Exhibit 10
OIL, GAS AND MINERAL LEASE
This Agreement made this the ________ day of ___________, 2009 between the
following named persons, to-wit:
X.X.X., a Louisiana Partnership, herein represented by Xxxx Xxxxxxx, its
mailing address is X.X. Xxx 000 Xxxxxxx, Xx. 00000
HEREINAFTER referred to as LEESOR, AND
AVRO ENERGY, INC. a Nevada Corporation, its mailing address being 000 Xxxx
Xxxxxxxx, Xxxxxx Xxxxxxxxx 00000
WITNESSETH:
1. LESSOR in consideration of TEN AND NO/100 ( $ 10.00) AND OTHER GOOD AND
VALUABLE CONSIDERATIONS THE RECIEPT AND ADEQUACY OF WHICH IS HEREBY
ACKNOWLEDGED, of the royalties herein provided, and the agreement of Lessee
herein contained, hereby grants, leases and lets exclusively unto LESSEE
for the purposes of investigation, exploring, drilling and mining for and
producing oil, gas and all other minerals; and before the laying pipe
lines, building tanks and other structures thereon to produce, save, take
care of, treat, transport and own said products and for constructing roads,
easements, servitudes and privileges which may be necessary, useful or
convenient to or in connection with any operations conducted by LESSE,
thereon, said operations must be approved by Lessor, its heirs and assigns
in writing before the any operations can commence; which affect the
following described property, to-wit:
One, Two, Three and Four, (1-4) inclusive, Block One (1), Town of
Hosston, together with all abandoned alleyways and streets
Insofar and only insofar as it covers and affects the surface of the
earth and the base of the Nacatosh Formation
Together with xxxxx being Xxxxxxx Xx. 0, Xxxxxx Xx. 000000 and Xxxxxxx
Xx. 0, Xxxxxx Xx. 000000
It is understood and agreed the in the event of drilling new xxxxx, Xxxx
Xxxxxxx will have to approve of the well site location.
2. Subject to the other provisions herein contained, this lease shall be for a
period of 90 days from this date (called "primary term") and as long
thereafter as (1) oil, and gas minerals are being produced from said land
hereunder of from land; or (2) it is maintained in force in any other
manner herein provided.
3. For the consideration hereinabove stated, this lease shall remain in full
force and effect during the primary term, without any additional payment
and without Lessee being required to conduct any operations of the land
(either before or after the discovery of minerals), except to drill such
xxxxx as might be necessary to protect the land from drainage, as
hereinafter provided.
4. Notwithstanding anything to the contrary, the royalty interest provided to
Lessor its heirs and assigns, xxxxx shall be a one-fifth (1/5) royalty
interest free of all costs or burdens.
5. In the event a well or xxxxx, producing oil, gas, casinghead gas or
condensate in paying quantities should be brought in on adjacent lands not
owned by Lessor and within one hundred fifty feet of the leased premises,
Lessee shall drill a well to offset same.
6. Leesee has the right to assign this lease in whole or in part and provided
Lessor consents in writing to the same. However, it does not relieve or
discharge Lessee of any of the obligations expressed between Lessor and
Lessee.
7. Lessee agrees to indemnify and hold Lessor harmless from any and all loss,
damage, injury and liability of every kind and nature that may be caused by
its operations or result from the exercise of the rights and privileges
herein granted. Lessee agrees to be responsible for the damages done to
growing timber, crops, fences, water and land. Lessee further agrees that
upon termination of this lease, it will reasonably restore the premises as
nearly as possible to their present condition.
8. Notwithstanding anything to the contrary herein contained, any acreage
which may be held by Lessee, its successor or assigns at the end of the
primary term by production of oil or gas under terms and conditions
provided in this lease shall be held only to a depth of 100 feet below the
strategic equivalent of the base of the deepest horizon established for
production of oil or gas in paying quantities during the primary term.
Lessor reserves all oil, gas and other hydrocarbon minerals below aforesaid
depth after the end of the primary term of this lease. Lessee shall have
the right to retain only the site in which said xxxxx are producing, being
worked on, or drilling hereunder. This lease shall be maintained only by
continuous production, reworking operations and/or maintaining said lease
in paying quantities as defined under the Louisiana Mineral Code. If there
in no production, re-working operations conducted on said lease or
maintenance of said lease in paying quantities for a period of sixty days
or more, said lease shall ipso fact cancel and all rights revert back to
Lessor. Lessor, its heirs and assigns, after sixty days, shall have a lien
privilege against any equipment left on said property and said equipment
revert to Lessor.
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9. Notwithstanding the death of any party Lessor, or his successor in
interest, the payment or tender of all sums accruing hereunder in the
manner provided above shall be binding on the heirs, executors, and
administrators of such a person.
10. Lessor does not warrant title to said lands described herein and does not
agree to defend title to said land.
11. This lease shall be binding upon all who execute it, whether or not named
in the body hereof as Lessor, and without regard to whether this
instrument, or any copy thereof, shall be executed by any other Lessor
named above.
THUS DONE AND SIGNED, on this the __________ day of ____________, 2009, in the
presence of the undersigned and competent witnesses and me, Notary Public, after
reading of the whole.
WITNESSES: Lessor:
X.X.X.
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Xxxx Xxxxxxx
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Notary Public
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