Mining and Extraction Services; the Leases Sample Clauses

Mining and Extraction Services; the Leases. TMC Capital LLC (“TMC Capital”), an indirect subsidiary of Petroteq, holds certain mineral rights under mineral leases in, at or near the vicinity of the Plant near Vernal, Utah, including without limitation: (a) the mineral lease previously entered into by and between Asphalt Ridge, Inc. a Utah corporation, as lessor, and TMC Capital, as lessee; (b) one or more mineral leases entered into by and between the Utah School and Institutional Trust Lands Administration (XXXXX), as lessor, and TMC Capital or Petroteq Oil, as lessee; and (c) such other federal, state or private mineral lands, right or leases as TMC Capital or Petroteq Oil, as the case may be, may acquire or hold at any time during the term of this Agreement (collectively, the “Leases” ). Under this Agreement, Valkor will assist TMC Capital or Petroteq Oil, as the case may be, in providing or conducting, through such Personnel or Contractors as Valkor may retain from time to time, to conduct all exploratory, mining, extraction and production operations on or with respect to the Leases and to arrange for mined, extracted and produced oil-bearing materials, whether in solid, semi-solid or liquid form to be gathered, stockpiled and transported to the Plant for processing as contemplated under this Agreement.
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Related to Mining and Extraction Services; the Leases

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