Exhibit 10.4

         
COMMONWEALTH OF
  §    
PENNSYLVANIA
  §    
 
  §   KNOW ALL MEN BY THESE PRESENTS THAT:
COUNTY OF GREENE
  §    
 
  §    

ASSIGNMENT OF ROYALTY INTEREST
THIS ASSIGNMENT OF ROYALTY INTEREST (this “Assignment”) from Eastern Marketing
Corporation, a West Virginia corporation with offices at 4643 South Ulster
Street, Suite 100, Denver, Colorado 80237-2867 (“Assignor”), to The Bank of New
York Mellon Trust Company, N.A., a national banking association organized under
the laws of the State of New York, with offices at 919 Congress Avenue,
Suite 500, Austin, Texas 78701, as trustee (the “Assignee”), acting not in its
individual capacity but solely as trustee of the ECA Marcellus Trust I (the
“Trust”) under that certain Amended and Restated Trust Agreement dated as of
July 7, 2010, (the “Trust Agreement”) is delivered to be effective as of 7:00
a.m., Eastern Time, April 1, 2010 (the “Effective Time”). Assignor and Assignee
are sometimes referred to herein individually as a “Party” and collectively as
“Parties.”
Recitals
Assignor is the owner of (i) a certain Royalty Interest (as defined in the PDP
Conveyance) assigned by Energy Corporation of America and further described in
that certain recorded instrument entitled “Term Overriding Royalty Interest
(PDP)” (the “PDP Conveyance”), which PDP Conveyance is described in Exhibit A
hereto, and (ii) a certain Royalty Interest (as defined in the PDP Conveyance)
assigned by Energy Corporation of America and further described in that certain
recorded instrument entitled “Term Overriding Royalty Interest (PUD)” (the “PUD
Conveyance” and, together with the PDP Conveyance, the “Conveyances”), which PUD
Conveyance is described in Exhibit A hereto. All persons are referred to the
Conveyances for the terms thereof and for specific descriptions of the Royalty
Interest created under each Conveyance.
NOW THEREFORE, for the sum of $100.00 paid and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1.   Conveyance. Effective as of the Effective Time, Assignor, for good and
valuable consideration in hand paid by Assignee, hereby GRANTS, BARGAINS, SELLS,
ASSIGNS, TRANSFERS, CONVEYS, SETS OVER AND DELIVERS, without recourse or
warranty (except the special warranty provided below) or representation of any
kind, all of its right, title, and interest in and to the Royalty Interest (as
defined in the PDP Conveyance) and the Royalty Interest (as defined in the PUD
Conveyance) (collectively, the “Transferred Interests”) and any and all of the
other rights arising from or under the Conveyances with respect to the
Transferred Interests (collectively, the “Assigned Rights”).

 

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    Assignor hereby binds itself, its successors and assigns to warrant and
forever defend the title to the Transferred Interests herein granted, conveyed,
assigned, and transferred unto Assignee, its successors and assigns, against the
lawful claims and demands of every person whomsoever claiming or to claim the
same or any part thereof, by, through or under Assignor, but not otherwise.   2.
  Assumption. Assignee hereby assumes the express obligations of the “Assignee”
under the Conveyances with respect to the Assigned Interests to the extent such
obligations arise under the terms of the Conveyances.   3.   Counterparts. This
Assignment may be executed in any number of counterparts, and each such
counterpart hereof shall be deemed to be an original instrument, but all of such
counterparts shall constitute for all purposes one Assignment. As between the
Parties, any signature hereto delivered by a Party by facsimile transmission or
email pdf shall be deemed an original hereto.   4.   Governing Law. WITHOUT
GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PRINCIPLES THAT WOULD CAUSE THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION, THIS ASSIGNMENT SHALL BE
CONSTRUED UNDER AND GOVERNED BY THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA
(EXCLUDING CHOICE OF LAW AND CONFLICT OF LAW RULES).   5.   Limitation of
Liability. It is expressly understood and agreed by the parties hereto that
(i) this Assignment is executed and delivered by the Assignee not individually
or personally, but solely as trustee to the Trust in the exercise of the powers
and authority conferred and vested in it and (ii) under no circumstances shall
the Assignee be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by the Trust under this
Assignment.

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     IN WITNESS WHEREOF, each Party has caused this Assignment to be executed in
its name and behalf and delivered on the date or dates stated in the
acknowledgment certificates appended to this Assignment, to be effective as of
the Effective Time.

            EASTERN MARKETING CORPORATION
      By:   /s/ Donald C. Supcoe      Name: Donald C. Supcoe     
Title: President   

Signature Page to Assignment of Royalty Interest

 

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            ECA MARCELLUS TRUST I
      By:   The Bank of New York Mellon Trust Company, N.A.             By:  
/s/ Michael J. Ulrich      Name: Michael J. Ulrich      Title: Authorized
Signatory   

Prepared by:
Vinson & Elkins LLP
1001 Fannin Street
Suite 2500
Houston, TX 77002-6760
Attention: Thomas Herbert
Signature Page to Assignment of Royalty Interest

 

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THE STATE OF COLORADO
  §
 
  §
COUNTY OF DENVER
  §

     On this, the 7th day of July, 2010, before me Julie Ann Kitano, a Notary
public, personally appeared Donald C. Supcoe, who acknowledged himself to be the
President of Eastern Marketing Corporation, a West Virginia corporation, and
that he as such President, being authorized to do so, executed the foregoing
instrument for the purposes therein contained by signing the name of the
corporation by himself as President.
     In witness whereof, I hereunto set my hand and official seal.

     
[SEAL]
  /s/ Julie Ann Kitano 
 
   

       
My Commission Expires: 4-26-2014
     
 
     

 

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THE STATE OF COLORADO
  §
 
  §
COUNTY OF DENVER
  §

     On this, the 7th day of July, 2010, before me Julie Ann Kitano, a Notary
public, personally appeared Michael J. Ulrich, who acknowledged himself to be
the authorized signatory of The Bank of New York Mellon Trust Company, N.A., a
national banking association and Trustee of ECA Marcellus Trust I and that he as
such authorized signatory, being authorized to do so, executed the foregoing
instrument for the purposes therein contained by signing the name of the
national banking association by himself as authorized signatory.
     In witness whereof, I hereunto set my hand and official seal.

     
[SEAL]
  /s/ Julie Ann Kitano 
 
   

       
My Commission Expires: 4-26-2014
     
 
     

 

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CERTIFICATE OF RESIDENCE
     The Bank of New York Mellon Trust Company, N.A., as grantee and Assignee
hereunder, hereby certifies that its precise address is:
919 Congress Avenue
Suite 500
Austin, Texas 78701

        ECA MARCELLUS TRUST I
    By:   The Bank of New York Mellon Trust Company, N.A.         By:   /s/
Michael J. Ulrich    Name: Michael J. Ulrich    Title: Authorized Signatory   

 

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EXHIBIT A

1.   Term Overriding Royalty Interest (PDP) between Energy Corporation of
America, as Assignor, and Eastern Marketing Corporation, as Assignee.

          County   File No.   Date Recorded
Greene County, PA
       

2.   Term Overriding Royalty Interest (PUD) between Energy Corporation of
America, as Assignor, and Eastern Marketing Corporation, as Assignee.

          County   File No.   Date Recorded
Greene County, PA
       

Exhibit A to Assignment of Royalty Interest