OPTION AGREEMENT
THIS AGREEMENT made as of the 31st day of March, 1999
BETWEEN:
KLEINEBAR RESOURCES LTD., XXXX XXXXXXXXX; and
XXXX XXXXXXXX all of 0000 Xxxxxx Xxxxxx,
Xxxxxxxxx, Xxxxxxx Xxxxxxxx
(collectively referred to as the "Optionor")
OF THE FIRST PART
AND:
RECON RUBBER CORPORATION, of Xxxxx 0000-0000
Xxxx Xxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx
Xxxxxxxx X0X 0X0
(the "Optionee")
OF THE SECOND PART
WHEREAS:
A. The Optionor is the owner of certain mineral claims
located in Mineral County, Nevada;
B. The Optionor has agreed to grant an exclusive option to
the Optionee to acquire an interest in and to the Property, on the
terms and conditions hereinafter set forth;
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the sum of $1.00 now paid by the Optionee to the Optionor (the
receipt of which is hereby acknowledged), the parties agree as
follows:
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DEFINITIONS
-----------
1. For the purposes of this Agreement the following words
and phrases shall have the following meanings, namely:
(a) "Exploration Expenditures" means the sum of:
(i) all costs of acquisition and maintenance of
the Property, all expenditures on the exploration and
development of the Property; and all other costs
and expenses of whatsoever kind of nature
including those of a capital nature, incurred or
chargeable by the Optionee with respect to the
exploration of the Property;
(b) "Option" means the option to acquire a 51% undivided
interest in and to the Property as provided in this
Agreement;
(c) "Option Period" means the period from the date of this
Agreement to and including the date of exercise or
termination of the Option;
(d) "Property" means the mineral claims described in
Schedule "A" hereto including any replacement or
successor claims, and all mining leases and other
mining interests derived from any such claims. Any
reference herein to any mineral claim comprising the
Property includes any mining leases or other interests
into which such mineral claim may have been converted;
(e) "Property Rights" means all licenses, permits,
easements, rights-of-way, certificates and other
approvals obtained by either of the parties either
before or after the date of this Agreement and
necessary for the exploration of the Property.
-3-
REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE OPTIONOR
---------------------------------------------------------
2. (a) The Optionor represents and warrants to and
covenants with the Optionee that:
(i) it is legally entitled to hold the
Property and the Property Rights and will remain so
entitled until the interest of the Optionor in the Property
which is subject to the Option has been duly transferred to the
Optionee as contemplated hereby;
(ii) it is, and at the time of each transfer
to the Optionee of an interest in the mineral claims
comprising the Property pursuant to the exercise
of the Option it will be, the recorded holder and
beneficial owner of all of the mineral claims
comprising the Property free and clear of all
liens, charges and claims of others, except as
noted on Schedule "A", and no taxes or rentals are
or will be due in respect of any of the mineral
claims;
(iii) the mineral claims comprising the Property
have been to the best of the Optionor's knowledge and
belief duly and validly located and recorded pursuant to
the laws of the jurisdiction in which the Property is situate
and, except as specified in Schedule "A" and accepted by the
Optionee, are in good standing with respect to all filings,
fees, taxes, assessments, work commitments or other
conditions on the date hereof and until the dates set
opposite the respective names thereof in Schedule "A";
(iv) there are not any adverse claims or challenges
against or to the ownership of or title to any of
the mineral claims comprising the Property, nor to
the knowledge of the Optionor is there any basis
therefor, and there are no
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outstanding agreements or options to acquire or purchase
the Property or any portion thereof, and no person has any
royalty or other interest whatsoever in production from
any of the mineral claims comprising the Property other
than as set out in Schedule "A";
(v) no proceedings are pending for, and
Xxxx Xxxxxxxxx and/or Xxxx Xxxxxxxx is unaware of any basis for
the institution of any proceedings leading to the placing of
the Xxxx Xxxxxxxxx and/or Xxxx Xxxxxxxx in bankruptcy or
subject to any other laws governing the affairs of insolvent
persons;
(vi) Kleinebar Resources Ltd. has been duly
incorporated, amalgamated or continued and validly exists
as a corporation in good standing under the laws of its
jurisdiction of incorporation, amalgamation or continuation;
(vii) Kleinebar Resources Ltd. has duly obtained all
corporate authorizations for the execution of this Agreement
and for the performance of this Agreement by it, and the
consummation of the transactions herein contemplated will not
conflict with or result in any breach of any covenants or
agreements contained in, or constitute a default under, or
result in the creation of any encumbrance under the provisions
of the Articles or the constating documents of Kleinebar
Resources Ltd. or any shareholders' or directors' resolution,
indenture, agreement or other instrument whatsoever to which
Kleinebar Resources Ltd. is a party or by which it is bound or to
which it or the Property may be subject;
(viii) the Property is not the whole or
substantially the whole of the undertaking of the
Kleinebar Resources Ltd.; and
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(ix) no proceedings are pending for, and
Kleinebar Resources Ltd. is unaware of any basis for the
institution of any proceedings leading to, the
dissolution or winding up of Kleinebar Resources
Ltd. or the placing of Kleinebar Resources Ltd. in
bankruptcy or subject to any other laws governing
the affairs of insolvent corporations.
(b) The representations and warranties contained
in this section are provided for the exclusive benefit of the
Optionee, and a breach of any one or more thereof may
be waived by the Optionee in whole or in part at any
time without prejudice to its rights in respect of any
other breach of the same or any other representation or
warranty, and the representations and warranties
contained in this section shall survive the execution
of this Agreement and of any transfers, assignments,
deeds or further documents respecting the Property.
REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE OPTIONEE
---------------------------------------------------------
3. (a) The Optionee represents and warrants to and covenants
with the Optionor that:
(i) it has been duly incorporated, amalgamated
or continued and validly exists as a corporation in
good standing under the laws of its jurisdiction
of incorporation, amalgamation or continuation;
(ii) it is lawfully authorized to hold mineral
claims and real property under the laws of the
jurisdiction in which the Property is situate;
(iii) it has duly obtained all corporate
authorizations for the execution of this Agreement and
for the performance of this Agreement by it, and the
consummation of the transactions herein
contemplated will not conflict with or result in
any breach of any covenants or agreements
contained in,
-6-
or constitute a default under, or
result in the creation of any encumbrance under
the provisions of the Articles or the constating
documents of the Optionee or any shareholders' or
directors' resolution, indenture, agreement or
other instrument whatsoever to which the Optionee
is a party or by which it is bound or to which it
or the Property may be subject;
(iv) no proceedings are pending for, and
the Optionee is unaware of any basis for the institution
of any proceedings leading to, the dissolution or winding
up of the Optionee or the placing of the Optionee
in bankruptcy or subject to any other laws
governing the affairs of insolvent corporations;
(b) The representations and warranties contained in this
section are provided for the exclusive benefit of the
Optionor and a breach of any one or more thereof may be
waived by the Optionor in whole or in part at any time
without prejudice to its rights in respect of any other
breach of the same or any other representation or
warranty, and the representations and warranties
contained in this section shall survive the execution
hereof.
GRANT AND EXERCISE OF OPTION
----------------------------
4. (a) The Optionor hereby grants to the Optionee
the sole and exclusive right and option to acquire a 51%
undivided interest in and to the Property free and clear
of all charges, encumbrances and claims, except for those set
out in Schedule "A".
(b) The Option shall be exercised by the Optionee:
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(i) paying the Optionor $1,000 US on the execution of
this Agreement, the receipt of which is hereby
acknowledged by the Optionor;
(ii) paying the Optionor $300,000 US as follows:
(A) $50,000 US on or before the first anniversary
of the date of this Agreement;
(B) an additional $75,000 on or before the second
anniversary of the date of this Agreement;
(C) an additional $75,000 on or before the third
anniversary of the date of this Agreement;
and
(D) an additional $100,000 on or before the
fourth anniversary of the date of this Agreement.
Following the above cash payments the Optionee shall
pay the Optionor yearly payments of $120,000 until such
time as the Property is placed into commercial
production or the Option is terminated by the Optionee.
The Optionee shall have the option to buyout this
$120,000 yearly minimum payment by paying a one time
payment of $1,000,000 or shares of the Optionee with an
equivalent value with not less than a $0.50 per share
value.
(iii) incurring Exploration Expenditures of $1,009,000
US on the Property as follows:
(A) $9,000 US on or before April 01, 2000;
(B) a further $150,000 on or before April 01,
2001;
-8-
(C) a further $150,000 on or before April 01,
2002;
(D) a further $240,000 on or before April 01,
2003; and
(E) a further $450,000 on or before April 01,
2004.
In the event that the Optionee spends, in any of the
above periods, less than the specified sum, it may pay
to the Optionor the difference between the amount it
actually spent and the specified sum before the expiry
of that period in full satisfaction of the Exploration
Expenditures to be incurred. In the event that the
Optionee spends, in any period, more than the specified
sum, the excess shall be carried forward and applied to
the Exploration Expenditures to be incurred in
succeeding periods.
(c) If and when the Option has been exercised:
(i) a 51% undivided right, title and
interest in and to the Property shall vest in the
Optionee free and clear of all charges, encumbrances
and claims except for those set out in Schedule "A"; and
(ii) the Optionor and the Optionee shall enter
into a joint venture and be bound by that joint venture
agreement.
RIGHT OF ENTRY
--------------
5. Throughout the Option Period the Optionor and its
servants, agents and independent contractors, shall have the right
in respect of the Property to:
(a) enter thereon;
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(b) have exclusive and quiet possession thereof;
(c) do such prospecting, exploration, development and
other mining work thereon and thereunder as the Optionor in
its sole discretion may determine advisable;
(d) bring upon and erect upon the Property such
buildings, plant, machinery and equipment as the Optionor may
deem advisable; and
(e) remove therefrom and dispose of reasonable
quantities of ores, minerals and metals for the purposes of
obtaining assays or making other tests.
OBLIGATIONS OF THE OPTIONOR DURING OPTION PERIOD
------------------------------------------------
6. During the Option Period the Optionor shall:
(a) based upon payments received from the Optionee
maintain in good standing those mineral claims comprising the
Property by the doing and filing of assessment work or
the making of payments in lieu thereof, by the payment
of taxes and rentals, and the performance of all other
actions which may be necessary in that regard and in
order to keep such mineral claims free and clear of all
liens and other charges arising from the Optionor's
activities thereon except those at the time contested
in good faith by the Optionor;
(b) record all exploration work carried out on the
Property by the Optionor as assessment work;
-10-
(c) permit the directors, officers, employees and
designated consultants of the Optionee, at their own
risk and expense, access to the Property at all
reasonable times, and the Optionee agrees to indemnify
the Optionor against and to save it harmless from all
costs, claims, liabilities and expenses that the
Optionor may incur or suffer as a result of any injury
(including injury causing death) to any director,
officer, employee or designated consultant of the
Optionee while on the Property;
(d) do all work on the Property in a good and
workmanlike fashion and in accordance with all applicable
laws, regulations, orders and ordinances of any governmental
authority;
(e) indemnify and save the Optionee harmless in
respect of any and all costs, claims, liabilities and expenses
arising out of the Optionor's activities on the
Property, but the Optionor shall incur no obligation
hereunder in respect of claims arising or damages
suffered after termination of the Option if upon
termination of the Option any workings on or
improvements to the Property made by the Optionor are
left in a safe condition;
(f) permit the Optionee, at its own expense, reasonable
access to the results of the work done on the Property
during the last completed calendar year;
(g) deliver to the Optionee, forthwith upon receipt
thereof, copies of all reports, maps, assay results and
other technical data compiled by or prepared at the
direction of the Optionor with respect to the Property.
TERMINATION OF OPTION BY OPTIONEE
---------------------------------
7. (a) The Option shall terminate:
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(i) upon the Optionee failing to incur or make any
expenditure or payment which must be incurred or
made in exercise of the Option; or
(ii) at any other time, by the Optionee giving notice
of such termination to the Optionor.
(b) If the Option is terminated the Optionee shall:
(i) leave in good standing for a period of
at least 6 months from the termination of the Option Period
those mineral claims comprising the Property;
(ii) deliver or make available at no cost
to the Optionor within 90 days of such termination, all
drill core, copies of all reports, maps, assay
results and other relevant technical data compiled
by, prepared at the direction of, or in the
possession of the Optionee with respect to the
Property and not theretofore furnished to the
Optionor.
POWER TO CHARGE PROPERTY
------------------------
8. At any time after the Optionee has exercised the
Option, the Optionee may grant mortgages, charges or liens (each
of which is herein called a "mortgage") of and upon the Property
or any portion thereof, any mill or other fixed assets located
thereon, and any or all of the tangible personal property located
on or used in connection with the Property to secure financing of
development of the Property, provided that, unless otherwise
agreed to by the Optionor, it shall be a term of each mortgage
that the mortgagee or any person acquiring title to the Property
upon enforcement of the mortgage shall hold the same subject to
the right of the Optionor to receive the Royalty hereunder as if
the mortgagee or any such person had executed this Agreement.
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TRANSFERS
---------
9. (a) The Optionee may at any time either during
the Option Period or thereafter, sell, transfer or otherwise
dispose of all or any portion of its interest in and to
the Property and this Agreement provided that any
purchaser, grantee or transferee of any such interest
shall have first delivered to the Optionor its
agreement relating to this Agreement and to the
Property, containing:
(i) a covenant to perform all the obligations
of the Optionee to be performed under this Agreement in
respect of the interest to be acquired by it from
the Optionee to the same extent as if this Agreement
had been originally executed by such purchaser, grantee
or transferee; and
(ii) a provision subjecting any further sale,
transfer or other disposition of such interest in the
Property and this Agreement or any portion thereof
to the restrictions contained in this paragraph (a).
(b) No assignment by the Optionee of any interest
less than its entire interest in this Agreement and in the
Property shall, as between the Optionee and the
Optionor, discharge it from any of its obligations
hereunder, but upon the transfer by the Optionee of the
entire interest at the time held by it in this
Agreement, whether to one or more transferees and
whether in one or in a number of successive transfers,
the Optionee shall be deemed to be discharged from all
obligations hereunder save and except for the
fulfillment of contractual commitments accrued due
prior to the date on which the Optionee shall have no
further interest in this Agreement.
(c) If the Optionor should receive a bona fide
offer from an independent third party (the "Proposed Purchaser")
dealing at arm's length with the Optionor to purchase
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all or a part of its interest in the Property, which
offer the Optionor desires to accept, or if the
Optionor intends to sell all or a part of its interest
in the Property:
(i) The Optionor shall first offer (the "Offer")
such interest in writing to the Optionee upon terms no
less favourable than those offered by the Proposed Purchaser
or intended to be offered by the Optionor, as the case may be.
(ii) The Offer shall specify the price, terms and
conditions of such sale, the name of the Proposed Purchaser
and shall, in the case of an intended offer by the Optionor,
disclose the person or persons to whom the Optionor intends to
offer its interest and, if the offer received by the
Optionor from the Proposed Purchaser provides for any
consideration payable to the Optionor otherwise than in cash,
the Offer shall include the Optionor's good faith estimate of
the cash equivalent of the non-cash consideration.
(iii) If within a period of 60 days of the
receipt of the Offer the Optionee notifies the Optionor in
writing that it will accept the Offer, the Optionor shall
be bound to sell such interest to the Optionee on the terms
and conditions of the Offer. If the Offer so accepted
by the Optionee contains the Optionor's good faith estimate
of the cash equivalent of the non cash consideration as
aforesaid, and if the Optionee disagrees with the
Optionor's best estimate, the Optionee shall so
notify the Optionor at the time of acceptance and
the Optionee shall, in such notice, specify what
it considers, in good faith, the fair cash
equivalent to be and the resulting total purchase
price. If the Optionee so notifies the Optionor,
the acceptance by the Optionee shall be effective
and binding upon the Optionor and the Optionee,
and the cash equivalent of any such non-cash
-14-
consideration shall be determined by binding
arbitration and shall be payable by the Optionee,
subject to prepayment as hereinafter provided,
within 60 days following its determination by
arbitration. The Optionee shall in such case pay
to the Optionor, against receipt of an absolute
transfer of clear and unencumbered title to the
interest of the Optionor being sold, the total
purchase price which is specified in its notice to
the Optionor and such amount shall be credited to
the amount determined following arbitration of the
cash equivalent of any non-cash consideration.
(iv) If the Optionee fails to notify the
Optionor before the expiration of the time limited
therefor that it will purchase the interest offered,
the Optionor may sell and transfer such interest to
the Proposed Purchaser at the price and on the
terms and conditions specified in the Offer for a
period of 60 days, but the terms of this paragraph
shall again apply to such interest if the sale to
the Proposed Purchaser is not completed within
such 60 days.
(v) Any sale hereunder shall be conditional upon the
Proposed Purchaser delivering a written
undertaking to the Optionee, in form and substance
satisfactory to its counsel, to be bound by the
terms and conditions of this Agreement.
SURRENDER OF PROPERTY INTERESTS PRIOR TO TERMINATION OF AGREEMENT
-----------------------------------------------------------------
10. The Optionor may at any time during the Option Period
elect to abandon any one or more of the mineral claims comprised
in the Property by giving notice to the Optionee of such
intention. Any claims so abandoned shall be in good standing
under the laws of the jurisdiction in which they are situate for
at least 6 months from the date of abandonment. Upon
-15-
any such abandonment, the mineral claims so abandoned shall
for all purposes of this Agreement cease to form part of the
Property.
AREA OF COMMON INTEREST
-----------------------
11. If the Optionee and/or associated companies acquires,
through staking, properties located within the following area of
influence; extending one and a half ("1.5") miles in an easterly,
northerly and westerly direction, and two ("2") miles in a
southerly direction from the perimeter of the Property, these
properties will be included under the terms of this Agreement.
FORCE MAJEURE
-------------
12. (a) If the Optionor is at any time either during the Option
Period or thereafter prevented or delayed in complying
with any provisions of this Agreement by reason of
strikes, lock-outs, labour shortages, power shortages,
fuel shortages, fires, wars, acts of God, governmental
regulations restricting normal operations, shipping
delays or any other reason or reasons, other than lack
of funds, beyond the control of the Optionee, the time
limited for the performance by the Optionee of its
obligations hereunder shall be extended by a period of
time equal in length to the period of each such
prevention or delay, but nothing herein shall discharge
the Optionee from its obligations hereunder to maintain
the Property in good standing;
(b) The Optionee shall give prompt notice to the Optionor
of each event of force majeure and upon cessation of
such event shall furnish to the Optionor with notice to
that effect together with particulars of the number of
days by which the obligations of the Optionee hereunder
have been extended by virtue of such event of force
majeure and all preceding events of force majeure.
CONFIDENTIAL INFORMATION
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13. No information furnished by the Optionee to the
Optionor hereunder in respect of the activities carried out on the
Property by the Optionee shall be published or disclosed by the
Optionor without the prior written consent of the Optionee, but
such consent in respect of the reporting of factual data shall not
be unreasonably withheld, and shall not be withheld in respect of
information required to be publicly disclosed pursuant to
applicable securities or corporation laws, regulations or
policies.
ARBITRATION
-----------
14. (c) All questions or matters in dispute under this
Agreement shall be submitted to arbitration pursuant to
the terms hereof.
(d) It shall be a condition precedent to the right
of any party to submit any matter to arbitration pursuant to
the provisions hereof, that any party intending to
refer any matter to arbitration shall have given not
less than 10 days' prior notice of its intention to do
so to the other party, together with particulars of the
matter in dispute. On the expiration of such 10 days,
the party who gave such notice may proceed to refer the
dispute to arbitration as provided in paragraph (c).
(e) The party desiring arbitration shall appoint one
arbitrator, and shall notify the other party of such
appointment, and the other party shall, within 15 days
after receiving such notice, either consent to the
appointment of such arbitrator which shall then carry
out the arbitration or appoint an arbitrator, and the
two arbitrators so named, before proceeding to act,
shall, within 30 days of the appointment of the last
appointed arbitrator, unanimously agree on the
appointment of a third arbitrator to act with them and
be chairman of the arbitration herein provided for. If
the other party shall fail to appoint an arbitrator
within 15 days after receiving notice of the
appointment of the first arbitrator, the first
arbitrator shall be the only arbitrator. If the two
arbitrators appointed by the parties shall be unable to
-17-
agree on the appointment of the chairman, the chairman
shall be appointed under the provisions of the
Commercial Arbitration Act of British Columbia. Except
as specifically otherwise provided in this section, the
arbitration herein provided for shall be conducted in
accordance with such Act. The chairman, or in the case
where only one arbitrator is appointed, the single
arbitrator, shall fix a time and place in Vancouver,
British Columbia, for the purpose of hearing the
evidence and representations of the parties, and he
shall preside over the arbitration and determine all
questions of procedure not provided for under such Act
or this section. After hearing any evidence and
representations that the parties may submit, the single
arbitrator, or the arbitrators, as the case may be,
shall make an award and reduce the same to writing, and
deliver one copy thereof to each of the parties. The
expense of the arbitration shall be paid as specified
in the award.
(f) The parties agree that the award of a majority
of the arbitrators, or in the case of a single arbitrator, of
such arbitrator, shall be final and binding upon each
of them.
DEFAULT
-------
15. If at any time during the Option Period the Optionee
is in default of any provision in this Agreement (other than the
provisions of sub-paragraph 4(b) for which no notice of default
need be given), the Optionor may terminate this Agreement, but
only if:
(g) it shall have first given to the Optionee a notice of
default containing particulars of the obligation which
the Optionee has not performed, or the warranty
breached; and
-18-
(h) the Optionee has not, within 45 days following
delivery of such notice of default, cured such default or
commenced proceedings to cure such default by
appropriate payment or performance, the Optionee hereby
agreeing that should it so commence to cure any default
it will prosecute the same to completion without undue
delay.
Should the Optionee fail to comply with the provision
of sub-paragraph (b), the Optionor may thereafter terminate this
Agreement by giving notice thereof to the Optionee.
RULE AGAINST PERPETUITIES
-------------------------
16. If any right, power or interest held by or to be
acquired by any party in the Property under this Agreement would
violate the rule against perpetuities, then such right, power or
interest shall terminate at the expiration of 20 years after the
date of this Agreement.
NOTICES
-------
17. Each notice, demand or other communication required or
permitted to be given under this Agreement shall be in writing and
shall be delivered, telegraphed or telecopied to such party at the
address for such party specified above. The date of receipt of
such notice, demand or other communication shall be the date of
delivery thereof if delivered or telegraphed or, if given by
telecopier, shall be deemed conclusively to be the next business
day. Either party may at any time and from time to time notify
the other party in writing of a change of address and the new
address to which notice shall be given to it thereafter until
further change.
GENERAL
-------
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18. (i) This Agreement shall supersede and replace any
other agreement or arrangement, whether oral or written,
heretofore existing between the parties in respect of
the subject matter of this Agreement.
(j) No consent or waiver expressed or implied by either
party in respect of any breach or default by the other
in the performance by such other of its obligations
hereunder shall be deemed or construed to be a consent
to or a waiver of any other breach or default.
(k) The parties shall promptly execute or cause to be
executed all documents, deeds, conveyances and other
instruments of further assurance and do such further
and other acts which may be reasonably necessary or
advisable to carry out fully the intent of this
Agreement or to record wherever appropriate the
respective interest from time to time of the parties in
the Property.
(l) This Agreement shall enure to the benefit of and be
binding upon the parties and their respective
successors and permitted assigns.
(m) This Agreement shall be governed by and construed in
accordance with the laws of British Columbia and shall
be subject to the approval of all securities regulatory
authorities having jurisdiction.
(n) Time shall be of the essence in this Agreement.
(o) Wherever the neuter and singular is used in this
Agreement it shall be deemed to include the plural,
masculine and feminine, as the case may be.
(p) Any reference in this Agreement to currency shall be
deemed to be U.S. currency.
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IN WITNESS WHEREOF the parties hereto have executed this Agreement
as of the day and year first above written.
THE CORPORATE SEAL OF )
KLEINEBAR RESOURCES LTD. )
was hereunto affixed in the )
presence of: )
) C/S
\s\ Xxxxxx Xxxxxxx )
------------------------- )
)
------------------------- )
)
SIGNED, SEALED AND DELIVERED )
BY XXXX XXXXXXXXX in the )
presence of: )
)
\s\ Xxxxxx X. Xxxxxxxxx ) \s\ Xxxx Xxxxxxxxx
------------------------- ) ----------------------
) Xxxx Xxxxxxxxx
------------------------- )
)
SIGNED, SEALED AND DELIVERED )
BY XXXX XXXXXXXX in the )
presence of: )
)
\s\ Xxxxxx Xxxxx Xxxxxxxx ) \s\ Xxxx Xxxxxxxx
------------------------- ) ----------------------
) Xxxx Xxxxxxxx
)
RECON RUBBER CORPORATION
per: \s\ J. Xxxxxxx Xxxxxx
--------------------------
SCHEDULE "A"
------------
-----------------------------------------------------------
CLAIM NAME DATE LOCATED BLM # Location # of
Clms
-----------------------------------------------------------
NYC 1,3,5,7, October 17, 1998 Sec 33,34 7
9,11,13 T8N R35E
-----------------------------------------------------------
NYC 2,4,6,8, October 17, 1998 Sec 33, 7
10,12,14 T8N R35E
-----------------------------------------------------------
NYC 35 October 17, 0000 Xxx 0, 0
X0X X00X
-----------------------------------------------------------
NYC 36 October 17, 0000 Xxx 0, 0
X0X X00X
-----------------------------------------------------------
NYC 37 October 17, 0000 Xxx 00, 0
X0X X00X
-----------------------------------------------------------
NYC 38 October 17, 0000 Xxx 00, 0
X0X X00X
-----------------------------------------------------------
NYC 39,40 October 17, 0000 Xxx 00, 0
X0X X00X
-----------------------------------------------------------
20
-----------------------------------------------------------
-----------------------------------------------------------
CLAIM NAME DATE LOCATED BLM # Location # of
Clms
-----------------------------------------------------------
NYC 15-18 October 16, 1998 Sec 6 4
T7N R35E
-----------------------------------------------------------
NYC 19-31 October 16, 0000 XXX 00 00
X0X X00X
-----------------------------------------------------------
17
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