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<br /> �^r.�xA�„�,�,�, I�Pf�-rrad�e�i �ttcu,n�afiiraia,�e�. �'Ji�hout ixi �afly ��ay lii�nititt�; tlno
<br />= � px�ovi�ions of Smction�.1 ubove, �the Aeeot9 a�re aeei�ned aaid coav0yed by Ae�i�,ma�r nnd
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<br /> _ _' aGCeptod by�eignee expreasly subjec�Co ttae�ollovv�ng(Lhe"Peaxnitted Encumbruncea"): ��
<br />�:;�;mix"�9��i�:r�•-; .:•...:_
<br /> (i) liena for tr�ce� not yet due or, 9f due, bain� ch�all�n�ed in �ood f�ith by ��"
<br />.-'��'-°=;�r;�����u aPProprlate proceedings; `-_�=-
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<br /> .y�;,, :•��,_ :.S�{:',,:� (u) materialmaai'8. mechanics' and ot1�eP eimilar lieno or char�ea arising in the �__
<br /> ordinary cowr��off business for oblig�atione that are not dol.inquent atxd that w►�ll ,- .
<br /> ,- . . b8 pFll(�OY�18QYiAx'�8f� lh t�18 OPf�IA�T�I CO'�11'Bfl Of bU81AC88 Ol� if deli�e�uont. tla�t A��•�-
<br />-= are baing cran�+�tieri ia�o�d faith in the ordinary cour�� of 6ueir�ess; �'�_ -
<br /> �.,: .�t', ---
<br /> �� `'�`�` �n (iii) sasements� ri�hts-of-way, aervitudes,pearmit�� eurface le�ses, aad other rights °
<br />- ' � �� � .' in respect of o��'ace operatione that do not materially intorf�re with Aaeignor'e �_
<br />� _ � ,:,:�;;ti operatioQe of��ae portion of the Assete burd�ned thereby; _-
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<br />- ' (iv) pighta rQ��rvezi to or veet�d in eray govornane�tAl a�thoxity t,� ���ntxn� pr a•=
<br /> �;��,�.. . , regulate any of tho Wolls ar Unite and all applicable lawa� rulee, rugulatio�e ---��
<br /> " � and o�dare oF auch authoritiea eo long ae the eame:
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<br />�� '`' � � (s) do nat decreese Aeeignor'�NRI below the NRI eltown in��,se the _-
<br /> � , ceee me�y►be,or increaee Aseignor'o WI above the WI ehowxi In �$1t�, -=-_-
<br />;� ._ ae the case may be,without at leset a proportionate incresse in Aeeignor'e �
<br /> NRI, or .�..
<br /> . (b) create any liene in reapect of such Welle or Unita; =
<br /> ��.`.� (v) any T�itle Defecte that ABaignee may have exproasly waived in writing or wluch
<br /> ' � ,. are doemed to have been waived under Article b 0 of the Agreement; --
<br /> � " (vi) liene arieing under operating agrQement8�unitization and gooling agreemente�
<br /> � � orders and attttutes and producCiom ealea contracte eecuring amounte not yet �__ -
<br /> - � due or,if due, being contested in gaod faith in the ord'agn�iry caurse of buainess; _=—
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<br /> '�'' " '' � ' ' (vii) t�fl terms and conditionH of all contracts and agreements relating to the �'�`"`
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<br /> Leaees,Welle and Unita,including,without li�atitation,exploration agreements, �..r._
<br /> .�;,��;,,,;,,,,,,,,�;.:`� � gas aelea contracte, pracessing agreements, fArn���,�, farmouts. ope�ating �:�r:'
<br /> �` `'' ''��- °� u eemea�te, �nd ri ht-of-wa a eome�.tie to the extent such term� end '�"--
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<br /> conditions: �' _:
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<br /> ' (a) do not decrease.�SSignor's NRI below the NRI ahou�vra in�g ibit A, �s the �;w;:�
<br /> . � ' case may be,or increase Assnganor's WI above the S�VI ehown in 'bit �;�r;
<br /> '.�'11`� ea the case may be�without at leaot a proportionato increase i�Aeaignar's
<br /> - . NRI, �,�
<br />,t'.'J "` ���' ' (b) are noaanal and cuetomary in the oil and gae iaaa�n�atry, and ,. ,
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<br /> „ (c) would not conflict with any► othe�r portion of t]Ai� definition of PermiL•tad
<br />-*` Encugnbran.cea; ,
<br /> „�� . (viii) roysltiea, overriding royaltiee, net profits intere�o, praductioa payments,
<br /> r�v�reionary intereete, aud similar interests that cflm not decrease Aeaignor's
<br /> t° A113� bolow t�e NftI �liovm in Eah;bit �1.. ae the ca�se may be, or increase
<br /> ��- Aesignor's WI sbove the WI ehown in��hihit A, ea the case Ynay be,without
<br /> �_, : "��� at leaet a proportionate incre�se in Aeaignor's NRI;
<br /> � �� (ix) conveational rights of reassigament requirnig notice to the holders of the
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<br /> rignte prior to surrenaeruig or reieseing a ieaseno�a ,nie�a�;
<br /> � (�c) calle on production oxercieable ot►�y at pricee eubatnntial�y eqtiivalent to then
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<br /> � cairrent fair market value;
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