- 16 -
this restriction shall not be construed as
prohibiting any party from reflecting the
payments made herein in financial statements
or in regulatory filings by Buyer.
10.
It is the intent of the parties to include
all gas sales and purchase agreements between
Buyer and Seller within the definition of "Con-
tract," whether or not specifically identified
on Exhibit A. To the extent the same may be
hereafter required, the parties agree to execute
further instruments to evidence this intent.
11.
This Settlement Agreement shall be binding
upon and inure to the benefit of the parties
hereto, their respective successors and assigns.
IN WITNESS WHEREOF, the parties have
executed this Settlement Agreement, in duplicate
originals, as of the day and year first
hereinabove written.
Pursuant to paragraph 1 of the Settlement Agreement
quoted above, Arkla and Malibu also entered into the Gas
Purchase Contract Amendment (contract amendment) attached
thereto as an exhibit. The purpose and effect of the
contract amendment was to change the mechanism for
determining the price of gas purchased by Arkla under the
Contract, effective May 1, 1988.
Pursuant to paragraph 2(d) of the Settlement
Agreement, quoted above, Malibu executed an Assignment of
Limited Term Overriding Royalty (Production Payment),
granting Arkla the following interest in the subject wells:
Page: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 NextLast modified: May 25, 2011