Document:

Exhibit 10.35

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE
SECURITIES LAWS OF ANY STATE. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE TRANSFERRED OR SOLD IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION OR OTHER COMPLIANCE UNDER THE ACT OR THE LAWS OF THE APPLICABLE STATE OR A “NO ACTION”
OR INTERPRETIVE LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER,
AND ITS COUNSEL, TO THE EFFECT THAT THE SALE OR TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE ACT AND SUCH STATE STATUTES.

 

	Date:
    November 15, 2016	 	Amount: $25,000.00

 

DESERT
HAWK GOLD CORP.

 

10% PROMISSORY NOTE

 

FOR
VALUE RECEIVED, Desert Hawk Gold Corp., a Nevada corporation (the “Company”), promises to pay to West C. Street
LLC or its registered assigns (the “Holder”), the principal sum of $25,000, or such lesser amount as shall
then equal the outstanding principal amount hereof, together with interest at the rate of 10% per annum. All unpaid principal,
together with the balance of unpaid and accrued interest and other amounts payable hereunder shall be due and payable on or before
December 31, 2016 (the “Maturity Date”); provided that if the Company receives the first installment of an anticipated
payment of $3,000,000 from DMRJ Group I LLC or any of its affiliates prior to the Maturity Date, the principal amount of
this Note and all accrued but unpaid interest thereon shall be immediately due and payable.

 

The
following is a statement of the rights of the Holder and the conditions to which this 10% Promissory Note (the “Note”)
is subject, and to which the Holder hereof, by the acceptance of this Note, agrees:

 

1.       Registration
of Note on Company’s Books. The Company shall register this Note upon records to be maintained by the Company for
that purpose (the “Note Register”), in the name of the record Holder hereof from time to time. The Company
shall maintain the name and address of the registered Holder on the Note Register. The Company may deem and treat the
registered Holder of this Note as the absolute owner hereof for the purpose of any payment and for all other purposes, and
the Company shall not be affected by notice to the contrary.

 

2.       Prepayment This
Note may be prepaid, in whole or in part, at any time without penalty. Prepayment shall be effected by paying the amount
equal to the outstanding principal amount of this Note, plus all unpaid interest.

 

3.       Satisfaction
and Discharge of Note. This Note shall cease to be of further effect (except as to any surviving rights of transfer or
exchange of the Note herein expressly provided for) when:

 

The
Company has paid or caused to be paid all sums payable hereunder by the Company, including all principal amounts and interest
payable under the Note; and

 

All
the conditions precedent herein provided for relating to the satisfaction and discharge of this Note have been complied with.

 

     

    

    

 

4.       Events
of Default. “Event of Default,” when used herein, whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or be effected by operation of law pursuant to any judgment, decree, or order of any court or
any order, rule, or regulation of any administration or government body or be caused by the provisions of any paragraph herein
means any one of the following events:

 

Default
in the payment of the principal amount of this Note, or any accrued but unpaid interest thereon, when due, whether at the Maturity
Date, upon prepayment, or otherwise; or

 

Default
in the performance or breach of any covenant or warranty of the Company in this Note (other than a covenant or warranty, the breach
or default in performance of which is elsewhere in this section specifically dealt with), and continuation of such default or
breach for a period of 20 days after there has been given to the Company by registered or certified mail, by the Holder, a written
notice specifying such default or breach and requiring it to be remedied and stating that such notice is a notice of default hereunder;
or

 

The
entry of a decree or order by a court having jurisdiction in the premises adjudging the Company a bankrupt or insolvent under
the Federal Bankruptcy Act or any other applicable federal or state law, or appointing a receiver, liquidator, assignee, trustee
(or other similar official) of the Company or of any substantial part of its property, or ordering the winding up or liquidation
of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 20 consecutive days; or

 

The
institution by the Company of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it to the institution of
bankruptcy or insolvency proceedings against it, or a filing by it of a petition or answer or consent seeking reorganization or
relief under the Federal Bankruptcy Act or any other applicable federal or state Law; or the consent by it to the filing of any
such petition or the appointment of a receiver, liquidator, assignee, trustee (or other similar official) of the Company or of
any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the admission by
it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company
in furtherance of any such action.

 

5.       Acceleration
of Maturity. Except as provided herein, if an Event of Default occurs and is continuing then, in every such case, the Holder
may declare the principal of this Note to be due and payable immediately, by a notice in writing to the Company of such default,
and upon any such declaration, such principal shall become immediately due and payable. At such time after such declaration of
acceleration has been made, and before a judgment or decree for payment of money due has been obtained by the Holder, the Holder,
by written notice to the Company, may rescind and annul such declaration and its consequences, if all Events of Default, other
than the nonpayment of the principal of this Note which has become due solely by such acceleration, has been cured or waived.
No such rescission shall affect any subsequent default or impair any right consequent thereon.

 

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6.       Restrictions.
The Holder, by acceptance of this Note, represents and warrants as follows:

 

The
Note is being acquired for the holder’s own account to be held for investment purposes only and not with a view to, or for, resale
in connection with any distribution of such Note or any interest therein without registration or other compliance under the Act,
and the Holder hereof has no direct or indirect participation in any such undertaking or in underwriting such an undertaking.

 

The
Holder has been advised and understands that the Note has not been registered under the Securities Act of 1933, as amended (the
“Securities Act”) and the must be held and may not be sold, pledged, hypothecated, transferred, or otherwise
disposed of for value unless it is subsequently registered under the Securities Act or an exemption from such registration is
available. The Company is under no obligation to register the Note under the Securities Act; in the absence of such registration,
sale of the Note may be impracticable; the Company or the Company’s registrar and transfer agent, if any, will maintain stock
transfer orders against registration of transfer of the Note; and the certificates to be issued for any substitute promissory
note will bear on their face a legend in substantially the following form:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE TRANSFERRED OR SOLD
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION OR OTHER COMPLIANCE UNDER THE ACT OR THE LAWS OF THE APPLICABLE STATE OR A “NO
ACTION” OR INTERPRETIVE LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY
TO THE ISSUER, AND ITS COUNSEL, TO THE EFFECT THAT THE SALE OR TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE ACT AND SUCH STATE
STATUTES.

 

The
Company may refuse to transfer the Note unless the Holder provides an opinion of legal counsel reasonably satisfactory to
the Company or a “no action” or interpretive response from the Securities and Exchange Commission to the effect
that the transfer is proper; further, unless such letter or opinion states that the Note is free from any restrictions under
the Securities Act, the Company may refuse to transfer the Note to any transferee who does not furnish in writing to the
Company the same representations and agree to the same conditions with respect to such Note as set forth herein. The Company
may also refuse to transfer the Note if any circumstances are present reasonably indicating that the transferee’s
representations are not accurate.

 

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7.Registration
of Transfers and Exchange of Notes.

 

a. Transfer
Register. Subject to compliance with the legend set forth on the face of this Note, the Company shall register the transfer
of any portion of this Note in the Note Register, upon surrender of this Note with the Form of Assignment attached hereto duly
completed and signed, to the principal office of the Company. Upon any such registration or transfer, a new Note, in substantially
the form of this Note (any such new Note, a “New Note”), evidencing the portion of this Note so transferred
shall be issued to the transferee and a New Note evidencing the remaining portion of this Note not so transferred, if any, shall
be issued to the transferring Holder. The acceptance of the New Note by the transferee thereof shall be deemed the acceptance
of such transferee of all of the rights and obligations of a Holder hereunder.

 

b. New
Notes. This Note is exchangeable, upon the surrender hereof by the Holder to the principal office of the Company for one or
more New Notes, evidencing in the aggregate the right to aggregate principal amount of the original Note. Any such New Note will
be dated the date of such exchange.

 

8.Miscellaneous.

 

a. Shareholder
Rights. The Holder shall not, by virtue hereof, be entitled to any voting or other rights of a shareholder of the Company,
either at law or equity. The rights of the Holder are limited to those expressed in this Note.

 

b. Notices.
All communications provided for herein shall be in writing and shall be deemed to be given or made on (a) the date of delivery,
if delivered in person, by nationally recognized overnight delivery service, or (b) three business days after mailing if mailed
from within the continental United States by registered or certified mail, return receipt requested, to the party entitled to
receive the same, if to the Company at 1290 Holcomb Ave. Reno, NV 89502, Attention: Howard M. Crosby, CEO, or if to the Holder,
at the address provided in the Note Register, or at such other address as shall be designated by any party hereto in written notice
to the other party hereto delivered pursuant to this paragraph.

 

c. Attorneys’
Fees. Should either party hereto default in any of the covenants, conditions, or promises contained herein, the defaulting
party shall pay all costs and expenses, including a reasonable attorney’s fee, which may arise or accrue therefrom, or in
pursuing any remedy provided hereunder or by the statutes of any state.

 

d. Governing
Law and Venue. This Note and the rights and duties of the parties hereto shall be construed and determined in accordance with
the laws of the State of Nevada (without giving effect to any choice or conflict of law provisions), and any and all actions to
enforce the provisions of this Note shall be brought in a court of competent jurisdiction in the Washoe County, State of Nevada
and in no other place.

 

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e. Rights
Are Cumulative. The rights and remedies granted to the parties hereunder shall be in addition to and cumulative of any other
rights or remedies either may have under any document or documents executed in connection herewith or available under applicable
law. No delay or failure on the part of a party in the exercise of any power or right shall operate as a waiver thereof nor as
an acquiescence in any default nor shall any single or partial exercise of any power or right preclude any other or further exercise
thereof or the exercise of any other power or right.

 

f. Waiver
and Amendment. None of the provisions hereof may be changed,waived, terminated or discharged orally, but only by an instrument
in writing signed by the party against whom enforcement of the change, waiver, termination or discharge is sought.

 

g. Negotiability
and Transferability. This Note is negotiable and transferable, subject to compliance with the provisions of Section 7 hereof.

 

h. Presentment
Waiver. The Company hereby waives presentment for payment, protest, and notice of protest and of nonpayment of this Note.

 

i. Severability.
If any provision of this Note is held invalid or unenforceable by any court of final jurisdiction, it is the intent of the
parties that all other provisions of this Note be construed to remain fully valid, enforceable, and binding on the parties.

 

j. Headings.
The descriptive headings of the various paragraphs or parts of this Note are for convenience only and shall not affect the
meaning or construction of any of the provisions hereof.

 

	 	Desert Hawk Gold Corp.
	 	 	 
	 	By	/s/ Howard M. Crosby
	 		Howard M. Crosby
	 		Chief Executive Officer

  

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FORM OF ASSIGNMENT

 

(To
be executed upon assignment of Note)

 

For
value received,_______________________ hereby
sells, assigns and transfers unto ________________________the attached Note [_% of the attached Note], together with all right,
title and interest therein, and does hereby irrevocably constitute and appoint Desert Hawk Gold Corp. (the “Company”)
attorney to transfer said Note [said percentage of said Note] on the books of the Company, with full power of substitution in
the premises.

 

If
not all of the attached Note is to be so transferred, a New Note is to be issued in the name of the undersigned for the balance
of said Note.

 

The
undersigned hereby agrees that it will not sell, assign, or transfer the right, title and interest in and to the Note unless applicable
federal and state securities laws have been complied with.

 	Dated: ______________,
    20                      	 
	 	Signature

 

    	 	6Exhibit 10.36

 

EQUIPMENT LEASE AGREEMENT

 

LESSOR: RMH
OVERHEAD, LLC, a Nevada limited liability company (“Lessor”), located at 1290 Holcomb Avenue, Reno, Nevada
89502.

 

LESSEE: DESERT
HAWK GOLD CORP., a Nevada corporation (“Lessee”), located at 1290 Holcomb Avenue, Reno, Nevada 89502.

 

IN CONSIDERATION of the mutual covenants
contained herein, the parties agree as follows:

 

1. LEASE. Lessor
leases to Lessee and Lessee leases from Lessor the personal property described in the Equipment Schedule in the form of Exhibit
A, subject to the terms and conditions of this Equipment Lease Agreement (the “Lease Agreement”). The
“Equipment” (as defined in the Equipment Schedule) is being leased for commercial or business purposes only, and not
for personal, home, or family purposes. The parties agree that the Lease is a “finance lease” under the Uniform Commercial
Code (during the term of the Lease Agreement and referred to hereafter as the “UCC”).

 

2. EQUIPMENT SCHEDULES.
“Equipment Schedule” means an Equipment Schedule in the form of Exhibit A, incorporating, by reference, the terms
and provisions of this Lease Agreement. The Lease Agreement and the Equipment Schedule shall constitute a complete lease (a “Lease”).
Capitalized terms used, but not defined, in this Lease Agreement have the meanings given to such terms in the Equipment Schedule.

 

3. TERM AND RENTAL.

 

a. ACCEPTANCE.
The Lease shall commence with respect to Equipment described on the Equipment Schedule on the date of execution of the Lease
Agreement by the parties.

 

b. TERM AND PAYMENT
OF RENT. The “Lease Term” for the Equipment shall be for twenty four (24) months and shall commence on the date
of execution of the Lease Agreement by the parties (the “Commencement Date”). Lessee agrees to pay to Lessor
the “Rental Payments” for the Lease Term, in the amounts $9,212.46 per completed month with any partial month to be
calculated on a pro rata basis based on a thirty (30) day month. Lessee shall pay the Rental Payments on the 20th day
of each month during the Lease Term, the first of which shall be due on the 20th of the month following the Commencement
Date. Rental Payments shall be due whether or not Lessee has received any notice that such payments are due. On the Commencement
Date, Lessee shall pay to Lessor $5,000 to be applied to either (i) the purchase option price or (ii) the final Rental Payment.

 

c. LEASE TERMINATION.
Lessee may terminate the Lease at the expiration of the Lease Term or any renewal term (the “Lease Termination”)
by submitting written notice to Lessor at least thirty (30) days prior to the expiration of the Lease Term or any renewal term
(the “Advance Notice Period”). If written notice is not submitted by Lessee to Lessor during the Advance Notice
Period then the Lease Term or any renewal term will be automatically extended for an additional month. The Lease will continue
to automatically extend until Lessee submits to Lessor written notice of its intent to terminate the Lease. If the Lease is terminated
by the Lessee prior to a date fifteen (15) months from the date the Commencement Date, Lessee shall pay to Lessor any unpaid amounts
owed under the Lease and $5,000 (the “Prepayment Penalty”). The Lease may also be terminated upon mutual consent
of the parties. The Lease may only be terminated as expressly provided in this Section. Lessee agrees to continue paying rent
for the Equipment in the amount of the Rental Payment until the later of (i) the expiration of the Lease Term, any renewal term
and any Automatic Extension Period and (ii) either (A) the purchase option price is paid pursuant to Section 5(a), or (B) a mutually
agreed renewal of the Lease takes effect pursuant to Section 5(b), or (C) the Equipment is returned in the manner and condition
prescribed in Section 5(c).

 

     

     

    

 

4. LATE FEE. Lessee shall pay
a late charge on any rent payments or other sums due hereunder which are past due, in the amount of five percent (5%) of the
Rental Payment owed for each complete month or partial month, payable on demand.

 

5. LEASE TERMINATION
OPTIONS. Upon Lease Termination, Lessee shall have the option to purchase the Equipment, renew the term of the Lease, or return
the Equipment to Lessor, as set forth below (the “Lease Termination Options”). Lessee shall provide written
notice to Lessor of the Lease Termination Option it intends to elect pursuant to the notice provisions provided in Section 3(c)
herein.

 

a. PURCHASE OPTION.
If Lessee exercises the option to purchase, then, provided no Event of Default has occurred and is then continuing, Lessee
shall purchase the Equipment from Lessor in accordance with the Amortization Schedule in the form of Exhibit B.
At the completion of the Lease Term or any renewal term, the purchase option price shall be $1.00. The purchase option price shall
be paid not later than the last day of the Lease Term.

 

b. RENEWAL.
If Lessee exercises the option to renew this Lease, such renewal shall be upon the terms and conditions of this Lease Agreement,
for a rental period and rental amount to be agreed upon by Lessee and Lessor.

 

c. RETURN.
If the written termination specifies return of the Equipment, Lessee at its own risk and expense (i) will immediately return the
Equipment to Lessor in the same condition as when delivered, ordinary wear and tear excepted, at such location as Lessor shall
designate; and (ii) will, on request from Lessor, obtain from the Equipment supplier (or other maintenance service supplier approved
by Lessor) a certificate stating that the Equipment qualifies for continued maintenance service at the standard rates and terms
then in effect.

 

6. USE; MAINTENANCE.
(i) Lessee, at its expense, shall make all necessary site preparations and cause the Equipment to be operated in accordance
with any applicable operating manuals and manufacturer’s instructions. Notwithstanding any transfer or assignment by Lessor
and provided Lessee is not in default hereunder, Lessee shall have the right to quietly possess and use the Equipment as provided
herein without interference by Lessor, its assigns or any other third party claiming through or under Lessor. (ii) Lessee shall
effect and bear the expense of all necessary repair, maintenance, operation and replacements required to be made to maintain the
Equipment in good condition, reasonable wear and tear excepted, and to comply with all domestic and international laws to which
the use and operation of the Equipment may be or become subject. All replacement Equipment and parts furnished in connection with
such maintenance or repair shall immediately become the property of Lessor and part of the Equipment for all purposes hereof.
All such maintenance, repair and replacement services shall be immediately paid for and discharged by Lessee with the result that
no lien under any applicable laws will attach to the Equipment as a result of the performance of such services or the provision
of any such material.

 

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7. INSURANCE.
Lessee shall obtain and maintain for the Lease Term (and any renewal term or extension), at its own expense, (i) “all risk”
insurance against loss or damage to the Equipment, (ii) commercial general liability insurance (including contractual liability,
products liability and completed operations coverage) reasonably satisfactory to Lessor, and (iii) such other insurance against
such other risks of loss and with such terms, as shall in each case be reasonably satisfactory to or reasonably required by Lessor
(as to carriers, amounts and otherwise). The amount of the “all risk” insurance shall be greater than or equal to
the Stipulated Loss Value (as defined in Section 8 below) of all Equipment outstanding under the Equipment Schedule, and must
otherwise be reasonably satisfactory to Lessor as of each anniversary date of this Lease. Any increase in the amount of such insurance
coverage, other than “all risk”, reasonably requested by Lessor shall be put into effect on the next succeeding renewal
date of such insurance. Each “all risk’ policy shall: (i) name Lessor as sole loss payee with respect to the Equipment,
(ii) provide for each insurer’s waiver of its right of subrogation against Lessor and Lessee, and (iii) provide that such
insurance shall not be invalidated by any action of, or breach of warranty by, Lessee of a provision of any of its insurance policies,
and shall waive set-off, counterclaim or offset against Lessor. Each liability policy shall name Lessor as an additional insured
and provide that such insurance shall have cross-liability and severability of interest endorsements (which shall not increase
the aggregate policy limits of Lessee’s insurance). All insurance policies shall provide that Lessee’s insurance shall
be primary without a right of contribution of Lessor’s insurance, if any, or any obligation on the part of Lessor to pay
premiums of Lessee, and shall contain a clause requiring the insurer to give Lessor at least thirty (30) days’ prior written
notice of its cancellation (other than cancellation for non-payment for which ten (10) days’ notice shall be sufficient.
Lessee shall on or prior to the date of the Commencement Date and prior to each policy renewal, furnish to Lessor certificates
of insurance or other evidence satisfactory to Lessor that such insurance coverage is in effect. Lessee further agrees to give
Lessor prompt notice of any damage to, or loss of, the Equipment, or any part thereof.

 

8. LOSS
OR DAMAGE. Lessee assumes and shall bear the entire risk of loss, theft, destruction, or damage of or to any part of the Equipment
(“loss or damage”) from any cause whatsoever, whether or not covered by insurance, and no such loss shall release
Lessee of its obligation under this agreement in the event of loss or damage. Lessee, at the sole option of Lessor, shall (i)
at lessee’s expense, repair the Equipment to the satisfaction of Lessor, or (ii) at Lessee’s expense, and to the satisfaction
of Lessor, replace the Equipment with similar or like equipment in good condition and repair and of comparable value, with clear
title thereto in Lessor; or (iii) make payment to Lessor the total of the amounts specified as follows: (A) All rental payments
past due or currently owed to lessor under this lease, including unpaid taxes; and (B) All future rental payments that, would
accrue over the remaining term of this lease. On Lessor’s receipt of the payment specified by subsections (i) and (ii) above,
Lessee shall be entitled to whatever interest Lessor may have in such Equipment, as is, where is, without warranty express or
implied. The parties agree that the sum of the amount required by subsections (i) and (ii) will equal the total amount payable
to Lessor in the event of “loss or damage.”

 

9. TITLE, INSPECTION
AND LOCATION.

 

a. TITLE.
Lessor and Lessee confirm their intent that title to the Equipment shall remain in Lessor (or its successors and assigns) exclusively.
If requested by Lessor, Lessee will affix plates or markings on the Equipment and on any operating manuals and manufacturer’s
instructions indicating the interests of Lessor and its assigns therein, and Lessee will not allow any other indicia of ownership
or other interest in the Equipment to be placed on the Equipment. Lessee shall not sell, assign, grant a security interest in,
sublet, pledge, hypothecate or otherwise encumber or suffer a lien upon or against this Lease or the Equipment.

 

b. INSPECTION.
Lessor (through any of its officers, employees or agents) shall have the right to inspect the Equipment during regular business
hours, with reasonable notice, and in compliance with Lessee’s reasonable security procedures; provided, that such inspections
will be conducted no more often than every six (6) months unless an Event of Default, or event which, with notice or lapse of
time or both, would become an Event of Default, has occurred and is continuing.

 

c. LOCATION.
In the case of Equipment other than mobile Equipment, Lessee may move such Equipment from the installation address shown on the
Equipment Schedule (or any other location for which Lessee has complied with this provision) only if (i) the new location is within
the continental United States,
and (ii) Lessee gives at lost thirty (30) days’ prior written notice of the relocation and provides UCC-1 financing statements,
landlord waivers or such other documentation as Lessor reasonably requests to protect its interest in the Equipment. Lessee shall
keep copies of all operating manuals and manufacturer’s instructions with respect to the Equipment in good condition at the locations
specified in Section 9(c).

 

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10. LESSEE’S REPRESENTATIONS, WARRANTIES AND WAIVERS.

 

a. LESSEE REPRESENTATIONS
AND WARRANTIES. Upon execution of the Lease Agreement, Lessee warrants and represents the following: (i) Lessee is a corporation
duly organized, validly existing and in good standing under the laws of its state of incorporation. Lessee has full power and
authority and all necessary licenses and permits to carry on its business as presently conducted, to own or hold under lease its
properties and to enter into this Lease Agreement and to perform its obligations thereunder; and Lessee is duly qualified to do
business as a foreign corporation and is in good standing in each jurisdiction in which the character of its properties or the
nature of its business or the performance of its obligations under this Lease Agreement, requires such qualification, except for
such jurisdictions in which failure to qualify would not have a material adverse effect on Lessee. (ii) The execution and delivery
by Lessee of this Lease Agreement and the performance by Lessee of its obligations thereunder have been duly authorized by all
necessary corporate action on the part of Lessee; and do not and will not contravene the provisions of, or constitute a default
(either with or without notice or lapse of time, or both) under, or result in the creation of any lien upon, the Equipment or
any property of Lessee under any indenture, mortgage, contract or other instrument to which Lessee is a party or by which Lessee
or its properties is bound. (iii) No consent or approval of, giving of notice to, registration with, or taking of any other action
by, any state, federal, foreign or other governmental commission, agency or regulatory authority or any other person or entity
is required for the consummation or performance by Lessee of the transactions contemplated under this Lease Agreement. (iv) This
Lease Agreement, when executed by Lessee, constitute legal, valid and binding agreements of Lessee enforceable against Lessee
in accordance with their terms, except as limited by any bankruptcy, insolvency, reorganization, or other similar laws of general
application affecting the enforcement of creditor or Lessor rights. (v) There are no actions, suits or proceedings pending or
threatened against or affecting Lessee or any property of Lessee in any court, before any arbitrator of any kind or before or
by any federal state, municipal or other government department, commission, board, bureau, agency or instrumentality (collectively,
“Governmental Body”), which, if adversely determined, would materially adversely affect the business, financial
condition, assets, or operations of Lessee, or adversely affect the ability of Lessee to perform its obligations under this Lease
Agreement; and Lessee is not in default with respect to any order of any court, arbitrator or Governmental Body or with respect
to any material loan agreement, debt instrument or contract with a supplier or customer of Lessee, except as disclosed in writing
to Lessor.

 

b. LESSOR REPRESENTATIONS
AND WARRANTIES. Upon execution of the Lease Agreement, Lessor warrants and represents the following: (i) Lessor owns title
to all the Equipment free and clear of any liens. (ii) Lessor is an entity duty organized, validly existing and in good standing
under the laws of its state of formation. Lessee has full power to lease the Equipment and to enter into this Lease Agreement
and to perform its obligations thereunder, and Lessee is duly qualified to do business as a foreign entity and is in good standing
in each jurisdiction in which the character of its properties or the nature of its business or the performance of its obligations
under this Lease Agreement, requires such qualification, except for such jurisdictions in which failure to qualify would not have
a material adverse effect on Lessor. (ii) The execution and delivery by Lessor of this Lease Agreement and the performance by
Lessor of its obligations thereunder have been duly authorized by all necessary corporate action on the part of Lessor, and do
not and will not contravene the provisions of, or constitute a default (either with or without notice or lapse of time, or both)
under, or result in the creation of any lien upon, the Equipment or any property of Lessor under any indenture, mortgage, contract
or other instrument to which Lessor is a party or by which Lessor or its properties is bound. (iii) No consent or approval of,
giving of notice to, registration with, or taking of any other action by, any state, federal, foreign or other governmental commission,
agency or regulatory authority or any other person or entity is required for the consummation or performance by Lessor of the
transactions contemplated under this Lease Agreement. (iv) This Lease Agreement, when executed by Lessor, constitute legal, valid
and binding agreements of Lessor enforceable against Lessor in accordance with their terms, except as limited by any bankruptcy,
insolvency, reorganization, or other similar laws of general application affecting the enforcement of creditor or Lessee rights.

 

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11. ASSIGNMENT BY LESSOR. LESSEE ACKNOWLEDGES THAT
LESSOR MAY SELL, ASSIGN, GRANT A SECURITY INTEREST IN, OR OTHERWISE TRANSFER ALL OR ANY PART OF ITS RIGHTS, TITLE AND
INTEREST IN THIS LEASE AND THE EQUIPMENT WITHOUT NOTICE TO OR CONSENT OF LESSEE. Upon Lessor’s written notice to Lessee
that this Lease, or the right to the Rental Payments hereunder, have been assigned, Lessee shall, if requested, pay directly
to Lessor’s assignee without abatement, deduction or set-off all amounts which become due hereunder. Lessee
acknowledges that any assignment or transfer by Lessor does not materially change Lessee’s duties or obligations under
this Lease nor materially increase the burdens or risks imposed on Lessee.

 

12. ASSIGNMENT
BY LESSEE. LESSEE MAY NOT, WITHOUT LESSOR’S PRIOR WRITTEN CONSENT, (I) ASSIGN THIS LEASE, WHETHER BY OPERATION OF LAW
OR OTHERWISE, OR SUBLEASE THE EQUIPMENT OR ANY PART THEREOF OR (II) ASSIGN, GRANT A SECURITY INTEREST IN, OR OTHERWISE TRANSFER
ALL OR ANY PART OF ITS RIGHTS, TITLE AND INTEREST IN AND TO THIS LEASE OR THE EQUIPMENT. In the event Lessee makes an assignment,
sublease or other transfer (to which Lessor has consented), Lessee shall not thereby be relieved of its duties and obligations
hereunder, for which it shall remain fully responsible and liable (independent of its assignee).

 

13. TAXES. (i)
Lessee shall comply with all applicable federal, state, local, foreign and international laws, regulations and orders relating
to this Lease. Lessee assumes liability for, and shall pay when due, and on a net after-tax basis shall indemnify and defend Lessor
against, all federal, state, local, foreign and international fees, taxes and government charges (including, without limitation,
interest and penalties) of any nature imposed upon or in any way relating to Lessor, Lessee, any item of Equipment or this Lease,
except federal, state and local taxes on or measured by Lessor’s net income (other than any such tax which is in substitution
for or relieves Lessee from the payment of taxes it would otherwise be obligated to pay to or reimburse Lessor for as herein provided).
Lessee shall at its expense file when due with the appropriate authorities any and all tax and similar returns and reports required
to be filed with respect thereto or, if requested by Lessor, notify Lessor of all such requirements and furnish Lessor with all
information required for Lessor to effect such filings, which filings shall also be at Lessee’s expense. Any fees, taxes
or other charges paid by Lessor upon failure of Lessee to make such payments shall at Lessor’s option become immediately
due from Lessee to Lessor. (ii) This Lease has been entered into on the assumption that Lessor shall be entitled to all deductions,
credits, and other tax benefits as are provided in the Internal Revenue Code of 1986, including amendments as may occur (the “Code”),
to an owner of property including, without limitation, depreciation deductions and interest deductions with respect to any debts
incurred to finance the purchase of the Equipment. If, as a result of any acts, omissions or misrepresentations by Lessee or as
a result of any changes in the Code, the regulations issued thereunder or the administrative or judicial interpretations, Lessor’s
projected after-tax economic return resulting from ownership and lease of the Equipment is reduced, then Lessee’s Rental
Payments shall be increased in an amount (based on Lessor’s reasonable calculations) sufficient to provide the same net
after-tax economic return as if such acts or omissions or changes had not occurred. In the event the Equipment is sold by Lessor
to another party, the net after-tax economic returns considered shall be those of such other party.

 

    5 

     

    

 

14. WARRANTIES. Lessee acknowledges that Lessor
acquired the goods or the right to possession and use of the goods in connection with the Lease. Lessor acknowledges that it
has provided Lessee with a copy of the contract by which Lessor acquired the Equipment or the right to possession and use of
the Equipment before signing the Lease.

 

15. EVENTS OF DEFAULT.
An Event of Default shall occur if Lessee (i) fails to pay any Rental Payment or other payment required under the Lease when
due and such failure continues for a period of sixty (60) days after written notice from Lessor; or (ii) fails to perform or observe
any other covenant, condition or agreement to be performed or observed by it or breaches any provision contained in the Lease
or in any other document furnished to Lessor in connection herewith, and such failure or breach continues for a period of sixty
(60) days after written notice from Lessor; or (iii) without Lessor’s consent, attempts to assign this Lease or sell, transfer,
encumber, part with possession, or sublet any item of Equipment; or (iv) makes any representation or warranty herein or in any
document furnished by Lessee in connection herewith, which shall have been materially false or inaccurate when made or at the
time to which such representation or warranty relates; or (v) shall commit an act of bankruptcy or become insolvent or bankrupt
or make an assignment for the benefit of creditors or consent to the appointment of a Trustee or Receiver or either shall be appointed
for Lessee or for a substantial part of its property without its consent, or bankruptcy reorganization, or insolvency proceedings
shall be instituted by or against Lessee, and, if instituted against Lessee, shall not be vacated or dismissed within sixty (60)
days. Any Event of Default shall be deemed material and a substantial impairment of Lessor’s interests for the purposes
of this Lease, the UCC, and any other applicable law.

 

16. REMEDIES. Upon
the occurrences of any Events of Default and at any time thereafter, provided such Event of Default is then continuing, Lessor
may, in its discretion, do any one or more of the following: (i) cancel the Lease, upon notice to Lessee; (ii) recover any accrued
and unpaid Rental Payments and other amounts which are due and owing under the Lease so canceled on the Rental Payment date immediately
preceding the date on which Lessor obtains possession of the Equipment (or such earlier date as judgment is entered in favor of
Lessor) (the “Determination Date”); (iii) recover any amounts due under any indemnity then determinable; (iv)
require that Lessee provide the return and certification of the Equipment in accordance with Section 5(e) hereof; (v) enter the
premises where such Equipment is located and take immediate possession of and remove the same, all without liability to Lessor
or its agents for such entry; (vi) sell any or all of the Equipment at public or private sale, with or without notice to Lessee
or advertisement, or otherwise dispose of, hold, use, operate, lease to others or keep idle such Equipment, all free and
clear of any rights of Lessee and without any duty to account to Lessee for such action or inaction or for any proceeds with respect
thereto; and (vii) exercise any other right or remedy which may be available to it under the UCC or other applicable law including
the right to recover damages for the breach hereof. In addition, Lessee shall be liable for, and reimburse Lessor for, all reasonable
legal fees and all commercially reasonable costs and expenses incurred by Lessor as a result of the foregoing defaults or the
exercise of Lessor’s remedies, including without limitation recovering possession of the Equipment, selling or leasing the
Equipment (including broker’s and sales representative’s fees and commissions), and placing any Equipment in the condition
and obtaining the certificate required by Section 5(c) hereof. No remedy referred to in this Section is intended to be exclusive,
but each shall be cumulative and in addition to any other remedy referred to above or otherwise available to Lessor at law or
in equity. No express or implied waiver by Lessor of any default shall constitute a waiver of any other default by Lessor, or
a waiver of any of Lessor’s rights.

 

    6 

     

    

 

17. INDEMNIFICATION.
Lessee assumes liability for, and shall pay when due, and shall indemnify, reimburse and hold each Indemnified Person (defined
below) harmless from and against all Claims (defined below), directly or indirectly relating to or arising out of the acquisition,
use, manufacture, purchase, shipment, transportation, delivery, installation, lease or sublease, ownership, operation, possession,
control, storage, return or condition of any item of Equipment (regardless of whether such item of Equipment is at the time in
the possession of Lessee), the falsity of any non-tax representation or warranty of Lessee or Lessee’s failure to comply
with the terms of the Lease during the Lease Term. The foregoing indemnity shall cover, without limitation, (i) any Claim in connection
with a design or other defect (latent or patent) in any item of Equipment, (ii) any Claim for infringement of any patent, copyright,
trademark or other intellectual property right, or (iii) any Claim for negligence or strict or absolute liability in tort; provided,
however, that Lessee shall not indemnify Lessor for any liability incurred by Lessor as a direct and sole result of Lessor’s
gross negligence or willful misconduct. “Claim” means all liabilities, losses, damages, actions, suits, demands, claims
of any kind and nature (including, without limitation, claims relating to environmental discharge, cleanup or compliance), and
all costs and expenses whatsoever to the extent they may be incurred or suffered by an Indemnified Person in connection therewith
(including, without limitation, reasonable attorneys’ fees and expenses), fines, penalties (and other charges of applicable
governmental authorities), licensing fees relating to any item of Equipment, damage to or loss of use of property (including,
without limitation, consequential or special damages to third parties or damages to Lessee’s property), or bodily injury
to or death of any person (including, without limitation, any agent or employee of Lessee). “Indemnified Person” means
Lessor (including without limitation, each of its partners) and each of their respective successors, assigns, agents, officers,
directors, members, partners, servants, agents and employees. Such indemnities shall continue in full force and effect, notwithstanding
the expiration or termination of this Lease. Lessee shall not settle or compromise any Claim against or involving Lessor without
first obtaining Lessor’s written consent thereto, which consent shall not be unreasonably withheld. Lessee shall give Lessor
prompt notice of any occurrence, event or condition in connection with which Lessor may be entitled to indemnification hereunder.
The provisions of this SECTION 17 are in addition to, and not in limitation of, the provisions of SECTION 13(ii).

 

18. NOTICES. Any notice, demand,
request, waiver or other communication required or permitted to be given pursuant to this Agreement must be in writing (including
electronic format) and will be deemed by the parties to have been received (i) upon delivery in person (including by reputable
express courier service) at the address set forth below; (ii) upon delivery by facsimile (as verified by a printout showing satisfactory
transmission) at the facsimile number designated below (if sent on a business day during normal business hours where such notice
is to be received and if not, on the first business day following such delivery where such notice is to be received); (iii) upon
delivery by electronic mail (as verified by a printout showing satisfactory transmission) at the electronic mail address set forth
below (if sent on a business day during normal business hours where such notice is to be received and if not, on the first business
day following such delivery where such notice is to be received); or (iv) upon three (3) business days after mailing with the
United States Postal Service if mailed from and to a location within the continental United States by registered or certified
mail, return receipt requested, addressed to the address set forth below. Any party hereto may from time to time change its physical
or electronic address or facsimile number for notices by giving notice of such changed address or number to the other party in
accordance with this section.

 

	 	If
    to Lessee at:	Desert
    Hawk Gald Corp.
	 	 	1290
    Holcomb Ave.
	 	 	Reno,
    NV 89502
	 	 	Attention:
    Howard Crosby
	 	 	Facsimile
    No.: 775-322-6867
	 	 	Email
    Address: corkinvest19@gmail.com
	 	 	 
	 	With
    a copy (which will not constitute notice) to:	Ronald
    N. Vance
	 	 	The
    Law Office of Ronald N. Vance & Associates, P.C.
	 	 	1656
    Reunion Avenue
	 	 	Suite
    250
	 	 	South
    Jordan, UT 84095
	 	 	Facsimile
    No. (801) 446-8803 
	 	 	Email
    Address: ron@vancelaw.us

 

    7 

     

    

 

	 	If
    to Lessor at:	RMH
    Overhead, LLC
	 	 	1290
    Holcomb Ave.
	 	 	Reno,
    NV 89502
	 	 	Attention:
    Marianne Havenstrite
	 	 	Facsimile
    No.: 775-322.6867
	 	 	Email
    Address: marianne@odcnv.com
	 	 	 
	 	With
    a copy (which will not constitute notice) to:	Rick
    and Marianne Havenstrite
	 	 	8770
    Forest Willow Drive
	 	 	Reno,
    NV 89523
	 	 	Attention:
    Rick or Marianne
	 	 	Facsimile
No.: 775-322-6867 
	 	 	Email
    Address: rickh@odcnv.com

 

 

19. FURTHER ASSURANCES.
Lessee will promptly execute and deliver to Lessor such further reasonable documents and take such further reasonable action
as Lessor may request in order to more effectively carry out the intent and purpose of this Lease or an assignment of Lessor’s
interest herein.

 

20. MISCELLANEOUS.
This Lease shall be binding upon and inure to the benefit of the parties hereto, their permitted successors and assigns. Any
provision of the Lease which is unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining provisions hereof; and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction; provided, however,
that to the extent that the provisions of any such applicable law can be waived, they are waived by Lessee. Time is of the essence
with respect to the Lease. The captions set forth herein are for convenience only and shall not define or limit any of the terms
hereof. THIS LEASE SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF UTAH, WITHOUT
REFERENCE TO CONFLICT OF LAWS PRINCIPLES. LESSOR AND LESSEE WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY LITIGATION ARISING FROM THIS
LEASE. THIS LEASE SHALL BECOME EFFECTIVE AND BINDING ON THE PARTIES, THEIR RESPECTIVE SUCCESSORS AND PERMITTED ASSIGNS, AND SHALL
BE DEEMED EXECUTED AND PERFORMED IN THE STATE OF UTAH, WHEN THE EQUIPMENT IS ACCEPTED BY LESSEE. LESSEE CONSENTS TO THE NON-EXCLUSIVE
JURISDICTION OF THE STATE COURTS OF UTAH FOR THE RESOLUTION OF ANY DISPUTES HEREUNDER.

 

21. Severability.
If a court of competent jurisdiction finds any provision of this Lease Agreement to be invalid or unenforceable as to any
individual, entity or circumstance, such finding shall not render that provision invalid or unenforceable as to any other individuals,
entities or circumstances. If feasible, any such offending provision shall be deemed to be modified to be within the limits of
enforceability or validity; however, if the offending provision cannot be so modified, it shall be stricken and all other provisions
of this Lease Agreement in all other respects shall remain valid and enforceable.

 

22. Counterparts.
This Lease Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be an
original, but such counterparts shall, together, constitute one and the same instrument.

 

23. AMENDMENTS, MODIFICATIONS, WAIVERS.
NONE OF THE PROVISIONS OF THIS LEASE MAY BE AMENDED, MODIFIED OR WAIVED EXCEPT IN A WRITING SIGNED BY LESSOR AND LESSEE.

 

[Signatures on following page]

 

    8 

     

    

 

IN WITNESS WHEREOF,
this Lease Agreement has been executed by the parties hereto as of the day and year first above written.

 

	 	LESSOR:
	 	 	 
	 	RMH Overhead, LLC
	 	 	 
	Date: June 20, 2016	By:	/s/ Marianne Havenstrite
	 	 	Name: Marianne Havenstrite
	 	 	Title: Managing Member
	 	 	 
	 	LESSEE:
	 	 	 
	 	Desert Hawk Gold Corp.
	 	 	 
	Date: June 20, 2016	By:	/s/ Howard Crosby
	 	 	Name: Howard Crosby
	 	 	Title: Chief Executive Officer

 

    9 

     

    

 

EXHIBIT A

 

Equipment Schedule

 

	EQUIPMENT	 	S/N	 	 	DESCRIPTION	 	LOCATION	 	EST FMV	 
	Komatsu

PC400L-C-6L	 	 	S/N213606	 	 	Komatsu Diesel  Engine 305HP with Geith Bucket	 	Kiewit Mine Site	 	$	40,000	 
	Metso 720 Screen  Plant	 	 	SNNBC10015	 	 	Metso Horizontal Screen Plant	 	Kiewit Mine Site	 	$	120,000	 
	Masaba Stacking  Conveyor	 	 	20131913	 	 	Masaba 36” x 95’ Radial Stacking
    Conveyor	 	Kiewit Mine Site	 	$	30,000	 
	Reesco Belts (4)	 	 	NC00092

                                                                             NC00093

                                                                             NC00094

                                                                             NC00095
	 	 	Reesco 36” x 60’
    Field Conveyors	 	Kiewit Mine Site	 	$	40,000	 
	 	 	 	 	 	 	 	 	Total:	 	$	230,000	 

 

    10 

     

    

 

EXHIBIT B

 

Amortization Schedule

 

	Compound Period	:	Monthly
	Nominal Annual Rate	:	15 000%

 

CASH FLOW DATA

 

	 	 	 	Event	 	 	Date	 	 	Amount	 	 	Number	 	 	Period	 	 	End Date	 
	1	 	 	Loan	 	 	 	06/20/2016	 	 	 	190,000.00	 	 	 	1	 	 	 	 	 	 	 	 	 
	2	 	 	Payment	 	 	 	07/20/2016	 	 	 	9,212.46	 	 	 	24	 	 	 	Monthly	 	 	 	06/20/2018	

 

AMORTIZATION SCHEDULE - Normal Amortization

 

	 	 	 	Date	 	 	Payment	 	 	Interest
	 	 	Principal	 	 	Balance	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Loan	 	 	06/20/2016	 	 	 	 	 	 	 	 	 	 	 	190,000.00	 
	1	 	 	07/20/2016	 	 	 	9,212.46	 	 	 	2,375.00	 	 	 	6,837.46	 	 	 	183,162.54	 
	2	 	 	08/20/2016	 	 	 	9,212.46	 	 	 	2,289.53	 	 	 	6,922.93	 	 	 	176,239.61	 
	3	 	 	09/20/2016		 	 	9,212.46	 	 	 	2,203.00	 	 	 	7,009.46	 	 	 	169,230.15	 
	4	 	 	10/20/2016	 	 	 	9,212.46	 	 	 	2,115.38	 	 	 	7,097.08	 	 	 	162,133.07	 
	5	 	 	11/20/2016	 	 	 	9,212.46	 	 	 	2,026.66	 	 	 	7,185.80	 	 	 	154,947.27	 
	6	 	 	12/20/2016	 	 	 	9,212 46	 	 	 	1,936.84	 	 	 	7,275.62	 	 	 	147,671.65	 
	2016 Totals	 	 		 	 	 	55,274.76	 	 	 	12,946.41	 	 	 	42,328.35	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	7	 	 	01/20/2017	 	 	 	9,212.46	 	 	 	1,845.90	 	 	 	7,366.56	 	 	 	140,305.09	 
	8	 	 	02/20/2017	 	 	 	9,212.46	 	 	 	1,753.81	 	 	 	7,458.65	 	 	 	132,846.44	 
	9	 	 	 03/20/2017	 	 	 	9,212.46	 	 	 	1,660.58	 	 	 	7,551.88	 	 	 	125,294.56	 
	10	 	 	04/20/2017		 	 	9,212.46	 	 	 	1,566.18	 	 	 	7,646.28	 	 	 	117,648.28	 
	11	 	 	05/20/2017	 	 	 	9,212.46	 	 	 	1,470.60	 	 	 	7,741.86	 	 	 	109,906.42	 
	12	 	 	06/20/2017	 	 	 	9,212.46	 	 	 	1,373.83	 	 	 	7,838.63	 	 	 	102,067.79	 
	13	 	 	07/20/2017	 	 	 	9,212.46	 	 	 	1,275.85	 	 	 	7,936.61	 	 	 	94,131.18	 
	14	 	 	08/20/2017	 	 	 	9,212.46	 	 	 	1,176.64	 	 	 	8,035.82	 	 	 	86,095.36	 
	15	 	 	09/20/2017	 	 	 	9,212.46	 	 	 	1,076.19	 	 	 	8,136.27	 	 	 	77,959.09	 
	16	 	 	10/20/2017	 	 	 	9,212.46	 	 	 	974.49	 	 	 	8,237.97	 	 	 	69,721.12	 
	17	 	 	11/20/2017	 	 	 	9,212.46	 	 	 	871.51	 	 	 	8,340.95	 	 	 	61,380.17	 
	18	 	 	12/20/2017	 	 	 	9,212.46	 	 	 	767.25	 	 	 	8,445.21	 	 	 	52,934.96	 
	2017 Totals	 	 		 	 	 	110,549.52	 	 	 	15,812.83	 	 	 	94,736.69	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	19	 	 	01/20/2018	 	 	 	9,212.46	 	 	 	661.69	 	 	 	8,550.77	 	 	 	44,384.19	 
	20	 	 	02/20/2018	 	 	 	9,212.46	 	 	 	554.80	 	 	 	8,657.66	 	 	 	35,726.53	 
	21	 	 	03/20/2018	 	 	 	9,212.46	 	 	 	446.58	 	 	 	8,765.88	 	 	 	26,960.65	 
	22	 	 	04/20/2018	 	 	 	9,212.46	 	 	 	337.01	 	 	 	8,875.45	 	 	 	18,085.20	 
	23	 	 	05/20/2018	 	 	 	9,212.46	 	 	 	226.07	 	 	 	8,986.39	 	 	 	9,098.81	 
	24	 	 	06/20/2018		 	 	9,212.46	 	 	 	113.65	 	 	 	9,098.81	 	 	 	0.00	 
	2018 Totals	 	 		 	 	 	55,274.76	 	 	 	2,339.80	 	 	 	52,934.96	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grand Totals	 	 	 	 	 	 	221,499.04	 	 	 	31,099.04	 	 	 	190,000.00	 	 	 	 	 

 

This amortization schedule is to be
used for valuation purposes of the rental equipment in the event that

Lessee purchases the equipment from the Lessor prior to the termination of the lease at 24 months.

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