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APR. 4. 2006 11:54AM <br />(b) conduct all work on or with respect to the Properties in a careful and minerlike • <br />manner and in compliance with all applicable frderal, state and local lavers, rules, <br />orders and regulations. <br />7.6 During the currency of Oda Agreement Global, its employees, agents and independent <br />contractors will have the sole and oxclasive right to: <br />(a) enter upon the Propertles; <br />(b) have exclusive and quiet possession thereof; <br />(c) do such prospedi & Exploration, Development, Mining or Milling work thereon <br />and thereunder as Global in its sole discretion may consider advisable; and <br />(d) have the use and enjoyment of all such lmprovements, mills and facilities as may <br />be on the Properties or which Global in its sole discretion may erect upon the <br />properties. <br />S. PROPERTY OWNERS' RIGHTS AND OBLIGATIONS <br />8.1 The Property Owners shall provide Global with unrestricted access to the Properties and <br />any mills or facilities which rnAy presently be erected or locaWd on the Properties. <br />8.2 The Property Owners shall make available to Global and its representatives all records <br />and files in the possession of the Property Owners rotating to the Properties. <br />8.3 The Pmpaty Owners shall keep the Properties free and clear of all liens, charges and • <br />encumbrances and keep the Properties in good standing by making all lease payments <br />and other payments as are necessary and by doing of all other acts and things which may <br />be reasonably necessary to keep the Properties in good standing during flee currency of <br />this Agreement. <br />9. ALLOCATION OF AVAILABLE CASH FLOW <br />9.1 The Available Cash Flow will be applied in priority as follows: <br />(a) payment of the NSR; <br />(b) repayment to Global of all Costs insured by Global prior to the generation of <br />Available Cash Flow in accordance with the terms of this Agreement; and <br />(c) any amount remaining will be paid to the Parties in accordance with their <br />respective Parting Inttwests in the JV (i.e. 50% to Global and 50% to the <br />ply Owners, unless the Property Owners have elected to convert their <br />interest in the JV to an NM in which event Global will be paid 100% of the <br />remaining Available Cash Flow). <br />NADJM\Cli6ntg\7641Prnpenyl0Wd HllA"Ildoc <br />0