Development Option Agreement Sample Contracts

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DEVELOPMENT OPTION AGREEMENT
Development Option Agreement • June 27th, 2006 • Behringer Harvard Reit I Inc • Real estate investment trusts • Texas

This is an agreement made effective as of June 21, 2006, between W&G Partnership, Ltd., Desta Three Partnership, Ltd., and Desta Six Partnership, Ltd. (herein together referred to as “Owner”), and BEHRINGER HARVARD HOLDINGS, LLC, a Delaware limited liability company (“Harvard”).

LEASEHOLD ACQUISITION AND DEVELOPMENT OPTION AGREEMENT
Development Option Agreement • January 5th, 2024 • Trio Petroleum Corp. • Crude petroleum & natural gas • Utah

WHEREAS, HSO holds certain tar sands production leases in the State of Utah described in Exhibit A (the “Leases”) on certain properties described in Exhibit A (the “Property”), and is offering a 20% of 100% production share (“Proportionate Production Share”) to TPET in the Leases and HSO’s initial 960 acre drilling and production program, per the Asphalt Ridge Development Plan attached hereto as Exhibit B (the “Development Plan”), and additional rights as set forth herein;

RECITALS
Development Option Agreement • December 31st, 1996 • Vaxcel Inc
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