HomeMy WebLinkAbout20240878.tiffTo Chevron U.S.A. Inc.
PO Box 4538
Houston, TX 77210-4538
DIVISION ORDER
USER: SZWH
Date: 02/21/2024
Effective Date: 06/01/2023
Property: 134570
Owner: 8200344
S'vt\Svofl Wtr\\S
RECEIVED
MAR 2 6 2024
WELD COUNTY
COMMISSIONERS
-4( Ow vNs-4-
%N Y1\ CA C Se\
The undersigned severally and not jointly certifies it is the legal owner of the interest in all the oil, gas and
related liquid hydrocarbons produced from the property described on Exhibit A attached hereto. Until
further written notice, Chevron U.S.A. Inc. is hereby authorized to receive and purchase the oil or gas
belonging to the undersigned and to account to the undersigned for their interest.
THIS AGREEMENT DOES NOT AMEND ANY LEASE OR OPERATING AGREEMENT
BETWEEN THE INTEREST OWNERS AND THE LESSEE OR OPERATOR OR ANY OTHER
CONTRACTS FOR THE PURCHASE OF OIL OR GAS.
The following provisions apply to each interest owner ("owner") who executes this agreement:
INDEMNITY: The owner agrees to indemnify and hold payor harmless from all liability resulting from
payments made to the owner in accordance with such division of interest, including but not limited to
attorney fees or judgments in connection with any suit that affects the owner's interest to which payor is
made a party.
WITHHOLDING OF FUNDS: If a suit is filed that affects the interest of the owner, written notice shall be
given to payor by the owner together with a copy of the complaint or petition filed. In the event of a claim or
dispute that affects title to the division of interest credited herein, payor is authorized to withhold payments
accruing to such interest, without interest unless otherwise required by applicable statute, until the claim or
dispute is settled.
TERMINATION: Termination of this agreement is effective on the first day of the month that begins after
the 30th day after the date written notice of termination is received by either party.
NOTICES: The owner agrees to notify payor in writing of any change in the division of interest, including
changes of interest contingent on payment of money or expiration of time.
No change of interest is binding on payor until the recorded copy of the instrument of change or documents
satisfactorily evidencing such change are furnished to payor at the time the change occurs.
Any change of interest shall be made effective on the first day of the month following receipt of such notice
by payor.
In addition to the legal rights provided by the terms and provisions of this division order, an owner may have
certain statutory rights under the laws of this state.
SIGNATURE:
. 7 --_APR 1 E 2J24
= Weld County Government
BOARD OF V' C��Y
ATTEST.
CLER
BY:
DEPUTY CLERK '• THE BOA
MIS ON S, CHAIR P.O. Box 758
Failure to furnish your Social S
law, and any tax withheld will not
C O Y\ tatanRopmc&ck- k5.- a Li
Greeley, CO 80632-0758
Phone: 970-400-4225
ax: 970-336-7233
-oilandgasleasing@weld.gov
x ID: 84-6000813
ill result in withholding tax in accordance with federal
S.
one N
2024-0878 ()
La 0023 CmtSC)
Keep this copy for your records
EXHIBIT A
OWNER: 8200344
NAME: WELD COUNTY CO
BOARD OF COUNTY COMMISSIONERS
PO BOX 758
GREELEY CO 80632
TRANSFEROR: N/A
DOI/
PROPERTY DOI TRACT
CODE SUFFIX FACTOR
134570 1 1,00000000
TRACT
INTEREST
0,00002029
TYPE
INTEREST
Non -Participating
Royalty Int.
DATE: 02/21/2024 06:29:03
PAGE: 1
PRODUCT
CODE
Oil.
Condensates
UNIT
INTEREST
0.00002029
PROPERTY NAME: SHELTON H13-718 ET AL
PROPERTY TRACT DESCRIPTION: T3N R65W SEC: 12 ALL. SEC: 13 ALL: CONTAINING 1261.46 AC M/L: WELD
COUNTY, CO
COUNTY OR PARISH: WELD
STATE: COLORADO
DOI/
PROPERTY DOI TRACT
CODE SUFFIX FACTOR
134570 2 1.00000000
TRACT
INTEREST
0.00002029
TYPE
INTEREST
Non -Participating
Royalty Int.
PRODUCT
CODE
Gas/NGL'S
UNIT
INTEREST
0.00002029 V
PROPERTY NAME: SHELTON H13-718 ET AL
PROPERTY TRACT DESCRIPTION: T3N R65W SEC: 12 ALL, SEC: 13 ALL: CONTAINING 1261.46 AC M/L: WELD
COUNTY, CO
COUNTY OR PARISH: WELD
STATE: COLORADO
Wells included in "SHELTON H13-718 ET AL" - API #
SHELTON 1113-718 - 051235203600
SHELTON H13-725 - 051235203700
SHELTON H13-731 - 051235203800
SHELTON H13-737 - 051234900500
SHELTON 1113-755 - 051234900400
SHELTON H13-765 - 051234898900
SHELTON H13-774 - 051235203900
SHELTON 913-784 - 051235204000
Note: The information below is informational only. This information is provided only to aid in the calculation of the NRi. This
information is not to be relied upon for any other purpose. The 15 Tracts below cover the entirely of the spacing unit for the wells.
Your ownership is not in all 15 Tracts. Your ownership is limited to certain Tracts. Review the conveyance documents by which you
received any ownership to determine the lands and corresponding Tracts that you may own. The Tract Acres are based on data
provided by a surveying company. DOP Rec# 4907408 7/5/23 Weld CO.
Tract # Tract Acres Unit Tract Description in the "SHELTON 1113-718 ET AL'
12-1 309.57 The N/2 of Section 12, T3N, R65W, 6th P.M.
12-2 305.6 The S/2 of Section 12, T3N, R6SW, 6th P.M., less and except Tract 12-3.
That part of the SW/45W/4 of Section 12, T3N, R65W, 6th P.M. described as follows: Beginning 30 feet East of the NW corner of
the SW/4SW/4; thence East 467 feet, thence South 467 feet, thence West 467 feet, thence North 467 feet to the point of
12-3 4.61 beginning.
13-1 40.02 The NW/4NW/4 of Section 13, T3N, R65W, 6th P.M.
13-2 40.03 The SW/4NW/4 of Section 13, T3N, R65W, 6th P.M.
13-3 80.14 The E/2NW/4 of Section 13, T3N, R65W, 6th P.M.
13-4 80.07 The W/25W/4 of Section 13, T3N, R65W, 6th P.M.
13-S 40.06 The NE/4SW/4 of Section 13, T3N, R65W, 6th P.M.
13-6 40.06 The SE/4SW/4 of Section 13, T3N, R65W, 6th P.M.
13-7 40.1 The NW/4NE/4 of Section 13, T3N, R65W, 6th P.M.
13-8 40.19 The NE/4NE/4 of Section 13, T3N, R65W, 6th P.M.
13-9 80.37 The S/2NE/4 of Section 13, T3N, R65W, 6th P.M.
13-10 40.14 The NW/4SE/4 of Section 13, T3N, R65W, 6th P.M.
13-11 40.21 The NE/4SE/4 of Section 13, T3N, R65W, 6th P.M.
13-12 80.29 The S/25E/4 of Section 13. T3N, R6SW, 6th P.M.
1261.46
AR2335521
B 1386 REC 02335521 06/04/93 10.07 $20.00 1/004
F 0034 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
DOCUMENT NO 93-053
,SURFACE OWNER'S AGREEMENT C,C)OIG11 Q� �� 15
THIS AGREEMENT, made and entered into this 16th day of Apnl, 1993, by and between
JAMES MILDENBERGER, DIANE P. MILDENBERGER AND MARY ANN CHUMLEY
(hereinafter for convenience called the "Landowner") and UNION PACIFIC RESOURCES
COMPANY (hereinafter for convenience called "UPRC"),
WITNES SETH.
RECITALS
Landowner is the owner of the following -described premises, hereinafter referred to as
"described premises" -
Township 3 North. Range 65 West
' Section 13 Lot 18, Milton Lake Estates, First Filing `(NE/4NE/4)
Weld County, Colorado
SUBJECT, however, to exceptions and reservations of minerals and rights of entry and of
surface use contained m a certain deed or deeds of conveyance, as follows Warranty Deed No
4196 dated January 20, 1914 from the Union Pacific Railroad Company to Ambrose C Heltzell,
recorded January 29, 1914 in Book 393 at Page 68 in the office of the County Clerk and
Recorder of Weld County, Colorado UPRC is successor m interest to all the light, title and
interest of Union Pacific Railroad Company in and to the oil, gas and associated liquid
h foci ' ..Ssaid for termperiod to the term this
..arbc in premises a or equal or exceeding of
Surface Owner's Agreement
UPRC proposes for UPRC or its agents, lessees, licensees, successors or assigns to prospect
upon and explore the descnbed,premises for the development and production of oil, gas 'and
associated liquid hydrocarbon substances either on UPRC's behalf or under or pursuant to an
oil and gas lease or hcense, or under or pursuant to a'"umtization agreement meaning here and
wherever that term is used herein any operating agreement, or any other agreement covering the
exploration or development for or the production of oil, gas or associated liquid hydrocarbons,
or any pooling, communitization, unit or other agreement whereby the described premises may
be included with other lands in proximity thereto as a unit area under a plan of unit or joint
exploration, development and operation
Besides confirming the surface uses expressly set forth below, this agreement is intended
to avoid and resolve any and all disputes of whatever nature in connection with the ownership
of oil, gas and associated liquid hydrocarbon substances in the'descnbed premises,- including
nghts to extract, remove or market such minerals, and including any such dispute that may arise
hereafter, whether or not the basis for such dispute is now known or has been identified in
disputes vivolving exceptions and ieservations of minerals in other deeds from Union Pacific
Railroad Company or its predecessors
AGREEMENT
NOW, THEREFORE, it is agreed as follows '
Section 1 In consideration of the mutual benefits and other good and valuable
consideration, Landowner Hereby confirms, extends and 'grants to UPRC, its agents, lessees,
licensees, successors and assigns, mcludmg any operator or unit operator from time to time in
charge of operations under a unitization agreement, and their respective successors and assigns,
the easements and rights to enter upon the described premises and any lands adjacent or
contiguous thereto owned or claimed by the Landowner and to extract, remove, store, transport,
B 1386 REC 02335521 06/64/93 10.07 $20.00 2/004
F 0035 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
and market for its or their account oil, gas and associated liquid hydrocarbon substances in or
from said descnbed premises, and to dnIl, construct, maintain and use upon, withm, and over
said described premises all oil wells, gas wells, demcks, machinery, tanks, drips, boilers,
engines, pipelines, power and telephone lines, roadways, water wells, and, without limitation
by reason of the foregoing enumeration, any and all other structures, equipment, fixtures,
appurtenances, or facilities (all of the above being included under the term "facilities") necessary
or convenient in prospecting and developing for, producing, stonng, transporting, and marketing
oil, gas and associated liquid hydrocarbon substances under or produced from any portion of the
described premises or under or produced from any portion of the unit area created under a
unitization agreement, together with the right to remove said facilities and the right to use such
water as may be needed from the descnbed premium, not including water from Landowner's
wells
Section 2 UPRC agrees, so long as it is receiving oil and/or gas production from or oil
and/or gas royalties upon production from the descnbed premises or allocated thereto under the
provisions of a unitization agreement, to pay or cause to be paid to the Landowner m cash the
value (which shall never be greater than the amount realized by UPRC from the sale of such
production) on the premises of two and one-half percent (2-1/2%) of all the oil and gas and
associated liquid hydrocarbons hereafter produced, saved, and marketed therefrom or allocated
thereto as aforesaid, except oil and gas and associated liquid hydrocarbons used in operations
on the premises or used under the unitization agreement, and except that as to casinghead
gasoline and other products manufactured from gas there shall be deducted the cost of
manufacture, provided, however, that dung any time the descnbed premises or any portion
thereof are included within the boundanes of a participating, pooled, or commumtized area, and
there is no provision for the payment of royalties to UPRC but it participates m the production
from the pooled, communitized, or unit area as a working interest owner, then the two and one-
half percent (2-1/2%) above set forth shall be applied to that percentage of the total production
from such area which is allocated to the described premises Any payment made to the
Landowner pursuant to this Section 2 for production which is sold or which is used off the
premises shall be calculated after deducting all taxes, now or hereafter levied against, paid on,
or measured by production or the value thereof, and after deducting all costs incurred or borne
by UPRC for treating the production to make it merchantable, and for gathering, transporting
and compressing the production prior to delivery to the purchaser at the point of sale or use
When production of oil from lands under several surface ownerships is commingled in one
central tank setting for practical operating reasons, penodic individual well tests may be made
to compute the quantities of commingled oil properly allocable to each well, and the two and
one-half percent (2-112%) payment provided herein shall be payable upon the quantities
apportioned to each well as reported to UPRC m full satisfaction of the obligations of UPRC
under this Section 2
Section 3 Nothing herein contained shall be construed as a covenant to drill by UPRC,
its agents, lessees, licensees, successors, or assigns, or by any operator or unit operator, or as
a grant to landowner of oil or gas rights or rights in other associated liquid hydrocarbons
Section 4 UPRC, its agents, lessees, licensees, successors and assigns, including the
operator or unit operator under a unitization agreement, shall be required (a) to pay for all
damage to Landowner's lands, buildings, and growing crops caused by, the erection or
construction of facilities to be used in connection with oil or gas or associated liquid
hydrocarbon operations, (b) to bury all pipelines below plow depth where such lines cross
cultivated land, and (c) to construct gates or, at its option, install cattle guards where necessary
for crossing fenced land m connection with exploration, development, or producing operations
and, where an election has been made to construct gates m lieu of cattle guards, to keep such
gates m repair and closed In no event shall the amount of damages exceed the value (as
determined by the use of the land at the time the damages are sustained) of that portion of the
Landowner's lands actually used by UPRC, its agents, lessees, licensees, successors or assigns,
for the location of its facilities The fact that damages have not been agreed upon shall m no
way delay, restrict, impair or diminish the right of UPRC, its agents, lessees, licensees,
successors and assigns to commence or conduct oil and gas operations on the described
premises
2
B 1386 REC 02335521 06/04/93 10:07 $20.00 3/004
F 0036 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
Section 5 Other than the payments to be made as aforesaid, the Landowner shall not
be entitled to any other or additional payments as a result of the conduct of the operations
described in Section 1 hereof, and Landowner will claim no nght, title or interest in or to the
oil, gas and associated liquid hydrocarbon substances in the described premises
Section 6 Subject to the provisions of Section 8 hereof, it is agreed that the covenants
to pay the sums provided in Sections 2 and 4 hereof shall be covenants running with the surface
ownership of the described premises and shall not be held or transferred separately therefrom,
and any sums payable under this agreement shall be paid to the person or persons owning the
surface of the descnbed premises as of the date the oil or gas or associated liquid hydrocarbon
production is marketed UPRC shall not, however, become obligated to make such payments
to any subsequent purchaser of the described premises and shall continue to make such payments
to the Landowner until the first day of the month following the receipt by UPRC of notice of
change of ownership, consisting of the original or certified copies of the instrument or
instruments constituting a complete chain of title from the Landowner to the party claiming such
ownership, and then only as to payments thereafter made
Section 7 The easements, nghts, and uses herein shall be binding upon the descnbed
premises and each and every part thereof, and the present and future owners thereof, and shall
continue for the benefit of UPRC and its successors and assigns, as owners of the oil and/or gas
and/or associated liquid hydrocarbon nghts in the described premises and each and every part
thereof, and their agents, lessees, licensees, successors, and assigns, including any operator or
unit operator, and for the benefit of other lands within any unit area within which the described
premises, or any portion thereof may be included, and each and every part thereof
Section 8 This agreement shall be in full force and effect from and after execution and
delivery and shall continue in full force and effect for a period of one (1) year and so long
thereafter as the oil and gas rights in the descnbed premises are committed to an oil and gas
lease or license or to a unitization agreement, or so long as a well capable of producing oil or
gas or associated liquid hydrocarbons is located upon the described premises, or dnlhng or
reworling operations are being conducted thereon, and, upon termination of such lease, license,
or unitization agreement, or upon abandonment of such well, or upon cessation of such dulling
or reworking operations, whichever last occurs, this agreement shall terminate, provided,
however, that such termination shall neither affect nor tennmate the rights, expressed or implied,
in the deed or deeds referred to in the Recitals hereof
Section 9 Subject to the provisions of Sections 6 and 8 hereof, this agreement shall
inure to the benefit of and be binding upon the parties hereto and their respective heirs,
executors, administrators, successors, and assigns
IN
3 day of
wntten
S WHEREOF, the parties hereto have executed this agreement this
, 1993, to be effective as of the day and year first above
UNION P IFIC RESOURCES COMPANY
By
Att rney-m-Fact
DIANE P MILDENBE
sal- 2C,- 6.3'8/
Social Security Number
MARYCHUMLEY
5,A-,-Q-3t!/
Social Security Number
3
B 1386 REC 02335521 06/04/93 10:07 $20.00 4/004
F 0037 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
Store of gee" )
Co Any of (id
On this 3 day of , 1993, before me personally appeared JAMES
MLDENBERGER and DIANE P. MIL ENBERGER, his wife, to me known to be the persons
described in and who executed the foregoing instrument, and acknowledged that theycmx*uted
the same as their free act and deed. , aa•
ti
Notary Public
M Commission Expires:
/3/ M,b,
Store of C'fr)
) ss.
Coint of(e221)Y
4Uvio \
J •
try•
• w
On this -3 day of at , 1993, before me personally appeared MARY
AI' ICI CHUMLEY, to me known to bete person described in and who executed the fore oing
ins rument, and acknowledged that she executed the s;e as her free act and deed: ,v'.,u 't
r
(.
dig/t22,1410"
.K P. .�
Notary Public
MCommission Expires:
Lt 13i 199k
•
or ;
• f i
/f •
I
• 'boa',
•
•
w
Sta..e of Texas )
) ss.
Co mty of Tarrant )
The foregoing instrument was acknowledged before me this 13t)day of 1)\a).4
19c3, by 21q as an Attorney -in -Fact of UNION PACIFIC
REOURCES COMPANY, a Delaware corporation, on behalf of the corporation.
4
tillL)11:
A. ANN SMITH
Notary Public
�. STATE OF TEXAS
to of it* My Comm Exp 03117/96
Notary Public
Jessica Reid
From:
Subject:
Attachments:
CTB-Oil and Gas Leasing
FW: Shelton wells Division Order Weld CVX/NBL # 8200344
623168 SOA 2335521.pdf
From: Muras, Bryce <bryce.muras@chevron.com>
Sent: Friday, April 5, 2024 2:17 PM
To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@weld.gov>
Cc: Muras, Bryce <bryce.muras@chevron.com>
Subject: RE: Shelton wells Division Order Weld CVX/NBL # 8200344
Caution. This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe.
Jess,
3 different "Shelton" unit's had DO's sent out in February and March. My presumption is that you are referring to the internally named Venture/Unit named "SHELTON H13-718 ET AL" for the wells below with
venture # 134570 for a interest type or "NR" (abbreviated for Non -Participating Royalty Interest) with an NRI of 0.00002029 ("Interest").
Wells
included
in "SHELTON
H13-718
ET
AL" - API
#
SHELTON
H
13-718
- 051235203600
SHELTON
H13-725
- 051235203700
SHELTON
H13-731
- 051235203800
SHELTON
H13-737
- 051234900500
SHELTON
H13-755
- 051234900400
SHELTON
H
13-765
- 051234898900
SHELTON
H13-774
- 051235203900
SHELTON
H13-784
- 051235204000
Please note that the Interest described above is not from an unleased mineral interest so there is not a possibility to initiate a lease negotiation. This NR ownership stems from a 2.5% Surface Owner Agreement
("SOA") at reception it 2335521 6/4/93 Weld CO (attached). Individuals and entities that own within the SOA receive a proportional amount of the hydrocarbons produced. Per the Weld County Tax Assessor, it
appears that tax parcel 121313101023 is in the attached SOA lands and Weld County is the owner of 1.826 acres and thus subject to this payment.
1
•
121313101024
MILDEN8RGER 3NIES
34.011 ac 13-8
•
121
WEI
313101Q23
CO
1.826 1.826 a
2
Calculation:
A portion of Tract 11 (aka Tract 13-8) with a general legal description of T3N R65W Sec 13 NENE containing ^'40.19 acres in an 1261.46 acre unit (aka 0.03185991 of the unit).
Surface
Parcel
Owner
QQ
Tract
Mineral
Acrage
Tract
Calculated
Surface
Acreage
Tax
Sum
Calculated
of
% In
=N/M
Tract
Surface
SOA
=N/O
% of
Owner Sum
SOA #
Surface
(N)
Tract
DDOTO
13-8
- 1023
NENE
13-8
40.19
1.826
35.837
4.543419%
5.095293%
5.0952930%
623168
WELD
COUNTY
Surface % x SOA x 50%* = Royalty Interest
0.05095293 x 0.025 x .5* = 0.00063691
Royalty Interest x Tract Factor = NRI
0.00063691 x 0.03185991 = 0.00002029
*A Chevron entity "Charger Royalties LLC" owns 50% of the MI, hence we pay 50% of the 2.5% SOA. The other 50% would be paid by the owners of the other 50%. The 4 owners are ERA II Buffalo Minerals, LLC, IE
Buffalo Minerals, LLC, Strata Buffalo SRP, LP, & CSM DJ, LLC. Crescent Energy OPCO LLC DBA Crescent Minerals Partners Management LLC controls these 4 entities and would be disbursing the revenue for the
other 50% of the 2.5% SOA.
Please let me know if you have any questions.
Best regards,
bryce muras
land representative - ownership
bryce.muras@chevron.com
land administration
chevron north america exploration and production company
(a chevron u.s.a. inc. division)
1400 smith st
houston tx 77002
cell 832-823-1342 (7am-5pm CST)
From: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@weld.gov>
Sent: Tuesday, March 26, 2024 1:17 PM
To: SC - Land Admin <landadmin@chevron.com>
Cc: CTB-Oil and Gas Leasing <CTB-OilandGasLeasing@weld.gov>
Subject: [**EXTERNAL**] Shelton wells Division Order
Be aware this external email contains an attachment and/or link.
Ensure the email and contents are expected. If there are concerns, please submit suspicious messages to the Cyber Intelligence Center using the Report Phishing button.
3
Hi,
We received the above mentioned Division Order, which shows we are being pooled We (Weld County Government) would strongly prefer to have a lease in place for any lands which we own the
oil and gas interests Can you please provide me the specific legal description for the land within the spacing unit that Weld County owns? Once I receive that I would be happy to send you our
lease form
Jess Reid
Deputy Clerk to the Board
Weld County Government
1150 0 Street
Greeley, CO 80631
tel 970-400-4212
Confidentiality Notice This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged,
confidential or otherwise protected from disclosure If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication Any disclosure, copying,
distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited
4
COUNTY ATTORNEY STAFF APPROVAL
This is to affirm the attached Division Order and authorization to receive payment for an
oil and gas well has been reviewed by the County Attorney's staff as to form and legal
description.
Well Name(s): SHELTON H13-718, SHELTON H13-725, SHELTON H13-731, SHELTON H13-737,
SHELTON H13-755, SHELTON H13-765, SHELTON H13-774, SHELTON H13-784
File Location(s): LEOO23 (misc oil and gas)
B
.
Bruce Barker — County Attorney
Th
*Surface owner only
DATE: 41 CS (
PER ATTACHED EMAIL:
Surface % x SOA x 50%* = Royalty Interest
0.05095293 x 0.025 x .5* = 0.00063691
Royalty Interest x Tract Factor = N R I
0.00063691 x 0.03185991 = 0.00002029
*A Chevron entity "Charger Royalties LLC" owns 50% of the MI, hence we pay 50% of the 2.5%
SOA. The other 50% would be paid by the owners of the other 50%. The 4 owners are ERA II
Buffalo Minerals, LLC, IE Buffalo Minerals, LLC, Strata Buffalo SRP, LP, & CSM DJ, LLC. Crescent
Energy OPCO LLC DBA Crescent Minerals Partners Management LLC controls these 4 entities and
would be disbursing the revenue for the other 50% of the 2.5% SOA.
Hello