This form creates an Area of Mutual Interest (AMI) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
North Carolina Area of Mutual Interest (AMI) refers to a geographic region within North Carolina where multiple entities collaborate and cooperate to achieve common goals and promote economic development. It is a designated area where individuals, businesses, organizations, and government entities come together to address shared challenges, explore opportunities, and foster growth in various sectors. One prominent type of North Carolina AMI is the Business and Industry AMI. This focuses on fostering collaboration between different industries within the state, such as manufacturing, technology, agriculture, tourism, healthcare, and more. The aim is to create synergy among these sectors, stimulate innovation, attract investments, and ultimately enhance economic development in North Carolina. Another type of North Carolina AMI is the Regional Development AMI. This focuses on collaboration between multiple counties or cities within a specific region of North Carolina. By pooling resources, expertise, and strategies, this type of AMI aims to address common challenges faced by the region, such as transportation infrastructure, workforce development, tourism promotion, and environmental conservation. Furthermore, North Carolina AMI also includes the Education and Research AMI. This type emphasizes partnerships between educational institutions, research organizations, and businesses to drive innovation, knowledge sharing, and talent development. It creates a collaborative environment where academic research is translated into practical solutions to benefit North Carolina's economy and society. Key keywords: 1. North Carolina Area of Mutual Interest 2. Collaboration 3. Cooperation 4. Economic development 5. Business and Industry AMI 6. Manufacturing 7. Technology 8. Agriculture 9. Tourism 10. Healthcare 11. Regional Development AMI 12. Counties 13. Cities 14. Infrastructure 15. Workforce development 16. Tourism promotion 17. Environment conservation 18. Education and Research AMI 19. Partnerships 20. Educational institutions 21. Research organizations 22. Innovation 23. Knowledge sharing 24. Talent development 25. Academic research.