MANAGEMENT SERVICES AGREEMENT BY AND AMONG E11 MANAGEMENT, LLC, an Oklahoma Limited Liability Company E11 INCENTIVE HOLDINGS, LLC an Oklahoma Limited Liability Company ENERGY 11, L.P. a Delaware Limited Partnership AND ENERGY 11 OPERATING COMPANY, LLC...Management Services Agreement • August 11th, 2014 • Energy 11, L.P. • Crude petroleum & natural gas • Texas
This MANAGEMENT SERVICES AGREEMENT (this “Agreement”), dated as of [•] [•], 2014 and effective for all purposes as of the Initial Closing (the “Effective Date”), is by and among E11 Management, LLC, an Oklahoma limited liability company (the “Manager”), E11 Incentive Holdings, LLC, an Oklahoma limited liability company and an Affiliate of the Manager (“Incentive Holdings”), Energy 11, L.P., a Delaware limited partnership (“Parent”), and Energy 11 Operating Company, LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“Owner”). The Manager, Incentive Holdings, Parent and Owner are referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used but not defined herein shall have the meanings assigned to such terms in Article I.
