REV99479

• Permit No: M1994117
• IBM Index Class Name: Revision
• Doc Name: CONVEYANCE OF CONTRACTUAL RIGHTS TO DEVELOP SURFACE RESOURCES
• Type & Sequence: TR4
• Media Type: D
• Archive: No

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CONVEYANCE OF CONTRACTUAL RIGHTS
TO DEVELOP SURFACE RESOURCES
THIS CONVEYANCE OF CONTRACTUAL RIGHTS TO DEVELOP SURFACE
RESOURCES ("Conveyance") dated effective January 23, 1998, is from Gold Hill Mines, Inc.,
Mi Vida Enterprises, Inc., Gold Reef Mining Company, Southern Cross Prospecting Company
and Mark A. Steen, whose collective address for the purposes of this conveyance is P.O. Box
1523, Longmont, Colorado 80502 (collectively "Grantor") and Golden Tontine LLC, a Colorado
limited liability company whose address for the purposes hereof is P.O. Box 1523, Longmont,
Colorado 80502 ("GT" or "Grantee").
RECITALS
A. Golden Tontine LLC is a limited liability company formed on January, 22, 1998
by its members: Gold Hill Mines, Inc., Gold Reef Mining Company, Southern Cross Prospecting
Company and Mi Vida Enterprises, Inc. (collectively, the "GT Members").
B. The GT Members wish to enter into this Conveyance to (i) reflect the conveyance
to GT of an exclusive contractual right to develop and to reprocess the dump rock, tailings
and/or other rock products (collectively, the "Surface Resources") located on the surface of
patented and unpatented mining claims located in the Gold Hill and Central Mining Districts,
Boulder County, Colorado, as described on Exhibit A (the "Claims"), and the right to use the
surface of the Claims to develop the Surface Resources and (ii) grant GT an exclusive right of
first refusal to purchase the ores, minerals, mineral substances and/or mineral rights ("Minerals")
under the claims and/or to conduct underground mining operations on the Claims.
AGREEMENT
NOW THEREFORE, for and in consideration of the mutual promises and covenants
herein contained, ONE HUNDRED DOLLARS, membership interests in GT and other good and
valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows:
Section I - Grant of Rights.
(a) Grant of Development Rights. Grantor hereby grants and conveys to
Grantee the exclusive right to develop the Surface Resources and use the surface of and all
personal and/or real property rights associated with the Claims, to develop the Surface
Resources, including without limitation, water rights associated with the Claims using the
methods and processes selected by Grantee in its sole discretion. Record title Ownership of the
Claims and Surface Resources shall remain in the GT Members; Grantee shall only have an
exclusive contractual right to develop the Surface Resources. Proceeds from development of the