LEASE AGREEMENTLease Agreement • March 23rd, 2010 • Eternal Energy Corp. • Metal mining
THIS LEASE AGREEMENT (the “Lease”) dated this 5th day of December 2008, is executed by and between Oakley Ventures, LLC, a Colorado limited liability company, hereinafter referred to as “Lessor,” and Eternal Energy Corp., a Nevada corporation, hereinafter referred to as “Lessee”. This Lease replaces and supersedes, in its entirety, that certain lease agreement between Lessor and Lessee for the Demised Premises, dated September 30th, 2006 (the “Old Lease”). Upon execution of this Lease, the Old Lease and all rights and obligations set forth therein shall be deemed terminated as of October 31, 2008 and be of no further force or effect.
