HomeMy WebLinkAboutC2007-111 - 3/20/2007 - ApprovedDIVISION ORDER
To ~ TruR#~ Resqurces, L.P.
44~ Louislt~na, Suite 900
HoMston,toxas 77002
Lease No. TX-08260
Date November 29, 2006
Each of the undersigned severally and not joinUy certifies it is the legal owner of the interest set out below of all the oil produced from the RAY, GEORGE A.
lease, located'ln BEE County/Parish, State of Texas more particularly described as follows:
PLEASE PROVIDE PROPERTY DESCRIPTION
Effective 7 a.-~, OCTQB~R 1, 2006 and untll further wntten notice, subject to the conditions, covenants and directions hereof, Trt~th Resources, L.P. (Payor)
its successor ~d assigns, are authorized to receive and purchase such oif and to give cxedit to the foNowing:
WNtK Np, ~ OWNER TYPE ,~ lNTEREST CREDIT TO
----------+- -_-;_-_ ~ _ _.- NAME AND ADDF
CORP02 ~ OVERIDE 0.000062500 CITY OF CORPUS CHRtSTI
' ' ATTN: DIRfCTOR OF CITY LIBRARIES
P.O. BOX 9277
_ i-_~ CORPUS CHRISTI TX 78469-9277
- __- ----- - --1 -__-----
TFitS AGRE NT DQ~S NOT AMENL~ ANY LEASE Q!2 OPERATtNG AGREEMtPIT BETWEEN THE tNTEREST OWNERS AND i i1E LESSEE OR
OPERATOR~ANY ESYHER CONTRACTS FOR THE PURCHASE OF OIL.
The following pqovisions apply to each interest owner (Qwnerl who executes this agreement
TEtRMS OF S~;E: The undersigned will be paid in accordance with the division of interests set out above. The payor shall pay all parties at the price
agreed to by ~e openltbr for oil to be sold pursuant to this division order. Purchaser shall compute quantily and make corrections for gravity and
tem~erature and make deduction for impurities.
PAYMENT: F~m the ~ective date, payment is to be made monthly by payor's check, based on this division of inisrest, for oil run during the preceding
calendar monttF~rom tt~i property listed abov~e, less taues required by law to be deducted arxi remitted by Uie payor as purchaser. Payments of less than
$50.00 may ber accxued before disbursemer~ until the total amount equals $50.00 or more, or before December 31 of each y~, whichever occurs first
However, the P~ayor m~y hold accumulated proceeds of less than $10.00 until production ceases or the Payor's responsibility for making payment for
proctuction cea~s, whichever occurs first. Payee agrees to refund to payor any amounts attributable to an interest or part of an interest that payee does not
own.
INDEMNITY: ~wner ay~rees to indemnify and hold payor hartnless from all liability resulting from payments made to the ovmer in accordance with such
division of inte~+~st, incluidh~g but not timited to attomey fiees or judgments in connection with any suit that affects owners interest to which payor is made a
party.
DISI-UTE: Wf~IHOLDWG OF FUNDS: If a tuit is filed that affec{s the interest of owner, mitten notice shall be given to payw by the ovmer together with a
copy of the co~laint qr petition filed. In the event of a Gaim or dispute that affects title to the division of interest credited herein, payor is authorized to
withhold paymeNEs accrt~rfg to such interest without interest unless othervvise required by applipble statute, until the Gaim or dispute is settled.
TERMINATION: 7ermit~tion of the agreement is effec6ve on the first day of the month that begins after the 30"' day after ihe date written notice of
termination is reCeived by either paRy.
N07'ICES: Owrt~r agre~ to notify payor in writing of any change in the division of interest, induding charn~es of interest contingent on payment of money or
expi€ation of tir~. No cltange of interest is binding on payor until a copy of the recorded instrument of change or documents saG~actonly evidencing such
cnange are furr~hed to payor. Hny change o# interest snall be made effective on the first day of the month folbwing receipt of such notice by payor. Any
correspondence~egardi~ this agreement shall be furnished to the addresses listed unless otherwise advised by either party.
IMPpRTANT: I~p PAYM~NT WILL BE MADE UNTIL TRUTH RESOURCES, L.P. HAS YOUR SOCIAL SECURITY/TAX I.D. NUMBER
., .,~~,..., -- ~..,.T.. W... ..,.e. ...._____._
WITNESSES: ~--~~-
~--_~ S NATURE OF O ER: OWNER'S SOCIAL SECURITY OR
~ IRS TAX ACCOUNT NUMBER
~'~ -- ' ~,! add.s~~
!~t I~~3E2T ~s- ,
_e C~~{//~ lcs~
ApplpMed a~ to brm: . r-,~ ,~cst -
Is yoe~r signatuh witnetpd? r~1~T~& ~u~ correct add~ess shown? 20~7-111
~ 03/20/07
~ «~ ~ ~~„d-y ~. 0~~1
Res027177
"Truth Resources
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