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March 5,2014 <br /> Re: Drilling and Division Order Tite Opinion <br /> NCLP PC AAO4-63-1HN Well and the <br /> NCLP PC AAO4-64-1 HN Well (the "Subject Walls'r) <br /> TON, R63W, Section 3: S/2 <br /> T6N, R63W, Section 4: S/2 <br /> Weld County, Colorado <br /> DRILLING AND DIVISION ORDER TITLE OPINION <br /> Covering <br /> Townshi. 8 North Ran! 63 West 61h P.M. <br /> Section 3: 3/2 <br /> Section 4: 3/2 <br /> Weld County, Colorado <br /> Containing 635.82 acres, <br /> Referred to herein as the "captioned lands" <br /> IV. UNRELEASED MINERAL DEEDS OF TRUST: The Prior Opinions included descriptions of <br /> unreleased deeds of tnist40 encumbering the mineral interests in the captioned lands. There were <br /> no additional unreleased mineral deeds of trust identified in the materials examined for this <br /> Opinion. <br /> REQUIREMENT: You should ensure that any deeds of trust encumbering the mineral <br /> interests in the captioned lands do not affect the disbursements to the parties credited with <br /> an interest in this Opinion. For maximum title protection, you should obta;n written <br /> instructions from the lenders for payment of proceeds <br /> • Page 2 <br />