Instant Offer Terms and Conditions

Last updated: October 15, 2025

These Terms and Conditions are between you and SMB Royalty, LLC, including its parents, subsidiaries, and affiliates ("SMB Royalty," "we," "us," or "our").

By clicking "Agree" to these Terms and Conditions and by "accepting" an online offer from SMB Royalty, you acknowledge and agree to the following terms:

1. Required Documentation

To receive payment, you must upload your most recent and clearly legible Operator's Revenue Statement. The sufficiency, authenticity, and feasibility of any uploaded statement shall be determined solely at the discretion of SMB Royalty.

2. Ownership Representation

You represent and warrant that:

• You are the actual legal owner or legal representative of the mineral or royalty interest described in the records in the County of the subject Lands
• You are the payee or legal representative of the payee listed on the Revenue Statement.

3. Offer Approval & Title Verification

All offers are subject to:

• Final approval by SMB Royalty, its affiliates, and employees; and
• Verification of Valid and marketable title determined at the sole discretion of SMB Royalty.

SMB Royalty may revoke, adjust, or decline any offer at any time, for any reason, at its sole discretion, including but not limited to title, liens, encumbrances, disputes, or any other deficiencies if identified.

4. Consideration & Funding

Payment of the offer price, less any deductions mentioned below, will be funded within ten (10) business days after SMB Royalty's receipt of a fully executed, original, and properly notarized Deed*, provided that payment instructions have been received from Seller.

• Transactions over $5,000: Payment may be made by wire transfer or check, at Seller's election.
• Transactions under $5,000: Payment will be made by check and mailed.

5. Return of Fully executed and notarized Deed:

For closings under $20,000 we will need the fully executed Deed returned to our office before we process payment and begin the 10 business day clock.

*Payments over $20,000: We will first need A) a copy uploaded or emailed to us of the fully executed and notarized deed B) an identity verification to be determined at SMB's sole discretion including but not limited to a phone call, video conference and/or copy of driver's license uploaded to your account.

SMB Royalty reserves the right to modify the legal description on the 1st page in the executed Deed for accuracy. This right extends until the time of recording. If SMB Royalty modifies a signed Deed, we hereby agree to notify you by email with a new copy of the corrected Deed.

6. Taxes

Any ad valorem taxes owed or assessed against the conveyed interest will be deducted from the total purchase price at closing.

7. Closing Costs and Fees

For transactions under $5,000:

• Seller is responsible for postage costs to SMB's Midland, Texas office and any notary fees incurred.

For transactions over $5,000:

• Seller should contact SMB Royalty through the account portal for closing instructions and a free shipping label.

8. Privacy & Security

SMB Royalty will never request your Social Security Number in connection with an offer.

SMB Royalty agrees to keep all uploaded documents, payment details, and transaction information strictly confidential.