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EXHIBIT B
<br /> Permitted Exceptions
<br /> I. Any and all rights of the McCann Ditch Company relating to McCann Ditch Or Canal,and
<br /> Third Creek,which traverse subject property or are described as a boundary of subject property,including but
<br /> not limited to ditch maintenance and access rights to lands adjoining the ditch or canal.
<br /> 2. Utility Easement as granted to the Colorado Telephone Company In Instrument Recorded
<br /> April 6, 1905 in Book 15 at Page 310.
<br /> 3. Utility Easements as granted to the Mountain States Telephone And Telegraph Company in
<br /> instruments recorded March 10, 1931, in Book 194 at Pages 426,433 and 441_
<br /> 4. Reservation of Irrigation Waste Water as set forth in Deed recorded October 27, 1969 in
<br /> Book 1554 at Page 414.
<br /> 5. Oil And Gas Lease recorded June 11, 1970 in Book 1604 at Page 311 and any assignments
<br /> thereof or interests therein.conveyance deeds recorded June 6, 1990 in Book 3680 at Pages 598 and 627.
<br /> Amendments thereto recorded December 17,2007 under Reception Nos.2007000115066 and
<br /> 2007000115067.Note:request for notification of surface development in connection therewith recorded March
<br /> 31,2006 under Reception No.20060331000327150.Note:the present ownership of the leasehold created by
<br /> said lease and other matters affecting the interest of the lessee are not shown herein.
<br /> 6. Oil And Gas Lease Between John Arends And Stella F.Arends And Martin J.Freedman,
<br /> recorded June 16, 1970 in Book 1605 at Page 303 and any and all assignments thereof,or interest therein.
<br /> production affidavit recorded August 27, 1985 in Book 3041 at Page 104 and designation of pooled unit
<br /> recorded May 23, 1986 in Book 3149 at Page 434.Affidavit Of Production And Extension And Pooling
<br /> Declaration recorded August 7,2015 under Reception No.2015000064934.Note: requests for notification of
<br /> surface development in connection therewith recorded March 31,2006 under Reception No.
<br /> 20060331000327150,20060331000327160 and 20060331000327220.Note:the present ownership of the
<br /> leasehold created by said lease and other matters affecting the interest of the lessee are not shown herein.
<br /> 7. Terms,reservations,conditions,provisions,burdens,obligations and easements as to the
<br /> easements set forth and granted and/or reserved in instruments recorded August 13, 1973 in Book 1881 at Page
<br /> 833,June 17, 1980 in Book 2465 at Page 156,April 16, 1982 in Book 2637 at Page 262,July 22, 1982 in Book
<br /> 2663 at Page 195,December 6, 1982 in Book 2699 at Pages 938 and 940 and September 26, 1994 in Book
<br /> 4396 at Page 269.
<br /> 8. Terms,conditions,provisions,burdens and obligations as set forth in Memorandum Of
<br /> Contract recorded October 03, 1974 in Book 1956 at Page 859.
<br /> 9. Terms,conditions,provisions,burdens and obligations as set forth in Revised Findings And
<br /> Ruling Of The Referee And Decree Of The Water Court recorded July 15, 1977 in Book 2158 at Page 121.
<br /> 10. Terms,conditions,provisions,burdens and obligations as oil,gas or any other mineral
<br /> interests as set forth in instruments recorded May 21, 1979 in Book 2347 at Page 987,December 2,2002 under
<br /> Reception No.C1060016 and February 12,2003 under Reception No.C1094128.
<br /> 11. Terms,conditions,provisions,burdens,obligations and easements as set forth and granted in
<br /> easement for ingress and egress recorded July 07, 1980 in Book 2470 at Page 554.
<br /> 12. Oil And Gas Lease between R.C.Nauman and Charles R.Greenhalgh and Petrogulf Energy
<br /> Company,recorded December 18, 1981 in Book 2608 at Page 859 and any and all assignments thereof,or
<br /> interest therein. designation of pooled unit in connection therewith recorded May 23, 1986 in Book 3149 at
<br /> Page 434.Note: notice of oil and gas interests and surface use in connection therewith recorded December 6,
<br /> 2000 under Reception No.C0738558.Note:the present ownership of the leasehold created by said lease and
<br /> other matters affecting the interest of the lessee are not shown herein.
<br /> 13. Tenns,conditions,provisions,burdens,obligations and easements as to easement as set forth
<br /> B-1
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