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C~~ • THIS AGRE~:N~NT ENTERED INTO THIS 12 TH DAY OF JUNE 1984, EY AA'D PE^71~~?I RICHARD A. ZEIF AND GLOF.IA A. ZEIF, H;;F.?- INAFTER CALLED THE Lti;SSORS AA'D WIiOSE FFRIJAP.-ENT ADDRESS IS 333 rAST 30TH ST:R^3T, ?7E'W YORK, P:EW YORK 10016 AND EDDIE R. MCCP.ARY DOING BUSINESS AS TEXAS MINIP7G AP;D E%PLORATION COM?A?dY AND 'AROSE PERNANEPIT ADP.BF.SS IS 10^1 S. H1VY. 78 # 7 'flYLIE, TEXAS 75098. flITP1E'SSETH THE LESSORS AND LESSEES FOR AN IN COP?SID~RATION OF THE MIITUAL PR01dISES N,ADE HERS IN AGRFL' AS FOLLO'flS: 1. THE LESSORS HERE'NTTH LEASES TO THE LESSEE THE °RO- PE=TY OF AP~ROXINL4TELY ( 10 BCRES OR LESS, ON A LI?dITED PERMIT) SHO~JN IN YELLO'fl ON THE ATTACHED EXHIBIT MARKED A AND 1dADE A PART HERE`N ITH. 2. THE TERN. OF LEASE SHALL PE FORA PERIOD OF 4 YEARS, SUPJECT TO THE TERMS Ai'D CONDITIO?IS COP:TAIN?D HEREIN, AND SHALL COMMENCE FROM THE DATE OF THIS AGREEMENT. 3. THE PURPOSE OF SAID LEASE IS LESSE~'S OBLIGATION TO EXPLORE, DEVELOP AND SURFACE 1dINE THE LEASED AR3A. LESSOR'S MAKE NO F.EPRES3NTATIONS OR 'sYARRAP:TIES OF ANY NATURE OTHER THAN T'~rIR LEGAL TITLE' TO THE LEASED AREA. THE NATURE AND LOCATIO?w' OF THE 'flORK TO PE °ERFO_°.h".ED IN A GOOD ArTTD !/I2T'RLIKF FASHION, AND SHALL EE SOLELY P.ESPO?'SIPLE AS IP'DICAT?7 HRE.zIN. 4. LESSEE SHALL PAY TO TriE LESSORS AS FDLLOl9S: THE SUM OF 10,000 DOLLARS ADVANCE^ ROYALTY N.UST PE =AID PEFORE LESS?F ENTERS rJPON THE LEASED LAP;D A?ID CO?1"FNCES O~E=ATIOP;S. FURTHER, LESSEE SMALL PAY TO TH^' LESSORS, °Y EI'"'~rR RrCOVERY OR "AY?~tEP?T R'CL'IV~D 20'5 ROYALTY OF T°_E' GROSS A?J'0'TP?T RECEIVED FRO?7; LS.~SEE'S OP?RATION. THIS SHALL INCLTTDE PUT NOT EE LIMITED TO CO?;CENTRATES 30LD TO T'IRD PARTIES, ALL GOLD, SILVti'R APID OR OTHER ?dIA'E3ALS OR EY PRODUCTS I''CLUDIP:G SAPID AP7D GRAVEL. S"~H LAYA:??7T SHAL7~ EE idADE TO LESSOR'S 7JI"_`HIP? 1^ HAYS OF RED CEITT EY LEASE=., OP, Ii•`.''~E~IATELY UT'ON DIVISI^?; OF PROC='SJTD OF. RCO.'''RED OSE.