Obligation Well Commencement Date. Farmor and Farmee shall each use commercially reasonable efforts # to cause operations in anticipation of drilling of the Obligation Well to commence on a date that would allow the drilling rig to commence actual drilling operations on or before May 31, 2017, and # thereafter to cause the Obligation Well to be drilled

Commencement of Services; Term. Contractor shall commence the provision of the Services on January 1, 2016 and shall continue performing the Services until December 31, 2016, unless this Agreement is sooner terminated or extended as provided herein.

Commencement of Interest Period. In the case of any borrowing of, conversion to or continuation of any LIBOR Rate Loan, the Interest Period shall commence on the date of advance or continuation of, or conversion to, any LIBOR Rate Loan and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the immediately preceding Interest Period expires. Upon a conversion from a LIBOR Rate Loan to a Base Rate Loan, interest at the Base Rate Option shall commence on the last day of the existing Interest Period.

[[Organization A:Organization]] term of [[Organization A:Organization]] Executive’s employment under this Agreement commences immediately ([[Organization A:Organization]] “Employment Commencement Date”) and shall continue until January 1, 2018 unless terminated pursuant to this Agreement as herein provided. This agreement shall renew thereafter on an annual basis beginning January 1, 2018 to December 31, 2018 and for every successive year thereafter unless [[Organization A:Organization]] parties invoke [[Organization A:Organization]] provisions herein provided. Either Party shall provide written notice to [[Organization A:Organization]] other Party if [[Organization A:Organization]] former elects not to renew this Agreement, however, [[Organization A:Organization]] exercising Party shall provide said written notice on or before 60 (sixty) days prior to [[Organization A:Organization]] commencement of [[Organization A:Organization]] renewal period.

If Executive’s employment is terminated during the Employment Term on account of Executive’s death or Disability, Executive (or Executive’s estate and/or beneficiaries, as the case may be) shall be entitled to receive the Accrued Amounts.

Change in Executive’s Position. In the event that ​ transfers, demotes, promotes, or otherwise changes Executive’s compensation or position with ​, the restrictions and post-termination obligations set forth in [Sections 10 through 15] of this Agreement shall remain in full force and effect. Executive acknowledges and agrees that the benefits and opportunities being provided to Executive under this Agreement are sufficient consideration for Executive’s compliance with these obligations.

The following terms and conditions will govern Executive’s employment with the [[Organization A:Organization]] throughout the Employment Period and will also, to the extent expressly indicated below, remain in effect following Executive’s cessation of employment with the [[Organization A:Organization]].

Employment Eligibility Verification. For purposes of federal immigration law, Executive will be required to provide to the Company documentary evidence of Executive’s identity and eligibility for employment in the United States. Such documentation must be provided to the Company within three (3) business days of Executive’s Start Date, or Executive’s employment relationship with the Company may be terminated.

a material diminution of Executive’s authority, duties or responsibilities, provided that a mere change of title alone shall not constitute such a material diminution; or # relocation of Executive’s principal place of employment by more than 30 miles from Executive’s then-current principal place of employment.

Executive’s employment under this Agreement shall terminate upon the earliest to occur of: # the expiration and non-renewal of the term of this Agreement at the end of the Employment Period, pursuant to Section 1 hereof; # termination due to Disability; # termination of Executive’s employment by the Company for any reason other than termination due to Disability; # Executive’s death; or # termination of Executive’s employment by Executive for any reason. Upon the termination of Executive’s employment with the Company for any reason, Executive shall be deemed to have resigned from the Board if a member at such time and all other positions with the Employer or any of its Affiliates (defined below) held by Executive as of the date immediately preceding her termination of employment.