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GENERAL51354
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Last modified
8/24/2016 8:37:38 PM
Creation date
11/23/2007 6:43:45 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1983141
IBM Index Class Name
General Documents
Doc Date
2/13/1991
Doc Name
MILLING CONTRACT
Media Type
D
Archive
No
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sale, lease or assignment of a right or the ability to mine properties <br />owned by MI VIDA or under its control which properties lie within a <br />two (2) mile radius of the Mill. Such whole or partial assignment shall <br />be effective upon written notice to COM, INC. <br />b. MI VIDA may assign its rights under this Agreement, in whole <br />or pazt (and save and except its rights under Section 10(gj-10(jj, <br />which rights are reserved to MI VIDA acting in its individual capacity <br />or as to any entity of which it acts as a general partner) to the <br />following parties: <br />(i) To Mark A. Steen or his successor in interest as to <br />properties owned by Mark A. Steen lying within the two (2) mile <br />radius restriction imposed in this Agreement; and/or <br />(ii) To the Gold Hill Ventures. Ltd., limited partnership (a <br />limited partnership which the parties agree is not yet fully formed) as <br />to properties currently owned by Gold Hill Ventures, Ltd., or which <br />properties aze currently scheduled for contribution to said entity upon <br />its formation within the two (2) mile radius restriction imposed in <br />this Agreement, or to any successor entity which owns or controls the <br />named properties; and/or <br />(iii) To any individual member of the Steen family, or <br />their heirs, which family member owns a whole or fractional interest <br />in patented or unpatented mining claims located within the two (2) <br />mile radius restriction imposed by this Agreement (and only as to such <br />owned properties), whether or not such whole or fractional interest is <br />owned outr[ght, or is scheduled for contribution to Gold Hill Ventures, <br />Ltd., as referred to in Section 17(b)(ii) above. <br />As a condition of making any assigmment under this subsection <br />effective, MI VIDA shall retain unto itself, and shall be responsible <br />hereunder, for the elimination of any scheduling conflict between MI <br />VIDA and any of the assignee parties arising from the delivery and <br />processing of priority milling ore from MI VIDA and any of the <br />assignee parties. COM, INC. shall be entitled to look to MI VIDA, and <br />solely to MI VIDA for prompt resolution of this or any conflict arising <br />as a result of any assignment hereunder by MI VIDA. <br />Nothing herein shall be interpreted as depriving Cosmos <br />Resources, Inc. of any benefit which it may indirectly receive under <br />i5 <br />
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