Document:

pzg-ex101_6.htm

Exhibit 10.1

certain information has been excluded from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to PARAMOUNT GOLD NEVADA CORP.  if publicly disclosed, AND HAS BEEN MARKED WITH “(***)” TO INDICATE WHERE OMISSIONS HAVE BEEN MADE. 

 

 

 

 

ROYALTY Agreement

 

Between

 

PARAMOUNT GOLD NEVADA CORP.

 

- and -

 

SLEEPER MINING COMPANY, LLC

 

- and -

 

FRANCO-NEVADA U.S. CORPORATION

 

 

			
	
 
	
April 11, 2019
	
 

 

 

 

Table of Contents

 

1.Definitions1

2.Interpretation.10

3.Royalty11

4.Payment of Cash Consideration14

5.Calculation of Net Smelter Returns15

6.In-Kind Credit of Precious Metals Royalty16

7.Taxes18

8.Reporting Obligations19

9.Records; Audits; Inspections20

10.Maintenance of Existence and Property22

11.Management of Mining Operations23

12.Royalty and Stream Interests25

13.Insurance Matters26

14.Representations and Warranties of the Payee27

15.Representations and Warranties of the Owners27

16.Indemnities27

17.Term27

18.Transfer Rights of the Owners28

19.Transfer Rights of the Payee28

20.Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.28

21.Notices29

22.General Provisions30

 

 

 

			
	
 
	
-i-
	
 

 

 
 

Table of Contents

(continued)

 

SCHEDULE A – DESCRIPTION OF THE PROPERTY

SCHEDULE B – PERMITTED ENCUMBRANCES

SCHEDULE C – REPRESENTATIONS AND WARRANTIES OF THE PAYEE

SCHEDULE D – REPRESENTATIONS AND WARRANTIES OF THE OWNERS

SCHEDULE E – FORM OF ROYALTY DEED

 

 

 

 

 

			
	
 
	
-ii-
	
 

 

 
 

 

ROYALTY AGREEMENT

ROYALTY AGREEMENT dated April 11, 2019.

BETWEEN:

PARAMOUNT GOLD NEVADA CORP., a corporation existing under the laws of the State of Nevada (“Paramount”) 

- and -

SLEEPER MINING COMPANY, LLC, a company existing under the laws of the State of Delaware (“Sleeper” and, together with Paramount, the “Owners”)

- and -

FRANCO-NEVADA U.S. CORPORATION, a corporation existing under the laws of the State of Delaware (the “Payee”)

WHEREAS:

	
 
	
(A)
	
The Owners have the right to explore and develop 100% of the Property.

	
 
	
(B)
	
The Owners have agreed to create, grant and convey the Royalty to the Payee on the terms and conditions described herein.

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained and for Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

	
1.
	
Definitions

For the purposes of this Agreement (including the recitals), unless the context otherwise requires, each of the following terms shall have the meaning given to it, as set out below, and grammatical variations of such term shall have a corresponding meaning:

“Abandonment Property” has the meaning set out in Section 10(e).

“Affiliate” means, with respect to any Person, any other Person which directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person. For the purposes of this definition and the definition of “Subsidiary”, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities, by contract or otherwise.

“Agreement” means this Royalty Agreement and all attached schedules, as such may be amended, restated, modified or superseded from time to time in accordance with the terms hereof.

“Allowable Deductions” has the meaning set out in Section 5(b).

 

‐ 2 ‐

“Annual Forecast Report” means a written report, in relation to a fiscal year, with respect to the Sleeper Gold Project, including with reasonable detail a forecast, based on the current development or mine plan as applicable, of the quantity of gold, silver and other Minerals expected to be produced during such fiscal year on a month-by-month basis and over the remaining life of the mine on a year-by-year basis, including:

	
 
	
(a)
	
the amount and a description of planned operating and capital expenditures;

	
 
	
(b)
	
types, tons and grade of Minerals to be mined;

	
 
	
(c)
	
types, tons and grade of Minerals to be stockpiled; and

	
 
	
(d)
	
with respect to the processing facilities, the types, tons and grade of Minerals to be processed; expected recoveries for gold, silver and other Minerals; and doré weight and gold and silver grade.

“Annual Operational Report” means a written report in relation to a fiscal year with respect to the Sleeper Gold Project, to be prepared by or on behalf of the Owners, which shall include all of the information pertaining to the construction, commissioning or operations contained in annual reports prepared and provided to the board of directors of any of the Paramount Entities and, to the extent not contained in such reports, will also contain, for such year:

	
 
	
(a)
	
types, tons and grade of Minerals mined;

	
 
	
(b)
	
types, tons and grade of Minerals stockpiled;

	
 
	
(c)
	
with respect to the processing facilities, the types, tons and grade of Minerals processed; recoveries for gold, silver and other Minerals; and doré weight and gold and silver grade;

	
 
	
(d)
	
the number of ounces of Precious Metals and the quantity of other Minerals contained in the material processed during such year, but not delivered to a Payor by the end of such year;

	
 
	
(e)
	
the number of ounces of Precious Metals and the quantity of other Minerals produced and delivered to and paid for by a Payor, and the names and addresses of each such Payor;

	
 
	
(f)
	
the credit/payment to the Payee and/or estimated credit/payment to the Payee with respect to Precious Metals and other Minerals referred to in subsection (c) on account of the Royalty;

	
 
	
(g)
	
a reconciliation between any estimated credit/payment specified in an Annual Operational Report pursuant to subsection (f) for a preceding year and the final credit/payment;

	
 
	
(h)
	
the amount and a description of operating and capital expenditures;

	
 
	
(i)
	
a statement setting out the mineral reserves and mineral resources (by category) prepared in accordance with National Instrument 43-101 (with the assumptions used, including cut-off grade, metal prices and metal recoveries);

 

‐ 3 ‐

	
 
	
(j)
	
a review of the development or operating activities for the year and a report on any material issues or departures from that contemplated by the development or mine plan, as applicable as of the first day of the fiscal year;

	
 
	
(k)
	
variances from projected operating and capital expenditures and any actual or expected adverse impact on development or production or recovery of Precious Metals and other Minerals, whether as to quantity or timing, together with the details of the plans to resolve or mitigate such matters;

	
 
	
(l)
	
if applicable, the percentage completion compared to the initial development plan of the major elements of construction and the anticipated date of commencement of commercial production, if it has not yet then occurred; and

	
 
	
(m)
	
details of any material health or safety violations and/or material violations of any Applicable Laws (including Environmental Laws).

“Applicable Law” means any law (including common law and equity), constitution or any federal, state, municipal, county or local statute, law, ordinance, code, rule, regulation, Order (including any securities laws or requirements of stock exchanges and any consent decree or administrative Order), or Authorization of a Governmental Body in any case applicable to any specified Person, property, transaction or event, or any such Person’s property or assets.

“Authorization” means any authorization, approval, consent, concession, exemption, license, lease, grant, permit, franchise, right, privilege or no-action letter from any Governmental Body having jurisdiction with respect to any specified Person, property, transaction or event, or with respect to any of such Person’s property or business and affairs (including any zoning approval, mining permit, development permit or building permit) or from any Person in connection with any easements, contractual rights or other matters.

“Business Day” means any day (other than a Saturday or Sunday) on which banks are open for business in Toronto, Ontario and Humboldt County, Nevada.

“Cash Consideration” means $2,000,000. 

“Contaminant” means any solid, liquid, gas, odor, heat, sound, vibration, radiation, or combination of any of them, that does or is reasonably expected to:

	
 
	
(a)
	
impair the quality of the Environment for any use that can be made of it;

	
 
	
(b)
	
injure or damage property or plant or animal life;

	
 
	
(c)
	
adversely affect the health of any individual;

	
 
	
(d)
	
impair the safety of any individual;

	
 
	
(e)
	
render any plant or animal life unfit for use by man; or

	
 
	
(f)
	
create a liability under any Environmental Law;

and includes any “contaminant” within the meaning ascribed to such term in any Environmental Law.

 

‐ 4 ‐

“Deductions” means any and all refining, treatment and other charges, penalties, insurance, deductions, transportation, settlement, financing, price participation charges and/or other charges, penalties, deductions, set-offs, Taxes and expenses pertaining to and/or in respect of the operation of the Sleeper Gold Project, the Property, the Minerals therefrom and the calculation or determination of the credits/payments on account of the Royalty (or payments in lieu thereof).

“Designated Jurisdiction” means Canada, the United States of America, the United Kingdom or such other location as may be agreed between Paramount and the Payee.

“Disclosure Schedule” means the disclosure schedule delivered on the date hereof by the Owners to the Payee setting forth exceptions to, and disclosures with respect to, the representations and warranties set forth in Section 15 and Schedule D.

“Documents” means collectively this Agreement and the Royalty Deed.

“Effective Date” means the date on which all of the conditions set forth in Section 4(a) have been satisfied.

“Encumbrance” means any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, security interest, priority or other security agreement, preferential arrangement or encumbrance of any kind or nature whatsoever, including any conditional sale or other title retention agreement or the interest of a lessor under a capital lease or finance obligation (or any similar arrangement) or prior claims or royalties of any nature whatsoever, whether registered or recorded or unregistered or unrecorded.

“Environment” means the ambient air, all layers of the atmosphere, surface water, underground water, all land (surface and underground), all living organisms and the interacting natural systems that include components of air, land, water, organic and inorganic matter and living organisms, and includes indoor and underground spaces.

“Environmental Laws” means any Applicable Law relating to the Environment, occupational or mine health or safety, industrial hygiene, product liability or any past, present or future activity, event or circumstance in respect of any Hazardous Materials (including the use, handling, transportation, production, disposal, discharge or storage thereof or the terms of any Authorization issued in connection therewith) or the environmental conditions on, under or about any real property (including soil, groundwater and indoor, underground and ambient air conditions).

“Existing Royalty” means the royalty created pursuant to the Existing Royalty Agreements.

“Existing Royalty Agreements” means (i) the Royalty Purchase Agreement dated as of June 29, 2007 by and between X-Cal Resources, X-Cal USA, Inc., New Sleeper, Sleeper and the Snyder Syndicate and (ii) the Royalty Deed by and between the same parties in respect of such Royalty Purchase Agreement.

“GAAP” means generally accepted accounting principles for financial reporting for the United States set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the accounting profession, which are applicable to the circumstances as of the date of determination. 

 

‐ 5 ‐

“Governmental Body” means the government of Canada, the United States of America or any other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, arbitrator or arbitrators, tribunal, central bank or other entity exercising executive, legislative, judicial or arbitral, taxing, regulatory or administrative powers or functions (including any applicable stock exchange).

“Hazardous Materials” means any pollutant or Contaminant, including any hazardous, dangerous, registrable or toxic chemical, material or other substance within the meaning of any Environmental Law.

“Hedging Activities” means any and all activities by which a Paramount Entity sells or disposes of Minerals by entering into off-take agreements or engaging in any commodity futures trading, options trading, metals trading, or sales or dispositions of Minerals, in each case (i) for the sole purpose of eliminating or reducing exposure to market prices for Precious Metals or other Minerals produced from the Property and (ii) for other than market prices for Precious Metals or other Minerals produced from the Property, or any combination thereof, and any other similar hedging transactions or arrangements.

“LBMA” means the London Bullion Market Association.

“Losses” means any and all damages, claims, losses, lost profits, liabilities, fines, injuries, costs, penalties and expenses (including reasonable legal fees).

“Material Adverse Effect” means any change, event, occurrence, condition, circumstance, effect, fact or development that has, or could reasonably be expected to have, a material and adverse effect on:

	
 
	
(a)
	
the Sleeper Gold Project (including the ability of the Paramount Entities to construct, develop or operate the Sleeper Gold Project substantially in accordance with the development or mine plan, as applicable, for the Sleeper Gold Project in effect at the time of the occurrence of the Material Adverse Effect);

	
 
	
(b)
	
the ability of any Owner to perform its obligations under this Agreement; or 

	
 
	
(c)
	
the legality, validity, binding effect or enforceability of this Agreement or the rights and remedies of the Payee under this Agreement.

“Minerals” means any and all metals, minerals and mineral rights of every nature and kind, including metals, precious metals, base metals, gems, diamonds, industrial minerals, commercially valuable rock, aggregate, clays, sands and diatomaceous earth, hydrocarbons, oil, gas, coal and other materials in whatever form or state which are mined, excavated, extracted, recovered in soluble solution or otherwise recovered or produced from the Property.

“Monthly Average COMEX Price” means, for any given calendar month, the monthly average of the daily COMEX settlement price for a given commodity (other than gold or silver) as quoted in United States dollars by COMEX (a division of CME Group, Inc.) for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations; provided that, if for any reason COMEX is no longer in operation or if the price of such commodity is not calculated on behalf of or confirmed, acknowledged by, or quoted by COMEX, the Monthly Average COMEX Price shall be determined by reference to the price of the commodity determined in the manner endorsed by COMEX, failing which the Monthly Average COMEX Price will be 

 

‐ 6 ‐

determined by reference to the price of the commodity on a commodity exchange mutually acceptable to Paramount and the Payee, acting reasonably.

“Monthly Average Gold Price” means, for any given calendar month, the monthly average of the daily afternoon (PM) per ounce LBMA Gold Price as quoted in United States dollars by LBMA (currently in partnership with ICE Benchmark Administration) for Refined Gold for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations; provided that, if for any reason the LBMA is no longer in operation or if the price of Refined Gold is not calculated on behalf of or confirmed, acknowledged by, or quoted by the LBMA, the Monthly Average Gold Price shall be determined by reference to the price of Refined Gold determined in the manner endorsed by the LBMA and World Gold Council, failing which the Monthly Average Gold Price will be determined by reference to the price of Refined Gold on a commodity exchange mutually acceptable to Paramount and the Payee, acting reasonably. 

“Monthly Average Silver Price” means, for any given calendar month, the monthly average of the daily per ounce LBMA Silver Price as quoted in United States dollars by LBMA (currently in partnership with CME Group and Thomson Reuters) for Refined Silver for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations; provided that, if for any reason the LBMA is no longer in operation or if the price of Refined Silver is not calculated on behalf of or confirmed, acknowledged by, or quoted by the LBMA, the Monthly Average Silver Price shall be determined in the manner endorsed by the LBMA, failing which the Monthly Average Silver Price will be determined by reference to the price of Refined Silver on a commodity exchange mutually acceptable to Paramount and the Payee, acting reasonably.

“Monthly Production” means the gross number of contained ounces of Precious Metals and the contained quantity of other Minerals in any shipment delivered to and paid for by a Payor during any given calendar month, provided that if delivery and payment are not made in the same calendar month, the Precious Metals and/or other Minerals shall be deemed to be part of Monthly Production in the calendar month in which the later of (i) delivery and (ii) payment or credit occurs. 

“National Instrument 43-101” means National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (or any successor instrument, rule or policy).

“Net Smelter Returns” has the meaning set out in Section 5(a).

“New Sleeper” means New Sleeper Gold LLC, a company existing under the laws of the State of Nevada.

“Order” means any order, directive, decree, judgment, ruling, award, injunction, direction or request of any Governmental Body or other decision-making authority of competent jurisdiction.

“Other Rights” means all licenses, approvals, authorizations, consents, rights (including surface rights, access rights and rights of way), privileges, concessions or franchises held by the Paramount Entities or required to be obtained from any Person (other than a Governmental Body), for the construction, development and operation of the Sleeper Gold Project, as such construction, development and operation is contemplated by the current or then applicable development or mine plan, as the case may be.

“Owners” means Paramount and Sleeper and their permitted assigns and “Owner” means one of the Owners. 

 

‐ 7 ‐

“Paramount” has the meaning set out on the first page of this Agreement.

“Paramount Entities” means Paramount, Sleeper, New Sleeper and each of their Affiliates from time to time. 

“Paramount Securities Documents” has the meaning set out in Schedule D.

“Parties” means the parties to this Agreement and “Party” means any one of the Parties.

“Payee” has the meaning set out on the first page of this Agreement.

“Payor” means any smelter, refiner, processor, purchaser or other recipient of Monthly Production, provided such entity is not a Paramount Entity.

“Permitted Encumbrances” means the Encumbrances set out in Schedule B.

“Person” means and includes individuals, corporations, bodies corporate, limited or general partnerships, joint stock companies, limited liability companies, joint ventures, associations, companies, trusts, banks, trust companies, Governmental Bodies or any other type of organization or entity, whether or not a legal entity.

“Precious Metals” means gold and silver contained in the Minerals.

“Precious Metals Royalty” has the meaning set out in Section 3(c).

“Property” means all right, title and interest of any of the Paramount Entities to:

	
 
	
(a)
	
patented claims, fee title, mineral or mining leases, and unpatented mining and millsite claims and all accessions and successions thereto, whether created privately or through government action, mineral rights and surface rights, whether owned or leased, easements, surface use agreements and any other right, title or interest to use the surface estate, all as more particularly described in Schedule A; 

	
 
	
(b)
	
to the extent not included in (a) above, patented claims, fee title, mineral or mining leases, and unpatented mining and millsite claims and all accessions and successions thereto, whether created privately or through government action, mineral rights and surface rights, whether owned or leased, easements, surface use agreements and any other right, title or interest to use the surface estate, in each case situated within a (***) circumambient area from the boundary of the claims, accessions and successions referred to in (a) above;

	
 
	
(c)
	
all water, water rights, ditches and ditch rights, reservoirs and storage rights, wells and groundwater rights (whether tributary or nontributary), permits and other evidence of authority, water shares, water contracts, water allotments, and other rights in and to the use of water of any kind or nature, whether like or unlike the foregoing, decreed or undecreed, appurtenant to or historically used on or in connection with the properties and rights referred to in subparts (a) and (b) above, including the water rights described in Schedule A, and all ditches, headgates, outlet structures, measuring devices, pumps, pipelines, sprinkler systems, and other equipment or devices associated with the historical and beneficial use of or otherwise appurtenant to or used in connection with the water rights, and all easements, rights of way, permissions, licenses or other rights associated with the historical and beneficial use of or otherwise appurtenant to or used in connection with any 

 

‐ 8 ‐

	
 
		
of the water rights or water facilities described herein;

	
 
	
(d)
	
all Minerals, Authorizations and Other Rights, all other property, stockpiles, tailings, buildings, structures, facilities and fixtures used, affixed or situated thereon, Utility Commitments and other rights or assets in each case relating to the interests referred to in (a), (b) and (c) above; and

	
 
	
(e)
	
any of the foregoing subsequently acquired.

“Quarterly Operational Report” means a written report in relation to a calendar quarter with respect to the Sleeper Gold Project, to be prepared by or on behalf of the Owners for each quarter, which shall include all of the information contained in the operating reports prepared and provided to the board of directors of any of the Paramount Entities and, to the extent not contained in such reports, will also contain, for such quarter:

	
 
	
(a)
	
types, tons and grade of Minerals mined;

	
 
	
(b)
	
types, tons and grade of Minerals stockpiled;

	
 
	
(c)
	
with respect to the processing facilities, the types, tons and grade of processed Minerals; recoveries for gold, silver and other Minerals; and doré weight and gold and silver grade;

	
 
	
(d)
	
the number of ounces of Precious Metals and the quantity of other Minerals contained in the material processed during such quarter, but not delivered to a Payor by the end of such quarter;

	
 
	
(e)
	
the number of ounces of Precious Metals and the quantity of other Minerals produced and delivered to a Payor, and the names and addresses of each such Payor;

	
 
	
(f)
	
the credit/payment to the Payee and/or estimated credit/payment to the Payee with respect to Precious Metals and other Minerals referred to in subsection (c) on account of the Royalty;

	
 
	
(g)
	
a reconciliation between any estimated credit/payment specified in a Quarterly Operational Report pursuant to subsection (f) for a preceding calendar quarter and the final credit/payment; 

	
 
	
(h)
	
the number of ounces of unsold Precious Metals in inventory, at the Property, and at the refinery;

	
 
	
(i)
	
the amount and a description of operating and capital expenditures;

	
 
	
(j)
	
an exploration update for the previous calendar quarter, including (x) the exploration focus (including details of any exploration targets), (y) the number of meters drilled and the applicable drill results, and (z) the exploration expenditures; 

	
 
	
(k)
	
a comparison of the annual forecast production to the annual budgeted production; and

	
 
	
(l)
	
any material changes from the most recent production forecasts provided to the Payee.

“Records” means all of the Paramount Entities’ present and future books, records and data of every kind or nature, including books of account, purchase and sale agreements, invoices, ledger cards, 

 

‐ 9 ‐

bills of lading and other shipping evidence, statements, correspondence, memoranda, credit files, electronically stored data and other data, together with the tapes, disks, diskettes, drives and other data and software storage media and devices, file cabinets or containers in or on which the foregoing are stored (including any rights of a Paramount Entity with respect to the foregoing maintained with or by any other Person).

“Refined Gold” means marketable metal bearing material in the form of gold bars or coins that is refined by an accredited refiner that is on the LBMA’s Good Delivery List to a minimum 995 parts per 1,000 fine gold and that otherwise meets the LBMA’s Good Delivery Rules.

“Refined Silver” means marketable metal bearing material in the form of silver bars or coins that is refined by an accredited refiner that is on the LBMA’s Good Delivery List to a minimum 999 parts per 1,000 fine silver and that otherwise meets the LBMA’s Good Delivery Rules.

“Royalty” has the meaning set out in Section 3(a).

“Royalty Deed” has the meaning set forth in Section 3(a).

“Sales Taxes” means sales, transfer or value added Taxes or Taxes on the receipt of sales of any nature or kind.

“Securities Regulatory Authorities” has the meaning set out in Schedule D.

“SEDAR” means the System for Electronic Document Analysis and Retrieval. 

“Sleeper” has the meaning set out first page of this Agreement.

“Sleeper Gold Project” means the Property, the mining, development, production, processing, recovery, sale, transportation, storage and delivery operations and related assets and other assets located on or at or used in connection with the Property or to mine the Minerals from the Property, including all Minerals, Authorizations, Other Rights, tailings, fixtures, mines, facilities, equipment and inventory, existing or to be developed, constructed, and operated at or in respect of the Property, including infrastructure assets, tailings management facilities and other plants.

“Solvent” means, when used with respect to a Person, that:

	
 
	
(a)
	
the fair saleable value of the assets of such Person is in excess of the total amount of the current value of its liabilities (including for purposes of this definition all liabilities (including loss reserves), whether or not reflected on a balance sheet prepared in accordance with GAAP and whether direct or indirect, fixed or contingent, secured or unsecured, disputed or undisputed); 

	
 
	
(b)
	
such Person is able to pay its debts or obligations in the ordinary course as they mature; 

	
 
	
(c)
	
such Person has capital sufficient to carry on its business; and

	
 
	
(d)
	
such Person is not otherwise insolvent as defined by any Applicable Law; 

and “Insolvent” shall have a correlative meaning.

“Subsidiary” means with respect to any Person, any other Person which is controlled directly or indirectly by that Person.

 

‐ 10 ‐

“Taxes” means all taxes of any kind or nature whatsoever including corporation taxes, capital taxes, realty taxes (including utility charges which are collectible like realty taxes), net proceeds of mines tax, privilege taxes, excise taxes, business taxes, property transfer taxes, income taxes, Sales Taxes, customs duties, payroll taxes, levies, stamp taxes, royalties, duties, and all fees, including claim fees, deductions, compulsory loans and withholdings imposed, levied, collected, withheld or assessed as of the date hereof or at any time in the future, by any Governmental Body of any jurisdiction whatsoever having power to tax, together with penalties, fines, additions to tax and interest thereon.

“Transfer”, when used as a verb, means to sell, grant, assign, encumber, hypothecate, pledge or otherwise dispose of or commit to dispose of, directly or indirectly, including through mergers, arrangements, amalgamations, consolidations, asset sales or spin out transactions. When used as a noun, “Transfer” means a sale, grant, assignment, pledge or disposal or the commitment to do any of the foregoing, directly or indirectly, including through mergers, arrangements, amalgamations, consolidations, asset sales or spin out transactions.

“Utility Commitment” means any water service commitments and agreements, transmission or electrical service commitments and agreements and other utility commitments and agreements including the infrastructure, rights of way and easements necessary to provide the aforementioned utility services.

	
2.
	
Interpretation.

	
 
	
(a)
	
Interpretation of Certain Matters. In this Agreement, unless otherwise specifically provided or unless the context otherwise requires:

	
 
	
(i)
	
the terms “Agreement”, “this Agreement”, “the Agreement”, “hereto”, “hereof”, “herein”, “hereby”, “hereunder” and similar expressions refer to this Agreement in its entirety and not to any particular provision hereof;

	
 
	
(ii)
	
references to a “Section” or “Schedule” followed by a number or letter refer to the specified Section of or Schedule to this Agreement;

	
 
	
(iii)
	
references to a Party in this Agreement mean the Party or its successors or permitted assigns;

	
 
	
(iv)
	
the division of this Agreement into articles and sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement;

	
 
	
(v)
	
the words “including”, “includes” and “include” shall be deemed to be followed by the words “without limitation”;

	
 
	
(vi)
	
any time period within which a payment is to be made or any other action is to be taken hereunder shall be calculated excluding the day on which the period commences and including the day on which the period ends;

	
 
	
(vii)
	
whenever any payment is required to be made, action is required to be taken or period of time is to expire on a day other than a Business Day, such payment shall be made, action shall be taken or period shall expire on the next following Business Day;

 

‐ 11 ‐

	
 
	
(viii)
	
references to agreements and other contractual instruments shall be deemed to include all subsequent amendments and other modifications thereto, but only to the extent such amendments and other modifications are not prohibited by the terms of this Agreement; and

	
 
	
(ix)
	
references to statutes or regulations are to be construed as including all statutory and regulatory provisions consolidating, amending, supplementing, interpreting or replacing the statute or regulation referred to.

	
 
	
(b)
	
Currency. All references in this Agreement to currency or to “$”, unless otherwise expressly indicated, shall be to United States dollars.

	
 
	
(c)
	
Accounting Principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made, for the purposes of this Agreement, including the contents of any certificate to be delivered hereunder, such determination, consolidation or computation shall, unless the Parties otherwise agree or the context otherwise requires, be made in accordance with GAAP applied on a consistent basis.

	
 
	
(d)
	
Time of Essence. Time is of the essence of this Agreement.

	
3.
	
Royalty

	
 
	
(a)
	
Grant of Royalty. Effective as of the Effective Date, the Owners hereby create, grant and convey to the Payee, and agree to pay to the Payee, a perpetual royalty (the “Royalty”) in the amount of 2% of Net Smelter Returns, payable on a monthly basis, from Minerals produced from the Property, determined in accordance with the provisions set forth in this Agreement, in consideration of the Cash Consideration which shall be paid by the Payee to the Owners on the Effective Date by wire transfer to an account to be designated by the Owners and notified to the Payee in writing at least one Business Day prior to the Effective Date. The Owners shall evidence the grant of the Royalty to the Payee through a form of deed substantially in the form attached hereto as Schedule E and satisfactory to the Payee, acting reasonably (the “Royalty Deed”), which deed shall be recorded against the Property senior to any and all other Encumbrances, including those then existing, other than the Permitted Encumbrances.

	
 
	
(b)
	
Area of Interest. If, at any time, and from time to time, any Paramount Entity hereafter acquires any additional Property that would fall under the meaning of subpart (b) of the definition of such term, the Owners shall, at their cost and expense, promptly create, grant and convey (or cause to be created, granted and conveyed) the equivalent Royalty to the Payee in respect thereof, and promptly execute and deliver (or cause to be executed and delivered) all further instruments and documents (including an amended Royalty Deed reflecting such additional property interest in form and substance satisfactory to the Payee), and take (or cause to be taken) all further action, that may be necessary or desirable, or that the Payee may reasonably request (including recording such amended Royalty Deed), in order to create, grant, convey, record or otherwise evidence such Royalty. Such Royalty and any credits/payments on account thereof shall be held in trust for the Payee until such Royalty has been created, granted and conveyed to the Payee and credits/payments made to the Payee as contemplated by this Section 3(b).

 

‐ 12 ‐

	
 
	
(c)
	
Time and Manner of Payment. The Payee shall receive payments of the Royalty to the extent relating to gold and silver (the “Precious Metals Royalty”) as an in-kind credit in the form of Refined Gold and Refined Silver, as the case may be, by way of credit in metal or physical allocation to the metal account specified by the Payee for such purpose, within the time periods set forth in and otherwise in accordance with Section 6, unless the Payee, at its option, elects to receive all or a portion of the Precious Metals Royalty as a cash payment. If the Payee wishes to receive all or a portion of the Precious Metals Royalty as a cash payment for a particular month, the Payee shall give written notice thereof to the Owners at least 30 days prior to the commencement of such month, and, in such case, the Owners shall pay the Precious Metals Royalty, or the applicable portion thereof, in cash within 10 days of the last day of such month. The Royalty other than the Precious Metals Royalty shall be paid in cash by the Owners within 10 days of the last day of each calendar month. The cash payments shall be made by wire transfer to an account to be designated by the Payee and notified to the Owners at least three Business Days prior to the payment date. For greater certainty, the Payee shall not be responsible for, and all Royalty payments shall be made free of, any Deductions, all of which shall be for the account of the Owners, except as specifically provided for in Sections 3, 5 and 6.

	
 
	
(d)
	
Late Charge. If the credit/payment of the Royalty in respect of Monthly Production in a particular month is not made within 30 days after the last day of such month, the Payee may give the Owners written notice of such default. Unless the Payee shall have received such credit/payment within five days of receipt of such notice an additional cash sum equal to 12% of the amount of the delinquent payment (the “late charge”) shall be payable to the Payee, plus interest on the delinquent credit/payment and the late charge at the rate of 12% per annum, which shall accrue from the day the delinquent credit/payment was due to the date of credit/payment of the Royalty, late charge and accrued interest in full. 

	
 
	
(e)
	
Royalty Statements. Each credit/payment of the Royalty shall be accompanied by a detailed statement explaining the manner in which the credit/payment was calculated and shall also include the following information:

	
 
	
(i)
	
settlement ounces (or other quantities in the case of Minerals other than Precious Metals) of all Monthly Production; 

	
 
	
(ii)
	
the prices used for the calculation of the Royalty;

	
 
	
(iii)
	
any Allowable Deductions applied to the Royalty;

	
 
	
(iv)
	
other Deductions, if any, by a Payor;

	
 
	
(v)
	
any other pertinent information in sufficient detail to explain the calculation of the credit/payment; and

	
 
	
(vi)
	
such other information as the Payee may reasonably request.

Such statement shall be accompanied by copies of the relevant settlement sheets from a Payor and invoices for all Allowable Deductions applied to the Royalty. Such statement shall be deemed conclusively correct if the Payee has not objected to it in writing within 24 months after receipt thereof.

 

‐ 13 ‐

	
 
	
(f)
	
Insurance Proceeds. Notwithstanding any other provisions of this Agreement, if the Paramount Entities receive insurance proceeds for any Precious Metals or other Minerals that are lost or damaged, the Owners shall pay to the Payee, in lieu of the credit/payment of the Royalty in respect of such Precious Metals or other Minerals that were lost or damaged, an amount equal to 2% of the gross insurance proceeds which are received by the Paramount Entities for such Precious Metals or other Minerals. The Owners shall pay such amount in cash within 10 days of any Paramount Entity receiving such insurance proceeds in cash by wire transfer to an account to be designated by the Payee and notified to the Owners in writing at least three Business Days prior to the payment date. The amount of gross proceeds received by the Paramount Entities on account of the lost or damaged Precious Metals or other Minerals shall be conclusively determined by the insurance settlement documents.

	
 
	
(g)
	
Hedging Activities. All profits and losses resulting from the Paramount Entities entering into any Hedging Activities are specifically excluded from calculations of the Royalty pursuant to this Agreement. All Hedging Activities entered into by the Paramount Entities and all profits or losses associated therewith, if any, shall be solely for the account of the Paramount Entities. The Royalty payable on Precious Metals or other Minerals subject to Hedging Activities shall be determined in the same manner as provided in Sections 3, 5 and 6, with the understanding that the Precious Metals or other Minerals subject to Hedging Activities shall be deemed to be part of Monthly Production, with the Monthly Average Gold Price, Monthly Average Silver Price or Monthly Average COMEX Price, as applicable, for such month being used in the calculation of the Royalty.

	
 
	
(h)
	
Nature of Interest. The Parties further agree as follows: 

	
 
	
(i)
	
The Parties agree that the Royalty is intended to be an interest in real property and constitute the grant of a vested present interest in the Property and a covenant running with the land and all successions thereof, whether created privately or through government action. The Royalty shall be applicable to the Property and binding upon the Owners and the successors and assigns of the Property.

	
 
	
(ii)
	
The Payee shall have all of the rights and incidents of ownership of a non-participating royalty owner, which incidents are covenants running with the Property and include: (a) the ownership of the non-participating royalty interests which are interests in real property; (b) the right to receive, free of expenses other than those deductible in the calculation of Net Smelter Returns, the Royalty payments; and (c) the obligation of the Owners, their successors or assigns, to make the Royalty payments, which obligation shall run with the land. The Payee, however, shall not have or claim any incidents of the fee simple ownership in the Property, which incidents include: (a) the right to enter, explore, develop or mine the claims; (b) the right to execute leases, operating agreements, or similar instruments with respect to the Property; (c) the right to share in bonus payments made as the consideration for the execution of leases or other instruments; and (d) except as expressly provided herein, the right to participate in any manner in the decisions concerning, or the conduct of, operations on the Property. 

	
 
	
(iii)
	
The Royalty shall attach to any amendments, relocations or conversions of any mining claim, license, lease, concession, permit, patent or other tenure comprising the Property, or to any renewals or extensions thereof. If the United States establishes a leasing system or other system of tenure for lands or minerals now 

 

‐ 14 ‐

	
 
		
subject to location under applicable mining laws, and if the new system gives the Owners an election to acquire rights under the new system in exchange for or in modification of property rights comprising part of the Property, this Agreement and the Royalty shall extend to the lease or other rights granted by the new system in exchange for such property rights included in the Property. 

	
 
	
(iv)
	
The Payee’s interest in Precious Metals or other Minerals on account of the Royalty shall become the property of the Payee at the time of production of Precious Metals or other Minerals and shall be held by the Owners in trust for the Payee until credited/paid to the Payee.

	
 
	
(v)
	
The Parties agree that to the extent that NRS 111.1031 (or its statutory equivalent) applies to the Royalty, the Royalty shall terminate on the date that is three hundred and sixty-four (364) years following its creation. 

	
4.
	
Payment of Cash Consideration

	
 
	
(a)
	
In consideration for the creation, grant and conveyance of the Royalty under and pursuant to Section 3(a) of this Agreement, the Payee hereby agrees to pay and deliver to the Owners the Cash Consideration on the Effective Date.

	
 
	
(b)
	
Conditions Precedent. The obligation of the Payee to pay the Cash Consideration to the Owners shall be subject to the satisfaction or waiver of the following:

	
 
	
(i)
	
The Payee shall have completed due diligence to its satisfaction.

	
 
	
(ii)
	
The Payee shall have received an original copy of the Documents, duly executed by each of the Owners.

	
 
	
(iii)
	
All of the representations and warranties made by the Owners pursuant to Schedule D shall be true and accurate in all respects as if made on and as of the Effective Date.

	
 
	
(iv)
	
No Material Adverse Effect shall have occurred and be continuing.

	
 
	
(v)
	
The Paramount Entities shall have completed to the satisfaction of the Payee the recording of the Royalty Deed in the recorder’s office in Humboldt County, Nevada. 

	
 
	
(vi)
	
Paramount shall have delivered to the Payee:

	
 
	
(A)
	
a favorable legal opinion, in form, substance and detail satisfactory to the Payee, acting reasonably, pertaining to the (1) legal status of the Owners, (2) power and authority of the Owners to execute, deliver and perform this Agreement and the Royalty Deed, (3) authorization, execution and delivery of this Agreement and the Royalty Deed, and (4) enforceability of this Agreement, the Royalty and the Royalty Deed; and

	
 
	
(B)
	
a favorable title opinion or report confirming the Owners’ title in and to the Property and that there are no Encumbrances except for Permitted Encumbrances with respect to the Property.

 

‐ 15 ‐

	
 
	
(vii)
	
Paramount shall have provided to the Payee the waiver or evidence of expiry of the pre-emptive purchase right in accordance with and pursuant to the Existing Royalty Agreements.

	
 
	
(viii)
	
The Payee shall have received a certificate signed by an authorized senior officer of each of the Owners confirming the matters set forth in clauses (iii) and (iv) above.

	
 
	
(c)
	
Obligation to Satisfy Conditions. The Paramount Entities shall use all commercially reasonable efforts and take all reasonable action as may be necessary or advisable to satisfy and fulfill all the conditions set forth in this Section 4 as soon as practicable. The Payee shall co-operate with the Paramount Entities in exchanging such information and providing such assistance as may be reasonably required in connection with the foregoing.

	
 
	
(d)
	
Waiver of Conditions. Each of the conditions set forth in Section 4(a) is for the exclusive benefit of the Payee, and may be waived by the Payee in writing, in its sole discretion in whole or in part.

	
5.
	
Calculation of Net Smelter Returns

	
 
	
(a)
	
Net Smelter Returns. “Net Smelter Returns” for any given calendar month means the amount determined by the following formula:

(A x B) – C

where

“A” is the Monthly Production;

“B” is (i) in the case of gold, the Monthly Average Gold Price, (ii) in the case of silver, the Monthly Average Silver Price, or (iii) in the case of other Minerals, the Monthly Average COMEX Price; and

“C” is Allowable Deductions.

	
 
	
(b)
	
Allowable Deductions. For the purposes of calculating Net Smelter Returns, “Allowable Deductions” shall mean the following Deductions (without duplication), but only if and to the extent actually incurred and paid by the Paramount Entities in respect of the Monthly Production: 

	
 
	
(i)
	
in the case of Precious Metals shipped from the Property in the form of doré:

	
 
	
(A)
	
charges and costs, if any, for transportation and insurance of doré from the Paramount Entities’ final mill or other final processing plant to places where such doré is refined (including loading, freight, insurance, security, surveyor fees, handling fees, port fees, demurrage, and forwarding expenses incurred by reason of or in the course of transportation); and

	
 
	
(B)
	
charges imposed by the refiner for refining doré into Refined Gold or Refined Silver, as applicable;

 

‐ 16 ‐

and, for greater certainty, no Deductions of the type referred to in (A) or (B) in this clause (i) or in (A) or (B) of clause 5(b)(ii) below shall be applicable in the case of Precious Metals which are shipped from the Property other than in the form of doré;

	
 
	
(ii)
	
in the case of Minerals other than Precious Metals shipped from the Property: 

	
 
	
(A)
	
subject to Section 5(c), charges and costs, if any, for transportation and insurance of Minerals that have already been processed into concentrate or other beneficiated product to places where such Minerals are subject to a final treatment process (whether by smelting, refining or otherwise) including loading, freight, insurance, security, surveyor fees, handling fees, port fees, demurrage, and forwarding expenses incurred by reason of or in the course of transportation; and

	
 
	
(B)
	
costs and charges for smelting or refining or other final treatment process; and

	
 
	
(iii)
	
in the case of cash payments pursuant to Section 3(c), actual selling, marketing and brokerage costs of Refined Gold, Refined Silver or other Minerals, as applicable,

provided that if Minerals are processed on or off the Property in facilities owned or controlled, in whole or in part, by a Paramount Entity, Allowable Deductions will not include any Deductions that are in excess of those that would have been incurred and have been deductible under this Agreement had such processing been carried out at facilities not owned or controlled by a Paramount Entity then offering comparable services for comparable products on prevailing terms.

	
 
	
(c)
	
Processing Prior to Final Treatment. For greater certainty, if the Paramount Entities ship Minerals for processing or beneficiation at a facility prior to final treatment as contemplated in Section 5(b)(ii)(B), no deductions for transportation of the Minerals to or the processing of the Minerals at the facility will apply (including any deduction for toll milling).

	
 
	
(d)
	
Provisional Settlement. Where the Paramount Entities receive any payment for Monthly Production from a Payor on a provisional basis, the amount of the Royalty payable shall be based on the gross number of ounces of Precious Metals or quantity of other Minerals credited by such provisional settlement, but shall be adjusted as between the Owners and the Payee to account for the quantity of Precious Metals or other Minerals established by final settlement with a Payor.

	
6.
	
In-Kind Credit of Precious Metals Royalty

	
 
	
(a)
	
In-Kind Credits. In-kind credits of the Precious Metals Royalty shall be made in accordance with this Section 6. 

	
 
	
(b)
	
Manner of Credit. In the case of Precious Metals shipped by the Paramount Entities in the form of doré, the Owners shall credit the Payee’s account with 2% of the Refined Gold and 2% of the Refined Silver derived from Minerals and credited to the Paramount Entities by the refiner (in each case less Taxes, if any, withheld pursuant to Section 7(c)) as soon as practicable and in any event no later than two Business Days after Refined Gold or 

 

‐ 17 ‐

	
 
		
Refined Silver is credited to the Paramount Entities. In the case of Precious Metals shipped by the Paramount Entities other than in the form of doré, such credit shall be determined as 2% of the applicable Monthly Production of Precious Metals shipped by the Paramount Entities other than in the form of doré and credited to the Payee’s account (less Taxes, if any, withheld pursuant to Section 7(c)) no later than 10 days after the last day of each calendar month. In all cases, such credits shall be made in accordance with written instructions given to the Owners by the Payee as provided in Section 3(c). Once the Owners have received instructions from the Payee, such instructions shall remain in effect until it has received different instructions from the Payee.

	
 
	
(c)
	
Payment for Allowable Deductions. The Parties acknowledge and agree that if the Payee receives the Royalty as an in-kind credit in the form of Refined Gold and/or Refined Silver pursuant to this Section 6, the Royalty will not reflect the Allowable Deductions deductible in calculating Net Smelter Returns under this Agreement and, therefore, subject to receipt by the Payee of in-kind credits pursuant to Section 6(b), the Payee shall remit a cash payment (the “In-Kind Deduction Payment”) to the Owners in an amount equal to its proportionate share of Allowable Deductions in respect of such credits. The In-Kind Deduction Payment shall be made within 30 days of receipt of invoices for such Allowable Deductions by wire transfer to an account to be designated by the Owners, and notified to the Payee in writing at least three Business Days prior to the payment date. If an In-Kind Deduction Payment in respect of Allowable Deductions for a particular month is not made within 30 days of receipt of invoices for such Allowable Deductions, the Owners shall be permitted to set-off the amount of such In-Kind Deduction Payment against any future credits/payments of the Royalty to the Payee, plus interest on such amount at the rate of 12% per annum, which shall accrue from the day such delinquent In-Kind Deduction Payment was due to the date of payment in full.

	
 
	
(d)
	
Monthly Pricing Not to Apply. Notwithstanding the use of the Monthly Average Gold Price and Monthly Average Silver Price in the calculation Net Smelter Returns, the Parties agree that receipt of in-kind credits by the Payee in compliance with this Section 6 shall constitute payment of the Royalty, notwithstanding any difference between the spot prices for gold and silver on the date of credit and the Monthly Average Gold Price and Monthly Average Silver Price, respectively, applicable to the Precious Metals credited.

	
 
	
(e)
	
Arrangements with Payor. The Owners shall ensure that all contractual or other arrangements entered into by Paramount Entities with a Payor shall contain provisions implementing the terms and conditions of payment set forth in Sections 3, 5 and 6 and shall procure the written undertaking of a Payor contractually binding a Payor to performance in accordance with Sections 3, 5 and 6 in form and substance enforceable by the Payee. The Owners acknowledge their primary obligation to pay the Royalty and that no undertaking by a Payor shall relieve the Owners of that obligation. The Owners agree to, jointly and severally, indemnify and save the Payee harmless from and against any and all Losses suffered or incurred by the Payee as a result of, in respect of or as a consequence of a Payor’s failure to deliver in-kind credits within the time periods provided by this Agreement or the breach or non- performance by a Payor under any contractual or other arrangements entered into by Paramount Entities with a Payor pursuant to or for the purposes of complying with Sections 3, 5 and 6.

	
7.
	
(***)

	
 
	
(a)
	
(***)

 

‐ 18 ‐

	
 
	
(b)
	
(***)

	
 
	
(c)
	
(***) 

	
 
	
(d)
	
(***)

	
 
	
(i)
	
(***)

	
 
	
(ii)
	
(***)

	
 
	
(e)
	
(***) 

	
 
	
(f)
	
(***)

	
8.
	
Reporting Obligations

	
 
	
(a)
	
Reports. The Owners shall deliver or cause to be delivered to the Payee:

	
 
	
(i)
	
within 15 days after the end of each calendar quarter, a Quarterly Operational Report in respect of the Sleeper Gold Project;

	
 
	
(ii)
	
within 45 days after the end of each fiscal year, an Annual Operational Report; and

	
 
	
(iii)
	
at least 45 days before the beginning of each fiscal year, an Annual Forecast Report.

	
 
	
(b)
	
Geological Reports. Except if Paramount is a reporting issuer and such materials are filed on SEDAR promptly after they become available, the Owners shall promptly deliver to the Payee a copy any technical reports prepared in accordance with National Instrument 43-101 or updated mineral reserve and mineral resource estimates produced that pertain to the Property.

	
 
	
(c)
	
Claims Fee Filings and Payment Receipts. By no later than September 5th of each calendar year, the Owners shall deliver to the Payee written evidence that the annual maintenance fee for all unpatented mining claims within the Property have been paid (except for Property that has been properly abandoned in accordance with this Agreement), and copies of the Affidavit and Notice of Intent to Hold Claims recorded in the State of Nevada with respect to the Property.

	
 
	
(d)
	
Development and Mine Plans. The Owners shall promptly deliver to the Payee a copy of the current development plan or mine plan, as applicable, for the Sleeper Gold Project and a new copy thereof promptly upon any material amendment thereto.

	
 
	
(e)
	
Other Notices. The Owners shall deliver to the Payee:

	
 
	
(i)
	
promptly after either of the Owners have knowledge or becomes aware thereof, written notice of all material actions, suits and proceedings before any Governmental Body or arbitrator, pending or threatened, against or directly affecting the Sleeper Gold Project, including any actions, suits, claims, notices of violation, hearings, investigations or proceedings with respect to the ownership, use, maintenance and operation of the Sleeper Gold Project, including those relating to Environmental Laws;

 

‐ 19 ‐

	
 
	
(ii)
	
promptly after either Owner has knowledge or becomes aware thereof, written notice of any other condition or event which has resulted, or that could reasonably be expected to result, in a Material Adverse Effect; and

	
 
	
(iii)
	
such other statements, lists of property and accounts, budgets, forecasts, projections, reports, or other information respecting the Sleeper Gold Project as the Payee may from time to time reasonably request.

Each notice pursuant to clauses (i) and (ii) above shall be accompanied by a written statement by an authorized senior officer of each of the Owners setting forth all material information relating to the occurrence referred to therein, including any action which the Paramount Entities have taken or propose to take with respect thereto.

	
9.
	
Records; Audits; Inspections

	
 
	
(a)
	
Records. The Owners shall ensure that the Paramount Entities each keep true, complete and accurate Records of all material operations and activities with respect to the Property, including the mining, treatment, processing, refining, transportation and sale of Minerals and in which complete entries will be made, in accordance with GAAP applied on a consistent basis.

	
 
	
(b)
	
Annual Audits. Upon not less than three Business Days’ notice and not more than once each calendar year (absent any dispute in respect of this Agreement), the Payee and its authorized representatives shall be entitled, at its own cost and expense, to perform audits or other reviews and examinations of the Records of the Paramount Entities relevant to the payment of the Royalty pursuant to this Agreement and to otherwise confirm compliance by the Paramount Entities with the terms of this Agreement. The Owners shall ensure that the Paramount Entities each provide the Payee with complete access to all the Paramount Entities’ Records at the Paramount Entities’ offices during usual business hours. If any such audits reveal a material breach of any provision of this Agreement or that credits/payments on account of the Royalty for any calendar year have been underpaid by more than 3%, the Owners shall reimburse the Payee for its costs and expenses incurred in such audit, otherwise all costs and expenses incurred in connection with such audit shall be for the account of the Payee.

	
 
	
(c)
	
Inspections. At reasonable times and with the prior consent of the Owners (not to be unreasonably withheld or delayed), the Payee and its authorized representatives shall have a right of access to all surface and subsurface portions of the Property, to any mill, smelter, concentrator or other processing facility owned or operated by any Paramount Entity that is used to process Minerals and to any related operations of the Paramount Entities for the purpose of enabling the Payee to monitor compliance by the Paramount Entities with the terms of this Agreement and/or to comply with the obligations of the Payee or any of its Affiliates under National Instrument 43-101 (or any other applicable Canadian and/or US securities laws and/or stock exchange rules and policies governing the disclosure obligations of the Payee or any of its Affiliates), as determined by the Payee acting reasonably. The Payee and its authorized representatives shall have the further right to: (i) inspect and take copies of the Records pertaining to the Property, mill, smelter, concentrator, other processing facilities and related operations; (ii) take samples from the Property or any stockpile of Minerals, any mill, smelter, concentrator or other processing facility and any Payor for purposes of assay verification; and (iii) weigh, or to cause the Paramount Entities to weigh, all trucks transporting Minerals from the Property to any mill, 

 

‐ 20 ‐

	
 
		
smelter, concentrator or other processing facility that is used to process Minerals prior to dumping of such ore and immediately following such dumping.

	
 
	
(d)
	
Investor Tours. Upon not less than 10 Business Days’ notice to the Owners, and up to two times in any calendar year, the Payee shall have the right to conduct an investors tour on the Property and any facilities associated therewith. 

	
 
	
(e)
	
Technical Reports. If any Paramount Entity prepares a technical report under National Instrument 43-101 (or similar report) in respect of the Property, upon the request of the Payee, the Owners shall use commercially reasonable efforts to cause the author(s) of such report to provide, at the sole cost and expense of the Payee, (i) a copy of such report to be addressed to the Payee or any of its Affiliates, (ii) the relevant certificates and consents of the author(s) required in connection with the filing of and reference to such report to be provided to the Payee or any of its Affiliates, and (iii) such other consents in connection with the use of or reliance upon such report by the Payee or any of its Affiliates from time to time in its public disclosure as may be required by the Payee. If the Payee or any of its Affiliates is required by applicable Canadian and/or US securities laws and/or stock exchange rules and policies governing the disclosure obligations of the Payee or any of its Affiliates to prepare a technical report under National Instrument 43-101 (or similar report) in respect of the Property and chooses to prepare its own technical report (or similar report), the Owners shall cooperate with and allow the Payee and its authorized representatives to access technical information pertaining to the Property and complete site visits at the Property so as to enable the Payee or its Affiliates, as the case may be, to prepare the technical report (or similar report) in accordance with National Instrument 43-101 (or any other applicable Canadian and/or US securities laws and/or stock exchange rules and policies governing the disclosure obligations of the Payee or any of its Affiliates) at the sole cost and expense of the Payee.

	
 
	
(f)
	
Additional Requirements. Access to the Property and associated facilities pursuant to Sections 9(c), (d) and (e) shall be subject to the following: (i) any such access shall be at the sole risk and expense of the Payee, its representatives and its invitees; (ii) any such access shall not unreasonably interfere with the Paramount Entities’ activities and operations; (iii) the Payee shall comply, and request that its representatives and invitees comply, with the policies, rules and procedures, safety training requirements and  that the Paramount Entities apply to their own representatives and invitees, comply with all Applicable Laws relating to health and safety, and shall wear all protective equipment and clothing required by Owner for access to any Property; (iv) the Payee shall give the relevant Paramount Entities prompt notice of any injuries, property damage or environmental harm that may occur during such tour; and (v) the Payee shall indemnify the Paramount Entities from any Losses (excluding loss of profit and consequential or punitive damages) suffered or incurred by any Paramount Entity as a consequence of injury to the Payee, its representatives or its invitees incurred during such access, provided that the foregoing shall not apply to any Losses to the extent they arise primarily from the gross negligence or willful misconduct of any Paramount Entity.

	
10.
	
Maintenance of Existence and Property

	
 
	
(a)
	
Maintenance of Existence. The Owners shall at all times do or cause to be done all things necessary to maintain its corporate or other entity existence and to obtain and, once obtained, maintain all Authorizations necessary to carry on its business and own its assets in each jurisdiction in which it carries on business or in which its assets are located.

 

‐ 21 ‐

	
 
	
(b)
	
Maintenance of Property. Subject to Section 10(e), the Owners shall at all times do or cause to be done all things necessary to maintain the Property in good standing, including paying or causing to be paid all Taxes owing in respect thereof, performing or causing to be performed all required assessment work thereon, paying or causing to be paid all claim, permit and license maintenances fees in respect thereof, paying or causing to be paid all rents and other payments in respect of leased properties forming a part thereof and otherwise maintaining the Property in accordance with Applicable Laws.

	
 
	
(c)
	
Encumbrances. The Owners shall not cause or allow to be registered or otherwise permit to exist any Encumbrance on the Property, other than a Permitted Encumbrance.

	
 
	
(d)
	
No Interest Letter. Upon any Owner entering into any debt financing arrangements, the applicable Owner shall cause the lender(s) to deliver to the Payee, a letter addressed to the Payee which acknowledges the intention and agreement between the Parties that the Royalty constitutes an interest in and covenant running with the land.

	
 
	
(e)
	
Abandonment. 

	
 
	
(i)
	
During the four (4) year period commencing as of the Effective Date, the Owners shall not abandon any claims comprising part of the Property or any other interest in the Property without the prior written consent of the Payee (which may be withheld for any reason).

	
 
	
(ii)
	
Following the four (4) year period in Section 10(e)(i), the Owners shall not abandon any claims comprising part of the Property or any other interest in the Property unless it first complies with this Section 10(e)(ii) (provided that in the case of leased properties, the Owners shall only be required to comply with this Section 10(e)(ii) to the extent permitted under the applicable lease or sublease). If the Owners wish to abandon any of the claims comprising part of the Property or any other interest in the Property (“Abandonment Property”), the Owners shall first give notice of such intention to the Payee at least 60 days in advance of the proposed date of abandonment. If, not less than 15 days before the proposed date of abandonment, the Owners receive from the Payee written notice that the Payee wishes to acquire the Abandonment Property, the applicable Owner shall, without additional consideration, convey the Abandonment Property in good standing by quit claim deed, without warranty, to the Payee or an assignee thereof, and shall thereafter have no further obligation to maintain title to the Abandonment Property. If the Payee does not give such notice to the Owners within the prescribed period of time, the applicable Owner may abandon the Abandonment Property and shall thereafter have no further obligation to maintain title to the Abandonment Property; provided, however, that if any Paramount Entity reacquires a direct or indirect interest in any of the Abandonment Property at any time following such abandonment, the production of Minerals from such property shall be subject to the Royalty and this Agreement. The Owners shall give prompt written notice to the Payee of any such reacquisition.

	
 
	
(f)
	
Title Opinions. If any Paramount Entity prepares, or causes to be prepared, any title opinion or report in respect of all or any portion of the Property, the Owners shall promptly deliver a copy of such opinion or report to the Payee.

 

‐ 22 ‐

	
 
	
(g)
	
Right of Payee to Cure Defects. The Payee may undertake such investigation of the title and status of the Property as it shall deem necessary. If that investigation should reveal defects in the title, the Owners shall forthwith proceed to cure such title defects to the satisfaction of the Payee. If the Owners fail to do so: (i) the Payee may proceed to cure such title defects; (ii) any costs and expenses incurred (including attorney’s fees and costs) by the Payee shall be promptly reimbursed by the Owners; and (iii) the Payee may lien the Property for such amounts until the Owners reimburse the Payee in full.

	
11.
	
Management of Mining Operations

	
 
	
(a)
	
Operational Decisions. Subject to the provisions of this Section 11, all decisions concerning methods, the extent, times, procedures and techniques of any exploration, construction, development and mining operations related to the Property shall be made by the Owners in their sole and absolute discretion.

	
 
	
(b)
	
Performance of Mining Operations. The Owners shall ensure that all exploration, construction, development and mining operations and other activities in respect of the Property will be performed in a commercially reasonable manner in compliance with Applicable Laws, Authorizations and Other Rights, and in accordance with good mining, processing, engineering and environmental practices prevailing in the industry and on the same basis as if the Owners retained full economic interest in the Minerals. The Owners shall use all commercially reasonable and lawful efforts to obtain and, once obtained, maintain all Authorizations necessary to commence and continue development and mining operations on the Property. The Owners shall use all commercially reasonable efforts to ensure that all Minerals from the Property will be processed in a prompt and timely manner. 

	
 
	
(c)
	
Maintenance of Mining Rights. The Owners shall use all commercially reasonable and lawful efforts to maintain and apply for and obtain any and all available renewals and extensions of the Property, Authorizations, Other Rights and any and all other necessary rights in respect of the Sleeper Gold Project and, other than as expressly permitted by this Agreement, not abandon any of the Sleeper Gold Project (including Utility Commitments) or allow or permit any of the Property, Authorizations, Other Rights or such other necessary rights referred to above to terminate or lapse.

	
 
	
(d)
	
Compliance with Applicable Laws. The Owners shall comply, and shall cause all operations and activities conducted at, on or in respect of the Sleeper Gold Project to comply, with all Applicable Laws, all Authorizations and the terms and conditions of Other Rights.

	
 
	
(e)
	
Reclamation Obligations. The Owners shall timely and fully perform, pay and observe, or cause to be performed, observed and paid, any and all liabilities and obligations required by any Applicable Laws, Authorizations or the terms and conditions of Other Rights or by any Governmental Body for the reclamation, restoration or closure of any facility or land used in connection with the Paramount Entities’ operations or activities at, on or in respect of the Sleeper Gold Project or required under this Agreement. 

	
 
	
(f)
	
Stockpiling off Property. The Paramount Entities may temporarily stockpile, store or place Minerals off the Property provided that the Owners shall at all times do or cause to be done all things necessary to ensure that:

	
 
	
(i)
	
such Minerals are appropriately identified as to ownership and origin;

 

‐ 23 ‐

	
 
	
(ii)
	
such Minerals are secured from loss, theft, tampering and contamination; 

	
 
	
(iii)
	
prior to stockpiling, storing or placing such Minerals off the Property, the applicable Paramount Entities shall have entered into and recorded in the applicable County a written agreement in recordable form with the property owner where such stockpiling, storage or placement is to occur providing, among other things, that: (i) the Payee’s rights in and to such Minerals pursuant to the Royalty and this Agreement, insofar as they are applicable, shall continue in full force and effect notwithstanding their removal from the Property; (ii) the Payee’s rights in and to such Minerals shall be the same as if the Minerals had never been removed from the Property; (iii) the Payee’s rights in and to such Minerals shall have precedence over the rights to the Minerals of said property owner, as well as the creditors of said property owner; (iv) the agreement shall be irrevocable as long as the Minerals, or any part thereof, remain on said property; (v) the Payee shall have substantially similar access rights to said property as provided for in respect of the Property under this Agreement; and (vi) the Payee’s rights in and to the Minerals pursuant to the Royalty and this Agreement shall otherwise be preserved; and

	
 
	
(iv)
	
a security interest in such Minerals shall have been granted to the Payee and recorded, in form and substance satisfactory to the Payee.

	
 
	
(g)
	
Commingling. The Owners shall ensure that the Paramount Entities do not process other minerals through their processing plants, or commingle such other minerals with, Minerals mined, produced, extracted or otherwise recovered from the Property, unless (i) the applicable Paramount Entity has adopted and employs reasonable practices and procedures for weighing, determining moisture content, sampling and assaying and determining recovery factors (a “Commingling Plan”), such Commingling Plan to ensure the division of other minerals and Minerals for the purpose of determining the quantum of Minerals; (ii) the Payee shall not be disadvantaged as a result of the processing of other minerals in priority to, or concurrently with, Minerals, or the parties, acting reasonably, shall have entered into an agreement to compensate the Payee for any such disadvantage providing for a commensurate royalty or stream interest in such other minerals or another form of compensation (a “Compensation Agreement”); (iii) the Payee has approved the Commingling Plan and, if applicable, the Compensation Agreement, such approval not to be unreasonably withheld; and (iv) the Paramount Entities keep all books, records, data, information and samples required by the Commingling Plan. The Owners agree to revisit the Commingling Plan and the Compensation Agreement if the Payee determines that circumstances have changed, in order to ensure that the Commingling Plan continues to provide for the accurate measurement of Minerals and the Compensation Agreement reasonably compensates the Payee for any disadvantage.

	
 
	
(h)
	
Waste Materials. All tailings, residues, waste rock, spoiled leach materials, and other waste materials (collectively, “waste materials”) resulting from the Paramount Entities’ operations and activities at and on the Property shall be the sole property of the Paramount Entities, but shall remain subject to the Royalty should the same be processed or reprocessed, as the case may be, in the future and result in the production of Minerals. Notwithstanding the foregoing, the Paramount Entities shall have the right to dispose of waste materials from the Property on or off of the Property and to commingle the same with waste materials from other properties (provided in any case that any sale of waste materials shall be subject to the Royalty). In the event waste materials from the Property 

 

‐ 24 ‐

	
 
		
are processed or reprocessed, as the case may be, the Royalty payable thereon shall be determined using the best engineering and technical practices then available. 

	
12.
	
Royalty and Stream Interests

	
 
	
(a)
	
General Prohibitions. The Owners shall not, without the Payee’s prior written consent (which may be withheld for any reason), create, grant, convey or otherwise agree to any royalty, or enter into any agreements that are similar to a royalty agreement, in each case in respect of all or any portion of the Property.  The Owners shall not, without the Payee’s prior written consent, create, grant, convey or otherwise agree to any stream interest, or enter into any agreements that are similar to a stream agreement (which, for greater certainty, shall not include any Hedging Activity), in each case in respect of all or any portion of the Property, except as expressly permitted by and subject to this Section 12.

	
 
	
(b)
	
Right of First Refusal.  If the Owners (or either of them) receive a bona fide and irrevocable written offer (a “Third Party Offer”) from any Person dealing at arm’s length with the Owners to purchase a stream or similar interest (which, for greater certainty, shall not include any Hedging Activity) (the “Offered Interest”) in all or any portion of the Property for cash consideration, which the Owners either wish to accept or have accepted conditional on and subject to the Payee’s right of first refusal pursuant to this Section 12, the Owners shall promptly give notice of the Third Party Offer (the “Notice of Offer”) to the Payee and comply with this Section 12. The Notice of Offer must contain a copy of the Third Party Offer and disclose the identity and address of the Person making the Third Party Offer (the “Third Party Offeror”). Upon the Notice of Offer being given, the Payee will have the right to purchase all, but not less than all, of the Offered Interest at the same price and upon the same terms and conditions as are contained in the Third Party Offer.

	
 
	
(c)
	
Determination of Price.  If the Offered Interest is being offered for sale to the Third Party Offeror together with or in conjunction with other unrelated assets of the Owners, the Payee will be entitled to purchase only the Offered Interest and the Notice of Offer must specify the Owners' good faith estimate of the cash being offered by the Third Party Offeror for the Offered Interest.  If the Payee does not agree with the Owners’ estimate, the value of the cash being offered for the Offered Interest shall be conclusively determined by a firm of qualified mineral valuators jointly appointed (and the cost of which shall be borne equally) by the Owners and the Payee, each acting reasonably. Such determination shall be binding upon the Owners and the Payee. All time periods referred to in this Section 12 shall be extended by the time taken to obtain such determination.

	
 
	
(d)
	
Exercise and Closing.  If the Payee desires to exercise its right to purchase all of the Offered Interest as contemplated by Section 12(b), it will give notice of exercise (the “ROFR Exercise Notice”) to the Owners within (***) of having been given the Notice of Offer. The giving of the ROFR Exercise Notice shall constitute a legally binding agreement between the Payee and the Owners for the sale by the Owners to the Payee of the Offered Interest in accordance with the terms set out in the Third Party Offer, which sale transaction will be completed (subject to entry into a stream agreement reflecting the Offered Interest and such other customary industry terms in form and substance satisfactory to the Payee) on the date therein provided (or on such other date as the Payee and the Owners may agree) by delivery of the Offered Interest (including such agreement referred to above) by the Owners to the Payee with title, free and clear of all Encumbrances arising on or after the date the Owners received such Third Party Offer, against payment by the Payee to the Owners of the cash consideration by bank wire transfer to the account designated by the 

 

‐ 25 ‐

	
 
		
Owners.  If, at the time of completion, any portion of the Offered Interest is subject to any Encumbrance arising on or after the date the Owners received such Third Party Offer, the Payee will be entitled to deduct from the purchase money to be paid to the Owners the amount required to discharge such Encumbrance and will apply such amount to discharge such Encumbrance, on behalf of the Owners.

	
 
	
(e)
	
No Exercise.  If the Payee does not give the ROFR Exercise Notice in accordance with the provisions of Section 12(d), the right of the Payee to purchase the Offered Interest will terminate and the Owners may sell all, but not less than all, of the Offered Interest to the Third Party Offeror in accordance with the terms of the Third Party Offer at any time within (***) after the expiry of the (***) period specified in Section 12(d). If the sale of the Offered Interest is not completed within such (***) period on such terms, the rights of the Parties pursuant to this Section 12 will again take effect with respect thereto.

	
13.
	
Insurance Matters

	
 
	
(a)
	
Maintenance of Insurance. The Owners shall ensure that insurance is maintained with reputable insurance companies with respect to the Sleeper Gold Project and the operations conducted at, on and in respect thereof against such casualties and contingencies and of such types and in such amounts as is customary in the case of similar operations in the United States of America. Without limiting the foregoing, such insurance shall include workers compensation insurance in amounts required by Applicable Laws, and commercial general liability insurance in such amounts as will, in the Payee’s reasonable judgment, adequately protect the Paramount Entities, the Payee, the Royalty, and the Property from any Losses which may reasonably be expected to arise with respect to this Agreement or the Property and that can be covered by commercial general liability insurance.

	
 
	
(b)
	
Shipment of Minerals. The Owners shall ensure that each shipment of Minerals is adequately insured in such amounts and with such coverage as is customary in the mining industry, until the time that risk of loss and damage for such Minerals is transferred to a Payor.

	
 
	
(c)
	
Loss Payee. The Owners shall cause the Payee to be named a loss payee (as its interests may appear) on all insurance policies of the Paramount Entities covering loss of or damage to the Minerals.

	
 
	
(d)
	
Notice of Loss or Damage. The Owners shall promptly provide the Payee with written notice of any material loss or damage suffered to the Property or any Minerals and whether any Paramount Entity plans to make any insurance claim.

	
14.
	
Representations and Warranties of the Payee

The Payee, acknowledging that the Owners are entering into this Agreement in reliance thereon, hereby makes the representations and warranties to the Owners as set out in Schedule C.

	
15.
	
Representations and Warranties of the Owners

Each of the Owners, jointly and severally, acknowledging that the Payee is entering into this Agreement in reliance thereon, hereby makes the representations and warranties to the Payee as set out in Schedule D. 

 

‐ 26 ‐

	
16.
	
Indemnities

	
 
	
(a)
	
Each of the Owners jointly and severally agree to indemnify and save the Payee and its Affiliates and the directors, officers, employees and agents of the foregoing harmless from and against any and all Losses suffered or incurred by any of them as a result of, in respect of, or arising as a consequence of:

	
 
	
(i)
	
any breach or inaccuracy of any representation or warranty of the Owners contained in this Agreement, including the representations and warranties set forth in Schedule D hereto, or in any document, instrument or agreement delivered pursuant hereto or thereto;

	
 
	
(ii)
	
any breach, including breach due to non-performance, by the Owners of any covenant or agreement to be performed by any of the Owners contained in this Agreement or in any document, instrument or agreement delivered pursuant hereto or thereto; and

	
 
	
(iii)
	
claims brought by third parties against the Payee and its Affiliates and the directors, officers, employees and agents of the foregoing relating to any work, operation, activities or event on, in or under the Property or the Sleeper Gold Project or related thereto,

provided that the foregoing shall not apply to any Losses to the extent they arise from the gross negligence or willful misconduct of such indemnified persons.

	
 
	
(b)
	
This Section 16 shall survive the termination of this Agreement.

	
17.
	
Term

Subject to Section 3(h)(v), the term of this Agreement shall commence on the Effective Date and shall be perpetual. 

	
18.
	
Transfer Rights of the Owners

	
 
	
(a)
	
Prohibited Transfers. The Owners may not Transfer, in whole or in part, their rights and obligations under this Agreement or all or any portion of the Property unless the Transferee has first entered into an agreement, in form and substance satisfactory to the Payee, agreeing to be bound by this Agreement. 

	
 
	
(b)
	
Transfer of Equity Interest. For greater certainty, the Transfer of any equity interest of New Sleeper or Sleeper shall be deemed to be a Transfer in which Section 18(a) applies.

	
 
	
(c)
	
Parent Guarantee. If at any time the ultimate parent of the Paramount Entities (or of any permitted Transferee of all or any portion of the Property) does not directly own any of the Property, such parent company shall deliver to the Payee a parent guarantee, in form and substance satisfactory to the Payee, which guarantees the obligations of the Owner(s) (or of the respective Transferee in the case of a permitted Transfer of all or a portion of the Property) contained in this Agreement. 

	
 
	
(d)
	
Effect of Prohibited Transfer. Any Transfer made in violation of this Section 18 shall be null and void and of no force or effect whatsoever.

 

‐ 27 ‐

	
19.
	
Transfer Rights of the Payee

	
 
	
(a)
	
Transfers. The Payee shall have the right to Transfer or encumber, in whole or in part, its rights and obligations under this Agreement (including the Royalty Deed) to any Person, without the consent of the Owners, upon the delivery of notice of such Transfer to the Owners. In such a case, provided that such Person has agreed to be bound by such Transferred obligations under this Agreement, the Payee, as applicable, shall be released from such Transferred obligations under this Agreement.

	
 
	
(b)
	
Encumbrances. Notwithstanding anything in this Agreement, the Payee shall have the right to Transfer by way of Encumbrance, in whole or in part, its rights and obligations under this Agreement to one or more lenders providing financing to the Payee or any of its Affiliates without notice to, or the consent of, the Owners. If such transferee enforces such Encumbrance, it will provide notice to the Owners and upon delivery of such notice, which notice shall confirm that such transferee agrees to be bound by such transferred obligations under this Agreement, such Transferee shall become a party to this Agreement with all of the rights and obligations of the Payee.

	
20.
	
Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

	
 
	
(a)
	
This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of Nevada. 

	
 
	
(b)
	
ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE ROYALTY DEED OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY MAY BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF NEVADA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING. SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO SUCH PARTY'S ADDRESS SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT IN ANY SUCH COURT. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

	
 
	
(c)
	
EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR ROYALTY DEED IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE ROYALTY DEED OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH 

 

‐ 28 ‐

	
 
		
PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 20(c).

	
21.
	
Notices

Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be sent or delivered to the respective Parties at their respective addresses, facsimile numbers or e-mail addresses set forth below (or at or to such other address, facsimile, number or e-mail address as shall be designated by any Party in a written notice to the other Parties):

If to any of the Owners:

Paramount Gold Nevada Corp.
665 Anderson Street
Winnemucca, NV, USA
89445

Attention:John Seaberg
Phone Number:(***)
Email:(***)

-and-

Sleeper Mining Company, LLC
665 Anderson Street
Winnemucca, NV, USA
89445

Attention:Carlo Buffone
Phone Number:(***)
Email:(***)

If to the Payee:

Franco Nevada U.S. Corporation
1745 Shea Center Drive, Suite 400
Highlands Ranch, Colorado
USA 80129

Attention:Jeff Jenkins
Fax Number:(***)
Email:(***)

 

with a copy (which shall not constitute notice) to:

Franco Nevada Corporation
199 Bay Street, Suite 2000

 

‐ 29 ‐

P.O. Box 285
Commerce Court Postal Station
Toronto, Ontario
Canada M5L 1G9

Attention:Chief Legal Officer
Fax Number:(***)
Email:(***)

Any notice and communications shall be effective:

	
 
	
(a)
	
if delivered by hand, sent by certified or registered mail or sent by an overnight courier service, when received; and, provided that if such date is a day other than a Business Day, where the recipient Party is located, then such notice shall be deemed to have been given and received on the first Business Day, where the recipient Party is located, following the date of such delivery; and

	
 
	
(b)
	
if sent by facsimile or e-mail transmission and successfully transmitted before 5:00 p.m. on a Business Day, where the recipient Party is located, then on that Business Day, and if transmitted after 5:00 p.m. on that day or on a day that is not a Business Day, then on the first Business Day, where the recipient Party is located, following the date of transmission.

	
22.
	
General Provisions

	
 
	
(a)
	
Further Assurances. Each Party shall execute all such further instruments and documents and shall take all such further actions as may be necessary to effect the transactions contemplated herein, in each case at the cost and expense of the Party requesting such further instrument, document or action, unless expressly indicated otherwise.

	
 
	
(b)
	
Obligations of Paramount Entities. Each Owner agrees to take all action necessary to cause each and every other Paramount Entity that is a Subsidiary of such Owner to observe, comply with and perform its covenants and obligations in this Agreement. To the extent that any covenants or obligations in this Agreement are stated to be covenants or obligations of the Paramount Entities or any of them, and a Paramount Entity is not a party to this Agreement (including any Person that becomes a Paramount Entity after the date of this Agreement), the Owners shall take all action necessary to cause such non-party Paramount Entity to observe, comply with and perform such covenants or obligations, including causing such non-party Paramount Entity to agree in writing in favor of the Payee to be bound by this Agreement.

	
 
	
(c)
	
Memorandum for Recording. The Parties agree that no Party shall record this Agreement in any land records. The Parties agree that the Royalty Deed shall instead be recorded. The costs of preparing and recording the Royalty Deed shall be at the Owners’ cost and expense. 

	
 
	
(d)
	
Confidentiality. The Payee shall not, without the express written consent of the Owners, which consent shall not be unreasonably withheld, disclose any data or information concerning the operations of the Paramount Entities obtained in connection with this Agreement which is not already in the public domain (the “Confidential Information”); provided, however, the Payee may disclose Confidential Information without the consent of the Owners: (i) if required by Applicable Law or requested by a Government Body having jurisdiction over the Payee or its Affiliates; (ii) to the Payee’s Affiliates and to any 

 

‐ 30 ‐

	
 
		
representatives, consultants or advisers of the Payee or its Affiliates for the purpose of providing services to the Payee or its Affiliates; and (iii) to any Person to whom the Payee, in good faith, anticipates Transferring an interest in this Agreement as contemplated by Section 19(a) or 19(b) and such Person’s Affiliates and the representatives, consultants and advisers of such Person or its Affiliates. In the case of disclosure pursuant to clause (ii) or (iii), the Payee shall be responsible to ensure that the recipient of the Confidential Information does not disclose the Confidential Information to the same extent as if it were bound by the same non-disclosure obligations of the Payee hereunder. Notwithstanding the foregoing, the Payee shall not be restricted from disclosing the terms of this Agreement or credits/payments on account of the Royalty. For greater certainty, the Payee shall be entitled to disclose publicly data or information concerning the operations of the Paramount Entities, without the consent of the Owners, once such information has been publicly disclosed by any of the Paramount Entities.

	
 
	
(e)
	
No Partnership. Nothing herein shall be construed to create, expressly or by implication, a joint venture, agency relationship, fiduciary relationship, mining partnership, commercial partnership or other partnership relationship between the Payee and the Paramount Entities. 

	
 
	
(f)
	
Severability. If any provision of this Agreement is wholly or partially invalid, this Agreement shall be interpreted as if the invalid provision had not been a part hereof so that the invalidity shall not affect the validity of the remainder of this Agreement which shall be construed as if this Agreement had been executed without the invalid portion. The Parties agree to negotiate in good faith to replace any illegal, invalid or unenforceable provision of this Agreement with a legal, valid and enforceable provision that, to the extent possible, will preserve the economic bargain of this Agreement, or otherwise to amend this Agreement, including the provision relating to choice of law, to achieve such result.

	
 
	
(g)
	
Entire Agreement. This Agreement constitutes the entire agreement among the Parties pertaining to the subject matter hereof and supersedes all prior agreements, negotiations, discussions and understandings, written or oral, among the Parties. There are no representations, warranties, terms, conditions, assertions of fact, undertakings or collateral agreements, express, implied or statutory, by or between the Parties other than as expressly set forth in this Agreement.

	
 
	
(h)
	
Amendments. This Agreement may not be changed, amended or modified in any manner, except pursuant to an instrument in writing signed on behalf of each of the Parties. 

	
 
	
(i)
	
Waiver. The failure by any Party to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of any such provision unless such waiver is acknowledged in writing, nor shall such failure affect the validity of this Agreement or any part thereof or the right of a Party to enforce each and every provision. No waiver of a breach of this Agreement shall be held to be a waiver of any other or subsequent breach.

	
 
	
(j)
	
Specific Performance. Each Party acknowledges that any breach of this Agreement may cause the other Party (in such case, the “Non-Breaching Party”) irreparable harm for which damages are not an adequate remedy. The Parties agree that, in the event of any such breach, in addition to other remedies at law or in equity that the Non-Breaching Party may have, the Non-Breaching Party shall be entitled to seek specific performance.

 

‐ 31 ‐

	
 
	
(k)
	
No Beneficiaries. This Agreement is intended for the benefit of the Parties and their respective successors and permitted assigns and, except for the indemnified Persons referred to in Section 16, is not for the benefit of, nor may any provision in this Agreement be enforced by, any other Person. With respect to any indemnified Person who is not a party to this Agreement, the Payee, shall obtain and hold the rights and benefits of Section 16 in trust for and on behalf of such indemnified Person.

	
 
	
(l)
	
Costs and Expenses. Unless otherwise provided herein, each of the Parties shall be responsible for paying all costs and expenses incurred by them, respectively, in connection with the negotiation and preparation of this Agreement. 

	
 
	
(m)
	
Counterparts. This Agreement may be executed in one or more counterparts and by the Parties in separate counterparts, each of which when executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or electronic format shall be effective as delivery of a manually executed counterpart of this Agreement.

[Signature page follows.]

 

 

 

 

IN WITNESS WHEREOF the Parties hereto have executed this Royalty Agreement as of the date and year first above written.

				
	
 
	
 
	
PARAMOUNT GOLD NEVADA CORP.

	
By:
	
/s/ Carlo Buffone

	
Name:        
	
Carlo Buffone

	
 
	
 
	
Title:
	
Chief Financial Officer

 

				
	
 
	
 
	
SLEEPER MINING COMPANY, LLC

	
By:
	
/s/ Carlo Buffone

	
Name: 
	
Carlo Buffone

	
 
	
 
	
Title:
	
Manager

 

				
	
 
	
 
	
FRANCO-NEVADA U.S. CORPORATION

	
By:
	
/s/ Jeffrey D Jenkins

	
Name:
	
Jeffrey D. Jenkins

	
 
	
 
	
Title:
	
Director of Finance US Operations & Secretary

 

 

 

SCHEDULE A

DESCRIPTION OF THE PROPERTY

(separately attached hereto)

 

 

 

 

SCHEDULE A

 

 (Sleeper)

 

The following twenty-three (23) unpatented mining claims situated in Humboldt County, Nevada:

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 190
	
1997
	
5172
	
NMC771957

	
LAM 204
	
1997
	
5186
	
NMC771971

	
LAM 205
	
1997
	
5187
	
NMC771972

	
LAM 0201
	
2002
	
5465
	
NMC833020

	
LAM 0202
	
2002
	
5466
	
NMC833021

	
LAM 0203
	
2002
	
5467
	
NMC833022

	
LAM 0204
	
2002
	
5468
	
NMC833023

	
LAM 0205
	
2002
	
5469
	
NMC833024

	
LAM 0206
	
2002
	
5470
	
NMC833025

	
LAM 0207
	
2002
	
5471
	
NMC833026

	
LAM 0208
	
2002
	
5472
	
NMC833027

	
LAM 0209
	
2002
	
5473
	
NMC833028

	
LAM 0210
	
2002
	
5474
	
NMC833029

	
CR 1
	
2007
	
823
	
NMC945647

	
CR 2
	
2007
	
824
	
NMC945648

	
CR 3
	
2007
	
825
	
NMC945649

	
CR 4
	
2007
	
826
	
NMC945650

	
CR 5
	
2007
	
827
	
NMC945651

	
CR 6
	
2007
	
828
	
NMC945652

	
CR 7
	
2007
	
829
	
NMC945653

	
CR 8
	
2007
	
830
	
NMC945654

	
CR 9
	
2007
	
831
	
NMC945655

	
CR 10
	
2007
	
832
	
NMC945656

 

Total of 23 unpatented lode mining claims.

 

 

 

 

 (Alma)

 

The following two hundred and twenty-seven (227) unpatented mining claims situated in Humboldt County, Nevada:

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
ELECTRUM # 11
	
159
	
361
	
NMC235675

	
ELECTRUM # 12
	
159
	
362
	
NMC235676

	
ELECTRUM # 13
	
159
	
363
	
NMC235677

	
ELECTRUM # 21
	
161
	
365
	
NMC239887

	
ELECTRUM # 23
	
161
	
367
	
NMC239889

	
FREE GOLD #  1
	
168
	
103
	
NMC252825

	
FREE GOLD #  2
	
168
	
104
	
NMC252826

	
FREE GOLD #  3
	
168
	
105
	
NMC252827

	
FREE GOLD #  4
	
168
	
106
	
NMC252828

	
FREE GOLD #  5
	
168
	
107
	
NMC252829

	
FREE GOLD #  6
	
168
	
108
	
NMC252830

	
FREE GOLD #  7
	
168
	
109
	
NMC252831

	
FREE GOLD #  8
	
168
	
110
	
NMC252832

	
FREE GOLD #  9
	
168
	
111
	
NMC252833

	
FREE GOLD # 10
	
168
	
112
	
NMC252834

	
DAYLIGHT FRACTION
	
175
	
308
	
NMC269681

	
RR # 2
	
200
	
15
	
NMC340619

	
RR #13
	
200
	
26
	
NMC340630

	
RR #24
	
200
	
37
	
NMC340641

	
RR #26
	
200
	
39
	
NMC340643

	
RR #28
	
200
	
41
	
NMC340645

	
RR #35

(Amended)
	
200

(326)
	
48

(613)
	
NMC340652

	
RR #37
	
200
	
50
	
NMC340654

	
RR #38
	
200
	
51
	
NMC340655

	
RR #39

(Amended)
	
200

(326)
	
52

(611)
	
NMC340656

	
RR #40
	
200
	
53
	
NMC340657

	
ELECTRUM #  1
	
214
	
295
	
NMC371654

	
ELECTRUM #  2
	
214
	
296
	
NMC371655

	
ELECTRUM #  3
	
214
	
297
	
NMC371656

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LLY 1
	
326
	
614
	
NMC683286

	
LLY 2
	
326
	
615
	
NMC683287

	
LLY 3
	
326
	
616
	
NMC683288

	
LLY 4
	
326
	
617
	
NMC683289

	
LLY 5
	
326
	
618
	
NMC683290

	
LLY 6
	
326
	
619
	
NMC683291

	
LLY 7
	
326
	
620
	
NMC683292

	
LLY 8
	
326
	
621
	
NMC683293

	
LLY 9
	
326
	
622
	
NMC683294

	
LLY 10
	
326
	
623
	
NMC683295

	
LLY 11
	
326
	
624
	
NMC683296

	
LLY 12
	
326
	
625
	
NMC683297

	
LLY 13
	
326
	
626
	
NMC683298

	
LLY 14
	
326
	
627
	
NMC683299

	
LLY 15
	
326
	
628
	
NMC683300

	
LLY 16
	
326
	
629
	
NMC683301

	
LLY 17
	
326
	
630
	
NMC683302

	
LLY 18
	
326
	
631
	
NMC683303

	
LLY 19
	
326
	
632
	
NMC683304

	
LLY 20
	
326
	
633
	
NMC683305

	
LLY 21
	
326
	
634
	
NMC683306

	
LLY 22
	
326
	
635
	
NMC683307

	
LLY 23
	
326
	
636
	
NMC683308

	
LLY 24
	
326
	
637
	
NMC683309

	
LLY 25
	
326
	
638
	
NMC683310

	
LLY 26
	
326
	
639
	
NMC683311

	
LLY 27
	
326
	
640
	
NMC683312

	
LLY 28
	
326
	
641
	
NMC683313

	
LLY 29
	
326
	
642
	
NMC683314

	
LLY 30
	
326
	
643
	
NMC683315

	
LLY 31
	
326
	
644
	
NMC683316

	
LLY 32
	
326
	
645
	
NMC683317

	
LLY 33
	
326
	
646
	
NMC683318

	
LLY 34
	
326
	
647
	
NMC683319

	
LLY 35
	
326
	
648
	
NMC683320

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LLY 36
	
326
	
649
	
NMC683321

	
LLY 37
	
326
	
650
	
NMC683322

	
LLY 38
	
326
	
651
	
NMC683323

	
LLY 39
	
326
	
652
	
NMC683324

	
DAY 1
	
333
	
521
	
NMC700996

	
DAY 2
	
333
	
522
	
NMC700997

	
DAY 3
	
333
	
523
	
NMC700998

	
DAY 4
	
333
	
524
	
NMC700999

	
DAY 5
	
333
	
526
	
NMC701000

	
DAY 6
	
333
	
527
	
NMC701001

	
DAY 7
	
333
	
528
	
NMC701002

	
DAY 8
	
333
	
529
	
NMC701003

	
DAY 9
	
333
	
530
	
NMC701004

	
DAY 10
	
333
	
531
	
NMC701005

	
DAY 11
	
333
	
532
	
NMC701006

	
DAY 12
	
333
	
533
	
NMC701007

	
DAY 13
	
333
	
534
	
NMC701008

	
DAY 14
	
333
	
535
	
NMC701009

	
DAY 15
	
333
	
536
	
NMC701010

	
DAY 16
	
333
	
537
	
NMC701011

	
DAY 17
	
333
	
538
	
NMC701012

	
DAY 18
	
333
	
539
	
NMC701013

	
DAY 19
	
333
	
540
	
NMC701014

	
DAY 20
	
333
	
541
	
NMC701015

	
DAY 21
	
333
	
542
	
NMC701016

	
DAY 22
	
333
	
543
	
NMC701017

	
DAY 23
	
333
	
544
	
NMC701018

	
DAY 24
	
333
	
545
	
NMC701019

	
DAY 25
	
333
	
546
	
NMC701020

	
DAY 26
	
333
	
547
	
NMC701021

	
DAY 27
	
333
	
548
	
NMC701022

	
DAY 28
	
333
	
549
	
NMC701023

	
DAY 29
	
333
	
550
	
NMC701024

	
DAY 30
	
333
	
551
	
NMC701025

	
DAY 31
	
333
	
552
	
NMC701026

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
DAY 32
	
333
	
553
	
NMC701027

	
DAY 33
	
333
	
554
	
NMC701028

	
DAY 34
	
333
	
555
	
NMC701029

	
DAY 35
	
333
	
556
	
NMC701030

	
DAY 36
	
333
	
557
	
NMC701031

	
DAY 37
	
333
	
558
	
NMC701032

	
DAY 38
	
333
	
559
	
NMC701033

	
DAY 39
	
333
	
560
	
NMC701034

	
DAY 40
	
333
	
561
	
NMC701035

	
DAY 41
	
333
	
562
	
NMC701036

	
DAY 42
	
333
	
563
	
NMC701037

	
DAY 43
	
333
	
564
	
NMC701038

	
DAY 44
	
333
	
565
	
NMC701039

	
DAY 45
	
333
	
566
	
NMC701040

	
DAY 46
	
333
	
567
	
NMC701041

	
DAY 47
	
333
	
568
	
NMC701042

	
DAY 48
	
333
	
569
	
NMC701043

	
DAY 49
	
333
	
570
	
NMC701044

	
DAY 50
	
341
	
407
	
NMC713671

	
DAY 51
	
341
	
408
	
NMC713672

	
DAY 52
	
341
	
409
	
NMC713673

	
DAY 53
	
341
	
410
	
NMC713674

	
DAY 54
	
341
	
411
	
NMC713675

	
DAY 55
	
341
	
412
	
NMC713676

	
DAY 56
	
341
	
413
	
NMC713677

	
DAY 57
	
341
	
414
	
NMC713678

	
DAY 58
	
341
	
415
	
NMC713679

	
DAY 59

(Amended)

(Amended)
	
341

(203)

(203)
	
416

(2215)

(2619)
	
NMC713680

	
LAM 1
	
1996
	
432
	
NMC730912

	
LAM 2
	
1996
	
433
	
NMC730913

	
LAM 3
	
1996
	
434
	
NMC730914

	
LAM 4
	
1996
	
435
	
NMC730915

	
LAM 5
	
1996
	
436
	
NMC730916

	
LAM 6
	
1996
	
437
	
NMC730917

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 7
	
1996
	
438
	
NMC730918

	
LAM 8
	
1996
	
439
	
NMC730919

	
LAM 9
	
1996
	
440
	
NMC730920

	
LAM 10
	
1996
	
441
	
NMC730921

	
LAM 11
	
1996
	
442
	
NMC730922

	
LAM 12
	
1996
	
443
	
NMC730923

	
LAM 13
	
1996
	
444
	
NMC730924

	
LAM 14
	
1996
	
445
	
NMC730925

	
LAM 15
	
1996
	
446
	
NMC730926

	
LAM 16
	
1996
	
447
	
NMC730927

	
LAM 17
	
1996
	
448
	
NMC730928

	
LAM 18
	
1996
	
449
	
NMC730929

	
LAM 19
	
1996
	
450
	
NMC730930

	
LAM 20
	
1996
	
451
	
NMC730931

	
LAM 21
	
1996
	
452
	
NMC730932

	
LAM 22
	
1996
	
453
	
NMC730933

	
LAM 23
	
1996
	
454
	
NMC730934

	
LAM 24
	
1996
	
455
	
NMC730935

	
LAM 25
	
1996
	
456
	
NMC730936

	
LAM 26
	
1996
	
457
	
NMC730937

	
LAM 27
	
1996
	
458
	
NMC730938

	
LAM 28
	
1996
	
459
	
NMC730939

	
LAM 29
	
1996
	
460
	
NMC730940

	
LAM 30
	
1996
	
461
	
NMC730941

	
LAM 31
	
1996
	
462
	
NMC730942

	
LAM 32
	
1996
	
463
	
NMC730943

	
LAM 33
	
1996
	
464
	
NMC730944

	
LAM 34
	
1996
	
465
	
NMC730945

	
LAM 35
	
1996
	
466
	
NMC730946

	
LAM 36
	
1996
	
467
	
NMC730947

	
LAM 37
	
1996
	
468
	
NMC730948

	
LAM 38
	
1996
	
469
	
NMC730949

	
LAM 39
	
1996
	
470
	
NMC730950

	
LAM 40
	
1996
	
471
	
NMC730951

	
LAM 41
	
1996
	
472
	
NMC730952

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 42
	
1996
	
473
	
NMC730953

	
LAM 43
	
1996
	
474
	
NMC730954

	
LAM 44
	
1996
	
475
	
NMC730955

	
LAM 45

(Amended)
	
1996

(2003)
	
476

(2208)
	
NMC730956

	
LAM 46
	
1996
	
477
	
NMC730957

	
LAM 47

(Amended)
	
1996

(2003)
	
478

(2209)
	
NMC730958

	
LAM 48
	
1996
	
479
	
NMC730959

	
LAM 49
	
1996
	
480
	
NMC730960

	
LAM 50
	
1996
	
481
	
NMC730961

	
LAM 51
	
1996
	
482
	
NMC730962

	
LAM 52
	
1996
	
483
	
NMC730963

	
LAM 53
	
1996
	
484
	
NMC730964

	
LAM 54
	
1996
	
485
	
NMC730965

	
LAM 55
	
1996
	
486
	
NMC730966

	
LAM 56
	
1996
	
487
	
NMC730967

	
LAM 57
	
1996
	
488
	
NMC730968

	
LAM 58
	
1996
	
489
	
NMC730969

	
LAM 59
	
1996
	
490
	
NMC730970

	
LAM 60
	
1996
	
491
	
NMC730971

	
LAM 61

(Amended)
	
1996

(2003)
	
492

(2210)
	
NMC730972

	
LAM 62
	
1996
	
493
	
NMC730973

	
LAM 63

(Amended)
	
1996

(2003)
	
494

(2211)
	
NMC730974

	
LAM 64
	
1996
	
495
	
NMC730975

	
LAM 65

(Amended)
	
1996

(2003)
	
496

(2212)
	
NMC730976

	
LAM 66
	
1996
	
497
	
NMC730977

	
LAM 67
	
1996
	
498
	
NMC730978

	
LAM 68
	
1996
	
499
	
NMC730979

	
LAM 69
	
1996
	
500
	
NMC730980

	
LAM 70
	
1996
	
501
	
NMC730981

	
LAM 71

(Amended)
	
1996

(2003)
	
502

(2213)
	
NMC730982

	
LAM 72
	
1996
	
503
	
NMC730983

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 73

(Amended)
	
1996

(2003)
	
504

(2214)
	
NMC730984

	
LAM 74
	
1996
	
505
	
NMC730985

	
LAM 75
	
1996
	
506
	
NMC730986

	
LAM 80
	
1996
	
511
	
NMC730991

	
LAM 82
	
1996
	
513
	
NMC730993

	
LAM 84
	
1996
	
515
	
NMC730995

	
LAM 85
	
1996
	
516
	
NMC730996

	
LAM 86
	
1996
	
517
	
NMC730997

	
LAM 87
	
1996
	
518
	
NMC730998

	
LAM 88
	
1996
	
519
	
NMC730999

	
LAM 89
	
1996
	
520
	
NMC731000

	
NEW ALMA
	
83
	
348
	
NMC75273

	
VIRGINIA
	
83
	
347
	
NMC75274

	
MORNING
	
83
	
350
	
NMC75275

	
MORNING STAR
	
83
	
345
	
NMC75276

	
NEW EVENING
	
83
	
346
	
NMC75277

	
NEW SNOWSTORM

(Amended)
	
83

(326)
	
349

(611)
	
NMC75278

	
LAM 76
	
1997
	
5154
	
NMC771939

	
LAM 77
	
1997
	
5155
	
NMC771940

	
LAM 78
	
1997
	
5156
	
NMC771941

	
LAM 79
	
1997
	
5157
	
NMC771942

	
LAM 81
	
1997
	
5158
	
NMC771943

	
LAM 83
	
1997
	
5159
	
NMC771944

	
YORK #1
	
1998
	
492
	
NMC787346

	
YORK #2
	
1998
	
493
	
NMC787347

	
YORK #3
	
1998
	
494
	
NMC787348

	
YORK #4
	
1998
	
495
	
NMC787349

	
YORK #5
	
1998
	
496
	
NMC787350

 

Total of 227 unpatented mining claims.

 

 

 

 (Dune)

 

The following three hundred and ninety-four (394) unpatented mining claims situated in Humboldt County, Nevada:

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
BLUE NO. 982
	
2010
	
3578
	
NMC1024274

	
BLUE NO. 983
	
2010
	
3579
	
NMC1024275

	
BLUE NO. 984
	
2010
	
3580
	
NMC1024276

	
BLUE NO. 985
	
2010
	
3581
	
NMC1024277

	
BLUE NO. 986
	
2010
	
3582
	
NMC1024278

	
BLUE NO. 987
	
2010
	
3583
	
NMC1024279

	
BLUE NO. 988
	
2010
	
3584
	
NMC1024280

	
BLUE NO. 989
	
2010
	
3585
	
NMC1024281

	
BLUE NO. 990
	
2010
	
3586
	
NMC1024282

	
BLUE NO. 991
	
2010
	
3587
	
NMC1024283

	
BLUE NO. 992
	
2010
	
3588
	
NMC1024284

	
BLUE NO. 993
	
2010
	
3589
	
NMC1024285

	
BLUE NO. 994
	
2010
	
3590
	
NMC1024286

	
BLUE NO. 995
	
2010
	
3591
	
NMC1024287

	
BLUE NO. 996
	
2010
	
3592
	
NMC1024288

	
BLUE NO. 997
	
2010
	
3593
	
NMC1024289

	
BLUE NO. 928
	
2010
	
6472
	
NMC1029648

	
BLUE NO. 929
	
2010
	
6473
	
NMC1029649

	
BLUE NO. 930
	
2010
	
6474
	
NMC1029650

	
BLUE NO. 931
	
2010
	
6475
	
NMC1029651

	
BLUE NO. 932
	
2010
	
6476
	
NMC1029652

	
BLUE NO. 933
	
2010
	
6477
	
NMC1029653

	
BLUE NO. 934
	
2010
	
6478
	
NMC1029654

	
BLUE NO. 935
	
2010
	
6479
	
NMC1029655

	
BLUE NO. 936
	
2010
	
6480
	
NMC1029656

	
BLUE NO. 937
	
2010
	
6481
	
NMC1029657

	
BLUE NO. 938
	
2010
	
6482
	
NMC1029658

	
BLUE NO. 939
	
2010
	
6483
	
NMC1029659

	
BLUE NO. 940
	
2010
	
6484
	
NMC1029660

	
BLUE NO. 941
	
2010
	
6485
	
NMC1029661

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
BLUE NO. 942
	
2010
	
6486
	
NMC1029662

	
BLUE NO. 943
	
2010
	
6487
	
NMC1029663

	
BLUE NO. 944
	
2010
	
6488
	
NMC1029664

	
BLUE NO. 945
	
2010
	
6489
	
NMC1029665

	
BLUE NO. 946
	
2010
	
6490
	
NMC1029666

	
BLUE NO. 947
	
2010
	
6491
	
NMC1029667

	
BLUE NO. 948
	
2010
	
6492
	
NMC1029668

	
BLUE NO. 949
	
2010
	
6493
	
NMC1029669

	
BLUE NO. 950
	
2010
	
6494
	
NMC1029670

	
BLUE NO. 951
	
2010
	
6495
	
NMC1029671

	
BLUE NO. 952
	
2010
	
6496
	
NMC1029672

	
BLUE NO. 953
	
2010
	
6497
	
NMC1029673

	
BLUE NO. 954
	
2010
	
6498
	
NMC1029674

	
BLUE NO. 955
	
2010
	
6499
	
NMC1029675

	
BLUE NO. 956
	
2010
	
6500
	
NMC1029676

	
BLUE NO. 957
	
2010
	
6501
	
NMC1029677

	
BLUE NO. 958
	
2010
	
6502
	
NMC1029678

	
BLUE NO. 959
	
2010
	
6503
	
NMC1029679

	
BLUE NO. 960
	
2010
	
6504
	
NMC1029680

	
BLUE NO. 961
	
2010
	
6505
	
NMC1029681

	
BLUE NO. 962
	
2010
	
6506
	
NMC1029682

	
BLUE NO. 963
	
2010
	
6507
	
NMC1029683

	
BLUE NO. 2000
	
2010
	
6508
	
NMC1029684

	
BLUE NO. 2001
	
2010
	
6509
	
NMC1029685

	
BLUE NO. 2002
	
2010
	
6510
	
NMC1029686

	
BLUE NO. 2003
	
2010
	
6511
	
NMC1029687

	
BLUE NO. 2004
	
2010
	
6512
	
NMC1029688

	
BLUE NO. 2005
	
2010
	
6513
	
NMC1029689

	
BLUE NO. 2006
	
2010
	
6514
	
NMC1029690

	
BLUE NO. 2007
	
2010
	
6515
	
NMC1029691

	
BLUE NO. 2008
	
2010
	
6516
	
NMC1029692

	
BLUE NO. 2009
	
2010
	
6517
	
NMC1029693

	
BLUE NO. 2010
	
2010
	
6518
	
NMC1029694

	
BLUE NO. 2011
	
2010
	
6519
	
NMC1029695

	
BLUE NO. 2012
	
2010
	
6520
	
NMC1029696

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
BLUE NO. 2013
	
2010
	
6521
	
NMC1029697

	
BLUE NO. 2014
	
2010
	
6522
	
NMC1029698

	
BLUE NO. 2015
	
2010
	
6523
	
NMC1029699

	
BLUE NO. 2016
	
2010
	
6524
	
NMC1029700

	
BLUE NO. 2017
	
2010
	
6525
	
NMC1029701

	
BLUE NO. 2018
	
2010
	
6526
	
NMC1029702

	
BLUE NO. 2019
	
2010
	
6527
	
NMC1029703

	
BLUE NO. 2020
	
2010
	
6528
	
NMC1029704

	
BLUE NO. 2021
	
2010
	
6529
	
NMC1029705

	
BLUE NO. 2022
	
2010
	
6530
	
NMC1029706

	
BLUE NO. 2023
	
2010
	
6531
	
NMC1029707

	
BLUE NO. 2024
	
2010
	
6532
	
NMC1029708

	
BLUE NO. 2025
	
2010
	
6533
	
NMC1029709

	
BLUE NO. 2026
	
2010
	
6534
	
NMC1029710

	
BLUE NO. 2027
	
2010
	
6535
	
NMC1029711

	
BLUE NO. 2028
	
2010
	
6536
	
NMC1029712

	
BLUE NO. 2029
	
2010
	
6537
	
NMC1029713

	
BLUE NO. 2030
	
2010
	
6538
	
NMC1029714

	
BLUE NO. 2031
	
2010
	
6539
	
NMC1029715

	
BLUE NO. 2032
	
2010
	
6540
	
NMC1029716

	
BLUE NO. 2033
	
2010
	
6541
	
NMC1029717

	
BLUE NO. 2034
	
2010
	
6542
	
NMC1029718

	
BLUE NO. 2035
	
2010
	
6543
	
NMC1029719

	
BLUE NO. 2036
	
2010
	
6544
	
NMC1029720

	
BLUE NO. 2037
	
2010
	
6545
	
NMC1029721

	
BLUE NO. 2038
	
2010
	
6546
	
NMC1029722

	
BLUE NO. 2039
	
2010
	
6547
	
NMC1029723

	
SP  1
	
2007
	
5041
	
NMC955469

	
SP  2
	
2007
	
5042
	
NMC955470

	
SP  3
	
2007
	
5043
	
NMC955471

	
SP  4
	
2007
	
5044
	
NMC955472

	
SP  5
	
2007
	
5045
	
NMC955473

	
SP  52
	
2007
	
5092
	
NMC955520

	
SP  53
	
2007
	
5093
	
NMC955521

	
SP  54
	
2007
	
5094
	
NMC955522

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  55
	
2007
	
5095
	
NMC955523

	
SP  56
	
2007
	
5096
	
NMC955524

	
SP  103
	
2007
	
5143
	
NMC955571

	
SP  104
	
2007
	
5144
	
NMC955572

	
SP  105
	
2007
	
5145
	
NMC955573

	
SP  106
	
2007
	
5146
	
NMC955574

	
SP  107
	
2007
	
5147
	
NMC955575

	
SP  154
	
2007
	
5194
	
NMC955622

	
SP  155
	
2007
	
5195
	
NMC955623

	
SP  156
	
2007
	
5196
	
NMC955624

	
SP  157
	
2007
	
5197
	
NMC955625

	
SP  158
	
2007
	
5198
	
NMC955626

	
SP  205
	
2007
	
5245
	
NMC955673

	
SP  206
	
2007
	
5246
	
NMC955674

	
SP  207
	
2007
	
5247
	
NMC955675

	
SP  208
	
2007
	
5248
	
NMC955676

	
SP  209
	
2007
	
5249
	
NMC955677

	
SP  256
	
2007
	
5296
	
NMC955724

	
SP  257
	
2007
	
5297
	
NMC955725

	
SP  258
	
2007
	
5298
	
NMC955726

	
SP  259
	
2007
	
5299
	
NMC955727

	
SP  260
	
2007
	
5300
	
NMC955728

	
SP  347
	
2007
	
5387
	
NMC955815

	
SP  348
	
2007
	
5388
	
NMC955816

	
SP  349
	
2007
	
5389
	
NMC955817

	
SP  350
	
2007
	
5390
	
NMC955818

	
SP  351
	
2007
	
5391
	
NMC955819

	
SP  352
	
2007
	
5392
	
NMC955820

	
SP  353
	
2007
	
5393
	
NMC955821

	
SP  354
	
2007
	
5394
	
NMC955822

	
SP  355
	
2007
	
5395
	
NMC955823

	
SP  356
	
2007
	
5396
	
NMC955824

	
SP  357
	
2007
	
5397
	
NMC955825

	
SP  358
	
2007
	
5398
	
NMC955826

	
SP  359
	
2007
	
5399
	
NMC955827

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  360
	
2007
	
5400
	
NMC955828

	
SP  361
	
2007
	
5401
	
NMC955829

	
SP  362
	
2007
	
5402
	
NMC955830

	
SP  363
	
2007
	
5403
	
NMC955831

	
SP  364
	
2007
	
5404
	
NMC955832

	
SP  365
	
2007
	
5405
	
NMC955833

	
SP  366
	
2007
	
5406
	
NMC955834

	
SP  367
	
2007
	
5407
	
NMC955835

	
SP  368
	
2007
	
5408
	
NMC955836

	
SP  369
	
2007
	
5409
	
NMC955837

	
SP  370
	
2007
	
5410
	
NMC955838

	
SP  371
	
2007
	
5411
	
NMC955839

	
SP  372
	
2007
	
5412
	
NMC955840

	
SP  373
	
2007
	
5413
	
NMC955841

	
SP  374
	
2007
	
5414
	
NMC955842

	
SP  375
	
2007
	
5415
	
NMC955843

	
SP  376
	
2007
	
5416
	
NMC955844

	
SP  377
	
2007
	
5417
	
NMC955845

	
SP  378
	
2007
	
5418
	
NMC955846

	
SP  379
	
2007
	
5419
	
NMC955847

	
SP  380
	
2007
	
5420
	
NMC955848

	
SP  381
	
2007
	
5421
	
NMC955849

	
SP  382
	
2007
	
5422
	
NMC955850

	
SP  383
	
2007
	
5423
	
NMC955851

	
SP  384
	
2007
	
5424
	
NMC955852

	
SP  385
	
2007
	
5425
	
NMC955853

	
SP  386
	
2007
	
5426
	
NMC955854

	
SP  387
	
2007
	
5427
	
NMC955855

	
SP  388
	
2007
	
5428
	
NMC955856

	
SP  389
	
2007
	
5429
	
NMC955857

	
SP  390
	
2007
	
5430
	
NMC955858

	
SP  391
	
2007
	
5431
	
NMC955859

	
SP  392
	
2007
	
5432
	
NMC955860

	
SP  393
	
2007
	
5433
	
NMC955861

	
SP  394
	
2007
	
5434
	
NMC955862

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  395
	
2007
	
5435
	
NMC955863

	
SP  396
	
2007
	
5436
	
NMC955864

	
SP  397
	
2007
	
5437
	
NMC955865

	
SP  398
	
2007
	
5438
	
NMC955866

	
SP  399
	
2007
	
5439
	
NMC955867

	
SP  400
	
2007
	
5440
	
NMC955868

	
SP  401
	
2007
	
5441
	
NMC955869

	
SP  402
	
2007
	
5442
	
NMC955870

	
SP  423
	
2007
	
5463
	
NMC955891

	
SP  424
	
2007
	
5464
	
NMC955892

	
SP  425
	
2007
	
5465
	
NMC955893

	
SP  426
	
2007
	
5466
	
NMC955894

	
SP  427
	
2007
	
5467
	
NMC955895

	
SP  428
	
2007
	
5468
	
NMC955896

	
SP  429
	
2007
	
5469
	
NMC955897

	
SP  430
	
2007
	
5470
	
NMC955898

	
SP  431
	
2007
	
5471
	
NMC955899

	
SP  432
	
2007
	
5472
	
NMC955900

	
SP  433
	
2007
	
5473
	
NMC955901

	
SP  434
	
2007
	
5474
	
NMC955902

	
SP  435
	
2007
	
5475
	
NMC955903

	
SP  436
	
2007
	
5476
	
NMC955904

	
SP  437
	
2007
	
5477
	
NMC955905

	
SP  438
	
2007
	
5478
	
NMC955906

	
SP  439
	
2007
	
5479
	
NMC955907

	
SP  440
	
2007
	
5480
	
NMC955908

	
SP  441
	
2007
	
5481
	
NMC955909

	
SP  442
	
2007
	
5482
	
NMC955910

	
SP  443
	
2007
	
5483
	
NMC955911

	
SP  444
	
2007
	
5484
	
NMC955912

	
SP  445
	
2007
	
5485
	
NMC955913

	
SP  446
	
2007
	
5486
	
NMC955914

	
SP  447
	
2007
	
5487
	
NMC955915

	
SP  448
	
2007
	
5488
	
NMC955916

	
SP  449
	
2007
	
5489
	
NMC955917

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  450
	
2007
	
5490
	
NMC955918

	
SP  451
	
2007
	
5491
	
NMC955919

	
SP  452
	
2007
	
5492
	
NMC955920

	
SP  453
	
2007
	
5493
	
NMC955921

	
SP  454
	
2007
	
5494
	
NMC955922

	
SP  455
	
2007
	
5495
	
NMC955923

	
SP  456
	
2007
	
5496
	
NMC955924

	
SP  457
	
2007
	
5497
	
NMC955925

	
SP  458
	
2007
	
5498
	
NMC955926

	
SP  486
	
2007
	
5526
	
NMC955954

	
SP  487
	
2007
	
5527
	
NMC955955

	
SP  488
	
2007
	
5528
	
NMC955956

	
SP  489
	
2007
	
5529
	
NMC955957

	
SP  490
	
2007
	
5530
	
NMC955958

	
SP  491
	
2007
	
5531
	
NMC955959

	
SP  492
	
2007
	
5532
	
NMC955960

	
SP  493
	
2007
	
5533
	
NMC955961

	
SP  494
	
2007
	
5534
	
NMC955962

	
SP  495
	
2007
	
5535
	
NMC955963

	
SP  496
	
2007
	
5536
	
NMC955964

	
SP  497
	
2007
	
5537
	
NMC955965

	
SP  498
	
2007
	
5538
	
NMC955966

	
SP  499
	
2007
	
5539
	
NMC955967

	
SP  500
	
2007
	
5540
	
NMC955968

	
SP  501
	
2007
	
5541
	
NMC955969

	
SP  502
	
2007
	
5542
	
NMC955970

	
SP  503
	
2007
	
5543
	
NMC955971

	
SP  504
	
2007
	
5544
	
NMC955972

	
SP  505
	
2007
	
5545
	
NMC955973

	
SP  506
	
2007
	
5546
	
NMC955974

	
SP  507
	
2007
	
5547
	
NMC955975

	
SP  508
	
2007
	
5548
	
NMC955976

	
SP  509
	
2007
	
5549
	
NMC955977

	
SP  510
	
2007
	
5550
	
NMC955978

	
SP  511
	
2007
	
5551
	
NMC955979

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  512
	
2007
	
5552
	
NMC955980

	
SP  513
	
2007
	
5553
	
NMC955981

	
SP  514
	
2007
	
5554
	
NMC955982

	
SP  515
	
2007
	
5555
	
NMC955983

	
SP  516
	
2007
	
5556
	
NMC955984

	
SP  517
	
2007
	
5557
	
NMC955985

	
SP  518
	
2007
	
5558
	
NMC955986

	
SP  519
	
2007
	
5559
	
NMC955987

	
SP  520
	
2007
	
5560
	
NMC955988

	
SP  521
	
2007
	
5561
	
NMC955989

	
SP  522
	
2007
	
5562
	
NMC955990

	
SP  523
	
2007
	
5563
	
NMC955991

	
SP  524
	
2007
	
5564
	
NMC955992

	
SP  525
	
2007
	
5565
	
NMC955993

	
SP  526
	
2007
	
5566
	
NMC955994

	
SP  527
	
2007
	
5567
	
NMC955995

	
SP  528
	
2007
	
5568
	
NMC955996

	
SP  529
	
2007
	
5569
	
NMC955997

	
SP  530
	
2007
	
5570
	
NMC955998

	
SP  531
	
2007
	
5571
	
NMC955999

	
SP  532
	
2007
	
5572
	
NMC956000

	
SP  533
	
2007
	
5573
	
NMC956001

	
SP  534
	
2007
	
5574
	
NMC956002

	
SP  535
	
2007
	
5575
	
NMC956003

	
SP  536
	
2007
	
5576
	
NMC956004

	
SP  537
	
2007
	
5577
	
NMC956005

	
SP  538
	
2007
	
5578
	
NMC956006

	
SP  539
	
2007
	
5579
	
NMC956007

	
SP  540
	
2007
	
5580
	
NMC956008

	
SP  541
	
2007
	
5581
	
NMC956009

	
SP  542
	
2007
	
5582
	
NMC956010

	
SP  543
	
2007
	
5583
	
NMC956011

	
SP  544
	
2007
	
5584
	
NMC956012

	
SP  545
	
2007
	
5585
	
NMC956013

	
SP  546
	
2007
	
5586
	
NMC956014

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  547
	
2007
	
5587
	
NMC956015

	
SP  548
	
2007
	
5588
	
NMC956016

	
SP  549
	
2007
	
5589
	
NMC956017

	
SP  550
	
2007
	
5590
	
NMC956018

	
SP  551
	
2007
	
5591
	
NMC956019

	
SP  552
	
2007
	
5592
	
NMC956020

	
SP  553
	
2007
	
5593
	
NMC956021

	
SP  554
	
2007
	
5594
	
NMC956022

	
SP  555
	
2007
	
5595
	
NMC956023

	
SP  556
	
2007
	
5596
	
NMC956024

	
SP  557
	
2007
	
5597
	
NMC956025

	
SP  558
	
2007
	
5598
	
NMC956026

	
SP  559
	
2007
	
5599
	
NMC956027

	
SP  560
	
2007
	
5600
	
NMC956028

	
SP  561
	
2007
	
5601
	
NMC956029

	
SP  562
	
2007
	
5602
	
NMC956030

	
SP  563
	
2007
	
5603
	
NMC956031

	
SP  564
	
2007
	
5604
	
NMC956032

	
SP  565
	
2007
	
5605
	
NMC956033

	
SP  566
	
2007
	
5606
	
NMC956034

	
SP  567
	
2007
	
5607
	
NMC956035

	
SP  568
	
2007
	
5608
	
NMC956036

	
SP  569
	
2007
	
5609
	
NMC956037

	
SP  570
	
2007
	
5610
	
NMC956038

	
SP  571
	
2007
	
5611
	
NMC956039

	
SP  572
	
2007
	
5612
	
NMC956040

	
SP  573
	
2007
	
5613
	
NMC956041

	
SP  574
	
2007
	
5614
	
NMC956042

	
SP  575
	
2007
	
5615
	
NMC956043

	
SP  576
	
2007
	
5616
	
NMC956044

	
SP  577
	
2007
	
5617
	
NMC956045

	
SP  578
	
2007
	
5618
	
NMC956046

	
SP  579
	
2007
	
5619
	
NMC956047

	
SP  580
	
2007
	
5620
	
NMC956048

	
SP  581
	
2007
	
5621
	
NMC956049

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  582
	
2007
	
5622
	
NMC956050

	
SP  583
	
2007
	
5623
	
NMC956051

	
SP  584
	
2007
	
5624
	
NMC956052

	
SP  585
	
2007
	
5625
	
NMC956053

	
SP  586
	
2007
	
5626
	
NMC956054

	
SP  587
	
2007
	
5627
	
NMC956055

	
SP  588
	
2007
	
5628
	
NMC956056

	
SP  589
	
2007
	
5629
	
NMC956057

	
SP  590
	
2007
	
5630
	
NMC956058

	
SP  591
	
2007
	
5631
	
NMC956059

	
SP  592
	
2007
	
5632
	
NMC956060

	
SP  593
	
2007
	
5633
	
NMC956061

	
SP  594
	
2007
	
5634
	
NMC956062

	
SP  595
	
2007
	
5635
	
NMC956063

	
SP  596
	
2007
	
5636
	
NMC956064

	
SP  597
	
2007
	
5637
	
NMC956065

	
SP  598
	
2007
	
5638
	
NMC956066

	
SP  599
	
2007
	
5639
	
NMC956067

	
SP  600
	
2007
	
5640
	
NMC956068

	
SP  601
	
2007
	
5641
	
NMC956069

	
SP  602
	
2007
	
5642
	
NMC956070

	
SP  612
	
2007
	
5652
	
NMC956080

	
SP  613
	
2007
	
5653
	
NMC956081

	
SP  614
	
2007
	
5654
	
NMC956082

	
SP  615
	
2007
	
5655
	
NMC956083

	
SP  616
	
2007
	
5656
	
NMC956084

	
SP  617
	
2007
	
5657
	
NMC956085

	
SP  618
	
2007
	
5658
	
NMC956086

	
SP  619
	
2007
	
5659
	
NMC956087

	
SP  620
	
2007
	
5660
	
NMC956088

	
SP  621
	
2007
	
5661
	
NMC956089

	
SP  622
	
2007
	
5662
	
NMC956090

	
SP  623
	
2007
	
5663
	
NMC956091

	
SP  624
	
2007
	
5664
	
NMC956092

	
SP  625
	
2007
	
5665
	
NMC956093

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SP  626
	
2007
	
5666
	
NMC956094

	
SP  627
	
2007
	
5667
	
NMC956095

	
SP  628
	
2007
	
5668
	
NMC956096

	
SP  629
	
2007
	
5669
	
NMC956097

	
SP  630
	
2007
	
5670
	
NMC956098

	
SP  631
	
2007
	
5671
	
NMC956099

	
SP  632
	
2007
	
5672
	
NMC956100

	
SP  633
	
2007
	
5673
	
NMC956101

	
SP  634
	
2007
	
5674
	
NMC956102

	
SP  635
	
2007
	
5675
	
NMC956103

	
SP  636
	
2007
	
5676
	
NMC956104

	
SP  637
	
2007
	
5677
	
NMC956105

	
SP  638
	
2007
	
5678
	
NMC956106

	
SS 65
	
2008
	
2914
	
NMC985080

	
SS 66
	
2008
	
2915
	
NMC985081

	
SS 67
	
2008
	
2916
	
NMC985082

	
SS 68
	
2008
	
2917
	
NMC985083

	
SS 69
	
2008
	
2918
	
NMC985084

	
SS 70
	
2008
	
2919
	
NMC985085

	
SS 71
	
2008
	
2920
	
NMC985086

	
SS 72
	
2008
	
2921
	
NMC985087

	
SS 73
	
2008
	
2922
	
NMC985088

	
SS 74
	
2008
	
2923
	
NMC985089

	
SS 75
	
2008
	
2924
	
NMC985090

	
SS 76
	
2008
	
2925
	
NMC985091

	
SS 77
	
2008
	
2926
	
NMC985092

	
SS 78
	
2008
	
2927
	
NMC985093

	
SS 79
	
2008
	
2928
	
NMC985094

	
SS 80
	
2008
	
2929
	
NMC985095

	
SS 81
	
2008
	
2930
	
NMC985096

	
SS 82
	
2008
	
2931
	
NMC985097

	
SS 83
	
2008
	
2932
	
NMC985098

	
SS 84
	
2008
	
2933
	
NMC985099

	
SS 85
	
2008
	
2934
	
NMC985100

	
SS 86
	
2008
	
2935
	
NMC985101

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No

	
SS 87
	
2008
	
2936
	
NMC985102

	
SS 88
	
2008
	
2937
	
NMC985103

	
SS 89
	
2008
	
2938
	
NMC985104

	
SS 90
	
2008
	
2939
	
NMC985105

	
SS 91
	
2008
	
2940
	
NMC985106

	
SS 92
	
2008
	
2941
	
NMC985107

	
SS 93
	
2008
	
2942
	
NMC985108

	
SS 94
	
2008
	
2943
	
NMC985109

	
SS 95
	
2008
	
2944
	
NMC985110

	
SS 96
	
2008
	
2945
	
NMC985111

	
SS 97
	
2008
	
2946
	
NMC985112

	
SS 98
	
2008
	
2947
	
NMC985113

	
SS 99
	
2008
	
2948
	
NMC985114

	
SS 100
	
2008
	
2949
	
NMC985115

 

Total of 394 unpatented mining claims.

 

 

 (Sleeper)

 

The following seven hundred and ninety-four (794) unpatented mining claims situated in Humboldt County, Nevada:

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER #  1
	
165
	
125
	
NMC250715

	
SLEEPER #  2
	
165
	
126
	
NMC250716

	
SLEEPER #  3
	
165
	
127
	
NMC250717

	
SLEEPER #  4
	
165
	
128
	
NMC250718

	
SLEEPER #  5
	
165
	
129
	
NMC250719

	
SLEEPER #  6
	
165
	
130
	
NMC250720

	
SLEEPER #  7
	
165
	
131
	
NMC250721

	
SLEEPER #  8
	
165
	
132
	
NMC250722

	
SLEEPER #  9
	
165
	
133
	
NMC250723

	
SLEEPER # 10
	
165
	
134
	
NMC250724

	
SLEEPER # 11
	
165
	
135
	
NMC250725

	
SLEEPER # 12
	
165
	
136
	
NMC250726

	
SLEEPER # 13
	
165
	
137
	
NMC250727

	
SLEEPER # 14
	
165
	
138
	
NMC250728

	
SLEEPER # 15
	
165
	
139
	
NMC250729

	
SLEEPER # 16
	
165
	
140
	
NMC250730

	
SLEEPER # 17
	
165
	
141
	
NMC250731

	
SLEEPER # 18
	
165
	
142
	
NMC250732

	
SLEEPER # 19
	
165
	
143
	
NMC250733

	
SLEEPER # 20
	
165
	
144
	
NMC250734

	
SLEEPER # 21
	
165
	
145
	
NMC250735

	
SLEEPER # 22
	
165
	
146
	
NMC250736

	
SLEEPER # 23
	
165
	
147
	
NMC250737

	
SLEEPER # 24
	
165
	
148
	
NMC250738

	
SLEEPER # 25
	
165
	
149
	
NMC250739

	
SLEEPER # 26
	
165
	
150
	
NMC250740

	
SLEEPER # 27
	
165
	
151
	
NMC250741

	
SLEEPER # 28
	
165
	
152
	
NMC250742

	
SLEEPER # 29
	
165
	
153
	
NMC250743

	
SLEEPER # 30
	
165
	
154
	
NMC250744

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER # 31
	
165
	
155
	
NMC250745

	
SLEEPER # 32
	
165
	
156
	
NMC250746

	
SLEEPER # 33
	
165
	
157
	
NMC250747

	
SLEEPER # 34
	
165
	
158
	
NMC250748

	
SLEEPER # 35
	
165
	
159
	
NMC250749

	
SLEEPER # 36
	
165
	
160
	
NMC250750

	
SLEEPER # 37
	
165
	
161
	
NMC250751

	
SLEEPER # 38
	
165
	
162
	
NMC250752

	
SLEEPER # 39
	
165
	
163
	
NMC250753

	
SLEEPER # 40
	
165
	
164
	
NMC250754

	
SLEEPER # 41
	
165
	
165
	
NMC250755

	
SLEEPER # 42
	
165
	
166
	
NMC250756

	
SLEEPER # 43
	
165
	
167
	
NMC250757

	
SLEEPER # 44
	
165
	
168
	
NMC250758

	
SLEEPER # 45
	
165
	
169
	
NMC250759

	
SLEEPER # 46
	
165
	
170
	
NMC250760

	
SLEEPER # 47
	
165
	
171
	
NMC250761

	
SLEEPER # 48
	
165
	
172
	
NMC250762

	
SLEEPER # 49
	
165
	
173
	
NMC250763

	
SLEEPER # 50
	
165
	
174
	
NMC250764

	
SLEEPER # 51
	
165
	
175
	
NMC250765

	
SLEEPER # 52
	
165
	
176
	
NMC250766

	
SLEEPER # 53
	
165
	
177
	
NMC250767

	
SLEEPER # 54
	
165
	
178
	
NMC250768

	
SLEEPER # 55
	
165
	
179
	
NMC250769

	
SLEEPER # 56
	
165
	
180
	
NMC250770

	
SLEEPER # 57
	
165
	
181
	
NMC250771

	
SLEEPER # 58
	
165
	
182
	
NMC250772

	
SLEEPER # 59
	
165
	
183
	
NMC250773

	
SLEEPER # 60
	
165
	
184
	
NMC250774

	
SLEEPER # 61
	
165
	
185
	
NMC250775

	
SLEEPER # 62
	
165
	
186
	
NMC250776

	
SLEEPER # 63
	
165
	
187
	
NMC250777

	
SLEEPER # 64
	
165
	
188
	
NMC250778

	
SLEEPER # 65
	
165
	
189
	
NMC250779

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER # 66
	
165
	
190
	
NMC250780

	
SLEEPER # 67
	
165
	
191
	
NMC250781

	
SLEEPER # 68
	
165
	
192
	
NMC250782

	
SLEEPER # 69
	
165
	
193
	
NMC250783

	
SLEEPER # 70
	
165
	
194
	
NMC250784

	
SLEEPER # 71
	
165
	
195
	
NMC250785

	
SLEEPER # 72
	
165
	
196
	
NMC250786

	
SLEEPER # 73
	
165
	
197
	
NMC250787

	
SLEEPER # 74
	
165
	
198
	
NMC250788

	
SLEEPER # 75
	
165
	
199
	
NMC250789

	
SLEEPER # 76
	
165
	
200
	
NMC250790

	
SLEEPER # 77
	
165
	
201
	
NMC250791

	
SLEEPER # 78
	
165
	
202
	
NMC250792

	
SLEEPER # 79
	
165
	
203
	
NMC250793

	
SLEEPER # 80
	
165
	
204
	
NMC250794

	
SLEEPER # 81
	
165
	
205
	
NMC250795

	
SLEEPER # 82
	
165
	
206
	
NMC250796

	
SLEEPER # 83
	
165
	
207
	
NMC250797

	
SLEEPER # 84
	
165
	
208
	
NMC250798

	
SLEEPER # 85
	
165
	
209
	
NMC250799

	
SLEEPER # 86
	
165
	
210
	
NMC250800

	
SLEEPER # 87
	
165
	
211
	
NMC250801

	
NA #  1
	
165
	
214
	
NMC250802

	
NA #  2
	
165
	
215
	
NMC250803

	
NA #  3
	
165
	
216
	
NMC250804

	
NA #  4
	
165
	
217
	
NMC250805

	
NA #  5
	
165
	
218
	
NMC250806

	
NA #  6
	
165
	
219
	
NMC250807

	
NA #  7
	
165
	
220
	
NMC250808

	
NA #  8
	
165
	
221
	
NMC250809

	
NA #  9
	
165
	
222
	
NMC250810

	
NA # 10
	
165
	
223
	
NMC250811

	
NA # 11
	
165
	
224
	
NMC250812

	
NA # 12
	
165
	
225
	
NMC250813

	
NA # 13
	
165
	
226
	
NMC250814

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
NA # 14
	
165
	
227
	
NMC250815

	
NA # 15
	
165
	
228
	
NMC250816

	
NA # 16
	
165
	
229
	
NMC250817

	
NA # 17
	
165
	
230
	
NMC250818

	
NA # 18
	
165
	
231
	
NMC250819

	
NA # 19
	
165
	
232
	
NMC250820

	
NA # 20
	
165
	
233
	
NMC250821

	
NA # 21
	
165
	
234
	
NMC250822

	
NA # 22
	
165
	
235
	
NMC250823

	
NA # 23
	
165
	
236
	
NMC250824

	
NA # 24
	
165
	
237
	
NMC250825

	
NA # 25
	
165
	
238
	
NMC250826

	
NA # 26
	
165
	
239
	
NMC250827

	
NA # 27
	
165
	
240
	
NMC250828

	
NA # 28
	
165
	
241
	
NMC250829

	
NA # 37
	
165
	
250
	
NMC250838

	
NA # 38
	
165
	
251
	
NMC250839

	
NA # 39
	
165
	
252
	
NMC250840

	
NA # 40
	
165
	
253
	
NMC250841

	
NA # 41
	
165
	
254
	
NMC250842

	
NA # 42
	
165
	
255
	
NMC250843

	
NA # 43
	
165
	
256
	
NMC250844

	
NA # 44
	
165
	
257
	
NMC250845

	
NA # 45
	
165
	
258
	
NMC250846

	
NA # 46
	
165
	
259
	
NMC250847

	
NA # 47
	
165
	
260
	
NMC250848

	
NA # 48
	
165
	
261
	
NMC250849

	
NA # 49
	
165
	
262
	
NMC250850

	
NA # 50
	
165
	
263
	
NMC250851

	
NA # 51
	
165
	
264
	
NMC250852

	
NA # 52
	
165
	
265
	
NMC250853

	
NA # 53
	
165
	
266
	
NMC250854

	
NA # 54
	
165
	
267
	
NMC250855

	
NA # 55
	
165
	
268
	
NMC250856

	
NA # 56
	
165
	
269
	
NMC250857

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
NA # 57
	
165
	
270
	
NMC250858

	
NA # 58
	
165
	
271
	
NMC250859

	
NA # 59
	
165
	
272
	
NMC250860

	
NA # 60
	
165
	
273
	
NMC250861

	
NA # 61
	
165
	
274
	
NMC250862

	
NA # 62
	
165
	
275
	
NMC250863

	
DRYLAKE #  4
	
165
	
436
	
NMC251345

(160 acres)

	
DRYLAKE # 15
	
165
	
437
	
NMC251346

(160 acres)

	
DRYLAKE # 17
	
165
	
438
	
NMC251347

(160 acres)

	
DRYLAKE # 18
	
165
	
439
	
NMC251348

(160 acres)

	
DRYLAKE # 20
	
165
	
441
	
NMC251350

(160 acres)

	
DRYLAKE # 21
	
165
	
442
	
NMC251351

(160 acres)

	
DRYLAKE # 25
	
165
	
443
	
NMC251352

(160 acres)

	
DRYLAKE # 28
	
165
	
444
	
NMC251353

(80 acres)

	
DRYLAKE # 40
	
166
	
235
	
NMC251354

(160 acres)

	
NA # 63
	
172
	
144
	
NMC262286

	
NA # 64
	
172
	
145
	
NMC262287

	
NA # 65
	
172
	
146
	
NMC262288

	
NA # 66
	
172
	
147
	
NMC262289

	
NA # 67
	
172
	
148
	
NMC262290

	
NA # 68
	
172
	
149
	
NMC262291

	
NA # 69
	
172
	
150
	
NMC262292

	
NA # 70
	
172
	
151
	
NMC262293

	
NA # 71
	
172
	
152
	
NMC262294

	
NA # 72
	
172
	
153
	
NMC262295

	
NA # 73
	
172
	
154
	
NMC262296

	
NA # 74
	
172
	
155
	
NMC262297

	
NA # 75
	
172
	
156
	
NMC262298

	
NA # 76
	
172
	
157
	
NMC262299

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
NA # 77
	
172
	
158
	
NMC262300

	
NA # 78
	
172
	
159
	
NMC262301

	
NA # 79
	
172
	
160
	
NMC262302

	
NA # 80
	
172
	
161
	
NMC262303

	
NA # 81
	
172
	
162
	
NMC262304

	
NA # 82
	
172
	
163
	
NMC262305

	
NA # 83
	
172
	
164
	
NMC262306

	
NA # 84
	
172
	
165
	
NMC262307

	
NA # 85
	
172
	
166
	
NMC262308

	
NA # 86
	
172
	
167
	
NMC262309

	
NA # 87
	
172
	
168
	
NMC262310

	
NA # 88
	
172
	
169
	
NMC262311

	
NA # 89
	
172
	
170
	
NMC262312

	
NA # 90
	
172
	
171
	
NMC262313

	
NA # 91
	
172
	
172
	
NMC262314

	
NA # 92
	
172
	
173
	
NMC262315

	
NA # 93
	
172
	
174
	
NMC262316

	
NA # 94
	
172
	
175
	
NMC262317

	
NA # 95
	
192
	
120
	
NMC321784

	
NA # 96
	
192
	
121
	
NMC321785

	
NA # 97
	
192
	
122
	
NMC321786

	
NA # 98
	
192
	
123
	
NMC321787

	
NA # 99
	
192
	
124
	
NMC321788

	
NA #100
	
192
	
125
	
NMC321789

	
NA #101
	
192
	
126
	
NMC321790

	
NA #102
	
192
	
127
	
NMC321791

	
NA #103
	
192
	
128
	
NMC321792

	
NA #104
	
192
	
129
	
NMC321793

	
NA #105
	
192
	
130
	
NMC321794

	
NA #106
	
192
	
131
	
NMC321795

	
NA #107
	
192
	
132
	
NMC321796

	
NA #108
	
192
	
133
	
NMC321797

	
NA #109
	
192
	
134
	
NMC321798

	
NA #110
	
192
	
135
	
NMC321799

	
NA #111
	
192
	
136
	
NMC321800

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
NA #112
	
192
	
137
	
NMC321801

	
NA #113
	
192
	
138
	
NMC321802

	
NA #115
	
192
	
139
	
NMC321803

	
NA #116
	
192
	
140
	
NMC321804

	
NA #117
	
192
	
141
	
NMC321805

	
NA #118
	
192
	
142
	
NMC321806

	
NA #119
	
192
	
143
	
NMC321807

	
NA #120
	
192
	
144
	
NMC321808

	
NA #121
	
192
	
145
	
NMC321809

	
NA #122
	
192
	
146
	
NMC321810

	
NA #123
	
192
	
147
	
NMC321811

	
NA #124
	
192
	
148
	
NMC321812

	
NA #125
	
192
	
149
	
NMC321813

	
NA #126
	
192
	
150
	
NMC321814

	
NA #127
	
192
	
151
	
NMC321815

	
NA #128
	
192
	
152
	
NMC321816

	
NA #129
	
192
	
153
	
NMC321817

	
NA #130
	
192
	
154
	
NMC321818

	
NA #131
	
192
	
155
	
NMC321819

	
NA #132
	
192
	
156
	
NMC321820

	
NA #133
	
192
	
157
	
NMC321821

	
NA #134
	
192
	
158
	
NMC321822

	
NA #135
	
192
	
159
	
NMC321823

	
NA #136
	
192
	
160
	
NMC321824

	
NA #137
	
192
	
161
	
NMC321825

	
NA #138
	
192
	
162
	
NMC321826

	
NA #139
	
192
	
163
	
NMC321827

	
NA #140
	
192
	
164
	
NMC321828

	
NA #141
	
192
	
165
	
NMC321829

	
NA #142
	
192
	
166
	
NMC321830

	
NA #143
	
192
	
167
	
NMC321831

	
NA #144
	
192
	
168
	
NMC321832

	
NA #145
	
192
	
169
	
NMC321833

	
NA #146
	
192
	
170
	
NMC321834

	
NA #147
	
192
	
171
	
NMC321835

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
NA #148
	
192
	
172
	
NMC321836

	
NA #149
	
192
	
173
	
NMC321837

	
NA #150
	
192
	
174
	
NMC321838

	
NA #151
	
192
	
175
	
NMC321839

	
NA #152
	
192
	
176
	
NMC321840

	
NA #153
	
192
	
177
	
NMC321841

	
NA #154
	
192
	
178
	
NMC321842

	
NA #155
	
192
	
252
	
NMC321843

	
NA #156
	
192
	
179
	
NMC321844

	
NA #157
	
192
	
180
	
NMC321845

	
NA #158
	
192
	
181
	
NMC321846

	
NA #159
	
192
	
182
	
NMC321847

	
NA #159A
	
192
	
183
	
NMC321848

	
NA #165
	
192
	
189
	
NMC321854

	
NA #166
	
192
	
190
	
NMC321855

	
NA #167
	
192
	
191
	
NMC321856

	
NA #168
	
192
	
192
	
NMC321857

	
NA #169
	
192
	
193
	
NMC321858

	
NA #170
	
192
	
194
	
NMC321859

	
NA #171
	
192
	
195
	
NMC321860

	
NA #172
	
192
	
196
	
NMC321861

	
NA #173
	
192
	
197
	
NMC321862

	
NA #174
	
192
	
198
	
NMC321863

	
NA #175
	
192
	
199
	
NMC321864

	
NA #182
	
192
	
206
	
NMC321871

	
NA #183
	
192
	
207
	
NMC321872

	
NA #184
	
192
	
208
	
NMC321873

	
NA #185
	
192
	
209
	
NMC321874

	
NA #186
	
192
	
210
	
NMC321875

	
NA #187
	
192
	
211
	
NMC321876

	
NA #188
	
192
	
212
	
NMC321877

	
NA #189
	
192
	
213
	
NMC321878

	
NA #190
	
192
	
214
	
NMC321879

	
NA #191
	
192
	
215
	
NMC321880

	
NA #192
	
192
	
216
	
NMC321881

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
NA #193
	
192
	
217
	
NMC321882

	
NA #194
	
192
	
218
	
NMC321883

	
NA #195
	
192
	
219
	
NMC321884

	
NA #196
	
192
	
220
	
NMC321885

	
NA #197
	
192
	
221
	
NMC321886

	
NA #198
	
192
	
222
	
NMC321887

	
NA #199
	
192
	
223
	
NMC321888

	
NA #206
	
192
	
230
	
NMC321895

	
NA #207
	
192
	
231
	
NMC321896

	
NA #208
	
192
	
232
	
NMC321897

	
NA #209
	
192
	
233
	
NMC321898

	
NA #210
	
192
	
234
	
NMC321899

	
NA #211
	
192
	
235
	
NMC321900

	
NA #212
	
192
	
236
	
NMC321901

	
NA #213
	
192
	
237
	
NMC321902

	
NA #214
	
192
	
238
	
NMC321903

	
NA #215
	
192
	
239
	
NMC321904

	
NA #216
	
192
	
240
	
NMC321905

	
NA #217
	
192
	
241
	
NMC321906

	
NA #218
	
192
	
242
	
NMC321907

	
NA #219
	
192
	
243
	
NMC321908

	
NA #220
	
192
	
244
	
NMC321909

	
NA #221
	
192
	
245
	
NMC321910

	
NA #222
	
192
	
246
	
NMC321911

	
NA #223
	
192
	
247
	
NMC321912

	
NA #226
	
192
	
250
	
NMC321915

	
NA #227
	
192
	
251
	
NMC321916

	
SLEEPER # 88
	
192
	
389
	
NMC322017

	
SLEEPER # 89
	
192
	
390
	
NMC322018

	
SLEEPER # 90
	
192
	
391
	
NMC322019

	
SLEEPER # 91
	
192
	
392
	
NMC322020

	
SLEEPER # 92
	
192
	
393
	
NMC322021

	
SLEEPER # 93
	
192
	
394
	
NMC322022

	
SLEEPER # 94
	
192
	
395
	
NMC322023

	
SLEEPER # 95
	
192
	
396
	
NMC322024

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER # 96
	
192
	
397
	
NMC322025

	
SLEEPER # 97
	
192
	
398
	
NMC322026

	
SLEEPER # 98
	
192
	
399
	
NMC322027

	
SLEEPER # 99
	
192
	
400
	
NMC322028

	
SLEEPER #100
	
192
	
401
	
NMC322029

	
SLEEPER #101
	
192
	
402
	
NMC322030

	
SLEEPER #102
	
192
	
403
	
NMC322031

	
SLEEPER #103
	
192
	
404
	
NMC322032

	
SLEEPER #104
	
192
	
405
	
NMC322033

	
SLEEPER #105
	
192
	
406
	
NMC322034

	
SLEEPER #106
	
192
	
407
	
NMC322035

	
SLEEPER #107
	
192
	
408
	
NMC322036

	
SLEEPER #108
	
192
	
409
	
NMC322037

	
SLEEPER #109
	
192
	
410
	
NMC322038

	
SLEEPER #110
	
192
	
411
	
NMC322039

	
SLEEPER #111
	
192
	
412
	
NMC322040

	
SLEEPER #112
	
192
	
413
	
NMC322041

	
SLEEPER #113
	
192
	
414
	
NMC322042

	
SLEEPER #114
	
192
	
415
	
NMC322043

	
SLEEPER #115
	
192
	
416
	
NMC322044

	
SLEEPER #116
	
192
	
417
	
NMC322045

	
SLEEPER #117
	
192
	
418
	
NMC322046

	
SLEEPER #118
	
192
	
419
	
NMC322047

	
SLEEPER #119
	
192
	
420
	
NMC322048

	
SLEEPER #120
	
192
	
421
	
NMC322049

	
SLEEPER #121
	
192
	
422
	
NMC322050

	
SLEEPER #122
	
192
	
423
	
NMC322051

	
SLEEPER #123
	
192
	
424
	
NMC322052

	
SLEEPER #124
	
192
	
425
	
NMC322053

	
SLEEPER #125
	
192
	
426
	
NMC322054

	
SLEEPER #126
	
192
	
427
	
NMC322055

	
SLEEPER #127
	
192
	
428
	
NMC322056

	
SLEEPER #128
	
192
	
429
	
NMC322057

	
SLEEPER #129
	
192
	
430
	
NMC322058

	
SLEEPER #130
	
192
	
431
	
NMC322059

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER #131
	
192
	
432
	
NMC322060

	
SLEEPER #132
	
192
	
433
	
NMC322061

	
SLEEPER #133
	
192
	
434
	
NMC322062

	
SLEEPER #134
	
192
	
435
	
NMC322063

	
SLEEPER #135
	
192
	
436
	
NMC322064

	
SLEEPER #136
	
192
	
437
	
NMC322065

	
SLEEPER #137
	
192
	
438
	
NMC322066

	
SLEEPER #138
	
192
	
439
	
NMC322067

	
SLEEPER #139
	
192
	
440
	
NMC322068

	
SLEEPER #140
	
192
	
441
	
NMC322069

	
SLEEPER #141
	
192
	
442
	
NMC322070

	
SLEEPER #142
	
192
	
443
	
NMC322071

	
SLEEPER #143
	
192
	
444
	
NMC322072

	
SLEEPER #144
	
192
	
445
	
NMC322073

	
SLEEPER #145
	
192
	
446
	
NMC322074

	
SLEEPER #146
	
192
	
447
	
NMC322075

	
SLEEPER #147
	
192
	
448
	
NMC322076

	
SLEEPER #148
	
192
	
449
	
NMC322077

	
SLEEPER #149
	
192
	
450
	
NMC322078

	
SLEEPER #150
	
192
	
451
	
NMC322079

	
SLEEPER #151
	
192
	
452
	
NMC322080

	
SLEEPER #152
	
192
	
453
	
NMC322081

	
SLEEPER #153
	
192
	
454
	
NMC322082

	
SLEEPER #154
	
192
	
455
	
NMC322083

	
SLEEPER #155
	
192
	
456
	
NMC322084

	
SLEEPER #156
	
192
	
457
	
NMC322085

	
SLEEPER #157
	
192
	
458
	
NMC322086

	
SLEEPER #158
	
192
	
459
	
NMC322087

	
SLEEPER #159
	
192
	
460
	
NMC322088

	
SLEEPER #160
	
192
	
461
	
NMC322089

	
SLEEPER #161
	
192
	
462
	
NMC322090

	
SLEEPER #162
	
192
	
463
	
NMC322091

	
SLEEPER #163
	
192
	
464
	
NMC322092

	
SLEEPER #164
	
192
	
465
	
NMC322093

	
SLEEPER #165
	
192
	
466
	
NMC322094

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER #166
	
192
	
467
	
NMC322095

	
SLEEPER #167
	
192
	
468
	
NMC322096

	
SLEEPER #168
	
192
	
469
	
NMC322097

	
SLEEPER #169
	
192
	
470
	
NMC322098

	
SLEEPER #170
	
192
	
471
	
NMC322099

	
SLEEPER #171
	
192
	
472
	
NMC322100

	
SLEEPER #172
	
192
	
473
	
NMC322101

	
SLEEPER #173
	
192
	
474
	
NMC322102

	
SLEEPER #174
	
192
	
475
	
NMC322103

	
SLEEPER #175
	
192
	
476
	
NMC322104

	
SLEEPER #176
	
192
	
477
	
NMC322105

	
SLEEPER #177
	
192
	
478
	
NMC322106

	
SLEEPER #178
	
192
	
479
	
NMC322107

	
SLEEPER #179
	
192
	
480
	
NMC322108

	
SLEEPER #180
	
192
	
481
	
NMC322109

	
SLEEPER #181
	
192
	
482
	
NMC322110

	
SLEEPER #182
	
192
	
483
	
NMC322111

	
SLEEPER #183
	
192
	
484
	
NMC322112

	
SLEEPER #184
	
192
	
485
	
NMC322113

	
SLEEPER #185
	
192
	
486
	
NMC322114

	
SLEEPER #186
	
192
	
487
	
NMC322115

	
SLEEPER #187
	
192
	
488
	
NMC322116

	
SLEEPER #188
	
192
	
489
	
NMC322117

	
SLEEPER #189
	
192
	
490
	
NMC322118

	
SLEEPER #190
	
192
	
491
	
NMC322119

	
SLEEPER #191
	
192
	
492
	
NMC322120

	
SLEEPER #192
	
192
	
493
	
NMC322121

	
SLEEPER #193
	
192
	
494
	
NMC322122

	
SLEEPER #194
	
192
	
495
	
NMC322123

	
SLEEPER #195
	
192
	
496
	
NMC322124

	
SLEEPER #196
	
192
	
497
	
NMC322125

	
SLEEPER #197
	
192
	
498
	
NMC322126

	
SLEEPER #198
	
192
	
499
	
NMC322127

	
SLEEPER #199
	
192
	
500
	
NMC322128

	
SLEEPER #200
	
192
	
501
	
NMC322129

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER #201
	
192
	
502
	
NMC322130

	
SLEEPER #202
	
192
	
503
	
NMC322131

	
SLEEPER #203
	
192
	
504
	
NMC322132

	
SLEEPER #204
	
192
	
505
	
NMC322133

	
SLEEPER #205
	
192
	
506
	
NMC322134

	
SLEEPER #206
	
192
	
507
	
NMC322135

	
SLEEPER #207
	
192
	
508
	
NMC322136

	
SLEEPER #208
	
192
	
509
	
NMC322137

	
SLEEPER #209
	
192
	
510
	
NMC322138

	
SLEEPER #210
	
192
	
511
	
NMC322139

	
SLEEPER #312
	
230
	
78
	
NMC405562

	
SLEEPER #317
	
230
	
83
	
NMC405567

	
SLEEPER #318
	
230
	
84
	
NMC405568

	
SLEEPER #319
	
230
	
85
	
NMC405569

	
SLEEPER #320
	
230
	
86
	
NMC405570

	
SLEEPER #321
	
230
	
87
	
NMC405571

	
SLEEPER #326
	
230
	
92
	
NMC405576

	
SLEEPER #327
	
230
	
93
	
NMC405577

	
SLEEPER #328
	
230
	
94
	
NMC405578

	
SLEEPER #329
	
230
	
95
	
NMC405579

	
SLEEPER #330
	
230
	
96
	
NMC405580

	
SLEEPER #335
	
230
	
101
	
NMC405585

	
SLEEPER #336
	
230
	
102
	
NMC405586

	
SLEEPER #337
	
230
	
103
	
NMC405587

	
SLEEPER #338
	
230
	
104
	
NMC405588

	
SLEEPER #339
	
230
	
105
	
NMC405589

	
SLEEPER #343
	
230
	
109
	
NMC405593

	
SLEEPER #344
	
230
	
110
	
NMC405594

	
SLEEPER #345
	
230
	
111
	
NMC405595

	
SLEEPER #346
	
230
	
112
	
NMC405596

	
SLEEPER #347
	
230
	
113
	
NMC405597

	
SLEEPER #348
	
230
	
114
	
NMC405598

	
SLEEPER #349
	
230
	
115
	
NMC405599

	
SLEEPER #350
	
230
	
116
	
NMC405600

	
SLEEPER #351
	
230
	
117
	
NMC405601

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SLEEPER #352
	
230
	
118
	
NMC405602

	
SLEEPER #353
	
230
	
119
	
NMC405603

	
SLEEPER #354
	
230
	
120
	
NMC405604

	
SLEEPER #355
	
230
	
1
	
NMC405605

	
SLEEPER #356
	
230
	
2
	
NMC405606

	
SLEEPER #357
	
230
	
3
	
NMC405607

	
SLEEPER #358
	
230
	
4
	
NMC405608

	
SLEEPER #359
	
230
	
5
	
NMC405609

	
SLEEPER #360
	
230
	
6
	
NMC405610

	
SLEEPER #361
	
230
	
7
	
NMC405611

	
SLEEPER #362
	
230
	
8
	
NMC405612

	
SLEEPER #363
	
230
	
9
	
NMC405613

	
SLEEPER #364
	
230
	
10
	
NMC405614

	
SLEEPER #365
	
230
	
121
	
NMC405615

	
SLEEPER #366
	
230
	
122
	
NMC405616

	
SLEEPER #367
	
230
	
123
	
NMC405617

	
SLEEPER #368
	
230
	
124
	
NMC405618

	
SLEEPER #369
	
230
	
125
	
NMC405619

	
SLEEPER #370
	
230
	
126
	
NMC405620

	
SLEEPER #371
	
230
	
127
	
NMC405621

	
SLEEPER #372
	
230
	
128
	
NMC405622

	
SLEEPER #373
	
230
	
129
	
NMC405623

	
SLEEPER #374
	
230
	
130
	
NMC405624

	
SLEEPER #375
	
230
	
131
	
NMC405625

	
SLEEPER #376
	
230
	
132
	
NMC405626

	
LAM 90
	
1997
	
1816
	
NMC764009

	
LAM 91
	
1997
	
1817
	
NMC764010

	
LAM 92
	
1997
	
1818
	
NMC764011

	
LAM 93
	
1997
	
1819
	
NMC764012

	
LAM 94
	
1997
	
1820
	
NMC764013

	
LAM 95
	
1997
	
1821
	
NMC764014

	
LAM 96
	
1997
	
1822
	
NMC764015

	
LAM 97
	
1997
	
1823
	
NMC764016

	
LAM 98
	
1997
	
1824
	
NMC764017

	
LAM 99
	
1997
	
1825
	
NMC764018

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 100
	
1997
	
1826
	
NMC764019

	
LAM 102
	
1997
	
1828
	
NMC764021

	
LAM 104
	
1997
	
1830
	
NMC764023

	
LAM 106
	
1997
	
1832
	
NMC764025

	
LAM 108
	
1997
	
1834
	
NMC764027

	
LAM 110
	
1997
	
1836
	
NMC764029

	
LAM 112
	
1997
	
1838
	
NMC764031

	
LAM 114
	
1997
	
1840
	
NMC764033

	
LAM 116
	
1997
	
1842
	
NMC764035

	
LAM 118
	
1997
	
1844
	
NMC764037

	
LAM 120
	
1997
	
1846
	
NMC764039

	
LAM 122
	
1997
	
1848
	
NMC764041

	
LAM 124
	
1997
	
1850
	
NMC764043

	
LAM 126
	
1997
	
1852
	
NMC764045

	
LAM 128
	
1997
	
1854
	
NMC764047

	
LAM 130
	
1997
	
1856
	
NMC764049

	
LAM 132
	
1997
	
1858
	
NMC764051

	
LAM 134
	
1997
	
1860
	
NMC764053

	
LAM 136
	
1997
	
1862
	
NMC764055

	
LAM 138
	
1997
	
1864
	
NMC764057

	
LAM 140
	
1997
	
1866
	
NMC764059

	
LAM 142
	
1997
	
1868
	
NMC764061

	
LAM 144
	
1997
	
1870
	
NMC764063

	
LAM 146
	
1997
	
1872
	
NMC764065

	
LAM 148
	
1997
	
1874
	
NMC764067

	
LAM 150
	
1997
	
1876
	
NMC764069

	
LAM 152
	
1997
	
1878
	
NMC764071

	
LAM 153
	
1997
	
1879
	
NMC764072

	
LAM 154
	
1997
	
1880
	
NMC764073

	
LAM 155
	
1997
	
1881
	
NMC764074

	
LAM 156
	
1997
	
1882
	
NMC764075

	
LAM 157
	
1997
	
1883
	
NMC764076

	
LAM 158
	
1997
	
1884
	
NMC764077

	
LAM 159
	
1997
	
1885
	
NMC764078

	
LAM 160
	
1997
	
1886
	
NMC764079

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 161
	
1997
	
1887
	
NMC764080

	
LAM 162
	
1997
	
1888
	
NMC764081

	
LAM 163
	
1997
	
1889
	
NMC764082

	
LAM 164
	
1997
	
1890
	
NMC764083

	
LAM 165
	
1997
	
1891
	
NMC764084

	
LAM 166
	
1997
	
1892
	
NMC764085

	
LAM 167
	
1997
	
1893
	
NMC764086

	
LAM 168
	
1997
	
1894
	
NMC764087

	
LAM 169
	
1997
	
1895
	
NMC764088

	
LAM 170
	
1997
	
1896
	
NMC764089

	
LAM 171
	
1997
	
1897
	
NMC764090

	
LAM 172
	
1997
	
1898
	
NMC764091

	
LAM 173
(Amended)
	
1997
(2003)
	
1899
(2216)
	
NMC764092

	
LAM 174
(Amended)
	
1997
(2003)
	
1900
(2217)
	
NMC764093

	
LAM 175
(Amended)
	
1997
(2003)
	
1901
(2218)
	
NMC764094

	
LAM 176
(Amended)
	
1997
(2003)
	
1902
(2219)
	
NMC764095

	
LAM 177
(Amended)
	
1997
(2003)
	
1903
(2220)
	
NMC764096

	
LAM 178
	
1997
	
5161
	
NMC771946

	
LAM 180
	
1997
	
5162
	
NMC771947

	
LAM 181
	
1997
	
5163
	
NMC771948

	
LAM 182
	
1997
	
5164
	
NMC771949

	
LAM 183
	
1997
	
5165
	
NMC771950

	
LAM 184
	
1997
	
5166
	
NMC771951

	
LAM 185
	
1997
	
5167
	
NMC771952

	
LAM 186
	
1997
	
5168
	
NMC771953

	
LAM 187
	
1997
	
5169
	
NMC771954

	
LAM 188
	
1997
	
5170
	
NMC771955

	
LAM 189
	
1997
	
5171
	
NMC771956

	
LAM 191
	
1997
	
5173
	
NMC771958

	
LAM 192
	
1997
	
5174
	
NMC771959

	
LAM 193
	
1997
	
5175
	
NMC771960

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM 194
	
1997
	
5176
	
NMC771961

	
LAM 195
	
1997
	
5177
	
NMC771962

	
LAM 196
	
1997
	
5178
	
NMC771963

	
LAM 197
	
1997
	
5179
	
NMC771964

	
LAM 198
	
1997
	
5180
	
NMC771965

	
LAM 199
	
1997
	
5181
	
NMC771966

	
LAM 200
	
1997
	
5182
	
NMC771967

	
LAM 201
	
1997
	
5183
	
NMC771968

	
LAM 202
	
1997
	
5184
	
NMC771969

	
LAM 203
	
1997
	
5185
	
NMC771970

	
PDSLP 104
	
1997
	
8372
	
NMC778341

	
PDSLP 106
	
1997
	
8373
	
NMC778342

	
PDSLP 108
	
1997
	
8374
	
NMC778343

	
PDSLP 110
	
1997
	
8375
	
NMC778344

	
PDSLP 112
	
1997
	
8377
	
NMC778346

	
PDSLP 114
	
1997
	
8379
	
NMC778348

	
PDSLP 116
	
1997
	
8381
	
NMC778350

	
PDSLP 118
	
1997
	
8383
	
NMC778352

	
PDSLP 120
	
1997
	
8385
	
NMC778354

	
PDSLP 122
	
1997
	
8387
	
NMC778356

	
PDSLP 124
	
1997
	
8389
	
NMC778358

	
PDSLP 126
	
1997
	
8391
	
NMC778360

	
PDSLP 128
	
1997
	
8393
	
NMC778362

	
PDSLP 130
	
1997
	
8395
	
NMC778364

	
PDSLP 132
	
1997
	
8397
	
NMC778366

	
PDSLP 134
	
1997
	
8399
	
NMC778368

	
PDSLP 136
	
1997
	
8401
	
NMC778370

	
PDSLP 138
	
1997
	
8403
	
NMC778372

	
PDSLP 140
	
1997
	
8405
	
NMC778374

	
PDSLP 142
	
1997
	
8407
	
NMC778376

	
PDSLP 144
	
1997
	
8409
	
NMC778378

	
PDSLP 146
	
1997
	
8411
	
NMC778380

	
PDSLP 148
	
1997
	
8413
	
NMC778382

	
PDSLP 177
	
1997
	
8414
	
NMC778383

	
PDSLP 178
	
1997
	
8415
	
NMC778384

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
PDSLP 179
	
1997
	
8416
	
NMC778385

	
PDSLP 180
	
1997
	
8417
	
NMC778386

	
PDSLP 181
	
1997
	
8418
	
NMC778387

	
PDSLP 182
	
1997
	
8419
	
NMC778388

	
PDSLP 183
	
1997
	
8420
	
NMC778389

	
PDSLP 184
	
1997
	
8421
	
NMC778390

	
PDSLP 185
	
1997
	
8422
	
NMC778391

	
PDSLP 186
	
1997
	
8423
	
NMC778392

	
PDSLP 187
	
1997
	
8424
	
NMC778393

	
PDSLP 188
	
1997
	
8425
	
NMC778394

	
PDSLP 189
	
1997
	
8426
	
NMC778395

	
PDSLP 190
	
1997
	
8427
	
NMC778396

	
PDSLP 191
	
1997
	
8428
	
NMC778397

	
PDSLP 192
	
1997
	
8429
	
NMC778398

	
PDSLP 193
	
1997
	
8430
	
NMC778399

	
PDSLP 194
	
1997
	
8431
	
NMC778400

	
PDSLP 195
	
1997
	
8432
	
NMC778401

	
PDSLP 196
	
1997
	
8433
	
NMC778402

	
PDSLP 197
	
1997
	
8434
	
NMC778403

	
PDSLP 198
	
1997
	
8435
	
NMC778404

	
PDSLP 199
	
1997
	
8436
	
NMC778405

	
PDSLP 200
	
1997
	
8437
	
NMC778406

	
PDSLP 201
	
1997
	
8438
	
NMC778407

	
PDSLP 202
	
1997
	
8439
	
NMC778408

	
PDSLP 203
	
1997
	
8440
	
NMC778409

	
PDSLP 204
	
1997
	
8441
	
NMC778410

	
PDSLP 230
	
1997
	
8446
	
NMC778415

	
PDSLP 231
	
1997
	
8447
	
NMC778416

	
PDSLP 232
	
1997
	
8448
	
NMC778417

	
PDSLP 233
	
1997
	
8449
	
NMC778418

	
PDSLP 234
	
1997
	
8450
	
NMC778419

	
PDSLP 235
	
1997
	
8451
	
NMC778420

	
PDSLP 236
	
1997
	
8452
	
NMC778421

	
PDSLP 237
	
1997
	
8453
	
NMC778422

	
PDSLP 238
	
1997
	
8454
	
NMC778423

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
PDSLP 239
	
1997
	
8455
	
NMC778424

	
PDSLP 240
	
1997
	
8456
	
NMC778425

	
PDSLP 241
	
1997
	
8457
	
NMC778426

	
PDSLP 242
	
1997
	
8458
	
NMC778427

	
PDSLP 243
	
1997
	
8459
	
NMC778428

	
PDSLP 244
	
1997
	
8460
	
NMC778429

	
PDSLP 245
	
1997
	
8461
	
NMC778430

	
PDSLP 246
	
1997
	
8462
	
NMC778431

	
PDSLP 247
	
1997
	
8463
	
NMC778432

	
PDSLP 248
	
1997
	
8464
	
NMC778433

	
PDSLP 249
	
1997
	
8465
	
NMC778434

	
PDSLP 250
	
1997
	
8466
	
NMC778435

	
PDSLP 251
	
1997
	
8467
	
NMC778436

	
PDSLP 252
	
1997
	
8468
	
NMC778437

	
PDSLP 253
	
1997
	
8469
	
NMC778438

	
PDSLP 254
	
1997
	
8470
	
NMC778439

	
PDSLP 279
	
1997
	
8479
	
NMC778448

	
PDSLP 280
	
1997
	
8480
	
NMC778449

	
PDSLP 281
	
1997
	
8481
	
NMC778450

	
PDSLP 282
	
1997
	
8482
	
NMC778451

	
PDSLP 283
	
1997
	
8483
	
NMC778452

	
PDSLP 284
	
1997
	
8484
	
NMC778453

	
PDSLP 285
	
1997
	
8485
	
NMC778454

	
PDSLP 286
	
1997
	
8486
	
NMC778455

	
PDSLP 287
	
1997
	
8487
	
NMC778456

	
PDSLP 288
	
1997
	
8488
	
NMC778457

	
PDSLP 289
	
1997
	
8489
	
NMC778458

	
PDSLP 290
	
1997
	
8490
	
NMC778459

	
PDSLP 291
	
1997
	
8491
	
NMC778460

	
PDSLP 292
	
1997
	
8492
	
NMC778461

	
PDSLP 293
	
1997
	
8493
	
NMC778462

	
PDSLP 294
	
1997
	
8494
	
NMC778463

	
PDSLP 295
	
1997
	
8495
	
NMC778464

	
PDSLP 296
	
1997
	
8496
	
NMC778465

	
PDSLP 297
	
1997
	
8497
	
NMC778466

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
PDSLP 298
	
1997
	
8498
	
NMC778467

	
PDSLP 299
	
1997
	
8499
	
NMC778468

	
PDSLP 300
	
1997
	
8500
	
NMC778469

	
PDSLP 325
	
1997
	
8509
	
NMC778478

	
PDSLP 326
	
1997
	
8510
	
NMC778479

	
PDSLP 327
	
1997
	
8511
	
NMC778480

	
PDSLP 328
	
1997
	
8512
	
NMC778481

	
PDSLP 329
	
1997
	
8513
	
NMC778482

	
PDSLP 330
	
1997
	
8514
	
NMC778483

	
PDSLP 331
	
1997
	
8515
	
NMC778484

	
PDSLP 332
	
1997
	
8516
	
NMC778485

	
PDSLP 333
	
1997
	
8517
	
NMC778486

	
PDSLP 334
	
1997
	
8518
	
NMC778487

	
PDSLP 335
	
1997
	
8519
	
NMC778488

	
PDSLP 336
	
1997
	
8520
	
NMC778489

	
PDSLP 337
	
1997
	
8521
	
NMC778490

	
PDSLP 338
	
1997
	
8522
	
NMC778491

	
PDSLP 339
	
1997
	
8523
	
NMC778492

	
PDSLP 340
	
1997
	
8524
	
NMC778493

	
PDSLP 341
	
1997
	
8525
	
NMC778494

	
PDSLP 342
	
1997
	
8526
	
NMC778495

	
PDSLP 343
	
1997
	
8527
	
NMC778496

	
PDSLP 344
	
1997
	
8528
	
NMC778497

	
PDSLP 369
	
1997
	
8537
	
NMC778506

	
PDSLP 370
	
1997
	
8538
	
NMC778507

	
PDSLP 371
	
1997
	
8539
	
NMC778508

	
PDSLP 372
	
1997
	
8540
	
NMC778509

	
PDSLP 373
	
1997
	
8541
	
NMC778510

	
PDSLP 374
	
1997
	
8542
	
NMC778511

	
PDSLP 375
	
1997
	
8543
	
NMC778512

	
PDSLP 376
	
1997
	
8544
	
NMC778513

	
PDSLP 377
	
1997
	
8545
	
NMC778514

	
PDSLP 378
	
1997
	
8546
	
NMC778515

	
PDSLP 379
	
1997
	
8547
	
NMC778516

	
PDSLP 380
	
1997
	
8548
	
NMC778517

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
PDSLP 381
	
1997
	
8549
	
NMC778518

	
PDSLP 382
	
1997
	
8550
	
NMC778519

	
PDSLP 383
	
1997
	
8551
	
NMC778520

	
PDSLP 384
	
1997
	
8552
	
NMC778521

	
PDSLP 409
	
1997
	
8561
	
NMC778530

	
PDSLP 410
	
1997
	
8562
	
NMC778531

	
PDSLP 411
	
1997
	
8563
	
NMC778532

	
PDSLP 412
	
1997
	
8564
	
NMC778533

	
PDSLP 413
	
1997
	
8565
	
NMC778534

	
PDSLP 414
	
1997
	
8566
	
NMC778535

	
PDSLP 415
	
1997
	
8567
	
NMC778536

	
PDSLP 416
	
1997
	
8568
	
NMC778537

	
PDSLP 417
	
1997
	
8569
	
NMC778538

	
PDSLP 418
	
1997
	
8570
	
NMC778539

	
PDSLP 419
	
1997
	
8571
	
NMC778540

	
PDSLP 420
	
1997
	
8572
	
NMC778541

	
PDSLP 421
	
1997
	
8573
	
NMC778542

	
PDSLP 422
	
1997
	
8574
	
NMC778543

	
PDSLP 439
	
1997
	
8583
	
NMC778552

	
PDSLP 440
	
1997
	
8584
	
NMC778553

	
PDSLP 441
	
1997
	
8585
	
NMC778554

	
PDSLP 442
	
1997
	
8586
	
NMC778555

	
PDSLP 443
	
1997
	
8587
	
NMC778556

	
PDSLP 444
	
1997
	
8588
	
NMC778557

	
PDSLP 445
	
1997
	
8589
	
NMC778558

	
PDSLP 446
	
1997
	
8590
	
NMC778559

	
PDSLP 447
	
1997
	
8591
	
NMC778560

	
PDSLP 448
	
1997
	
8592
	
NMC778561

	
PDSLP 449
	
1997
	
8593
	
NMC778562

	
PDSLP 450
	
1997
	
8594
	
NMC778563

	
PDSLP 451
	
1997
	
8595
	
NMC778564

	
PDSLP 452
	
1997
	
8596
	
NMC778565

	
LAM #206
	
1998
	
138
	
NMC785737

	
LAM #207
	
1998
	
139
	
NMC785738

	
LAM #208
	
1998
	
140
	
NMC785739

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
LAM #209
	
1998
	
141
	
NMC785740

	
LAM #210
	
1998
	
142
	
NMC785741

	
SK 1
	
1998
	
2061
	
NMC789774

	
SK 2
	
1998
	
2062
	
NMC789775

	
SK 3
	
1998
	
2063
	
NMC789776

	
SK 4
	
1998
	
2064
	
NMC789777

	
SK 5
	
1998
	
2065
	
NMC789778

	
SK 6
	
1998
	
2066
	
NMC789779

	
SK 7
	
1998
	
2067
	
NMC789780

	
SK 8
	
1998
	
2068
	
NMC789781

	
SK 9
	
1998
	
2069
	
NMC789782

	
SK 14
	
1998
	
2070
	
NMC789783

	
SK 15
	
1998
	
2071
	
NMC789784

	
SK 16
	
1998
	
2072
	
NMC789785

	
SK 17
	
1998
	
2073
	
NMC789786

	
SK 18
	
1998
	
2074
	
NMC789787

	
SK 19
	
1998
	
2075
	
NMC789788

	
SK 21
	
1998
	
2077
	
NMC789790

	
SK 23
	
1998
	
2079
	
NMC789792

	
SK 25
	
1998
	
2081
	
NMC789794

	
SK 27
	
1998
	
2083
	
NMC789796

	
AW 1
	
2003
	
4920
	
NMC850604

	
AW 2
	
2003
	
4921
	
NMC850605

	
AW 3
	
2003
	
4922
	
NMC850606

	
AW 4
	
2003
	
4923
	
NMC850607

	
AW 5
	
2003
	
4924
	
NMC850608

	
AW 6
	
2003
	
4925
	
NMC850609

	
AW 7
	
2003
	
4926
	
NMC850610

	
AW 8
	
2003
	
4927
	
NMC850611

	
AW 9
	
2003
	
4928
	
NMC850612

	
AW 10
	
2003
	
4929
	
NMC850613

	
AW 11
	
2003
	
4930
	
NMC850614

	
AW 12
	
2003
	
4931
	
NMC850615

	
AW 13
	
2003
	
4932
	
NMC850616

	
AW 14
	
2003
	
4933
	
NMC850617

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
AW 15
	
2003
	
4934
	
NMC850618

	
AW 16
	
2003
	
4935
	
NMC850619

	
AW 17
	
2003
	
4936
	
NMC850620

	
AW 18
	
2003
	
4937
	
NMC850621

	
AW 19
	
2003
	
4938
	
NMC850622

	
AW 20
	
2003
	
4939
	
NMC850623

	
AW 21
	
2003
	
4940
	
NMC850624

	
AW 22
	
2003
	
4941
	
NMC850625

	
AW 23
	
2003
	
4942
	
NMC850626

	
AW 24
	
2003
	
4943
	
NMC850627

	
AW 25
	
2003
	
4944
	
NMC850628

	
AW 26
	
2003
	
4945
	
NMC850629

	
AW 27
	
2003
	
4946
	
NMC850630

	
AW 28
	
2003
	
4947
	
NMC850631

	
AW 29
	
2003
	
4948
	
NMC850632

	
SSG 1
	
2005
	
9592
	
NMC909185

	
SSG 2
	
2005
	
9593
	
NMC909186

	
SSG 3
	
2005
	
9594
	
NMC909187

	
SSG 4
	
2005
	
9595
	
NMC909188

	
SSG 5
	
2005
	
9596
	
NMC909189

	
SSG 6
	
2005
	
9597
	
NMC909190

	
SSG 7
	
2005
	
9598
	
NMC909191

	
SSG 8
	
2005
	
9599
	
NMC909192

	
SSG 9
	
2005
	
9600
	
NMC909193

	
SSG 10
	
2005
	
9601
	
NMC909194

	
SSG 11
	
2005
	
9602
	
NMC909195

	
SSG 12
	
2005
	
9603
	
NMC909196

	
SSG 13
	
2005
	
9604
	
NMC909197

	
SSG 14
	
2005
	
9605
	
NMC909198

	
SSG  15
	
2005
	
9606
	
NMC909199

	
SSG 16
	
2005
	
9607
	
NMC909200

	
SSG 17
	
2005
	
9608
	
NMC909201

	
SSG 18
	
2005
	
9609
	
NMC909202

	
SSG 19
	
2005
	
9610
	
NMC909203

	
SSG 20
	
2005
	
9611
	
NMC909204

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
Book
	
Page
	
Serial No.

	
SSG 21
	
2005
	
9612
	
NMC909205

	
SSG 22
	
2005
	
9613
	
NMC909206

	
SSG 23
	
2005
	
9614
	
NMC909207

	
SSG 24
	
2005
	
9615
	
NMC909208

 

Total of 794 unpatented mining claims.

 

 

(Mimi)

 

The following eight hundred and eighty-four (884) unpatented mining claims situated in Humboldt County, Nevada:

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 1
	
2012
	
299
	
NMC1065272

	
MIMI 2
	
2012
	
300
	
NMC1065273

	
MIMI 3
	
2012
	
301
	
NMC1065274

	
MIMI 4
	
2012
	
302
	
NMC1065275

	
MIMI 5
	
2012
	
303
	
NMC1065276

	
MIMI 6
	
2012
	
304
	
NMC1065277

	
MIMI 7
	
2012
	
305
	
NMC1065278

	
MIMI 8
	
2012
	
306
	
NMC1065279

	
MIMI 9
	
2012
	
307
	
NMC1065280

	
MIMI 10
	
2012
	
308
	
NMC1065281

	
MIMI 11
	
2012
	
309
	
NMC1065282

	
MIMI 12
	
2012
	
310
	
NMC1065283

	
MIMI 13
	
2012
	
311
	
NMC1065284

	
MIMI 14
	
2012
	
312
	
NMC1065285

	
MIMI 15
	
2012
	
313
	
NMC1065286

	
MIMI 16
	
2012
	
314
	
NMC1065287

	
MIMI 17
	
2012
	
315
	
NMC1065288

	
MIMI 18
	
2012
	
316
	
NMC1065289

	
MIMI 19
	
2012
	
317
	
NMC1065290

	
MIMI 20
	
2012
	
318
	
NMC1065291

	
MIMI 21
	
2012
	
319
	
NMC1065292

	
MIMI 22
	
2012
	
320
	
NMC1065293

	
MIMI 23
	
2012
	
321
	
NMC1065294

	
MIMI 24
	
2012
	
322
	
NMC1065295

	
MIMI 25
	
2012
	
323
	
NMC1065296

	
MIMI 26
	
2012
	
324
	
NMC1065297

	
MIMI 27
	
2012
	
325
	
NMC1065298

	
MIMI 28
	
2012
	
326
	
NMC1065299

	
MIMI 29
	
2012
	
327
	
NMC1065300

	
MIMI 30
	
2012
	
328
	
NMC1065301

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 31
	
2012
	
329
	
NMC1065302

	
MIMI 32
	
2012
	
330
	
NMC1065303

	
MIMI 33
	
2012
	
331
	
NMC1065304

	
MIMI 34
	
2012
	
332
	
NMC1065305

	
MIMI 35
	
2012
	
333
	
NMC1065306

	
MIMI 36
	
2012
	
334
	
NMC1065307

	
MIMI 37
	
2012
	
335
	
NMC1065308

	
MIMI 38
	
2012
	
336
	
NMC1065309

	
MIMI 39
	
2012
	
337
	
NMC1065310

	
MIMI 40
	
2012
	
338
	
NMC1065311

	
MIMI 41
	
2012
	
339
	
NMC1065312

	
MIMI 42
	
2012
	
340
	
NMC1065313

	
MIMI 43
	
2012
	
341
	
NMC1065314

	
MIMI 44
	
2012
	
342
	
NMC1065315

	
MIMI 45
	
2012
	
343
	
NMC1065316

	
MIMI 46
	
2012
	
344
	
NMC1065317

	
MIMI 47
	
2012
	
345
	
NMC1065318

	
MIMI 48
	
2012
	
346
	
NMC1065319

	
MIMI 49
	
2012
	
347
	
NMC1065320

	
MIMI 50
	
2012
	
348
	
NMC1065321

	
MIMI 51
	
2012
	
349
	
NMC1065322

	
MIMI 52
	
2012
	
350
	
NMC1065323

	
MIMI 53
	
2012
	
351
	
NMC1065324

	
MIMI 54
	
2012
	
352
	
NMC1065325

	
MIMI 55
	
2012
	
353
	
NMC1065326

	
MIMI 56
	
2012
	
354
	
NMC1065327

	
MIMI 57
	
2012
	
355
	
NMC1065328

	
MIMI 58
	
2012
	
356
	
NMC1065329

	
MIMI 59
	
2012
	
357
	
NMC1065330

	
MIMI 60
	
2012
	
358
	
NMC1065331

	
MIMI 61
	
2012
	
359
	
NMC1065332

	
MIMI 62
	
2012
	
360
	
NMC1065333

	
MIMI 63
	
2012
	
361
	
NMC1065334

	
MIMI 64
	
2012
	
362
	
NMC1065335

	
MIMI 65
	
2012
	
363
	
NMC1065336

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 66
	
2012
	
364
	
NMC1065337

	
MIMI 67
	
2012
	
365
	
NMC1065338

	
MIMI 68
	
2012
	
366
	
NMC1065339

	
MIMI 69
	
2012
	
367
	
NMC1065340

	
MIMI 70
	
2012
	
368
	
NMC1065341

	
MIMI 71
	
2012
	
369
	
NMC1065342

	
MIMI 72
	
2012
	
370
	
NMC1065343

	
MIMI 73
	
2012
	
371
	
NMC1065344

	
MIMI 74
	
2012
	
372
	
NMC1065345

	
MIMI 75
	
2012
	
373
	
NMC1065346

	
MIMI 76
	
2012
	
374
	
NMC1065347

	
MIMI 77
	
2012
	
375
	
NMC1065348

	
MIMI 78
	
2012
	
376
	
NMC1065349

	
MIMI 79
	
2012
	
377
	
NMC1065350

	
MIMI 80
	
2012
	
378
	
NMC1065351

	
MIMI 81
	
2012
	
379
	
NMC1065352

	
MIMI 82
	
2012
	
380
	
NMC1065353

	
MIMI 83
	
2012
	
381
	
NMC1065354

	
MIMI 84
	
2012
	
382
	
NMC1065355

	
MIMI 103
	
2012
	
401
	
NMC1065374

	
MIMI 104
	
2012
	
402
	
NMC1065375

	
MIMI 110
	
2012
	
408
	
NMC1065381

	
MIMI 111
	
2012
	
409
	
NMC1065382

	
MIMI 112
	
2012
	
410
	
NMC1065383

	
MIMI 113
	
2012
	
411
	
NMC1065384

	
MIMI 114
	
2012
	
412
	
NMC1065385

	
MIMI 115
	
2012
	
413
	
NMC1065386

	
MIMI 118
	
2012
	
416
	
NMC1065389

	
MIMI 119
	
2012
	
417
	
NMC1065390

	
MIMI 120
	
2012
	
418
	
NMC1065391

	
MIMI 121
	
2012
	
419
	
NMC1065392

	
MIMI 122
	
2012
	
420
	
NMC1065393

	
MIMI 123
	
2012
	
421
	
NMC1065394

	
MIMI 124
	
2012
	
422
	
NMC1065395

	
MIMI 125
	
2012
	
423
	
NMC1065396

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 126
	
2012
	
424
	
NMC1065397

	
MIMI 127
	
2012
	
425
	
NMC1065398

	
MIMI 128
	
2012
	
426
	
NMC1065399

	
MIMI 129
	
2012
	
427
	
NMC1065400

	
MIMI 130
	
2012
	
428
	
NMC1065401

	
MIMI 131
	
2012
	
429
	
NMC1065402

	
MIMI 132
	
2012
	
430
	
NMC1065403

	
MIMI 133
	
2012
	
431
	
NMC1065404

	
MIMI 134
	
2012
	
432
	
NMC1065405

	
MIMI 137
	
2012
	
433
	
NMC1065406

	
MIMI 138
	
2012
	
434
	
NMC1065407

	
MIMI 139
	
2012
	
435
	
NMC1065408

	
MIMI 140
	
2012
	
1475
	
NMC1068172

	
MIMI 141
	
2012
	
1476
	
NMC1068173

	
MIMI 142
	
2012
	
1477
	
NMC1068174

	
MIMI 143
	
2012
	
1478
	
NMC1068175

	
MIMI 144
	
2012
	
1479
	
NMC1068176

	
MIMI 145
	
2012
	
1480
	
NMC1068177

	
MIMI 146
	
2012
	
1481
	
NMC1068178

	
MIMI 147
	
2012
	
1482
	
NMC1068179

	
MIMI 148
	
2012
	
1483
	
NMC1068180

	
MIMI 149
	
2012
	
1484
	
NMC1068181

	
MIMI 150
	
2012
	
1485
	
NMC1068182

	
MIMI 151
	
2012
	
1486
	
NMC1068183

	
MIMI 152
	
2012
	
1487
	
NMC1068184

	
MIMI 153
	
2012
	
1488
	
NMC1068185

	
MIMI 154
	
2012
	
1489
	
NMC1068186

	
MIMI 155
	
2012
	
1490
	
NMC1068187

	
MIMI 156
	
2012
	
1491
	
NMC1068188

	
MIMI 157
	
2012
	
1492
	
NMC1068189

	
MIMI 158
	
2012
	
1493
	
NMC1068190

	
MIMI 159
	
2012
	
1494
	
NMC1068191

	
MIMI 160
	
2012
	
1495
	
NMC1068192

	
MIMI 161
	
2012
	
1496
	
NMC1068193

	
MIMI 162
	
2012
	
1497
	
NMC1068194

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 163
	
2012
	
1498
	
NMC1068195

	
MIMI 164
	
2012
	
1499
	
NMC1068196

	
MIMI 165
	
2012
	
1500
	
NMC1068197

	
MIMI 166
	
2012
	
1501
	
NMC1068198

	
MIMI 167
	
2012
	
1502
	
NMC1068199

	
MIMI 168
	
2012
	
1503
	
NMC1068200

	
MIMI 169
	
2012
	
1504
	
NMC1068201

	
MIMI 170
	
2012
	
1505
	
NMC1068202

	
MIMI 171
	
2012
	
1506
	
NMC1068203

	
MIMI 172
	
2012
	
1507
	
NMC1068204

	
MIMI 173
	
2012
	
1508
	
NMC1068205

	
MIMI 174
	
2012
	
1509
	
NMC1068206

	
MIMI 175
	
2012
	
1510
	
NMC1068207

	
MIMI 176
	
2012
	
1511
	
NMC1068208

	
MIMI 177
	
2012
	
1512
	
NMC1068209

	
MIMI 194
	
2012
	
1529
	
NMC1068226

	
MIMI 195
	
2012
	
1530
	
NMC1068227

	
MIMI 196
	
2012
	
1531
	
NMC1068228

	
MIMI 197
	
2012
	
1532
	
NMC1068229

	
MIMI 198
	
2012
	
1533
	
NMC1068230

	
MIMI 199
	
2012
	
1534
	
NMC1068231

	
MIMI 200
	
2012
	
1535
	
NMC1068232

	
MIMI 201
	
2012
	
1536
	
NMC1068233

	
MIMI 202
	
2012
	
1537
	
NMC1068234

	
MIMI 203
	
2012
	
1538
	
NMC1068235

	
MIMI 204
	
2012
	
1539
	
NMC1068236

	
MIMI 205
	
2012
	
1540
	
NMC1068237

	
MIMI 206
	
2012
	
1541
	
NMC1068238

	
MIMI 207
	
2012
	
1542
	
NMC1068239

	
MIMI 208
	
2012
	
1543
	
NMC1068240

	
MIMI 209
	
2012
	
1544
	
NMC1068241

	
MIMI 210
	
2012
	
1545
	
NMC1068242

	
MIMI 211
	
2012
	
1546
	
NMC1068243

	
MIMI 212
	
2012
	
1547
	
NMC1068244

	
MIMI 213
	
2012
	
1548
	
NMC1068245

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 214
	
2012
	
1549
	
NMC1068246

	
MIMI 215
	
2012
	
1550
	
NMC1068247

	
MIMI 216
	
2012
	
1551
	
NMC1068248

	
MIMI 217
	
2012
	
1552
	
NMC1068249

	
MIMI 218
	
2012
	
1553
	
NMC1068250

	
MIMI 219
	
2012
	
1554
	
NMC1068251

	
MIMI 225
	
2012
	
1560
	
NMC1068257

	
MIMI 226
	
2012
	
1561
	
NMC1068258

	
MIMI 227
	
2012
	
1562
	
NMC1068259

	
MIMI 228
	
2012
	
1563
	
NMC1068260

	
MIMI 229
	
2012
	
1564
	
NMC1068261

	
MIMI 230
	
2012
	
1565
	
NMC1068262

	
MIMI 231
	
2012
	
1566
	
NMC1068263

	
MIMI 232
	
2012
	
1567
	
NMC1068264

	
MIMI 239
	
2012
	
1574
	
NMC1068271

	
MIMI 240
	
2012
	
1575
	
NMC1068272

	
MIMI 241
	
2012
	
1576
	
NMC1068273

	
MIMI 242
	
2012
	
1577
	
NMC1068274

	
MIMI 246
	
2012
	
1581
	
NMC1068278

	
MIMI 247
	
2012
	
1582
	
NMC1068279

	
MIMI 248
	
2012
	
1583
	
NMC1068280

	
MIMI 257
	
2012
	
3074
	
NMC1072849

	
MIMI 258
	
2012
	
3075
	
NMC1072850

	
MIMI 259
	
2012
	
3076
	
NMC1072851

	
MIMI 260
	
2012
	
3077
	
NMC1072852

	
MIMI 261
	
2012
	
3078
	
NMC1072853

	
MIMI 262
	
2012
	
3079
	
NMC1072854

	
MIMI 263
	
2012
	
3080
	
NMC1072855

	
MIMI 264
	
2012
	
3081
	
NMC1072856

	
MIMI 265
	
2012
	
3082
	
NMC1072857

	
MIMI 266
	
2012
	
3083
	
NMC1072858

	
MIMI 267
	
2012
	
3084
	
NMC1072859

	
MIMI 268
	
2012
	
3085
	
NMC1072860

	
MIMI 269
	
2012
	
3086
	
NMC1072861

	
MIMI 270
	
2012
	
3087
	
NMC1072862

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 271
	
2012
	
3088
	
NMC1072863

	
MIMI 272
	
2012
	
3089
	
NMC1072864

	
MIMI 273
	
2012
	
3090
	
NMC1072865

	
MIMI 274
	
2012
	
3091
	
NMC1072866

	
MIMI 275
	
2012
	
3092
	
NMC1072867

	
MIMI 276
	
2012
	
3093
	
NMC1072868

	
MIMI 277
	
2012
	
3094
	
NMC1072869

	
MIMI 278
	
2012
	
3095
	
NMC1072870

	
MIMI 279
	
2012
	
3096
	
NMC1072871

	
MIMI 280
	
2012
	
3097
	
NMC1072872

	
MIMI 281
	
2012
	
3098
	
NMC1072873

	
MIMI 282
	
2012
	
3099
	
NMC1072874

	
MIMI 283
	
2012
	
3100
	
NMC1072875

	
MIMI 284
	
2012
	
3101
	
NMC1072876

	
MIMI 285
	
2012
	
3102
	
NMC1072877

	
MIMI 286
	
2012
	
3103
	
NMC1072878

	
MIMI 287
	
2012
	
3104
	
NMC1072879

	
MIMI 288
	
2012
	
3105
	
NMC1072880

	
MIMI 289
	
2012
	
3106
	
NMC1072881

	
MIMI 290
	
2012
	
3107
	
NMC1072882

	
MIMI 291
	
2012
	
3108
	
NMC1072883

	
MIMI 292
	
2012
	
3109
	
NMC1072884

	
MIMI 293
	
2012
	
3110
	
NMC1072885

	
MIMI 294
	
2012
	
3111
	
NMC1072886

	
MIMI 295
	
2012
	
3112
	
NMC1072887

	
MIMI 296
	
2012
	
3113
	
NMC1072888

	
MIMI 297
	
2012
	
3114
	
NMC1072889

	
MIMI 301
	
2012
	
3115
	
NMC1072890

	
MIMI 302
	
2012
	
3116
	
NMC1072891

	
MIMI 303
	
2012
	
3117
	
NMC1072892

	
MIMI 304
	
2012
	
3118
	
NMC1072893

	
MIMI 305
	
2012
	
3119
	
NMC1072894

	
MIMI 315
	
2012
	
3120
	
NMC1072895

	
MIMI 316
	
2012
	
3121
	
NMC1072896

	
MIMI 317
	
2012
	
3122
	
NMC1072897

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 318
	
2012
	
3123
	
NMC1072898

	
MIMI 319
	
2012
	
3124
	
NMC1072899

	
MIMI 320
	
2012
	
3125
	
NMC1072900

	
MIMI 321
	
2012
	
3126
	
NMC1072901

	
MIMI 322
	
2012
	
3127
	
NMC1072902

	
MIMI 323
	
2012
	
3128
	
NMC1072903

	
MIMI 324
	
2012
	
3129
	
NMC1072904

	
MIMI 325
	
2012
	
3130
	
NMC1072905

	
MIMI 326
	
2012
	
3131
	
NMC1072906

	
MIMI 327
	
2012
	
3132
	
NMC1072907

	
MIMI 328
	
2012
	
3133
	
NMC1072908

	
MIMI 329
	
2012
	
3134
	
NMC1072909

	
MIMI 330
	
2012
	
3135
	
NMC1072910

	
MIMI 331
	
2012
	
3136
	
NMC1072911

	
MIMI 332
	
2012
	
3137
	
NMC1072912

	
MIMI 333
	
2012
	
3138
	
NMC1072913

	
MIMI 334
	
2012
	
3139
	
NMC1072914

	
MIMI 335
	
2012
	
3140
	
NMC1072915

	
MIMI 336
	
2012
	
3141
	
NMC1072916

	
MIMI 337
	
2012
	
3142
	
NMC1072917

	
MIMI 338
	
2012
	
3143
	
NMC1072918

	
MIMI 339
	
2012
	
3144
	
NMC1072919

	
MIMI 340
	
2012
	
3145
	
NMC1072920

	
MIMI 341
	
2012
	
3146
	
NMC1072921

	
MIMI 342
	
2012
	
3147
	
NMC1072922

	
MIMI 343
	
2012
	
3148
	
NMC1072923

	
MIMI 344
	
2012
	
3149
	
NMC1072924

	
MIMI 345
	
2012
	
3150
	
NMC1072925

	
MIMI 346
	
2012
	
3151
	
NMC1072926

	
MIMI 347
	
2012
	
3152
	
NMC1072927

	
MIMI 348
	
2012
	
3153
	
NMC1072928

	
MIMI 349
	
2012
	
3154
	
NMC1072929

	
MIMI 350
	
2012
	
3155
	
NMC1072930

	
MIMI 351
	
2012
	
3156
	
NMC1072931

	
MIMI 352
	
2012
	
3157
	
NMC1072932

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 353
	
2012
	
3158
	
NMC1072933

	
MIMI 354
	
2012
	
3159
	
NMC1072934

	
MIMI 355
	
2012
	
3160
	
NMC1072935

	
MIMI 356
	
2012
	
3161
	
NMC1072936

	
MIMI 357
	
2012
	
3162
	
NMC1072937

	
MIMI 358
	
2012
	
3163
	
NMC1072938

	
MIMI 359
	
2012
	
3164
	
NMC1072939

	
MIMI 360
	
2012
	
3165
	
NMC1072940

	
MIMI 361
	
2012
	
3166
	
NMC1072941

	
MIMI 362
	
2012
	
3167
	
NMC1072942

	
MIMI 363
	
2012
	
3168
	
NMC1072943

	
MIMI 364
	
2012
	
3169
	
NMC1072944

	
MIMI 365
	
2012
	
3170
	
NMC1072945

	
MIMI 366
	
2012
	
3171
	
NMC1072946

	
MIMI 367
	
2012
	
3172
	
NMC1072947

	
MIMI 368
	
2012
	
3173
	
NMC1072948

	
MIMI 369
	
2012
	
3174
	
NMC1072949

	
MIMI 370
	
2012
	
3175
	
NMC1072950

	
MIMI 371
	
2012
	
3176
	
NMC1072951

	
MIMI 372
	
2012
	
3177
	
NMC1072952

	
MIMI 373
	
2012
	
3178
	
NMC1072953

	
MIMI 374
	
2012
	
3179
	
NMC1072954

	
MIMI 375
	
2012
	
3180
	
NMC1072955

	
MIMI 376
	
2012
	
3181
	
NMC1072956

	
MIMI 377
	
2012
	
3182
	
NMC1072957

	
MIMI 378
	
2012
	
3183
	
NMC1072958

	
MIMI 379
	
2012
	
3184
	
NMC1072959

	
MIMI 380
	
2012
	
3185
	
NMC1072960

	
MIMI 381
	
2012
	
3186
	
NMC1072961

	
MIMI 382
	
2012
	
3187
	
NMC1072962

	
MIMI 383
	
2012
	
3188
	
NMC1072963

	
MIMI 384
	
2012
	
3189
	
NMC1072964

	
MIMI 385
	
2012
	
3190
	
NMC1072965

	
MIMI 386
	
2012
	
3191
	
NMC1072966

	
MIMI 387
	
2012
	
3192
	
NMC1072967

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 388
	
2012
	
3193
	
NMC1072968

	
MIMI 389
	
2012
	
3194
	
NMC1072969

	
MIMI 390
	
2012
	
3195
	
NMC1072970

	
MIMI 391
	
2012
	
3196
	
NMC1072971

	
MIMI 392
	
2012
	
3197
	
NMC1072972

	
MIMI 393
	
2012
	
3198
	
NMC1072973

	
MIMI 394
	
2012
	
3199
	
NMC1072974

	
MIMI 395
	
2012
	
3200
	
NMC1072975

	
MIMI 396
	
2012
	
3201
	
NMC1072976

	
MIMI 397
	
2012
	
3202
	
NMC1072977

	
MIMI 398
	
2012
	
3203
	
NMC1072978

	
MIMI 399
	
2012
	
3204
	
NMC1072979

	
MIMI 400
	
2012
	
3205
	
NMC1072980

	
MIMI 401
	
2012
	
3206
	
NMC1072981

	
MIMI 402
	
2012
	
3207
	
NMC1072982

	
MIMI 403
	
2012
	
3208
	
NMC1072983

	
MIMI 404
	
2012
	
3209
	
NMC1072984

	
MIMI 405
	
2012
	
3210
	
NMC1072985

	
MIMI 406
	
2012
	
3211
	
NMC1072986

	
MIMI 407
	
2012
	
3212
	
NMC1072987

	
MIMI 408
	
2012
	
3213
	
NMC1072988

	
MIMI 409
	
2012
	
3214
	
NMC1072989

	
MIMI 410
	
2012
	
3215
	
NMC1072990

	
MIMI 411
	
2012
	
3216
	
NMC1072991

	
MIMI 412
	
2012
	
3217
	
NMC1072992

	
MIMI 413
	
2012
	
3218
	
NMC1072993

	
MIMI 414
	
2012
	
3219
	
NMC1072994

	
MIMI 415
	
2012
	
3220
	
NMC1072995

	
MIMI 416
	
2012
	
3221
	
NMC1072996

	
MIMI 417
	
2012
	
3222
	
NMC1072997

	
MIMI 418
	
2012
	
3223
	
NMC1072998

	
MIMI 419
	
2012
	
3224
	
NMC1072999

	
MIMI 420
	
2012
	
3225
	
NMC1073000

	
MIMI 421
	
2012
	
3226
	
NMC1073001

	
MIMI 422
	
2012
	
3227
	
NMC1073002

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 423
	
2012
	
3228
	
NMC1073003

	
MIMI 424
	
2012
	
3229
	
NMC1073004

	
MIMI 425
	
2012
	
3230
	
NMC1073005

	
MIMI 426
	
2012
	
3231
	
NMC1073006

	
MIMI 427
	
2012
	
3232
	
NMC1073007

	
MIMI 428
	
2012
	
3233
	
NMC1073008

	
MIMI 429
	
2012
	
3234
	
NMC1073009

	
MIMI 430
	
2012
	
3235
	
NMC1073010

	
MIMI 431

(Amended)
	
2012

(2012)
	
3236

(4704)
	
NMC1073011

	
MIMI 432
	
2012
	
3237
	
NMC1073012

	
MIMI 433
	
2012
	
3238
	
NMC1073013

	
MIMI 434
	
2012
	
3239
	
NMC1073014

	
MIMI 435
	
2012
	
3240
	
NMC1073015

	
MIMI 436
	
2012
	
3241
	
NMC1073016

	
MIMI 437
	
2012
	
3242
	
NMC1073017

	
MIMI 438
	
2012
	
3243
	
NMC1073018

	
MIMI 439
	
2012
	
3244
	
NMC1073019

	
MIMI 440
	
2012
	
3245
	
NMC1073020

	
MIMI 441
	
2012
	
3246
	
NMC1073021

	
MIMI 442
	
2012
	
3247
	
NMC1073022

	
MIMI 443
	
2012
	
3248
	
NMC1073023

	
MIMI 444
	
2012
	
3249
	
NMC1073024

	
MIMI 445
	
2012
	
3250
	
NMC1073025

	
MIMI 446
	
2012
	
3251
	
NMC1073026

	
MIMI 447
	
2012
	
3252
	
NMC1073027

	
MIMI 448
	
2012
	
3253
	
NMC1073028

	
MIMI 449
	
2012
	
3254
	
NMC1073029

	
MIMI 450
	
2012
	
3255
	
NMC1073030

	
MIMI 451
	
2012
	
3256
	
NMC1073031

	
MIMI 452
	
2012
	
3257
	
NMC1073032

	
MIMI 453
	
2012
	
3258
	
NMC1073033

	
MIMI 454
	
2012
	
3259
	
NMC1073034

	
MIMI 455
	
2012
	
3260
	
NMC1073035

	
MIMI 456
	
2012
	
3261
	
NMC1073036

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 457
	
2012
	
3262
	
NMC1073037

	
MIMI 458
	
2012
	
3263
	
NMC1073038

	
MIMI 459
	
2012
	
3264
	
NMC1073039

	
MIMI 460
	
2012
	
3265
	
NMC1073040

	
MIMI 461
	
2012
	
3266
	
NMC1073041

	
MIMI 462
	
2012
	
3267
	
NMC1073042

	
MIMI 463
	
2012
	
3268
	
NMC1073043

	
MIMI 464
	
2012
	
3269
	
NMC1073044

	
MIMI 465
	
2012
	
3270
	
NMC1073045

	
MIMI 466
	
2012
	
3271
	
NMC1073046

	
MIMI 467
	
2012
	
3272
	
NMC1073047

	
MIMI 468
	
2012
	
3273
	
NMC1073048

	
MIMI 469
	
2012
	
3274
	
NMC1073049

	
MIMI 470
	
2012
	
3275
	
NMC1073050

	
MIMI 471
	
2012
	
3276
	
NMC1073051

	
MIMI 472
	
2012
	
3277
	
NMC1073052

	
MIMI 473
	
2012
	
3278
	
NMC1073053

	
MIMI 474
	
2012
	
3279
	
NMC1073054

	
MIMI 475
	
2012
	
3280
	
NMC1073055

	
MIMI 476
	
2012
	
3281
	
NMC1073056

	
MIMI 477
	
2012
	
3282
	
NMC1073057

	
MIMI 478
	
2012
	
3283
	
NMC1073058

	
MIMI 479
	
2012
	
3284
	
NMC1073059

	
MIMI 480
	
2012
	
3285
	
NMC1073060

	
MIMI 481
	
2012
	
3286
	
NMC1073061

	
MIMI 482
	
2012
	
3287
	
NMC1073062

	
MIMI 483
	
2012
	
3288
	
NMC1073063

	
MIMI 484
	
2012
	
3289
	
NMC1073064

	
MIMI 485
	
2012
	
3290
	
NMC1073065

	
MIMI 486
	
2012
	
3291
	
NMC1073066

	
MIMI 487
	
2012
	
3292
	
NMC1073067

	
MIMI 488
	
2012
	
3293
	
NMC1073068

	
MIMI 489
	
2012
	
3294
	
NMC1073069

	
MIMI 490
	
2012
	
3295
	
NMC1073070

	
MIMI 491
	
2012
	
3296
	
NMC1073071

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 492
	
2012
	
3297
	
NMC1073072

	
MIMI 493
	
2012
	
3298
	
NMC1073073

	
MIMI 494
	
2012
	
3299
	
NMC1073074

	
MIMI 495
	
2012
	
3300
	
NMC1073075

	
MIMI 496
	
2012
	
3301
	
NMC1073076

	
MIMI 497
	
2012
	
3302
	
NMC1073077

	
MIMI 498
	
2012
	
3303
	
NMC1073078

	
MIMI 499
	
2012
	
3304
	
NMC1073079

	
MIMI 500
	
2012
	
3305
	
NMC1073080

	
MIMI 501
	
2012
	
3306
	
NMC1073081

	
MIMI 502
	
2012
	
3307
	
NMC1073082

	
MIMI 503
	
2012
	
3308
	
NMC1073083

	
MIMI 504
	
2012
	
3309
	
NMC1073084

	
MIMI 505
	
2012
	
3310
	
NMC1073085

	
MIMI 506
	
2012
	
3311
	
NMC1073086

	
MIMI 507
	
2012
	
3312
	
NMC1073087

	
MIMI 508
	
2012
	
3313
	
NMC1073088

	
MIMI 509
	
2012
	
3314
	
NMC1073089

	
MIMI 510
	
2012
	
3315
	
NMC1073090

	
MIMI 511
	
2012
	
3316
	
NMC1073091

	
MIMI 512
	
2012
	
3317
	
NMC1073092

	
MIMI 513
	
2012
	
3318
	
NMC1073093

	
MIMI 514
	
2012
	
3319
	
NMC1073094

	
MIMI 515
	
2012
	
3320
	
NMC1073095

	
MIMI 516
	
2012
	
3321
	
NMC1073096

	
MIMI 517
	
2012
	
3322
	
NMC1073097

	
MIMI 518
	
2012
	
3323
	
NMC1073098

	
MIMI 519
	
2012
	
3324
	
NMC1073099

	
MIMI 520
	
2012
	
3325
	
NMC1073100

	
MIMI 521
	
2012
	
3326
	
NMC1073101

	
MIMI 522
	
2012
	
3327
	
NMC1073102

	
MIMI 523
	
2012
	
3328
	
NMC1073103

	
MIMI 524
	
2012
	
3329
	
NMC1073104

	
MIMI 525
	
2012
	
3330
	
NMC1073105

	
MIMI 526
	
2012
	
3331
	
NMC1073106

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 527
	
2012
	
3332
	
NMC1073107

	
MIMI 528
	
2012
	
3333
	
NMC1073108

	
MIMI 529
	
2012
	
3334
	
NMC1073109

	
MIMI 530
	
2012
	
3335
	
NMC1073110

	
MIMI 531
	
2012
	
3336
	
NMC1073111

	
MIMI 532
	
2012
	
3337
	
NMC1073112

	
MIMI 533
	
2012
	
3338
	
NMC1073113

	
MIMI 534
	
2012
	
3339
	
NMC1073114

	
MIMI 535
	
2012
	
3340
	
NMC1073115

	
MIMI 536
	
2012
	
3341
	
NMC1073116

	
MIMI 537
	
2012
	
3342
	
NMC1073117

	
MIMI 538
	
2012
	
3343
	
NMC1073118

	
MIMI 539
	
2012
	
3344
	
NMC1073119

	
MIMI 540
	
2012
	
3345
	
NMC1073120

	
MIMI 541
	
2012
	
3346
	
NMC1073121

	
MIMI 542
	
2012
	
3347
	
NMC1073122

	
MIMI 543
	
2012
	
3348
	
NMC1073123

	
MIMI 544
	
2012
	
3349
	
NMC1073124

	
MIMI 545
	
2012
	
3350
	
NMC1073125

	
MIMI 546
	
2012
	
3351
	
NMC1073126

	
MIMI 547
	
2012
	
3352
	
NMC1073127

	
MIMI 548
	
2012
	
3353
	
NMC1073128

	
MIMI 549
	
2012
	
3354
	
NMC1073129

	
MIMI 550
	
2012
	
3355
	
NMC1073130

	
MIMI 551
	
2012
	
3356
	
NMC1073131

	
MIMI 552
	
2012
	
3357
	
NMC1073132

	
MIMI 553
	
2012
	
3358
	
NMC1073133

	
MIMI 554
	
2012
	
3359
	
NMC1073134

	
MIMI 555
	
2012
	
3360
	
NMC1073135

	
MIMI 556
	
2012
	
3361
	
NMC1073136

	
MIMI 557
	
2012
	
3362
	
NMC1073137

	
MIMI 558
	
2012
	
3363
	
NMC1073138

	
MIMI 559
	
2012
	
3364
	
NMC1073139

	
MIMI 560
	
2012
	
3365
	
NMC1073140

	
MIMI 561
	
2012
	
3366
	
NMC1073141

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 562
	
2012
	
3367
	
NMC1073142

	
MIMI 563
	
2012
	
3368
	
NMC1073143

	
MIMI 564
	
2012
	
3369
	
NMC1073144

	
MIMI 565
	
2012
	
3370
	
NMC1073145

	
MIMI 566
	
2012
	
3371
	
NMC1073146

	
MIMI 567
	
2012
	
3372
	
NMC1073147

	
MIMI 568
	
2012
	
3373
	
NMC1073148

	
MIMI 569
	
2012
	
3374
	
NMC1073149

	
MIMI 570
	
2012
	
3375
	
NMC1073150

	
MIMI 571
	
2012
	
3376
	
NMC1073151

	
MIMI 572
	
2012
	
3377
	
NMC1073152

	
MIMI 573
	
2012
	
3378
	
NMC1073153

	
MIMI 574
	
2012
	
3379
	
NMC1073154

	
MIMI 575
	
2012
	
3380
	
NMC1073155

	
MIMI 576
	
2012
	
3381
	
NMC1073156

	
MIMI 577
	
2012
	
3382
	
NMC1073157

	
MIMI 578
	
2012
	
3383
	
NMC1073158

	
MIMI 579
	
2012
	
3384
	
NMC1073159

	
MIMI 580
	
2012
	
3385
	
NMC1073160

	
MIMI 581
	
2012
	
3386
	
NMC1073161

	
MIMI 582
	
2012
	
3387
	
NMC1073162

	
MIMI 583
	
2012
	
3388
	
NMC1073163

	
MIMI 584
	
2012
	
3389
	
NMC1073164

	
MIMI 585
	
2012
	
3390
	
NMC1073165

	
MIMI 586
	
2012
	
3391
	
NMC1073166

	
MIMI 587
	
2012
	
3392
	
NMC1073167

	
MIMI 588
	
2012
	
3393
	
NMC1073168

	
MIMI 589
	
2012
	
3394
	
NMC1073169

	
MIMI 590
	
2012
	
3395
	
NMC1073170

	
MIMI 591
	
2012
	
3396
	
NMC1073171

	
MIMI 592
	
2012
	
3397
	
NMC1073172

	
MIMI 593
	
2012
	
3398
	
NMC1073173

	
MIMI 594
	
2012
	
3399
	
NMC1073174

	
MIMI 595
	
2012
	
3400
	
NMC1073175

	
MIMI 596
	
2012
	
3401
	
NMC1073176

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 597
	
2012
	
3402
	
NMC1073177

	
MIMI 598
	
2012
	
3403
	
NMC1073178

	
MIMI 599
	
2012
	
3404
	
NMC1073179

	
MIMI 600
	
2012
	
3405
	
NMC1073180

	
MIMI 601
	
2012
	
3406
	
NMC1073181

	
MIMI 602
	
2012
	
3407
	
NMC1073182

	
MIMI 603
	
2012
	
3408
	
NMC1073183

	
MIMI 604
	
2012
	
3409
	
NMC1073184

	
MIMI 605
	
2012
	
3410
	
NMC1073185

	
MIMI 606
	
2012
	
3411
	
NMC1073186

	
MIMI 607
	
2012
	
3412
	
NMC1073187

	
MIMI 608
	
2012
	
3413
	
NMC1073188

	
MIMI 609
	
2012
	
3414
	
NMC1073189

	
MIMI 610
	
2012
	
3415
	
NMC1073190

	
MIMI 611
	
2012
	
3416
	
NMC1073191

	
MIMI 612
	
2012
	
3417
	
NMC1073192

	
MIMI 613
	
2012
	
3418
	
NMC1073193

	
MIMI 614
	
2012
	
3419
	
NMC1073194

	
MIMI 615
	
2012
	
3420
	
NMC1073195

	
MIMI 616
	
2012
	
3421
	
NMC1073196

	
MIMI 617
	
2012
	
3422
	
NMC1073197

	
MIMI 618
	
2012
	
3423
	
NMC1073198

	
MIMI 619
	
2012
	
3424
	
NMC1073199

	
MIMI 620
	
2012
	
3425
	
NMC1073200

	
MIMI 621
	
2012
	
3426
	
NMC1073201

	
MIMI 622
	
2012
	
3427
	
NMC1073202

	
MIMI 623
	
2012
	
3428
	
NMC1073203

	
MIMI 624
	
2012
	
3429
	
NMC1073204

	
MIMI 625
	
2012
	
3430
	
NMC1073205

	
MIMI 626
	
2012
	
3431
	
NMC1073206

	
MIMI 627
	
2012
	
3432
	
NMC1073207

	
MIMI 628
	
2012
	
3433
	
NMC1073208

	
MIMI 629
	
2012
	
3434
	
NMC1073209

	
MIMI 630
	
2012
	
3435
	
NMC1073210

	
MIMI 631
	
2012
	
3436
	
NMC1073211

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 632
	
2012
	
3437
	
NMC1073212

	
MIMI 633
	
2012
	
3438
	
NMC1073213

	
MIMI 634
	
2012
	
3439
	
NMC1073214

	
MIMI 635
	
2012
	
3440
	
NMC1073215

	
MIMI 636
	
2012
	
3441
	
NMC1073216

	
MIMI 637
	
2012
	
3442
	
NMC1073217

	
MIMI 638
	
2012
	
3443
	
NMC1073218

	
MIMI 639
	
2012
	
3444
	
NMC1073219

	
MIMI 640
	
2012
	
3445
	
NMC1073220

	
MIMI 641
	
2012
	
3446
	
NMC1073221

	
MIMI 642
	
2012
	
3447
	
NMC1073222

	
MIMI 643
	
2012
	
3448
	
NMC1073223

	
MIMI 644
	
2012
	
3449
	
NMC1073224

	
MIMI 645
	
2012
	
3450
	
NMC1073225

	
MIMI 646
	
2012
	
3451
	
NMC1073226

	
MIMI 647
	
2012
	
3452
	
NMC1073227

	
MIMI 648
	
2012
	
3453
	
NMC1073228

	
MIMI 649
	
2012
	
3454
	
NMC1073229

	
MIMI 650
	
2012
	
3455
	
NMC1073230

	
MIMI 651
	
2012
	
3456
	
NMC1073231

	
MIMI 652
	
2012
	
3457
	
NMC1073232

	
MIMI 653
	
2012
	
3458
	
NMC1073233

	
MIMI 654
	
2012
	
3459
	
NMC1073234

	
MIMI 655
	
2012
	
3460
	
NMC1073235

	
MIMI 656
	
2012
	
3461
	
NMC1073236

	
MIMI 657
	
2012
	
3462
	
NMC1073237

	
MIMI 658
	
2012
	
3463
	
NMC1073238

	
MIMI 659
	
2012
	
3464
	
NMC1073239

	
MIMI 660
	
2012
	
3465
	
NMC1073240

	
MIMI 661
	
2012
	
3466
	
NMC1073241

	
MIMI 662
	
2012
	
3467
	
NMC1073242

	
MIMI 663
	
2012
	
3468
	
NMC1073243

	
MIMI 664
	
2012
	
3469
	
NMC1073244

	
MIMI 665
	
2012
	
3470
	
NMC1073245

	
MIMI 666
	
2012
	
3471
	
NMC1073246

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 667
	
2012
	
3472
	
NMC1073247

	
MIMI 668
	
2012
	
3473
	
NMC1073248

	
MIMI 669
	
2012
	
3474
	
NMC1073249

	
MIMI 670
	
2012
	
3475
	
NMC1073250

	
MIMI 671
	
2012
	
3476
	
NMC1073251

	
MIMI 672
	
2012
	
3477
	
NMC1073252

	
MIMI 673
	
2012
	
3478
	
NMC1073253

	
MIMI 674
	
2012
	
3479
	
NMC1073254

	
MIMI 675
	
2012
	
3480
	
NMC1073255

	
MIMI 676
	
2012
	
3481
	
NMC1073256

	
MIMI 677
	
2012
	
3482
	
NMC1073257

	
MIMI 678
	
2012
	
3483
	
NMC1073258

	
MIMI 679
	
2012
	
3484
	
NMC1073259

	
MIMI 680
	
2012
	
3485
	
NMC1073260

	
MIMI 681
	
2012
	
3486
	
NMC1073261

	
MIMI 682
	
2012
	
3487
	
NMC1073262

	
MIMI 683
	
2012
	
3488
	
NMC1073263

	
MIMI 684
	
2012
	
3489
	
NMC1073264

	
MIMI 685
	
2012
	
3490
	
NMC1073265

	
MIMI 686
	
2012
	
3491
	
NMC1073266

	
MIMI 687
	
2012
	
3492
	
NMC1073267

	
MIMI 688
	
2012
	
3493
	
NMC1073268

	
MIMI 689
	
2012
	
3494
	
NMC1073269

	
MIMI 690
	
2012
	
3495
	
NMC1073270

	
MIMI 691
	
2012
	
3496
	
NMC1073271

	
MIMI 692
	
2012
	
3497
	
NMC1073272

	
MIMI 693
	
2012
	
3498
	
NMC1073273

	
MIMI 694
	
2012
	
3499
	
NMC1073274

	
MIMI 695
	
2012
	
3500
	
NMC1073275

	
MIMI 696
	
2012
	
3501
	
NMC1073276

	
MIMI 697
	
2012
	
3502
	
NMC1073277

	
MIMI 698
	
2012
	
3503
	
NMC1073278

	
MIMI 699
	
2012
	
3504
	
NMC1073279

	
MIMI 700
	
2012
	
3505
	
NMC1073280

	
MIMI 701
	
2012
	
3506
	
NMC1073281

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 702
	
2012
	
3507
	
NMC1073282

	
MIMI 703
	
2012
	
3508
	
NMC1073283

	
MIMI 704
	
2012
	
3509
	
NMC1073284

	
MIMI 705
	
2012
	
3510
	
NMC1073285

	
MIMI 706
	
2012
	
3511
	
NMC1073286

	
MIMI 707
	
2012
	
3512
	
NMC1073287

	
MIMI 708
	
2012
	
3513
	
NMC1073288

	
MIMI 709
	
2012
	
3514
	
NMC1073289

	
MIMI 710
	
2012
	
3515
	
NMC1073290

	
MIMI 711
	
2012
	
3516
	
NMC1073291

	
MIMI 712
	
2012
	
3517
	
NMC1073292

	
MIMI 713
	
2012
	
3518
	
NMC1073293

	
MIMI 714
	
2012
	
3519
	
NMC1073294

	
MIMI 715
	
2012
	
3520
	
NMC1073295

	
MIMI 716
	
2012
	
3521
	
NMC1073296

	
MIMI 717
	
2012
	
3522
	
NMC1073297

	
MIMI 718
	
2012
	
3523
	
NMC1073298

	
MIMI 719
	
2012
	
3524
	
NMC1073299

	
MIMI 720
	
2012
	
3525
	
NMC1073300

	
MIMI 721
	
2012
	
3526
	
NMC1073301

	
MIMI 722
	
2012
	
3527
	
NMC1073302

	
MIMI 723
	
2012
	
3528
	
NMC1073303

	
MIMI 724
	
2012
	
3529
	
NMC1073304

	
MIMI 725
	
2012
	
3530
	
NMC1073305

	
MIMI 726
	
2012
	
3531
	
NMC1073306

	
MIMI 727
	
2012
	
3532
	
NMC1073307

	
MIMI 728
	
2012
	
3533
	
NMC1073308

	
MIMI 729
	
2012
	
3534
	
NMC1073309

	
MIMI 730
	
2012
	
3535
	
NMC1073310

	
MIMI 731
	
2012
	
3536
	
NMC1073311

	
MIMI 732
	
2012
	
3537
	
NMC1073312

	
MIMI 733
	
2012
	
3538
	
NMC1073313

	
MIMI 734
	
2012
	
3539
	
NMC1073314

	
MIMI 735
	
2012
	
3540
	
NMC1073315

	
MIMI 736
	
2012
	
3541
	
NMC1073316

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 737
	
2012
	
3542
	
NMC1073317

	
MIMI 738
	
2012
	
3543
	
NMC1073318

	
MIMI 739
	
2012
	
3544
	
NMC1073319

	
MIMI 740
	
2012
	
3545
	
NMC1073320

	
MIMI 741
	
2012
	
3546
	
NMC1073321

	
MIMI 742
	
2012
	
3547
	
NMC1073322

	
MIMI 743
	
2012
	
3548
	
NMC1073323

	
MIMI 744
	
2012
	
3549
	
NMC1073324

	
MIMI 745
	
2012
	
3550
	
NMC1073325

	
MIMI 746
	
2012
	
3551
	
NMC1073326

	
MIMI 747
	
2012
	
3552
	
NMC1073327

	
MIMI 748
	
2012
	
3553
	
NMC1073328

	
MIMI 749
	
2012
	
3554
	
NMC1073329

	
MIMI 750
	
2012
	
3555
	
NMC1073330

	
MIMI 751
	
2012
	
3556
	
NMC1073331

	
MIMI 752
	
2012
	
3557
	
NMC1073332

	
MIMI 753
	
2012
	
3558
	
NMC1073333

	
MIMI 754
	
2012
	
3559
	
NMC1073334

	
MIMI 755
	
2012
	
3560
	
NMC1073335

	
MIMI 756
	
2012
	
3561
	
NMC1073336

	
MIMI 757
	
2012
	
3562
	
NMC1073337

	
MIMI 758
	
2012
	
3563
	
NMC1073338

	
MIMI 759
	
2012
	
3564
	
NMC1073339

	
MIMI 760
	
2012
	
3565
	
NMC1073340

	
MIMI 761
	
2012
	
3566
	
NMC1073341

	
MIMI 762
	
2012
	
3567
	
NMC1073342

	
MIMI 763
	
2012
	
3568
	
NMC1073343

	
MIMI 764
	
2012
	
3569
	
NMC1073344

	
MIMI 765
	
2012
	
3570
	
NMC1073345

	
MIMI 766
	
2012
	
3571
	
NMC1073346

	
MIMI 767
	
2012
	
3572
	
NMC1073347

	
MIMI 768
	
2012
	
3573
	
NMC1073348

	
MIMI 769
	
2012
	
3574
	
NMC1073349

	
MIMI 770
	
2012
	
3575
	
NMC1073350

	
MIMI 771
	
2012
	
3576
	
NMC1073351

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 772
	
2012
	
3577
	
NMC1073352

	
MIMI 773
	
2012
	
3578
	
NMC1073353

	
MIMI 774
	
2012
	
3579
	
NMC1073354

	
MIMI 775
	
2012
	
3580
	
NMC1073355

	
MIMI 776
	
2012
	
3581
	
NMC1073356

	
MIMI 777
	
2012
	
3582
	
NMC1073357

	
MIMI 778
	
2012
	
3583
	
NMC1073358

	
MIMI 779
	
2012
	
3584
	
NMC1073359

	
MIMI 780
	
2012
	
3585
	
NMC1073360

	
MIMI 786
	
2012
	
3586
	
NMC1073361

	
MIMI 787
	
2012
	
3587
	
NMC1073362

	
MIMI 788
	
2012
	
3588
	
NMC1073363

	
MIMI 789
	
2012
	
3589
	
NMC1073364

	
MIMI 790
	
2012
	
3590
	
NMC1073365

	
MIMI 791
	
2012
	
3591
	
NMC1073366

	
MIMI 792
	
2012
	
3592
	
NMC1073367

	
MIMI 793
	
2012
	
3593
	
NMC1073368

	
MIMI 794
	
2012
	
3594
	
NMC1073369

	
MIMI 795
	
2012
	
3595
	
NMC1073370

	
MIMI 796
	
2012
	
3596
	
NMC1073371

	
MIMI 797
	
2012
	
3597
	
NMC1073372

	
MIMI 798
	
2012
	
3598
	
NMC1073373

	
MIMI 799
	
2012
	
3599
	
NMC1073374

	
MIMI 800
	
2012
	
3600
	
NMC1073375

	
MIMI 801
	
2012
	
3601
	
NMC1073376

	
MIMI 802
	
2012
	
3602
	
NMC1073377

	
MIMI 803
	
2012
	
3603
	
NMC1073378

	
MIMI 804
	
2012
	
3604
	
NMC1073379

	
MIMI 805
	
2012
	
3605
	
NMC1073380

	
MIMI 806
	
2012
	
3606
	
NMC1073381

	
MIMI 807
	
2012
	
3607
	
NMC1073382

	
MIMI 808
	
2012
	
3608
	
NMC1073383

	
MIMI 809
	
2012
	
3609
	
NMC1073384

	
MIMI 810
	
2012
	
3610
	
NMC1073385

	
MIMI 811
	
2012
	
3611
	
NMC1073386

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 812
	
2012
	
3612
	
NMC1073387

	
MIMI 813
	
2012
	
3613
	
NMC1073388

	
MIMI 814
	
2012
	
3614
	
NMC1073389

	
MIMI 815
	
2012
	
3615
	
NMC1073390

	
MIMI 816
	
2012
	
3616
	
NMC1073391

	
MIMI 817
	
2012
	
3617
	
NMC1073392

	
MIMI 818
	
2012
	
3618
	
NMC1073393

	
MIMI 819
	
2012
	
3619
	
NMC1073394

	
MIMI 820
	
2012
	
3620
	
NMC1073395

	
MIMI 821
	
2012
	
3621
	
NMC1073396

	
MIMI 822
	
2012
	
3622
	
NMC1073397

	
MIMI 823
	
2012
	
3623
	
NMC1073398

	
MIMI 824
	
2012
	
3624
	
NMC1073399

	
MIMI 825
	
2012
	
3625
	
NMC1073400

	
MIMI 826
	
2012
	
3626
	
NMC1073401

	
MIMI 827
	
2012
	
3627
	
NMC1073402

	
MIMI 828
	
2012
	
3628
	
NMC1073403

	
MIMI 829
	
2012
	
3629
	
NMC1073404

	
MIMI 830
	
2012
	
3630
	
NMC1073405

	
MIMI 831
	
2012
	
3631
	
NMC1073406

	
MIMI 832
	
2012
	
3632
	
NMC1073407

	
MIMI 833
	
2012
	
3633
	
NMC1073408

	
MIMI 834
	
2012
	
3634
	
NMC1073409

	
MIMI 835
	
2012
	
3635
	
NMC1073410

	
MIMI 836
	
2012
	
3636
	
NMC1073411

	
MIMI 837
	
2012
	
3637
	
NMC1073412

	
MIMI 838
	
2012
	
3638
	
NMC1073413

	
MIMI 839
	
2012
	
3639
	
NMC1073414

	
MIMI 840
	
2012
	
3640
	
NMC1073415

	
MIMI 841
	
2012
	
3641
	
NMC1073416

	
MIMI 842
	
2012
	
3642
	
NMC1073417

	
MIMI 843
	
2012
	
3643
	
NMC1073418

	
MIMI 844
	
2012
	
3644
	
NMC1073419

	
MIMI 845
	
2012
	
3645
	
NMC1073420

	
MIMI 846
	
2012
	
3646
	
NMC1073421

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 847
	
2012
	
3647
	
NMC1073422

	
MIMI 848
	
2012
	
3648
	
NMC1073423

	
MIMI 849
	
2012
	
3649
	
NMC1073424

	
MIMI 850
	
2012
	
3650
	
NMC1073425

	
MIMI 851
	
2012
	
3651
	
NMC1073426

	
MIMI 852
	
2012
	
3652
	
NMC1073427

	
MIMI 853
	
2012
	
3653
	
NMC1073428

	
MIMI 854
	
2012
	
3654
	
NMC1073429

	
MIMI 855
	
2012
	
3655
	
NMC1073430

	
MIMI 856
	
2012
	
3656
	
NMC1073431

	
MIMI 857
	
2012
	
3657
	
NMC1073432

	
MIMI 858
	
2012
	
3658
	
NMC1073433

	
MIMI 859
	
2012
	
3659
	
NMC1073434

	
MIMI 860
	
2012
	
3660
	
NMC1073435

	
MIMI 861
	
2012
	
3661
	
NMC1073436

	
MIMI 862
	
2012
	
3662
	
NMC1073437

	
MIMI 863
	
2012
	
3663
	
NMC1073438

	
MIMI 864
	
2012
	
3664
	
NMC1073439

	
MIMI 865
	
2012
	
3665
	
NMC1073440

	
MIMI 866
	
2012
	
3666
	
NMC1073441

	
MIMI 867
	
2012
	
3667
	
NMC1073442

	
MIMI 868
	
2012
	
3668
	
NMC1073443

	
MIMI 869
	
2012
	
3669
	
NMC1073444

	
MIMI 870
	
2012
	
3670
	
NMC1073445

	
MIMI 871
	
2012
	
3671
	
NMC1073446

	
MIMI 872
	
2012
	
3672
	
NMC1073447

	
MIMI 873
	
2012
	
3673
	
NMC1073448

	
MIMI 874
	
2012
	
3674
	
NMC1073449

	
MIMI 875
	
2012
	
3675
	
NMC1073450

	
MIMI 876
	
2012
	
3676
	
NMC1073451

	
MIMI 877
	
2012
	
3677
	
NMC1073452

	
MIMI 878
	
2012
	
3678
	
NMC1073453

	
MIMI 879
	
2012
	
3679
	
NMC1073454

	
MIMI 880
	
2012
	
3680
	
NMC1073455

	
MIMI 881
	
2012
	
3681
	
NMC1073456

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 882
	
2012
	
3682
	
NMC1073457

	
MIMI 883
	
2012
	
3683
	
NMC1073458

	
MIMI 884
	
2012
	
3684
	
NMC1073459

	
MIMI 885
	
2012
	
3685
	
NMC1073460

	
MIMI 886
	
2012
	
3686
	
NMC1073461

	
MIMI 887
	
2012
	
3687
	
NMC1073462

	
MIMI 888
	
2012
	
3688
	
NMC1073463

	
MIMI 889
	
2012
	
3689
	
NMC1073464

	
MIMI 890
	
2012
	
3690
	
NMC1073465

	
MIMI 891
	
2012
	
3691
	
NMC1073466

	
MIMI 892
	
2012
	
3692
	
NMC1073467

	
MIMI 893
	
2012
	
3693
	
NMC1073468

	
MIMI 894
	
2012
	
3694
	
NMC1073469

	
MIMI 895
	
2012
	
3695
	
NMC1073470

	
MIMI 896
	
2012
	
3696
	
NMC1073471

	
MIMI 897
	
2012
	
3697
	
NMC1073472

	
MIMI 898
	
2012
	
3698
	
NMC1073473

	
MIMI 899
	
2012
	
3699
	
NMC1073474

	
MIMI 900
	
2012
	
3700
	
NMC1073475

	
MIMI 901
	
2012
	
3701
	
NMC1073476

	
MIMI 902
	
2012
	
3702
	
NMC1073477

	
MIMI 903
	
2012
	
3703
	
NMC1073478

	
MIMI 904
	
2012
	
3704
	
NMC1073479

	
MIMI 905
	
2012
	
3705
	
NMC1073480

	
MIMI 906
	
2012
	
3706
	
NMC1073481

	
MIMI 907
	
2012
	
3707
	
NMC1073482

	
MIMI 908
	
2012
	
3708
	
NMC1073483

	
MIMI 909
	
2012
	
3709
	
NMC1073484

	
MIMI 910
	
2012
	
3710
	
NMC1073485

	
MIMI 911
	
2012
	
3711
	
NMC1073486

	
MIMI 912
	
2012
	
3712
	
NMC1073487

	
MIMI 913
	
2012
	
3713
	
NMC1073488

	
MIMI 914
	
2012
	
3714
	
NMC1073489

	
MIMI 915
	
2012
	
3715
	
NMC1073490

	
MIMI 916
	
2012
	
3716
	
NMC1073491

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 917
	
2012
	
3717
	
NMC1073492

	
MIMI 918
	
2012
	
3718
	
NMC1073493

	
MIMI 919
	
2012
	
3719
	
NMC1073494

	
MIMI 920
	
2012
	
3720
	
NMC1073495

	
MIMI 921
	
2012
	
3721
	
NMC1073496

	
MIMI 922
	
2012
	
3722
	
NMC1073497

	
MIMI 923
	
2012
	
3723
	
NMC1073498

	
MIMI 924
	
2012
	
3724
	
NMC1073499

	
MIMI 925
	
2012
	
3725
	
NMC1073500

	
MIMI 926
	
2012
	
3726
	
NMC1073501

	
MIMI 927
	
2012
	
3727
	
NMC1073502

	
MIMI 928
	
2012
	
3728
	
NMC1073503

	
MIMI 929
	
2012
	
3729
	
NMC1073504

	
MIMI 930
	
2012
	
3730
	
NMC1073505

	
MIMI 931
	
2012
	
3731
	
NMC1073506

	
MIMI 932
	
2012
	
3732
	
NMC1073507

	
MIMI 933
	
2012
	
3733
	
NMC1073508

	
MIMI 934
	
2012
	
3734
	
NMC1073509

	
MIMI 935
	
2012
	
3735
	
NMC1073510

	
MIMI 936
	
2012
	
3736
	
NMC1073511

	
MIMI 937
	
2012
	
3737
	
NMC1073512

	
MIMI 938

(Amended)
	
2012

(2012)
	
3738

(4705)
	
NMC1073513

	
MIMI 939
	
2012
	
3739
	
NMC1073514

	
MIMI 955
	
2012
	
5031
	
NMC1077567

	
MIMI 956
	
2012
	
5032
	
NMC1077568

	
MIMI 957
	
2012
	
5033
	
NMC1077569

	
MIMI 958
	
2012
	
5034
	
NMC1077570

	
MIMI 959
	
2012
	
5035
	
NMC1077571

	
MIMI 960
	
2012
	
5036
	
NMC1077572

	
MIMI 961
	
2012
	
5037
	
NMC1077573

	
MIMI 962
	
2012
	
5038
	
NMC1077574

	
MIMI 963
	
2012
	
5039
	
NMC1077575

	
MIMI 964
	
2012
	
5040
	
NMC1077576

	
MIMI 965
	
2012
	
5041
	
NMC1077577

 

 

				
	
 
	
County
	
BLM

	
Claim Name
	
 Book
	
Page
	
Serial No.

	
MIMI 966
	
2012
	
5042
	
NMC1077578

	
MIMI 940
	
2012
	
6002
	
NMC1080362

	
MIMI 941
	
2012
	
6003
	
NMC1080363

	
MIMI 942
	
2012
	
6004
	
NMC1080364

	
MIMI 943
	
2012
	
6005
	
NMC1080365

	
MIMI 944
	
2012
	
6006
	
NMC1080366

	
MIMI 945
	
2012
	
6007
	
NMC1080367

	
MIMI 946
	
2012
	
6008
	
NMC1080368

	
MIMI 947
	
2012
	
6009
	
NMC1080369

	
MIMI 948
	
2012
	
6010
	
NMC1080370

	
MIMI 949
	
2012
	
6011
	
NMC1080371

	
MIMI 950
	
2012
	
6012
	
NMC1080372

	
MIMI 951
	
2012
	
6013
	
NMC1080373

	
MIMI 952
	
2012
	
6014
	
NMC1080374

	
MIMI 953
	
2012
	
6015
	
NMC1080375

	
MIMI 954
	
2012
	
6016
	
NMC1080376

 

Total of 884 unpatented mining claims.

 

 

 

 

 

 

 

SCHEDULE B

PERMITTED ENCUMBRANCES

“Permitted Encumbrances” means any Encumbrance in respect of the Sleeper Gold Project or Property constituted by the following:

	
 
	
(i)
	
the Existing Royalty

	
 
	
(ii)
	
the royalties set forth in paragraphs C.1 (Dry Lake Placer), C.3 (EVG/Hennigh) and C.4 (ICN), and the liens and encumbrances set forth in paragraph D in the Title Report of Erwin Thompson Faillers addressed to Paramount and the Payee dated April 10, 2019; 

	
 
	
(iii)
	
inchoate or statutory liens for taxes, assessments, royalties, rents or charges not at the time due or payable, or being contested in good faith through appropriate proceedings;

	
 
	
(iv)
	
any reservations, or exceptions contained in the original grants of land or by applicable statute or the terms of any lease in respect of the Property or comprising the Property;

	
 
	
(v)
	
minor discrepancies in the legal description or acreage of or associated with the Property or any adjoining properties which would be disclosed in an up to date survey, and any registered easements and registered restrictions or covenants that run with the land which do not materially detract from the value of, or materially impair the use of the Property for the purpose of conducting and carrying out mining operations thereon;

	
 
	
(vi)
	
rights of way for or reservations or rights of others for, sewers, water lines, gas lines, electric lines, telegraph and telephone lines, and other similar utilities, or zoning by-laws, ordinances, surface access rights or other restrictions as to the use of Property, which do not in the aggregate materially detract from the use of the Property for the purpose of conducting and carrying out mining operations thereon;

	
 
	
(vii)
	
liens or other rights granted by the Paramount Entities to secure performance of statutory obligations or regulatory requirements (including reclamation obligations);

	
 
	
(viii)
	
a right of title retention in connection with the acquisition of goods in the ordinary course of business;

	
 
	
(ix)
	
security deposits with any Governmental Body and utilities in the ordinary course of business of the Paramount Entities;

	
 
	
(x)
	
liens granted as security for the payment and performance, when due, of obligations granted pursuant to any debt financing arrangements; provided that the applicable Paramount Entities cause the lender(s) to deliver to the Payee, a letter addressed to the Payee which acknowledges the intention and agreement between 

 

 

	
 
		
the Parties that the Royalty constitutes an interest in and covenant running with the land; and

	
 
	
(xi)
	
an Encumbrance created with the Payee’s prior written consent.

 

 

SCHEDULE C

REPRESENTATIONS AND WARRANTIES OF THE PAYEE

	
1.
	
Organization and Powers. The Payee is duly organized, validly existing and in good standing under the laws of the state of Delaware and has all requisite power and authority to execute and deliver, and perform its obligations under this Agreement.

	
2.
	
Authorization; No Conflict. The execution and delivery by the Payee of, the performance of its obligations under, and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary action of the Payee, as applicable, and do not and will not:

	
 
	
(a)
	
violate the terms of its constating documents; or

	
 
	
(b)
	
conflict with, result in a breach of, or constitute a default or an event creating rights of acceleration, termination, modification or cancellation or a loss of rights under (with or without the giving notice or lapse of time or both), any written or oral contract, agreement, license, concession, indenture, mortgage, debenture, note or other instrument to which it is a party, subject or otherwise bound (including with respect to its assets) except in each case as would not have a material adverse effect on its ability to perform its obligations under this Agreement; or

	
 
	
(c)
	
violate in any material respect any Applicable Law to which it is subject or otherwise bound (including with respect to its assets).

	
3.
	
Execution; Binding Obligation. This Agreement has been duly and validly executed and delivered by the Payee, and constitutes a legal, valid and binding obligation of the Payee, enforceable against it in accordance with its terms, except to the extent enforcement may be affected by Applicable Laws and regulations relating to bankruptcy, reorganization, insolvency and creditors’ rights and by the availability of injunctive relief, specific performance and other equitable remedies.

	
4.
	
Consents. The Payee is not required to give any notice to, make any filing with or obtain any authorization, consent, Order or approval of any Person in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated herein, except, in each case, as would not have a material adverse effect on its ability to perform its obligations under this Agreement.

	
5.
	
Brokers and Finders. The Payee has not employed any broker or finder or incurred any liability for any brokerage fee, commission, finders’ fee or any other similar payment in connection with the transactions contemplated by this Agreement that could give rise to any claim against any Owner for brokerage fees, commissions, finders’ fees or any other similar payments.

	
6.
	
Sufficiency of Funds. The Payee has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Cash Consideration and consummate the transactions contemplated by this Agreement.

	
7.
	
Solvency. The Payee is Solvent and will not be rendered Insolvent by the execution and delivery of this Agreement.

	
1.
	

 

 

SCHEDULE D

REPRESENTATIONS AND WARRANTIES OF THE Owners

No specific representation or warranty shall limit the generality or applicability of a more general representation or warranty. The representations and warranties of the Owners set out in this Schedule below are made subject to and modified by the exceptions and qualifications (if any) noted in the correspondingly numbered section of the Disclosure Schedule. No disclosure in any particular section of the Disclosure Schedule (including the listing of a document or item in any Disclosure Schedule or the inclusion of a copy thereof in such Disclosure Schedule) shall be adequate to disclose an exception or qualification to a representation or warranty in any other sections of this Agreement or in any other section of the Disclosure Schedule unless the applicability of such disclosure to the other representations and warranties is clear and obvious on its face. Each section of the Disclosure Schedule shall be numbered to correspond to the paragraph of this Schedule D to which such section relates.

	
1.
	
Organization and Powers. Each Owner is:

	
 
	
(a)
	
duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to execute and deliver, and perform its obligations under this Agreement; 

	
 
	
(b)
	
qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business or the nature and location of its assets requires such qualification or licensing except where such failure to qualify or be licensed or in good standing would not have a Material Adverse Effect; and

	
 
	
(c)
	
has all requisite power and authority to own and lease its assets and carry on its business.

	
2.
	
Authorization; No Conflict. The execution and delivery by each Owner of, the performance of its obligations under, and the consummation of the transactions contemplated by this Agreement, have been duly authorized by all necessary corporate or other action of such Owner and do not and will not:

	
 
	
(a)
	
violate the terms of the constating documents of such Owner;

	
 
	
(b)
	
conflict with, result in a breach of, or constitute a default or an event creating rights of acceleration, termination, modification or cancellation or a loss of rights under (with or without the giving notice or lapse of time or both), any written or oral contract, agreement, license, concession, indenture, mortgage, debenture, note or other instrument to which any Paramount Entity is a party, subject or otherwise bound (including with respect to its assets) in each case except as would not have a Material Adverse Effect;

	
 
	
(c)
	
violate in any material respect any Applicable Law to which any Paramount Entity is subject or otherwise bound (including with respect to its assets); or

	
 
	
(d)
	
except as contemplated by this Agreement, result in, or require, the creation or imposition of any Encumbrance upon or with respect to any of the assets or properties that comprise the Sleeper Gold Project.

 

 

	
3.
	
Solvency. Each Owner is Solvent and no Owner will be rendered Insolvent by the execution and delivery of this Agreement.

	
4.
	
Execution; Binding Obligation. This Agreement has been duly and validly executed and delivered by each Owner. This Agreement constitutes a legal, valid and binding obligation of each Owner, enforceable against such Owner in accordance with its terms, except to the extent enforcement may be affected by Applicable Laws and regulations relating to bankruptcy, reorganization, insolvency and creditors’ rights and by the availability of injunctive relief, specific performance and other equitable remedies.

	
5.
	
Consents. Except as provided in the pre-emptive right provisions in the Existing Royalty Agreements, no Paramount Entity is required to give any notice to, make any filing with or obtain any authorization, consent, Order or approval of any Person in connection with the execution, delivery or performance of the obligations of the Owners under this Agreement or the consummation of the transactions contemplated herein, except for recordings or filings in connection with the perfection of the Royalty Deed in favor of the Payee.

	
6.
	
No Defaults. No event has occurred or circumstance exists that (with or without the giving of notice or lapse of time or both) has contravened, conflicted with or resulted in, or may contravene, conflict with or result in, a violation or breach of, or give any Paramount Entity or any other Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate or modify, any contract, lease, license, concession, Authorization, agreement, indenture, mortgage, debenture, note, instrument, or Order to which it is a party or by which it or its properties and assets may be bound, and, to the knowledge of each of the Owners, each other Person that is party thereto is in compliance in all material respects with the terms and requirements thereof, in each case, except as would not have a Material Adverse Effect. 

	
7.
	
Litigation. There are no material actions, suits, investigations, claims or proceedings pending or, to the knowledge of each of the Owners, threatened against or directly affecting the Owners or the Sleeper Gold Project by or before any Governmental Body.

	
8.
	
Insurance. The properties, assets and operations of the Owners are insured with reputable insurance companies (not Affiliates of any Paramount Entity), in such amounts, with such deductibles and covering such risks as is customarily carried by companies engaged in similar businesses and owning similar properties in the localities where the Owners operate.

	
9.
	
Title to Property; Liens. The Owners (i) have good and marketable possessory and record title to all unpatented mining claims and millsite claims included within the Property, (ii) have good and marketable title to such other real property interests included within the Property and not otherwise included under part (i) of this paragraph, and (iii) have good and marketable title to or hold a good and marketable leasehold interest in such properties and assets, which are not real property interests, and comprise part of the Sleeper Gold Project. Except for Permitted Encumbrances, there are no Encumbrances upon or with respect to any of the properties and assets included in the Property. Without limiting the foregoing:

	
 
	
(a)
	
no Person other than the Owners have any rights to participate in or operate the Property and the Sleeper Gold Project;

 

 

	
 
	
(b)
	
the Property comprises all of the real property, mineral and surface interests held by the Owners in respect of the Sleeper Gold Project on the date hereof;

	
 
	
(c)
	
the Property constitutes all real property, mineral, surface interests and ancillary rights necessary for, as applicable, the construction, development and mining operations of the Sleeper Gold Project, as currently operated and substantially in accordance with the current development or mine plan; and 

	
 
	
(d)
	
except as provided in the pre-emptive right provisions in the Existing Royalty Agreements, none of the Property or Minerals therefrom are subject to an option, right of first refusal or right, title, interest, reservation, claim, rent, royalty, or payment in the nature of rent or royalty, or right capable of becoming an agreement, option, right of first refusal or right, title, interest, reservation, claim, rent, royalty, or payment in the nature of rent or royalty. 

We call to your attention that title to the Property is always subject to the paramount title of the United States and, subject to the Bureau of Land Management's management authority, the rights of third parties to use the surface of the claim in a manner that does not unreasonably interfere with the claimant's activities.

	
10.
	
Maintenance of Property. All mining claim maintenance fees, rentals, royalties, recording fees, Taxes and all other amounts have been paid when due and payable and all other actions and all other obligations as are required to maintain the Property have been taken and complied with in all material respects.

	
11.
	
Authorizations. The Owners have obtained or been issued all Authorizations (including environmental Authorizations) and Other Rights (A) which are necessary for the conduct of exploration, development and operating activities as such activities are currently being conducted at or on the Property or in connection with the Sleeper Gold Project, or (B) the failure of which to be obtained would not have Material Adverse Effect. There are no facts or circumstances that might reasonably be expected to adversely affect the issuance or obtaining of any Authorizations (including environmental Authorizations) or Other Rights in the ordinary course of business by the time they are necessary for the conduct of exploration and development activities and the eventual commencement and ongoing commercial production at or on the Property or in connection with the Sleeper Gold Project, as applicable.

	
12.
	
Compliance with Applicable Laws. The Owners and the Sleeper Gold Project are and have been in compliance in all material respects with all Applicable Laws. Without limiting the generality of the foregoing, the Owners and the Sleeper Gold Project are and have been in compliance in all material respects with all applicable Environmental Laws, and there are no actions, suits, claims, notices of violation, hearings, investigations or proceedings pending or, to the knowledge of each of the Owners, threatened against or affecting any Paramount Entity with respect to the ownership, use, maintenance and operation of the Sleeper Gold Project, relating to any applicable Environmental Laws, where any adverse determination with respect thereto or liability imposed therein could reasonably be expected to have a Material Adverse Effect.

	
13.
	
Subsidiaries. New Sleeper is a direct, wholly-owned Subsidiary of Paramount. Sleeper is a direct, wholly-owned Subsidiary of New Sleeper.

 

 

	
14.
	
No Subordination. There is no agreement, indenture, contract or instrument to which any Paramount Entity is a party or by which it or any of its properties or assets may be bound that requires the Royalty Deed to be subordinate to any other Encumbrance on the Property. Upon recording the Royalty Deed against the Property, the Royalty Deed shall be senior to any and all other Encumbrances other than the Permitted Encumbrances.

	
15.
	
Mineral Reserves and Resources. The most recent estimated measured, indicated and inferred mineral resources and proven and probable mineral reserves, if any, and technical reports disclosed in the Paramount Securities Documents (as defined below) for the Sleeper Gold Project have been prepared and disclosed in accordance with accepted mining industry practices and in accordance with the requirements prescribed by National Instrument 43-101 and the companion policy thereto (as in effect on the date of publication of the relevant report or information); neither of the Owners has any knowledge that the mineral resources or mineral reserves (or any other material aspect of any technical reports) as disclosed in the Paramount Securities Documents are inaccurate in any material respect; there are no outstanding unresolved comments of any securities commission or other securities regulatory authority in each province and territory of Canada in which Paramount is a reporting issuer (the “Securities Regulatory Authorities”) in respect of the technical disclosure made in the Paramount Securities Documents; and, to the knowledge of each of the Owners, there has been no material reduction in the aggregate amount of estimated mineral resources and reserves, if any, for the Property, from the amounts last disclosed publicly by Paramount in the Paramount Securities Documents.

	
16.
	
Regulatory Compliance. Paramount has filed, on a timely basis, all required reports, schedules, financial statements, forms, registrations, certifications and other documents together with any amendments required to be made with respect thereto with the Securities Regulatory Authorities and the NYSE American since January 1, 2017 (together with the exhibits and other information incorporated therein, the “Paramount Securities Documents”) and paid all fees and assessments due and payable in connection therewith; as of their respective dates of filing (or, if amended or superseded by a filing prior to the date hereof, as of the date of such filing), the Paramount Securities Documents complied in all material respects with the requirements of Applicable Laws and none of the Paramount Securities Documents contained any untrue statement of a material fact or omits any material fact required to be stated therein or necessary to make the statements made therein, in the light of the circumstances under which they are made, not misleading; Paramount has not filed any confidential material change reports which continue to be confidential.

	
17.
	
Brokers and Finders. No Owner has employed any broker or finder or incurred any liability for any brokerage fee, commission, finders’ fee or any other similar payment in connection with the transactions contemplated by this Agreement that could give rise to any claim against the Payee for brokerage fees, commissions, finders’ fees or any other similar payments.

	
18.
	
Disclosure. All information relating to the Property provided by the Paramount Entities to the Payee or any of its representatives or advisors, or made available by the Paramount Entities to the Payee or any its representatives or advisors, is true, accurate and complete in all material respects.

 

	
1.
	

 

 

SCHEDULE E

FORM OF ROYALTY DEED

(separately attached hereto)

 

 

 

 

APN: N/A Mineral Royalty Interest

 

Recording requested by and when

recorded return to:

 

Franco Nevada U.S. Corporation

1745 Shea Center Drive, Suite 400

Highlands Ranch, Colorado 80129

Attention:Jeff Jenkins

 

 

	
	
The undersigned hereby affirms that the attached document, including any exhibits, submitted for recording does not contain the personal information (as defined in NRS 603A.040) of any person or persons. (Per NRS 239B.030)

 

 

 

ROYALTY DEED

This ROYALTY DEED is executed this 11th day of April, 2019, between Paramount Gold Nevada Corp., a Nevada corporation (“Paramount”), and Sleeper Mining Company, LLC, a Delaware limited liability company (“Sleeper, and together with Paramount, “Owner”), as grantor, and Franco-Nevada U.S. Corporation, a Delaware corporation (“Franco”) as grantee.

WHEREAS, Owner owns and has the right to develop, operate and mine the Sleeper Mine Project located in Humboldt County, Nevada (the “Project”).  

WHEREAS, Owner owns the unpatented lode and placer mining claims located in Humboldt County, Nevada that are described more particularly in Exhibit A, consisting of Exhibits A-1 through A-5 attached (the “Property”).

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which Owner acknowledges, Owner hereby grants and conveys to Franco, and agrees to pay Franco, a perpetual royalty in the amount of 2% of Net Smelter Returns (the “Royalty”) on the Minerals produced from the Property created by the Royalty Agreement between Owner and Franco dated April 11, 2019, (the “Royalty Agreement”) the material terms of which are summarized below.  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Royalty Agreement. The provisions of the Royalty Agreement are incorporated into this Royalty Deed by this reference, and this Royalty Deed is not intended to amend or supercede the Royalty Agreement in any manner.  Further information regarding the 

 

‐ 2 ‐

Royalty Agreement may be obtained from Franco Nevada U.S. Corporation, 1745 Shea Center Drive, Suite 400, Highlands Ranch, Colorado 80129, to the attention of Jeff Jenkins.  

	
 
	
I.
	
GRANT OF NSR ROYALTY

	
 
	
1.1
	
Grant.  Owner, for itself and its successors and assigns, hereby grants and conveys to Franco and its successors and assigns, and agrees to pay to Franco and its successors and assigns, the Royalty, consisting of a perpetual royalty in the amount of 2% of Net Smelter Returns, payable on a monthly basis, from Minerals produced from the Property, determined in accordance with the provisions of the Royalty Agreement (the material terms of which are summarized below).

	
 
	
1.1.1
	
Area of Interest.  If, at any time, and from time to time, any Paramount Entity hereafter acquires any additional patented claims, fee title, mineral or mining leases, and unpatented mining and millsite claims and all accessions and successions thereto, whether created privately or through government action, mineral rights and surface rights, whether owned or leased, easements, surface use agreements and any other right, title or interest to use the surface estate, in each case situated within a (***) circumambient area from the boundary of the claims, accessions and successions described on Exhibit A, the Owner shall, at its cost and expense, promptly create, grant and convey (or cause to be created, granted and conveyed) the equivalent Royalty to Franco in respect thereof, and promptly execute and deliver (or cause to be executed and delivered) all further instruments and documents (including an amended Royalty Deed reflecting such additional property interest in form and substance satisfactory to Franco), and take (or cause to be taken) all further action, that may be necessary or desirable, or that Franco may reasonably request (including recording such amended Royalty Deed), in order to create, grant, convey, record or otherwise evidence such Royalty. Such Royalty and any credits/payments on account thereof shall be held in trust for Franco until such Royalty has been created, granted and conveyed to Franco and credits/payments made to Franco as contemplated by this Royalty Deed and Section 3(b) of the Royalty Agreement.

	
 
	
1.2
	
Calculation of Net Smelter Returns & Definitions.

	
 
	
1.2.1
	
Net Smelter Returns.  For any given calendar month, Net Smelter Returns, means the amount determined by the following formula:  (A x B) – C where “A” is the Monthly Production; “B” is (i) in the case of gold, the Monthly Average Gold Price; (ii) in the case of silver, the Monthly Average Silver Price, or (iii) in the case of other Minerals, the Monthly Average COMEX Price; and, “C” is Allowable Deductions.

2

 

‐ 3 ‐

	
 
	
1.2.2
	
Allowable Deductions.  For the purposes of calculating Net Smelter Returns, “Allowable Deductions” shall mean the following Deductions (without duplication), but only if and to the extent actually incurred and paid by the Paramount Entities in respect of the Monthly Production:  

	
 
	
(a)
	
in the case of Precious Metals shipped from the Property in the form of doré:

	
 
	
(i)
	
charges and costs, if any, for transportation and insurance of doré from the Paramount Entities’ final mill or other final processing plant to places where such doré is refined (including loading, freight, insurance, security, surveyor fees, handling fees, port fees, demurrage, and forwarding expenses incurred by reason of or in the course of transportation); and

	
 
	
(ii)
	
charges imposed by the refiner for refining doré into Refined Gold or Refined Silver, as applicable;

and, for greater certainty, no Deductions of the type referred to in this provision on in (b)(i) and (ii) below shall be applicable in the case of Precious Metals which are shipped from the Property other than in the form of doré;

	
 
	
(b)
	
in the case of Minerals other than Precious Metals shipped from the Property:

	
 
	
(i)
	
subject to Section 1.2.3 below, charges and costs, if any, for transportation and insurance of Minerals that have already been processed into concentrate or other beneficiated products to places where such Minerals are subject to a final treatment process (whether by smelting, refining or otherwise) including loading, freight, insurance, security, surveyor fees, handling fees, port fees, demurrage, and forwarding expenses incurred by reason of or in the course of transportation; and

	
 
	
(ii)
	
costs and charges for  smelting or refining or other final treatment process; and

	
 
	
(c)
	
in the case of cash payments as provided in Section 3(c) of the Royalty Agreement, actual selling, marketing and brokerage costs of Refined Gold, Refined Silver or other Minerals, as applicable; 

3

 

‐ 4 ‐

provided that if Minerals are processed on or off the Property in facilities owned or controlled, in whole or in part, by a Paramount Entity, Allowable Deductions will not include any Deductions that are in excess of those that would have been incurred and have been deductible under the Royalty Agreement had such processing been carried out at facilities not owned or controlled by a Paramount Entity then offering comparable services for comparable products on prevailing terms.

	
 
	
1.2.3
	
Processing Prior to Final Treatment.  For greater certainty, if the Paramount Entities ship Minerals other than Precious Metals for processing or beneficiation at a facility prior to final treatment as contemplated in Section 1.2.2(b)(ii), no deductions for transportation of the Minerals to or the processing of the Minerals at the facility will apply (including deduction for toll milling).

	
 
	
1.2.4
	
Provisional Settlement.  Where the Paramount Entities receive any payment for Monthly Production from a Payor on a provisional basis, the amount of the Royalty payable shall be based on the gross number of ounces of Precious Metals or quantity of other Minerals credited by such provisional settlement, but shall be adjusted as between Owner and Franco to account for the quantity of Precious Metals or other Minerals established by final settlement with the Payor.

	
 
	
1.2.5
	
“Paramount Entities” means Paramount, Sleeper, New Sleeper Gold LLC, a Nevada limited liability company (“New Sleeper”), and any entities or organizations directly or indirectly is controlled by, or under common control with, or controls, any of Paramount, Sleep or New Sleeper.

	
 
	
1.2.6
	
“Minerals” means any and all metals, minerals and mineral rights of every nature and kind, including metals, precious metals, base metals, gems, diamonds, industrial minerals, commercially valuable rock, aggregate, clays, sands and diatomaceous earth, hydrocarbons, oil, gas, and other materials in whatever form or state which are mined, excavated, extracted, recovered in soluble solution or otherwise recovered or produced from the Property.

	
 
	
1.2.7
	
“Monthly Average COMEX Price” means, for any given calendar month, the monthly average of the daily COMEX settlement price for a given commodity (other than gold or silver) as quoted in United States dollars by COMEX (a division of CME Group, Inc.) for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations; provided that, if for any reason COMEX is no longer in operation or if the price of such commodity is not calculated on behalf of or confirmed, acknowledged by, or quoted by COMEX, the Monthly Average COMEX Price shall be determined by reference to the price of the commodity determined in the manner endorsed by COMEX, failing which the Monthly Average COMEX Price will be determined by reference to the price of the commodity on a commodity exchange mutually acceptable to Paramount and Franco, acting reasonably.

4

 

‐ 5 ‐

	
 
	
1.2.8
	
“Monthly Average Gold Price” means, for any given calendar month, the monthly average of the daily afternoon (PM) per ounce LBMA Gold Price as quoted in United States dollars by the London Bullion Market Association (“LMBA”) (currently in partnership with ICE Benchmark Administration) for Refined Gold for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations; provided that, if for any reason the LBMA is no longer in operation or if the price of Refined Gold is not calculated on behalf of or confirmed, acknowledged by, or quoted by the LBMA, the Monthly Average Gold Price shall be determined by reference to the price of Refined Gold determined in the manner endorsed by the LBMA and World Gold Council, failing which the Monthly Average Gold Price will be determined by reference to the price of Refined Gold on a commodity exchange mutually acceptable to Paramount and Franco, acting reasonably.

	
 
	
1.2.9
	
“Monthly Average Silver Price” means, for any given calendar month, the monthly average of the daily per ounce LBMA Silver Price as quoted in United States dollars by LBMA (currently in partnership with CME Group and Thomson Reuters) for Refined Silver for such month, calculated by dividing the sum of all such quotations during such month by the number of such quotations; provided that, if for any reason the LBMA is no longer in operation or if the price of Refined Silver is not calculated on behalf of or confirmed, acknowledged by, or quoted by the LBMA, the Monthly Average Silver Price shall be determined in the manner endorsed by the LBMA, failing which the Monthly Average Silver Price will be determined by reference to the price of Refined Silver on a commodity exchange mutually acceptable to Paramount and Franco, acting reasonably.

	
 
	
1.2.10
	
“Monthly Production” means the gross number of contained ounces of Precious Metals and the contained quantity of other Minerals in any shipment delivered to and paid for by a Payor, during any given calendar month, provided that if delivery and payment are not made in the same calendar month, the Precious Metals and/or other Minerals shall be deemed to be part of Monthly Production in the calendar month in which the later of (i) delivery and (ii) payment occurs.

	
 
	
1.2.11
	
“Payor” means the smelter, refiner, processor, purchaser or other recipient of Monthly Production, provided such entity is not a Paramount Entity.

	
 
	
1.2.12
	
“Precious Metals” means gold and silver contained in the Minerals.

	
 
	
1.2.13
	
“Property” means the lands set forth in Exhibit A, any after acquired lands as provided in the Royalty Agreement and Section 1.1.1 hereof, and all assets, improvements, and rights of any kind related to or necessary for development and/or operation of the Project.

5

 

‐ 6 ‐

	
 
	
1.2.14
	
“Refined Gold” means marketable metal bearing material in the form of gold bars or coins that is refined by an accredited refiner that is on the LBMA’s Good Delivery List to a minimum 995 parts per 1,000 fine gold and that otherwise meets the LBMA’s Good Delivery Rules.

	
 
	
1.2.15
	
“Refined Silver” means marketable metal bearing material in the form of silver bars or coins that is refined by an accredited refiner that is on the LBMA’s Good Delivery List to a minimum 999 parts per 1,000 fine silver and that otherwise meets the LBMA’s Good Delivery Rules.

	
 
	
1.3
	
In Kind Credits.  In-kind credits of the Royalty relating to gold and silver shall be made as an in-kind credit in the form of Refined Gold and Refined Silver as set forth under the Royalty Agreement.

	
 
	
1.4
	
Hedging Activities. All profits and losses resulting from the Paramount Entities entering into any Hedging Activities are specifically excluded from calculations of the Royalty pursuant to the Royalty Agreement. All Hedging Activities entered into by the Paramount Entities and all profits or losses associated therewith, if any, shall be solely for the account of the Paramount Entities. The Royalty payable on Precious Metals or other Minerals subject to Hedging Activities shall be determined in the same manner as provided in the Royalty Agreement, with the understanding that the Precious Metals or other Minerals subject to Hedging Activities shall be deemed to be part of Monthly Production, with the Monthly Average Gold Price, Monthly Average Silver Price or Monthly Average COMEX Price, as applicable, for such month being used in the calculation of the Royalty.  “Hedging Activities” means any and all activities by which a Paramount Entity sells or disposes of Minerals by entering into off-take agreements or engaging in any commodity futures trading, options trading, metals trading, or sales or dispositions of Minerals, in each case (i) for the sole purpose of eliminating or reducing exposure to market prices for Precious Metals or other Minerals produced from the Property and (ii) for other than market prices for Precious Metals or other Minerals produced from the Property, or any combination thereof, and any other similar hedging transactions or arrangements.

	
 
	
II.
	
RIGHTS & OBLIGATIONS WITH RESPECT TO ROYALTY

	
 
	
2.1
	
Nature of Interest.  The Parties further agree as follows: 

(i)The Parties agree that the Royalty is intended to be an interest in real property and constitute the grant of a vested present interest in the Property and a covenant running with the land and all successions thereof, whether created privately or through government action. The Royalty shall be applicable to the Property and binding upon the Owner and the successors and assigns of the Property.

6

 

‐ 7 ‐

(ii)Franco shall have all of the rights and incidents of ownership of a non-participating royalty owner, which incidents are covenants running with the Property and include: (a) the ownership of the non-participating royalty interests which are interests in real property; (b) the right to receive, free of expenses other than those deductible in the calculation of Net Smelter Returns, the Royalty payments; and (c) the obligation of the Owner, its successors or assigns, to make the Royalty payments, which obligation shall run with the land. Franco, however, shall not have or claim any incidents of the fee simple ownership in the Property, which incidents include: (a) the right to enter, explore, develop or mine the claims; (b) the right to execute leases, operating agreements, or similar instruments with respect to the Property; (c) the right to share in bonus payments made as the consideration for the execution of leases or other instruments; and (d) except as expressly provided herein, the right to participate in any manner in the decisions concerning, or the conduct of, operations on the Property. 

(iii)The Royalty shall attach to any amendments, relocations or conversions of any mining claim, license, lease, concession, permit, patent or other tenure comprising the Property, or to any renewals or extensions thereof. If the United States establishes a leasing system or other system of tenure for lands or minerals now subject to location under applicable mining laws, and if the new system gives the Owner an election to acquire rights under the new system in exchange for or in modification of property rights comprising part of the Property, the Royalty Agreement and the Royalty shall extend to the lease or other rights granted by the new system in exchange for such property rights included in the Property. 

(iv)Franco’s interest in Precious Metals or other Minerals on account of the Royalty shall become the property of Franco at the time of production of Precious Metals or other Minerals and shall be held by the Owner in trust for Franco until credited/paid to Franco.

(v)The Parties agree that to the extent that NRS 111.1031 (or its statutory equivalent) applies to the Royalty, the Royalty shall terminate on the date that is three hundred and sixty-four (364) years following its creation. 

	
 
	
2.2
	
Payment of Royalties.  Franco shall receive payments of the Royalty to the extent relating to Precious Metals as an in-kind credit in the form of Refined Gold and Refined Silver, as the case may be, by way of credit in metal or physical allocation to the metal account specified by Franco for such purpose, within the time periods set forth in and otherwise in accordance with Section 6 of the Royalty Agreement, unless Franco, at its option, elects to receive all or a portion of the Royalty on Precious Metals as a cash payment. If Franco wishes to receive all or a portion of the Royalty on Precious Metals as a cash payment for a particular month, Franco shall give written notice thereof to Owner at least 30 days prior to the commencement of such month, and, in such case, Owner shall pay the Royalty on Precious Metals, or the applicable portion thereof, in cash within 10 days of the last 

7

 

‐ 8 ‐

	
 
		
day of such month.  The Royalty other than on Precious Metals shall be paid in cash within 10 days of the last day of each calendar month. The cash payments shall be made by wire transfer to an account to be designated by Franco and notified to Owner at least three business days prior to the payment date. For greater certainty, Franco shall not be responsible for, and all Royalty payments shall be made free of, any Deductions, all of which shall be for the account of Owner, except as specifically provided for in Sections 3, 5 and 6 of the Royalty Agreement.

	
 
	
2.3
	
Late Charge.  If the credit/payment of the Royalty in respect of Monthly Production in a particular month is not made within 30 days after the last day of such month, Franco may give Owner written notice of such default. Unless Franco shall have received such credit/payment within five days of receipt of such notice an additional cash sum equal to 12% of the amount of the delinquent payment (the “late charge”) shall be payable to Franco, plus interest on the delinquent credit/payment and the late charge at the rate of 12% per annum, which shall accrue from the day the delinquent credit/payment was due to the date of credit/payment of the Royalty, late charge and accrued interest in full.

	
 
	
2.4
	
Compliance With Applicable Laws.  The Owner shall comply, and shall cause all operations and activities conducted at, on or in respect of the Project to comply, with all Applicable Laws, all Authorizations and the terms and conditions of Other Rights.

	
 
	
2.5
	
Books and Records; Audits; Inspections.

	
 
	
2.5.1
	
Books and Records.  Owner shall ensure that the Paramount Entities each keep true, complete and accurate books and records of all material operations and activities with respect to the Property, including the mining, treatment, processing, refining, transportation and sale of Minerals and in which complete entries will be made, in accordance with GAAP applied on a consistent basis, reflecting all material financial transactions of each of the Paramount Entities relating to the Property.  “GAAP” means generally accepted accounting principles for financial reporting for the United States set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the accounting profession, which are applicable to the circumstances as of the date of determination.  

	
 
	
2.5.2
	
Audits.  Upon not less than three Business Days’ notice and not more than once each calendar year (absent any dispute in respect of the Royalty Agreement), Franco and its authorized representatives shall be entitled, at its own cost and 

8

 

‐ 9 ‐

	
 
		
expense, to perform audits or other reviews and examinations of the Records of the Paramount Entities relevant to the payment of the Royalty pursuant to the Royalty Agreement and to otherwise confirm compliance by the Paramount Entities with the terms of the Royalty Agreement. The Owner shall ensure that the Paramount Entities each provide Franco with complete access to all the Paramount Entities’ Records at the Paramount Entities’ offices during usual business hours. If any such audits reveal a material breach of any provision of the Royalty Agreement or that credits/payments on account of the Royalty for any calendar year have been underpaid by more than 3%, the Owner shall reimburse Franco for its costs and expenses incurred in such audit, otherwise all costs and expenses incurred in connection with such audit shall be for the account of Franco.  

	
 
	
2.5.3
	
Inspections.  At reasonable times and with the prior consent of the Owner (not to be unreasonably withheld or delayed), Franco and its authorized representatives shall have a right of access to all surface and subsurface portions of the Property, to any mill, smelter, concentrator or other processing facility owned or operated by any Paramount Entity that is used to process Minerals and to any related operations of the Paramount Entities for the purpose of enabling Franco to monitor compliance by the Paramount Entities with the terms of the Royalty Agreement and/or to comply with the obligations of Franco or any of its Affiliates under National Instrument 43-101 (or any other applicable Canadian and/or US securities laws and/or stock exchange rules and policies governing the disclosure obligations of Franco or any of its Affiliates), as determined by Franco acting reasonably. Franco and its authorized representatives shall have the further right to: (i) inspect and take copies of the Records pertaining to the Property, mill, smelter, concentrator, other processing facilities and related operations; (ii) take samples from the Property or any stockpile of Minerals, any mill, smelter, concentrator or other processing facility and any Payor for purposes of assay verification; and (iii) weigh, or to cause the Paramount Entities to weigh, all trucks transporting Minerals from the Property to any mill, smelter, concentrator or other processing facility that is used to process Minerals prior to dumping of such ore and immediately following such dumping.  In addition, upon not less than 10 Business Days’ notice to the Owner, and up to two times in any calendar year, Franco shall have the right to conduct an investors tour on the Property and any facilities associated therewith.

	
 
	
III.
	
MISCELLANEOUS

	
 
	
3.1
	
Maintenance of Property.  Subject to Section 10(e) of the Royalty Agreement, Owner shall at all times do or cause to be done all things necessary to maintain the Property in good standing, including paying or causing to be paid all taxes owing in respect thereof, performing or causing to be performed all required assessment work thereon, paying or causing to be paid all claim, permit and license 

9

 

‐ 10 ‐

	
 
		
maintenances fees in respect thereof, paying or causing to be paid all rents and other payments in respect of leased properties forming a part thereof and otherwise maintaining the Property in accordance with applicable laws.

	
 
	
3.2
	
Abandonment of Property.  During the four (4) year period commencing as of the date this Royalty Deed is recorded, the Owner shall not abandon any claims comprising part of the Property or any other interest in the Property without the prior written consent of Franco (which may be withheld for any reason).  Following such four (4) year period, Owner shall not abandon any patented or unpatented claims comprising part of the Property or any other interest in the Property unless it first complies with this Section 3.2 and Section 10(e) of the Royalty Agreement. If Owner wishes to abandon any of the patented or unpatented claims comprising part of the Property or any other interest in the Property (“Abandonment Property”), Owner shall first give notice of such intention to Franco at least 90 days in advance of the proposed date of abandonment. If, not less than 10 days before the proposed date of abandonment, Franco provides Owner written notice that Franco wishes to acquire the Abandonment Property, Owner shall, without additional consideration, convey the Abandonment Property in good standing by quit claim deed, without warranty, to Franco or an assignee thereof, and shall thereafter have no further obligation to maintain title to the Abandonment Property.  If Franco does not give such notice to Owner within the prescribed period of time, Owner may abandon the Abandonment Property and shall thereafter have no further obligation to maintain title to the Abandonment Property; provided, however, that if any Paramount Entity reacquires a direct or indirect interest in any of the Abandonment Property at any time following such abandonment, the production of Minerals from such property shall be subject to the Royalty, this Royalty Deed and the Royalty Agreement. Owner shall give prompt written notice to Franco of any such reacquisition.  

	
 
	
3.3
	
Royalty and Stream Interests.  The Owner shall not, without Franco’s prior written consent (which may be withheld for any reason), create, grant, convey or otherwise agree to any royalty, or enter into any agreements that are similar to a royalty agreement, in each case in respect of all or any portion of the Property.  The Owner shall not, without Franco’s prior written consent, create, grant, convey or otherwise agree to any stream interest, or enter into any agreements that are similar to a stream agreement (which, for greater certainty, shall not include any Hedging Activity), in each case in respect of all or any portion of the Property, except as expressly permitted by and subject to Section 12 of the Royalty Agreement.

	
 
	
3.4
	
Right of First Refusal.  If the Owner (or either of them) receive a bona fide and irrevocable written offer (a “Third Party Offer”) from any Person dealing at arm’s length with the Owner to purchase a stream or similar interest (which, for greater 

10

 

‐ 11 ‐

	
 
		
certainty, shall not include any Hedging Activity) (the “Offered Interest”) in respect of all or any portion of the Property for cash consideration, which the Owner either wish to accept or have accepted conditional on and subject to Franco’s right of first refusal pursuant to Section 12 of the Royalty Agreement, the Owner shall promptly give notice of the Third Party Offer (the “Notice of Offer”) to Franco and comply with Section 12 of the Royalty Agreement. The Notice of Offer must contain a copy of the Third Party Offer and disclose the identity and address of the Person making the Third Party Offer. Upon the Notice of Offer being given, Franco will have the right to purchase all, but not less than all, of the Offered Interest at the same price and upon the same terms and conditions as are contained in the Third Party Offer.

	
 
	
3.5
	
Further Assurances. Franco, Owner and their successors and assigns shall, upon the reasonable request of the other, take all steps and execute all documents to effectuate the intent of this instrument, including but not limited to the execution and recording of documents that will evidence the fact that the non-participating royalty interest granted and conveyed herein exists and continues in full force beyond the time patents are issued for any of the unpatented mining claims subject to the Royalty.

	
 
	
3.6
	
Counterparts. This Royalty Deed may be executed in one or more counterparts and by the Parties in separate counterparts, each of which when executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument.  

	
 
	
3.7
	
Successors and Assigns.  The rights, titles, privileges and obligations under this instrument shall inure to the benefit of and be binding upon the Parties and their respective successors and assigns.  

 

11

 

 

Executed as of the date set forth above.

PARAMOUNT GOLD NEVADA CORP.

By:_______________________

Name:____________________

Title:_____________________

 

SLEEPER MINING COMPANY, LLC

By:_______________________

Name:____________________

Title:_____________________

 

FRANCO-NEVADA U.S. CORPORATION

By:_______________________

Name:_____________________

Title:______________________Exhibit 10.1

 

SIXTEENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

THIS SIXTEENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of April 12, 2019 is by and among CELADON GROUP, INC. (the “Borrower”), the Guarantors identified on the signature pages hereto, the Lenders identified on the signature pages hereto and BANK OF AMERICA, N.A., in its capacity as Administrative Agent (in such capacity, the “Administrative Agent”).

W I T N E S S E T H

A.          Certain credit facilities have been provided to the Loan Parties pursuant to that certain Amended and Restated Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the “Credit Agreement”) dated as of December 12, 2014 by and among the Borrower, the Guarantors identified therein, the Lenders identified therein and the Administrative Agent.

B.          The Borrower has requested that the Administrative Agent and Lenders consent to the Disposition by the Loan Parties of certain other assets (such Disposition, “Disposition B”), the Net Cash Proceeds of which shall be used to prepay Loans under the Credit Agreement.  The terms and conditions of Disposition B, and the assets to be sold pursuant to Disposition B (the “Disposition B Assets”), have been substantially identified in an officer’s certificate executed by a Responsible Officer of the Borrower and delivered to the Lenders on or about April 11, 2019 (the “Disposition B Certificate”, which for the avoidance of doubt shall be deemed to replace the Disposition B Certificate that was delivered to the Lenders prior to the Fifteenth Amendment Effective Date).

C.          The Borrower has informed the Administrative Agent and the Lenders that it intends to (i) enter into an agreement to settle certain liabilities of the Loan Parties, a copy of which has been delivered to Lenders in substantially final form prior to the date hereof (the “Specified Settlement Agreement”) and (ii) make an initial payment under the Specified Settlement Agreement in an amount not to exceed $5,000,000 (the “Initial Settlement Payment”).

D.          The Borrower has requested that the Lenders (i) extend the date by which Disposition B may be consummated with the consent of the Lenders, (ii) consent to the Borrower’s execution of the Specified Settlement Agreement and payment of the Initial Settlement Payment and (iii) make certain amendments to the Credit Agreement in furtherance of the foregoing.

E.          The Lenders have agreed to do so on the terms and conditions set forth in this Amendment.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.          Defined Terms.  Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement.

2.          Estoppel, Acknowledgement and Reaffirmation.  The undersigned Loan Parties hereby acknowledge and agree that, as of the date hereof, the Outstanding Amount of the Committed Loans and L/C Obligations constitute valid and subsisting obligations of such Loan Parties to the Lenders that are not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind.  The undersigned Loan Parties hereby acknowledge the Loan Parties’ obligations under the respective Loan Documents to which they are party.  Each of the undersigned Loan Parties hereby (i) acknowledges that it has granted Liens in favor of the Administrative Agent pursuant to, and is a party to, the Collateral Documents (including, with respect to certain Guarantors, pursuant to the Joinder Agreements executed by such Guarantors); (ii) reaffirms that each of the Liens created and granted in or pursuant to the Collateral Documents is valid and subsisting as of the date hereof; (iii) agrees that such Liens shall continue in effect as security for all Obligations; and (iv) agrees that this Amendment shall in no manner impair or otherwise adversely affect such Liens.

3.          Consent to Disposition B.  The Administrative Agent and Lenders hereby consent to Disposition B so long as Disposition B is consummated on terms and conditions that are materially consistent with those set forth on the Disposition B Certificate.  Each Lender hereby irrevocably authorizes the Administrative Agent to take such actions as the Administrative Agent deems necessary to release and terminate all Liens granted to or held by the Administrative Agent under the Loan Documents on the Disposition B Assets upon (x) the consummation of Disposition B and (y) the Administrative Agent’s receipt of the Net Cash Proceeds received from Disposition B.   Each Lender hereby irrevocably authorizes the Administrative Agent to execute and deliver such documents as the Loan Parties may reasonably request, and that are in form and substance acceptable to the Administrative Agent, for the purpose of confirming to the applicable purchaser that such Liens on the Disposition B Assets shall be released upon consummation of Disposition B in accordance with the conditions set forth in the Disposition B Certificate.

4.          Consent to the Specified Settlement Agreement and Initial Settlement Payment.  The Administrative Agent and Lenders hereby consent to the Borrower’s execution of the Specified Settlement Agreement.  The Administrative Agent and Lenders hereby consent to the Borrower’s payment of the Initial Settlement Payment in connection with the Specified Settlement Agreement in an amount not to exceed $5,000,000.  The Borrower shall confirm in writing to the Administrative Agent (i) within one Business Day thereof that the Specified Settlement Agreement has been executed by each party thereto, (ii) within one Business Day thereof that the Specified Settlement Agreement has received judicial approval and (iii) on the date thereof that the Initial Settlement Payment has been made.

5.          Amendments to Credit Agreement.  Subject to the satisfaction of the conditions precedent set forth below, the Credit Agreement is hereby amended as follows:

(a)          Section 1.01 of the Credit Agreement is hereby amended by deleting the following definitions in their entirety and substituting the following therefor:

“Aggregate Commitments” means the Commitments of all Lenders.  The amount of the Aggregate Commitments in effect from the Sixteenth Amendment Effective Date until the earlier to occur of (i) one Business Day after consummation of Disposition B and (ii) April 30, 2019 shall be $199,899,423.  Upon the occurrence of the earlier to occur of (i) one Business Day after consummation of Disposition B and (ii) April 30, 2019, the amount of the Aggregate Commitments shall be reduced to an amount equal to the Maximum Outstanding Amount as of such date plus $13,000,000.  The amount of the Aggregate Commitments shall at all times be subject to reduction as otherwise set forth in this Agreement.

“Disposition B” means the Disposition of certain assets on the terms and conditions permitted under the Sixteenth Amendment.

“L/C Expiration Date” means September 30, 2020.

 

2

“Maximum Borrowing Amount” means (i) as of the Sixteenth Amendment Effective Date, an amount equal to $151,899,423 and (ii) as of April 30, 2019, an amount equal to the lesser of (x) $100,799,423 or (y) $151,899,423 minus the Disposition B Reduction Amount, in each case, as such amount may be subsequently reduced from time to time pursuant to Section 2.05 or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.

“Maximum Outstanding Amount” means (i) as of the Sixteenth Amendment Effective Date, an amount equal to $186,899,423 and (ii) as of April 30, 2019, an amount equal to the lesser of (x) $135,799,423 or (y) $186,899,423 minus the Disposition B Reduction Amount, in each case, as such amount may be subsequently reduced from time to time pursuant to Section 2.05 or increased up to an amount not to exceed the Aggregate Commitments with the written consent of the Required Lenders.

(b)          Section 1.01 of the Credit Agreement is hereby amended by adding the following new definitions in the appropriate alphabetical order:

“Disposition B Reduction Amount” means an amount equal to 100% of the aggregate Net Cash Proceeds received in connection with Disposition B minus $4,138,600.

“Sixteenth Amendment” means that certain Sixteenth Amendment to Amended and Restated Credit Agreement, dated as of the Sixteenth Amendment Effective Date, by and among the Loan Parties (excluding the Mexican Loan Parties), the Administrative Agent and the Lenders.

“Sixteenth Amendment Effective Date” means April 12, 2019.

(c)          Section 2.02(f) of the Credit Agreement is hereby amended and restated in its entirety as follows:

(f)          Notwithstanding any of the provisions of this Agreement to the contrary and subject to the other borrowing limitations of this Agreement, (i) until such time as the Borrower has certified to the Administrative Agent that (A) the Specified Settlement Agreement has been executed by all necessary parties and has received judicial approval and (B) the Initial Settlement Payment has been made or will be made contemporaneously therewith, (x) the Total Outstandings shall not exceed the Maximum Outstanding Amount minus $5,000,000 and (y) the Outstanding Amount of all Loans shall not exceed the Maximum Borrowing Amount minus $5,000,000 and (ii) thereafter, (x) the Total Outstandings shall not exceed the Maximum Outstanding Amount and (y) the Outstanding Amount of all Loans shall not exceed the Maximum Borrowing Amount, in each case, at any time without the prior written consent of the Required Lenders.

(d)          Section 2.05(l) of the Credit Agreement is hereby amended and restated in its entirety as follows:

(l)          Upon the consummation of Disposition B, the Borrower shall on the next Business Day prepay Loans and/or Cash Collateralize the Dollar Equivalent of the L/C Obligations in an amount equal to the amount of Net Cash Proceeds received by the applicable Loan Party or Subsidiary in connection with such Disposition, with a reduction of the Maximum Outstanding Amount and the Maximum Borrowing Amount by an amount equal to the Disposition B Reduction Amount.

3

(e)          Each of Sections 6.12(a), (b) and (d) of the Credit Agreement is hereby amended and restated in its entirety as follows:

6.12          Financial Covenants.

(a)          Lease-Adjusted Total Debt To EBITDAR Ratio.  Maintain on a consolidated basis a Lease-Adjusted Total Debt to EBITDAR Ratio not greater than the ratio opposite the applicable testing date set forth in the table below:

	
Testing Date

 

	
Maximum Lease-Adjusted Total Debt to EBITDAR Ratio

	
June 30, 2018

	
6.09:1.00

	
July 31, 2018

	
5.91:1.00

	
August 31, 2018

	
5.61:1.00

	
September 30, 2018

	
5.19:1.00

	
October 31, 2018

	
4.86:1.00

	
November 30, 2018

	
4.61:1.00

	
December 31, 2018

	
4.61:1.00

	
January 31, 2019

	
4.36:1.00

	
February 28, 2019

	
4.24:1.00

	
March 31, 2019

	
4.48:1.00

	
April 30, 2019

	
4.59:1.00

	
May 31, 2019

	
3.48:1.00

(b)          Fixed Charge Coverage Ratio.  Maintain on a consolidated basis a Fixed Charge Coverage Ratio not less than the ratio opposite the applicable testing date set forth in the table below:

	
Testing Date

 

	
Minimum Fixed Charge Coverage Ratio

	
June 30, 2018

	
0.90:1.00

	
July 31, 2018

	
0.95:1.00

	
August 31, 2018

	
1.00:1.00

	
September 30, 2018

	
1.00:1.00

	
October 31, 2018

	
1.00:1.00

	
November 30, 2018

	
1.00:1.00

	
December 31, 2018

	
1.00:1.00

	
January 31, 2019

	
1.00:1.00

	
February 28, 2019

	
1.00:1.00

	
March 31, 2019

	
0.95:1.00

	
April 30, 2019

	
0.90:1.00

	
May 31, 2019

	
1.00:1.00

 

4

(d)          Maximum Disbursements.  Not permit the aggregate amount of Disbursements of the Loan Parties to exceed the amount opposite the applicable period set forth in the table below:

	
Period

 

	
Maximum Disbursements

	
July 1, 2018 through and including July 28, 2018

	
$97,100,000

	
July 29, 2018 through and including September 1, 2018

	
$113,500,000

	
September 2, 2018 through and including September 29, 2018

	
$73,900,000

	
September 30, 2018 through and including November 3, 2018

	
$117,500,000

	
November 4, 2018 through and including December 1, 2018

	
$82,700,000

	
December 2, 2018 through and including December 29, 2018

	
$78,557,000

	
December 30, 2018 through and including January 26, 2019

	
$77,858,000

	
January 27, 2019 through and including March 2, 2019

	
$107,752,000

	
March 3, 2019 through and including March 30, 2019

	
$75,626,000

	
March 31, 2019 through and including April 27, 2019

	
$72,695,000

	
April 28, 2019 through and including May 24, 2019

	
$54,567,000

	
May 25, 2019 through and including June 29, 2019

	
$62,409,000

6.          Updated Organizational Chart.  Within five (5) Business Days after the Sixteenth Amendment Effective Date, the Borrower shall deliver to the Administrative Agent an updated organizational chart of the Loan Parties and each of their respective Subsidiaries giving effect to Disposition A.  Within five (5) Business Days after consummation of Disposition B, the Borrower shall deliver to the Administrative Agent an updated organizational chart of the Loan Parties and each of their respective Subsidiaries giving effect to Disposition B.

7.          Conditions Precedent.  This Amendment shall become effective as of the date hereof upon the satisfaction (or waiver by the Administrative Agent) of the following conditions precedent:

(a)          receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Borrower, the Guarantors (excluding the Mexican Loan Parties), each Lender and the Administrative Agent;

(b)          receipt by the Administrative Agent of opinions of legal counsel to the Borrower in form and substance reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, dated as of the date hereof; and

(c)          receipt by the Administrative Agent of a certificate of each Loan Party (excluding the Mexican Loan Parties) dated as of the date hereof signed by a Responsible Officer of such Loan Party (A) certifying and attaching resolutions adopted by the board of directors or equivalent governing body of such Loan Party approving this Amendment and (B) in the case of the Borrower, certifying that, after giving effect to this Amendment, (1) the representations and warranties of each Loan Party contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, in each case, other than with respect to the Audit Events (as defined in that certain Eighth Amendment to Credit Agreement dated as of March 30, 2018 by and among the parties hereto), and (2) no Default exists after giving effect to this Amendment.

5

8.          Payment of Fees and Expenses.  Without limiting the Loan Parties’ obligations under Section 10.04 of the Credit Agreement, the Borrower shall, promptly, and in any event within 5 Business Days of demand therefor, reimburse (i) the Administrative Agent for all fees and expenses of the Administrative Agent (including without limitation, all fees and expenses of US, Mexican and Canadian counsel to the Administrative Agent and financial advisors to the Administrative Agent and all appraisal, inspection and other costs incurred by the Administrative Agent) and (ii) each Lender for all reasonable out-of-pocket travel expenses of, and fees and expenses of counsel to, such Lender, in each case, incurred in connection with the Loan Documents, including without limitation this Amendment.

9.          Release.  In consideration of the Administrative Agent’s and the Lenders’ willingness to enter into this Amendment, each of the undersigned Loan Parties hereby releases and forever discharges the Administrative Agent, the Lenders and each of the Administrative Agent’s and the Lenders’ predecessors, successors, assigns, officers, managers, directors, employees, agents, attorneys, representatives, and affiliates (hereinafter all of the above collectively referred to as the “Lender Group”), from any and all claims, counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any nature whatsoever, in each case to the extent arising in connection with the Loan Documents or any of the negotiations, activities, events or circumstances arising out of or related to the Loan Documents through the date of this Amendment, whether arising at law or in equity, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted, which any of the undersigned Loan Parties may have or claim to have against any entity or other Person within the Lender Group.

10.          Amendment is a “Loan Document”.  This Amendment is a Loan Document and all references to a “Loan Document” in the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment.

11.          Representations and Warranties; No Default.  Each undersigned Loan Party represents and warrants to the Administrative Agent and each Lender that (a) any forecasts of cash flows and other projections delivered to the Administrative Agent or any Lender prior to the date hereof reflect the Borrower’s good faith estimate of the matters described therein, (b) the representations and warranties of each undersigned Loan Party contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, in each case, other than with respect to the Audit Events, and (c) after giving effect to this Amendment, no Default exists, including without limitation any Default under Section 8.01(e) of the Credit Agreement.

12.          No Other Changes.  Except as modified hereby, all of the terms and provisions of the Loan Documents shall remain in full force and effect.

 

6

13.          Counterparts; Delivery.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of this Amendment by facsimile or other electronic imaging means shall be effective as an original.

14.          Amendment, Modification and Waiver.  This Amendment may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

15.          Governing Law.  This Amendment shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of Indiana.

[SIGNATURE PAGES FOLLOW]

7

IN WITNESS WHEREOF, the parties hereto have caused this Sixteenth Amendment to Amended and Restated Credit Agreement to be duly executed as of the date first above written.

 

	
BORROWER:

	
CELADON GROUP, INC.

	 	 	 
	 	
By:

	
/s/ Thomas S. Albrecht

	 	
Name:

	
Thomas S. Albrecht

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	
GUARANTORS:

	
CELADON TRUCKING SERVICES, INC.

	 	 	 
	 	
By:

	
/s/ Thomas S. Albrecht

	 	
Name:

	
Thomas S. Albrecht

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
CELADON LOGISTICS SERVICES, INC.

	 	 	 
	 	
By:

	
/s/ Thomas S. Albrecht

	 	
Name:

	
Thomas S. Albrecht

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
QUALITY EQUIPMENT LEASING, LLC

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	
CELADON E-COMMERCE, INC.

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	OSBORN TRANSPORTATION, INC.  
	 	 	 
	 	By:	/s/ Paul Svindland
	 	Name:	Paul Svindland
	 	Title:	Chief Executive Officer
	 	 	 
	 	 	 
	 	CELADON CANADIAN HOLDINGS, LIMITED
	 	 	 
	 	By:	/s/ Paul Svindland
	 	Name:	Paul Svindland
	 	Title:	Chief Executive Officer

 

 

CELADON GROUP, INC.

SIXTEENTH AMENDMENT

	
GUARANTORS:

	
HYNDMAN TRANSPORT LIMITED

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	BEE LINE, INC.  
	 	 	 
	 	By:	/s/ Chase Welsh
	 	Name: 	Chase Welsh
	 	Title:	Secretary
	 	 	 
	 	 	 
	 	
CELADON DRIVING ACADEMY, LLC

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	
CELADON REALTY, LLC

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	
DISTRIBUTION, INC.

	 	 	 
	 	
By:

	
/s/ Thomas S. Albrecht

	 	
Name:

	
Thomas S. Albrecht

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	
EAGLE LOGISTICS SERVICES INC.

	 	 	 
	 	
By:

	
/s/ Paul Svindland

	 	
Name:

	
Paul Svindland

	 	
Title:

	
Chief Executive Officer

	 	 	 
	 	 	 
	 	QUALITY COMPANIES LLC 
	 	 	 
	 	By:	/s/ Paul Svindland
	 	Name:	Paul Svindland 
	 	Title: 	Chief Executive Officer

 

 

 

CELADON GROUP, INC.

SIXTEENTH AMENDMENT

	GUARANTORS:	
TAYLOR EXPRESS, INC.

	 	 	 
	 	
By:

	
/s/ Chase Welsh

	 	
Name:

	
Chase Welsh

	 	
Title:

	
Secretary

	 	 	 
	 	 	 
	 	
QUALITY INSURANCE LLC

	 	 	 
	 	
By:

	
/s/ Thomas S. Albrecht

	 	
Name:

	
Thomas S. Albrecht

	 	
Title:

	
Chief Financial Officer

	 	 	 
	 	 	 
	 	VORBAS, LLC 
	 	 	 
	 	By:	/s/ Thomas S. Albrecht
	 	Name: 	Thomas S. Albrecht
	 	Title: 	Chief Financial Officer

 

 

CELADON GROUP, INC.

SIXTEENTH AMENDMENT

  

	
ADMINISTRATIVE AGENT:

	
BANK OF AMERICA, N.A., as Administrative Agent

	 	 	 
	 	
By:

	
/s/ Cameron Z. Butler

	 	
Name:

	
Cameron Z. Butler

	 	
Title:

	
Assistant Vice President

	 	 	 
	
LENDERS:

	
BANK OF AMERICA, N.A., as a Lender

	 	 	 
	 	 	 
	 	
By:

	
/s/ Cameron Z. Butler

	 	
Name:

	
Cameron Z. Butler

	 	
Title:

	
Assistant Vice President

	 	 	 
	 	 	 
	 	
WELLS FARGO BANK, N.A., as a Lender

	 	 	 
	 	 	 
	 	
By:

	
/s/ Troy F. Jefferson

	 	
Name:

	
Troy F. Jefferson

	 	
Title:

	
Senior Vice President

	 	 	 
	 	 	 
	 	
CITIZENS BANK, N.A., as a Lender

	 	 	 
	 	 	 
	 	
By:

	
/s/ Christopher Rothwell

	 	
Name:

	
Christopher Rothwell

	 	
Title:

	
EVP

 

  

CELADON GROUP, INC.

SIXTEENTH AMENDMENT

 

Back to Form 8-K

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}]]