Fill and Sign the Assignment of Partial Interest in Oil and Gas Lease Form

ASSIGNMENT OF PARTIAL INTEREST IN OIL AND GAS LEASE(Reserving an Overriding Royalty Interest) State: County: Assignor: (Name and Address) Assignee: (Name and Address) Effective Date: For adequate consideration, Assignor, named above, assigns, sells, and conveys to Assignee, named above, an undivided ____% working interest in the Oil and Gas Lease (the "Lease") on lands located in the county and state named above (the "Lands"). The Lease and Lands are described in Exhibit "A" to this Assignment. By this Assignment, Assignor also sells, transfers and conveys to Assignee a like interest in all equipment, personal property and fixture s located on the Lands and used in connection with the operations of the Lease. Out of the interest assigned to Assignee, Assignor reserves an overriding royalty interest payable on all oil, gas, and associated hydrocarbons produced, saved and sold from the Lands and the Lease equal to ____% of 8/8. If the Lease covers less than 100% of the mineral e state in the Lands, the working interest assigned to Assignee and the overriding royalty interest rese rved by Assignor shall be proportionately reduced. The interest in the Lease assigned to Assignee shall bear and be subject to its proportionate share of all burdens affecting or against the undivided interest assigned to Assignee, in the Lease, which are of record as of the Effective Date of this Assignment. This Agreement shall be binding on and will inure to the benefit of Assignor and Assignee and their respective heirs, personal representatives, successors, and/or assigns. This Assignment is made by Assignor and accepted by Assignee without warranty of title, express or implied. It is signed as of the date of acknowledgment of the signa tures below, but shall be effective for all purposes as of the Effective Date stated above. Assignor Assignor [Exhibit "A": Description of Lease and Lands]