After Recording, Return To: Crown Mines, L.L.C. P. O. Box 743547 Dallas, Texas  75374-3547   ASSIGNMENT OF CONTRACTUAL WATER RIGHT  This Assignment of Contractual Water Right (this Assignment) is entered into between CROWN MINES, L.L.C., a Texas limited liability company, with an address of P. O. Box 743547, Dallas, Texas 75374-3547 (Crown Mines), and DEER TRAIL MINING COMPANY, L.L.C., a Nevada limited liability company, with an address of 8880 Rio San Diego Drive, 8th Floor, San Diego, California 92108 (DTMC), this 30th day of July, 2007 (Effective Date).  Crown Mines and DTMC may be referred to herein individually as a Party and collectively as the Parties.  RECITALS  A. Crown Mines owns a contractual right to use water diverted under Water Right No. 63-3043 as evidenced and described in the Agreement between Cottonwood Irrigation Company and Deer Trail Development Corporation, dated July 28, 1977 (the Contractual Right), a copy of which is attached to this Agreement as Exhibit A. B. Concurrently with the Effective Date, Crown Mines conveyed to DTMC certain patented and unpatented mining claims and mill sites and dumps situated in Piute County, State of Utah, described in the attached Exhibit B (the Claims). C. DTMC desires to use the Contractual Water Right in its operation of the Claims. D. Crown Mines is willing to assign to DTMC one-half of its interest in the Contractual Water Right and concurrently with the Effective Date, Crown Mines has leased the remaining one-half of its interest in the Contractual Water Right to DTMC through that certain Water Rights Lease and Water Pipeline Easement Agreement.  AGREEMENT  NOW, THEREFORE, in consideration of their mutual covenants and promises described herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties agree as follows:  1. Recordation of Agreement.  This Agreement may be recorded by a Party with any governmental agency, including in the offices of the County Recorder of Piute County, Utah, and Sevier County, Utah  1    2. Lease of Water Right and Pipeline.  Crown Mines hereby assigns one-half of its interest in the Contractual Water Right to DTMC for purposes consistent with the approved uses of the Water Right and subject to the limitations set forth in the Agreement between Cottonwood Irrigation Company and Deer Trail Development Corporation, dated July 28, 1977, Exhibit A hereto. 3. Acceptance of Assignment, Representation and Warranty of Compliance, and Agreement to Indemnify.  DTMC hereby accepts the assignment by Crown Mines of one-half of Crown Mines interest in the Contractual Water Right, and DTMC represents and warrants that it shall at all times comply with the covenants and restrictions set forth in the Agreement between Cottonwood Irrigation Company and Deer Trail Development Corporation, dated July 28, 1977, Exhibit A hereto, as if it were a party thereto and that it shall indemnify Crown Mines, its officers, directors, employees, agents and assigns, for any breach by DTMC, or its officers, directors, employees, agents and assigns of such covenants or restrictions. 4. Filing of Change Applications Restricted.  DTMC shall not file any permanent or temporary change applications on the Contractual Water Right without the express prior written consent of Crown Mines, which consent may be withheld by Crown Mines if Crown Mines, in its sole but reasonable discretion, determines that such change application could jeopardize the Contractual Water Right or the underlying Water Right No. 63-3043 . 5. Notices.  All notices, payments and other required communications (Notices) to the Parties shall be in writing, and shall be addressed as follows: If to Crown Mines: Crown Mines, L.L.C. P. O. Box 743547 Dallas, Texas  75374-3547  With a Copy to: Michael R. Haggerty Jackson Walker L.L.P. 901 Main Street, Suite 6000 Dallas, Texas  75202  If to DTMC: Deer Trail Mining Company, L.L.C. 8880 Rio San Diego Drive, 8th Floor San Diego, California  92108  With a Copy to: Robert N. Wilkinson, Esq. 60 East South Temple, Suite 1200 Salt Lake City, Utah  84111  All Notices shall be given by personal delivery, by electronic communication or facsimile, with a confirmation sent by registered or certified mail return receipt requested, or by commercial courier service.  All Notices shall be effective and shall be deemed delivered on the date of delivery if delivered during normal business hours, and if not delivered during normal business hours, on the next business day following delivery.  A Party may change its address by Notice to the other Party.  2    6. Authority.  Crown Mines and DTMC represents and warrants to the other that its undersigned officer has been duly authorized and has the power and authority to execute this Agreement on its behalf. 7. Successors and Assigns.  This Agreement and the covenants contained herein shall be binding upon and inure to the benefit of the Parties, their successors and assigns. IN WITNESS WHEREOF, the parties have caused this Agreement to be properly executed by persons thereunto duly authorized for the purposes therein stated. EXECUTED as of the date first above written. DEER TRAIL MINING COMPANY, L.L.C., CROWN MINES, L.L.C., a Nevada limited liability company a Texas limited liability company  By:  _/s/ Mark A. Lopez___________ By:  _/s/ I.N. Fehr_______________ Its:  _Manager___________________ Its:  _________________________   3    STATE OF CALIFORNIA ) : ss. COUNTY OF SAN DIEGO )  The foregoing instrument was acknowledged before me this 31 day of July, 2007, by Mark A. Lopez, Manager of DEER TRAIL MINING COMPANY, L.L.C., a Nevada limited liability company. [NOTARY SEAL] _/s/ Vivian T. Harris___________ Notary Public         STATE OF TEXAS ) : ss. COUNTY OF DALLAS )  The foregoing instrument was acknowledged before me this 30th day of July, 2007, by I.N. Fehr, the President of CROWN MINES, L.L.C., a Texas limited liability company. [NOTARY SEAL] _/s/ Lorlee C. Bartos____________ Notary Public    4    EXHIBIT A To Assignment of Contractual Water Right  Agreement between Cottonwood Irrigation Company and Deer Trail Development Corporation, dated July 28, 1977    5    [f1551001.jpg]  6    [f1551002.jpg]  7    [f1551003.jpg]  8    [f1551004.jpg]  9    [f1551005.jpg]   10    EXHIBIT B TO ASSIGNMENT OF CONTRACTUAL WATER RIGHT PART 1 Crown Mines L.L.C. Claims Purchased by Deer Trail Mining Company, L.L.C. Patented Claims Located in Piute County, Utah  CLAIM NAMEMINERAL SURVEY NUMBERCLIFFMS 41DEER TRAILMS 42 ADEER TRAIL#01MS 6365 ADEER TRAIL#01 MILLSITEMS 6385 BDEER TRAIL#02MS 6365 ADEER TRAIL#02 MILLSITEMS 6365 BDEER TRAIL#03MS 6365 ADEER TRAIL#03 MILLSITEMS 6365 BDEER TRAIL#04MS 6396DEER TRAIL#05MS 6403 ADEER TRAIL#05 MILLSITEMS 6403 BDEER TRAIL#07MS 6403 ADEER TRAIL#08MS 6736DEER TRAIL#09MS 6736DEER TRAIL#10MS 6736DEER TRAIL#20MS 6736DEER TRAIL#30MS 6717DEER TRAIL#33MS 6717DEER TRAIL#34MS 6717DEER TRAIL#35MS 6717DEER TRAIL#36MS 6717DEER TRAIL#37MS 6717DEER TRAIL#38MS 6736DEER TRAIL FRAC.MS 6717DEER TRAIL MILLSITEMS 42 BDEWITT & FERGUSONMS 52 A*DEWITT & FERSUSON MILLSITEMS 52 BGREEN EYED MONSTERMS 43 AMONSTER APEXMS 5972MONSTER APEX #2MS 5972PLUTOMS 46SPHINXMS 6397 TOTAL CLAIMS    32 *DEWITT & FERGUSON MILLSITE MINERAL RIGHTS ONLY  11    EXHIBIT B  To Water Rights Lease and Water Pipeline Easement Agreement PART II Crown Mines L.L.C. Claims Purchased by Deer Trail Mining Company, L.L.C. Unpatented Claims Located in Piute County, Utah  CLAIM NAMERECORDED BOOKRECORDED PAGEAMENDED BOOK PAGEBLM SERIAL NUMBERAPEX LODED45295579ATHENIAD42395580BUSTERG45995585BUSTER NO.1G46095586BUSTER NO.2G46195587BUSTER NO.3G46195588BUSTER NO.4M12995589BUSTER NO.5M13095590BUSTER NO.6M13195591BUSTER NO.7M13195592BUSTER NO.8M13295593BUSTER NO.9M13395594CALEDONIA LODED58895596CINNABAR LODED58495599CLIFF NO. 1D37195600CLIFF NO. 2D37295601CLIFF NO. 3D37295602CLIFF NO. 4D37395603CLIFF NO. 5D37395604CLIFF NO. 6D37395605CLIFF NO. 7D37495606CLIFF NO. 8D37495607COLUMBINE LODED58695608CREST LODED45295610DEER TRAIL EXT.C25095666DEER TRAIL EXT. NO. 01C25095667DEER TRAIL EXT. NO. 02C25095668DEER TRAIL EXT. NO. 03C25195669DEER TRAIL EXT. NO. 04C25195670DEER TRAIL EXT. NO. 05C25295671DEER TRAIL EXT. NO. 06C25295672DEER TRAIL EXT. NO. 07C25395673DEER TRAIL EXT. NO. 08C25395674  12     DEER TRAIL EXT. NO. 09C25395675DEER TRAIL EXT. NO. 10C25495676DEER TRAIL EXT. NO. 11C25495677DEER TRAIL EXT. NO. 12ll710JJ               65353982DEER TRAIL EXT. NO. 13ll711353983DEER TRAIL EXT. NO. 14ll772353984DEER TRAIL EXT. NO. 15ll713353985DEER TRAIL EXT. NO. 24ll722353994DEER TRAIL EXT. NO. 25ll723353995DEER TRAIL EXT. NO. 26ll724353996DEER TRAIL EXT. NO. 27ll725353997DEER TRAIL EXT. NO. 28ll726353998DEER TRAIL EXT. NO. 29ll727353999DEER TRAIL EXT. NO. 30ll728354000DEER TRAIL EXT. NO. 31ll729354001DEER TRAIL EXT. NO. 32ll730354002DEER TRAIL EXT. NO. 33ll731354003DEER TRAIL EXT. NO. 34ll732354004DEER TRAIL EXT. NO. 35ll733354005DEER TRAIL EXT. NO. 36ll734354006DEER TRAIL EXT. NO. 37ll735354007DEER TRAIL EXT. NO. 38ll736354008DEER TRAIL EXT. NO. 39ll737354009DEER TRAIL EXT. NO. 40ll738354010DEER TRAIL EXT. NO. 41ll739354011DEER TRAIL EXT. NO. 42ll740354012DEER TRAIL EXT. NO. 43ll741354013DEER TRAIL EXT. NO. 44ll742354014DEER TRAIL EXT. NO. 45ll743354015DEER TRAIL EXT. NO. 46ll744354016DEER TRAIL EXT. NO. 47ll745354017DEER TRAIL EXT. NO. 48ll746354018DEER TRAIL EXT. NO. 49ll747354019DEER TRAIL EXT. NO. 50ll748354020DEER TRAIL EXT. NO. 51ll749354021DEER TRAIL EXT. NO. 52ll750354022DEER TRAIL NO. 11A13595612DEER TRAIL NO. 12A14295613DEER TRAIL NO. 13A14295614DEER TRAIL NO. 14A14395615DEER TRAIL NO. 15A14395616DEER TRAIL NO. 16A14495617  13     DEER TRAIL NO. 17A14495618DEER TRAIL NO. 18A14595619DEER TRAIL NO. 19A14595620DEER TRAIL NO. 212411495621DEER TRAIL NO. 222411495622DEER TRAIL NO. 232411595623DEER TRAIL NO. 242411695624DEER TRAIL NO. 252411795625DEER TRAIL NO. 262411795626DEER TRAIL NO. 272411895627DEER TRAIL NO. 282411995628DEER TRAIL NO. 292412095629DEER TRAIL NO. 31159995630DEER TRAIL NO. 322412295631DEER TRAIL NO. 39B9995632DEER TRAIL NO. 40B10095633DEER TRAIL NO. 41B10095634DEER TRAIL NO. 42B10195635DEER TRAIL NO. 43B24595636DEER TRAIL NO. 44B24695637DEER TRAIL NO. 45B24795638DEER TRAIL NO. 46B24595639DEER TRAIL NO. 47B24695640DEER TRAIL NO. 48B27095641DEER TRAIL NO. 49B32295642DEER TRAIL NO. 50B32295643DEER TRAIL NO. 51B32395644DEER TRAIL NO. 52B32395645DEER TRAIL NO. 53B32495646DEER TRAIL NO. 54B32495647DEER TRAIL NO. 55G22795648DEER TRAIL NO. 56G22795649DEER TRAIL NO. 57G22895650DEER TRAIL NO. 58G22995651DEER TRAIL NO. 59G22995652DEER TRAIL NO. 60G23095653DEER TRAIL NO. 61G23195654DEER TRAIL NO. 62G23195655DEER TRAIL NO. 63G23295656DEER TRAIL NO. 64G23395657DEER TRAIL NO. 65G23395658DEER TRAIL NO. 66G23495659  14     DEER TRAIL NO. 67G23495660DEER TRAIL NO. 68G23595661DEER TRAIL NO. 69G23595662DEER TRAIL NO. 70G23695663DEER TRAIL NO. 71G23795664DEER TRAIL NO. 72G44795665FALCON LODED58495681FIRE FLY LODED58495682GOLDEN EAGLE LODED58395693GORGE LODED45395697GRAND VIEW LODED42395698HIDDEN TREASURE AMENDEDD58995701JONQUIL LODED58795705KIESTERD58695706LA CIGALED58795707LINDA PLACERN12595709LOWER CONTACTD45095714MONSTER #3B12395719MONSTER #4B12395720MONSTER #5B12495721MONSTER #6B12495722MONSTER #7B12595723MONSTER #8B12595724MONSTER #9B12695725MOUNTAIN CHIEF AMENDEDD58995726MOUNTAIN CHIEF NO. 1M12895727MOUNTAIN CHIEF NO. 2M12995728OLD CHANNEL LODED46495747OLD CHANNEL LODE NO. 1M8195748PORCUPINE LODED58895742PORTAL LODED45395749PORTAL NO. 1M8295750PORTAL NO. 2M8395751PYRITE LODED58595729RED KNOLL LODED45395731SANTA MARIAD46495735SILVER WEDGED42295737SLOPE NO. 1D45095752SLOPE NO. 2D45195753SLOPE NO. 3D45195754  15     SLOPE NO. 4M8395755SLOPE NO. 5M12795756SLOPE NO. 6M12795757SNOW SHOE LODED58395760SYLVIA PLACERN12695763TAMARAC LODED58595764THE REEF LODED58895732TOMAHAWK LODED58395767TOPAZ LODED58795768VICTORY LODED58695771WHITE FLINT LODED42395776WILD CAT LODED58595758WOODLAND LODED45195759TOTAL CLAIMS170     16