Integrity Metals and Mining, LLC
2360 Corporate Circle, Suite 400
Henderson, NV 89074

 
HIGHLY CONFIDENTIAL
 
August 26, 2011
Deer Trail Mining Company, LLC
14260 Garden Road, Suite A604, Poway, CA 92064
 
Mail: P.O. Box 503228, San Diego, CA 92150
 
For the attention of: Mark Lopez, CEO
Ed Winders, Chairman of the Board Deer Trail Mining company LLC (858) 837-0428
mlopez.unico@gmail.com
 
Re:     Letter of Intent Regarding Sale of Assets or Stock Purchase of Deer
Trail Mining Company. LLC

Dear Sirs:
 
WHEREAS Deer Trail Mining Company, LLC, a Nevada limited liability company
("DTM"), is engaged in the business of the exploration, development and
production of gold, silver, lead, zinc, copper and other metals,
 
WHEREAS DTM owns the patented and unpatented mining claims as well as certain
real property, equipment and other assets,
 
WHEREAS DTM is seeking to sell all of its assets, including its mineral rights,
equipment, real property and all other assets, tangible and intangible, to
Integrity Metals & Mining LLC ("IMM") as set forth below and subject to the
conditions described herein,
 
WHEREAS the Board of Directors of Unico, Inc., the parent company and sole
equity holder in DTM, has approved this Agreement and is hereby committed and
obligated to closing the transactions described below, subject only to the
satisfaction of the closing conditions set forth below, and
 
WHEREAS, the Board of Directors of IMM has approved this Agreement and is hereby
committed and obligated to closing the transactions described below, subject
only to the satisfaction of the closing conditions set forth below
 
This binding Agreement confirms the understanding, subject only to the
conditions set forth below, between DTM and IMM (collectively referred to herein
as the "Parties") with respect to (i) the sale of the DTM assets to IMM for $10
million as set forth below
 
 
 

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1. 
Representations of Integrity Metals & Mining LLC

 
Integrity Metals & Mining ("IMM") represents to Unico and DTM as follows:
 
(a)
IMM is a Nevada corporation and is qualified and authorized to enter into this
Agreement,

(b) 
IMM is a sophisticated investor, is able to evaluate the merits and risks
associated with entering into this Agreement and the transactions described
herein, and has had access to all of the information necessary or desirable to
complete its due diligence, and

(c)
IMM has all requisite power and authority to execute, deliver and perform this
Agreement.

(d) 
IMM will show Proof of Funds, upon execution of this agreement exhibiting the
ability to close this transaction in the time set forth by the Purchase
Agreement

 
2. 
Representations of Unico and DTM

 
Unico and DTM represent to IMM as follows:
 
(a) 
Unico is an Arizona corporation and Unico and/or its subsidiaries, including
DTM, are qualified to do business in all of the states in which they operate and
conduct business and are in good standing in each of these jurisdictions; the
common stock of Unico is registered under Section 12 of the Securities Exchange
Act of 1934, as amended and has filed all past quarterly reports and annual
reports with the U.S. Securities and Exchange Commission (other than the
quarterly reports for the period ended August 31, 2010, November 30, 2010 and
May 31, 2011 on Form 10-Q, and the annual report for the period ended February
28, 2011 on Form 10-K); the common stock of Unico is listed on the "Pink Sheets"
under the symbol "UNCO.PK",

(b)
DTM's assets are located at 1000 Deer Trail Mine, Marysvale, Utah,

(c) 
DTM is the legal and beneficial owner of the real property, patented claims and
unpatented mineral claims (the "Mineral Property") located near Marysvale, Utah
and as described in Exhibit "A";

(d) 
DTM holds all subsurface mineral rights to the Mineral Property and surface
rights to the patented claims free of any liens, royalties, charges or
encumbrances except as described in Exhibit "B"; there is no known impediment or
restriction that would prevent conducting exploration or that would prevent
ongoing mining operations or permitting of mine and milling operations on the
Mineral Property,

(e)  
No creditor or other third party holds any interest, royalty obligation, lien or
other encumbrance on any of the Company's assets except for the existing royalty
claim by Crown Mining

(f)  
Both Unico and DTM have all requisite power and authority to execute, deliver
and perform this Agreement.

3. 
DTM Asset/Stock Purchase Acquisition of Deer Trail Mining Company , LLC

 
Subject to the Asset Closing Conditions set forth below, IMM shall either
purchase 100% of DTM's assets, including all patented and unpatented mining
claims, real property, equipment and other assets, tangible and intangible
(including but not limited to various water rights), for an amount equal to $10
million (ten million U.S. dollars) In addition, at the Asset Closing OR
acquisition of the Deer Trail Mining Company LLC with the full understanding
that all liabilities will be deducted at time of closing, monies escrowed in
case of any outstanding judgments and or any other outstanding liabilities and
that Unico will indemnify IMM in the result of any pre-existing liabilities.
Purchase price amount equal to $10 million (ten million U.S. Dollars)
 
IMM will decide within 10 days of execution of this agreement if it will be an
asset purchase or acquisition of Deer Trail Mining Company, LLC. Unico shall pay
in full the brokerage fees due Real Service Realty LLC as set forth in Exhibit F
attached hereto.

4. 
DTM Outstanding payables

 
(a)    IMM will assist DTM in the negotiation of the immediate outstanding
payables with the vendors.
 
 
 

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5. 
IMM Exclusivity Period

The Parties agree to use their best efforts to negotiate and consummate an
Investment Transaction as soon as practical, which Investment Transaction shall
be subject to approval by the respective boards of directors of the Parties.
Unico and DTM shall be prohibited from entering into a competing transaction
with any party other than IMM for a period of 30 days after the execution of
this agreement.

6. 
Asset/Stock Closing and Asset/Stock Closing Conditions

 
The Parties agree to use their best efforts to cause the sale of DTM's assets to
IMM to close as soon as practical and in no case later than 30 days from the
date of execution of the Sales and Purchase agreement. At the Asset/Stock
Closing, the following conditions shall be satisfied:
 
(a)
IMM shall have completed its due diligence of DTM and its assets to its complete
satisfaction,

(b) 
DTM and IMM shall have entered into a definitive asset purchase agreement
setting forth the terms and conditions of the transaction ,

(c) 
The Boards of Directors of each of Unico and IMM shall each have approved the
Purchase Agreement.

 
7.
Purchase to include

 

All assets of Deer Trail Mining or all the stock of Deer Trail Mining LLC
Indemnification
 
Unico and IMM each agree, to the extent allowed under governing law, to
indemnify and hold the other party harmless from any losses, claims, damages,
suit, or liability (including attorney's fees and reasonable expenses incurred
in connection with such claims and damages) which the indemnified party may
sustain as a result of the indemnifying party breaching its representations,
warranties or covenants described herein, provided however that such
indemnification shall not be available to the extent that such losses, claims,
damages, suit, liabilities or expenses are judicially determined to have
resulted primarily from the bad faith, willful misconduct or negligence of the
party seeking indemnification. As a condition precedent to asserting a right of
indemnity, the party seeking indemnification shall have given the indemnifying
party timely written notice of the assertion of the claim to which the right of
indemnification is claimed to exist.
 
9. 
Governing Law

 
This Agreement will be governed by and construed in accordance with the
applicable governing law of the State of Utah. If a court or other tribunal of
competent jurisdiction holds any of the provisions of this Agreement to be
illegal, invalid or unenforceable in whole or in part, such provisions will be
limited or eliminated to the minimum extent necessary so that this Agreement
will otherwise remain in full force and effect.
 
10. 
Complete Agreement

 
Except as otherwise provided herein, this Agreement supersedes any and all prior
negotiations, agreements and discussions between the parties, whether oral or
written, covering the subject matter contained herein. This Agreement may not be
amended or modified except as agreed to in writing by the Parties hereto.

11. 
Miscellaneous

 
This Agreement will inure to the benefit of and be binding on the respective
successors and assigns of the parties to this Agreement. Neither party may
assign the Agreement without the prior written consent of the other party. This
Agreement may be executed in one or more counterparts, each of which so executed
shall constitute an original and all of which together shall constitute one and
the same Agreement.
 
 
 

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If the foregoing is in accordance with your understanding of our agreements,
please sign where indicated below.
 

  Yours truly,          
UNICO, INCORPORATED
           
By:
[img004.jpg]       Name:  Edward E. Winders       Title: Chairman of the Board  
       

 

 
DEER TRAIL MINING COMPANY, LLC
           
By:
[img003.jpg]       Name:        Title:    Manager             AGREED AND
CONFIRMED     INTEGRITY METALS & MINING LLC             By: [img002.jpg]      
Name: Donna Blonien       Title:    Managing Member  

 
 
 

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Integrity Metals and Mining, LLC
2360 Corporate Circle, Suite 400
Henderson, NV 89074
 
 
REAL ESTATE PURCHASE CONTRACT FOR DEER TRAIL MINE
 
 
This is a legally binding Real Estate Purchase Contract ("REPC").
OFFER TO PURCHASE
 
On this 15th day of September, 2011, Integrity Metals and Mining, LLC ("IMM" or
"Buyer") offers to purchase, , 100% of the assets of Deer Trail Mining Company,
LLC ("DTM" or "Seller"), a wholly-owned subsidiary of Unico, Inc. ("Unico").

"Reference Date" shall be September 15, 2011.

OTHER PROVISIONS
 
1. 
PROPERTY:

Deer Trail Mine to include patented and unpatented mining claims as well as
certain real property, equipment and other assets.

Subject to the Closing Conditions and other terms and conditions set forth
below, IMM shall purchase from DTM 100% of DTM's assets (the "DTM Asset
Purchase"), including all patented and unpatented mining claims, real property,
equipment and other assets, tangible and intangible (including but not limited
to various water rights), for an amount of cash paid at Closing equal to
$10,050,000 (ten million fifty thousand U.S. dollars), free and clear of all
liens and encumbrances other than the royalty agreement in favor of Crown Mines,
L.L.C. ("Crown Mines") as may be amended as to be mutually agreed to by Buyer
and Seller..

Seller shall at the Closing pay in full the brokerage fees due Real Service
Realty LLC pursuant to the terms of the real estate commission agreement between
DTM and Real Service Realty LLC dated August 18, 2011.

2. 
PURCHASE PRICE:

The Purchase Price for the Property, including amounts for the payment of
certain claims fees, is: Ten Million Fifty Thousand Dollars, US ($10,050,000)
cash at closing.

Buyer has provided and Seller has received the proof of funds sent to "DTM" for
the purchase of Deer Trail Mine.

3. 
SETTLEMENT AND CLOSING:

3.1 Settlement. Settlement shall take place no later than the Settlement
Deadline referenced in Section 24(d), or as otherwise mutually agreed by Buyer
and Seller in writing. This REPC and the obligations of Buyer and Seller
described herein shall be null and void if the Settlement shall not have taken
place by the close of business on the Settlement Deadline as referenced in
Section 24(d) below. "Settlement" shall occur only when all of the following
conditions (the "Closing Conditions") have been satisfied: (a) Buyer and Seller
have signed and delivered to each other all documents required by the REPC, by
the title insurance and escrow/closing offices, by written escrow instructions
(including any split closing instructions, if applicable), or by applicable law;
(b) any monies required to be paid by Buyer or Seller under these documents have
been delivered by Buyer or Seller to the other party, or to the escrow/closing
office, in the form of cash, wire transfer, cashier's check, or other form
acceptable to the escrow/closing office, (c) DTM shall have compiled fully with
its obligations to Crown Mines pursuant to the Right of First Refusal ("ROFR")
held by Crown Mines, and Crown Mines shall not have given Notice during the
Offer Period of its acceptance of the Offer (the preceding words in italics
refer to the defined terms as set forth in the ROFR between Crown Mines and DTM,
a copy of which has been provided to Buyer) and (d) Unico's Board of Directors
shall have received a satisfactory fairness opinion from Moody Capital LLC.
 
 
 

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3.2  Proration's. All proration's, including, but not limited to, property taxes
for the current year, and interest on assumed obligations, if any, shall be made
as of the Settlement Deadline referenced in Section 24(d), unless otherwise
agreed to in writing by the parties. Such writing could include the settlement
statement. The provisions of this Section 3.2 shall survive Closing.
 
3.3  Greenbelt. If any portion of the Property is presently assessed as
"Greenbelt" the payment of any roll-back taxes assessed against the Property
shall be paid for by Seller.
 
3.4  Fees/Costs/Payment Obligations. Unless otherwise agreed to in writing,
Seller shall pay the fee charged by the escrow/closing office for its services
in the settlement/closing process. Buyer agrees to be responsible for private
and public utility service transfer fees, if any, and all utilities and other
services provided to the Property after the Settlement Deadline. The
escrow/closing office is authorized and directed to withhold from Seller's
proceeds at Closing, sufficient funds to pay off on Seller's behalf all
mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The
provisions of this Section 3.4 shall survive Closing.
 
3.5 Closing. For purposes of the REPC, "Closing" means that: (a) Settlement has
been completed; (b) the applicable Closing documents have been recorded in the
office of the county recorder. The actions described in
 
3.5 (b) and (c) shall be completed within four calendar days after Settlement.

4.
POSSESSION:

Upon the execution of this REPC and prior to Closing, Buyer shall be entitled to
physically store, at its own cost ore, similar material, equipment or other
physical assets (the "Buyer's Materials") on Seller's property in a quantity,
location and manner as shall be determined by Seller in its sole discretion.
Buyer shall be solely responsible for determining that the storage of the
Buyer's Materials does not violate any local, State of Utah or Federal laws,
rules or regulations and shall be responsible for any loss or damages suffered
by or caused by the Buyer's Materials while on Seller's property. If the Closing
does not occur within the time periods set forth in Section 24 below, Seller is
entitled to require Buyer to remove the Buyer's Materials from Seller's property
and to restore the property on which such material was stored at Buyer's cost.
If the Buyer does not remove the Buyer's Materials within 60 days then such
Buyer's Materials shall become the property of the Seller and Buyer shall have
no rights to such Buyer's Materials. Upon execution of this agreement Seller
shall also allow Buyer access to the Seller property for due diligence or for
other purposes as Seller shall agree to in its sole discretion, provided (i)
Buyer shall notify Seller in advance of when it seeks access to the property,
(ii) Seller shall have the right to limit access to the property to periods when
Seller's representatives can accompany Buyer on the property, (iii) prior to the
Closing, Buyer shall have no right to operate any Seller equipment without
approval of Seller and must be accompanied in doing so by Seller's
representatives, and (iv) Buyer shall be responsible for any damages to or
losses suffered by Seller or any of Seller's property as a result of Buyer's
conduct on or access to Seller's property.

Seller agrees to deliver the Property to Buyer in the same general condition it
was in when Buyer inspected the property on September 6, 2011. The provisions of
this Section 4 shall survive Closing.
 
 
 

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5. 
CONFIRMATION OF AGENCY DISCLOSURE:

Buyer and Seller acknowledge prior written receipt of agency disclosure provided
by their respective agent that has disclosed the agency relationships confirmed
below. At the signing of the REPC:

Seller's and Buyer's Agent: Dan Kennedy, Real Service Realty LLC

6. 
TITLE & TITLE INSURANCE:

 
6.1 Title to Property. Seller represents that Seller has fee title to the
Property and will convey marketable title to the Property to Buyer at Closing by
general warranty deed. Title for all non-real estate assets shall be conveyed
from Seller to Buyer at Closing by assignment. Buyer does agree to accept title
to the Property subject to the contents of the Commitment for Title Insurance
(the "Commitment") provided by Seller under Section 7, and as reviewed and
approved by Buyer under Section 8. The provisions of this Section 6.1 shall
survive Closing.
 
6.2 Title Insurance. At Settlement, Seller agrees to pay for and cause to be
issued in favor of Buyer, through the Title insurance agency that issued the
Commitment, the most current version of an ALTA standard coverage owner's policy
of title insurance. Any additional title insurance coverage desired by Buyer
shall be at Buyer's expense.
 
6.3 It is understood and agreed to by the parties: "IMM" will be having a survey
done on the property and due to time constraints for closing, the survey may or
may not be completed before closing. "DTM" understands and that any
encroachments or discrepancies will be covered by the title insurance to be
provided by seller.

7. 
SELLER DISCLOSURES:

To be provided by the Seller to the Buyer within five (5) calendar days after
the Buyer and the Seller fully sign this REPC. Sellers Disclosures, shall
include: (a) a written Seller Property Condition Disclosure (Land) for the
property, completed, signed and dated by the Sellers as provided in Section
10.2; (b) Commitment for Title Insurance as referenced in Section 6.1; (c) a
copy of any restrictive covenants, rules and/or regulations affecting the
Property; (d) a copy of any lease, rental, and property management agreements
affecting the Property not expiring prior to Closing. (e) evidence of any water
rights and/or water shares in any way related to the property (f) written notice
of any claims and/or conditions known to Seller relating to environmental
problems; and violation of any federal, state or local laws, and building or
zoning code violations.

Seller has disclosed to and provided Buyer with a copy of the binding agreement
between DTM and Crown Mines, L.L.C., a Texas limited liability company ("Crown
Mines"), dated May 31, 2007, pursuant to which DTM purchased certain mineral
claims from Crown Mines and Crown Mines retained a perpetual royalty interest on
the DTM mineral claims and right of access to and across the surface of DTM's
mineral claims (the "Crown Mines Obligations"). Buyer will handle negotiations
with Crown Mines

Seller shall use its best efforts to allow Buyer to inspect its property,
assets, financial books and records related to DTM, geological maps and reports,
and other any other reports which Buyer may reasonably request upon execution of
this REPC. Buyer shall pay in advance any direct or indirect costs which Seller
may incur in allowing Buyer to inspect such material. Upon Closing, all of these
materials shall become the property of the Buyer.
 
 
 

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8. 
BUYER'S CONDITIONS OF PURCHASE:

 
8.1 DUE DILIGENCE CONDITION. Buyer's obligation to purchase the Property is
conditioned upon Buyer's Due Diligence as defined in this Section 8.1(a) below.
This condition is referred to as the "Due Diligence Condition."
 
(a) Due Diligence Items. Buyer's Due Diligence shall consist of Buyer's review
and approval of the contents of the Seller Disclosures referenced in Section 7,
and any other tests, evaluations and verifications of the Property deemed
necessary or appropriate by Buyer, such as: the physical condition of the
Property; the existence of any hazardous substances, environmental issues or
geologic conditions; the square footage or acreage of the Property; the costs
and availability of flood insurance, if applicable; water source, availability
and quality; the location of property lines; regulatory use restrictions or
violations; fees for services such as municipal services, and utility costs; and
any other matters deemed material to Buyer in making a decision to purchase the
Property. Unless otherwise provided in the REPC, all of Buyer's Due Diligence
shall be paid for by Buyer and shall be conducted by individuals or entities of
Buyer's choice. Seller agrees to cooperate with Buyer's Due Diligence. Buyer
agrees to pay for any damage to the Property resulting from any such inspections
or tests during the Due Diligence. In addition, the Buyer agrees to indemnify
and hold Seller harmless from any injuries which might occur during Due
Diligence or other inspections by Buyer or Buyer's agents.
 
(b) Buyer's Right to Cancel or Resolve Objections. If Buyer determines, in
Buyer's sole discretion, that the results of the Due Diligence are unacceptable,
Buyer may either: (i) no later than the Due Diligence Deadline referenced in
Section 24(b), cancel the REPC by providing written notice to Seller or (ii) no
later than the Due Diligence Deadline referenced in Section 24(b), resolve in
writing with Seller any objections Buyer has arising from Buyer's Due Diligence.
 
(c) Failure to Cancel or Resolve Objections. If Buyer fails to cancel the REPC
or fails to resolve in writing any objections Buyer has arising from Buyer's Due
Diligence, as provided in Section 8.1(b), Buyer shall be deemed to have waived
the Due Diligence Condition.

8.2 APPRAISAL CONDITION. Buyer's obligation to purchase the Property is not
conditioned upon the Property appraising for not less than the Purchase Price.
 
8.3 FINANCING CONDITION. Buyer's obligation to purchase the property is not
conditioned upon Buyer obtaining a loan for the purchase.
 
9. 
ADDENDA:

 
The terms of any addenda are incorporated into the REPC only upon the full
endorsement of Buyer and Sellers.
 
10. 
"AS-IS" CONDITION OF PROPERTY:

 
10.1 Condition of Property/Buyer Acknowledgements. Buyer acknowledges and agrees
that in reference to the physical condition of the Property: (a) Buyer is
purchasing the Property in its "As-Is" condition without expressed or implied
warranties of any kind; (b) Buyer shall have, during Buyer's Due Diligence as
referenced in Section 8.1, an opportunity to completely inspect and evaluate the
condition of the Property; and (c) if based on the Buyer's Due Diligence, Buyer
elects to proceed with the purchase of the Property, Buyer is relying wholly on
Buyer's own judgment and that of any contractors or inspectors engaged by Buyer
to review, evaluate and inspect the Property.
 
10.2 Condition of Property/Seller Acknowledgements. Seller acknowledges and
agrees that in reference to the physical condition of the Property, Seller
agrees to: (a) disclose in writing to Buyer defects in the Property known to
Seller that materially affect the value of the Property that cannot be
discovered by a reasonable inspection by an ordinary prudent Buyer; (b)
carefully review, complete, and provide to Buyer a written Seller Property
Condition Disclosure (Land) as stated in Section 7(a); and (c) deliver the
Property to Buyer in substantially the same general condition as it when Buyer
inspected the property on September 6, 2011. The provisions of Sections 10.1 and
10.2 shall survive Closing.
 
 
 

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11. 
NON-COMPETE:

 
For a period of ten years after the Closing, Unico (i) shall not acquire or seek
to acquire any mineral claims, mining property or other real property located
within a 20 mile radius of DTM, including but not limited to any properties
owned by Crown Mines within such designated area, and (ii) shall not enter into
any mining operations in any capacity within the 20 mile radius of DTM.

12. 
CHANGES DURING TRANSACTION:

 
Seller agrees that from the date of Acceptance until the date of Closing, none
of the following shall occur without the prior written consent of Buyer: (a) no
changes in any leases, rental or property management agreements shall be made;
(b) no new lease, rental or property management agreements shall be entered
into; (c) no substantial alterations or improvements to the Property shall be
made or undertaken; (d) no further financial encumbrances to the Property shall
be made, and (e) no changes in the legal title to the Property shall be made.

13. 
AUTHORITY OF SIGNERS:

 
If Buyer or Seller is a corporation, partnership, trust, estate, Limited
Liability Company or other entity, the person signing the REPC on its behalf
warrants his or her authority to do so and to bind Buyer and Seller.
 
14. 
COMPLETE CONTRACT:

The REPC together with its addenda, any attached exhibits, and Seller
Disclosures (collectively referred to as the "REPC"), constitutes the entire
contract between the parties and supersedes and replaces any and all prior
negotiations, representations, warranties, understandings or contracts between
the parties whether verbal or otherwise. The REPC cannot be changed except by
written agreement of the parties.

15. 
MEDIATION:

Any dispute relating to the REPC arising prior to or after Closing shall first
be submitted to mediation, however in no event shall any mediation be cause or
postpone the Closing date. Mediation is a process in which the parties meet with
an impartial person who helps to resolve the dispute informally and
confidentially. Mediators cannot impose binding decisions. The parties to the
dispute must agree before any settlement is binding. The parties will jointly
appoint an acceptable mediator and share equally in the cost of such mediation.
If mediation fails, the other procedures and remedies available under the REPC
shall apply. Nothing in this Section 15 prohibits any party from seeking
emergency legal or equitable relief, pending mediation. The provisions of this
Section 15 shall survive Closing.

16. 
DEFAULT:

 
16.1 Buyer Default. If Buyer defaults, Seller may elect one of the following
remedies: (a) cancel the REPC and pursue any other remedies available at law.
 
16.2 Seller Default. If Seller defaults, Buyer may elect one of the following
remedies: (a) cancel the REPC and pursue any other remedies available at law
 
 
 

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17. 
ATTORNEY FEES AND COSTS/GOVERNING LAW:

In the event of litigation or binding arbitration to enforce the REPC, the
prevailing party shall be entitled to costs and reasonable attorney fees.
However, attorney fees shall not be awarded for participation in mediation under
Section 15. This contract shall be governed by and construed in accordance with
the laws of the State of Utah. The provisions of this Section 17 shall survive
Closing.

18. 
NOTICES:

Except as provided in Section 23, all notices required under the REPC must be:
(a) in writing; (b) signed by the Buyer or Seller giving notice; and (c)
received by the Buyer or the Seller, or their respective agent, or by the
brokerage firm representing the Buyer or Seller, no later than the applicable
date referenced in the REPC.
 
19. 
NO ASSIGNMENT:

The REPC and the rights and obligations of Buyer hereunder, are personal to
Buyer. The REPC may not be assigned by Buyer without the prior written consent
of Seller. Provided, however, the transfer of Buyer's interest in the REPC to
any business entity in which Buyer holds a legal interest, including, but not
limited to, a family partnership, family trust, limited liability company,
partnership, or corporation (collectively referred to as a "Permissible
Transfer"), shall not be treated as an assignment by Buyer that requires
Seller's prior written consent. Furthermore, the inclusion of "and/or assigns"
or similar language on the line identifying Buyer on the first page of the REPC
shall constitute Seller's written consent only to a Permissible Transfer.
 
20. 
RISK OF LOSS:

If prior to Closing, any part of the Property is damaged or destroyed by fire,
vandalism, flood, earthquake, or act of God, the risk of such loss or damage
shall be borne by Seller except as set forth below; provided however, that if
the cost of repairing such loss or damage would exceed ten percent (10%) of the
Purchase Price referenced in Section 2, Buyer may elect to either: (i) cancel
the REPC by providing written notice to the other party, in which instance the
Earnest Money, or Deposits, if applicable, shall be returned to Buyer; or (ii)
proceed to Closing, and accept the Property in its "As-Is" condition. Buyer
shall bear the risk of any loss or damage to the ore or other material or
equipment that it stores on the Property prior to Closing pursuant to Section 4
above.

21. 
TIME IS OF THE ESSENCE:

Time is of the essence regarding the dates set forth in the REPC. Extensions
must be agreed to in writing by all parties. Unless otherwise explicitly stated
in the REPC: (a) performance under each Section of the REPC which references a
date shall absolutely be required by 5:00 PM Mountain Time on the stated date;
and (b) the term "days" and "calendar days" shall mean calendar days and shall
be counted beginning on the day following the event which triggers the timing
requirement (e.g. Acceptance). Performance dates and times referenced herein
shall not be binding upon title companies, lenders, appraisers and others not
parties to the REPC, except as otherwise agreed to in writing by such non-party.
 
22. 
ELECTRONIC TRANSMISSION AND COUNTERPARTS:

Electronic transmission (including email and fax) of a signed copy of the REPC,
any addenda and counteroffers, and the retransmission of any signed electronic
transmission shall be the same as delivery of an original. The REPC and any
addenda and counteroffers may be executed in counterparts.
 
 
 

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23.
ACCEPTANCE:

"Acceptance" occurs only when all of the following have occurred:

(a) Seller or Buyer has signed the offer or counteroffer where noted to indicate
acceptance; and (b) Seller or Buyer or their agent has communicated to the other
party or to the other party's agent that the offer or counteroffer has been
signed as required.

24.
CONTRACT DEADLINES:

 
Buyer and Seller agree that the following deadlines shall apply to the REPC: If
the closing of the transactions contemplated by this agreement do not occur by
the Settlement Deadline (as may be extended by mutual written consent of the
parties), then this agreement and the obligations of Buyer and Seller set forth
herein shall be null and void.
 
(a) Seller Disclosure Deadline:                                           Five
(5) calendar days after Acceptance
(b) Proof of
Funds:                                                              (has been
provided to seller)
(c) Due Diligence Deadline:                                               Twenty
five (25) calendar days after Acceptance
(d) Settlement Deadline:                                                    
Thirty (30) calendar days after Acceptance of this Purchase Agreement
 
25.
OFFER AND TIME FOR ACCEPTANCE:

It is agreed and understood by the parties: the prior signed and attached LOI
shall become a legal and binding part of this purchase agreement. Should there
be any discrepancies: this purchase agreement will prevail as the binding
agreement. It is also understood and agreed by the parties: this agreement is to
be held private between Buyer and Seller and will not be disclosed without the
prior written consent of Buyer to any third party other than Crown Mines (in
accordance with the terms of the ROFR between Crown Mines and Seller) or as
Unico may be required to disclose, upon the advice of legal counsel, in its
filings with the U.S. Securities and Exchange Commission.
 
 
 

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Buyer offers to purchase the Property on the above terms and conditions.
 

[img001.jpg]   09/15/2011   (Buyer's Signature)    Date  

 
[img005.jpg]
   
IF YOU DESIRE SPECIFIC LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL.
 
 
 

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