Lease Amendment No. 4 to Lease Agreement



 Exhibit 10.11 
 LEASE AMENDMENT #4 
 WINDSOR PERMIAN LLC 

FASKEN MIDLAND, LLC., (hereinafter called “Lessor”) and WINDSOR PERMIAN LLC, (hereinafter called “Lessee”), for good
and valuable consideration the receipt of which is hereby acknowledged, do hereby amend that certain Lease Agreement dated April 19, 2011 and Lease Amendment #1 dated June 6, 2011, Amendment #2 dated August 5, 2011 and
Amendment #3 covering approximately 7,067 square feet of Net Rentable Area located on Levels Twelve (12) and Basement of One Fasken Center at 500 West Texas Avenue, Midland, Texas 79701, also known as Suite 1210, under the following terms
and conditions: 
  

	 	1.	LEASED PREMISES. Effective February 1, 2012, the provisions of paragraph 1.5 are hereby deleted and the following substituted in lieu thereof:


 Approximately 7,381 square feet of Net Rentable Area located on Levels Twelve (12) and Basement in the
Building as more fully diagrammed on the floor plans of such premises attached hereto and made a part hereof as “Exhibit B-l” and “Exhibit B-2”, on the floors indicated thereon, together with a common area percentage factor
determined by Lessor (the “Leased Premises”). Said Leased Premises is comprised of approximately 1,586 square feet of Net Rentable Area in the Original Leased Premises together with approximately 1,995 square feet of Net Rentable Area (the
“Basement Expansion Space”), approximately 1,489 square feet of Net Rentable Area (the “Suite 1220 Expansion Space”), approximately 1,997 square feet of Net Rentable Area (the “Suite 1225 Expansion Space”) and 314
square feet of Net Rentable Area (the 12th Floor Expansion Space”). Said demised space represents approximately 1.751% of the Total Net Rentable Area, such Total Net Rentable Area of the Building being approximately 421,546 square feet.

  

	 	2.	TERM. The Lease term for the 12th Floor Expansion Space added by this amendment shall be for four (4) years and four (4) months, commencing
February 1, 2012 and terminating May 31, 2016. 

  

	 	3.	RENT. Effective February 1, 2012, the Base Rent table set forth on Exhibit C of the Lease, Section 2 (Rent) of Amendment #1, Exhibit C-l of
Amendment #2 and Exhibit C-2 of Amendment #3 are hereby deleted and the attached Exhibit C- 3 shall be substituted in lieu thereof. 

  

	 	4.	FINISH OUT. Lessee accepts the Leased Premises in “as is” condition and no other finish out shall be required of Lessor. Any alterations to the
Leased Premises shall be at Lessee’s sole expense and responsibility.     

  

	 	5.	RATIFICATION. Lessor and Lessee do hereby ratify and affirm all of the terms, conditions and covenants of the Lease Agreement, as amended herein.









 Witness the execution hereby this the 6th day of February, 2012 but to be effective
February 1, 2012. 
  

											
	 LESSOR
  

FASKEN MIDLAND, LLC
 By: JB Fund 1, LLC,
Manager
 By: Its Managers
 North Waterfront Corporation
	 		 	 LESSEE
  

WINDSOR PERMIAN LLC

						
	By: 	 	/s/ Thomas E. Cooper	 		 	By: 	 	 	 	/s/ Travis D. Stice
		 	Thomas E. Cooper	 		 		 	Name: 	 	Travis D. Stice
		 	Vice President	 		 		 	Title: 	 	President & CEO
						
	By: 	 	/s/ Thomas E. Cooper	 		 		 		 	
		 	 Thomas E. Cooper
 Vice
President
	 		 		 		 	


  
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 WINDSOR PERMIAN LLC 

EXHIBIT C-3 
  

																																																													
	 	  	Original Leased Premises – 
Suite 1210 – 
1,586 Sq. Ft.	 	  	Suite 1220
Expansion Space – 
1,489 Sq. Ft.	 	  	Suite 1225 
Expansion Space – 
1,997 Sq. Ft.	 	  	12th Floor 
Expansion Space – 
314 Sq. Ft.	 	  	 	 
	 Months
	  	Annual
Rate Per
SF for
Original
Leased
Premises	 	  	Annual Rent
for Original
Leased
Premises	 	  	Monthly Rent
for Original
Leased
Premises	 	  	Annual
Rate Per SF
for Suite
1220
Expansion
Space	 	  	Annual Rent
for Suite 1220
Expansion
Space	 	  	Monthly Rent
for Suite
1220
Expansion
Space	 	  	Annual
Rate Per SF
for Suite
1225
Expansion
Space	 	  	Annual Rent
for Suite
1225
Expansion
Space	 	  	Monthly Rent
for Suite
1225
Expansion
Space	 	  	Annual
Rate Per SF
for 12th
Floor
Expansion
Space	 	  	Annual Rent
for 12th floor
Expansion
Space	 	  	Monthly
Rent for
12th Floor
Expansion
Space	 	  	Total Annual
Rent for Suite
1210,
1220,1225 and
12th Fl.	 	  	Total
Monthly Rent
for Suite
1210,
1220,1225
and 12th Fl.	 	  	Additional
Monthly Rent
for Basement
Expansion
Space	 
	 8/1/11 until Termination of Amendment #2 for Basement Expansion Space
	   
	  				  				  				  				  				  				  				  				  				  	$	2,826.25	  
	 08/01/11—10/31/11
	  	$	16.00	  	  	$	25,376.00	  	  	$	2,114.67	  	  				  				  				  				  				  				  				  				  				  	$	25,376.00	  	  	$	2,114.67	  	  			
	 11/1/11—11/30/11
	  	$	16.00	  	  	$	25,376.00	  	  	$	2,114.67	  	  	$	16.00	  	  	$	23,824.00	  	  	$	1,985.33	  	  				  				  				  				  				  				  	$	49,200.00	  	  	$	4,100.00	  	  			
	 12/1/11—1/31/12
	  	$	16.00	  	  	$	25,376.00	  	  	$	2,114.67	  	  	$	16.00	  	  	$	23,824.00	  	  	$	1,985.33	  	  	$	18.00	  	  	$	35,946.00	  	  	$	2,995.50	  	  				  				  				  	$	85,146.00	  	  	$	7,095.50	  	  			
	 2/1/12—5/31/12
	  	$	16.00	  	  	$	25,376.00	  	  	$	2,114.67	  	  	$	16.00	  	  	$	23,824.00	  	  	$	1,985.33	  	  	$	18.00	  	  	$	35,946.00	  	  	$	2,995.50	  	  	$	19.00	  	  	$	5,966.00	  	  	$	497.17	  	  	$	91,112.00	  	  	$	7,592.67	  	  			
	 6/1/12—5/31/13
	  	$	16.75	  	  	$	26,565.50	  	  	$	2,213.79	  	  	$	16.75	  	  	$	24,940.75	  	  	$	2,078.40	  	  	$	18.50	  	  	$	36,944.50	  	  	$	3,078.71	  	  	$	19.50	  	  	$	6,123.00	  	  	$	510.25	  	  	$	94,573.75	  	  	$	7,881.15	  	  			
	 6/1/2013—5/31/14
	  	$	17.50	  	  	$	27,755.00	  	  	$	2,312.92	  	  	$	17.50	  	  	$	26,057.50	  	  	$	2,171.46	  	  	$	19.00	  	  	$	37,943.00	  	  	$	3,161.92	  	  	$	20.00	  	  	$	6,280.00	  	  	$	523.33	  	  	$	98,035.50	  	  	$	8,169.63	  	  			
	 06/01/14—05/31/15
	  	$	18.25	  	  	$	28,944.50	  	  	$	2,412.04	  	  	$	18.25	  	  	$	27,174.25	  	  	$	2,264.52	  	  	$	20.00	  	  	$	39,940.00	  	  	$	3,328.33	  	  	$	21.00	  	  	$	6,594.00	  	  	$	549.50	  	  	$	102,652.75	  	  	$	8,554.40	  	  			
	 06/01/15—05/31/16
	  	$	19.00	  	  	$	30,134.00	  	  	$	2,511.17	  	  	$	19.00	  	  	$	28,291.00	  	  	$	2,357.58	  	  	$	21.00	  	  	$	41,937.00	  	  	$	3,494.75	  	  	$	22.00	  	  	$	6,908.00	  	  	$	575.67	  	  	$	107,270.00	  	  	$	8,939.17	  	  			


  
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