0001558370-18-001804 Sample Contracts

AMENDMENT NO. 1 TO THE
Management Services Agreement • March 9th, 2018 • Kimbell Royalty Partners, LP • Crude petroleum & natural gas

THIS AMENDMENT NO. 1 TO THE MANAGEMENT SERVICES AGREEMENT (this “Amendment”) is executed on March 7, 2018, but made effective as of January 1, 2018 (the “Effective Date”) by and between Steward Royalties, LLC, a Texas limited liability company (the “Manager”), and Kimbell Operating Company, LLC, a Delaware limited liability company (“Kimbell Operating”). The Manager and Kimbell Operating are sometimes referred to in this Amendment each as a “Party” and collectively as the “Parties.”

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AMENDMENT NO. 1 TO THE
Management Services Agreement • March 9th, 2018 • Kimbell Royalty Partners, LP • Crude petroleum & natural gas

THIS AMENDMENT NO. 1 TO THE MANAGEMENT SERVICES AGREEMENT (this “Amendment”) is executed on March 7, 2018, but made effective as of January 1, 2018 (the “Effective Date”) by and between K3 Royalties, LLC, a Texas limited liability company (the “Manager”), and Kimbell Operating Company, LLC, a Delaware limited liability company (“Kimbell Operating”). The Manager and Kimbell Operating are sometimes referred to in this Amendment each as a “Party” and collectively as the “Parties.”

RESTRICTED UNIT AGREEMENT
Restricted Unit Agreement • March 9th, 2018 • Kimbell Royalty Partners, LP • Crude petroleum & natural gas • Delaware

This Restricted Unit Agreement (“Agreement”) between Kimbell Royalty GP, LLC (the “Company”) and _______ (the “Participant”), regarding an award (“Award”) of __________ Restricted Units (as defined in the Kimbell Royalty GP, LLC 2017 Long-Term Incentive Plan (the “Plan”)) granted to the Participant on January 29, 2018 (the “Grant Date”), such number of Restricted Units subject to adjustment as provided in the Plan, and further subject to the following terms and conditions:

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