Net Profits Royalties

Net Profits Royalties. Means the interests in the Subject Assets granted pursuant to those instruments set forth in Part 1 of Exhibit A attached hereto, including, but not limited to such interests constituting an undivided variable royalty interest in and to the hydrocarbons that may be produced, saved, and marketed from the Subject Assets equal to ninety percent (90%) of the net proceeds attributable to the Properties, all as further described in the instruments set forth in Attachment 1 of Exhibit A... attached hereto. View More