Leases do not list the bonus, with exception of State of Texas lease. So the reference to $10 and other valuable consideration is normal. Failure to include legal description of property is serious. Sometimes you see this when the lease is actually a sales contract. Does it refer to everything you own in the county? It appears that you are not experienced in oil and gas leases and the meaning of terms. You need to read up on lease forms and traps for the unwary and learn about bonus and royalty ratee. Consider getting legal advice before signing the contract, because then it is too late.
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