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<br />d. The following matters: <br />The reservation of oil and gas mineral rights, as reserved by R. C. <br />Nauman and Charles R Greenhalgh in instrument recorded February <br />19, 1987 in Book 3276 at Page 468. <br />ii. Oil and Gas Lease recorded September 21, 1982 in Book 2679 at <br />Page 237. <br />iii. Right-of-way as granted to Vessels Gas Processing Ltd. as set forth <br />in instrument recorded March 25, 1985 in Book 1062 at Page 1582 <br />and Reception No. 02003074 in the records of the Gerk and <br />Recorder Weld County, Colorado. <br />iv. Easements granted to Urban Drainage and Flood Control District in <br />instrumentr recorded July 3, 1990 in Book 3688 at Page 770, and <br />December 14, 1993 in Book 4215 at page 947. <br />v. Utility easements as granted to Mountain States Telephone and <br />Telegraph Co. as set forth in instruments recorded September 6. <br />1961 in Book 932 at Page 285 and March 10, 1930 in Book 194 at <br />Pages 441 and 443. <br />vi. Easement as granted to Cascade Oil 8c Gas, Inc. as set forth in <br />instrument recorded November 7, 1994 in Book 4420 at Page 151. <br />vii. An easement for pipe line right-of-way as granted to Sinclair Pipeline <br />Company in the insfivment recorded March 26, 1964 in Book 1140 <br />at Page 99 <br />viii. Aright-of-way easement as granted to the City of Northglenn in <br />instrument recorded May2, 1984 in Book 2867 at Page 270. <br />ix. Easement agreement as granted to the Central Colorado Water <br />Conservancy District as evidenced in instrument recorded December <br />6, 1996 in Book 4894 at Page 355. <br />Additional exceptions may be included in this list or listed exceptions may be deleted pending the <br />final description of the Property after the parties agree to the final configuration of the Reservoir. <br />Such changes will be made by formally amending this Agreement. <br />Hammer <br />Option & Purchase Agreement <br />December 11, 2000 <br />Page 17 of 29 <br />