Document:

krp_Ex10_18

		
			Exhibit 10.18
		

		
			Execution Version
		

		
			 
		

		
			AMENDMENT NO.  3 TO THE
		

		
			MANAGEMENT SERVICES AGREEMENT
		

		
			 
		

		
			THIS AMENDMENT NO.  3 TO THE MANAGEMENT SERVICES AGREEMENT (this “Amendment”) is executed on December 16,  2019, but made effective as of January 1, 2020 (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.”
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, the Parties entered into that certain Management Services Agreement, effective as of February 8, 2017  (as amended, the “Management Services Agreement”);
		

		
			 
		

		
			WHEREAS, the Parties entered into that certain Amendment No. 1 to the Management Services Agreement, effective as of January 1, 2018, and that certain Amendment No. 2 to the Management Services, effective as of January 1, 2019; and
		

		
			 
		

		
			WHEREAS, pursuant to Sections 3.5 and 13.2 of the Management Services Agreement, the Parties desire to amend the Management Services Agreement, as set forth herein.
		

		
			 
		

		
			NOW, THEREFORE,  in consideration of the premises set forth above and the respective covenants, agreements and conditions contained in this Amendment, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to amend the Management Services Agreement as set forth below.
		

		
			 
		

		
			ARTICLE I
		

		
			AMENDMENT OF MANAGEMENT SERVICES AGREEMENT
		

		
			Section 1.1      Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Management Services Agreement.
		

		
			Section 1.2      Amendment of the Management Services Agreement.  Effective as of the Effective Date, Kimbell Operating and the Manager hereby amend and restate Section 2.2(a) of the Management Services Agreement in its entirety as follows:
		

		
			“As consideration for the Services rendered hereunder, Kimbell Operating shall pay to the Manager each month, in advance, a fee that shall represent a reasonable allocation of all projected costs (including its own overhead and general and administrative costs and expenses and those of its Affiliates) to be incurred by the Manager in providing such Services and that may be adjusted pursuant to Section 3.5 (the “Services Fee”). The Services Fee for the year ending December 31, 2020 shall be $10,000 per month. For the avoidance of doubt, in no event shall the Services Fee include any Tax passed on to Kimbell Operating pursuant to Section 3.4 hereof.”
		

		
			 
		

		
			 
		

		
			

		 

		

		
			 
		

		
			ARTICLE II
		

		
			MISCELLANEOUS
		

		
			Section 2.1      Incorporation into Management Services Agreement. The terms of this Amendment shall be incorporated by reference in the Management Services Agreement as though set forth in full therein. In the event of any inconsistency between the provisions of this Amendment and any other provision of the Management Services Agreement, the terms and provisions of this Amendment shall govern and control. Except to the extent specifically amended or superseded by the terms of this Amendment, all of the provisions of the Management Services Agreement shall remain in full force and effect to the extent in effect on the date hereof. The Management Services Agreement, as modified by this Amendment, constitutes the complete agreement between Kimbell Operating and the Manager and supersedes any prior written or oral agreements, writings, communications or understandings of Kimbell Operating and the Manager with respect to the subject matter thereof.
		

		
			Section 2.2      Severability. If any provision of this Amendment is invalid, illegal or incapable of being enforced by any rule of applicable Law, or public policy, all other conditions and provisions of this Amendment shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Amendment are not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Amendment so as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Amendment are consummated as originally contemplated to the fullest extent possible.
		

		
			Section 2.3      Assignment. Neither Party may assign, transfer or otherwise alienate this Amendment or any of its rights, interests or obligations under this Amendment (whether by operation of Law or otherwise) without the consent of the other Party. Any attempted assignment, transfer or alienation in violation of this Amendment shall be null, void and ineffective.
		

		
			Section 2.4      Counterparts. This Amendment may be executed in one or more counterparts (including by facsimile or other electronic transmission), each of which shall be deemed an original, but all of which together shall constitute one instrument.
		

		
			Section 2.5      Governing Law; Jurisdiction; Waiver of Jury Trial. The Parties agree and consent to the application of the governing law, jurisdiction and waiver of jury trial provisions set forth in Section 13.8 of the Management Services Agreement in respect of this Amendment.
		

		
			[Signatures of the Parties follow on the next page.]
		

		
			 
		

		
			 
		

		
			

		 

		

			2

		

		

		
			 
		

		
			IN WITNESS WHEREOF, the Parties have executed this Amendment on the date first listed above to be effective as of the Effective Date.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						K3 ROYALTIES, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Mitch S. Wynne

				
	
					
						 

					
					
						Name:

					
					
						Mitch S. Wynne

				
	
					
						 

					
					
						Title:

					
					
						Manager

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						KIMBELL OPERATING COMPANY, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Matthew S. Daly

				
	
					
						 

					
					
						Name:

					
					
						Matthew S. Daly

				
	
					
						 

					
					
						Title:

					
					
						Chief Operating Officer

				

		
			 
		

		
			 
		

		 

		

			Signature Page to Amendment No. 3

		

		

			to Management Services AgreementEX-4.1

 Exhibit 4.1 
 

 

					
	    	 		 	
		 		 	

 MKS 
MKS INSTRUMENTS, INC. COMMON STOCK SEE REVERSE
FOR CERTAIN DEFINITIONS INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS CUSIP 55306N 10 4 
THIS CERTIFIES THAT is the owner of 
FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, NO PAR VALUE, OF 
MKS INSTRUMENTS, INC. 
transferable Certificate and only the on shares the books represented of
the Corporation hereby areby issued the holder underhereof and subject in person to the or laws by duly of The authorized Commonwealth attorney upon of Massachusetts surrender of this and Certi to the ficate article properly s of Organization
endorsed. This and By-IN laws WITNESS of the Corporation, WHEREOF, allthe as amended Corporation from has time caused to time this . This Certi Certificate ficate to be is not signed valid by unless the
facsimile countersigned signatures and of registered its duly authorized by the Transfer officers Agent and and a facsimile Registrarseal . of its corporate seal to be hereunto affixed. 
Dated: TREASURER PRESIDENT COUNTERSIGNED AMERICAN STOCK AND TRANSFER REGISTERED: & TRUST COMPANY, LLC (Brooklyn, TRANSFER New York) AGENT AND REGISTRAR By: AUTHORIZED SIGNATURE
711 ARMSTRONG LANE, COLUMBIA, TN 38401 PROOF MKS INSTRUMENTS, OF: DECEMBER 12, INC 2019 . (931) 388-3003 WO - 19000474    FACE OPERATOR: DKS SALES: HOLLY
GRONER    931-490-7660 NEW COLORS SELECTED FOR PRINTING: INTAGLIO PRINTS IN SC-3 DARK GREEN. LOGO PRINTS IN
PMS 647 BLUE. PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF:    OK AS IS    OK WITH CHANGES    MAKE CHANGES AND SEND ANOTHER PROOF 

 

 
 MKS INSTRUMENTS, INC. 
stockholder The Corporation
upon written has request, more than a copy one of class the full of stock text ofauthorized the preferences,voting to be issuedpowers, . The Corporation qualifications willand furnish special without and relative charge rights to each of the shares
of each class of stock (and any series thereof) authorized to be issued by the Corporation. 
lawsThe or regulations: following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable 
TEN COM as tenants in common

TEN ENT as tenants by entireties 
JT TEN as join tenants with right of
survivorship and not as tenants in common 
UNIF GIFT MIN ACT 
(Cust) Custodian
(Minor) under Uniform Gifts to Minors Act (State) 
Additional abbreviations may also be used though not in the above list. 
For value received, hereby sell, assign and transfer unto 
PLEASE IDENTIFYING INSERT SOCIAL
NUMBER SECURITY OF ASSIGNEE OR OTHER 
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
Shares of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint 
Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 
Dated 
(Signature) 
NOTICE: 
THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

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