Unassociated Document


    
      
         

      

      
         

        
          

        

      

      
         

      

    


    


    COALBED
      METHANE LEASE

    Made
      and
      executed as of July 16, 2007, by and between CHARLES D. BECKHAM,
of Baldwin, Pennsylvania, and TODD E. BECKHAM, of
      Milton, Massachusetts (“Lessors”), and Inform Worldwide Holdings Inc.,
having offices at 2501 North Green Valley Pkwy, Suite 110,
      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 drilling for, mining,
      removing and marketing coalbed methane from within the seams or veins of coal
      underlying the premises.

    NOW,
      THIS COALBED METHANE 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 drilling for, mining, removing and marketing,
      the coalbed  methane from within the seams or veins of coal underlying
      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.  In connection
      therewith, Lessors hereby grant, let, lease and demise unto Lessee the rights
      of
      ingress, egress and regress in, to and from the premises for the purpose of
      conducting all operations necessary for drilling for, mining, removing and
      marketing the coalbed methane, the right to install all equipment, fixtures
      and
      appliances necessary in connection therewith, and the right to lay such pipes
      and pipelines as are necessary to remove coalbed methane from the premises
      in
      connection with transporting same to market.  Provided, however, that
      Lessee shall   place wells, equipment, fixtures, appliances and
      pipelines only at such locations as are specifically approved by
      Lessors.

    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 coalbed methane from within the seams or veins underlying
      the
      premises which is commercially marketable.

    Article
      II

    Production
      Royalties

    2.01.  As
      royalty for the coalbed methane produced and marketed  hereunder,
      Lessee shall pay unto Lessors the sum equal to twelve and one half percent
      (12.5%) of the selling price of the coalbed methane, received by Lessee in
      an
      arms’ length sale of the coalbed
      methane.      Provided, however, that if Lessee
      disposes of the coalbed methane 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 twelve and one half percent (12.5%) of the market value of the coalbed
      methane, i.e., the price for which the coalbed methane would be sold
      between unrelated parties in the location of the premises

    2.02.  Lessee
      shall pay all production royalties on or before the 25th day of
      the
      calendar month following the month in which the coalbed methane for which
      payment is made is marketed..  Payment shall be made by checks
      directed to Lessors at the addresses 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 and invoices to
      purchasers of coalbed methane produced and marketed hereunder, which fully
      disclose the volume of coalbed methane produced and marketed 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.

    2.04  For
      the signing of this Lease, Lessor shall receive One Thousand restricted shares
      of Inform Worldwide Holdings Inc.

    Article
      III

    Delay
      Rental

    3.01.  Beginning
      on the first day of August, 2008, and thereafter on the first day of each
      November, February and May until Lessee has begun marketing coalbed methane
      and
      paying Lessors production royalty therefor pursuant to Paragraph 2.01, Lessee
      shall pay unto Lessors a delay rental in the amount of $180.00 each calendar
      quarter.  Lessee shall not be entitled to take as a credit against
      production royalties due when Lessee markets coalbed methane any delay rentals
      paid pursuant to this paragraph.  Payment shall be made by checks
      directed to Lessors at the addresses set forth in Paragraph 8.03.

    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 drilling 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.

    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 operations under this Lessee, Lessee agrees to plug
      all wells 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 Lessee.  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, 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 delay rental 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:

    Inform
      Worldwide Holdings, Inc

    2501
      North Green Valley Pkwy, Suite 110, Henderson, NV., 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

    


    


    INFORM
      WORLDWIDE HOLDINGS, INC

    


    By___/s/
      Ash Mascarenhas________

    Ash
      Mascarenhas, CEO