Mediation Settlement AgreementMediation Settlement Agreement • April 25th, 2017 • Tel Offshore Trust • Oil royalty traders
This mediation settlement agreement is dated April 18, 2017, involves In re TEL Offshore Trust, Cause No. C-1-PB-14-001245 in the Probate Court No. 1 of Travis County, Texas and related litigation (the “Lawsuit”) and is by and among the following parties:
SETTLEMENT AGREEMENTSettlement Agreement • May 17th, 2017 • Tel Offshore Trust • Oil royalty traders • Texas
Glenn M. Karisch, attorney ad litem for certain Unit Holders of the TEL Offshore Trust specified below, RNR Production Land and Cattle Company Inc., Albert Speisman, Joyce E. Speisman, and The Bank of New York Mellon Trust Company, N.A., solely in its capacity as the Corporate Trustee of the TEL Offshore Trust, enter this Settlement Agreement. For and in consideration of the premises and the mutual promises set forth herein, the Parties agree as follows:
ASSIGNMENT OF OVERRIDING ROYALTY INTERESTSTel Offshore Trust • June 27th, 2016 • Oil royalty traders • Louisiana
Pursuant to that certain Conveyance of Overriding Royalty Interests (“Conveyance”) from Tenneco Exploration, Ltd. (“Tenneco”) to TEL Offshore Trust Partnership, a Texas general partnership (hereinafter referred to as the “Assignor”) dated January 13, 1983 but effective as of January 1, 1983 and filed in the Non-Required Filings with the Gulf of Mexico Regional Office of the Minerals Management Service (now called the Bureau of Ocean Energy Management), TEL Offshore Trust Partnership acquired overriding royalty interests in and to the Minerals (as defined in the Conveyance) in and under and produced and saved from the lands covered by the leases described in the Exhibit A attached to and made a part of the Conveyance and all renewals or extensions of such leases and the leases referred to in Article IV of the Conveyance (collectively the “Leases”). Pursuant to the Conveyance, Tenneco granted to TEL Offshore Trust Partnership overriding royalty interests in the Leases equal to twenty-fiv
OPTION AGREEMENTOption Agreement • October 27th, 2011 • Tel Offshore Trust • Oil royalty traders • Texas
This Option Agreement (this “Agreement”), dated as of October 27, 2011, is by and between TEL Offshore Trust Partnership, a Texas general partnership (the “Partnership”), and RNR Production, Land and Cattle Company, Inc., a Texas corporation (“Purchaser”). Each of the Partnership and Purchaser is sometimes referred to herein as a “Party” and they are sometimes together referred to herein as the “Parties.”
