2011-10-18_REVISION - M1977410 (3)

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• I 111111911,1111Iq@ N111111111I1111WNN ,- !.?i I I11VWIIIIfl6a31 • and deed of trust upon which an amount is still owing by Aardvark to Calais by reason of the original purchase which debt shall be offset at closing. 2.3 During the currency of this Agreement, Calais shall keep the Property in good standing, free and clear of all liens and encumbrances resulting from its activities on the Property, and shall maintain adequate insurance coverage protecting the parties to this Agreement from third party claims. During the currency of the Agreement, Calais shall pay any property or ad valorem taxes which may fall as due from time to time. 3. Acquisition of Interest in the Property 3.1 At such time as Calais has made the required payment in accordance with Paragraph 2.2 above, within the time period specified, Aardvark shall give to Calais a general warranty deed for the property, whereupon Calais shall become the owner of the Property. 4. . Right of Entry 4.1 Except as otherwise provided in this Agreement, throughout the term of ' this Agreement, Calais and its servants, agents and independent contractors, shall have the right in respect of the Property to: (a) Enter in, under and upon the Property; • (b) Have quiet possession of the Property; (c) Do such prospecting, exploration, development and/or other mining work thereon and thereunder as it in its sole discretion may determine advisable (d) Bring upon and erect upon the Property buildings, plants, machinery and equipment as Calais may deem advisable; and (e) Remove from the Property and dispose of ores, minerals and metals. 5. Restrictions on Alienation 5.1 Aardvark shall not transfer, convey, assign, mortgage or grant an option in respect of or grant a right to purchase or in any way transfer, encumber or alienate all or any portion of its interest in the Property. 21my61es1JthdckAalafsg Maidvark- alais Agrees #2 3 Page 127 IIIIIIIIUIII 20 R 60.00 D 0.00