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<br /> <br /> <br /> <br />4. ~ Hartley and Tatman hereby sell, convey and transfer and LLC does so acquire <br />said ownership of all said shares of Lincoln effective February 2, 1996, and LLC does <br />hereby grant to Hartley and Tatman, respectively, the said 33 percent and 16 percent <br />membership interests in LLC effective February 2, 1996. <br />5. Lincoln Asset. Hartley and Tatman represent and warrant that the principle <br />asset of Lincoln is that certain mining lease dated March 1, 1995, between Kevin Bettale, <br />Michal Bettale, and Douglas K. Barnett {jointly referred to as "Lessors") and Thames Edwin <br />~" Hartley ("Lessee"), for the premises situate lying and being in the Spanish Bar Mining <br />~\~' ,,~ ' District, in Clear Creek County, State of Colorado, a/k/a the "Lincoln Mine," and further, <br />tis arrant that good title to said ]ease for its twenty (20)-year term, without <br />,,5~ defect, lien or encumbrance, subeec only to that dispute between Lessor and Lessee <br />pertaining to Lessors' notice of termination of the said lease to Lessee and Lessee's contest <br />of the said notice, and that certain pending memorandum of agreement between the parties <br />resolving the said Lincoln Mine lease termination, to be finally executed on or before <br />~~,~, t , 1996. <br />'"'~ Indemnification. Hartley and Tatman hereby expressly agree to hold harmless <br />and indemnify LLC for any loss, damage, costs, expenses, fees, including any reasonable <br />attorney's fees, and interest incurred by LLC as a result of any failure of ownership or title, <br />free from any defect, lien or encumbrance or termination by Lessors concerning and <br />affecting the said twenty-year term of the said Lincoln Mine lease. <br />7. Complete Agreement. This Agreement is the full and complete agreement <br />of the parties with respect to the subject matter hereof, and supersedes any and all prior <br />agreements or understandings, whether written or otherwise, between the parties hereto <br />with respect to the matters addressed herein above. <br />8. Venue and Choice of Law. This Agreement is enforceable in the District <br />Courts of the State of Colorado and shall~be g-o~v~erned~by.Colorad{o law. <br />NEWMINECO LLC 1~~~~ ~d-.:~^~-- <br />Thames Edwin Hartley <br />/~ . // /) <br />By. C.: l...Yii. Y ]~' /.'~1 L ~:~i~ <br />" Paul Moran, Mana~r <br />~%~~~ <br />V~ayne Tatman <br /> <br />x <br /> <br /> <br />2 <br />