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<br />N.zrch !5, 1550....... <br />Januzr,: 1, 1°G1....... <br />JUaE 1, ?D5-. ......... <br />Aucust 1, 1551....... <br />NpCESSFr 1, 15°1..... <br />And, fOr EdC :I yedr t.'iE: Ea~t_r, dur inG the <br />Acreement as fo'_lo~•s: <br />Jznuary 1,........... <br />June 1 ............... <br />August 1 .............. <br />November 1,............ <br />l/ <br />u <br />term of th.s <br />3. Term. The term o1` the Lease Agreement shall be from <br />November 1, 1989, through November 30, 2014. <br />4. Possession Prior To November 1, 19E9. The Trust shall <br />remain in possession of the Alma Placer until such time as <br />Optionee pays the full oetion price pursuant to Paragraph No. <br />1, however, Optionee shall have the right to enter in and upon <br />the Alma Placer prior to ;>uch time in order to conduct such <br />tests as reasonably necessary for a proper evaluation of the <br />Alma Placer. Optionee may make test hole borings and remove <br />soil and/or mineral samples in quantities reasonably necessary <br />for the property evaluation. Optionee agrees that at all times <br />relevant hereto he shall indemnify and hold the Trust harmless <br />against any and all claims, damages, actions or causes o <br />action, of any nature whatsoever, including reasonably <br />attorneys' fees, which may be bzouoht against or incurred by <br />the Trust as a result of Optionee's activities pursuant to this <br />Paragraph No. 4. <br />5. Water Rights. So long as Optionee is not in default <br />hereunder, it shall be permit*_ed the use of so much of the <br />water Rights as is necessary for the normal and proper use, <br />operation and maintenance of the Alma Placer hereunder. <br />6. Use And Operation. Optionee agrees to enter upon the <br />Alma Placer as provided i.n this Agreement and, at its own <br />expense, work the same according to the generally accepted <br />principals of good and economical mining and to take out the <br />greatest amount of gold, silver and other minerals possible, <br />with due regard to the safety, development and~• preservation of <br />the Alma Placer as a workable placer mine. Optionee further <br />agrees to work the Alma Placer steadily and continuously from <br />the dates herein provided during those months and days of the <br />year that placer mines of a similar kind in the same general <br />locality are worked (generally May 1 to November 1). Optionee <br />agrees to keep all sluices, ditches, reservoirs, waterways and <br />passageways cleared of loose rock and rubbish and to otherwise <br />- 2 - <br />• <br />