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HomeMy WebLinkAboutContract 48028 CITY SECRETMY ! tE�EN i� CONTItACT No. 262016 ;1�`IOFEDRT�AR CAUSE NO. 48-000000-15 I § IN THE DISTRICT COURT § IN RE CHESAPEAKE BARNETT § OF TARRANT COUNTY, ROYALTY LITIGATION#2 § TEXAS § i 48th JUDICIAL DISTRICT f NOT APPLICABLE TO ALL CASES ' 3 Cause No. 48-268798-13 CITY OF FORT WORTS, § ' § Plaint § IN THE DISTRICT COURT § V. § CHESAPEAKE ENERGY § CORPORATION, CHESAPEAKE § OPERATING,INC., § CHESAPEAKE EXPLORATION, § LLC, CHESAPEAKE ENERGY § OF TA►It72ANT COUNTY,TEXAS MARKETING,LLC,TOTAL E&P § (USA),INC.,TOTAL GAS & § POWER NORTH AMERICA, INC., § f AUBREY McCLENDON, and § 4 DORCHESTER RESOURCES, L.P., § I fox7mexly lonown as ARCAJDTA § 48th JUDICIAL DISTRICT RESOURCES,L.P., § r§ Defendants. § ' i COMPIROMYSE SETTLEMENT AND RELEASE AGREEMENT I CIAL. RECORD SECRETARY WORTH, TX f i ! This Compromise Settlement and Release Agreement ("Agremnent") is executed on the one hand by the City of Fort Worth, Fort Worth Housing Finance i Corporation, Fort Worth Local Development Corporation and The Villas of Eastwood Terrace, LLC (collectively the "City'), and on the other hand, by Total E&P ('USA), Inc. a/k/a Total E&P USA, Inc. (`Total E&P") and Total Gas & Power North America, Inc. ("Total Gas &Power') (collectively "Total"}, effective as of the date stated below(the"Effective Date'). WHMEAS, the City, as Lessor, entered into a number of oil and gas leases with various lessees. The Leases are more particularly described on Exhibit A attached hereto and made a part hereof(the"Leases'); and WHEREAS, in early 2010, Total R&P aoquired from a Chesapeake entity a 25%working interest in the Leases; and WHEREAS, in 2013, the City filed suits as Cause Nos. 48-26879813 and 352-27213814 (collectively the "Lawsuit") complaining about the lessees' compliance with the Leases; and WHEREAS, the City and Total have determined that it is in their Twpeotive best interests to resolve the Lawsuit on the terms and conditions set forth in this Agreement NOW, THEREFORE, in consideration of the premises,promises, covenants and representations set forth below,the City and Total agree as follows: com Rom8 swrrLzNmNT mD RELXASF AGE ,PADS 2 i k 1. Total will pay or cause to be paid on behalf of the City by wire transfer to the trust account of Cantey Hanger LLP (Bank of Texas ABA 111014325, Account #31009190) the total sum of six million dollars ($6,000,000.00). Payment thereof shall be made on or before March 23, 2016; provided, however, if the governing bodies for the City have not fully approved this Agreement by March 23, 2016, the foregoing settlement payment will be held in the trust account of Cantey Hanger LLP until such approval is obtained. 2. The City, as Lessor, is a party to numerous oil and gas leases with XTO Energy Inc. (`P'T'O"), an ExxonMobil subsidiary. The terms of those leases are identical or substantially identical to the Leases. The City has produced checks it has received from XTO for royalties paid under XTO's leases with the City and such royalties reflect that they have been based upon pricing that is equivalent to Houston Ship Channel Index minus two cents per MMBTU with no deductions. Accordingly, to avoid future underpayments of royalty under the Leases, the City and Total will execute an amendment to the Leases amending each of those leases as to Total B&P's interests, each of which is to be effective as of January 1, 2016, in the form attached hereto as Exhibit B (the"Lease Amendment"), as follows: To amend each of the Leases to add a provision in the first paragraph of paragraph 4 of each of the Leases stating in bold: ". Ill roya&ies due and payable under this lease shall be computed based upon the Houston Ship C r,�an �ftrn==TA?W RUYASiXi PAeas ' Channel Index Price minus two cents per MMBTU regardless of where Total EAP-s share of gas or other hydrocarbons produced under the Lease is available for sale or is sold or delivered and such royalties may not under any circumstances be offset or reduced by any post production costs, expenses, charges or deductions of any amount, kind or nature, including by way of illustration but not limitation, costs or expenses for gathering, treatment, processing, transportation, pipeline charges and expenses, conspressiion or marketing. Houston Ship Channel Index.Price shall refer to the price published monthly by McO-aw Hill in Inside F.E..R.G's Curs Market Report under the heading `Monthly Sidweek Spot Gas Prices, East Texas, Houston Ship Channel lndex'for the first day of the month of delivery. In the event publication of the foregoing report ceases, or in the good faith belief of either the aty or Total E&P, supported by an unaffiliated third party opinion, the index is being ardficially,manipulated or is fundamentally unreliable, the City and Total E&P shall promptly meet and confer in good faith to agree upon a substantially comparable published index for current on-shore spot gas prices being paid by purchasers taking delivery of'gas in the Houston- .Beaumont Texas area." j COWROMSK SRTT'L$MkNTAND RusAs5 AGn==NT PACi34 i The City and Total have used best efforts to list each of the leases where the City is a lessor and Total E&P is a lessee. In the event either the City or Total E&P later discover that a lease existing as of the Effective Date where the City is a lessor and Total E&P is a leisee was not included on Exhibit A, they nevertheless agree to promptly execute the Lease Amendment as to any such lease. 3. Total agrees to reimburse the City for any amounts due the City as a result of the Lease Amendment for January and February 2016 production by including such amounts in the regular monthly royalty distribution to be made to the City in June 2016. Thereafter, royalties shall be computed and timely paid each month in accordance with the Lease as amended. 4. The City hereby ratifies and confirms the Leases, including the Lease Amendments to be executed as specified in paragraph 2 of this Agreement, only as to the interest of Total E&P and represents to Total FM that said Leases, as to Total E&P's interests therein, are in full force and effect as of the Effective Date. S. Upon receipt of(a) the payment to be made pursuant to paragraph I hereof and (b) delivery of a My executed copy of the Lease Amendment as to all Leases, the City does hereby forever and for all time completely release, remise and discharge, for itself and for any employees, Council Members, City Manager, board members, trustees, representatives or any other person or entity who claims under or through the City in any form whatsoever, past or present, any and all comytobosm SsTrLSMENT AND 11=A99 Acs arr PAUN 5 3 j i claims, rights, damages, costs, benefits, expenses and compensation of any nature whatsoever accruing prior to January 1, 2016, whether known or unknown at the present time both at law or in equity,which the City may have or claim as to Total 3 E&P and Total Gas &Power and their respective parent, subsidiary and affiliated antities, shareholders, officers, attorneys and employees, which were asserted or could have been asserted in the Lawsuit and which relate to and arise from claims about the lessees' compliance with the Leases. The City hereby further releases only Total E&P from its assumption under paragraph 14 of the Leases as successor lessee of all obligations, liabilities and penalties owed the City under the Leases by Chesapeake Exploration, LLC, Arcadia Resources, L.P. Dorchester Resources, L.P., by any other lessee under the Leases or by any predecessor or successor lessee under the Leases. Provided, however, notwithstanding the foregoing,neither this paragraph 5 nor the preceding sentence affects or releases any liabilities of, or claims or rights the City has asserted or may assert in the future against, any other party, including Chesapeake Energy Corporation, any of its current or former affiliates, Chesapeake Exploration, LLC, Chesapeake Operating, Inc. or Chesapeake Energy Marketing, Inc., or against the Estate of Aubrey K_ McClendon, Deceased, Arcadia Resources, L.P., Dorchester Resources, L.P., any entity directly or indirectly owned or controlled by McClendon or his family, or against any other lessee under the Leases. Cowitomleg sSTMURC AND AXLEAU AORUMM lAC�E 6 E i { 6. With respect to royalty payments to be computed and made by or on behalf of Total E&P for production from its interest in the Leases commencing i January 1, 2016, Total agrees that the City shall have the right to conduct semi- annual audits of all records related to production from the Leases, as amended j i [including any top leases taken or acquired by Total E&P covering the same minerals ("Top Leases")] and to the calculation and payment of royalties due under the Leases as amended or any top leases covering the same minerals. The first audit will be for production under the Leases from January 1, 2016 through June 30, 2016 and shall occur in and be completed by September 30, 2016. The audit i for production under the Leases from July 1, 2016 through December 31, 2016 shall occur and be completed by February 28, 2017. Future audits will occur i i following that practice. In the event the City determines from an audit or believes that royalties due from Total E&P to the City under the Leases, as amended, [or E ! any Top Leases covering the same minerals] have not been calculated in. j i accordance with the Lease Amendment, or not timely made, it shall give Total E&P written notice thereof. Total shall then have 30 days following receipt of notice within which to pay any amounts claimed. If following that 30 day period the City's claim is not resolved, the City and Total E&P shall promptly schedule 1 and participate in a non binding mediation before an irnpattial mediator. If that does not occur or fails, the City may file suit in Tarrant County District Court to COMPROMSE SATMEMENTAND RIB EAsr+AaPxicmN7' PACE 7 • F 6 R B gB d a d 8 resolve the claim and such claim shall be determined by the elected presiding judge without a jury. The prevailing party shall be awarded reasonable and necessary attorneys fees, any court costs and costs for experts, and interest at the highest r lawful rate. B (a) Notwithstanding anything contained in paragraph 6 of this Agreement to the contrary, the foregoing agreement shall apply ONLY to the City's claims F N against Total for royalties due under the Leases, as amended and to royalties due under any Top Leases covering the same minerals, for production commencing on January 1, 2016 forward. No third party, including Chesapeake Energy r B Corporation or any of its current or former affiliates, Chesapeake Exploration, LLC, Chesapeake Operating, Inc., Chesapeake Energy Marketing, Inc., the Estate of Aubrey K. McClendon, Deceased, Arcadia Resources, L.P., Dorchester Resources, L.P., or any other lessee under the Leases, shall have any rights to seek 5 or compel the City to use this method of dispute resolution, including with respect k to any pending or future claim or dispute related to or arising out of the Leases, any F amendment to the Leases or any top lease covering the same minerals; 7. The City will execute within 30 days of the Effective Date a top lease with Total E&P for each of the Leases and such top lease will top lease to Total E&P an undivided. 25% of the minerals covered by the Leases using the same n terms and provisions that are in the Leases with the amendment specified by k PAGE, COWROWS[K StrMEMENT AND RrLLASB AQRUMENT E 8 ri paragraph.2 of this Agreement. As to each tract covered by the Leases, the top lease shall become effective immediately upon termination of the present Lease, 3 but if any tracts continue to be held by one or more of the Leases for twenty-one e f 3 years from the Effective Date, then as to the Leases covering those tracts (and only insofar as they cover such tracts), such top lease shall thereafter be null and void. x F The amount paid under paragraph 1 above and the covenants made herein shall be e deemed adequate consideration paid by Total E&P for all top leases granted herein. 8. As of the Effective Date, Total, its parent, subsidiary and affiliated entities do hereby for forever and for all time completely release, remise and forever discharge, for itself and for its respective past and present shareholders, F officers, employees and representatives and any other person who claims under or through Total, any and all claims, rights, damages, costs, benefits, expenses and compensation of any nature whatsoever, whether known or unknown at the present i tune, both at law or in equity, which Total may have or claims as to the City or any of its employees, Council Members, City Manager, board members, trustees, 3 attorneys or representatives, which were asserted or could have been-asserted in the Lawsuit and which relate to the Leases. 9. Within fourteen business days of the later of the payment to be made pursuant to paragraph 1 or execution and delivery to the City in care of Ralph H. Duggins of the Lease Amendment to be executed pursuant to paragraph 2 of this F; 3 9 COWm;tOUW,SIPTTL$MMT AND RELEAS2 AGREMMI&NT PAQ9 9 I' 1' a Y Agreement, the City and Total will file a joint motion to dismiss with prejudice only the City's claims against Total and any Total claims against the City together with a motion to sever the dismissed claims into a now cause number. 10. The persons signing this Agreement on behalf of Total represent and warrant that he or she has the full legal right, capacity and authority to do so on behalf of the party for whom he or she signed. The persons signing this Agreement on behalf of the City do not have authority to bind the City without approval from the Fort Worth City Council and the governing Boards of the Fort Worth Housing Finance Corporation, the Fort Worth Local Development Corporation, and The Villas of Eastwood Tenace, LLC. The persons signing this Agreement on behalf of the City hereby commit to recommend approval by the City of this Agreement and to seek such approval as soon as practicable. The parties further represent that they have not sold, assigned, transferred, conveyed or otherwise disposed of any of the claims released in this Agreement. 11. The City and Total acknowledge and expressly agree that this Agreement is binding upon and benefits each of them and their respective successors and assigns,provided however,nothing in this Agreement is intended to affect or release any claims the City is presently asserting, or may in the future, assert against Chesapeake Energy Corporation or any of its former, current or future subsidiaries or affiliates (including by way of illustration, Chesapeake COMDR SE SETTLEMENT AND MLEAS-9 AGREEMENT 4 pp t k e �1 Exploration, LLC, Chesapeake Operating. Inc., or Chesapeake Energy Marketing], f any claims the City has asserted or may assert against the Estate of Aubrey K. McClendon, Deceased, his heirs, executors and assigns, or any claims the City has i asserted or may assert against Arcadia Resources, L.P. or Dorchester Resources, L.P., their respective owners, predecessors, successors and assigns, or any claims f I the City has asserted or may assert against any other lessee under the Leases. i 12. This Agreement is entered into in the State of Texas and shall be F construed, interpreted and enforced in accordance with the laws of the State of Texas without regard to choice of law rules, The Agreement is performable in whole or in part in Tarrant County, Texas. r 13. rho City and Total expressly agree that this Agreement is fully integrated and that it (along with the Lease Amendment and other Exhibits referenced herein or attached hereto) represents the entire understanding of the parties, and that there are no other agreements, representations, promises or negotiations that have not been expressly embodied herein with respect to the i subject matter hereof 14. The City and Total agree that this Agreement may not be amended or modified except by a writing executed by each of the parties hereto. 15. The City agrees that it will withdraw and forego pursuit of its pending motions for partial summary judgment against Total only. Likewise, Total agrees i COMPROMMR S TTLEMRNT AND RL►[MME AGL2 MWMT PAGE Xl i not to oppose the City's pending motions for partial summary judgment against Chesapeake,provided that, any ruling on such motions by the Court shall not affect nor modify the terms of this Agreement. EXECUTED to be effective as of March 9,2016. THE CITY OF FORT ORTH By: DaJid Cooke City Manager 0 FO Approved as to Fovea and Legality: ® Sarah Fiqle#ider City Atto ey gty J, g r, 1ty S S FORT WORTH HOUSING FINANCE CORPORATION By: �r LkiV v-y 7kea24LoL FORT WORTH LOCAL DEVELOPMENT C ORATION By; 7/) d'Cooke City Manager ORP VILLAS OF EASTWOOD TERRACE, OFFICIIRECORD CITY SRY By: FT.WX C OMTROWSiC stTxr.Zn+a W AND RMIASP AMMM"r PM=12 I i i i TOTAL E&P (USAC. By: Ricardo Darr6 President and CEO i TOTAL GAS &POSTER NORTH AMERICA, INC. y^ � ff ► Gas cu vw b a Approved as to form; Ralph H.Duggins Attorneys for the City C• Aff Key C. Idng Attorneys for Total OFFICIAL RECORD CITY SECRETARY FT.WORTH, TX COMMMME$E1"rLOE T AND RE LPASF AORISMUNT PAcm 13 F EXHIBIT A t31'YOpFONTwuxl UAW lessor Oria1AM Luna &M MOM elty Leese Name gtyofFatworth awspeaksfzpbra*&U.0 10.899 19-Ju(-10 1DI05FRUWAY CityofFortViw* thaspeelreexpbrmkALLC 0.11784 2-Mey41 28006REMELO CRY of Fart Wmlh ch"speoke Explaradon,U.0 OA 11-M'4y-31 19 ST ROW f CRY of Fottworth Chesapeake ExpbraLIM LLC 2.6236122 284wDS 1117`7047H ST ROW CRY of Fort Worth ChaapeMu tworodon,LLC 0.161 6-fab-U 20121RMA ST CRy of Fart7Wardl Clrubpobke Eapblrlea,LLC 0.14 12-Ataydi 2DIH&21ST ST NOW Cky of Fort Wash Chasptnke Expleredett.Me 0.079 lmuv-11 28TH 6TROW Cky of FnK Worth Charepaeke Exploration,LLC 0.4699 28•dct-11 9045 NB 28TH STRAIT Ckyofpwtwwth Chaepakafoloratlen,LLC 0.215 "41 3124EAWAND j CltyofFortworth ChaapeekbEflpbrad on,LLC 4.861977 23-MV610 40 OAKS STORM DRAIN City of Fort Word► ChuRpaks Explarvoon,LLC 0.132 17-OCt-11 409 L RAYNER CRy of Fert Worth Chetspaks Eaploratlon,LLC QA095 23-Doo-m 4TH A SYLVANIA ROW aty of Fee Worth Chasapoake ExplorNron,uc D.05111. 23.Oao14 4TH A SYLVAMA TRIANGLE awofFwtwenh Champalmthwwmloa,LLC 0.81842 11.fehdl 5300ANDERSONST CRyofFortl wth CLmsopeawaiptoraDoa,tic 0.206911 12-Febli 6921WLLSPOINTCt aty of Fort Werth Dale Property Servka4 I.L.C. 09202 1-0eo-01 ALTAMEIA BLVO ROW CRyofrerlworth ChmapsakaExplaradon,Uc 11A8 14-Nov-07 ANDEASON-CAMPBELL PARK CRyoffortwotth OalaPrgwty Services,LLC. 1,084 25-AuBa0 ANDREW POW SESSIONS COMIMARTY CENTER CRyofFortWorth ChmpeekeExpleradon,LLC 0.S 21Sap•Ot ARNESON PARK CRy Of fort Worth Dale MopWty Sor 4^LLC. 0.175 !Jun-10 AZLEAVE ROW CRyorFertMrorth Cimsepake Exploration,U.0 0.135851 1-May-09 BAKER HEt3HTSBLOCKis : CRY at Fact Werth Chesapeake fWlbmdon,LLC 0.312781 29-Am-0 BELIA AI OR NOW City of Fort Werth OMs property Sorwim L.LG 0.267 "WIC BELMONT PARKAOON BLK 198.0 CRY of Fort Worth Dab Property Wcm L.L.C. 0.1 4-Nowts BHLMONT PARK ADDN,OLK44 LOT 12 CRY or Fart Worth Chaepakefxpbntion,LLC 0.733 19.Oc1U BELMONT PARK ADON,OLKB6 LOU 1047PARTIAL Chy of Fort Wmd1 Chmapoake Explom0on,LLC 30.024 3000cG07 BERRY/YUMAYARD CityMFortWorth Dale PropertySer*4&LLC. 0.84 23-Mer05 BIRDST(ADir" City or Fort Worth Chesapeelm 6pbra0oa,LLC 1.198 2BJIus-10 BLK2 N.RIVERSIDE ESTIATES Chy/M Fort Wortfi Chempeallo drplaradory I.I.C. 1.8927 26-Au8.09 BLUE BONNET C1RClE PARK qty of fort Worth thuapea m ElOrlO woo LLC 3.7 I-Detr08 BONNIE BRAE PARK CRY of Fero Wroth We Raeerarr I.L.C. 90.996 29-Nov-05 BRENNAN AVENUE SERVICE CENTER CityaffortWorth ChaepbekatStploradwkat 0.439571 U-Dee-12 BROOKSIDE ANNEX ROWS Gtyoffortwwth Four SmnsMergy Co.LLC 0.328 B•M r-20 BROOKSIDE ANNEX,BILK I LOT 16 CRyoffortworth FDursavretEnergyCa,LI•C U907 1e•Apt`10 BROOKSIOEANNEY,BI.K3,LOT3O ChyofFtntworth ChmpeeksM*rWon,LLC 0.163 8-Feb-18 AURMILLRDROW qty of Pat Worth Qraepalm FawkuaKar,LLC 71.42 1 Jwa10 CANDLERR]0E PARK CRy of fort worth Chuspeskb Fkplaeatlm%U.C. 0.411481 21.0ct-11 CENTREPORT-25381 TRMLTY BLVD City of fort Worth Chumpaake empierstlam LLC 3.494851 21-oat-Il CENTRIPORT-13261 FAA BLVD CkyoffortWm* chmp"mexpbrst1wkLLC 0.988761 27-Oct-11 CENTREPORT-Me Rim CRyofFortWorth Chesapoekeexpbmtloe,LLC 0.626 29Juh-09 CENTRIPORT0.62611.708-100%CFW Centraport Berndt,IF Chewpaks Byloredm LLC 650 24-A NM CENTREPORT 050-COMPORT SARNOT,LP C'hyofFortWerth FourSwetls Energy Co.,LLC 1.676 16•Mer09 CHAPINRDROW-AOMIN dtv of F*M Werth FoW 11 OWN Ene W M.,ILC 0.999 4-Nov-09 CHURCHIU.AD STORM ORAIN CRY of fort Worth Owspeeko F*Wptl6R,U.C. 15.18 IS4ap-08 CIRCLE PARK C'Ry of Pertwbrth Chaepaka Expknft,LLC %2073 11-May11 CLEAR FORK PUMP STATION �Y atFat Worth chesapeak0 t3lpkxstlon,LLC ]52.4433 19 New07 COBS PARK ClIYofFwtWadl Chciapeakeexplarm0%L4C 2.621 S-Feb-13 COBS PARK 11 Chya(Fortworth ChaMmakeftptoratlon,LLC 0.344059 4Mah12 COME HEIGHTS ADOw,KK2,IT14 Cky orFart worth Ddb property Ser*64 LLC. 0.696 M048 COOKS LANE ROW-ADMIN I CRy of Fwt Worth Oak Property Servka;L LG 0.15 8-MvM0 COUNTRNSIDE ADDH PARK t CRy of Fort Worth Chesapeake exploradom LLC 16.231 U44WIt CREEIMDE PARK My of Fort Worth Fear Spsem Energy Co.,LLC 0.957 bCkt-00 CRE9WODO LOTS ( � cayorFortwordl Chea8peekeExpktradon,LLC 1.6B 154ep-0B CRESTWOOD PARK, CNV&FOrt Worth 0*Property SmIcas,I.L.C. 8.449 22-Sep-10 OABNEY PARK ' CRy of Fortwrth Chaap"ho booredon,LLC 11.993 644-12 CM CREEK PARK CRy of FOrtworlh Chmpeeke eMdwadan,LLC 8.26 18-Mby-07 OMfiA PARK ; s I CkyofportWorth Chesope4eexplamdot6LLC 2.078 19-Oct-11 DRY BRANCH CREEK AT BRACE Cky of Fart Worth Chesapeake Ibtplomdar4 UC 01119 26-Nov-11 DRY BRANCH CREEK CHANNEL ChyofFortWorth CiresapeskeEwpbrsdoMLLC 2.71 28.MW 4UYTUISURVEY i CRyal'Fortwoflh ChasapeakeExplOraft,LLC 0.601 21-Oct-11 EARL8T.ROW } qty of Fort Worth Chesapeake EmphmRlon,LLC 1.113 20-Nov11 EAST BERRY LIBRARY i CRyofrortwom ChempaekeEapkxedonrLLC 297 33,Ibh-011 EASfMEWAYWATERTOWER i city of Fort worth Chaepaske&plemo^LLC 4.926 14Jw0-11 EAST RAGIONAL LIBRARY 5 CAYofPortwardr CbssepaLmboormhm4LLC 0.197 29-Now-11 F.ASTIANDCHANNEL Cky orportworth Chempeeim ExplemOW4 LLC 1!S 6-fob41 WTOVER PARK j s City 0f Fart Wordy Ddb Rateureoe,L.L.C. 702.65 3s*ob•05 EASTSIDE PARKS City of Fortwbrdr Chesspomm Utpbralton,Luc 191 B,Aurils EASTSIDE PUMP STATION gtyofFoltwerth Chmpniatiz bra"mI.LC 1.454 2tNowaa FASTWOODUEVATEDWATERTANK Lllyorfbrtwatb Clw"PeeheErOW11"NI.I.c DB]83 2.Mr10 ®DERV1lLEPARK CRY of Fortyppmh Chesepsxko thlplomdrf,LLC 0.1SD4 1(•Mer12 EDGECUFF BRANCH CHANNEL t1s PARK(ADN}qy sf fort worh Chap4sks ExpbraKon LC 10.5146 54un49 PWaof4 i 4 i CItVO(FortWorlh Chesapeake ExpbradabLLC 0.174 384L 21 EMERSON STREET ROW CRyof Fortworth Chesapeake Explarodoe,LLC LMS 7JLpf-2O ENRLEWOOD PARK Cky of Fort Worth Chesapeake Exploretfon,LLC 9.54 4-Aug-ii ENWRomwwAL COLLFLnm CEfdTEJI 3 CRyofFortworth ChompeekeFitplaradon,LLC 9 8-M2y10 EUGENE MCCRAY COMMUNITY CENTER CRY of Fort Worth Chesapeake Exploredom LLC 1.619 194WU FAIRFAX CHANNEL CRyofFis"Wath Chesapeake tkpbredon,LLC 06445Z ZI.Octd1 FAIRFAX CHANNEL 11 ChyofPartworth Chenposkef"wrafth.LLG 7.897 7-May-10 FAIRFAX PARK ovoff"Worth Chesapeake Earplontion,LLC 0.241 2-M41y-11 FAIRLANE CHANNEL dtV of Fort Worth Dub Pf0portySosNoss,J.A,r- LOS 24eb-09 FIRE STATION 03-ADMIN CkyarFortWorth Dab Proputystr*es,LL.C. 0.918 7-Jul-0B FIRE STATION04dWMIN Ckyor"Worth OobPrsportys tNees,t.tC. 0.6739 16-M■r-00 FIRE STATIONOWtOMIN Coy of Fort Worth Chesapeake fOtploradon,LLC 0.30173 23-Jun-0 FIRE STAM ON 11 City of Fortwonh Qresapaake EYpleradoa,LLC 0.858 18-inn-11 FIRE STATION 18 CRY of FortWbrth Do*Prop0rtySmsvIcAI.L.C. 0.519 E-Mar-10 FIR95TATIONIS My of fort WOMh Dab proporty Sorvkm L.L.C. 06582 27-Mar09 FIRE 5TAT(ON 17-ADMIN CRY Of Fort Worth Chesapeake Eyplaotlon,LLC 0669 12-m-ii FIRE STATION 19 CRY of Fort Worth Chnepooks Bxploroden,LLC 0.754 1744ay-10 FIRE STATION 20-ADMIN CXyorFortWorth Cheupe"ExcplorudamI.LC 0.619 2-feb-09 FIRE STATION 21-ADMIN dhof Fart Worth Dal*Proparty90 wm.L.Lt 0467 6-Sep-10 FIRE STA-EON22 City of fort Worth FourSevom Energy Co,LLC 0.6907 27-Man09 FIRE STATION 29-ADMIN CkyoffanWonh Chesapeake M*kwvtio&LLC 0.6643 20-Mar-3Z FIRE STATION 2402 qty of FOR Werth Chesapeake eXpleradon,LLC 0.529001 1S-Aesril FIRE Sr'AVON SO Coy of Fort North Chesapeake Ekpbration,LLC 190.1926 7•May-1D FORM PARK CRy of Fort Worth Chesepaako Expbredon,LLC 11.000287 194)w11 ®A11sBRELL-McCART ROW Cry of PortWerth Chosepeoke Exploration,LLC 29.69 124u610 GEORGE MARKOS PARK Cky of Fort Worth Chesapeake L3tploradon,LLC 1.2760475 10dap4l2 610 HOOPOR PARK Cwf of Fott Worth Oafs Property Iw*-,L.L.C. 0.128 1-Deo•09 61LVIN ST ROW OW of fart Worth Chesapeake 0tplorOdon,LLC 0.0205 %Mly-11 SEEN BARDEN ADDITION LOT 18 SIX 22 NW CORNER City of Fort Worth Chesapeake fxplondee,LLC 0.7 If-May-10 GREEN OAKS BLVD EA"NT CRy of Fortwofth Chesap take Exploration,LLC 0.1721 1B-May-10 GREENBRIAR ADON,BLK 2,LT 42 CRY of Port Worth Chesapeake expbradon,LLC 0.53867$ 18Jan-li GREENFIELD ACRES STORM DRAIN CRy of Fort Worth Chesapeake Espbration,LLC 31.946 S-OCI-07 ISRE6NWAY PARK Qtyef FortWeMh Chesapeake Bxplaredon,LLC 22.48 27-00-11 HALLMARK PARK Gty of Fortworth Chesapeake lkplorcum LLC 19.45 10-Mm"I HANDLEY PARK Clly of Fort Wmdh Chesapeake Explaration Utnked Par 51.2886 134u1-07 14ARMON FIELD PARK CtyOf Fmtwmlh Chesapeake Exploration,LLC 0.984 S-NOV-12 HWMAN ROW ChyofFmtworth Chesapeake Exploration LIlrllrad Par 3,69 18-May47 HELICOPTER PAD Ctrof Fort Worth Chesapeake 6xpknllo&LLC 28,659 9-Oct-0 HIGHLAND HILLS PARK Qty of Fort Worth Chesapeake Exploration,LLC 0.2E S-5ep'09 HITSON W ROW j CRyo(Fortwclnh Chesapeake Ekplmdon,LLC 74979699 9-Feb-10 HOLLY WATERTRFATMENTPLANT CRY of Fort Worth f2rsapeake Exple allay LLC 23.0341 194ul-10 HULEN MEADOWS PARK ; My of Fort Worth Oak Resources,LLC. 0.68 28-up-05 HUSY SURVEY CiLyof Fortwotth Oak PtoportySrrvbei L.LC. 0.618 11rbn-20 I-2*411INYERCHANOEROW CityofFortWorth Dab R*sourm,LLC. 80,868 26-Apr-M 140 ih UT STREET ROW 0tyof Port Worth Chesapeake Expbretlw4 LLC 20.1605 3D-Oct-07 I-As ROW City of Fort Werth Coyote petrobum vishwe"LTD 5.90 19Ju1.10 ).T.HtNKLE PARK 41y of fort Worth Chesapeake txpkrration,LLC 0.5165 4-DOaU9 JINICiN6 H81GHTS PUMP STATION QryofFwtWorlh Chesapeake exploradon,LLC 0.786 1B-JU}-11 JOHNT WHITE a SAM*LANE ROWS qty of rat Worth Chesepooke Dtpkuation,LLC 2.179 22-Doc-11 KAYWOOD HEIGHTS Cityo(FertWofth Chesapeake ExploatIW4LLC 1.39099S 114MY 40 KEMBLESTROW i qty o(portworlh Chuapwk*fxpkxodon,LLC 2,802.16 13-May-11 LAKE WORTH ZONE BA C kyo(FortWorfh Chesapeake Expbradw,LLC 0,08 ii-Mar-14 LAKI WORTH-ILIA YOUNG Cty of FortNPorth Chesapeake Exploration,LLC 2591017 26-M18-10 LANCASTER AVE RCNAr OtyofFmtwonh Dab PropertySOwiees,l.LC. 0.17 17-Ad-10 LEROW CHANNEL III Ckyof FortWorth Oub Property S4rvke4 LLC. 0.2 27-May-30 WEAVE STORM DRAIN City aLFnr WwIlh Chesapeake ExpWadon,LLC IL2466 261ap4M LINCOLN PARK ChyclFortWaMh Chesapeake Explofallon,LLC 2LB37 28-Mor-12 UNCOLNSHIRE PARK Qty of Fort Worth Chesapeake lxploraden,LLC 0.9011364 28-Aug-09 LINWOOD PARK,BLOCK 18 k 20 qty Of FOrtWo th Rah Property Sorvlcea,LL-C. 4.2046 4-JuA.09 UNWOOD PARK,RdACK 19 qty of Fort WaMh Chesapeake Wo allon,LLC 0.814 6-Foh-12 LITTLE JOHN PARK otyofRwtwotth Chesapeake Explofadep,IJC 20.798 9.Ott-07 LITTLE/GILMORE Cty of FmWOrth Oak Property S"c*s,"t 0.194 17-Muy-00 L0T12 ELK 2 MORGAN HEIGHTS Cky Of FmtNbrth Dale Property SMVkea,t.LQ 0.2 27�Msy610 LOT 18 4LX 7E M O EUIS ADON OW o(FOrt Worth Dab Pfopefty Snv1504,L.L.C. 0.2 27~10 LOT 7 BLK$2 BELMONT PARK Oty*(FmtWonh Chesapeake t3tpbratlon,LLC 1.014472 4400 LOVELL-MONT60MERYROW-ADMIN CdttofFortworth Chesapeake Dlpbrado0,LLC 2.282 19-Oct-11 LUYHER LAM DAM CRY of Fort Worth Chesapeake lttplormilm LLC 4 3S-Mem0 LYNCH SURVEY,TR 2 CRY of Fart Wooh CMsopeahe Explefeth",LLC 0.0642673 20-Mar22 MADDOX PARK 82 CRy of fort Wash Dale fksoume4 L.L Q 81.6 9-Dea09 MALLARD COVE PARK Cleve;Felt Worth Dale"any Sw*os,I.L.C. 1.0951 2'Feb 09 MALONE-MOOR!ROW CRY of Fort Worth DadePropwVS%1Aw LLC. 0.154 14on-10 MALONE-MOOR!ROW 11 Coy of Fort Worth Clwsopeake Exporodw%LLC 5 21.00-11 MARIE K PATE PARK Cky of Fart Worth Chesapeake 4t0oradon,LLC 10.B 104t"l MARINE PAN CRy*f Fart Worth Four Saveas fnm6y Co„Ul: 1.466 16-MW433 MARCIVETTA OR ROW-ADMIN PaN2of 4 i City of Fort Worth Dab Proporty5ervfees„LLC- 0.252 17-MAY-20 MAATINDALEADON Ctty of Portwarth ChetapeeJta Explo»tlon,LLC 1.3729 21-Oct-11 MARY HORN SURVEY City of Fork Worth Chesapeake Exploration,LLC S.541S 8-MW44 MARY AND MARVIN LEONARD PARK City of Fort Worth Champeake i]tploratlok LLC 2,5955 2-Aug-10 MC CART AV0 ROW City of Fort Worth Chesapeake ExploratloN LLC Q039 18,!111-11 MEADOW LAWN BLK 8 PARTIAL City Of Fort Worth Chesapoake Exploration,LLC 11915 184ul-11 MEADOWNHOOK BLVD ROW City of fort Worth ChesapeakoElxploratlon,LLC 133.651 3-May-10 MEADOWMROOK GOLF COURSE City of fort Worth Chesapeake Exploration,LLC 0.853241 12-M040 MFADOWBROOK UBRARY CRY of Port Worth Chesapeake Exploration,LLC 4,679 21-00-11 MEADOWBROOK SYOMGE TANK 3 CRY of Fort Worth Chosepeoke Exploration,LLC 01933 23-Doo-14 MILLER ROWS CRY of Fork worth Dale ProperlySeMcu,LLC. 061606 21-Apr-09 MOODY BLOCK 36 LOTS City of ForT Worth Dale Propmty SeMeaa,LLC. 0.1721 21,Ag-w MOODY BLOCK 38 LOTS CRY of Fort Worth Chesapeake Explototlon,LLC 3.43 8481142 MORRIS BERNEY PARK i CRY of Fort Worth Chotspoake Exploration,LLC 0.198691 19.Oft4l MURRAY HILL ADDITION 511UP City of Fort worth Chesapeake Exploration,LLC M262 214at-11 N.BEACH ST ROW Clly of fttwanh Chesapeake Explaratloo,LLC &247 10,AuB-10 N.RIVERSIDE ESTATES Lt 9 BLK i city of Part weak ChasapookeE3tplomtlon,LLL 2.218 22-Oct-11 N.RIMSRIEROW CRyoffortworlh ChesspaakoExplemilon,LLC 47996 28,JL4-li NS231105TROWII CltyofFoetWorth Dale Property Services,L.LC. 0,2714 26-Feh•09 NE29111)STROW-ADMIN City of Fort Wosth Date Property Sarvices,L.Lt 0,5705 14unle NE 28T111 ST ROW CRy of Fart Wont Chesapeake Explomtlon,LLC 90.344 lWap•08 NORTHP.AST LANDFILL-2 City ofFonWotth Chesapeake 15*10Mtfon,LLC 41 29.Oct-07 NORTHSIOROR1YE4.3ACRES Otyof rat worth Chesapeake Eplamtion,LLC 12.0285 19-Sep-08 NORTH910EPARK CM of Fort Worth Dale PmpmtyServicel,L.L.4 9.28 27-May-10 NORTHSIDE POUCE STATION ChyefFartWmth Dula Property Servlces,LL.C. 2.34 2.MaMO NORTHSIOE PUMP STATION gtyofFortWonh Dell Property Swees,t4c. 0.096 21-Mar47 OAKHURSTPARCEL-AOMIN ClLyofFortWorth Cholepeak4 Exploration,LLC 1,296 19-Jan-1111 OAKHURSTPARK GIV of Fart Worth Rep 05 A Ors,I.P. 27,6913 22-Mer-07 OAKMONT LINEM PARK SOUTH Cltyof FortWorih Chosepeak4 E xpkroDon,LLC 0,247 9-Oct-12 OAKVIEW ROW CRY ofFortworth ChesapeakeCXPIOMtla%LEC 4415214 27-Mar612 OLD NORTHSM1 PUMP STATION Cltyof Fort Worth chasapeakII Exploration,LLC 0,34 10-&*28 PARKWO000A1TPARK Clty of Fort Worth FaurSems Energy CO,LLC 2.1662 17-Sep-0 POINSETTA OA MSEMI14T i sly orFartworth Chesapeake aplorallon,LLC 1.2796 28-M4r-10 POt10E NPD 0S ASTON HQ) CydFortWorth CheepeakeElplarstlon,LLC 2A3S 2040n-09 POUCENPD6 qty ofFortWorth FovrSavemCAefVCO,LLC 1=3 25-Fab-09 POUCENPOB-ADMIN Qty of FortWorth Dale Resources,LLC. 22,5 22-Aug-06 POUCE POUND MyoffortWorth Champeake Exploration,LLC &873553 4-Apr-12 POLYTECHNICCHILDDEVEWPMEWCFNTIM City of Fort Worth Chesapeake Exploration,LLC 39.56 7-JuwW PRAIRIE DOG PARK CRyaff01twmth Chesapeake Ekpktfatlep,LtC 2,720118 ZS,Avg-10 PURINGTON AVE STORM DRAIN CRY of Fort Worth AdtOR b Gas,I.P. 7,829 1jWu1-07 QUAIL AI DOE PARK Chyof"Worth Chmepeake Explantlon,tLG 11,08S 13-Detr11 RAMItYAVE ROW CRY of Fart Worth ehesopeako Exploration,LLC m 671 17-J4n-0g RANDOLL MILL AO ROW-ADMIN CLY ofFort Warth Chesapeake 8xitimtlon,LLC 653 2-Mor-10 MGM HILLS PARK Chy of Fort Worth Chesapeake Exploration,LLC 1.9851 22.OSo-11 RIGG A LIBRARY 2 Chy of Fort Worth Date Resources.LLC- 4,801 21-Aug-06 RIVER TRAILS PARK City of Fort Worth Chasapeake Exploration,LLC 21.871 111-04-07 RIVERSIDE PARK Qty of tort Worth Chesapoake Exploration,LLC 5.5 S-Oct-07 RIVERSIDE PARK•SOUTH END ChydPmtWorth Cflesspoako Exploration,LLC 339.233 29 ool)7 ROCKWOODPARK AND GOLF COURSE Qty of Fort Worth chatapaake Exploration,U.0 0.1941 12-Mar-10 ROSSLAND ADOM,LOTS CRY of Port Worth Dale Property Services,L.I.C. 0,195 35-Mar-10 ROSIN HEIGHTg,BLK 195,LOT 4 CRY of Port Worth Chosapaake Dlplaratlon,I1C 4.565 4-Apr-12 S.HAMPSHIRE BLVD ROW II CRY of Fort Worth Chasapaoko Exploration,LLC 1,136042 23-Aug iD S.HAMPSHIRE BLVD,ROW CRY of Port Worth Chesapeake bislomdan,LLC 0.04496 13,1ul-10 S.HE MPHILL ST ROW city of Port Worth Chosepooka Exploration,LLC 1,4983 22-Sop-10 SAOAMOR6 HILLS PARK Chyo(FOrtWoM Data Property 9eftes,LLC. 47S 25-Fab-09 SALAZARUNIT-ADMIN CRY of Fort Worth Four Swarm Energy Co,LLC 0,002 16-N0v-09 SAM CALLOWAY RD ROW Chy of Fon Worth Chesapeake Exploration,LLC 26.5 10-Sep418 SANDY LAVE PARK Qty of Fort Worth Chompt;aka Exploration,LLC 4.80506 B-Feb-12 SA011A UNIT MISG ROWS CRY of Fort Werth Chesapeake Explamtton,LLC 10,4 I04ul-20 SETTLEMENT PLA7A PARK CRY of Fort Worth Chesapeake 4plmeth0,LLC 10 6-Jun-13 SHACKLHFORD PARK City of Fort Worth Chesapeake Explora ilon,LLC 9.7763 284ep-07 SMITH W KEMON PARK-WHITE MILLS AVON 2 Chy of part Worth Dole Property SwA016 LLC, 3,52 22dap•10 SOUTH MEADOWS PARK qty of Fart Worth Chesapeake Explmatloo,LLC 155779 10-Jul-10 SOUTHCREEK PARK Qty of FOR Worth Data Property Sar*as,LLC. 2,048 2-MoM0 SOUTHAIDGE PARK City of Fort Worth Four Sevens Energy Co,LLC 75,697 SO•Apr06 SOUTHWEST CO.NW-UNITY PARK CltyofFortWorth Chesapaoke Exploration,LLC 19.826 31-Nov-10 SOVTHW6SrSfAVICECENTER CityorPortWorth Pour Sevens Energy Co.LLC 022.007118 27-0&645 SPRIKII AIRPORT qty of Fort Wertlr Chasepeoka Exploretlon,TLC 4,917 2-Mer-10 11PAINGGALE PARK Qty of Fort Worth Chesape4ke Explamtlan,LLC 4.93 2-Oct-00 STAGECOACH PUMP STATION qty of Fort Worth Chasapoeko ExplaatIM,LLC 5.972 4-Jon-09 STEPHEN3 PARK i SEMINARY WATER TOWER Qty of Fa IWortUx Dee Property Services,LLC. 8.1177 9-lun•09 STOCKYARD$L1277(ADMIN) CRY of Fort worth O::Propertysorvlees,Lt.e. 0.285 27.7en-20 STOCKYARDS It CRY of FOR WORK Chesapeake ExploatIoN LLC 460353 7-Mayd0 STONE ROAD DRAINAGE EASEMENT Cly of Fort Worth Chesapeake Exploration,LLC 0.6630911 31-Mar-10 SUMMER CREEK PARK Page 3 of 4 I My of F4R Werth Chmpeake aptamtlo.LLC 7.6 184"4M SUNSET HILLS PARK Gb of Fot Worth Cltaepubo FXOamdon,LLC 26.164 6-Out-07 SYCAMORE CREEK GOLF COURSE j CRy of Fort wu* tlieppalm&Abmd^LLC 93.769 3,ANS 09 SYCAMORE PARK { cllyofFortwarth Chasepeakg01plMUM%,LLC 28511 I.Oeall SYLVANIA PARK Ctyof FortWorth Che"poflre exom fofy ur 3.76 31-Mar-11) THORNY RIDGE PARK *Y el Fot W%M chempake LA O=d^LLC 7.6983792 19*440 TITUS PAUISEL PARK # lkyefportWorth DokPropertySefvlou,LL.C. 25.788 214pw09 TMLDRNEAS PARK-NORTH j Cry of Fort Winch Dab Resourceq t.l t 98A 24-AR-0 TRAIL DRIVERS PARK-SOUTH Cky ofFot WW& Chesapoalm btplonwom ut 6.066 1549p a TRI1"OLVD ROW CtyofFortwarth cheupeeke&*ftdokLLC 169 3•May-10 TAIIRTYRIVER CkyofFartVloM FoWSeYt&wrWCa,,UC 0.4448 4.11" TROY COURT EASEMENT GtY of Faft Worth Chesapeake Btpbratfem Uc 0.024 13•Dao•11 TRUE ACRESYRIA OU CkyofFatWath Cbeapukeapknft,ll6 CAM 12-Mey-15 TRUILAND WATER TANK Cky of Fart Worth Qher alke boom IN6 LLC 4.SDSB01 33-Jul-le UNIVEASfiI DXvE Row I CRY of Ponwoth ChasepeakeWomthm,ut 4.03 7,1u-07 UNIVERSITYNORtH/PRINITY cT al port Worth Ch—peako bwkndoN LLC 0.20087 4-Apr-l2 VAN HORN,IILK 4 LOT14 E Gly of Fort Watch Chaapeaks loarsdae,LLC 0.169 S-Febde VAUGHN 9tVO ROW CryofFortweth Fehaepahethrploradon,LLC 30.02 33A4ar-f0 VILLAGE 6MEMOAK PARK 3-May-20 VILLAGE CRE6t PARK cky of Fart worth Chosepake BrplomtbR,LLC IL294 2944ee-07 W H UTTLE SURVEY CRY of Fort wbm chat4puka etplem tom LLC 7.847174 10-feb-08 W VKXW NOW(MCIORY PLACE AODN) i CRYof FOft Werth Foer SeYens 6Rmeyy CO.,LLC 1236 a-Mer la WAVERLY PARK STORM OWN Chl of Fort worth Ctao3puko Ulpbmtlon,LLC 2.1588 22-Mrr-10 W1:S1'GAWK CIRCLE dry of"wotth Four Sewrts 6ROBy lb„LLC L04 4-NOV-09 WHIMOAKS WORM BRAIN i GtyoffatWatb Chaappkefuptom/bn,uc 4 27-At41614 WICHITASTR86TROW j Ckla(FRrtwerth Chempaakoomforottam4(tc 0.172 1149-21 W"UTIRANCHCHANfea. city of Fort worth Ownpaks Btplomtlon,LLC 0.21 ~a WILHELM ST ROW CtyofFortWmtb Chesoposke&$omrlon,LLC 8X77 11-Sgydl WILWWCRM PARK ckyof fart plattlt Chesapeake awk ntk%LLC UMS92 8.0441 W00"VEN MWIRY 0.UI ESTATES,LOT 1,61X 34A *Y of Fort Worth CMsapeaha EocratIM LLC 0.874 2 Oc1.09 WORTH HEIGHTS COMMUNMCENTIR CRyofFcrtworth CheraftakeL9plorotimLLC 1.265 26,111509 WORTH 14CS PARK c*0rFWtwm"b ckesq imbtpfomtWNLLC 0.076 9.00-12 WAKAYROW Qty of Fort Worth Cbelapaeks Oplofatlon,LLC 0.003 1S,fat1.11 YEAGER ST ROW ckl of Fart worth Chesapake Emploretlorb LLC 144M9 15,A&*U 2:110M NORTH(GOLF OOURSE) CRyoffatworth CheupeakeftplaratloNLLC 2.932 2-AW10 2IOAZPLACETRIANGLE FORTUMM MOM MWACK4:OOiORATMNRWII I fatYtx Nookillimicscerperalm a0wvYoa4LLC 2.N 244 10 2S1 *GfCtEI1.6cMO Fat worth Mauft flnenee Corporation cheppeaha Explomdw4 tic p 903 W Nrh11 2719 AVE C Fort Worth Nau**Nheece Carpomtbn Chesapeake etpfom0mi,Lit x192 21.OcKl 4928 RAMEY fart worth w*"Fkmnce cape " Chenpown ltplorstbep LLC LASS 1O•larll IRAYWN UNIT fart Worth Hoadltp Nuance tbrpomtfon Dale homwct%L.LQ 4.986 i t4wi-W CARTER STATE LPASE Fat Watt Neusklp Hntrnae f afpartldon Chaswake Lttplor80on1 LEC 1.6292 4-Nw#.M NFC FASr7CR 4D6eW*00 Fart watt Hoa fry F"m Cerpamloe cbwpeake 601cratbn,LLC 0.1564 264W.11 SHERAYON ADON,9LK 2 LOTS 6.9 i R41R lOGL014Y�/88991TtlOI8M1RAtNlML6ASlS SEC tmldldll� emm Fm wa*I.Dcd Dw4wDpmol*CwpwAm Clwapeeka ll4 bmdm t1c 25200 lg#AI-S LDC 17761+1tNIlV gr Fat Worth LOW Dft*Op1r14Rt eaporation D46 Property Sart4w;,LLC 2184 1"Ak-08 Lac2al 5II4w=4 on Fot We*Lo*DMWpmantCxWWon Ch—pakeBlpbmtlayLLC U217 1840.09 WC321765224YVMA8Y i i Vf.LABtfP>faiiTYYb00TlIItA�QBt�p j 11�epltl'81ArgedTanNB tltaeapeaLpeQg11ef8galq,I1C 1A.3f 304wit VILIA11OPOSTWOODTEIItACK ! i 1 I i ! I 1 i Pap 4 of 4 I s Exhibit B ` NOTICE OF CONFIDENTIALITY RIGHTS:IF YOU ARE A NATURAL PERSON,YOU MAY REMOVE OR STRIKE ANY OR ALL OIL THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER' S LICENSE i NUMBER. t AMENDMT OF OIL AND GAS LEASIES STATE OF TEXAS § I § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF TARRANT § This Amendment of Oil and Gas Leases ("Amendment') is made and entered into effective as of January 1,2016 (the`Effective Date'), by and between the CITY OF FORT WORTH, a home rule municipal corporation of the State of Texas located within Tarrant County, Texas ("Lessor") and TOTAL E&P USA, INC. ("TOTAL E&P"), a Delaware corporation, the address of which is 1201 Louisiana Street, Suite 1800, Houston, Texas 77002. WHEREAS, Lessor previously entered into the oil and gas leases identified by date, acreage, and City of Fort Worth internal lease name [and official property records reference number] on the attached Exhibit A (the "Leases') with CHESAPEAKE EXPLORATION, i LLC ("CELLC'I or a predecessor of CBLLC covering the Iands described therein for the purposes and on the terms and conditions as set forth therein; WHEREAS, a Memorandum of each of the Leases is filed of record in Tarrant County,Texas; WHEREAS, TOTAL B&P acquired from CBLLC a twenty-five percent (25%) working interest in the Leases effective October 1,2009; WHEREAS TOTAL B&P is a lessee and owner of working interests in each of the Leases; 1 WHEREAS CHESAPEAKE OPERATING. LLC currently administers, calculates, i and distributes royalties on behalf of TOTAL EBr,P, as well as on behalf of CELLC and certain other working interest owners and lessees in the Leases who are not parties to this Amendment;and WHEREAS, Lessor and TOTAL E&P now desire to amend each of the Leases as i hereinafter set forth. ' Awww4 Air OA OIL AND GAS MAW-PAOB I 1 i i NOW THEREFORE,for good and valuable consideration,the receipt and sufficiency s of which are hereby acknowledged, Lessor and TOTAL E&P hereby AMEND each of the Leases as follows: L F (1) As to the interest of TOTAL E&P only,each of the Leases is hereby amended } effective January 1, 2016 to include the following provision in the fast paragraph of paragraph 4 of each of the Leases stating in bold and all caps: ALL ROYALTIES DUE AND PAYABLE UNDER THIS LEASE SHALL BE COMPUTED BASED UPON THE HOUSTON SHIP CHANNEL TNDRX PRICE MINUS TWO CENTS PER MIVIBTU REGARDLESS OF WHERE TOTAL E&P'S SHARE OF GAS OR OTHER HYDROCARBONS PRODUCED UNDER THE LEASE IS AVAILABLE FOR SALE OR IS SOLD OR DELIVERED AND SUCH ROYALTIES MAY NOT UNDER ANY CIRCUMSTANCES BE OFFSET OR REDUCED BY ANY POST PRODUCTION COSTS, EXPENSES, CHARGES OR DEDUCTIONS OF ANY AMOUNT, KIND OR NATURE, INCLUDING BY WAY OF ILLUSTRATION BUT NOT LIMITATION, COSTS OR EXPENSES FOR GATHERING, TREATMENT, PROCESSING, TRANSPORTATION, PIPELINE CHARGES AND EXPENSE% COMPRESSION OR MARKETING. HOUSTON SHIP CHANNEL INDEX PRICE SHALL REFER TO THE � PRICE PUBLISHED MONTHLY BY MCGRAW 11111 IN INSIDE F.E.R.C'S GAS MARKET REPORT UNDER THE HEADING `MON'T'HLY BIDWEEIL SPOT GAS PRICES, EAST TEXAS, HOUSTON SHIP CHANNEL INDEX' FOR THE FIRST DAY OF TIU MONTH OF DELIVERY. IN THE EVENT PUBLICATION OF THE FOREGOING REPORT CEASES, OR IN THE GOOD FAITH BELIEF OF EITHER THE CITY OR TOTAL E&P, SUPPORTED BY AN UNAFFILIATED THIRD PARTY OPINIION, THE INDEX IS BEING ARTIFICIALLY MANIPULATED OR IS FUNDAMENTALLY UNRELIABLE, THE CITY AND TOTAL E&P SHALL PROMPTLY MEET AND CONFER IN GOOD FAITH TO AGREE UPON A SUBSTANTIALLY COMPARABLE PUBLISHED INDEX FOR CURRENT ON-SIIORE SPOT GAS PRICES BEING PAID BY PURCHASERS TAILING DELIVERY OF GAS IN TAE HOUSTON- Y;EAUMONT TEXAS AREA. (2) This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and, assigns, and may be executed in any number of multiple oounbiparts, each of which shall have the same force and effect as au original instrumont executed by all of the undersigned parties, regardless of whethor such Amttxtx m-rr off OIL AND GAs UAW-PAM 2 counterpart is executed prior to or subsequent to the .date hereof or the filing of record of a counterpart hereof. (3) The terms and provisions of this Amendment shall supersede, control and take precedence over any conflicting or contrary terms and provisions in the Leases, including the definition of "market value"; however, in all other respects, said Leases, as previously amended, and the prior terms and provisions contained therein, shall remain in full force and effect. (4) As to the interest of TOTAL E&P only, Lessor hereby ratifies, confirms, adopts and grants each of the Leases as amended hereby and represents that said Leases are in full force and effect. IN WITNESS WHEREOF, this Amendment is EXECUTED by each of the undersigned on the date(s) indicated below, but the same shall be effective for all purposes as of the Effective Date. LESSOR: CITY OF FORT WORTH By: Jesus"Jaypt Chapa Assistant City Manager LESSEE: TOTAL E&P USA,INC. By: Ricardo Dant President and CGO OFFICIAL RECORD CITY SECRETARY AMBMmn T of OIL AND GAS LsAS6-PAas 3 FL WORTH, TX i ACKNOWLEDGEMENTS STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared jt-5m Ch" Assistant City Manager for the City of Fort Worth, known to me personalty or identified to me by proper identification or upon the oath of a credible person, and acknowledged to me that he/she executed this instrument as the act and deed of the City of Fort Worth, for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE on March a.2016 *o►/"'��'��sf�* TRACEY M.MWAY � ( �') ID#8748554 �8 My Comm.Exp.Oct.15,2019 Notary Public, State of Texas STATE OF TEXAS § COUNTY OF HARRIS § BEFORE ME, the undersigned authority, on this day personally appeared Ricardo Darr6, known to me personally or identified to me by proper identification or upon the oath of a credible person, and acknowledged to me that he executed this instrument as the act and deed of TOTAL E&P USA, INC., for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE on March Al 2016. DJW?�A� -- No Public, State of Texas •,,. i UEL ISELA SUENTEUO 1• a Notary Public,State of Taos My Commission Expires March 26,2016 OFFICIAL RECORD AmE mmwr ov OTL Am GAS LMAS13-PA01 4 CITY SECRETARY FT. WORTH, TX