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GENERAL47666
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Last modified
8/24/2016 8:22:56 PM
Creation date
11/23/2007 3:42:14 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1988081
IBM Index Class Name
General Documents
Doc Name
1ST AMENDMENT TO MINING OPTION TO PURCHASE AGREEMENT
Media Type
D
Archive
No
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3. Section 2.3 <br />Section 2.3 is modified by the addition of the following <br />language: <br />"Should the option terminate without the exercise <br />of the purchase option by Buyers, Sellers shall have <br />the option to demand and to receive a re-assignment <br />of their mining permit(sj, free and clear of any out- <br />standing or unresolved violations, fines or enforcement <br />actions, which it shall be Buyers' obligation to timely <br />cure prior to re-assignment. Any bond posted by Buyers <br />shall be returned upon the provision by Sellers of a <br />substitute bond to the State of Colorado. Sellers shall <br />have the right to consent to any changed final use of <br />the land proposed in any permit amendment by Buyers or <br />their assignees." <br />4. Section 2.4 <br />Change the first two lines to read: <br />"Buyers shall indemnify Sellers, and shall hold <br />them harmless from any claims, demands,...." <br />5. Section 7.1 <br />Section 7.1 is modified by the addition of the following <br />language: <br />"Sellers, by their written consent to any assignment, <br />do not wai-ve their right to consent to any future or <br />additional assignment, which right shall continue." <br />r'o further changes or additions are made at this time. <br />Bated this ~!~day of March, 1995. <br />S ELLER:3 <br />. D ~- <br />LLB. <br />arty Covey <br />Astrid I.. Covey <br />BUYERS: <br />.~ v <br />y n er <br />-~ <br />n H. Oh <br />61,7 ih 1 coveys . xmd - 2 - <br />
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