HomeMy WebLinkAbout0313 t~c.:_~,:a - ~ ~w+.i ~>n
.
This i~~t:'t,~.^"+ ~ r-r~radby:
Rict:a:,:. : _ F''
4~6: ~ :~°.s~o:. :~i.a
~:oi
Jacksou,~:?sslssiFpi 3921~
ie L t~ lnunum ot t...or .na c,n.e. enu cnu w,e .e.n .ue ~aa~. .aa teere b ncr.e~ cn:~ueea. a.niw. tr.,.e .ea Nt. tor cn. vo+oow ~ne coouaer~um
AerMe N~UA. ~U ldt Lad e~OW Or eLlmtd 41 LASaor. WhatIIt ef OOOt~[~o~ b lM I~OA WrtlcWarlT d!x*lOeQ ~Dor~. ~MtAt~ t1M r~1 M 10 K!/ ~eetlaa et a~[ctfa0~,
tnst or ~tanta. ar Iq ~d)aqat MctSOa~ o~ ~ran4. ~ltLw~A net fadyd~A ~ltp~p l6e ppucWari~q d t~~ land partleuLN) ApctWW ~b~~ l~or tM p~ryqt at df{ttmlp/o~
^ ` f. '
ttu ~mount d W moeq O~ament tweuaA~r. tAe 1~nAa Mreln dMer~ead alWl be tmtW u eomprts~n~ ~ 2..~_~. aera. ~MNrt t6en !e eon
- or lu~. ~04 In tM ~Nat d• V~rttal wtimen~ or surttaNr btre~odtr. pr aMlieid er wrren0ered vortim or Dwtlau ah~ll b dMdsA b ceotaln th~ eY~Oet o[ ~crN
wcW In aeA ~WSnaot or wrreneer.
Subieet to t6e othtr Drovi~bru hercia conuiacd. tAi~ leare ~ba11 be tor t trtm of ten >e~n from this date (ulled "Drimar~r terni') •nd L IO~It
tAereatter u oil, tas or ot6er miner~l i~ produced from said I~sd or land~ wiW which said land is pooled htrrunde~.
?At rof~lties W be pald b~ Laa~ee are~ oh oil, one-ei~htl~ of tP.~t produeed and s~vrd lrom said land, tAe ~ame to p~ dtlirercd at the ~ella or
to tLe eredit o! l.asbc inW t6e pipe Iiae W whicA the ~relY rna> De eonaeeted: Lesaee ma~ trum time to ume pnrchase any rnyalt~ oil in iq pwrssios, E
D~rius lbe etu4et prioe Werefor ore~ailia~ toe tLe (ield ~here produtad oo the dwte ot Durehas~, in eitA.r ease ~ueh ietcrest to 4rar iu proportiue of any
eapensr of trewt~nf unenercAantaple oil to render it mercAaotable af [rude; ~E) on tu, ir.eiudmt euin~Aead Gq o~ otAer ~aseo~r suDetancr. pralueed
trom qid land and wld ot v~ed otf the Drem~w or in t6e m~~ut~etute o( ~asoGne or ot6~r produat there(rom, tl~e market value at tAe ~ell of
one-ei~Ath af tAe sa~ W fOIQ or weQ provided tAat on ~u wId at tAe ~relb tAe royaity sAall be on~-eisbtb ot tAe aaauet realiaed itw~ •ueh ~ale:
~rAere ~as trom • cu ~etl ia wt w1d or used. I.an~e mar Dar as ro7a14 i100.00 pe~ rell per ycar and it aueA pay~ncnt i~ made it ~sill se tonaidered that
su iu lxin~ Druduccd withie tl~e meanin~ o[ P~rasrapb 2 l~enot; a~d Ie) on all otAer mincr~la mined ~nd msrkcvd, one-t.nt9 eitAer in Yind or ralue
at the wcll or mire, al I.ef~le~ lIKt100. eiupt that oa ~ulpAut miecd and market~d, the toy~lty ~Aall De fifRT centa ~SOe1 Der bnt too. I,easee sMll bave
tler ute ut oil, tiu, eoa1. +rood •ad iater ftan ~aid lind, e:eept ~ater lmin I,eqor'• vrella, (or all opcratioas hereunder, and tAe w1a1tT oe oil. ~u tad
ewl •Aall be eomputed a[ur deductiaj ao~ v~ uscd_ LesWr ~ha11 Aaoe lAe yrivilese ~t his rrk ~nd e~p~n~e o[ uslnr `u from any ~as veil on uid
land for ~Wro aud inide ?ijEb in tha prineipal drellin= thereoa ont ot an~ ~YfpIW so not needed tor oprntioeu l.rrcundrr.
Lasan. ~t iL optioa, r~ereE~ ti~en the ri~ht aad powa fo paot or comsine thr ~en~~e covered E~ tAu lea~e or any p07iWR U:~r.~o! i~ith otAer
IanA, leue or lea~n in tAe iiaeneJwte vieio~ty tl+ereot. ~hea in I,e~aee't judtme~K it i~ ncc.yaarr or •d~wbie to b~o in order propcrty to drveloD •nd op-
rrate uid pnmi~es in eomD~wnee wit6 aer la~rful ~p~eins rals whic6 au~ be prescribed tor t9e f~e2d ~n wA~ch this le~~e n situated py •ny Jul~ auUwriud
~uthorib, o~ wAen to do w sould, ia the iudsmeat ot Lesaee, promote tAe eonscrvation o! the oil •nd eu m aad uacier eod tAat mq De prodcocd {ro~
a~id peemiew. I,aree ~Aall e~ecute in R'ritinP ~a in~tturoent Wentilyint ~Ad deseribin! the pc.o{rd ~ena~e. Th. entirc serraze so pooled ir.W a tr?et or uait
~6a11 bt trt~ted, [or ~II purposes exerpt the D~s~uent ot rqaltie~ oa Druduetion lrom the puulcd un~t, u if it were inaladrd 1n tLi~ leasr. lt pro~tuttiun i found
~n the pooled atrt~Ce, it •Aall be treadd ae i! Droductien i~ Ead trom tAq Itasa whetAer the w~i! or w~rlk be lucatrd on the pr.~m~s.~ cooeted C~ q~i~ Icase or
noR la liea ot the royaltie~ ebewhere here:n speci(~ed, Lc~sor shall reeeive on prodection lrum a un~f w µ~uled only weh porG~,n o[ tEe myalty itipuiated
Aereia aa the imount ot hi~ ~erayse pl~eed in tl~e unit or hir royalqr intere~t tArrein on aa ure~~r bwsi~ De~n W thc Wtal aeresse so pouled ~n tAe particular
unit involrcd.
L. It opentiou~ [os drilliat are not coewaaenced on aid Isnd or on ~erayte pouled thr.er~itA aa •h;.e pro.~ided on or Eefure one reu trom thi~ d~tt
tAe lease a~all tlua ternaiaate u W both Darues, unkas op or betore •ueh annirers~r~ date 7..uee •hall p~r or trnd~r W I.cuwr or to the credit ot La~wr
} i e • .,s J _ . . ~
in - ---''t-Y~---«ti~_c._r__ ~':..d;_:'~i--- - - B~nk at _ _.t.. -i ie= c,~: - ----•Fbrida
~wSicA baak aad iL ~utoe~on are I.eisor'• ~~ent •nd ~hall eoetinue y the deyosiWr~ !or ~11 ror,talf D~Table hercvnder rKardles~ of edaa~ in o~otralip
a• • .
o[~aid4ndortLerea4b)tLe~amot~--~~'-? °,:''.,':^t?'O :~~^i.`_FI:{3 T1'I1? ':tth"~T8'~ f~~i'-~,`.f`J {_~.'J~Z~Q~
' r - - - - - - - Hat~
If_ :'_Z 1.' ! l !~L (dereie ulled rentall, whieh ~hall to~er tDe pririleQe of deferri~R cemmrncemcnt of d~illint opentioui for a period o!
twelve {12) mont}u. ie Uke mannar and upoe like payme~ts or teaden aaa~allT thr oomme~cemrnt ot dnl!in~ oyeratwm mnr be turtAer de(erred tor ~ne-
ceLire period~ ot t~rtl~e (lY? montlr e~eh duria~ tAe primary t~tm. ?Ae ~~ment or tend~•r of reneal mey be rnade by the eberle or dnft ot l.c~ee ailed
or delivered b I.eswr or to wid Eank oe or Eefote ~ucA datr o! pa7~nR It ~oeb Eahk for •ny weeeawr bankl ~hould ful, Iinuidt4 or bt sueeeeded e~ an.
vtAer Eaak. or lor ae1 re,w~ fail or re(we to ~ecept reatal. I.ewee ~~al1 uot be hcld in dr/ault f~r failun to enakc sueh D~Ymcnt or teader ot renfal nadl
tl~irt~ (301 dan •[ter L.eswr ~Aall dtli.er to l.eret • proper teoord~ble imtrument, n~mint ~rotl,rr hank as asent W ree-i.e ~uch payeemb o[ ten~tis. 7'\e
down w~ pa~meat i~ eonsid~ratioa for thb )eax acrordins fo ?b ternr ~nd ~h~li oot be •fi~.ea;eA ~s mere r.-ntal for a prriod I,ea~ee ma~ at a~~ tiee
or t.ms e:eeute ¦nd delirer W L.s~or or W the d~p.niwry abo~e named or ylae~ of r.cord a rele~~e or r-!ra~~a eo~er~ns aay prrtioa or poriion~ of the ~bo~e de-
scribed premwer aa4 tDerep> ~urnnJer t6i? le~~e ~ W~ueh portbn or portior.a ~ad be rcl~.•~.•A ~,t ¦t! ~~Gl~xati.,ru u to tAe acrea~e wrreadered„ ~ad Nert-
aftet the nntab p~7~sle ?ere~oEer ~b~ll be rcduced ia tAe proportiop that the xrefYe cuvrr.d hrreb•r u ec.luce.f Ay uid r.teue or releaM.
i• 1[ D?ior to di~torenl of oil. Qu or other mieeral on uid land or on ~,u~a[e puol,e.1 tnrrrwlth Lva;~w shuuld drifl • dr~ Aole w Aole~ Wereo~ or if
•[ter di~coveq ol oil, [as or other miner~l. t6~ Druduction thereo( •hould eeve from •nr c~uae. thn tru~ anwll no!- t.rrnrnate it Lisue tomp~ent.y adjftbpal
dritlin~ or revrorkins operatiuo~ withia 60 da~~ there~f:er or it it Ee ~rit6in tAe Drirnar~ term, cumn:rnce~s ~~r reeumo the qarmvet or tender of reetab or tdn-
meoees opentwn~ f~r dtillins or re~?or~1n~ on or pefore tAe rental pa~iat datc nect eniueni aRrr thr rapirition o! EO daY~ trom date of eaa~latio~ ot ~rg
hole or eeMateue o! produttioe. If ~t anT time ~uMeqve~t b~l:t~ 1~0) d~~ prior to tl~e I+eQinnin~ of th~ i~st rear o! the pnmary term and prior W tAe dis-
corer~ o! oil, ju or otAer miae»l oe uid land, or on eerease poo)ed tLerewitb. Iwssee ~hould drill a dry Aotc tt~ereon. no r<•ntal p~ym~nt or operationa sre
necwar~ in order W keey the lea.e ~n foree durin~ the remaindn ot the yrimar~ term. I( at the exyir~twn o[ tAe Drimary urm, oi~, ~aa or other mia.
er~l i~ not Deint Drodueed on wid land, or on ure~Re pooled tAerr~ith, but I.easee is then rn~a~ed in dri!lins ar rewor~in[ oprration~ tAer~oa or slalt Moe
eomplrted • dry hole tD~reon with~n si~t! 160r daT~ Drior W the ~nd o[ the Primary t~rm. tF~e lea:e ~hall remafn in forec w ton= u uper~latu ar_ pt~wee~b
ed w1tA ws •~r~tion ot ~no~• te~n •iaa~ ICO~ eon~ecutiv~ dari, ~ad i[ tbe~ tesult ip the produetion o! o~l. ~u o~ otAer mineral, w lont li:ereatter aa oll, Su ~
or otl~er mineral i~ produetd from aaid l~ad or acreaee pooled therewitd In the t~~ent ~ w~Ii nr ~ce:4 t•:~ductat ofl ut ~u ie pa~ins vu~et~WS aDould ?e ~
Drou~Al ie on ~djaeeat Lnd ~pd within ooe 6undrcd !i!b (IiO~ frlt o( ~qd dr~ioin= t6e kurd prcr.:~fes, or acrtase pooir~ therc~itA, I,esiee ~c~ee~ ~p ~
drill weA otfset wdb y a reawoabt~ pcudeet uper~Wr wwtd dril ~ader tbe u~ae or similar etreum~tanna k
1. I.eree sAaU Sare the riiAt ~t •ny time durins or at4r tM tapintba o[ tAi~ leu~ tn ra:nove •11 propert> •nd fiitures plac.d A~ Les%ee on ~ald
[~ed, fattudini tAe ~i=ht to Qraw aad rmore a!1 wiar. N~tA rpafrad M l,e~~or. I.c~ee ~il! Dur~ •It DiD~ linei bclov ordiaat~r plow depth, aad ao well '
~Aall be drilled oithfa t~?o ~vndred fY001 teet of aa~ residenee or b~rn oo~ on uid tand writh:•~t L<swr'• eona~nt. (,esee •~all 1,e re~punsible for at1 p
duna[~+ ut~ed S7 I.ea~ee'~ op~rstions Aeraunder other tlra damates sace~saril~ uw~~ Dy the e¦er:ne of the ri~At~ Aercin Qr~~!.A.
~ TAt ri~hts ot eit6et D~rts hereundcr ~n~r be ~ssiseed i~ wsole or ia part, anA thr pro.e+~ona hereof ah~l1 e~tend tu tteir Aein. •ueccron •od
wisn~: Eut no eAans~ or diri~ion le ornenAep of tAe I~nd, re~t~b or rv~alGa, Aowerer ~[compl~s!~ed sA~ll oper~te to enlu~e tl~e obti~ations or dlminiuA
tJ~ ri~hL ot l,nsee: and no ebar.te or divi~~~n ie u~rh ownetw6ip ~h~lt be 6indie~ on I,eaere antit tD:rtT ~30~ cfays elter I.e~~ee ~Aal! harr b~~.n )~~nuhrd pr
resukred U. S. eaail N I.es~K ~ pt~ac7p~l plue ot Eu~ia~Y nit6 • eeRilied copf o[ rec~~r~e.i ~n~trument or i~~trumenu evi3entinr nma Ie the event ot
witemtat AtrMf in ~rhole or in D~?t liabil~t~ for breacb ot an~ oAtisatioa Dtrcunder ~hall rmt r.el~siscSy u=+oe thr owner of tAis lea~e ~r ot a portioa tAera
of wso eommip weA bre~eA. la tAe evcat ot the dhth a( ~a~ perw~ eatitled eo rentab bereunder, l.e~se. m~~ pa~ or ter.cler ~~:er r~n4Is te the iredit o!
tht dtte~sed or tAe e~tate of tht deceutd unti! ~ucs time N I.ewer b IoniLbed ~tth pro~er e.id~n~e of tl~e •ppoiotmrnt ~nd avwlit:catw~s of aw e:eeotqr or
sAminitraWr ot tAe es4te, or ff thcre be none, NeA ootil l.e~sat i~ farai~bed w~t? evidence utrtacwry to it u to ~he he~n or deruee. of the decereA, anA
tAat af1 debb of tbe e~tate 6are Eeen p~id• Il ~t ~n1 Uoe two or aort u~ 6e ~otitled W D~rtufpat.~ in the rr~tal paf~ak ~ereunder, Lcsaee mq Ms u?
u
teader ~afd n~tal joiatl~ W~veA ye»ona or w their ioial endit i~ tLa itw~ eamed Seretn : ur. ~t I.ewec i eteetwn. the proport~~nate part ot uid natal
to wikA t~e~ Dariiciy~nt L entitied ma7 De pa{d pr kadered fo lis nyar~teb or to Ai~ ~epsr~te crrd+t in ~~i.f dcpoe~tory :•~d Dayrnen! ur traJn to aa1
Pattitipant o( si~ portioe of tl~e rrp4b ?erevnder s?ail eesinLi~ tAb k~Ye ~s to ~ueh D?rtieipant. [n .~ent of us~~nmrot of thr Irue u 4> a iK~~L~ted por.
tba ot ~aN lud, tlie reetaL p~~~ple hereuader ~h~U De aPporlia~aN~ r?et~eeo tLe ~er~r~l tfu~hotd uwnen ra4bly acc..rdin~ to th~ r~irfae~ •rea of e~cA,
sad def~alt 1~ renta! payme~t 01 one ~4~11 eot •([~et tM ~iN ot atb~r kYtbol~ owntn hereur.~ier. I[ ~ie or more p~rt~r~ Mc~,me enUUcd to rol~lb ?ere~.
oader. I.~~e w~ ~itLlqW pa~ment thereof unls~ u1 ont0 t~nYMi ~it~ a r~tordabk instrumeet uecuted As all ~nc~ pannr 3e~~e~t~et ae keat te ra+
eehe w~e~t Ier ~It. ^ ~
~ r , e~ r~
800~? ~11Cf J~J ~
~~~~i~ii~~.~~°~ - , . . ..~~e+ ..Y~:;
~