Document:

Exhibit 10.2

		

			Exhibit 10.2

		

		

			 

		

		
			CLARIFYING AMENDMENT TO ETHANOL STORAGE AND THROUGHPUT AGREEMENT
		

		
			THIS CLARIFYING AMENDMENT to the ETHANOL STORAGE AND THROUGHPUT AGREEMENT (this “Agreement”), is entered into this 4th day of January, 2016 and effective as of the 1st day of July, 2015 (the “Effective Date”), by and between Green Plains Ethanol Storage LLC (the “Operator”) and Green Plains Trade Group LLC (the “Customer”).  Customer and Operator are sometimes referred to in this Agreement as the “Parties” and individually as a “Party.” 
		

		
			WHEREAS, Operator and Customer intended that the Product definition not differentiate between fuel or industrial grade, and denatured or un-denatured product. Terms used herein not defined herein shall have the meaning set forth in the Agreement;
		

		
			NOW, THEREFORE, in consideration of the mutual premises of the parties and covenants and conditions hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:
		

			
	
			
				 1.
			

			
	
			
			The second “WHEREAS” clause shall be modified so that “Product” shall mean Customer’s fuel or industrial grade ethanol, whether denatured or un-denatured. 

		
			IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
		

		
			OPERATOR: GREEN PLAINS ETHANOL STORAGE LLC

		

		
			﻿
		

		
			Signature: /s/ Jerry Peters
		

		
			Print Name:Jerry Peters
		

		
			Title:Chief Financial Officer
		

		
			﻿
		

		
			CUSTOMER: GREEN PLAINS TRADE GROUP LLC

		

		
			﻿
		

		
			Signature: /s/ Jerry Peters
		

		
			Print Name:Jerry Peters
		

		
			Title:Chief Financial Officer
		

		
			﻿
		

		

		

		 

 

		EXHIBIT G
TERMINAL DESCRIPTION
		

		
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						Location/Terminals

					
					
						Minimum Throughput 

					
						(mmg per calendar quarter)

					
					
						Ethanol Storage Capacity

					
						(mmg)

					
					
						Tank Bottoms

					
						(in gallons)

				
	
					
						Atkinson, Nebraska

					9.38 
					2.074 
					363,000 
				
	
					
						Bluffton, Indiana

					27.90 
					3.000 
					277,170 
				
	
					
						Central City, Nebraska

					22.75 
					2.250 
					300,000 
				
	
					
						Fairmont, Minnesota

					21.56 
					3.124 
					275,000 
				
	
					
						Hereford, Texas

					21.25 
					4.406 
					642,600 
				
	
					
						Hopewell, Virginia

					12.75 
					
					
						.761

					166,600 
				
	
					
						Lakota, Iowa

					18.75 
					2.500 
					300,000 
				
	
					
						Obion, Tennessee

					27.96 
					3.000 
					250,000 
				
	
					
						Ord, Nebraska

					11.00 
					1.550 
					150,000 
				
	
					
						Otter Tail, Minnesota

					9.75 
					2.000 
					250,000 
				
	
					
						Riga, Michigan

					13.95 
					1.239 
					190,000 
				
	
					
						Shenandoah, Iowa

					15.11 
					1.524 
					150,000 
				
	
					
						Superior, Iowa

					11.10 
					1.238 
					228,000 
				
	
					
						Wood River, Nebraska

					23.29 
					3.124 
					280,000 
				

		
			 
		

		

		

		 

 

		EXHIBIT H
ETHANOL PRODUCTION FACILITIES
		

		
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						﻿

					
						Ethanol Production Plant Location

				
	
					
						Atkinson, Nebraska

				
	
					
						Bluffton, Indiana

				
	
					
						Central City, Nebraska

				
	
					
						Fairmont, Minnesota

				
	
					
						Hereford, Texas

				
	
					
						Hopewell, Virginia

				
	
					
						Lakota, Iowa

				
	
					
						Obion, Tennessee

				
	
					
						Ord, Nebraska

				
	
					
						Otter Trail, Minnesota

				
	
					
						Riga, Michigan

				
	
					
						Shenandoah, Iowa

				
	
					
						Superior, Iowa

				
	
					
						Wood River, Nebraska

				

		
			﻿Exhibit 10.3

		

			Exhibit 10.3

		

		
			CORRECTION TO RAIL TRANSPORTATION SERVICES AGREEMENT
		

		
			THIS CORRECTION to the RAIL TRANSPORTATION SERVICES AGREEMENT (this “Agreement”), is entered into this 12th day of May, 2016 and is effective as of the 1st day of July, 2015 (the “Effective Date”), by and between Green Plains Logistics LLC (the “Operator”) and Green Plains Trade Group LLC (the “Customer”).  Customer and Operator are sometimes referred to in this Agreement as the “Parties” and individually as a “Party.” 
		

		
			WHEREAS,  the parties recognize a scrivener’s error in the Agreement and desire to correct such error to reflect the intent of the parties. Terms used herein not defined herein shall have the meaning set forth in the Agreement.
		

		
			NOW, THEREFORE, in consideration of the mutual premises of the parties and covenants and conditions hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:
		

			
	
			
				 1.
			

			
	
			
			 Section 3.c.i. of the Agreement is hereby modified as follows:  The word “OR” shall be inserted after “regulations” and before “related” in Section 3.c.i.

		
			IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.
		

		
			OPERATOR: GREEN PLAINS LOGISTICS LLC

		

		
			﻿
		

		
			Signature: /s/ Jerry Peters
		

		
			Print Name:Jerry Peters
		

		
			Title:Chief Financial Officer
		

		
			﻿
		

		
			CUSTOMER: GREEN PLAINS TRADE GROUP LLC

		

		
			﻿
		

		
			Signature: /s/ Jerry Peters
		

		
			Print Name:Jerry Peters
		

		
			Title:Chief Financial Officer
		

		
			﻿
		

		
			﻿
		

		
			﻿Exhibit 10.14

 

PYRAMID MINE PROPERTY

EXPLORATION AND MINING LEASE WITH OPTIONS
TO PURCHASE AGREEMENT

 

This Exploration
and Mining Lease with Options to Purchase Agreement (the “Agreement”) is made and entered into this 20th
day of January, 2016 (the “Effective Date”) by and between Brilliant Sands Incorporated, a Montana corporation,
herein referred to as (the “Owner”) and Premium Bonanza Gold Mines, LLC, an Idaho limited liability
company, herein referred to as (the “Lessee”).

 

RECITALS

 

A.           Owner
owns or controls the mineral rights and other certain interests to the Pyramid Mine Property which consists of 5 unpatented lode-mining
claims located on BLM lands in the Holy Cross Mining District, Churchill County, Nevada. The unpatented lode mining claims are
described in greater detail in Exhibit A attached hereto, including but not limited to the claims, shall be referred to as (the
“Property”).

 

B.           Owner
desires to lease the Property to Lessee and to grant to Lessee the options to purchase the Mineral Rights and/or the Production
Royalty to the Property on the terms and conditions of this Agreement.

 

C.           Lessee
desires to lease the Property from Owners subject to the terms of this Exploration and Mining Lease with Options to Purchase Agreement.

 

NOW THEREFORE, in consideration of their mutual promises,
the parties agree as follows:

 

1.          Definitions.
The following defined terms, wherever used in this Agreement, shall have the meanings described below:

 

1.1           “Applicable
Environmental Laws” means any applicable federal, state, or local government law (including common law), statute, rule,
regulation, ordinance, permit, license, requirement, agreement or approval, or any applicable determination, judgment, injunction,
directive, prohibition or order of any governmental authority with jurisdiction at any level of federal, state, or local government,
relating to pollution or protection of the environment, ecology, natural resources, or public health or safety.

 

1.2            “Area
of Interest” (the “AOI”) means the geographic area and legal description exterior to the boundary
of the Claims and the AOI is made a part of the Property, as of the Property, as it exists on the Effective Date. The AOI is defined
as: T14N, R29E, Sections 10 and 11.

 

1.3           “Closing”
means the delivery and exchange of documents and payments described in the Closing of the Option to Purchase the Mineral Rights
in section 5 or the Closing of the Option to Purchase of part of the Royalty Rights in section 4.

 

1.4           “Closing
Date” means the date on which Lessee completes the purchase of the Mineral Rights and/or the purchase of the Royalty
Rights to the Property.

 

1.5           “Claims”
(the “Claims”) means all rights, titles and interests of unpatented mining claims located and/or recorded
with the Bureau of Land Management and/or with Churchill County, Nevada.

 

1.6           “Commercial Production”
means the mining, extraction, processing and recovery for sale of Minerals from the Property, excluding the taking of Minerals
from the Property for the purpose of bulk sampling or determining the amenability of the Minerals to beneficiation processes or
mining;

 

1.7           “Data”
means any and all factual and interpretative, original and copies of all written, hard copy and digital geological, geochemical,
metallurgical and geophysical data, including but not limited to reports, documents, correspondences, maps, drill logs, drill chips
trays, core, coarse rejects, pulps, core tests, hand samples, surveys, assays, analyses, production reports, operations, technical,
accounting and financial records, and all other information present, acquired, generated, delivered to or in Lessee’s possession
pertaining to the Property and Owner’s interest herein.

 

    	 	1	 

     

    

 

1.8           “Effective Date”
means January 19, 2016, regardless of the signatures execution dates.

 

1.9           “Governmental
Regulations” means all directives, laws, orders, ordinances, regulations and statutes of any federal, state, provincial
or local agency, securities commission, court or office.

 

1.10         “Hazardous
Materials” means any material, waste, chemical, mixture or byproduct which: (i) is or is subsequently defined, listed,
or designated under Applicable Environmental Laws as a pollutant, or as a contaminant, or as toxic or hazardous; or (ii) is harmful
to or threatens to harm public health, safety, ecology, or the environment and which is or hereafter becomes subject to regulation
by any federal, state or local governmental authority or agency.

 

1.11         “Interest
Rate” means LIBOR plus two percent (2%) per annum.

 

1.12         “Lease
Year” means each one (1) year period following the Effective Date.

 

1.13         “Lessee”
means Premium Bonanza Gold Mines, LLC, and its successors and assigns.

 

1.14         “Lessee
Affiliates” means (the “Lessee Affiliates”) shareholders, directors, officers, employees, members,
managers, agents, representatives, contractors, subcontractors or affiliates and each successors and assigns.

 

1.15         “Minerals”
means all minerals and mineral materials, including gold, silver, platinum group metals, base metals, antimony, chromium, cobalt,
copper, lead, manganese, mercury, nickel, molybdenum, titanium, tungsten, zinc and barite, and all other metals and mineral materials
that are on, in or under the Property.

 

1.16         “Mineral
Rights” means the right, title and interest in Patented and Unpatented Lode Mining Claims comprising of the Property.

 

1.17         “Mineral
Rights Purchase Option” means the option to purchase all the Mineral Rights to the Property granted by Owner to Lessee
in accordance with Section 5.

 

1.18         “Mineral
Rights Purchase Price” means the purchase price for the Property described In Section 5.

 

1.19         “Mineral
Rights Purchase Deed” means the conveyance, which Owner is obligated to execute and deliver to Lessee on Lessee’s
exercise and Closing of the Mineral Rights Purchase Option in accordance with Section 5.5.

 

1.20         “Net
Smelter Returns” (the “NSR”) means the net smelter returns from the production of Minerals from the
Property as calculated and determined in accordance with Section 4 and 4.2, and Exhibit B of this Agreement and the Purchase Royalty
Quitclaim Deed.

 

1.21         “Owner”
means Brilliant Sands Inc. and its successors and assigns.

 

1.22         “Owner
Affiliates” means (the “Owner Affiliates”) shareholders, directors, officers, employees, members,
managers, agents, representatives, contractors, subcontractors or affiliates, and each successors and assigns.

 

1.23         “Payments”
means the Advanced Royalty Payments, Production Royalty Payments, payable by Lessee in US Dollars and in the methods described
in this Agreement.

 

1.24         “Property”
means collectively, the 5 unpatented lode mining claims and any additional unpatented mining claims located and/or recorded within
the AOI by Owner or Lessee, (the “Claims”); and an Area of Interest (the “AOI” described
in legal subdivision),both which are situated in Churchill County, Nevada and more particularly described in Exhibit A attached
hereto. If Lessee, its successors or assigns amends, relocates or patents any of the unpatented mining claims described in Exhibit
A, or if Lessee converts any of such claims into leases or other types of property rights or interests pursuant to any amendment
of the United States Mining Law of 1872, such claims, rights and interests shall be deemed to be included within the Property.

 

    	 	2	 

     

    

 

1.25         “Royalty”
means the production royalty payable in cash by Lessee to Owner in accordance with Section 4, 4.2, 4.3, 4.4 and Exhibit B.

 

1.26         “Royalty
Rights” means the right, title and interest of the Royalty with regards to this Property, as described In Section 4,
4.2, 4.3, 4.4 and Exhibit B.

 

1.27         “Royalty
Purchase Option” means Lessee’s option to purchase 2 of the 3 percent of the Royalty granted by Owner to Lessee
in accordance with Section 4, 4.2, 4.3, 4.4 and Exhibit B.

 

1.28         “Royalty
Purchase Deed” means the conveyance which Owner is obligated to execute and deliver to Lessee on Lessee’s exercise
and closing of the Royalty Purchase Option in accordance with Section 4.4.2, 4.3, and 4.4.

 

1.29         “Term”
means the time frame while this Exploration and Mining Lease with Option to Purchase Agreement is in effect.

 

2.          Lease
and Grant of Rights. Owner hereby leases (the “Lease”) the Property to Lessee and grants Lessee the rights
and privileges to use the Property pursuant to the terms of this Agreement.

 

2.1           Lease.
Owner leases the Property to Lessee for the purpose of exploration and mining of Minerals. Lessee shall have the right to conduct
all customary mineral exploration activities including, but not limited to geological mapping, soil sampling, rock chip sampling,
geophysical surveys, trenching, drilling, and excavation of test pits for bulk samples, all subject to appropriate state and federal
permitting. Lessee shall further have the right to develop and mine such Minerals in accordance with all Federal and State laws
and regulations.

 

2.2           Water
Rights. Subject to the regulations of the State of Nevada concerning the appropriation and taking of water, Lessee shall have
the right to appropriate and use water, to drill wells for the water on the Property and to lay and maintain all necessary water
lines as may be required by Lessee in its operations on the Property. If lessee acquires or files any application for appropriation
or a permit, it shall cause each such application and permit to be taken jointly in the names of Owner and Lessee. On termination
of this Agreement, except on Lessee’s exercise and closing of the Option, Lessee shall assign and convey to Owner all permits
and water rights appurtenant to the Property, which are acquired by Lessee during the term of the Agreement. If Lessee exercises
and closes on the Option, Owner shall assign and convey to Lessee all permits and water rights appurtenant to the Property.

 

2.3           Cross Mining.
Lessee may use the Premises for any shafts, openings, pits, and stockpile-grounds sunk or made for the mining, removal, and/or
stockpiling of any Mineral Substances from any adjoining or nearby property. Mineral Substances taken from the Premises shall at
all times be kept entirely separate and distinct from any other ore or concentrated product, until the same are measured and sampled
so that the rights of Owner shall be at all times preserved and protected.

 

2.4           Commingling.
Lessee shall have the right to commingle ore and minerals from the Premises with ore from other lands and properties; provided,
however, that Lessee shall calculate from representative samples the average grade of the ore and shall weigh (or calculate by
volume) the ore before commingling. If concentrates, dore, or any other processed, beneficiated, or refined mineral products (“Concentrates”)
are produced from the commingled ores by Lessee, Lessee shall also calculate from representative samples the average recovery percentage
for all such concentrates produced during the calendar quarter and shall allocate a percentage of concentrate production to Owner
according to such calculations. In obtaining representative samples and calculating the average grade of the ore and average recovery
percentages, Lessee may use any procedures accepted in the mining and metallurgical industry which it believes suitable for the
type of mining and processing activity being conducted and, in the absence of fraud, its choice of such procedures shall be final
and binding on Owner. In addition, comparable procedures may be used by Lessee to apportion among the commingled ores penalty charges,
if any, imposed by the purchases or such ore or concentrates.

 

3.          Term.
Subject to prior termination, the term (the “Term”) of this Agreement shall be for a period of twenty (20) years
commencing on the Effective Date.

 

4.          Consideration
for the Granting of the Lease. Lessee shall make the following Payments to Owner at the following address: Brilliant sands
Inc., 3983 S. McCarran Blvd Box 458, Reno, Nevada 89502

 

    	 	3	 

     

    

 

4.1           Advanced
Royalty Payments. In consideration of the granting of the Lease to the Lessee, on the dates described below, Lessee shall pay
to Owner cash payments as follows:

 

	Date	 	Cash Payment	 
	 	 	 	 
	On Execution of this Agreement (“Effective Date”)	 	$	20,000	 
	On or prior to the 1st Anniversary of the Effective Date	 	 	Waived	 
	On or prior to the 2nd Anniversary of the Effective Date	 	$	25,000	 
	On or prior to the 3th Anniversary of the Effective Date	 	$	30,000	 
	On or prior to the 4th Anniversary of the Effective Date	 	$	40,000	 
	On or prior to the 5th Anniversary and thereafter	 	$	50,000	 

 

The Advanced Royalty
Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not Mineral Rights’
Purchase Price. The Advanced Royalty Payment which is due within 30 days of the Effective Date shall be delivered and received
by Owners or this Agreement shall be null and void and Lessee shall have no rights, title or interest to this Agreement, unless
modified and agreed upon in writing by both parties.

 

4.2           Production
Royalty Payment.  Lessee shall pay to Owner a production royalty equal to three percent (3%) of the Net Smelter Returns
(“NSR”) from the production or sale of Minerals from the Property. Lessee agrees to pay to Owner a production
royalty equal to one percent (1%) of the Net Smelter Returns (“NSR”) or any other royalties from the production
or sale of Minerals from all third party properties within the Area of Interest (“AOI”). Lessee shall calculate
and pay the Royalty in accordance with Exhibit B. Lessee shall pay the Royalty within one (1) month after the last day of each
month during which Lessee sells or ships any Minerals or products of Minerals produced from the Property.

 

4.3           Royalty
Purchase Option. Lessee shall have the option to purchase a portion of the 3% NSR Royalty from the Property representing one
percent (1%) of the NSR for one million dollars ($1,000,000 million), in accordance with the Agreement and terms of the Purchase
of Production Royalty Quitclaim Deed (the “Royalty Deed”). Lessee shall have the option to purchase an additional one
percent (1%) of the NSR for three million dollars ($3,000,000 million), in accordance with the Agreement and terms of the Royalty
Deed. Lessee may exercise the option to purchase the Royalty at any time within six (6) months after Lessee completes a positive,
bankable, feasibility study and commits the development of the Property as a mine. The remaining one percent (1%) Royalties from
third parties within the AOI shall not be available for purchase unless both the Owner and Lessee agree in writing.

 

4.4           Method
of Payment. All payments by Lessee to Owner shall be paid by check, wire or delivery, and delivered to Owner at its address
for notice purposes or by wire transfer to an account designated by each Owner. At Owner discretion and election, the payment of
Precious Metals NSR Royalty may be paid in Cash as defined in Exhibit B. All payments shall be accompanied by a statement explaining
the manner in which the payment was calculated. Payments shall be delivered to Owner in the amounts of 100%. All cash payments
and sums referred to in this Agreement shall be in United States currency.

 

4.5           Common Shares
Issuance Payment. No payment in common shares is anticipated.

 

4.6           Late
Charge and Interest. Lessee acknowledges that late payment by Lessee to Owner of Advanced Royalty Payments, Royalty or other
payment or sums due from Lessee will cause Owner to incur costs not contemplated by this Agreement, the exact amount of which will
be extremely difficult to ascertain. Accordingly, if any Advanced Royalty Payment, Royalty or any other amount due and payable
by Lessee is not received by Owner within ten (10) days after such amount is due, then Lessee shall pay to Owner a late fee equal
to ten percent (10%) of such overdue amount. The parties agree that such late fee represents a fair and reasonable estimate of
the costs Owner will incur by reason of any late payment by Lessee. Owner acceptance of such late charge shall not constitute a
waiver of Lessee’s default with respect to such overdue amount, nor prevent Owner from exercising any of Owners other rights
and remedies granted under this Agreement. If any Advanced Royalty Payment, Royalty or other amount payable by Lessee remains delinquent
for a period in excess of thirty (30) days, Lessee shall pay to Owner, in addition to the late payment, interest from and after
the due date based on the Interest Rate. Lessee’s payment of such interest shall not excuse or cure any default by Lessee.
If any Advanced Royalty Payments, Royalty or other stock issuances or amount payable by Lessee remains delinquent for a period
in excess of thirty (30) days, then this Agreement shall be null and void and Lessee shall have no rights, titles or interests
to this Agreement or the Property.

 

    	 	4	 

     

    

 

4.7           Reimbursement
of Annual Fee.         Lessee agrees to reimburse Owner 100% of 2016 (and each
year thereafter while this lease is in effect) Bureau of Land Management Annual Maintenance Fee for Notice of Intent to Hold Claim
Filing Fee and Churchill County, Nevada Annual Affidavit and Notice of Intent to Hold Claim Filing Fee.

 

4.8           Work Commitment.
In consideration of the granting of the Lease to the Lessee, Lessee shall be obligated to expend the amounts (the “Work
Commitment Expenditures”) listed below on exploration activities by the end of each Lease year as set forth below. Advanced
Royalty Payments, Federal and County Mining Claim Maintenance Fees and new claim staking and filing/recording fees and are not
expenses that Lessee may expense towards the Work Commitment.

 

	Lease Year	 	Amount	 
	1st Lease Year	 	$	10,000.00	 
	2nd Lease Year	 	$	25,000.00	 
	3rd Lease Year	 	$	30,000.00	 
	4th Lease Year	 	$	40,000.00	 
	5th Lease Year and each Lease Year thereafter	 	$	50,000.00	 

 

All work expenditures made by Lessee during
any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will
go, against work commitment requirements for any subsequent Lease Year. In the event Lessee is unable to fulfill the Required Work
Commitment Expenditure within the above required work time frames, then the difference between the actual expenditures made and
the Required Work Commitment Expenditure will be paid to Owner in cash in US dollars as the fulfillment of lessee’s obligation.

 

5.          Option
to Purchase the Mineral Rights to the Property. Owner grants to Lessee the exclusive option right to purchase the Mineral Rights
to the Property, subject to and excluding the Royalty Rights reserved by Owner, and subject to and excluding and the continued
Advanced Royalty Payments to Owner and continued Work Commitment Expenditures as delineated in the Exploration and Mining Lease
with Options to Purchase Agreement, and subject to Lessee’s obligations under the conveyance executed, and to the delivered
by Owner on the closing of the Option. The Purchase Price for the Mineral Rights to the Property shall be 5 Million Dollars ($5,000,000.00).
The Advanced Royalty Payments payable by Lessee to Owner in accordance with Section 4.1 shall not be credited against the Purchase
Price of the Mineral Rights.

 

5.1           Notice
of Election. If Lessee elects to exercise the Option to Purchase the Mineral Rights, Lessee shall deliver written notice to
Owner during the Term of this Agreement. Following Owner’ receipt of Lessee’s notice to exercise the Option to Purchase
the Mineral Rights, the parties shall make diligent efforts to close the conveyance of the Property Mineral Rights within sixty
(60) days thereafter.

 

5.2           Real
Property Transfer Taxes. Lessee shall pay the real property transfer taxes, if any, the costs of escrow and all recording costs
incurred in closing of the Option.

 

5.3           Proration
of Taxes. Payment of any and all state and local real property and personal property taxes levied on the Property and not otherwise
provided for in this Agreement shall be the responsibility of the Owner.

 

5.4           Payment
on Closing. On closing of the Option to Purchase the Mineral Rights, Lessee shall pay the Purchase Price of $5,000,000.00 to
Owner.

 

5.5           Conveyance
on Closing. If Lessee exercises and closes the Option to Purchase Mineral Rights, Owner shall execute and deliver to Lessee
the Mineral Rights Deed. The parties shall complete the Mineral Rights Deed by inserting the description of the Property, schedule
of Royalty Payments and the schedule of the Advanced Royalty Payments. Owner and Lessee shall execute and deliver such other written
assurances and instruments as are reasonably necessary for the purpose of closing the purchase of the Property’s Mineral
Rights.

 

    	 	5	 

     

    

 

5.6           Effect
of Closing. On closing of the Option, Lessee shall own the Mineral Rights of the Property, subject to continued Advanced Royalty
Payments, the Royalty reserved by Owner, and Lessee’s obligations stated in the Mineral Rights Deed and continued Work Commitment
Expenditures.

 

6.          Compliance
with the Laws.  During the Term, Lessee agrees it shall at Lessee’s sole cost: (1) apply for all necessary permits, licenses
and approvals; (2) promptly comply with all Governmental applicable Laws and Regulations relating to the condition, use or occupancy
of the Property by Lessee, including but not limited to all exploration and development work performed by Lessee; (3) notify promptly
Lessor of any allegations of substantial violation thereof; and (4) prepare and file all reports or notices required by Lessee.
Lessee shall not be in breach of this provision if a violation has occurred in spite of the Lessee’s good faith efforts to
comply, and Lessee has timely cured or disposed of such violation through performance, or payment of fines and penalties. For greater
certainty, in respect of Section 8 during the Term, Lessee shall be responsible for title, property and permitting issues. Lessee
shall, at its sole cost, promptly comply with all applicable Governmental Regulations regarding reclamation of the Property and
Lessee shall defend, indemnify and hold harmless Lessor from any and all actions, assessment, mining claims, costs, fines, liability
and penalties arising from or related to Lessee’s failure to comply with any applicable Governmental Regulations. Lessee
shall perform or cause to be performed during the Term all work necessary to comply with agreements, concessions or other instruments
constituting and governing the Property and associated mining claims and shall take measures necessary to maintain same in full
force and effect. Lessee agrees to fence off all dangerous openings on the property and shall complete all necessary closure activities
and repairs within sixty (60) days of the Effective Date.

 

		7.	Lessee’s Work Practices and Reporting.

 

7.1           Work
Practices. During the Term, Lessee shall work the Property in a miner-like manner.

 

7.2           Inspection
of Property and Data. During the Term, Owner shall have the right to examine and make copies of all Data regarding the Property
in Lessee’s possession during reasonable business hours and upon prior notice, provided, however, that the rights of the
Owner to examine such Data shall be exercised in a manner that does not interfere with the operations of the Lessee. During the
Term, Owner shall be permitted to enter the Property and Lessee’s workings at all reasonable times for the purpose of inspection,
but Owner shall enter on the Property at their own risk and in such a manner which does not unreasonably hinder, delay or interfere
with Lessee’s operations.

 

7.3           Reports
and Release of Data. Within thirty (30) days of the end of each Lease Year, Lessee shall, at

Lessee’s sole costs,
deliver to Owner address as set forth in the Notice provision in Section 22 herein, a copy of all Data, as well as deliver to Owner
a report of all of Lessee’s activities conducted on the Property for such Lease Year, including itemized information concerning
Work Commitment Expenditures incurred during the Lease Year. Within sixty (60) days of the completion of all third party services
which results in the generation or production of Data (including but not limited to geochemical laboratories, geophysical surveys,
remote sensing surveys), Lessee shall obtain from such service provider an assignment of all intellectual property rights in the
Data to the Owner and provide a copy of the same to the Owner. Lessee shall as well as forward release letters from third parties
of specific surveys and data generated to Owner such that Owner owns the data and has full access and right to the Data. If Lessee
fails to compile with the terms of this section within 30 days request, this Agreement shall be null and void.

 

8.          Location
of Additional Unpatented Mining Claims. During the Term, all unpatented mining claims acquired by either Owner or Lessee which
are partially or wholly in the Area of Interest shall be recorded in Owner’s name and shall be part of and subject to this
Agreement. If either Lessee or Owner acquires any unpatented mining claims in the Area of Interest, such party shall promptly notify
the other party. Either party may execute and deliver an amendment of this Agreement, in recordable form, which provides that the
newly acquired unpatented mining claims are part of the Property and are subject to this Agreement. The amendment may be recorded
by either party.

 

8.1           Owner
Acquired Rights. If at any time while this Agreement is in effect, Owner stakes or otherwise acquires, directly or indirectly,
any right to or interest in any mining claims, license, lease, grant, concession, permit, patent, or other minerals, property or
surface rights or water rights (collectively, the “Acquired Rights and Interests”) located wholly or partly
within the Area of Interest, the Owner shall forthwith give notice to Lessee of that staking or acquisition, the cost thereof and
all details in possession of the Owner with respect to the nature of the Acquired Rights and the known mineralization. Lessee may,
within 30 days of receipt of this notice, elect to include within the Option the Acquired Rights by reimbursing the Owner for any
and all acquisition costs. If Lessee elects not to include the Acquired Rights as part of the mining claims subject to this Agreement
the Owner shall hold such Acquired Rights separate from this Agreement and Lessee shall have no rights or obligations thereto.

 

    	 	6	 

     

    

 

8.2           Lessee
Acquired Rights. If at any time while this Agreement is in effect, Lessee or otherwise acquires “Acquired Rights”
located wholly or partly within the Area of Interest, then those Acquired Rights shall: (a) be included under this Agreement; (b)
the cost of acquisition shall be deemed to be Work Commitment Expenditures; and (c) be transferred to the Owner should this Agreement
expire or terminate.

 

8.3           Existing
Third Party Rights. Any and all existing third party Right, Title or Interest wholly or partly acquired controlled or located
in any and all manners in the Area of Interest by Owner or Lessee on the Effective Date or any time in the future shall be subject
to this Agreement.

 

8.4           Lessee
Release of Claims. Lessee shall not have the right to relinquish, release, abandon, quitclaim, drop (the “Release”)
any claims or Acquired Rights without Owners prior written approval. If Owner agrees to allow Lessee to Release any Acquired Rights
Interests in the Property, such Acquired Rights and Interest shall no longer be a part of this Agreement.

 

9.          Liens
and Notices of Non-Responsibility. Lessee agrees to keep the Property at all times free and clear of all liens, charges and
encumbrances of any and every nature and description done made or caused by Lessee, and to pay, and defend, indemnify and hold
harmless Owner from and against, all indebtedness and liabilities incurred by or for Lessee which may or might become a lien, charge
or encumbrance; except that Lessee need not discharge or release any such lien, charge or encumbrance so long as Lessee disputes
or contests the lien, charge or encumbrance and posts a bond sufficient to discharge lien acceptable to Owner. Subject to Lessee’s
right to post a bond in accordance with the foregoing, if Lessee does not within thirty (30) days following the imposition of any
such lien, charge or encumbrance, cause the same to be released of record, Owner shall have, in addition to Owner’s contractual
and legal remedies, the right, but not the obligation, to cause the lien to be released by such manner as Owner deems proper, including
payment of the claim giving rise to such lien, charge or encumbrance. All sums paid by Owner for and all expenses incurred by it
in connection with such purpose, including court costs and attorney’s fees, shall be payable by Lessee to Owner on demand
at the Interest Rate. Owner shall, at Owner’s sole cost, file a Notice of Non-Responsibility in Owner name with the local
County within 30 days of execution of this Agreement and herein attached as Exhibit C and by this reference incorporated in this
Agreement.

 

		10.	Taxes.

 

10.1         Real
Property Taxes. Owner shall pay any and all taxes assessed and due against the Property before

execution of this Agreement,
if required. Lessee shall pay promptly before delinquency all taxes and assessments, general, special, ordinary and extraordinary,
that may be levied or assessed during the Term upon the Property. All such taxes for the year in which this Agreement is executed
and for the year in which this Agreement terminates shall be prorated between Owner and Lessee, except that neither Owner nor Lessee
shall be responsible for the payment of any taxes which are based upon income, net proceeds, production or revenues or any other
activities from the Property assessed solely to the other party. The parties acknowledge that there are presently no real property
taxes assessed against unpatented mining claims, including the unpatented mining claims which constitute the Property.

 

10.2         Personal
Property Taxes. Each party shall promptly when due pay all taxes assessed against such party’s personal property, improvements
or structures placed or used on the Property.

 

10.3         Income
Taxes. Neither the Owner nor the Lessee shall be liable for any taxes levied on or measured by income or net proceeds, or other
taxes applicable to the other, based upon payments under this Agreement.

 

10.4         Delivery
of Tax Notices. If Owner receives tax bills or claims that are Lessee’s responsibility, Owner shall promptly forward
them to Lessee for payment.

 

		11.	Insurance and Indemnity.

 

11.1         Lessee’s
Liability Insurance. Lessee shall, at Lessee’s sole cost, keep in force during the Term a policy of Commercial General
Liability Insurance covering property damage and liability for personal injury occurring on or about the Property, with limits
in the amount of at least One Million Dollars ($1,000,000) per occurrence for injuries to or death of person, One Million Dollars
($1,000,000) per occurrence for property damage, and with a contractual liability endorsement insuring Lessee’s performance
of Lessee’s indemnity obligations of this Agreement. The Lessee agrees to have the Commercial General Liability Insurance
in effect within thirty (30) days of the Effective Date.

 

    	 	7	 

     

    

 

11.2         Form
and Certificates. The policy of insurance required to be carried by Lessee pursuant to this Section shall have a Best’s
Insurance Rating of at least A-IX. Such policy shall name Owner as an additional insured and contain a cross-liability and severability
endorsement. Lessee’s insurance policy shall also be primary insurance without right of contribution from any policy carried
by Owner. A certificate of insurance and a copy of Lessee’s insurance policy shall be provided to Owner before any entry
by Lessee or its directors, officers, employees, representatives, agents, contractors or affiliates on the Property and shall provide
that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner.
If Lessee breaches any of the terms in this Section, this Agreement shall null and void.

 

11.3         Waiver
of Subrogation. Lessee and Owner each waives any and all rights of recovery against the other,

and against the partners,
members, officers, employees, agents and representatives of the other, for loss of or damage to the Property or injury to person
to the extent such damage or injury is covered by proceeds received under any insurance policy carried by Owner or Lessee and in
force at the time of such loss or damage.

 

11.4         Waiver
and Indemnification. Except to the extent caused by the negligent or intention acts or omissions

of the Owner, the Owner
shall not be liable to Lessee and Lessee waives all claims against Owner for any injury to or death of any person or damage to
or destruction of any personal property or equipment or theft of property occurring on or about the Property or arising from or
relating to Lessee’s business conducted on the Property. Lessee shall defend, indemnify and hold harmless Owner and its members,
managers, shareholders, directors, officers, employees, agents and contractors from and against any and all claims, judgments,
damage, demands, losses, expenses, costs or liability arising in connection with injury to person or property from any activity,
work, or things done, permitted or suffered by Lessee or Lessee’s agents, partners, servants, employees, invitees or contractors
on or about the Property, or from any breach or default by Lessee in the performance of any obligation on the part of Lessee to
be performed under the terms of this Agreement (all of the foregoing collectively referred to as “General Indemnity Claims”).
Lessee agrees to defend all General Indemnity Claims on behalf of Owner, with counsel acceptable to Owner, acting reasonably. The
obligations of Lessee contained in this Section shall survive the expiration or termination of this Agreement.

 

		12.	Environmental.

 

12.1         Environmental.
Hazardous Materials means any material, waste, chemical, mixture or byproduct which: (a) is or is subsequently defined, listed,
or designated under Applicable Environmental Laws (defined below) as a pollutant, or as a contaminant, or as toxic or hazardous;
or (b) is harmful to or threatens to harm public health, safety, ecology, or the environment and which is or hereafter becomes
subject to regulation by any federal, state or local governmental authority or agency. Applicable Environmental Laws means any
applicable Federal, state, or local government law (including common law), statute, rule, regulation, ordinance, permit, license,
requirement, agreement or approval, or any applicable determination, judgment, injunction, directive, prohibition or order of any
governmental authority with jurisdiction at any level of Federal, state, or local government, relating to pollution or protection
of the environment, ecology, natural resources, or public health or safety.

 

12.2         Lessee
Hazardous Material Activities. Lessee shall limit any use, generation, storage, treatment, transportation, and handling of
Hazardous Materials in connection with Lessee’s use of the Property (collectively “Lessee Hazardous Materials Activities”)
to those Hazardous Materials, and to quantities of them, that are necessary to perform activities permitted under this Agreement.
Lessee Hazardous Materials Activities may include, without limitation, all such activities on or about the Property by Lessee’s
employees, partners, agents, invitees, contractors and their subcontractors. Lessee shall not cause or permit any Hazardous Materials
to be disposed or abandoned at the Property. Lessee shall cause all Lessee Hazardous Materials Activities to be performed in strict
conformance to Applicable Environmental Laws. Lessee shall promptly notify Owner and any applicable governmental agencies of any
actual or claimed violation of Applicable Environmental Laws in connection with Lessee Hazardous Materials Activities, and Lessee
shall promptly and thoroughly cure any violation of Applicable Environmental Laws in connection with Lessee Hazardous Materials
Activities. If any governmental approval, consent, license or permit is required under Applicable Environmental Laws for Lessee
to perform any portion of its work at the Property, including without limitation any air emission permits, before commencing any
such work, Lessee shall be solely responsible, at Lessee’s expense, for obtaining and maintaining, and providing copies of,
each approval, consent, license or permit. Qualified personnel who have received proper training with respect to Hazardous Materials,
including compliance with applicable OSHA laws and regulations, shall perform all Lessee Hazardous Materials Activities. Lessee
shall cause all Hazardous Materials present at the Property in connection with Lessee Hazardous Materials Activities to be safely
and securely stored. Lessee agrees to conduct all of its activities on the Property in accordance with all Applicable Environmental
Laws.

 

    	 	8	 

     

    

 

12.3         Spills
of Hazardous Materials. Lessee shall promptly notify Owner and each governmental regulatory entity with jurisdiction of any
spills, releases, or leaks of Hazardous Materials that occur in connection with Lessee Hazardous Materials Activities or Lessee’s
use of the Property, including but not limited to any resulting contamination of the environment (collectively “Lessee
Contamination”). Further, Lessee shall promptly notify Owner and any applicable governmental agencies of any claims of
which Lessee becomes aware regarding any actual or alleged Lessee Contamination. Lessee shall be solely responsible at its expense
for promptly, diligently and thoroughly investigating, monitoring, reporting on, responding to, and cleaning up to completion any
and all such Lessee Contamination, in full conformance to Applicable Environmental Laws (collectively the “Lessee Environmental
Response Work”). All Lessee Environmental Response Work shall be reported to each governmental regulatory entity with
jurisdiction on an ongoing basis (as required by Applicable Environmental Laws), and Lessee shall diligently attempt to obtain
written concurrence from such each such regulatory entity that all Lessee Environmental Response Work has been satisfactorily performed
and completed. Lessee at its expense shall keep Owner timely informed of Lessee’s progress in responding to any Lessee Contamination,
including but not limited to providing Owner with copies, at Lessee’s expense, of all reports, work plans, and communications
with governmental regulatory entities.

 

12.4         Removal
of Stored Hazardous Materials. Before the expiration or termination of this Agreement, and notwithstanding any other provision
of this Agreement, and in full conformance to Applicable Environmental Laws, Lessee shall: (a) cause to be properly removed from
the Property all Hazardous Materials stored at the Property in connection with Lessee’s use of the Property or in connection
with Lessee Hazardous Materials Activities; and (b) cause to be properly dismantled, closed and removed from the Property all devices,
drums, equipment and containments used for handling, storing or treating Hazardous Materials Activities. As part of the closure
and removal activities described in the preceding sentence, Lessee shall cause to be performed representative environmental sampling
of areas of the Property where such handling, storing or treating of Hazardous Materials occurred, to confirm that no contamination
of the environment has resulted from any Lessee Hazardous Materials Activities. A qualified environmental consultant shall perform
such sampling, and such consultant shall promptly issue a written report, which describes the consultant’s data, findings,
and conclusions, a copy of which shall be provided to Owner at Lessee’s expense. If any Lessee Contamination is discovered,
Lessee shall immediately initiate Lessee Environmental Response Work as prescribed in this Agreement.

 

12.5         Environmental
Indemnity. Lessee shall promptly reimburse, defend, indemnify (with legal counsel acceptable to Owner, acting reasonably) and
hold harmless Owner, its employees, assigns, successors-in-interest, agents and representatives from any and all claims, liabilities,
obligations, losses, causes of action, demands, governmental proceedings or directives, fines, penalties, expenses, costs (including
but not limited to reasonable attorney’s fees, consultant’s fees and other expert’s fees and costs), and damages,
which arise from or relate to: (a) Lessee Hazardous Materials Activities; (b) Lessee Contamination; (c) any non-compliance with
Applicable Environmental Laws in connection with Lessee’s use of the Property; or (d) a breach of any obligation of Lessee
under this Section..

 

12.6         Survival.
The provisions of this Section shall survive expiration and termination of this Agreement.

 

		13.	Property Maintenance and Work Commitment.

 

13.1         Annual
Assessment Work. To the extent required by law, beginning with the annual assessment work period of September 1, 2015 to September
1, 2016, and for each subsequent annual assessment work year commencing during the Term and not less than thirty (30) days before
the applicable deadline, Lessee shall perform, for the benefit of the Property, work of a type customarily deemed applicable as
assessment work and of sufficient value to satisfy the annual assessment work requirements of all applicable federal, state and
local laws, regulations and ordinances, if any, and shall prepare evidence of the same in form proper for recordation and filing,
and shall timely record and/or file such evidence in the appropriate federal, state and local office as required by applicable
Federal, State, County and local laws, regulations and ordinances no annual assessment work requirements for the unpatented mining
claims which constitute the Property.

 

    	 	9	 

     

    

 

13.2         Federal,
State and County Mining Claim Maintenance Fees. If under applicable federal laws and

regulations federal annual
mining claim maintenance fees are required to be paid for the unpatented mining claims which constitute all or part of the Property,
beginning with the annual assessment work period of September 1, 2015 to September 1, 2016 Lessee shall timely and properly pay
the Federal Annual Mining Claim Maintenance Fees and the County Annual Affidavit and Notice of Intent to Hold Fees by the date
stated below, of Owner’s intention to hold and control the mineral rights of the unpatented mining claims which constitute
the Property. If Lessee elects to terminate this Agreement prior to June 1 of each calendar year for the succeeding annual
assessment year, Lessee shall have no obligations to payment of the Federal Annual Mining Claim Maintenance Fees and the County
Annual Affidavit and Notice to Hold Fees. If Lessee elects to terminate this Agreement after June 1 of each calendar year
for the succeeding annual assessment year, Lessee shall be responsible and obligated to pay the Federal Annual Mining Claim Maintenance
Fees and the County Annual Affidavit and Notice to Hold Fees and this section shall survive termination of this Agreement. Lessee
shall deliver to Owner proof of Lessee’s compliance of the payment of the Federal Annual Mining Claim Maintenance Fees and
the County Annual Affidavit and Notice to Hold Fees prior to August 1 of each calendar year or this Agreement shall be null and
void.

 

13.3         Amendment
of Mining Laws.  The parties acknowledge that legislation for the amendment or repeal of the mining laws of the United States
applicable to the Property has been, and in the future may be, considered by the United States Congress. The parties desire to
insure that any and all interests of the parties in the lands subject to the unpatented mining claims which comprise all or part
of the Property, including any rights or interests acquired in such lands under the mining laws as amended, repealed or superseded,
shall be part of the Property and shall be subject to the Agreement. If the mining laws applicable to the unpatented mining claims
subject to this Agreement are amended, repealed or superseded, the conversion or termination of Owner’s interest in the Property
pursuant to such amendment, repeal or supersession of the mining laws shall not be considered a deficiency or defect in Owner title
in the Property, and Lessee shall have no right or claim against Owner resulting from the conversion, diminution, or loss of Owner’s
interest in and to the Property, except as expressly provided in this Agreement. If pursuant to any amendment or supersession of
the mining laws, Owner is granted the right to convert its interest in the unpatented mining claims comprising the Property to
a permit, license, lease, or other right or interest, all converted interests or rights shall be deemed to be part of the Property
subject to this Agreement. Upon the grant or issuance of such converted interests or rights, the parties shall execute and deliver
an addendum to this Agreement, in recordable form, by which such converted interests or rights are made subject to this Agreement.

 

		14.	Relationship of the Parties.

 

14.1         No
Partnership. This Agreement shall not be deemed to constitute any party, in its capacity as such, the partner, agent or legal
representative of any other party, or to create any joint venture, partnership, mining partnership or other partnership relationship
between the parties.

 

14.2         Competition.
Except as expressly provided in this Agreement, each party shall have the free and unrestricted right independently to engage in
and receive the full benefits of any and all business endeavors of any sort outside the Property or outside the scope of this Agreement,
whether or not competitive with the endeavors contemplated under this Agreement, without consultation with or participation of
the other party. In particular, without limiting the foregoing, neither party to this Agreement shall have any obligation to the
other as to any opportunity to acquire any interest, property or right offered to it outside the scope of this Agreement.

 

15.         Inspection.
Owner or Owner’s duly authorized representatives shall be permitted to enter on the Property at all reasonable times for
the purpose of inspection, but they shall enter on the Property at their own risk and in such a manner which does not unreasonably
hinder, delay or interfere with Lessee’s operations.

 

16.         Title.
Owner represents to Lessee to the best of their knowledge and belief as follows: (a) the mining claims which were located by
Owner and which are part of the Property were properly located in accordance with applicable federal and state laws and regulations;
(b) all assessment work requirements for the claims have been performed and all filings and recordings of proof of performance
have been made properly and the federal annual mining claim maintenance and rental fees have been paid properly; (c) the claims
are in good standing; (d) subject to the paramount title of the United States, Owner has good right and full power to lease and
to convey the interests described in this Agreement; (e) the claims are free and clear of all liens, claims and encumbrances created
by, through or under Owner; (f) Owner disclaims any representation or warranty concerning the existence or proof of a discovery
of locatable Minerals on or under the Property. No other statement of mineral value is expressed or implied.

 

    	 	10	 

     

    

 

17.         Covenants,
Warranties and Representations. Each of the parties covenants, warrants and represents for itself as follows:

 

17.1         Compliance
with Laws. That the parties have complied with all applicable laws and regulations of any governmental body, federal, state
or local, regarding the terms of and performance of its obligations under this Agreement.

 

17.2         No
Pending Proceedings. Both parties acknowledge that there are no lawsuits or proceedings pending or threatened which affect
its ability to perform the terms of this Agreement.

 

17.3         Costs.
That the parties shall pay their own costs and expenses incurred or to be incurred by it in negotiating and preparing this Agreement
and in closing and carrying out the transactions contemplated by this Agreement.

 

17.4         Brokers.
That the parties have had no dealings with any agent, broker or finder in connection with this Agreement, and shall indemnify,
defend and hold the other party harmless from and against any claims that may be asserted through such party that any agent’s
broker’s or finder’s fee is due in connection with this Agreement.

 

17.5         Patriot
Act. That the parties are not on the Specially Designated National & Blocked Persons List of the Office of Foreign Assets
Control of the United States Treasury Department and are not otherwise blocked or banned by any foreign assets office rule or any
other law or regulation, including the USA Patriot Act or Executive Order 13224.

 

17.6         Lessee
Representation and Warrants.    Lessee hereby represents and warrants to
Owner to the best of their knowledge that:

 

		a)	it is qualified to acquire and dispose of interests in, and to explore, develop and exploit, mining
properties in the State of Nevada;

		b)	it has full power, capacity and authority to carry on its business and to enter into and perform
its obligations under this Agreement and any agreement or instrument referred to or contemplated by this Agreement;

		c)	all necessary corporate and shareholder or partnership approvals have been obtained and are in
effect with respect to the transactions contemplated hereby, and no further action on the part of the directors or shareholders
is necessary or desirable to make this Agreement valid and binding on it;

		d)	neither the execution and delivery of this Agreement nor any of the agreements referred to herein
or contemplated hereby, nor the consummation of the transactions hereby contemplated conflict with, result in the breach of or
accelerate the performance required by its constraining documents or any agreement to which it is a party;

		e)	it is familiar with the laws and regulations that relate to the Property (including without limitation,
the laws and regulations of the Nevada State Land Department); and,

		f)	there is no finders’ fee or other obligations imposed
upon the Lessee related to the execution of the Option, and the Lessee shall indemnify and hold harmless the Owner from any such
claim.

 

17.7         Owner
Representation and Warrants.   Owner hereby represents and warrants to Lessee
to the best of their knowledge that:

 

		a)	it has full power, capacity and authority to enter into and perform its obligations under this
Agreement and any agreement or instrument referred to or contemplated herein;

		b)	neither the execution and delivery of this Agreement nor any of the agreements referred to herein
or contemplated hereby, nor the consummation of the transactions hereby contemplated conflict with, result in the breach of or
accelerate the performance required by, any agreement to which Owner is a party;

		c)	each of the unpatented mining claims included in and comprising the Property have been duly issued
by the State of Nevada and are in good standing and Owner hold an undivided, sole and exclusive 100% interest in and to each of
the permits comprising the Property, free and clear of all liens, charges, royalties and encumbrances;

 

    	 	11	 

     

    

 

		d)	there are no pending or threatened actions, suits, claims or proceedings regarding the Property
or any portion thereof of which Owner is aware;

		e)	it does not warrant the accuracy of any data or technical information furnished to Lessee either
before or subsequent to the execution of this Agreement; and

		f)	it has the exclusive right to enter into this Agreement,
have not made any sale, lease or agreement affecting the rights granted herein, and have all necessary powers and authority to
dispose of any and all rights, titles and interests in and to the Property in accordance with the terms of this Agreement.

 

17.8         Representations
and Warranties Survival. The representations and warranties set forth herein are conditions on which the parties have relied
in entering into this Agreement and will survive the acquisition of any interest in the Property by Lessee and each of the parties
will indemnify and save the other harmless from all loss, damage, costs, actions and suits arising out of or in connection with
any breach of any representation, warranty, covenant, agreement or condition made by it and contained in this Agreement.

 

18.         Termination
by Expiration, Default or Agreement. This Agreement shall terminate as expressly provided herein, unless earlier terminated
by mutual written agreement.

 

18.1         Termination
by Owner. Any material failure by Lessee to perform any of its covenants, liabilities, obligations or responsibilities under
this Agreement shall be a default. Owner may give Lessee written notice of a default. If the default is not remedied within thirty
(30) days after receipt of the notice, provided the default can reasonably be cured within that time, or, if not, if Lessee has
not within that time commenced action to cure the same or does not after such commencement diligently prosecute such action to
completion, Owner may terminate this Agreement by delivering notice to Lessee of Owner termination of this Agreement. In the case
of Lessee’s failure to pay the Payments, Owner shall be entitled to give Lessee written notice of the default, and if such
default is not remedied within fifteen (15) days after the receipt of the notice, then Owner may terminate this Agreement by delivering
notice to Lessee of Owner termination of this Agreement. On Owner termination of this Agreement based on Lessee’s default,
Owner shall have the right to execute and record Exhibit F, Notice of Termination of Lease and Purchase Option and/or Owner may
request and Lessee shall execute and deliver to Owner a Release and Termination document for this Agreement in a form acceptable
to Owner for recording which shall transfer any and all Lessee’s right, title and interest in the Property to Owner.

 

18.2         Termination
by Lessee and Quitclaim Deed. Lessee may at any time terminate this Agreement by giving thirty (30) days advanced notice to
Owner. If Lessee terminates this Agreement, Lessee shall perform all obligations and pay all payments which accrue or become due
before or after the termination date. On Lessee’s termination of this Agreement, Owner shall have the right to execute and
record Exhibit F, Notice of Termination of Lease and Purchase Option and/or Owner may request and Lessee shall execute and deliver
to Owner a Release and Termination document for this Agreement in a form acceptable to Owner for recording which shall transfer
any and all Lessee’s right, title and interest in the Property to Owner.

 

18.3         Continuing
Obligations and Environmental Liabilities. During the Term of this Agreement and after termination or expiration under this
Section 18, Lessee shall remain liable for liabilities to Owner and/or third parties arising out of or related to Lessee's use
of and/or activities on the Property, including environmental liabilities and related bonding requirement. Lessee's liabilities
and obligations shall include environmental damage and liabilities, which are caused by or as a result of work done on the Property
as described in Section 6 of this Agreement. This provision shall survive expiration or termination of this Agreement.

 

18.4         Surrender
of the Property and Disposition of Assets on Termination. On expiration or termination of this Agreement, Lessee shall surrender
the Property promptly to Owner and at Lessee’s sole cost shall remove from the Property all of Lessee’s buildings,
equipment and structures free and clear of all encumbrances. All costs and expenses incurred in connection with the removal or
disposal of any and/or all of the personal property, including all buildings, equipment and structures and Data on the Property
and the termination of this Agreement and any business related to this Section shall be expenses chargeable to Lessee and reimbursed
to Owner or its Affiliates. This provision shall survive expiration or termination of this Agreement. Lessee shall reclaim the
Property in accordance with all applicable Governmental Regulations. Lessee shall diligently perform reclamation and restoration
of the Property such that Lessee’s reclamation and restoration shall be completed no later than the date required under any
Governmental Regulations or no later than one hundred eighty (180) days of the expiration or termination of this Agreement. .

 

    	 	12	 

     

    

 

18.5         Right
to Data after Termination. Within thirty (30) days following termination or expiration of this Agreement, Lessee shall deliver
to Owner at its sole costs all Data, as defined in Section 1 Definitions and in this Agreement regarding the Property in Lessee’s
possession at the time of termination which before termination have not been furnished to Owner and, at Owner request, Lessee shall
deliver, at its sole costs, to Owner at Owner elected and directed location all Data, including but not limited to drilling core,
drill RC chips and trays, coarse rejects, pulps, samples, sample splits and thin sections taken from the Property.

 

18.6         Non-Compete
Covenants. Should Lessee terminate this agreement, Lessee shall not directly or indirectly acquire any rights, titles or interests
to any portion of the Property or within the Area of Interest, for a period of two (2) year from the date of termination. If Lessee
breaches this Section, Lessee shall be obligated and shall within fifteen (15) days of the breach, convey to Owner at Lessee sole
costs, any and all such Property and any and all other rights, titles and interests so acquired by Lessee. Such conveyance shall
be made in writing and can be accepted by Owner at any time within ninety (90) days after the offer is delivered and received by
Owner. Failure of Lessee to comply with this Section shall be a breach by Lessee of this Agreement, and Owner shall have any and
all legal recourse to recoup its losses and damages at Lessee’s sole expense, including but not limited to attorney and legal
fees.

 

18.7.          Continued
Authority.  On termination of the Agreement, Lessee shall complete any transaction and satisfy any obligation, unfinished
or unsatisfied, at the time of such termination or withdrawal, if the transaction or obligation arises out of operations prior
to such termination or withdrawal. Owner shall have the power and authority to grant or receive extensions of time or change the
method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of both parties and the
Property, and take any other reasonable action.

 

19.         Confidentiality.
The Data and Information, including the terms of this Agreement, coming into Lessee’s possession by virtue of this Agreement
shall be deemed confidential and shall not be disclosed to outside third parties except as may be required to publicly record or
protect title to the Property or to publicly announce and disclose information under Governmental Regulations or under the rules
and regulations of any stock exchange on which the stock of any party, or the parent or affiliates of any party, is listed. If
a party negotiates for a transfer of all or any portion of its interest in the Property or under this Agreement or negotiates to
procure financing or loans relating to the Property, in order to facilitate any such negotiations such party shall have the right
to furnish information to third parties, provided that each third party to whom the information is disclosed agrees to maintain
its confidentiality in the manner provided in this Section.

 

		20.	Assignment.

 

20.1         Assignments
and Transfers. This Agreement and the terms and the conditions hereof shall be freely assignable and shall be binding upon
and extend to the successors, heirs, and assigns of the parties; provided, however, that: (a) no transfer, assignment, royalty
or other monies payable or the rights hereunder, however accomplished, shall operate to enlarge the obligations or diminish the
rights of the parties; and (b) no assignment or transfer by Owner or Lessee shall be effective until Lessee or Owner has received
written notice of such assignment or transfer. Upon an assignment or transfer, the assigning party and its assignee shall give
written notice of such assignment to the non-assigning party, specifying therein the name(s) and address(s) (for notices and payments)
of the assignee and the rights, titles and interests assigned. Following an assignment or transfer by Owner or Lessee, the assignee
or transferee shall be deemed to be included in the term “Owner” or “Lessee” for all purposes of this Agreement.

 

20.2         Lessee’s
Assignment. Lessee shall not assign, convey, encumber, sublease, grant any concession, or

license or otherwise
transfer (the “Transfer”) all or any part of its interest in this Agreement or the Property, without, in each
case, Owner’ prior written consent, which shall not be withheld unreasonably. Owner shall have 30 days from date of notice
that such Transfer is planned to object. If no objection has been received within 30 days, Lessee is free to proceed with the Transfer.
Any Transfer which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms
of this Agreement.

 

    	 	13	 

     

    

 

20.3         Owner’s
Assignment. Owner shall have the right to transfer, assign, convey, encumber, sublease,

grant any concession,
or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in Ownership in the
Property shall affect Lessee's obligations under this Agreement unless and until Owner delivers and Lessee receives copies of the
documents which demonstrate the change in Ownership of Owner's interest. Until Lessee receives Owner's notice and the documents
required to be delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer
of Owner's interest had not occurred. No division of Owner's interest as to all or any part of the Property shall enlarge Lessee's
obligations or diminish Lessee's rights under this Agreement.

  

21.         Memorandum
Agreement. Concurrent with execution of this Agreement, the parties shall execute and deliver a Memorandum of Agreement (the
“Memorandum”) set forth in Exhibit D attached hereto. The execution of the Memorandum shall not limit, increase
or in any manner affect any of the terms of this Agreement or any rights, interests or obligations of the parties.

 

22.         Notices.
Any notices required or authorized to be given by this Agreement shall be in writing and shall be sent either by commercial courier,
facsimile, e-mail, or by certified U.S. mail, postage prepaid and return receipt requested, addressed to the proper party at the
address stated below or such address as the party shall have designated to the other parties in accordance with this Section. Such
notice shall be effective on the date of receipt by the addressee party, except that any facsimiles received after 5:00 p.m. of
the addressee’s local time shall be deemed delivered the next day.

 

	If to Owner:	Brilliant Sands Inc.
	 	3983 South McCarran Blvd, Suite 458
	 	Reno, Nevada  89502
	 	 
	If to Lessee:	Premium Bonanza Gold Mines LLC
	 	254 West Haley St.
	 	Coeur d’Alene, Idaho 83815

 

23.         Binding
Effect of Obligations. This Agreement shall be binding upon and inure to the benefit of the respective parties and their successors
or assigns.

 

24.         Entire
Agreement. The parties agree that the entire agreement between them is written in this Agreement. There are no terms or conditions,
express or implied, other than expressly stated in this Agreement. This Agreement may be amended or modified only by a written
instrument signed by the parties with the same formality as this Agreement.

 

25.         Choice
and Governing Law and Venue Selection. This Agreement shall be construed, enforced and governed in accordance with the laws
of the State of Nevada. Venue and any action or proceeding concerning the construction, or interpretation of the terms of this
Agreement or any claim or dispute between the parties shall be commenced, heard and lie with the Second Judicial District Court
of the State of Nevada, in and for the County of Washoe, Reno, Nevada.

 

26.         Multiple
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original,
but all of which shall constitute the same Agreement.

 

27.         Severability.
If any part, term or provision of this Agreement is held by a court of competent jurisdiction to be illegal or in conflict with
any Governmental Regulations, the validity of the remaining portions or provisions shall not be affected, and the rights and obligations
of the parties shall be construed and enforced as if the Agreement did not contain the particular part, term or provision held
to be invalid.

 

28.         Time
of Essence. Time is of the essence in the performance of the parties’ obligations under this Agreement.

 

	LESSEE: 	 	 
	Premium Bonanza Gold Mines, LLC 	 	 
		 	
	/s/ John Ryan	 	Date:	 January 22, 2016	 
	By:  John Ryan	 	 

 

    	 	14	 

     

    

 

OWNER:

 

Brilliant Sands Incorporated

 

	/s/ Marc Andrews	 	Date: 	2-3-16	 
	By:  Marc Andrews, President & CEO	 	 

 

    	 	15	 

     

    

 

EXHIBIT A

To

Pyramid Mine Property

Exploration and Mining Lease with Options
to Purchase Agreement

 

DESCRIPTION OF PROPERTY THAT INCLUDES
THE MINING CLAIMS AND THE AREA OF INTEREST

 

		A.	Property: The following 5 unpatented lode mining
claims located in the Holy Cross Mining District, Township 14 North, Range 29 East, Sections 10 and 11, Churchill County, Nevada.

 

		A-1.	Unpatented Lode Mining Claim Names

 

	Name of Claim	 	BLM NMC No.
	 	 	 
	Pyramid	 	97950
	Pyramid Fraction	 	97951
	Anchor	 	97948
	Anchor 1	 	97949
	Happy Kate	 	97952

 

		A-2.	Area of Interest: There shall be an Area of
Interest (AOI) exterior to the boundary of the claims as described: T14N, R29E, sections 10, 11.

 

    	 	16	 

     

    

 

EXHIBIT B

To

Pyramid Mine Property

Exploration and Mining Lease with
Options to Purchase Agreement

 

 

 

DESCRIPTION OF ROYALTY – NET SMELTER
RETURNS

 

Lessee: Premium Bonanza Gold Mines, LLC

 

Owner: Brilliant Sands Inc.

 

		1.	Definitions. The terms defined in the instrument to which this Exhibit is attached and made
a part of shall have the same meanings in this Exhibit. The following definitions shall apply to this Exhibit.

 

		1.1	“Gold Production” means the quantity of refined gold outturned to Lessee’s
account by an independent third party refinery for gold produced from the Property during a calendar month on either a provisional
or final settlement basis.

 

		1.2	“Gross Value” shall be determined on a calendar month basis and have the following
meanings with respect to the following Minerals:

 

		1.2.1	Gold

 

		a)	If Lessee sells unprocessed gold ores or gold concentrates or gold dore produced from Minerals,
then Gross Value shall be the value of the gold contained in the gold concentrates, dore and ore determined by utilizing (1) the
mine weights and assays for such gold concentrates, dore, and ore; (2) a reasonable recovery rate for the refined gold recoverable
from such gold concentrates, dore and ore (which shall be adjusted annually to reflect the actual recovery rate of refined metal
from such gold concentrates, dore and ore); and (3) the Monthly Average Gold Price for the month in which the gold concentrates,
dore, and ore were sold.

 

		b)	If Lessee produces refined gold (meeting the specifications of the London Bullion Market Association,
and if the London Bullion Market Association no longer prescribes specifications, the specifications of such other association
generally accepted and recognized in the mining industry) from Minerals, and if Section 1.2.1 (a) above is not applicable, then
for purposes of determining Gross Value, the refined gold shall be deemed to have been sold at the Monthly Average Gold Price for
the month in which it was refined. The Gross Value shall be determined by multiplying Gold Production during the month by the Monthly
Average Gold Price.

 

		1.2.2	Silver

 

		a)	If Lessee sells unprocessed gold ores or gold concentrates or gold dore produced from Minerals,
then Gross Value shall be the value of the silver contained in the silver concentrates, dore, or ore determined by utilizing: (1)
the mine weights and assays for such silver concentrates, dore or ore; (2) a reasonable recovery rate for the refined silver recoverable
from such silver concentrates, dore and ore (which shall be adjusted annually to reflect the actual recovery rate of refined metal
from such silver concentrates, dore and ore); and (3) the Monthly Average Silver Price for the month in which the silver concentrates,
dore or ore were sold.

 

    	 	17	 

     

    

 

		b)	If Lessee produces refined silver (meeting the specifications for refined silver subject to the
New York Silver Price published by Handy & Harmon, and if Handy & Harmon no longer publishes such specifications, the specifications
of such other association or entity generally accepted and recognized in the mining industry) from Minerals, and if Section 1.2.2
(a) above is not applicable, the refined silver shall be deemed to have been sold at the Monthly Average Silver Price for the month
in which it was refined. The Gross Value shall be determined my multiplying Silver Production during the month by the Monthly Average
Silver Price.

 

		1.2.3	All Other Minerals

 

		a)	If Lessee sells any concentrates, fore or ore of Minerals other than gold or silver, then Gross
Value shall be the value of such Minerals determined by utilizing: (1) the mine weights and assays for such Minerals: (2) a reasonable
recovery rate for the Minerals (which shall be adjusted annually to reflect the actual recovery rate of recovered or refined metal
or product from such Minerals); and (3) the monthly average price for the Minerals or product of the Minerals for the month in
which the concentrates, dore or ore was sold. The monthly average price shall be determined by reference to the market for such
Minerals or product which is recognized in the mining industry as authoritative and reflective of the market for such Minerals
or product.

 

		b)	If Lessee produces refined or processed metals from Minerals other than refined gold or refined
silver, and if Section 1.2.3 (a) above is not applicable, then Gross Value shall be equal to the amount of the proceeds received
by Leases during the month from the sale of such refined or processed metals. Lessee shall have the right to sell such refined
or processed metals to an affiliated party, provided that such sales shall be considered, solely for purposes of determining Gross
Value, to have been sold at process and on terms no less favorable than those that would be obtained from an unaffiliated third
party in similar quantities and under similar circumstances.

 

		1.3	“Minerals” means gold, silver, platinum, antimony, mercury, copper, lead, zinc,
and all other mineral elements, and mineral compounds and geothermal resources.

 

		1.4	“In Cash” means Net Smelter Return Royalty paid in full and delivered in US
dollars to Owner.

 

		1.5	“In-Kind” means Net Smelter Return Royalty paid in full and delivered in physical,
refined bullion to Owner.

 

		1.6	“Monthly Average Gold Price” means the average London Bullion Market Association
Afternoon Gold Fix, calculated by dividing the sum of all such process reported for the month by the number of days for which such
process were reported during that month. If the London Bullion Market Association Afternoon Gold Fix ceases to be published, all
such references shall be replaced with references to prices of gold for immediate sale in another established market selected by
Lessee, as such prices are published in Metals Week magazine and if Metals Week magazine no longer publishes such prices, the prices
of such other association or entity generally accepted and recognized in the mining industry.

 

		1.7	“Monthly Average Silver Price” means the average New York Silver Price as published
daily by Handy & Harmon, calculated by dividing the sum of all such prices reported for the month by the number of days in
such month for which such prices were reported. If the Handy & Harmon quotations cease to be published, all such references
shall be replaced with references to prices of silver for immediate sale in another established market selected by Lessee as published
in Metals Week magazine, and if Metals Week magazine no longer publishes such prices, the prices of such other association or entity
generally accepted and recognized in the mining industry.

 

		1.8	“Net Smelter Returns” means the Gross Value of all Precious Metals and Other
Minerals, less costs, charges and expenses paid or incurred by Lessee with respect to the refining and smelting of such Minerals,
without limitation:

 

		1.8.1	Charges for smelting and refining (including sampling, assaying and penalty charges); and

 

    	 	18	 

     

    

 

		1.8.2	Actual costs of transportation (including freight, insurance, security, transaction taxes, handling,
port, demurrage, delay and forwarding expenses incurred by reason of or in the course of such transportation) of product from the
Property to the smelter refinery, but in no event shall charges or costs of transportation of Minerals from any mine on the Property
to autoclave, concentrator, crusher, mill or plant which is not a smelter or refinery.

 

		1.9	“Other Minerals” means all other metals and Minerals, including Barite and rock
and stone materials except for
Precious Metals.

 

		1.10	“Precious Metals” means gold, silver and all platinum group metals.

 

		1.11	“Silver Production” means the quantity
of refined silver outturned to Lessee's account by an independent third-party refinery for silver produced from the Property during
the calendar month on either a provisional or final settlement basis.

 

		2.	Payment Procedures. Payment of Net Smelter Returns
Royalty may be made in Cash or In-Kind at the election  of the Owner as follows:

 

		2.1	Accrual of Obligation. Lessee's obligation to pay the Net Smelter Returns Royalty shall
accrue upon the sale of unrefined metals, dore, concentrates, ores or other Minerals products or, if refined metals are produced,
upon the outturn of refined metals meeting the requirements of the specified published price to Lessee's account.

 

		2.2	Futures or Forward Sales. Except as provided in Sections 1.2.1(a), 1.2.2(a) and 1.2.3 above
(with respect to sales of unprocessed gold and silver and sales of Minerals other than gold and silver), Gross Value shall be determined
irrespective of any actual arrangements for the sale or other disposition of Minerals by Lessee, specifically including but not
limited to forward sales, futures trading or commodities options trading, and any other price hedging, price protection, and speculative
arrangements that may involve the possible delivery of gold, silver or other metals produced from Minerals.

 

		2.3	Sampling and Commingling.  All Minerals for which a Net Smelter Returns Royalty is payable
shall be measured, sampled and analyzed in accordance with the commingling plan approved in accordance with the Agreement to which
this Exhibit is attached.

 

		2.4	Monthly Calculations and Payments.  Net Smelter Returns Royalties shall be determined on
a calendar month basis. Net Smelter Returns Royalties shall be paid on or before the last business day of the calendar month immediately
following the last day of the calendar month in which same accrued, but in any event Owner shall be paid no less frequently than
when Lessee is paid. Precious Metals and Other Minerals will be deemed to have been sold or otherwise disposed of at the time refined
production from the Property is delivered, made available, or credited to Lessee by a mint or refiner. The price used for calculating
the Net Smelter Royalty on Precious Metals and Other Minerals shall be determined in accordance with Standard Practices and in
accordance with this Agreement and Exhibit B.

 

		2.4.1	Payment of Royalty in Cash.  All Net Smelter
Returns Royalty payments shall be made by check payable to Owner and delivered to the address listed in this Agreement, or to
such other address as Owner may direct in writing or by direct bank deposit to Owner account as Owner shall designate in writing.

 

		2.4.2	Net Smelter Returns Royalties on Precious Metals other
than gold and all Other Minerals shall be payable In Cash.

 

    	 	19	 

     

    

 

		2.5	Statements. At the time of payment of the Net Smelter
Returns Royalty, Lessee shall provide with such payment a statement showing in reasonable detail the quantities and grades of
refined gold, silver or other metals or dore, concentrates or ores produced and sold or deemed sold by Lessee in the preceding
calendar month; the Monthly Average Gold Price and Monthly Average Silver Price, as applicable; costs and other deductions, and
other pertinent information in reasonable detail to explain the calculation of the Net Smelter Returns Royalty payment with respect
to such calendar month.

 

		2.6	Inventories and Stockpiles. Lessee shall include
in all monthly statements a description of the quantity and quality of any gold or silver dore that has been retained as inventory
for more than ninety (90) days. Owner shall have thirty (30) calendar days after receipt of the statement to either: (a) elect
that the dore be deemed sold, with Gross Value to be determined as provided in Sections 1.2.1(b) with respect to gold, and 1.2.2(b)
with respect to silver, as of such thirtieth (30th) day utilizing the mine weights and assays for such dore and utilizing a reasonable
recovery rate for refined metal and reasonable deemed charges for all deductions specified in Section 1.8 above, or (b) elect
to wait until such time as Royalties otherwise would become payable pursuant to sections 1.2.1(b) and 1.2.2(b). The failure
of Owner to respond within such time shall be deemed to be an election to use the methods described in Sections 1.2.1(b) and
1.2.2(b). No Net Smelter Returns Royalty shall be due with respect to stockpiles of ores or concentrates unless and until such
ores or concentrates are actually sold.

 

		2.7	Final Settlement. All Net Smelter Returns Royalty
payments shall be considered final and in full satisfaction of Lessee's obligations with respect thereto, unless Owner gives Lessee
written notice describing a specific objection to the calculation thereof within one year after receipt by Owner of the monthly
statement provided for in Section 2.5. If Owner objects to a particular monthly statement it shall have the right, for a period
of thirty (30) days after Lessee's receipt of such objection, upon reasonable notice and at a reasonable time, to have Lessee's
accounts and records relating to the calculation of the Net Smelter Returns Royalty payment with respect to the calendar month
in question audited by an independent certified public accountant. If such audit determines that there has been a deficiency or
an excess in the payment made to Owner, such deficiency or excess shall be resolved by adjusting the next monthly Net Smelter
Returns Royalty payment due Owner. Owner shall pay all costs of such audit unless a deficiency of five percent (5%) or more
of the Net Smelter Returns Royalty due for the calendar month in question is determined to exist. Lessee shall pay the costs of
such audit if a deficiency of five percent (5%) or more of the amount due for the calendar month in question is determined to
exist. All books and records used by Lessee to calculate the Net Smelter Returns Royalties due hereunder shall be kept in accordance
with generally accepted accounting principles.

 

		2.8	Transfer or Encumbrance of Net Smelter Royalty.  Subject to Section 22 of the Agreement
to which this Exhibit B is attached, Owner may transfer or encumber all or any part of its right, title and interest in and to
the Net Smelter Returns Royalty.

 

		2.9	Royalty for Other Minerals

 

2.9.1        In the case of
Other Minerals, excluding Barite, the beneficiated products thereof ("Other Minerals"), the Royalty for Other
Minerals shall be determined by multiplying (a) the gross amount of the particular Other Mineral contained in the Monthly
Production delivered to the Lessee during the preceding calendar month by (b) the average of the New York Commodities Exchange
final daily spot prices reported for the preceding calendar month of the appropriate Other Mineral, and subtracting from the product
of Subsections 1(a) and 1(b) only the following if actually incurred: (i) charges imposed by the Lessee for smelting, refining
or processing Other Minerals contained in such production, but excluding any and all charges and costs related to Lessee's mills
or other processing plants constructed for the purpose of milling or processing Other Minerals, in whole or in part; (ii) penalty
substance, assaying, and sampling charges imposed by the Lessee for smelting, refining, or processing Other Minerals contained
in such production, but excluding any and all charges and costs of or related to Lessee's mills or other processing plants constructed
for the purpose of milling or processing Other Minerals, in whole or in part; and (iii) charges and costs, if any, for transportation
and insurance of Other Minerals and the beneficiated products thereof from Lessee's final mill or other final processing plant
to places where such Other Minerals are smelted, refined and/or sold or otherwise disposed of. If for any reason the New York Commodities
Exchange does not report spot pricing for a particular Other Mineral, then the Parties shall mutually agree upon an appropriate
pricing entity or mechanism that accurately reflects the market value of any such Other Mineral.

 

    	 	20	 

     

    

 

2.9.2.        In the event
smelting, refining, or processing of Other Minerals are carried out in custom toll facilities owned or controlled, in whole or
in part, by Lessee, which facilities were not constructed solely for the purpose of milling or processing Other Minerals from the
Property, then charges, costs and penalties for such smelting, refining or processing shall mean the amount Lessee would have incurred
if such smelting, refining or processing were carried out at facilities not owned or controlled by Lessee then offering comparable
services for comparable products on prevailing terms, but in no event greater than actual costs incurred by Lessee with respect
to such smelting and refining. In the event Lessee receives insurance proceeds for loss of production of Other Minerals, Lessee
shall pay to Owner the Royalty percentage of any such insurance proceeds which are received by Lessee for such loss of production.

 

		3.0	Audit. Upon reasonable notice and at a reasonable time, the Owner shall have the right to
audit and examine the Lessee’s accounts and records relating to the calculation of the Net Smelter Returns royalty payments.
If such audit determines that there has been a deficiency or an excess in the payment made to Owner, such deficiency or excess
shall be resolved by adjusting the next monthly royalty payment due Owner. Owner shall pay all costs of such audit unless a deficiency
of three percent (3%) or more of the royalty payment due for the calendar month in question is determined to exist. All books and
records used by Lessee to calculate the royalty payments shall be kept in accordance with generally accepted accounting principles
applicable to the mining industry.

 

    	 	21	 

     

    

 

When recorded return to:

 

Brilliant Sands Incorporated

3983 S. McCarran Blvd., Suite 458

Reno, Nevada 89502

 

This notice contains no social security

or other personal information

 

EXHIBIT C

To

PYRAMID MINE PROPERTY

Exploration and Mining Lease with
Options to Purchase Agreement (the “Agreement”)

 

 

 

NOTICE OF NON-RESPONSIBILITY 

 

Pursuant to NRS 108.234,
Brilliant Sands Incorporated,  a Montana corporation, (the “Owner”), is the owner of certain unpatented
mining claims described in Exhibit A of the Agreement, as well as any future unpatented lode mining claims located and recorded
by Owner or Premium Bonanza Gold Mines, LLC (the “Lessee”) within the Area of Interest as described
in Exhibit A attached hereto and made part hereof the Property (the “Property”) located in Churchill County,
Nevada.

 

The Owner hereby gives
notice that this Notice of Non-Responsibility (the “Notice”) is made on behalf of the Owner, and the Owner is
not responsible for materials furnished to or labor performed on the Property by Lessee, and the Owner hereby gives public notice
of the following:

 

1.          The
Owner of the Property is Brilliant Sands Incorporated.

 

2.          The
Owner has leased certain rights in the Property to Lessee. Notice of that Exploration and Mining Lease with Options to Purchase
Agreement has been made public by a separate Memorandum.

 

3.          Lessee
agrees to accept full responsibility for all of Lessee’s Exploration and Development Operations (as defined in the Agreement
to which the Memorandum was attached) conducted on, around or otherwise in connection with the Property, including, but not limited
to excavation, roads, materials furnished, construction and removal of facilities and all labor performed in connection therewith.

 

4.          Lessee
agrees to keep in force a $1,000,000 General Liability Insurance Policy during the Term of the Lease

and Option Agreement.

 

5.          The
Owner is not responsible for any and all work or services conducted of any kind or character by Lessee and its Affiliates or assigns
or other successors in interest on or around the Property.

 

6.          For
purpose of this Notice, the addresses of the Owner and the Lessee are:

 

	If to Owner:	Brilliant Sands Incorporated
	 	3983 S. McCarran Blvd., Suite 458
	 	Reno, NV  89502
	 	 
	Delivery of all Data to:	Brilliant Sands Incorporated
	 	3983 S. McCarran Blvd., Suite 458
	 	Reno, NV  89502

 

    	 	22	 

     

    

 

	If to Lessee:	Premium Bonanza Gold Mines LLC
	 	254 West Haley St.
	 	Coeur d’Alene, Idaho 83815

 

OWNER:

Brilliant Sands Incorporated

 

	 	 
	By:  Marc J. Andrews, President & CEO	 
	 	 
	LESSEE: 	 
	Premium Bonanza Gold Mines LLC	 
	 	 
	 	 
	By: John Ryan	 

 

	STATE OF NEVADA,	)	 
	 	ss.	 
	COUNTY OF WASHOE	)	 

 

This Memorandum of
Exploration and Mining Lease with Options to Purchase Agreement was executed before me on ___________________________, 2016, by
Marc J. Andrews.

 

	 	 
	 	Notary Public

 

	STATE OF ______________	)	 
	 	ss.	 
	COUNTY OF ___________	)	 

 

This Memorandum of
Exploration and Mining Lease with Options to Purchase Agreement was executed before me on ___________________________, 2016, by
John Ryan.

 

	 	 
	 	Notary Public

 

    	 	23	 

     

    

 

When recorded return to:

Brilliant Sands Incorporated

3983 S. McCarran Blvd., Suite 458

Reno, Nevada 89502

 

This notice contains no social security

or other personal information

EXHIBIT D

To

PYRAMID MINE PROPERTY

Exploration and Mining Lease with
Options to Purchase Agreement

 

 

 

MEMORANDUM OF EXPLORATION AND MINING
LEASE WITH OPTIONS TO PURCHASE AGREEMENT

 

Notice is given that
Brilliant Sands Incorporated., a Montana corporation (the “Owner”), and Premium Bonanza Gold Mines,
LLC, an Idaho limited liability company (the “Lessee”), have entered into the Exploration and Mining Lease
with Options to Purchase Agreement (the “Agreement”) dated January 20, 2016 (the “Effective Date”)
concerning the unpatented mining claims situated in Churchill County, Nevada, and any additional unpatented mining claims located
within the Area of Interest by Owner or Lessee, and which are more particularly described in Schedule 1 attached to and by this
reference incorporated in this Agreement (the “Property”).

 

Owner has leased the
Property to Lessee and has granted to Lessee the Option to Purchase and acquire title to the Property. Lessee may assign its rights
under the Agreement provided that Owner has first consented to the assignment which shall not be withheld unreasonably.

 

For purposes of the Agreement and this Memorandum,
the addresses of the parties are:

 

	If to Owner:	Brilliant Sands Incorporated
	 	3983 S. McCarran Blvd., Suite 458
	 	Reno, NV  89502
	 	 
	Delivery of all Data to:	Brilliant Sands Incorporated
	 	3983 S. McCarran Blvd., Suite 458
	 	Reno, NV  89502 
	 	 
	If to Lessee:	Premium Bonanza Gold Mines LLC
	 	254 West Haley St.
	 	Coeur d’Alene, Idaho 83815

 

OWNER:

Brilliant Sands Incorporated

 

	 	 
	By:  Marc J. Andrews, President & CEO	 
	 	 
	LESSEE: 	 
	Premium Bonanza Gold Mines LLC	 
	 	 
	 	 
	By: John Ryan	 

 

    	 	24	 

     

    

 

	STATE OF NEVADA	)	 
	 	ss.	 
	COUNTY OF WASHOE	)	 

 

This Memorandum of
Exploration and Mining Lease with Options to Purchase Agreement was executed before me on ___________________________, 2016, by
Marc J. Andrews.

 

	 	 
	 	Notary Public

 

	STATE OF ____________	)	 
	 	ss.	 
	COUNTY OF _________	)	 

 

This Memorandum of
Exploration and Mining Lease with Options to Purchase Agreement was executed before me on ___________________________, 2016, by
John Ryan.

 

	 	 
	 	Notary Public

 

    	 	25	 

     

    

 

When recorded return to:

 

Brilliant Sands Incorporated

3983 S. McCarran Blvd., Suite 458

Reno, Nevada 89502

 

This notice contains no social security

or other personal information

 

EXHIBIT F

To

PYRAMID MINE PROPERTY 

Exploration and Mining Lease with
Options to Purchase Agreement

 

 

 

NOTICE OF TERMINATION OF EXPLORATION
AND MINING LEASE 

WITH OPTIONS TO PURCHASE AGREEMENT

 

This Notice of Termination of the Exploration
and Mining Lease with Options to Purchase Agreement is made by Premium Bonanza Gold Mines, LLC, an Idaho limited liability
company (“Releasing Party”), and Brilliant Sands Incorporated a Montana corporation (“Owner”).

 

On January 20, 2016, the Releasing Party
and Owner entered into an Exploration and Mining Lease with Options to Purchase Agreement (the “Agreement”).
A Memorandum of that Agreement was recorded in Churchill County, Nevada on ________________________, ____ 2016 as Document # ________________.

 

Notice is hereby given that the Agreement
has been terminated by the Releasing Party and Owner effective _____________ _____, 20______.

 

The Releasing Party hereby discharges and
releases to Owner all of Releasing Party’s right, title and interest in the Agreement and agrees to complete all obligations
as described in the Agreement.

 

Executed this ______ day of _________________________,
20_____.

 

Premium Bonanza Gold Mines, LLC

 

	 	 
	John Ryan	 

 

    	 	26

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