Common Contracts
3 similar Surface Rights Lease contracts by Ramaco Resources, Inc.
EX-10.17 18 d272210dex1017.htm EX-10.17 SURFACE RIGHTS LEASESurface Rights Lease • May 5th, 2020 • Delaware
THIS SURFACE RIGHTS LEASE (“Lease”), dated the 20th day of August, 2015 (the “Effective Date”), is between RAMACO CENTRAL APPALACHIA, LLC, a Delaware limited liability company having an address of 250 West Main Street, Suite 210, Lexington, KY 40507 (“Lessor”), and RAMACO RESOURCES, LLC, a Delaware limited liability company having an address of 250 West Main Street, Suite 210, Lexington, KY 40507 (“Lessee”). Throughout this Lease, Lessor and Lessee may sometimes be individually referred to as a “Party,” and may sometimes be collectively referred to as the “Parties.”
ARTICLE I. LEASE OF SURFACE PROPERTYSurface Rights Lease • December 29th, 2016 • Ramaco Resources, Inc. • Bituminous coal & lignite mining • Delaware
Assume that Operating Company desires to lease an Acquired Area from Land Company that contains 4.0 million clean tons of coal. The mining plan that is ultimately approved by Land Company indicates that Operating Company shall mine those 4.0 million clean tons of coal over a period of 15 years and shall sell those tons of coal for $88.50 per ton. All tons will be mined utilizing the underground mining method.
ARTICLE I. LEASE OF SURFACE PROPERTYSurface Rights Lease • December 12th, 2016 • Ramaco Resources, Inc. • Bituminous coal & lignite mining • Delaware
Assume that Operating Company desires to lease an Acquired Area from Land Company that contains 4.0 million clean tons of coal. The mining plan that is ultimately approved by Land Company indicates that Operating Company shall mine those 4.0 million clean tons of coal over a period of 15 years and shall sell those tons of coal for $88.50 per ton. All tons will be mined utilizing the underground mining method.
