HomeMy WebLinkAboutRES 24-206RESOLUTION NO.24-206
BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
WHEREAS the City entered into a Sequestration Fee Agreement ("Agreement") with
Caliche Development Partners lI, LLC on May 10, 2023; and,
WHEREAS, Section I of the Agreement states that Caliche Development Partners II,
LLC may not assign interest in the Agreement without prior written consent of the City; and,
WHEREAS, Caliche Development Partners 11, LLC is planning an equity recapitalization
transaction to provide additional funding for the project development ("Recapitalization"); and,
WHEREAS, with the closing of the Recapitalization, there will be a transfer of a
controlling ownership interest of the company, and the direct equity ownership of the company
will transfer from Caliche Development Partners II, LLC to Caliche Development Partners 111,
LLC;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby, in
all things, approved and adopted; and,
THAT the City Manager be and he is hereby authorized to approve the request from
Caliche Development Partners II, LLC to transfer controlling ownership in the company to
Caliche Development Partners 111, LLC for an equity recapitalization transaction to provide
additional funding for the project development.
The meeting at which this resolution was approved was in all things conducted in strict
compliance with the Texas Open Meetings Act, Texas Goveriurient Code, Chapter 551.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 3rd day of
September, 2024.
CONFIDENTIAL SEQUESTRATION FEE AGREEMENT
This Confidential Sequestration Fee Agreement (the "Fee Agreement"), effective as of
the effective date of the Chapter 380 Agreement defined below (the "Effective Date"), is entered
into by and between:
(t) City of BeaWnont, Texas ("Grantor"), a municipal entity of the State of Texas
whose address is d0l Aq,4 and
(2) CDP II CO2 Sequestration, LLC ("Grantee"), a Delaware limited liability
company, whose address is 919 Nlilarn Street, Suite 2425, Houston, Texas 77002;
who declares as follows:
In this Fee Agreement, Grantor and Grantee may be referred to collectively as the
"Parties" and individually as a "Party."
RECITALS:
WHEREAS, the Parties have executed contemporaneously herewith a certain Chapter 380
Economic Development Agreement And Underground Storage Agreement Between The City of
Beaumont and Caliche CO2 Sequestration LLC (the "Chapter 380 Agreement"), and all
capitalized terms not defined herein shall have the meanings given them in the Chapter 380
Agreement;
WHEREAS, the Chapter 380 Agreement contemplates the granting of a lease under, on,
and through the Grantor's property described more fully in the Chapter 380 Agreement
(the "Land") for the following purposes and uses, subject in each case to the terms, conditions,
and limitations set forth in this Chapter 380 Agreement: (i) to inject, sequester, and store carbon
oxide and carbon dioxide, together with liquids, gases, other vaporous, gaseous, solid or
liquid substances, associated with, contained in, or incidental to the storage and injection of
carbon oxide and carbon dioxide, and all constituent and associated products, including
without limitation the Carbon Oxides Stream (defined below) (collectively, "Permitted
Substances") within the geographic and stratigraphic boundaries of the subsurface pore space(s)
and related confining area(s) under the Land to be used by Grantee for Sequestration
(collectively, the "Geologic Storage Complex") shall initially be defined by reference to the
Covered Depths (as defined in Section Rb. of the Chapter 380 Agreement), and to maintain,
preserve and .protect the integrity of said Geologic Storage Complex (collectively,
"Sequestration"); (ii) to access, drill, investigate, survey (whether geophysically or otherwise),
locate, construct, maintain, inspect, test, repair, alter, change, remove, abandon -in -place, replace,
enlarge, expand, dispose of and operate all appurtenances and facilities, buildings and
improvements reasonably useful or necessary to Sequestration, whether above or below the surface
of the Land, including without limitation injection, test and monitor wells, well pads, downhole
equipment, utility and communication lines, monitoring equipment, pipelines, valves, cathodic
protection, conduits, pumping and compression equipment, metering equipment and other related
structures, roads and bridges, and fences, bollards, and similar barriers to protect or enclose any of
the foregoing, and any other appurtenances that may be necessary or desirable in connection with
the operation, maintenance, and protection of Grantee's equipment and related facilities
(collectively, the "Facilities") in such location(s) under, on, and through the Land as Grantee may
determine from time to time (the "Surface Locations");
WHEREAS, the Chapter 390 Agreement contemplates Sequestration of Permitted
Substances, other Intended Use (as defined below) and the drilling, construction, operation and
maintenance, amongst other things, of certain Facilities (collectively, the "Project") on Land
and/or Surface Locations owned or controlled by Grantor in Jefferson County, Texas;
WHEREAS, Grantee and Grantor agreed that, as consideration for the Chapter 380
Agreement and the rights granted Grantee thereunder, Grantee shall pay Grantor certain fees for
the Sequestration and other activities related to the Project and reimburse Grantor for certain
surface damages in accordance with the Chapter 380 Agreement; and
WHEREAS, the Parties desire to further define the terms and conditions governing the
payment of such fees and damages related to the Project.
NOW, THEREFORE, the Parties agree to the following;
1. Concurrent Chapter 380 Agreement. Grantor and Grantee acknowledge that this
Fee Agreement is executed contemporaneously with the Chapter 380 Agreement, which sets forth
all of the terms and conditions of Grantee's use of the Land for its Sequestration operations, other
Intended Use (as defined below) and other activities related to the Project, except for the fees and
compensation payable by Grantee for and in connection therewith (including damages caused by
Grantee in connection with the construction of Grantee's Facilities and Sequestration operations)
and related matters covered by this Fee Agreement. Except for provisions that expressly survive
the termination of this Fee Agreement or the Chapter 380 Agreement, as applicable, or as otherwise
expressly provided herein or therein, the Chapter 380 Agreement and this Fee Agreement shall run
concurrently and this Fee Agreement shall terminate upon any termination of the Chapter 380
Agreement, and neither Grantor nor Grantee shall have any further rights or obligations hereunder
or thereunder upon any such termination.
2. Intended Use. The Chapter 380 Agreement contemplates the Grantee's use of the
Land for its Sequestration operations, including construction and maintenance of Facilities, and all
other purposes and uses expressly set forth in the Chapter 380 Agreement (the "Intended Use").
Grantee shall conduct all operations in or under the Land as a reasonably prudent operator. For all
purposes of this Fee Agreement and the Chapter 380 Agreement, the Intended Use shall expressly,
but without limitation, include the Sequestration of carbon oxide and carbon dioxide that has been
captured from an emission source (e.g., a power plant or industrial plants), plus incidental
associated substances derived from the source materials and the capture process, and any
substances added to the stream to enable or improve the injection process, as such terms are defined
at 40 C.F.R. §§ 146.81(d), 260.10, and/or otherwise further described in the preamble at 79 Fed.
Reg. 350 (Jan, 3, 2014) (the "Carbon Oxides Stream").
3. Establishment of Sequestration Zone. The Parties agree that Grantee may, in its
sole discretion, contribute, combine or pool any and all of the Geologic Storage Complex beneath
the Land to or with subsurface pore space(s) beneath other lands (whether owned by Grantor or by
third parties) to create a larger subsurface Sequestration area which Grantee may utilize in
connection with its Sequestration operations, including; the Project (such larger area, a
"Sequestration Zone"), Grantee shall deliver written notice to Grantor that the Land is included
in a Sequestration Zone within thirty (30) days of the establishment of said Sequestration Zone,
and Grantee shall execute and record in the conveyance records of the County(ies) in which such
Sequestration Zone is situated an instrument identifying and describing the covered lands. In
creating or establishing any Sequestration Zone, Grantee shall proceed at all times in accordance
with any applicable rules and/or regulations of the Railroad Commission of Texas, Texas
Commission on Environmental Quality, the Environmental Protection Agency, Internal Revenue
Service or other applicable governmental authority,
4. Construction Costs. Grantee shall pay all Construction Costs in connection with
the survey, design, engineering, drilling, construction, installation, inspection, and testing of the
Facilities. As used in this Fee Agreement, "Construction Costs" means any and all actual out-of-
pocket costs and expenses for the Facilities, including; (a) actual costs of materials used, including
fabrication charges, freight, and taxes; (b) costs of any and all survey, design, engineering, drilling,
construction, installation, inspection, and testing performed by third parties or by employees of
Grantees and/or its affiliates; (e) costs for obtaining any permits, licenses, rights -of -way, and
casements; and (d) expenses, including salaries, payroll taxes, benefits, overhead and
transportation, meals, and lodging, incurred by third parties or by employees of Grantee and/or its
affiliates in performing all or any portion of the survey, design, engineering, drilling, construction,
installation, inspection, and testing of the Facilities. Customer agrees that any or all of the work
may be performed by qualified employees of Grantee and/or its affiliates and their respective
independent contractors.
5. Initial Payment for Exclusive Right to Sequestration. Upon the Effective Date,
Grantee shall have, for a period of twenty (24) months from the Effective Date, the sole and
exclusive right to perform activities in connection with the Project on the Land and/or Surface
Locations, as defined in the Chapter 380 Agreement (the "Exclusivity Period") (which period
shall be extended on a day for day basis in the event (i) the pendency of an application for an
Applicable Permit, as defined in Section flta, of the Chapter 380 Agreement, exceeds the
Exclusivity Period, or (ii) the failure to commence the Intended Use within the Exclusivity Period
is caused by the Grantor or a Force Majeure event, as defined in Section 13 Herein), In the event
that Grantee has not commenced with the Intended Use, as defined in the Chapter 380 Agreement,
prior to the expiration of the Exclusivity Period, as may be extended per the terms of this Section,
Grantee shall have the option to subinit a one-time payment in the amount of one hundred thousand
and No/100 Dollars ($100,000.00) to extend the Exclusivity Period by an additional twenty-four
(24) months.
Without limiting the foregoing and notwithstanding anything in the Chapter 380
Agreement to the contrary, the Parties agree that, upon the expiration of the Exclusivity Period,
any portion of the Land which is not included within the geographical confines or surface area of
a Geologic Storage Complex and/or Sequestration Zone, together with an additional one thousand
foot (1,000') buffer area lying outside of and surrounding the geographical confides or surface area
of any such Geologic Storage Complex and/or Sequestration. Zone, shall be released from and no
longer subject to the Chapter 380 Agreement or this Fee Agreement. For the avoidance of doubt,
the Parties agree that, with respect to any portion of the Land included within the geographical
confines or surface area of a Geologic Storage Complex and/or Sequestration Zone, plus a one
thousand foot (1,000') buffer area around such Geologic Storage Complex and/or Sequestration
Zone, the Chapter 380 Agreement and this Fee Agreement shall continue in force and effect
pursuant to the terms of the Chapter 380 Agreement, including for all periods both before and after
the foregoing Exclusivity Period,
6. Payment upon Commencement of Drilling Operations for Individual Surface
Location(s). Upon the commencement by Grantee of drilling operations for individual Surface
Locations, and the installation of associated Facilities, Grantee shall submit a one-time payment
to Grantor in the amount equal to one hundred thousand and No/100 Dollars ($100,000,00) per
injection well as additional compensation under this Fee Agreement (the "Drilling Payment").
7. Payment for Surface Damages. The Parties have mutually agreed that the
submission of any Drilling Payment paid by Grantee under this Fee Agreement includes adequate
consideration for damages to and the repair of the Land, Surface Locations, revegetation, roads,
and fences to the extent solely and directly caused by or resulting from the survey, drilling,
construction, and installation of any Facilities, use of the Geologic Storage Complex, or Grantee's
Sequestration operations or exercise of other rights granted under the Chapter 380 Agreement by
Grantee, Notwithstanding anything contained in the Chapter 380 Agreement or this Fee Agreement
to the contrary, in no event and under no circumstances shall Grantee be responsible for any
indirect, incidental, punitive, exemplary or consequential damages (whether for breach of any
representation, warranty, or covenant in this Fee Agreement, the Chapter 380 Agreement, or any
document executed in connection herewith),
8. Payment upon Injection and Sequestration. The Parties hereby agree that, upon
commencement of commercial injection, Sequestration or storage of the Carbon Oxides Stream
within the Geologic Storage Complex, Grantee shall make quarterly payments (tine "Volumetrie
Royalty") in an amount equal to one Dollar ($1.00) per metric ton of Carbon Oxides Stream (the
"Injected Substances") that is injected into the Geologic Storage Complex and/or Sequestration
Zone (subject to proportionate adjustment required herein), as measured by Grantee at the time of
injection during the applicable preceding calendar quarter.
(a) First Payment. The first Volumetric Royalty shall be made on or before
the first day of the calendar month that is four (4) hall calendar months following the first
date of such injection (e.g., if the first injection occurs on January 20, the first Volumetric
Royalty will be due on June 1),
(b) Subsequent Payments. Thereafter, Grantee shall make payment of the
Volumetric Royalty to Grantor no later than thirty (30) days after the end of the calendar
quarter within which injections were made.
(c) Minimum Annual Payment. Grantee shall be permitted, but not have the
obligation, to inject any volume of Injected Substances into the Geologic Storage Complex
in any calendar year during the term of this Fee Agreement, provided however, that
beginning on the first day of the calendar year following the commencement of commercial
injection, Sequestration or storage of the Injected Substances within the Geologic Storage
Complex, should the total amount of Volumetric Royalty payments made in any calendar
year amount to less than the Volumetric Royalty that wound otherwise be owed for the
injection of two hundred fifty thousand (250,000) metric tons of Injected Substances, or
two hundred fifty thousand and No/100 Dollars ($250,000,00) based on an amount equal
to one Dollar ($1.00) per metric ton (the "Minimum Annual Payment"), Grantee shall
summit payment in the amount of the difference between the total amount of Volumetric
Royalty payments made in the affected calendar year and the Minimum Annual Payment.
This payment shall be made to Grantor no later than sixty (60) days after the last day of the
affected calendar year, and this payment shall be the sole and exclusive remedy to Grantor
in the event that the total amount of Volumetric Royalty payments made in any calendar
year amount to less than the Minimum, A-nnual Payment. To the extent that (i) Grantee
enters into a contract in the state of Texas with another party containing comparable
economic and volumetric terms to this Fee Agreement ("Comparable Contract"), (ii)
such Comparable Contract provides for a Minimum Annual Payment that exceeds the
Minimum Annual Payment set forth in this Fee Agreement, and (iii) such Minimum
Annual Payment is calculated based on a Volumetric Royalty paid for the injection of two
hundred fifty thousand (250,000) metric tons of Injected Substances or fewer, then no later
than the month immediately following the commencement of injection under such
Comparable Contract, Grantee and Grantor will execute an amendment memorializing a
modification of the Minimum Annual Payment under this Section to equal the Minimum
Annual Payment under such Comparable Contract.
(d) Metering and Monitoring. Grantee, at its sole cost and expense, shall
install and maintain appropriate metering and monitoring equipment to measure and record
the actual volumes of Injected Substances associated with the Project in accordance with
industry standards ("Metering Equipment"). Subject to the limitations discussed herein,
the Volumetric Royalties shall be based upon the measured quarterly aggregate of Injected
Substances volumes recorded by the Metering Equipment. The Parties further agree that
the type of Metering Equipment installed is within the sole discretion of Grantee as
operator of the Project.
9. Payment for Continued Monitoring. The Parties hereby agree that, upon
Grantee's notice to Grantor that all commercial injection, Sequestration or storage of the Injected
Substances within the Geologic Storage Complex has ceased, Grantee shall, for a period of fifty
(50) calendar years thereafter (the "Monitoring Period"), make annual payments in an amount
equal to fifty thousand and No1100 Dollars ($50,000.00) for continued monitoring of the Injected
Substances in the Geologic Storage Complex in accordance with industry standards, including
continued access for operation, testing, installation and maintenance of monitoring equipment (the
"Monitoring Payment").
In the event that during the Monitoring Period Grantee determines that commercial
injection, Sequestration or storage of the Injected Substances within the Geologic Storage
Complex may resume, Grantee shall have the option to cease the Monitoring Period along with
subsequent Monitoring Payments and recommence conunercial injection, Sequestration or storage
of the Injected Substances within the Geologic Storage Complex upon written notice to Grantor,
and a renewed fifty (50) calendar year Monitoring Period along with subsequent Monitoring
Payments shall continence upon Grantee's notice to Grantor that all commercial injection,
Sequestration or storage of the Injected Substances within the Geologic Storage Complex has
ceased.
10. Adjustment to Volumetric Royalty in Connection with Grantor's Net
Ownership Interest. In the event Grantor's Land is contributed, combined or pooled to or with
other lands/pore space(s) to create a Sequestration Zone, Grantor's Volumetric Royalty shall be
adjusted ("Adjusted Volumetric Royalty") to reflect Grantor's proportionate ownership of lands
on a surface acreage basis within Sequestration Zone, consistent with the following example;
Assume (1) the Sequestration Zone comprises 3,000 acres, and (2) the Grantor's undivided
ownership of land or of pore space within the Sequestration Zone comprises 300 acres. The
Volumetric Royalty will be adjusted as follows.
300 acres _ 3,000 acres x Volumetric Royalty = Adjusted Volumctric Royalty
11. Binding Agreement; Assignment. The terms of this Fee Agreement shall
constitute real rights running with Grantor's right, title and interest in and to the Laud and the
Geologic Storage Complex, as applicable, and shall be binding upon the representatives, heirs,
executors, administrators, successors, and assigns of Grantor, for the benefit of Grantor and
Grantee, and their successors and assigns. This Fee Agreement shall not be assignable by either
Party without the prior written consent of the other Patty, which shall not be unreasonably
withheld. An associated transfer by a Party of substantially all of its assets to another entity
(whether in one transaction or a series of transactions), or the merger or consolidation of a Party
with another entity, or the transfer of controlling ownership interest of such Party, will be deemed
to constitute an assignment.
12. Ratification; Conflicts. The Chapter 380 Agreement remains in dill force and
effect and is hereby ratified by the Parties. To the extent there is any conflict between the terms of
this Fee Agreement and the terms of the Chapter 380 Agreement, the applicable terms of the
Chapter 380 Agreement shall control,
13. Force Majeure. The term "Force Majeure" as employed in this Fee Agreement
shall mean acts of God, strikes, lockouts, or other industrial disturbances, acts of public enemy,
sabotage, wars, blockades, insurrections, riots, epidemics, pandemics, landslides, tightening,
earthquakes, fires, storms, floods, high water, washouts, or other natural disasters, threat of
physical haunt or damage resulting in the evacuation or shutdown of facilities necessary for the
injection, withdrawal, and storage of the Carbon Oxides Stream or Permitted Substances, arrests
and restraints of governments and people, civil disturbances, explosions, breakage or accident to
machinery or lines of pipe, freezing of lines of pipe, the orders of any court, regulatory body or
governmental authority having jurisdiction or the refusal or withdrawal of any necessary order,
certificate or pennit by any court regulatory body or governmental authority or agency having
jurisdiction, and any other cause, whether of the kind herein enumerated or otherwise, which is
not within the control of the party claiming suspension and which by the exercise of due diligence
such party is unable to prevent or overcome; such term shall likewise include, instances when
either Grantor or Grantee is required to obtain Easements, rights -of -way grants, permits,
certificates or licenses to enable such party to firlfill its obligations hereunder, the inability of such
party to acquire, or the delays on the part of such party in acquiring, at reasonable cost, and after
the exercise of reasonable diligence, such materials and supplies, permits and permissions.
14. Default, Remedies, Notice and Cure Rights, If Grantee fails to perform any of the
covenants or obligations imposed upon it in this Fee Agreement or Applicable Law and except where
such failure is excused due to a Force Majeure event (which shall extend the applicable time period
one day for each day of such Force Majeure event up to a maximum period of two (2) years), then
Grantor may, at its option, send written notice specifying the default which has occurred and the
remedy or cure sought by Grantor. If Grantor fails to provide such written notice within ninety (90)
days after having actual notice of such default, the default is waived. A waiver of a default or failure
to require cure of a default shall not constitute a waiver of any subsequent default. Grantee shall have
thirty (30) days after its receipt of written notice of its default pursuant to this Section in which to cure
the alleged default or to undertake the activities necessary to correct the default if the same cannot be
completed within the 30-day period. If Grantee fails to cure under this Section, Grantor may seek to
impose liability or a remedy on Grantee under this Fee Agreement or Applicable Law whether in
equity or otherwise.
15. Limitation of Liability and No Consequential Damages. THE PARTIES
HEREBY CONFIRM THAT THE EXPRESS REMEDIES AND MEASURES OF DAMAGES
PROVIDED IN THIS FEE AGREEMENT OR CONCURRENT CHAPTER 380 AGREEMENT
SATISFY THE ESSENTIAL PURPOSES HEREOF FOR BREACH OF ANY PROVISION FOR
WHICH AN EXPRESS REMEDY OR MEASURE OF DAMAGES IS PROVIDED, SUCH
EXPRESS REMEDY OR MEASURE OF DAMAGES SHALL BE THE SOLE AND
EXCLUSIVE REMEDY, THE OBLIGOR'S LIABILITY SHALL BE LIMITED AS SET FORTH
IN SUCH PROVISION, AND ALL OTHER REMEDIES OR DAMAGES AT LAW OR IN
EQUITY ARE WAIVED. IF NO REMEDY OR MEASURE OF DAMAGES IS EXPRESSLY
PROVIDED HEREIN, THE OBLIGOR'S LIABILITY SHALL BE LIMITED TO DIRECT
ACTUAL DAMAGES ONLY, SUCH DIRECT ACTUAL DAMAGES SHALL BE THE SOLE
AND EXCLUSIVE REMEDY, AND ALL OTHER REMEDIES OR DAMAGES AT LAW OR
IN EQUITY ARE WAIVED. NEITHER PARTY OR ITS AGENTS OR AFFILIATES SHALL
BE LIABLE OR BEAR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL,
CONSEQUENTIAL, SPECIAL, OR PUNITWE DAMAGES IN ANY KIND OR MANNER,
INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOST PROFITS OR LOST
REVENUE, IT IS THE INTENT OF THE PARTIES THAT THE LIMITATIONS HEREIN
IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD
TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDING THE NEGLIGENCE OF
ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR
ACTIVE OR PASSIVE.
16. Notices. All notices required or permitted to be given under this Fee Agreement
shall be in writing and shall be considered sufficiently given if delivered to the specified address
by (a) hand, courier or overnight delivery service or (b) certified or registered mail, return
receipt requested, in either case with a copy by email:
If to Grantor:
City of Beaumont
Attn: Kenneth Williams
801 Main Street
Beaumont, Texas 77701
With copy to: kenneth,williams@beaumonttexas.gov
If to Grantee:
Caliche CO2 Sequestration, LLC
Attn: Dave Marchese
919 Milarn Street, Suite 2425
Houston, Texas 77002
With copy to: dxm@calichestorage.cam
A notice shall be effective upon the other Party's receipt of the notice. Either Party
may specify a different address for delivery of notices by written notice to the other Party
as provided herein.
17, Applicable Law, THIS FEE AGREEMENT AND THE CHAPTER 380
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF TEXAS, WITHOUT REFERENCE TO CONFLICTS OF LAW
PRINCIPLES. With respect to any disputes arising out of or relating to this Fee Agreement,
exclusive jurisdiction and venue shall be proper in the state and federal courts located in Beaumont,
Jefferson County, Texas.
18. Headings. The Section headings are used herein for convenience only and shall not
be considered a part of this Fee Agreement or used in its interpretation. References to "Sections"
herein are to Sections of this Fee Agreement.
19. Severability. If any provision of this Fee Agreement or the application thereof to
any person or circumstances shall be invalid or unenforceable to any extent, this Fee Agreement
shall be modified to the minimum extent necessary to make such provision enforceable. If such
modification is not permitted by law, any invalid or unenforceable provision shall be disregarded
and the remainder of this Fee Agreement shall not be affected thereby and shall be enforced to the
greatest extent permitted by law.
20. Counterparts. This Fee Agreement may be executed in several counterparts, each
of which shall be an original of this Fee Agreement but all of which, taken together, shall constitute
one and the same agreement and shall be binding upon the parties who have executed any
counterpart, regardless of whether it is executed by all parties named herein.
[Signature Page Follows]
DONE AND SIGNED on the date or dates herein below written, in the presence of the
undersigned competent witnesses and notary, to be. effective as of the Effective Date.
COMPLETE SIGNATURE BLOCKS
GRANTOR:
WITNESSES *GrantoNN.�ame
Printed Name: ��?�/s �� llw
Its:',
Printed Name:
STATE OF
COUNTY/COUNTY OF 'TepzG/1
On this iv day of t'`'1 ---r , 202,, before me, appeared,
WTI E ✓-S - , to me personally known, who, being by me duly
sworn, did say that he/she is the of
-I Vo_ C, p w and that the foregoing instrument was signed
on behalf of said company and that he acknowledged the instrument to be the free act an deed. of
such company.
„y ... Signature of Notary Public
CATHERINE SAURALLEN
`'z My Notary lq 132300044 Notary's name tinted: C'� -i erA e- S �,. �l&I
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a Expires January 3, 2024
My comxnissiozl expires: ua�^y- 31 �7
GRANTEE:
Grantee Name : Cvf n 5F4rj c-wgA r a�jl ,,.."C—
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STATE OF a
COUNTY/COUNTY OF e(k S
On this day ofy�K 202 , before me, appeared �yic� .lYl c. -X
to the personally known, who, being by the duty sworn, did say that he/she is the
C% _ of �amnd
and that the foregoing instrument was signed on behalf of said comthat he acknowledged
the instrument to be the free act and deed of such company.
L€NDA BRIONES
G��z�Jatary
Signature of Notary Public
`r�Pubf[o, State of Texas
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Notary's name printed: U y&- Iro �1 S
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