CREDIT AGREEMENT dated June 30, 2010 BETWEEN REEF OIL & GAS INCOME AND DEVELOPMENT FUND III, L.P., as Borrower AND TEXAS CAPITAL BANK, N.A., as LenderCredit Agreement • July 9th, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas • Texas
SECURITY AGREEMENTSecurity Agreement • July 9th, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas • Texas
This SECURITY AGREEMENT is made and entered into as of June 30, 2010, by Reef Oil & Gas Income and Development Fund III, L.P., a Texas limited partnership (“Debtor”), with its address at 1901 N. Central Expressway, Suite 300, Dallas, Texas 75080, in favor of Texas Capital Bank, N.A., a national banking association (“Secured Party”), with its address at 2000 McKinney Avenue, Suite 700, Dallas, Texas 75201. Certain terms used herein are defined in Article I hereof
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • July 9th, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas • Texas
This PURCHASE and SALE AGREEMENT (the "Agreement") is made this 23rd day of June, 2010, by and between LETT OIL & GAS, L.P., a Texas limited partnership whose address is 301 Commerce Street, Suite 1830, Ft. Worth, Texas 76102 ("Seller"), and RCWI, L.P., a Texas limited partnership located at 1901 North Central Expressway, Suite 300, Richardson, Texas 75080 (the "Buyer"). The Buyer and Seller may be collectively referred to herein as the "Parties" and individually as a "Party."
January 19, 2010Purchase and Sale Agreement • January 22nd, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas
Reference is made to that certain Purchase and Sale Agreement dated December 18, 2009 and effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea Properties, Ltd. (“Seller”) providing for the purchase by Buyer of certain assets of Seller (the “PSA”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Purchase Agreement.
CONSULTING AGREEMENTConsulting Agreement • October 2nd, 2009 • Reef Oil & Gas Income & Development Fund III LP • Texas
This Consulting Agreement (the “Agreement”) is entered into effective as of September 1, 2006 (the “Effective Date”), between Reef Exploration, L.P., a Texas limited partnership (the “Company”) and William R. Dixon, dba, DXN Associates, (the “Consultant”). Company and Consultant may be referred to collectively in this Agreement as the “Parties” or individually as a “Party.” The Parties desire to enter into an agreement setting forth the terms and conditions under which Consultant will provide services to Company. For and in consideration of the mutual covenants and agreements set out in this Agreement, the Parties agree as follows:
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • October 2nd, 2009 • Reef Oil & Gas Income & Development Fund III LP • Texas
This instrument may be executed by ASSIGNOR and ASSIGNEE in duplicate originals, but they shall constitute but one assignment.
SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF REEF OIL & GAS INCOME AND DEVELOPMENT FUND III A Texas Limited PartnershipAgreement of Limited Partnership • October 2nd, 2009 • Reef Oil & Gas Income & Development Fund III LP • Texas
January 19, 2010Letter Agreement • January 22nd, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas
Reference is made to that certain Purchase and Sale Agreement dated December 18, 2009 and effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea Properties, Ltd. (“Seller”) providing for the purchase by Buyer of certain assets of Seller (the “PSA”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the PSA.
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • May 23rd, 2011 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas
This First Amendment to Credit Agreement (“Amendment”) is entered into between TEXAS CAPITAL BANK, N.A., a national banking association, as lender, and Reef Oil & Gas Income and Development Fund III, L.P., a Texas limited partnership, as borrower, and is dated May 20, 2011. Terms defined in the Credit Agreement between such lender and such borrower dated June 30, 2010, (as amended prior to the date of this Amendment, the “Credit Agreement”), are used herein as therein defined, unless otherwise defined herein or the context otherwise requires.
THIRD AMENDMENT TO CREDIT AGREEMENTCredit Agreement • May 15th, 2013 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas
This Third Amendment to Credit Agreement (“Amendment”) is entered into between Texas Capital Bank, N.A., a national banking association, as lender, and Reef Oil & Gas Income and Development Fund III, L.P., a Texas limited partnership, as borrower, and is dated April 30, 2013. Terms defined in the Credit Agreement between such lender and such borrower dated June 30, 2010, (as amended prior to the date of this Amendment, the “Credit Agreement”), are used herein as therein defined, unless otherwise defined herein or the context otherwise requires.
CASINGHEAD GAS CONTRACT SLAUGHTER PLANT COCHRAN, HOCKLEY AND TERRY COUNTIES, TEXASCasinghead Gas Contract • October 2nd, 2009 • Reef Oil & Gas Income & Development Fund III LP
THIS AGREEMENT, made and entered into as of the 1st day of January, 1978, by and between Amoco Production Company, hereinafter referred to as “Seller”, and AMOCO PRODUCTION COMPANY, individually to the extent of its undivided interest in the Slaughter Gasoline Plant and as agent for the other owners of interest therein to the extent of each of their respective undivided interests in said Plant, hereinafter referred to as “Buyer.”
January 19, 2010Purchase and Sale Agreement • January 22nd, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas
Reference is made to that certain Purchase and Sale Agreement dated December 18, 2009 and effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea Properties, Ltd. (“Seller”) providing for the purchase by Buyer of certain assets of Seller (the “PSA”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the PSA.
