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FEB-02-1499 13:41 <br />Sent By:.At1ENIr;AN SOOe; <br />FROM STEIGERS CORPORATION <br />• <br />9709289883; <br />TO <br />~an•1B•tw 9:02A-1; <br />3038328106 P.04 <br />rage a <br />Z .The parties hereby agFee to peepers, execute and <br />deliver ~~ n es may be required by the Bateau of Land <br />Maltagetnent 11i ' r to ' nsummate the complete trartskr eosteatplated Herein. <br />The coat of leasgnettee shall be borate by Soda- <br />of flu daa of tl~da <br />hebd uadr or k e~ <br />or athas title retsn <br />possession of t5e <br />rssa'ietiotts on ar <br />slut ors free sad c <br />onstditlom, or test <br />payable. There: is <br />proceeding or ga <br />form of tHreats:m <br />the Preferaece Eel,! <br />Rtghe Lease aas~r <br />outptlc or requtr+e <br />erttsf;. Iaaaa. `Diet <br />ageeateat. <br />~ J~ <br />Aselgamett, as <br />Gulch joint VQ <br />dead Febntart <br />joist Vesture A <br />acquisition of <br />Agctsmeat of e <br />LeClair, I. Ands <br />Veattia~e and rm <br />tease, security r <br />sectaity arrs~ <br />Tire <br />eta free and dear <br />than as saved lira <br />ertcstntbtanoai` e9 <br />cvreatt fazes trot <br />legal, admintataa~ <br />or threatened (iiu <br />the jotat Venture; <br />Venture. <br />'Eris <br />sot bound by, an <br />ns of the Toint Venture. The joint Venttue reprsaenb, as <br />watt. as fplbws: None of the Ptefers'nce Eligttt Leases is <br />any leaas~. security aglsmtsnt. condttlpnai sales contract, <br />Kcttrity atrangemertk or is located other than in the <br />tears. The Preference Right Coates are free and clear of <br />as to transtet or asdgnmsltt outer Chas as stated therrirti <br />ens. Pledgee. charges, artntmbsaeu~s, equates. ciairtu, <br />except for any lien for ctr:r~eett taxes not yet due and <br />suit, aaron, arbitration, or legal. adalutiserative or other <br />tar invssdgatlon, pending or threatened (ineludlltg is the <br />rpraeetttatlvea of the Joint Vmtere), against or affecting <br />~. The Joint Venture u nor a party to, and the L reference <br />d by, any of the following: (i) any supply, purchase. silo. <br />Reeatmt: or (ii) any loan. irtdmture, mortgage, deed of <br />agreement, pasb~ership agreement, or factoring <br />Ana of A ~ ~ Alkali repressnts, as of the date of this <br />111ra1i owns a 100% undivided ir-tetset in the Yankee <br />h was Qeetad purntaat to elf. Joint Veattm Agreaa-att <br />a amaztded b! the First Ama:tdatent to flee Yaaktta Gttlcti <br />dated November 15, 7991 and Alkali ooolplettd in <br />lulled interest pursuant to that cettaaa Purchase and Sale <br />,erewith by and between Multi-Minerals, Inc. Nike D. <br />and Alkali. None of Alkali's iateteats in the Joint <br />'referettoe Rlghc teasel is held under or is suiz'yeet to any <br />condttfonat tales rnntract, or other tltla ntRtttion or <br />a located other than in the possession of the Joint Venture. <br />e Right Leases and Alkali's intvrasts in the Joint Venturt <br />lions on err conditons to transfer or assi~atent outer <br />are free and Clear of ]tees, pledges, charges, <br />uma, conditions, or rsatrictfans, except for any lien far <br />nd payable. There i, net any suit, actloat, arbitratton, or <br />her prooeadittg or gavartarerttal isvestigatlon, petdlttg <br />~ the loner of threan made to repraentativas of Alkali or <br />or affecting the PteEerenct Right Leases or the Joint <br />is not a party to, and eta Prefereltae Right Leases are <br />ing: (i) any supply, ptteehaae, sale, output or <br />