Fill and Sign the Evaluating and Drafting Oil and Gas Lease Assignments Form

ASSIGNMENT OF OVERRIDING ROYALTY INTEREST(Single Lease. Proportionate Reduction) State: County: Assignor: (Name and Address) Assignee: (Name and Address) Effective Date: Assignor, named above, owns an 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 E xhibit “A” to this Assignment. For adequate consideration, Assignor assigns, transfers, and conveys to Assignee an overriding royalty interest in the Lease and all of the oil and gas produced, saved and marketed from the Lease, out of the interest owned by Assignor, equal to ____% of 8/8 (the “Override”). The Override shall be free and clear of all costs and expenses. However, the Override shall bear and pay its proportionate part of all applicable taxes. The Override shal l be proportionately reduced if it is determined the Lease covers less than 100% of the m ineral estate in the Lands, or Assignor owns less than 100% of the Lease. Should the Lease be renewed or extended as to all or a part of the Lands, the Overri de shall be effective as to the renewed or extended Lease. Assignor reserves the right to pool the Lease and the Lands with other leases and lands without the consent or joinder of Assignee , and the Override shall be proportionately reduced in accordance with such pooling. This Assignment is made without warranty, express or implied, and its terms and provisions shall be binding on and inure to the benefit of Assignor and Assignee and their respective heirs, legal representatives, successors, and assigns. The Override assigned to Assignee shall be limited to production of oil and gas, meaning liquid and gaseous hydrocarbon substances and gaseous substances of whatever nature, inclusive of substances in solution or held in suspension which are necessarily produced along with or as incidental by-products of the production of oil or gas. This Assignment is executed by Assignor as of the date of acknowledgment of Assignor's signature below, but shall be effective as of the Effective Date stated above. Assignor [Exhibit “A”: Description of Lease and Lands]