AMENDMENT NO. 1 TO ACQUISITION AND JOINT DEVELOPMENT AGREEMENT
Exhibit 2.10
AMENDMENT NO. 1 TO
THIS AMENDMENT NO. 1 TO ACQUISITION AND JOINT DEVELOPMENT AGREEMENT (the “Amendment”) made and entered into as of this 31st day of December, 2009, by and between Xxxxxxxx Oil, Ltd., a Texas limited partnership (“Xxxxxxxx Oil”), JRC Revocable Trust (the “JRC Trust”), Xxxxx 1988 CRUT, LLC, an Oklahoma limited liability company (“Xxxxx CRUT”), Salbertson, LLC, a Texas limited liability company (“Salbertson”), Xxx Xxxxx, LLC, an Oklahoma limited liability company (“Green”), RSE Energy, LLC, an Oklahoma limited liability company (“RSE”), True Energy Exploration, LLC, an Oklahoma limited liability company (“True Energy”), Royal Energy, LLC, an Oklahoma limited liability company (“Royal Energy”), The Xxxxx Company, an Oklahoma corporation (“Xxxxx”), Subsurface Minerals Group, LLC, an Oklahoma limited liability company (“SMG”) and Xxxxx Oil Company, a Delaware corporation (the “Operator”) with respect to the following:
RECITATIONS
WHEREAS, effective June 30, 2009, Xxxxx Xxxxxxxx, LLC, an Oklahoma limited liability company (“BDLLC”), RSE, True Energy, Royal Energy, Xxxxx, SMG and the Operator entered into that certain Acquisition and Joint Development Agreement (the “Original JDA”).
WHEREAS, capitalized terms used but not defined herein shall have the meanings set forth in the Original JDA.
WHEREAS, pursuant to the terms of the Original JDA, BDLLC sold Working Interests in the Xxxxxxxx Field to RSE, True Energy and Royal Energy and the parties to the Original JDA agreed upon and set forth certain terms that they had agreed upon with respect to the exploration, development and production of Oil and Gas from the Xxxxxxxx Field.
WHEREAS, effective December 31, 2009, BDLLC is dissolving and distributing its Xxxxxxxx Field Working Interest to its members: (i) Xxxxxxxx Oil, (ii) the JRC Trust, (iii) Xxxxx, (iv) Xxxxx CRUT; and (v) Green.
WHEREAS, immediately following its receipt of its Xxxxxxxx Field Working Interest, Xxxxx CRUT is transferring its BPO Working interest to Salbertson, reserving unto itself a 90% net profits overriding royalty interest (the “Net Profits Interest”).
WHEREAS, the Original JDA must be amended to (i) remove BDLLC as a party, (ii) add Xxxxxxxx Oil, JRC Trust, Xxxxx CRUT, Salbertson and Green as parties; and (iii) reflect the transfer of the Xxxxxxxx Field Working Interests from BDLLC to its members (and Xxxxx CRUT’s subsequent transfer of its Xxxxxxxx Field Working Interest to Salbertson).
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and upon the terms and conditions set forth below, the Parties agree to amend the Original JDA as set forth herein:
1
ARTICLE I
PURCHASE AND SALE; CLOSING
1.1 Definitions.
(a) Xxxxxxxx Oil, JRC Trust, Xxxxx CRUT, Salbertson and Green are included in the definition of “Xxxxxxxx Field Owners” and “Parties.”
(b) Xxxxxxxx Oil, JRC Trust, Xxxxx CRUT, Salbertson, Green and Xxxxx are collectively referred to herein as the “Former BDLLC Members.”
1.2 Amendment to Section 1.1 of Original JDA. Section 1.1(c) of the Original JDA is amended to read as follows:
“(c) The Relative Interests of the Parties. The Xxxxxxxx Field Owners agree that their respective Working Interest ownership in the Xxxxxxxx Field Working Interest after Payout (“APO”) shall be as set forth in Section 3.5 hereof, and that before Payout (“BPO”) such interests shall be as follows:
|
Xxxxxxxx Field Owner
|
BPO Working Interest
|
|
RSE
|
60.2857142880 %
|
|
True Energy
|
7.5357142860 %
|
|
Royal Energy
|
7.5357142860 %
|
|
Xxxxxxxx Oil
|
4.2857132140 %
|
|
JRC Trust
|
7.1428553560 %
|
|
Salbertson
|
2.8571421430 %
|
|
Green
|
0.3571489290 %
|
|
Xxxxx
|
9.0000000000 %
|
|
SMG
|
0.0000000000 %”
|
1.3 Amendment to Section 2.3(a) of Original JDA. Section 2.3(a) of the Original JDA is amended to read as follows:
“(a) Firm Capital Commitments. Each Xxxxxxxx Field Owner hereby covenants, agrees and commits to provide capital to fund the Development Plan up to the amount set forth with respect to each Xxxxxxxx Field Owner in the table below (the “Firm Capital Commitments”).
|
Party
|
Firm Capital Commitment
|
|
RSE
|
$3,811,262.85
|
|
True Energy
|
$476,407.86
|
|
Royal Energy
|
$476,407.86
|
|
Xxxxxxxx Oil
|
$88,855.88
|
|
JRC Trust
|
$148,093.13
|
|
Salbertson
|
$59,237.25
|
|
Green
|
$7,404.79
|
|
Xxxxx
|
$207,330.38
|
|
SMG
|
$0.00
|
2
The Former BDLLC Members shall be treated as paying their pro rata share of any Firm Capital Commitments paid by BDLLC prior to the date of this Amendment based on each such Former BDLLC Member’s BPO Working Interest compared to the aggregate BPO Working Interest of all the Former BDLLC Members. The Former BDLLC Members hereby represent and warrant that, prior to the date of this Amendment, BDLLC paid 100% of the Firm Capital Commitments required to be paid by the Former BDLLC Members as set forth in the table above.”
1.4 Amendment to Section 3.1 of Original JDA. Section 3.1(c) of the Original JDA is amended to read as follows:
“(c) with respect to the Former BDLLC Members only, each Former BDLLC Member’s pro rata share of $1,214,078.57 (which is an amount equal to the amount BDLLC initially paid for the Xxxxxxxx Field Working Interest, including expenses ($1,725,000) less the amount of the Firm Capital Commitment originally required to be paid by BDLLC but now payable by Xxxxxxxx Oil, JRC Trust, Salbertson, Xxxxx and Green ($510,921.43)) based on each such Former BDLLC Member’s BPO Working Interest compared to the BPO Working Interest of all the Former BDLLC Members;”
1.5 Amendment to Section 3.4 of the Original JDA. Section 3.4 of the Original JDA is amended to replace all references to “BDLLC” with “the Operator.”
1.6 Amendment to Section 3.5 of the Original JDA. Section 3.5 of the Original JDA is amended to read as follows:
“3.5 After Payout Working Interests. As soon as practicable following the date that the last BPO Working Interest Owner executes and delivers the Payout Acknowledgement to the Operator (the “Deemed Payout Date”) but in no event more than 10 days following the Deemed Payout Date, each BPO Working Interest Owner shall execute and deliver to Xxxxx and/or SMG an Assignment, Conveyance and Xxxx of Sale in substantially the form attached hereto as Exhibit C (the “APO Assignment”), effective as of the Deemed Payout Date, conveying to Xxxxx and/or SMG record title in the percentage of Xxxxxxxx Field Working Interests set forth for each BPO Working Interest Owner in the table below (the “After Payout Assignments”). The following table also sets forth the Xxxxxxxx Field Working Interests to be owned by each Party immediately following the effectiveness of the After Payout Assignments (the “APO Working Interest”) and indicates whether the After Payout Assignment is to be assigned to Xxxxx and/or SMG.
|
Party
|
BPO Working Interest
|
After Payout Assignment
|
APO Working Interest
|
Assignee of APO Working Interest
|
|
RSE
|
60.2857142880 %
|
36.1714285760 %
|
24.1142857120 %
|
SMG
|
|
True Energy
|
7.5357142860 %
|
4.5214285720 %
|
3.0142857140 %
|
SMG
|
|
Royal Energy
|
7.5357142860 %
|
4.5214285720 %
|
3.0142857140 %
|
SMG
|
|
Xxxxx
|
9.0000000000 %
|
4.785714280 %
|
13.999999000 %
|
SMG
|
|
Xxxxxxxx Oil
|
4.0000000000 %
|
2.5714279270 %
|
1.7142852860 %
|
Xxxxx
|
|
JRC Trust
|
7.1428553560 %
|
4.2857132120 %
|
2.8751421440 %
|
Xxxxx
|
|
Salbertson
|
2.8571421420 %
|
1.7142852850 %
|
1.1428568570 %
|
Xxxxx
|
|
Green
|
0.3571489280 %
|
0.2142893570 %
|
0.1428595710 %
|
Xxxxx
|
|
SMG
|
0.000000000 %
|
-
|
50.00000000 %
|
-
|
3
1.7 Amendment to Section 7.9 of the Original JDA. Section 7.9 of the Original JDA shall be amended to add the following notice addresses:
Notices to Xxxxxxxx Oil: Xxxxxxxx Oil Ltd.
0000 Xxxxxxx, Xxxxx 000
Xxxxxxx, XX 00000
Fax: (000) 000-0000
Email: xxxxxxxxxxx@xxxxxxxxxxxxxx.xxx
Notices to JRC Trust: JRC Revocable Trust
Xxxxxx X. Xxxxxx, Trustee
0000 X.X. Xxxxx Xxxx.
Xxxxxxxx Xxxx, XX 00000
Fax: (000) 000-0000
|
|
Email: xxxxxxx@xxxxxxxxx.xxx
|
Notices to Xxxxx CRUT: Xxxxx 1988 CRUT, LLC
000 X.X. 00xx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Attention: Xxxxxxx X. Xxxxx
Fax: (000) 000-0000
Email: xxxxxx@xxxxxxx.xxx
Notices to Salbertson: Salbertson, LLC
0000 Xxxxxx Xxxx
Xxxxxx, XX 00000
Fax: (000) 000-0000
|
|
Email: xxxxx@xxxxxxxx.xxx
|
Notices to Green: Xxx Xxxxx, LLC
000 X.X. 00xx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Attention: Xxx Xxxxx
Fax: (000) 000-0000
Email: xxxxxx@xxxxxxx.xxx
1.8 Amendment to Exhibit C of the Original JDA. The form of Assignment, Conveyance and Xxxx of Sale for the After Payout Assignments attached as Exhibit C to the Original JDA shall be amended and restated in its entirety to read as set forth on Exhibit A attached hereto.
1.9 Xxxxx CRUT’s Net Profits Interest. Xxxxx CRUT hereby acknowledges and agrees that its Net Profits Interest on Salbertson LLC’s Xxxxxxxx Field Working Interest is subject to the terms and conditions set forth in the Original JDA as amended by this Amendment.
1.10 Joint Operating Agreement. The Former BDLLC Members acknowledge that they have received a copy of the Joint Operating Agreement dated June 30, 2009 related to the Xxxxxxxx Field Working Interests. The Former BDLLC Members acknowledge that, pursuant to the terms of the Joint Operating Agreement, the Former BDLLC Members are deemed to be a party to the Joint Operating Agreement as of the date of this Amendment, and hereby agree to be bound by the Joint Operating Agreement.
4
1.11 Joinder to Original JDA. Each Former BDLLC Members agrees to become a party to, to be bound by, and to comply with all of the provisions of the Original JDA, as amended by this Amendment, in each case in the same manner as if the Former BDLLC Member was an original signatory to the Original JDA.
1.12 Entire Agreement. This Amendment sets forth the entire agreement and understanding between the parties as to the subject matter thereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them. Except as set forth in this Amendment, provisions of the Original JDA which are not inconsistent with this Amendment shall remain in full force and effect.
1.13 Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.
IN WITNESS WHEREOF, this Amendment has been signed by and on behalf of each of the Parties as of December 31, 2009.
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RSE Energy, LLC
|
||
|
By:
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/s/ Xxxxx Xxxxxx
|
|
|
Name: Xxxxx Xxxxxx
|
||
|
Title: Manager
|
||
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True Energy Exploration, LLC
|
||
|
By:
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/s/ Xxxxxx X. Xxxxxxxx
|
|
|
Name: Xxxxxx X. Xxxxxxxx
|
||
|
Title: Manager
|
||
|
Royal Energy, LLC
|
||
|
By:
|
/s/ Xxxxxx X. Xxxxxxxx
|
|
|
Name: Xxxxxx X. Xxxxxxxx
|
||
|
Title: Manager
|
||
|
The Xxxxx Company
|
||
|
By:
|
/s/ Xxxx Xxx, Xx.
|
|
|
Name: Xxxx Xxx, Xx.
|
||
|
Title: President
|
||
|
Xxxxxxxx Oil, Ltd.
|
||
|
By:
|
/s/ Xxxx Xxxxxxxx
|
|
|
Name: Xxxx Xxxxxxxx
|
||
|
Title: Vice President
|
||
|
JRC Revocable Trust
|
||
|
By:
|
/s/ Xxxxxx X. Xxxxxx
|
|
|
Name: Xxxxxx X. Xxxxxx
|
||
|
Title: Trustee
|
||
|
Xxxxx 1988 CRUT, LLC
|
||
|
By:
|
/s/ X.X. Xxxxx
|
|
|
Name: X.X. Xxxxx
|
||
|
Title: Manager
|
||
|
Salbertson, LLC
|
||
|
By:
|
/s/ Rebel X. Xxxxxxxxx
|
|
|
Name: Rebel X. Xxxxxxxxx
|
||
|
Title: Manager
|
||
|
Xxx Xxxxx, LLC
|
||
|
By:
|
/s/ Xxx Xxxxx
|
|
|
Name: Xxx Xxxxx
|
||
|
Title: Manager
|
||
|
Subsurface Minerals Group, LLC
|
||
|
By:
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/s/ Xxxxx Small
|
|
|
Name: Xxxxx Small
|
||
|
Title: Manager
|
||
|
Xxxxx Oil Company
|
||
|
By:
|
/s/ Xxxx Xxx, Xx.
|
|
|
Name: Xxxx Xxx, Xx.
|
||
|
Title: President
|
||
5
EXHIBIT A
ASSIGNMENT, CONVEYANCE AND XXXX OF SALE
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, THE XXXXX COMPANY, an Oklahoma corporation, XXXXXXXX OIL, LTD., a Texas limited partnership, JRC REVOCABLE TRUST, SALBERTSON, LLC, a Texas limited liability company, XXX XXXXX, LLC, an Oklahoma limited liability company, RSE ENERGY, LLC, an Oklahoma limited liability company, TRUE ENERGY EXPLORATION, LLC, an Oklahoma limited liability company, and ROYAL ENERGY, LLC, an Oklahoma limited liability company, (collectively, the “Assignors”), are the owners of certain rights, title and interest in, to and under certain lands situated in Xxx County, Oklahoma, as more particularly described on Exhibit “A” attached hereto and made a part hereof (the “Xxxxxxxx Field”), including but not limited to a 100% working interest in and to all oil, gas and other minerals and all other substances, including but not limited to magnesium, bromine, and other elements underlying and which might be produced from, and certain fee interests covering land within, the Xxxxxxxx Field;
WHEREAS, for purposes of this Assignment, Conveyance and Xxxx of Sale (the “Assignment”), the term “Properties” shall mean the aggregate of all rights, titles, and interests owned by Assignors in, to and under the Xxxxxxxx Field, including without limitation all of the following:
(a) All oil, gas, and other minerals, and all other substances, including but not limited to magnesium, bromine, and other elements underlying and which might be produced from the Xxxxxxxx Field;
(b) All surface rights, fee interests, yards, and surface leases in or on the Xxxxxxxx Field, together with all improvements thereon and the appurtenances thereunto belonging;
(c) All oil and gas leases, all oil, gas and mineral leases, all brine leases, undeveloped leasehold, and all licenses, permits and orders which authorize or relate to the exploration for and production of oil, gas and other minerals and for the production of brine from the Xxxxxxxx Field;
(d) All xxxxx, personal property, fixtures, gathering systems, plants, inventory, equipment and improvements located on the Xxxxxxxx Field, or used or obtained in connection with the ownership, exploration, development or operation of the Properties, or the production, sale, processing, treating, storing, gathering, transportation or disposal of hydrocarbons, water or any other substances produced therefrom or attributable thereto, to the extent in any way pertaining to or used in connection with the Xxxxxxxx Field;
(e) All contracts, agreements, leases, licenses, easements, rights under orders of regulatory authorities having jurisdiction with respect to, and other properties and rights of every nature whatsoever in or incident to the ownership, exploration, development, use or occupancy of the Properties or any interest therein, or the production, sale, processing, treating, storing, gathering, transportation or disposal of hydrocarbons, water or any other substance produced therefrom or attributable thereto to the extent applicable to the Properties, including, without limitation, all mineral, royalty, overriding royalty, production payment, net profits and other rights and interests in or to share in the proceeds from the sale of production from the Properties, and all rights and obligations relating to gas underproduction and overproduction (including the right and obligation to balance in kind or by cash payment); and
(f) All other rights and interests of every nature whatsoever owned by Assignor in any way relating to the Xxxxxxxx Field;
1
WHEREAS, on June 30, 2009, Xxxxx Xxxxxxxx, LLC, an Oklahoma limited liability company (“BDLLC”), which at that time owned a 100% undivided interest in the Properties, executed an Assignment, Conveyance and Xxxx of Sale (recorded in Book 1467, at pages 0241-0245 in the records of the County Clerk of Xxx County, Oklahoma) assigning an undivided 75.35714286% interest in the Properties on a “before-payout” basis (the “BPO Assignment”);
WHEREAS, after the BPO Assignment, BDLLC retained an undivided 24.64285714% interest in the Properties (the “BDLLC Retained Interest”);
WHEREAS, on December 31, 2009, BDLLC dissolved and terminated its existence as a limited liability company under the laws of the State of Oklahoma and, in connection with such dissolution, executed an Assignment, Conveyance and Xxxx of Sale transferring the BDLLC Retained Interest and the Reversionary Interest (defined below) to its members on a pro rata basis in accordance with their ownership of BDLLC (the “BDLLC Dissolution Assignment”);
WHEREAS, the BPO Assignment and the BDLLC Dissolution Assignment were expressly made subject to that certain Acquisition and Joint Development Agreement, dated June 30, 2009, as amended December 31, 2009 (the “Joint Development Agreement”);
WHEREAS, in the BPO Assignment, BDLLC reserved a presently-effective reversionary interest at Payout, as such term is defined and described in Section 3.5 of the Joint Development Agreement (the “Reversionary Interest”), such that, upon Payout, an undivided interest in the Properties would revert to BDLLC such that the undivided interests in the Properties owned upon Payout would be the APO Working Interests, as such term is defined and described in Section 3.5 of the Joint Development Agreement (“APO Working Interests”), of the parties to the Joint Development Agreement;
WHEREAS, in the BDLLC Dissolution Assignment, BDLLC transferred the Reversionary Interest to its members subject to the terms of the Joint Development Agreement;
AND WHEREAS, the Assignors acknowledge that Payout occurred on the effective date of this Assignment.
NOW, THEREFORE, Assignors, for and in consideration of the sum of Ten Dollars ($10.00), and other good and valuable considerations, the receipt and adequacy of which are hereby acknowledged, do hereby grant, bargain, sell, convey and assign all of Assignors’ rights, titles, and interests to the Properties unto the persons, including the Assignors, whose names are set forth below opposite their respective undivided interests (collectively, the “Assignees”), to be owned by the Assignees as tenants-in-common, as follows:
|
Assignees
|
Interest
|
|
RSE Energy, LLC, an Oklahoma limited liability company
|
24.1142857120 %
|
|
True Energy Exploration, LLC, an Oklahoma limited liability company
|
3.0142857140 %
|
|
Royal Energy, LLC, an Oklahoma limited liability company
|
3.0142857140 %
|
|
The Xxxxx Company, an Oklahoma corporation
|
13.999999000 %
|
|
Xxxxxxxx Oil, Ltd., a Texas limited partnership
|
1.7142852860 %
|
|
JRC Revocable Trust
|
2.8751421440 %
|
|
Salbertson, LLC, a Texas limited liability company
|
1.1428568570 %
|
|
Xxx Xxxxx, LLC, an Oklahoma limited liability company
|
0.1428595710 %
|
|
Subsurface Minerals Group, LLC, an Oklahoma limited liability company
|
50.000000000 %
|
|
Total
|
100.000000000 %
|
2
This Assignment is made with warranty of title against those claiming by, through or under Assignors but not otherwise, but is made with full substitution and subrogation unto Assignees of all representations and warrantees previously given by Assignor’s predecessors in interest.
TO HAVE AND TO HOLD the same unto Assignees, their successors and assigns.
This Assignment is executed on the date of its acknowledgement; however, the same shall be effective for all purposes as of 7:00 a.m., CST, on ____________, 20__.
XXXXXXXX OIL, LTD., a Texas limited partnership
By: ______________________________________
Name: Xxxx Xxxxxxxx
Title: Vice President
JRC Revocable Trust
______________________________________
Xxxxxx X. Xxxxxx, Trustee
SALBERTSON, LLC, a Texas limited liability company
______________________________________
Rebel X. Xxxxxxxxx, Manager
XXX XXXXX, LLC, an Oklahoma limited liability company
___________________________________________
Xxx Xxxxx, Manager
THE XXXXX COMPANY, an Oklahoma corporation
___________________________________________
Xxxx Xxx, Xx., President
3
RSE ENERGY, LLC, an Oklahoma limited liability company
___________________________________________
Xxxxx Xxxxxx, Manager
ROYAL ENERGY, LLC, an Oklahoma limited liability company
___________________________________________
Xxxxxx X. Xxxxxxxx, Manager
TRUE ENERGY EXPLORATION, LLC, an Oklahoma limited liability company
___________________________________________
Xxxxxx X. Xxxxxxxx, Manager
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxxx Xxxxxxxx, as the Vice President of Xxxxxxxx Oil, Ltd., a Texas limited partnership, on behalf of the partnership.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxxxxx X. Xxxxxx, as the Trustee of JRC Revocable Trust, on behalf of the trust.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
4
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Rebel X. Xxxxxxxxx, as the Manager of Salbertson, LLC, a Texas limited liability company, on behalf of the company.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxx Xxxxx, as the Manager of Xxx Xxxxx, LLC, an Oklahoma limited liability company, on behalf of the company.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxxx Xxx, Xx., as the President of The Xxxxx Company, an Oklahoma corporation, on behalf of the company.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxxxx Xxxxxx, as the Manager of RSE Energy, LLC, an Oklahoma limited liability company, on behalf of the company.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
5
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxxxxx X. Xxxxxxxx, as the Manager of Royal Energy, LLC, an Oklahoma limited liability company, on behalf of the company.
__________________________________________
Notary Public
My commission expires:______________________
My commission number:_____________________
|
STATE OF OKLAHOMA
|
)
|
|
|
) ss.
|
||
|
COUNTY OF ________________
|
)
|
This instrument was acknowledged before me on the ______ day of ______________, 20__, by Xxxxxx X. Xxxxxxxx, as the Manager of True Energy Exploration, LLC, an Oklahoma limited liability company, on behalf of the company.
__________________________________________
Notary Public
My commission expires:______________________
My commission number______________________
6
EXHIBIT “A”
DESCRIPTION OF XXXXXXXX FIELD
|
Section
|
LEGAL DESCRIPTION
|
|
17
|
NW/4 of Section 17-28N-1E
|
|
17
|
SW/4 of Section 17-28N-1E
|
|
17
|
S/2 NE/4 SE/4 & NE/4 NE/4 SE/4 & NW/4 NE/4
SE/4 & NW/4 SE/4 of Section 17-28N-1E
|
|
17
|
SE/4 SE/4 & SE/4 SW/4 SE/4 & SW/4 SW/4
SE/4 & N/2 SW/4 SE/4 of Section 17-28N-1E
|
|
18
|
NE/4 of Section 18-28N-1E
|
|
20
|
W/2 NW/4 NE/4 of Section 20-28N-1E
|
|
20
|
NW/4 of Section 20-28N-1E
|
