As requested by other memebers I am posting an exact copy of the "Limited Term Royalty Conveyance" contract that was sent to me.  The man I spoke to said that if anything happens and I do end up getting royalties this contract stays in effect forever or until the well runs dry.  It appears to me that this contract is for MORE than just this oil and gas lease and it appears that it is a forever contract on my mineral rights.  Could someone who knows what they are reading comment.  To save space I have taken out space between paragraphs and also taken out the name of the company that wrote this so that I don't get into trouble.

TERM ROYALTY CONVEYANCE

            This Term Royalty Conveyance (the “Conveyance”), by and between               , whose mailing address is                        , hereinafter referred to as “Grantor”, and ___________________whose mailing address is _____________________, hereinafter referred to as “Grantee.”

 WITNESSETH that, for and in consideration of Ten Dollars ($10.00) and other valuable consideration the receipt and sufficiency of which is acknowledged, Grantor does hereby grant, transfer and convey unto Grantee, in the following described lands all of the interest hereafter described in the Oil, natural gas and associated liquids or liquefiable hydrocarbons (the “Subject Minerals”) whatever nature or kind, in, under, and that may be produced from the lands (the "Lands"), described as follows to-wit:

 PROPERTY DESCRIPTION

And being the same property described in that certain Oil & Gas Lease recorded at Book       , Page     , of the records of             County, Ohio.

 It is the intention of Grantor to convey and Grantor does hereby convey unto Grantee by this instrument a 1/8^th royalty interest in and to    .00 acres (being 1/8^th of 8/8ths of any Subject Minerals) from the above described property.

 This Term Royalty Conveyance shall remain in full force and effect for so long as that certain Lease (the “Subject Lease”) dated            , 2010, and recorded in Book      at page     , between       , as Lessor and          , as Lessee, or any extension or replacement of the Subject Lease granted by the Grantor herein, or their heirs, personal representatives, successors and/or assigns, remains in full force and effect. In the event that the Subject Lease is terminated, surrendered, cancelled, released or is otherwise determined to be no longer valid at any time before the primary term or any extensions thereof or the secondary term of the Subject Lease would otherwise expire, then the grant contained in this Term Royalty Conveyance shall apply to any lease or leases granted by Grantor or their heirs, personal representatives, successors and/or assigns within three years after the Subject Lease ceases to be valid.

 This sale and transfer is made and accepted, subject to any valid oil, gas, and mineral lease now affecting said Lands, but the royalties herein described shall be delivered and/or paid to the Grantee out of and deducted from the royalties reserved to the lessor in said lease.  This sale and transfer, however, is not limited to royalties accruing under the lease presently affecting said Lands, but the rights herein granted are and shall remain a charge and burden on the Lands herein described, and binding on any future owners or lessees of said Lands and, in the event of the termination of the present lease, said royalties shall be delivered and/or paid out of the whole of any oil, gas, or minerals produced from said Lands by the owner, lessee, or anyone else operating thereon.  Grantor, or any future owners shall not execute a future Oil and Gas Lease on all or any portion of the Lands with a royalty rate of less than 12.5% while this Conveyance is in effect. 

 It is the intent of Grantor, and agreed to by Grantee, that the undivided interest conveyed by this conveyance is a term royalty interest only. The interest created and transferred by this instrument is a non-participating royalty interest and by this conveyance, Grantee acquires no executive rights, which include Grantee not having rights to any payments of bonus consideration or delay rentals, nor the right to negotiate or execute any oil and gas leases on the Lands. Said rights are expressly retained and reserved unto Grantor herein.

   TO HAVE AND TO HOLD the above described property and interest, with all and singular the rights, privileges, and appurtenances thereunto or in any wise belonging to the said Grantee and to Grantee’s successors, personal representatives, administrators, executors and assigns for the relevant term.

     Grantor warrants that the Subject Lease is current, active and valid, Furthermore, Grantor binds itself and its heirs, personal representatives, successors and assigns to warrant and forever defend all and singular the conveyed Royalty Interest to Grantee and Grantee’s heirs, personal representatives, successors and assigns against every person lawfully claiming all or part of the Royalty, subject to the provision stated above.  Grantor agrees to execute such further assurances as may be reasonably requested or required to allow Grantee full use and enjoyment of the royalty interest conveyed and Grantor agrees not to challenge the validity or continued existence of the Subject Lease.     

 THIS INSTRUMENT IS A ROYALTY CONVEYANCE, NOT AN OIL AND GAS LEASE OR A TOP LEASE.