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<br />9. Time of the Essence. <br />Time shall be of the essence of this Option Agreement. <br />10. The rights and duties in the Option Agreement and any <br />Contract are binding and for the benefit of the parties, their <br />assigns, successors, and legal and personal representatives. <br />SELLER: <br />October 16, 1998 [t~f~fh/-Q• Z~~n%~!~ <br />Date of Seller's signature Esther J. Wetzel, a~.a. <br />Esther Weitzel <br />BUYER: <br />October 16, 1998 <br />Date of Buyer's signature <br /> <br />Connell Resources, Inc., a <br />Colorado corp ation <br />By: <br />Richard Connell, President <br />3 <br />