Unassociated Document


    COAL
      LEASE

    Made
      and
      executed as of July 11, 2007, by and between Ronald A. Mancabelli,
of  and Margery S. Mancabelli, of 205
      Stewart Street, Saltsburg, PA  15681 (“Lessors”), and One
      World Energy Corporation, a Nevada corporation, having offices in
      Henderson, Nevada (“Lessee”).

    WHEREAS,
      Lessors are the owners of  certain pieces, parcels or tracts of land
      (“the premises”), containing approximately 86.64 acres in two contiguous
      parcels, located in Conemaugh Township, Indiana County, Pennsylvania, more
      fully
      described on Exhibit A attached hereto and made part hereof; and

    WHEREAS,
      Lessors desire to lease and demise the premises to Lessee, and Lessee desires
      to
      take and hire same from Lessors, for the purpose of mining and removing coal
      of
      the Pittsburgh and Redstone seams or veins of coal by the strip mining
      method.

    NOW,
      THIS COAL LEASE (“this Lease”), WITNESSETH, that Lessors and Lessee
      hereby covenant and agree as follows:

    Article
      I

    Grant
      - Term

    1.01.  Lessors
      hereby lease and demise unto Lessee, and Lessee hereby takes and hires from
      Lessors, for the sole purpose of mining and removing coal of the Pittsburgh,
      and
      Redstone seams or veins of coal by the strip mining method, the premises, being
      those certain pieces, parcels or tracts of land located in in Conemaugh
      Township, Indiana County, , more particularly described on Exhibit A attached
      hereto and made part hereof.

    1.02.  This
      Lease shall commence on the date first above written, and, unless sooner
      terminated pursuant to any provision hereof, shall remain in force for three
      years or until the announced exhaustion of all coal of the Pittsburgh, and
      Redstone seams or veins underlying the premises which are commercially mineable
      by the strip mining method.

    Article
      II

    Production
      Royalties

    2.01.  As
      royalty for the coal mined and produced hereunder, Lessee shall pay unto Lessors
      the sum equal to the greater of (i) ten percent (10%) of the selling price
      of
      the coal, fob pit, received by Lessee in an arms’ length sale of the coal, or
      (ii) two dollars ($2.00) per net ton of coal mined and
      produced.  Provided, however, that if Lessee disposes of the coal
      other than in an arms’ length sale, i.e., by selling it to a related
      person or entity, the royalty shall be the sum equal to the greater of (i)
      ten
      percent (10%) of the market value of the coal, fob pit (i.e., the
      price, fob pit, for which the coal would be sold between unrelated parties
      in
      the location of the premises, or (ii) two dollars and ten cents ($2.10) per
      net
      ton of coal mined and produced.

    2.02.  Lessee
      shall pay all production royalties on or before the 25th day of
      the
      calendar month following the month in which the coal for which payment is made
      is produced.  Payment shall be made by check directed to Lessors at
      the address set forth in Paragraph 8.03.

    2.03.  In
      order that Lessors may determine that they have been paid all production
      royalties to which they are entitled under the terms hereof, Lessee agrees
      to
      keep full and accurate records, including books of account, weigh bills and
      invoices to purchasers of coal mined and produced hereunder, which fully
      disclose the tonnage of coal mined and produced, and the purchase price received
      by Lessee therefor.  Such records shall be available for inspection by
      Lessors or Lessors’ duly authorized agent during regular business hours upon 5
      days’ notice from Lessors that they desire to make such an
      inspection.

    Article
      III

    Advance
      and Minimum Royalties

    3.01.  Upon
      the signing of this Lessee shall pay unto Lessors an advance royalty in the
      amount of three thousand dollars, which Lessee shall pay unto Lessors within
      sixty days from the signing of this contract, and 2500 restricted shares of
      Inform Worldwide Holdings.

    3.02.  Beginning
      on July 11, 2008, and thereafter on the first day of each and every calendar
      month thereafter so long as this Lease remains in effect, Lessee shall pay
      unto
      Lessors a monthly minimum royalty in the amount of twenty five dollars
      ($25.00).

    3.03.  Lessee
      shall be entitled to a credit against the production royalties due Lessors
      pursuant to Paragraph 2.01 for the advance royalty paid pursuant to Paragraph
      3.01 and all minimum royalties previously paid pursuant to Paragraph
      3.02.  When Lessee establishes production, and a production royalty is
      due Lessors pursuant to Paragraph 2.01, Lessee shall be entitled to take as
      a
      credit against payment of the production royalty all sums previously paid and
      accumulated as set forth in the preceding sentence.  In the event the
      amount of the production royalty does not fully absorb all sums previously
      paid
      and accumulated, Lessee may carry forward any unused credit for advance and
      minimum royalties to be applied on the next date at which a production royalty
      is due.  Provided, however, that Lessee shall nevertheless be required
      to make the monthly minimum royalty payment provided in Paragraph 3.02 on the
      first day of each and every subsequent calendar month regardless of whether
      Lessee has to its credit sums previously paid and accumulated; it being the
      intent of this sentence that, beginning with July 11, 2008, Lessors shall
      receive a minimum payment of twenty five dollars ($25.00) per month so long
      as
      this Lease remains in effect.

    Article
      IV

    Permitting
      Requirements - Compliance with Law

    4.01.  Lessee
      shall be responsible, at its sole cost and expense, to apply for and procure
      all
      licenses and permits required by the United States of America, the Commonwealth
      of Pennsylvania, and any local governmental unit, in connection with the mining
      and stripping operations which the parties intend for Lessee to conduct upon
      the
      premises.  Lessee shall be further responsible to acquire all
      necessary bonds required by the United States of America, the Commonwealth
      of
      Pennsylvania, and any local governmental unit, in connection with Lessee’s use
      of any public road, highway or infrastructure.  Lessors agree to
      execute any consents which Lessee may require in connection with any license
      or
      permit application, including but not limited to the Supplemental C normally
      required by the Commonwealth of Pennsylvania, Department of Environmental
      Protection.

    4.02.  Lessee
      agrees to conduct its operations upon the premises in compliance with all
      applicable laws, ordinances, rules and regulations of the United States of
      America, the Commonwealth of Pennsylvania and any local government unit having
      jurisdiction over the premises.  Lessee further agrees to indemnify
      Lessors, and to hold Lessors and their heirs, executors, administrators and
      assigns fully harmless of and from any liability for such violation and of
      and
      from any fine, penalty or cost associated therewith.  Nothing herein
      contained shall preclude Lessee from challenging the validity or applicability
      of any such law, ordinance, rule or regulation before any court or tribunal
      having jurisdiction of such contest, provided that Lessee (i) pays all cost,
      expenses, filing fees and attorney and expert witness fees associated with
      such
      contest, (ii) abides by the final judgment of such court or tribunal unless
      Lessee takes a timely appeal therefrom, and (iii) continues to indemnify Lessors
      and hold Lessors harmless hereunder.

    4.03.  Following
      the completion of Lessee’s stripping operations under this Lease, Lessee agrees
      to backfill, restore and replant the premises in accordance with all laws,
      ordinances, rules and regulations of the United States of America, the
      Commonwealth of Pennsylvania and any local government unit having jurisdiction
      over the premises.  In order to enable Lessee to fulfill this
      obligation, Lessors agree to grant unto Lessee such rights of ingress, egress
      and regress in, across and from the premises as Lessee may require. Lessor
      owns
      and operate a tree farm. Any haul road that crosses through the tree farm must
      be kept in good operational condition while used by Lessee, at the cost of
      Lessee.

    Article
      V

    Insurance
      - Indemnification

    5.01.  Lessee
      shall, at its sole cost and expense, maintain public liability and property
      damage insurance, which shall include motor vehicle liability, which shall
      insure against any liability to any person, partnership, firm, corporation
      or
      entity, public or private, arising from any activity conducted or condition
      or
      use maintained by Lessee under this Lease.  Such insurance shall have
      minimum limits in the amount of one million dollars ($1,000,000.00), and shall
      name Lessors as additional insureds as their interest may
      appear.  Prior to entering upon the premises pursuant to this Lease,
      Lessee shall provide Lessors with a certificate from the insurer that the
      insurance required by this Paragraph is in effect, which certificate shall
      require not less than thirty (30) days’ notice to Lessors in the event of change
      or cancellation of the coverage.

    5.02.  Lessee
      shall, at its sole cost and expense, maintain appropriate workers’ compensation,
      unemployment compensation, Black Lung and other occupational disease insurance
      covering all employees engaged in any activities connected with this
      Lease.  Prior to entering upon the premises pursuant to this Lease,
      Lessee shall provide Lessors with a certificate from the insurer that the
      insurance required by this Paragraph is in effect, which certificate shall
      require not less than thirty (30) days’ notice to Lessors in the event of change
      or cancellation of the coverage.

    5.03.  Lessee
      agrees to indemnify Lessors, and to hold Lessors and their heirs, executors,
      administrators and assigns fully harmless of and from any liability to any
      person, partnership, firm, corporation or entity, public or private, arising
      from any activity conducted or condition or use maintained by Lessee upon the
      premises or under this Lease, regardless of whether Lessee is negligent or
      otherwise at fault in causing such injury or damage.

    Article
      VI

    Default
      - Lessors’ Remedies

    6.01.  The
      following shall be acts of default by Lessee hereunder:

    (a)
      Failure to pay when due any advance, minimum or production royalty due pursuant
      to Articles II and III,

    (b)
      Failure to maintain insurance as required by Paragraphs 5.01 and
      5.02,

    (c)
      Violation by Lessee, in connection with its activities upon the premises, of
      any
      applicable federal, state or local law, ordinance, rule or
      regulation.

    6.02.  In
      the event Lessee commits an act of default as defined in Paragraph 6.01, Lessors
      may give Lessee notice, directed to the Lessee’s address set forth in Paragraph
      8.03, specifying the particulars of the default.  Lessee shall fully
      correct and remedy the default within thirty (30) days of receipt of the
      notice.

    6.03.  If,
      following receipt of notice of a default, Lessee fails to fully correct and
      remedy the default within the time provided in Paragraph 6.02, Lessors may
      avail
      themselves of the following remedies:

    (a)
      Bring
      an action in any court of competent jurisdiction to recover a money judgment
      for
      any monies owed Lessors by Lessee hereunder, and

    (b)
      Declare this Lease to be terminated and, upon an additional thirty (30) days’
notice to Lessee, bring an action in ejectment in the Court of Common Pleas
      of
      Indiana County, Pennsylvania, to obtain judgment in ejectment and to recover
      possession of the premises.

    The
      use
      of either of the remedies set forth in subparagraphs (a) and (b) shall not
      be
      deemed an election of remedies, and shall not preclude Lessors from also using
      the other remedy.

    Article
      VII

    Assignment
      - Subletting

    7.01.  Lessee
      shall not assign this Lease, nor sublet the premises or any part thereof,
      without first having received the written consent of Lessors, which consent
      Lessors shall not unreasonably withhold.

    Article
      VIII

    Miscellaneous

    8.01.  This
      Lease shall be governed and construed in accordance with the law of the
      Commonwealth of Pennsylvania.

    8.02.  This
      Lease may be executed in multiple copies, each of which shall have the effect
      of
      an original and all of which together shall be considered the same
      instrument.

    8.03.  Notices
      required to be given by one party to the other shall be given by first class
      mail, postage prepaid, addressed as f ollows:

    To
      Lessors at:

    Ronald
      A
      Mancabelli and Margery S. Mancabelli

    205
      Stewart Street, Saltsburg, PA  15681

    


    To
      Lessee
      at:

    One
      World
      Energy Corporation

    2501
      North Green Valley
      Parkway

    Suite
      110

    Henderson,
      Nevada, 89014

    


    8.04.  This
      Lease shall not be recorded in the Office of the Recorder of Deeds of Indiana
      County, Pennsylvania, nor in any other office of public record.  The
      parties shall execute, and Lessee may record, a memorandum containing only
      the
      information specified at 21 P.S. Section 405.

    8.05.  Each
      party has had independent legal representation in the negotiation, drafting
      and
      execution of this Lease.  No inference or presumption shall exist in
      favor of or against either party as a result of that party’s attorney’s role in
      the drafting of this Lease.

    8.06.  This
      Lease shall be binding upon, and its benefits shall inure to, the heirs,
      executors, administrators, successors and assigns of Lessors and Lessee;
      provided, however, that this provision shall not be deemed to permit Lessee
      to
      assign this Lease nor sublet the premises in contravention of Paragraph
      7.01.

    8.07                      Any
      marketable timber or firewood encountered by leasee while in the process of
      strip mining (as approved by Lessor) will be paid for as follows; with 50/50
      division on net proceeds from the sales price of timber at the mining site,
      firewood would have 75% of proceeds from final sale at mine to One World Energy
      Corporation, with the remainder to the Lessors.

    INTENDING
      TO BE LEGALLY BOUND, Lessors and Lessee have signed this Lease this day
      and year first above written.

    ___/s/
      Ronald A Mancabelli___

    Ronald
      A Mancabelli

    


    ___/s/
      Margery S. Mancabelli__

    Margery
      S Mancabelli

    


    


    One
      World Energy Corporation

    


    By___/s/
      Ash Mascarenhas________

    Ash
      Mascarenhas