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) ) Igal '[)cscrip lion: Towns hip" South Range Y5 West 6'" P.M. Sections 19 and 20: All Secl;on 21: E125W, NE/NW/4 , NE/4, N {l~I:J'I , ~E/4S"j 4 Sections 22 through 27: AJI Seel;o"
28: SI2, SI2SI2, NT:l4NE/4, NIVf.1NWI4 Sections 29 through 34: All .-Section 35: NI2 Section 36: N/2 Township 4 South Range 96 West. 61h P.M. Secl;on 22: SI2, NW14, WI2NI" 4, Section
23 : sn, NEl4, FJ2NW/4 Sections 24 through 27: All Sections 28 : F)2 Seelion JJ: $1" 4, S12NEt4, NEt4NEt4 Sections 34 and 35: All Section 36: Nn, SWM Townshini South Rim!:!,!; 95 West
61h P.M. Section 4: NI2 S,,,I;on 15: S/2, S12NI2 [,e~A I DeSGvlpKt7Vl S?evi0'C, W SWrvl b\A\LJ, cQY0pveY~DkbOY\ SW5Gj S£.slAJ ~L-,?Lj <1 S/~lovJ tJE rvw 1 tJiJJN6 5.tc.-~ 5S /<'JiP[,u
Secli(ln 16: Aili hal part I}'ing South of the !)outhcmmosl Mahogany marlcer a.k.n. Iloffman No. 36 Placer Mining Claim (SI2Nf2 of SCI;. 16~ being It po rtion thereof) 3. k.a. Il ofTm~
n No_ 1<; Placer Mining Claim (N12SJ2 of Sec. 16. bcing a portion thereof) a.k.a. lIotrnmn No. 34 Placer Mining Claim Section 17: Al l thaI part of the N!2SI2 Iyine South of lhr: south
emmos( ;v1ahog:my marker ".k .a. Hof"fln:Ul Nt). 30 Placer Minirlg Clairn (N!2S/2 of Sec. 17), SJ2SI2 a.k.a. Iioni-nan No. 31 Phll,~ r Minine Claim (SI2S/2 of Sec. 17) Sections 19 through
22: All Sections 27 through 3d : AU Townshie 5 South R:mse 96 West. 6111 1' .M. Section 2: Wl2, lcss and except those portions conveyed by Union Oi l Company ofCnlirornia ttl Exxon Corporati
on by Special Warnully Deed recorded in Book 6t10, Page 869, Garfield County, ('olomdo. Sections 3 through 5: All Section!> H through 10: 1\11 Section II : WI2, !t:ss and except thoM::
portions conveyed by Union Oil Company of Cali fomi a to Exxon Corpor.Jlion by Special Warmnty Deed recorded in Book 6010, Pugc ~69, Gru-ficld County, Colorado. SCClion 14: W/2, 5E14,
W12NEt4 Sections 15 ami 16: 1\ 11 Section 17: 1:12 Su:liuflS 21 thruugh 28 : All Section 33 : NI2Nf2, t ~ss anti except the Wcsl 32 rods of the NWf4NW!·t containing 16 ac res, more or
les.s St;~tiu [J s 3·1: NWNNW14, Nf-"J4 Section 35: NI2 Section 36: NI2, N/2SFJ4. SnSf"::;'l lyirlg t(.l.... . tcrly ofP'arachutc Crc~~k TOWllshipJ,) South Range 96 Wc~t> 6'), I~. M
. Section I: LoL~ 3 10 14, inclusive Sections 1 and 3: All Seclion 4: Thai portion of the ~c l i oll cast of Parachute Creek Sections 9 and to: All Section 15: W/2, W/2 FJ2 Section 16:
All SCCI;on 21: fJ2NWI4, NEt4 , SEt,I, SEt4SWI4 Section 22: NI2, SW/4 Section 27: W/2NW4 Section 28 : NE/4, NE!4Sr:M
SpecinJ IVarrallty Deed Exhihit A (Ullocal Deed with SpecifIc Schedules Marked)
QUITCLAIM DEED
) II~II:': l1li1111111111 1111111111111 11111111 1111111111111 655348 07 /02/2004 03,06P 81602 P342 M ALSDORF of 3 R 16 .00 D 0.00 GARFIELD COUNTY CO AFTER RECORDING, RETURN TO: Enenna
Oi l & Gas (USA) Inc. 950 17th Street, Suite 2600 Denver, Colorado 80202 Attention: Diane Hlieszner, Esq. QUITCLAIM DEED THIS DEED, dated JUlie it 2004, between UNION OIL COMPANY OF
CALIfORNIA, a corporation duly organized and exist ing under the laws of the State of California ("Grantol'''), whose legal address 376 South Valencia Avenue, Drea, California 92823,
and TOM BROWN, [NC., a corporation duly organized and exi sting under and by virtue of the laws of the State of Delaware ("Grantee"), whose legal address is 555 17th Street, Suite 1850,
Denver, Colorado 80202: WITNESS, that the Grantor, for and in consideration of the sUln of Ten and noll 00 Dollars and other good and valuable consideration, the receipt and sufficiency
of which arc hereby acknowledged, has remised, released, sold and QUITCLAIMED, and by these presents does remise, re lease, sell und QUITCLAIM unto the Grantce, its successors and ass
igns forever, all the right, title, j interest, claim and demand which the Grantor has in and to any and all real property, together with im provements, ifany, situate, lying and being
in: J J Township 4 South, Range 95 West of the 61h P.M .• ~~~l1II~~II1I!~jjjj~9~6 We ' Ih f., Township 5 South, Range 95 West ofthc 61h P.M., Q\V South, Range 96 West of the 61h P.M.,
I Township 6 South, Rnnge 96 West of the 61h P.M., Township 7 SOllth, Range 96 West of the 61h P.M., Garfield CO lln ty~ Colorado, except the fcc interest 10 the surf;:lce rights to
that parce l of re~ll property, the legal description of whieh is attached as Exhibit A (the "Chevron Reservoir Right of First Re fusal Pa rce l") and except water storage rights related
to slich parce l. Grantor :md Grantee agree and intend that this instrument shall convey to Grantee all of Grantor's interest in and to oil , gas and other minerals in and under the
land desc ribed above (i nciliding those IInder the land desc ribed on attached Exhibit A) (the "Real Estate"). No t wi th ~tanding the pl'ceeding, there is reserved unto Gra ntor, its
Sllccessors and ass igns and not conveyed hercin a two percent (2%) gross roya lty in all oil and gas produced from or anributable to the Real Estate conveyed here in which is produced,
mined or otherwise extracted fi'olll shale ("Shale Oil") within the Green It iver Formation from the slirface to a depth that is stratigraphica lly equi valent to the "Orange Marker"
within the Garden Gulch member of the Green River Fonnation, such depth being the stratigraphic eq ui va lent to a depth or 2105' in the Skelly Oil Company II I Dry f ork Unil well,
SWl/4 NWlI4 SEI /4 of Section 25, Township 4 South, Range 97 West of the 6th P.M., Garlield County. Colorado. For the avoidance of doubt, the foregoing royalty reserved herein
) ) Ilmllllli 1111111111 11111 1111111 1111111 1 l1li1 11111111 655348 ~7/02/200 4 03 006P BI602 P313 M ALSDORF 2 of 3 R 16. 00 D 0 .00 GARFIELD COUNTY CO unto Grantor shall entitle
Grantor to a cost free share equal to two percent of 8/8ths of all Shale Oil in addition to any prev iously ex isting mineral inte rests or burdens excepted above and is not dependent
on the ex istence (or nonexistence) of any mineral lease covering all or nny portion of the Real Estate. Grantor may, at its option and in its so le discretion, elect from time to time
to take its royalty share in kind upon giving Grantee at least ninety days prior written notice of such intent. IN WITNESS WHEREOF, the Grantor has caused its corporate name to be hereunto
slJbscribed by its attorney-in-fact on this _' _' _ day of June, 2004. STATE OF COLORADO ) ss. CITY AND COUNTY OF DENVER ) UNION OIL COMPANY Of CALI FORNIA , a California corporation
BY:~~~ Brian 1. Kel y, Attorne -m-Fact Acknowledged before me this _ . _ day of June, 2004 by Brian J. Kelly, Attorney-in-Fact for Union Oil Company of California, a California corporation.
Witness my hand and otJicial seal. Notary Public 2
) ) 1111111l1li1111111111 1111111111111 11111111 11111 11111111 655348 07 f 0 2f 2~04 03: 06P 81602 P344 M ALSDORF J o f 3 R 16.00 0 0 .00 GARFIELD COUNTT CO Legal Description -Chevron
Reservoir Ri ght of First Refusal Parcel and Water Rights (Includes Unocal Parcel Nos. 7631, 7632, 7633, 7634, 7660, 7693D, 7699 and Portions 01"76 16, 7625, 7627A, 7639 and 7646) Township
5 South, Range 95 Wesl, lith P.M. Section 30: Section 31 : Lots 10, II , 12, 13 & 14 Lots 2, 3, 4, 9 & 10 Township 5 South, Range 96 West, 6th P.M. Section 25: Lots 7 and 8 Section 36:
NEI/4 & S[ 1I4 except that part of the South 949.99 rect lying West of the Centerline of Parac hute Creek. Township 6 South. R~.2.6 We.t,_6th P.M. Section 4: Lots 4, 10. 12 & and all
that patt of Lot I, SE1 /4N W1/4, SWlf4NW 1/4, NWII-ISW 1/4 and Lot II lying East oCthe centerline of Parachute Creek Section 9: Lots J, 4, 5, I I & SW 1/4NW 114 TOGETHER with a parcel
of land, referred to as the Granl ee Gulch School Parcd, in the Northwest Quarter of the Southwest Quarter (NW 1/4SW1/4) of Section 4, Towns hip 6 Sout h, Range 96 Wcst of the Sixth
Principal Merid ian. County of Garlield. State of Colorado described as follows: Start ing at the Northwesl comer of tlw Southwc!:it quarter oj' Sectioll 4. Township 6 Suuth, Range 96
West (This Corner is located on the South side of a gulc h) ru nning down the gulch Snu th of East 582 reet to the creek from thence down the creek West of South 207 fi:et from thence
West 336 fcct from thence North 363 feet. EXCEPTING lhcrc h om that portion of County Road 215 that crosses the subject property including the Roadway survey parcels and slide parce
ls conveyed to The l3nard of County or Commissioners of Gariiold County, Colorado in Spccial Warranty Deed recorded December 30, 1986 in Book 702 at Page 424 and as corrected in instrument
recorded June 15, 1987 ill Buok 71 4 at r age I. A-I
RECORDED CERTIFICATE OF GOOD STANDING
) ) III HM~i1'IlI:nl.\'lrl4\ml'.'II~rL',(~I ~"'.I:~.IJnll, 111111 RcceptlonU; 760 3 13 12/1 91200803 14: 00 PI'! Jnt'l nlb.ru.~o I .. , f> R .. ., f • • . I)L oo Doc 1'" ... 0 00 GnRi="
l £lO COWl Y CO OFFICE OF THE SECRETARY OF STATE OF T I-ll::! STATl::! OF COLORADO CER TI F I CATE I, Mike Corrinan, as (he Secretary of State of the Stale of Colorado. hereby ccrlify
thai, according to Ihe rCf.:urc..ls urthis office, F.NC.A~" OIL & "AS (USA) INC. is an entity formed or registered lInder thl.: law or l) clnw:trc has complied with all applic;} blc
rC(luircmcnl~ or lhis oOice, unJ is in good slnnding with t hi ~; ufll l:c. Thb entity hn~ been oss igncd enlity identification number 20001081983 . This ce rt ificate rctlccts fae ls
cst .. blis hcd o r disclosed by documents delivered 10 this office on paper through 11 /06/2008 (hm have been posted, and by dOI:II Ill t'IlIS deliYcred to this office elec tronically
through 1111 I/2UUK «!l IU: 18:03. I have afl1xr.!d hereto the G rc...'~11 Sea l o f the Stale uf Colorado ilnd duly generated, executed, authenticated. isslIed, delivered and communic
ated Ihis offic ial ce rtificate al DClwcr , Colorado on l ilt 1/2008 @to: 18:03 pwsuant 10 alHl in accordance wilh applicnhle law. This ccrlificflte is tl ssigncd Confinnntion Number
7223?24. ---------------Secretary of Slate 0 f the Slate of Cui oralio .................................... ~ . ........ " ' End Qf"Cenlfi( alc····· .. •••• •• •• ....... . ...............
. .... . . .. . 8 ",/!'" . <Ua.l!fj(JJIl.../IJ~t{(t1«lUJ1J.JLtJlb:/J.coLlh~(lwJu..Sil.J:X.f"'l' v.f.sum ·1 H:'dt,'If: " /ully .• .ltJ!LLI>I/•. I!.dl(l.lAlJo_ruf·dfJ... ... L"g"tJ.iu
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RECORDED DELAWARE MERGER DOCUMENT
· 1111 ~,IIJ':i:H·li:~ Ml.liIII\~~'lI:.'L':,Il~l\~~:ol,'~\'ILoI":'~~IJ, 11111 Rc:c.:ep1.joIlJl: 70031.3 12/1912009 J3·14-()Q P.'1 .r~"" fllb.rlc~ 2 of 6 li'ec Fe" 1-31 O[) Coc F"R 0.00
C;>lIWIELD COIJNT"!' r.O Defi;rware PAGE 1 The :lirst State I,. 1lA.RRIET SM11'Jl WiNDSOR, SEC'RE'7'ARY OJ!' S'l'A'l'.&; Ull 'l'HE S'l'ATE OF lJllLAWARE, DO HEREBY CERTIFY THE ATTACHED
rs A TRUE JlND CORRECT COPY OF THl: CERTIFICAXE OF MERGER, WHICH MERGES: "TBI PfPELINE COH1?ANY", A DELAWARE CORPORATION" "TBI W8ST VrnGINIA , INC.", 11 DELAW1\RE CORPOAA'1'ION, "TOM
BROWN, INC", A DELAWARE CORPOM'l'IOlll, WF'I'J{ AND INTO "ENemA OIL & GAS (USA} INC." UNDER THE NAME OF "ENCANA OIL & GAS (USA) INC. ", A CORPORA1'ION OIlGANIZED AND EXIS1'LNG UNDER
THE urNS OF THE STATE OF DELAWARE, AS RECl:IVED _O.NFJ FILED IN THIS OFFICE THE TWENTY-SECOND DAY OF DECEMBER, A.D, 2004, AT 6::/5 O'CLOCK P 1<1 AND I DO lIEllEO!!' JroRTEIEIl CERTIFY
7'HA7' TllE EFFECTIVE DATE OF THE AHlllESAID CEIlTIFICATr;; OF MERGER IS THE FIRST DAY OF JANUARY, A_D. 2005, A FILED COPY OF THIS CERTIFICATE HAS BEEN ronWARlJED TO THE NEW CASTLE COUNTY
RECORDER OF DEEDS. 2137U95 8100M 040934710 "J;«..M~ ~91~_"-,,,.1 Harrict Smith Windso .... Se (ret3ry 01 SL1~e AUTBENTICATION: 3584585 DATE: 12-7.9-04
) FAX 110. 30W322J6S P. OJ St4te of D:11aw4L"e Socrwta~ of Stoco D.1 Vision ot r;ozporat iW"1~ n,1i~Zl!d 06: 15 PH .12/22/2004 FTJ,£/J 06 :15 Iff 12/22'/2004 SRV 0409347JO -21378~5 FIlE
STATE OF DEL.\.WARlt. CERTIFICATE Of' ~fERGER OF J)O"'fl~S'J' IC CORl'ORATIONS PnTSUlll1t to Title IS , Svcllol'l Z51(Q) of Ihe Ol:;l:\ware. General COlJ)ora1ion Lnw. the wldcrsignerl
corporation executed the followin~ CcrtificOltc of Merger: FIRST: ih~ name 0 f the SUM viog corporation is EnCona Oil &, Gas (USA) Inc .• ill1d the names and jurisdlcliorH of the corporAtions
being rnelg:cd into thic surviving corpordlion are u.s follow!>: lim:!!1 Tom Brown, Inc. TBI Pi pcline Compa..oy TBl West 'Vuginin. Inc blrisO.ic\ion of IncotpOclllion Delaware eorpvlation
Dc::lnwMc corpo:alion Delaware corpor:nJon SEC ON P: Tbe Agrcomcn1 and PI:.n of Merger has been 3pproved. adopted, cc:rtiGt:d. Cx.cc\!tcd Mil acknowledged by each aftb" cons:lilltent
corporations. rill RD: The name oj .he sucviving c.orpOr.1tioll is Rflrana Oil & Gas (USA) In c., a D"tA.was;e corpora1ioo. FOUnT": The Certific3tc of Incorporation of the sllrViving
corporation shall be: i1s Certificate of Incorporation. FIFTH : The merger is 10 bew me effective on JanuaJ y I, Z005. SJXTH: The Agreemenl i\nd Plan of Merger is on file: al 950 17lh
Slrl:'cr~ Sli ita 2600, Denver, Colorado 80202, the rlac~ ofbu!in~s oflhe survi\'ing corpor.ujon. S ~VEr~f nf ; :\ ... opy "r the Alffl!prtU!n1 ond Plan of Merger wiJJ be furnished by
the surviving corporotion on rC(jue ~ l , without COSIo 10 uny s lockil()ldu of me cons~j(ucnl corporations. IN WJT i'if~SS 'VflEH EO"'£\'. said I\urviving co rporat Ion hn." caused
ttis eettificDle to be 9igned by all aUlhorize(] officer. the 17th day of December. A.D, lOU4. ENCANA OIL & GAS (USA) lNC. BY~~~ M A. Vivinno, SC-'lc1:!.t"y
RECORDED TOM BROWN WITIIDRA WAL DOCUMENT
) ) 1111 ~,II.lR':'~\II,'~,~I.:,twI , W,J MJ~~ln J~ In:;r iP.),I'I ~II, 1111 R~ccpljon~: 7GG3 1J ' <' /1I1120C9 0, · \4 00 rol1 J U '" n ! b~ rll: " 4 of (, ~1l¢ Fee 53! ,00 QQC Fce
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~';r:':c ::,,:;ci ;,y Cr;: ,n'J r. i i' :':~l ~· , ~: El lI ~)'': subjc:t :0 ~;ili.: '::l\\it !:t}l i!>:~\!\ic ihe ;·{liC gc.i:l ~ u:,: sc;·d.: :::d p r~':i~11":i ; ·.::-: i Sli :l~!.
m !J1 ;: r:d i::tcrc;!s. ,I. ': .... . ;''''' .".' . " ';:.:~. : i -;:;:;': I:\i'
T\'..:,·~ i:i \\Id:~~~ ilt.rctl>' r·~;;.~r'(::.",\ :!!:d e:,:::'-'plcd unt0 C::-:mw:, !l.) '):lCCe5~0r::i ar:d .:lssr:~f1s :m,:! !lv! c\m\'':':;:;~,,~ h(."f-c iii J two p,:rc·:nt (2
%) gr()~:i tllynily in ,Ill \) iJ clllfj g,!$ W(!~L:\:t:(: from or :l~,-r-: b ut~lhic l,) ,be i\~',.: E:\[;l~:": ,:cn<:c~ L'~,-".:tn \'.:1i.:;) i::; ;J!·'l~[I:;:~:d, nli;-::~.J t1!"
(l\he;:-\\';~;~ c:\!r:':l:L:J (':':":,1 <~;:lc \.'·~~1; ~:k Oil'l) ".r~ l~l in [;:1.: C;;::-.. ,-. :':; ','~:! :'\~i-;:!~!\ l!j!"l l~·.,"(!t t;-;~ :;lld~!c(: ti) ;: . !I..T! " linl is
s{cn:gmphic:L1I y -':Y.i;\··_~ :~I:I \\) ',h:.: --:-'::':':'~"S:'~ : ;~..:;·:-:-':l" "" :':i,i;~ ('."1(: Ci:n.:'>l (:~ik'h nlt;:n ber '_< lito::-C;rct.:il Ri \'t:,r F'c>[!ll~ltioi"i,:
(:..:;:::: l::': in~ :_:lc Sii:lttgt:!phic ''':i F!i\,,":;''::l~ U ~l I: :~l11 h ,)f:? ; (I::;' [,', ',~~..: ~~:~-_: () ~ C G:n:);! flY':;! Dry ;;,y--~ Unit '.''-''';!. S \V (:.-1 \
\\: l.' -1 s: ~ _:. ~, :' :;,~;.:ti,;;; .~5, ':'::",'.'(:~;hi p .; :~~..'l\: h. l'~:Ji1~~ ~i: V.-l'< .. ;' 1f it.: () :;, P. \: .. Cj;l! !~,;\d C\}un(~:, CI.:\:"':::.h.J. r c; ~;~'.:
~l;"');': [, .\.';.' I:' r,!(:Ubl, ~ :I~ k'rcgoin:; roy.:1 it)' r;:::~cl'vl:.U l1C-f-:.:i;l unD G ran:or Sh'lll t.'n!i lie (iDn!Or t':1 :! "C'-:':-,', t'r·:>:: :;L'.r~ cq\.~::>, \ l!);
,,':,) ~-l'rc': ::; I.-·f S .'3111:: ' :' ;-::~ :~. h-:~; .... Ui l in :\d:..!i:ioll to ,~ny pr(:l/i0u;;[:: :::--:i~;t!n~: ;nir.:::;'.:: !iIl-:r,;sl:; or b!:rdci;~ c:-:..:~p~;:d .,blnc
anJ i~ n'::l ,.kp'-:rHknt on the t::·:i:n:,r',-.::~ (,_~, '~':):l:::\~ ;km.:c] OJ" :Hly rn incrJ! lease co';cring ,111 0, :11\:, .:Jer', it)(\ 0 f II:\,; ;-:_,:~d r·:~T:~~';. (:!-,\n~',:\'
;-:'.;~::: ::~ :;::, ")P~;l';l ~;l:~~ iii it,,) :iGlv tki;.:;cj,,::n, I::':'.: ~'r;l;;l ;i;l\~' .':. tjl\~-' \.) \~L~:':: i~.'; t-:"::'-:!!!Y .-;1-;;]rl..' in l:in,[ l:l~Ui1 :;i\'11IL;
(jr::!'~~'1: ~\~ ;C,l::;i !'Iii)t;;y d;I;'s prier '.':riif.";ll :l~~tict Oi.' ;\:cn intcni. iN '\',,; i'f:--U,:::):) \',' UEt{ EO F. :_bt Granter n::!s c:.iusd !t.s con;(jra!~ nnm:.:
to r.c hCrelllll0 ~:l!b:;cr!b;;:dhy its :}lIorn~y-in·!t:ct t)n ihis it_ u;'!Y:JC jl:n~~ 2iJ:1-1 , ) ) ss. L;~,noN OIL CO,\[PANY or C\[.[!'UR.>:iA. :! CGlif')miJ COIVJfallOn
) ) -) J J ..'.J --.> r-11tI~li: ml ~mlm ml ~Iml ~Immll ~I~~I III ~~I~llml mm 65534B 07/0212004 03 : 06P 61602 P342 11 RLSDORF 1 of 3 R 16.00 0 0 .00 GRRFI ELD COUNTY CO AFTER RECORDING,
RKTURN TO: EnCam Oil & Gas (USA) Inc. 950 17th Street, Suite 2600 Denver, Coloradc 80202 Atten tion: Diane l3licszner, Esq. QUITCLAIM DEED TI-IlS DEED, da ted June LL 2004, between UNION
OIL COMPANY OF CALIFORNIA, a corporation du ly organized and existing under tile laws of the State of Calirornia ("Grantor"), whose legal address 376 South V~ le nc i a Avenue, i:lrca,
Cali fornia 92823, ancl TOM BROWN, INC., a corporation duly organized and existing under and b)' virt uc of the laws of the State or Delaware ("G rantee"), whose lega l address is 555
17th Street, Suite 1850. Denve r, Colorado 80202: WITNESS, that the Grantor, for and in comiderat ion or the SUIll of Ten and noll OO Dollars nnd other good and valuable consideration,
the receipt nnd sufficiency of which are hereby acknowledged, has remised, re leased, sold and QUITCLAIMED, and by these presen t ~ does remise, release, sell and QUITCLAIM unto the
Grantee, its successors "nd assigns forever, all the right, title, interest, claim and demand which the Grantor has 11 nnd to any Clnd all real propert y, together wi th improvements)
if any, situate, lying and being in: Township 4 South, Range 95 West ortlle 6'" P.M., ;GolJYns!liiill . SW!th~~aJlg~t~p'West.qf the 6'" H.M., Township 5 South, Range 95 West of the 6'"
P.M., ownship 5, So,ltB, Range 96 West of the 6'" P.M, Township 6 South, Range 96 Ww of the 6'1. P.M., Townshi p 7 South, Range 9G West of the 6'" P.M., Garfield Count y, Colorado, except
the fcc interest to thesurl,\ce rights to that parcel of real propert)', the legal description of which is attached as Exhibit A (the "Chevron Reservoir Right or First Refusal Parcd")
and except water storage rights rel'.ted to Slich parcel. Grantor ami Grantee agree and intend that this instrument sl\[\11 convey to Grantee all of Grantor's interest in and to oil,
gas ft1d other minerals in and under the laml described above (including Ihose under the land descri bed on anac.hed &:ill ibit A) (Ihe "Rca) ESlale"). Notwithstand ing the preceding.
there hi reserved unlO Gran{or, its sueC(!S$ors <HH..I assigns and not conveyed herein a two percent (2%) gross royalty ill all oil and gas produced from or altri hutab le to the Real
Eswte conveyed berein which is produced, mined or otberwise extrac ted [rom sha le ("Shale Oil") within the Green River Pormat ion from the surface to a depth that is stratigraphically
equi valent to Ule "Orange Marker" withi n the Ga rden Gulch member of the Green River Ponnation, such depth being the strat igraph ic equ ivalent to a dopth or210.1' iu tbe Skelly Oil
Company il l Dry Fork Unit well, SWI/4 NWIM 8E1I4 of Section 25, Township 4 South, Range 97 West ~f the 6th PM., Garlicld (ounty, Colorado. For thc avoidance of doubt, the foregoi ng
royal ty \'Csc rvcd herein
I In III !1I11 ~IIIII ~II ml~llllnlll ~I~~IIII m~ Ilill~nl 655348 07/132/2004 03:06P B16132 P343 M ALSDORF 2 of 3 R 16,00 De. 013 GARFIELD COUNTY CO unto Grantor shall entitle Grantor
to a cost free sha:e equal to two percent of 8/8t11s of all Shale Oil in addition to any previously existing mineral interests or burdens excepted above a:1d is Hot dependent on the
existence (or nonexistence) of any mineral lease covering all or any portion of the Real Estate, Grentor may, "I its option and in its sole discretion, elect trom time to time to take
its royaHy share in kind upon giving Grantee at least ninety days prior written notice of 5uch intent. IN WITNESS WHEREOF, the Grantor has caused its corporate nome to be hereunto subscribed
by its attomey-in-fact on this _!_I_ day of June, 2004. STATE OF COLORADO ) ) SS. CITY AND COUNTY OF DBNVER ) UNION OIL COMPANY Of CALIFORNIA, a California corporation Acknowledged before
me this _. _ day of June, 2004 by Brinn J. Kclly, Attorney-in-Fact for Union Oil Company of Calilornia, a California corporation. 2
Hecorded Delaware Merger DoclIlllent
-.~. '1),' k P;, ~' ~ .!.---:l ~ f. e avv C[;Y£ 1 'JFie Jint State r, EA3Rrs, SMITE ,TINDSOR, S£CRETARY OF S~)1"'E OF TiiZ STilT!': 0:" "rOH BRor-rN, .nrc_",. }i, [\SUHv"ARE CORPOMTION,
OF ttENCllNi'" orI~ & GAS (aSA) INC. r" A CORPOR . .iiTI01J ORG:l..1'fIZED .~~UJ:' MID FILED 1lr TillS OF1!ICE ?EB Th'ENTT-SECOND C:.gy OF DECEHBER/}L D. 2004, AT 6:15 O'CLOCJ{ F ~H
. . CORPOfu11'IOl{ S'£;lU BE GOVB~lNZD BY .l."'liE IJ'l.Y,"$ O~ Tlli: STATE OF DELAJDtlE. ]'~'{'.u r ;co HE..P-!':3'l ?i7RTIEP. CERTIFY TEAT TE' :£f-'E"ECTTVi" D:1'l'Z or TEI!: .AFCP3S.UD
CE.z"1'!.'IFICiiTE OF HE1"<GI::J:. IS '!.'jIZ E'L'?Sl' DAY or:' J..?:.fWj';..F,Y, 1LD. 2005. 21378)5 5'330 ;":"rj ,~: ~" ~ =-~ '·'!;;,:;;u, ~~::;-~~:-~ (,·f S:::.;:,;: ;.. .:.::i'_'-.'
·!:·;i7:;: C.·A71 ON: ] 62 E7 U 3 3
Tom Brown \Vithdrawal DOCllment
----------------------------------------if dacuIT.cn; i~ o~p!?cr: If d~;~r::=111 i) iii;.! d:c!r,';")ic~llr: Fees ~a; :;\)bj~'\:l 10 :h!;1/;C. f.;r~;m,~~ic [:EnS Jill v c!J\~ir. (llj:t;";
crfiitl! CO~Lr;ICI.~ \isil '.)C!}:~'!,~";11U~~ r;~~'i~: I\:i'~r ~O<:~lnl1~ ;0' (ob,,,lo S:<:'(I.lIY oiS\::~ llllJinwDj";5iol'l. Ij(;] r,r~~jw~y,S~h(1~ D,r,,'t:','CO SfrlG!.,l15, 510.00
:(":l~!l)1?·a~ c: ,_ \t).'](1 :~:I~:;tT}:~',' I!::" :;:j;'ifE (:1-11-"2:';).3 E·,;~~: .:-~ l',jjl,r~_c;;"fI";'~ m~~ h: t~c,.j (Ir :~.~:!)i,,: f;;~l,d. Sr"tcmnr of l"orcign. Lllli!I'
Withur:lI'.';1! iikc1 pl\r.ll'-'1! :0 F·90·.\O I, :: $:q. ~I\d ~ ?If()-~(~ Df 1.'1c Co!ur~do ;ic'}i~cJ Slal'J,~~ ('':;.R.S) ~.Alillm~'.l 'ntiiYI\:l~e {if dilr: tenl t',~'r" ~:u: ronl!)
TJ;~ f.~;S~~ .1f'pi~~~1! ,'li; :;;i;:~I.C[_;:·! ~;~nl in I):..:; ~c;u:lm! h~~ c:J.,~c~.:d ,a -l~;ni: so !H,Gir.I.:J i\~:;;"c:~!l "~~nt ~r~,\ ~1d:c<;i;: P..':~:LH,;,~J :.,".~:: ~:;,.!1:!,~
.led:.:.::..;: (·f~;"i~~.""';e.~ (:~~ :!o";} Oil 1:' '1.; r': ;j,l~l:i :,; ~;, l ;; ~,; ~~':1 g.~: t~ b~ ,;!:.ir.l.)jl:~,j, l:'~ r.uil:.-.o; ~2jr':;:. t·, ",;;\,:;, ~c'-.. ::c:,fp;,)Gt:;'':
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;.,J,',:c.'~r>' :'~,; QF ,:'-, -:,.-c "" -.• ---:,I~ 1 !~.. .. .~ ::u~, -,.,.,:j~ ,!(;,J ;\".;-! :::.;,:: !,;) , f ! t I
.'17(1 H!); 'sired. $~,l" 17% (S"N!"j,,~ ~d",.-.t·" .'1 I'o:!' 0:;;,,· ;1 ... \ i>.',,,,.,rl'~~--~-~-5. lit':: <:)lli,y will nn i~;;<:;:. tW\s:\~t bl.l.1~l';;H cr ~o>ll.b~! ~!ti\"ili~"l
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Ae3$i) IflCiOOo' typxl s.clf ... ~.-d cr;ve~ MUST ilE TYPEP RWIGFl£; $76.CC MU~T sVtlMlTlliC COPIES ,\lail to: SO>..-utar; of St;{tp, Corp;.x-.di~ Stctlco 15BO 8.-0..,d"'(;:'/, Suite20C
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JUFi:lSD1GTfCN OF ITS i~CCRt-"OPJ\110N AND DA 'tin-UN Ni}/SY (80) DAYS OF THE RUNG CfTn[;: APf{Jc,\TIOn. "~nl •. 'H.L1 jj~/DS) Ru'ri:).cd 7 ,£) 5 P.c.::>
::rl:sm~, R:no.)ll K. Per;uson. arin C. W~~tcalt, ROO;l!d H. Jarn:.s, Guy C.L. Wojili."l, leiTE. Ap,?Crldi.\ to Color;;.do ApplicJtion for Cer1ificare of Authority Directors and Ofiicers
of AEC Oil & Go< (USA) Inc. at April 18, 2000 Prtsiccnt Vice.-Prc.cidcn(, North::m nplo[J:1on Vice-President SO!lth~m EXp!Or.<li[}1l 3900,42 J -71~ /1'.'tt:.:J=> S. W C31gary, Alber!a,
72P tlK9 3900,421 -7'':t A"·::'.,,u..:S.W. C:Jg~ry, Alben:!., 72P '\K9 3900,421 -?~\ A\'cnut;. S. W. C~lg3.!Y., Albert.), -:'2P l,K9 39:}O, 421 -I\~ J\v:''lt!t} S.W. C31g;u-y, Albert;!.,.
T2P 4K9 3100,707 -8lh Av~nue S. w. ClI8~.ry. Alberta, UP lHs 3~OO,421_7\h ,"\v:nu·::S.'N. Celgary, Albcr:a. T2P 4K9 S~~VemO!1, \\':111;1."11 ;\. 3S00, !,21 -7"" Av~ntl(: S.\'.'. Calgary,
Albma, 12P 4K9 Stcr~!<try )'l;lcbd, Liuea H. 3~OO;421-i" AVf.Olue S:W. CilP.ry, Alb~rw, 12P 'E~9 3SQO, 121 -7'~ Annuc S.W. C~g::..ry. Alben:1, T2P :):(9 ----_._--------
Scat!! ofDda~!)Qre OfficeDjthe Secretary oj Stilte ru:CORI)S c'; ':'lil~~ OFfICE SHOW I j'\i1 Of Tilr; Yrl!::HTIE1'JI DAY OF A9?.1 L, i\..D. 2000. uzrN .FILED ~o DAT£. ;:J.3"!ll95 0:]00
C~-:<:o-oo p.t}.: .--~-~--------
O:;FICE OF THE SECRETARY OF STATE OF THE STATE Of COLORADO CERTIFI CATE [, Mike Coffinan, ~~ the Secretary of St<lte' of Lhc S!mc of COit'Tilde.>, h(;rt:by c::rtiry tbal, Jccording to
the records Oflhis-office, ENCANA OIL & GAS (US/\) INC is an cn:ity formed Of registered under the law of Delaware has complied with .ill applicable requirements of this office, ,uld
is in zone! standing with thi.; office. This entity ks been assigned Gntit}, ide.1ti fica/ion number 20001081983 This cerlifie-ate rcOe:::!.') lncls cstllblishcd or disclosed by doculIlents
delivered to this office on paper l;-!IOllgh06126,12007 that have been posted, and by document:; :Iclivercd I[) this ollic;2-elcctrOl,icolly througi, 0612912007 (0) 11,]4:36· [ have
affixed herelo the Great Senl of the Slate of Coll)TJdo i1ild dilly ge.ncrtHtd> cxccU{cci, autllenticaied, issued, delivered <lnd communicated this oflicial ccrliflcidc ZIt Denver, ColoradlJ
on 06/2912007 (c~ 11:34:36 pursuant 10 and in lccllnlam;c with applicable law, This certificate-is ,Issigned ConliriJl<ltion Number 6821140 ' Si:cr,2:tnri DfSt:tte of the Sta:c Dr Co!or::d0
•• n'" <t ••• ~ •• n •• • .... ,~ ••••••••• ~ .... , •••• '''[!it! c{C'.:I;ifi'~l.:-""""···""· """ •••• , .... ". -••••••••
Adjacent Property Owners Board of County Conunissioners 108 8th Street, Suite 300 Glenwood Springs, CO 81602-3363 Bureau of Land Management 2425 S. Grand Ave. Suite 101 Glenwood Springs,
CO 81601 Bureau of Land Management 2850 Youngfield St. Lakewood, CO 80215-7076 Bureau of Land Management 73544 Hwy64 Meeker, Co 81648 Chevron Oil Shale Company 744 Horizon Court # 140
Grand Junction, CO 81506 Exxon Corporation P.O. Box 53 Houston, TX 77001 Mobil Oil Corporation P.O. Box 4973 Houston, TX 77210-4973 Williams Production RMT Company 1515 Arapahoe St.,
Tower 3, Suite 1000 Denver, CO 80202 Pucket Land Company 5460 Quebec St., Suite 250 Greenwood Village, CO 80111-1917 John W. Savage, Jr. P.O. Box 1926 Rifle, CO 81650-1926 Charles H.
& Thomas F. Latham P.O. Box 36 DeBeque, CO 81630-003 Gerald & Stephanie D. Oldland 14667 Rio Blanco CR5 Rifle, CO 81650 Piceance Creek Ranch LTD 11539 Rio Blanco CR5 Rifle, CO 81650
Aaron C. Woodward 19294 Highway 13 Rifle, CO 81650 Berry Petroleum Co. 950 17th Street, Ste 2400 Denver, CO 80202 Oil Shale Corporation 4001 Penbrook Street Odessa, TX 79762
) ) i\'lillcr als Owned By EnCanu: TO\\11Ship 5 South, Rru~gc 95 West, 6111 P.M. Section 4: Ni2 Scclion 15: S/2, Si2N/2 M in cr~ 1 Own cr List Section 16: :\lIlhat part lying South of
the southernmost .\1ahogany marker a.k.J . Il nfi'mJfl No. 36 Placer Mining Claim (SI2Nf2 of Sce. lG, being a portion thereof) a.k.a, Ha rtinan No. 35 Placer Mining Claim (N/2S!2 ofSce.
16. being a portiol! thereof) a.k.a. Hofrman No. 34 Placer !\llining Claim Sec tion 17: All tim! part of the Nf2S12 lyi ng SOllth of {h ~ so utb ernmost Mahog:my Illarker a.k .:1. Hoffman
No. 30 Place r Mining Claim (N/2SI2 or Sec. 17), S/2S/2 i:I.~.<J. I-lurrIH<JIII\U. 3 1 Phn:t:r tvl illillg Chilll i (S/2S12 uf Sec. 17) Scc liong 19 through 22: All SccIlon5 27 through
}4: All Township 5 Soutb. Range 96 West. G1n P.M. Section 2: W/2. tess .. mel except those portions conveyed by Union Oil Comrany of Cal ifornia to Fxxon Cnrrof,lIinli by Specia l Warranty
Deed recorded in nook 640, Page 869, Gurlicld COll IHY, Colo rado. Sections 3 through 5: All Sections 8 through 10: All Sectiull 11: WI2, k ~s ,tJllI cXl,:Cplll!vSt.: pUiliulIs I.:or
r\l:yt:d by Union Oil Company or Cal irornia to Exx on Corpo rat ion by Spec ial Warran ty Deed recorded in Gook 640. Page 869. G:.t rficld Count y, Colorado ~e CIIOJl 14: W/1, SE/4
, W/1 Ni.!/4 Sections 15 allli 16: All Scction 17: Ei2 Sections 21 through 28: All Section 31 N12NI2, less and except the West 32 rods of the NW/4NW/4 containing 16 acres, more or less
Se ction 3'1: NW/IIN\V/tI , NE/II Section 35: N/2 SI.:l:tiulI 36: N/2, N/2SE/4, S/2SE!4 Iyirlg c:..r slc rly ufPilritdltltc Creek Im!.ll s hi[! (, Soulh. Range 96 West. 6th P .~\'1.
Section 1: Lots J to 14, inclusive Sections 2 and 3: All Seetio ll 4 : That portion of the sccr ion r:~S I nr P;lr:lc:hul(, e n'!'k Sections 9 and 10: all Section 15: WI2 , Wl2Ef2 Section
16: All Section 2 1: E/2NW/4, NE/4, SE/4. SE!4SW/4 Section 22: N/2. S\V!4 Scctioll 27: W12NW4 Section 28: NW/4, NE/4SEl4 Minerals OWll ed hy B ur eau of I .:m d M,l l1 :l g('lllcnl :
Township 4 Sou!l!J<anec 95 West. 61h P.M. Scctiom 19 <"Illd 20: " II Section 21: WSW, NE/N W/4, NE/4, N/2SF./4, SE/4SE!4 Sect ions 22 through 27 : All Section 28: S/2, S!2S/2, NE/4NE/4,
NW/4NW/4 Sections 29 through 34: All Section 35: N/2 Section 36: N/2 Towns hip 4 South, Ran2e 96 Wes!, 6th P.M. Section 22: S/2, NW/4, W12NE/4 Section 23: S/2, NE/4, F12NW/4 Secliolls
24 through 27: A 11 Section 28: El2 SCClion 33: SEl4, Si2NE/4, NE/4NE/4 Scctions 34 and 35: All Sec tion }6: N/2, SW!4