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2011-08-09_REVISION - M1981185 (51)
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2011-08-09_REVISION - M1981185 (51)
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Last modified
6/15/2021 5:58:15 PM
Creation date
8/10/2011 10:44:51 AM
Metadata
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Template:
DRMS Permit Index
Permit No
M1981185
IBM Index Class Name
REVISION
Doc Date
8/9/2011
Doc Name
CN-01 112d permit application Exhibit N thru O
From
Wildcat Mining Corporation
To
DRMS
Type & Sequence
CN1
Email Name
WHE
Media Type
D
Archive
No
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410 <br />from any claim, damage or demand by reason of injury to Lessor's <br />representatives, invitees or the like incurred as a result of their <br />inspecting the Mining Properties. <br />VII. Mutual Area of Interest <br />• <br />7.1 Additional Property Within Boundaries. If Lessee discovers any parcel <br />of open or unlocated ground within the boundaries of the Mining Properties, <br />such parcels may be located by Lessee under the Mining Laws of the United <br />States in the name of the Lessors and be considered and treated as a part of <br />the Mining Properties covered by this Lease. <br />7.2 Other Mutual Area Property. If during the term of this Lease any <br />unpatented mining claims should be located or other property interests <br />acquired by either party, within an area of three (3) miles from the perimeter <br />of the boundaries of the Mining Properties, the same will be deemed a part <br />of the Mining Properties subject to this Lease. <br />• 7.3 Exclusion from Mutual Area. <br />(a) It is the intent of the Lessee and Lessor that the Mutual Area of <br />Interest shall apply solely to claims or permits, rights or leases acquired <br />by the Lessee from the state or federal government and which are <br />situated within the external boundaries of the Mining Properties, and the <br />Mutual Area of Interest shall not apply to privately owned adjacent, <br />contiguous or other lands or leases, claims or permits. <br />VII. Termination <br />8.1 Lessee's Termination. It is expressly understood between the parties <br />hereto, anything herein contained to the contrary notwithstanding, that <br />continuance of this Lease is optional with Lessee. Lessee may terminate this <br />Lease at any time upon ninety (90) days written notice prior to the effective <br />date of such termination and, thereupon, all its obligations and liabilities <br />hereunder shall immediately cease and terminate, except liability on account <br />of any obligation incurred and owing at the time of such termination, <br />including a portion of the property taxes prorated for the calendar year as of <br />the effective date of termination. Lessee shall prepare and record in the <br />county records an instrument showing such termination. <br />10 <br />
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