RECITALS
1
EXHIBIT 10.21
LICENSE TO EXPLORE AND OPTION TO PURCHASE
THIS LICENSE TO EXPLORE AND OPTION TO PURCHASE ("LICENSE") is dated
and effective March 21, 1997 by and between Santa Fe Pacific Gold Corporation,
a Delaware corporation ("Licensor") and Uranco, Inc., a Delaware corporation
("Licensee").
RECITALS
A. The property interest which is the subject of this License is
described in Exhibit A to this License and shall be referred to as "Licensed
Premises" for purposes of this License unless otherwise specified.
B. Licensor wishes to allow Licensee to explore for uranium on
the Licensed Premises, all on the terms and conditions hereinafter set forth.
C. In consideration for the grant of the License and other
valuable consideration, Licensor shall require exploration by Licensee on the
Licensed Premises and other designated lands set forth in Exhibit B as to which
Licensor has conveyed the uranium estate to Licensee (the "Category II
Property"), all on the terms and conditions hereinafter set forth. The
Licensed Premises and the Category II Property shall be collectively referred
to herein as the "Exploration Property."
D. Licensor wishes to grant Licensee the option to purchase the
mineral estate owned by Licensor, (except coal in place, including development
or mining rights related to coal) in the Licensed Premises and to impose on
Licensee the obligation to purchase the mineral estate owned by Licensor,
(except coal in place, including development or mining rights related to coal)
before Licensee obtains any mining permit or performs any activities which
would require a mining permit on any portion of the Licensed Premises.
NOW, THEREFORE, for adequate consideration, the receipt and
sufficiency of which is hereby acknowledged, and in consideration for the
mutual promises of Licensor and Licensee stated in this License, Licensor and
Licensee agree as follows:
1. GRANT OF LICENSE.
a. Licensor hereby grants to Licensee, for a term of seventeen
(17) years, commencing on the date of the execution hereof, the exclusive right
to explore, sample and test the Licensed Premises for uranium and to use
geological, geophysical and geochemical data and interpretive data (except data
relating to coal, including the development or mining of coal), which has been
provided from Licensor to Licensee.
b. Licensor does not warrant the title to or quiet possession by
Licensee of the Licensed Premises or the uranium or any other minerals on or in
the Licensed Premises. Except
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as provided in that certain Agreement of Santa Fe Pacific Gold Corporation, as
Uranco, Inc. Shareholder and Uranium Resources, Inc. dated effective as of
March 25, 1997 (the "Shareholder Agreement") and under this License, Licensor
shall in no event become liable for damages arising from any lack or failure of
title in the Licensor to the Licensed Premises, the inability of Licensee to
explore for uranium or eviction of the Licensee from the Licensed Premises for
any reason.
c. The rights of Licensee under this License shall be subject to
the right of Licensor to use the Licensed Premises for any and all purposes not
detrimental to Licensee's use of the Licensed Premises for the purposes
permitted in Paragraph 1 of this License. Licensor may lease to third parties
the mineral estate other than uranium on the Exploration Property; provided,
however, that except for coal in place, including development or mining rights
related to coal, Licensor shall not sell any of the mineral estate on the
Exploration Property to any party except Licensee, its successors and assigns
until such time as Licensee's right and obligation to purchase the remaining
mineral estate is relinquished or terminated pursuant to the terms of this
License.
d. Licensee accepts this License subject to the aforesaid terms
and provisions and also subject to the terms and provisions of the deed or
deeds by which Licensor reserved the minerals in the Licensed Property and all
other grants and encumbrances set forth in Exhibit C to this License.
2. LICENSEE'S OBLIGATIONS.
As a part of the consideration for the grant of this License, Licensee
agrees:
a. Assumption of Licensor's Obligations to Others: By commencing
operations on any part of the Licensed Premises, Licensee assumes all
obligations of Licensor related to or arising out of Licensee's operations, if
any, to the surface owner or third party minerals owners of that portion of the
Licensed Premises to be affected by such operation(s), and agrees to pay any
such third party surface and mineral owners for any and all damages for which
it or Licensor would be liable as a result of Licensee's operations. Any
amounts which Licensor shall be required to pay to any surface or mineral
owners by reason of the action or inaction of Licensee, its agents, employees,
subcontractors and representatives, related to or arising out of Licensee's
activities, shall be reimbursed to Licensor within thirty (30) days after
written demand for reimbursement is made by Licensor upon Licensee.
b. Approval of Agreements Affecting Licensor: To obtain
Licensor's approval of any proposed agreement prior to Licensee entering into
any permanent arrangement with any owner of the surface overlying any of the
Licensed Premises, which approval will not be unreasonably withheld.
c. Insurance: To carry and maintain at all times the following
insurance coverage which shall name Licensor as an additional named insured:
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(i) Worker's Compensation including Occupational
Disease with a minimum limit liability of $100,000
for Employers Liability or an amount required by
the State of New Mexico, whichever is higher;
(ii) Comprehensive General Liability with limits not
less than $1,000,000 combined single limit,
including:
(a) Blanket Contractual Liability
(b) Personal Injury
(c) Independent Contractors
(d) Removal of the "XCU" Exclusions;
(iii) Automobile Liability with limits not less than
$1,000,000 combined single limit including all
owned, non-owned and hired automobiles;
(iv) "All Risk" physical damage insurance on all
surface facilities,
(v) Excess Umbrella Liability coverage with limits of
not less than $5 million covering its operations
under this License.
Prior to January 1 of each year during the term, Licensee shall
provide to Licensor evidence that the required insurance is in effect.
d. OPERATIONS IN ACCORDANCE WITH LAW: To comply with all
applicable statutes, regulations, rules and orders of all governmental bodies
with jurisdiction over the Licensed Premises related to Licensee's operations
on the Licensed Premises, regardless of when they become or became effective,
including, without limitation, those relating to health, safety, noise,
environmental protection, waste disposal, and water and air quality. Licensee
shall furnish Licensor with satisfactory evidence of such compliance upon
request of Licensor. Should any discharge, leakage, spillage, emission or
pollution of any type occur upon or from the Licensed Premises due to
Licensee's use and occupance, Licensee, at its expense, shall clean and restore
the Licensed Premises to standards equal to or exceeding standards imposed by
any governmental body having jurisdiction over the Licensed Premises.
e. MINING PERMIT: Licensee shall not perform any activities which
require a mining permit on any portion of the Licensed Premises until the
Purchase Price has been paid and a deed as set forth in Paragraph 4 of this
License has been recorded.
f. DISCHARGE OF LIENS: To discharge, remove, satisfy and take all
other action to eliminate and prevent any and all liens and encumbrances,
except those existing prior to the date of this License or resulting from taxes
not yet due and payable, which attach to or are imposed against any interest
owned by Licensor in any portion of the Licensed Premises, that arise out of
Licensee's acts or omissions. If any person threatens any action which might
result in the imposition or attachment of any such lien or encumbrance,
Licensee shall, at its sole expense,
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take all reasonable action necessary to prevent the imposition or attachment of
any such lien or encumbrance. Licensee shall have the right to contest in good
faith the imposition of any such lien or encumbrance.
g. Upon purchase by Licensee pursuant to Section 4 of this
License of the remaining mineral estate (except coal in place, including
development or mining rights related to coal) in all or a portion of the
Licensed Premises, such property purchased shall no longer be subject to the
terms of this License, except for the provisions of Section 6 of this License.
3. MULTIPLE USE.
a. Licensee shall carry out all activities and operations on the
Exploration Property in a manner compatible with the multiple use of the
Exploration Property and shall avoid interference with the operations of any
third parties who began or begin operations on the Exploration Property before
Licensee. If Licensee knowingly encounters any minerals that are owned by a
party other than Licensor, Licensee shall report such substances in its
semi-annual report to Licensor pursuant to Paragraph 6 of this License and
shall take all reasonable steps necessary to prevent any waste of such
minerals. If any portion of the Exploration Property is determined to contain
any substance owned by a third party, and that third party desires to explore
for, develop, mine, remove or process such substance, Licensee shall in good
faith attempt to adjust the timing, planning, location and construction of its
operations to permit the exploration, development, mining, removing or
processing of the substance.
b. Licensor shall include a provision substantially similar to
3(a) herein in any grant of rights to any third party affecting any part of the
Exploration Property to the end that the obligations placed upon Licensee under
the terms hereof shall be mutually binding upon Licensee and any party
hereafter acquiring an interest in the lands within the Exploration Property.
4. GRANT OF OPTION TO PURCHASE AND OBLIGATION TO PURCHASE.
a. The "Spot Price" of uranium as used in this License shall mean
that price at which uranium may be purchased for delivery within one year, as
reported by TradeTech or its successor in interest or, in the absence of
TradeTech or a successor in interest, another accepted industry publication.
b. At such time as Licensee applies for a mining permit with
respect to any of the Licensed Premises or performs any activities which would
require a mining permit, Licensor shall have the right to require the Licensee
to purchase all of the mineral estate (except coal in place, including
development or mining rights related to coal) owned by Licensor in the Licensed
Premises which is the subject of a mining permit or activities which would
require a mining permit. The purchase price shall be $200 per acre (the
"Purchase Price"). Licensee shall purchase such portions of property as entire
sections of land, or as much of the section as is licensed pursuant to this
License. The Purchase Price shall be paid within 30 days after Licensor gives
notice to Licensee that it elects to exercise the option to require purchase.
The
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Purchase Price shall be increased by the same percentage as the percentage
increase in the Spot Price of uranium on the date of Licensor's exercise of
such option over $15.80 per pound. Upon payment of the full Purchase Price,
Licensor shall (i) execute and deliver to Licensee a deed in the form of
Exhibit D attached to this License which shall be made subject to all matters
of which Licensor has notice at the time of the conveyance, including but not
limited to the instruments set forth in Exhibit C attached to this License, and
(ii) convey title to all geological, geophysical and geochemical data and
interpretive data (except data relating to coal, including the development or
mining of coal) related to the mineral interests being conveyed.
c. Licensor grants to Licensee during the term of this License
the sole and exclusive option to purchase all of the remaining mineral estate
(except coal in place, including development or mining rights related to coal)
owned by Licensor in the Licensed Premises, or any part thereof, under the same
terms and conditions set forth in Section 4(b) of this Agreement, except that
Licensee shall not be obligated to apply for a mining permit before exercising
this option.
d. The exercise of this option as to a part of the Licensed
Premises shall not extinguish Licensee's option to thereafter acquire, from
time to time, all or any part of the remainder of the Licensed Premises.
5. EXPLORATION COMMITMENT.
a. Licensee shall expend not less than $200,000 per year in
exploration on the Exploration Property for License Years 1 through 10.
Licensee shall expend not less than $400,000 per year on the Exploration
Property for License Years 11 through 17. A License Year shall run from the
date this License is signed and each anniversary of that date through the day
preceding the anniversary date of the signing of this License. A breach of
Licensee's obligation to perform the exploration requirements set forth in this
Paragraph 5 shall only give rise to a right by Santa Fe to terminate this
License and shall not give rise to any other remedies in law or in equity.
b. Additionally, if the Spot Price for uranium shall exceed $25
per pound for any consecutive twelve-month period, Licensee shall spend on
exploration (or pay to Licensor) during the 5 years following an aggregate of
$5 million on the Licensed Premises. In the event that the Spot Price for
uranium shall exceed $30 per pound for any twelve-month period, Licensee shall
commit to spend on exploration (or shall pay Licensor) during the following 5
years an aggregate of $10 million on the Licensed Premises, (All expenditures
on exploration required pursuant to this Paragraph 5 shall be referred to
herein as the "Exploration Expenditures").
c. Licensee shall have the right to credit any Exploration
Expenditures in one year in excess of required amounts to future years. The
requirements for Exploration Expenditures shall be separate from any amounts
paid for the purchase of the uranium or mineral estate from Licensor, and any
such purchase price shall not be credited toward the Exploration Expenditures.
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The obligations in this Section 5 regarding Exploration Expenditures shall
terminate upon the termination of this License.
d. Licensee shall determine the manner, places and means by which
Licensee makes Exploration Expenditures. Such Exploration Expenditures shall
be made and conducted reasonably in accordance with mining industry standards.
6. [ ]
7. INSPECTION OF LICENSED PREMISES, BOOKS AND RECORDS OF LICENSEE.
Licensor or its authorized representatives may enter, during ordinary
business hours, into or upon all parts of the Licensed Premises for the
purposes of making inspections or visual surveys or taking samples. Licensee
shall, at Licensee's cost, assist Licensor or its representatives in the
conduct of any inspections, visual surveys or samplings. Licensee shall
furnish summary reports to Licensor, including maps, drill hole logs and
reports showing all factual data concerning exploration activities on the
Exploration Property, including, but not limited to, amounts spent on
exploration. Licensee shall furnish such reports at semiannual intervals on
January I and July 1 of each year of the License. Each report shall be
complete as of the preceding calendar half. Licensee shall maintain complete
and accurate books and records of Licensee's activities on or related to the
Exploration Property and the exploration or discovery of uranium or other
minerals and amounts expended in exploration. Licensor shall have the right to
inspect, review and copy, at Licensor's expense, during ordinary business
hours, all books and records related to Licensee's activities on the
Exploration Property. While Licensee shall faithfully and truthfully report to
Licensor the information required by this paragraph, no liability will be
incurred by Licensee because of the inaccuracy of any analysis or
interpretation of any such information or the inadvertent omission of any
information, the omission of which will not make the information furnished
substantially misleading. The requirements of this section are not applicable
to any portion of the Licensed Premises purchased by Uranco pursuant to this
License after the date it is purchased.
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8. LICENSEE'S INDEMNIFICATION OF LICENSOR.
a. Licensee shall indemnify, hold harmless and defend Licensor
against all liability, cost and expense (including without limitation any
fines, penalties, judgments, third party claims, litigation cost and attorney
fees) incurred by Licensor as a result of:
(i) the use of the Exploration Property by Licensee,
its agents, employees or invitees; or any
discharge, leakage, spillage, emission or
pollution, caused by Licensee's operation on the
Licensed Premises, regardless of whether such
liability, cost or expense arises during or after
the term of this License.
(ii) Licensee's breach of any provision of this License.
b. Licensee shall pay all amounts due Licensor under this
Paragraph within 30 days after any such amounts become due and, upon failure to
make such payment within such time, all amounts due shall become a lien upon
all property of the Licensee upon the Licensed Premises.
c. Licensor may post notices of non-liability on the Licensed
Premises to the extent that such posting is permitted by applicable law, and
Licensee shall not disturb or damage any of Licensor's postings.
9. LIMITATION ON INDEMNIFICATION.
a. To the extent, if at all, that a court of competent
jurisdiction determines that XXXX 0000, Section 56-7-2 (Repl. Pamp. 1996)
applies to any provision of this Agreement, then any and all provisions of
indemnification shall not indemnify any indemnitee against loss or damages,
for:
(i) death of bodily injury to persons; or
(ii) injury to property; or
(iii) any other loss, damage or expense arising under
(i) or (ii) or both; or
(iv) any combination of these, arising from the sole or
concurrent negligence of the indemnitee or the
agents or employees of the indemnitee or any
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independent contractor who is directly responsible
to the indemnitee, or from any accident which
occurs in operations carried on at the direction
or under the supervision of the indemnitee or an
employee or representative of the indemnitee or in
accordance with methods and means specified by the
indemnitee or employees or representations of the
indemnitee.
b. To the extent, if at all, that a court of competent
Jurisdiction determines that XXXX 0000, Section 56-7-1 applies to the
indemnification set forth in this License, the indemnification does not apply
to liability, claims, damages, losses or expenses, including attorney fees
arising out of:
(i) the preparation or approval of maps, drawings,
opinions, reports, surveys, change orders, designs
or specifications by the indemnitee, or the agents
or employees of the indemnitee; or
(ii) the giving of or failure to give directions or
instructions by the indemnitee, or the agents or
employees of the indemnitee, where such giving or
failure to give directions or instructions is the
primary cause of bodily injury to persons or
damage to property.
10. LICENSEE'S OBLIGATIONS UPON SURRENDER.
Upon expiration, termination or cancellation of this License, Licensee
shall surrender the Licensed Premises in good order and condition and with
respect to Licensee's operations conducted thereon, in compliance with all
governmental laws, ordinances, rules, regulations, requirements and orders
affecting conditions or the activities of Licensee on the Licensed Premises,
including, but not limited to, those relating to conservation of lands and
waters and air and water quality, which are in effect and become effective
during the term hereof. Licensee shall have 3 months from the date of
expiration, termination or cancellation to remove all its machinery, tools,
facilities and improvements from the Licensed Premises; provided, however, that
no tools, machinery, facilities or improvements shall be removed while Licensee
may be in any manner indebted to Licensor under any obligation imposed by this
License. Licensee shall also post appropriate warning signs at or near all
surface openings created by it and provide such other safeguards to persons and
property.
11. NOTICES.
a. Any notice to be given by Licensor to Licensee shall be
property served when addressed to Uranco, Inc., c/o Uranium Resources, Inc. at
00000 Xxxxx Xxxxx, Xxxxx 0000, Xxxxxx, Xxxxx 00000, Attn: President or any
other address Licensee provides in writing to Licensor.
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With a copy to Xxxxxx X. Xxxxxxxxx, Xxxxx and Xxxxxxxxx LLP,
000 Xxxx 00xx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000-0000.
With a copy to X.X. Xxxxxx, Xxxxxx and Xxxxxx, Xxxxx 0000,
Xxxxx Xxxx Xxxxx, Xxxxxx Xxxxxxx, Xxxxx 00000.
b. Any notice to be given by Licensee to Licensor shall be
properly served when addressed to Santa Fe Pacific Gold Corporation, 0000
Xxxxxx Xxxxxxxxx, XX, Xxxxx 000, Xxxxxxxxxxx, Xxx Xxxxxx 00000, Attn: Xxxxx
Xxxxx or any other address Licensor provides in writing to Licensee.
With a copy to Modrall, Sperling, Xxxxx, Xxxxxx & Xxxx, P.A.,
P. 0. Xxx 0000, Xxxxxxxxxxx, Xxx Xxxxxx 00000, Attn: Xxxx X. Xxxxxx.
c. Notices shall be effective upon personal delivery or other
receipt by either party.
12. LICENSEE NOT RELEASED BY TERMINATION.
No termination, expiration or cancellation of this License shall
release Licensee from any liability or obligation under this License, whether
of indemnity or otherwise, resulting from or relating to any acts, omissions or
events happening prior to the date of termination, expiration or cancellation,
except that the requirements to pay Exploration Expenditures terminate upon
termination of the License.
13. EVENTS OF DEFAULT.
a. If Licensee (i) performs any actions which give rise to the
need for a mining permit pursuant to any applicable law without obtaining a
mining permit, (ii) releases hazardous substance or waste, as those terms are
defined in any applicable federal, state or local law or ordinance, on the
Licensed Premises, (iii) contaminates ground or surface water so that it does
not meet drinking water standards of applicable law, (iv) causes harm to an
endangered species as defined in applicable law, or (v) fails to comply with
any term or condition of this License or fulfill any obligation under this
License, including without limitation Section 2(d) and Section 3(a) of this
License (other than failure to make a payment of money when due), Licensee is
in default under the terms of this License. If Licensee fails to cure such
default within 30 days after the completion of the conference set forth in
Section 18 herein and the receipt of notice from Licensor specifying the nature
of the default, Licensor may cancel this License by written notice to Licensee.
If the default cannot be completely corrected within the 30 day period, this
License shall not be cancelled, provided Licensee commences correction or
mitigation of the default fall within the 30 day period and thereafter proceeds
with reasonable diligence and in good faith and effects the remedy as soon as
practicable.
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b. In the event correction is not reasonably possible, adequate
mitigation satisfactory to Licensor which is commenced and completed pursuant
to Section 13a of this License shall be accepted as a cure for default.
c. If Licensee fails to make any payment of money to Licensor
when due, Licensor may cancel this License upon written notice to Licensee and
Licensee's failure to pay the full amount due within 30 days after Licensee's
receipt of Licensor's notice. In no event shall cancellation be the exclusive
remedy of Licensor.
d. Commercial frustration, commercial impracticability or the
occurrence of unforeseen events, rendering performance of this License
uneconomical, shall not constitute an excuse of nonperformance of any
obligation imposed by this License. In the event Licensor or Licensee is
prevented from performing any obligations under this License other than payment
of money, by an event or occurrence which is beyond the reasonable control of
the prevented party and which cannot reasonably be overcome through the
exercise of due diligence, performance of that obligation shall be excused for
so long as the effects of the event or occurrence prevent performance.
14. CONTINUATION OF PERFORMANCE DURING PERIOD OF BREACH.
Licensor and Licensee shall continue to perform and not withhold
performance during periods of breach. Continuation of performance, including
the receipt of any payment by a nonbreaching party with knowledge of the
breach, shall not constitute a waiver of any rights under this License.
Notwithstanding the foregoing, if Licensee breaches this License, Licensor may
seek to obtain appropriate judicial action, including restraining orders,
injunctions and other decrees, to prevent Licensee from continuing operations
on the Licensed Premises which cause or imminently threaten to cause
irreparable damage to the Licensed Premises or waste of minerals.
15. CHOICE OF LAW AND CHOICE OF FORUM.
This License shall be governed by and construed in accordance with the
internal law of the State of New Mexico without giving effect to conflicts of
law principles thereof. Licensor and Licensee agree that all litigation
arising out of or related to this License for the performance or
non-performance of actions contemplated by this License shall be brought in a
federal or state court of competent jurisdiction within the state of New
Mexico. Licensor and Licensee consent to Jurisdiction of such a court. In any
action or proceeding brought to enforce any provision of this License, or where
any provision hereof is validly asserted as a defense, the prevailing party
shall be entitled to recover reasonable attorneys' fees in addition to any
other available remedy.
16. ASSIGNMENT OF LICENSE.
Licensee shall not assign its rights and/or obligations under this
License without the prior written consent of Licensor, which consent shall not
be unreasonably withheld.
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17. MODIFICATION OF LICENSE.
Only written modification of this License duly authorized and signed
by Licensor and Licensee shall be effective. No writing shall constitute a
modification unless the writing is expressly identified as a modification with
specific reference to the provisions of this License to be modified. No
modification shall be effective prior to the date the modification is signed by
Licensor and Licensee, unless the modification expressly provides.
18. EXECUTIVE CONFERENCE.
In the event of any dispute arising between the parties regarding
matters set forth in this License, the parties agree that before a request for
relief is filed in a court of law or this License is terminated for an Event of
Default, an executive from each party with the authority to address and attempt
to resolve the dispute will meet in an attempt to reach a resolution of the
dispute satisfactory to both parties. This provision shall not be construed to
require a meeting with any third parties, such as a mediator or arbitrator.
19. INTEGRATION CLAUSE.
This License is entered into by the parties in connection with a
transaction involving the transfer of common stock of Licensee owned by
Licensor to Uranium Resources, Inc. ("URI") in exchange for common stock of
URI, the grant by URI to Licensor of registration rights with respect to the
stock of URI to be issued to Licensor, the grant by Licensor to Licensee of a
license to explore and an option to purchase in exchange for certain
commitments by Licensee, and the guarantee by URI of certain obligations of
Licensee to Licensor. In order to effect this transaction, certain of the
parties have contemporaneously entered into certain agreements, specifically,
the Stock Exchange Agreement and Plan of Reorganization (URI and Licensee), the
Agreement of SFPG as Uranco Shareholder and Guarantee of URI (Licensor and
URI); the License to Explore and Option to Purchase (Licensor and Licensee);
and the Registration Rights Agreement (Licensor and URI). All of such
agreements, together with all exhibits or schedules thereto and documents
delivered pursuant thereto, contain the entire agreement among the parties with
respect to the contemplated transaction, and shall supersede all previous
writings and all previous or contemporaneous oral negotiations, commitments,
and understandings.
20. MEMORANDUM OF LICENSE.
Contemporaneously with executing this License, Licensor and Licensee
shall execute a Memorandum of License setting forth certain provisions of this
License, and either party may choose to record such Memorandum.
21. COUNTERPARTS.
This License may be executed in any number of counterparts, each of
which shall be deemed to be an original.
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LICENSOR:
SANTA FE PACIFIC GOLD CORPORATION
By:/s/ Xxxxx X. Xxxxxx
------------------------------
Title: Senior Vice President -
------------------------
Corporate Development
------------------------
LICENSEE:
URANCO, INC.
By:/s/ Xxxxx X. Xxxxxx
------------------------------
Title:President
---------------------------
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LIST OF EXHIBITS TO BE ATTACHED:
Exhibit A Description of Licensed Premises
Exhibit B Description of Category II Property
Exhibit C Matters to Which the License is Made Subject
Exhibit D Form of Deed
Exhibit E Instruments Granting Surface Rights and Retaining
Mineral Rights
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EXHIBIT A
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
CATEGORY 3 LANDS
(REVISED 03/10/97)
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
MERIDIAN: NMPM ACRES
-----
Township 17 North, Range 5 West
-------------------------------
Section 5 XXXX 0-0,X/0 XX/0, X/0 XX/0, XX/0, XX/0 639.68
Section 7 LOTS 1-4, E/2, E/2 W/2 649.16
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 647.16
Section 19 LOTS 1-4, E/2, E/2 W/2 644.48
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 641.44
Section 31 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 639.76
Section 32 S/2 SW/4 80.00
Section 33 ALL 640.00
Township 19 North, Range 5 West
-------------------------------
Section 19 LOTS 1, 2, E/2 NW/4 162.06
A-1
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COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Xxxxxxx 00 XXXX 0, 0, X/0 XX/0 162.02
Section 29 ALL 640.00
Section 30 ALL 645.24
Section 31 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 649.04
Section 33 ALL 640.00
Township 14 North, Range 6 West
-------------------------------
Section 5 XXXX 0-0, X/0 X/0, X/0 000.00
Xxxxxxxx 00 Xxxxx, Range 6 West
-------------------------------
Xxxxxxx 0 XXXX 0, 0, XX/0 XX/0 102.24
Xxxxxxx 0 XXXX 0, 0, 0, XX/0, XX/0 SE/4, W/2 611.13
Section 7 LOTS 1-4, NE/4 NW/4, W/2 NW/4 237.80
Xxxxxxx 0 XXX 0 14.66
Section 15 LOTS 1-4 142.76
Section 17 XXX 0 0.00
Xxxxxxx 00 XXXX 0-0, X/0 SE/4 357.96
Section 19 LOTS 1-4 114.38
Section 19 SE/4 SE/4 40.00
Section 21 ALL 640.00
Section 22 SE/4, W/2 480.00
Section 23 ALL 640.00
Section 27 ALL 640.00
Section 29 LOTS 1-4 28.00
Section 29 LOTS 5-8, W/2 E/2, W/2 666.40
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COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 31 ALL 640.00
Section 33 N-E/4, W/2 480.00
Township 16 North, Range 6 West
-------------------------------
Section 1 ALL 640.00
Section 3 ALL 640.00
Section 4 ALL 640.00
Section 5 LOTS 1-4,W/2 E/2, W/2 584.00
Section 5 LOTS 5-8 45.16
Section 6 ALL 640.00
Section 7 LOTS 1-4,E/2 NW/4, E/2 SW/4, NE/4, SE/4 639.46
Section 8 ALL 628.56
Section 9 ALL 640.00
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 13 ALL 640.00
Section 14 NE/4, N/2 SE/4 240.00
Section 15 ALL 640.00
Section 17 LOTS 1-4, W/2 E/2 267.40
Section 17 W/2 320.00
Section 17 LOTS 5-8 42.12
Section 18 ALL 638.66
Section 19 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 639.84
Section 20 ALL 632.20
A-3
17
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 21 W/2 320.00
Section 21 NE/4 160.00
Section 22 NE/4, W/2 480.00
Section 23 ALL 640.00
Section 25 LOTS 1-4, N/2, N/2 S/2 521.12
Section 26 LOTS 1-4, N/2, N/2 S/2 530.20
Section 27 LOTS 1-4, N/2, N/2 S/2 537.88
Section 28 N/2, N/2 SE/4 400.00
Section 29 XXXX 0-0, X/0 XX/0, XX/0, XX/0 XX/0, X/0 XX/0 582.82
Section 29 LOTS 8-14 131.60
Section 30 XXXX 0-0, 0-00, XX/0, X/0 XX/0, X/0 XX/0,
NE/4 SW/4 666.50
Section 31 ALL 640.00
Township 17 North, Range 6 West
-------------------------------
Section 1 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 640.72
Section 3 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 641.12
Section 4 ALL 641.12
Section 5 XXXX 0-0, XX/0 XX/0, X/0 XX/0, X/0 XX/0, XX/0 588.88
Section 5 LOTS 8-11 43.26
Section 6 ALL 641.44
Section 7 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 641.00
Section 12 ALL 640.00
Section 13 ALL 640.00
A-4
18
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Township 18 North, Range 6 West
-------------------------------
Section 1 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 640.28
Section 2 LOTS 1-4 160.98
Section 3 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 640.64
Section 4 ALL 640.76
Section 5 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 640.80
Section 6 ALL 638.76
Section 7 NE/4, E/2 SE/4 240.00
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 11 ALL 640.00
Section 13 W/2 W/2 160.00
Section 14 NE/4 160.00
Section 15 N/2 320.00
Section 17 NE/4, N/2 NW/4 240.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 633.20
Section 31 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 631.76
Section 32 ALL 640.00
Section 33 ALL 640.00
Section 35 ALL 640.00
A-5
19
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 36 N/2, SW/4 480.00
Township 19 North, Range 6 West
-------------------------------
Section 8 SE/4 160.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 639.44
Section 19 XXXX 0-0,-X/0 XX/0, X/0 XX/0, XX/0, SE/4 638.88
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 639.68
Section 31 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 639.28
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
A-6
20
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Township 15 North, Range 7 West
-------------------------------
Section 12 N/2 SW/4, SE/4 240.00
Section 12 S/2 SW/4, N/2 400.00
Township 17 North, Range 7 West
-------------------------------
Section 1 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 638.68
Section 3 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 642.40
Section 4 ALL 642.96
Section 5 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 643.80
Section 6 ALL 635.07
Section 7 XXXX 0-0, X/0 XX/0, X/0 XX/0, NE/4, SE/4 645.36
Section 8 ALL 640.00
Section 9 N/2, SE/4 480.00
Section 9 SW/4 160.00
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 644.24
Section 19 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 642.52
Section 20 ALL 640.00
A-7
21
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Xxxxxxx 00 X/0 XX/0, XX/0 XX/0, XX/0, S/2 600.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 640.88
Section 31 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, SE/4 640.20
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 18 North, Range 7 West
-------------------------------
Section 1 XXXX 0-0, X/0 XX/0, X/0 XX/0, XX/0, XX/0 639.60
Section 3 XXXX 0-0, X/0 XX/0, X/0 XX/0, S/2 636.40
Section 4 ALL 635.60
Section 5 XXXX 0-0, X/0 XX/0, X/0 XX/0, S/2 633.38
Section 9 NW/4 160.00
Section 19 XXXX 0-0, X/0 XX/0, X/0 XX/0, E/2 642.88
Section 20 ALL 640.00
Section 21 ALL 640.00
A-8
22
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 E/2 320.00
Section 31 XXXX 0-0, X/0 XX/0, X/0 XX/0, E/2 644.56
Section 32 ALL 640.00
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 19 North, Range 7 West
-------------------------------
Section 13 LOTS 1-4, W/2 NE/4, W/2 SE/4, W/2 635.96
Section 14 S/2, NE/4 480.00
Section 23 ALL 640.00
Section 25 LOTS 1-4, W/2 NE/4, W/2 SE/4, W/2 637.88
Section 27 SE/4 160.00
Section 29 ALL 640.00
Section 31 LOTS 1-14, NE/4, E/2 NW/4 692.02
Section 33 N/2 320.00
Section 33 LOTS 1-12 362.88
A-9
23
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 34 ALL 669.80
Section 35 XXXX 0-0, X/0 XX/0, X/0 XX/0, N/2 657.80
Township 20 North, Range 7 West
-------------------------------
Section 22 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 17 North, Range 8 West
-------------------------------
Section 1 LOTS 1-4, S/2 N/2, S/2 639.60
Section 2 ALL 639.04
Section 3 LOTS 1-4, S/2 N/2, S/2 637.12
Section 5 LOTS 1-4, S/2 N/2, S/2 636.88
Section 7 LOTS 1-4, E/2 W/2, E/2 637.56
Section 9 ALL 640.00
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 21 ALL 640.00
Section 22 ALL 640.00
A-10
24
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 18 North, Range 8 West
-------------------------------
Section 13 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 LOTS 1-4, E/2, E/2 W/2 637.40
Section 19 LOTS 1-4, E/2, E/2 W/2 638.18
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
A-11
25
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 638.66
Section 31 LOTS 1-4, E/2 W/2, E/2 628.48
Section 32 ALL 640.00
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 19 North, Range 8 West
-------------------------------
Section 4 ALL 621.87
Section 5 XXXX 0-0, X/0 XX/0, XX/0 XX/0, XX/0, X/0 XX/0 656.01
Section 6 ALL 624.29
Section 7 XXXX 0-0, XX/0, X/0 XX/0, X/0 XX/0, NE/4 SW/4 616.89
Section 8 ALL 647.46
Section 9 LOTS 1-4, E/2 NW/4 209.56
Section 17 ALL 640.00
Section 21 NE/4, N/2 SE/4, W/2 560.00
Township 20 North, Range 8 West
-------------------------------
Section 5 LOTS 1-4, S/2 N/2, S/2 642.00
Section 6 ALL 639.60
Section 7 LOTS 1-4, E/2 W/2, E/2 641.08
Section 8 ALL 640.00
Section 17 ALL 640.00
A-12
26
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 18 ALL 642.52
Section 19 LOTS 1-4, E/2 W/2, E/2 642.64
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 640.64
Section 31 LOTS 1-4, E/2 W/2, E/2 644.44
Section 33 ALL 640.00
Township 16 North, Range 9 West
-------------------------------
Section 18 ALL 620.56
Section 20 ALL 640.00
Township 17 North, Range 9 West
-------------------------------
Section 1 LOTS 1-11, XX/0 XX/0, X/0 XX/0, X/0 XX/0, XX/0, 675.87
LESS 11.928 ACRES IN NW/4 SW/4 AND W/2 NW/4
Section 1 11.928 ACRES IN NW/4 SW/4 AND W/2 NW/4 11.93
Section 3 LOTS 1-4, S/2 N/2, S/2 637.44
Section 4 ALL 637.92
Section 5 ALL 637.44
Section 6 ALL 628.36
Section 7 LOTS 1-4, E/2 W/2, E/2 628.64
Section 8 ALL 640.00
A-13
27
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 9 ALL 640.00
Section 10 ALL 640.00
Section 11 NE/4 160.00
Section 11 NW/4, S/2 480.00
Section 13 LOTS 1-8, W/2 E/2, W/2 686.12
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 632.56
Section 19 LOTS 1-4, E/2, E/2 W/2 636.16
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 686.68
Section 25 LOTS 1-8, W/2 E/2, W/2 688.28
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Township 18 North, Range 9 West
-------------------------------
Section 1 LOTS 1-4, S/2 N/2, S/2 640.36
Section 3 LOTS 1-4, S/2 N/2, S/2 639.76
A-14
28
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 5 LOTS 1-4, S/2 N/2, S/2 638.88
Section 6 ALL 664.77
Section 7 LOTS 1-4, E/2 W/2, E/2 669.40
Section 8 ALL 640.00
Section 9 S/2 320.00
Section 9 N/2 320.00
Section 11 ALL 640.00
Section 13 ALL 640.00
Section 15 ALL 640.00
Section 17 N/2 320.00
Section 17 S/2 320.00
Xxxxxxx 00 XXXX 0, 0, XX/0, E/2 NW/4 336.17
Section 18 XXXX 0, 0, XX/0, X/0 XX/0 337.23
Section 19 LOTS 1-4, E/2 W/2, E/2 677.92
Section 21 ALL 640.00
Section 23 ALL 640.00
Section 25 ALL 640.00
Section 27 ALL 640.00
Section 29 ALL 640.00
Section 30 LOTS 1-4, E/2 W/2, E/2 682.32
Section 31 LOTS 1-4, E/2, E/2 W/2 686.44
Section 33 ALL 640.00
Section 35 ALL 640.00
A-15
29
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Township 19 North, Range 9 West
-------------------------------
Section 1 LOTS 1-4, S/2 N/2, S/2 639.08
Section 4 ALL 641.44
Section 5 LOTS 1-4, S/2 N/2, S/2 642.28
Section 6 ALL 645.29
Section 7 LOTS 1-4, E/2, E/2 W/2 646.72
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 649.92
Section 19 LOTS 1-4, E/2, E/2 W/2 653.84
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 XXXX 0, 0, X/0, X/0 X/0 569.41
Section 31 LOTS 1-4, E/2, E/2 W/2 661.76
Section 33 ALL 640.00
Township 20 North, Range 9 West
-------------------------------
Section 1 XXXX 0-0, X/0 X/0, X/0 000.00
Xxxxxxx 0 XX/0 SE/4, S/2 SE/4 120.00
Section 3 LOTS 1-4, S/2 N/2, S/2 643.40
Section 5 LOTS 1-4, S/2 N/2, SE/4 483.76
A-16
30
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Xxxxxxx 0 XXXX 0, 0, X/0 XX/0 154.64
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 S/2 320.00
Xxxxxxx 00 XXXX 0-0, XX/0, E/2 W/2 471.32
Section 19 LOTS 1-4, E/2, E/2 W/2 634.60
Section 20 S/2 320.00
Section 20 N/2 320.00
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 29 ALL 640.00
Section 31 LOTS 1-4, E/2, E/2 W/2 640.36
Section 33 ALL 640.00
Section 34 ALL 640.00
A-17
31
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 35 ALL 640.00
Township 16 North, Range 10 West
--------------------------------
Section 3 ALL 625.92
Section 11 ALL 640.00
Section 13 ALL 640.00
Township 17 North, Range 10 West
--------------------------------
Section 1 LOTS 1-4, S/2 N/2, S/2 639.44
Section 2 LOTS 1-4, S/2 N/2, S/2 638.56
Section 3 LOTS 1-4, S/2 N/2, S/2 638.08
Section 4 LOTS 1-4, S/2 N/2, S/2 638.48
Section 5 LOTS 1-4, S/2 N/2, S/2 638.72
Section 6 XXXX 0-0, X/0 XX/0, XX/0 XX/0, XX/0, X/0 XX/0 636.95
Section 7 LOTS 1-4, E/2 W/2, E/2 637.76
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 LOTS 1-4, E/2 W/2, E/2 638.32
A-18
32
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 23 ALL 640.00
Section 24 ALL 640.00
Xxxxxxx 00 XXX 0, XX/0 XX/0, S/2 SE/4 160.09
Section 33 ALL 640.00
Xxxxxxx 00 X/0, XX/0 XX/0, X/0 XX/0, SE/4 NE/4 480.00
Township 18 North, Range 10 West
--------------------------------
Section 1 ALL 622.23
Section 3 ALL 629.36
Section 4 XXXX 0, 0, X/0 XX/0, XX/0 316.90
Section 5 ALL 639.76
Section 6 ALL 621.18
Section 7 ALL 621.52
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 10 SW/4 160.00
Section 10 N/2, SE/4 480.00
Section 11 ALL 640.00
Section 12 ALL 648.29
Section 13 XXXX 0, 0, X/0 XX/0, XX/0 323.12
Section 13 XXXX 0, 0, X/0 XX/0, XX/0 323.12
Section 14 N/2 320.00
Section 14 S/2 320.00
Section 15 N/2 320.00
A-19
33
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 15 S/2 320.00
Section 17 N/2 320.00
Section 00 X/0 XXXXX XX XX XXXXX XXX 00 162.60
Section 00 X/0 XXXXX XX XX XXXXX XXX 00 157.40
Section 19 LOTS 1-4, E/2 W/2, E/2 626.88
Section 21 ALL 640.00
Section 22 E/2, SW/4 480.00
Section 22 SE/4 NW/4 40.00
Section 23 ALL 640.00
Section 24 LOTS 1-4, W/2 E/2, W/2 642.86
Section 25 LOTS 1-4, W/2 E/2, W/2 639.56
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 28 E/2 320.00
Section 28 W/2 320.00
Section 29 ALL 640.00
Section 30 LOTS 1-4, E/2 W/2, E/2 631.20
Section 31 LOTS 1-4, E/2 W/2, E/2 635.04
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 19 North, Range 10 West
--------------------------------
Section 1 ALL 639.60
X-00
00
XXXXXXX: XXXX
XXXXX: NM
COUNTY: XXXXXXXX
Section 3 ALL 638.72
Section 4 ALL 639.00
Section 5 ALL 639.32
Section 6 ALL 636.84
Section 7 ALL 637.52
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 10 N/2 N/2, SE/4 NE/4, SW/4 NW/4, NE/4 SE/4, NW/4 480.00
SW/4, S/2 S/2
Section 11 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 637.32
Section 19 ALL 637.92
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
A-21
35
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 26 NW/4 XX/0, X/0 XX/0, XX/0 280.00
Section 26 N/2, NE/4 SE/4 360.00
Section 27 ALL 640.00
Section 28 XX/0, X/0 XX/0, XX/0 XX/0, X/0 600.00
Section 29 ALL 640.00
Section 30 ALL 637.68
Section 31 ALL 637.32
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 20 North, Range 10 West
--------------------------------
Section 3 ALL, EXCEPT 50.20 ACRES IN THE NE/4 LYING 592.96
NORTHEASTERLY OF THE 6400' ELEVATION
CONTOUR LINE, DESCRIBED IN QUITCLAIM
DEED DATED 3/3/1987 TO USA
Section 4 ALL 642.00
Section 5 ALL 641.48
Section 7 ALL 638.28
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 12 ALL, EXCEPT 192.4 ACRES IN N/2 AND SE/4 447.60
LYING NORTHEASTERLY OF THE 6400'
ELEVATION CONTOUR LINE, DESCRIBED IN
QUITCLAIM DEED DATED 3/3/1987 TO USA
A-22
36
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 638.84
Section 19 ALL 638.92
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 29 ALL 640.00
Section 31 ALL 637.40
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 18 North, Range 11 West
--------------------------------
Section 1 ALL 639.36
Section 3 ALL 638.32
Section 4 ALL 639.04
Section 5 ALL 638.80
A-23
37
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 6 ALL 636.64
Section 7 ALL 637.84
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 10 ALL 640.00
Section 11 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 19 ALL 639.36
Section 20 ALL 640.00
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 SW/4 160.00
Section 25 ALL 640.00
Section 26 ALL 640.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 638.40
A-24
38
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 31 ALL 638.80
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 19 North, Range 11 West
--------------------------------
Section 1 ALL 639.76
Section 3 ALL 638.68
Section 4 ALL 639.20
Section 5 ALL 639.88
Section 6 ALL 636.80
Section 7 ALL 637.88
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 12 ALL 640.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 21 ALL 640.00
Section 22 ALL 640.00
Section 23 ALL 640.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 XX/0, X/0 XX/0, XX/0 XX/0, S/2 600.00
Section 27 ALL 640.00
A-25
39
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 28 ALL 640.00
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 20 North, Range 11 West
--------------------------------
Section 1 ALL 642.56
Section 3 ALL 642.32
Section 4 ALL 643.16
Section 5 ALL 643.64
Section 6 ALL 644.20
Section 7 ALL 639.16
Section 8 ALL 640.00
Section 9 ALL 640.00
Section 10 NW/4, S/2 480.00
Section 10 NE/4 160.00
Section 11 ALL 640.00
Section 12 S/2 320.00
Section 12 N/2 320.00
Section 13 ALL 640.00
Section 14 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 18 ALL 638.40
A-26
40
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 19 ALL 637.32
Section 20 ALL 640.00
Section 21 ALL 640.00
Xxxxxxx 00 X/0, XX/0, X/0 XX/0, XX/0 NE/4 600.00
Section 23 E/2, SW/4, E/2 NW/4, SW/4 NW/4, E/2 NW/4 NW/4 620.00
Section 24 ALL 640.00
Section 25 ALL 640.00
Section 26 N/2, SW/4, W/2 SE/4 560.00
Section 27 ALL 640.00
Section 28 ALL 640.00
Section 29 ALL 640.00
Section 30 ALL 636.12
Section 31 ALL 635.16
Section 33 ALL 640.00
Section 34 ALL 640.00
Section 35 ALL 640.00
Township 20 North, Range 13 West
--------------------------------
Section 1 LOTS 1-4, S/2 N/2, S/2 641.74
Section 3 LOTS 1-4, S/2 N/2, S/2 643.20
Section 5 LOTS 1-4, S/2 N/2, S/2 648.22
Section 7 XXXX 0, 0, 0, XX/0 XX/0, X/0 XX/0, SE/4, N/2 NE/4, 529.57
SE/4 NE/4, E/2 SW/4 NE/4
Section 9 ALL 640.00
A-27
41
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
Section 11 ALL 640.00
Section 13 ALL 640.00
Section 15 ALL 640.00
Section 17 ALL 640.00
Section 19 LOTS 1-4,.E/2 W/2, E/2 622.34
Section 21 ALL 640.00
Section 23 ALL 640.00
Section 25 ALL 640.00
Section 27 ALL 640.00
Section 29 ALL 640.00
Section 31 LOTS 1-4, E/2 W/2, E/2 621.18
Section 33 ALL 640.00
Section 35 ALL 640.00
------------
GRAND TOTAL 344,323.88
A-28
42
EXHIBIT 10.21
EXHIBIT B
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
CATEGORY 2 LANDS
(REVISED 03/13/97)
COMPANY: GOLD
STATE: NM
COUNTY: XxXXXXXX
MERIDIAN: NMPM ACRES
-----
Township 14 North, Range 8 West
-------------------------------
Section 10 All 640.00
Township 13 North, Range 10 West
--------------------------------
Section 5 Lots 1-4, S/2 N/2, S/2 639.36
Section 7 Lots 1-4, E/2, E/2 W/2 650.24
Section 9 All 640.00
Section 15 All 640.00
Section 17 All 640.00
Section 21 W/2 SW/4 XX/0 XX/0, X/0 XX/0, XX/0 595.00
XX/0, X/0 XX/0 XX/0, XX/0, X/0
XX/0, XX/0 SE/4
Section 27 All 640.00
Section 29 All 640.00
Section 31 Lots 1-4, E/2 W/2, E/2 640.56
Section 33 All 640.00
Section 35 All 640.00
Township 15 North, Range 10 West
--------------------------------
Section 1 All, except 31.07 acres in Xxxx 608.93
Rail Spur
Section 3 All 641.00
Section 13 All 640.00
Section 23 All, except 29.81 ac. in Xxxx Rail 610.19
Spur
B-1
43
Section 25 All, except 25.79 ac. in Xxxx Rail 614.21
Spur
Section 31 All 663.60
Section 33 All 640.00
Section 35 All 640.00
Township 16 North, Range 10 West
--------------------------------
Section 5 All 639.76
Section 9 All 640.00
Section 15 All 640.00
Section 17 All 640.00
Section 21 All 640.00
Section 23 All 640.00
Section 25 All 640.00
Section 27 All 640.00
Section 29 All 640.00
Section 31 All 667.68
Section 33 All 640.00
Section 35 All 640.00
Township 17 North, Range 10 West
--------------------------------
Section 31 Lots 1-4, E/2 W/2, E/2 640.32
Township 13 North, Range 11 West
--------------------------------
Section 3 Lots 3, 4, S/2 NW/4 160.98
Section 5 All, except 24.71 ac. in Xxxx Rail 610.17
Spur
Section 7 All that portion lying North and 495.00
East of the AT&SF Railway Co. R/W
Section 9 XX/0, X/0 XX/0, X/0 XX/0, XX/0 SE/4 360.00
X-0
00
Xxxxxxx 0 X/0 XX/0, XX/0, SW/4 SE/4 280.00
Section 15 All 640.00
Section 17 All that portion lying North and 96.71
East of the AT&SF Railway Co. R/W,
except 39.63 ac. in Xxxx Rail Xxxx
Xxxxxxx 00 Xxxx 0-0, XX/0 SE/4, SW/4 275.53
Section 19 All 640.06
Section 21 All that part lying North and East 199.59
of the AT&SF Railway Co. R/W
Section 21 Lots 5-10, NW/4 SW/4 155.74
Section 22 All 640.00
Section 23 All 640.00
Section 24 SE/4, W/2 480.00
Section 25 All 640.00
Section 26 All 640.00
Section 27 All that part lying North and East 549.31
of the AT&SF Railway Co. R/W
Section 29 All 640.00
Section 31 All 640.96
Section 33 All 640.00
Section 34 That portion of the E/2 lying South 23.70
and West of the AT&SF Railway Co.
R/W
Section 34 That portion of the E/2 lying North 283.09
and East of the AT&SF Railway Co.
R/W
Section 35 All 640.00
Township 15 North, Range 11 West
--------------------------------
Section 27 E/2 E/2 160.00
Section 35 NW/4 NW/4 40.00
X-0
00
Xxxxxxxx 00 Xxxxx, Xxxxx 00 West
--------------------------------
Section 31 All, except 200 ft. R/W of AT&SF 619.15
Ry. Co.
Section 35 All that portion lying North and 531.25
East of R/W of AT&SF Ry. Co.
Township 14 North, Range 14 West
--------------------------------
Section 7 Lots 3, 4, that portion of E/2 SW/4 139.78
lying South & West of AT&SF RR R/W
Section 21 All that portion lying North & East 114.06
of AT&SF XX X/X
Xxxxxxx 00 All that portion lying North & East 494.75
of AT&SF XX X/X
Xxxxxxxx 00 Xxxxx, Xxxxx 00 West
--------------------------------
Section 1 Lots 1-4 2.02
Section 31 Lots 1-4, S/2 S/2 321.60
Section 33 Lots 1-4, S/2 S/2 317.76
Section 35 Xxxx 0-0, X/0 X/0 000.00
Xxxxxxxx 00 Xxxxx, Xxxxx 15 West
--------------------------------
Section 1 Part Northeast of Northeast line of 96.34
AT&SF station grounds at S. Guam,
said line parallel to & 1320 ft.
northeasterly from centerline of
original AT&SF main track, except
portion conveyed by SFPR to AT&SF
8-29-17, recorded in Bk. 5, Pg.
152, and portion of SE SE
northeasterly of AT&SF R/W and
southeasterly of southeast end of
station grounds at S. Guam
Township 15 North, Range 15 West
--------------------------------
Section 25 All, except 26.55 ac. in R/W 613.45
Section 27 All that portion lying North & East 515.85
of AT&SF XX X/X
Xxxxxxx 00 All that portion lying North & East 197.84
of AT&SF XX X/X
X-0
00
Xxxxxxxx 00 Xxxxx, Xxxxx 15 West
--------------------------------
Section 31 All 315.20
Section 33 All 317.98
Section 35 All 315.20
Township 15 North, Range 16 West
--------------------------------
Section 1 All 639.52
Section 3 All 641.90
Section 5 All 638.82
Section 7 All 616.18
Section 9 All 640.00
Section 11 All 640.00
Section 13 Lots 1-4 195.60
Section 15 Lots 1-4 185.28
Section 17 Lots 1-4 174.16
Township 16 North, Range 16 West
---------------------------------
Section 1 All 595.20
Section 5 All 606.88
Section 11 All 640.00
Section 13 All 640.00
Section 15 All 640.00
Section 19 All 602.52
Section 21 All 640.00
Section 23 All 640.00
Section 25 All 640.00
Section 27 All 640.00
B-5
47
Section 29 All 640.00
Section 33 All 640.00
Section 35 All 640.00
Township 17 North, Range 16 West
--------------------------------
Section 31 Lots 1-4, S/2 S/2 305.28
Section 33 Xxxx 0-0, X/0 X/0 000.00
Xxxxxxxx 00 Xxxxx, Xxxxx 17 West
--------------------------------
Section 3 Lots 1-5, SW/4 NW/4, W/2 SW/4 235.56
Section 5 Xxxx 0-0, X/0 X/0, X/0 XX/0, XX/0 598.88
XX/0, X/0 XX/0 XX/0, X/0 XX/0, NE/4
SW/4, N/2 SE/4 SW/4
Section 7 All 638.12
Section 9 W/2, E/2 SE/4, SW/4 SE/4, N/2 NE/4 480.00
NE/4, E/2 NW/4 NE/4
Section 9 SW/4 NE/4, NW/4 SE/4 80.00
Section 9 S/2 NE/4 NE/4 20.00
Section 9 NW/4 NW/4 NE/4 10.00
Section 9 SW/4 NW/4 NE/4 10.00
Section 15 Lots 1-4, W/2 W/2 236.88
Section 17 All 640.00
Section 19 All 640.88
Section 21 All 640.00
Section 27 Lots 1-4, W/2 W/2 239.82
Section 29 N/2, SW/4 480.00
Section 33 S/2 320.00
Township 15 North, Range 17 West
--------------------------------
Section 1 All 689.84
Section 3 All 640.42
B-6
48
Section 7 All 639.94
Section 9 NE/4, S/2 480.00
Section 13 Lots 1-4 164.48
Section 15 Lots 1-6, W/2 W/2, less 24.24 ac. 300.37
in AT&SF RR R/W for East bound main
track
Section 19 Xxxx 0, 0, X/0, X/0 XX/0 481.09
Section 21 E/2, W/2 NW/4, S/2 SW/4 480.00
Section 27 W/2 SW/4 80.00
Section 29 All 640.00
Section 31 All 638.84
Township 16 North, Range 17 West
--------------------------------
Section 1 All 614.40
Section 3 All 622.04
Section 5 All 624.52
Section 7 All 632.52
Section 9 All 640.00
Section 11 All 640.00
Section 15 All 640.00
Section 17 All 640.00
Section 19 All 636.44
Section 21 All 640.00
Section 25 All 640.00
Section 27 All 640.00
Section 29 All 640.00
Section 31 All 637.44
Section 33 All 640.00
B-7
49
Section 35 All 640.00
Township 17 North, Range 17 West
--------------------------------
Section 31 Lots 1-4, S/2 S/2 297.38
Section 33 Lots 1-4, S/2 S/2 307.78
Section 35 Xxxx 0-0, X/0 X/0 000.00
Xxxxxxxx 00 Xxxxx, Xxxxx 18 West
--------------------------------
Section 5 All 639.48
Township 15 North, Range 18 West
--------------------------------
Section 1 All 638.56
Section 11 NE/4, E/2 NW/4 240.00
Section 23 All 640.00
Section 27 SE/4, NE/4 SW/4 200.00
Section 27 S/2 NE/4, NE/4 NE/4 120.00
Section 27 SE/4 NW/4, S/2 NW/4 NE/4, NW/4 NW/4 70.00
NE/4
Section 27 S/2 NE/4 NW/4 20.00
Section 27 N/2 NE/4 NW/4 20.00
Section 31 NE/4 NE/4 40.00
Xxxxxxx 00 Xxxx 0-0, XX/0 XX/0, NE/4 NW/4, 436.40
SE/4, SE/4 SW/4
Section 35 E/2, E/2 NW/4 400.00
Township 16 North, Range 18 West
--------------------------------
Section 1 All 622.84
Section 3 All 622.72
Section 5 All, except 10.30 acres 614.26
B-8
50
Section 5 That portion lying within 40 ft. & 10.30
on both sides of survey line of
Road 32, Section 2 as relocated for
construction and known as F.A.P.
#146-A
Section 7 All, except 10.00 ac. quitclaimed 620.16
to County of XxXxxxxx by deed dated
6-19-25
Section 7 That portion lying within 40 ft. & 10.00
on both sides of survey line of
Road 32, Section 2 as relocated for
construction and known as F.A.P.
#146
Section 9 All 640.00
Section 11 All 640.00
Section 13 All 640.00
Section 15 All 640.00
Section 17 All 640.00
Section 19 All 634.08
Section 21 N/2 320.00
Section 23 All 640.00
Section 25 All 640.00
Township 17 North, Range 18 West
--------------------------------
Section 31 Xxxx 0-0, X/0 X/0 000.00
Xxxxxxx 00 Xxxx 0-0, XX/0 SE/4, S/2 SW/4 255.58
Section 33 N/2 SE/4 SE/4, SE/4 SE/4 SE/4 30.00
Section 35 Xxxx 0-0, X/0 X/0 000.00
Xxxxxxxx 00 Xxxxx, Xxxxx 19 West
--------------------------------
Xxxxxxx 0 Xxxx 0, 0, X/0 XX/0 156.27
Section 17 NE/4, E/2 NW/4, S/2 560.00
Section 19 All 633.40
X-0
00
Xxxxxxx 00 XX/0, XX/0, XX/0 NE/4, W/2 SE/4 389.00
NE/4, W/2 E/2 SE/4 NE/4, except 1
ac. in W/2 E/2 SE/4 NE/4
Section 21 1 ac. tract in W/2 E/2 SE/4 NE/4 1.00
Section 29 All, except AT&SF RR R/W and 512.25
station grounds
Xxxxxxx 00 XX/0, XX/0, except AT&SF RR R/W 288.91
Section 33 All 640.00
Section 35 N/2, SW,/4 480.00
Township 16 North, Range 19 West
--------------------------------
Section 1 All 630.12
Section 3 All 636.30
Section 5 All 637.60
Section 7 All 629.24
Section 9 All 640.00
Section 11 All 640.00
Section 13 All 640.00
Section 15 All 640.00
Section 17 All 640.00
Section 19 All 630.48
Section 23 All 640.00
Section 25 All 640.00
Section 31 All 629.80
Township 17 North, Range 19 West
--------------------------------
Section 31 Lots 1-4, S/2 S/2 288.60
Section 33 Lots 1-4, S/2 S/2 290.40
Section 35 Lots 1-4, S/2 S/2 295.58
X-00
00
Xxxxxxxx 00 Xxxxx, Xxxxx 20 West
--------------------------------
Section 1 All 638.12
Section 13 All 640.00
Section 17 SW/4 160.00
Section 19 All 640.92
Section 21 W/2 W/2 160.00
Section 25 All 640.00
Section 27 S/2 SW/4, NW/4 SW/4, S/2 SE/4, 240.00
NE/4 SE/4
Section 29 All 640.00
Section 31 All 638.00
Section 33 All 640.00
Section 35 All 640.00
Township 16 North, Range 21 West
--------------------------------
Section 1 W/2 322.00
Section 3 All 123.86
Xxxxxxx 00 X/0, X/0 XX/0, XX/0 SW/4 440.00
Section 15 Lots 1-4 128.06
Section 23 All 640.00
Section 25 All 640.00
Section 27 Lots 1-4 128.80
Section 35 All 640.00
----------
County Total 105,447.60
==========
X-00
00
XXXXXXX X
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
CATEGORY 2 LANDS
(Revised 03/13/97)
COMPANY: GOLD
STATE: NM
COUNTY: CIBOLA
MERIDIAN: NMPM ACRES
-----
Township 11 North, Range 7 West
-------------------------------
Section 31 Xxxx 0-0, X/0 XX/0, X/0 XX/0, NE/4, 634.52
XX/0
Xxxxxxxx 00 Xxxxx, Xxxxx 0 West
-------------------------------
Section 25 All 640.00
County Total 1,274.52
--------
X-00
00
XXXXXXX X
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
CATEGORY 2 LANDS
(Revised 03/13/97)
Township 13 North, Range 8 West
-------------------------------
Section 25 Xxxx 0, 0, 0, 0, 00, X/0 NE/4 234.52
**Royalty Interest Only**
X-00
00
XXXXXXX X
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
CATEGORY 2 LANDS
(Revised 3/13/97)
COMPANY: GOLD
STATE: NM
COUNTY: XXXXXXXX
MERIDIAN: NMPM ACRES
-----
Township 12 North, Range 1 East
-------------------------------
Section 5 Xxxx 0, 0 XX/0, X/0 XX/0, Xxx 6 451.11
NE/4, Xxx 0 XX/0, Xxx 0 XX/0, Xxx 0
XX/0, XX/0
Section 6 All 614.74
Section 7 All 615.68
Section 8 Lots 1-4, NW/4, W/2 SW/4 354.06
Section 17 Lots 1-4 171.63
Section 18 All 614.56
Section 19 All 611.44
Section 20 Lots 1-4 178.14
Section 29 Xxxx 0-0, X/0 XX/0, XX/0 XX/0 253.05
Section 30 All 613.28
Section 31 All 616.80
Township 13 North, Range 1 East
-------------------------------
Section 4 All 647.16
Section 5 All 650.80
Section 6 All 615.05
Section 7 All 599.88
Section 8 All 640.00
Section 9 All 640.00
Section 17 All 640.00
B-14
56
Section 18 All 600.68
Section 19 All 602.52
Section 20 All 640.00
Section 21 All 640.00
Section 28 All 640.00
Section 29 All 640.00
Section 30 All 606.27
Section 31 All, except North 300 ft. of 555.09
Section
Section 33 All 534.92
Township 14 North, Range 1 East
-------------------------------
Section 5 Xxxx 0-0, X/0 X/0, XX/0, XX/0 XX/0 531.88
Section 5 NW/4 SW/4, S/2 SW/4 120.00
Township 12 North, Range 1 West
-------------------------------
Section 1 Lots 1-4,, S/2 N/2, S/2 641.98
Section 3 Lots 1-4, S/2 N/2, S/2 647.18
Section 4 Lots 1-8 343.57
Section 9 Lots 1-8 341.56
Section 10 NE/4, NE/4 SE/4, W/2 SE/4, W/2 600.00
Section 11 All 640.00
Section 12 All 640.00
Section 13 All 640.00
Section 14 NE/4, S/2 480.00
Section 15 All 640.00
Section 21 Lots 1-8 341.64
Section 22 All 640.00
B-15
57
Section 23 All 640.00
Section 24 All 640.00
Section 25 All 640.00
Section 26 All 640.00
Section 27 E/2, E/2 SW/4 400.00
Section 27 NW/4, W/2 SW/4 240.00
Section 28 Lots 1-8 345.84
Section 33 Lots 1-8 344.52
Section 34 All 640.00
Section 35 W/2 320.00
Section 35 E/2 320.00
Township 13 North, Range 1 West
-------------------------------
Section 12 All 640.00
Section 14 All 640.00
Section 22 N/2 320.00
Xxxxxxx 00 X/0 XX/0, X/0 XX/0 160.00
Section 24 All 640.00
Section 26 N/2, W/2 SE/4, SW/4 560.00
Section 28 Lots 1-4, E/2 338.88
Section 34 All, except North 300 ft. of 603.64
Section ------
County Total 31,307.55
---------
X-00
00
XXXXXXX X
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
CATEGORY 2 LANDS
(Revised 3/13/97)
COMPANY: GOLD
STATE: NM
COUNTY: BERNALILLO
MERIDIAN: NMPM ACRES
-----
Township 11 North, Range 1 East
-------------------------------
Section 5 Lots 3-7, SW/4 NW/4, NW/4 SW/4 257.09
Section 7 All 623.58
Section 19 All 622.72
Township 11 North, Range 1 West
-------------------------------
Section 1 Xxxx 0-0, X/0 XX/0, X/0 XX/0, XX/0, 634.78
SW/4
Section 3 Xxxx 0-0, X/0 XX/0, X/0 XX/0, XX/0, 626.78
SW/4
Section 9 Lots 1-4, E/2 NE/4, E/2 SE/4 332.78
Section 11 All 640.00
Section 13 All 640.00
Section 15 All 640.00
Section 21 Lots 1-4, E/2 NE/4, E/2 SE/4 319.66
Section 23 All 640.00
Xxxxxxx 00 Xxxx 0-0, X/0 XX/0, X/0 XX/0 181.60
Section 27 Lots 1-4, N/2 NE/4, N/2 NW/4 180.40
--------
County Total 6,339.39
--------
X-00
00
XxXxxxxx Xxxxxx, Xxx Xxxxxx
EXHIBIT C
LICENSE TO EXPLORE AND OPTION TO PURCHASE
Lease Option Agreement dated October 8, 1987, between Cerrillos Land Company
and Santa Fe Energy Company, as amended on July 1, 1988, and as amended on
December 1, 1989, a memorandum of which is recorded in Book 2, Page 1630, in
the official records of XxXxxxxx County, New Mexico.
Special Warranty Deed dated June 25, 1993, from Hospah Coal Company, Santa Fe
Pacific Minerals Corporation, Santa Fe Pacific Mining, Inc., The Xxxxxxxx,
Topeka and Santa Fe Railway Company, and the Star Lake Railroad Company to San
Xxxx Basin Coal Holding Company, recorded in Book 6 Comp., Page 8560, of the
official records of XxXxxxxx County, New Mexico, covering coal and coal
development rights or mining rights.
Special Warranty Deed dated June 24, 1993, from Santa Fe Pacific Minerals
Corporation to Xxxxxx Natural Resources Company covering coal and related
mining rights in Section 18, T.17N., R.10W., Section 31, T.18N., R.10W.,
Sections 19, 20, 21, 26, 27, 28, 29, 30, 31, 33, 34 and 35, T.18N., R.11 W.,
XxXxxxxx County, New Mexico.
Special Warranty Deed dated June 24, 1993, from Santa Fe Pacific Minerals
Corporation to Xxxxxx Natural Resources Company covering coal and related
mining rights in Sections 18 and 20, T.16N., R.9W., Section 13, T.16N., R.10W.,
Sections 6, 7, 8, 15 and 17, T.17N., R.10W., Sections 13 and 14, T.19N., R.6W.,
Section 31, T.15N., R.6W., recorded in Book 6 Comp., Page 8480, in the official
records of XxXxxxxx County, New Mexico.
Amended and Restated San Xxxx Basin Agreement dated June 25, 1993, by and
between Hospah Coal Company and Chaco Energy Company.
Grazing Lease dated October 1, 1973, from Santa Fe Pacific Railroad Company to
Tesoro Petroleum, covering Xxxxxxx 0, X.00X., X.0X., XxXxxxxx Xxxxxx, Xxx
Xxxxxx.
Surface Lease dated April 23, 1992, from Cerrillos Land Company to Giant
Industries covering 2.96 acres in Xxxxxxx 0, X.00X., X.0X., XxXxxxxx Xxxxxx,
Xxx Xxxxxx.
Easement dated May 1, 1974, from Santa Fe Pacific Railroad Company to Tenneco
Oil Company, covering 2.17 acres in NE/4 of Xxxxxxx 0, X.00X., X.0X., XxXxxxxx
Xxxxxx, Xxx Xxxxxx.
Right of Way Agreement dated March 4, 1957, from Santa Fe Pacific Railroad
Company to El Paso Natural Gas Products Company, covering a portion of Xxxxxxx
0, X.00X., X.0X.,
X-0
00
XxXxxxxx Xxxxxx, Xxx Xxxxxx.
Oil and Gas Lease dated July 19, 1979, from Santa Fe Pacicific Railroad Company
to Rio Colorado Oil and Gas Company, covering Sections 19, 20, 21, 28 and 29,
T17N, R9W, XxXxxxxx County, New Mexico.
Oil and Gas Lease dated September 16, 1953, from Santa Fe Pacific Railroad
Company to N.T. Xxxxx and Xxxxxxxx X. Xxxxx (Xxxxx Corp.), covering the S/2 of
Section 20, and the X/0 xx Xxxxxxx 00, X00X, X0X, XxXxxxxx Xxxxxx, Xxx Xxxxxx.
Oil and Gas Lease dated May 26, 1967, from Santa Fe Pacific Railroad Company to
Xxxxx X. Xxxxxxxx (Xxxxx Corp.), covering the SE/4 of Section 21, SW/4 of
Section 22, and the NW/4 of Section 27, from the surface to 600 feet, XxXxxxxx
County, New Mexico.
Oil and Gas Lease dated January 1, 1966, from Santa Fe Pacific Railroad Company
to Tenneco Oil Company, covering the W2, SW/4 of Section 11, Sections 13 and
24, T17N, R9W, and Xxxxxxx 0, X00X, X0X, XxXxxxxx Xxxxxx, Xxx Xxxxxx.
Oil and Gas Lease dated June 1, 1972, from Santa Fe Pacific Railroad Company to
Tenneco Oil Company covering the S/2 of Section 29, the N/2 NE/4 of Section 31,
and the NW/4 NW/4 of Xxxxxxx 00, X00X, X0X, XxXxxxxx Xxxxxx, Xxx Xxxxxx.
Oil and Gas Lease dated October 10, 1973, from Santa Fe Pacific Railroad
Company to Tenneco Oil Company, covering Sections 17, 18, 19, 20, the N12, SW/4
of Section 21, Section 27, the N/2, N/2 SE/4 of Section 28, Sections 29 and 30,
T16N, R6W, XxXxxxxx County, New Mexico.
Oil and Gas Lease dated May 1, 1975, from Santa Fe Pacific Railroad Company to
Tenneco Oil Company, covering Sections 18 and 20, T16N, R9W, and Xxxxxxx 00,
X00X, X00X, XxXxxxxx Xxxxxx, Xxx Xxxxxx.
Oil and Gas Lease dated November 23, 1923 from Santa Fe Pacific Railroad
Company to Xxxx X. Xxxxxxx, covering Xxxxxxx 0, X00X, X0X, XxXxxxxx Xxxxxx, Xxx
Xxxxxx.
Oil and Gas Lease dated February 1, 1938, from Santa Fe Pacific Railroad
Company to Xxxxxxxx X. Xxxxxxx, et al, covering Xxxx 0, 0 xxx 0, xxx X/0 XX/0
of Xxxxxxx 00, X00X, X0X, XxXxxxxx Xxxxxx, Xxx Xxxxxx.
Oil and Gas Lease dated March 3, 1965, from Santa Fe Pacific Railroad Company
to Tesoro Petroleum Corporation, covering the N/2 and SW/4 of Section 5, the
N/2 and SW/4 of Section 7, and the N/2 and SW/4 of Xxxxxxx 0, X00X, X0X,
XxXxxxxx Xxxxxx, Xxx Xxxxxx.
C-2
61
Surface Owners Agreement by and between Santa Fe Pacific Railroad Company and
Xxxxxxxxx Company, Ltd., dated July 31, 1979, a memorandum of which was
recorded at Book 76, Page 938 of the official records of Xxxxxxxx County, New
Mexico, which agreement was partially released on April 2, 1982, which release
is recorded at Book 52, Pages 961-962 of the official records of Xxxxxxxx
County New Mexico, and which Agreement was amended on March 2, 1987, a
memorandum of which was recorded in Book 90 Misc., Pages 639-642 of the
official records of XxXxxxxx County, New Mexico.
Surface Use Agreement by and between Santa Fe Pacific Railroad Company and X.X.
Xxxxxx, et al., dated June 3, 1980, a memorandum of which was recorded at Book
78, Page 252-253 of the official records of XxXxxxxx County, New Mexico.
C-3
62
EXHIBIT D
TO LICENSE TO EXPLORE AND OPTION TO PURCHASE
DEED Category III
STATE OF NEW MEXICO )
COUNTY OF XxXXXXXX )
SANTA FE PACIFIC GOLD CORPORATION, successor in interest by name
change to Santa Fe Pacific Minerals corporation, which is successor by merger
to Cerrillos Land Company ("Grantor") whose address is 0000 Xxxxxx Xxxxxxxxx
X.X., Xxxxx 000, Xxxxxxxxxxx, Xxx Xxxxxx 00000, for consideration paid, GRANTS
to URANCO, INC. ("Grantee"), whose address is 0000 Xxxxxx Xxxxxxxxx X.X., Xxxxx
000, Xxxxxxxxxxx, Xxx Xxxxxx 00000, all of the interest reserved by Santa Fe
Pacific Railroad Company in the instruments described in Exhibit A hereto but
only so far as such reservations and exceptions pertain to and cover the real
estate in XxXxxxxx County, New Mexico more particularly described in Exhibit B
hereto, less and except the interests described in Exhibit C hereto and subject
to the grants and interests set forth in the instruments set forth in Exhibit D
hereto, all of which exhibits are incorporated herein by reference.
LIMITATION OF REMEDY. Any warranty of title by the Grantor and any
remedies of the Grantee or its successors and assigns related to the property
covered by this Deed shall be limited to the remedies set forth in that certain
AGREEMENT OF SANTA FE PACIFIC GOLD CORPORATION, AS URANCO, INC. SHAREHOLDER,
AND URANIUM RESOURCES, INC., dated effective as of March 25, 1997 and that
certain LICENSE TO EXPLORE AND OPTION TO PURCHASE by and between Grantor and
Grantee, dated effective as of March 21, 1997 (copies of which are maintained
in the offices of Grantor and Grantee and attorneys for Grantor, Modrall,
Sperling, Xxxxx, Xxxxxx & Xxxx, P.A., 000 Xxxxxx Xx. X.X., Xxxxxxxxxxx, Xxx
Xxxxxx 00000) and shall not include any other rights, damages or claims than
those specifically set forth therein. Any rights asserted under the terms of
such agreements must be brought within the time period set forth in those
agreements.
CONVEYANCE DOES NOT INCLUDE COAL IN PLACE, INCLUDING DEVELOPMENT OR
MINING RIGHTS. This conveyance does not and is not intended to affect or
purport to affect, in any way, coal in place, including development or mining
rights related to coal, in any of the property of Grantor or any of its
subsidiaries or affiliates
63
including, but not limited to, the San Xxxx Basin Coal Holding Company, and
coal in place and all such rights are EXCEPTED herefrom and RESERVED to
Grantor.
WITNESS its hand and seal this ________ day of March, 1997.
SANTA FE PACIFIC GOLD CORPORATION
By:
-----------------------------------
(Seal) Xxxxx X. Xxxxxx
Senior Vice President-Corporate
Development
STATE OF NEW MEXICO
COUNTY OF BERNALILLO
This instrument was acknowledged before me on March ________, 1997, by
Xxxxx X. Xxxxxx as Senior Vice President-Corporate Development of Santa Fe
Pacific Gold Corporation.
---------------------------------------
(Seal) Notary Public
My commission expires:
----------------
64
XxXxxxxx County, New Mexico
EXHIBIT E
LICENSE TO EXPLORE AND OPTION TO PURCHASE
Warranty Deed dated April 11, 1922, from Santa Fe Pacific Railroad Company to
Ruby Oil Company, recorded in Book 6 of Deeds, Page 240, in the official
records of XxXxxxxx County, New Mexico.
Warranty Deed dated May 4, 1927, from Santa Fe Pacific Railroad Company to
Xxxxxxx X. Xxxxx, recorded in Book 7 of Deeds, Page 70, in the official records
of XxXxxxxx County, New Mexico.
Warranty Deed dated December 12, 1928, from Santa Fe Pacific Railroad Company
to Geo. X. Xxxxx and X.X. Xxxxxxx.
Warranty Deed dated March 15, 1938, from Santa Fe Pacific Railroad Company to
Xxxx Xxxxxxx.
Warranty Deed dated February 27, 1941, from Santa Fe Pacific Railroad Company
to Xxxx Xxxxxxx and Xxxxx Xxxxxxx, recorded in Book 12 of Deeds, Page 37, in
the official records of XxXxxxxx County, New Mexico.
Warranty deed dated January 7, 1942, from Santa Fe Pacific Railroad Company to
X. X. Xxxxx, Jr., recorded in Book 12 of Deeds, Page 456, in the official
records of XxXxxxxx County, New Mexico.
Warranty Deed dated October 1, 1942, from Santa Fe Pacific Railroad Company to
X.X. Xxxxxxxxx, recorded in Book 12 of Deeds, Page 208, in the official records
of XxXxxxxx County, New Mexico.
Warranty Deed dated May 1, 1944, from Santa Fe Pacific Railroad Company to
Xxxxxx Xxxxxxx, recorded in Book 12 of Deeds, Page 365, in the official records
of XxXxxxxx County, New Mexico.
Warranty Deed dated April 10, 1945, from Santa Fe Pacific Railroad Company to
Xxxxxx X. Xxxxxxx and Xxxxx X. Xxxxxxx, recorded in Book 12 of Deeds, Page 476,
in the official records of XxXxxxxx County, New Mexico.
Warranty Deed dated July 7, 1945, from Santa Fe Pacific Railroad Company to
Xxxxxx X. Xxxx, recorded in Book 12 of Deeds, Page 499, in the official records
of XxXxxxxx County, New Mexico.
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Xxxxxxxx Deed dated June 1, 1946, from Santa Fe Pacific Railroad Company to
Xxxxx Xxxxx Xxxxxxx, recorded in Book 10 of Warranty Deeds, Page 368, in the
official records of XxXxxxxx County, New Mexico.
Warranty Deed dated January 15, 1947, from Santa Fe Pacific Railroad Company to
Xxxx Xxxxxx and Xxxxxx X. Xxxx, recorded in Book 13 of Deeds, Page 172, in the
official records of XxXxxxxx County, New Mexico.
Warranty Deed dated January 15, 1947, from Santa Fe Pacific Railroad Company to
Xxx Xxxxxx, recorded in Book 13 of Deeds, Page 173, in the official records of
XxXxxxxx County, New Mexico.
Warranty Deed dated March 15, 1947, from Santa Fe Pacific Railroad Company to
R. E. Xxxxxx and W. M. B. Xxxxxx, recorded in Book 13 of Deeds, Page 235, in
the official records of XxXxxxxx County, New Mexico.
Warranty Deed dated June 1, 1948, from Santa Fe Pacific Railroad Company to Xxx
Xxxxxx, recorded in Book 9 of Warranty Deeds, Page 23, in the official records
of XxXxxxxx County, New Mexico.
Warranty Deed dated December 28, 1948, from Santa Fe Pacific Railroad Company
to Xxxx Xxxxxxx and Company, recorded in Book 13 of Deeds, Page 339, in the
official records of XxXxxxxx County, New Mexico.
Warranty Deed dated January 4, 1949, from Santa Fe Pacific Railroad Company to
X.X. Xxxxxxxxx, recorded in Book 13 of Deeds, Page 341, in the official records
of XxXxxxxx County, New Mexico.
Warranty Deed dated April 22, 1949, from Santa Fe Pacific Railroad Company to
Gates X. Xxxxx, recorded in Book 9 of Warranty Deeds, Page 87, in the official
records of XxXxxxxx County, New Mexico.
Warranty Deed dated May 13, 1949, from Santa Fe Pacific Railroad Company to
Chaco Land and Cattle Company, recorded in Book 9 of Warranty Deeds, Page 90,
in the official records of XxXxxxxx County, New Mexico.
Warranty Deed dated August 1, 1949, from Santa Fe Pacific Railroad Company to
Chaco Land and Cattle Company, recorded in Book 10 of Warranty Deeds, Page 325,
in the official records of XxXxxxxx County, New Mexico.
Warranty Deed dated August 1, 1949, from Santa Fe Pacific Railroad Company to
Star Lake Land and Livestock Company, recorded in Book 10 of Warranty Deeds,
Page 327, in the official records of XxXxxxxx County, New Mexico.
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Xxxxxxxx Deed dated January 2, 1950, from Santa Fe Pacific Railroad Company to
Xxxxxxx Xxxxxx, recorded in Book 10 of Warranty Deeds, Page 354, in the
official records of XxXxxxxx County, New Mexico.
Warranty Deed dated January 1, 1950, from Santa Fe Pacific Railroad Company to
Xxxxx Xxxxx Xxxxxxx, recorded in Book 11 of Misc., page 195, in the official
records of XxXxxxxx County, New Mexico.
Warranty Deed dated August 10, 1988, from Santa Fe Pacific Railroad Company to
State Highway Department of New Mexico.
Warranty Deed dated October 15, 1945, from Santa Fe Pacific Railroad Company to
Xxxxxxxxx Company, recorded in Book 12 DR, Page 536, in the official records of
XxXxxxxx County, New Mexico.
Warranty Deed dated March 4, 1952, from Santa Fe Pacific Railroad Company to
Xxxxx X. Xxxxxxx, recorded in Book 11 Misc., Page 370, in the official records
of XxXxxxxx County, New Mexico.
Warranty Deed dated March 15, 1947, from Santa Fe Pacific Railroad Company to
Xxxxx X. Xxxxxxx, an individual, and Xxxxx X. Xxxxxxx, Guardian Estate of Xxxx
X. Xxxxxxx, a minor, recorded in Book 13 of Deeds, Page 240, in the official
records of XxXxxxxx County, New Mexico.
Warranty Deed dated November 1, 1948, from Santa Fe Pacific Railroad Company to
X. X. Xxxx and Xxxxx Xxxx Xxxx, husband and wife, recorded in book 9 of W. D.,
Page 53, in the official records of XxXxxxxx County, New Mexico.
Warranty Deed dated January 20, 1947, from Santa Fe Pacific Railroad Company to
Xxxxx Xxxx & Son, Inc., recorded in book 13 of Deeds, Page 219, in the official
records of XxXxxxxx County, New Mexico.
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