2011-10-18_REVISION - M1977410 (3)

Home Browse Search

• F:91954fi2 1IIIt11 1111111111 1 111111111111111111111 111�11� 1121 I1:S1A Bou der ounty Clark, CO AG .R 65.01) D 0.00 .. 1. Representations and Warranties • • (b) i i i Sou der County Clerk, CO i 111111 Page: a or is : 00/04 0139P R 60.00 D 0.00 1.1 Each party represents and warrants to the other party hereto that: (a) The parties have full power and authority to enter into this Agreement and any agreement or instrument referred to or contemplated by this Agreement; Neither the execution and delivery of this Agreement nor any of the agreements contemplated hereby, nor the consummation of the transactions hereby contemplated, conflict with, or result in the breach of, or accelerate the performance required by any agreement to which they are a party; and (c) The parties will diligently and in good faith perform their duties and obligations of this Agreement in the event of a party conducting or supervising exploration and development then it shall conduct or supervise the same in a careful, diligent, efficient and professional manner and shall keep the Property in good standing. 1.2 Aardvark represents and warrants to Calais that: (a) It is the legal owner of all of the land and mineral interests comprising the Property, free and clear of all liens, charges and claims of others, and, except as disclosed herein, no taxes or rentals are due in respect of any thereof, Aardvark has free and unimpeded right of access to the Property and Aardvark has use of the Property surface for the herein purposes; and The mineral and land interests comprised in the Property have been duly and validly recorded pursuant to the laws of the jurisdiction in which the Property is situate and the Property is in good standing with the Boulder County Clerk and Recorder, on the date of this Agreement. (b) 2. Grant and Maintenance of the Right 2.1 Aardvark hereby gives and grants to Calais the right to redeem the Property in accordance with the terms and conditions of this Agreement (the "Right ") and to re- acquire title hereto. Section 2.2 is not included since it contains financial information not necessary to demonstrate right of entry. Page 126