AGREEMENT AND DECLARATION OF TRUST
---------------------------------------------------------------
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, CERTAIN OIL AND GAS LEASES OR OTHER FORMS OF MINERAL ACQUISITIONS MAY
BE TAKEN BY OR IN THE NAME OF X.X. XXX XXXXXX AS LESSEE, GRANTEE, ASSIGNEE (OR
IN OTHER CAPACITIES AS A RECIPIENT OR TRANSFEREE) PERTAINING TO PROPERTIES
LOCATED IN COLORADO, AND NEW MEXICO; AND
WHEREAS, SAID LEASES ARE TO BE TAKEN IN THE NAME OF X.X. XXX XXXXXX, OR HIS
DESIGNEE, AS TRUSTEE FOR THE EXCLUSIVE USE AND BENEFIT OF HADRO RESOURCES, INC.
AND ALL APPROVED COST AND EXPENSES INCURRED IN SUCH LEASING AND ACQUISITIONS
HAVE BEEN AND WILL BE PAID BY HADRO, OR ITS NOMINEE(S).
NOW THEREFORE, IN CONSIDERATION OF THE PREMISES, I HEREBY DECLARE THAT I SHALL
ACQUIRE AND HOLD THE AFORESAID LEASES AND OTHER FORMS OF MINERAL CONVEYANCES IN
TRUST FOR HADRO, ITS SUCCESSORS AND ASSIGNS, AND I HEREBY AGREE TO CONVEY AND
ASSIGN SAME TO HADRO OR ITS NOMINEE(S) AT SUCH TIME OR TIMES AND IN SUCH MANNER
AS IT SHALL REQUEST.
IN WITNESS WHEREOF, THIS AGREEMENT AND DECLARATION OF TRUST HAS BEEN DULY
EXECUTED AND DELIVERED EFFECTIVE AS OF THE 1ST DAY OF NOVEMBER, 1998.
/S/ X.X. XXX XXXXXX
STATE OF COLORADO )
)SS:
COUNTY OF DENVER )
THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME BY X.X. XXX XXXXXX
WITNESS MY HAND AND NOTARIAL SEAL.
/S/ LAREN PASSAVANTO GROSS, NOTARY PUBLIC
0000 XXXX XXXXXX #X
XXXXXX, XX 00000
MY COMMISSION EXPIRES: JULY 2, 1999.
42
