Common use of Leasing by the Osage Clause in Contracts

Leasing by the Osage. The Osage shall not permit any party other than AMVEST to enter into Coalbed Methane Leases on any of the Available Acreage or the Excluded Acreage which comprise the Area of Interest during the term hereof unless AMVEST has notified the Osage in writing that it has no intention to lease specific quarter sections comprising the Area of Interest. If AMVEST has elected to enter into a Coalbed Methane-only Lease with regard to a quarter-section of the Licensed Acreage, the Osage may grant an oil and/or gas lease on such quarter-section to a third party; provided, however, such lease shall include appropriate language excluding and exempting Coalbed Methane from such lease. Notwithstanding the above, if AMVEST has drilled, or is in the process of drilling, a Coalbed Methane well on a tract for which the oil and/or gas is presently unleased, AMVEST shall have the exclusive right for a period of 90 days after AMVEST’s well has reached total depth to enter into an oil and/or gas Lease with the Osage for such tract, pursuant to Section 9(a). The Osage will use its best efforts to assure that the BIA also complies with the provisions of this Section 14.