SECOND EXTENSION OF CONTRACT TO PURCHASE MINING PROPERTY
This is an agreement to Amend/Extend that Contract to Buy and Sell Real Estate
dated November 18, l998 between ORA Management, L.L.C. (referred to herein as
Buyer) and Nugget Exploration, Inc. (referred to herein as seller) (a copy of
which is attached hereto and incorporated by this reference into the body of
this document as if fully set forth herein) pertaining to the property described
as 1711.98 Acres Described Under Attachment "A" in Fremont County, Wyoming.
A. EXTENSIONS AND AMENDMENTS
All dates set forth in that Contract to Buy and Sell Real estate shall remain
the same except:
Closing may be extended to, but not beyond, May 24, l999 with the following
conditions:
FIRST: That an additional cash down payment of Four Hundred Fifty Thousand
Dollars ($450,000.00) shall be deposited to escrow account # _________held by
The Hilltop National Bank, Casper, Wyoming for Nugget Exploration, Inc. One
Hundred Thousand Dollars ($100,000.00) of this deposit shall be nonrefundable.
Thirty Five Thousand Dollars ($35,000.00) downpayment already deposited to the
escrow account held by Sothebys International Realty is also nonrefundable.
These deposits will accrue to the purchase price of Seven Hundred Thousand
Dollars ($700,000.00) which shall be paid at the time of closing.
SECOND: If Buyer does not close by midnight, May 24, l999, Three hundred Fifty
Thousand Dollars ($350,000) will be returned to him by wire transfer and the
contract for sale is void.
All other terms and conditions of that Contract to Buy and Sell Real Estate
shall remain the same.
This agreement has been executed in multiple copies and my signature
acknowledges my consent and agreement to the terms hereof and that I received a
signed copy at the time of signing.
All representations made in the negotiations of this sale have been incorporated
herein. There are no verbal agreements between Buyer and Seller and or any
Broker to modify terms and conditions.
/s/ ORA Management, L.L.C. 4/23/99
Buyer ORA Management, L.L.C. Date
/s/ Xxxx Xxxx
By: Xxxx Xxxx
/s/ Nugget Exploration, Inc. 4/23/99
Seller Nugget Exploration, Inc. Date
/s/ Xxxx X. XxxXxxxx
By: Xxxx X. XxxXxxxx
