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MINERAL LEASE <br /> This Mineral Lease (the "Lease")is made and entered into as of this 1sY day of October,2025 <br /> (the"Effective Date"),byand between Keystone Portfolio Management,LP, a Texas limited <br /> eY g � <br /> partnership("Lessor")and Ouray 79 Mining,LLC,a Texas limited liability company("Lessee"). <br /> WITNES SETH : <br /> WHEREAS,Lessor is the owner of the properties identified in Exhibit"A"attached hereto <br /> and incorporated herein by reference,all of which are situated in the County of Ouray, State of <br /> Colorado, containing 881 acres,more or less,including all Ore and Minerals(as hereinafter defmed) <br /> situated therein,thereon and thereunder and all improvements thereon and appurtenances thereto(the <br /> "Properties"). <br /> WHEREAS,Lessor desires to lease the right to access and use the Properties,excluding the <br /> residence and other structures located on the Properties identified in Exhibit"B"attached hereto and <br /> incorporated herein by reference,(the"Premises")and Lessee desires to lease the Premises for the <br /> purposes of exploring for,developing,mining,milling,processing, selling and generally <br /> commercializing the Ore and Minerals situated therein,thereon and thereunder(the"Activities"); <br /> NOW,THEREFORE,in consideration of One Hundred Dollars($100.00)in hand paid to <br /> Lessor and other good and valuable consideration described herein,the sufficiency of which is hereby <br /> acknowledged by Lessor,and in consideration of the covenants hereinafter set forth,Lessor and <br /> Lessee agree as follows: <br /> 1. DEMISE. Lessor does hereby lease and demise the Premises to Lessee for the Term and <br /> upon the covenants and conditions set forth in this Lease for the purposes of conducting the Activities <br /> and for other purposes set forth herein. <br /> 2. DEFINITIONS. The following words and terms wherever used in this Lease are defmed as <br /> follows: <br /> "Concentrates" means upgraded intermediate products obtained after Ore is mined and <br /> processed. <br /> "F.O.B. Mine Value" shall mean the amount received F.O.B.the mine site by Lessee from any <br /> purchaser in payment for the Ore,Concentrates,or other first salable product mined from the <br /> Premises and sold,less government severance,sales or production taxes(other than any based on net <br /> income),royalties, sales commissions and any other expenses borne by Lessee in connection with the <br /> sale of such Ore,Concentrates or other first salable products. In the event such Ore, Concentrates or <br /> other first salable products are shipped to a mill or other treatment facility owned and/or operated by <br /> Lessee.the F.O.B. Mine Value as defined herein on which royalties are calculated shall be no less <br /> favorable to Lessor than if such Ore, Concentrates or other first salable products had been shipped to <br />