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SFNT BY D. G. &S. <br />r <br /> <br /> <br />III I III III IIII II <br /> <br />sss III <br /> <br />THJS CONVEYANCE OF CONTRACTUAL RIGIi'I'S TO DEVELOP SURFACE <br />RESOURCES ("Conveyanu") dated effective January 23, 1998, is from Gold Hill bfiaes, Inc., <br />Mi Vida Enterprises, Inc., Gold Reef Mming Company, Southern Cross Prospecting Company <br />and Mark A. Steen, whose collective address for the purposes of this convtyanceu P.O. Box <br />1523, Longmont, Colorado 80502 (collectively "Gretttot") and Golden Tontine LLC, a Caksrado <br />limited IiabiGry company whose address for the purposes hereof is P.O. Bo:1523, Longmont, <br />Colorado 80502 ("GT" or "Grantee"). <br />RECITALS <br />Section 1 -Grant of Ri ts. <br />(a) Gram of DeveloQme:nt Ri¢Irts. Grantor hereby grants and conveys to <br />Granter the exclusive right to devdop the Surface Resources and uu the surface: of and all <br />personal and/or real property right/ associated with the Claims, to develop the Surface <br />Resources, including without limitation, water rights associated with the Claims using the <br />methods and processes selected by Grantee in its sale discretion. Record title Ownership of the <br />Claims and Surface Restmrees shall remain in the GT Members; Granters shell only have an <br />exclusive contractual right to develop the Surface Resources, Proceeds from dtvelopmeni of the <br />A Golden Tontine LLC is a limited liability tympany formed on January, 22, 1998 <br />by its member: Gold Hill Mines, Inc., Gold Reef Ivfining Company, Southern Cross ProspexXing <br />Company and Mi Vida Enterprises, Inc. (collectively, the "GT Members"). <br />B. Tho GT Members wish to emer into this Com+eryanu to (i) retlext the conveyance <br />to GT of an exclusive contractual right to develop and to reprocess the dump rock, tailings <br />and/or other rock products (collectively, the "Surface Resources")located on the surface of <br />patented and unpatettted mining claims located in the Gold Hill and Crntral Mining Districts, <br />Boulder County, Colorado, as described on Exhibit A (the "Claim+"), and the right to use the <br />surfau of the Claims to devdop the Stuface Resources end (il) grant GT an exclusive right of <br />fast refusal to purcltese the ores, minerals, mineral substances and/or mineal rights ('Minerals') <br />under ehc claims and/or co conduct underground mining operations en the Claims. <br />NOW THEREFORE, for and in consideration of the mutual promises and covenants <br />herein contained, ONE HUNDRED DOLLARS, membership interests in GT and other goad and <br />valuable consideration the receipt and sufficiency of which am hereby acknowledged, the parties <br />agree as follows: <br />