SEC Contract Filing

Filing Date: 2020-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.13
<SEQUENCE>3
<FILENAME>krp-20191231ex101351106.htm
<DESCRIPTION>EX-10.13
<TEXT>
<!--HTML document created with Toppan Merrill Bridge 9.5.2.4-->
<!--Created on: 2/27/2020 8:19:02 PM-->
<html>
	<head>
 <title>
 krp_Ex10_13
 </title>
	</head>
	<body><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;"></div><div style="margin-left:5.88235294117647%;margin-right:5.88235294117647%;">
 <p style="margin:0pt;text-align:right;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-weight:bold;font-size:12pt;">Exhibit 10.13</font>
 </p>
 <p style="margin:0pt;text-align:right;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-weight:bold;font-style:italic;font-size:12pt;">Executed Version</font>
 </p>
 <p style="margin:0pt;text-align:right;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">AMENDMENT NO. &nbsp;2 TO THE</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">MANAGEMENT SERVICES AGREEMENT</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">THIS AMENDMENT NO. &nbsp;2 TO THE MANAGEMENT SERVICES AGREEMENT (this &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Amendment</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) is executed on December 16, 2019, but made effective as of January 1, 2020 (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Effective Date</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) by and among Kimbell Royalty Partners, LP, a Delaware limited partnership (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Partnership</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;), Kimbell Royalty GP, LLC, a Delaware limited liability company and the general partner of the Partnership (together with the Partnership, the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Partnership Parties</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;), and Kimbell Operating Company, LLC, a Delaware limited liability company (&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Kimbell Operating</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;). The Partnership Parties and Kimbell Operating are sometimes referred to in this Amendment each as a &#x201C;Party&#x201D; and collectively as the &#x201C;Parties.&#x201D;</font>
 </p>
 <p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">W I T N E S S E T H:</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">, the Parties entered into that certain Management Services Agreement, effective as of February 8, 2017 &nbsp;(as amended, the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Management Services Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;);</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">WHEREAS</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">, the Parties entered into that certain Amendment No. 1 to the Management Services Agreement, effective as of January 1, 2019; and</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="d