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<br />ASSIGNMENT <br />THIS ASSIGNMEi~IT ("Assignment"), is made and entered into as of the <br />3~S-~ day of December, 1996 between the Yankee Gulch Joint Venture (the "Joint <br />Venture"), American Alkali, Inc., a Colorado corporation ("Alkali"), and American <br />Soda, L.L.P., a Colorado limited liability partnership ("Soda"). <br />RECITALS <br />A. Alkali owns a 100% undivided interest in the Yankee Gulch Joint <br />Venture. The Joint Venture was created pursuant to the Joint Venture Agreement <br />dated February 28, 1966. as amended by the First Amendment to the Yankee Gulch <br />Joint Venture Agreement dated November 15, 1991. Alkali acquired its 100% <br />interest as follows: pursuant to that certain Purchase and Sale Agreement of even <br />date herewith by and between Multi-Minerals, Inc., i~fiki D. LeClair, J. Andrew Dunn <br />and Alkali, Alkali acquired from Multi-Minerals its X7.08% undivided interest, and <br />from Dunn his 13.1.1% undivided interest; pursuant to said Purchase and Sale <br />Agreement it was acknowledged that Alkali owned a 39.58% undivided interest and <br />it was further acknowledged that upon Alkali's acquisition of Lfulti-Minerals' and <br />Dunn's interests, Alkali would own a 1004'o undivided interest in the Joint Venture. <br />B. Pursuant to the terms and conditions of this Assignment,the Joint <br />Venture desires to assign to Soda the two preference right leases held by the Joint <br />Venture which are identified as the Preference Right Sodium Lease effective <br />januarv 1, 1992 from the united States Department of the Interior, Bureau of Land <br />Management to the Yankee Gulch Joint Venture, Serial No. C-0118328, and the <br />Preference Right Sodium Lease from L;nited States Department of the Interior. <br />Bureau of Land Management to the Yankee Gulch Joint Venture effective as of <br />January 1, 1992, Serial No. C-0118329, both concerning sodium deposits In the lower <br />part of the Parachute Creek Member of the Green River Formation in the Piceance <br />Creek Basin, a copy of which Preference Right Sodium Leases are attached to this <br />Agreement as I:.~chibit A {the "Preference Right Leases"). <br />In consideration of the premises and mutual covenants contained herein, the <br />Parties agree as follows: <br />1. Assignment. The Joint Venture and American Alkali hereby assign, <br />transfer, and convey to Soda, its successors and assigns, all of the Joint Venture's <br />right, title, including without limitation, after-acquired title, and interest in, to, and <br />under the Preference Right Leases and further including without limitation, all data <br />and records relating to or pertaining to the Joint Venture and all of the Joint <br />Venture's rights in, to and under, and all of the Joint Venture's and American <br />Alkali's rights related to, any and all claims causes of action, judgments, settlements, <br />or other benefits accruing or arising at any time from the Joint Venture. <br />UTJITED STATES OF AMEFi1Cn <br />ASSIG~IIJL:~4ZA ED F,y1jECj 1~ ~L~Y~ .-.lrs~ <br />Er~T TEae, .F~s.~v(cF Sc? v-~o < <br />