Terms Defined in the Agreement. As used in the Agreement, the following terms have the meanings given in the Agreement where indicated below: Defined Term Where Defined 66 Resources Recital B Acquiring Member Section 10.1(b) AGEI Introductory paragraph AGEI Products Section 7.3(a) Agreement Introductory paragraph Amendment Section 6.5 Cash Call Default Section 3.5(a) Cash Call Default Amendment Section 6.5(b) Claims Recital A Contributing Member Section 6.6(b) Covered Real Property Section 10.1(a) Default Amount Section 3.5(a) Default Loan Section 3.5(b) Delinquent Member Section 3.5(a) Effective Date Introductory paragraph Excess Contribution Section 6.6(b) IGLD Introductory paragraph IGLD Products Section 7.3(a) Indemnified Member Parties Section 4.3(a) Indemnifying Member Section 4.3(a) Independent Accountant Section 6.13 Joint Funding Section 3.3 Major Decision Section 5.2(f) Management Committee Section 5.2(a) Manager Section 5.3 XxXxxxxx Recital B Monthly Capital Call Section 7.1(d) Non-Contributing Member Section 6.6(a) Non-Contribution Notice Section 6.6(a) Non-Defaulting Member Section 3.5(a) Notified Member Section 8.5(a) Offer Notice Section 8.5(a) Offered Interest Section 8.5(a) Offered Price Section 8.5(a) Offered Terms Section 8.5(a) Permitted Interest Encumbrance Section 8.2(b) Permitted Transfer Section 8.2(a) Piggy Back Notice Section 8.6(b) Piggy Back Right Section 8.6(b) Piggy Back Transaction Section 8.6(a) Proposed Buyer Section 8.6(a) Representative Section 5.2(a) Requesting Member Section 7.3(b) Selling Member Section 8.5(a) Tax Distribution Section 7.1(d) Underfunded Amount Section 6.6(a) Unpatented Lode Claims Recital A Unpatented Mill Sites Recital A The following fourteen (14) unpatented lode mining claims situated in Sections 28, 29, 32, and 33, T. 00 X., X. 00 X., XXX, xx Xxxxxx Xxxxxx, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number The following eighty-four (84) unpatented mill sites situated in 20, 28, 29, and 32, T. 31 N., R. 43 E., MDM, in Lander County, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number 1 INDEPENDENCE #9 10/21/2017 NMC1163341 NV101635516 2 INDEPENDENCE #10 10/21/2017 NMC1163342 NV101635517 3 INDEPENDENCE #11 10/21/2017 NMC1163343 NV101635518 4 INDEPENDENCE #12 10/21/2017 NMC1163344 NV101635519 5 INDEPENDENCE #13 10/21/2017 NMC1163345 NV101635520 6 INDEPENDENCE #14 10/21/2017 NMC1163346 NV101635521 7 INDEPENDENCE #15 10/21/2017 NMC1163347 NV101635522 8 INDEPENDENCE #16 10/21/2017 NMC1163348 NV101635523 9 INDEPENDENCE #17 10/21/2017 NMC1163349 NV101635524 10 INDEPENDENCE #18 10/21/2017 NMC1163350 NV101635525 11 INDEPENDENCE #19 10/21/2017 NMC1163351 NV101635526 12 INDEPENDENCE #20 10/21/2017 NMC1163352 NV101636609 13 INDEPENDENCE #21 10/21/2017 NMC1163353 NV101636610 14 INDEPENDENCE #22 10/21/2017 NMC1163354 NV101636611 15 INDEPENDENCE #23 10/21/2017 NMC1163355 NV101636612 16 INDEPENDENCE #24 10/21/2017 NMC1163356 NV101636613 17 INDEPENDENCE #41 10/21/2017 NMC1163357 NV101636614 18 INDEPENDENCE #42 10/21/2017 NMC1163358 NV101636615 19 INDEPENDENCE #43 10/21/2017 NMC1163359 NV101636616 20 INDEPENDENCE #44 10/21/2017 NMC1163360 NV101636617 21 INDEPENDENCE #1 4/10/2018 NMC1173940 NV101641558 22 INDEPENDENCE #2 4/10/2018 NMC1173941 NV101641559 23 INDEPENDENCE #3 4/10/2018 NMC1173942 NV101641560 24 INDEPENDENCE #4 4/10/2018 NMC1173943 NV101641561 25 INDEPENDENCE #5 4/10/2018 NMC1173944 NV101641562 26 INDEPENDENCE #6 4/10/2018 NMC1173945 NV101641563 27 INDEPENDENCE #7 4/10/2018 NMC1173946 NV101641564 28 INDEPENDENCE #8 4/10/2018 NMC1173947 NV101641565 29 INDEPENDENCE #25 4/10/2018 NMC1173948 NV101641566 30 INDEPENDENCE #26 4/10/2018 NMC1173949 NV101641567 31 INDEPENDENCE #27 4/10/2018 NMC1173950 NV101641568 32 INDEPENDENCE #28 4/10/2018 NMC1173951 NV101641569 33 INDEPENDENCE #29 4/10/2018 NMC1173952 NV101641570 # Claim Name Location Date BLM Legacy NMC No. Serial Number 34 INDEPENDENCE #30 4/10/2018 NMC1173953 NV101641571 35 INDEPENDENCE #31 4/10/2018 NMC1173954 NV101641572 36 INDEPENDENCE #32 4/10/2018 NMC1173955 NV101641573 37 INDEPENDENCE #33 4/10/2018 NMC1173956 NV101641574 38 INDEPENDENCE #34 4/10/2018 NMC1173957 NV101641575 39 INDEPENDENCE #35 4/10/2018 NMC1173958 NV101641576 40 INDEPENDENCE #36 4/10/2018 NMC1173959 NV101641577 41 INDEPENDENCE #37 4/10/2018 NMC1173960 NV101641578 42 INDEPENDENCE #38 4/10/2018 NMC1173961 NV101642747 43 INDEPENDENCE #39 4/10/2018 NMC1173962 NV101642748 44 INDEPENDENCE #40 4/10/2018 NMC1173963 NV101642749 45 INDEPENDENCE #59 4/10/2018 NMC1173964 NV101642750 46 INDEPENDENCE #60 4/10/2018 NMC1173965 NV101642751 47 INDEPENDENCE #61 4/10/2018 NMC1173966 NV101642752 48 INDEPENDENCE #62 4/10/2018 NMC1173967 NV101642753 49 INDEPENDENCE #63 4/10/2018 NMC1173968 NV101642754 50 INDEPENDENCE #64 4/10/2018 NMC1173969 NV101642755 51 INDEPENDENCE #65 4/10/2018 NMC1173970 NV101642756 52 INDEPENDENCE #66 4/10/2018 NMC1173971 NV101642757 53 INDEPENDENCE #71 4/10/2018 NMC1173972 NV101642758 54 INDEPENDENCE #72 4/10/2018 NMC1173973 NV101642759 55 INDEPENDENCE #73 4/10/2018 NMC1173974 NV101642760 56 INDEPENDENCE #74 4/10/2018 NMC1173975 NV101642761 57 INDEPENDENCE #75 4/10/2018 NMC1173976 NV101642762 58 INDEPENDENCE #76 4/10/2018 NMC1173977 NV101642763 59 INDEPENDENCE #89 4/10/2018 NMC1173978 NV101642764 60 INDEPENDENCE #90 4/10/2018 NMC1173979 NV101642765 61 INDEPENDENCE #70 10/15/2020 NMC1210126 NV101825292 62 INDEPENDENCE #77 10/15/2020 NMC1210127 NV101825293 63 INDEPENDENCE #78 10/15/2020 NMC1210128 NV101825294 64 INDEPENDENCE #79 10/15/2020 NMC1210129 NV101825295 65 INDEPENDENCE #80 10/15/2020 NMC1210130 NV101825296 66 INDEPENDENCE #81 10/15/2020 NMC1210131 NV101825297 67 INDEPENDENCE #82 10/15/2020 NMC1210132 NV101825298 68 INDEPENDENCE #83 10/15/2020 NMC1210133 NV101825299 69 INDEPENDENCE #84 10/15/2020 NMC1210134 NV101826506 70 INDEPENDENCE #85 10/15/2020 NMC1210135 NV101826507 71 INDEPENDENCE #86 10/15/2020 NMC1210136 NV101826508 72 INDEPENDENCE #87 10/15/2020 NMC1210137 NV101826509 # Claim Name Location Date BLM Legacy NMC No. Serial Number 73 INDEPENDENCE #88 10/15/2020 NMC1210138 NV101826510 74 INDEPENDENCE #91 10/15/2020 NMC1210139 NV101826511 75 INDEPENDENCE #92 10/15/2020 NMC1210140 NV101826512 76 INDEPENDENCE #93 10/15/2020 NMC1210141 NV101826513 77 INDEPENDENCE #94 10/15/2020 NMC1210142 NV101826514 78 INDEPENDENCE #95 10/15/2020 NMC1210143 NV101826515 79 INDEPENDENCE #96 10/15/2020 NMC1210144 NV101826516 80 INDEPENDENCE #97 10/15/2020 NMC1210145 NV101826517 81 INDEPENDENCE #98 10/15/2020 NMC1210146 NV101826518 82 INDEPENDENCE #99 10/15/2020 NMC1210147 NV101826519 83 INDEPENDENCE #100 10/15/2020 NMC1210148 NV101826520 84 INDEPENDENCE #101 10/15/2020 NMC1210149 NV101826521 The “Area of Interest” shall be the area within two (2) miles of the exterior-most boundaries of the mining claims described in Exhibits A-1 through A-2; provided, however, that in no event shall the Area of Interest affect Sections 24, 25, and 36, T. 31 N., R. 42 E., and Sections 19, 30, and 31, T. 31 N., R 43 E. MDM, in Lander County, Nevada (collectively, the “Excluded Areas”). This Exhibit B describes the financial and accounting procedures to be followed by the Manager under the Agreement. The purpose of these Accounting Procedures is to establish equitable methods for determining charges and credits applicable to Operations. It is the intent of the Members that no Member shall lose or profit by reason of the designation of one of them to exercise the duties and responsibilities of the Manager. The Members shall meet and in good faith endeavor to agree upon changes deemed necessary to correct any unfairness or inequity.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Terms Defined in the Agreement. As used in the Agreement, the following terms have the meanings given in the Agreement where indicated below: Defined Term Where TermWhere Defined 66 Resources Recital B AAASection 11.3 Acquiring Member Section MemberSection 10.1(b) AGEI Introductory AgreementIntroductory paragraph AGEI Products Section 7.3(aAmendmentsSection 6.5 Arbitration PanelSection 11.3(a) Agreement Introductory paragraph Amendment Section 6.5 Cash Call Default Section 3.5(a) Cash Call Default Amendment Section 6.5(b) Claims Recital A Contributing Member Section MemberSection 6.6(b) Covered Real Property Section 10.1(a)
(a) Default Amount Section 3.5(aAmountSection 3.6(a) Default Loan Section 3.5(b3.6(b)
(a) Delinquent Member Section 3.5(aDisputeSection 11.1 Dispute PartySection 11.1 Earn-in PeriodSection 3.2(b)(ii) Effective Date Introductory DateIntroductory paragraph Excess Contribution Section ContributionSection 6.6(b) IGLD Introductory paragraph IGLD Products Section 7.3(a) Appendix A – Defined Terms: Page 9 Indemnified Member Parties Section PartiesSection 4.3(a) Indemnifying Member Section MemberSection 4.3(a) Independent Accountant Section 6.13 AccountantSection 6.13(a) Joint Funding Section 3.3 FundingSection 3.4. Major Decision Section DecisionSection 5.2(f) ). Management Committee Section CommitteeSection 5.2(a) Manager Section 5.3 XxXxxxxx Recital B Member AuditSection 6.13(b) Minimum Expense AmountSection 3.2(b) Minimum Work RequirementSection 3.2(b) Monthly Capital Call Section 7.1(d) Non-Contributing Member Section 6.6(aCallSection 7.3(d)
(a) Non-Contribution Notice Section 6.6(aNoticeSection 6.6
(a) Non-Defaulting Member Section 3.5(aMemberSection 3.6
(a) Notified Member Section 8.5(aMemberSection 8.4
(a) Offer Notice Section 8.5(aNoticeSection 8.4(a) Offered Interest Section 8.5(aInterestSection 8.4(a) Offered Price Section 8.5(aPriceSection 8.4(a) Offered Terms Section 8.5(aTermsSection 8.4(a) Permitted Interest Encumbrance Section EncumbranceSection 8.2(b) Permitted Transfer Section 8.2(a) Piggy Back Notice Section 8.6(b) Piggy Back Right Section 8.6(b) Piggy Back Transaction Section 8.6(a) Proposed Buyer Section 8.6(a) Representative Section 5.2(a) Requesting Member Section 7.3(b) Selling Member Section 8.5(a) Tax Distribution Section 7.1(d) Underfunded Amount Section 6.6(a) Unpatented Lode Claims Recital A Unpatented Mill Sites Recital A The following fourteen (14) unpatented lode mining claims situated in Sections 28, 29, 32, and 33, T. 00 X., X. 00 X., XXX, xx Xxxxxx Xxxxxx, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number The following eighty-four (84) unpatented mill sites situated in 20, 28, 29, and 32, T. 31 N., R. 43 E., MDM, in Lander County, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number 1 INDEPENDENCE #9 10/21/2017 NMC1163341 NV101635516 2 INDEPENDENCE #10 10/21/2017 NMC1163342 NV101635517 3 INDEPENDENCE #11 10/21/2017 NMC1163343 NV101635518 4 INDEPENDENCE #12 10/21/2017 NMC1163344 NV101635519 5 INDEPENDENCE #13 10/21/2017 NMC1163345 NV101635520 6 INDEPENDENCE #14 10/21/2017 NMC1163346 NV101635521 7 INDEPENDENCE #15 10/21/2017 NMC1163347 NV101635522 8 INDEPENDENCE #16 10/21/2017 NMC1163348 NV101635523 9 INDEPENDENCE #17 10/21/2017 NMC1163349 NV101635524 10 INDEPENDENCE #18 10/21/2017 NMC1163350 NV101635525 11 INDEPENDENCE #19 10/21/2017 NMC1163351 NV101635526 12 INDEPENDENCE #20 10/21/2017 NMC1163352 NV101636609 13 INDEPENDENCE #21 10/21/2017 NMC1163353 NV101636610 14 INDEPENDENCE #22 10/21/2017 NMC1163354 NV101636611 15 INDEPENDENCE #23 10/21/2017 NMC1163355 NV101636612 16 INDEPENDENCE #24 10/21/2017 NMC1163356 NV101636613 17 INDEPENDENCE #41 10/21/2017 NMC1163357 NV101636614 18 INDEPENDENCE #42 10/21/2017 NMC1163358 NV101636615 19 INDEPENDENCE #43 10/21/2017 NMC1163359 NV101636616 20 INDEPENDENCE #44 10/21/2017 NMC1163360 NV101636617 21 INDEPENDENCE #1 4/10/2018 NMC1173940 NV101641558 22 INDEPENDENCE #2 4/10/2018 NMC1173941 NV101641559 23 INDEPENDENCE #3 4/10/2018 NMC1173942 NV101641560 24 INDEPENDENCE #4 4/10/2018 NMC1173943 NV101641561 25 INDEPENDENCE #5 4/10/2018 NMC1173944 NV101641562 26 INDEPENDENCE #6 4/10/2018 NMC1173945 NV101641563 27 INDEPENDENCE #7 4/10/2018 NMC1173946 NV101641564 28 INDEPENDENCE #8 4/10/2018 NMC1173947 NV101641565 29 INDEPENDENCE #25 4/10/2018 NMC1173948 NV101641566 30 INDEPENDENCE #26 4/10/2018 NMC1173949 NV101641567 31 INDEPENDENCE #27 4/10/2018 NMC1173950 NV101641568 32 INDEPENDENCE #28 4/10/2018 NMC1173951 NV101641569 33 INDEPENDENCE #29 4/10/2018 NMC1173952 NV101641570 # Claim Name Location Date BLM Legacy NMC No. Serial Number 34 INDEPENDENCE #30 4/10/2018 NMC1173953 NV101641571 35 INDEPENDENCE #31 4/10/2018 NMC1173954 NV101641572 36 INDEPENDENCE #32 4/10/2018 NMC1173955 NV101641573 37 INDEPENDENCE #33 4/10/2018 NMC1173956 NV101641574 38 INDEPENDENCE #34 4/10/2018 NMC1173957 NV101641575 39 INDEPENDENCE #35 4/10/2018 NMC1173958 NV101641576 40 INDEPENDENCE #36 4/10/2018 NMC1173959 NV101641577 41 INDEPENDENCE #37 4/10/2018 NMC1173960 NV101641578 42 INDEPENDENCE #38 4/10/2018 NMC1173961 NV101642747 43 INDEPENDENCE #39 4/10/2018 NMC1173962 NV101642748 44 INDEPENDENCE #40 4/10/2018 NMC1173963 NV101642749 45 INDEPENDENCE #59 4/10/2018 NMC1173964 NV101642750 46 INDEPENDENCE #60 4/10/2018 NMC1173965 NV101642751 47 INDEPENDENCE #61 4/10/2018 NMC1173966 NV101642752 48 INDEPENDENCE #62 4/10/2018 NMC1173967 NV101642753 49 INDEPENDENCE #63 4/10/2018 NMC1173968 NV101642754 50 INDEPENDENCE #64 4/10/2018 NMC1173969 NV101642755 51 INDEPENDENCE #65 4/10/2018 NMC1173970 NV101642756 52 INDEPENDENCE #66 4/10/2018 NMC1173971 NV101642757 53 INDEPENDENCE #71 4/10/2018 NMC1173972 NV101642758 54 INDEPENDENCE #72 4/10/2018 NMC1173973 NV101642759 55 INDEPENDENCE #73 4/10/2018 NMC1173974 NV101642760 56 INDEPENDENCE #74 4/10/2018 NMC1173975 NV101642761 57 INDEPENDENCE #75 4/10/2018 NMC1173976 NV101642762 58 INDEPENDENCE #76 4/10/2018 NMC1173977 NV101642763 59 INDEPENDENCE #89 4/10/2018 NMC1173978 NV101642764 60 INDEPENDENCE #90 4/10/2018 NMC1173979 NV101642765 61 INDEPENDENCE #70 10/15/2020 NMC1210126 NV101825292 62 INDEPENDENCE #77 10/15/2020 NMC1210127 NV101825293 63 INDEPENDENCE #78 10/15/2020 NMC1210128 NV101825294 64 INDEPENDENCE #79 10/15/2020 NMC1210129 NV101825295 65 INDEPENDENCE #80 10/15/2020 NMC1210130 NV101825296 66 INDEPENDENCE #81 10/15/2020 NMC1210131 NV101825297 67 INDEPENDENCE #82 10/15/2020 NMC1210132 NV101825298 68 INDEPENDENCE #83 10/15/2020 NMC1210133 NV101825299 69 INDEPENDENCE #84 10/15/2020 NMC1210134 NV101826506 70 INDEPENDENCE #85 10/15/2020 NMC1210135 NV101826507 71 INDEPENDENCE #86 10/15/2020 NMC1210136 NV101826508 72 INDEPENDENCE #87 10/15/2020 NMC1210137 NV101826509 # Claim Name Location Date BLM Legacy NMC No. Serial Number 73 INDEPENDENCE #88 10/15/2020 NMC1210138 NV101826510 74 INDEPENDENCE #91 10/15/2020 NMC1210139 NV101826511 75 INDEPENDENCE #92 10/15/2020 NMC1210140 NV101826512 76 INDEPENDENCE #93 10/15/2020 NMC1210141 NV101826513 77 INDEPENDENCE #94 10/15/2020 NMC1210142 NV101826514 78 INDEPENDENCE #95 10/15/2020 NMC1210143 NV101826515 79 INDEPENDENCE #96 10/15/2020 NMC1210144 NV101826516 80 INDEPENDENCE #97 10/15/2020 NMC1210145 NV101826517 81 INDEPENDENCE #98 10/15/2020 NMC1210146 NV101826518 82 INDEPENDENCE #99 10/15/2020 NMC1210147 NV101826519 83 INDEPENDENCE #100 10/15/2020 NMC1210148 NV101826520 84 INDEPENDENCE #101 10/15/2020 NMC1210149 NV101826521 The “Area of Interest” shall be the area within two (2) miles of the exterior-most boundaries of the mining claims described in Exhibits A-1 through A-2; provided, however, that in no event shall the Area of Interest affect Sections 24, 25, and 36, T. 31 N., R. 42 E., and Sections 19, 30, and 31, T. 31 N., R 43 E. MDM, in Lander County, Nevada (collectively, the “Excluded Areas”). This Exhibit B describes the financial and accounting procedures to be followed by the Manager under the Agreement. The purpose of these Accounting Procedures is to establish equitable methods for determining charges and credits applicable to Operations. It is the intent of the Members that no Member shall lose or profit by reason of the designation of one of them to exercise the duties and responsibilities of the Manager. The Members shall meet and in good faith endeavor to agree upon changes deemed necessary to correct any unfairness or inequity.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Timberline Resources Corp)
Terms Defined in the Agreement. As used in the Agreement, the following terms have the meanings given in the Agreement where indicated below: Defined Term Where Defined 66 Resources Recital B Acquiring Member Section 10.1(b) AGEI Introductory paragraph AGEI Products Section 7.3(a) Agreement Introductory paragraph Amendment Amendments Section 6.5 Cash Call Default Buyout Purchase Price Section 3.5(a) Cash Call Default Amendment Section 6.5(b9.1(e) Claims Recital A Section 10.2 Company Recitals Contributing Member Section 6.6(b) CORE Alaska Introductory paragraph Covered Real Property Section 10.1(a) Default Amount Section 3.5(a) Default Loan Section 3.5(b) Delinquent Member Section 3.5(a) Diluted Member Section 9.1(e) Effective Date Introductory paragraph Electronic Execution Section 11.17(a) E-Sign Act Section 11.17(a) Excess Contribution Section 6.6(b) IGLD Introductory paragraph IGLD Products Section 7.3(a) Indemnified Member Parties Section 4.3(a) Indemnifying Member Section 4.3(a) Independent Accountant Section 6.13 6.11(b) Indirect Transfer Definition of “Transfer” Initial Program and Budget Section 6.1 Joint Funding Section 3.3 Major Decision Section 5.2(f) Management Committee Section 5.2(a) Manager Section 5.3 XxXxxxxx Recital B Monthly Capital Call Section 7.1(d) Non-Contributing Member Section 6.6(a) Non-Contribution Notice Section 6.6(a) Non-Defaulting Member Section 3.5(a) Notified Member Section 8.5(a) Offer Notice Section 8.5(a) Offered Interest Section 8.5(a8.4(a) Offered Price Offering Member Section 8.5(a8.4(a) Offered Terms Offering Member Notice Section 8.5(a8.4(b)(i) Original LLC Agreement Recitals Permitted Interest Encumbrance Encumbrances Section 8.2(b) Permitted Transfer Section 8.2(a) Piggy Back Notice Quarterly Capital Call Section 8.6(b) Piggy Back Right Section 8.6(b) Piggy Back Transaction Section 8.6(a) Proposed Buyer Section 8.6(a7.3(d) Representative Section 5.2(a) Requesting Member Section 7.3(b) Selling Member ROFO Notice Period Section 8.5(a8.4(b)(ii) ROFO Offer Notice Section 8.4(c)(i) ROFO Transferee Section 8.4(a) Royalty Value Section 4.13 Tax Distribution Section 7.1(d) UETA Section 11.17(a) Unanimous Decision Section 5.2(h) Underfunded Amount Section 6.6(a) Unpatented Lode Claims Recital A Unpatented Mill Sites Recital A The following fourteen (14) unpatented lode mining claims situated in Sections 28, 29, 32, and 33, T. 00 X., X. 00 X., XXX, xx Xxxxxx Xxxxxx, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number The following eighty-four (84) unpatented mill sites situated in 20, 28, 29, and 32, T. 31 N., R. 43 E., MDM, in Lander County, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number 1 INDEPENDENCE #9 10/21/2017 NMC1163341 NV101635516 2 INDEPENDENCE #10 10/21/2017 NMC1163342 NV101635517 3 INDEPENDENCE #11 10/21/2017 NMC1163343 NV101635518 4 INDEPENDENCE #12 10/21/2017 NMC1163344 NV101635519 5 INDEPENDENCE #13 10/21/2017 NMC1163345 NV101635520 6 INDEPENDENCE #14 10/21/2017 NMC1163346 NV101635521 7 INDEPENDENCE #15 10/21/2017 NMC1163347 NV101635522 8 INDEPENDENCE #16 10/21/2017 NMC1163348 NV101635523 9 INDEPENDENCE #17 10/21/2017 NMC1163349 NV101635524 10 INDEPENDENCE #18 10/21/2017 NMC1163350 NV101635525 11 INDEPENDENCE #19 10/21/2017 NMC1163351 NV101635526 12 INDEPENDENCE #20 10/21/2017 NMC1163352 NV101636609 13 INDEPENDENCE #21 10/21/2017 NMC1163353 NV101636610 14 INDEPENDENCE #22 10/21/2017 NMC1163354 NV101636611 15 INDEPENDENCE #23 10/21/2017 NMC1163355 NV101636612 16 INDEPENDENCE #24 10/21/2017 NMC1163356 NV101636613 17 INDEPENDENCE #41 10/21/2017 NMC1163357 NV101636614 18 INDEPENDENCE #42 10/21/2017 NMC1163358 NV101636615 19 INDEPENDENCE #43 10/21/2017 NMC1163359 NV101636616 20 INDEPENDENCE #44 10/21/2017 NMC1163360 NV101636617 21 INDEPENDENCE #1 4/10/2018 NMC1173940 NV101641558 22 INDEPENDENCE #2 4/10/2018 NMC1173941 NV101641559 23 INDEPENDENCE #3 4/10/2018 NMC1173942 NV101641560 24 INDEPENDENCE #4 4/10/2018 NMC1173943 NV101641561 25 INDEPENDENCE #5 4/10/2018 NMC1173944 NV101641562 26 INDEPENDENCE #6 4/10/2018 NMC1173945 NV101641563 27 INDEPENDENCE #7 4/10/2018 NMC1173946 NV101641564 28 INDEPENDENCE #8 4/10/2018 NMC1173947 NV101641565 29 INDEPENDENCE #25 4/10/2018 NMC1173948 NV101641566 30 INDEPENDENCE #26 4/10/2018 NMC1173949 NV101641567 31 INDEPENDENCE #27 4/10/2018 NMC1173950 NV101641568 32 INDEPENDENCE #28 4/10/2018 NMC1173951 NV101641569 33 INDEPENDENCE #29 4/10/2018 NMC1173952 NV101641570 # Claim Name Location Date BLM Legacy NMC No. Serial Number 34 INDEPENDENCE #30 4/10/2018 NMC1173953 NV101641571 35 INDEPENDENCE #31 4/10/2018 NMC1173954 NV101641572 36 INDEPENDENCE #32 4/10/2018 NMC1173955 NV101641573 37 INDEPENDENCE #33 4/10/2018 NMC1173956 NV101641574 38 INDEPENDENCE #34 4/10/2018 NMC1173957 NV101641575 39 INDEPENDENCE #35 4/10/2018 NMC1173958 NV101641576 40 INDEPENDENCE #36 4/10/2018 NMC1173959 NV101641577 41 INDEPENDENCE #37 4/10/2018 NMC1173960 NV101641578 42 INDEPENDENCE #38 4/10/2018 NMC1173961 NV101642747 43 INDEPENDENCE #39 4/10/2018 NMC1173962 NV101642748 44 INDEPENDENCE #40 4/10/2018 NMC1173963 NV101642749 45 INDEPENDENCE #59 4/10/2018 NMC1173964 NV101642750 46 INDEPENDENCE #60 4/10/2018 NMC1173965 NV101642751 47 INDEPENDENCE #61 4/10/2018 NMC1173966 NV101642752 48 INDEPENDENCE #62 4/10/2018 NMC1173967 NV101642753 49 INDEPENDENCE #63 4/10/2018 NMC1173968 NV101642754 50 INDEPENDENCE #64 4/10/2018 NMC1173969 NV101642755 51 INDEPENDENCE #65 4/10/2018 NMC1173970 NV101642756 52 INDEPENDENCE #66 4/10/2018 NMC1173971 NV101642757 53 INDEPENDENCE #71 4/10/2018 NMC1173972 NV101642758 54 INDEPENDENCE #72 4/10/2018 NMC1173973 NV101642759 55 INDEPENDENCE #73 4/10/2018 NMC1173974 NV101642760 56 INDEPENDENCE #74 4/10/2018 NMC1173975 NV101642761 57 INDEPENDENCE #75 4/10/2018 NMC1173976 NV101642762 58 INDEPENDENCE #76 4/10/2018 NMC1173977 NV101642763 59 INDEPENDENCE #89 4/10/2018 NMC1173978 NV101642764 60 INDEPENDENCE #90 4/10/2018 NMC1173979 NV101642765 61 INDEPENDENCE #70 10/15/2020 NMC1210126 NV101825292 62 INDEPENDENCE #77 10/15/2020 NMC1210127 NV101825293 63 INDEPENDENCE #78 10/15/2020 NMC1210128 NV101825294 64 INDEPENDENCE #79 10/15/2020 NMC1210129 NV101825295 65 INDEPENDENCE #80 10/15/2020 NMC1210130 NV101825296 66 INDEPENDENCE #81 10/15/2020 NMC1210131 NV101825297 67 INDEPENDENCE #82 10/15/2020 NMC1210132 NV101825298 68 INDEPENDENCE #83 10/15/2020 NMC1210133 NV101825299 69 INDEPENDENCE #84 10/15/2020 NMC1210134 NV101826506 70 INDEPENDENCE #85 10/15/2020 NMC1210135 NV101826507 71 INDEPENDENCE #86 10/15/2020 NMC1210136 NV101826508 72 INDEPENDENCE #87 10/15/2020 NMC1210137 NV101826509 # Claim Name Location Date BLM Legacy NMC No. Serial Number 73 INDEPENDENCE #88 10/15/2020 NMC1210138 NV101826510 74 INDEPENDENCE #91 10/15/2020 NMC1210139 NV101826511 75 INDEPENDENCE #92 10/15/2020 NMC1210140 NV101826512 76 INDEPENDENCE #93 10/15/2020 NMC1210141 NV101826513 77 INDEPENDENCE #94 10/15/2020 NMC1210142 NV101826514 78 INDEPENDENCE #95 10/15/2020 NMC1210143 NV101826515 79 INDEPENDENCE #96 10/15/2020 NMC1210144 NV101826516 80 INDEPENDENCE #97 10/15/2020 NMC1210145 NV101826517 81 INDEPENDENCE #98 10/15/2020 NMC1210146 NV101826518 82 INDEPENDENCE #99 10/15/2020 NMC1210147 NV101826519 83 INDEPENDENCE #100 10/15/2020 NMC1210148 NV101826520 84 INDEPENDENCE #101 10/15/2020 NMC1210149 NV101826521 The “Area of Interest” shall be the area within two (2) miles of the exterior-most boundaries of the mining claims described in Exhibits A-1 through A-2; provided, however, that in no event shall the Area of Interest affect Sections 24, 25, and 36, T. 31 N., R. 42 E., and Sections 19, 30, and 31, T. 31 N., R 43 E. MDM, in Lander County, Nevada (collectively, the “Excluded Areas”Waived ROFO Transfer Period Section 8.4(d). This Exhibit B describes the financial and accounting procedures to be followed by the Manager under the Agreement. The purpose of these Accounting Procedures is to establish equitable methods for determining charges and credits applicable to Operations. It is the intent of the Members that no Member shall lose or profit by reason of the designation of one of them to exercise the duties and responsibilities of the Manager. The Members shall meet and in good faith endeavor to agree upon changes deemed necessary to correct any unfairness or inequity.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Contango ORE, Inc.)
Terms Defined in the Agreement. As used in the Agreement, Each of the following terms have the meanings given is defined in the Agreement where indicated belowSection set forth opposite such term: Defined Term Where Defined 66 Resources Recital B Acquiring Member Accountant Section 10.1(b2.2(d) AGEI Introductory paragraph AGEI Products Adjustment Amount Section 7.3(a2.2(f) Agreement Introductory paragraph Amendment Preamble AIG Italy Section 6.5 7.5 Balance Sheet Date Section 3.7(a) Benefit Plans Section 3.14(a) Business Recitals Buyer Preamble Buyer Confidential Information Section 7.2(a) SPI-900029917v22 9 Buyer Indemnified Party Section 11.2 Calculation Deadline Section 2.2(d) Claim Notice Section 11.6(a) Clients Section 13.17 Closing Section 2.3 Closing Date Calculation Statement Section 2.2(a) Company Recitals Company Employees Section 3.13(a) Confirmation Period Section 2.5(b) Company Prepared Tax Return Section 9.1(b)(i) Contingent Cash Call Default Payment Section 3.5(a2.1 Counsel Section 13.17 CVC Recitals CVC Equity Interest Recitals CVC Transfer Section 7.7 D&O Indemnitees Section 6.2(a) Dispute Section 13.15(a) Disputed Earn-Out Amounts Section 2.5(c)(i) Earn-Out Dispute Notice Section 2.5(b) Earn-Out Payment Section 2.5(d) Earn-Out Period Section 2.5(a) Earn-Out Statement Section 2.5(a) End Date Section 12.1(b)(i) Estimated Cash Call Default Amendment Section 6.5(b2.2(a) Claims Recital A Contributing Member Estimated Indebtedness Section 6.6(b2.2(a) Covered Estimated Purchase Price Section 2.2(a) Estimated Transaction Expenses Section 2.2(a) Estimated Working Capital Section 2.2(a) Financial Statements Section 3.7(a) Initial Post-Closing Statement Section 2.2(b) Xxxxx Day Section 13.16 Licenses Section 3.11 Material Contracts Section 3.9(b) Notice Period Section 11.6(b) Objection Notice Section 2.2(c) Objection Period Section 2.2(b) Pre-Closing Engagements Section 13.17 Pre-Closing Tax Returns Section 9.1(b)(i) Privileged Communications Section 13.17 SPI-900029917v22 10 Purchase Price Section 2.1 Quota Recitals Real Property Leases Section 10.1(a3.15(b) Default Amount Reconciliation Period Section 3.5(a2.5(c) Default Loan Reorganization Section 3.5(b5.5 Rules Section 13.15(c) Delinquent Member Seller Preamble Seller Confidential Information Section 3.5(a7.2(b) Effective Date Introductory paragraph Excess Contribution Seller Indemnified Party Section 6.6(b11.3 Signing Balance Sheet Section 3.7 (a) IGLD Introductory paragraph IGLD Products Solvent Section 7.3(a4.7(b) Indemnified Member Parties Straddle Tax Returns Section 4.3(a) Indemnifying Member Section 4.3(a) Independent Accountant Section 6.13 Joint Funding Section 3.3 Major Decision Section 5.2(f) Management Committee Section 5.2(a) Manager Section 5.3 XxXxxxxx Recital B Monthly Capital Call Section 7.1(d) Non-Contributing Member Section 6.6(a) Non-Contribution Notice Section 6.6(a) Non-Defaulting Member Section 3.5(a) Notified Member Section 8.5(a) Offer Notice Section 8.5(a) Offered Interest Section 8.5(a) Offered Price Section 8.5(a) Offered Terms Section 8.5(a) Permitted Interest Encumbrance Section 8.2(b) Permitted Transfer Section 8.2(a) Piggy Back Notice Section 8.6(b) Piggy Back Right Section 8.6(b) Piggy Back Transaction Section 8.6(a) Proposed Buyer Section 8.6(a) Representative Section 5.2(a) Requesting Member Section 7.3(b) Selling Member Section 8.5(a9.1(b)(i) Tax Distribution Proceeding Section 7.1(d9.3 Third Party Claim Section 11.6(a) Underfunded Amount Transition Services Agreement Section 6.6(a2.3(b)(iii) Unpatented Lode Claims Recital A Unpatented Mill Sites Recital A The following fourteen (14) unpatented lode mining claims situated in Sections 28, 29, 32, and 33, T. 00 X., X. 00 X., XXX, xx Xxxxxx Xxxxxx, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number The following eighty-four (84) unpatented mill sites situated in 20, 28, 29, and 32, T. 31 N., R. 43 E., MDM, in Lander County, Nevada: # Claim Name Location Date BLM Legacy NMC No. Serial Number 1 INDEPENDENCE #9 10/21/2017 NMC1163341 NV101635516 2 INDEPENDENCE #10 10/21/2017 NMC1163342 NV101635517 3 INDEPENDENCE #11 10/21/2017 NMC1163343 NV101635518 4 INDEPENDENCE #12 10/21/2017 NMC1163344 NV101635519 5 INDEPENDENCE #13 10/21/2017 NMC1163345 NV101635520 6 INDEPENDENCE #14 10/21/2017 NMC1163346 NV101635521 7 INDEPENDENCE #15 10/21/2017 NMC1163347 NV101635522 8 INDEPENDENCE #16 10/21/2017 NMC1163348 NV101635523 9 INDEPENDENCE #17 10/21/2017 NMC1163349 NV101635524 10 INDEPENDENCE #18 10/21/2017 NMC1163350 NV101635525 11 INDEPENDENCE #19 10/21/2017 NMC1163351 NV101635526 12 INDEPENDENCE #20 10/21/2017 NMC1163352 NV101636609 13 INDEPENDENCE #21 10/21/2017 NMC1163353 NV101636610 14 INDEPENDENCE #22 10/21/2017 NMC1163354 NV101636611 15 INDEPENDENCE #23 10/21/2017 NMC1163355 NV101636612 16 INDEPENDENCE #24 10/21/2017 NMC1163356 NV101636613 17 INDEPENDENCE #41 10/21/2017 NMC1163357 NV101636614 18 INDEPENDENCE #42 10/21/2017 NMC1163358 NV101636615 19 INDEPENDENCE #43 10/21/2017 NMC1163359 NV101636616 20 INDEPENDENCE #44 10/21/2017 NMC1163360 NV101636617 21 INDEPENDENCE #1 4/10/2018 NMC1173940 NV101641558 22 INDEPENDENCE #2 4/10/2018 NMC1173941 NV101641559 23 INDEPENDENCE #3 4/10/2018 NMC1173942 NV101641560 24 INDEPENDENCE #4 4/10/2018 NMC1173943 NV101641561 25 INDEPENDENCE #5 4/10/2018 NMC1173944 NV101641562 26 INDEPENDENCE #6 4/10/2018 NMC1173945 NV101641563 27 INDEPENDENCE #7 4/10/2018 NMC1173946 NV101641564 28 INDEPENDENCE #8 4/10/2018 NMC1173947 NV101641565 29 INDEPENDENCE #25 4/10/2018 NMC1173948 NV101641566 30 INDEPENDENCE #26 4/10/2018 NMC1173949 NV101641567 31 INDEPENDENCE #27 4/10/2018 NMC1173950 NV101641568 32 INDEPENDENCE #28 4/10/2018 NMC1173951 NV101641569 33 INDEPENDENCE #29 4/10/2018 NMC1173952 NV101641570 # Claim Name Location Date BLM Legacy NMC No. Serial Number 34 INDEPENDENCE #30 4/10/2018 NMC1173953 NV101641571 35 INDEPENDENCE #31 4/10/2018 NMC1173954 NV101641572 36 INDEPENDENCE #32 4/10/2018 NMC1173955 NV101641573 37 INDEPENDENCE #33 4/10/2018 NMC1173956 NV101641574 38 INDEPENDENCE #34 4/10/2018 NMC1173957 NV101641575 39 INDEPENDENCE #35 4/10/2018 NMC1173958 NV101641576 40 INDEPENDENCE #36 4/10/2018 NMC1173959 NV101641577 41 INDEPENDENCE #37 4/10/2018 NMC1173960 NV101641578 42 INDEPENDENCE #38 4/10/2018 NMC1173961 NV101642747 43 INDEPENDENCE #39 4/10/2018 NMC1173962 NV101642748 44 INDEPENDENCE #40 4/10/2018 NMC1173963 NV101642749 45 INDEPENDENCE #59 4/10/2018 NMC1173964 NV101642750 46 INDEPENDENCE #60 4/10/2018 NMC1173965 NV101642751 47 INDEPENDENCE #61 4/10/2018 NMC1173966 NV101642752 48 INDEPENDENCE #62 4/10/2018 NMC1173967 NV101642753 49 INDEPENDENCE #63 4/10/2018 NMC1173968 NV101642754 50 INDEPENDENCE #64 4/10/2018 NMC1173969 NV101642755 51 INDEPENDENCE #65 4/10/2018 NMC1173970 NV101642756 52 INDEPENDENCE #66 4/10/2018 NMC1173971 NV101642757 53 INDEPENDENCE #71 4/10/2018 NMC1173972 NV101642758 54 INDEPENDENCE #72 4/10/2018 NMC1173973 NV101642759 55 INDEPENDENCE #73 4/10/2018 NMC1173974 NV101642760 56 INDEPENDENCE #74 4/10/2018 NMC1173975 NV101642761 57 INDEPENDENCE #75 4/10/2018 NMC1173976 NV101642762 58 INDEPENDENCE #76 4/10/2018 NMC1173977 NV101642763 59 INDEPENDENCE #89 4/10/2018 NMC1173978 NV101642764 60 INDEPENDENCE #90 4/10/2018 NMC1173979 NV101642765 61 INDEPENDENCE #70 10/15/2020 NMC1210126 NV101825292 62 INDEPENDENCE #77 10/15/2020 NMC1210127 NV101825293 63 INDEPENDENCE #78 10/15/2020 NMC1210128 NV101825294 64 INDEPENDENCE #79 10/15/2020 NMC1210129 NV101825295 65 INDEPENDENCE #80 10/15/2020 NMC1210130 NV101825296 66 INDEPENDENCE #81 10/15/2020 NMC1210131 NV101825297 67 INDEPENDENCE #82 10/15/2020 NMC1210132 NV101825298 68 INDEPENDENCE #83 10/15/2020 NMC1210133 NV101825299 69 INDEPENDENCE #84 10/15/2020 NMC1210134 NV101826506 70 INDEPENDENCE #85 10/15/2020 NMC1210135 NV101826507 71 INDEPENDENCE #86 10/15/2020 NMC1210136 NV101826508 72 INDEPENDENCE #87 10/15/2020 NMC1210137 NV101826509 # Claim Name Location Date BLM Legacy NMC No. Serial Number 73 INDEPENDENCE #88 10/15/2020 NMC1210138 NV101826510 74 INDEPENDENCE #91 10/15/2020 NMC1210139 NV101826511 75 INDEPENDENCE #92 10/15/2020 NMC1210140 NV101826512 76 INDEPENDENCE #93 10/15/2020 NMC1210141 NV101826513 77 INDEPENDENCE #94 10/15/2020 NMC1210142 NV101826514 78 INDEPENDENCE #95 10/15/2020 NMC1210143 NV101826515 79 INDEPENDENCE #96 10/15/2020 NMC1210144 NV101826516 80 INDEPENDENCE #97 10/15/2020 NMC1210145 NV101826517 81 INDEPENDENCE #98 10/15/2020 NMC1210146 NV101826518 82 INDEPENDENCE #99 10/15/2020 NMC1210147 NV101826519 83 INDEPENDENCE #100 10/15/2020 NMC1210148 NV101826520 84 INDEPENDENCE #101 10/15/2020 NMC1210149 NV101826521 The “Area of Interest” shall be the area within two (2) miles of the exterior-most boundaries of the mining claims described in Exhibits A-1 through A-2; provided, however, that in no event shall the Area of Interest affect Sections 24, 25, and 36, T. 31 N., R. 42 E., and Sections 19, 30, and 31, T. 31 N., R 43 E. MDM, in Lander County, Nevada (collectively, the “Excluded Areas”Transfer Deed Section 2.3(b)(iii). This Exhibit B describes the financial and accounting procedures to be followed by the Manager under the Agreement. The purpose of these Accounting Procedures is to establish equitable methods for determining charges and credits applicable to Operations. It is the intent of the Members that no Member shall lose or profit by reason of the designation of one of them to exercise the duties and responsibilities of the Manager. The Members shall meet and in good faith endeavor to agree upon changes deemed necessary to correct any unfairness or inequity.
Appears in 1 contract
Samples: Quota Purchase Agreement (Circor International Inc)