Document:

Exhibit 10.1

 

THIS PROMISSORY NOTE (“NOTE”) HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR UNDER THE SECURITIES LAWS OF ANY
STATE.  THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION
OF THE RESALE THEREOF UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN
FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.  

 

PROMISSORY NOTE

 

	 	Dated as of December 22, 2022
	Principal Amount:   Up to $2,767,883.40	New York, New York

  

CF Acquisition Corp.
IV, a Delaware corporation (“Maker”), hereby promises to pay to the order of CFAC Holdings IV, LLC
(“Payee”) or its registered assigns or successors in interest, the principal sum of up to Two Million Seven
Hundred Sixty Seven Thousand Eight Hundred and Eighty Three Dollars and Forty Cents ($2,767,883.40) in lawful money of the United
States of America, on the terms and conditions described below.  All payments on this Note shall be made by check or wire
transfer of immediately available funds or as otherwise determined by Maker to such account as Payee may from time to time designate
by written notice in accordance with the provisions of this Note. This Note is being made in connection with the extension of
Maker’s termination date from December 28, 2022 to June 28, 2023 (or such earlier date as determined by the board of directors
of Maker) (the “Extension”).

 

1. Principal. The
principal balance of this Note shall be payable by Maker on the earlier of (a) the date on which Maker consummates its initial business
combination (the “Business Combination”), or (b) the date of the liquidation of the Maker. The principal balance
may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer, director, employee
or stockholder of Maker, be obligated personally for any obligations or liabilities of Maker hereunder.

 

2. Interest. No
interest shall accrue or be charged by Payee on the unpaid principal balance of this Note.

 

3. Drawdown
Requests. The Payee will fund up to an aggregate of $2,767,883.40 into the trust account
of Maker established in connection with its initial public offering (the “Trust Account”), such amounts to be for the
benefit of the holders of Maker’s unredeemed shares of Class A common stock upon redemption or liquidation of Maker in accordance
with Maker’s amended and restated certificate of incorporation, as amended. The principal of this Note may be drawn down monthly
in six equal amounts of $461,313.90 per withdraw, between the 21st and 28th of each of December 2022 and January through
June 2023, up until the date on which Maker consummates its Business Combination, upon written request from Maker to the Payee (each,
a “Drawdown Request”). Each Drawdown Request must be made before the 28th of each applicable monthly period,
and state the amount to be drawn down. The Payee, in its sole discretion, shall fund each Drawdown Request via a wire transfer directly
to the Trust Account within seven days of each applicable monthly period; provided, however, that the maximum amount of drawdowns
collectively under this Note shall not exceed $2,767,883.40. Once an amount is drawn down under this Note, it shall not be available for
future Drawdown Requests. Except as set forth herein, no fees, payments or other amounts shall be due to the Payee in connection with,
or as a result of, any Drawdown Request by Maker.

 

4. Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under
this Note, including (without limitation) reasonable attorney’s fees and then to the payment in full of any late charges and finally
to the reduction of the unpaid principal balance of this Note.

 

5. Events
of Default. The occurrence of any of the following shall constitute an event of default (“Event of Default”):

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of
the date specified above.

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation
or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for
the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

     

     

    

  

(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an
involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation
of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 (sixty) consecutive days.

 

6. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be
due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived,
anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon
the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other sums
payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part
of Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and
notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms
of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal,
or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for
any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may
be levied upon pursuant to a judgment obtained by virtue hereof, or any writ of execution issued hereon, may be sold upon any such writ
in whole or in part in any order desired by Payee.

 

8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party,
and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to
by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect
to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties
hereto without notice to Maker or affecting Maker’s liability hereunder.

  

9. Notices. All
notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered (i) personally
or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address
designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may
be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party
or such other electronic mail address as may be designated in writing by such party.  Any notice or other communication so transmitted
shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation,
if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days
after mailing if sent by mail.

  

10. Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES
THEREOF.

  

    2

     

    

 

11. Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust
Waiver.  Notwithstanding anything herein to the contrary, Payee hereby waives any right, title, interest or claim of any
kind (“Claim”) in or to any distribution of or from the Trust Account, and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever; provided, however, that if Maker completes
a Business Combination, Maker shall repay the principal balance of this Note, which may be out of the proceeds released to Maker from
the Trust Account.

 

13. Amendment;
Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of
Maker and Payee.

 

14. Assignment.  No
assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise)
without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void; provided,
however, that this Note shall be freely assignable by Payee to any assignee.

 

[Signature Page Follows]

 

    3

     

    

 

IN WITNESS WHEREOF, Maker, intending to
be legally bound hereby, has caused this Promissory Note to be duly executed by the undersigned as of the day and year first above written. 

 

	 	CF Acquisition Corp. IV
	 	  
	 	By:	/s/ Howard
    W. Lutnick
	 	Name: 	Howard W. Lutnick
	 	Title:	Chief Executive Officer

 

[Signature Page to Promissory Note by CF Acquisition
Corp. IV in favor of CFAC Holdings IV, LLC]

 

 

4tlrs_ex1012.htm

EXHIBIT 10.12
  
 REAL ESTATE PURCHASE CONTRACT
  
 	 EFFECTIVE DATE:
	 August 4, 2022

	  
	  

	 SELLER:
	 Newmont Capital Limited, a Nevada Corporation

	  
	  

	 SELLER’S MAILING ADDRESS:
	 6900 East Layton Ave, Suite 700, Denver, CO 80237

	  
	  

	 BUYER:
	 Timberline Resources Corporation

	  
	  

	 MAILING ADDRESS:
	 101 E. Lakeside, Coeur d’Alene, ID 83814

	  
	  

	  
	  

  
 	 1. 
	 AGREEMENT TO BUY AND SELL. In consideration of the property, the purchase price to be paid, and the mutual promises, covenants, and conditions herein contained, and subject to said mutual promises, covenants, and conditions set forth in this Real Estate Purchase Contract (the “Contract”), Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase from Seller, the property described in Exhibit “A” attached hereto and made a part hereof, together with all and singular, the rights, title, and appurtenances pertaining to such property and any and all improvements (the “Property”). Notwithstanding anything in this Contract to the contrary, this Contract is expressly subject to Seller receiving the approval of its Regional Investment Committee (“RIC”) of its corporate parent, Newmont Corporation, to consummate the transaction contemplated hereunder.

	  
	  

	 2.
	 PURCHASE PRICE. The Purchase Price for the Property conveyed shall be $41,310.00, subject to adjustments provided for herein and due and payable in full at Closing (as defined hereinafter). The Purchase Price shall be paid, at the election of Seller, by wire transfer, cashier’s check, or any other payment method reasonably acceptable to Buyer.

	  
	  

	 3.
	 TITLE TO THE PROPERTY. At Closing, Seller shall convey to Buyer all of Seller’s right, title, and interest, if any, to the Property by quitclaim deed, in the form attached hereto as Exhibit “B” (the “Quitclaim Deed”). Buyer shall pay any recording costs associated with the Quitclaim Deed.

	  
	  

	 4.
	 ACCESS. Commencing on the Effective Date and continuing through Closing, Seller shall afford authorized representatives of Buyer reasonable access to the Property to inspect the Property. Notwithstanding the Buyer’s intentions to inspect the Property, Buyer acknowledges that Seller is selling the Property in an “as is, where is, with all faults” condition with no representations or warranties from Seller of any kind, express or implied, except for those set forth in Paragraph 7 below.

	  
	  

	 5.
	 CLOSING. This transaction shall close (the “Closing”) by or before August 17, 2022, at a time mutually agreed upon by the parties (the “Closing Date”).

  
 	  
	 (a)
	 At the Closing, Seller shall deliver to Buyer the following:

	  
	  
	  
	  

	  
	  
	 (i)
	 a duly executed and acknowledged Quitclaim Deed and Declaration of Value, substantially in the form attached hereto as Exhibit “B”;

	  
	  
	  
	  

	  
	  
	 (ii)
	 a “FIRPTA Affidavit” pursuant to Section 1445(b)(2) of the Internal Revenue Code duly executed by Seller, which Affidavit shall indicate that no federal tax withholding shall be required;

	  
	  
	  
	  

	  
	  
	 (iii)
	if applicable, any keys to the Property;

  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 1
	

	 

  
 	  
	 (b)
	  
	At the Closing, Buyer shall deliver to Seller the following:
	  
	  
	  
	  

	  
	  
	 (i)
	any closing documents as are customary for a transaction of this type and that are reasonably requested by Seller; and
	  
	  
	  
	  

	  
	  
	 (ii)
	the Purchase Price payable at Closing pursuant to Paragraph 2.

    
 	 6.
	 PRORATIONS. General real estate taxes and personal property taxes for the year of Closing that are not yet due and payable as of the Closing Date shall be prorated between Seller and Buyer on a daily basis as of the Closing Date based upon a calendar fiscal year, with Seller paying those allocable to the period prior to the Closing Date and Buyer being responsible for those allocable subsequent thereto. All other costs and expenses, including legal or accounting fees, incurred by a party in connection with the transactions contemplated by this Contract shall be paid by the party that incurred such costs and expenses.

	  
	  

	  
	 All of Seller’s allocable costs and prorations, pursuant to this Paragraph 6, may be paid from the Purchase Price at Seller’s option.

	  
	  

	 7.
	 SELLER’S REPRESENTATIONS AND WARRANTIES, DISCLAIMER. Seller represents and warrants to Buyer as of the Effective Date of this Contract and as of the Closing Date as follows:

  
 	  
	 (a)
	Mineral rights associated with the Property have not been separated and/or sold separate from the interests held by Seller in the Property.
	  
	  
	  

	  
	 (b)
	Seller has not entered into any contracts for the sale of any of the Property other than this Contract.
	  
	  
	  

	  
	 (c)
	Seller has the requisite power and authority to enter into, and perform under, this Contract and the documents and instruments required to be executed and delivered to Seller pursuant hereto.
	  
	  
	  

	  
	 EXCEPT FOR THE FOREGOING,SELLER DOES NOT MAKE, AND BUYER, ON BEHALF OF ITSELF AND ITS AFFILIATES, HEREBY WAIVES, RELEASES, AND DISCHARGES THE SELLER AND ITS AFFILIATES FROM ANY AND ALL SUITS, LEGAL OR ADMINISTRATIVE PROCEEDINGS, CLAIMS, DEMANDS, DAMAGES, COSTS, LIABILITIES, LOSSES, INTEREST, OR CAUSES OF ACTION WHATSOEVER, IN LAW OR IN EQUITY, KNOWN OR UNKNOWN, ATTRIBUTABLE TO ANY PERIODS OF TIME WHICH THE BUYER OR ITS AFFILIATES MIGHT NOW OR SUBSEQUENTLY MAY HAVE, BASED ON, RELATING TO, OR ARISING OUT OF, ANY WARRANTY OR REPRESENTATION OF THE SELLER OR ITS AFFILIATES, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, WITH RESPECT TO (I) SELLER’S OR ANY OTHER PERSON’S TITLE TO, OR DEFICIENCY IN TITLE TO, THE PROPERTY, (II) ANY MATTERS WITH RESPECT TO THE EXISTENCE OF ANY ENVIRONMENTAL DEFECT, ENVIRONMENTAL LIABILITIES, RELEASE OF HAZARDOUS SUBSTANCES, OR ANY OTHER ENVIRONMENTAL CONDITION WITH RESPECT TO THE OWNERSHIP OR OPERATION OF THE PROPERTY, OR (III) WHETHER SELLER OR THE PROPERTY (OR THE OWNERSHIP OR OPERATION THEREOF) ARE IN COMPLIANCE WITH ANY ENVIRONMENTAL LAW.
  
 All of the foregoing representations and warranties by Seller and the indemnifications in Paragraph 9 below shall survive Closing and shall not be deemed merged into any instrument of conveyance delivered at Closing.

  
  Initialed for identification by Buyer ________and Seller ________
 	 
	Page 2
	

	 

     
 	 8.
	 BUYER’S REPRESENTATIONS AND WARRANTIES. Buyer represents and warrants to Seller as of the Effective Date it is legally and financially capable and has the authority to enter into, and perform under, this Contract. This Contract has been duly executed and delivered by Buyer and, subject to Paragraph 1 above, is a valid and binding obligation of Buyer enforceable in accordance with its terms.

	  
	  

	  
	 The foregoing representations and warranties by Buyer and the indemnifications in Paragraph 9 below shall survive Closing and shall not be deemed merged into any instrument of conveyance delivered at Closing.

	  
	  

	 9.
	 INDEMNIFICATIONS. Each party (“Indemnifying Party”) shall indemnify, defend, release, and hold harmless the other party and its successors, along with their respective officers, shareholders, directors, employees, and agents from any and all claims, losses, damages, demands, and liabilities whatsoever arising from or in connection with the Indemnifying Party’s breach of its representations or warranties or other terms of this Contract. This indemnification shall survive Closing.

	  
	  

	 10.
	 PROPERTY MAINTENANCE. Between the Effective Date and the Closing Date, Seller shall not: (i) conduct any new disturbance on the Property or otherwise conduct any new activities on the Property; (ii) make or allow any sale, transfer, lease, pledge, mortgage, encumbrance, or other disposition of all or any of Seller’s interests in the Property; or (iii) commit or consent to any act that would cause any of Seller’s representations and warranties in this Contract to become untrue. Title and risk of loss to the Property shall not pass to Buyer until ownership of the Property is transferred to Buyer at Closing.

	  
	  

	 11.
	 MISCELLANEOUS.

     
 	  
	 (a)
	 This Contract shall be construed and interpreted in accordance with the laws of Nevada, without regard to its choice of law or conflicts of law provisions;

	  
	  
	  

	  
	 (b)
	 This Contract may not be modified or amended except by an agreement in writing signed by Seller and Buyer;

	  
	  
	  

	  
	 (c)
	 This Contract constitutes the entire agreement among the parties pertaining to agreements and understandings of the parties in connection therewith. In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein.

  
 	 12.
	 CONFIDENTIALITY. Seller agrees to retain the confidentiality of the terms of this Contract, and not to disclose the same to any third party other than to legal and financial advisors or to the extent required by applicable law.

	  
	  

	 13.
	 COUNTERPARTS AND ELECTRONIC SIGNATURES. The parties agree that this Contract may be executed in counterparts, each of which is deemed an original, but all of which constitutes one and the same agreement. Delivery of an executed counterpart electronically shall be effective as delivery of an original, executed counterpart. The parties agree that if one or more of the parties conduct business via electronic means in which electronic signatures are communicated by electronic transmission or digital signature, whether or not encrypted or provided through DocuSign (or other similar service), such signatures shall be considered an original signature and are intended to authenticate this writing and have the same legal effect, validity, and enforceability as a signature affixed by hand or other manual means. The use of an electronic-based record-keeping system is deemed to have the same force and effect as a paper-based record-keeping system.

   
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 3
	

	 

  
 	 14.
	 PARAGRAPH HEADINGS. The paragraph headings are inserted herein only as a matter of convenience and for reference and in no way are intended to be a part of this Contract or to define, limit, or describe the scope or intent of this Contract or the particular paragraphs hereof to which they refer.

	  
	  
	  

	 15.
	 TIME OF THE ESSENCE; DEFAULT; REMEDIES UPON DEFAULT. Time is of the essence of this Contract. This means that all dates and deadlines are strict and absolute. If any payment due, is not paid, honored, or tendered when due, or if any obligation is not performed timely as provided in this Contract, the non-defaulting party has the following remedies:

	  
	  
	  

	  
	 (a)
	 Seller’s Pre-Closing Remedies: If, on or before Closing, Buyer shall materially default in any of the terms or provisions of this Contract prior to the Closing Date, and shall fail to cure such default within ten (10) days following written notice thereof given by Seller to Buyer, Seller may either (i) waive such default and consummate the transaction contemplated hereby in accordance with the terms hereof; or (ii) institute all proceedings necessary to specifically enforce the terms of this Contract; provided, however, in no event shall Seller be entitled to obtain or recover, and Seller hereby waives and covenants not to assert any right to seek or obtain, any incidental, consequential, or punitive damages resulting from any breach of any obligation of Buyer under the foregoing provisions;

	  
	  
	  

	  
	 (b)
	 Buyer’s Pre-Closing Remedies: If, on or before the Closing, Seller shall materially default in any of the terms or provisions of this Contract prior to the Closing Date, and shall fail to cure such default within ten (10) days following written notice thereof given by Buyer to Seller, Buyer may either (i) waive such default and consummate the transaction contemplated hereby in accordance with the terms hereof; or (ii) institute all proceedings necessary to specifically enforce the terms of this Agreement; provided, however, in no event shall Buyer be entitled to obtain or recover, and Buyer hereby waives and covenants not to assert any right to seek or obtain, any incidental, consequential or punitive damages resulting from any breach of any obligation of Seller under the foregoing provisions.

	  
	  
	  

	 16.
	 TERMINATION. This Contract may be terminated at any time prior to Closing as follows: (i) by mutual written agreement of Seller and Buyer; (ii) by either party if there has been a breach by such other party of any its representations or warranties or other obligations contained in this Contract, and which has not or cannot be cured prior to the Closing Date.

	  
	  
	  

	 17.
	 ATTORNEYS’ FEES. If either party hereto fails to perform any of its obligations under this Contract or if a dispute arises between the parties hereto concerning the meaning or interpretation of any provision of this Contract then the defaulting party or the party not prevailing in such dispute shall pay any and all costs and expenses incurred by the other party on account of such default and in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys’ fees and disbursements.

     
 Seller and Buyer have caused this Contract to be executed and delivered as of the Effective Date first above written.
  
 	 SELLER: 
  
 NEWMONT CAPITAL LIMITED, a Nevada Corporation 
	  
	 BUYER: 
  
 TIMBERLINE RESOURCES CORPORATION 

	  
	  
	  

	  
	  
	  

	 By:
	  
	 By:

	 Its:
	  
	 Its: 

  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 4
	

	 

     
 EXHIBIT “A” TO
 REAL ESTATE PURCHASE CONTRACT
  
 The Property
  
 All of Buyer’s rights, titles, and interests in and to the following, situated in Eureka County, Nevada:
  
 South Wales No. 1 (USMS #314, patent # 20070) located in Section 26, Township 19 North, Range 53 East of the Mount Diablo Base and Meridian, APN 410-000-13.
  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 5
	

	 

  
 EXHIBIT “B”
 TO
 REAL ESTATE PURCHASE CONTRACT
        
 When recorded, return to:
 Newmont
 6900 E. Layton Ave., Suite 700
 Denver, CO 80237
 Attention: Land Department
  
 APN: 410-000-13
 Location: South Wales No. 1 (USMS #314,
 patent # 20070), T19N R53E, SEC 26
  
 Pursuant to NRS 239B.030, the undersigned hereby affirms that this document does not contain Personal Information, as defined by NRS 603A.040, of any person.
  
 Mail tax statements to:
 Timberline Resources Corporation
 101 E. Lakeside, Coeur d’Alene, ID 83814
  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 6
	

	 

  
 QUITCLAIM DEED
  
 THIS QUITCLAIM DEED is made this day of , by NEWMONT CAPITAL LIMITED, a Nevada Corporation, whose address is c/o Newmont Corporation, Attention: Land Department, 6900 E. Layton Avenue, Suite 700, Denver, CO. 80237 (“Grantor”), to TIMBERLINE RESOURCES CORPORATION, whose address is 101 E. Lakeside, Coeur d’Alene, ID 83814 (“Grantee”).
  
 WITNESSETH:
  
 WITNESSETH, that Grantor, for Ten and No/100 Dollars ($10.00) and other valuable consideration, to Grantor in hand paid by Grantee, the receipt of which is hereby confessed and acknowledged, has remised, released, sold, conveyed, and quitclaimed, and by these presents does remise, release, sell, convey, and quitclaim, without any covenants of warranty whatsoever and without recourse to Grantor, its successors and assigns, to Grantee, its successors and assigns, forever, all of its right, title, and interest, if any, in and to that certain real property located in Eureka County, Nevada, more particularly described on Exhibit “A” attached hereto and made a part hereof for all purposes (the “Property”).
  
 Reserving unto Grantor, its successors and assigns forever, a perpetual royalty of one and five-tenths percent (1.5%) of Net Smelter Returns, as more particularly described in Exhibit “B” attached hereto and made a part hereof for all purposes.
  
 TO HAVE AND TO HOLD the same, together with all and singular the appurtenances and privileges thereunto belonging, or in anywise thereunto appertaining, and all the estate, right, title, interest and claim whatsoever, of Grantor, either in law or at equity, to the only proper use, benefit and behalf of Grantee, its successors and assigns forever.
  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 7
	

	 

  
 IN WITNESS WHEREOF, Grantor has caused this Quitclaim Deed to be signed by its authorized representative effective the date set forth above.
   
 	  
	 Newmont Capital Limited, a Nevada Corporation
	  

	  
	  
	  
	  

	  
	 By:
	  
	  

	  
	 Name:
	  
	  

	  
	 Title:
	  
	  

  
 STATE OF                            Colorado                               )
                                                                                                )
 COUNTY OF                        Denver                                   )
  
 This instrument was acknowledge before me this_________ day of                                        ,            
 by________________________, the _______________________________ of
 Newmont Capital Limited, a Nevada Corporation, on behalf of that corporation.
                                                                                                                    
 	  
	  
	  
	  

	  
	  
	 Notary Public
	  

   
 My commission expires:
  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 8
	

	 

  
 EXHIBIT “A”
  
 The Property
  
 All of Grantor’s rights, titles, and interests in and to the following, situated in Eureka County, Nevada:
  
 South Wales No. 1 (USMS #314, patent # 20070) located in Section 26, Township 19 North, Range 53 East of the Mount Diablo Base and Meridian, APN 410-000-13.
  
  Initialed for identification by Buyer ________and Seller ________
 	 
	Page 9
	

	 

  
 EXHIBIT “B”
  
 of Quitclaim Deed
  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 10
	

	 

   
 	 STATE OF NEVADA 
 DECLARATION OF VALUE

	  

	 1.
	 Assessor Parcel Number(s)
	  

	  
	  
	  

	 a)
	 410-000-13
	  
	  

	 b)
		  
	  

	 c)
		  
	  

	 d)
		  
	  

	  
	  
	  
	  
	  
	  
	  
	  

	 2.
	 Type of Property
	  
	  
	  

	 a)
	  
	 ☒
	 Vacant Land
	 b)  
	☐	 Single Fam. Res.
	 FOR RECORDERS OPTIONAL USE ONLY

	  
	  
	  
	  
	  
	  
	  
	  

	 c)
	  
	☐	 Condo/Twnhse
	 d)  
	☐	 2-4 Plex
	 Book
	  
	 Page:
	  
	  

	  
	  
	  
	  
	  
	  
	  
	  

	 e)
	  
	☐	 Apt. Bldg.
	 f)  
	☐	 Comm’l/Ind’l
	 Date of Recording:
	  
	  

	  
	  
	  
	  
	  
	  
	  
	  

	 g)
	  
	☐	 Agricultural
	 h)  
	☐	 Mobile Home
	 Notes:
	  
	  

	  
	  
	  
	  
	  
	  
	  
	  

	 i)
	  
	☐	 Other
		  
	  
	  
	  

	  
	  

	 3.
	 a) Total Value/Sales Price of Property:
	 $41,310.00 
	  

	  
	  

	  
	 b) Deed in Lieu of Foreclosure Only (value of property)
	 (
	 $
	 )

	  
	  
	  

	  
	 c) Transfer Tax Value:
	 $41,310.00
	  

	  
	  
	  

	  
	 d) Real Property Transfer Tax Due
	 $    161.11
	  

	  
	  
	  

	 4.
	 If Exemption Claimed:
	  

	  
	  
	  

	 a.
	 Transfer Tax Exemption, per 375.090, Section:
	 NA
	  
	
	 b.
	 Explain reason for exemption:  NA
	
	  
	  

	 5.
	 Partial Interest: Percentage being transferred:
	 NA: 100
	 %

	  
	  
	  

 	 The undersigned declares and acknowledges, under penalty of perjury, pursuant to NRS 375.060 and NRS 375.110, that the information provided is correct to the best of their information and belief, and can be supported by documentation if called upon to substantiate the information provided herein.  Furthermore, the parties agree that disallowance of any claimed exemption, or other determination of additional tax due, may result in a penalty of 10% of the tax due plus interest at 1% per month.  Pursuant to NRS 375.030, the Buyer and Seller shall be jointly and severally liable for any additional amount owed.

	  
	  

	 Signature (Seller):  
	  
	    
	 Capacity:  
	  
	  

	    
	    
	    

	 Signature (Seller):  
	  
	    
	 Capacity:  
	  
	  

	  
	  
	  
	  
	  
	  

	 Signature (Buyer):  
	  
	    
	 Capacity:  
	  
	  

	  
	  
	  

 	   SELLER (GRANTOR) INFORMATION
	  
	 BUYER (GRANTEE) INFORMATION

	 (REQUIRED)
	  
	 (REQUIRED)

	 Print Name: Newmont Capital Limited
	  
	 Print Name: Timberline Resources Corporation

	  
	  
	  

	 Address: 6900 E. Layton Ave., Suite 700
	  
	 Address: 101 E. Lakeside

	  
	  
	  

	 City: Denver
	  
	 City: Coeur d’Alene 

	  
	  
	  

	 State: CO
	 Zip: 80237
	  
	 State: ID
	 Zip: 83814

  
 	 COMPANY/PERSON REQUESTING RECORDING (required if not seller or buyer)
	  

	  
	  

	 Print Name:
	  
	  
	 File Number:
	  

	 Address 
	  
	  
	  

	 City:
		  
	 State:
	  
	 Zip:
	  

	  
	  

	 (AS A PUBLIC RECORD THIS FORM MAY BE RECORDED/MICROFILMED)
	  

  
 Initialed for identification by Buyer ________and Seller ________
 	 
	Page 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00351-of-00352.parquet"}]]