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APR. 4.2006 11; 54AM r,_..} <br />-6- <br />(b) conduct all work on or with t+eapect tol'hcthe Properties in a careful and minerlike <br />able Moral, slat and o? ws, rules • <br />manner and in compliance with all app <br />orders and =Vdations. <br />the currency of this Agreement Global, its employees, agents and independent <br />7 •6 During <br />contractors will have the sole and wabsimro right to, <br />(a) enter upon the Properties; <br />(b) have exclusive sad quiet possession thereof; <br />do such P &ploration,. Development, Mining or Milling work thereon <br />(c) <br />and thereunder as Global in its sole discretioa may consider advisable; and <br />(d) have the use and enjoyment, of all much improvements, 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 OWl+(IERS' RIGHTS ANT) OBLIGATIONS <br />8.1 The prop" Owners shall provide Global with unrestricted access to the Properties and <br />any mills or facilities which msy press y be avctcd or located on the Properties. <br />82 The Property Owners shall make available to Global and its representatives all records <br />and files in the possession of the Property Owners relating to the Propertim <br />8.3 11ie ply owners shell keep the Properties free and clear of all liens, charges and • <br />encumbrances and keep the Propwflos in good standing by making all lease payments <br />and other payments as are necessary and by doing of all other eats and things which may <br />be reasonably necessary to keep the Properties in good standing during the 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 incurred 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 Partiei wting Interests in the IV (i.e. 50% to Global and 506A to the <br />Ply Owners, unleas the Property Owners have elected to convert their <br />interest in the JV to are NSR, in which event Global will be paid 100% of the <br />remaining Available Cash Flow). <br />N.\DJMICIiea j04\p,- W\(Wd HiOMP13.d" <br />•