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Oak Tree Minerals, LLC

High A Cotton Valley Package 15 Producing Royalty Interest Wells

Freestone County, Texas

1

High A Cotton Valley Package

The assets within this package reside within the Cotton Valley formation within Freestone County, Texas.

The wells in this package consist of mature, low decline natural gas wells, supported by operator Legacy Reserves Operating LP’s 567-mile natural gas gathering system and plant acquired in their acquisitions of these properties in 2015. All wells in this package are drilled at approximately 12,500 feet deep. Legacy reports that the estimated reserve life for this field is an additional 11.8 years. The two permits to drill in Freestone County in the past three months are located just a mile and a half northeast of the subject wells in this package.

Package Details:

15 producing wells o 15 vertical o Royalty Interest

Location o Freestone County, Texas o Formation

Cotton Valley Consolidated Dew Field

Production Breakdown o 0% oil o 100% gas o 0% NGL

Cash Flow o $104 over the past 4 months

Operator o Legacy Reserves Operating LP

2

Table of Contents

High A Cotton Valley Package

Document Sets Page Check Revenue Statement 4 Check Statements 6 Maps 18 Production Graph 22 Source Assignments 23

3


Check Revenue Statement

4

Operator Apr-17 May-17 Jun-17 Jul-17 AverageLegacy Reserves Operating LP 115.25$ 88.21$ 98.25$ 112.57$ 103.57$ Total 115.25$ 88.21$ 98.25$ 112.57$ 103.57$

Check Revenue Statement

Production Months

5


Check Statements

6

Tax id: On file

* * *Control no. ACHl174599

Check date: 96/14/17Control #: ACHl174599

Page: 1--------------------------------------------------------------------------------------------------------------------------------------------------PROPERT't# I PROPERT'tNAME I ST I COUNT't I OPERATOF NAME

1----------------------------------------------------------------------------------------------------------------------------------I I I I I I I I I OWNER I I OWNER I I I

BBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINT I GROSS ITAX I STATE IDEO I IMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTERE51 ITYpl VALUE ICODEI TAX I CODE IDEDUCTIONSI

OWNERNET

VALUE

I PSALE I RMO YRI 0----------------------------------------------------------------------------------------------------------------------------------------------------421794 HIGH A TX FREESTONE LEGAC~ RESERVES OPERATIN( LP94/17 G 3316.4e 2.80 9282.5E 448.45 1288.1€ 5659.5E 9.ee19495~ RI 18.91 SEV 9.87 PIN 2.59 19.97

~2. 2.21 1835.5€ REG 9.99 DEW 3.5657.7e TRN 9.11

94/17 G 22.16 2.84 62.83 9.91 159.ge -237.57 9.9919495~ RI 9.12 REG 9.00 PIN 9.29 -9.46~ 159.00 DEW 9.29

9.39 TRN 9.9994/17 G 3947.35 2.77 8427.2e 495.85 1183.62 5114.9~ 9.ee19495~ RI 16.35 SEV 9.79 PIN 2.39 9.92

I'\--S 2.93 1667.7~ REG 9.9a DEW 3.2453.92 TRN 9.19

94/17 G 3856.98 2.87 11985.78 549.23 1539.9~ 6891.4~ 9.9919495~ RI 21.51 SEV 1.95 PIN 2.99 13.19

1.\L\ 2.57 2134.4S REG 9.91 DEW 4.1467.11 TRN 9.13

94/17 G 2722.7~ 2.91 7923.77 387.32 1987.ge 4874.8~ 9.9919495~ RI 15.38 SEV 9.75 PIN 2.11 9.47~V 1.82 1525.3~ REG 9.00 DEW 2.96

47.37 TRN 9.9994/17 G 2871.35 2.86 8211.94 399.75 1146.42 5933.4~ 9.9919495~ RI 15.94 SEV 9.78 PIN 2.22 9.77

.4-'<;, 1.92 1580.4~ REG 9.9a DEW 3.9749.9E TRN 9.19

** Additional detail attached **

7

Tax id: On fileControl #: ACHl174599

Page: 2

1 P 15AlE 1 R 1MO YRI D 1

1 PROPERTY NAME 1 ST 1 COUNTY 1 OPERATOF NAME1----------------------------------------------------------------------------------------------------------------------------------

1 1 1 1 1 1 1 1 1 OWNER 1 1 OWNER 1 1 1 OWNERBBl/ 1 BTU/II GROSS 1 GROSS 1 GROSS 1 NET 1 DECIMAL 1INT 1 GROSS 1TAX 1 STATE 1 DED 1 1 NETMCF 1 GRAV 1 PRICE 1 VALUE 1 TAXES 1 DEDUCTS 1 VALUE 1 INTERESl ITYPI VALUE 1CODE 1 TAX 1 CODE 1DEDUCTIONS 1 VALUE

PROPERTY #

04/17 G 1586.25

AA04/17 G 97.01

~<'l04/17 G 2526.34

'iX\O04/17 G 3347.3E

~\\04/17 G 2528.62

~\)04/17 G 1312.3E

-11 ,\-\04/17 G 3776.47

~\1..04/17 G 3543.55

11-\5'

2.91

2.84

2.87

2.70

2.83

2.81

2.88

2.82

4613.05

275.28

7241.95

9052.6E

7146.75

3693.45

10874.14

10009.34

225.4E1.06

0.06

352.671.69

433.2E2.23

346.221.69

178.7€0.88

530.072.52

485.472.36

633.35887.9427.6€

150.0€150.0€

1.691008.671394.5E

43.9E1300.131794.9~

58.24982.13

1411.8544.0€

509.73730.2722.83

lS07.8€2094.81

65.711414.8€1930.32

61.6E

2837.6E 0.0019405~ RI 8.95 SEVREG

-26.47 0.0019405~ RI 0.53 REG

4440.3E 0.0019405~ RI 14.05 SEVREG

5463.81 0.0019405~ RI 17.57 SEVREG

4360.8E 0.0019405~ RI 13.87 SEVREG

2251.0E 0.0019405~ RI 7.17 SEVREG

6673.23 0.0019405~ RI 21.10 SEVREG

6114.73 0.0019405~ RI 19.42 SEVREG

0.44 PIN0.00 DEW

TRN0.00 PIN

DEWTRN

0.68 PIN0.00 DEW

TRN0.84 PIN0.00 DEW

TRN0.67 PIN0.00 DEW

TRN0.35 PIN0.00 DEW

TRN1.03 PIN0.00 DEW

TRN0.94 PIN0.00 DEW

TRN

1.231.720.050.290.290.001.962.710.092.523.480.111.912.740.090.991.420.042.934.070.132.753.750.12

5.51

-0.05

8.61

10.62

8.46

4.37

12.94

11.86

8


Page: 3--------------------------------------------------------------------------------------------------------------------------------------------------PROPERT'!# I PROPERT'INAME I ST I COUNT'! I OPERATOF NAME

1----------------------------------------------------------------------------------------------------------------------------- _I I I I I I I I I OWNER I I OWNER I I I OWNER

BBl/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE IDEO I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTERESl ITYpl VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE

I PSALE I RMO YRI 0----------------------------------------------------------------------------------------------------------------------------------------------------04/17 0 0.25 46.08 11.52 0.53 10.95 0.00194055 RI 0.02 SEV 0.00 0.0204/170 0.23 46.04 10.59 0.49 10.1e 0.00194055 RI 0.02 SEV 0.0e 0.0204/170 0.3e 46.07 13.82 0.64 13.1~ 0.00194055 RI 0.03 SEV 0.00 0.0304/17 0 0.22 46.05 10.13 0.47 9.66 0.00194055 RI 0.02 SEV 0.0e 0.0204/170 0.21 46.05 9.67 0.44 9.23 0.00194055 RI 0.02 SEV 0.0e 0.0204/170 0.02 46.0e 0.92 0.04 0.88 0.00194055 RI 0.0e SEV 0.0e 0.0004/17 0 0.11 46.09 5.07 0.23 4.84 0.00194055 RI 0.01 SEV 0.00 0.0104/17 0 0.19 46.05 8.75 0.40 8.35 0.00194055 RI 0.02 SEV 0.0e 0.0204/17 0 0.26 46.08 11.98 0.55 11.43 0.00194055 RI 0.02 SEV 0.0e 0.0204/170 0.29 46.07 13.36 0.61 12.75 0.00194055 RI 0.03 5EV 0.00 0.0304/170 0.2e 46.05 9.21 0.42 8.790.00194055 RI 0.02 SEV 0.0e 0.0204/170 0.11 46.09 5.07 0.23 4.84 0.00194055 RI 0.01 SEV 0.00 0.0104/170 0.26 46.08 11.98 0.55 11.43 0.00194055 RI 0.02 SEV 0.0e 0.02Total of this check 98022.91 4762.14 33791.2E 59469.4S 190.21 9.20 65.59 115.42Year to date 1371.3E 60.49 462.62 848.25

Tax and deductior codes:PIN PINN GATHERIN( FEE DEW DEW GATHERIN( FEE TRN TRANSPORTATIot COSTSSEV SEVERANCE TAX REG REGULATOR' FEE

06/14/17 ACHl174599

One hundred fifteen dollars and 42 cents

$****************115.42

Funds depositec 3business days after thedate of this document.

9

* *

Tax id: On file

Control no. ACHl190ee8Check date: 08/11/17

Control #: ACHl190008Page: 1

--------------------------------------------------------------------------------------------------------------------------------------------------I PROPERTY NAME I ST I COUNTY I OPERATO~ NAME1--------------------------------------------------------------------- _

I I I I I I I I I OWNER I I OWNER I I I OWNERBBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE IDEO I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITYPI VALUE ICODE I TAX I CODE IDEDUCTIONS I VALUE

PROPERT'I#

I PSALE I RMO YRI 0----------------------------------------------------------------------------------------------------------------------------- -----------------------421794 HIGH A TX FREESTONE LEGACY RESERVES OPERATIN( LP05/17 G 3336.71 2.34 7821.57 341.36 1281.8E 4330.05 0.00194055 RI 15.18 SEV 0.66 PIN 2.49 8.41-li--Z_ 2.24 1833.7E REG 0.00 DEW 3.56

32.26 TRN 0.0605/17 G 56.60 2.42 136.73 0.04 150.0e -163.8E 0.00194055 RI 0.27 REG 0.0e PIN 0.29 -0.31'"-I 150.00 DEW 0.29

0.55 TRN 0.0005/17 G 2942.35 2.33 6869.68 299.41 1130.3E 3798.4E 0.00194055 RI 13.33 SEV 0.58 PIN 2.19 7.37:ft;S 1.97 1611.0€ REG 0.00 DEW 3.13

28.44 TRN 0.0605/17 G 3908.83 2.42 9445.17 417.86 1558.6€ 5294.0€ 0.00194055 RI 18.33 SEV 0.81 PIN 3.02 10.28~L.\ 2.62 2134.3€ REG 0.01 DEW 4.1437.79 TRN 0.07

05/17 G 2838.54 2.47 7010.95 312.34 1131.84 3954.170.00194055 RI 13.61 SEV 0.61 PIN 2.20 7.68:J:I;~ 1.90 1583.2E REG 0.00 DEW 3.07

27.44 TRN 0.0505/17 G 3080.72 2.45 7558.29 336.05 1228.4€ 4255.2E 0.00194055 RI 14.67 SEV 0.65 PIN 2.38 8.27W3 2.07 1706.71 REG 0.00 DEW 3.3129.78 TRN 0.06


10

Tax id: On fileControl #: ACHl19ee08

Page: 2

PROPERT'v# I PROPERTY NAME I ST I COUNTY I OPERATO~ NAME1---------------------------------------------------------------------------------------------------------------------------- ------

I I I I I I I I I OWNER I I OWNER I I I OWNERBBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE I DED I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITYpl VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE

I P ISALE I R IMO YRI D I

05/17 G 1946.77 2.48 4834.62 215.76 776.25 2730.920.00194055 RI 9.38 SEV 0.42 PIN 1.51 5.29¥I"9 1.31 1091.5E REG 0.0e DEW 2.12

18.82 TRN 0.0405/17 G 3657.63 2.42 8853.43 391.87 1458.44 4964.540.00194055 RI 17.18SEV 0.76 PIN 2.83 9.64

~'6 2.45 2e00.77 REG 0.00 DEW 3.8835.36 TRN 0.e7

05/17 G 1410.69 2.44 3447.59 153.08 562.50 1938.65 0.00194055 RI 6.69 SEV 0.30 PIN 1.09 3.761\'.\0 0.95 778.73 REG 0.00 DEW 1.51

13.64 TRN 0.0305/17 G 1514.10 2.29 3473.97 150.48 581.68 1910.37 e.00194055 RI 6.74 SEV 0.29 PIN 1.13 3.71

fL-\ \ 1.02 815.78 REG 0.00 DEW 1.5814.64 TRN 0.03

05/17 G 2665.24 2.21 5884.58 251.38 1023.92 3196.1e 0.00194055 RI 11.42 SEV 0.49 PIN 1.99 6.20+\,~ 1.79 1385.63 REG 0.00 DEW 2.69

25.76 TRN 0.0505/17 G 1430.49 2.37 3394.45 148.76 549.56 1886.1e 0.00194055 RI 6.59 SEV 0.29 PIN 1.07 3.66

¢IL\ 0.96 795.24 REG a.00 DEW 1.5413.83 TRN 0.03

05/17 G 1704.17 2.46 4189.61 186.37 679.52 2359.8e 0.00194055 RI 8.13 SEV 0.36 PIN 1.32 4.58iP\'L 1-\1-- \\0\ - 33S~~ 1.14 946.31 REG 0.00 DEW 1.84

16.47 TRN 0.0305/17 G 3599.44 2.41 8674.29 383.38 1435.23 4857.72 0.00194055 RI 16.83 SEV 0.74 PIN 2.79 9.43- 2.41 1960.7E REG 0.00 DEW 3.80-#l~ 34.79 TRN 0.07

11


Page: 3-------------------------------------------------------------------------------------------------------------_--_------------ -----------------PROPERT'!# I PROPERTY NAME I ST I COUNT'! I OPERATO~ NAME

1---------------------------------------------------------------------------------------------------------------------------- ------I I I I I I I I I OWNER I I OWNER I I I OWNER

BBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE IDEO I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITVPI VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE

I P ISALE I R IMO VRI 0 I----------------------------------------------------------------------------------------------------------------------------- -----------------------05/17 0 0.46 44.48 20.46 0.94 19.520.00194055 RI 0.04 SEV 0.00 0.0405/17 0 0.44 44.50 19.58 0.90 18.68 0.00194055 RI 0.04 SEV 0.00 0.0405/17 0 0.55 44.49 24.47 1.13 23.34 0.00194055 RI 0.05 SEV 0.00 0.0505/17 0 0.41 44.49 18.24 0.84 17.400.00194055 RI 0.04 SEV 0.00 0.0405/17 0 0.41 44.49 18.24 0.84 17.400.00194055 RI 0.04 SEV 0.00 0.0405/17 0 0.50 44.48 22.24 1.02 21.22 0.00194055 RI 0.04 SEV 0.00 0.0405/17 0 0.27 44.48 12.01 0.55 11.46 0.00194055 RI 0.02 SEV 0.00 0.0205/17 0 0.20 44.50 8.90 0.41 8.49 0.00194055 RI 0.02 SEV 0.00 0.0205/17 0 0.21 44.48 9.34 0.43 8.91 0.00194055 RI 0.02 SEV 0.00 0.0205/17 0 0.24 44.50 10.68 0.49 10.190.00194055 RI 0.02 SEV 0.00 0.0205/17 0 0.37 44.49 16.46 0.76 15.700.00194055 RI 0.03 SEV 0.00 0.0305/17 0 0.21 44.48 9.34 0.43 8.91 0.00194055 RI 0.02 SEV 0.00 0.0205/17 0 0.50 44.48 22.24 1.02 21.220.00194055 RI 0.04 SEV 0.00 0.0406/17 G 3240.30 2.54 8226.68 376.87 1257.7S 4764.47 0.00194055 RI 15.96 SEV 0.73 PIN 2.44 9.24

#-L 1.\-1.- I\Q\- slSS 1, 2.17 1780.51 REG 0.00 DEW 3.4644.88 TRN 0.09

06/17 G 41.08 2.60 106.93 0.03 150.00 -193.67 0.00194055 RI 0.21 REG 0.00 PIN 0.29 -0.3741. - \\.41\ - ~)S\g~ *\ 150.00 DEW 0.29

0.57 TRN 0.0006/17 G 2750.46 2.53 6957.05 318.35 1067.64 4025.17 0.00194055 RI 13.50 SEV 0.62 PIN 2.07 7.82

~S 41..~ I\.\ <~IS ~\ 1.84 1505.95 REG 0.00 DEW 2.9238.10 TRN 0.07

06/17 G 3309.23 2.59 8568.84 395.84 1325.2€ 5000.95 0.00194055 RI 16.63 SEV 0.77 PIN 2.57 9.71

flL1, 1..-\1. 11.0\ - .3 \ S'b1 2.22 1798.75 REG 0.00 DEW 3.4945.84 TRN 0.09

12


Page: 4--------------------------------------------------------------------------------------------------------------------------------------------------PROPERTY # I PROPERTY NAME I ST I COUNTY I OPERATO~ NAME

1---------------------------------------------------------------------------------------------------------------------------- ------I I I I I I I I I OWNER I I OWNER I I I OWNER

BBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE I DED I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITYpl VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE

I P ISALE I R IMO YRI D I----------------------------------------------------------------------------------------------------------------------------- -----------------------06/17 G 2693.94 2.66 7153.86 332.88 1078.8e 4202.33 0.00194055 RI 13.88 5EV 0.65 PIN 2.09 8.16

~(o LfL- \\0\ - "3,\S~ 1.81 1500.72 REG 0.00 DEW 2.9137.32 TRN 0.07

06/17 G 2848.10 2.65 7541.29 350.73 1140.54 4427.940.00194055 RI 14.63 5EV 0.68 PIN 2.21 8.59t}~ \.j'1 _. ,'-'>, - ~I l,,\\ 1.91 1580.72 REG 0.00 DEW 3.07

39.45 TRN 0.0806/17 G 1938.14 2.67 5184.35 241.74 776.14 3051.130.00194055 RI 10.06 SEV 0.47 PIN 1.51 5.92

:tic! Lf'I__- 'LPI - ~'Io10 1.30 1087.1S REG 0.00 DEW 2.1126.85 TRN 0.05

06/17 G 4463.113 2.61 11628.34 538.09 1787.27 6796.8e 0.00194055 RI 22.57 SEV 1.04 PIN 3.47 13.19:'¢"~ loll.. - \~\ - 3.1\010 2.99 2441.37 REG 0.01 DEW 4.74

61.82 TRN 0.1206/17 G 1328.51 2.63 3496.62 162.31 532.01 2049.550.00194055 RI 6.79 SEV 0.31 PIN 1.03 3.99

:fho LI'L- 1\o\-3\\oq~ 0.89 733.46 REG 0.00 DEW 1.4218.40 TRN 0.04

06/17 G 1460.96 2.49 3631.32 165.24 567.10 2090.43 0.00194055 RI 7.05 SEV 0.32 PIN 1.10 4.06.a \ \ 1..11..._ II.D\ - ~ \llo'1 0.98 787.33 REG 0.00 DEW 1.5320.24 TRN 0.04

06/17 G 2625.57 2.39 6264.87 281.32 1019.1E 3564.01 0.00194055 RI 12.16 SEV 0.55 PIN 1.98 6.92

I:\:\~ -n. - \LPI .. ?,'2 ~ql 1.76 1362.25 REG 0.00 DEW 2.6436.37 TRN 0.07

06/17 G 1358.93 2.57 3492.37 160.57 527.49 2029.170.00194055 RI 6.78 SEV 0.31 PIN 1.02 3.94

1\-\1-\ 4'L-1\,\- ~1., 9\\ 0.91 755.41 REG 0.00 DEW 1.4718.82 TRN 0.04

13

Tax id: On fileControl #: ACHl19000S

Page: 5

I P ISALE I R IMOYRIDI

I PROPERTY NAME I ST I COUNTY I OPERATOR NAME1---------------------------------------------------------------------------------------------------------------------------- ------

I I I I I I I I I OWNER I I OWNER I I I OWNERBBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE I DED I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITYPI VALUE ICODE I TAX I CODE IDEDUCTIONSI VALUE

PROPERn #

06/17 G 2385.01 2.65 6321.98 294.0e 955.09 3711.720.00194055 RI 12.27 SEV 0.57 PIN

"*\'t- lrL-llPl - 3391i 1.60 1326.53 REG 0.00 DEW33.04 TRN

06/17 G 3359.43 2.59 8712.42 402.57 1345.3€ 5085.750.00194055 RI 16.91 SEV 0.78 PIN

~\S;- l.\1.- l(pl- s3~(p) 2.25 1830.02 REG 0.00 DEW46.53 TRN

06/17 0 0.01 41.0e 0.41 0.02 0.39 0.00194055 RI 0.00 SEV 0.0006/17 0 0.24 41.17 9.88 0.45 9.43 0.00194055 RI 0.02 5EV 0.0006/17 0 0.20 41.20 8.24 0.38 7.860.00194055 RI 0.02 SEV 0.0006/17 0 0.24 41.17 9.88 0.45 9.43 0.00194055 RI 0.02 SEV 0.0006/17 0 0.19 41.16 7.82 0.36 7.460.00194055 RI 0.02 SEV 0.0006/17 0 0.19 41.16 7.82 0.36 7.460.00194055 RI 0.02 SEV 0.0006/17 0 0.31 41.19 12.77 0.59 12.18 0.00194055 RI 0.02 SEV 0.0006/17 0 0.14 41.21 5.77 0.27 5.50 0.00194055 RI 0.01 SEV 0.0006/17 0 0.10 41.20 4.12 0.19 3.93 0.00194055 RI 0.01 SEV 0.0006/17 0 0.11 41.18 4.53 0.21 4.32 0.00194055 RI 0.01 SEV 0.0006/17 0 0.17 41.18 7.00 0.32 6.680.00194055 RI 0.01 SEV 0.0006/17 0 0.18 41.17 7.41 0.34 7.070.00194055 RI 0.01 SEV 0.0006/17 0 0.09 41.22 3.71 0.17 3.54 0.00194055 RI 0.01 SEV 0.0006/17 0 0.25 41.20 10.30 0.47 9.83 0.00194055 RI 0.02 SEV 0.00Total of this check 169193.71 7668.48 65309.5E 96215.67 328.37 14.78Year to date 1699.73 75.27

Tax and deductior codes:PIN PINN GATHERIN( FEE DEW DEW GATHERIN( FEE TRN TRANSPORTATIO~ COSTSSEV SEVERANCE TAX REG REGULATOR~ FEE

08/11/17 ACHl19eaa8

One hundred eighty-si~ dollars and 86 cents

$****************186.86

Funds deposited 3business days after thedate of this document.

1.85 7.222.570.062.61 9.883.550.09

126.73589.35

0.000.020.020.020.020.020.020.010.010.010.010.010.010.02

186.861035.11

14

ner number when writing * * *

Tax id: On file

Control no. ACHl197864Check date: 99/14/17

Control #: ACHl197864Page: 1

PROPERT"v# I PROPERT"vNAME I ST I COUNTY I OPERATO~ NAME1----------------------------------------------------------------------------------------------------------------------------------

I I I I I I I I I OWNER I I OWNER I I I OWNERBBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE IDEO I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITYPI VALUE ICODE I TAX I CODE IDEDUCTIONS I VALUE

I PSALE I RMO YRI 0

421794 HIGH A TX FREESTONE LEGACY RESERVES OPERATIN~ LP97/17 G 3398.66 2.78 9441.73 452.36 1356.91 5791.22 9.99194955 RI 18.32 SEV 9.88 PIN 2.63 11.97

2.28 1867.52 REG 9.99 DEW 3.6261.44 TRN 9.12

97/17 G 9.99 9.99 159.99 -399.ge 9.99194955 RI 9.99 PIN 9.29 -9.58159.99 DEW 9.29

97/17 G 2712.65 2.77 7598.93 359.43 1983.92 4539.3E 9.99194955 RI 14.57 SEV 9.79 PIN 2.19 8.791.82 1485.25 REG 9.99 DEW 2.88

49.03 TRN 9.1907/17 G 3943.61 2.75 19839.99 517.29 1574.4E 6521.639.99194955 RI 21.92 SEV 1.99 PIN 3.96 12.65

2.64 2143.57 REG 9.91 DEW 4.1671.29 TRN 9.14

97/17 G 2736.51 2.82 7797.36 370.56 1992.55 4668.5e 9.99194955 RI 14.96 SEV 9.72 PIN 2.12 9.961.84 1524.44 REG 9.90 DEW 2.96

49.47 TRN 9.1997/17 G 3925.84 2.81 8499.43 498.49 1298.0E 5146.7E 9.99194055 RI 16.49 SEV 9.79 PIN 2.34 9.99

2.93 1679.37 REG 9.99 DEW 3.2654.70 TRN 9.11


15


Page: 2

PROPERTY #--------------------------------------------------------------------------------------------------------------------------------------------------

I P ISALE I R IMO YRI 0 I

I PROPERTY NAME I ST I COUNTY I OPERATO~ NAME1----------------------------------------------------------------------------------------------------------- _

I I I I I I I I I OWNER I I OWNER I I I OWNERBBl/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE IDEO I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTEREST ITYPI VALUE ICODEI TAX I CODE IDEDUCTIONS I VALUE

97/17 G----------------------------------------------------------------------------------------------------------------------------------------------------

5.67

97/17 G

97/17 G

97/17 G

97/17 G

97/17 G

97/17 G

97/17 G

1698.48 2.84

3962.49 2.76

1779.13 2.79

1926.76 2.72

2774.53 2.62

1424.53 2.81

3441.19 2.81

3164.87 2.75

4818.77

19949.26

4968.93

2794.93

7257.95

4994.18

9673.78

8794.26

232.131.14

523.732.66

238.351.19

133.199.69

341.861.86

192.439.96

464.842.31

415.772.12

678.11952.7539.79

1582.922167.53

71.63719.31982.4832.16

499.93553.3318.56

1197.731439.53

59.15568.74791.8825.75

1373.851913.93

62.291263.571724.94

57.21

2923.949.99194955 RI 9.35 SEVREG

6691.65 9.99194955 RI 21.25 SEVREG

3993.54 9.99194955 RI 9.64 SEVREG

1678.42 9.99194955 RI 5.42 SEVREG

4315.92 9.99194955 RI 14.98 SEVREG

2424.42 9.99194955 RI 7.77 SEVREG

5856.65 9.99194955 RI 18.77 SEVREG

5241.55 9.99194955 RI 16.89 SEVREG

9.45 PIN9.00 DEW

TRN1.92 PIN9.91 DEW

TRN9.46 PIN9.00 DEW

TRN9.26 PIN9.99 DEW

TRN9.66 PIN9.99 DEW

TRN9.37 PIN9.99 DEW

TRN9.ge PIN9.00 DEW

TRN9.81 PIN9.00 DEW

TRN

1.321.859.963.974.219.141.381.919.969.Be1.970.042.152.790.101.101.540.052.673.719.122.453.350.11

12.89

5.83

3.25

8.38

4.71

11.37

10.17

16


Page: 3--------------------------------------------------------------------------------------------------------------------------------------------------PROPERT'1# I PROPERTY NAME I ST I COUNTY I OPERATOR NAME

1----------------------------------------------------------------------------------------------------------------------------------I I I I I I I I I OWNER I I OWNER I I I OWNER

BBL/ I BTU/ I I GROSS I GROSS I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE IDEO I I NETMCF I GRAV I PRICEI VALUE I TAXES I DEDUCTS I VALUE I INTERESl ITYpl VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE

I PSALE I RMO YRI 0----------------------------------------------------------------------------------------------------------------------------------------------------07/17 0 0.23 42.74 9.83 0.45 9.380.00194055 RI 0.02 5EV 0.00 0.0207/17 0 0.20 42.75 8.55 0.39 8.160.00194055 RI 0.02 SEV 0.00 0.0207/17 0 0.27 42.74 11.54 0.53 11.010.00194055 RI 0.02 SEV 0.00 0.0207/17 0 0.18 42.72 7.69 0.35 7.340.00194055 RI 0.01 SEV 0.00 0.0107/17 0 0.19 42.74 8.12 0.37 7.750.00194055 RI 0.02 SEV 0.00 0.0207/17 0 0.27 42.74 11.54 0.53 11.01 0.00194055 RI 0.02 SEV 0.00 0.0207/17 0 0.12 42.75 5.13 9.24 4.899.00194055 RI 0.01 SEV 0.00 0.0107/17 0 0.12 42.75 5.13 9.24 4.89 0.00194055 RI 0.01 SEV 0.00 0.0107/17 0 0.07 42.71 2.99 0.14 2.850.00194055 RI 0.01 SEV 0.00 9.0107/17 0 0.23 42.74 9.83 9.45 9.38 0.00194055 RI 0.02 SEV 0.00 0.0207/17 0 0.19 42.74 8.12 0.37 7.750.00194055 RI 0.02 SEV 0.00 0.0207/17 0 0.10 42.70 4.27 9.20 4.07 0.00194055 RI 9.91 SEV 0.00 9.9107/17 0 0.21 42.76 8.98 9.41 8.579.00194055 RI 0.02 SEV 0.00 0.02Total of this check 97259.43 4678.55 34169.15 58411.65 188.74 9.04 66.33 113.37Year to date 1888.47 84.31 655.68 1148.48

Tax and deductior codes:PIN PINN GATHERIN( FEE DEW DEW GATHERIN( FEE TRN TRANSPORTATIm COSTSSEV SEVERANCE TAX REG REGULATOR'tFEE

09/14/17 ACHl197864

One hundred thirteen dollars and 37 cents

$****************113.37

Funds deposited 3business days after thedate of this document.

17


Maps

18

Summary page selections(Monthly Production)

Liquid (bbls): Current Cum: 15,935 Total: 15,935Gas (MCF): Current Cum: 29,909,403 Total: 29,909,403

Liquid (bbls) Gas (MCF) Wells

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© 2017 Drillinginfo

22


Source Assignments

23

OIL. GAS. MINERAL AND ROYALTY CONVEYANCEoR

01703513

For valuable consideration, the receipt of which is acknowledged, whoseaddress is (hereinafter referred to as "Grantor"), doeshereby bargain, sell, transfer, assign, and convey 100.0000% of Grantor's interests in all oil, gas,mineral, royalty, overriding royalty, net profits, and other similar interests in the lands ofFreestone County, TX as described in Exhibit "A" unto the following Grantee(s), its/theirsuccessors and assigns:

o1

7

Oak Tree Minerals, LLC260 I Network Blvd. Suite 404Frisco, TX 75034

2

This conveyance is effective as of October 1, 2017 and includes all executive rights, bonuses,and delay rentals applicable to Grantor's interest conveyed herein.Grantor agrees to pay any ad valorem taxes due on the interests herein conveyed prior toeffective date. All ad valorem taxes attributable to the interests herein conveyed for after theeffective date are the responsibility of Grantee(s), its/their successors or assigns.Grantor warrants and agrees to defend the title to the interest herein conveyed against the lawfulclaims and demands of all parties claiming or to claim the same, or any part thereof, by, throughor under Grantor, but not otherwise.

oo3

State of =re tCtSCounty of Da llC~S

§

§§

This instrument was acknowledged before me on this llth day of OC+ ' 20 IJ 'by: I l~eO~inglg__

Notary Signature: U ~aNotary Name: \NC!\ ltlA \it":r nQ oc1rzMy Commission Expires: C(p- ?;J.}-1 01.. ,

Return To:OAK TREE MINERALS, LLC.260 I Network Boulevard, Suite 404Frisco, TX 75031

•

Page I of 2 24

01703513

oR

It is the Grantor's absolute intent to convey 100.0000% percent of the overriding royalty interests,non-producing royalty interests, term royalty and mineral interests, fee mineral interests, and oil, gas, orother mineral royalty interests in the lands of Freestone County, TX, whether properly described below ornot.

o1

7

Legal DescriptionTRACT I: ISO acres, more or less, out of the H. C. COOK SURVEY, A-II8, Freestone County, Texas, being the sameland described in a Deed dated June 2,1972 from Oscar Smith Johnson et UX, to Grady Hill et ux and recorded inVolume 428, Page 268 ofthe Deed Records of Freestone County, Texas.

EXHIBIT "A" 2

8

oTRACT 2: 26 acres, more or less, out of the H. C. COOK SURVEY, A-II8, Freestone County, Texas, being the sameland described as Tract 2 in a Mineral Deed Dated July 16, 1979 from W. R. Marshall to Gayle D. Fogelson andrecorded in Volume 534, Page 834 of the Deed Records of Freestone County, Texas.

o3

TRACT 3: 30 acres, more or less, out of the H. C. COOK SURVEY, A-II8, Freestone County, Texas, being the sameland described in a Deed dated April 25, 1974 from Oscar Johnson et ux to Kenneth Cockerham and recorded inVolume 435, Page 333 of the Deed Records of Freestone County, Texas.

8

9

TRACT 4: 27.71 acres, more or less, out of the H. C. COOK SURVEY, A-II8, Freestone County, Texas, being thesame land described in a Deed dated February 28, 1974 from Oscar Johnson et ux to the Veterans Land Board of Texasand recorded in Volume 432, Page 189 of the Deed Records of Freestone County, Texas.

TRACT 5: 90 acres, more or less, out of the J. R. JENNINGS SURVEY, A-343, Freestone County, Texas, being thesame land described in a Deed dated April 12, 1973 from Oscar Smith Johnson et ux to Lester G. Hall et ux andrecorded in Volume 423, Page 803 of the Deed Records of Freestone County, Texas.

TRACT 6: 75 acres, more or less, out of the J. R. JENNINGS SURVEY, A-343, Freestone County, Texas, being thesame land described in a Deed dated June 2, 1972 from Oscar Smith Johnson to Clarence Hill et ux and recorded inVolume 416, Page 637 of the Deed Records of Freestone County, Texas.

END OF EXHIBIT "A"

FILED FOR RECORD INFreestone Count~Linda JarvisCOUNTY CLERK

ON: Oct 17,2017 AT 10:35Aas RecordinssOo.:uaentNUMber: 01703513Total Fees 30.00

Receipt HUMber - 1\3929B~, Alicia Dossett, Oeput~

•

Page 2 of 2 25

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