|
. .��
<br /> . ° ' . . ~
<br /> ^ RECEIVED
<br /> MINING LEASE AND AGREEMENT CRAIG COL RADQ AUG � � �Di7
<br /> nww � w ��/.
<br /> ����
<br /> DN"ON OF RECLAMATION
<br /> MINING ANDS*E7Y
<br /> THIS LEASE AND AGREEMENT
<br /> (the'^AEreenlieot^') made this l'` day of March, 2U11by and between Barbara V Chesney,anindividual
<br /> whose address is4196[eda/Street, Fruita,Colorado 81521. (herQinafter called ''Owner") and Jubilee
<br /> Venture, LC, a Colorado Limited Liability Company whose address is 19754 East Euclid Drive,
<br /> Centennial, Colorado 8O016.(he/cinahpr called '']vbi|eo''):
<br /> VVDNESSETH
<br /> l,OVVN[K represents that subjpcc to the pzrumouc\ title of the United States, she b the sole and only
<br /> owner of the unpatented Willing Claims, situated in Mciffit County, Colorado, described on Exhibit A
<br /> attached hereto and incorporated herein (hereinafter referred to as the "Property"); that each
<br /> unpatented claims included in the property has been validly located, filed and recorded in compliance
<br /> with the laws of the State of Colorado and of the United States ao they relate to the location and
<br /> recordation of such claims; that the OWNER has timely complied with all the filing provisions of the
<br /> Federal LandPolicy dndKx^,a8emenr Act(45U.SI. Section l,ul, etucqlas they pertain twthe
<br /> unpatented claims�ncluded within the Prope,ty arid that such claims are valid dnd subsisting mining
<br /> daims that OWNER has fully ordnme|v paid the holding required \omaintain theunpatennpd
<br /> millin6c|aimSto the date oithoAgreement; that OYVN[Rs rights in the property are not subject toany
<br /> prior agreement, emcumbrance. bun1e, or restriction,created by any actor�nstrumnentofOWNER;that
<br /> tv the best of the OwVNERs k:rvv(edgo the Property �*free from liens and encumbrances and any
<br /> adverse claims by third parties; and that the Property is not burcl�ned with any royalties,overriding
<br /> rnyakirs, net profits interests c,pay-ncnts or proU�ctmn.
<br /> Z, OWNER hereby grants, lets and leases exdvuxe;y toJUK!LL[ the Property, for chn term hereof,
<br /> together with all ores arid winerals 0 ever,,,k nd, except cix a rid gas, in, ron or under the Property, with
<br /> the exclusive Y ight tc, prospect and exolore for, mine by any method now known or hereafter discovered
<br /> Vnc|udioQ. but not limited to, underground, ooen pit, 'n'*ituvnc:solution methods>, process byany
<br /> method now known orhrreafte,discovered, niU, prepare for market, store' set! and dispose ofthe
<br /> eme� and together w:th all such righta,n/ vvav easements, water aoJ water rights, geothermal water
<br /> and geothermal 'euJu/ue!,, of every kinds and nature, throu8h' over, omorappertaining to the Property,
<br /> to the extent that he can, and the n#litso prect, mainmm and operate thereon and therein, buildings,
<br /> `ovuu/es' machinery arid pguipmpnr, and the right to use, occupy arid disturb so much of the surface of
<br /> the Property as JU13I.El: may determine to be useful,desirable or converiien� for te exercise by JUBILEE
<br /> of any and all of its rights hopunder. and the right in.tssu|e d`scnetion to exorcise any rights oroptions
<br /> of OvVNERw/i\hncspecttuthePpnpeoyoraoypor,mnthereofunoerany |avvor/eQu|adonhereafter
<br /> enacted, including but not limited to .he right to convert any or all of the unpatented clainis included it)
<br /> the Property and the other rights described inSpc,mn7herein,
<br /> 3 it uVvN'�-Ks title is less than as stated m Section l hereof or is subject to a �uparinr adverse interest, all
<br /> p^ymenis includirip Ad-vance Royalty and Production royalty pa/merits, without I mitation, to be rnade
<br /> ro(}VVNF8I�eneunde'sha| Le reduced to the oame proportion thereof as \te undivided interest inthe
<br /> Property solely owned by OWNER bears to the entire interest in the Property.
<br /> ]U8\i[L shall have sole d/soedonto determine the cxtcntof its work, ifuny, nn the Property and the
<br /> Lime nrtinuesfor beginning' oontmu`cF,or resuming yud' work myreon. All aoMte»carried out by
<br /> ~/ �
<br />
|