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Rm.•r I ~.un Srvvdv Pr I nt Inv 3fl ?[4; 79?34 r'. t~3 <br />SECTION OIJF. <br />Valuation of Property Ro altiea and O tlon to Purchase. <br />1.1 valuation of Property. Buyero will have a (12) twelve <br />month period of investiyet.ion and productLon. Buyers will pay <br />Sellers twenty thousand dollaro (S20,UOO.OU) for said period. <br />1.2. Production Royalty. Duyers wLll pay Sr.llerw a <br />1lB net smeltez return royalty frnm all ore milled from property <br />during Ute 17 month period. After iaxorcistnq option to purchase <br />raya.tty will reduce to 38 oY net smelter return for the life <br />of the mine, payable to the sellers, his heirs or assigns. <br />1.3 motion lri Purchase. At the end of the valuation period <br />buyers will have a thirty (3U) day period to make a down payment <br />of f7fty thousand dollars ($50,000.00), of the eight hundred <br />thousand dollar ($800,000.00) purchase price. The Seller wtl.l <br />carry the halancp at 8B for a oeriod of no more than 20 years. <br />1.4. uelivery of Data. Upon execution of this Adreemenf., <br />Seller shall make available to Ouyer copies of all maps, deeds <br />and other documents in Lessors possession which pertain Co the <br />mine title and boundaries, prior workingo, production history <br />and so forth. Buyers may copy said documents at Buyers expense <br />and return the original duc:uments to Sellers promptly. <br />Y2 <br /> <br />