THIS NET SMELTER RETURN ROYALTY AGREEMENT dated as of the 11th day of June, 2012.Net Smelter Return Royalty Agreement • June 13th, 2012 • Solitario Exploration & Royalty Corp. • Gold and silver ores • British Columbia
WHEREAS the Owner is the owner of (a) a 100% undivided interest in certain unpatented mining claims, subject to the paramount title of the United States of America, as well as certain fee parcels, and (b) an undivided 100% leasehold interest in a mining lease covering certain patented and unpatented mining claims, collectively comprising a portion of the Mt. Hamilton gold project, located in White Pine County, Nevada. The interests described in (a) and (b) above are more particularly described in Schedule “A” attached hereto and forming a part hereof (the “Property”);
