The Conveyance. Grantor voluntarily, irrevocably and unconditionally grants and conveys to Grantee, with respect to the Property, of the nature and character described in this document for the Conservation Purposes described above, and Grantee voluntarily accepts from Grantor, a perpetual “conservation easement” as defined by Wyoming Statutes, Section 34-1- 201(b)(i), and a “qualified conservation contribution” within the meaning of Code Sections 170(f)(3)(B)(iii), 170(h) & 1011(b), and accompanying Regulations.
The Conveyance. For and in consideration of good and valuable consideration paid by Assignee to Assignor, the receipt and sufficiency of which are hereby acknowledged, Assignor has, subject to the terms of this Conveyance, BARGAINED, SOLD, GRANTED, CONVEYED, TRANSFERRED, ASSIGNED, SET OVER, and DELIVERED, and by these presents does hereby BARGAIN, SELL, GRANT, CONVEY, TRANSFER, ASSIGN, SET OVER and DELIVER unto Assignee, all of Assignor’s right, title and interest in and to the working interest in and to the oil and gas which may be produced from the Xxxxx (the “Working Interests”). Each Assignor excepts and reserves from the Working Interests for itself and its successors and assigns a perpetual net overriding royalty interest (the “Royalty Interests”), the terms and conditions of which are set forth on Annex I attached hereto.
The Conveyance. Subject to the terms and conditions of this Agreement, Assignor agrees to transfer and convey to Assignee, and Assignee agrees to acquire from Assignor, effective as of 7:00 a.m. Central Standard Time, on December 29, 2005 (the "Effective Date"), at the location of the hereinafter defined Subject Interests (the "Effective Time"), the Net Profits Interest as hereinafter defined.
The Conveyance. To accomplish the plan pursuant to this Agreement, -------------- Charlie shall transfer by endorsing all its certificates representing its shares in the Corporation in blank and delivering same to the Corporation in order that those shares may be canceled by the Corporation. In exchange, the Corporation shall transfer by endorsing all its certificates representing all the Corporation's shares in Arkansas Resorts and Florida Resorts to the order of Charlie and delivering same to Charlie, whereupon Charlie shall then own all of the outstanding shares of Arkansas Resorts and Florida Resorts.
