Document:

ANV-2014.01.28 Exhibit 10.1

Exhibit 10.1 Letter Agreement

    	
		
	  
	Suite 788-550 Burrard Street, Vancouver 
British Columbia V6C 2B5 Canada 
Tel - 604 685 8311
Fax - 604 484 4710
www.wkmining.com

January 24, 2014

Via E-Mail:  Randy.Buffington@AlliedNevada.com

Randy Buffington, President and CEO
Allied Nevada Gold Corp.
Allied VNC Inc.
9790 Gateway Drive, Suite 200
Reno, NV  89521

		
	Re:
	Letter Agreement for Acquisition of Hasbrouck, Three Hills Properties, and Esmeralda County Exploration Properties - with Option of 25% of Property at Final Payment

Mr. Buffington:
West Kirkland Mining, Inc. (“WKM”) is pleased to submit this letter Agreement (the “Letter Agreement”) setting forth the principal terms and conditions on which ANV agrees to sell to WKM, and WKM agrees to purchase from ANV, the twenty-eight (28) patented mining claims and five hundred eighty-three (583) unpatented mining claims encompassing twelve thousand six hundred sixty acres, more or less (“Hasbrouck”) located in Esmeralda County, Nevada, U.S.A. and the nearby one hundred (100) unpatented mining claims and six (6) patented claims, comprising one thousand eight hundred ninety acres, more or less (“Three Hills”), located in Nye County and Esmeralda County, Nevada, U.S.A., more particularly described in Exhibit A to that certain Confidentiality Agreement, dated July 29, 2013, between WKM and Allied Nevada Gold Corp. (“ANV”), together with certain exploration properties, (the “Property”), all owned directly or indirectly by ANV or  Allied VNC Inc., a Nevada corporation (“ANVC”), attached hereto as Exhibit “1”.  The Property is further depicted in the map attached hereto as Exhibit “2”.  The proposed asset acquisition shall include, without limitation, all the real property, claims, water rights, improvements, permits, bonds, equipment, personal property, and intellectual property located on or used in the operation or exploration of the Property. The Property shall be free and clear of all liens and encumbrances, except those of record and those disclosed in writing by Allied VNC Inc. 
1.    Purchaser. The purchaser of the Property will be WKM or an affiliate of WKM designated by WKM, provided, however that WKM shall guarantee and remain liable to ANVC for all obligations under the Purchase and Sale Agreement (“PSA”).
2.    Purchase Price.  Consideration for the purchase will be Thirty Million Dollars (US$30,000,000) (the “Purchase Price”), to be paid as follows:
(a)    The sum of Five Hundred Thousand Dollars ($500,000) shall be paid in cash upon the acceptance of this Letter Agreement by ANVC in consideration of the rights granted to WKM under this Letter Agreement and the agreement of ANV and ANVC to deal exclusively with WKM.   The $500,000 shall be non-refundable except in the event that the right of first offer is exercised by a party having such a right
(b)    The sum of Nineteen Million Five Hundred Thousand Dollars (US$19,500,000) shall be paid in cash at Closing, which shall occur no later than 90 days after the execution of this Letter Agreement (the “Date of Closing”), at which time title to the Property shall be transferred from ANVC to WKM.

1

Exhibit 10.1 Letter Agreement

(c)     The sum of Ten Million Dollars (US$10,000,000) shall be paid within thirty (30) months after the Date of the Closing (the “Final Payment Date”).  
(d)    If WKM does not make payment to ANVC of the Ten Million Dollars on or before the Final Payment Date, then the Property shall be transferred into a Joint Venture and WKM shall transfer to ANVC by deed a twenty-five percent (25%) interest in the Joint Venture prior to the Final Payment Date. The initial form of Joint Venture operating agreement shall be prepared by WKM’s counsel and the parties shall negotiate in good faith the final form of the operating agreement.  A copy of the operating agreement shall be attached as an exhibit to the PSA.  The parties shall transfer title to the property to the Joint Venture which shall be a Nevada limited liability company (“LLC”).  The LLC operating agreement shall be based on the Rocky Mountain Mineral Law Foundation Form 5LLC-5 (“Form 5”) which shall provide (1) the parties’ initial membership interests shall be WKM 75% and ANVC 25%: (2) the total of the parties’ initial contributions to the LLC shall be deemed to be $30,000,000 of which $22,500,000 shall be WKM’s initial contribution and $7,500,000 shall be ANVC’s initial contribution; (3) on or before November 1 of each year, the LLC manager shall prepare and deliver to the non-manager(s) a detailed proposed budget and program for the following calendar year; the proposed budget must be approved by the holders of a majority of the members’ interests; (4) each member may elect to participate in full, in part or not at all in the funding of a proposed budget and program, and the members’ interests shall be adjusted to proportion of the parties’ initial contributions and subsequent contributions to approved budgets and programs; (5) if a member’s interest is reduced to less than ten percent (10%), such member shall be deemed to have withdrawn from the LLC and its member’s interest shall be transferred to the non-withdrawing member(s) and the withdrawing member’s interest shall be converted to a 3.5 % net profits royalty interest granted by the LLC to the withdrawing member (with net profits to be determined after the LLC’s recoupment of  capital expenditures, by amortization or depreciation, and operating expenses); (6) each member’s right to transfer its membership interest shall be subject to the other member(s) right of first refusal to purchase the membership interest of the transferor in accordance with Form 5; (7) WKM shall be the initial manager of the Joint Venture and shall remain the manager so long as it maintains a fifty percent (50%) or greater membership interest in the LLC or, if the LLC has more than two members, a plurality of the members’ interests; (8) the manager’s obligation is to maintain the LLC property in good standing at all times and the manager will be reimbursed by the LLC a management fee of 10% of the actual cost of the manager’s personnel related expenditures incurred to oversee the business of the LLC with a limitation of $500,000 in any annual period ; and (9) such other terms generally included in joint venture operating agreements in the mining industry in Nevada.
(e)    In the event that WKM offers payment of the Ten Million Dollars, ANVC shall have the option to decline the payment of the Ten Million Dollars in which event the Property shall be transferred into a Joint Venture and WKM shall transfer to ANVC by deed a twenty-five percent (25%) interest in the Joint Venture prior to the Final Payment Date. WKM shall request notice of ANVC’s intention to decline the payment of the Ten Million Dollars no later than 26 months after the Date of the Closing, and ANVC shall provide such notice of their intention to decline the payment no later than 27 months after the Date of the Closing. If WKM does not offer payment to ANV prior to 26 months after the Date of Closing, then the Property shall be transferred into a Joint Venture and WKM shall transfer to ANV by deed a twenty-five percent (25%) interest in the Joint Venture prior to the Final Payment Date.  If ANVC does not respond to WKM’s offer of payment of the Ten Million Dollars prior to 27 months after the Date of the Closing, it is assumed that ANVC has accepted the offer of payment and payment of the Ten Million Dollars is to be made on or before the Final Payment Date.

2

Exhibit 10.1 Letter Agreement

3.    Form of PSA.   The initial form of the detailed PSA shall be prepared by WKM’s counsel within 30 business days of the parties signing this Letter Agreement and the parties shall negotiate in good faith the final form of the PSA.
4.    Title.  Regarding the unpatented mining claims which constitute all or a portion of the Property, ANVC represents that: 
(a) the claims were located in accordance with applicable Federal and state laws and regulations; ANVC makes the foregoing representation to its knowledge in respect of the unpatented mining claims which were located by third parties.  ANC has no personal knowledge of the actions taken by third party locaters in the chain of title;
(b) all assessment work requirements for the claims have been performed, all filings and recordings of proof of performance have been completed and all Federal and other applicable annual unpatented mining claim maintenance and rental fees have been paid; 
(c) the claims are in good standing, and ANVC holds record title to the claims subject to the paramount title of the United States and other matters of title disclosed in writing by ANVC; 
(d) ANVC has the authority and right to convey the interests described in this Letter Agreement; and 
(e) the claims are free and clear of all liens, claims, encumbrances, production royalties and security interests created by, through or under ANVC, except as otherwise provided in this Letter Agreement or disclosed in writing by ANVC.  
WKM acknowledges that the Property is situated in a historic mining district and that ANVC has disclosed in writing to WKM that conflicts exist or may exist among certain of the unpatented mining claims included in the Property.  WKM also acknowledges that certain of the unpatented mining claims included in the Property underlie a public highway and that the lands within the federal highway are withdrawn from location under the mining law.  ANVC makes no representation or warranty concerning the discovery or presence of valuable minerals on the unpatented mining claims which comprise all or a portion of the Property.  In respect of unpatented mining claims located by third parties, ANVC makes the representations in (a) and (b) (regarding annual assessment work) to ANVC’s best knowledge. Title to the Property will be conveyed at closing by Grant, Bargain and Sale Deed. The Property will include any associated surface rights, access rights, water rights, permits and other associated real and personal property. WKM understands that the Property will be conveyed subject to net smelter returns royalties of approximately four percent (4%) on Hasbrouck and two percent (2%) on Three Hills, as shown on the spreadsheet furnished to WKM by ANV and attached to this Letter Agreement.  WKM acknowledges the existence of the obligation to pay federal annual mining claim maintenance fees and the duty of the owner of unpatented mining claims to pay such fees. 
5.    Conditions. WKM’s obligations to close the transaction under this Letter Agreement are subject to the following conditions:
(a)    Satisfactory completion, in WKM’s sole judgment, of legal, title and environmental diligence with respect to the Property. The transaction shall be subject to WKM’s satisfaction on title (including pending or threatened litigation), and no environmental liability arising prior to the Date of Closing. WKM is obligated to notify ANVC of objections to title and other conditions within 50 days after the date of this Letter Agreement and is obligated to deliver to ANVC copies of WKM’s environmental investigative reports.  If WKM objects to any matter identified in its investigation, it may terminate this Letter Agreement or it may elect to proceed with the Closing.

3

Exhibit 10.1 Letter Agreement

(b)    Completion and the parties’ execution of the PSA, financing, board approvals, regulatory approvals and other customary conditions in the mining industry for similar assets sales.
(c)    That no Material Adverse Effect shall have occurred, prior to the Date of Closing. “Material Adverse Effect” shall mean any event, occurrence, or development affecting the Property which would be reasonably expected to result in a material permanent decrease in the value of the Property.
6.    Access, Permitting and Safety.
(a)    ANVC agrees that beginning on the date it accepts this Letter Agreement and during the term of this Letter Agreement, it will provide WKM, its partners, contractors, consultants, and banks or other financial professionals with access to all assays, drill hole data, other data, studies, title information, agency correspondence, notices of violation, reports and other information in its possession related to the Property, mineralization or potential mineralization on the Property, and environmental conditions on or affecting the Property (collectively, the “Information”).  Recipients of the above information must acknowledge receipt of the Confidentiality Agreement (as defined in Section 7) and their agreement to be bound thereunder. ANVC will also assist, if requested, with obtaining access to governmental agencies having jurisdiction over its permits. ANVC shall deliver copies of all title reports and opinions in its custody or possession regarding the Property to WKM, within ten (10) days after accepting this Letter Agreement.    
(b)    WKM and its partners, contractors, consultants and banks or other financial professionals shall be provided access to the Property for examination and testing of the Property. WKM agrees that it will comply with all permits and other authorizations held by ANVC and ANVC’s safety rules with respect to the Property and ANVC agrees that it will facilitate such activities under such permits to the extent it can legally do so.  In carrying out the foregoing, WKM will comply with the requirements of OSHA or MSHA, when applicable, and to the safety rules and regulations required by ANVC of its employees and contractors and shall defend, indemnify and hold ANVC harmless for any failure to so comply.  ANVC will have the right to have one or more observers present at all operations conducted by WKM on the Property.
7.    Confidentiality. The terms and conditions of this Letter Agreement and all Information and other information disclosed in writing during the course of the discussions between the parties concerning the proposed PSA will be and remain governed by the Confidentiality Agreement, dated July 29, 2013, (the “Confidentiality Agreement”) between WKM and ANV, which shall survive termination of this Letter Agreement. WKM shall inform all recipients of data and information of the existence of the Confidentiality Agreement and the recipients’ obligation to comply with its terms.
8.    Non-Compete. ANV agrees that the PSA will include a covenant under which ANV agrees, for itself and its successors, that without the prior written consent of WKM, which may be withheld for any reason whatsoever in WKM’s sole discretion, ANVC will not compete with WKM within an “Area of Interest” of one (1) mile surrounding the external boundary of the Property as it exists today. This covenant will exist for a period of 30 months following the Date of Closing and will preclude ANVC and its successors from acquiring any right or interest in any patented or unpatented mining claims or any other interest in property or by locating unpatented mining claims within the Area of Interest. Should ANVC come into an ownership position within such one mile area inadvertently, such as resulting from a merger or broader acquisition, ANVC shall offer such position (to the extent it is within the Area of Interest) to WKM for the cost of acquisition.

4

Exhibit 10.1 Letter Agreement

9    Exclusivity. In consideration of WKM’s payment of $500,000 ANV and its affiliates agree that for a 90-day period commencing on the date of this Letter Agreement , ANV and its affiliates will not enter into any agreement, discussion, or negotiation with, or provide information to, or solicit, encourage, entertain or consider any inquiries or proposals from any other corporation, person or party whomsoever with respect to the disposition, or lease of the Property or any part thereof, or any business combination including the Property.
10.    Miscellaneous.
(a)    A party’s rights under this Letter Agreement, or any of its rights, interests or obligations hereunder, may not be assigned or delegated without the express consent of the other party, except that WKM may assign its rights, interests and obligations to an affiliate, provided that WKM agrees to guarantee the affiliates obligations.
(b)    This Letter Agreement and the Confidentiality Agreement are the sole agreements between the parties with respect to the subject matter hereof and supersede all prior understandings, writings, proposals, representations, or communications, oral or written, of either party relating to the subject matter hereof. This Letter Agreement can be modified only by a writing signed by an authorized representative of each party that states it amends this Letter Agreement.
(c)    This Letter Agreement may be terminated by WKM and negotiations relating to the proposed definitive agreement may be abandoned by WKM at any time, for any reason, without further obligation of WKM.  However, WKM’s and ANVC’s obligations under Section 6(b), Section 7 and this Section 10 shall survive termination.  Both parties shall negotiate in good faith the final form of the PSA. If all other conditions of this Letter Agreement have been met, including for avoidance of doubt the payment of the $19,500,000, and the PSA has not been finalized as of 90 days after the execution of this Letter Agreement, this Agreement shall survive until the PSA is finalized."    
(d)    Each party will bear its own expenses incurred in connection with this Letter Agreement and negotiation and drafting of the PSA.
(e)    This Letter Agreement and the PSA will be governed by Nevada law.
(f)    This Letter Agreement may be executed in counterparts, each of which will be deemed an original when one counterpart has been executed by each party.
If this Letter Agreement is consistent with your understanding of our mutual intent that ANV sell the Properties to WKM and that WKM purchase the Properties from ANV , please so indicate by signing in the place provided below, retaining a copy for your records, and returning a copy (by fax or pdf file) to me.
Thank you,
	
	
	/s/ R. Michael Jones

	By: R. Michael Jones, President

	West Kirkland Mining Inc.

	 

	Witness:

	 

	/s/ Michael Allen

	Michael Allen

5

Exhibit 10.1 Letter Agreement

Accepted and agreed to this 24th day of January, 2014
    
	
	
	/s/ Stephen M. Jones

	Stephen M. Jones Executive Vice President and CFO

	Allied Nevada Gold Corp.

	 

	By: /s/ Stephen M. Jones

	Stephen M. Jones, Chief Financial Officer

	Allied VNC Inc.

	 

	Witnesses:

	 

	/s/ Randy Buffington

	Randy Buffington

	 

	/s/ Tracey Thom

	Tracey Thom

6

Exhibit 10.1 Letter Agreement

Exhibit 1
	
						
	 
	Hasbrouck/Three Hills claim list
	 
	 

	 
	Project
	ClaimName
	Location
 Date
	BLM Serial No.
	Filing County

	1
	Hasbrouck
	HSB 1
	3/14/2011
	NMC1043485
	Esmeralda

	2
	Hasbrouck
	HSB 2
	3/14/2011
	NMC1043486
	Esmeralda

	3
	Hasbrouck
	HSB 3
	3/14/2011
	NMC1043487
	Esmeralda

	4
	Hasbrouck
	HSB 4
	3/14/2011
	NMC1043488
	Esmeralda

	5
	Hasbrouck
	HSB 5
	3/14/2011
	NMC1043489
	Esmeralda

	6
	Hasbrouck
	HSB 6
	3/14/2011
	NMC1043490
	Esmeralda

	7
	Hasbrouck
	HSB 7
	3/14/2011
	NMC1043491
	Esmeralda

	8
	Hasbrouck
	HSB 8
	3/14/2011
	NMC1043492
	Esmeralda

	9
	Hasbrouck
	HSB 9
	3/14/2011
	NMC1043493
	Esmeralda

	10
	Hasbrouck
	HSB 10
	3/14/2011
	NMC1043494
	Esmeralda

	11
	Hasbrouck
	HSB 11
	3/14/2011
	NMC1043495
	Esmeralda

	12
	Hasbrouck
	HSB 12
	3/14/2011
	NMC1043496
	Esmeralda

	13
	Hasbrouck
	HSB 13
	3/14/2011
	NMC1043497
	Esmeralda

	14
	Hasbrouck
	HSB 14
	3/14/2011
	NMC1043498
	Esmeralda

	15
	Hasbrouck
	HSB 15
	3/14/2011
	NMC1043499
	Esmeralda

	16
	Hasbrouck
	HSB 16
	3/13/2011
	NMC1043500
	Esmeralda

	17
	Hasbrouck
	HSB 17
	3/13/2011
	NMC1043501
	Esmeralda

	18
	Hasbrouck
	HSB 18
	3/13/2011
	NMC1043502
	Esmeralda

	19
	Hasbrouck
	HSB 19
	3/13/2011
	NMC1043503
	Esmeralda

	20
	Hasbrouck
	HSB 20
	3/13/2011
	NMC1043504
	Esmeralda

	21
	Hasbrouck
	HSB 21
	3/13/2011
	NMC1043505
	Esmeralda

	22
	Hasbrouck
	HSB 22
	3/13/2011
	NMC1043506
	Esmeralda

	23
	Hasbrouck
	HSB 23
	3/13/2011
	NMC1043507
	Esmeralda

	24
	Hasbrouck
	HSB 24
	3/13/2011
	NMC1043508
	Esmeralda

	25
	Hasbrouck
	HSB 25
	3/13/2011
	NMC1043509
	Esmeralda

	26
	Hasbrouck
	HSB 26
	3/13/2011
	NMC1043510
	Esmeralda

	27
	Hasbrouck
	HSB 27
	3/13/2011
	NMC1043511
	Esmeralda

	28
	Hasbrouck
	HSB 28
	3/13/2011
	NMC1043512
	Esmeralda

	29
	Hasbrouck
	HSB 29
	3/13/2011
	NMC1043513
	Esmeralda

	30
	Hasbrouck
	HSB 30
	3/13/2011
	NMC1043514
	Esmeralda

	31
	Hasbrouck
	HSB 31
	3/13/2011
	NMC1043515
	Esmeralda

	32
	Hasbrouck
	HSB 32
	3/13/2011
	NMC1043516
	Esmeralda

	33
	Hasbrouck
	HSB 33
	3/13/2011
	NMC1043517
	Esmeralda

	34
	Hasbrouck
	HSB 34
	3/13/2011
	NMC1043518
	Esmeralda

	35
	Hasbrouck
	HSB 35
	3/13/2011
	NMC1043519
	Esmeralda

	36
	Hasbrouck
	HSB 36
	3/13/2011
	NMC1043520
	Esmeralda

	37
	Hasbrouck
	HSB 37
	3/13/2011
	NMC1043521
	Esmeralda

	38
	Hasbrouck
	HSB 38
	3/13/2011
	NMC1043522
	Esmeralda

	39
	Hasbrouck
	HSB 39
	3/13/2011
	NMC1043523
	Esmeralda

	40
	Hasbrouck
	HSB 40
	3/13/2011
	NMC1043524
	Esmeralda

	41
	Hasbrouck
	HSB 41
	3/13/2011
	NMC1043525
	Esmeralda

	42
	Hasbrouck
	HSB 42
	3/13/2011
	NMC1043526
	Esmeralda

	43
	Hasbrouck
	HSB 43
	3/13/2011
	NMC1043527
	Esmeralda

	44
	Hasbrouck
	HSB 44
	3/13/2011
	NMC1043528
	Esmeralda

	45
	Hasbrouck
	HSB 45
	3/13/2011
	NMC1043529
	Esmeralda

	46
	Hasbrouck
	HSB 46
	3/13/2011
	NMC1043530
	Esmeralda

	47
	Hasbrouck
	HSB 47
	3/13/2011
	NMC1043531
	Esmeralda

	48
	Hasbrouck
	HSB 48
	3/13/2011
	NMC1043532
	Esmeralda

	49
	Hasbrouck
	HSB 49
	3/13/2011
	NMC1043533
	Esmeralda

	50
	Hasbrouck
	HSB 50
	3/13/2011
	NMC1043534
	Esmeralda

	51
	Hasbrouck
	HSB 51
	3/13/2011
	NMC1043535
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	52
	Hasbrouck
	HSB 52
	3/13/2011
	NMC1043536
	Esmeralda

	53
	Hasbrouck
	HSB 53
	3/13/2011
	NMC1043537
	Esmeralda

	54
	Hasbrouck
	HSB 54
	3/13/2011
	NMC1043538
	Esmeralda

	55
	Hasbrouck
	HSB 55
	3/13/2011
	NMC1043539
	Esmeralda

	56
	Hasbrouck
	HSB 56
	3/13/2011
	NMC1043540
	Esmeralda

	57
	Hasbrouck
	HSB 57
	3/13/2011
	NMC1043541
	Esmeralda

	58
	Hasbrouck
	HSB 58
	3/13/2011
	NMC1043542
	Esmeralda

	59
	Hasbrouck
	HSB 59
	3/13/2011
	NMC1043543
	Esmeralda

	60
	Hasbrouck
	HSB 60
	3/13/2011
	NMC1043544
	Esmeralda

	61
	Hasbrouck
	HSB 61
	3/13/2011
	NMC1043545
	Esmeralda

	62
	Hasbrouck
	HSB 62
	3/13/2011
	NMC1043546
	Esmeralda

	63
	Hasbrouck
	HSB 63
	3/13/2011
	NMC1043547
	Esmeralda

	64
	Hasbrouck
	HSB 64
	3/13/2011
	NMC1043548
	Esmeralda

	65
	Hasbrouck
	HSB 65
	3/13/2011
	NMC1043549
	Esmeralda

	66
	Hasbrouck
	HSB 66
	3/13/2011
	NMC1043550
	Esmeralda

	67
	Hasbrouck
	HSB 67
	3/13/2011
	NMC1043551
	Esmeralda

	68
	Hasbrouck
	HSB 68
	3/13/2011
	NMC1043552
	Esmeralda

	69
	Hasbrouck
	HSB 69
	3/13/2011
	NMC1043553
	Esmeralda

	70
	Hasbrouck
	HSB 70
	3/13/2011
	NMC1043554
	Esmeralda

	71
	Hasbrouck
	HSB 71
	3/13/2011
	NMC1043555
	Esmeralda

	72
	Hasbrouck
	HSB 72
	3/13/2011
	NMC1043556
	Esmeralda

	73
	Hasbrouck
	HSB 73
	3/13/2011
	NMC1043557
	Esmeralda

	74
	Hasbrouck
	HSB 74
	3/13/2011
	NMC1043558
	Esmeralda

	75
	Hasbrouck
	HSB 75
	3/13/2011
	NMC1043559
	Esmeralda

	76
	Hasbrouck
	HSB 76
	3/13/2011
	NMC1043560
	Esmeralda

	77
	Hasbrouck
	HSB 77
	3/13/2011
	NMC1043561
	Esmeralda

	78
	Hasbrouck
	HSB 78
	3/13/2011
	NMC1043562
	Esmeralda

	79
	Hasbrouck
	HSB 79
	3/13/2011
	NMC1043563
	Esmeralda

	80
	Hasbrouck
	HSB 80
	3/13/2011
	NMC1043564
	Esmeralda

	81
	Hasbrouck
	HSB 81
	3/13/2011
	NMC1043565
	Esmeralda

	82
	Hasbrouck
	HSB 82
	3/13/2011
	NMC1043566
	Esmeralda

	83
	Hasbrouck
	HSB 83
	3/13/2011
	NMC1043567
	Esmeralda

	84
	Hasbrouck
	HSB 84
	3/13/2011
	NMC1043568
	Esmeralda

	85
	Hasbrouck
	HSB 85
	3/13/2011
	NMC1043569
	Esmeralda

	86
	Hasbrouck
	HSB 86
	3/13/2011
	NMC1043570
	Esmeralda

	87
	Hasbrouck
	HSB 87
	3/13/2011
	NMC1043571
	Esmeralda

	88
	Hasbrouck
	HSB 88
	3/13/2011
	NMC1043572
	Esmeralda

	89
	Hasbrouck
	HSB 89
	3/13/2011
	NMC1043573
	Esmeralda

	90
	Hasbrouck
	HSB 90
	3/13/2011
	NMC1043574
	Esmeralda

	91
	Hasbrouck
	HSB 91
	3/13/2011
	NMC1043575
	Esmeralda

	92
	Hasbrouck
	HSB 92
	3/13/2011
	NMC1043576
	Esmeralda

	93
	Hasbrouck
	HSB 93
	3/13/2011
	NMC1043577
	Esmeralda

	94
	Hasbrouck
	HSB 94
	3/13/2011
	NMC1043578
	Esmeralda

	95
	Hasbrouck
	HSB 95
	3/13/2011
	NMC1043579
	Esmeralda

	96
	Hasbrouck
	HSB 96
	3/13/2011
	NMC1043580
	Esmeralda

	97
	Hasbrouck
	HSB 97
	3/13/2011
	NMC1043581
	Esmeralda

	98
	Hasbrouck
	HSB 98
	3/13/2011
	NMC1043582
	Esmeralda

	99
	Hasbrouck
	HSB 99
	3/13/2011
	NMC1043583
	Esmeralda

	100
	Hasbrouck
	HSB 100
	3/13/2011
	NMC1043584
	Esmeralda

	101
	Hasbrouck
	HSB 101
	3/13/2011
	NMC1043585
	Esmeralda

	102
	Hasbrouck
	HSB 102
	3/13/2011
	NMC1043586
	Esmeralda

	103
	Hasbrouck
	HSB 103
	3/13/2011
	NMC1043587
	Esmeralda

	104
	Hasbrouck
	HSB 104
	3/13/2011
	NMC1043588
	Esmeralda

	105
	Hasbrouck
	HSB 105
	3/13/2011
	NMC1043589
	Esmeralda

	106
	Hasbrouck
	HSB 106
	3/13/2011
	NMC1043590
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	107
	Hasbrouck
	HSB 107
	3/13/2011
	NMC1043591
	Esmeralda

	108
	Hasbrouck
	HSB 108
	3/13/2011
	NMC1043592
	Esmeralda

	109
	Hasbrouck
	HSB 109
	3/13/2011
	NMC1043593
	Esmeralda

	110
	Hasbrouck
	HSB 110
	3/13/2011
	NMC1043594
	Esmeralda

	111
	Hasbrouck
	HSB 111
	3/13/2011
	NMC1043595
	Esmeralda

	112
	Hasbrouck
	HSB 112
	3/13/2011
	NMC1043596
	Esmeralda

	113
	Hasbrouck
	HSB 113
	3/13/2011
	NMC1043597
	Esmeralda

	114
	Hasbrouck
	HSB 114
	3/13/2011
	NMC1043598
	Esmeralda

	115
	Hasbrouck
	HSB 115
	3/13/2011
	NMC1043599
	Esmeralda

	116
	Hasbrouck
	HSB 116
	3/13/2011
	NMC1043600
	Esmeralda

	117
	Hasbrouck
	HSB 117
	3/13/2011
	NMC1043601
	Esmeralda

	118
	Hasbrouck
	HSB 118
	3/13/2011
	NMC1043602
	Esmeralda

	119
	Hasbrouck
	HSB 119
	3/13/2011
	NMC1043603
	Esmeralda

	120
	Hasbrouck
	HSB 120
	3/13/2011
	NMC1043604
	Esmeralda

	121
	Hasbrouck
	HSB 121
	3/13/2011
	NMC1043605
	Esmeralda

	122
	Hasbrouck
	HSB 122
	3/13/2011
	NMC1043606
	Esmeralda

	123
	Hasbrouck
	HSB 123
	3/13/2011
	NMC1043607
	Esmeralda

	124
	Hasbrouck
	HSB 124
	3/13/2011
	NMC1043608
	Esmeralda

	125
	Hasbrouck
	HSB 125
	3/13/2011
	NMC1043609
	Esmeralda

	126
	Hasbrouck
	HSB 126
	3/13/2011
	NMC1043610
	Esmeralda

	127
	Hasbrouck
	HSB 127
	3/13/2011
	NMC1043611
	Esmeralda

	128
	Hasbrouck
	HSB 128
	3/13/2011
	NMC1043612
	Esmeralda

	129
	Hasbrouck
	HSB 129
	3/13/2011
	NMC1043613
	Esmeralda

	130
	Hasbrouck
	HSB 130
	3/13/2011
	NMC1043614
	Esmeralda

	131
	Hasbrouck
	HSB 131
	3/13/2011
	NMC1043615
	Esmeralda

	132
	Hasbrouck
	HSB 132
	3/13/2011
	NMC1043616
	Esmeralda

	133
	Hasbrouck
	HSB 133
	3/13/2011
	NMC1043617
	Esmeralda

	134
	Hasbrouck
	HSB 134
	3/13/2011
	NMC1043618
	Esmeralda

	135
	Hasbrouck
	HSB 135
	3/13/2011
	NMC1043619
	Esmeralda

	136
	Hasbrouck
	HSB 136
	3/13/2011
	NMC1043620
	Esmeralda

	137
	Hasbrouck
	HSB 137
	3/13/2011
	NMC1043621
	Esmeralda

	138
	Hasbrouck
	HSB 138
	3/13/2011
	NMC1043622
	Esmeralda

	139
	Hasbrouck
	HSB 139
	3/13/2011
	NMC1043623
	Esmeralda

	140
	Hasbrouck
	HSB 140
	3/13/2011
	NMC1043624
	Esmeralda

	141
	Hasbrouck
	HSB 141
	3/13/2011
	NMC1043625
	Esmeralda

	142
	Hasbrouck
	HSB 142
	3/13/2011
	NMC1043626
	Esmeralda

	143
	Hasbrouck
	HSB 143
	3/13/2011
	NMC1043627
	Esmeralda

	144
	Hasbrouck
	HSB 144
	3/13/2011
	NMC1043628
	Esmeralda

	145
	Hasbrouck
	HSB 145
	3/13/2011
	NMC1043629
	Esmeralda

	146
	Hasbrouck
	HSB 146
	3/13/2011
	NMC1043630
	Esmeralda

	147
	Hasbrouck
	HSB 147
	3/13/2011
	NMC1043631
	Esmeralda

	148
	Hasbrouck
	HSB 148
	3/13/2011
	NMC1043632
	Esmeralda

	149
	Hasbrouck
	HSB 149
	3/13/2011
	NMC1043633
	Esmeralda

	150
	Hasbrouck
	HSB 150
	3/13/2011
	NMC1043634
	Esmeralda

	151
	Hasbrouck
	HSB 151
	3/13/2011
	NMC1043635
	Esmeralda

	152
	Hasbrouck
	HSB 152
	3/13/2011
	NMC1043636
	Esmeralda

	153
	Hasbrouck
	HSB 153
	3/13/2011
	NMC1043637
	Esmeralda

	154
	Hasbrouck
	HSB 154
	3/13/2011
	NMC1043638
	Esmeralda

	155
	Hasbrouck
	HSB 155
	3/13/2011
	NMC1043639
	Esmeralda

	156
	Hasbrouck
	HSB 156
	3/13/2011
	NMC1043640
	Esmeralda

	157
	Hasbrouck
	HSB 157
	3/13/2011
	NMC1043641
	Esmeralda

	158
	Hasbrouck
	HSB 158
	3/13/2011
	NMC1043642
	Esmeralda

	159
	Hasbrouck
	HSB 159
	3/13/2011
	NMC1043643
	Esmeralda

	160
	Hasbrouck
	HSB 160
	3/13/2011
	NMC1043644
	Esmeralda

	161
	Hasbrouck
	HSB 161
	3/13/2011
	NMC1043645
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	162
	Hasbrouck
	HSB 162
	3/13/2011
	NMC1043646
	Esmeralda

	163
	Hasbrouck
	HSB 163
	3/13/2011
	NMC1043647
	Esmeralda

	164
	Hasbrouck
	HSB 164
	3/13/2011
	NMC1043648
	Esmeralda

	165
	Hasbrouck
	HSB 165
	3/13/2011
	NMC1043649
	Esmeralda

	166
	Hasbrouck
	HSB 166
	3/13/2011
	NMC1043650
	Esmeralda

	167
	Hasbrouck
	HSB 167
	3/13/2011
	NMC1043651
	Esmeralda

	168
	Hasbrouck
	HSB 168
	3/13/2011
	NMC1043652
	Esmeralda

	169
	Hasbrouck
	HSB 169
	3/13/2011
	NMC1043653
	Esmeralda

	170
	Hasbrouck
	HSB 170
	3/13/2011
	NMC1043654
	Esmeralda

	171
	Hasbrouck
	HSB 171
	3/13/2011
	NMC1043655
	Esmeralda

	172
	Hasbrouck
	HSB 172
	3/13/2011
	NMC1043656
	Esmeralda

	173
	Hasbrouck
	HSB 173
	3/13/2011
	NMC1043657
	Esmeralda

	174
	Hasbrouck
	HSB 174
	3/13/2011
	NMC1043658
	Esmeralda

	175
	Hasbrouck
	HSB 175
	3/13/2011
	NMC1043659
	Esmeralda

	176
	Hasbrouck
	HSB 176
	3/13/2011
	NMC1043660
	Esmeralda

	177
	Hasbrouck
	HSB 177
	3/13/2011
	NMC1043661
	Esmeralda

	178
	Hasbrouck
	HSB 178
	3/13/2011
	NMC1043662
	Esmeralda

	179
	Hasbrouck
	HSB 179
	3/13/2011
	NMC1043663
	Esmeralda

	180
	Hasbrouck
	HSB 180
	3/13/2011
	NMC1043664
	Esmeralda

	181
	Hasbrouck
	HSB 181
	3/14/2011
	NMC1043665
	Esmeralda

	182
	Hasbrouck
	HSB 182
	3/14/2011
	NMC1043666
	Esmeralda

	183
	Hasbrouck
	HSB 183
	3/14/2011
	NMC1043667
	Esmeralda

	184
	Hasbrouck
	HSB 184
	3/14/2011
	NMC1043668
	Esmeralda

	185
	Hasbrouck
	HSB 185
	3/14/2011
	NMC1043669
	Esmeralda

	186
	Hasbrouck
	HSB 186
	3/14/2011
	NMC1043670
	Esmeralda

	187
	Hasbrouck
	HSB 187
	3/14/2011
	NMC1043671
	Esmeralda

	188
	Hasbrouck
	HSB 188
	3/14/2011
	NMC1043672
	Esmeralda

	189
	Hasbrouck
	HSB 189
	3/14/2011
	NMC1043673
	Esmeralda

	190
	Hasbrouck
	HSB 190
	3/14/2011
	NMC1043674
	Esmeralda

	191
	Hasbrouck
	HSB 191
	3/14/2011
	NMC1043675
	Esmeralda

	192
	Hasbrouck
	HSB 192
	3/14/2011
	NMC1043676
	Esmeralda

	193
	Hasbrouck
	HSB 193
	3/14/2011
	NMC1043677
	Esmeralda

	194
	Hasbrouck
	HSB 194
	3/14/2011
	NMC1043678
	Esmeralda

	195
	Hasbrouck
	HSB 195
	3/14/2011
	NMC1043679
	Esmeralda

	196
	Hasbrouck
	HSB 196
	3/14/2011
	NMC1043680
	Esmeralda

	197
	Hasbrouck
	HSB 197
	3/14/2011
	NMC1043681
	Esmeralda

	198
	Hasbrouck
	HSB 198
	3/14/2011
	NMC1043682
	Esmeralda

	199
	Hasbrouck
	HSB 199
	3/14/2011
	NMC1043683
	Esmeralda

	200
	Hasbrouck
	HSB 200
	3/14/2011
	NMC1043684
	Esmeralda

	201
	Hasbrouck
	HSB 201
	3/14/2011
	NMC1043685
	Esmeralda

	202
	Hasbrouck
	HSB 202
	4/9/2011
	NMC1043686
	Esmeralda

	203
	Hasbrouck
	HSB 203
	4/9/2011
	NMC1043687
	Esmeralda

	204
	Hasbrouck
	HSB 204
	4/9/2011
	NMC1043688
	Esmeralda

	205
	Hasbrouck
	HSB 205
	4/9/2011
	NMC1043689
	Esmeralda

	206
	Hasbrouck
	HSB 206
	4/9/2011
	NMC1043690
	Esmeralda

	207
	Hasbrouck
	HSB 207
	4/9/2011
	NMC1043691
	Esmeralda

	208
	Hasbrouck
	HSB 208
	4/9/2011
	NMC1043692
	Esmeralda

	209
	Hasbrouck
	HSB 209
	4/9/2011
	NMC1043693
	Esmeralda

	210
	Hasbrouck
	HSB 210
	4/9/2011
	NMC1043694
	Esmeralda

	211
	Hasbrouck
	HSB 211
	4/9/2011
	NMC1043695
	Esmeralda

	212
	Hasbrouck
	HSB 212
	4/9/2011
	NMC1043696
	Esmeralda

	213
	Hasbrouck
	HSB 213
	4/9/2011
	NMC1043697
	Esmeralda

	214
	Hasbrouck
	HSB 214
	4/9/2011
	NMC1043698
	Esmeralda

	215
	Hasbrouck
	HSB 215
	4/9/2011
	NMC1043699
	Esmeralda

	216
	Hasbrouck
	HSB 216
	4/9/2011
	NMC1043700
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	217
	Hasbrouck
	HSB 217
	4/9/2011
	NMC1043701
	Esmeralda

	218
	Hasbrouck
	HSB 218
	4/9/2011
	NMC1043702
	Esmeralda

	219
	Hasbrouck
	HSB 219
	4/9/2011
	NMC1043703
	Esmeralda

	220
	Hasbrouck
	HSB 220
	4/9/2011
	NMC1043704
	Esmeralda

	221
	Hasbrouck
	HSB 221
	4/9/2011
	NMC1043705
	Esmeralda

	222
	Hasbrouck
	HSB 222
	4/9/2011
	NMC1043706
	Esmeralda

	223
	Hasbrouck
	HSB 223
	4/9/2011
	NMC1043707
	Esmeralda

	224
	Hasbrouck
	HSB 224
	4/9/2011
	NMC1043708
	Esmeralda

	225
	Hasbrouck
	HSB 225
	4/9/2011
	NMC1043709
	Esmeralda

	226
	Hasbrouck
	HSB 226
	4/9/2011
	NMC1043710
	Esmeralda

	227
	Hasbrouck
	HSB 227
	4/9/2011
	NMC1043711
	Esmeralda

	228
	Hasbrouck
	HSB 228
	4/9/2011
	NMC1043712
	Esmeralda

	229
	Hasbrouck
	HSB 229
	4/9/2011
	NMC1043713
	Esmeralda

	230
	Hasbrouck
	HSB 230
	4/9/2011
	NMC1043714
	Esmeralda

	231
	Hasbrouck
	HSB 231
	4/9/2011
	NMC1043715
	Esmeralda

	232
	Hasbrouck
	HSB 232
	4/9/2011
	NMC1043716
	Esmeralda

	233
	Hasbrouck
	HSB 233
	4/9/2011
	NMC1043717
	Esmeralda

	234
	Hasbrouck
	HSB 234
	4/9/2011
	NMC1043718
	Esmeralda

	235
	Hasbrouck
	HSB 235
	4/9/2011
	NMC1043719
	Esmeralda

	236
	Hasbrouck
	HSB 236
	4/9/2011
	NMC1043720
	Esmeralda

	237
	Hasbrouck
	HSB 237
	4/8/2011
	NMC1043721
	Esmeralda

	238
	Hasbrouck
	HSB 238
	4/8/2011
	NMC1043722
	Esmeralda

	239
	Hasbrouck
	HSB 239
	4/8/2011
	NMC1043723
	Esmeralda

	240
	Hasbrouck
	HSB 240
	4/8/2011
	NMC1043724
	Esmeralda

	241
	Hasbrouck
	HSB 241
	4/8/2011
	NMC1043725
	Esmeralda

	242
	Hasbrouck
	HSB 242
	4/8/2011
	NMC1043726
	Esmeralda

	243
	Hasbrouck
	HSB 243
	4/8/2011
	NMC1043727
	Esmeralda

	244
	Hasbrouck
	HSB 244
	4/8/2011
	NMC1043728
	Esmeralda

	245
	Hasbrouck
	HSB 245
	4/8/2011
	NMC1043729
	Esmeralda

	246
	Hasbrouck
	HSB 246
	4/8/2011
	NMC1043730
	Esmeralda

	247
	Hasbrouck
	HSB 247
	4/8/2011
	NMC1043731
	Esmeralda

	248
	Hasbrouck
	HSB 248
	4/8/2011
	NMC1043732
	Esmeralda

	249
	Hasbrouck
	HSB 249
	4/8/2011
	NMC1043733
	Esmeralda

	250
	Hasbrouck
	HSB 250
	4/8/2011
	NMC1043734
	Esmeralda

	251
	Hasbrouck
	HSB 251
	4/8/2011
	NMC1043735
	Esmeralda

	252
	Hasbrouck
	HSB 252
	4/8/2011
	NMC1043736
	Esmeralda

	253
	Hasbrouck
	HSB 253
	4/8/2011
	NMC1043737
	Esmeralda

	254
	Hasbrouck
	HSB 254
	4/8/2011
	NMC1043738
	Esmeralda

	255
	Hasbrouck
	HSB 255
	4/8/2011
	NMC1043739
	Esmeralda

	256
	Hasbrouck
	HSB 256
	4/8/2011
	NMC1043740
	Esmeralda

	257
	Hasbrouck
	HSB 257
	4/8/2011
	NMC1043741
	Esmeralda

	258
	Hasbrouck
	HSB 258
	4/8/2011
	NMC1043742
	Esmeralda

	259
	Hasbrouck
	HSB 259
	4/8/2011
	NMC1043743
	Esmeralda

	260
	Hasbrouck
	HSB 260
	4/8/2011
	NMC1043744
	Esmeralda

	261
	Hasbrouck
	HSB 261
	4/8/2011
	NMC1043745
	Esmeralda

	262
	Hasbrouck
	HSB 262
	4/8/2011
	NMC1043746
	Esmeralda

	263
	Hasbrouck
	HSB 263
	4/8/2011
	NMC1043747
	Esmeralda

	264
	Hasbrouck
	HSB 264
	4/8/2011
	NMC1043748
	Esmeralda

	265
	Hasbrouck
	HSB 265
	4/8/2011
	NMC1043749
	Esmeralda

	266
	Hasbrouck
	HSB 266
	4/8/2011
	NMC1043750
	Esmeralda

	267
	Hasbrouck
	HSB 267
	4/8/2011
	NMC1043751
	Esmeralda

	268
	Hasbrouck
	HSB 268
	4/8/2011
	NMC1043752
	Esmeralda

	269
	Hasbrouck
	HSB 269
	4/8/2011
	NMC1043753
	Esmeralda

	270
	Hasbrouck
	HSB 270
	4/8/2011
	NMC1043754
	Esmeralda

	271
	Hasbrouck
	HSB 271
	4/8/2011
	NMC1043755
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	272
	Hasbrouck
	HSB 272
	4/8/2011
	NMC1043756
	Esmeralda

	273
	Hasbrouck
	HSB 273
	4/8/2011
	NMC1043757
	Esmeralda

	274
	Hasbrouck
	HSB 274
	4/8/2011
	NMC1043758
	Esmeralda

	275
	Hasbrouck
	HSB 275
	4/8/2011
	NMC1043759
	Esmeralda

	276
	Hasbrouck
	HSB 276
	4/8/2011
	NMC1043760
	Esmeralda

	277
	Hasbrouck
	HSB 277
	4/8/2011
	NMC1043761
	Esmeralda

	278
	Hasbrouck
	HSB 278
	4/8/2011
	NMC1043762
	Esmeralda

	279
	Hasbrouck
	HSB 279
	4/8/2011
	NMC1043763
	Esmeralda

	280
	Hasbrouck
	HSB 280
	4/8/2011
	NMC1043764
	Esmeralda

	281
	Hasbrouck
	HSB 281
	4/8/2011
	NMC1043765
	Esmeralda

	282
	Hasbrouck
	HSB 282
	4/8/2011
	NMC1043766
	Esmeralda

	283
	Hasbrouck
	HSB 283
	4/8/2011
	NMC1043767
	Esmeralda

	284
	Hasbrouck
	HSB 284
	4/8/2011
	NMC1043768
	Esmeralda

	285
	Hasbrouck
	HSB 285
	4/8/2011
	NMC1043769
	Esmeralda

	286
	Hasbrouck
	HSB 286
	4/8/2011
	NMC1043770
	Esmeralda

	287
	Hasbrouck
	HSB 287
	4/8/2011
	NMC1043771
	Esmeralda

	288
	Hasbrouck
	HSB 288
	4/8/2011
	NMC1043772
	Esmeralda

	289
	Hasbrouck
	HSB 289
	4/8/2011
	NMC1043773
	Esmeralda

	290
	Hasbrouck
	HSB 290
	4/8/2011
	NMC1043774
	Esmeralda

	291
	Hasbrouck
	HSB 291
	4/8/2011
	NMC1043775
	Esmeralda

	292
	Hasbrouck
	HSB 292
	4/8/2011
	NMC1043776
	Esmeralda

	293
	Hasbrouck
	HSB 293
	4/8/2011
	NMC1043777
	Esmeralda

	294
	Hasbrouck
	HSB 294
	4/8/2011
	NMC1043778
	Esmeralda

	295
	Hasbrouck
	HSB 295
	4/8/2011
	NMC1043779
	Esmeralda

	296
	Hasbrouck
	HSB 296
	4/8/2011
	NMC1043780
	Esmeralda

	297
	Hasbrouck
	HSB 297
	4/8/2011
	NMC1043781
	Esmeralda

	298
	Hasbrouck
	HSB 298
	4/8/2011
	NMC1043782
	Esmeralda

	299
	Hasbrouck
	HSB 299
	4/8/2011
	NMC1043783
	Esmeralda

	300
	Hasbrouck
	HSB 300
	4/8/2011
	NMC1043784
	Esmeralda

	301
	Hasbrouck
	HSB 301
	4/8/2011
	NMC1043785
	Esmeralda

	302
	Hasbrouck
	HSB 302
	4/8/2011
	NMC1043786
	Esmeralda

	303
	Hasbrouck
	HSB 303
	4/8/2011
	NMC1043787
	Esmeralda

	304
	Hasbrouck
	HSB 304
	4/8/2011
	NMC1043788
	Esmeralda

	305
	Hasbrouck
	HSB 305
	4/8/2011
	NMC1043789
	Esmeralda

	306
	Hasbrouck
	HSB 306
	4/8/2011
	NMC1043790
	Esmeralda

	307
	Hasbrouck
	HSB 307
	4/8/2011
	NMC1043791
	Esmeralda

	308
	Hasbrouck
	HSB 308
	4/8/2011
	NMC1043792
	Esmeralda

	309
	Hasbrouck
	HSB 309
	4/8/2011
	NMC1043793
	Esmeralda

	310
	Hasbrouck
	HSB 310
	4/8/2011
	NMC1043794
	Esmeralda

	311
	Hasbrouck
	HSB 311
	4/8/2011
	NMC1043795
	Esmeralda

	312
	Hasbrouck
	HSB 312
	4/8/2011
	NMC1043796
	Esmeralda

	313
	Hasbrouck
	HSB 313
	4/8/2011
	NMC1043797
	Esmeralda

	314
	Hasbrouck
	HSB 314
	4/8/2011
	NMC1043798
	Esmeralda

	315
	Hasbrouck
	HSB 315
	4/8/2011
	NMC1043799
	Esmeralda

	316
	Hasbrouck
	HSB 316
	4/8/2011
	NMC1043800
	Esmeralda

	317
	Hasbrouck
	HSB 317
	4/8/2011
	NMC1043801
	Esmeralda

	318
	Hasbrouck
	HSB 318
	4/8/2011
	NMC1043802
	Esmeralda

	319
	Hasbrouck
	HSB 319
	4/8/2011
	NMC1043803
	Esmeralda

	320
	Hasbrouck
	HSB 320
	4/8/2011
	NMC1043804
	Esmeralda

	321
	Hasbrouck
	HSB 321
	4/8/2011
	NMC1043805
	Esmeralda

	322
	Hasbrouck
	HSB 322
	4/8/2011
	NMC1043806
	Esmeralda

	323
	Hasbrouck
	HSB 323
	4/8/2011
	NMC1043807
	Esmeralda

	324
	Hasbrouck
	HSB 324
	4/8/2011
	NMC1043808
	Esmeralda

	325
	Hasbrouck
	HSB 325
	4/8/2011
	NMC1043809
	Esmeralda

	326
	Hasbrouck
	HSB 326
	4/8/2011
	NMC1043810
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	327
	Hasbrouck
	HSB 327
	4/8/2011
	NMC1043811
	Esmeralda

	328
	Hasbrouck
	HSB 328
	4/8/2011
	NMC1043812
	Esmeralda

	329
	Hasbrouck
	HSB 329
	4/8/2011
	NMC1043813
	Esmeralda

	330
	Hasbrouck
	HSB 330
	4/8/2011
	NMC1043814
	Esmeralda

	331
	Hasbrouck
	HSB 331
	4/8/2011
	NMC1043815
	Esmeralda

	332
	Hasbrouck
	HSB 332
	4/8/2011
	NMC1043816
	Esmeralda

	333
	Hasbrouck
	HSB 333
	4/8/2011
	NMC1043817
	Esmeralda

	334
	Hasbrouck
	HSB 334
	4/8/2011
	NMC1043818
	Esmeralda

	335
	Hasbrouck
	HSB 335
	4/8/2011
	NMC1043819
	Esmeralda

	336
	Hasbrouck
	HSB 336
	4/8/2011
	NMC1043820
	Esmeralda

	337
	Hasbrouck
	HSB 337
	4/8/2011
	NMC1043821
	Esmeralda

	338
	Hasbrouck
	HSB 338
	4/8/2011
	NMC1043822
	Esmeralda

	339
	Hasbrouck
	HSB 339
	4/8/2011
	NMC1043823
	Esmeralda

	340
	Hasbrouck
	HSB 340
	4/8/2011
	NMC1043824
	Esmeralda

	341
	Hasbrouck
	HSB 341
	4/8/2011
	NMC1043825
	Esmeralda

	342
	Hasbrouck
	HSB 342
	4/8/2011
	NMC1043826
	Esmeralda

	343
	Hasbrouck
	HSB 343
	4/8/2011
	NMC1043827
	Esmeralda

	344
	Hasbrouck
	HSB 344
	4/8/2011
	NMC1043828
	Esmeralda

	345
	Hasbrouck
	HSB 345
	4/8/2011
	NMC1043829
	Esmeralda

	346
	Hasbrouck
	HSB 346
	4/8/2011
	NMC1043830
	Esmeralda

	347
	Hasbrouck
	HSB 347
	4/8/2011
	NMC1043831
	Esmeralda

	348
	Hasbrouck
	HSB 348
	4/8/2011
	NMC1043832
	Esmeralda

	349
	Hasbrouck
	HSB 349
	4/8/2011
	NMC1043833
	Esmeralda

	350
	Hasbrouck
	HSB 350
	4/8/2011
	NMC1043834
	Esmeralda

	351
	Hasbrouck
	HSB 351
	4/8/2011
	NMC1043835
	Esmeralda

	352
	Hasbrouck
	HSB 352
	4/8/2011
	NMC1043836
	Esmeralda

	353
	Hasbrouck
	HSB 353
	4/8/2011
	NMC1043837
	Esmeralda

	354
	Hasbrouck
	HSB 354
	4/8/2011
	NMC1043838
	Esmeralda

	355
	Hasbrouck
	HSB 355
	4/8/2011
	NMC1043839
	Esmeralda

	356
	Hasbrouck
	HSB 356
	4/8/2011
	NMC1043840
	Esmeralda

	357
	Hasbrouck
	HSB 357
	4/8/2011
	NMC1043841
	Esmeralda

	358
	Hasbrouck
	HSB 358
	4/8/2011
	NMC1043842
	Esmeralda

	359
	Hasbrouck
	HSB 359
	4/8/2011
	NMC1043843
	Esmeralda

	360
	Hasbrouck
	HSB 360
	4/8/2011
	NMC1043844
	Esmeralda

	361
	Hasbrouck
	HSB 361
	4/8/2011
	NMC1043845
	Esmeralda

	362
	Hasbrouck
	HSB 362
	4/8/2011
	NMC1043846
	Esmeralda

	363
	Hasbrouck
	HSB 363
	4/8/2011
	NMC1043847
	Esmeralda

	364
	Hasbrouck
	HSB 364
	4/8/2011
	NMC1043848
	Esmeralda

	365
	Hasbrouck
	HSB 365
	4/8/2011
	NMC1043849
	Esmeralda

	366
	Hasbrouck
	HSB 366
	4/7/2011
	NMC1043850
	Esmeralda

	367
	Hasbrouck
	HSB 367
	4/7/2011
	NMC1043851
	Esmeralda

	368
	Hasbrouck
	HSB 368
	4/7/2011
	NMC1043852
	Esmeralda

	369
	Hasbrouck
	HSB 369
	4/7/2011
	NMC1043853
	Esmeralda

	370
	Hasbrouck
	HSB 370
	4/7/2011
	NMC1043854
	Esmeralda

	371
	Hasbrouck
	HSB 371
	4/7/2011
	NMC1043855
	Esmeralda

	372
	Hasbrouck
	HSB 372
	4/7/2011
	NMC1043856
	Esmeralda

	373
	Hasbrouck
	HSB 373
	4/7/2011
	NMC1043857
	Esmeralda

	374
	Hasbrouck
	HSB 374
	4/7/2011
	NMC1043858
	Esmeralda

	375
	Hasbrouck
	HSB 375
	4/7/2011
	NMC1043859
	Esmeralda

	376
	Hasbrouck
	HSB 376
	4/7/2011
	NMC1043860
	Esmeralda

	377
	Hasbrouck
	HSB 377
	4/7/2011
	NMC1043861
	Esmeralda

	378
	Hasbrouck
	HSB 378
	4/7/2011
	NMC1043862
	Esmeralda

	379
	Hasbrouck
	HSB 379
	4/7/2011
	NMC1043863
	Esmeralda

	380
	Hasbrouck
	HSB 380
	4/8/2011
	NMC1043864
	Esmeralda

	381
	Hasbrouck
	HSB 381
	4/8/2011
	NMC1043865
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	382
	Hasbrouck
	HSB 382
	4/8/2011
	NMC1043866
	Esmeralda

	383
	Hasbrouck
	HSB 383
	4/8/2011
	NMC1043867
	Esmeralda

	384
	Hasbrouck
	HSB 384
	4/8/2011
	NMC1043868
	Esmeralda

	385
	Hasbrouck
	HSB 385
	4/7/2011
	NMC1043869
	Esmeralda

	386
	Hasbrouck
	HSB 386
	4/7/2011
	NMC1043870
	Esmeralda

	387
	Hasbrouck
	HSB 387
	4/7/2011
	NMC1043871
	Esmeralda

	388
	Hasbrouck
	HSB 388
	4/7/2011
	NMC1043872
	Esmeralda

	389
	Hasbrouck
	HSB 389
	4/7/2011
	NMC1043873
	Esmeralda

	390
	Hasbrouck
	HSB 390
	4/7/2011
	NMC1043874
	Esmeralda

	391
	Hasbrouck
	HSB 391
	4/7/2011
	NMC1043875
	Esmeralda

	392
	Hasbrouck
	HSB 392
	4/7/2011
	NMC1043876
	Esmeralda

	393
	Hasbrouck
	HSB 393
	4/7/2011
	NMC1043877
	Esmeralda

	394
	Hasbrouck
	HSB 394
	4/7/2011
	NMC1043878
	Esmeralda

	395
	Hasbrouck
	HSB 395
	4/7/2011
	NMC1043879
	Esmeralda

	396
	Hasbrouck
	HSB 396
	4/7/2011
	NMC1043880
	Esmeralda

	397
	Hasbrouck
	HSB 397
	4/7/2011
	NMC1043881
	Esmeralda

	398
	Hasbrouck
	HSB 398
	4/7/2011
	NMC1043882
	Esmeralda

	399
	Hasbrouck
	HSB 399
	4/7/2011
	NMC1043883
	Esmeralda

	400
	Hasbrouck
	HSB 400
	4/7/2011
	NMC1043884
	Esmeralda

	401
	Hasbrouck
	HSB 401
	4/7/2011
	NMC1043885
	Esmeralda

	402
	Hasbrouck
	HSB 402
	4/7/2011
	NMC1043886
	Esmeralda

	403
	Hasbrouck
	HSB 403
	4/7/2011
	NMC1043887
	Esmeralda

	404
	Hasbrouck
	HSB 404
	4/7/2011
	NMC1043888
	Esmeralda

	405
	Hasbrouck
	HSB 405
	4/7/2011
	NMC1043889
	Esmeralda

	406
	Hasbrouck
	HSB 406
	4/7/2011
	NMC1043890
	Esmeralda

	407
	Hasbrouck
	HSB 407
	4/7/2011
	NMC1043891
	Esmeralda

	408
	Hasbrouck
	HSB 408
	4/7/2011
	NMC1043892
	Esmeralda

	409
	Hasbrouck
	HSB 409
	4/7/2011
	NMC1043893
	Esmeralda

	410
	Hasbrouck
	HSB 410
	4/7/2011
	NMC1043894
	Esmeralda

	411
	Hasbrouck
	HSB 411
	4/7/2011
	NMC1043895
	Esmeralda

	412
	Hasbrouck
	HSB 412
	4/7/2011
	NMC1043896
	Esmeralda

	413
	Hasbrouck
	HSB 413
	4/7/2011
	NMC1043897
	Esmeralda

	414
	Hasbrouck
	HSB 414
	4/7/2011
	NMC1043898
	Esmeralda

	415
	Hasbrouck
	HSB 415
	4/7/2011
	NMC1043899
	Esmeralda

	416
	Hasbrouck
	HSB 416
	4/7/2011
	NMC1043900
	Esmeralda

	417
	Hasbrouck
	HSB 417
	4/7/2011
	NMC1043901
	Esmeralda

	418
	Hasbrouck
	HSB 418
	4/7/2011
	NMC1043902
	Esmeralda

	419
	Hasbrouck
	HSB 419
	4/7/2011
	NMC1043903
	Esmeralda

	420
	Hasbrouck
	HSB 420
	4/7/2011
	NMC1043904
	Esmeralda

	421
	Hasbrouck
	HSB 421
	4/7/2011
	NMC1043905
	Esmeralda

	422
	Hasbrouck
	HSB 422
	4/7/2011
	NMC1043906
	Esmeralda

	423
	Hasbrouck
	HSB 423
	4/7/2011
	NMC1043907
	Esmeralda

	424
	Hasbrouck
	HSB 424
	4/7/2011
	NMC1043908
	Esmeralda

	425
	Hasbrouck
	HSB 427
	4/7/2011
	NMC1043911
	Esmeralda

	426
	Hasbrouck
	HSB 428
	4/7/2011
	NMC1043912
	Esmeralda

	427
	Hasbrouck
	MLTDR
	08/27/13
	NMC 1094006
	Esmeralda

	428
	Hasbrouck
	MLTD1R
	08/27/13
	NMC 1094005
	Esmeralda

	429
	Hasbrouck
	NHD #1
	08/13/87
	NMC 429920
	Esmeralda

	430
	Hasbrouck
	NHD #3
	08/14/87
	NMC 429922
	Esmeralda

	431
	Hasbrouck
	NHD #5
	08/14/87
	NMC 429924
	Esmeralda

	432
	Hasbrouck
	NHD #6
	08/14/87
	NMC 429925
	Esmeralda

	433
	Hasbrouck
	NHD #10
	08/14/87
	NMC 429927
	Esmeralda

	434
	Hasbrouck
	NHD #18
	08/14/87
	NMC 429930
	Esmeralda

	435
	Hasbrouck
	NHD #28
	08/14/87
	NMC 429931
	Esmeralda

	436
	Hasbrouck
	NHD-7
	01/05/88
	NMC 461706
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	437
	Hasbrouck
	NHD #8
	01/05/88
	NMC 461707
	Esmeralda

	438
	Hasbrouck
	NHD #12
	01/05/88
	NMC 461708
	Esmeralda

	439
	Hasbrouck
	NHD #132
	11/12/87
	NMC 461745
	Esmeralda

	440
	Hasbrouck
	NHD #173
	11/14/87
	NMC 461786
	Esmeralda

	441
	Hasbrouck
	NHD #174
	11/14/87
	NMC 461787
	Esmeralda

	442
	Hasbrouck
	NHD #175
	11/14/87
	NMC 461788
	Esmeralda

	443
	Hasbrouck
	NHD #176
	11/17/87
	NMC 461789
	Esmeralda

	444
	Hasbrouck
	NHD #178
	11/15/87
	NMC 461790
	Esmeralda

	445
	Hasbrouck
	NHD #179
	11/15/87
	NMC 461791
	Esmeralda

	446
	Hasbrouck
	NHD #190
	11/17/87
	NMC 461796
	Esmeralda

	447
	Hasbrouck
	NHD #191
	11/17/87
	NMC 461797
	Esmeralda

	448
	Hasbrouck
	NHD #192
	11/17/87
	NMC 461798
	Esmeralda

	449
	Hasbrouck
	NHD #193
	11/17/87
	NMC 461799
	Esmeralda

	450
	Hasbrouck
	NHD #194
	11/17/87
	NMC 461800
	Esmeralda

	451
	Hasbrouck
	NHD #195
	11/15/87
	NMC 461801
	Esmeralda

	452
	Hasbrouck
	NHD #196
	11/15/87
	NMC 461802
	Esmeralda

	453
	Hasbrouck
	NHD #197
	11/15/87
	NMC 461803
	Esmeralda

	454
	Hasbrouck
	NHD #198
	11/15/87
	NMC 461804
	Esmeralda

	455
	Hasbrouck
	NHD #199
	11/15/87
	NMC 461805
	Esmeralda

	456
	Hasbrouck
	NHD #200
	11/17/87
	NMC 461806
	Esmeralda

	457
	Hasbrouck
	NHD #203
	11/16/87
	NMC 461809
	Esmeralda

	458
	Hasbrouck
	NHD #204
	11/16/87
	NMC 461810
	Esmeralda

	459
	Hasbrouck
	NHD #206
	01/05/88
	NMC 461812
	Esmeralda

	460
	Hasbrouck
	NHD #207
	01/05/88
	NMC 461813
	Esmeralda

	461
	Hasbrouck
	NHD #212
	01/07/88
	NMC 461818
	Esmeralda

	462
	Hasbrouck
	New Little Butte
	09/23/92
	NMC 670365
	Esmeralda

	463
	Hasbrouck
	New Ltl Butte Frac
	09/23/92
	NMC 670366
	Esmeralda

	464
	Hasbrouck
	NHD 154M
	05/09/95
	NMC 718388
	Esmeralda

	465
	Hasbrouck
	NHD 155M
	05/09/95
	NMC 718389
	Esmeralda

	466
	Hasbrouck
	NHD 156M
	05/09/95
	NMC 718390
	Esmeralda

	467
	Hasbrouck
	NHD 157M
	05/09/95
	NMC 718391
	Esmeralda

	468
	Hasbrouck
	NHD 158M
	05/09/95
	NMC 718392
	Esmeralda

	469
	Hasbrouck
	NHD 159M
	05/09/95
	NMC 718393
	Esmeralda

	470
	Hasbrouck
	NHD 169M
	05/09/95
	NMC 718394
	Esmeralda

	471
	Hasbrouck
	NHD 171M
	05/09/95
	NMC 718395
	Esmeralda

	472
	Hasbrouck
	NHD 186M
	05/09/95
	NMC 718396
	Esmeralda

	473
	Hasbrouck
	NHD 187M
	05/09/95
	NMC 718397
	Esmeralda

	474
	Hasbrouck
	NHD 188M
	05/09/95
	NMC 718398
	Esmeralda

	475
	Hasbrouck
	NHD 189M
	05/09/95
	NMC 718399
	Esmeralda

	476
	Hasbrouck
	NHD #167J
	10/28/95
	NMC 730689
	Esmeralda

	477
	Hasbrouck
	TP 1
	08/18/03
	NMC 853864
	Esmeralda

	478
	Hasbrouck
	TP 2
	08/18/03
	NMC 853865
	Esmeralda

	479
	Hasbrouck
	FF 1
	1/22/2011
	NMC1041621
	Esmeralda

	480
	Hasbrouck
	FF 2
	1/22/2011
	NMC1041622
	Esmeralda

	481
	Hasbrouck
	FF 3
	1/22/2011
	NMC1041623
	Esmeralda

	482
	Hasbrouck
	FF 4
	1/22/2011
	NMC1041624
	Esmeralda

	483
	Hasbrouck
	FF 5
	1/22/2011
	NMC1041625
	Esmeralda

	484
	Hasbrouck
	FF 6
	1/22/2011
	NMC1041626
	Esmeralda

	485
	Hasbrouck
	FF 7
	1/22/2011
	NMC1041627
	Esmeralda

	486
	Hasbrouck
	FF 8
	1/22/2011
	NMC1041628
	Esmeralda

	487
	Hasbrouck
	FF 9
	1/22/2011
	NMC1041629
	Esmeralda

	488
	Hasbrouck
	FF 10
	1/22/2011
	NMC1041630
	Esmeralda

	489
	Hasbrouck
	FF 11
	1/22/2011
	NMC1041631
	Esmeralda

	490
	Hasbrouck
	FF 12
	1/23/2011
	NMC1041632
	Esmeralda

	491
	Hasbrouck
	FF 13
	1/23/2011
	NMC1041633
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	492
	Hasbrouck
	FF 14
	1/23/2011
	NMC1041634
	Esmeralda

	493
	Hasbrouck
	FF 15
	1/24/2011
	NMC1041635
	Esmeralda

	494
	Hasbrouck
	FF 16
	1/24/2011
	NMC1041636
	Esmeralda

	495
	Hasbrouck
	FF 17
	1/24/2011
	NMC1041637
	Esmeralda

	496
	Hasbrouck
	FF 19
	1/24/2011
	NMC1041638
	Esmeralda

	497
	Hasbrouck
	FF 20
	1/25/2011
	NMC1041639
	Esmeralda

	498
	Hasbrouck
	FF 21
	1/25/2011
	NMC1041640
	Esmeralda

	499
	Hasbrouck
	FF 22
	4/12/2011
	NMC1041641
	Esmeralda

	500
	Hasbrouck
	HAS 1
	6/6/2010
	NMC 1026485
	Esmeralda

	501
	Hasbrouck
	HAS 2
	6/6/2010
	NMC 1026486
	Esmeralda

	502
	Hasbrouck
	HAS 3
	6/6/2010
	NMC 1026487
	Esmeralda

	503
	Hasbrouck
	HAS 4
	6/6/2010
	NMC 1026488
	Esmeralda

	504
	Hasbrouck
	HAS 5
	6/6/2010
	NMC 1026489
	Esmeralda

	505
	Hasbrouck
	HAS 6
	6/6/2010
	NMC 1026490
	Esmeralda

	506
	Hasbrouck
	HAS 7
	6/6/2010
	NMC 1026491
	Esmeralda

	507
	Hasbrouck
	HAS 8
	6/6/2010
	NMC 1026492
	Esmeralda

	508
	Hasbrouck
	HAS 9
	6/6/2010
	NMC 1026493
	Esmeralda

	509
	Hasbrouck
	HAS 10
	6/6/2010
	NMC 1026494
	Esmeralda

	510
	Hasbrouck
	HAS 11
	6/6/2010
	NMC 1026495
	Esmeralda

	511
	Hasbrouck
	HAS 12
	6/6/2010
	NMC 1026496
	Esmeralda

	512
	Hasbrouck
	HAS 13
	6/6/2010
	NMC 1026497
	Esmeralda

	513
	Hasbrouck
	HAS 14
	6/6/2010
	NMC 1026498
	Esmeralda

	514
	Hasbrouck
	HAS 15
	6/6/2010
	NMC 1026499
	Esmeralda

	515
	Hasbrouck
	HAS 16
	6/6/2010
	NMC 1026500
	Esmeralda

	516
	Hasbrouck
	HAS 17
	6/6/2010
	NMC 1026501
	Esmeralda

	517
	Hasbrouck
	HAS 18
	6/6/2010
	NMC 1026502
	Esmeralda

	518
	Hasbrouck
	HAS 19
	6/6/2010
	NMC 1026503
	Esmeralda

	519
	Hasbrouck
	HAS 20
	6/6/2010
	NMC 1026504
	Esmeralda

	520
	Hasbrouck
	HAS 21
	6/6/2010
	NMC 1026505
	Esmeralda

	521
	Hasbrouck
	HAS 22
	6/6/2010
	NMC 1026506
	Esmeralda

	522
	Hasbrouck
	HAS 23
	6/6/2010
	NMC 1026507
	Esmeralda

	523
	Hasbrouck
	HAS 24
	6/6/2010
	NMC 1026508
	Esmeralda

	524
	Hasbrouck
	HAS 25
	6/6/2010
	NMC 1026509
	Esmeralda

	525
	Hasbrouck
	HAS 26
	6/6/2010
	NMC 1026510
	Esmeralda

	526
	Hasbrouck
	HAS 27
	6/6/2010
	NMC 1026511
	Esmeralda

	527
	Hasbrouck
	HAS 28
	6/6/2010
	NMC 1026512
	Esmeralda

	528
	Hasbrouck
	HAS 29
	6/6/2010
	NMC 1026513
	Esmeralda

	529
	Hasbrouck
	HAS 30
	6/6/2010
	NMC 1026514
	Esmeralda

	530
	Hasbrouck
	HAS 31
	6/6/2010
	NMC 1026515
	Esmeralda

	531
	Hasbrouck
	HAS 32
	6/6/2010
	NMC 1026516
	Esmeralda

	532
	Hasbrouck
	HAS 33
	6/6/2010
	NMC 1026517
	Esmeralda

	533
	Hasbrouck
	HAS 34
	6/6/2010
	NMC 1026518
	Esmeralda

	534
	Hasbrouck
	HAS 35
	6/6/2010
	NMC 1026519
	Esmeralda

	535
	Hasbrouck
	HAS 36
	6/6/2010
	NMC 1026520
	Esmeralda

	536
	Hasbrouck
	HAS 37
	6/6/2010
	NMC 1026521
	Esmeralda

	537
	Hasbrouck
	HAS 38
	6/6/2010
	NMC 1026522
	Esmeralda

	538
	Hasbrouck
	HAS 39
	6/6/2010
	NMC 1026523
	Esmeralda

	539
	Hasbrouck
	HAS 40
	6/6/2010
	NMC 1026524
	Esmeralda

	540
	Hasbrouck
	HAS 41
	6/6/2010
	NMC 1026525
	Esmeralda

	541
	Hasbrouck
	HAS 42
	6/6/2010
	NMC 1026526
	Esmeralda

	542
	Hasbrouck
	HAS 43
	6/6/2010
	NMC 1026527
	Esmeralda

	543
	Hasbrouck
	HAS 44
	6/6/2010
	NMC 1026528
	Esmeralda

	544
	Hasbrouck
	HAS 45
	6/6/2010
	NMC 1026529
	Esmeralda

	545
	Hasbrouck
	HAS 46
	6/6/2010
	NMC 1026530
	Esmeralda

	546
	Hasbrouck
	HAS 47
	6/6/2010
	NMC 1026531
	Esmeralda

Exhibit 10.1 Letter Agreement

	
						
	547
	Hasbrouck
	HAS 48
	6/6/2010
	NMC 1026532
	Esmeralda

	548
	Hasbrouck
	HAS 49
	6/6/2010
	NMC 1026533
	Esmeralda

	549
	Hasbrouck
	HAS 50
	6/6/2010
	NMC 1026534
	Esmeralda

	550
	Hasbrouck
	HAS 51
	6/6/2010
	NMC 1026535
	Esmeralda

	551
	Hasbrouck
	HAS 52
	6/6/2010
	NMC 1026536
	Esmeralda

	552
	Hasbrouck
	HAS 53
	6/6/2010
	NMC 1026537
	Esmeralda

	553
	Hasbrouck
	HAS 54
	6/6/2010
	NMC 1026538
	Esmeralda

	554
	Hasbrouck
	HAS 55
	6/6/2010
	NMC 1026539
	Esmeralda

	555
	Hasbrouck
	HAS 56
	6/6/2010
	NMC 1026540
	Esmeralda

	556
	Hasbrouck
	HAS 57
	6/6/2010
	NMC 1026541
	Esmeralda

	557
	Hasbrouck
	HAS 58
	6/6/2010
	NMC 1026542
	Esmeralda

	558
	Hasbrouck
	HAS 59
	6/6/2010
	NMC 1026543
	Esmeralda

	559
	Hasbrouck
	HSR 2
	7/21/2011
	NMC 1054626
	Esmeralda

	560
	Hasbrouck
	HSR 3
	7/21/2011
	NMC 1054627
	Esmeralda

	561
	Hasbrouck
	HSR 15
	7/20/2011
	NMC 1054628
	Esmeralda

	562
	Hasbrouck
	HSR 28
	7/21/2011
	NMC 1054629
	Esmeralda

	563
	Hasbrouck
	HSR 29
	7/21/2011
	NMC 1054630
	Esmeralda

	564
	Hasbrouck
	HSR 37
	7/21/2011
	NMC 1054631
	Esmeralda

	565
	Hasbrouck
	HSR 38
	7/21/2011
	NMC 1054632
	Esmeralda

	566
	Hasbrouck
	HSR 39
	7/21/2011
	NMC 1054633
	Esmeralda

	567
	Hasbrouck
	HSR 44
	7/21/2011
	NMC 1054634
	Esmeralda

	568
	Hasbrouck
	HSR 45
	7/21/2011
	NMC 1054635
	Esmeralda

	569
	Hasbrouck
	HSR 46
	7/21/2011
	NMC 1054636
	Esmeralda

	570
	Hasbrouck
	HSR 47
	7/21/2011
	NMC 1054637
	Esmeralda

	571
	Hasbrouck
	HSR 48
	7/21/2011
	NMC 1054638
	Esmeralda

	572
	Hasbrouck
	HSR 49
	7/21/2011
	NMC 1054639
	Esmeralda

	573
	Hasbrouck
	HSR 50
	7/21/2011
	NMC 1054640
	Esmeralda

	574
	Hasbrouck
	HSR 51
	7/21/2011
	NMC 1054641
	Esmeralda

	575
	Hasbrouck
	HSR 52
	7/21/2011
	NMC 1054642
	Esmeralda

	576
	Hasbrouck
	HSR 53
	7/21/2011
	NMC 1054643
	Esmeralda

	577
	Hasbrouck
	HSR 54
	7/21/2011
	NMC 1054644
	Esmeralda

	578
	Hasbrouck
	HSR 55
	7/21/2011
	NMC 1054645
	Esmeralda

	579
	Hasbrouck
	HSR 195
	7/21/2011
	NMC 1054646
	Esmeralda

	580
	Hasbrouck
	HSR 299
	7/21/2011
	NMC 1054647
	Esmeralda

	581
	Hasbrouck
	HSR 300
	7/21/2011
	NMC 1054648
	Esmeralda

	582
	Hasbrouck
	HSR 301
	7/21/2011
	NMC 1054649
	Esmeralda

	583
	Hasbrouck
	HSR 302
	7/21/2011
	NMC 1054650
	Esmeralda

	1
	Three Hills
	Three Hills #1
	02/14/74
	NMC 82240
	Esmeralda 

	2
	Three Hills
	Three Hills #2
	02/14/74
	NMC 82241
	Esmeralda 

	3
	Three Hills
	Three Hills #3
	02/14/74
	NMC 82242
	Esmeralda 

	4
	Three Hills
	Three Hills #4
	02/14/74
	NMC 82243
	Esmeralda 

	5
	Three Hills
	Three Hills #5
	02/14/74
	NMC 82244
	Esmeralda 

	6
	Three Hills
	Three Hills #6
	02/14/74
	NMC 82245
	Esmeralda 

	7
	Three Hills
	Three Hills #7
	02/14/74
	NMC 82246
	Esmeralda 

	8
	Three Hills
	ABA #15
	12/15/75
	NMC 82247
	Esmeralda 

	9
	Three Hills
	ABA #16
	12/15/75
	NMC 82248
	Esmeralda 

	10
	Three Hills
	ABA #17
	12/15/75
	NMC 82249
	Esmeralda 

	11
	Three Hills
	ABA #18
	12/15/75
	NMC 82250
	Esmeralda 

	12
	Three Hills
	ABA #19
	12/15/75
	NMC 82251
	Esmeralda 

	13
	Three Hills
	ABA #24
	12/15/75
	NMC 82252
	Esmeralda 

	14
	Three Hills
	ABA #25
	12/15/75
	NMC 82253
	Esmeralda 

	15
	Three Hills
	ABA #26
	12/15/75
	NMC 82254
	Esmeralda 

	16
	Three Hills
	TH 1
	4/16/2012
	NMC1072691
	Esmeralda 

	17
	Three Hills
	TH 2
	4/16/2012
	NMC1072692
	Esmeralda 

	18
	Three Hills
	TH 3
	4/16/2012
	NMC1072693
	Esmeralda 

Exhibit 10.1 Letter Agreement

	
						
	19
	Three Hills
	TH 4
	4/16/2012
	NMC1072694
	Esmeralda 

	20
	Three Hills
	TH 5
	4/16/2012
	NMC1072695
	Esmeralda 

	21
	Three Hills
	TH 6
	4/16/2012
	NMC1072696
	Esmeralda 

	22
	Three Hills
	TH 7
	4/16/2012
	NMC1072697
	Esmeralda 

	23
	Three Hills
	TH 8
	4/16/2012
	NMC1072698
	Esmeralda 

	24
	Three Hills
	TH 9
	4/16/2012
	NMC1072699
	Esmeralda 

	25
	Three Hills
	TH 10
	4/16/2012
	NMC1072700
	Esmeralda 

	26
	Three Hills
	TH 11
	4/16/2012
	NMC1072701
	Esmeralda 

	27
	Three Hills
	TH 12
	4/16/2012
	NMC1072702
	Esmeralda 

	28
	Three Hills
	TH 13
	4/16/2012
	NMC1072703
	Esmeralda 

	29
	Three Hills
	TH 14
	4/16/2012
	NMC1072704
	Esmeralda 

	30
	Three Hills
	TH 15
	4/16/2012
	NMC1072705
	Esmeralda 

	31
	Three Hills
	TH 16
	4/16/2012
	NMC1072706
	Esmeralda 

	32
	Three Hills
	TH 17
	4/16/2012
	NMC1072707
	Esmeralda 

	33
	Three Hills
	TH 18
	4/16/2012
	NMC1072708
	Esmeralda 

	34
	Three Hills
	TH 19
	4/16/2012
	NMC1072709
	Esmeralda 

	35
	Three Hills
	TH 20
	4/16/2012
	NMC1072710
	Esmeralda 

	36
	Three Hills
	TH 21
	4/16/2012
	NMC1072711
	Esmeralda 

	37
	Three Hills
	TH 22
	4/16/2012
	NMC1072712
	Esmeralda 

	38
	Three Hills
	TH 23
	4/16/2012
	NMC1072713
	Esmeralda 

	39
	Three Hills
	TH 24
	4/16/2012
	NMC1072714
	Esmeralda 

	40
	Three Hills
	TH 25
	4/16/2012
	NMC1072715
	Esmeralda 

	41
	Three Hills
	TH 26
	4/16/2012
	NMC1072716
	Esmeralda 

	42
	Three Hills
	TH 27
	4/16/2012
	NMC1072717
	Esmeralda 

	43
	Three Hills
	TH 28
	4/16/2012
	NMC1072718
	Esmeralda 

	44
	Three Hills
	TH 29
	4/16/2012
	NMC1072719
	Esmeralda 

	45
	Three Hills
	TH 30
	4/16/2012
	NMC1072720
	Esmeralda 

	46
	Three Hills
	TH 31
	4/17/2012
	NMC1072721
	Esmeralda 

	47
	Three Hills
	TH 32
	4/17/2012
	NMC1072722
	Esmeralda 

	48
	Three Hills
	TH 33
	4/17/2012
	NMC1072723
	Esmeralda 

	49
	Three Hills
	TH 34
	4/17/2012
	NMC1072724
	Esmeralda 

	50
	Three Hills
	TH 35
	4/17/2012
	NMC1072725
	Esmeralda 

	51
	Three Hills
	TH 36
	4/17/2012
	NMC1072726
	Esmeralda 

	52
	Three Hills
	TH 37
	4/17/2012
	NMC1072727
	Esmeralda 

	53
	Three Hills
	TH 38
	4/17/2012
	NMC1072728
	Esmeralda 

	54
	Three Hills
	TH 39
	4/17/2012
	NMC1072729
	Esmeralda 

	55
	Three Hills
	TH 40
	4/17/2012
	NMC1072730
	Esmeralda 

	56
	Three Hills
	TH 41
	4/17/2012
	NMC1072731
	Esmeralda 

	57
	Three Hills
	TH 42
	4/17/2012
	NMC1072732
	Esmeralda 

	58
	Three Hills
	TH 43
	4/17/2012
	NMC1072733
	Esmeralda 

	59
	Three Hills
	TH 44
	4/17/2012
	NMC1072734
	Nye and Esmeralda 

	60
	Three Hills
	TH 45
	4/17/2012
	NMC1072735
	Esmeralda 

	61
	Three Hills
	TH 46
	4/17/2012
	NMC1072736
	Nye and Esmeralda 

	62
	Three Hills
	TH 47
	4/17/2012
	NMC1072737
	Esmeralda 

	63
	Three Hills
	TH 48
	4/17/2012
	NMC1072738
	Nye and Esmeralda 

	64
	Three Hills
	TH 49
	4/17/2012
	NMC1072739
	Esmeralda 

	65
	Three Hills
	TH 50
	4/17/2012
	NMC1072740
	Nye and Esmeralda 

	66
	Three Hills
	TH 51
	4/17/2012
	NMC1072741
	Esmeralda 

	67
	Three Hills
	TH 52
	4/17/2012
	NMC1072742
	Nye and Esmeralda 

	68
	Three Hills
	TH 53
	4/17/2012
	NMC1072743
	Esmeralda 

	69
	Three Hills
	TH 54
	4/17/2012
	NMC1072744
	Nye and Esmeralda 

Exhibit 10.1 Letter Agreement

	
						
	70
	Three Hills
	TH 55
	4/17/2012
	NMC1072745
	Esmeralda 

	71
	Three Hills
	TH 56
	4/17/2012
	NMC1072746
	Nye and Esmeralda 

	72
	Three Hills
	TH 57
	4/17/2012
	NMC1072747
	Esmeralda 

	73
	Three Hills
	TH 58
	4/17/2012
	NMC1072748
	Nye and Esmeralda 

	74
	Three Hills
	TH 59
	4/17/2012
	NMC1072749
	Esmeralda 

	75
	Three Hills
	TH 60
	4/17/2012
	NMC1072750
	Nye and Esmeralda 

	76
	Three Hills
	TH 61
	4/17/2012
	NMC1072751
	Nye and Esmeralda 

	77
	Three Hills
	TH 61A
	3/22/2013
	NMC1089460
	Esmeralda 

	78
	Three Hills
	TH 62
	3/22/2013
	NMC1089461
	Esmeralda 

	79
	Three Hills
	TH 63
	3/22/2013
	NMC1089462
	Esmeralda 

	80
	Three Hills
	TH 64
	3/22/2013
	NMC1089463
	Esmeralda 

	81
	Three Hills
	TH 65
	3/22/2013
	NMC1089464
	Esmeralda 

	82
	Three Hills
	TH 66
	3/22/2013
	NMC1089465
	Esmeralda 

	83
	Three Hills
	TH 67
	3/22/2013
	NMC1089466
	Esmeralda 

	84
	Three Hills
	TH 68
	3/22/2013
	NMC1089467
	Esmeralda 

	85
	Three Hills
	TH 69
	3/22/2013
	NMC1089468
	Esmeralda 

	86
	Three Hills
	TH 70
	3/22/2013
	NMC1089469
	Esmeralda 

	87
	Three Hills
	TH 71
	3/22/2013
	NMC1089470
	Esmeralda 

	88
	Three Hills
	TH 72
	3/22/2013
	NMC1089471
	Esmeralda 

	89
	Three Hills
	TH 73
	3/22/2013
	NMC1089472
	Esmeralda 

	90
	Three Hills
	TH 74
	3/22/2013
	NMC1089473
	Esmeralda 

	91
	Three Hills
	TH 75
	3/22/2013
	NMC1089474
	Esmeralda 

	92
	Three Hills
	TH 76
	3/22/2013
	NMC1089475
	Esmeralda 

	93
	Three Hills
	TH 77
	3/22/2013
	NMC1089476
	Esmeralda 

	94
	Three Hills
	TH 78
	3/22/2013
	NMC1089477
	Esmeralda 

	95
	Three Hills
	TH 79
	3/22/2013
	NMC1089478
	Esmeralda 

	96
	Three Hills
	TH 80
	3/22/2013
	NMC1089479
	Esmeralda 

	97
	Three Hills
	TH 81
	3/22/2013
	NMC1089480
	Esmeralda 

	98
	Three Hills
	TH 82
	3/22/2013
	NMC1089481
	Esmeralda 

	99
	Three Hills
	TH 83
	3/22/2013
	NMC1089482
	Esmeralda 

	100
	Three Hills
	TH 84
	3/22/2013
	NMC1089483
	Esmeralda 

	 
	Hasbrouck/Three Hills Patented Claims
	 
	 

	 
	 
	ClaimName
	Patent No.
	MS#
	APN#

	1
	Hasbrouck  
	Eliza Jane
	443624
	4143
	000-005-83

	2
	Hasbrouck  
	Polo
	443624
	4143
	000-005-83

	3
	Hasbrouck  
	Desert King
	443624
	4143
	000-005-83

	4
	Hasbrouck  
	Star of the East
	443624
	4143
	000-005-83

	5
	Hasbrouck  
	Sierra Nevada
	703972
	4337
	000-005-83

	6
	Hasbrouck  
	Lode
	703972
	4337
	000-005-83

	7
	Hasbrouck  
	San Jose
	703972
	4337
	000-005-83

	8
	Hasbrouck  
	Nonpareil No. 1
	899381
	4385
	000-005-83

	9
	Hasbrouck  
	Nonpareil No. 2
	899381
	4385
	000-005-83

	10
	Hasbrouck  
	Royal
	818585
	4386
	000-005-83

	11
	Hasbrouck  
	Last Chance
	828482
	4416
	000-005-83

	12
	Hasbrouck  
	Last Chance No. 1
	828482
	4416
	000-005-83

	13
	Hasbrouck  
	Last Chance No. 2
	828482
	4416
	000-005-83

	14
	Hasbrouck  
	Last Chance No. 3
	828482
	4416
	000-005-83

	15
	Hasbrouck  
	Nonpareil No. 3
	809601
	4436
	000-005-83

	16
	Hasbrouck  
	Nonpareil No. 4
	809601
	4436
	000-005-83

	17
	Hasbrouck  
	Nonpareil No. 5
	857954
	4437
	000-005-83

	18
	Hasbrouck  
	Nonpareil No. 6
	857954
	4437
	000-000-50

	19
	Hasbrouck  
	Nonpareil No. 7
	857954
	4437
	000-000-50

Exhibit 10.1 Letter Agreement

	
						
	20
	Hasbrouck  
	Nonpareil No. 8
	857954
	4437
	000-000-50

	21
	Hasbrouck  
	Nonpareil No. 9
	857951
	4437
	000-003-38

	22
	Hasbrouck  
	Nonpareil No. 10
	857951
	4437
	000-003-38

	23
	Hasbrouck  
	Nonpareil No. 11
	857951
	4437
	000-003-38

	24
	Hasbrouck  
	Silver King
	891082
	4387
	000-002-89

	25
	Hasbrouck  
	Silver King No.1
	891082
	4387
	000-002-89

	26
	Hasbrouck  
	TFG 
	819102
	4428
	000-002-85 000-001-39  

	27
	Hasbrouck  
	TFG1
	819102
	4428
	000-002-85

	28
	Hasbrouck  
	TFG2
	819102
	4428
	000-002-85

	1
	Three Hills
	Uranus 
	277076
	3898
	000-005-86

	2
	Three Hills
	Jupiter 
	277076
	3898
	000-006-98

	3
	Three Hills
	Ruby No. 3
	848685
	4463
	000-001-02

	4
	Three Hills
	Ruby No. 4
	848685
	4463
	000-000-37

	5
	Three Hills
	Ruby No. 5
	848685
	4463
	000-000-58

	6
	Three Hills
	Saturn 
	277076
	3898
	000-003-17

Exhibit 10.1 Letter Agreement

	
								
	Patented ClaimName
	Patent
	MS
	APN
	Legal Description
	Acres
	MiningDist
	County

	Copper Belle No. 1
	110032
	2464
	000-005-86
	5S 42E 12
	8.660
	Cuprite
	Esmeralda

	Copper Belle No. 2
	110032
	2464
	000-005-86
	5S 42E 12
	9.545
	Cuprite
	Esmeralda

	Ajax (1/3 fractional interest)
	161580
	2256
	000-005-86
	2S 43E 31
	16.524
	Goldfield
	Esmeralda

	Anna May
	163169
	3236
	000-005-86
	2S 42E 24
	7.636
	Goldfield
	Esmeralda

	Apex No. 1
	409047
	4102
	000-005-86
	2S 41E 26
	20.661
	Goldfield
	Esmeralda

	Apex No. 2
	409047
	4102
	000-005-86
	2S 41E 26
	20.661
	Goldfield
	Esmeralda

	Christmas Gift
	5127 460848
	2253
	000-005-86
	3S 42E 1, 2, 11, 12
	9.585
	Goldfield
	Esmeralda

	Highland Fling 
	46908
	2661
	000-005-86
	3S 42E 5
	18.880
	Goldfield
	Esmeralda

	Morning
	6099 47121
	2448
	000-005-86
	2S 43E 20, 21, 28, 29
	15.552
	Goldfield
	Esmeralda

	Morning No. 1
	6099 47121
	2448
	000-005-86
	2S 43E 20, 21 
	17.358
	Goldfield
	Esmeralda

	Red Butte No. 4
	45946
	2574
	000-005-86
	2S 42E 24
	17.395
	Goldfield
	Esmeralda

	Silver Top No. 2
	327793
	4042
	000-005-86
	2N 39E 13, 24
	15.996
	Lone Mountain
	Esmeralda

	Grey Eagle No. 1
	556186
	4237
	000-005-86
	2S 41E 22
	16.231
	Montezuma
	Esmeralda

	Grey Eagle No. 2
	556186
	4237
	000-005-86
	2S 41E 22
	20.638
	Montezuma
	Esmeralda

	Horse
	26338
	3429
	000-005-86
	1S 41E 34
	20.662
	Montezuma
	Esmeralda

	Rambler
	26338
	3429
	000-005-86
	1S 41E 24, 2S 41E 3
	20.662
	Montezuma
	Esmeralda

	Washington No. 2
	389355
	4041
	000-005-86
	2S 41E 22
	20.661
	Montezuma
	Esmeralda

	White Rose
	556186
	4237
	000-005-86
	2S 41E 22
	15.348
	Montezuma
	Esmeralda

	Sunrise
	292849
	3968
	000-005-86
	1S 40.5E 18
	20.662
	Paymaster
	Esmeralda

	Empire State Consolidated No. 1
	9959
	53 (USSN) 1090 (office)
	000-005-86
	2S 39E 17
	20.660
	Silver Peak
	Esmeralda

	Empire State Consolidated No. 3
	10000
	54 (USSN) 1091 (office)
	000-005-86
	2S 39E 17
	19.500
	Silver Peak
	Esmeralda

	Empire State Consolidated No. 5
	9960
	55 (USSN) 1092 (office)
	000-005-86
	2S 39E 17
	20.660
	Silver Peak
	Esmeralda

	Paris Lode
	71076
	2688
	000-005-86
	1S 38E 35, 2S 38E 2
	20.028
	Silver Peak
	Esmeralda

	Silver Eagle
	3157
	38 (USSN) 1075 (office)
	000-005-86
	2S 39E 20
	1.210
	Silver Peak
	Esmeralda

	Anaconda King
	25296
	3031
	000-156-87
	4N 42E 25
	14.614
	Ray
	Nye

	Great Eastern
	25296
	3031
	000-156-87
	4N 42E 25, 26
	8.112
	Ray
	Nye

	Hidden Treasure
	25296
	3031
	000-156-87
	4N 42E 36
	20.654
	Ray
	Nye

	North Star
	25296
	3031
	000-156-87
	4N 42E 25, 36
	16.569
	Ray
	Nye

	Quartzite
	25296
	3031
	000-156-87
	4N 42E 25, 26, 35, 36
	20.661
	Ray
	Nye

	Saturday Night
	25296
	3031
	000-156-87
	4N 42E 26, 35
	20.661
	Ray
	Nye

	Igorrotte
	282688
	3909
	000-012-73
	5S 43E 12, 13 5S 44E 7, 18
	17.056
	Stonewall
	Nye

	Indian Chief
	282688
	3909
	000-012-73
	5S 43E 13 5S 44E 7, 18
	17.194
	Stonewall
	Nye

	Mindanao
	282688
	3909
	000-012-73
	5S 43E 12 
	16.788
	Stonewall
	Nye

	Palawan
	282688
	3909
	000-012-73
	5S 43E 13 5S 44E 18
	18.804
	Stonewall
	Nye

	Stonewall King
	282688
	3909
	000-012-73
	5S 43E 12
	19.208
	Stonewall
	Nye

	Stonewall King Fraction
	282688
	3909
	000-012-73
	5S 43E 13  5S 44E 18
	2.280
	Stonewall
	Nye

	Visayan
	282688
	3909
	000-012-73
	5S 43E 12, 13
	18.145
	Stonewall
	Nye

Exhibit 10.1 Letter Agreement

Exhibit 2LEN-2013-10.30-10K-Exh10.19

Exhibit 10.19
LENNAR CORPORATION
2013 TARGET BONUS OPPORTUNITY
CHIEF EXECUTIVE OFFICER
	
		
	NAME
	TARGET AWARD OPPORTUNITY [1]

	Stuart Miller
	2.0% of Lennar Corporation Pretax Income [2]

[1] The 2013 Target Bonus Opportunity program, under the 2012 Incentive Compensation Plan, is intended to encourage superior performance and achievement of the Company’s strategic business objectives. The bonus (if any) awarded under this plan may be adjusted downward at the sole discretion of the Compensation Committee of the Board of Directors, based on its assessment of the quantitative and qualitative performance of the CEO.  Factors that may cause an adjustment include, but are not limited to, a comparison of the Company’s actual results (sales, closings, starts, etc) to budget, inventory management, corporate governance, customer satisfaction, and peer/competitor comparisons.
[2] Per our 2012 Incentive Compensation Plan (the “Plan”), Pretax income shall take into account and adjust for goodwill charges, losses or expenses on early retirement of debt, and impairment charges, in accordance with the Plan. Pretax Income is calculated as Net Earnings attributable to Lennar plus/minus income tax expense/benefit.
PAYMENTS
		
	•
	The payment of any bonus shall be made no later than April 15th of the year following the fiscal year to which the bonus calculation applies, or if such day is not a business day, the next business day.

		
	•
	100% of the bonus payment is contingent on the recipient being employed with the Company on the applicable payment date.  No bonus will be earned or paid unless the participant remains employed in good standing through such date.

Your participation in this 2013 Target Bonus Opportunity program shall not constitute a contract of employment or for wages between you and the Company or otherwise entitle you to remain in the employ of the Company.  The Target Bonus Opportunity will be adjusted annually to be in alignment with Company goals.
I also understand and agree that for twelve (12) months following termination of my employment with Lennar, I will not, directly or indirectly, employ or offer employment to any Lennar Associate or solicit, recruit, influence or encourage any Lennar Associate to terminate his or her employment with Lennar.  Lennar Associate shall mean any person who is, or who during the three (3) month period prior to such time had been, an employee of Lennar.
The Company and associate acknowledge and agree that bonuses are not automatic, but are awarded for excellent individual performance, not just excellent market conditions.  Therefore, the Compensation Committee of the Board of Directors may reduce any bonus amount at its sole discretion under any circumstance, and all such decisions will be final and binding.
	
			
	/S/    STUART A. MILLER        
	 
	/S/    STEVEN L. GERARD  

	1/22/2013
	 
	 

	Stuart Miller 
Chief Executive Officer
Lennar Corporation
	 
	Steven Gerard 
Chairman, Compensation Committee
Lennar Corporation

LENNAR CORPORATION
2013 TARGET BONUS OPPORTUNITY
PRESIDENT
	
		
	NAME
	TARGET AWARD OPPORTUNITY [1]

	Rick Beckwitt
	1.5% of Lennar Corporation Pretax Income [2]

[1] The 2013 Target Bonus Opportunity program, under the 2012 Incentive Compensation Plan, is intended to encourage superior performance and achievement of the Company’s strategic business objectives.  The bonus (if any) awarded under this plan may be adjusted downward at the sole discretion of the Compensation Committee of the Board of Directors, based on its assessment of the quantitative and qualitative performance of the Associate.  Factors that may cause an adjustment include, but are not limited to, a comparison of the Company’s actual results (sales, closings, starts, etc) to budget, inventory management, corporate governance, customer satisfaction, and peer/competitor comparisons.
[2] Per our 2012 Incentive Compensation Plan (the “Plan”), Pretax income shall take into account and adjust for goodwill charges, losses or expenses on early retirement of debt, and impairment charges, in accordance with the Plan. Pretax Income is calculated as Net Earnings attributable to Lennar plus/minus income tax expense/benefit.
PAYMENTS 
		
	•
	The payment of any bonus shall be made no later than April 15th of the year following the fiscal year to which the bonus calculation applies, or if such day is not a business day, the next business day.

		
	•
	100% of the bonus payment is contingent on the recipient being employed with the Company on the applicable payment date.  No bonus will be earned or paid unless the participant remains employed in good standing through such date.

Your participation in this 2013 Target Bonus Opportunity program shall not constitute a contract of employment or for wages between you and the Company or otherwise entitle you to remain in the employ of the Company.  The Target Bonus Opportunity will be adjusted annually to be in alignment with Company goals.
I also understand and agree that for twelve (12) months following termination of my employment with Lennar, I will not, directly or indirectly, employ or offer employment to any Lennar Associate or solicit, recruit, influence or encourage any Lennar Associate to terminate his or her employment with Lennar.  Lennar Associate shall mean any person who is, or who during the three (3) month period prior to such time had been, an employee of Lennar.
The Company and associate acknowledge and agree that bonuses are not automatic, but are awarded for excellent individual performance, not just excellent market conditions.  Therefore, the Compensation Committee of the Board of Directors may reduce any bonus amount at its sole discretion under any circumstance, and all such decisions will be final and binding.
	
			
	/S/    RICK BECKWITT
	 
	/S/    STUART A. MILLER        

	1/22/2013
	 
	1/22/2013

	Rick Beckwitt
President
Lennar Corporation
	 
	Stuart Miller 
Chief Executive Officer
Lennar Corporation

LENNAR CORPORATION
2013 TARGET BONUS OPPORTUNITY
CHIEF OPERATING OFFICER
	
		
	NAME
	TARGET AWARD OPPORTUNITY [1]

	Jon Jaffe
	1.5% of Lennar Corporation Pretax Income [2]

[1] The 2013 Target Bonus Opportunity program, under the 2012 Incentive Compensation Plan, is intended to encourage superior performance and achievement of the Company’s strategic business objectives.  The bonus (if any) awarded under this plan may be adjusted downward at the sole discretion of the Compensation Committee of the Board of Directors, based on its assessment of the quantitative and qualitative performance of the Associate.  Factors that may cause an adjustment include, but are not limited to, a comparison of the Company’s actual results (sales, closings, starts, etc) to budget, inventory management, corporate governance, customer satisfaction, and peer/competitor comparisons.
[2] Per our 2012 Incentive Compensation Plan (the “Plan”), Pretax income shall take into account and adjust for goodwill charges, losses or expenses on early retirement of debt, and impairment charges, in accordance with the Plan. Pretax Income is calculated as Net Earnings attributable to Lennar plus/minus income tax expense/benefit.
PAYMENTS
		
	•
	The payment of any bonus shall be made no later than April 15th of the year following the fiscal year to which the bonus calculation applies, or if such day is not a business day, the next business day.

		
	•
	100% of the bonus payment is contingent on the recipient being employed with the Company on the applicable payment date. No bonus will be earned or paid unless the participant remains employed in good standing through such date.

Your participation in this 2013 Target Bonus Opportunity program shall not constitute a contract of employment or for wages between you and the Company or otherwise entitle you to remain in the employ of the Company.  The Target Bonus Opportunity will be adjusted annually to be in alignment with Company goals.
I also understand and agree that for twelve (12) months following termination of my employment with Lennar, I will not, directly or indirectly, employ or offer employment to any Lennar Associate or solicit, recruit, influence or encourage any Lennar Associate to terminate his or her employment with Lennar.  Lennar Associate shall mean any person who is, or who during the three (3) month period prior to such time had been, an employee of Lennar.
The Company and associate acknowledge and agree that bonuses are not automatic, but are awarded for excellent individual performance, not just excellent market conditions.  Therefore, the Compensation Committee of the Board of Directors may reduce any bonus amount at its sole discretion under any circumstance, and all such decisions will be final and binding.
	
			
	/S/    JON JAFFE
	 
	/S/    STUART A. MILLER        

	1/25/2013
	 
	1/22/2013

	Jon Jaffe
Chief Operating Officer
Lennar Corporation
	 
	Stuart Miller 
Chief Executive Officer
Lennar Corporation

LENNAR CORPORATION
2013 TARGET BONUS OPPORTUNITY
SR. CORPORATE MANAGEMENTASSOCIATES
	
			
	NAME
	DEPARTMENT
	TARGET AWARD OPPORTUNITY [1]

	Bruce Gross
	Executive
	150% of base salary
(Adjusted pro-rata between Pretax Income achievement of 0% to 150% of Business Plan)2

The following are measured to determine % of target paid out:
	
				
	 
	PERCENT
	PERFORMANCE LEVELS/

	PERFORMANCE CRITERIA
	OF
	TARGET BONUS OPPORTUNITY

	(see definitions section for more detail)
	TARGET AWARD
	THRESHOLD
	% OF TARGET

	Individual Performance — Based on annual Performance Appraisal review and current 5-point scale; determined at the end of the fiscal year by current supervisor.  
	60%
	Good
	20%

	Very Good
	40%

	Excellent
	60%

	Corporate Governance, Company Policy and Procedure Adherence, and Internal Audit Evaluation — As determined by the Corporate Governance Committee
	40%
	Good
	10%

	Very Good
	25%

	Excellent
	40%

	LFS Pretax Income 
	50%
	> $85M
	50%

	> $77M
	40%

	> $62M
	30%

	> $47M
	20%

	< $47M
	0%

	TOTAL
	150%
	 
	 

[1] The 2013 Target Bonus Opportunity is intended to encourage superior performance and achievement of the Company’s strategic business objectives.  The bonus (if any) awarded under this plan may be adjusted downward at the sole discretion of the Compensation Committee of the Board of Directors, based on its assessment of the quantitative and qualitative performance of the Associate.  Factors that may cause an adjustment include, but are not limited to, a comparison of the associate’s performance to others in the program, economic or market considerations, etc.
[2] % of Target earned will be adjusted pro-rata from 0% up to 150% of Target (i.e. 50%  Business Plan Achievement would result in 50% of Target Earned, 150%  Business Plan Achievement would result in 150%  of Target Earned, etc.). Per our 2012 Incentive Compensation Plan (the “Plan”), Pretax income shall take into account and adjust for goodwill charges, losses or expenses on early retirement of debt, and impairment charges, in accordance with the Plan. Pretax Income is calculated as Net Earnings attributable to Lennar plus/minus income tax expense/benefit.
PAYMENTS
		
	•
	The payment of any bonus shall be made no later than April 15th of the year following the fiscal year to which the bonus calculation applies, or if such day is not a business day, the next business day.

		
	•
	100% of the bonus payment is contingent on the recipient being employed with the Company on the applicable payment date.  No bonus will be earned or paid unless the participant remains employed in good standing through such date.

Your participation in this 2013 Target Bonus Opportunity shall not constitute a contract of employment or for wages between you and the Company or otherwise entitle you to remain in the employ of the Company.  The Target Bonus Opportunity will be adjusted annually to be in alignment with Company goals.
I also understand and agree that for twelve (12) months following termination of my employment with Lennar, I will not, directly or indirectly, employ or offer employment to any Lennar Associate or solicit, recruit, influence or encourage any Lennar Associate to terminate his or her employment with Lennar.  Lennar Associate shall mean any person who is, or who during the three (3) month period prior to such time had been, an employee of Lennar.
The Company and associate acknowledge and agree that bonuses are not automatic, but are awarded for excellent individual performance, not just excellent market conditions.  Therefore, the Compensation Committee of the Board of Directors may reduce any bonus amount at its sole discretion under any circumstance, and all such decisions will be final and binding.

	
			
	/S/    BRUCE GROSS
	 
	/S/    STUART A. MILLER        

	2/1/2013
	 
	 

	Bruce Gross
Chief Financial Officer
Lennar Corporation
	 
	Stuart Miller 
Chief Executive Officer
Lennar Corporation

LENNAR CORPORATION
2013 TARGET BONUS OPPORTUNITY
SR. CORPORATE MANAGEMENTASSOCIATES
	
			
	NAME
	DEPARTMENT
	TARGET AWARD OPPORTUNITY [1]

	Mark Sustana
	Legal
	100% of base salary
(Adjusted pro-rata between Pretax Income achievement of 0% to 150% of Business Plan)2

The following are measured to determine % of target paid out:
	
				
	 
	PERCENT
	PERFORMANCE LEVELS/

	PERFORMANCE CRITERIA
	OF
	TARGET BONUS OPPORTUNITY

	(see definitions section for more detail)
	TARGET AWARD
	THRESHOLD
	% OF TARGET

	Individual Performance — Based on annual Performance Appraisal review and current 5-point scale; determined at the end of the fiscal year by current supervisor.  
	60%
	Good
	20%

	Very Good
	40%

	Excellent
	60%

	Corporate Governance, Company Policy and Procedure Adherence, and Internal Audit Evaluation — As determined by the Corporate Governance Committee
	40%
	Good
	10%

	Very Good
	25%

	Excellent
	40%

	TOTAL [1]
	100%
	 
	 

[1] The 2013 Target Bonus Opportunity is intended to encourage superior performance and achievement of the Company’s strategic business objectives.  The bonus (if any) awarded under this plan may be adjusted downward at the sole discretion of the Compensation Committee of the Board of Directors, based on its assessment of the quantitative and qualitative performance of the Associate.  Factors that may cause an adjustment include, but are not limited to, a comparison of the associate’s performance to others in the program, economic or market considerations, etc.
[2] % of Target earned will be adjusted pro-rata from 0% up to 150% of Target (i.e. 50%  Business Plan Achievement would result in 50% of Target Earned, 150%  Business Plan Achievement would result in 150%  of Target Earned, etc.). Per our 2012 Incentive Compensation Plan (the “Plan”), Pretax income shall take into account and adjust for goodwill charges, losses or expenses on early retirement of debt, and impairment charges, in accordance with the Plan. Pretax Income is calculated as Net Earnings attributable to Lennar plus/minus income tax expense/benefit.
PAYMENTS
		
	•
	The payment of any bonus shall be made no later than April 15th of the year following the fiscal year to which the bonus calculation applies, or if such day is not a business day, the next business day.

		
	•
	100% of the bonus payment is contingent on the recipient being employed with the Company on the applicable payment date.  No bonus will be earned or paid unless the participant remains employed in good standing through such date.  

Your participation in this 2013 Target Bonus Opportunity shall not constitute a contract of employment or for wages between you and the Company or otherwise entitle you to remain in the employ of the Company.  The Target Bonus Opportunity will be adjusted annually to be in alignment with Company goals.
I also understand and agree that for twelve (12) months following termination of my employment with Lennar, I will not, directly or indirectly, employ or offer employment to any Lennar Associate or solicit, recruit, influence or encourage any Lennar Associate to terminate his or her employment with Lennar.  Lennar Associate shall mean any person who is, or who during the three (3) month period prior to such time had been, an employee of Lennar.
The Company and associate acknowledge and agree that bonuses are not automatic, but are awarded for excellent individual performance, not just excellent market conditions.  Therefore, the Compensation Committee of the Board of Directors may reduce any bonus amount at its sole discretion under any circumstance, and all such decisions will be final and binding.
	
			
	/S/    MARK SUSTANA
	 
	/S/    BRUCE GROSS

	1/22/2013
	 
	 

	Mark Sustana 
General Counsel
Lennar Corporation 
	 
	Bruce Gross 
Vice President & Chief Financial Officer
Lennar Corporation

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