TXO Partners L.P. Representing Limited Partner Interests Watch

from 8-K 107 pages Article 1 Purchase and Sale.......................................................................................... 1 Section 1.1..... Purchase and Sale.................................................................................. 1 Section 1.2..... Assets..................................................................................................... 1 Section 1.3..... Excluded Assets..................................................................................... 4 Section 1.4..... Effective Time; Proration of Costs and Revenues................................. 6 Section 1.5..... Delivery and Maintenance of Records................................................... 8 Article 2 Purchase Price.................................................................................................... 9 Section 2.1..... Purchase Price........................................................................................ 9 Section 2.2..... Adjustments to Cash Consideration....................................................... 9 Section 2.3..... Allocation of Purchase Price.................................................................. 11 Section 2.4..... Intended Tax Treatment; Allocation of Purchase Price for Tax Purposes................................................................................................ 11 Section 2.5..... Deposit.................................................................................................. 12 Article 3 Title Matters..................................................................................................... 12 Section 3.1..... Sellers’ Title.......................................................................................... 12 Section 3.2..... Certain Definitions................................................................................ 12