ContractPotash Royalty Purchase and Sale Agreement • May 5th, 2020 • Colorado
EX-10.2 6 c25325exv10w2.htm EXHIBIT 10.2 Exhibit 10.2 POTASH ROYALTY PURCHASE AND SALE AGREEMENT AND OPTION THIS POTASH ROYALTY PURCHASE AND SALE AGREEMENT AND OPTION (this “Agreement”), dated effective as of November 22, 2011 (the “Effective Date”), is between PROSPECT GLOBAL RESOURCES INC., a Nevada corporation (“Seller”), 600 17th Street, Suite 2800 South, Denver, Colorado 80202, and GRANDHAVEN ENERGY, LLC, a Wisconsin limited liability company, with an address of 730 17th Street, Suite 800, Denver, Colorado 80202 (“Buyer”). Seller and Buyer are sometimes referred to in this Agreement, collectively, as the “Parties,” and individually, as a “Party.” Recitals A. Seller is currently the owner of 11,000,000 Class A Units of American West Potash, LLC, a Delaware limited liability company (“AWP”). AWP owns the mineral leases of fee lands and fee mineral interests located in Apache County, Arizona, as described in Parts I, II and III of Exhibit A attached hereto. AWP owns or controls miner
