Unassociated Document


    

      
        
           

        

        
           

          
            

          

        

        
           

        

      


      COAL
        LEASE

      Made
        and
        executed as of July 12, 2007, by and between CHARLES D. BECKHAM,
of Baldwin, Pennsylvania, and TODD E. BECKHAM, of
        Milton, Massachusetts (“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 180 acres, located in Monongahela
        Township, Greene 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 Washington, Waynesburg A and Waynesburg B 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 Washington,
        Waynesburg A and Waynesburg B seams or veins of coal by the strip mining
        method,
        the premises, being those certain pieces, parcels or tracts of land located
        in
        Monongahela Township, Greene County, Pennsylvania, 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 until
        the
        exhaustion of all coal of the Washington, Waynesburg A and Waynesburg B 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 and ten cents ($2.10) 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 7
        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 Lease, Lessee shall pay unto Lessor one thousand restricted
        shares of Inform Worldwide Holdings Inc.

      3.02.  Beginning
        on the first day of July 11, 2009, 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 five hundred
        dollars ($500.00).

      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 the first day of July 11, 2009,
        Lessors shall receive a minimum payment of five hundred dollars ($500.00)
        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.

      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
        Greene 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 follows:

      To
        Lessors at:

      Charles
        D. Beckham, 3420 Hazelhurst Ave., Pittsburgh, PA 15227

      Todd
        E.
        Beckham, 100 Randolph Ave., Milton, MA 02186

      


      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 Greene
        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.

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

      ___/s/
        Charles D. Beckham__

      Charles
        D. Beckham

      


      ___/s/
        Todd E. Beckham___

      Todd
        E. Beckham

      


      


      One
        World Energy Corporation

      


      By____/s/
        Ash Mascarenhas______

      Ash
        Mascarenhas,
        President