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14. By Assignment dated February 9, 1987, effective January 1, 1987, recorded February 19,
<br />1987 at Reception No. 2088908, Aceite Energy Corporation and Creek Cattle Company assigned
<br />to The Spool Trusts, all right, title and interest in and to Oil and Gas Lease No. 1 above.
<br />15. By Assignment dated January 27, 1987, effective January 1, 1987, recorded February 19,
<br />1987 at Reception No. 2088909, Gibbs Petroleum Corporation assigned to The Spool Trusts, all
<br />right. title and interest in and to Oil and Gas Lease No. 1 above.
<br />lb. By Assignment dated January 26, 1987, effective January 1, 1987, recorded February 19,
<br />198? at Reception No. 2088910, Don B. Sheffield assigned to The Spool Trusts, all right, title and
<br />interest in and to Oil and Gas Lease No. 1 above.
<br />17. By Partial Assignment dated May 29, 1992, recorded July 2, 1992 at Book 1341, Reception
<br />No. 2294085, Peter C. Bowes; Ray A. Snead, Jr.; and, Bonnie Rhea Craig, Trustees of the Spools
<br />Trusts (farmed March 18, 1966 under Trust Indenture of The Spool Trusts filed. in Volume 1453,
<br />pages 339-34$, Potter County, Texas, and Book 8$7, Reception No. 1808745, Weld County,
<br />Colorado), assigned to Aceite Energy Corporation,. all right, title and interest in and to Oil and Gas
<br />Lease No. l above as to, among other, the W12 of Section 25, T3N, R64W, reserving a 5% of 100%
<br />ovemding royalty interest. This assignment is subject to Farmout Agreement dated October 1,1986
<br />between the parties as extended and amended by Letter Agreements dated 3anuary 14, 1987,
<br />November 17, 1998, June $, 1988, December 12, 1988, September 13, 1989, June 14, 1990,
<br />September 11, 1990, September 9, 1991 and September 27; 1991 and Amendment and Agreement
<br />effective February 15, 1992 between the parties herein and Freedom Energy, Inc. This assignment
<br />is effective March 4,1992 for the W12 of Sec. 25.
<br />18. By Partial Assignment dated Navernber 5, 1992, recorded December 9, 1992 at Book 1362,
<br />Reception No. 2313953, Peter C. Bowes; Ray A. Snead, Jr.; and, Bonnie -Rhea Craig, Trustees of
<br />the Spools Trusts (formed March 18, 1966 under Trust Indenture of Tlie Spool Trusts filed in
<br />Volume 1053, pages 339-348, Potter County, Texas, and Book 887, ReceptionNo.1808745, Weld
<br />County, Colorado), assigned to Aceite Energy Corporation, all right, title and interest in and to Oil
<br />and Gas Lease No. 1 above as to, among other, the SE/4 of Section 2S, T3N, R64W, reserving a S%
<br />of 100% overriding royalty interest. This assignment is subjeetto Farmout Agreement dafied October
<br />1,1986 between the parties as extended and amended by Letter Agreements dated January 14,1987,
<br />November 17, 1998, June 8, 1988, December 12, 19$8, September 13, 1989, June 14, 1990,
<br />September 11, 1990, September 9, 1991 and September 27, 1991 and Amendment and Agreement
<br />efTective February 15, 1992 between tl~e parties herein and Freedom Energy, Inc. This assignment
<br />is effective September 27, 1992 for the SF/4 of Sec. 25.
<br />19. By Assignment dated January 23, 1996, recorded July 3,1.996 at Book I5S4, Reception No.
<br />2499622, Creek Cattle Company assigned to Peter C. Bowes, Ray A. Snead, Jr. and Bonnie Rhea
<br />Crain, as Trustees of tl~e Spool Trusts, all right, title and interest in and to Oil and Gas Lease 1~'0. 1
<br />above.
<br />"lt is distinctly understood gnu agr~d as e~=:acnced by your
<br />accz~,tanee of this GpiniGn ~"at Petroteum Development
<br />Corporation and its subsidiaries rr? in no ~vay liable tG any
<br />;~+~rr~~n; firm of corporation fcsr ary i~ss er inconvenience
<br />~:-~~.i~!z~~ by tha ys!? at or r~ir~rwgp !ire+n this Gp?r~fen °
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