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ENFORCE26086
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ENFORCE26086
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Last modified
8/24/2016 7:34:10 PM
Creation date
11/21/2007 11:12:48 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1984067
IBM Index Class Name
Enforcement
Doc Date
11/7/1988
Doc Name
OPTION & JOINT VENTURE AGREEMENT
Violation No.
CV0000000
Media Type
D
Archive
No
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<br /> <br />(d) such other facts and figures as may be necessary to reasonably illustrate <br />the results intended to be achieved by the Operating Plan. <br />Upon request of any Party, the Operator shall meet with that Party to <br />discuss the Operating Plan and shell provide such additional or supplemental information <br />es that Party may reasonably require with respect thereto. <br />8.03 The Operator shall adopt each Operating Plan, with such changes es it deems <br />necessary or advisable, by November 15 in the year immediately preceding the Operating <br />Year to which the Operating Plan relates. The Operator may from time to time and ' <br />at any time vary or modify the Operating Plan and shall advise the Parties of the r <br />variations end modifications. 1 <br />8.04 The Operator shell also prepare and maintain a moving five year plan in such form <br />es may be determined by it. <br />9. PAYMENT OF MINE COSTS <br />9.01 The Operator shall fund all Mine Costs. <br />10. MARKETING <br />10.01 Eech Party may elect to take in kind and separately dispose of its proportionate <br />share o[ the Minerals. Any extra costs and expenses incurred by reason of the Party's <br />taking in kind and making separate disposition shall be paid by each Party directly and <br />not through the Operator. <br />10.02 Each Party shall construct, operate and maintain, all et its own cost and expense, <br />any and all facilities which may be necessary to receive and store end dispose of its <br />proportionate share o[ the Minerals as and when the same are produced. <br />11. THE PROPERTY <br />11.01 Title to the Property shall be held in the name o[ DCC in trust for the parties <br />in proportion to their respective Interests as adjusted from time to time. Each of the <br />parties shall have the right to receive, forthwith upon making demand therefor, from <br />the party in whose name title to the Property is being held, such documents es it may <br />reasonably require to confirm its Interest. <br />11.02 If any party so requests at any time, the other parties shall execute a short <br />memorandum or notice of agreement or caution with respect to this Agreement for <br />registration against the title to the Property or any part thereof. <br />12. AREA OF COMMON INTEREST <br />12.01 The lands included within a radius o[ one (1) mile from the outside boundaries <br />of the lands included in the Property are hereby declared to be an area of common <br />interest, being hereinafter called "the common interest area". <br />12.02 I[ at any time during the subsistence of this Agreement, any party stakes or <br />otherwise acquires, directly or indirectly, any right to or interest in any mining claim, <br />license, lease, grant, concession, permit, patent, or other mineral property located <br />wholly or pertly within the common interest area, that party shall forthwith give notice <br />to the Operator end to the Parties of that staking or acquisition, the cost thereof and <br />7 <br />
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