0001193125-15-126471 Sample Contracts

SEVERANCE AGREEMENT
Severance Agreement • April 13th, 2015 • Black Stone Minerals, L.P. • Crude petroleum & natural gas • Texas

This Severance Agreement (this “Agreement”) is made by and between Black Stone Natural Resources Management Company, a Delaware corporation (the “Company”), and Thomas L. Carter, Jr. (“Executive”), effective as of , 2015 (the “Effective Date”). The Company and Executive are referred to individually herein as a “Party” and collectively as the “Parties.”

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