Amendment to Clause 7. 5.1 Clause 7.11 is amended by deleting the reference to "clause 6.13" and substituting "clause 6.12".
Amendment to Clause 7. 1. Clause 7.1 of the E&O Agreement is hereby amended by deleting the phrase “, within 36 months of exercising the Option,” from the clause, such that the clause reads as follows: If Xstrata completes a feasibility study on any part of the Property, Xstrata must notify Solitario, and Solitario will have the right to elect to “buy back” up to a maximum 25% equity in the Property at any time within 120 days of receiving the said notification (the “Back-in Right”) by giving written notice to Xstrata of the exercise of the Back-in Right.
Amendment to Clause 7. 3(b). Clause 7.3(b) of the E&O Agreement is hereby deleted in its entirety and replaced by the following:
Amendment to Clause 7. 4: Clause 7.4 is hereby deleted and the following Clause 7.4 inserted in lieu thereof:
Amendment to Clause 7. (i) Clause 7.1 be and is hereby amended as follows:- The Trustee shall hold and stand possessed of the Trust Property that may from time to time hereafter be vested in the Trustee upon trust as a single common fund. The Trustee shall take into its custody or control the Trust Property and hold the same in accordance with the law and the provisions of the Constitutive Documents. The cash and the registerable assets shall be registered in the name, or to the order of, the Trustee. The Trustee shall invest the Trust Property from time to time at the direction of the Management Company strictly in terms of the provisions contained and the conditions stipulated in this Trust Deed, the Offering Document, the Rules and the Regulations and the conditions, if any, which may be imposed by the Commission from time to time.
Amendment to Clause 7. 1 The text of the main para of Clause 7.1 be and is hereby replaced by the following text:
