When Recorded, Return to: Katherine E. Gibson Davis Graham & Stubbs LLP
EXHIBIT 4.28
When
Recorded, Return to:
Xxxxxxxxx
X. Xxxxxx
Xxxxx
Xxxxxx & Xxxxxx LLP
0000
00xx
Xx Xxxxx 000
Xxxxxx,
XX 00000
THIS
ASSIGNMENT (the “Assignment”) is made and
entered into effective as of April 11, 2008 by and between 448018
Exploration, Inc., a Nevada corporation (“Assignor”) and The Bootheel
Project, LLC, a Colorado limited liability company (“Assignee”).
A. WHEREAS,
Assignor entered into that certain Surface Impact Agreement with X X
Ranches, Inc. a Wyoming Corporation (“MJ”) dated effective as of
February 5, 2008 (the “Surface
Agreement”), which sets forth the agreement and understanding of the
parties regarding the use of certain lands owned by the State of Wyoming and
located in Albany County, Wyoming upon which MJ has obtained the right to
conduct grazing operations pursuant to that certain State of Wyoming Grazing
Lease 1-7184;
B. WHEREAS,
record notice of the Surface Agreement is provided by a Memorandum of Agreement
dated February 5, 2008 recorded in the records of the clerk of Albany County,
Wyoming on July 28, 2008 (#2008-4640);
C. WHEREAS,
paragraph 19 of the Surface Agreement permits assignment of the Surface
Agreement; and
D. WHEREAS,
Assignor wishes to assign and Assignee wishes to accept all of Assignor’s rights
and obligations under the Surface Agreement.
NOW
THEREFORE, for and in consideration of the mutual promises and terms and
conditions contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree to the following:
1.
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Transfer and
Assignment. Assignor hereby transfers, conveys, assigns,
sets over and delivers to Assignee, and Assignee hereby accepts the
transfer, conveyance, assignment, set over and delivery of all of
Assignor’s right, title and interest in and to the Surface
Agreement.
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2.
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Assumption. Assignee
hereby assumes and agrees to be bound by all of the terms and conditions
of the Surface Agreement and shall undertake all of Assignor’s liabilities
and obligations of any kind related to the Surface Agreement from and
after the date of this Assignment.
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3.
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Notice to Third
Parties. Assignor shall promptly give notice to any
necessary third party of the assignment and transfer of the Surface
Agreement. The parties hereto agree to cooperate with one
another and execute such further documents and instruments, if any, and
take such other actions as may be necessary to give effect to this
Assignment.
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4.
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No Third Party
Beneficiaries. Nothing in this Assignment shall confer
any rights upon any person or entity other than the parties hereto and
each such party’s respective successors and
assigns.
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5.
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Successors and
Assigns. The terms of this Assignment shall be binding
upon, and shall inure to the benefit of the parties hereto and their
respective successors and assigns.
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6.
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Amendments and
Waivers. No amendment, modification or discharge of this
Assignment and no waiver hereunder shall be valid or binding unless it is
set forth in writing and duly executed by the party against whom
enforcement of the amendment, modification, waiver or discharge is
sought. Any such waiver shall constitute a waiver only with
respect to the specific matter described in such writing and shall in no
way impair the rights of the party granting such waiver in any other
respect at any other time.
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7.
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Governing
Law. This Assignment shall be governed by and construed
in accordance with the laws of the State of Wyoming, other than its rules
as to conflicts of law.
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8.
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Headings. The
headings contained in this Assignment are for purposes of convenience only
and shall not affect the meaning or interpretation of this
Assignment.
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[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]
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IN
WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly
executed by their authorized representatives as of the date first written
above.
448018
EXPLORATION, INC., a Nevada corporation
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THE
BOOTHEEL PROJECT, LLC, a Colorado limited liability company
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“X. Xxxxxxx Xxxxxx” |
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“X.
Xxxxxxx Wallis”
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By:
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X. Xxxxxxx Xxxxxx, President |
By:
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448018
Exploration, Inc., Manager
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X.
Xxxxxxx Wallis, President
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XXXXX XX
XXXXXXX XXXXXXXX
XXXXXX
XX XXXXXX
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)
)
ss.
)
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The
foregoing instrument was acknowledged before me on this 12th day of August,
2008, by X. Xxxxxxx Xxxxxx as President of 448018 Exploration, Inc., a Nevada
corporation.
Witness
my hand and official seal.
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“Xxxx
Xxxxx”
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Notary
Public
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My
Commission expires:
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does
not expire
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[SEAL]
XXXXX XX
XXXXXXX XXXXXXXX
XXXXXX
XX XXXXXX
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)
)
ss.
)
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The
foregoing instrument was acknowledged before me on this 12th day of August,
2008, by X. Xxxxxxx Xxxxxx as President of 448018 Exploration, Inc., a Nevada
corporation, Manager of The Bootheel Project, LLC, a Colorado limited liability
company.
Witness
my hand and official seal.
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“Xxxx
Xxxxx”
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Notary
Public
|
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My
Commission expires:
|
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does
not expire
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[SEAL]
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