ENFORCE26086

• 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

all details in possession of that party with respect to the nature o[ the property end
the known mineralization. The Operator shall have the right for a period of 30 days
from the receipt of that notice to elect, by notice to that party, to require that the
mineral property end the right or interest acquired be included in and thereafter form
part of the Property [or all purposes of this Agreement, end if such election is made,
the Parties shall reimburse that party for that portion o[ the cost of acquisition which
is equivalent to their respective Interests. If the Operator [ails to make the election
aforesaid within that period o[ 30 days, the right or interest acquired shall not form
part of the Property and the party which staked or otherwise acquired it shall be solely
entitled thereto.
13. INFORMATION AND DATA
13.01 At all times during the subsistence of this Agreement, the duly authorized
representatives of each Party shall have access to the Property at Its and their sole
risk and expense and at reasonable intervals and times, and shall further have access at
ell reasonable times to all technical records and other factual engineering date and
information relating to the Property and in the possession of the Operator. In exercising
the right o[ access to the Property, the representatives of a Party shall abide by the
reasonable rules end regulations laid down by the Operator relating to matters of safety
end efficiency in the Mining Operations. If any representative of a Party is not an
employee', the Party shall so advise the Operator so that the Operator may require the
representative, before giving such representative access to the Property or to data or
information relating thereto, to sign an undertaking in favor of the parties, in form
and substance satisfactory to the Operator, to maintain confidentiality to the same
extent e_s each Party is required to do under paragraph 13.02.
13.02 All information and data concerning or derived from the Mining Operations shall
be kept confidential and, except to the extent required by law, by regulation of any
stock exchange or other regulatory securities body or in connection with the tiling of
e prospectus or statement of material facts by any party or any of its Affiliated
Corporations, shall not be disclosed to any person other than an Affiliated Corporation
without the prior consent of all the Parties, which consent shall not unreasonably be
withheld.
14. LIABILITY OF THE OPERATOR
14.01 Neither the Operator, nor any of its servants, agents or employees, shall be
liable to any of the parties for any ]oss or damage that may be suffered by any of
the parties resulting from or arising in connection with Mining Operations.
15. INSURANCE
15.01 Commencing on the Operative Date, the Operator shall place and maintain with
e reputable insurer or insurers such insurance es the Operator in its discretion deems
advisable in order to protect the parties together with such other insurance es any
Party may by notice reasonably request. The Operator shall, upon the written request
o[ any Party, provide it with evidence of such insurance and of the good standing thereof.
16. RELATIONSHIP OF PARTIES
16.01 The rights, duties, obligations, and liabilities of the parties shall be several and
not joint end several, it being the express purpose and intention of the parties hereto
that their respective Interests shall be held es tenants in common. Nothing herein
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