Exhibit 10.16
Bill of Sale
The purchaser, Calumet Mining Company, ("Grantee") an Idaho Corporation with an
address at 0000 Xxxx Xxxxxx, Xxxxx 000, Xxxxxx Xxxx Xxxxxx, XX, hereby purchases
from Trend Mining Company, a Delaware Corporation ("Grantor") with an address at
000 Xxxxx Xxxxxx, Xxxxx 0, Xxxxx x'Xxxxx, Xxxxx, the mining property commonly
called the "Pyramid Mine" consisting of five unpatented mining claims, and
located in Sections 10 and 11, T. 00 X. X. 00 X., Xxxxxxxxx Xxxxxx, Xxxxxx.
Interest Conveyed: Grantor conveys the interest and obligations of the property
created, obtained, and sustained by virtue of location of the said unpatented
mining claims.
Purchase Price: The purchase price for said unpatented mining claims shall be
50,000 (Fifty Thousand) shares of the $.01 par value common stock of the
Grantee. Such shares shall bear a restricted legend.
Royalty: Grantor will retain an 1 1/2 (one and one half percent) Net Smelter
Return production royalty interest in the above defined mining property.
Xxxxxx and accepted this 12th day of November, 2001.
Grantor: Grantee:
/s/ Xxxx Xxxxxxx /s/ Xxxx Xxxx
Xxxx Xxxxxxx, President Xxxx Xxxx, President
Trend Mining Company Calumet Mining Company
