EXHIBIT 10.19
SUPPLEMENTAL
MEMORANDUM OF MINERAL
LEASE
Prepared by:
BPI Energy, Inc.
00 X. Xxxxxxxx Xx., Xxxxx 000
Xxxxxxxxxxxx, XX 00000
SUPPLEMENTAL
MEMORANDUM OF MINERAL LEASE
This supplemental memorandum of mineral lease (herein this "Memorandum) is
made this 14th day of August, 2007, by and between the COUNTY OF MONTGOMERY,
ILLINOIS, x/x Xxxxxxxxxx Xxxxxx Xxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000, (herein
the "Lessor"), and BPI ENERGY, INC., of 00 X. Xxxxxxxx Xxxxx, Xxxxx 000,
Xxxxxxxxxxxx, XX 00000, (herein the "Lessee").
NOTICE IS HEREBY GIVEN that Lessor and Lessee have entered into a mineral
lease dated the 28th day of November, 2005 and memorandum of mineral lease of
the same date and recorded in the office of the Xxxxxxxxxx County Recorder in
book 1105 at pages 1-69. The mineral lease and memorandum pertain to the oil,
gas, and coalbed gas underlying the lands described on Exhibit A in said mineral
lease and memorandum. The mineral lease is for a primary term of five years and
as long thereafter as oil, gas, or coalbed gas or any of them are being produced
from the lands described in Exhibit A or lands pooled or unitized therewith.
The mineral lease also provides for a royalty, delay rentals, shut-in
royalties, pooling clause, dry hole clause, provisions with respect to coal
mining, a lesser interest clause and other clauses concerning development and
operations and further provides that the lease covers all interests in the lands
described in the lease, including all interest in which Lessor has a
preferential right of acquisition or acquires by reversion or otherwise, whether
or not specifically described therein, as well as all lands owned or hereafter
vested or claimed by Lessor.
This supplemental memorandum of lease is placed of record for the purpose
of adding additional lands now owned by the Lessor to the original mineral lease
that were acquired through tax deeds.
All of the terms and conditions of the mineral lease are incorporated
herein by reference with the same effect as if set forth herein in full. All
parties dealing with the lands described on Exhibit A of the mineral lease,
memorandum of lease and this supplemental memorandum of lease and lands
described in Exhibit A hereof, shall
deal with and be subject to all terms and conditions of the original mineral
lease as if originally written and contained therein.
This memorandum shall be binding upon and inure to the benefit of the
parties hereto together with their successors and assigns.
EXECUTED the day and year above written.
LESSOR
COUNTY OF MONTGOMERY, ILLINOIS
BY /s/ Xxxxxxx Xxxxxxxx
----------------------------------------
Its County Board Chairman
LESSEE
BPI ENERGY, INC.
BY /s/ Xxx X. Xxxxxxxx
----------------------------------------
Its Director of Property Acquisitions
