Fill and Sign the Delay Rental Payment Agreement for Multiple Owners Form

www.royaltydeed.net Agent Designations and Powers of Attorney / Delay Rental Payment Agreement (Multiple Owners Directing Payment of Rentals Provided for in a Lease to an Agent) DELAY RENTAL PAYMENT AGREEMENT (Multiple Owners Directing Payment of Rentals Provided for in a Lease to an Agent) State: County: Owners: (Names and Addresses) Agent: (Name and Address) Effective Date: Each of the Owners, named above, are lessors in a _(Oil, Gas, and Mineral Lease/Coalbed Methane Gas Lease) (the “Lease”), dated ___, recorded in Book ___, page ___, of the ___ Records of ___ County, ___, to ___, as Lessee.Paragraph ___ of the Lease allows the Lessee to maintain the Lease in force a nd effect by the payment of delay rentals. These payments are to be made directly to the owners, as lessor in the Lease, or to the depository designated in the Lease. Owners, as lessor, desire to a mend the Lease to provide that all delay rentals which may be paid by the Lessee under the terms of the Lease, to the Owner’s signing this Agreement, are to be paid to Agent, named above. Each of the Owners acknowledge and agree that all payments of delay rentals made to Agent, in the manner provided for in the Lease, shall be deemed to have been made to Owners and serve to satisfy Lessee’s obligations to make delay rental payments to perpetuate the Lease. This Agreement for Agent to receive delay rental payments due Owners shall remain i n effect and binding on Owners until ___ days after Owners and/or their successor or assigns have provided Lessee, or its successors or assigns, written notice that Agent is to no longer recei ve delay rental payments for Owners, and provide Lessee written instructions as to the manner in which any future delay rental payments, due Owners, are to be paid. This Agreement may be signed by Owners in multiple counterparts and shall be binding on each signing Owner regardless of whether all identified Owners sign it or a counterpart of t his Agreement. The Owners are signing this Agreement as of the date of acknowledgment of their respective signatures, but it shall be deemed effective as to each Owner that si gns the Agreement, or a counterpart, as of the Effective Date stated above. Owner Owner Owner Owner [acknowledgments]