COMPROMISE AND SETTLEMENT AGREEMENTCompromise and Settlement Agreement • September 7th, 2023 • San Juan Basin Royalty Trust • Oil royalty traders • New Mexico
This Compromise Settlement Agreement (this “Agreement”) is executed on one hand by PNC Bank, N.A. (“Trustee”), in its capacity as Trustee of the San Juan Basin Royalty Trust (the “Trust”) and on the other hand by Hilcorp San Juan, L.P. (“Hilcorp”), effective this 30th day of August 2023 (the “Effective Date”). The Trust and Hilcorp are sometimes referred to collectively as the “Parties” and individually as a “Party.”
