COMMON STOCK PURCHASE WARRANTCommon Stock Purchase Warrant • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • Delaware
THIS CERTIFIES THAT, for value received, [________] or its assigns (the “Holder”) is entitled to purchase, and Royale Energy, Inc., a Delaware corporation (the “Company”), promises and agrees to sell and issue to the Holder, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the “Issue Date” listed above, and on or prior to the close of business on the five (5) year anniversary of the Issue Date (the “Termination Date”) but not thereafter,up to 4,000,000 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock, par value $0.001 per share (the “Common Stock”), of the Company, at the “Exercise Price.” The initial Exercise Price of one share of Common Stock under this Warrant shall be $0.01, subject to adjustment as provided herein.
LIMITED LIABILITY COMPANY AGREEMENT OF RMX RESOURCES, LLC (A Texas limited liability company) Dated as of April 3, 2018Limited Liability Company Agreement • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • Texas
This AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF RMX RESOURCES, LLC, dated as of April 3, 2018 (this “Agreement”), is entered into by and among (i) the Persons (as hereinafter defined) identified on Exhibit A, as Members (as hereinafter defined) of RMX Resources, LLC, a Texas limited liability company (the “Company”), (ii) Marshall Payne, Chris Cowan, Bayard Friedman, Jonathan Gregory and Johnny Jordan, each individually, as the Managers (as hereinafter defined) constituting the members of the Board (as hereinafter defined) of the Company, and (iii) the Company.
PURCHASE AND SALE AGREEMENT SUNNY FROG OIL LLCPurchase and Sale Agreement • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • California
This Purchase and Sale Agreement (this “Agreement”) is made and entered into effective as of November 27, 2017 (the “Effective Date”), by and between SUNNY FROG OIL LLC, a Delaware limited liability company (“Seller”) and ROYALE ENERGY, INC., a California corporation (“Buyer”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • Texas
This Registration Rights Agreement (the “Agreement”) is dated as of April __, 2018 (the “Agreement Date”) and is entered into by and among Royale Energy, Inc., a Delaware corporation (the “Company”), and the Investors (defined below). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in that certain Limited Liability Company Agreement of RMX Resources, LLC, a Texas limited liability company, dated on or about the date hereof (the “Company Agreement”).
EMPLOYMENT AGREEMENTEmployment Agreement • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • California
This Employment Agreement (the “Agreement”) is made and entered into as of April 3, 2018, by and between Jonathan Gregory (the “Executive”) and Royale Energy, Inc. (formerly known as Royale Energy Holdings, Inc.), a Delaware corporation (“Royale” or the “Company”).
ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • California
This Assignment and Assumption Agreement (this “Agreement”) is made and entered into effective as of March [29], 2018 (the “Effective Date”), by and between RMX RESOURCES, LLC, a Texas limited liability company (“RMX”), and ROYALE ENERGY, FUNDS, INC., a California corporation (“Royale”). All capitalized terms used in this Agreement but not defined herein shall have the respective meanings set forth in the Purchase Agreement (as defined below). “Party” means either RMX or Royale, as the case may be, and “Parties” means both of them.
MASTER SERVICES AGREEMENTMaster Services Agreement • April 10th, 2018 • Royale Energy, Inc. • Crude petroleum & natural gas • Texas
This MASTER SERVICES AGREEMENT (this “Agreement”) is made and entered into as of April __, 2018 by and between RMX RESOURCES, LLC, a Texas limited liability company (the “Company”), and ROYALE ENERGY, INC., a Delaware corporation (“Royale”).
