Fill and Sign the Passport 4 Post Office 5 Irs and State Tax Commission 6 Banks Form

ASSIGNMENT AND CONVEYANCE OF OVERRIDING ROYALTY INTEREST State:County:Assignor: (Name and Address)Assignee: (Name and Address)Effective Date: Assignor, named above, is the owner of an undivided working interest in and to the oil, gas, and mineral leases (the "Leases") covering lands (the "Lands") described in the Leases. The Leases and the Lands they cover are described in Exhibit "A" attached to and made a part of this Assignment for all purposes. Assignor desires to assign to Assignee, named above, an overriding royalty interest (the "ORI") in and to the Leases and Lands. For adequate consideration, the receipt and sufficiency of which are acknowledged by Assignor, Assignor assigns and conveys to Assignee an ORI in and to all of the oil, gas, and other hydrocarbon substances and minerals produced, saved, and marketed from the Leases and Lands equal to ____ of 8/8ths. The ORI conveyed to Assignee is subject to the following terms, conditions, warranties, and covenants: 1. The ORI is subject to the terms and provisions of the Leases, any assignments of the Leases, and any amendments, corrections, additions, or modifications of the Leases or any of the assignments of the Leases previously made or made after the execution of this Assignment. Assignee expressly consents to the future execution of amendments, corrections, additions, or modifications of the Leases which may be without the consent or joinder of Assignee. 2. The ORI is assigned free and clear of all drilling, testing, equipping, developing, and operating costs and expenses but shall be subject to all taxes of every nature which are applicable to the ORI or the production which is attributable to the ORI including, without limitation, all production, severance, gathering, transportation, or similar taxes attributable to the ORI, and such other costs and charges as may be applicable to or borne by the Lessor under the terms of the Leases. No payments to the ORI will be made or shall accrue on any oil, gas, casinghead gas, other hydrocarbon substances, or minerals used for operating, developing, or producing purposes on the Lands under the Leases, or in treating the products produced to make them marketable, or which are unavoidably lost. No payments shall be made to the ORI on gas and casinghead gas used for recycling or repressuring operations which benefit the Lands. 3. In the event Assignor is required to assign or relinquish all or any portion of Assignor's interest in the Leases, or in the production from the Leases, pur