Fill and Sign the Bank Sight Draft in Oil Ampamp Gas Leasessample 30 Day Draft Form

Draft, Form 4 BANK DRAFT THIS IS NOT A CASH ITEM Draft No: [Date] Pay To the Order of: $ To: [Name of Lessee] c/o [Lessee’s Bank Name and Address] Drawer ___________________________________ Notify: [Contact Name and Phone #] By: [Printed Name of Drawer] ENDORSEMENTS This draft is total consideration for an Oil, Gas, and Mineral Lease dated _____ from the payees to _____ , Lessee, covering the following lands in _____ County, _____: __________________________________ ____________________________________________________________________ In consideration of Lessee’s agreement to examine title to the interest conveyed by the Lease, the payees appoint the collecting bank their escrow agent to hold this draft and any attachments for the time specified and no party shall have the right to demand return of this draft or of the Lease prior to the expirati on of that period. All parties to this Draft and to the Lease agree that the collecting bank shall not incur any liability whatsoever to any party by its refusal to return this Draft and any attachments during that period of time. On the timely acceptance and payment, the collecting bank shall deliver this draft and any attachments to Lessee, but if this Draft is not paid within the specified time the collecting bank shall return this Draft and any attachments to the payee or forwarding bank and all further obligations of the parties shall terminate. Not Later Than _____ Banking Days After Sight and Subject to Approval of Title _____ Dollars