| LL&E Royalty Trust (the Trust) was created pursuant to a Trust Agreement (the Trust Agreement) between The Louisiana Land and Exploration Company and First City National Bank of Houston. The Bank of New York Trust Company, N.A. serves as the Trustee. The Trust is passive, with the Trustee, having only such powers as are necessary for the collection and distribution of revenues resulting from the Royalties, the payment of Trust liabilities and the conservation and protection of the Trust estate. The Trustee holds the Royalties pursuant to the terms of the Trust Agreement. |
