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.”
