Laserfiche WebLink
ASSIGNMENT OF ROYALTY INTEREST <br />AND STORAGE RIGHTS UNDER <br />SAND, GRAVEL AND AGGREGATE MINING LEASE <br />- ~ (Orr/Flall, LLC/Hall Family Pmrneiship oJFirestane, LLP and Olando Ltd. Liability Ca.) <br />_ r3This Assignment ofMining Lease Agreement (the "Agreement")'.is enteredinto September <br />2002, by and between Orr/Hall, LLC ("Assignor") and Ha11 Family'Partnership of <br />-,. _, Firestone, LLP (Hall Family) and Olando Ltd. Liability Co. (Olando) (Hall Family and-Olando <br />collectively "Assignee"). <br />Background of Agreement. The following background statements are made to aid in the <br />understanding and interpretation of this Assignment: <br />1. On May 22, 1998, Assignor signed a Sand Gravel and Aggregate MiningLease inwhiFhBLC <br />Development, LLC is the Landlord and Assignor is the' Tenant (the AMining Lease@). <br />-. 2. On Augusf 27, 1998, Assignor assigned the Mining Lease to Hal]-Irwin Construction Co., <br />-_ whose name is now Hall-Irwin Gorporatiam(Hall-Irwin), and retained a Foyalty3ntetest and- <br />_.. ... <br />- storage nghts. - <br />3. Assignor desires to assign the royalty interest and storage rights under the the Mining Lease <br />to Assignee, as tenants in common. <br />NOW THEREFORE, in consideration of the mutual promises and covenants contained <br />___ herein, Assignor hereby assigns to Assignee all of its right, title and interest in and to the Mining. <br />Lease under the following terms and conditions: <br />1. Incorporation of Recitals by Reference. All of the recitals are incorporated herein by <br />this reference and made a part of the agreement of the parties. <br />2. Royalties. All royalties payable to Orr/Hall are assigned to Hall Family- and Olando <br />effective on the date of this Assignment. <br />3. Complete Assignment. All interest of Orr/Hall under the May 22, 1998, Mining Lease <br />and August 27, 1998, Assignment are hereby assigned to Halt Family and Olando <br />including any storage right owned by Orr/Hall under the Mining Lease and Assignment. <br />4. Miscellaneous. <br />A. This Agreement shall inure to the benefit of and shall be binding on the heirs, legal <br />representatives, successors and assigns of the parties. <br />Page 1 of 3 <br />~~~~K <br />t ; <br />