Document:

Exhibit 10.4

 

ESCROW AGREEMENT

 

THIS AGREEMENT made effective this 17th
day of December, 2014,

 

AMONG:

 

1824455 ALBERTA LTD, a
company duly incorporated under the laws of Alberta and having an office in Calgary, Alberta (hereafter referred to as “1824455”)

 

- and -

 

CONSOLIDATED GOLDFIELDS CORPORATION,
, a body corporate having an office and carrying on business in the City of Reno in the State of Nevada (hereafter referred
to as “Consolidated Goldfields”)

 

-and-

 

DAVIS LLP, Barristers
and Solicitors, having an office at 1000, 250 - 2nd Street S.W., Calgary, Alberta T2P 0C1 (hereafter referred to as the “Escrow
Agent”)

 

WHEREAS, 1824455 has agreed to deposit
in escrow 23,500,000 Consolidated Goldfields Shares (as defined below) pursuant to an agreement of purchase and sale dated December
17th, 2014 among Consolidated Goldfields and 1824455 (the “Purchase Agreement”) in accordance with
the terms and conditions of this Agreement;

 

AND WHEREAS the Consolidated Goldfields
Shares held in escrow will only be released, if at all, to 1824455 in accordance with the terms of this Agreement;

 

AND WHEREAS the Escrow Agent has
agreed to undertake and perform its duties hereunder according to the terms and conditions hereof;

 

NOW THEREFORE in consideration of
the mutual covenants herein set forth, 1824455 covenants and agrees with Consolidated Goldfields and the Escrow Agent, and Consolidated
Goldfields and the Escrow Agent covenant and agree with each other and with 1824455 as follows:

 

Article
1

DEFINITIONS

 

		1.1	In this Agreement (including this clause and the premises and recitals hereof), unless there is
something in the context inconsistent therewith, all capitalized terms shall have the same meaning as in the Purchase Agreement
and the words importing the singular number shall include the plural and vice versa, words importing the masculine gender shall
include the feminine and neuter genders and the following capitalized terms shall have the meanings ascribed to them, respectively:

 

     

     

    

 

		(a)	“Consolidated Goldfields Shares” means shares of common stock, par value $0.001
per share, of Consolidated Goldfields;

 

		(b)	“Change of Control” means any occurrence of one or more of the following, other
than as a result of the transactions contemplated by the Purchase Agreement:

 

		(i)	the sale of all or substantially all of the assets of Consolidated Goldfields;

 

		(ii)	the acquisition by any person or any persons acting jointly or in concert (within the meaning of
the Securities Act (Alberta)), whether directly or indirectly, of Consolidated Goldfields Shares (or other securities of
Consolidated Goldfields having rights of purchase, conversion or exchange into Consolidated Goldfields Shares) which together with
securities of Consolidated Goldfields held by such person or persons, exceeds 50% of the issued and outstanding Consolidated Goldfields
Shares (assuming the purchase, conversion or exchange of such other securities, whether then purchasable, convertible or exchangeable
or not, into the highest number of Consolidated Goldfields Shares to which such person or persons would be entitled); or

 

		(iii)	the amalgamation, arrangement, merger or other consolidation of Consolidated Goldfields with or
into any one or more other corporations or other business vehicles under which a person or combination of persons or corporations
thereafter hold, whether directly or indirectly, a greater number of Consolidated Goldfields Shares or other securities of the
successor or continuing corporation having rights of purchase, conversion or exchange into Consolidated Goldfields Shares of the
successor or continuing corporation or other business vehicle (assuming the purchase, conversion or exchange of such other securities,
whether then purchasable, convertible or exchangeable or not, into the highest number of Consolidated Goldfields Shares to which
such person or persons would be entitled) than the number of Consolidated Goldfields Shares of the successor or continuing corporation
or other business vehicle held directly and indirectly by former shareholders of Consolidated Goldfields immediately preceding
the consummation of such transaction;

 

		(c)	“Derivative Property” means, with respect to Escrowed Shares, (i) any securities
into which such shares may exchanged; (ii) any securities into which such shares be converted, reclassified, re-designated, subdivided,
consolidated or otherwise changed; (iii) any securities of Consolidated Goldfields or of any other Person received by the holders
of such shares as a result of any merger, amalgamation, arrangement, take-over bid, reorganisation or other similar transaction
involving Consolidated Goldfields; and (iv) any other shares, securities, rights, money or other personal property accruing, offered
or received in connection therewith at any time (whether by way of purchase, dividend, distribution, return of capital, reorganization,
reclassification, redemption, bonus, preference, option rights or otherwise); provided that dividends accrued or paid thereon shall
not form part of such Derivative Property; and further provided that securities received in a Change of Control shall not in any
event be considered Derivative Property;

 

		(d)	“NI 43-101” means National Instrument 43-101 developed by the Canadian Securities
Administrators; and

 

     

     

    

 

		(e)	“PEA” means a preliminary economic assessment report;

 

		(f)	“Product” has the meaning given to that term in the Purchase Agreement;

 

		(g)	"Production Royalty Agreement" means the production royalty agreement, pertaining
to the Property, dated even date hereof between the Parties;

 

		(h)	“Project” has the meaning given to that term in the Purchase Agreement;

 

		(i)	“Property” has the meaning given to that term in the Production Royalty Agreement;

 

		(j)	“Purchase Agreement” has the meaning given to that term in the preamble; and

 

		(k)	“Technical Information” means any books, records, data, reports or other information
of any kind whatsoever, any format whatsoever (including in electronic format) relating to the Property owned by or in the control
of Consolidated Goldfields, including all surveys, plans, specifications, maps, drill core samples, other samples and assays relating
to the Property.

 

Article
2

DEPOSIT

 

		2.1	Consolidated Goldfields and 1824455 hereby agree that Consolidated Goldfields is hereby depositing
in escrow under this Agreement 23,500,000 Consolidated Goldfields Shares (the “Escrowed Shares”) issued to and in the
name of 1824455 pursuant to the Purchase Agreement, which shall only be releasable, if at all, to 1824455 in accordance with the
terms of this Agreement. The Escrow Agent hereby agrees to act as escrow agent and to hold, safeguard and disburse the Escrowed
Shares pursuant to the terms and conditions of this Agreement.

 

		2.2	1824455 hereby undertakes and agrees forthwith to deliver any replacement securities or certificates
issued in respect of the Escrowed Shares that remain in escrow if and when such are issued or allotted to the Escrow Agent for
deposit in escrow.

 

		2.3	The Escrow Agent shall incur no liability with respect to the delivery or non-delivery of any certificate
or certificates whether delivered by hand, mail, or any other means.

 

		2.4	The parties hereto agree that, except as otherwise provided in this Agreement, the Escrowed Shares
and the beneficial ownership of, or any interest in them and the certificate or certificates representing them (including any replacement
securities or certificates) shall not be sold, assigned, hypothecated, alienated, released from escrow, transferred within escrow,
or otherwise dealt with, without the written consent or direction of Consolidated Goldfields first obtained and delivery of the
appropriate documentation of 1824455 being received by the Escrow Agent.

 

		2.5	The parties hereby direct the Escrow Agent to retain the Escrowed Shares and the certificates (including
any replacement securities or certificates) representing the same and not to do or cause anything to be done to release the same
from escrow or to allow any sale, assignment, transfer, or hypothecation or alienation thereof, except as provided in this Agreement
hereof or with the written consent or direction of Consolidated Goldfields.

 

     

     

    

 

Article
3

RELEASE FROM ESCROW

 

		3.1	Subject to Article 3.2, the Escrowed Shares shall be released from escrow hereunder and delivered
to 1824455 upon the satisfaction of the following milestones:

 

		a)	7,050,000 of the Escrowed Shares upon the completion of a NI 43-101 resource report that identifies
a resource deposit which is sufficient to move forward with a Project;

 

		b)	7,050,000 of the Escrowed Shares upon completion of a PEA which demonstrates a financial return
which is sufficient to move forward with a Project; and

 

		c)	9,400,000 of the Escrowed Shares upon the award of all necessary permits that will allow for the
mining of Product.

 

		3.2	Consolidated Goldfields reserves the right to determine whether to proceed with the development
of the Property at any time prior to or upon the completion of each milestone set out in Article 3.1 and in the event: (i) Consolidated
Goldfields decides to proceed with the development of the Property, as soon as practicable following the realisation of each of
the milestones set out in Article 3.1 but in any event not later than 30 days following the realisation of such milestone, Consolidated
Goldfields shall provide written notice of such decision to 1824455 and the Escrow Agent and the applicable Escrowed Shares shall
forthwith be released from escrow hereunder delivered by the Escrow Agent to 1824455; or (ii) Consolidated Goldfields decides not
to proceed with the development of the Property, Consolidated Goldfields shall provide written notice of such decision to 1824455
and the Escrow Agent and the Escrow Agent shall forthwith return to Consolidated Goldfields all Escrowed Shares which are still
in escrow under this Agreement for cancellation and Consolidated Goldfields will re-convey the Property, and all improvements thereon,
and the Technical Information to 1824455 in accordance with Article 3.4.

 

		3.3	Notwithstanding Article 3.1 and Article 3.2, all Escrowed Shares shall be released from escrow
hereunder and delivered to 1824455 upon the earlier of satisfaction of the following conditions:

 

		a)	upon the award of all necessary permits that will enable the mining of Product;

 

		b)	upon the sale, assignment or transfer of the Property, or any part thereof;

 

		c)	upon the Property being pledged as collateral by Consolidated Goldfields as security for indebtedness;

 

		d)	upon a Change of Control of Consolidated Goldfields.

 

Upon the satisfaction of any
of the conditions set out above, 1824455 may, in its sole discretion, provide written notice of the satisfaction of such condition
to the Escrow Agent, with a copy of such notice being provided to Consolidated Goldfields, and the all Escrowed Shares shall forthwith
be released from escrow hereunder and delivered by the Escrow Agent to 1824455.

 

		3.4	Consolidated Goldfields and 1824455 hereby agree that in the event Consolidated Goldfields is obligated
to re-convey the Property to 1824455 pursuant to Article 3.2, Consolidated Goldfields will sell, assign, transfer, convey and set
over to 1824455, and 1824455 shall purchase and accept the assignment, transfer, conveyance and set over, of all of Consolidated
Goldfields’ right, title, estate and interest of Consolidated Goldfields (whether absolute, legal or beneficial) in the Property,
including all improvements thereon, and the Technical Information (collectively, the “Re-Conveyed Property”)
in consideration of $1.00 paid by 1824555 not later than 30 days following this issuance of the notice referred to in Article 3.2
(the “Notice Period”). If at the end of the Notice Period:

 

     

     

    

 

		(a)	the Property is free and clear from all liens, encumbrances, security interests and claims;

 

		(b)	all permits, concessions and agreements in respect of the Property are in good standing;

 

		(c)	all payments, rental, taxes,
                                         rates, assessments, renewal fees and other governmental or third party charges owing
                                         in respect of the Property and the respective Alberta Metallic and Industrials Permits
                                         and Manitoba quarry leases which comprise the Property (and all renewals, successions,
                                         substitutions and extensions of such Alberta Metallic and Industrials Permit and leases
                                         including any and all mining surface leases that cover any portion of the same ground
                                         as is covered by Alberta Metallic and Industrials Permits) have been paid in full and
                                         satisfied for a minimum period of 120 days following the re-conveyance;

 

		(d)	all work requirements or commitments
                                         in respect of the Property (and all renewals, successions, substitutions and extensions
                                         of the respective Alberta Metallic and Industrials Permits and Manitoba quarry leases
                                         which comprise the Property) have been satisfied for a minimum period of one year following
                                         the re-conveyance; and

 

		(e)	the conditions existing on or related to the Property and Consolidated Goldfields’ ownership
and operations of the Property have been in compliance with and ] not in violation of any material laws (including without limitation
any environmental laws), nor caused or permitted any material damage (including environmental damage) to the Property or material
impairment to the health, safety or enjoyment of any person at or on the Properties or in the general vicinity of the Properties;

 

or if 1824455 waives any of the
conditions in (a) through (e) above that were not then satisfied, then Consolidated Goldfields shall re-convey the Re-Conveyed
Property to 1824455 and concurrently with such re-conveyance, 1824455 shall forthwith provide notice to the Escrow Agent directing
the Escrow Agent to, and the Escrow Agent shall then, return, release and deliver to Consolidated Goldfields all of the Escrowed
Shares then still in escrow under this Agreement for cancellation. If these conditions are not satisfied or waived by the end of
the Notice Period, then 1824455 shall not be obligated to repurchase and accept the re-conveyance of the Re-Conveyed Property and1824455
shall forthwith provide notice to the Escrow Agent directing the Escrow Agent to, and the Escrow Agent shall then return, release
and deliver to 1824455 all of the Escrowed Shares then still in escrow under the Escrow Agreement and, notwithstanding the provisions
of Section 15 of the Production Royalty Agreement, the requirements set forth in Section 3 of the Production Royalty Agreement
shall continue uninterrupted and in full force and effect.

 

Notwithstanding the foregoing,
1824455 may, at its discretion, refuse the re-conveyance described in this Section 3.4, in which case 1824455 shall provide written
to Consolidated Goldfields and the Escrow Agent of such refusal and the Escrow Agent shall then return to Consolidated Goldfields
all Escrowed Shares which are then held in escrow under this Agreement for cancellation.

 

     

     

    

 

		3.5	Consolidated Goldfields and 1824455 hereby agree that in the event Consolidated Goldfields is obligated
to re-convey the Property to 1824455 pursuant to Section 16 of the Production Royalty Agreement and the conditions precedent for
such re-conveyance under the Production Royalty Agreement have been satisfied, 182445 shall provide written notice thereof to the
Escrow Agent, and the Escrow Agent shall forthwith return to Consolidated Goldfields all Escrowed Shares which are then held by
the Escrow Agent under this Agreement.

 

		3.6	Consolidated Goldfields and 1824455 hereby agree that in the event Consolidated Goldfields is obligated
to re-convey the Property to 1824455 pursuant to Section 16 of the Production Royalty Agreement and the conditions precedent for
such re-conveyance under the Production Royalty Agreement have not been satisfied or waived, 182445 shall provide written notice
thereof to the Escrow Agent, and the Escrow Agent shall forthwith return, release and deliver to 1824455 all of the Escrowed Shares
then still in escrow under the Escrow Agreement.

 

		3.7	If the Escrowed Shares become Derivative Property pursuant to any transaction or event, then the
cash or other property or securities issued in connection therewith, and any right arising pursuant thereto, and any other Derivative
Property, shall be held by Escrow Agent and dealt with as if they were Escrowed Shares.

 

Article
4

RIGHTS & RESPONSIBILITIES OF THE PARTIES DURING ESCROW

 

		4.1	Consolidated Goldfields and 1824455 agree to perform their responsibilities hereunder in a timely
manner and in good faith.

 

		4.2	Other than on resolutions presented by Consolidated Goldfields to its shareholders in connection
with a proposed Change of Control, voting rights attached to the Escrowed Shares shall only be exercised in accordance with the
proxy described in Section 3.2(d) of the Purchase Agreement.

 

		4.3	If a dividend is declared or paid while the Escrowed Shares continue to be subject to or held under
the terms of this Agreement, such dividend on the Escrowed Shares shall be delivered to the Escrow Agreement, subject to this Agreement
as property held in escrow, and such dividends received shall be held in a separate interest bearing trust account by the Escrow
Agent until such time as the Escrowed Shares are released from escrow to 1824455, at which time the applicable portion of dividend
attributable to the Escrowed Shares being released and interest, if any, shall be paid to 1824455. Any dividends received related
to Escrowed Shares that are subsequently returned to Consolidated Goldfields pursuant to Section 3.2 shall be delivered to Consolidated
Goldfields with such returned Escrowed Shares..

 

Article
5

THE ESCROW AGENT

 

		5.1	The Escrow Agent:

 

		(a)	shall not be responsible or liable in any manner whatever for the sufficiency, correctness, genuineness
or validity of any security deposited with it;

 

		(b)	shall be protected in acting upon any written notice, request, waiver, consent, receipt or other
paper or document furnished to it, not only as to its due execution and the validity and effectiveness of its provisions but also
as to the truth and acceptability of any information therein contained which it in good faith believes to be genuine and what it
purports to be including, without limitation, a certificate of Consolidated Goldfields as to the occurrence of any of the events
regarding release of the Escrowed Shares;

 

     

     

    

 

		(c)	except for its act of negligence or wilful misconduct, the Escrow Agent shall not be liable for
any act done or step taken or omitted by it in good faith, or for any mistake of fact or law and Consolidated Goldfields and 1824455
agree to indemnify and save harmless the Escrow Agent and its partners, employees, agents and successors and assigns from and against
all claims, demands, actions, suits or other proceedings by whomsoever made, prosecuted or brought and from all loss, costs, damages
and expenses in any manner based upon, occasioned by or attributable to any act of the Escrow Agent in the execution of its duties
hereunder;

 

		(d)	shall not be required to defend any legal proceedings which may be instituted against it in respect
of or arising out of anything herein contained unless so requested by a party hereto and indemnified to its reasonable satisfaction
against the cost and expense of such defence;

 

		(e)	shall not be required to expend or risk its own funds or otherwise to incur financial liability
in the performance of any of its duties or in the exercise of any of its rights or powers unless indemnified;

 

		(f)	may employ such experts, advisers, agents or agencies as it may reasonably require for the purpose
of discharging its duties hereunder and shall not be responsible for the negligent actions or misconduct of such parties or any
of them;

 

		(g)	shall retain the right not to act and shall not be held liable for refusing to act unless it has
received clear documentation which complied with the terms of this Agreement, which documentation must not require the exercise
of any discretion or independent judgement;

 

		(h)	shall have no duties or obligations except those which are expressly set forth herein, and it shall
not be bound by any notice of a claim or demand with respect to, or any waiver, modification, amendment, termination or rescission
of this Agreement, unless received by it in writing, and signed by the relevant parties hereto, and, if its duties herein are affected,
unless it shall have given its prior written consent thereto;

 

		(i)	may consult with and obtain advice from legal counsel in the event of any questions as to any of
the provisions hereof of its duties hereunder, and it shall incur no liability and shall be fully protected in action in good faith
in accordance with the opinion and instructions of such counsel. The cost of such services shall be reimbursed to the Escrow Agent
by Consolidated Goldfields; and

 

		(j)	the present provisions of this Agreement are not intended to and shall not restrict or remove any
other rights which the Escrow Agent may have at law or in equity to seek relief or direction from the court or a duly appointed
arbitrator, in addition to such as are expressly set forth herein.

 

		5.2	The Escrow Agent shall be under no duty or obligation to ascertain the identity, authority, or
rights of the parties (or their agents) executing or delivering or purporting to execute or deliver under this Agreement, or any
instruments, documents or paper related hereto or properties deposited or called for hereunder.

 

     

     

    

 

Article
6

REPLACEMENT OF THE ESCROW AGENT

 

		6.1	The Escrow Agent, for the time being, may resign and be discharged from all further duties and
obligations hereunder by giving to Consolidated Goldfields thirty (30) days' notice in writing or such shorter notice as Consolidated
Goldfields may accept as sufficient. In the event of the Escrow Agent resigning, Consolidated Goldfields shall forthwith appoint
a new Escrow Agent and advise the parties hereto and the resigning Escrow Agent in writing of such appointment upon which the retiring
Escrow Agent shall transfer all funds, agreements and other documents then in its possession to the new Escrow Agent provided that
the retiring Escrow Agent shall have received payment in full of all fees and expenses owing to it hereunder. Any new Escrow Agent
appointed pursuant to the provisions of this Agreement shall be a firm of barristers and solicitors authorized to practice law
in the Province of Alberta or a corporation authorized to carry on the business of a trust company in the Province of Alberta.
On any new appointment, the new Escrow Agent shall be vested with the same powers, rights, duties and obligations as if it had
been originally named herein as Escrow Agent, without any further assurance, conveyance, act or deed.

 

Article
7

FEES AND EXPENSES OF THE ESCROW AGENT

 

		7.1	Consolidated Goldfields shall pay the reasonable fees and expenses of the Escrow Agent incurred
in the performance of the Escrow Agent's obligations hereunder, including without limitation, the fees and expenses of counsel
retained pursuant to Article 5.1.

 

Article
8

RETENTION OF BENEFITS BY ESCROW AGENT

 

		8.1	In the event that the Escrow Agent shall hold any distributable amount which is unclaimed or which
cannot be paid for any reason, the Escrow Agent shall be under no obligation to invest or reinvest the same but shall only be obligated
to hold the same on behalf of the person or persons entitled thereto in a current or other non-interest bearing account pending
payment to the person or persons entitled thereto. The Escrow Agent shall, as and when required by law, and may at any time prior
to such required time, pay all or part of such distributable amount so held to the Public Trustee (or other appropriate government
official or agency) whose receipt shall be a good discharge and release of the Escrow Agent.

 

Article
9

GOVERNING LAW

 

		9.1	This Agreement shall, in all respects, be subject to and be interpreted, construed and enforced
in accordance with the laws in effect in the Province of Alberta. Each party hereto accepts and attorns to the Courts of the Province
of Alberta and all courts of appeal therefrom.

 

Article
10

DISPUTE RESOLUTION

 

		10.1	In the event that any dispute arises pursuant to this Agreement, Consolidated Goldfields and 1824455
will give each other adequate notice thereof within 30 days of such dispute arising and work expeditiously and in good faith in
an attempt to resolve and finally determine such disputed items as promptly as practicable.

 

     

     

    

 

		10.2	If Consolidated Goldfields and 1824455 are unable to resolve their dispute within thirty (30) days
after the first notification of the dispute, the parties may submit the dispute to the Courts of the Province of Alberta for resolution
in accordance with Article 9.

 

Article
11

GENERAL

 

		11.1	Consolidated Goldfields and 1824455 covenant to execute and deliver such agreements and other documents
and will do or cause to be done all such acts as are or may be necessary or desirable to give effect to the provisions hereof and
to carry out the intent of this Agreement and to comply with any policies, rulings or other requirements imposed by any applicable
regulatory authority.

 

		11.2	Time shall be of the essence of this Agreement.

 

		11.3	No provisions of this Agreement shall be deemed to be waived unless such waiver is in writing.
Any waiver of any default committed by any of the Parties hereto in the observance of the performance of any part of this Agreement
shall not extend to or be taken in any manner to affect any other default.

 

		11.4	This Agreement shall enure to the benefit of and be binding upon the Parties hereto and their respective
heirs, successors, administrators and assigns.

 

		11.5	This Agreement may be amended by an instrument in writing executed by both Consolidated Goldfields
and 1824455. Such amendment will take effect on the date such written notice is executed and effective.

 

		11.6	Any provision of this Agreement which is or becomes prohibited and unenforceable does not invalidate,
affect or impair the remaining provisions which shall be deemed to be severable from such prohibited or unenforceable provision.

 

Article
12

COUNTERPARTS

 

		12.1	This Agreement may be executed in several counterparts and evidenced by a facsimile copy of an
original execution page bearing the signature of each party hereto, each of which when so executed shall be deemed to be an original,
and such counterparts or facsimile copies thereof together shall comprise one and the same instrument and, notwithstanding their
date of execute, shall be deemed to bear the date as of the date above written.

 

Signature page follows.

     

     

    

 

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

 

	 	1824455 ALBERTA LTD.
	 	 
	 	Per:	/s/ B. Dynes
	 	 	
        William (Bill) Dynes

        Chief Executive Officer

	 	 	 
	 	CONSOLIDATED GOLDFIELDS CORPORATION
	 	 
	 	Per:	/s/ Marc J. Andrews
	 	 	
        Marc J. Andrews

        Chief Executive Officer

	 	 	 
	 	DAVIS LLP
	 	 
	 	Per:	/s/ D. KenneyExhibit 10.5

 

 

KING SOLOMON PROPERTY

EXPLORATION AND MINING LEASE WITH OPTION
TO PURCHASE AGREEMENT

 

This Exploration and Mining Lease with
Option to Purchase Agreement (the “Agreement”) is made and entered into effective as of 4 day of November
4, 2014 (the “Effective Date”) by and between Mountain Gold Claims, LLC Series 9, a Nevada series limited
liability company (the “Owner”), and Consolidated Goldfields Corporation, a Montana corporation
(the “Lessee”). Owner and Lessee are sometimes collectively referred to herein as (the “Parties”)
and individually as a (the “Party”).

 

RECITALS

 

A.           Owner
owns or controls certain mining claims identified on Exhibit A attached hereto located in the Danville Mining District, Nye County,
Nevada. The mining claims together with a defined Area of Interest (as defined below) are described in Exhibit A attached hereto
and collectively shall be referred to as the “Property”.

 

B.           Owner
desires to lease the Property to Lessee and to grant to Lessee the Option to Purchase (as defined below) one hundred percent (100%)
of the Property that includes the Mineral Rights, Royalty and Royalty Rights to the Property on the terms and conditions of this
Agreement.

 

C.           Lessee
desires to lease (the “Lease”) the Property from Owner subject to the terms of this Agreement.

 

D.           The
Parties wish to formalize the Exploration and Mining Lease with Option to Purchase Agreement by entering into this Agreement.

 

AGREEMENT

 

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

 

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

 

1.1           “Acquired
Rights and Interests” means any and all rights, titles and interests in the Property.  

 

1.2           “Area
of Interest” or “AOI” means the geographic area and legal description exterior to the boundary of
the Claims as they exists on the Effective Date and as described in Exhibit A.  

 

1.3           “Closing”
means the delivery and exchange of documents and payments described in the Closing of the Option to Purchase in Section 5 and Exhibit
C.

 

1.4           “Closing
Date” means the date on which Lessee completes the Option to Purchase.

 

1.5           “Claims”
means all rights, titles and interests of unpatented mining claims located and recorded with the Bureau of Land Management and
with Nye County, Nevada as described in Exhibit A.

 

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

 

1.7           “Effective
Date” means November 4, 2014, regardless of the signatures execution dates.

 

1.8           “Environmental
Laws and Regulations” means any applicable Federal, State, County or local environmental laws (including common law),
statutes, rules, regulations, ordinances, permits, licenses, requirements, agreements or approvals, or any applicable determination,
judgment, injunction, directive, prohibition or order of any governmental or environmental authority with jurisdiction at any level
of Federal, State, County or local government, agencies of entities relating to preservation, protection, pollution and prevention
of degradation of the environment, ecology, natural resources, public health or safety.

 

    	 	1	 

     

    

  

1.9           “Governmental
Laws and Regulations” means all directives, laws, orders, ordinances, regulations and statutes of any Federal, State,
County or local agency, securities commission, court, office or of the like.

 

1.10         “Hazardous
Materials” means any material, waste, chemical, mixture or byproduct which is or is subsequently defined, listed, or
designated under applicable Environmental Laws and Regulations as a pollutant or as a contaminant, or as toxic or hazardous.

 

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

 

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

 

1.13         “Lessee”
means Consolidated Goldfields Corporation, a Montana corporation, and its heirs, successors and assigns.

 

1.14         “Lessee
Affiliates” means the Lessee’s shareholders, directors, officers, employees, members, managers, agents, representatives,
contractors, subcontractors, heirs, successors and assigns.

 

1.15         “Metals”
means that comprise of gold, silver, platinum, copper, lead and zinc.

 

1.16         “Minerals”
means all metals, minerals, elements, and mineral and stone materials other than the Metals, including but not limited to antimony,
chromite, cobalt, manganese, mercury, nickel, molybdenum, titanium, tungsten, and barite.

 

1.17         “Mineral
Rights” means the right, title and interest in the patented and unpatented mining claims comprising of the Property.

 

1.18         “Net
Smelter Return Royalty” or “NSR” means the net smelter returns from the production of gold and/or
silver from the Property as calculated and determined in accordance with Section 4.2 and 4.4, and Exhibit B of this Agreement and
the Purchase Royalty Quitclaim Deed.

 

1.19         “Option
to Purchase Deed” means the conveyance, included as Exhibit C, which Owner is obligated to execute and deliver to Lessee
on Lessee’s exercise and Closing of the Option to Purchase (as defined below) in accordance with Section 5 and Exhibit C.

 

1.20         “Option
to Purchase” shall have the meaning given to such term in Section 5.

 

1.21         “Option
to Purchase Price” means the purchase price for the Property described in Section 5.

 

1.22         “Owner”
means collectively Mountain Gold Claims LLC, Series 9, a Nevada series limited liability company, and its heirs, successors
and assigns.

 

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

 

1.24         “Payments”
means the Advanced Royalty Payments, NSR and Gross Proceeds Production Royalty Payments, and/or Common Share Issuance Payments
payable by Lessee in US Dollars and/or Common Shares and in the methods described in this Agreement.

 

1.25         “Property”
means 38 unpatented lode mining claims and any additional unpatented mining claims located and/or recorded within the AOI by Owner
or Lessee, (the “Claims”); and an Area of Interest (the “AOI” described in legal subdivision),
both which are situated in Nye County, Nevada and more particularly described in Exhibit A attached hereto. If Lessee, its successors
or assigns amends, relocates or patents any of the unpatented mining claims described in Exhibit A, or if Lessee converts any of
such claims into leases or other types of property rights or interests pursuant to any amendment of the United States Mining Law
of 1872, such claims, rights and interests shall be deemed to be included within the Property and subject to this Agreement.

 

    	 	2	 

     

    

  

1.26         “Royalty”
means the NSR Royalty payable in cash or in-kind by Lessee to Owner in accordance with Section 4.1, 4.2, 4.3, 4.4 and Exhibit B.

 

1.27         “Royalty
Rights” means the right, title and interest of the Royalty with regards to the Property, as described In Section 4.1,
4.2, 4.3, 4.4 and Exhibit B.

1.28         “Term”
means the time period while this Agreement is in effect.

 

2.          Lease,
Grant of Rights and Compliance of Regulations and Laws. Owner leases the Property to Lessee and grants Lessee the right and
privileges to use the Property pursuant to the terms of this Agreement to conducting exploration and mining of Metals and Minerals,
all subject to applicable Governmental Laws and Regulations. If Lessee exercises and closes on the Option to Purchase the Property,
Owner shall assign and convey to Lessee all licenses, permits and other governmental or other third party approvals and water rights
appurtenant to the Property.

 

2.1           Water
Rights. Lessee shall have the right to appropriate and use water subject to Section 2.0 Reg. and Law. If Lessee files for and/or
acquires any application or permit for water use, it shall cause each such application and permit to be taken jointly in the names
of Owner and Lessee and deliver notice thereof to Owner within 30 days of Lessee’s receipt of notice of the issuance of such
permit. On termination of this Agreement other than by Lessee’s exercise and Closing of the Option to Purchase the Property,
Lessee shall assign and convey to Owner all applications and/or permits for water rights appurtenant to the Property prior to termination
of this Agreement or Owner shall have any and all legal recourse to recoup its losses and damages resulting from Lessee’s
failure to make such assignment and conveyance, if any, at Lessee’s sole expense, including but not limited to reasonable
attorney and legal fees. 

 

2.2          Cross Mining.
Lessee may use the Property for any shafts, openings, pits, and stockpile-grounds sunk or made for the mining, removal, and/or
stockpiling of any Metals or Minerals from any adjoining or nearby property.

 

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

 

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

years commencing on the Effective Date
and until terminated in accordance with Section 16 below or the Closing.

 

4.          Consideration
for the Granting of the Lease. Lessee shall make the following Payments to Owner at: PO Box 21146, Reno NV 89515 or 760 Brenda
Way, Washoe Valley, NV 89704.

 

4.1           Advanced
Royalty Payments. Until the termination of this Agreement or the exercise of the Option to Purchase the Property, Lessee agrees
to make the following cash payments (each an “Advanced Royalty Payment”) to Owner as follows:

 

    	 	3	 

     

    

  

	Date	 	Cash Payment
	 	 	 
	On Execution of this Agreement (“Effective Date”)	 	$2,500 and reimbursement of the 2014 -15 BLM Annual  Maintenance Fee of $5,890.00 and Nye Co. Notice to Intent to Hold Fee of $403.00
	 	 	 
	On or prior to the 1st Anniversary of the Effective Date	 	$5,000
	On or prior to the 2nd Anniversary of the Effective Date	 	$10,000
	On or prior to the 3th Anniversary of the Effective Date	 	$20,000
	On or prior to the 4th Anniversary of the Effective Date	 	$30,000
	On or prior to the 5th Anniversary of the Effective Date	 	$40,000
	On or prior to the 6th Anniversary thru the 10th anniversary 	 	 $50,000
	On or prior to the 11th Anniversary thru the 15th anniversary  	 	 $75,000
	On or prior to the 16th Anniversary and thereafter	 	$100,000

 

The Advanced Royalty
Payments are nonrefundable. The Advanced Royalty Payments shall be credited against the Royalty, but not against the Mineral Rights
or the Option to Purchase Price.

 

4.2           Production
Royalty Payment.  Lessee shall pay to Owner a production royalty equal to two (2%) percent of the Net Smelter Returns
from the production or sale of Metals from the Property and any and all open ground that is claimed within the Property while this
Agreement is in effect. Lessee agrees to pay to Owner a production royalty equal to one (1%) percent of the Net Smelter Returns
from the production or sale of Metals by Lessee from all third party properties within the Property. Lessee shall calculate and
pay the Royalties in accordance with Exhibit B attached to the Deed. If Lessee mines other Minerals from the Property, Lessee shall
pay a Gross Tonnage Royalty of five dollars ($5.00) per ton on all other Minerals. Royalty payments shall be made within ten business
days following the end of each calendar month in which Metals or Minerals are sold or shipped from the Property.

 

4.3           Method
of Payment. All Advanced Royalty Payments or Royalty Payments by Lessee to Owner shall be paid in the amount of 100% by check,
wire and/or In-Kind at Owner’s sole discretion and election, and delivered to Owner at its address for notice purposes or
by wire transfer to an account designated by Owner as defined in Exhibit B. All payments shall be accompanied by a statement explaining
the manner in which the payment was calculated. All cash payments and sums shall be in United States currency.

 

4.4           Late
Charge and Interest. If any Advance Royalty Payments or Royalties payable by Lessee under this Agreement are not received by
Owner within ten (10) days after such amount is due, then Lessee shall pay to Owner a late fee equal to ten percent (10%) of such
overdue amount. The parties agree that such late fee represents a fair and reasonable estimate of the costs Owner will incur by
reason of any late payment by Lessee. Prior to the payment of such delinquent, late or overdue Advance Royalty Payment or Royalty,
Owner’s acceptance of such late charge shall not constitute a waiver of Lessee’s default with respect to such overdue
amount, nor prevent Owner from exercising any of Owner’s other rights and remedies granted under this Agreement. If any Advanced
Royalty Payments or Royalty payments payable by Lessee remain delinquent for a period in excess of thirty (30) days, Lessee shall
pay to Owner, in addition to the late payment, interest on such delinquent amounts at the rate of 18% per annum on the amount due
from the date the amounts became delinquent, late or overdue and during the period such amounts remain unpaid. Prior to the payment
of such delinquent, late or overdue Advance Royalty Payment or Royalty, Lessee’s payment of such interest shall not excuse
or cure any default by Lessee. If any late payments payable by Lessee under this Section 4.4 remain delinquent for a period in
excess of thirty (30) days, then this Agreement shall be immediately terminated, null and void and Lessee shall have no rights,
titles or interests to this Agreement or the Property.

 

4.5           Reimbursement
of Annual Fee.         Owner shall pay, Lessee agrees to reimburse Owner
for, all future BLM Annual Maintenance Fees and Notice of Intent to Hold Claim Fees with Nye County, Nevada within June 1 of each
calendar year or this Agreement shall be terminated, null and void.

 

4.6          Work Commitment.
Lessee is obligated to expend the amounts (the “Work Commitment Expenditures”) listed below on Exploration
and Development Operations (as defined below) by the end of each Lease year as set forth below. Advanced Royalty Payments, stock
issuances, Federal and County Annual Mining Claim Maintenance and Holding Fees and assigned interests are not expenditures that
may be applied towards the Work Commitment Expenditures.

 

	Lease Year	Amount
	1st Lease Year	$5,000.00
	2nd Lease Year	$10,000.00
	3rd Lease Year and each Lease Year thereafter  	$50,000.00

 

    	 	4	 

     

    

 

 

All Work Commitment Expenditures made by
Lessee during any Lease Year in excess of the Work Commitment Expenditures required for such Lease Year shall be credited and applied
against Work Commitment Expenditures for any subsequent Lease Year or Years, which shall be reduced in the amount of the excess
of such Work Commitment Expenditures made by Lessee over the required Work Commitment Expenditures required for such Lease Year.
In the event Lessee is unable to fulfill the required Work Commitment Expenditure within the above required work time frames, then
the difference between the actual expenditures made and the required Work Commitment Expenditure may be paid to Owner in US dollars
as the fulfillment of Lessee’s obligation under this Section within 30 days of the delinquent date or this Agreement shall
be immediately terminated, null and void and Lessee shall have no rights, titles or interests to this Agreement or the Property.

 

The term “Exploration and Development
Operations,” as performed by any person or entity, includes, but is not limited to, the following activities, which
activities may require BLM review and applicable permits:

 

		(a)	entering upon the Property;

 

		(b)	removing rock, minerals, soil, and vegetation samples (including bulk samples) from the Property
for analysis;

 

		(c)	conducting any and all types of surface and subsurface exploration work for Metals and Minerals,
including but not limited to trenching, drilling, driving shafts and adits, and sampling;

 

		(d)	bringing upon the Property, and erecting thereon any and all equipment and improvements necessary
to conduct Exploration and Development Operations; and

 

		(e)	conducting any and all other activities necessary or incidental to the foregoing or necessary to
enable a person or entity to conduct its operations hereunder, in order (1) to identify specific target areas, (2) to explore identified
target areas to identify mineral prospects which might contain a mineable deposit, and (3) to examine identified mineral prospects
to identify and measure the potential ore deposit contained therein. Exploration and Development Operations may include all activities
undertaken through the completion of a feasibility study, but shall not include construction of milling or processing facilities
or commencement of commercial mining operations on the Property or the Area of Interest.

 

5.          Option
to Purchase the Property. Owner grants to Lessee the option to purchase the Property (the “Option to Purchase”)
that includes all the Mineral Rights, Advanced Royalty Payments, Royalty and Royalty Rights to the Property, subject to the conditions
set forth in this Section 5. The Option to Purchase Price and terms are defined as follows and further described in Exhibit C:

 

	On or Prior to the 5th Anniversary of the Effective Date:	 Cash Payment of Five Million Dollars ($5,000,000.00)
	After the 5th Anniversary of the Effective Date:	 Cash Payment of Ten Million Dollars ($10,000,000.00) 

 

5.1           Notice
of Election and Closing Date. If Lessee elects to exercise the Option to Purchase, Lessee shall deliver written notice of such
election to Owner. Following Owner’s receipt of Lessee’s notice to exercise the Option to Purchase, the parties shall
close the exercise of the Option to Purchase and the Transfer (as defined below) of the rights, title and interest to the Property
and other related assets and rights related thereto, within sixty (60) days thereafter.

 

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

 

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

 

5.4           Conveyance
on Closing. At the Closing, (a) Owner shall execute and deliver to Lessee the Option to Purchase Deed and such other agreements,
certificates, documents and other instruments reasonably requested by Lessee to effectuate the transactions contemplated thereby,
(b) Lessee shall pay the Option to Purchase Price to Owner, and (c) the Parties shall execute an Option to Purchase Quitclaim Deed.
The Parties shall execute and deliver such other written assurances and instruments as are reasonably necessary to consummate the
exercise of the Option to Purchase and the other transactions contemplated thereby.

 

    	 	5	 

     

    

  

5.5           Effect of
Closing. Upon the Closing Lessee shall own all the right, title and interest in and to the Property, Mineral Rights, Royalty
and Royalty Rights and rights to the Advance Royalty Payments.

 

6.          Compliance
with Governmental Applicable Laws and Regulations.  During the Term, Lessee agrees it shall at Lessee’s sole cost and
responsibility: (1) comply in all material respects with all applicable Governmental Laws and Regulations including, but not limited
to Lessee’s Exploration and Development Operations on the Property, condition, use, occupancy, reclamation or any and all
uses of the property; (2) apply for all necessary permits, licenses and governmental approvals related to its operations on the
Property; and (3) prepare and file all reports or notices Lessee determines to be required in connection with Lessee’s Exploration
and Development Operations on the Property. Lessee shall promptly notify Owner of Lessee’s receipt of any notices of material
noncompliance or material violations of applicable Governmental Laws or Regulations related to Lessee’s operations on the
Property. Lessee shall not be in breach of this provision if a material violation has occurred in spite of the Lessee’s good
faith efforts to comply, and Lessee has timely cured or disposed of, or taken measures or steps in furtherance of such cure or
disposition, of such material violation through performance, payment of fines and penalties or otherwise. For greater certainty,
in respect of Section 8, 8.1, 8.2, and 8.3 during the Term, Lessee shall be responsible for title, property, permitting issues
and reclamation. Lessee shall defend, indemnify and hold harmless Owner from any and all actions, assessment, mining claims, costs,
fines, liability and penalties arising from or related to Lessee’s failure to comply with any applicable Governmental Laws
or Regulations with respect to the Property. Lessee shall perform or cause to be performed during the Term all work necessary to
comply with agreements, concessions or other instruments constituting and governing the Property and associated mining claims in
full force and effect as of the date of this Agreement and provided to Lessee by Owner and shall take commercially reasonable measures
necessary and under Lessee’s control to maintain same in full force and effect. Without the prior written consent of Lessee,
Owner shall not enter into any further agreement, concession or instrument with any third party person or entity related to or
concerning the Property or otherwise cause or create, or incur any obligation that could cause or create, a Lien on all or any
portion of the Property. Lessee agrees to construct, reconstruct or repair fences or barriers around all mine openings existing
on the property within sixty (60) days of the Effective Date or this Agreement shall be terminated, null and void.

 

7.          
Lessee’s Work Practices and Reporting.

 

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

 

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

 

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

 

8.          Location
of Additional Unpatented Mining Claims. During the Term, all unpatented mining claims acquired by the Parties within the Property
shall be recorded in Owner’s name and address and subject to this Agreement. The locating party shall promptly notify the
other party of any staking of additional mining claims.

 

    	 	6	 

     

    

  

8.1           Owner
Acquired Rights and Interests. During the Term, if Owner acquires, directly or indirectly, any right to or interest in any
mining claims, license, lease, grant, concession, permit, patent claims, property, surface rights or water rights located wholly
or partly within the Property (collectively, the “Acquired Rights and Interests”), Owner shall give notice to
Lessee of the Acquired Rights and Interests and the details and costs related to the Acquired Rights and Interests. Lessee may,
within 30 days of receipt of this notice, elect to include the Acquired Rights and Interests under this Agreement by reimbursing
the Owner for any and all acquisition costs, including, but not limited to staking costs, recording costs, lodging, travel expenses,
fuel-gas, meals, food and supplies. If Lessee elects not to include the Acquired Rights and Interests or fails to provide the notice
of election to Owner within thirty (30) days of Owner’s notice under this Section, Owner shall retain all rights, titles
and interests to the Acquired Rights and Interests and the Parties shall amend the Property description on Exhibit A and the acquired
Rights and Interests shall not be a part of or subject to this Agreement. Except as otherwise expressly provided in this Agreement
or in another agreement between Lessee and Owner, Lessee agrees not to acquire any rights or interest in the Owner’s Acquired
Rights or Interests for 2 years of the Acquired Rights and Interests notice, and, if Lessee acquires any Rights or Interests in
the Owners’ Acquired Rights or Interests within the 2 year restricted time period, Owner shall have any and all legal recourse
to recoup its losses and damages at Lessee’s sole expense, including but not limited to reasonable attorney and legal fees.

 

8.2           Lessee
Acquired Rights and Interests. During the Term, if Lessee or any Lessee Affiliate acquires “Acquired Rights and Interests”
within the Property, then those Acquired Rights and Interests shall be subject to this Agreement. Upon termination of this Agreement,
Lessee, at Lessee’s sole cost shall transfer, quitclaim and assign to the Owner all Acquired Rights and Interests acquired
by Lessee during the Term.

 

8.3           Lessee
Release of Claims. Except as otherwise provided in this Agreement, Lessee shall not have the right to transfer, relinquish,
release, abandon, quitclaim or drop (the “Release”) any mining claims on or Acquired Rights and Interests in
the Property and for which Lessee has the power and authority to Release such mining claims without Owner’s prior written
approval. If Lessee Releases any mining claims on or Acquired Rights and Interests in the Property without Owner’s prior
written approval, such mining claims and Acquired Rights and Interest shall no longer be a part of this Agreement and Lessee shall
not retain any rights, titles or interests in the mining claims on or Acquired Rights and Interests in the Property. If Lessee
acquires any mining claims or rights and interests in the released mining claims or Acquired Rights or Interests within the 2 year
restricted time period from the time of the applicable Release, Lessee shall be subjected to legal action.

 

9.          Liens
and Notices of Non-Responsibility. Lessee agrees to keep the Property at all times free and clear of all liens, charges and
encumbrances (“Liens”) of any and every nature and description done made or caused by Lessee other than (collectively,
the “Permitted Liens”) Liens existing on the date of this Agreement (the “Owner Liens”),
which shall be the sole obligation and responsibility of Owner; Liens to secure the performance of statutory obligations, surety
or appeal bonds, performance bonds or other obligations of a like nature incurred in the ordinary course of business; Liens for
taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate
proceedings; Liens imposed by law or regulation, such as carriers’, warehousemen’s, material-men’s, repairmen’s
and mechanics’ and similar Liens; Liens related to minor survey exceptions, minor encumbrances, ground leases, easements
or reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph and
telephone and cable television lines, gas and oil pipelines and other similar purposes, or zoning, building codes or other restrictions
(including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties
or Liens incidental to the conduct of the business or operations of Lessee or to the ownership or operations of the Property which
do not in the aggregate materially adversely affect the value of such properties or materially impair their use in the operation
of the business or operation of Lessee on the Property ; and Liens on equipment of Lessee granted in the ordinary course of business;
and purported Liens evidenced by filings of precautionary UCC financing statements relating solely to operating leases of personal
property; and to pay, and defend, indemnify and hold harmless Owner from and against, all Liens other than Owner Liens; except
that Lessee need not discharge or release any Permitted Lien or any Lien which Lessee disputes or contests and posts a bond sufficient
to discharge such Lien acceptable to Owner (collectively, the “Non-permitted Liens”). Subject to Lessee’s
right to post a bond in accordance with the foregoing, if Lessee does not within thirty (30) days following the imposition of any
such Non-permitted Lien, cause the same to be released of record, Owner shall have, in addition to Owner’s contractual and
legal remedies, the right, but not the obligation, to cause the Lien to be released by such manner as Owner deems proper, including
payment of the claim giving rise to such Lien. All sums paid by Owner for and all expenses incurred by it in connection with such
purpose, including court costs and reasonable attorney’s fees, shall be payable by Lessee to Owner on demand and shall bear
interest at the Interest Rate from the date of payment by Owner until the date of payment to Owner by Lessee. Owner shall, at Owner’s
sole cost, file a Notice of Non-Responsibility in Owner name with the local County within 30 days of execution of this Agreement
and herein attached as Exhibit C and by this reference incorporated in this Agreement. On the Effective Date, Lessee agrees to
execute on Owner’s behalf a Notice of Non-Responsibility substantially in the form attached hereto as Exhibit E.

 

    	 	7	 

     

    

  

10.         Taxes.
Notwithstanding anything else in this Agreement to the contrary:

 

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

 

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

 

10.3         Income
Taxes. Neither Party shall be liable to the other Party for any taxes levied on or measured by income or net proceeds of such
Party, or other taxes applicable to the other Party, based upon payments under this Agreement.

 

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

 

11.         Insurance
and Indemnity.

 

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

 

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

 

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

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

 

11.4         Waiver.
Except to the extent caused by the negligent or intentional acts or omissions of Owner, Owner shall not be liable to Lessee and
Lessee waives all claims against Owner for any injury to or death of any person or damage to or destruction of any personal property
or equipment or theft of property occurring on or about the Property or arising from or relating to Lessee’s business conducted
on the Property after the date of this Agreement.

  

    	 	8	 

     

    

 

12.          Environmental.

 

12.1         Environmental.
 Lessee agrees to be solely and responsible at Lessee’s sole expense to comply with all applicable Environmental Laws
and Regulations, including MSHA and OSHA laws and regulations. Lessee shall limit any use, generation, storage, treatment, transportation
and handling of Hazardous Materials on the Property to Lessee’s Exploration and Development Operations on the Property (collectively,
as performed by any person or entity, the “Hazardous Materials Activities”) as necessary for Lessee’s
operations on the Property and for Lessee to perform its agreements and obligations under this Agreement. Lessee shall not cause
or permit any Hazardous Materials to be disposed or abandoned at or on the Property, except in accordance with applicable Environmental
Laws and Regulations. Lessee shall promptly notify all applicable governmental regulatory agency and authority entities with jurisdiction
over the Property and Lessee’s Hazardous Materials Activities thereon of any spills, releases or leaks of Hazardous Materials
or any actual or claimed violation of applicable Environmental Laws and Regulations in connection with Lessee’s use of Hazardous
Materials if required by applicable Environmental Laws and Regulations. Lessee shall promptly and thoroughly cure any violation
of applicable Environmental Laws and Regulations in connection with Lessee’s use of Hazardous Materials on the Property.
Lessee shall be solely responsible at its expense for promptly, diligently and thoroughly investigating, monitoring, reporting
on, responding to and cleaning up to completion any and all releases of Hazardous Materials by Lessee on the Property following
the date of this Agreement, all in compliance in all material respects to applicable Environmental Laws and Regulations. Lessee’s
indemnification obligations under Section 12.3 shall apply to Lessee’s obligations under this Section. Lessee at its sole
expense shall keep Owner timely informed of Lessee’s progress in responding to any written notice of violations, spills,
releases, leaks or contamination of Hazard Materials on the Property received by Lessee. Lessee shall provide to Owner copies of
all Lessee’s correspondence with all Federal, State, County or local government agencies or authorities regarding the same
and shall provide at Owner requests and at Lessee’s sole expense copies of all work plans, reports and communications with
governmental regulatory agencies, authorities and entities concerning Lessee’s response to any actual or claimed violation
of Environmental Laws and Regulations on the Property which occurred after the date of this Agreement and any releases or spills
of Hazardous Materials on the Property which occurred after the date of this Agreement. The
provisions of this Section shall survive expiration or termination of this Agreement.

 

12.2         Removal
of Stored Hazardous Materials. Before the expiration or termination of this Agreement, and notwithstanding any other provision
of this Agreement, and in compliance in all material respects to applicable Environmental Laws and Regulations, Lessee shall: (a)
cause to be properly removed from the Property all Hazardous Materials placed by Lessee and stored by Lessee at the Property in
connection with the Lessee’s Exploration and Development Operations on the Property or in connection with Lessee’s
Hazardous Materials Activities on the Property; and (b) cause to be properly dismantled, closed and removed from the Property all
but not limited to materials, supplies, devices, drums, contaminates or equipment or of the like and kind used for handling, storing
or treating Hazardous Materials placed by Lessee on the Property. As part of the closure and removal activities described in the
preceding sentence, Lessee at its sole costs, shall perform environmental sampling of areas of the Property where such handling,
storing or treating of Hazardous Materials by Lessee occurred after the date of this Agreement, to confirm that no contamination
of the environment requiring remediation under applicable Environmental Laws and Regulations has resulted from any Hazardous Materials
Activities by Lessee after the date of this Agreement. A qualified environmental consultant shall perform such sampling, and such
consultant shall promptly issue a written report, which describes the consultant’s data, findings, and conclusions, a copy
of which shall be provided to Owner at Lessee’s expense. If any contamination of the Property by Lessee after the date of
this Agreement requiring remediation under applicable Environmental Laws and Regulations is discovered, Lessee shall immediately
perform all actions and provisions in compliance in all material respects with applicable Environmental Laws and Regulations. The
provisions of this Section shall survive expiration and termination of this Agreement.

 

12.3         Environmental
Indemnity of Lessee. Lessee shall promptly reimburse, defend, indemnify (with legal counsel acceptable to Owner) and hold harmless
Owner and its Affiliates from any and all claims, liabilities, obligations, losses, causes of action, demands, governmental proceedings
or directives, fines, penalties, expenses, costs (including but not limited to reasonable attorney’s fees, consultant’s
fees and other expert’s fees and costs), and damages, which arise from or relate to: (a) Hazardous Materials Activities performed
by Lessee on the Property after the date of this Agreement; (b) Lessee’s Exploration and Development Operations on the Property
after the date of this Agreement; (c) any material non-compliance with applicable Environmental Laws and Regulations in connection
with Lessee’s Exploration and Development Operations on the Property after the date of this Agreement; or (d) a material
breach of any material obligation of Lessee under this Section or this Agreement.  The provisions of this Section shall
survive expiration and termination of this Agreement.

 

12.4         Environmental
Indemnity of Owner. Owner shall promptly reimburse, defend, indemnify (with legal counsel acceptable to Lessee) and hold harmless
Lessee, the Lessee Affiliates and their respective Affiliates from any and all claims, liabilities, obligations, losses, causes
of action, demands, governmental proceedings or directives, fines, penalties, expenses, costs (including but not limited to reasonable
attorney’s fees, consultant’s fees and other expert’s fees and costs), and damages, which arise from or relate
to: (a) Hazardous Materials Activities performed on the Property prior to the date of this Agreement; (b) Exploration and Development
Operations on the Property prior to the date of this Agreement; (c) any material non-compliance with applicable Environmental Laws
and Regulations on, relating to or in connection with the Property prior the date of this Agreement; or (d) a material breach of
any material obligation of Owner under this Section or this Agreement.  The provisions of this Section shall survive expiration
and termination of this Agreement.

 

    	 	9	 

     

    

  

13.         BLM
and County Annual Fees

 

13.1         Federal
and County Mining Claim Annual Fees. Lessee agrees to pay the Federal Annual Mining Claim Maintenance Fees and the County Annual
Affidavit and Notice of Intent to Hold Fees, collectively referred to as (the “Annual Fees”) for the unpatented
mining claims which constitute all or part of the Property, beginning with the annual assessment work period of September 1, 2015
to September 1, 2016. If Lessee elects to terminate this Agreement prior to June 1 of any calendar year for the succeeding annual
assessment year, Lessee shall have no obligations for any payment of the Annual Fees. If Lessee elects to terminate this Agreement
after June 1 of any calendar year for the succeeding annual assessment year, Lessee agrees it shall be responsible and obligated
to pay the Annual Fees for such calendar year. Lessee shall deliver to Owner proof of the payment of the Annual Fee prior to August
1 of each calendar year or this Agreement shall be terminated, null and void. The provisions of this Section shall survive expiration
and termination of this Agreement.

 

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

 

14.         Relationship
of the Parties.

 

14.1         No
Partnership. This Agreement shall only be construed as establishing a contract between unrelated business entities for the
purposes expressed herein and shall not be deemed to create a joint venture, partnership, fiduciary or agency relationship between
the Parties for any purpose, and nothing in this Agreement shall cause one Party to be, or be deemed to be, the partner, mining
partner, venturer, agent or legal representative of any other Party. Neither Party may create or incur any liability or obligation
for or on behalf of the other Party, unless otherwise set forth in this Agreement.

 

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

 

15.         Covenants,
Warranties and Representations. Each Party hereby covenants, warrants and represents for itself as follows:

 

15.1         No
Pending Proceedings. There are no lawsuits or proceedings pending or, to such Party’s knowledge, threatened which could
adversely affect such Party’s ability to enter into or perform its obligations under this Agreement.

 

15.2         Costs.
Each Party shall pay its own costs and expenses incurred in its negotiating and preparing this Agreement and in closing and carrying
out the transactions contemplated by this Agreement.

 

15.3         Brokers.
Each Party shall indemnify and hold harmless the other Party from and against any and all liability for any brokers’ or finders’
fees arising with respect to brokers or finders retained or engaged by such Party in respect of the transactions contemplated by
this Agreement.

 

    	 	10	 

     

    

  

15.4        Representation
and Warrantees

 

Owner represents and
warrants to Lessee:

 

		(a)	To the best of Owners knowledge and belief, the unpatented mining claims which were located by Owner and which are part of
the Property were properly located and recorded in accordance and in compliance with all applicable Governmental Laws and Regulations;

		(b)	To the best of Owners knowledge and belief, the Annual Fees due and owing prior to the date of this Agreement by Owner have
been paid were paid in accordance with applicable Governmental Laws and regulations;

		(c)	To the best of Owners knowledge and belief, the Claims are in good standing;

		(d)	Owner is the legal and beneficial owner of the Claims and has full and marketable rights to the
Claims free and clear of any and all Liens of any type whatsoever;

		(e)	Owner disclaims any representation or warranty concerning the existence or proof of a discovery
of locatable Minerals on or under the Property. No other statement of mineral value is expressed or implied;

		(f)	Owner has the full limited liability company power and authority to carry on its business as it
is presently and to enter into this Agreement and the other agreements, certificates, documents and other instruments contemplated
hereby (collectively, the “Transaction Documents”) and to consummate the transactions contemplated hereby and
thereby;

		(g)	No authorization, approval, or consent of, and no filing or registration with, or notice to, any
court, governmental authority or third party is or will be necessary for the execution, delivery or performance by Owner of the
Transaction Documents or for the validity or enforceability thereof.

		(h)	The execution, delivery and performance of the Transaction Documents by Owner, and the performance
by Owner of the transactions contemplated thereby, have been duly authorized by all necessary member and manager action, and no
other limited liability company proceedings on the part of Owner are necessary to authorize or approve the Transaction Documents.

		(i)	The execution, delivery and performance of the Transaction Documents by Owner, and the performance
by Owner of the transactions contemplated thereby, do not and will not: (i) violate or result in a violation of, conflict with
or constitute or result in a violation of or default (whether after the giving of notice, lapse of time or both) or loss of benefit
under any provision of any organizational document of Owner or cause the creation of any Lien upon any of its assets (including
the Property); (ii) violate, conflict with or result in a violation of, or constitute a default (whether after the giving of notice,
lapse of time or both) under, any provision of any Governmental Law and Regulation applicable to Owner, except as would not be
reasonably expected to have a material adverse effect on Owner; (iii) violate or result in a violation of, or conflict with or
constitute or result in a violation of or default (whether after the giving of notice, lapse of time or both) under, accelerate
any obligation under, or give rise to a right of termination of, any (y) material contract to which Owner is a party or by which
Owner or any of its assets (including the Property) are bound or (z) licenses, permits and other governmental or other third party
approvals applicable to Owner, except as would not be reasonably expected to have a material adverse effect.

		(j)	Owner has full power, capacity and authority to lease, to enter into and perform its obligations
and convey its interests under the Transaction Documents.

		(k)	All information to the best of Owners knowledge and belief relating to the Property that could
reasonably be expected to have a material adverse effect on the Property or prospective operations on the Property or that could
otherwise be material to a lessee or purchaser of the Property has been disclosed to Lessee 

 

15.5.      Lessee
Representation and Warrantees. 

 

Lessee represents and
warrants to Owner:

 

		(a)	Lessee has the full corporate power and authority to carry on its business as it is presently conducted
and to enter into the Transaction Documents and to consummate the transactions contemplated thereby;

 

    	 	11	 

     

    

  

		(b)	No authorization, approval, or consent of, and no filing or registration with, or notice to, any
court, governmental authority or third party is or will be necessary for the execution, delivery or performance by Lessee of the
Transaction Documents or for the validity or enforceability thereof.

		(c)	The execution, delivery and performance of the Transaction Documents by Lessee, and the performance
by Lessee of the transactions contemplated thereby, have been duly authorized by all necessary board of directors and shareholder
action, and no other corporate proceedings on the part of Lessee are necessary to authorize or approve the Transaction Documents;

		(d)	The execution, delivery and performance of the Transaction Documents by Lessee, and the performance
by Lessee of the transactions contemplated thereby, do not and will not: (i) violate or result in a violation of, conflict with
or constitute or result in a violation of or default (whether after the giving of notice, lapse of time or both) or loss of benefit
under any provision of any organizational document of Lessee or cause the creation of any Lien upon any of its assets (including
the Property); (ii) violate, conflict with or result in a violation of, or constitute a default (whether after the giving of notice,
lapse of time or both) under, any provision of any Governmental Law and Regulation applicable to Lessee, except as would not be
reasonably expected to have a material adverse effect on Lessee; (iii) violate or result in a violation of, or conflict with or
constitute or result in a violation of or default (whether after the giving of notice, lapse of time or both) under, accelerate
any obligation under, or give rise to a right of termination of, any (y) material contract to which Lessee is a party or by which
Lessee or any of its assets (including the Property) are bound or (z) licenses, permits and other governmental or other third party
approvals applicable to Lessee, except as would not be reasonably expected to have a material adverse effect.

		(e)	Lessee is familiar with the applicable Governmental Laws and Regulations that relate to the Property
(including without limitation, the laws and regulations of the Nevada State Land Department).

 

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

 

16.         Termination
by Expiration, Default or Agreement. Notwithstanding any provision in this Agreement to the contrary, this Agreement shall
terminate upon the Closing or in accordance with this Section 16 as expressly provided below.

 

16.1         Termination
by Owner. Any material failure by Lessee to perform any of its covenants, liabilities, obligations or responsibilities under
this Agreement shall be a default and Owner may give Lessee a written Default Notice. If the Default Notice is not remedied within
thirty (30) days after receipt of the Default Notice, provided the default can reasonably be cured within that time, or, if not,
if Lessee has not within that time commenced action to cure the same or does not after such commencement diligently prosecute such
action to completion, this Agreement shall be terminated an Owner may deliver a Termination Notice to Lessee. Owner may execute
and record Exhibit F Termination Notice of this Agreement and Lessee shall execute and deliver to Owner a Termination and Release
document for this Agreement in a form acceptable to Owner for recording which shall include the transfer of any and all Lessee’s
right, title and interest in the Property to Owner.

 

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

 

    	 	12	 

     

    

  

16.3         Continuing
Obligations and Environmental Liabilities. During the Term of this Agreement and after termination or expiration under this
Section 16, Lessee shall remain liable for liabilities to Owner and/or third parties arising out of or related to Hazardous Materials
Activities conducted by Lessee, Lessee’s Exploration and Development Operations on the Property or Lessee's other use of
and/or activities on the Property, including environmental liabilities and related bonding requirement. Lessee's liabilities and
obligations shall include environmental damage and liabilities, which are caused by or as a result of work done on the Property
as described in Section 6 of this Agreement. This provision shall survive expiration or termination of this Agreement.

 

16.4         Surrender
of the Property and Disposition of Assets on Termination. Except for termination of this Agreement in connection with the Closing,
on expiration or termination of this Agreement, Lessee shall surrender the Property promptly to Owner and at Lessee’s sole
cost shall remove from the Property all of Lessee’s buildings, equipment and structures in substantially the same condition
as existed immediately prior to the execution and delivery of this Agreement. All costs and expenses incurred in connection with
the removal or disposal of any or all of the personal property, including all buildings, equipment and structures and Data on the
Property as a result of the termination of this Agreement shall be expenses chargeable to Lessee and reimbursed to Owner or its
Affiliates. This provision shall survive expiration or termination of this Agreement. Lessee shall reclaim the Property in accordance
with all applicable Governmental Laws and Regulations. Lessee shall diligently perform reclamation and restoration of the Property
such that Lessee’s reclamation and restoration shall be completed no later than the date required under any and all applicable
Governmental Laws and Regulations or no later than one hundred eighty (180) days of the expiration or termination of this Agreement.
..

 

16.5         Right
to Data after Termination. Within thirty (30) days following termination or expiration of this Agreement, Lessee shall deliver
to Owner at its sole costs all Data with regards to the Property at the time of termination which before termination has not been
furnished to Owner. At Owner request, Lessee shall deliver, at its sole costs, to Owner at Owner elected and directed location
all Data, including but not limited to drilling core, drill RC chips and trays, coarse rejects, pulps, samples, sample splits and
thin sections taken from or stored on the Property.

 

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

 

16.7.          Continued
Authority. On termination of the Agreement, each Party hereby agrees to execute and deliver such further agreements, certificates,
documents and other instruments, and to take such other action, as the other Party may reasonably request to effect the purposes
of this Section 16.

 

17.         Confidentiality.

 

17.1         Confidential
Information. Except as otherwise provided in Section 17.2 below, the Data and all other information, data, materials, reports
and other proprietary and privileged information related primarily to the Property and information disclosed to the other Party
designated as “Confidential” by notice to the other Party at the time of its initial disclosure to such Party (collectively,
the “Confidential Information”) shall be kept confidential and shall not be disclosed to outside third parties
except as may be required to publicly record or protect title to the Property or to publicly announce and disclose confidential
information under Governmental Laws and Regulations or under the rules and regulations of any stock exchange or self-regulatory
organization on which the securities of any Party, or the parent or affiliates of any Party, are listed or through which its securities
prices are quoted. If a party negotiates for a transfer of all or any portion of its interest in the Property or under this Agreement
or negotiates to procure financing or loans relating to the Property, in order to facilitate any such negotiations such Party shall
have the right to furnish Confidential Information to third parties, provided that each third party to whom the Confidential Information
is disclosed agrees to maintain its confidentiality in the manner provided in this Section..

 

17.2         Disclosure
of Confidential Information. The Parties agree to cooperate with each other prior to the disclosure, publicly or to a third
party, of any of the other Party’s Confidential Information. Such cooperation shall include consideration of matters such
as, but not limited to, Governmental Laws and Regulations regarding the disclosure and use of such Confidential Information.

 

    	 	13	 

     

    

 

 

17.3         Items
Not Considered Confidential. The term “Confidential Information” shall not include any information which (i) at
the time of disclosure or thereafter is generally available to and known by the public (other than as a result of a disclosure
directly or indirectly by the disclosing Party or its Affiliates, (ii) was available to the disclosing Party on a non-confidential
basis from a source other than the other Party or its advisors, provided that such source is not and was not directly or indirectly
bound by a confidentiality agreement with the other Party or otherwise prohibited from transmitting the information to the disclosing
Party or its affiliates by a contractual, legal or fiduciary obligation, or (iii) has been independently acquired or developed
by the disclosing Party without violating any of the other Party’s obligations under this Agreement.

 

18.         Assignment.

 

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

 

18.2         Owner’s
Assignment. Owner shall have the right to Transfer all or any part of its interest in this Agreement or the Property. No change
in Ownership in the Property shall affect Lessee's obligations under this Agreement towards any person or entity with respect to
the ownership of Owner’s interest under this Agreement unless and until Owner may deliver to Lessee a copy of the assignment
or other documentation which documents the Transfer. Until Lessee receives such Owner's notice and the documents required to be
delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer of Owner's interest
had not occurred. No division of Owner's interest as to all or any part of the Property shall enlarge Lessee's obligations or diminish
Lessee's rights, or otherwise amend, modify, revise or supplement Lessee’s obligations, under this Agreement.

 

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

 

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

 

		If to Owner:	Mountain Gold Claims, LLC Series 9

PO Box 21146 

Reno, NV 89515 

Fax: 775-849-1985

E-mail: tom@mtngold.us

 

		Delivery of all Data to:	Mountain Gold Claims, LLC Series 9

760 Brenda Way

Washoe Valley, Nevada 89704

 

		If to Lessee:	Consolidated Goldfields Corporation

1575 Delucchi Lane, Suite 115

Reno, NV 89502

775-829-4507

E-mail:
mandrews@consolidatedgold.com

 

    	 	14	 

     

    

 

 

21.         Binding
Effect of Obligations. This Agreement shall be binding upon and inure to the benefit of the respective Parties and their heirs,
successors or assigns.

 

22.         Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to the matters set forth herein,
and supersedes any prior agreement between the parties with respect to the matters set forth herein. No party has made any representations,
warranties, covenants or promises relating to the subject matter of this Agreement except as otherwise set forth herein, and any
prior agreements or understandings not specifically set forth herein shall be of no force or effect. This Agreement may be amended
or modified only by a written instrument signed by both Parties.

 

23.         Choice
and Governing Law and Venue Selection. This Agreement shall be construed, enforced and governed in accordance with the laws
of the State of Nevada, without giving effect to provisions thereof regarding conflict of laws. Venue and any action or proceeding
concerning the construction, or interpretation of the terms of this Agreement or any claim or dispute between the Parties shall
be commenced, heard and lie with the Second Judicial District Court of the State of Nevada, in and for the County of Washoe, Reno,
Nevada.

 

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

 

25.         Severability.
In the event any provision of this Agreement is held to be invalid, illegal or unenforceable for any reason and in any respect,
such invalidity, illegality or unenforceability shall in no event affect, prejudice or disturb the validity or enforceability of
the remainder of this Agreement, which shall be in full force and effect, enforceable in accordance with its terms.

 

26.         Time
of Essence. Time is of the essence in the performance of the Parties’ obligations under this Agreement.

 

LESSEE: 

 

Consolidated Goldfields Corporation 

 

	/s/ Marc J. Andrews	 	Date: 11-4-14
	By:  Marc Andrews, President 	 	 

 

OWNER:

 

	Mountain Gold Claims, LLC Series 9	 	 
	 	 	 
	/s/ Thomas E. Callicrate	 	Date: 11-4-14
	By:  Thomas Callicrate, Manager	 	 

 

    	 	15

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