Exhibit 10.14


 


 






 


PURCHASE AND SALE AGREEMENT


(Oldroyd Properties)


 


 






 


This PURCHASE AND SALE AGREEMENT (“Agreement”)
is made and entered into as of the 14 day of June, 2019 (the “Effective Date”), by and between [***], an individual, whose address is [***] (“Seller”), and TINTIC
COPPER AND GOLD, INC., a Utah corporation, whose address is 201 S. Main St., Suite 1100, Salt Lake City, Utah 81111 (“Buyer”).


 


RECITALS


 


WHEREAS, Seller is the owner of two patented mining
claims located in Juab County, State of Utah, as more particularly described on attached Exhibit A (the “Mining
Claims”).


 


WHEREAS, Seller desires to sell to Buyer the Mining
Claims, together with any and all interests, rights and appurtenances thereto, and with any and all tenements, hereditaments, and appurtenances
thereunto belonging (collectively with the Mining Claims, the “Subject Property”); and


 


WHEREAS, Buyer desires to purchase and acquire
the Subject Property from Seller, all subject to and in accordance with the terms and conditions of this Agreement.


 


AGREEMENT


 


NOW, THEREFORE, in consideration of the foregoing
premises, the mutual covenants and agreements hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged by the parties, Seller and Buyer agree as follows:


 


1.            Sale
and Purchase. Subject to and upon the terms and conditions of this Agreement, Seller hereby transfers, grants and conveys to Buyer,
and Buyer hereby acquires from Seller, the Subject Property.


 


2.            Purchase
Price. The aggregate amount to be paid by Buyer to Seller for the acquisition of the Subject Property shall be [***] (the “Purchase Price”).


 


3.            Prorations
and Credits. Buyer and Seller agree that Buyer shall pay all closing costs and all real property taxes, assessments and other similar
matters pertaining to the Subject Property, including those due on November 30, 2019, and that no prorations or credits are to be
made or due.


 


4.            The
Closing. The closing (the “Closing”) of the transaction contemplated by this Agreement shall be held concurrent
with the execution of this Agreement (the “Closing Date”).


 


At the Closing the following shall occur, all of
which shall be considered as taking place simultaneously:


 


(a)            The
Seller shall execute a fully-executed Special Warranty Deed (the “Deed”) for the Subject Property in the form
attached hereto as Exhibit B.


 


(b)            The
Buyer shall deliver to the Seller the Purchase Price.


 






     


     


    

 


(c)            The
Seller and Buyer shall execute such documents and, further, take such other actions as are reasonably necessary and appropriate to effectuate
the Closing in accordance with this Agreement.


 


5.            Buyer’s
Representations. The Buyer represents to Seller as of the date hereof Buyer has the requisite right, power and authority to enter
into this Agreement without obtaining the consent or approval of any governmental authority or any other person or entity to which Buyer
may be subject.


 


6.            Seller’s
Representations. The Seller represents to Buyer as of the date hereof as follows:


 


(a)            Seller
has the requisite right, power and authority to enter into this Agreement without obtaining the consent or approval of any governmental
authority or any other person or entity to which Buyer may be subject.


 


(b)            Seller
holds 100% fee simple ownership in the Subject Property.


 


(c)            Except
as otherwise disclosed by Seller to Buyer in writing prior to Closing, Seller has not received written notice of any claims, actions,
suits, or other proceedings pending or threatened by any governmental department or agency, or any other entity or person, pertaining
to the Subject Property.


 


(d)            Other
than any general real property taxes for the year 2019, to Seller’s knowledge, there are no liabilities or obligations related to
the Subject Property which Seller is obligated to satisfy on, before or after the Closing.


 


7.            Removal
of Historic Artifacts. Up until December 31, 2020 (the “Removal Deadline”), Seller shall have the right
to take possession of and remove any artifacts, old mining equipment and other historic items located on the Subject Property, at Seller’s
sole cost and expense, whether known or unknown to the parties as of the Closing Date. In the event Buyer discovers any such items on
the Subject Property prior to the Removal Deadline that were previously unknown to the parties, Buyer shall notify Seller of the presence
of such items and Seller shall have up until the Removal Deadline to remove such items.


 


8.            Miscellaneous.
In addition to the foregoing, the parties to this Agreement agree as follows:


 


(a)            This
Agreement constitutes the entire agreement between the parties pertaining to the subject matter contained in it and supersedes all prior
and contemporaneous agreements, representations and understandings of the parties with respect thereto. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by all parties.


 


(b)            This
Agreement shall be binding upon, and shall inure to the benefit of the parties to it and their respective successors and assigns.


 


(c)            This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Utah.


 


[Signatures on Following Page]


 






     


     


    

 


 






 


EXHIBIT A


 





 



 


This exhibit has been omitted pursuant to
Item 601(a)(5) of Regulation S-K because the information contained herein is not material and is not otherwise publicly disclosed. The
registrant undertakes to furnish supplementally a copy of this schedule to the Securities and Exchange Commission upon request.



 






     


     


    

 


 






 


EXHIBIT B


 





 



 


(Special
Warranty Deed)


 


This exhibit has been
omitted pursuant to Item 601(a)(5) of Regulation S-K because the information contained herein is not material and is not otherwise publicly
disclosed. The registrant undertakes to furnish supplementally a copy of this schedule to the Securities and Exchange Commission upon
request.