Exhibit 10.7


 


TENTH AMENDMENT TO CAMPBELL/SIMPSON TONKIN SPRINGS

VENTURE LIMITED PARTNERSHIP TONKIN MINERAL LEASE


 


This Amendment Number Ten (“Amendment”), dated this
30th day of April, 1993 (“Effective Date”), is made to that certain Tonkin
Mineral Lease, dated January 1, 1986 (the “Lease”) between LYLE F.
CAMPBELL, a single man, and JULIAN E. SIMPSON and JEAN C. SIMPSON, husband and
wife (collectively, “Lessor”) and TONKIN SPRINGS VENTURE LIMITED PARTNERSHIP
(the “Lessee”).


 


RECITALS


 


A.                      The
United States Congress has amended the General Mining Law of 1872 to replace
the assessment work requirement for the assessment work years ending September 1,
1993 and September 1, 1994, with a claim rental fee of $200 per claim for
those two years. That fee must be paid on or before August 31, 1993.


 


B.                        Articles
8 and 19 of the Lease currently require the Lessee to perform assessment work
on unpatented mining claims included within the Mineral Prospect if the Lease
is partially or wholly surrendered and terminated by the Lessee with respect to
those claims less than 90 days prior to the end of the then-current assessment
work year.


 


C.                        Lessee
is negotiating with a party who may provide funds to continue payments under
the Lease, but that party requires a “due diligence” period through at least June 30,
1993, in which to decide whether to provide such funds and to decide which of
the unpatented mining claims within the Mineral Prospect to retain if it elects
to proceed.


 

















 


NOW, THEREFORE, in consideration of the mutual benefits
to be obtained by Lessor and Lessee pursuant to this Amendment, Lessor and
Lessee hereby agree as follows:


 


1.                          This
Amendment applies only to the assessment work years ending on September 1,
1993 and September 1, 1994.


 


2.                          Notwithstanding
the provisions of Articles 8 and 19 of the Lease, Lessee shall be entitled to
release unpatented mining claims included within the Mineral Prospect without
being obligated to perform assessment work or pay claim rental fees, but only
as to the claims so released, if such release is provided in writing as
provided in Article 19 of the Lease on or before July 2, 1993.


 


3.                          Except
as expressly amended above, the Lease shall remain in full force and effect in
accordance with its original terms as modified by the nine (9) prior
amendments.


 


4.                          Nothing
herein shall be construed or is intended to release Lessee from its obligations
to pay said fees and to perform assessment work that is necessary to maintain
the claims, as to any unpatented mining claims not released from the Lease on
or before July 2, 1993.


 


IN WITNESS WHEREOF, the parties have executed this
TENTH (10th) AMENDMENT as of the date first above written.


 


	
   

  	
   

  	
  LESSOR:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LYLE
  F. CAMPBELL TRUST

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/
  Lyle F. Campbell

  
	
   

  	
   

  	
   

  	
  Lyle
  F. Campbell, Trustee

  



 


2

















 


	
   

  	
   

  	
  JULIAN
  E. SIMPSON

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  Julian E. Simpson

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JEAN
  C. SIMPSON

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  Jean C. Simpson

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LESSEE:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TONKIN
  SPRINGS GOLD MINING 

  COMPANY, for itself and as 

  General Partner for TONKIN 

  SPRINGS VENTURE LIMITED 

  PARTNERSHIP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/
  William W. Reid

  
	
   

  	
   

  	
   

  	
  William
  W. Reid, President

  



 


 


	
  STATE OF NEVADA

  	
  }

  
	
   

  	
  }
  ss.

  
	
  COUNTY OF WASHOE

  	
  }

  



 


Before me personally appeared Lyle F. Campbell,
Trustee of the Lyle F. Campbell Trust, on this 7th day of May, 1993,
and executed the above TENTH AMENDMENT TO CAMPBELL/SIMPSON TONKIN SPRINGS
VENTURE LIMITED PARTNERSHIP TONKIN MINERAL LEASE and acknowledged to me that he
executed the same in that capacity.


 


Witness my hand and official seal.


 


	
  My commission expires:
  DEC 17, 1995

  	
   

  
	
   

  	
   

  
	
  (seal)

  	
   

  	
  /s/ Susie Dearborn

  	
   

  
	
   

  	
   

  	
  NOTARY PUBLIC

  	
   

  
					



 


	
  (SEAL)

  	
  NOTARY PUBLIC

  STATE OF NEVADA

  County of Washoe

  Susie Dearborn

  My Appointment Expires Dec. 17,
  1995

  	
   

  	
   

  



 


	
  STATE OF HAWAII

  	
  }

  
	
   

  	
  }
  ss.

  
	
  COUNTY OF MAUI

  	
  }

  



 


Before me personally appeared Julian E. Simpson on
this 6th day of May, 1993, and executed the above TENTH


 


3

















 


AMENDMENT TO
CAMPBELL/SIMPSON TONKIN SPRINGS VENTURE LIMITED PARTNERSHIP TONKIN MINERAL
LEASE.


 


Witness my hand and
official seal.


 


	
  My
  commission expires: 06/06/95

  	
   

  
	
   

  	
   

  
	
  (seal)

  	
   

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  NOTARY PUBLIC

  	
   

  
					



 


(SEAL Affixed)


 


	
  STATE OF HAWAII

  	
  }

  
	
   

  	
  }
  ss.

  
	
  COUNTY OF MAUI

  	
  }

  



 


Before me personally appeared Jean C. Simpson on this
6th day of May, 1993, and executed the above TENTH AMENDMENT TO CAMPBELL/SIMPSON TONKIN SPRINGS
VENTURE LIMITED PARTNERSHIP TONKIN MINERAL LEASE.


 


Witness my hand and official seal.


 


	
  My
  commission expires: 06/06/95

  	
   

  
	
   

  	
   

  
	
  (seal)

  	
   

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  NOTARY PUBLIC

  	
   

  
					



 


(SEAL Affixed)


 


	
  STATE OF COLORADO

  	
  }

  
	
   

  	
  }
  ss.

  
	
  COUNTY OF DENVER

  	
  }

  



 


Before me personally appeared William W. Reid,
President of TONKIN SPRINGS GOLD MINING COMPANY, for itself and as General
Partner for TONKIN SPRINGS VENTURE LIMITED PARTNERSHIP on this 19th
day of May, 1993, and executed the above TENTH AMENDMENT TO CAMPBELL/SIMPSON
TONKIN SPRINGS VENTURE LIMITED PARTNERSHIP TONKIN MINERAL LEASE, and
acknowledged to me that he executed the same in that capacity.


 


Witness my hand and
official seal.


 


	
  My
  commission expires: 3-25-96

  	
   

  
	
   

  	
   

  
	
  (seal)

  	
   

  	
  /s/ Sandra J. Harden

  	
   

  
	
   

  	
   

  	
  NOTARY PUBLIC

  	
   

  
					



 


(SEAL Affixed)


 


	
   

  	
  BOOK 264 PAGE 016

  OFFICIAL RECORDS

  RECORDED AT THE REQUEST OF

  
	
   

  	
  Tonkin Springs

  
	
   

  	
  ’94 JAN 27 P2:05

  
	
   

  	
   

  
	
   

  	
  EUREKA COUNTY, NEVADA

  M.N. REBALEATI RECORDER

  FILE NO.                                                        FEE
  $ 10.00

  150213                       

  



 


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