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Services Agreement <br />SERVICES AGREEMENT <br />THIS AGREEMENT is effective the 8th day of November, 2021. <br />BETWEEN: <br />GRAND ISLAND RESOURCES with its mailing address at 12567 W CEDAR DR, LAKEWOOD, <br />CO 80228 (the “Owner”) <br />AND: <br />ENSERO SOLUTIONS US, INC., with its mailing address at 12150 E. Briarwood Avenue, Suite <br />135, Centennial, CO 80112 <br />(the "Contractor”) <br />WHEREAS: <br />A. the Owner is responsible for the development and operation of the Caribou and Cross mines, <br />located approximately 4.5 miles west of Nederland, CO (the “Project”); <br />B. the Owner wishes to engage the Contractor to provide certain services for the Project at the <br />direction of the Owner’s designate; and <br />C. the Owner and the Contractor have agreed to enter into this Agreement to provide for the terms and <br />conditions of such engagement. <br />THEREFORE in consideration of the agreements and covenants set out in this Agreement the Owner and <br />the Contractor agree as follows: <br />1. INTERPRETATION <br />1.1 Definitions <br />In this Agreement: <br />“Affiliate” means any person which directly or indirectly controls, is controlled by, or is under common <br />control with, a Party; <br />“Agreement” means this agreement, including all Schedules; <br />“Business Day” means any day other than Saturday, Sunday or statutory holiday; <br />“Effective Date” means the date first written above; <br />“Fees” has the meaning set out in Section 3.1; <br />“Notice” has the meaning set out in Section 8.9; <br />“Parties” means the Owner and the Contractor, and “Party” means any one of them; <br />“Project” has the meaning set out in recital A; and <br />“Services” means the services described in Schedule A.