GUGGENHEIM CORPORATE FUNDING, LLC 135 E. 57th Street, 6th Floor New York, New York 10022 Consent Letter
Exhibit 10.5
GUGGENHEIM CORPORATE FUNDING, LLC
135 E. 57th Street, 6th Floor
New York, New York 10022
Consent Letter
September 4, 2012
Energy & Exploration Partners, LLC
100 Throckmorton, Suite 1700
Fort Worth, TX 76102
Attn: Hunt Pettit
Re: | Credit Agreement dated as of June 26, 2012, by and among Energy & Exploration Partners, LLC (Borrower), Guggenheim Corporate Funding, LLC, as Administrative Agent (Administrative Agent) for the lenders from time to time party thereto (the Lenders), and the Lenders (as such Credit Agreement is from time to time amended, supplemented, restated or otherwise modified, the Credit Agreement; capitalized terms used but not defined herein shall have the meaning given such terms in the Credit Agreement). |
Dear Mr. Pettit:
You have advised us that Borrower requests that Administrative Agent and the Lenders consent to Borrower, in connection with the Equity Transaction, (a) assigning an overriding royalty interest in the Niobrara Assets to the holders of net profit interests in the Niobrara Assets pursuant to the Assignment of Overriding Royalty attached hereto as Exhibit A and the Assignment of Overriding Royalty attached hereto as Exhibit B and (b) assigning an overriding royalty interest to the Shale Fund Investors pursuant to the Assignment of Overriding Royalty attached hereto as Exhibit C, the Assignment of Overriding Royalty attached hereto as Exhibit D, and the Assignment of Overriding Royalty attached hereto as Exhibit E (collectively, the Requested ORI Conveyances).
As evidenced by this Consent Letter (this Letter), Administrative Agent and the Lenders hereby consent to the Requested ORI Conveyances (the Specified Consent). Borrower represents and warrants that after giving effect to the Requested ORI Conveyances, Borrower will own (i) not less than 75% of the net revenue interest (proportionately reduced) attributable to the working interest owned by Borrower in the Permian Base Area Oil and Gas Properties and (ii) not less than 80% of the net revenue interest (proportionately reduced) attributable to the working interest owned by Borrower in the DJ Basin Area Oil and Gas Properties.
Except as specifically consented to herein, all of the terms and conditions of the Credit Agreement and the other Loan Documents are, and remain, in full force and effect in accordance with their respective terms.
This Letter does not imply any obligation on the part of Administrative Agent or the Lenders, and neither Administrative Agent nor the Lenders shall be obligated, at any time, to grant further amendments, modifications, consents, or waivers.
The consent contained in this Letter is expressly limited to the Specified Consent, as further limited herein. Neither this Letter, nor any other actions taken by, or any inaction on the part of, Administrative Agent or the Lenders, shall be deemed to be (i) a waiver of any Default or Event of Default which exists or may exist hereafter, except as expressly provided herein, or (ii) a waiver of (or an agreement to forbear from exercising) any rights or remedies that Administrative Agent or the Lenders have pursuant to the Credit Agreement and applicable law by reason of any Default or Event of Default.
Page 1
This Letter may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of a copy of this Letter by electronic mail in portable document format (.pdf) form, or by any other electronic means intended to preserve the original graphic and pictorial appearance hereof, will have the same effect as physical delivery of this Letter bearing the original signature.
THIS LETTER, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
Please confirm that the foregoing is in accordance with your understanding by signing and returning to us the enclosed copy of this Letter, which shall become a binding agreement upon our receipt.
[Signature pages follow]
Page 2
Sincerely, | ||
ADMINISTRATIVE AGENT: | ||
GUGGENHEIM CORPORATE FUNDING, LLC, as Administrative Agent |
By: | /s/ William Hagner | |
Name: | William Hagner | |
Title: | Senior Managing Director |
THE LENDERS: | ||
GUGGENHEIM ENERGY OPPORTUNITIES FUND, LP, | ||
By: GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC, its Investment Manager |
By: | /s/ Michael Damaso | |
Name: | Michael Damaso | |
Title: | Senior Managing Director |
NZC GUGGENHEIM FUND LLC, | ||
By: GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC, its Manager |
By: | /s/ Michael Damaso | |
Name: | Michael Damaso | |
Title: | Senior Managing Director |
SBC FUNDING, LLC, | ||
By: GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC, its Manager |
By: | /s/ Michael Damaso | |
Name: | Michael Damaso | |
Title: | Senior Managing Director |
Signature Page to Consent Letter
GUGGENHEIM LIFE AND ANNUITY COMPANY, | ||
By: GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT, LLC, its Manager |
By: | /s/ Michael Damaso | |
Name: | Michael Damaso | |
Title: | Senior Managing Director |
Signature Page to Consent Letter
AGREED TO AND ACCEPTED BY: | ||
BORROWER: | ||
ENERGY & EXPLORATION PARTNERS, LLC, a Delaware limited liability company | ||
By: | /s/ Hunt Pettit | |
Hunt Pettit | ||
President, Secretary and Treasurer |
Signature Page to Consent Letter
Exhibit A
See attached.
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVERS LICENSE NUMBER.
ASSIGNMENT OF OVERRIDING ROYALTY
(Multiple Assignees)
THE STATE OF COLORADO | § | |||
§ | ||||
§ | KNOW ALL MEN BY THESE PRESENTS: | |||
§ | ||||
COUNTY OF WELD | § | |||
§ |
Energy & Exploration Partners, LLC whose address is P.O. Box 471428, Fort Worth, Texas 76147-1376, hereinafter called Assignor, for and inconsideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, does by these presents, GRANT, ASSIGN, TRANSFER and CONVEY unto the parties set forth below, hereinafter called the Assignees:
Janice Boswell-Wueste, an individual, whose address is 2845 Manorwood Trl., Fort Worth, TX 76109;
Edward A. Wueste, an individual, whose address is 2845 Manorwood Trl., Fort Worth, TX 76109;
Matthew Ledbetter, an individual, whose address is 5309 Judalon Ln., Houston, TX 77056;
Amber Boswell, an individual, whose address is 2721 Manorwood Trl., Fort Worth, TX 76109; and
Jason Roberts, an individual, whose address is 3005 Amherst Ave., Dallas, TX 75225.
an overriding royalty interest (the Overriding Royalty), as described in Exhibit A attached hereto and made a part hereof for all purposes, in all oil, gas and other hydrocarbons produced, save and sold under the terms of the Oil and Gas Leases described in Exhibit A (the Lease(s)) covering the lands described therein located in Weld County, Colorado.
1
The assignment of Overriding Royalty made herein is subject to the following terms, conditions and provisions:
1. | For the purposes of calculating royalty payments, expenses and deductions, the Overriding Royalty shall be subject to the exact terms, conditions and provisions as those found in the Leases, on a lease by lease basis. In other words, should the underlying or referenced lease provide for cost free royalty then the Overriding Royalty shall also be free and clear of all cost and expenses of exploration, production, transportation and marketing, but shall bear its proportionate share of all gross production, severance, ad valorem and similar taxes. However, should the underlying referenced lease, on a lease by lease basis, be subject to deductions for transportation, dehydration and marketing then the Overriding Royalty shall also be subject to the same deductions and proportionate share of all gross production, severance, ad valorem and similar taxes. |
2. | If any of the Leases cover less than the full (100% of 8/8ths) interest in oil, gas and other minerals in all or any part of the lands and depths described therein, the Overriding Royalty shall be proportionately reduced and paid to Assignee in the proportion that the interest covered by said Lease bears to the entire mineral estate; |
3. | Assignor may, without the joinder of Assignee, pool and combine Assignees Overriding Royalty with other leases and lands in compliance with terms and conditions of the Leases. |
4. | The Overriding Royalty shall attach to any extension or renewals of the Leases and shall be calculated and paid in the same manner as the original reservation set forth herein. Any lease acquired by Assignor, or its successors or assigns, within one (1) year of the termination of the Leases shall be deemed an extension or renewal lease for the purposes of this provision insofar as the renewal or extension lease covers acreage transferred hereunder. |
TO HAVE AND TO HOLD the above described overriding royalty, together with all and singular the rights and appurtenances thereunto in anywise belonging unto Assignee, its successors and assigns forever; and Assignor does by these presents bind itself and its successors and assigns to warrant and forever defend all and singular, the Leases unto Assignee, its successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through or under Assignor, but not otherwise.
[Signature page follows.]
2
IN WITNESS WHEREOF, the parties have executed this instrument as of the dates set forth in the acknowledgement certificates below, but it is effective as of the date of each Lease.
ASSIGNOR | ||
ENERGY & EXPLORATION PARTNERS, LLC, a Delaware limited liability company | ||
By: | ||
Hunt Pettit, President |
~ACKNOWLEDGEMENT~
STATE OF TEXAS
COUNTY OF TARRANT
The foregoing instrument was acknowledged before me on this of August, 2012 by Hunt Pettit, President of Energy & Exploration Partners, LLC, a Delaware limited liability company, on behalf of said company.
Notary Public in and for the State of Texas |
[Remainder of page intentionally left blank]
3
EXHIBIT A
Assignee ORRI | ||||||||||||||||||||||||||||||||
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME (Reception#) | PAGE | Janice Boswell | Edward A. Wueste | Matthew F. Ledbetter | Amber Boswell | Jason Roberts | |||||||||||||||||||||
CO | Weld | Leslie H. Brumley | ENEXP | 6/24/2011 | Reception # 3775990 | NA | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
CO | Weld | Ila Mae Daniels | ENEXP | 6/24/2011 | Reception # 3775991 | NA | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
CO | Weld | Jeannine Brumley/Duane Schwartz | ENEXP | 6/24/2011 | Reception # 3775989 | NA | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
CO | Weld | Alice Brewster | ENEXP | 6/24/2011 | Reception # 3775988 | NA | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
CO | Weld | Daniel Varra (Truste)e and Carolyn Varra | ENEXP | NA | 0.010253 | % | 0.002051 | % | 0.010253 | % | 0.043473 | % | 0.030759 | % | ||||||||||||||||||
CO | Weld | Norman & Patricia Freeman | ENEXP | 8/9/2011 | Reception # 3784900 | NA | 0.003589 | % | 0.000718 | % | 0.003589 | % | 0.015216 | % | 0.010766 | % | ||||||||||||||||
CO | Weld | Raymond and Gloria Winder Family Trust | ENEXP | 7/6/2011 | Reception # 3778008 | NA | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
CO | Weld | Breniman Farms LLC | ENEXP | 12/8/2011 | Reception #3810605 | NA | 0.010253 | % | 0.002051 | % | 0.010253 | % | 0.043473 | % | 0.030759 | % | ||||||||||||||||
CO | Weld | Sharon L. Gray | ENEXP | 7/18/2011 | Reception # 3780411 | NA | 0.010253 | % | 0.002051 | % | 0.010253 | % | 0.043473 | % | 0.030759 | % | ||||||||||||||||
CO | Weld | Norman & Patricia Freeman Trust | ENEXP | 5/2/2011 | Reception #3765901 | NA | 0.003589 | % | 0.000718 | % | 0.003589 | % | 0.015216 | % | 0.010766 | % | ||||||||||||||||
CO | Weld | Gale A. Nelson | ENEXP | 8/8/2011 | Reception # 3784899 | NA | 0.001794 | % | 0.000359 | % | 0.001794 | % | 0.007608 | % | 0.005383 | % |
Exhibit B
See attached.
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVERS LICENSE NUMBER.
ASSIGNMENT OF OVERRIDING ROYALTY
(Multiple Assignees)
THE STATE OF WYOMING | § | |||
§ | ||||
§ | KNOW ALL MEN BY THESE PRESENTS: | |||
§ | ||||
COUNTIES OF LARAMIE AND GOSHEN | § | |||
§ |
Energy & Exploration Partners, LLC whose address is P.O. Box 471428, Fort Worth, Texas 76147-1376, hereinafter called Assignor, for and inconsideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, does by these presents, GRANT, ASSIGN, TRANSFER and CONVEY unto the parties set forth below, hereinafter called the Assignees:
Janice Boswell-Wueste, an individual, whose address is 2845 Manorwood Trl., Fort Worth, TX 76109;
Edward A. Wueste, an individual, whose address is 2845 Manorwood Trl., Fort Worth, TX 76109;
Matthew Ledbetter, an individual, whose address is 5309 Judalon Ln., Houston, TX 77056;
Amber Boswell, an individual, whose address is 2721 Manorwood Trl., Fort Worth, TX 76109; and
Jason Roberts, an individual, whose address is 3005 Amherst Ave., Dallas, TX 75225.
an overriding royalty interest (the Overriding Royalty), as described in Exhibit A attached hereto and made a part hereof for all purposes, in all oil, gas and other hydrocarbons produced, save and sold under the terms of the Oil and Gas Leases described in Exhibit A (the Lease(s)) covering the lands described therein located in Laramie and Goshen Counties, Wyoming.
1
The assignment of Overriding Royalty made herein is subject to the following terms, conditions and provisions:
1. | For the purposes of calculating royalty payments, expenses and deductions, the Overriding Royalty shall be subject to the exact terms, conditions and provisions as those found in the Leases, on a lease by lease basis. In other words, should the underlying or referenced lease provide for cost free royalty then the Overriding Royalty shall also be free and clear of all cost and expenses of exploration, production, transportation and marketing, but shall bear its proportionate share of all gross production, severance, ad valorem and similar taxes. However, should the underlying referenced lease, on a lease by lease basis, be subject to deductions for transportation, dehydration and marketing then the Overriding Royalty shall also be subject to the same deductions and proportionate share of all gross production, severance, ad valorem and similar taxes. |
2. | If any of the Leases cover less than the full (100% of 8/8ths) interest in oil, gas and other minerals in all or any part of the lands and depths described therein, the Overriding Royalty shall be proportionately reduced and paid to Assignee in the proportion that the interest covered by said Lease bears to the entire mineral estate; |
3. | Assignor may, without the joinder of Assignee, pool and combine Assignees Overriding Royalty with other leases and lands in compliance with terms and conditions of the Leases. |
4. | The Overriding Royalty shall attach to any extension or renewals of the Leases and shall be calculated and paid in the same manner as the original reservation set forth herein. Any lease acquired by Assignor, or its successors or assigns, within one (1) year of the termination of the Leases shall be deemed an extension or renewal lease for the purposes of this provision insofar as the renewal or extension lease covers acreage transferred hereunder. |
TO HAVE AND TO HOLD the above described overriding royalty, together with all and singular the rights and appurtenances thereunto in anywise belonging unto Assignee, its successors and assigns forever; and Assignor does by these presents bind itself and its successors and assigns to warrant and forever defend all and singular, the Leases unto Assignee, its successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through or under Assignor, but not otherwise.
[Signature page follows.]
2
IN WITNESS WHEREOF, the parties have executed this instrument as of the dates set forth in the acknowledgement certificates below, but it is effective as of the date of each Lease.
ASSIGNOR | ||
ENERGY & EXPLORATION PARTNERS, LLC, a Delaware limited liability company | ||
By: | ||
Hunt Pettit, President |
~ACKNOWLEDGEMENT~
STATE OF TEXAS
COUNTY OF TARRANT
The foregoing instrument was acknowledged before me on this of August, 2012 by Hunt Pettit, President of Energy & Exploration Partners, LLC, a Delaware limited liability company, on behalf of said company.
Notary Public in and for the State of Texas |
[Remainder of page intentionally left blank]
3
EXHIBIT A
Assignee ORRI | ||||||||||||||||||||||||||||||||
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME | PAGE | Janice Boswell | Edward A. Wueste | Matthew F. Ledbetter | Amber Boswell | Jason Roberts | |||||||||||||||||||||
WY | Goshen | Ronald L. & Helga E. Cook | ENEXP | 1/31/2011 | 810 | 16 | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
WY | Goshen | TNT Farms, Inc. c/o Debra Wilson | ENEXP | 1/31/2011 | 810 | 15 | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
WY | Goshen | Robert S. & Christi L. Shields | ENEXP | 3/31/2011 | 813 | 114 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Timothy Rex & Kathleen Trumball | ENEXP | 2/22/2011 | 811 | 117 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Donald L. & Barbara R. Hill | ENEXP | 6/20/2011 | 818 | 142 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Susan K. Bryant | ENEXP | 3/29/2011 | 813 | 93 | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
WY | Goshen | Patricia Cooper | ENEXP | 3/29/2011 | 813 | 92 | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
WY | Goshen | Elizabeth Jane Newell | ENEXP | 3/29/2011 | 813 | 94 | 0.008971 | % | 0.001794 | % | 0.008971 | % | 0.038039 | % | 0.026914 | % | ||||||||||||||||
WY | Goshen | Rachel M. Schreiner Trust | ENEXP | 6/20/2011 | 818 | 143 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | State of Wyoming #10-00728 | ENEXP | 3/29/2011 | 813 | 91 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179686 | ENEXP | 3/29/2011 | 813 | 88 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179691 | ENEXP | 3/29/2011 | 813 | 89 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179692 | ENEXP | 3/29/2011 | 813 | 90 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179694 | ENEXP | 6/22/2011 | 818 | 158 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Gene & Karen Wolfe | ENEXP | 2/22/2011 | 811 | 114 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Rodney & Robbin Nipper | ENEXP | 2/22/2011 | 811 | 115 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Richard & Laura Young | ENEXP | 2/22/2011 | 811 | 116 | 0.004486 | % | 0.000897 | % | 0.004486 | % | 0.019019 | % | 0.013457 | % | ||||||||||||||||
WY | Goshen | Bob and Mary Sue Van Newkirk | ENEXP | 3/31/2011 | 813 | 113 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Brent and Cindy Medford | ENEXP | 4/13/2011 | 814 | 122 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Goshen | Terry & Julianne Rogers | ENEXP | 10/24/2011 | 824 | 66 | 0.007177 | % | 0.001435 | % | 0.007177 | % | 0.030431 | % | 0.021531 | % | ||||||||||||||||
WY | Goshen | Joel & Marilyn Miskimins | ENEXP | 3/31/2011 | 813 | 112 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Gwendolyn B. Miskimins | ENEXP | 3/31/2011 | 813 | 111 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % |
Page 1 of 3
EXHIBIT A
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME | PAGE | Janice Boswell | Edward A. Wueste | Matthew F. Ledbetter | Amber Boswell | Jason Roberts | |||||||||||||||||||||
WY | Goshen | Susan L. Sorrick | ENEXP | 3/29/2011 | 813 | 95 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Joan F. Beien | ENEXP | 3/21/2011 | 812 | 199 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Roland I. Schwindt | ENEXP | 5/20/2011 | 816 | 204 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Theodore & Georgia Whitaker | ENEXP | 9/20/2011 | 822 | 195 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Rodney & Lori Weyrich | ENEXP | 5/17/2011 | 816 | 165 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | James Allan Johnston | ENEXP | 7/5/2011 | 819 | 65 | 0.010766 | % | 0.002153 | % | 0.010766 | % | 0.045647 | % | 0.032297 | % | ||||||||||||||||
WY | Goshen | St. Josephs Childrens Home | ENEXP | 5/2/2011 | 815 | 160 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Goshen | Dudley D. Hatterman | ENEXP | 4/20/2011 | 815 | 76 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Tom A. & Verna R. Scott | ENEXP | 7/5/2011 | 819 | 66 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Steven N. Smith & Marion N. Smith, Trustees | ENEXP | 6/20/2011 | 818 | 141 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Goshen | Steven G. Shaddock | ENEXP | 6/21/2011 | 818 | 147 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | George G. Vaught, Jr. | ENEXP | 6/21/2011 | 818 | 148 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | McCulliss Resources Co. | ENEXP | 6/21/2011 | 818 | 149 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Brent C. Kaufman | ENEXP | 11/8/2011 | 825 | 97 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | John L. & Donna R. Bath | ENEXP | 12/9/2011 | 826 | 149 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Fred L. & Delores Reichert | ENEXP | 7/18/2011 | 819 | 188 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Larry L. & Deidre Anderson | ENEXP | 6/20/2011 | 818 | 140 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Travis Evans | ENEXP | 7/11/2011 | 819 | 134 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | John D. Somsen, Jr. | ENEXP | 6/1/2011 | 817 | 129 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Goshen | John W. & Rosanna Harris | ENEXP | 8/8/2011 | 820 | 169 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % | ||||||||||||||||
WY | Goshen | Gary L. Sims, Iris K. Sims | ENEXP | 8/16/2011 | 821 | 69 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % |
Page 2 of 3
EXHIBIT A
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME | PAGE | Janice Boswell | Edward A. Wueste | Matthew F. Ledbetter | Amber Boswell | Jason Roberts | |||||||||||||||||||||
WY | Goshen | Gerald A. Stephenson and Mary Ann Stephenson Family Living Trust, Gerald A. Stephenson, Trustee | ENEXP | 6/27/2011 | 819 | 6 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Mary Ann Stephenson | ENEXP | 6/27/2011 | 819 | 5 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Goshen | Town of Yoder | ENEXP | 1/4/2012 | 828 | 61 | 0.007177 | % | 0.001435 | % | 0.007177 | % | 0.030431 | % | 0.021531 | % | ||||||||||||||||
WY | Laramie | Dale & Darlene Bowman | ENEXP | 1/10/2011 | 2202 | 1122 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | Robert T & Genevieve G. Scott | ENEXP | 12/14/2010 | 2198 | 635 | 0.003589 | % | 0.000718 | % | 0.003589 | % | 0.015216 | % | 0.010766 | % | ||||||||||||||||
WY | Laramie | State of Wyoming #10-00725 | ENEXP | 5/11/2011 | 2219 | 1132 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Laramie | State of Wyoming #10-00726 | ENEXP | 5/11/2011 | 2219 | 1136 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Laramie | State of Wyoming #10-00727 | ENEXP | 5/11/2011 | 2219 | 1134 | 0.005981 | % | 0.001196 | % | 0.005981 | % | 0.025359 | % | 0.017943 | % | ||||||||||||||||
WY | Laramie | Bureau of Land Management #179752 | ENEXP | 5/11/2011 | 2219 | 1128 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | B. Clinton & Shari L. Farrar | ENEXP | 2/3/2011 | 2206 | 913 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | Marilyn E. Luman and Merril J. Luman | ENEXP | 2/23/2011 | 2208 | 1504 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | Butler Farms | ENEXP | 5/27/2011 | 2221 | 1134 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | Jody Lynn Clark (aka Jody Lynn Cole)(Addl per Laycock Duhig) | ENEXP | 6/1/2011 | 2222 | 162 | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | Janet Stahla | ENEXP | TBD | TBD | TBD | 0.013457 | % | 0.002691 | % | 0.013457 | % | 0.057058 | % | 0.040371 | % | ||||||||||||||||
WY | Laramie | Bonnie J. Kester | ENEXP | 11/21/2011 | 2246 | 470 | 0.002243 | % | 0.000449 | % | 0.002243 | % | 0.009510 | % | 0.006729 | % |
Page 3 of 3
Exhibit C
See attached.
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVERS LICENSE NUMBER.
ASSIGNMENT OF OVERRIDING ROYALTY
(Multiple Assignees)
THE STATE OF COLORADO | § | |||||
§ | ||||||
§ | KNOW ALL MEN BY THESE PRESENTS: | |||||
§ | ||||||
COUNTY OF WELD | § | |||||
§ |
Energy & Exploration Partners, LLC whose address is P.O. Box 471428, Fort Worth, Texas 76147-1376, hereinafter called Assignor, for and inconsideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, does by these presents, GRANT, ASSIGN, TRANSFER and CONVEY unto the parties set forth below, hereinafter called the Assignees:
Oso+Toro Multistrategy Fund Series Interest of the SALI Multiseries Fund II 3(C1) LP, whose address is 6836 Austin Center Boulevard, Suite 320, Austin, Texas 78731;
Oso+Toro Multistrategy Fund (Tax Exempt) Segregated Portfolio of the SALI Multiseries Fund SPC Ltd, whose address is 6836 Austin Center Boulevard, Suite 320, Austin, Texas 78731;
Carl Lasner, an individual, whose address is 1225 Red Hawk Rd., Wimberley, TX 78678;
Zachary Burk Lowe, an individual, whose address is 4154 Santa Barbara Dr., Dallas, Texas 75214;
Jason Roberts, an individual, whose address is 3005 Amherst Ave., Dallas, TX 75225.
an overriding royalty interest (the Overriding Royalty), as described in Exhibit A attached hereto and made a part hereof for all purposes, in all oil, gas and other hydrocarbons produced, save and sold under the terms of the Oil and Gas Leases described in Exhibit A (the Lease(s)) covering the lands described therein located in Weld County, Colorado.
1
The assignment of Overriding Royalty made herein is subject to the following terms, conditions and provisions:
1. | For the purposes of calculating royalty payments, expenses and deductions, the Overriding Royalty shall be subject to the exact terms, conditions and provisions as those found in the Leases, on a lease by lease basis. In other words, should the underlying or referenced lease provide for cost free royalty then the Overriding Royalty shall also be free and clear of all cost and expenses of exploration, production, transportation and marketing, but shall bear its proportionate share of all gross production, severance, ad valorem and similar taxes. However, should the underlying referenced lease, on a lease by lease basis, be subject to deductions for transportation, dehydration and marketing then the Overriding Royalty shall also be subject to the same deductions and proportionate share of all gross production, severance, ad valorem and similar taxes. |
2. | If any of the Leases cover less than the full (100% of 8/8ths) interest in oil, gas and other minerals in all or any part of the lands and depths described therein, the Overriding Royalty shall be proportionately reduced and paid to Assignee in the proportion that the interest covered by said Lease bears to the entire mineral estate; |
3. | Assignor may, without the joinder of Assignee, pool and combine Assignees Overriding Royalty with other leases and lands in compliance with terms and conditions of the Leases. |
4. | The Overriding Royalty shall attach to any extension or renewals of the Leases and shall be calculated and paid in the same manner as the original reservation set forth herein. Any lease acquired by Assignor, or its successors or assigns, within one (1) year of the termination of the Leases shall be deemed an extension or renewal lease for the purposes of this provision insofar as the renewal or extension lease covers acreage transferred hereunder. |
TO HAVE AND TO HOLD the above described overriding royalty, together with all and singular the rights and appurtenances thereunto in anywise belonging unto Assignee, its successors and assigns forever; and Assignor does by these presents bind itself and its successors and assigns to warrant and forever defend all and singular, the Leases unto Assignee, its successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through or under Assignor, but not otherwise.
[Signature page follows.]
2
IN WITNESS WHEREOF, the parties have executed this instrument as of the dates set forth in the acknowledgement certificates below, but it is effective as of the date of each Lease.
ASSIGNOR | ||
ENERGY & EXPLORATION PARTNERS, LLC, a Delaware limited liability company | ||
By: | ||
Hunt Pettit, President |
~ACKNOWLEDGEMENT~
STATE OF TEXAS
COUNTY OF TARRANT
The foregoing instrument was acknowledged before me on this of August, 2012 by Hunt Pettit, President of Energy & Exploration Partners, LLC, a Delaware limited liability company, on behalf of said company.
Notary Public in and for the State of Texas |
[Remainder of page intentionally left blank]
3
EXHIBIT A
Assignee ORRI (2) | ||||||||||||||||||||||||||||||||
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME (Reception#) | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||||
CO | Weld | Leslie H. Brumley | ENEXP | 6/24/2011 | Reception #  ###-###-#### | NA | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
CO | Weld | Ila Mae Daniels | ENEXP | 6/24/2011 | Reception #  ###-###-#### | NA | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
CO | Weld | Jeannine Brumley/Duane Schwartz | ENEXP | 6/24/2011 | Reception #  ###-###-#### | NA | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
CO | Weld | Alice Brewster | ENEXP | 6/24/2011 | Reception #  ###-###-#### | NA | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
CO | Weld | Daniel Varra (Truste)e and Carolyn Varra | ENEXP | NA | 0.646903 | % | 0.431269 | % | 0.010777 | % | 0.026960 | % | 0.026949 | % | ||||||||||||||||||
CO | Weld | Norman & Patricia Freeman | ENEXP | 8/9/2011 | Reception #  ###-###-#### | NA | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||||
CO | Weld | Raymond and Gloria Winder Family Trust | ENEXP | 7/6/2011 | Reception #  ###-###-#### | NA | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
CO | Weld | Breniman Farms LLC | ENEXP | 12/8/2011 | Reception #3810605 | NA | 0.646903 | % | 0.431269 | % | 0.010777 | % | 0.026960 | % | 0.026949 | % | ||||||||||||||||
CO | Weld | Sharon L. Gray | ENEXP | 7/18/2011 | Reception #  ###-###-#### | NA | 0.646903 | % | 0.431269 | % | 0.010777 | % | 0.026960 | % | 0.026949 | % | ||||||||||||||||
CO | Weld | Norman & Patricia Freeman Trust | ENEXP | 5/2/2011 | Reception #3765901 | NA | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||||
CO | Weld | Gale A. Nelson | ENEXP | 8/8/2011 | Reception #  ###-###-#### | NA | 0.113208 | % | 0.075472 | % | 0.001886 | % | 0.004718 | % | 0.004716 | % |
Page 1 of 1
Exhibit D
See attached.
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVERS LICENSE NUMBER.
ASSIGNMENT OF OVERRIDING ROYALTY
(Multiple Assignees)
THE STATE OF WYOMING | § | |||
§ | ||||
§ | KNOW ALL MEN BY THESE PRESENTS: | |||
§ | ||||
COUNTIES OF LARAMIE AND GOSHEN | § | |||
§ |
Energy & Exploration Partners, LLC whose address is P.O. Box 471428, Fort Worth, Texas 76147-1376, hereinafter called Assignor, for and inconsideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, does by these presents, GRANT, ASSIGN, TRANSFER and CONVEY unto the parties set forth below, hereinafter called the Assignees:
Oso+Toro Multistrategy Fund Series Interest of the SALI Multiseries Fund II 3(C1) LP, whose address is 6836 Austin Center Boulevard, Suite 320, Austin, Texas 78731;
Oso+Toro Multistrategy Fund (Tax Exempt) Segregated Portfolio of the SALI Multiseries Fund SPC Ltd, whose address is 6836 Austin Center Boulevard, Suite 320, Austin, Texas 78731;
Carl Lasner, an individual, whose address is 1225 Red Hawk Rd., Wimberley, TX 78678;
Zachary Burk Lowe, an individual, whose address is 4154 Santa Barbara Dr., Dallas, Texas 75214;
Jason Roberts, an individual, whose address is 3005 Amherst Ave., Dallas, TX 75225.
an overriding royalty interest (the Overriding Royalty), as described in Exhibit A attached hereto and made a part hereof for all purposes, in all oil, gas and other hydrocarbons produced, save and sold under the terms of the Oil and Gas Leases described in Exhibit A (the Lease(s)) covering the lands described therein located in Laramie and Goshen Counties, Wyoming.
1
The assignment of Overriding Royalty made herein is subject to the following terms, conditions and provisions:
1. | For the purposes of calculating royalty payments, expenses and deductions, the Overriding Royalty shall be subject to the exact terms, conditions and provisions as those found in the Leases, on a lease by lease basis. In other words, should the underlying or referenced lease provide for cost free royalty then the Overriding Royalty shall also be free and clear of all cost and expenses of exploration, production, transportation and marketing, but shall bear its proportionate share of all gross production, severance, ad valorem and similar taxes. However, should the underlying referenced lease, on a lease by lease basis, be subject to deductions for transportation, dehydration and marketing then the Overriding Royalty shall also be subject to the same deductions and proportionate share of all gross production, severance, ad valorem and similar taxes. |
2. | If any of the Leases cover less than the full (100% of 8/8ths) interest in oil, gas and other minerals in all or any part of the lands and depths described therein, the Overriding Royalty shall be proportionately reduced and paid to Assignee in the proportion that the interest covered by said Lease bears to the entire mineral estate; |
3. | Assignor may, without the joinder of Assignee, pool and combine Assignees Overriding Royalty with other leases and lands in compliance with terms and conditions of the Leases. |
4. | The Overriding Royalty shall attach to any extension or renewals of the Leases and shall be calculated and paid in the same manner as the original reservation set forth herein. Any lease acquired by Assignor, or its successors or assigns, within one (1) year of the termination of the Leases shall be deemed an extension or renewal lease for the purposes of this provision insofar as the renewal or extension lease covers acreage transferred hereunder. |
TO HAVE AND TO HOLD the above described overriding royalty, together with all and singular the rights and appurtenances thereunto in anywise belonging unto Assignee, its successors and assigns forever; and Assignor does by these presents bind itself and its successors and assigns to warrant and forever defend all and singular, the Leases unto Assignee, its successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through or under Assignor, but not otherwise.
[Signature page follows.]
2
IN WITNESS WHEREOF, the parties have executed this instrument as of the dates set forth in the acknowledgement certificates below, but it is effective as of the date of each Lease.
ASSIGNOR
ENERGY & EXPLORATION PARTNERS, LLC, a Delaware limited liability company | ||
By: | ||
Hunt Pettit, President |
~ACKNOWLEDGEMENT~
STATE OF TEXAS
COUNTY OF TARRANT
The foregoing instrument was acknowledged before me on this of August, 2012 by Hunt Pettit, President of Energy & Exploration Partners, LLC, a Delaware limited liability company, on behalf of said company.
Notary Public in and for the State of Texas |
[Remainder of page intentionally left blank]
3
EXHIBIT A
Assignee ORRI (2) | ||||||||||||||||||||||||||||||||
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME (Reception#) | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||||
WY | Goshen | Ronald L. & Helga E. Cook | ENEXP | 1/31/2011 | 810 | 16 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
WY | Goshen | TNT Farms, Inc. c/o Debra Wilson | ENEXP | 1/31/2011 | 810 | 15 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
WY | Goshen | Robert S. & Christi L. Shields | ENEXP | 3/31/2011 | 813 | 114 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Timothy Rex & Kathleen Trumball | ENEXP | 2/22/2011 | 811 | 117 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Donald L. & Barbara R. Hill | ENEXP | 6/20/2011 | 818 | 142 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Susan K. Bryant | ENEXP | 3/29/2011 | 813 | 93 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
WY | Goshen | Patricia Cooper | ENEXP | 3/29/2011 | 813 | 92 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
WY | Goshen | Elizabeth Jane Newell | ENEXP | 3/29/2011 | 813 | 94 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||||
WY | Goshen | Rachel M. Schreiner Trust | ENEXP | 6/20/2011 | 818 | 143 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | State of Wyoming #10-00728 | ENEXP | 3/29/2011 | 813 | 91 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179686 | ENEXP | 3/29/2011 | 813 | 88 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179691 | ENEXP | 3/29/2011 | 813 | 89 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179692 | ENEXP | 3/29/2011 | 813 | 90 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Bureau of Land Management #179694 | ENEXP | 6/22/2011 | 818 | 158 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Gene & Karen Wolfe | ENEXP | 2/22/2011 | 811 | 114 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Rodney & Robbin Nipper | ENEXP | 2/22/2011 | 811 | 115 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Richard & Laura Young | ENEXP | 2/22/2011 | 811 | 116 | 0.283020 | % | 0.188680 | % | 0.004715 | % | 0.011795 | % | 0.011790 | % | ||||||||||||||||
WY | Goshen | Bob and Mary Sue Van Newkirk | ENEXP | 3/31/2011 | 813 | 113 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Brent and Cindy Medford | ENEXP | 4/13/2011 | 814 | 122 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Goshen | Terry & Julianne Rogers | ENEXP | 10/24/2011 | 824 | 66 | 0.452832 | % | 0.301888 | % | 0.007544 | % | 0.018872 | % | 0.018864 | % |
Page 1 of 3
EXHIBIT A
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME (Reception#) | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||||
WY | Goshen | Joel & Marilyn Miskimins | ENEXP | 3/31/2011 | 813 | 112 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Gwendolyn B. Miskimins | ENEXP | 3/31/2011 | 813 | 111 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Susan L. Sorrick | ENEXP | 3/29/2011 | 813 | 95 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Joan F. Beien | ENEXP | 3/21/2011 | 812 | 199 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Roland I. Schwindt | ENEXP | 5/20/2011 | 816 | 204 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Theodore & Georgia Whitaker | ENEXP | 9/20/2011 | 822 | 195 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Rodney & Lori Weyrich | ENEXP | 5/17/2011 | 816 | 165 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | James Allan Johnston | ENEXP | 7/5/2011 | 819 | 65 | 0.679248 | % | 0.452832 | % | 0.011316 | % | 0.028308 | % | 0.028296 | % | ||||||||||||||||
WY | Goshen | St. Josephs Childrens Home | ENEXP | 5/2/2011 | 815 | 160 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Goshen | Dudley D. Hatterman | ENEXP | 4/20/2011 | 815 | 76 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Tom A. & Verna R. Scott | ENEXP | 7/5/2011 | 819 | 66 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Steven N. Smith & Marion N. Smith, Trustees | ENEXP | 6/20/2011 | 818 | 141 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Goshen | Steven G. Shaddock | ENEXP | 6/21/2011 | 818 | 147 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | George G. Vaught, Jr. | ENEXP | 6/21/2011 | 818 | 148 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | McCulliss Resources Co. | ENEXP | 6/21/2011 | 818 | 149 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Brent C. Kaufman | ENEXP | 11/8/2011 | 825 | 97 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | John L. & Donna R. Bath | ENEXP | 12/9/2011 | 826 | 149 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Fred L. & Delores Reichert | ENEXP | 7/18/2011 | 819 | 188 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % |
Page 2 of 3
EXHIBIT A
STATE | COUNTY | LESSOR | LESSEE (1) | RECORDING DATE | VOLUME (Reception#) | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||||
WY | Goshen | Larry L. & Deidre Anderson | ENEXP | 6/20/2011 | 818 | 140 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Travis Evans | ENEXP | 7/11/2011 | 819 | 134 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | John D. Somsen, Jr. | ENEXP | 6/1/2011 | 817 | 129 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Goshen | John W. & Rosanna Harris | ENEXP | 8/8/2011 | 820 | 169 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Gary L. Sims, Iris K. Sims | ENEXP | 8/16/2011 | 821 | 69 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % | ||||||||||||||||
WY | Goshen | Gerald A. Stephenson and Mary Ann Stephenson Family Living Trust, Gerald A. Stephenson, Trustee | ENEXP | 6/27/2011 | 819 | 6 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Mary Ann Stephenson | ENEXP | 6/27/2011 | 819 | 5 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Goshen | Town of Yoder | ENEXP | 1/4/2012 | 828 | 61 | 0.452832 | % | 0.301888 | % | 0.007544 | % | 0.018872 | % | 0.018864 | % | ||||||||||||||||
WY | Laramie | Dale & Darlene Bowman | ENEXP | 1/10/2011 | 2202 | 1122 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | Robert T & Genevieve G. Scott | ENEXP | 12/14/2010 | 2198 | 635 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||||
WY | Laramie | State of Wyoming #10-00725 | ENEXP | 5/11/2011 | 2219 | 1132 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Laramie | State of Wyoming #10-00726 | ENEXP | 5/11/2011 | 2219 | 1136 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Laramie | State of Wyoming #10-00727 | ENEXP | 5/11/2011 | 2219 | 1134 | 0.377360 | % | 0.251573 | % | 0.006287 | % | 0.015727 | % | 0.015720 | % | ||||||||||||||||
WY | Laramie | Bureau of Land Management #179752 | ENEXP | 5/11/2011 | 2219 | 1128 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | B. Clinton & Shari L. Farrar | ENEXP | 2/3/2011 | 2206 | 913 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | Marilyn E. Luman and Merril J. Luman | ENEXP | 2/23/2011 | 2208 | 1504 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | Butler Farms | ENEXP | 5/27/2011 | 2221 | 1134 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | Jody Lynn Clark (aka Jody Lynn Cole)(Addl per Laycock Duhig) | ENEXP | 6/1/2011 | 2222 | 162 | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | Janet Stahla | ENEXP | TBD | TBD | TBD | 0.849060 | % | 0.566040 | % | 0.014145 | % | 0.035385 | % | 0.035370 | % | ||||||||||||||||
WY | Laramie | Bonnie J. Kester | ENEXP | 11/21/2011 | 2246 | 470 | 0.141510 | % | 0.094340 | % | 0.002357 | % | 0.005897 | % | 0.005895 | % |
Page 3 of 3
Exhibit E
See attached.
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVERS LICENSE NUMBER.
ASSIGNMENT OF OVERRIDING ROYALTY
(Multiple Assignees)
THE STATE OF TEXAS | § | |||||
§ | ||||||
§ | KNOW ALL MEN BY THESE PRESENTS: | |||||
§ | ||||||
COUNTY OF LYNN | § | |||||
§ |
Energy & Exploration Partners, LLC whose address is P.O. Box 471428, Fort Worth, Texas 76147-1376, hereinafter called Assignor, for and inconsideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, does by these presents, GRANT, ASSIGN, TRANSFER and CONVEY unto the parties set forth below, hereinafter called the Assignees:
Oso+Toro Multistrategy Fund Series Interest of the SALI Multiseries Fund II 3(C1) LP, whose address is 6836 Austin Center Boulevard, Suite 320, Austin, Texas 78731;
Oso+Toro Multistrategy Fund (Tax Exempt) Segregated Portfolio of the SALI Multiseries Fund SPC Ltd, whose address is 6836 Austin Center Boulevard, Suite 320, Austin, Texas 78731;
Carl Lasner, an individual, whose address is 1225 Red Hawk Rd., Wimberley, TX 78678;
Zachary Burk Lowe, an individual, whose address is 4154 Santa Barbara Dr., Dallas, Texas 75214;
Jason Roberts, an individual, whose address is 3005 Amherst Ave., Dallas, TX 75225.
an overriding royalty interest (the Overriding Royalty), as described in Exhibit A attached hereto and made a part hereof for all purposes, in all oil, gas and other hydrocarbons produced, save and sold under the terms of the Oil and Gas Leases described in Exhibit A (the Lease(s)) covering the lands described therein located in Lynn County, Texas.
The assignment of Overriding Royalty made herein is subject to the following terms, conditions and provisions:
1. | For the purposes of calculating royalty payments, expenses and deductions, the Overriding Royalty shall be subject to the exact terms, conditions and provisions as those found in the Leases, on a lease by lease basis. In other words, should the underlying or referenced lease provide for cost free royalty then the Overriding Royalty shall also be free and clear of all cost and expenses of exploration, production, transportation and marketing, but shall bear its proportionate share of all gross production, severance, ad valorem and similar taxes. However, should the underlying referenced lease, on a lease by lease basis, be subject to deductions for transportation, dehydration and marketing then the Overriding Royalty shall also be subject to the same deductions and proportionate share of all gross production, severance, ad valorem and similar taxes. |
2. | If any of the Leases cover less than the full (100% of 8/8ths) interest in oil, gas and other minerals in all or any part of the lands and depths described therein, the Overriding Royalty shall be proportionately reduced and paid to Assignee in the proportion that the interest covered by said Lease bears to the entire mineral estate; |
3. | Assignor may, without the joinder of Assignee, pool and combine Assignees Overriding Royalty with other leases and lands in compliance with terms and conditions of the Leases. |
4. | The Overriding Royalty shall attach to any extension or renewals of the Leases and shall be calculated and paid in the same manner as the original reservation set forth herein. Any lease acquired by Assignor, or its successors or assigns, within one (1) year of the termination of the Leases shall be deemed an extension or renewal lease for the purposes of this provision insofar as the renewal or extension lease covers acreage transferred hereunder. |
TO HAVE AND TO HOLD the above described overriding royalty, together with all and singular the rights and appurtenances thereunto in anywise belonging unto Assignee, its successors and assigns forever; and Assignor does by these presents bind itself and its successors and assigns to warrant and forever defend all and singular, the Leases unto Assignee, its successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through or under Assignor, but not otherwise.
[Signature page follows.]
IN WITNESS WHEREOF, the parties have executed this instrument as of the dates set forth in the acknowledgement certificates below, but it is effective as of the date of each Lease.
ASSIGNOR
ENERGY & EXPLORATION PARTNERS, LLC, a Delaware limited liability company
By: | ||
Hunt Pettit, President |
~ACKNOWLEDGEMENT~
STATE OF TEXAS
COUNTY OF TARRANT
The foregoing instrument was acknowledged before me on this of August, 2012 by Hunt Pettit, President of Energy & Exploration Partners, LLC, a Delaware limited liability company, on behalf of said company.
Notary Public in and for the State of Texas |
[Remainder of page intentionally left blank]
EXHIBIT A
ASSIGNEE ORRI (2) | ||||||||||||||||||||||||||||
LESSOR | LESSEE (1) | LEASE DATE | VOLUME | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||
Tom and Janice Hoskins | ENEXP | 3/7/2011 | 407 | 618 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||
Luke Speckman and Caress Inman | ENEXP | 4/4/2011 | 409 | 622 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Dell and Susan Cannon | ENEXP | 4/19/2011 | 407 | 680 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Edwards - Sleeper-Harris Land Company | ENEXP | 6/6/2011 | 407 | 677 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Duward D. Hancock, aka Donald D. Hancock aka D.D. Hancock, and wife Joyce Hancock, aka Wanda Joyce Hancock | ENEXP | 6/9/2011 | 412 | 121 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Dahlen K. Hancock and wife, Jody E. Hancock | ENEXP | 6/9/2011 | 412 | 125 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Gid R. Moore, dealing in his sole and separate property | ENEXP | 6/9/2011 | 412 | 129 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Ruby Lee Moore, aka Lee More, aka Ruby Lee Hancock, dealing in her sole and separate property | ENEXP | 6/9/2011 | 412 | 131 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % |
EXHIBIT A
LESSOR | LESSEE (1) | LEASE DATE | VOLUME | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||
Durward D. Hancock, aka Donald D. Hancock aka D.D. Hancock, dealing in his sole and separate property, joined pro forma by his wife, Joyce Hancock, aka Wanda Joyce Hancock, Lessor(s) | ENEXP | 6/9/2011 | 412 | 123 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Lit H. Moore, aka L. H. Moore, aka L.H. Moore, Jr., and wife, Ruby Lee Moore, aka Lee Moore | ENEXP | 6/9/2011 | 412 | 127 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Alan Mitchell West and Amy Leanne West | ENEXP | 5/26/2011 | 407 & 411 | 626 & 95 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Laura L. Harris | ENEXP | 6/13/2011 | 408 | 601 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Kimberly Ann Groux | ENEXP | 6/13/2011 | 408 | 842 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
W. Page Harris III | ENEXP | 6/13/2011 | 408 | 603 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Muriel Joy Smith | ENEXP | 5/13/2011 | 410 | 901 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Charles A. Smith | ENEXP | 5/13/2011 | 410 | 65 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Shirley A. Smith | ENEXP | 5/13/2011 | 410 | 61 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Daniel Taylor and Linda Taylor | ENEXP | 5/13/2011 | 412 | 119 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % |
EXHIBIT A
LESSOR | LESSEE (1) | LEASE DATE | VOLUME | PAGE | OSO1 | OSO2 | Carl Lasner | Jason Roberts | LOWE | |||||||||||||||||||
Beulah Faye Nieman Trust, Charles A. Smith Trustee, UWO Charles Clyde Smith, deceased | ENEXP | 5/13/2011 | 410 | 63 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Yvonne Nettles McClung | ENEXP | 6/21/2011 | 414 | 794 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
The Briley By-Pass Trust, Margaret Elizabeth Wills Briley, Trustee | ENEXP | 6/30/2011 | 413 | 592 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Kay Halamicek Lewis | ENEXP | 6/30/2011 | 410 | 53 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Lynn Carl Halamicek | ENEXP | 6/30/2011 | 410 | 57 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Raye Halamicek | ENEXP | 6/30/2011 | 410 | 59 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
David Kinsey | ENEXP | 6/30/2011 | 410 | 55 | 0.226416 | % | 0.150944 | % | 0.003772 | % | 0.009436 | % | 0.009432 | % | ||||||||||||||
Wayland Baptist University | ENEXP | 6/27/2012 | 424 | 459 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||
Buckner Foundation, fromerly known as Buckner International | ENEXP | 6/26/2012 | 424 | 65 | 0.283020 | % | 0.188680 | % | 0.004715 | % | 0.011795 | % | 0.011790 | % | ||||||||||||||
Janet Collier Oldham and Cecil Dwight Oldham, husband and wife | ENEXP | 5/15/2009 | 422 | 678 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||
Jack Collier and Jerelyn Collier, husband and wife | ENEXP | 5/15/2009 | 422 | 676 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % | ||||||||||||||
Ann King Spilger | ENEXP | 6/15/2012 | 424 | 461 | 0.566040 | % | 0.377360 | % | 0.009430 | % | 0.023590 | % | 0.023580 | % |