Exhibit 10.12
Assignment from ELD to ECEI
ASSIGNMENT OF LEASE
This assignment of lease from Eastern Land Development LLC to Eastern
Consolidated Energy, Inc. entered into this 15th day of October 2003 is hereby
executed under the following terms and conditions.
Eastern Land Development LLC ("ELDLLC") hereby assigns those certain Coal
Leases dated 3rd day of October 2003 known as the Xxxxxxx Heirs (Mark & Xxxxx)
Leases, subject to all terms and conditions of the said lease with Xxxxxxx
Heirs and is located in Xxxxxx County, Kentucky and said assignment being to
Eastern Consolidated Energy, Inc.("ECEI"), a Kentucky Corporation located at
0000 X. Xxxxxx Xx. Suite 300, Coral Springs, FL 33065.
XXXX agrees to abide by all terms and conditions as stipulated in said lease.
IN WITNESS WHEREOF, have executed this assignment as of the 15th day of
October 2003.
EASTERN LAND DEVELOPMENT LLC
/s/Xxxxx Xxxx
Xxxxx Xxxx, Member
