|
MINING LEASE
<br />THIS MINING LEASE is entered into as of _ October 2016 by and between GOLD LINKS
<br />MINING CORPORATION, a corporation organized udder the laws of the State of Colorado, located at
<br />P.O. Box 3406, Boulder, Colorado 80307 (the "Lessor•), and CRG MINING LLC, a limited liability
<br />company organized under the laws of the State of Colorado, located at 200 Industrial Parts Road,
<br />Gunnison, CO 81230 (the "Lessee").
<br />I.
<br />Premises and RepMentations
<br />1.1 Subject to the following representations, the Lessor owns the patented and unpatented mining
<br />claims described in Schedule 1. attached hereto and made a part hereof. Such mining claims
<br />shall be referred to hereinafter as the "Mining Properties." The Lessor makes the following
<br />representations covering the Mining Properties,.
<br />a) It is in possession of and believes that it holds marketable title to the patented claims,
<br />free and clear of air liens, encumbrances, or unrecorded agreements of any kind. It does
<br />not warrant its title, however, either expressly or by implication.
<br />b) The Lessor is not aware of any litigation, claims, or demands made by others with
<br />respect to the titre of the Mining Properties, except that others may have located
<br />unpatented mining claims in conflict with the Lessor's unpatented mining claims.
<br />c) To the best of the Lessor's actual knowledge, no other person, association, or
<br />corporation has any interest or claim to the Mining Properties by and/or through the
<br />Lessor. A prior mining lease in favor of Gydesen Heavy Equipment was terminated by
<br />Lessor in accordance with the lease terms.
<br />THEREFORE, IN CONSIDERATION OF THE PREMISES AND REPRESENTATIONS MADE
<br />HEREINABOVE, AND OF THE MUTUAL OBLIGATIONS HEREINAFTER CONTAINED, AND OTHER
<br />GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE
<br />HEREBY ACKNOWLEDGED, THE PARTIES HERETO AGREE AND CONTRACT AS FOLLOWS:
<br />Granting of Lease and Tema
<br />2.1 Lease. The Lessor hereby leases the Mining Properties to the Lessee for the purpose of
<br />exploring, prospecting, developing, removing, mining, and marketing of ore, minerals, metals,
<br />and materials of all kind therefrom, excluding open pit and strip mining operations, but including
<br />solution or any other method of underground extraction and the right to mine veins occurring at
<br />or near the surface by open cut mining; together with all fixtures, improvements, and facilities
<br />on or about such properties; and together with all easements, licenses. other privileges and
<br />water rights owned by the Lessor in connection with the mining, exploration, and development
<br />of any of Mining Properties, and together with the right to construct and operate upon the
<br />Mining Properties all workings, structures, and appliances that may be necessary or convenient
<br />for the Lessee's operation for removing and marketing the ores, minerals, and metals subject to
<br />this Mining Lease. There is reserved from the foregoing grant all buildings and structures
<br />occupied or used by shareholders of the Lessor as a summer home and the right to use the
<br />surface of the Mining Properties in connection with such use and for leisure purposes, when
<br />such use does not conflict with the Lessee's operations hereunder.
<br />
|