HomeMy WebLinkAbout0632 f . .
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• e~cecuti~oo of this Agrea~snt. ' ~
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' ~?at Opesating Ca~pany, ahall bill owsr for, aad Onasr shali pay, ~
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: aanthly, oo~eacing ooe son~h fros tLa date of the e~scution of t1iL Agree~ent,
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all coats inctucred by Operating Company in parforsing its dutiea as set fortb j
~ above. Said costs ahall iaclude, but are ~t Iimited to: iaterest at tbe ~ ;
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rate of 6'~ per annva upoa sums espended by Operatiag Caq~ay, or auch rate of
~ interest in excess of 6x per annu~ aa is f~cov time to lia~e xaquired t.o be paid~
. by Operating Campany fos tha purpoae of performiag its obligations under the ~
Agreeaent; all operati,on, developmsat, maintenanca, fermiog and othes ooata
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iacurred bq Operating Compaay; depreci,atian upon builaiags iund equipment atned F
by Operati.ng Company, and supervision e~penaes; a c6arga rapresanting Opesatiag
~ Compaay's aii.niatrative~ equipment and all otLas ovsrhead ezpeasea with respect
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to performance of Operating Companq's duties as aet forth above.
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Tbat Ovn~er ahall, for the duratioa of this Agreement, ~sslcret all .
crops upoo the laad thro~tgh Operating Cam~pa~t in accordanoa vith Operattng
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CosQany's standard maric~eting agreement, a oopy of vhich is attached hereto ss
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S~d?ibit "B" and msde a part hereof by refereaoe.
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. . zbac operacip8 Compa~? naY daveLop. fas~ and .sintain the ].aaa ~
. snd other lsnda in the vicinity aa a unit and ~osy adopt ar~y reaaonable basia
for prorating costs se betv~eea the variau o~ners of said landa. ~
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Zhat OWner hereby granta to Operating Coa~any a lien ag,aiast the- ~
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l,and descsibed in Sshibit "e" bereto, and stl crops gro~a t.bereon u sewrity
for the paym~+at of all coa~a espeadad, sarvices rendered, aad advsacasenta
sad~ by Oparstia~ Coop~ny in any wsy related to the land. Said 1Laa shall
~ i~re to t6e beaefit of Operating Ca~psny, its sviccesaors or assigns, an~d
sh~il be biadiag upoa Ovaes, their beirs, sacceasors aad assig~s. Ssid li,sn
, ahall be enforceable by an action in equity or at l,av.
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t - ~ ~ ~ $a'M ~ ' ' ti. ~ ~ -
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