LL0GBluewater Holdings, L.L.C.

August 6, 2020

Bureau of Ocean Hnergy Management Gulf of Mexico OCS Region 1201 Elmwood Park Blvd., MS WS 231A New Orleans, Louisiana 70123-2394

VIA EMAIL

ADJUDlCMioKl^lffl

ATTN: Adjudication Unit

RE: Assignment of Overriding Royalty InterestBy and between LLOG Bluewater Holdings, L.L.C., as Assignor, and AEON Roy alties, LP, Jerome C, Tebo and Charles T. \ ough, as Assignees S/2 and the S/2N/2 of OCS-G 36876, Block 921, Ewing Bank Non-Required Document EW 877/921 (Spruance) Prospect

Ladies and Gentlemen:

Enclosed please find two (2) copies of the following document:

Title of Document: Assignment of Ov erriding Royalty Interest

Identities of Parties to the Document: By and between LLOG Bluewater Holdings, L.L.C., as Assignor, and AEON Royalties, LP, Jerome C. Tebo and Charles T. Yough, as Assignees

Lease Affected: S/2 and the S/2N/2 of OCS-G 36876. Block 921, Ewing Bank

Category to he Eiled: 5 = Overriding Royalty, Production Payment, Net Profit

Serv ice Fees: pay.gov receipt in payment of the fee incurred by this request is enclosed

Once this document has been filed as requested, I would appreciate your stamping and returning one (1) copy to my attention at the address outlined below.

In the meantime, please do not hesitate to contact me should you have any questions or need any additional infonnation at (985) 801-4794 or rachaeI.lcpere@llog.com.

Yours very truly.

LLOG Bluewater Holdings, L.L.C.

Rachael LePere Land Assistant

Enclosure

1001 OCHSNER BOULEVARD. SUITE 100 COVINGTON. LA 70433

PHONE: (985) 80W300 FAX: (985) 801-4798

Plaquemines Parish Recording Page

Kim Turlich-Vaughan Clerk of Court

PO Box 40Belle Chasse, LA 70037

(504) 934-6610

Received From :Attn: RANDY SCHROEDER ROBERTASCHROEDER PO BOX 681MANDEVILLE, LA 70470-0681

First VENDOR_______________ '

LLOG BLUEWATER HOLDINGS LLC

First VENDEE___________ _____________________________________________________________________________ 'AEON ROYALTIES LP |

Index Type : CONVEYANCE

Type of Document: ASSIGNMENT

Recording Pages : 14

File Number: 2020-00003042

Book: 1427 Page: 234

Recorded Information

I hereby certify that the attached document was filed for registry and recorded in the Clerk of Court's office for Plaquemines Parish, Louisiana.

On (Recorded Date): 07/30/2020

At (Recorded Time): 12:13:03PM

Doc ID - 005327600014

CLERK OF COURT KIM TURUCH-VAUGHAN

Parish of PlaqueminesI certify that this is a true copy of the attached

document that was filed for registry and Recorded 07/30/2020 at 12:13:03

Recorded in Book 1427 Page 234 File Number 2020-00003042

\aJtQnuac^>ltisUl^o^Deputy Clerk

I) E <3 ID WEBu

AUG 05 2020 JA DJUDICATiON SECTION

it•4'

Return To : Attn: RANDY SCHROEDER

Do not Detach this Recording Page from Original Document

Lafourche Parish Recording Page

Annette M. FontanaCLERK OF COURT

PO BOX 818303 W 3rd St

Thibodaux, LA 70302 (985) 447-4841

First VENDORLLOG BLUE WATER HOLDINGS L L C

First VENDEEAEON ROYALTIES LP

Index Type : CONVEYANCE

Type of Document: ASSIGNMENT

Inst Number: 1299715

1

Recording Pages : 11Book: 2173 Page: 498

Recorded Information

I hereby certify that the attached document was filed for registry and recorded in the Clerk of Court's office for Lafourche Parish, Louisiana.

On (Recorded Date): 07/30/2020

At (Recorded Time): 9:05:36AM

Certified On : 07/30/2020

Doc ID - 033543450011

CLERK OF COURT ANNETTE M. FONTANA

Parish of LafourcheI certify that this is a true copy of the attached

document that was filed for registry and Recorded 07/30/2020 at 9:05:36

Recorded in Book 2i73 Page 498 . File Number 1299715

St

Deftuty.Cleric

Do not Detach this Recording Page from Original Document

ASSIGNMENT OF OVERRIDING ROYALTY INTEREST

THE UNITED STATES OF AMERICA a3

OUTER CONTINENTAL SHELF 3

AUG 0 6 2020

ADJUDICATION SECTIONKNOW ALL MEN BY THESE PRESENTS:

THAT, LLOG Bluewater Holdings, L.L.C., a Delaware limited liability company, whose

address is 1001 Ochsner Boulevard, Suite 100, Covington, Louisiana 70433 (“Assignor”), for

and in consideration of TEN DOLLARS ($10.00) cash in hand paid, the covenants herein

contained and other good and valuable consideration, the receipt of which is hereby

acknowledged, does hereby BARGAIN, GRANT, SELL, CONVEY, TRANSFER and

ASSIGN unto the parties identified on the attached Exhibit “A” (“Assignees”), their respective

heirs and assigns, a 0.5% Overriding Royalty Interest (the “ORRI”) as set out on said Exhibit

“A,” in and to the Oil and Gas Lease (“Lease”) described in Exhibit “B” attached hereto and any

renewals or extensions thereof obtained by or for the benefit of Assignor, within one year from<

the expiration of the Lease.

In the event the Lease shall cover and include less than an undivided. 100% mineral

interest in and to all oil, gas and hydrocarbons in, on or under the lands covered by the Lease or

should the leasehold rights, titles and interests in the Lease fail or terminate, in whole or in part

for any. reason, then the interest herein assigned shall be proportionately reduced with reference

to such land, or portions thereof, so affected.

This Assignment is made by Assignor and accepted by Assignees subject to the following:

1. All of the terms, conditions and obligations contained in the Lease; and,

2. That certain unrecorded revised and extended Consulting and Exploration

Agreement dated effective July 1, 2013 by and between David A. Pustka, as an

Individual Member of Blue Streak Exploration Group and LLOG Exploration

Offshore, L.L.C., et al. .

3. That certain unrecorded revised and extended Consulting and Exploration

Agreement dated effective July 1, 2013 by and between Jerome C. Tebo, as an

Individual Member of Blue Streak Exploration Group and LLOG Exploration

Offshore, L.L.C., et al.

4. That certain unrecorded revised and extended Consulting and Exploration

Agreement dated effective July 1, 2013 by and between Charles T. Yough, as an

Individual Member of Blue Streak Exploration Group and LLOG Exploration

Offshore, L.L.C., et al.

5. That certain Letter Agreement for Overriding Royalty Interest dated July 20,

2020, by and between LLOG Exploration Offshore, L.L.C., LLOG Bluewater

Holdings, L.L.C., AEON Royalties, LP, Jerome C. Tebo and Charles T. Yough.

The ORRI hereby assigned shall be free of all costs of operations and drilling and shall be

computed by the same method and under the same conditions and circumstances as the royalty

provided to be sold or delivered in the Lease (except that any Royalty Relief or Royalty

Suspension Volumes granted by the Lessor shall have no effect on Assignor’s obligation to pay

the ORRI hereunder during the period of Royalty Relief or Royalty Suspension Volume), and

shall be subject to any provisions therein regarding deductions for marketing or other Lessor

approved deductible production related costs or expenses including a proportionate part of all

applicable severance and production taxes. N

If the Lease is subject to, or become subject to an offshore operating agreement

(“OQA”), and, under the terms of such OOA, Assignor forfeits their working interest (either

permanently or during a period of recoupment) for a non-participation and/or non-consent

operation, and the ORRI is determined to be a subsequently created burden under the terms of

the OOA, then the ORRI assigned herein shall be suspended until such time as such costs and/or

penalties have been recovered or such other cause for suspension is removed and such working

interest of Assignor is reinstated, at which time the ORRI shall be so reinstated. If the Lease has

been acquired through a farmout or other agreement(s) which provides for the contractual

reduction of Assignor’s working interest in the Lease upon the occurrence of some future event

(e.g. payout of a test well or the like), the ORRI assigned herein shall also be reduced at the same

time and in the same proportion as Assignor’s working interest.

Assignor, their successors and assigns shall have the right to pool, combine or unitize the

above described Lease and any portion or portions of the lands covered thereby with other land,

lease(s) or mineral interest in any manner and at any time before or after production, without the

consent or approval of the Assignees, their-heirs, or assigns. In the event the acreage covered by

the above described Lease, or any portion thereof is pooled, contractually combined or unitized

with other lands, lease(s) or mineral interest to comprise a unit (or units), Assignees' ORRI

assigned herein shall be reduced in the same proportion that the lease acreage or a portion thereof

is pooled, contractually combined or unitized. If the lease acreage or any portion thereof in any

such unit is subject to revision due to the inclusion or exclusion of acreage, or the addition or

revision of any participating areas defined in a governing unit agreement, the ORRI assigned

herein shall be either reduced or increased in the same proportion that the lease acreage or any

portion thereof pooled, contractually combined or unitized is reduced or increased.

Assignor shall never be under an obligation to Assignees, their heirs or assigns, to

maintain the above described Lease in force and effect by the payment of rentals, the drilling of

wells or otherwise; the overriding royalty herein conveyed being due and payable out of

production if and when it should be obtained by Assignor, their successors and assigns.

All provisions contained herein shall be binding on all heirs, successors and/or assigns of

Assignees and Assignor.

TO HAVE AND TO HOLD unto Assignees, their heirs and assigns, without warranty of

title, either expressed or. implied, except as to all persons claiming by, through or under

Assignor.

THIS assignment shall have an effective date of July 1,2020.

THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY

IN WITNESS WHEREOF, this instrument is executed this 28th day of July, 2020

WITNESSES ASSIGNOR:

LLOG Bluewater Holdings, L.L.C.

Secretary

ACKNOWLEDGEMENT

STATE OF LOUISIANA

PARISH OF ST. TAMMANY

§§§

On thisis ^day of Jtll

personally known, who, being by me duly sworn, did say that she is the Secretary of LLOG Bluewater Holdings, L.L.C., a Delaware limited liability company, and that the foregoing instrument was executed on behalf of said limited liability company by authority of its Members, and she also acknowledged said instrument to be the free act and deed of said limited liability company.

2020, before me appeared Kemberlia Ducote, to me

Notary Public

My Commission Expires: faty&siinslNotory PiMc - St Itanmany PnrifA

My Commteaina fcsnadl far T ift-NoteiyNa «»07

WITNESSES ASSIGNEE:

AEON Royalties, LP By: AEON GP, LLC, Its General Partner

JbjJi'Print Name:

^ ------ ---------------------------

Print Name: ' RtT***^

Printed Name: /LCtulS>

Printed Name: t/A/^r

Quit/) g. rfLazBy: David Alan Pustka Manager

. 2. 7^^

By: Nancy Ellen Sever Pustka Manager

ACKNOWLEDGEMENTSTATE OF TEXAS §

§COUNTY OF HARRIS §

On this 31 day of 2020, before me appeared Nancy Ellen SeverPustka, who, being by me duly sw<M, did say that she is the Manager of AEON GP LLC, general partner of AEON Royalties, LP, a Texas limited partnership, and that for and on behalf of the said limited liability company and said limited partnership, and as its and their act and deed, she executed the above and foregoing instrument, after first having been duly authorized by said limited partnership to do so; and that she also executed the .above and foregoing instrument in his individual capacity.

Notary Public

My Commission Expires:L M PREIDIS

:Notary Public, State of Texas

Comm. Expires 06-26-2022

Notary ID 129867090

ACKNOWLEDGEMENTSTATE OF TEXAS §

§COUNTY OF HARRIS §

On this eTl day of 2020, before me appeared David A. Pustka, who,being by me duly sworn, did say thsr he is the Manager of AEON GP LLC, general partner of AEON Royalties, LP, a Texas limited partnership, and that for and on behalf of the said limited liability company and said limited partnership, and as its and their act and deed, he executed the above and foregoing instrument, after first having been duly authorized by said limited partnership to do so; and that he also executed the above and foregoing instrument in his individual capacity.

Notary Public

My Commission Expires:

WITNESSES ASSIGNEE:

AjA/icy

ACKNOWLEDGEMENT

STATE OF TEXAS §§

COUNTY OF HARRIS .§

On this M day of TUUH 2020, before me appeared Jerome C. Tebo, to me

personally known, who, being by r$£ duly sworn, did say that he is an Individual Member of

Blue Streak Exploration, and that the foregoing instrument was executed on behalf of his authority as an Individual Member of Blue Streak Exploration, and he also acknowledged said instrument to be the free act and deed of said Individual Member of Blue Streak Exploration.

Notary Public

My Commission Expires:4^ - - - - - - - .

Nowry Public. State of Comm. Expires OS-26-

in 19AA670

L M PREIDISTexas

Expires 06-26-2022

Notary ID 129867090

WITNESSES ASSIGNEE:

ACKNOWLEDGEMENT

STATE OF TEXAS §

§COUNTY OF HARRIS §

On this fligg day of 2020, before me appeared Charles T. Yough, to me

personally known, who, being by mt duly sworn, did say that he is an Individual Member of Blue Streak Exploration, and that the foregoing instrument was executed on behalf of his authority as an Individual Member of Blue Streak Exploration, and he also acknowledged said instrument to be the free act and deed of said Individual Member of Blue Streak Exploration.

My Commission Expires:

fclafrjaa

Notary Public

EXHIBIT “A”

Attached to and made a part of that certain Assignment of Overriding Royalty Interest from

LLOG Bluewater Holdings, L.L.C. to AEON Royalties, LP et al

AEON Royalties, LP 3394 Chevy Chase Drive Houston, TX 77019

Jerome C. Tebo2015 Crystal Downs DriveKaty, TX 77450

Charles T. Yough 15507 Hillside Terrace Lane Cypress, TX 77429

0.166667% of 6/6ths

0.166667% of 6/6ths

0.166666% of 6/6ths

TOTAL 0.5% of 6/6ths

THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY

EXHIBIT “B”

Attached to and made a part of that certain Assignment of Overriding Royalty Interest from

LLOG Bluewater Holdings, L.L.C. to AEON Royalties, LP et al

Oil and Gas Lease of Submerged Lands, dated effective as of July 1, 2020 by and between the United States of America, as Lessor, and LLOG Exploration Offshore, L.L.C. et al, as Lessee, covering the S/2 and the S/2 N/2 of OCS-G 36876, Block 921, Ewing Bank, OCS Official Protraction Diagram, NH 15-12, containing 4,320.00 acres, more or less, INSOFAR AND ONLY INSOFAR as the lease covers the S/2 N/2 and further limited in depths from the surface down to and including one- hundred feet TVD (lOO’TVD) below the stratigraphic equivalent of the base of the 16500’ Sand as seen at 16,525’ TVD in the LLOG OCS-G 35295 #1 well located on Ewing Bank Block 877.

FILFD AND RECORDED, lEFFEP.SO?' PARISH, LOUISIANA 12035076 DATE 7/30/2020 i 1:00:17 AM.ION A. GEGEMHEIMER CLERK OF COURT fk RECORDER CERiTv.FIEQ TRUE COPY

PiYDfiW CB BOOK 3439

BORDERPAGE 951