Document:

Exhibit 4.172

Exhibit 4.172

			
	
   	United States Department of the Interior	
   
	BUREAU OF LAND MANAGEMENT
	California State Office
	2800 Cottage Way, Suite W1834
	Sacramento, CA 95825
	www.blm.gov/ca
			
		October 21, 2009	

 

In Reply Refer To:
CACA 43003
3200 (920) P

CERTIFIED MAIL - 7000 0520 0023 1390 9535
RETURN RECEIPT REQUESTED

DECISION

			
	Layman Energy Associates Inc.	:	 
	1582 Cordova Dr	:	Geothermal Resources
	San Luis Obispo, CA 93405	:	 

 

Lease Description Corrected

On April 2, 2001, Layman Energy Associates submitted a noncompetitive geothermal lease application, which has been assigned the BLM serial number CACA 43003, for the following lands:

				
		T. 11S., R. 9E., SBM	T. 11S., R. 10E., SBM	
		Sec. 2, All;	Sec. 6, All;	
		Sec. 12, All.	Sec. 8, All.      Containing     2560.00 acres.

 

On May 16, 2001, BLM notified Mr. Layman that sections 6 and 8, in T. l1S., R. 10E., SBM, had another application that was pending. Mr. Layman submitted a request to amendment lease application CACA 43003 by removing sections 6 and 8. BLM authorized a refund of $1,280 for the advance rental fees paid for the two sections and noted electronic records of the change.

On September 21, 2009, geothermal lease CACA 43003 was issued for the lands as described on the lease application. The legal description should not have included sections 6 and 8 of T. 11 S., R. 10E., SBM. Therefore the correct legal land description for CACA 43003 is:

T. 11S., R. 9E., SBM
Sec. 2, All;
Sec. 12, All.    Containing    1281.32 acres.

All other terms and conditions oflease CACA 43003 remain the same. The lessee should attach a copy of this decision to the lease to show the corrections made to the original lease.

Appeal Information

This Decision may be appealed to the Interior Board of Land Appeals, Office of the Secretary, in accordance with the regulations contained in 43 CFR, Part 4 and Form 1842-1 (copy attached). If an appeal is taken, your notice of appeal must be filed in this office within 30 days from your receipt of this Decision. The protestor has the burden of showing that the Decision appealed from is in error.
If you wish to file a petition for a stay of the effectiveness of this Decision during the time that your appeal is being reviewed by the Board, the petition for a stay must accompany your notice of appeal.

A petition for a stay is required to show sufficient justification based on the standards listed on the attached document. Copies of the notice of appeal and petition for a stay must be submitted to the Interior Board of Land Appeals and the appropriate Office of the Solicitor (see 43 CFR §4.413) at the same time the original documents are filed with this office. Copy of the notice of appeal and petition for a stay must also be submitted to each adversely affected party named in this decision at the same time the original documents are filed with this office. If you request a stay, you have the burden of proof to demonstrate that a stay should be granted.

Standards for Obtaining a Stay

Except as otherwise provided by law or other pertinent regulations, a petition for a stay of a decision pending appeal shall show sufficient justification based on the following standards:

(1) The relative harm to parties if the stay is granted or denied,

(2) The likelihood of the protesters' success on the merits,

(3) The likelihood of the immediate and irreparable harm if the stay is not granted, and
(4) Whether the public interest favors granting the stay.

If there are any questions regarding this Decision, they should be directed to Laurie Moore of this office at the address shown in the above letterhead or at (916) 978-4377.

		
   
		Debra Marsh
		Chief, Branch of Adjudication
		Division of Energy and MineralsExhibit 4.173

Exhibit 4.173

ASSIGNMENT OF GEOTHERMAL LEASE AGREEMENT

This Assignment of Geothermal Lease Agreement #189093 ("Assignment") is executed and delivered effective as of May 6, 2011, by and between RLF Nevada Properties, LLC, a Colorado limited liability company ("Assignor") and Blue Mountain Research & Development LLC, a Nevada limited liability company (“Assignee”).

Assignor has on this date conveyed to Assignee all of its right, title and interest in and to certain real property located in Humboldt County, Nevada, legally described on Exhibit A attached hereto and incorporated herein by this reference (the "Property").

FOR AND IN CONSIDERATION OF One Dollar ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

Assignment. Assignor hereby conveys, assigns, transfers and sets over to Assignee all of its right, title and interest in and to that certain Geothermal Lease Agreement #189093, dated March 31, 2003, by and between RLF Nevada Properties, LLC, successor in interest to Nevada Land and Resource Company, LLC, a limited liability company and NGP Blue Mountain I LLC, successor in interest to Nevada Geothermal Power Company, successor in interest to Noramex Corporation, a Nevada Corporation.

Assumption. Assignee hereby accepts such assignment and assumes all liabilities, and agrees to perform all duties and obligations of Assignor under the Geothermal Lease # 189093 arising or accruing from and after the date hereof.

IN WITNESSTNESS WHEREOF, Assignor and Assignee have caused this Assignment and Assumption Agreement to be executed and delivered as of the date first above written.

ASSIGNOR:
RLF Nevada Properties LLC
A Colorado limited company
By: /s/ James W Geisz
Title: Authorized Representative

ASSIGNEE:
Blue Mountain Research & Development LLC
By: /s/ John H. Snow
Title: Managing Member

 

 

			
	STATE OF COLORADO	)	
	 	) 	ss.
	COUNTY OF EL PASO	)	

 

This instrument was acknowledged before me on 12 May, 2011 by James W. Geisz its Authorized Representative of and for Nevada Properties, LLC, a Colorado Limited Liability Company

 

Exhibit A

The portion of Geothermal Lease Agreement that pertains to the section described below:

All of Section 13, Township 36 North, Range 34 East, MDB&E lying in Humboldt County, Nevada containing approximately 640.00 acres.Exhibit 4.174

Exhibit 4.174

LEASE AMENDING AGREEMENT

THIS AGREEMENT dated for reference the 9th day of May, 2011.

			
	BETWEEN:	SUN LIFE ASSURANCE COMPANY OF CANADA, 
	 	c/o Bentall Kennedy (Canada) Limited Partnership, 
	 	Suite 1800, Four Bentall Centre, 1055 Dunsmuir Street, 
	 	Vancouver, British Columbia, V7X 1B1 
			
	 	and	
			
	 	CONCERT REAL ESTATE CORPORATION, 
	 	9th Floor, 1190 Hornby Street, Vancouver, 
		British Columbia, V6Z 2K5 
		
	 	(hereinafter collectively referred to as the “Landlord”)
			
	 		OF THE FIRST PART
			
	AND:	NEVADA GEOTHERMAL POWER INC., 
	 	a body corporate having a business office at 
	 	Suite 840, 1140 West Pender Street 
	 	Vancouver, British Columbia, V6E 4G1 
			
	 	(hereinafter referred to as the “Tenant”)
			
	 		OF THE SECOND PART

 

WHEREAS:

A.        By a lease dated the 18th day of February, 2011, (the “Lease”), the Landlord leased to the Tenant for a term (the “Term”) of five (5) years, commencing on the 1st day of June, 2011 and ending on the 31st day of May, 2016, certain premises (the “Premises”) containing a Rentable Area of approximately 6,173 square feet known as Suite 840, located in the Landlord’s building civically described as 1140 West Pender Street (the “Building”) in the City of Vancouver, in the Province of British Columbia, all upon the further terms and conditions contained in the Lease;

B.         The commencement of the Term has been delayed by one month due to the City of Vancouver’s building code requirement to have the ceiling within the Premises seismically restrained;

C.         The parties have agreed to amend the Lease in accordance with the terms and conditions hereinafter set forth.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration now paid by the Tenant to the Landlord, the receipt of which is hereby acknowledged, and the mutual covenants and agreements herein set forth, the parties hereto covenant and agree as follows:

	1.	

   The recitals as hereinbefore set out are true in substance and in fact.

		

   

	2.	

   The parties hereto hereby covenant, acknowledge and agree that the Lease shall be amended pursuant to the amendments contained in Paragraph 3 of this Agreement.

		

   

	3.	

   The parties acknowledge and agree that as and from the date of this Agreement the Lease is hereby amended to provide as follows:

		

   

	 	(a)	

   Article 1 of the Lease, being the Basic Terms of the Lease is hereby deleted in its entirety and replaced with Article 1 attached to this Agreement.

			

   

	 	(b)	

   Section 2.2 of the Lease is deleted in its entirety and replaced with the following:

“2.2 Free Basic Rent

Notwithstanding anything to the contrary herein contained, but subject to the Tenant being in occupancy and not in default, the Landlord shall provide the Tenant with sixteen (16) months free Basic Rent. The free Basic Rent shall be applied by the Landlord against the payment of Basic Rent accruing due during following calendar months of the Term:

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(a) April 2012 through June 2012, inclusive;
(b) April 2013 through June 2013, inclusive;
(c) March 2014 through June 2014, inclusive;
(d) April 2015 through June 2015, inclusive;
(e) April 2016 through June 2016, inclusive,

and Sections 1.1(j) and 5.1 hereto shall be deemed to have been amended accordingly. For greater certainty, the Tenant acknowledges and agrees that notwithstanding the periods of free Basic Rent set out above it shall remain responsible for payments of all other amounts owing under this Lease.”.

			
	

   
	

   (c)
	

   Section 5.7 of the Lease is amended by deleting reference to “June 2012, June 2013, June 2014 and June 2015” and replacing with “July 2012, July 2013, July 2014 and July 2015”.

 

	4.	

   The Tenant represents and warrants that it has the right, full power and authority to agree to these amendments to the Lease, and other provisions contained in this Agreement.

		

   

	5	

   The parties confirm that in all other respects, the terms, covenants and conditions of the Lease remain unchanged and in full force and effect, except as modified by this Agreement. It is understood and agreed that all terms and expressions when used in this Agreement shall, unless a contrary intention is expressed herein, have the same meanings as ascribed to them in the Lease.

		

   

	6.	

   This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators and assigns as the case may be.

IN WITNESS WHEREOF the Landlord and the Tenant have executed this Agreement on the day and year first above written.

THE LANDLORD:

			
	SUN LIFE ASSURANCE COMPANY OF CANADA		
	as to a Fifty percent (50%) interest by its duly	)	
	authorized Agent BENTALL KENNEDY (CANADA)	)	
	LIMITED PARTNERSHIP by its General Partner, Bentall	)	
	Kennedy (Canada) G.P. Ltd.	)	
	 	)	
	 	)	
	Authorized Signatory	)	
	 	)	
	 	)	
	Authorized Signatory	 	
			
	CONCERT REAL ESTATE CORPORATION	)	
	as to a Fifty percent (50%) interest	)	
	 	)	
	 	)	
	Authorized Signatory	)	
	 	)	
	 	)	
	Authorized Signatory	 	
			
	THE TENANT:	 	
			
	NEVADA GEOTHERMAL POWER INC.	)	
	 	)	
	 	)	
	Authorized Signatory	)	
	 	)	
	 	)	
	Authorized Signatory	 	

 

I/We have the authority to bind the Corporation

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ARTICLE 1 – BASIC TERMS

1.1

					
		(a)	(i)	Landlord:	SUN LIFE ASSURANCE COMPANY
		 	 	 	OF CANADA AND CONCERT REAL
		 	 	 	ESTATE CORPORATION
					
		 	(ii)	Address of Landlord:	c/o Bentall Kennedy (Canada) LP
		 	 	 	Suite 1800 – 1055 Dunsmuir Street,
		 	 	 	P.O. Box 49001, Vancouver, B.C. V7X 1B1
					
		(b)	(i)	Tenant:	NEVADA GEOTHERMAL POWER INC.
		 	 	 	
		 	(ii)	Address of Tenant:	Prior to the Commencement Date:
					
		 	 	 	Suite 900 – 409 Granville Street
		 	 	 	Vancouver, British Columbia, V6C 1T2
					
		 	 	 	As of the Commencement Date, the Premises
		 	 	 	
		(c)	(i)	Indemnifier:	Not Applicable
					
		 	(ii)	Address of Indemnifier:	Not Applicable
					
		 	(iii)	Indemnity Provisions:	See Schedule "D"
					
		(d)	Project, if applicable:	1140 West Pender Street
				
		(e)	Building:	1140 West Pender Street
				
		(f)	Premises:	Suite 840
				
		(g)	Rentable Area of Premises:	Approximately 6,173 square feet
				
		(h)	(i)	Term:	Five (5) years
					
		 	(ii)	Commencement Date:	July 1, 2011
					
		 	(iii)	Expiry Date:	June 30, 2016
					
		(i)	Fixturing Period:	Commencing the next day following execution of this Lease and ending June 30, 2011, provided the Landlord has received proof of the Tenant’s insurance
				
		(j)	Basic Rent, subject to Section 2.2:	 

 

				
	Time Period	Per Sq. Ft. of
Rentable Area of
the Premises/Year	Per Year	Per Month
	July 1, 2011 to June 30, 2014	$ 21.00	$ 129,633.00	$ 10,802.75
	July 1, 2014 to June 30, 2016	$ 22.00	$ 135,806.00	$ 11,317.17

 

				
	

   
	

   (k)
	

   (i)
	

   Rent Deposit referred to in section 5.6: Not Applicable

	

   
	

   
	

   
	

   

	

   
	

   
	

   (ii)
	

   Security Deposit referred to in Section 5.7: $127,316.89

 

			
		INITIAL
		LANDLORD	TENANT
		 	  

 

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