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NEW MEXICO STATE LAND OFFICE APPLICATION FOR ASSIGNMENT OF A GENERAL MINING LEASE

Oil or Gas Lease Agreement

NEW MEXICO STATE LAND OFFICE
APPLICATION FOR
ASSIGNMENT OF A GENERAL MINING LEASE | Document Parties: BE RESOURCES INC. | Great Western Exploration, LLC You are currently viewing:
This Oil or Gas Lease Agreement involves

BE RESOURCES INC. | Great Western Exploration, LLC

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Title: NEW MEXICO STATE LAND OFFICE APPLICATION FOR ASSIGNMENT OF A GENERAL MINING LEASE
Date: 7/9/2008

NEW MEXICO STATE LAND OFFICE
APPLICATION FOR
ASSIGNMENT OF A GENERAL MINING LEASE, Parties: be resources inc. , great western exploration  llc
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Exhibit 10.16

    NEW MEXICO STATE LAND OFFICE
APPLICATION FOR
ASSIGNMENT OF A GENERAL MINING LEASE
  LAND OFFICE USE ONLY
FROM: HG-0060
TO: HG-0060-1

FOR VALUE RECEIVED,

 

Great Western Exploration, LLC,

Name (include name of spouse, if any, or type of business entity)

 

("Assignor" whether one or more),

assigns and conveys to: BE Resources, Inc. ("Assignee" whether one or more), whose mailing address is 107 Hackney Cr., Elephant Butte, NM 87935, the entire interest and title in and to Mineral Lease No. HG-0060 ("the Lease") initially made by the New Mexico State Land Office to: Great Western Exploration, LLC, dated January 3, 2005, insofar as the Lease covers the following land in Socorro County, New Mexico:

Subdivision

  Section
  Township
  Range
  Acres
  Institution
ALL   16   9S   8W   640   CS

together with the rights incident thereto, and improvements thereon, if any.

        Assignee assumes and agrees to perform all duties and obligations to the Commissioner of Public Lands including payment of rentals and royalties, and to do such other acts as are required by the Lease, to the same extent and in the same manner as if the provisions of the Lease were fully set out herein.

        Assignee warrants the leasehold estate herein assigned, except as to any valid overriding royalty, production payment, operating agreement or sub-lease, if any, now of legal record, and covenants to the Assignee and the Commissioner of Public Lands that the leasehold estate assigned is valid, and that all rentals and royalties due under the Lease have been paid in full, and that all other Lease obligations presently due have been fully performed.

EXECUTED this 4 day of September, 2007.   By: /s/   DAVID Q. TOGNONI       
Assignor

 

 

General Manager, Great Western Exploration, LLC

Spouse, if any, or title, if signing in representative capacity


ASSIGNEE'S ACCEPTANCE

The undersigned Assignee named above hereby agrees to be bound by all of the terms, covenants, and conditions of the Lease and this Assignment and shall succeed to the rights and benefits under the Lease.

EXECUTED this 4 day of September, 2007.   By: /s/   DAVID Q. TOGNONI       
Assignor

 

 

President, BE Resources Inc.

Spouse, if any, or title, if signing in representative capacity


APPROVAL OF THE COMMISSIONER

        Office of the Commissioner of Public Lands


 

        Santa Fe, New Mexico

        I hereby certify that this Assignment was filed in my office on RECEIVED SEP 06 2007, and was approved by me and shall be effective as to the State of New Mexico on APPROVED SEP 10 2007.

  /s/ Patrick H. Lyons
COMMISSIONER OF PUBLIC LANDS


ACKNOWLEDGMENT IN AN INDIVIDUAL CAPACITY

State of        
   
   

County of

 

 

 

 
   
   

This instrument was acknowledged before me on

 

 

 

(date) by
   
   

 

 

(name(s) of person(s))

       
        
Signature of Notarial Officer

 

 

Name:

 

 

 

 
       

 

 

Title:

 

 

 

 
       
(Seal)            
    My commission expires:    
           


ACKNOWLEDGMENT IN A REPRESENTATIVE CAPACITY

State of NEW MEXICO

County of SIERRA

This instrument was acknowledged before me on SEPT. 4, 2007 (date) by

David Q. Tognoni (name(s) of person(s))

as General Manager, (type of authority, e.g., officer, trustee, etc.) of

Great Western Exploration, LLC (name of party on behalf of whom instrument was executed.)

    /s/   KANDIE LANFORD       
Signature of Notarial Officer

 

 

Name:

 

KANDIE LANFORD

 

 
       

 

 

Title:

 

NOTARY PUBLIC

 

 
       
(Seal)            
    My commission expires:   10-26-08


INSTRUCTIONS AND INFORMATION

1.
FILING:     All Assignments must be filed in the State Land Office in triplicate, with original signatures on all three copies, within one hundred (100) days from the date of signing, and must be accompanied by the recording fee.

 

2.
RECORDING FEE:     The non-refundable recording fee for each Assignment is fifty dollars ($50.00).

3.
PERSONAL CHECKS:     When an Assignment is accompanied by a personal check, the Commissioner of Public Lands reserves the right to withhold approval of the Assignment until the check is paid.

4.
ASSIGNMENT APPROVAL:     The Commissioner will approve the assignment of a mineral lease, in whole or in part, if the Commissioner finds:

A.
the Assignment does not create an undivided interest in

 
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