T (214) 919-0133 | F (214) 865-6020 | P.O.

Box 1667, Addison, Texas 75001

www.PrestonRidgeOil.com

November 2, 2018

LEWIS NEGLEY FADER

15 Cameron Glen Dr NW
Atlanta, GA 30328

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LEWIS NEGLEY FADER $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LEWIS NEGLEY FADER Preston Ridge

15 Cameron Glen Dr NW Oil
Atlanta, GA 30328 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LEWIS NEGLEY FADER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
LEWIS NEGLEY FADER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

RICHARD CONWELL FADER

13904 Bayport Landing Rd
Midlothian, VA 23112

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: RICHARD CONWELL FADER $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

RICHARD CONWELL FADER Preston Ridge

13904 Bayport Landing Rd Oil
Midlothian, VA 23112 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That RICHARD CONWELL FADER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
RICHARD CONWELL FADER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

SAMUEL WHARTON FADER JR

9 Ledgewood Dr
Dover, MA 2030

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: SAMUEL WHARTON FADER JR $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

SAMUEL WHARTON FADER JR Preston Ridge

9 Ledgewood Dr Oil
Dover, MA 2030 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That SAMUEL WHARTON FADER JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
SAMUEL WHARTON FADER JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CAROLYN ANN FADER YOWELL

2553 Robert Fenton Rd
Williamsburg, VA 23185

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CAROLYN ANN FADER YOWELL $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CAROLYN ANN FADER YOWELL Preston Ridge

2553 Robert Fenton Rd Oil
Williamsburg, VA 23185 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CAROLYN ANN FADER YOWELL

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CAROLYN ANN FADER YOWELL

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JEH INTERESTS
PO Box 418
Uvalde, TX 78802

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JEH INTERESTS $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JEH INTERESTS Preston Ridge

PO Box 418 Oil
Uvalde, TX 78802 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JEH INTERESTS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JEH INTERESTS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

STEVE L VINSON
4245 N Central Expy #440
Dallas, TX 75205

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: STEVE L VINSON $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

STEVE L VINSON Preston Ridge

4245 N Central Expy #440 Oil
Dallas, TX 75205 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That STEVE L VINSON

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
STEVE L VINSON

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

THOMAS L MCCULLOUGH
881 Blue Ridge Rd
Pittsburgh, PA 15239

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: THOMAS L MCCULLOUGH $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

THOMAS L MCCULLOUGH Preston Ridge

881 Blue Ridge Rd Oil
Pittsburgh, PA 15239 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That THOMAS L MCCULLOUGH

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
THOMAS L MCCULLOUGH

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

SUSAN JANE Y NOVALSKY

41 N Horace St
Woodbury, NJ 8096

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: SUSAN JANE Y NOVALSKY $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

SUSAN JANE Y NOVALSKY Preston Ridge

41 N Horace St Oil
Woodbury, NJ 8096 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That SUSAN JANE Y NOVALSKY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
SUSAN JANE Y NOVALSKY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

LELAND H MILLER
2624 Ehlinger-Becker Rd
Fayetteville, TX 78940

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LELAND H MILLER $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LELAND H MILLER Preston Ridge

2624 Ehlinger-Becker Rd Oil
Fayetteville, TX 78940 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LELAND H MILLER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
LELAND H MILLER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

FADER FAMILY LLC

9834 Michaels Way
Ellicott City, MD 21042

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: FADER FAMILY LLC $300.00
Three Hundred Dollars and No Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

FADER FAMILY LLC Preston Ridge

9834 Michaels Way Oil
Ellicott City, MD 21042 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That FADER FAMILY LLC

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
FADER FAMILY LLC

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

ELIZABETH KENDRICK
2102 N 20th St
Boise, ID 83702

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: ELIZABETH KENDRICK $312.60
Three Hundred Twelve Dollars and Fifty Nine Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

ELIZABETH KENDRICK Preston Ridge

2102 N 20th St Oil
Boise, ID 83702 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That ELIZABETH KENDRICK

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
ELIZABETH KENDRICK

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

KATHERINE KENDRICK
8605 Santa Monica Blvd
West Hollywood, CA 90069

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: KATHERINE KENDRICK $312.60
Three Hundred Twelve Dollars and Fifty Nine Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

KATHERINE KENDRICK Preston Ridge

8605 Santa Monica Blvd Oil
West Hollywood, CA 90069 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That KATHERINE KENDRICK

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
KATHERINE KENDRICK

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

ANNE KENDRICK SIRI

400 Montecillo Dr
Walnut Creek, CA 94595

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: ANNE KENDRICK SIRI $312.60
Three Hundred Twelve Dollars and Fifty Nine Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

ANNE KENDRICK SIRI Preston Ridge

400 Montecillo Dr Oil
Walnut Creek, CA 94595 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That ANNE KENDRICK SIRI

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
ANNE KENDRICK SIRI

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

RANDALL MARK BRYANT

123 W Washington Ave #305
Madison, WI 53703

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: RANDALL MARK BRYANT $326.49
Three Hundred Twenty Six Dollars and Forty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

RANDALL MARK BRYANT Preston Ridge

123 W Washington Ave #305 Oil
Madison, WI 53703 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That RANDALL MARK BRYANT

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
RANDALL MARK BRYANT

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CAROLYN W PRUETT
PO Box 550
Gilmer, TX 75644

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CAROLYN W PRUETT $333.43
Three Hundred Thirty Three Dollars and Forty Three Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CAROLYN W PRUETT Preston Ridge

PO Box 550 Oil
Gilmer, TX 75644 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CAROLYN W PRUETT

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CAROLYN W PRUETT

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JOSEPH M BECKETT III

PO Box 423
Kitty Hawk, NC 27949

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JOSEPH M BECKETT III $340.38
Three Hundred Forty Dollars and Thirty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JOSEPH M BECKETT III Preston Ridge

PO Box 423 Oil
Kitty Hawk, NC 27949 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JOSEPH M BECKETT III

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JOSEPH M BECKETT III

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

HENRY COHEN TRUST

777 Main St #1300
Fort Worth, TX 76102

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: HENRY COHEN TRUST $409.85
Four Hundred Nine Dollars and Eighty Four Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

HENRY COHEN TRUST Preston Ridge

777 Main St #1300 Oil
Fort Worth, TX 76102 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That HENRY COHEN TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
HENRY COHEN TRUST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DOROTHY JONELL TEETS

1709 N Hills Blvd
Van Buren, AR 72956

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DOROTHY JONELL TEETS $423.74
Four Hundred Twenty Three Dollars and Seventy Four Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DOROTHY JONELL TEETS Preston Ridge

1709 N Hills Blvd Oil
Van Buren, AR 72956 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DOROTHY JONELL TEETS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DOROTHY JONELL TEETS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

ARTHUR J BARRETT TRUST

6797 Valley Spring Dr
Bloomfield Hills, MI 48301

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: ARTHUR J BARRETT TRUST $493.21
Four Hundred Ninety Three Dollars and Twenty Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

ARTHUR J BARRETT TRUST Preston Ridge

6797 Valley Spring Dr Oil
Bloomfield Hills, MI 48301 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That ARTHUR J BARRETT TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
ARTHUR J BARRETT TRUST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DONALD C KITZMILLER
11312 Millbrook Rd
Blanchard, MI 49310

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DONALD C KITZMILLER $493.21
Four Hundred Ninety Three Dollars and Twenty Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DONALD C KITZMILLER Preston Ridge

11312 Millbrook Rd Oil
Blanchard, MI 49310 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DONALD C KITZMILLER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DONALD C KITZMILLER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

BURGESS LEWIS
5930 S Lakeshore Dr
Shreveport, LA 71119

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: BURGESS LEWIS $500.15
Five Hundred Dollars and Fifteen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

BURGESS LEWIS Preston Ridge

5930 S Lakeshore Dr Oil
Shreveport, LA 71119 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That BURGESS LEWIS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
BURGESS LEWIS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

THOMAS LEWIS III

5731 Lakefront Dr
Shreveport, LA 71119

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: THOMAS LEWIS III $500.15
Five Hundred Dollars and Fifteen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

THOMAS LEWIS III Preston Ridge

5731 Lakefront Dr Oil
Shreveport, LA 71119 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That THOMAS LEWIS III

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
THOMAS LEWIS III

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JAN LEWIS BOOKTER

1822 Hunter Cir
Shreveport, LA 71119

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JAN LEWIS BOOKTER $507.10
Five Hundred Seven Dollars and Nine Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JAN LEWIS BOOKTER Preston Ridge

1822 Hunter Cir Oil
Shreveport, LA 71119 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JAN LEWIS BOOKTER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JAN LEWIS BOOKTER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

LEITH TALAMO
210 E 73rd St #4b
New York, NY 10021

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LEITH TALAMO $514.05
Five Hundred Fourteen Dollars and Four Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LEITH TALAMO Preston Ridge

210 E 73rd St #4b Oil
New York, NY 10021 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LEITH TALAMO

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
LEITH TALAMO

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MIDLAND TRUST
PO Box 9257
Dallas, TX 75209

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MIDLAND TRUST $604.35
Six Hundred Four Dollars and Thirty Five Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MIDLAND TRUST Preston Ridge

PO Box 9257 Oil
Dallas, TX 75209 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MIDLAND TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MIDLAND TRUST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DEWEY H MCCRAVY JR
3111 Glengold Dr
Farmers Branch, TX 75234

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DEWEY H MCCRAVY JR $652.98
Six Hundred Fifty Two Dollars and Ninety Seven Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DEWEY H MCCRAVY JR Preston Ridge

3111 Glengold Dr Oil
Farmers Branch, TX 75234 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DEWEY H MCCRAVY JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DEWEY H MCCRAVY JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

TABB INTERESTS LLC

748 Wilder Pl
Shreveport, LA 71104

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: TABB INTERESTS LLC $757.18
Seven Hundred Fifty Seven Dollars and Seventeen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

TABB INTERESTS LLC Preston Ridge

748 Wilder Pl Oil
Shreveport, LA 71104 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That TABB INTERESTS LLC

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
TABB INTERESTS LLC

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

RAYMOND L AKIN JR
6807 Vada Dr
Dallas, TX 75214

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: RAYMOND L AKIN JR $826.64
Eight Hundred Twenty Six Dollars and Sixty Four Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

RAYMOND L AKIN JR Preston Ridge

6807 Vada Dr Oil
Dallas, TX 75214 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That RAYMOND L AKIN JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
RAYMOND L AKIN JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

NANCY GLOVER
2564 Massey Ln
Robinson, TX 76706

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: NANCY GLOVER $826.64
Eight Hundred Twenty Six Dollars and Sixty Four Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

NANCY GLOVER Preston Ridge

2564 Massey Ln Oil
Robinson, TX 76706 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That NANCY GLOVER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
NANCY GLOVER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CAROLYN BARKER
PO Box 335
Clifton, TX 76634

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CAROLYN BARKER $833.59
Eight Hundred Thirty Three Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CAROLYN BARKER Preston Ridge

PO Box 335 Oil
Clifton, TX 76634 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CAROLYN BARKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CAROLYN BARKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

FRANCES ANN GRIGSBY

3525 Turtle Creek Blvd #4d
Dallas, TX 75219

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: FRANCES ANN GRIGSBY $833.59
Eight Hundred Thirty Three Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

FRANCES ANN GRIGSBY Preston Ridge

3525 Turtle Creek Blvd #4d Oil
Dallas, TX 75219 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That FRANCES ANN GRIGSBY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
FRANCES ANN GRIGSBY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

BETTY WATSON
1806 Delila Dr
Robinson, TX 76706

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: BETTY WATSON $833.59
Eight Hundred Thirty Three Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

BETTY WATSON Preston Ridge

1806 Delila Dr Oil
Robinson, TX 76706 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That BETTY WATSON

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
BETTY WATSON

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

FRANK & MARILYN BUDDE FAMILY TRUST

3412 Heines Dr
Tyler, TX 75701

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: FRANK & MARILYN BUDDE FAMILY TRUST $1,243.43
One Thousand Two Hundred Forty Three Dollars and Forty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

FRANK & MARILYN BUDDE FAMILY TRUST Preston Ridge

3412 Heines Dr Oil
Tyler, TX 75701 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That FRANK & MARILYN BUDDE FAMILY TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

GERTRUDE PATTERSON TEST TRUST

PO Box 579
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: GERTRUDE PATTERSON TEST TRUST $1,305.95
One Thousand Three Hundred Five Dollars and Ninety Five Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

GERTRUDE PATTERSON TEST TRUST Preston Ridge

PO Box 579 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That GERTRUDE PATTERSON TEST TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
GERTRUDE PATTERSON TEST TRUST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

SUE GIDEON BROWN

501 Acorn Dr
New Braunfels, TX 78130

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: SUE GIDEON BROWN $1,361.53
One Thousand Three Hundred Sixty One Dollars and Fifty Two Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

SUE GIDEON BROWN Preston Ridge

501 Acorn Dr Oil
New Braunfels, TX 78130 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That SUE GIDEON BROWN

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
SUE GIDEON BROWN

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

FRANK KENDRICK
1187 Coast Village Rd #1
Santa Barbara, CA 93108

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: FRANK KENDRICK $1,361.53
One Thousand Three Hundred Sixty One Dollars and Fifty Two Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

FRANK KENDRICK Preston Ridge

1187 Coast Village Rd #1 Oil
Santa Barbara, CA 93108 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That FRANK KENDRICK

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
FRANK KENDRICK

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

PATTY GIDEON SLOAN

8004 Bottlebrush Dr
Austin, TX 78750

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: PATTY GIDEON SLOAN $1,361.53
One Thousand Three Hundred Sixty One Dollars and Fifty Two Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

PATTY GIDEON SLOAN Preston Ridge

8004 Bottlebrush Dr Oil
Austin, TX 78750 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That PATTY GIDEON SLOAN

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
PATTY GIDEON SLOAN

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

TWAIN K GIDDENS JR
PO Box 1594
Shreveport, LA 71165

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: TWAIN K GIDDENS JR $1,507.40
One Thousand Five Hundred Seven Dollars and Forty Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

TWAIN K GIDDENS JR Preston Ridge

PO Box 1594 Oil
Shreveport, LA 71165 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That TWAIN K GIDDENS JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
TWAIN K GIDDENS JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

WILLIAM R GIDDENS
9281 Ellerbe Rd
Shreveport, LA 71106

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: WILLIAM R GIDDENS $1,514.35
One Thousand Five Hundred Fourteen Dollars and Thirty Five Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

WILLIAM R GIDDENS Preston Ridge

9281 Ellerbe Rd Oil
Shreveport, LA 71106 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That WILLIAM R GIDDENS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
WILLIAM R GIDDENS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MERCER GROUP LTD

20 River Terrace #5c
New York, NY 10282

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MERCER GROUP LTD $1,694.96
One Thousand Six Hundred Ninety Four Dollars and Ninety Six
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MERCER GROUP LTD Preston Ridge

20 River Terrace #5c Oil
New York, NY 10282 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MERCER GROUP LTD

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MERCER GROUP LTD

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

WILLIAM H LYONS
PO Box 52328
Shreveport, LA 71135

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: WILLIAM H LYONS $1,701.91
One Thousand Seven Hundred One Dollars and Ninety Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

WILLIAM H LYONS Preston Ridge

PO Box 52328 Oil
Shreveport, LA 71135 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That WILLIAM H LYONS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
WILLIAM H LYONS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CARTHAGE INDP SCHOOL DIST

PO Box 937
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CARTHAGE INDP SCHOOL DIST $2,257.63
Two Thousand Two Hundred Fifty Seven Dollars and Sixty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CARTHAGE INDP SCHOOL DIST Preston Ridge

PO Box 937 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CARTHAGE INDP SCHOOL DIST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CARTHAGE INDP SCHOOL DIST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

BRADLEY NORMAN KENT

Gloucester Dr
Cedar Park, TX 78613

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: BRADLEY NORMAN KENT $2,493.82
Two Thousand Four Hundred Ninety Three Dollars and Eighty One
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

BRADLEY NORMAN KENT Preston Ridge

Gloucester Dr Oil
Cedar Park, TX 78613 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That BRADLEY NORMAN KENT

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
BRADLEY NORMAN KENT

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARY ALICE BIGGS LIFE ESTATE

7784 TX-49
Jefferson, TX 75657

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARY ALICE BIGGS LIFE ESTATE $2,632.75
Two Thousand Six Hundred Thirty Two Dollars and Seventy Four
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARY ALICE BIGGS LIFE ESTATE Preston Ridge

7784 TX-49 Oil
Jefferson, TX 75657 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARY ALICE BIGGS LIFE ESTATE

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARY ALICE BIGGS LIFE ESTATE

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DONNA S ROHMFELD
PO Box 5634
San Angelo, TX 76902

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DONNA S ROHMFELD $2,632.75
Two Thousand Six Hundred Thirty Two Dollars and Seventy Four
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DONNA S ROHMFELD Preston Ridge

PO Box 5634 Oil
San Angelo, TX 76902 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DONNA S ROHMFELD

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DONNA S ROHMFELD

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

ADELE ASHLEY WAIDE

11279 Taylor Draper Ln #328
Austin, TX 78759

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: ADELE ASHLEY WAIDE $2,716.11
Two Thousand Seven Hundred Sixteen Dollars and Ten Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

ADELE ASHLEY WAIDE Preston Ridge

11279 Taylor Draper Ln #328 Oil
Austin, TX 78759 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That ADELE ASHLEY WAIDE

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
ADELE ASHLEY WAIDE

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CARLOS C ASHLEY JR
107 Glenwood Dr
Fredericksburg, TX 78624

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CARLOS C ASHLEY JR $2,723.05
Two Thousand Seven Hundred Twenty Three Dollars and Five Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CARLOS C ASHLEY JR Preston Ridge

107 Glenwood Dr Oil
Fredericksburg, TX 78624 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CARLOS C ASHLEY JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CARLOS C ASHLEY JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

SUZANNE M MAYES
County Rd 2061
Nacogdoches, TX 75961

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: SUZANNE M MAYES $2,959.23
Two Thousand Nine Hundred Fifty Nine Dollars and Twenty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

SUZANNE M MAYES Preston Ridge

County Rd 2061 Oil
Nacogdoches, TX 75961 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That SUZANNE M MAYES

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
SUZANNE M MAYES

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JAMES ERNEST MILSTEAD JR

527 Co Rd 490
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JAMES ERNEST MILSTEAD JR $2,966.18
Two Thousand Nine Hundred Sixty Six Dollars and Eighteen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JAMES ERNEST MILSTEAD JR Preston Ridge

527 Co Rd 490 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JAMES ERNEST MILSTEAD JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JAMES ERNEST MILSTEAD JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARVIN MOUZON BIGGS JR

4622 East 93rd Pl S
Tulsa, OK 74137

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARVIN MOUZON BIGGS JR $3,049.54
Three Thousand Forty Nine Dollars and Fifty Three Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARVIN MOUZON BIGGS JR Preston Ridge

4622 East 93rd Pl S Oil
Tulsa, OK 74137 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARVIN MOUZON BIGGS JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARVIN MOUZON BIGGS JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

WARREN BIGGS
553 Covington Cir
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: WARREN BIGGS $3,049.54
Three Thousand Forty Nine Dollars and Fifty Three Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

WARREN BIGGS Preston Ridge

553 Covington Cir Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That WARREN BIGGS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
WARREN BIGGS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JACQUELINE BIGGS RODRIGUEZ

1373 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JACQUELINE BIGGS RODRIGUEZ $3,049.54
Three Thousand Forty Nine Dollars and Fifty Three Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JACQUELINE BIGGS RODRIGUEZ Preston Ridge

1373 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JACQUELINE BIGGS RODRIGUEZ

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JACQUELINE BIGGS RODRIGUEZ

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CHARLES SNOW AKIN

PO Box 1741
Athens, TX 75751

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CHARLES SNOW AKIN $3,327.40
Three Thousand Three Hundred Twenty Seven Dollars and Forty
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CHARLES SNOW AKIN Preston Ridge

PO Box 1741 Oil
Athens, TX 75751 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CHARLES SNOW AKIN

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CHARLES SNOW AKIN

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

LASTER FAMILY LTD PARTNERSHIP

PO Box 44408
Shreveport, LA 71134

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LASTER FAMILY LTD PARTNERSHIP $3,403.81
Three Thousand Four Hundred Three Dollars and Eighty One Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LASTER FAMILY LTD PARTNERSHIP Preston Ridge

PO Box 44408 Oil
Shreveport, LA 71134 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LASTER FAMILY LTD PARTNERSHIP

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
LASTER FAMILY LTD PARTNERSHIP

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JUDITH A MOCK
PO Box 250969
Plano, TX 75025

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JUDITH A MOCK $4,584.73
Four Thousand Five Hundred Eighty Four Dollars and Seventy Two
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JUDITH A MOCK Preston Ridge

PO Box 250969 Oil
Plano, TX 75025 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JUDITH A MOCK

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JUDITH A MOCK

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

BILLIE LARRY BEATY

1844 Las Tunas Dr
Las Cruces, NM 88011

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: BILLIE LARRY BEATY $4,987.63
Four Thousand Nine Hundred Eighty Seven Dollars and Sixty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

BILLIE LARRY BEATY Preston Ridge

1844 Las Tunas Dr Oil
Las Cruces, NM 88011 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That BILLIE LARRY BEATY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
BILLIE LARRY BEATY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CLISTO DEVAUGHN BEATY

433 Haven Crest Rd
Draper, UT 84020

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CLISTO DEVAUGHN BEATY $4,987.63
Four Thousand Nine Hundred Eighty Seven Dollars and Sixty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CLISTO DEVAUGHN BEATY Preston Ridge

433 Haven Crest Rd Oil
Draper, UT 84020 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CLISTO DEVAUGHN BEATY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CLISTO DEVAUGHN BEATY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARGARET WILLIAMS LIFE EST

2017 Magnolia Grove Way
Midlothian, VA 23113

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARGARET WILLIAMS LIFE EST $4,987.63
Four Thousand Nine Hundred Eighty Seven Dollars and Sixty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARGARET WILLIAMS LIFE EST Preston Ridge

2017 Magnolia Grove Way Oil
Midlothian, VA 23113 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARGARET WILLIAMS LIFE EST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARGARET WILLIAMS LIFE EST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

BARRY B WHITAKER
1816 Elmen St #8
Houston, TX 77019

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: BARRY B WHITAKER $5,925.42
Five Thousand Nine Hundred Twenty Five Dollars and Forty One
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

BARRY B WHITAKER Preston Ridge

1816 Elmen St #8 Oil
Houston, TX 77019 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That BARRY B WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
BARRY B WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

RICHARD B WHITAKER
409 Oak Ridge Dr
San Marcos, TX 78666

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: RICHARD B WHITAKER $5,925.42
Five Thousand Nine Hundred Twenty Five Dollars and Forty One
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

RICHARD B WHITAKER Preston Ridge

409 Oak Ridge Dr Oil
San Marcos, TX 78666 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That RICHARD B WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
RICHARD B WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

GENE COLLIER PRICE GS TRUST

PO Box 7009
Longview, TX 75607

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: GENE COLLIER PRICE GS TRUST $6,800.68
Six Thousand Eight Hundred Dollars and Sixty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

GENE COLLIER PRICE GS TRUST Preston Ridge

PO Box 7009 Oil
Longview, TX 75607 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That GENE COLLIER PRICE GS TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
GENE COLLIER PRICE GS TRUST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JACK E PRICE GS TRUST

PO Box 7009
Longview, TX 75607

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JACK E PRICE GS TRUST $6,800.68
Six Thousand Eight Hundred Dollars and Sixty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JACK E PRICE GS TRUST Preston Ridge

PO Box 7009 Oil
Longview, TX 75607 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JACK E PRICE GS TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JACK E PRICE GS TRUST

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

THEO EPISCOPAL SEM

PO Box 840738
Dallas, TX 75284

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: THEO EPISCOPAL SEM $7,050.76
Seven Thousand Fifty Dollars and Seventy Five Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

THEO EPISCOPAL SEM Preston Ridge

PO Box 840738 Oil
Dallas, TX 75284 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That THEO EPISCOPAL SEM

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
THEO EPISCOPAL SEM

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

LAIRD MEMORIAL HOSPITAL

PO Box 2605
Fort Worth, TX 76113

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LAIRD MEMORIAL HOSPITAL $7,057.71
Seven Thousand Fifty Seven Dollars and Seventy Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LAIRD MEMORIAL HOSPITAL Preston Ridge

PO Box 2605 Oil
Fort Worth, TX 76113 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LAIRD MEMORIAL HOSPITAL

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
LAIRD MEMORIAL HOSPITAL

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

METHODIST HOME INV #9132

5110 S Yale Ave #400
Tulsa, OK 74135

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: METHODIST HOME INV #9132 $7,057.71
Seven Thousand Fifty Seven Dollars and Seventy Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

METHODIST HOME INV #9132 Preston Ridge

5110 S Yale Ave #400 Oil
Tulsa, OK 74135 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That METHODIST HOME INV #9132

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
METHODIST HOME INV #9132

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

QUINN FOUNDATION B #5688

PO Box 840738
Dallas, TX 75284

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: QUINN FOUNDATION B #5688 $7,057.71
Seven Thousand Fifty Seven Dollars and Seventy Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

QUINN FOUNDATION B #5688 Preston Ridge

PO Box 840738 Oil
Dallas, TX 75284 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That QUINN FOUNDATION B #5688

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
QUINN FOUNDATION B #5688

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DICK CRANFORD
1181 FM 2517
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DICK CRANFORD $8,447.02
Eight Thousand Four Hundred Forty Seven Dollars and One Cent
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DICK CRANFORD Preston Ridge

1181 FM 2517 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DICK CRANFORD

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DICK CRANFORD

_________________________________________________________ _________________________________________________
BEVERLY CRANFORD

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARTHA ANDERSON
866 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARTHA ANDERSON $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARTHA ANDERSON Preston Ridge

866 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARTHA ANDERSON

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARTHA ANDERSON

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JUDY SMITH FREEMAN

329 Harder's Crossing Blvd
Shreveport, LA 71106

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JUDY SMITH FREEMAN $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JUDY SMITH FREEMAN Preston Ridge

329 Harder's Crossing Blvd Oil
Shreveport, LA 71106 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JUDY SMITH FREEMAN

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JUDY SMITH FREEMAN

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

TRUDY SMITH GREGORY

275 Marthaville Rd
Many, LA 71449

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: TRUDY SMITH GREGORY $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

TRUDY SMITH GREGORY Preston Ridge

275 Marthaville Rd Oil
Many, LA 71449 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That TRUDY SMITH GREGORY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
TRUDY SMITH GREGORY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARSHA HOLLAND
844 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARSHA HOLLAND $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARSHA HOLLAND Preston Ridge

844 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARSHA HOLLAND

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARSHA HOLLAND

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CHRISTOPHER EARL MORRIS

897 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CHRISTOPHER EARL MORRIS $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CHRISTOPHER EARL MORRIS Preston Ridge

897 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CHRISTOPHER EARL MORRIS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CHRISTOPHER EARL MORRIS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

BOBBY J PHILLIPS
PO Box 327
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: BOBBY J PHILLIPS $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

BOBBY J PHILLIPS Preston Ridge

PO Box 327 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That BOBBY J PHILLIPS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
BOBBY J PHILLIPS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

LI & MS WADE FAMILY TRUST

7515 Shady Ln
Charlotte, NC 28215

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LI & MS WADE FAMILY TRUST $8,502.59
Eight Thousand Five Hundred Two Dollars and Fifty Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LI & MS WADE FAMILY TRUST Preston Ridge

7515 Shady Ln Oil
Charlotte, NC 28215 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LI & MS WADE FAMILY TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

LEROY WHITAKER
15250 Prestonwood Blvd #209
Dallas, TX 75248

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: LEROY WHITAKER $11,850.83
Eleven Thousand Eight Hundred Fifty Dollars and Eighty Three
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

LEROY WHITAKER Preston Ridge

15250 Prestonwood Blvd #209 Oil
Dallas, TX 75248 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That LEROY WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
LEROY WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

SUE MILLER OLIPHANT

PO Box 1155
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: SUE MILLER OLIPHANT $11,857.78
Eleven Thousand Eight Hundred Fifty Seven Dollars and Seventy
Seven Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

SUE MILLER OLIPHANT Preston Ridge

PO Box 1155 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That SUE MILLER OLIPHANT

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
SUE MILLER OLIPHANT

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

SIMPSON WHITAKER PROPERTIES LP

301 St Mary St
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: SIMPSON WHITAKER PROPERTIES LP $12,344.04
Twelve Thousand Three Hundred Forty Four Dollars and Three Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

SIMPSON WHITAKER PROPERTIES LP Preston Ridge

301 St Mary St Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That SIMPSON WHITAKER PROPERTIES LP

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
SIMPSON WHITAKER PROPERTIES LP

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

JUSTIN BARRON
1055 Co Rd 234
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: JUSTIN BARRON $16,324.42
Sixteen Thousand Three Hundred Twenty Four Dollars and Forty One
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

JUSTIN BARRON Preston Ridge

1055 Co Rd 234 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That JUSTIN BARRON

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
JUSTIN BARRON

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

GAY BARRON HAMMONS

15044 County Rd 2223
Tyler, TX 75707

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: GAY BARRON HAMMONS $16,324.42
Sixteen Thousand Three Hundred Twenty Four Dollars and Forty One
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

GAY BARRON HAMMONS Preston Ridge

15044 County Rd 2223 Oil
Tyler, TX 75707 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That GAY BARRON HAMMONS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
GAY BARRON HAMMONS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

WAYMON C GRIMES JR
332 Co Rd 230
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: WAYMON C GRIMES JR $17,005.18
Seventeen Thousand Five Dollars and Seventeen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

WAYMON C GRIMES JR Preston Ridge

332 Co Rd 230 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That WAYMON C GRIMES JR

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
WAYMON C GRIMES JR

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CHRIS MORRIS
897 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CHRIS MORRIS $17,005.18
Seventeen Thousand Five Dollars and Seventeen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CHRIS MORRIS Preston Ridge

897 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CHRIS MORRIS

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CHRIS MORRIS

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

PATSY SMITH
2456 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: PATSY SMITH $17,005.18
Seventeen Thousand Five Dollars and Seventeen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

PATSY SMITH Preston Ridge

2456 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That PATSY SMITH

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
PATSY SMITH

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

ROBERT EARL SMITH

2456 US-59
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: ROBERT EARL SMITH $17,005.18
Seventeen Thousand Five Dollars and Seventeen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

ROBERT EARL SMITH Preston Ridge

2456 US-59 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That ROBERT EARL SMITH

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
ROBERT EARL SMITH

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

CLAUDE EDWARD WHITAKER

PO Box 506
Burgaw, NC 28425

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: CLAUDE EDWARD WHITAKER $27,800.13
Twenty Seven Thousand Eight Hundred Dollars and Thirteen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

CLAUDE EDWARD WHITAKER Preston Ridge

PO Box 506 Oil
Burgaw, NC 28425 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That CLAUDE EDWARD WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
CLAUDE EDWARD WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DOUGLAS WAYNE WHITAKER

10964 County Rd 125
Oakland City, IN 47660

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DOUGLAS WAYNE WHITAKER $27,800.13
Twenty Seven Thousand Eight Hundred Dollars and Thirteen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DOUGLAS WAYNE WHITAKER Preston Ridge

10964 County Rd 125 Oil
Oakland City, IN 47660 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DOUGLAS WAYNE WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DOUGLAS WAYNE WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARTHA H & BILLY R WHITAKER TRUST

PO Box 1140
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARTHA H & BILLY R WHITAKER TRUST $27,800.13
Twenty Seven Thousand Eight Hundred Dollars and Thirteen Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARTHA H & BILLY R WHITAKER TRUST Preston Ridge

PO Box 1140 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARTHA H & BILLY R WHITAKER TRUST

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARTHA H WHITAKER
PO Box 1140
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARTHA H WHITAKER $27,807.08
Twenty Seven Thousand Eight Hundred Seven Dollars and Seven
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARTHA H WHITAKER Preston Ridge

PO Box 1140 Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARTHA H WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARTHA H WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

DOUGLAS M MIXON
PO Box 1600
San Antonio, TX 78296

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: DOUGLAS M MIXON $29,932.73
Twenty Nine Thousand Nine Hundred Thirty Two Dollars and Seventy
Two Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

DOUGLAS M MIXON Preston Ridge

PO Box 1600 Oil
San Antonio, TX 78296 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That DOUGLAS M MIXON

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
DOUGLAS M MIXON

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

GWEN BARRON
531 Park Pl
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: GWEN BARRON $32,648.83
Thirty Two Thousand Six Hundred Forty Eight Dollars and Eighty
Three Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

GWEN BARRON Preston Ridge

531 Park Pl Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That GWEN BARRON

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
GWEN BARRON

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

GAIL H GOOLSBY
113 Arbor Place
Bossier City, LA 71111

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: GAIL H GOOLSBY $39,880.20
Thirty Nine Thousand Eight Hundred Eighty Dollars and Twenty
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

GAIL H GOOLSBY Preston Ridge

113 Arbor Place Oil
Bossier City, LA 71111 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That GAIL H GOOLSBY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
GAIL H GOOLSBY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

WILLIAM M GOOLSBY
PO Box 410
De Berry, TX 75639

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: WILLIAM M GOOLSBY $39,880.20
Thirty Nine Thousand Eight Hundred Eighty Dollars and Twenty
Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

WILLIAM M GOOLSBY Preston Ridge

PO Box 410 Oil
De Berry, TX 75639 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That WILLIAM M GOOLSBY

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
WILLIAM M GOOLSBY

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

MARK WHITAKER
1507 Noble Dr
Longview, TX 75601

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: MARK WHITAKER $94,542.68
Ninety Four Thousand Five Hundred Forty Two Dollars and Sixty
Eight Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

MARK WHITAKER Preston Ridge

1507 Noble Dr Oil
Longview, TX 75601 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That MARK WHITAKER

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
MARK WHITAKER

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012
 T (214) 919-0133 | F (214) 865-6020 | P.O. Box 1667, Addison, Texas 75001
www.PrestonRidgeOil.com

November 2, 2018

WHITAKER PROPERTIES L P
301 St Mary St
Carthage, TX 75633

Subject: Offer to Purchase Mineral and Royalty Interest in PANOLA County, Texas
Reference No. RLH012
Dear Interest Owner:
Preston Ridge Oil is currently purchasing mineral and royalty interests in PANOLA County, Texas. We
herby offer to purchase your mineral and royalty interest in the above referenced county by utilizing
the enclosed document.
A cursory review of title indicates that you may own the interest as described on the enclosed Mineral
and Royalty Deed. We have enclosed as our offer to purchase your mineral and royalty interest, a
Mineral and Royalty Deed and accompanying bank draft. If our offer is acceptable, please execute the
enclosed Deed per the instructions on the reverse side of this letter and return it to our office using
the enclosed return envelope, including any available documents verifying ownership. Please note
that you have two options for receiving payment for this transaction, as detailed in the instructions.
The enclosed Mineral and Royalty Deed and draft payment are intended to convey all mineral and
royalty interest that you own in PANOLA County, Texas including the interest referenced on the Deed.
If you own additional properties not described in this offer, please contact our office.
This offer and draft payment are subject to the verification of your ownership and revenue to the
satisfaction of Preston Ridge Oil.
If you have any questions regarding this matter, please consult your attorney, reply to our office at
the address provided or contact us by telephone at (214) 919-0133.
Sincerely,

Dan Brewer
Land Department

COLLECTION ITEM NO. RLH012

Preston Ridge Oil – DRAWEE November 2, 2018 On approval of Conveyance, Deed or Lease described hereon,
(contact@PrestonRidgeOil.com) and subject to approval of title to same to the satisfaction of
ATT: COLLECTIONS DEPT - Preston Ridge Oil Acct. drawee not later than 30 banking days after arrival of this draft
P.O. BOX 2126 at collection bank or drawee.
Addison, Texas 75001
PAY TO THE
ORDER OF: WHITAKER PROPERTIES L P $150,830.66
One Hundred Fifty Thousand Eight Hundred Thirty Dollars and
Sixty Five Cents
This BANK DRAFT is drawn to pay for SALE OF MINERAL AND ROYALTY INTERESTS, PANOLA COUNTY, TEXAS
The drawee, payee and endorsers hereof, and the grantors of the conveyance, deed or lease described hereon, do hereby constitute and appoint the collecting bank, drawee, their agents
or assigns, as escrow agent to hold this draft for the time above specified subject alone to acceptance of payment hereof by collecting bank, drawee, their agents or assigns, within said
time, and without any right of the drawer, payee or endorsers hereof, or said grantors, to recall or demand return of this draft prior to expiration of the above specified time, and there
shall be no liability whatsoever on the collecting bank, drawee, their agents or assigns, for refusal to return the same prior to such expiration. Drawee, its agents or assigns, have the right
to return this draft unpaid if title has not been verified within the specified banking days and shall pay consideration by bank check upon approval of title to the satisfaction of drawee. In
the event this draft is not paid within said time, the collecting bank, drawee, their agents or assigns, shall return the same to forwarding bank and no liability for payment or otherwise
shall be attached to any of the parties hereto.

WHITAKER PROPERTIES L P Preston Ridge

301 St Mary St Oil
Carthage, TX 75633 By:
- No. RLH012
Dan Brewer
 INSTRUCTIONS
FOR
EXECUTING MINERAL AND ROYALTY DEED

1. Please read the Mineral and Royalty Deed thoroughly.

2. Any change to the name appearing on the Mineral and Royalty Deed must be accompanied by
the proper documentation. (Power of Attorney, Trusts, Deceased Owner, etc.)
3. NOTARY NEEDED! In the presence of a Notary Public, sign the Mineral and Royalty Deed on
the endorsement line above your printed name, exactly as written. The Mineral and Royalty
Deed must be properly Notarized with the Notary Seal affixed in the location indicated on the
back of the Deed. For corporations, the Secretary should sign below the attestation and type
or write in their title beneath the signature.
4. Ensure the correct name is printed on the bank draft, endorse the back and print your Social
Security Number or Taxpayer Identification Number below the endorsement.
5. PROOF OF OWNERSHIP: To expedite the payment process, please provide any available
information that verifies ownership. Helpful documents include Check Stubs or 1099’s from
any oil company royalty payments; Division or Transfer Orders; and any Oil and Gas lease
offers or lease copies that you have signed and indicate that you are an owner or heir.

PAYMENT OPTIONS
A. Using the envelope provided, return to our office the endorsed bank draft, original executed
Mineral and Royalty Deed, and any documents verifying proof of ownership. Upon
verification of your ownership in the subject properties to our satisfaction, we will tender a
company check or wire payment, subject to the terms stated herein. This option expedites
the process and saves banking fees.

- OR -
B. Present the bank draft to the collections department of your local bank and return to our
office the original executed Mineral and Royalty Deed and any documents verifying proof of
ownership using the provided return envelope.
NOTE: If you have any questions regarding execution of the Mineral and Royalty Deed or
receiving payment, please contact your attorney or our office.

T (214) 919-0133
F (214) 865-6020
Preston Ridge Oil
P.O. Box 1667
Addison, TX 75001

Dan@PrestonRidgeOil.com
________________________________________

EMAIL

(_________)____________-_________________

PHONE

________________________________________

PRINT NAME

________________________________________

ENDORSE HERE

REFERENCE NO. RLH012

 MINERAL AND ROYALTY DEED
THE STATE OF TEXAS §
§
COUNTY OF PANOLA §

1. That WHITAKER PROPERTIES L P

hereinafter referred to as Grantor (whether one or more), for Ten Dollars ($10.00) and other valuable consideration paid by
PRESTON RIDGE OIL, P.O. BOX 1667, Addison, Texas 75001, hereinafter referred to as Grantee (whether one or more), the
receipt of which is hereby acknowledged, has GRANTED, SOLD, and CONVEYED, and by these presents does hereby GRANT,
SELL, and CONVEY unto Grantee, its heirs, successors and assigns, forever, subject to the matters stated below, all of Grantor’s
undivided interest in and to all of the oil, gas, and other minerals, including without limitation all of the oil royalty, gas royalty,
overriding royalty, royalty in casinghead gas and gasoline in, on and under, and that may be produced from, the following lands
(the “Lands”) in the County of PANOLA, State of Texas, to wit:
ALL OIL, GAS AND OTHER MINERAL INTERESTS OWNED BY GRANTOR IN PANOLA COUNTY, TEXAS, INCLUDING WITHOUT
LIMITATION ALL OF THOSE CERTAIN TRACTS OR PARCELS OF LAND, WELLS, LEASES AND/OR UNITS REFERENCED, DESCRIBED,
ATTACHED AND/OR PLATTED AS FOLLOWS:
WELL/LEASE/UNIT ABSTRACT/BLOCK/SURVEY OPERATOR
WHITAKER UNIT AB 598 WM SCANTLEBERRY SHERIDAN PRODUCTION CO.

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LANDS INDIVIDUALLY DESCRIBED ABOVE ARE SET OUT FOR
THE CONVENIENCE OF THE PARTIES AND SHALL NOT BE INTERPRETED AS LIMITING THIS GRANT, IT BEING THE INTENT OF
THE PARTIES THAT THIS DEED COVER ALL OIL, GAS AND OTHER MINERAL INTERESTS OF EVERY KIND AND DESCRIPTION
OWNED BY GRANTOR AND LOCATED IN PANOLA COUNTY, TEXAS, WHETHER OR NOT PARTICULARLY DESCRIBED ABOVE;
2. The “Lands” subject to this conveyance also includes all strips, gores, roadways, water bottoms, and other land adjacent to or
contiguous with the lands specifically described above and owned or claimed by Grantor. If the description above proves
incorrect in any respect or does not include these adjacent or contiguous lands, Grantor shall without additional consideration,
execute, acknowledge, and deliver to Grantee, its successors and assigns, such instruments as are useful or necessary to correct
the description and evidence such correction in the appropriate public records.
3. FOR THE SAME CONSIDERATION, Grantor also sells, assigns, transfers, and conveys to Grantee, its successors and assigns, by
this deed (i) the rights of ingress, egress, and possession at all times to mine, drill, and explore the Lands for oil, gas, and other
minerals, and to produce, store, dehydrate, compress, treat, process, transport, market, and remove them from the Lands, and
to exercise all other rights lawfully belonging to the oil, gas, and mineral estate; (ii) each valid and subsisting oil, gas, and/or
other mineral lease (the “Lease”, whether one or more) evidenced in the public records of the above-named county, insofar as
it covers the Lands (and this conveyance is made subject to each such Lease, insofar as it covers the Lands), together with all
royalties, shut-in royalties, delay rentals paid to extend the term within which operations may be conducted on the Lands, and
other rights and interests under each such Lease, insofar as it covers the Lands; (iii) without limitation, all royalties, oil
payments, gas payments, production payments, pooling payments, escheated funds or payments, revenues, payments, accounts,
suspended funds, refunds, interest or overdue payments, and other things of value payable by any lessee, operator, purchaser
of production, seller of production, or other parties or party whatsoever, with respect to any oil, gas, and/or other minerals
produced from, or attributable to the Lands before the date of this conveyance (including all such production in any tank, truck,
railcar, or pipeline); (iv) all liens and security interests securing the payment of such sums; and (v) all rights, claims, and causes
of action of Grantor with respect to such sums, including without limitation, claims for the underpayment of past royalties; (vi)
all of Grantor’s future interests and after acquired title in and to the above described mineral and royalty interests (without
limitation), insofar as they cover said Lands.
4. Grantee may, at its option and in addition to any other rights or remedies available to Grantee, pay all or part of any tax, note,
or other obligation secured by a lien on the Lands, or any part of them or interest in them. If Grantee ever makes any such
payment, or if any production, royalties, delay rentals, or other economic benefits of the estate conveyed by this instrument are
ever applied by any lessee, purchaser of production, or other person to pay or discharge, in whole or in part, any tax, note, or
other obligation secured by a lien on the Lands, or any part of them or any interest in them, Grantee shall be subrogated to, shall
succeed to, and may enforce all of the rights of the affected lien holder to secure the recovery of the amounts paid, together with
interest and attorney’s fees.
5. Without impairment of Grantee’s rights under the warranty in event of failure of title, it is agreed that if this conveyance covers
less interest in the oil, gas, sulphur, or other minerals in all or any part of said Lands than the entire and undivided fee simple
estate (whether Grantor’s interest is herein specified or not), or no interest therein, then the consideration shall be paid only in
the proportion which the interest therein, if any, covered by this conveyance, bears to the whole and undivided fee simple estate
therein.
6. In this instrument, “including” means “including, but not limited to”; “other minerals” include coal, lignite, uranium, Sulphur,
iron ore, and every other “mineral” now or hereafter recognized as such under the laws of Texas; the plural includes the singular,
and vice versa; each gender includes the others; and references to “Grantor” includes “Grantors, or any of them”.
7. INDEMNITY: By execution of this instrument, Grantor also authorizes and directs all persons responsible for paying and/or
delivery the royalties subject to this instrument (the “subject royalties”) to commence paying and/or delivering the subject
royalties to Grantee in accordance with this instrument. Grantor warrants and represents to each such person and to that
person’s heirs, successors, assigns, and legal representatives that prior to making this conveyance, Grantor was the lawful owner
of the subject royalties and that Grantor has not heretofore conveyed the subject royalties to any other person. Grantor shall
indemnify and hold each person responsible for paying and/or delivering the subject royalties, and that person’s heirs,
successors, assigns, and legal representatives harmless from and against any lawful claims to the subject royalties by, through,
or under Grantor.
8. POWER OF ATTORNEY: Coupled with the interest herein conveyed, Grantor does hereby irrevocably appoint and constitute
Preston Ridge Oil as Grantor’s Agent and Attorney-in-Fact for the limited purpose only of executing division orders, transfer
orders, correction deeds or conveyances, amendments of description, amendments of Grantor’s capacity, including
typographical errors, and all other instruments as may be necessary for this conveyance of interest, so that Preston Ridge Oil
may act in Grantor’s place and stead for this limited purpose only. Preston Ridge Oil is also given, through this provision, the
authority to correct the description of the property being conveyed, if necessary, to show the actual description of all properties
owned by Grantor as reflected by the County Records in which said properties are located. This is a Durable Power of Attorney
and is not affected by the subsequent disability or incapacity of the principal.
9. Grantor acknowledges and agrees that Grantee has made no representation or warranty of any kind to Grantor to entice or
encourage Grantor to execute this instrument and to receive consideration therefore. Grantor recognizes and acknowledges that
the interest herein conveyed may be worth more than the consideration received by Grantor therefore, particularly if drilling or
production activity on the interest conveyed herein or in the vicinity thereof proves to be successful. Grantor recognizes and
agrees that Grantor has been given the opportunity to ask questions Grantor may desire of Grantee and that the responses
thereto given by Grantee were satisfactory to Grantor. If any provision(s) of this contract shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall remain valid.
10. PARTIES AGREEMENT TO MEDIATION AND/OR ARBITRATION: In the event of any dispute arising out of or relating to
Grantor’s execution and delivery of this contract, or the breach thereof, the parties first agree to participate in at least four (4)
hours of mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association, before having
recourse to arbitration. If the mediation procedure provided for herein does not resolve any such dispute, the parties agree that
all disputes between the parties shall be resolved by binding arbitration administered by the American Arbitration Association
in accordance with its commercial arbitration rules and pursuant to the Federal Arbitration Act, 9 U.S.C. Sections 1-16 (and all
amendments thereto, if any). The award of the arbitrator issued pursuant hereto shall be final, binding and non-appealable. In
the event a party fails to proceed with arbitration, challenges the arbitrator’s award, or fails to comply with the arbitrator’s
award, the other party is entitled to costs of suit including a reasonable attorney’s fee for having to compel arbitration or defend
or enforce the award.
11. EXEMPLARY & PUNITIVE DAMAGES: Parties hereby waive any rights to punitive or exemplary damages and the Arbitrator(s)
will not have the authority to award exemplary or punitive damages to either party.
12. CHOICE OF VENUE: This contract is performable in Dallas County, Texas. Any and all claims (without limitation) arising out
of Grantor’s execution of this contract, shall be resolved in Dallas County, Texas.
13. This instrument may be executed in multiple counterparts. Each counterpart is an original, and all counterparts together are
one and the same instrument. This instrument binds each person who executes it, regardless of whether any other person
executes it.
14. TO HAVE AND TO HOLD the above-described property and rights, together with all and singular the rights and appurtenances
thereto in anywise belonging, unto said Grantee, and the Grantee’s heirs, successors, administrators, executors and assigns
forever, and the Grantor does hereby bind himself and his, herself and her, itself and its, and/or themselves and theirs (as the
case may be) heirs, successors, administrators, executors, and assigns to warrant and forever defend all and singular, the said
property and rights unto the said Grantee, and Grantee’s heirs, successors, administrators, executors, and assigns, against every
person whomsoever lawfully claiming or to claim the same or any part thereof.
THIS DOCUMENT AFFECTS YOUR LEGAL RIGHTS, PLEASE READ CAREFULLY OR SEEK LEGAL COUNSEL PRIOR TO SIGNING.
GRANTOR REPRESENTS AND WARRANTS THAT HE/SHE/IT HAS READ THE ENTIRE CONTRACT, OR HAS HAD IT READ TO
HIM/HER/IT AND UNDERSTANDS AND AGREES TO THE TERMS OF THIS CONTRACT.
“BY EXECUTING AND DELIVERING THIS INSTRUMENT, YOU ARE SELLING ALL OR A
PORTION OF YOUR MINERAL AND ROYALTY INTEREST IN THE ABOVE REFERENCED
PROPERTY LOCATED IN PANOLA COUNTY, TEXAS”.
BY EXECUTING AND DELIVERING THIS INSTRUMENT (WHETHER RECORDED IN THE COUNTY/PARISH OR UNRECORDED),
GRANTOR HEREBY AUTHORIZES ANY AND ALL OPERATORS, LESSEES, GATHERING COMPANIES OR PURCHASERS OF
PRODUCTION, TO RELEASE THE FOLLOWING INFORMATION TO GRANTEE, GRANTEE’S AGENTS, HEIRS OR ASSIGNS:
GRANTOR’S OWNERSHIP INTERESTS, INCLUDING GRANTOR’S DECIMAL INTEREST, NET/GROSS ACRES, PAYMENT HISTORY,
LEGAL DESCRIPTIONS, UNIT OWNERSHIP AND BOUNDARIES, SUSPENSE ACCOUNTS AND ALL OTHER INFORMATION
REGARDING GRANTOR’S OWNERSHIP INTERESTS, WITHOUT LIMITATION, AND AS REQUESTED BY GRANTEE.

Witness the following signatures, this ______________ day of ____________________________________, 20______________.

_________________________________________________________ _________________________________________________
WHITAKER PROPERTIES L P

_________________________________________________________ _________________________________________________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

STATE OF _______________________ § ACKNOWLEDGEMENT

§
COUNTY OF _____________________ §
BEFORE ME, the undersigned authority, on this day personally appeared _________________________________________________, personally
known to me to be the person whose name is subscribed to the foregoing instrument swore and acknowledged to me that
he/she, being informed of the contents of same, executed the foregoing instrument for the purposes and consideration therein
expressed and appeared to be of sound mind and under no fraud, duress or undue influence.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _____________ day of _______________________________, 20___________.
(NOTARY SEAL HERE)

________________________________________________________________________
Notary Signature
Notary Public for the State of ______________ My Commission Expires: ____________

After recording return to:

Preston Ridge Oil
P.O. BOX 1667
ADDISON, TX 75001-1667
www.PrestonRidgeOil.com REFERENCE NO. RLH012