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McQuaid 11.1.C/E .t. ( :o13an 1.1.0 land Lean a Contract <br />This ogrermeat, a wwrad, sets forth the terms as a 6iodiog agreement bat • ► Alb:Quaid LLC (Lessees <br />and EMIL Cogan LW (Lessor) czocvt d on this ,;1 q day ctf,1 2012. <br />The klbwing tarts are set forth: <br />1. I1to purpose of this contract permit' the Levee Me of the land mimed by the Lever for the <br />perper a of selling topsail. It grants permission to the Lessee Kt save as agent through the mining <br />pennillae pro esa had Mil** operation <br />2. The exclusive use of mineral rights is granted by the L msar to Lessee provided Lessee <br />enesplies with all relevant Federal. State. and tacit tequireneau in regards to the mining of the <br />property listed below end exists* at the time the inking is psrn*isd and implensenbal. <br />3. Ilse Iced description of the had to be milled is this 'gnomon is as fellows: <br />NE4SE4 SSE1NE4 34 -14 -71 SWiN14.1 NW4SW4 35 -14-76 <br />4. I he land will he leased at a rate ihet is a good old valuable rate basted as tops Oil sales and wilt be <br />dispersed on the 1 day of each month. <br />S. Det:aae only 10 taxes can be mined at any gieeu lime the 1.4 10101 oviettniu all rights to lease the <br />other screw to whomever they so choose for agricultural purposes. the Les= has no <br />authority to tablet without gainiag written approval boat the Lessoz. <br />6. The miring lease waved period shall be for a period of 20 years renewable annually and <br />commence on j„/ news ,2 012. Tbc terms of the lcssc my be modified 5em rime <br />to three by mutual agreement of the Leasur and Lessee. <br />• I'bc terse of this convict have heen reviewed and have been affirmed by both the Les ee and the Lessor <br />as evidenced 1, the sipaatunss below: <br />�= <br />Lessee: } <br />.� 8 r. !�` ^{ <br />Lessor <br />.McQtaid LtrC Members <br />/ P .�- <br />. <br />ii&L Coma LW <br />-1 <br />20 <br />