ASSIGNMENT OF OVERRIDING ROYALTY (Multiple Assignees)

Contract Categories: Business Finance - Assignment Agreements
EX-10.15 15 d406707dex1015.htm ASSIGNMENT OF OVERRIDING ROYALTY (TDM HOLDING, LLC) Assignment of Overriding Royalty (TDM Holding, LLC)

Exhibit 10.15

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 DRIVER’S LICENSE NUMBER.

ASSIGNMENT OF OVERRIDING ROYALTY

(Multiple Assignees)

 

THE STATE OF TEXAS   §    
  §    
  §   KNOW ALL MEN BY THESE PRESENTS:  
  §    
COUNTY OF MADISON, GRIMES   §    

AND WALKER

  §    

TDM Holding, LLC whose address is 100 Throckmorton, Ste. 1700, Fort Worth, Texas 76102, 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”:

KSJR, LLC, a Texas limited liability company whose address is P.O. Box 68, Kenny, Texas 77452;

Karpman Enterprises, LP, a Texas limited partnership whose address is 2721 Manorwood Trail, Fort Worth, Texas 76109;

CDA Energy, LLC, a Texas limited liability company whose address is 1926 Stafford Rd., Grapevine, Texas 76015;

DLP Resources, LLC, a Texas limited liability company whose address is 3121 Sweetbriar Lane, Fort Worth, Texas 76109;

Alpine Ventures International, LLC, a Texas limited liability company whose address is 4654 Trevor Trail, Grapevine, Texas 76051;

Pettit 2012 Children’s Trust whose address is 2821 Lenox, Fort Worth, Texas 76107;

BHP Consulting LP, a Texas limited partnership whose address is 3821 Lenox, Fort Worth, Texas 76107; and


Brian Corbett Nelson, an individual, whose address is 3090 Bellaire Ranch Dr., Apt. 422, Fort Worth, Texas 76109;

Tom D. McNutt, an individual, whose address is 2000 Bremen St., Austin, 78703;

Charlotte Brandenburg, an individual, whose address is 5324 Big Bend Dr., Fort Worth, Texas 76137;

Carey Hewitt, an individual, whose address is 4509 Ramsgate Ct., Arlington 76013.

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 Madison, Grimes and Walker Counties, 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 Assignee’s 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
TDM HOLDING, LLC, a Texas limited liability company
By:  

/s/ Tom D. McNutt

 

Tom D. McNutt, Manager

~ACKNOWLEDGEMENT~

STATE OF TEXAS

COUNTY OF TARRANT

The foregoing instrument was acknowledged before me on this 20 of August, 2012 by Tom D. McNutt, Manager of TDM Holding, LLC, a Texas limited liability company, on behalf of said company.

 

[SEAL]

     

/s/ Steven Chapman

     

Notary Public in and for the State of Texas

[Remainder of page intentionally left blank]


EXIHIBIT A

 

                ASSIGNEE ORRI (2)  

LESSOR

  LESSEE (1)   COUNTY   LEASE DATE   ALPINE     CDA     KARPMAN     DLP     PETTIT     BHP     BRANDENBURG     HEWITT     BCN     KSJR     TDM  

Michael W. Elley, Trustee of the Kenneth Darryll Dufresne Trust

  ENEXP   Grimes &
Madison
  2/8/2012     0.0550     0.0550     0.1100     0.1100     0.2750     0.2750     0.0275     0.0275     0.0550     0.0550     0.0550

Rita Mathilde Smart & Michael W. Elley, Co-Trustees of the John Naylor Forman Residuary Trust for the benefit of George Forman

  ENEXP   Grimes &
Madison
  2/8/2012     0.0550     0.0550     0.1100     0.1100     0.2750     0.2750     0.0275     0.0275     0.0550     0.0550     0.0550

Rita Mathilde Smart & Michael W. Elley, Co-Trustees of the John Naylor Forman Residuary Trust for the benefit of John Forman

  ENEXP   Grimes &
Madison
  2/8/2012     0.0550     0.0550     0.1100     0.1100     0.2750     0.2750     0.0275     0.0275     0.0550     0.0550     0.0550

Thomas W. Blake Trust, Bill Patterson, Managing Trustee

  ENEXP   Grimes   1/27/2012     0.1400     0.1400     0.2800     0.2800     0.7000     0.7000     0.0700     0.0700     0.1400     0.1400     0.1400

Mary D’Layne Fargason

  ENEXP   Grimes   1/11/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Benfer, Arthur & Shirely (assignment via Tayland Resources, LLC)

  ENEXP   Grimes   9/16/2009     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Turner, Deborah Segler (assignment via Tayland Resources, LLC)

  ENEXP   Grimes   10/14/2009     0.2500     0.2500     0.5000     0.5000     1.2500     1.2500     0.1250     0.1250     0.2500     0.2500     0.2500

Donald Crowson and wife, Dorothy Crowson

  ENEXP   Grimes   12/29/2011     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Dennis Crowson

  ENEXP   Grimes   1/10/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Lynda L. Goodrum

  ENEXP   Grimes   1/14/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

William Eugene Hill

  ENEXP   Grimes   1/25/2012     0.1150     0.1150     0.2300     0.2300     0.5750     0.5750     0.0575     0.0575     0.1150     0.1150     0.1150

Eugena Scott, a/k/a Eugenia Scott, a married woman dealing in her sole and separate property

  ENEXP   Grimes   2/9/2012     0.1750     0.1750     0.3500     0.3500     0.8750     0.8750     0.0875     0.0875     0.1750     0.1750     0.1750


EXHIBIT A

 

 

LESSOR

   LESSEE (1)    COUNTY    LEASE DATE    ALPINE     CDA     KARPMAN     DLP     PETTIT     BHP     BRANDENBURG     HEWITT     BCN     KSJR     TDM  

Frederick J. Boone

   ENEXP    Grimes    2/17/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Knud I. Bruun Family Properties, Ltd., Lance K. Bruun, General Partner, Lance K. Bruun, individually as his sole and separate property, and Marla Bruun Maxwell Dennis, as her sole and separate property

   ENEXP    Grimes    2/28/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Barbara Fitzsimmons

   ENEXP    Grimes    2/27/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Mary N. Linnenberg

   ENEXP    Grimes    2/27/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Janet Edwards Landry

   ENEXP    Grimes    6/6/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Yvonne Lacy

   ENEXP    Grimes    6/10/2012      0.1200     0.1200     0.2400     0.2400     0.6000     0.6000     0.0600     0.0600     0.1200     0.1200     0.1200

Tom P. True, Sr. and Ina True

   ENEXP    Grimes    3/28/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Michael Harris Rigby and Jennie Rigby

   ENEXP    Grimes    4/27/2012      0.1000     0.1000     0.2000     0.2000     0.5000     0.5000     0.0500     0.0500     0.1000     0.1000     0.1000

Nancy Rigby Stevenson

   ENEXP    Grimes    4/27/2012      0.1000     0.1000     0.2000     0.2000     0.5000     0.5000     0.0500     0.0500     0.1000     0.1000     0.1000

Nancy Rigby Stevenson as legal guardian of Bonnie L. Rigby

   ENEXP    Grimes    4/27/2012      0.1000     0.1000     0.2000     0.2000     0.5000     0.5000     0.0500     0.0500     0.1000     0.1000     0.1000

Robert Lys and wife, Bessie Ann Lys

   ENEXP    Grimes    6/4/2012      0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Gibbs Brothers & Company, L.L.C.

   ENEXP    Grimes    6/1/2012      0.1000     0.1000     0.2000     0.2000     0.5000     0.5000     0.0500     0.0500     0.1000     0.1000     0.1000

Thomas L. Dreher and wife, Vergie E. Dreher

   ENEXP    Grimes    6/10/2012      0.1200     0.1200     0.2400     0.2400     0.6000     0.6000     0.0600     0.0600     0.1200     0.1200     0.1200

Bobbie M. Rigby, Trustee of The Edwin C. Rigby and Bobbie M. Rigby Revocable Living Trust

   ENEXP    Grimes    10/10/2011      0.0550     0.0550     0.1100     0.1100     0.2750     0.2750     0.0275     0.0275     0.0550     0.0550     0.0550

Robert L. Eichenour and Daniel L. Eichenour, Individually and as Partners of Diamond E, L.L.C.

   ENEXP    Grimes
&
Madison
   2/8/2012      0.0750     0.0750     0.1500     0.1500     0.3750     0.3750     0.0375     0.0375     0.0750     0.0750     0.0750

Helen Karuba

   ENEXP    Grimes    9/7/2010      0.0324     0.0324     0.0648     0.0648     0.1620     0.1620     0.0162     0.0162     0.0324     0.0324     0.0324

Joy Strawn Truelock, dealing in her sole and separate property

   ENEXP    Grimes    10/13/2010      0.0324     0.0324     0.0648     0.0648     0.1620     0.1620     0.0162     0.0162     0.0324     0.0324     0.0324

 


EXHIBIT A

 

 

LESSOR

  LESSEE (1)   COUNTY   LEASE DATE   ALPINE     CDA     KARPMAN     DLP     PETTIT     BHP     BRANDENBURG     HEWITT     BCN     KSJR     TDM  

Candi Todaro Frazier, dealing in her sole and separate property

  ENEXP   Grimes   10/13/2010     0.0324     0.0324     0.0648     0.0648     0.1620     0.1620     0.0162     0.0162     0.0324     0.0324     0.0324

Eva McDougald

  ENEXP   Grimes   9/17/2010     0.0324     0.0324     0.0648     0.0648     0.1620     0.1620     0.0162     0.0162     0.0324     0.0324     0.0324

Chester McDougald

  ENEXP   Grimes   9/21/2010     0.0324     0.0324     0.0648     0.0648     0.1620     0.1620     0.0162     0.0162     0.0324     0.0324     0.0324

Carol J. Tidwell

  ENEXP   Madison   11/11/2011     0.0750     0.0750     0.1500     0.1500     0.3750     0.3750     0.0375     0.0375     0.0750     0.0750     0.0750

Margaret Nan Nowlin

  ENEXP   Madison   11/11/2011     0.0750     0.0750     0.1500     0.1500     0.3750     0.3750     0.0375     0.0375     0.0750     0.0750     0.0750

Pettit, Anne C.

  ENEXP   Madison   1/6/2012     0.0750     0.0750     0.1500     0.1500     0.3750     0.3750     0.0375     0.0375     0.0750     0.0750     0.0750

Rollan Charles Park

  ENEXP   Madison   2/3/2012     0.0750     0.0750     0.1500     0.1500     0.3750     0.3750     0.0375     0.0375     0.0750     0.0750     0.0750

Glen Iris Capo

  ENEXP   Madison   4/6/2012     0.1000     0.1000     0.2000     0.2000     0.5000     0.5000     0.0500     0.0500     0.1000     0.1000     0.1000

Dennis L. McWhorter and wife, Karen I. McWhorter and Karen I. McWhorter a/k/a Glenda Karen Isbell McWhorter, dealing in her sole and separate property

  ENEXP   Madison   1/1/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Grall Ranch, LTD. (assignment via P.L.E., Inc.)

  ENEXP   Madison   8/13/2010     0.0950     0.0950     0.1900     0.1900     0.4750     0.4750     0.0475     0.0475     0.0950     0.0950     0.0950

Cynthia A. Veselka, a married women, dealing in her sole and separate property

  ENEXP   Grimes &
Madison
  7/5/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Charles M. Baker & wife, Janis Jo Baker, Charles Heath Baker & Jessica Baker (assignment via Weber Energy Corporation)

  ENEXP   Grimes &
Madison
  8/23/2010     0.0950     0.0950     0.1900     0.1900     0.4750     0.4750     0.0475     0.0475     0.0950     0.0950     0.0950

Krista M. Bryant (assignment via Weber Energy Corporation)

  ENEXP   Grimes &
Madison
  9/24/2010     0.0950     0.0950     0.1900     0.1900     0.4750     0.4750     0.0475     0.0475     0.0950     0.0950     0.0950

Glynn Ray Shiflet, d/s/s/p

  ENEXP   Madison   6/29/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Joy Addison

  ENEXP   Madison   2/16/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

 


EXHIBIT A

 

 

LESSOR

  LESSEE (1)   COUNTY   LEASE
DATE
  ALPINE     CDA     KARPMAN     DLP     PETTIT     BHP     BRANDENBURG     HEWITT     BCN     KSJR     TDM  

Dona Skains

  ENEXP   Madison   2/16/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Bradley Louis Mathis

  ENEXP   Madison   2/16/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

NevJon Properties, LLC, a Texas Limited Liability Company

  ENEXP   Madison   5/18/2012     0.1000     0.1000     0.2000     0.2000     0.5000     0.5000     0.0500     0.0500     0.1000     0.1000     0.1000

James Brett Kindred

  ENEXP   Madison   5/23/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Zane A. Kindred

  ENEXP   Madison   5/23/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Tommy Parker, Jr.

  ENEXP   Madison   2/18/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Patrick D. George

  ENEXP   Madison   3/10/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

James Brett Kindred

  ENEXP   Madison   3/10/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Zane A. Kindred

  ENEXP   Madison   3/10/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Linnie M. Stone

  ENEXP   Madison   5/10/2012     0.2000     0.2000     0.4000     0.4000     1.0000     1.0000     0.1000     0.1000     0.2000     0.2000     0.2000

Norman Morris and wife, Susanne Morris

  ENEXP   Madison   5/30/2012     0.1200     0.1200     0.2400     0.2400     0.6000     0.6000     0.0600     0.0600     0.1200     0.1200     0.1200