Fill and Sign the Sample Document Not for Duplication Arkansas Oil and Form

CHANGE OF DEPOSITORY STATE:COUNTY: _____, referred to as “Lessee,” whose address is _____, is the present owner of all rights, title, and interests under that certain Oil and Gas Lease (the “Lease”), dated _____, executed by _____, as Lessor, recorded in Book/Volume _____, at Page ______, _____ Records of _____ County, _____, covering land situated in that County and State, more particularly described in the Lease. Reference is made to the Lease, as recorded, for a description of the land it covers, and for all other purposes.The undersigned, whether one or more, is the owner of the right to receive all or a part of the delay rentals, shut-in royalty, or other payments which may be paid under the terms of the Lease.The undersigned desires to designate a new depository bank in lieu of that named in the Lease, which bank and its successors shall act as the agent of the undersigned.As provided for in the Lease, the undersigned designates the _____ Bank, at _____ as the depository bank to receive and receipt all payments to which the undersigned may be entitled under the terms of the Lease. Lessee, its successors or assigns, is expressly authorized and empowered to deposit any payments due the Lessor under the terms of the Lease, to the undersigned’s credit in that Bank, all to the same extent and purpose as if this Bank had been originally named in the Lease as the depository bank for the undersigned. Except for the change of the depository bank, to the extent of the undersigned’s interest, all the other terms and provisions of the Lease shall remain in full force and effect.The terms and provisions of this Change of Depository shall be binding on the heirs, successors, legal representatives, and assigns of the undersigned.This Change of Depository is executed as of the date of the acknowledgment below, but is effective as of _____. LESSOR (Acknowledgment)