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60 ASSIGNMENT OF PIPELINE RIGHT OF WAY AND EASEMENT This Assignment of Pipeline Right of Way and Easement ( Assignment ) is made by and between Granite Peak Development, L.P., a Wyoming limited partnership ( Granite Peak ) whose address for the purposes hereof is 1300 Venture Way, Suite 100, Casper, Wyoming 82609, Attention: Dan W. Guerttman, and Casper Crude to Rail, LLC, a Wyoming limited liability company ( CCR ) whose address for the purposes hereof is 3730 Kirby, Suite 888, Houston, Texas 77098, Attention: Randall D. Balhorn. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Granite Peak hereby conveys, assigns and transfers to CCR all of the rights, titles and interests of Granite Peak, as Grantee, in, to and under that certain Pipeline Right of Way and Easement instrument (the Easement Agreement ) dated August 14, 2013 by and between Natrona County, Wyoming, a political subdivision of the State of Wyoming ( County ), as Grantor, and Granite Peak, as Grantee, the Easement Agreement being recorded on August 14, 2013 as Instrument No in the Official Records of Natrona County, Wyoming. For the purposes of this Assignment, all capitalized words that are not defined herein shall have the meanings given them in the Easement Agreement. Granite Peak represents and warrants to CCR that (i) the Easement Agreement has not been modified; (ii) the Easement Agreement is in full force and effect; and (iii) no notice of default on the part of Granite Peak under the Easement Agreement has been given to Granite Peak by the County, and Granite Peak has no knowledge or notice of any fact or condition that, with the giving of notice and the expiration of any applicable cure period provided for under the Easement Agreement, would result in an event of default under the Easement Agreement. Granite Peak agrees to indemnify and hold harmless CCR from and against any and all losses, costs or expenses (including, without limitation, reasonable attorneys fees and disbursements) resulting by reason of the failure of Granite Peak to perform any of its obligations as Grantee under the Easement Agreement prior to the effective date of this Assignment. CCR assumes all obligations of Granite Peak as Grantee under the Easement Agreement arising from and after the effective date of this Assignment. Furthermore, as required by the terms of Section K. of the Easement Agreement, CCR agrees as follows: CCR, OR ITS ASSIGNS, SHALL BE RESPONSIBLE FOR ANY AND ALL DAMAGE TO PERSONS OR PROPERTY CAUSED, IN WHOLE OR IN PART, BY CCR S OPERATION OF THE PIPELINE, OR ANY RIGHTS GRANTED UNDER THE EASEMENT AGREEMENT. CCR HEREBY RELEASES AND SHALL DEFEND, INDEMNIFY AND HOLD HARMLESS COUNTY, COUNTY S TRUSTEES, AGENTS, SUCCESSORS AND ASSIGNS (COLLECTIVELY THE INDEMNIFIED PARTIES ) FROM AND AGAINST ALL LIABILITY, DAMAGES, LOSSES, SUITS, CLAIMS, ACTIONS OR INJURY, DEATH, PENALTIES OR CAUSES OF ACTION, COSTS AND EXPENSES OF WHATSOEVER / MWINKLER September 26, 2013
61 NATURE (INCLUDING REASONABLE ATTORNEYS FEES) (COLLECTIVELY, LIABILITY ) TO PERSONS OR PROPERTY THAT OCCUR DURING THE TERM OF THE EASEMENT AGREEMENT AND ARE CAUSED BY OR ARISE OUT OF OR IN CONNECTION WITH ANY INSTALLATION, CONSTRUCTION, OPERATION, MAINTENANCE, INSPECTION, REPAIR, REPLACEMENT OR ALTERATION OF THE PIPELINE, THE EASEMENT AREA, OR THE TEMPORARY CONSTRUCTION EASEMENT AREA AND RELATED APPURTENANCES, EXCEPT TO THE EXTENT RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE INDEMNIFIED PARTIES. CCR SHALL INDEMNIFY THE INDEMNIFIED PARTIES IN THE EVENT OF THE ORDINARY OR CONCURRENT NEGLIGENCE OR STRICT LIABILITY OF THE INDEMNIFIED PARTIES. THIS INDEMNITY INDEMNIFIES THE INDEMNIFIED PARTIES AGAINST THEIR OWN NEGLIGENCE. IN THE EVENT OF INDEMNIFICATION HEREUNDER, THE INDEMNIFIED PARTIES MAY HAVE THE OPTION OF EITHER ACCEPTING LEGAL REPRESENTATION AFFORDED BY CCR OR ITS INSURANCE CARRIER, OR OF HIRING ITS OWN COUNSEL REASONABLY SUITABLE TO CCR, AT CCR S EXPENSE. THIS INDEMNITY OBLIGATION SHALL SURVIVE THE TERMINATION OR EXPIRATION OF THIS EASEMENT FOR A PERIOD OF TEN (10) YEARS. The terms and provisions of this Assignment shall be binding upon and inure to the benefit of the respective parties hereto and their successors, assigns and legal representatives. This Assignment shall be governed by, and construed in accordance with, the laws of the State of Wyoming. This Assignment may be executed in multiple counterparts, each of which shall be deemed an original hereof and all of which, when taken together and evidencing the execution by each of Granite Peak and CCR, shall constitute a complete and binding agreement. Each party agrees that its signature and acknowledgment page may be detached from any one such counterpart and attached to an identical counterpart so that there is one counterpart containing the original signatures of both Granite Peak and CCR. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURES ON FOLLOWING PAGE] / MWINKLER September 26, 2013
62 In witness of the foregoing, Granite Peak and CCR have executed this Assignment as of the date of the acknowledgments hereto, to be effective for all purposes as of October, GRANITE PEAK: Granite Peak Development, L.P., a Wyoming limited partnership By: Granite Peak Management, Inc., a Wyoming corporation, its general partner By: Name: Title: STATE OF WYOMING COUNTY OF NATRONA The foregoing instrument was acknowledged before me by, as of Granite Peak Management, Inc., a Wyoming corporation, and said corporation executed this instrument as general partner on behalf of Granite Peak Development, L.P., a Wyoming limited partnership, this day of October, Witness my hand and official seal. [Notary Seal] Notary Public, State of Wyoming [SIGNATURE PAGE OF CCR ON FOLLOWING PAGE] / MWINKLER September 26, 2013
63 CCR: Casper Crude to Rail, LLC, a Wyoming limited liability company By: Casper Crude to Rail Holdings, LLC, a Delaware limited liability company, its Sole Member By: Cogent Energy Solutions, LLC, a Delaware limited liability company, its Lead Manager By: Randall D. Balhorn, Manager STATE OF COUNTY OF This instrument was acknowledged before me by Randall D. Balhorn, as Manager of Cogent Energy Solutions, LLC, a Delaware limited liability company and the Lead Manager of Casper Crude to Rail Holdings, LLC, a Delaware limited liability company, Casper Crude to Rail Holdings, LLC being the Sole Member of Casper Crude to Rail, LLC, a Wyoming limited liability company, in the capacity herein set forth and on behalf of Casper Crude to Rail, LLC, this day of September, [Notary Seal] Witness my hand and official seal. Notary Public, State of [SIGNATURE PAGE TO CCR TO ASSIGNMENT OF PIPELINE RIGHT OF WAY AND EASEMENT; CONSENT TO ASSIGNMENT BY NATRONA COUNTY ON FOLLOWING PAGE] / MWINKLER September 26, 2013
64 CONSENT TO ASSIGNMENT OF PIPELINE RIGHT OF WAY AND EASEMENT Natrona County, Wyoming, a political subdivision of the State of Wyoming, executes this Consent for the purpose of evidencing that the conditions of Section K. of the Easement Agreement have been satisfied and that the assignment from Granite Peak to CCR is effective. NATRONA COUNTY, WYOMING, a political subdivision of the State of Wyoming STATE OF WYOMING COUNTY OF NATRONA By: Name: Title: Natrona County Commissioner The foregoing instrument was acknowledged before me by, as a County Commissioner of Natrona County, Wyoming, a political subdivision of the State of Wyoming, on behalf of Natrona County this day of October, Witness my hand and official seal. [Notary Seal] Notary Public, State of Wyoming / MWINKLER September 26, 2013
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