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**LETTER      AGREEMENT**

**(Project      “A”: Approximately 303.1 Acres)**

**A.           BASIC      TRANSACTION**

**B.           PURCHASE      PRICE**

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| 1                   | $3,250,000                in cash, payable at Closing; |
|-------------------------------|--------------------------------------------------------|

| 2                   | $3,750,000                within two years of Closing, payable by means of a lot exchange as                set                forth in the attached Addendum. |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

**C.           OTHER      TERMS**

|   | 1 | ***Seller                Warranties and                Representations*****:**** **Seller                represents that Seller has fee title to the Property and will convey                good                and marketable title to Buyer at Closing by Special Warranty Deed,                free                from any encumbrances except those approved by Buyer.  Seller                agrees to be responsible for taxes related to the Property prior                to                Closing.  Seller will cause to be paid by Closing all mortgages,                trust deeds, judgments, mechanic's liens, damages, claims, tax liens                and                warrants involving the Property which are not removed in the Title                Policy                delivered at Closing, and will indemnify and hold Buyer harmless                from and                against such to the extent related to any events and/or ownership                of the                Property prior to Closing. Seller disclaims, and makes no representation                or warranty with respect to water or water rights including, without                limitation, the ability of the Property to participate in, or purchase                water rights from any water                district. |
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|   | 2 | ***Seller                Disclosures:  ***No later than ten days following                execution of this Agreement, Seller shall provide to Buyer the following                (“collectively, "Seller Disclosures"): (a) a current commitment for                a                policy of title insurance issued by Coalition Title Agency; (b) a                copy of                any leases and rental agreements now in effect, if any, with regard                to the                Property; (c) a copy of written notices of any claims or conditions                concerning the Property, if any, including without                limitation,  any relating to environmental conditions; and (d)                any documents, surveys or studies in Seller’s possession concerning the                Property.  Within three days of receipt of the Seller                Disclosures, Buyer may (i) terminate this Agreement based on any                material                condition adversely affecting the Property, as identified in the                Seller                Disclosures, or (ii) give Seller with written notice of unmerchantability                of title or of any other unsatisfactory title condition shown by                the title                documents.  If Seller receives notice of unmerchantability of                title or any other unsatisfactory title conditions, Seller shall                use                reasonable efforts to correct said items and shall bear any nominal                expense to correct the same prior to Closing.  If such                unsatisfactory title conditions are not corrected on or before Closing                to                Buyer’s satisfaction, this Agreement shall then terminate; provided,                however, Buyer may, by written notice received by Seller, on or before                Closing, waive objection to such items and proceed to                Closing.  Upon such waiver and notwithstanding any other                provision of this Agreement to the contrary, all of                Seller’s  |
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|   |   |  obligations                  as to any such waived conditions shall be deemed discharged and                  satisfied,                  and Seller shall be deemed released by Buyer from any and                  all claims  in connection                  therewith. |
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|   | 3 |  ***1031                Exchange******:***  If                requested by a Party, the other Party agrees to cooperate with the                other                Party in effectuating a tax-deferred exchange in accordance with                IRC                Section 1031 relative to either the Sale Property or the Exchange                Property, which exchange may result in the assignment of such Party's                interest in this Agreement to an exchange intermediary.  In no                event shall the cooperating Party be obligated                to:  (a) take title to any replacement property that is not                the subject of this Agreement; (b) incur any obligation,                indebtedness, liability, cost or expense as a result of cooperation                to                effect that exchange; (c) act as a qualified intermediary for any                deferred like-kind exchange; or (d) agree to any extension of the                Closing Date.  The exchanging Party agrees to indemnify , defend                and hold harmless the cooperating Party from and against any and                all                claims, suits, proceedings, liabilities, damages, losses, costs and                expenses including, without limitation, reasonable attorneys' fees                and                disbursements in any way connected with the cooperation with the                effort to                effect such an exchange. |
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**D.           COSTS**

**E.           MISCELLANEOUS**

***1***
***Counterparts.  ***

***2***
***Binding        Effect.  ***

***3***
***Confidentiality.***

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***4***
***Governing        Law; Jurisdiction; Costs.  ***

***5***
***Commissions.***

| **Park                  Cummings Mining Company** |   |
|---------------------------------------------------|--------|

| By: |                     /s/ Robert W. Dunlap        |
|-----|--------------------------------------------------------------------------------------------------------|

| Its: |     President                  2/21/07                              |
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| **Park                  Premier Mining Company** | **Talisker                Realty Limited** |
|--------------------------------------------------|--------------------------------------------|

| By:                      /s/ Robert W.                  Dunlap            | By:                     /s/ David J.                  Smith           |
|------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| Its:                      President                     2/21/07             | Its:                    Authorized / Signing Officer |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------|

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**Addendum      to Letter Agreement Dated February 15, 2007**

**between**

**Talisker      Realty Limited and its Assigns, as Buyer, and**

**Park      Premier Mining Co., and Park Cummings Mining Co.**

| a.   | Commencing                at and for a period of 24 months following Closing (the "Selection                Period), and subject to the limitations of this subparagraph "a"                and the                provisions of Paragraph 2, below, the Seller’s Representative shall select                Lots having a combined “Value” (determined as described below) of at least                $3,500,000 but not more than $4,000,000 from among the then existing                inventory of Lots that have been priced and released to the general                public                for purchase or for formal reservation, and that are either not then                under                contract or reservation, or that are under contract or reservation                pursuant to a non-arms-length contract or reservation that is at                least six                months old and that is with a person or entity controlled by                Buyer.  In the event that (i) plats have not been recorded on                the Lot Inventory Property within the Selection Period such that                Seller is                unable to select all of the Lots Seller is entitled to select hereunder,                and (ii) Seller has in fact not selected all of the Lots Seller is                entitled to select hereunder, then the Selection Period shall be                extended                up to an additional 36 months until the plats referred to in event                (i)                above have been filed or until event (ii) above has                occurred.  Lots may be selected by Buyer individually or as a                series at any time, and from time to time, within the Selection                Period.  For purposes of determining Value and the amount to be                credited against the Remainder at the time such selected Lots are                conveyed                to Seller, said Value shall be the retail prices for such lots as                published at  |
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|    | the                      time such Lots are selected by Seller.  Such retail prices shall                      be established by Buyer during the ordinary course of business                      and in a                      manner not designed orintended                      to discriminate against Seller.  Seller’s Lot selection rights                      shall be exercised by written notice to Buyer and shall be                      effective only                      when such notice is actually received                      by Buyer. |
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| b.   | Each                Lot selected by Seller's Representative under subparagraph “a”, above,                shall be conveyed to Seller (jointly or severally, as designated                by                Seller) by Special Warranty Deed on a date identified by Seller (the                “Conveyance Date”), provided that such Lot is evidenced by a recorded plat                on or before the conveyance date identified by Seller.  Subject                to Paragraph 2, below, the cumulative Value of all Lots conveyed                to Seller                hereunder shall not exceed                $4,000,000. |
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| c.   | Buyer                represents that as of the Conveyance Date, the transferor will have                fee                title to the conveyed Lot(s) and will convey good and marketable                title to                Seller at the closing thereon free from any encumbrances except those                approved by Seller.  Buyer shall cause said transferor to be                responsible for taxes, assessments and charges related to the Lot                prior to                the Conveyance Date.  Buyer will cause to be paid by the                Conveyance Date all mortgages, trust deeds, judgments, mechanic's                liens,                damages, claims, tax liens and warrants involving the Property which                are                not removed in the Title Policy delivered on the Conveyance Date,                and will                indemnify and hold Seller harmless from and against such to the extent                related to any events and/or ownership of the Lots prior to the Conveyance                Date. |
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| d.***  *** | *** ***Within                thirty (30) days prior to the Conveyance Date,  for each Lot,                Buyer shall provide to Seller the following (“collectively, "Buyer                Disclosures") with respect to the Lot(s) to be conveyed on the Conveyance                Date: (a) a current commitment for a policy of title insurance issued                by                Coalition Title Agency; (b) a copy of any leases and rental agreements                then in effect, if any, with regard to the Lot(s); (c) a copy of                written                notices of any claims or conditions concerning the Lot(s), if any,                including without limitation, any relating to environmental conditions;                and (d) any agreements, documents, surveys or studies in Buyer’s                possession concerning the Lot(s) including, without limitation, any                option                or purchase agreements.  Within ten days of receipt of the Buyer                Disclosures, Seller may withdraw and reselect all or any of the Lots                selected based on any material condition adversely affecting the                Lot(s),                as identified in the Buyer                Disclosures. |
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