PARTIAL RELEASE, RECONVEYANCE AND TERMINATION AGREEMENTReconveyance and Termination Agreement • August 9th, 2023 • Permianville Royalty Trust • Crude petroleum & natural gas • New Mexico
This Partial Release, Reconveyance and Termination Agreement (this “Agreement”) is dated as of August 9, 2023, by and between The Bank of New York Mellon Trust Company, N.A., a national association organized under the laws of the State of New York (referred to herein as “BONYM” and the “Trustee”), acting not in its individual capacity but solely as the trustee of Permianville Royalty Trust (previously known as Enduro Royalty Trust), a Delaware statutory trust created under the Delaware Statutory Trust Act (the “Trust”), and COERT Holdings 1 LLC, a Delaware limited liability company (successor in interest to Enduro Operating LLC, a Delaware limited liability company) (“COERT”). Each of the Trustee and COERT is a “Party” and collectively they are the “Parties”. Capitalized terms used herein but not otherwise defined have the meanings given them in the Conveyance (as defined below).
