Fill and Sign the What a Grantee is in Real Estate the Balance Form

TERM ROYALTY DEED State: County: Grantor: (Name and Address) Grantee: (Name and Address) Effective Date: For adequate consideration, Grantor, named above, grants, sells and conveys, subject to the further terms of this Deed, to Grantee, named above, an undivided (Percent or Fraction) of royalty in and under the following lands (the "Lands") located in the county and state name d above: (Description of Lands Covered by the Deed) This Deed is executed and delivered by Grantor to Grantee, subject to any valid and existing oil and gas lease which may cover the Lands or any part of the Lands. Grante e shall be entitled to the undivided interest in royalty conveyed by this Deed in any oil and/or gas that may be produced from all or any part of the Lands under the terms of such lease. This Deed is for a term of ____ years. If, upon the expiration of this term, there is a val id and existing oil and gas lease on the Lands from which oil and/or gas is being produced in paying quantities, the royalty interest conveyed by this Deed shall not be divested out of Grantee and this Deed shall not terminate on the date specified above, but shall continue i n force for so long as oil and/or gas is being produced, in paying quantities, under the terms of that oil and gas lease. This Deed is delivered by Grantor to Grantee without warranty of title, express or implied. Grantee does not obtain, in accepting this Deed, any right to execute oil and gas leases or to receive any bonus or delay rentals which may be paid to Grantor in consideration for entering into an oil and/or gas lease covering all or any part of the Lands that are the subject of this Deed. This Deed is executed by Grantor as of the date of the acknowledgment of Grantor's signature below, but is effective as of the Effective Date stated above. Grantor