Exploration and Option to Enter Joint Venture Agreement Kelly Creek
Exhibit 10.2
Exploration and Option to Enter
Joint Venture Agreement
Kelly Creek Project
This Exploration and Option to Enter Joint Venture Agreement Kelly Creek Project (“Agreement”) is made effective as of July 7, 2020 (the “Effective Date”), by and among Pediment Gold LLC, a Nevada limited liability company (“Pediment”), and Austin Gold Corp., a British Columbia Corporation (“Austin BC” or "AGC"), and its wholly-owned subsidiary Austin American Corporation, a Nevada corporation (“Austin NV”).
Recitals
A. Pediment leases and owns certain unpatented mining claims and fee lands which are located in Humboldt County, Nevada, and which are more particularly described in Exhibit A attached to and by this reference incorporated in this Agreement.
B. Nevada Exploration Inc. (Pediment's parent company) and Austin BC are parties to the Letter Agreement dated May 29, 2020 (the “Letter Agreement”) and First Amendment to Letter of Intent dated June 24, 2020 pursuant to which the parties agreed to enter into an agreement to allow Austin NV’s exploration for and development of minerals on the properties described in Exhibit A.
C. Pursuant to the Letter Agreement the parties agreed to negotiate and execute a definitive agreement and this Agreement shall constitute the parties’ Definitive Agreement which supersedes the Letter Agreement.
Now, therefore, in consideration of their covenants and promises in this Agreement, the parties agree:
1. Definitions. The following defined terms, wherever used in this Agreement, shall have the meanings described below:
1.1 “Area of Interest” means the lands described in Exhibit A and as depicted in the map which is part of Exhibit A. specifically coloured in light blue and labelled “Pediment Gold LLC Claims”, medium blue and labelled “Leased Claims (Genesis)” and dark blue and labelled “Leased Private (Tomera)”. This Agreement shall apply to all interests and rights which the parties acquire in the Area of Interest and to any unpatented mining claims located by the parties in the Area of Interest to the extent any portion of any such interest or unpatented mining claim is within the Area of Interest, including any fractions or gaps among the unpatented mining claims described in Exhibit A. This Agreement shall also apply to any fee lands or interests in fee lands and unpatented mining claims in the Area of Interest which the parties acquire from third parties.
1.2 “Pediment” means Pediment Gold LLC, a Nevada corporation, and its successors and assigns.
1.3 “Feasibility Study” means a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable Modifying Factors together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility Study. The term proponent captures issuers who may finance a project without using traditional financial institutions. In these cases, the technical and economic confidence of the Feasibility Study is equivalent to that required by a financial institution.
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1.4 “Modifying Factors” are considerations used to convert Mineral Resources to Mineral Reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors.
1.5 “Earn-In Obligation” means collectively the expenditure and other performance obligations of Austin NV described in Sections 6 and 7.
1.6 “Expenditures” means all costs incurred on or for the benefit of the Property for Exploration and Development Work pursuant to this Agreement, including but not limited to: (a) salaries and wages for Austin NV’s consultants and employees employed directly on or for the benefit of the Property and their out-of-pocket costs incurred for work performed on the Property, but not including salaries or wages of the head or home office employees of Austin NV or its parent corporation; (b) costs and expenses of equipment, machinery, materials and supplies; (c) payments to contractors for work performed on or for the benefit of the Property; (d) costs of sampling, assays, metallurgical testing and analyses and other costs incurred to determine the quantity and quality of minerals on the Property; (e) costs incurred to apply for and obtain approvals, consents, licenses, permits and rights-of-way and other similar rights in connection with activities on the Property; (f) costs and expenses of performance of annual assessment work and the filing and recording of proof of performance of annual assessment work, if required to be performed; (g) costs and expenses of payment of federal annual mining claim maintenance fees and the filing and recording of proof of payment of federal annual mining claim maintenance fees; (h) all taxes and assessments levied against the Property; and (i) costs incurred to acquire additional interests, rights and unpatented mining claims subject to this Agreement. Expenditures shall not include Austin NV’s payments of rentals, bonuses, minimum advance royalties, and other payments pursuant to the Underlying Agreements, including, any payments to the parties to the Underlying Agreements to reduce or purchase the mineral production royalties payable under the Underlying Agreements.
1.7 “Exploration and Development Work” means all activities directed toward ascertaining the existence, location, quantity, quality, or commercial value of deposits of minerals on the Property.
1.8 “Austin NV” means Austin American Corporation, a Nevada corporation, and its successors and assigns.
1.9 “Pre-feasibility Study” means a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a preferred mining method, in the case of underground mining, or the pit configuration, in the case of an open pit, is established and an effective method of mineral processing is determined. It includes a financial analysis based on reasonable assumptions on the Modifying Factors and the evaluation of any other relevant factors which are sufficient for a Qualified Person, acting reasonably, to determine if all or part of the Mineral Resource may be converted to a Mineral Reserve at the time of reporting. A Pre-Feasibility Study is at a lower confidence level than a Feasibility Study. To qualify as a pre-feasibility study for the purposes of this agreement, it must be demonstrated that a minimum of 500,000 ounces of gold may be converted from a Mineral Resource to a Mineral Reserve at the time of reporting.
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1.10 “Qualified Person” has the meaning as defined in CIM Definition Standards for Mineral Resources & Mineral Reserves Prepared by the CIM Standing Committee on Reserve Definitions Adopted by CIM Council May 19, 2014, as amended or revised from time to time. (link to CIM Definition Standards: https://mrmr.cim.org/media/1128/cim-definition-standards_2014.pdf)
1.11 “Mineral Resource” has the meaning as defined in CIM Definition Standards for Mineral Resources & Mineral Reserves Prepared by the CIM Standing Committee on Reserve Definitions Adopted by CIM Council May 19, 2014, as amended or revised from time to time.
1.12 “Mineral Reserve” has the meaning as defined in CIM Definition Standards for Mineral Resources & Mineral Reserves Prepared by the CIM Standing Committee on Reserve Definitions Adopted by CIM Council May 19, 2014, as amended or revised from time to time.
1.13 “Property” means the fee lands, unpatented mining claims, real property, agreements and other interests (including all appurtenances and mineral rights) described in Exhibit A, or on any exhibit or schedule which is part of Exhibit A, including all interests acquired under any Underlying Agreement (except as otherwise provided in this Agreement), and all other easements, leases licenses, mineral interests, mineral royalty interests, rights-of-way, surface use rights and interests in real property which are acquired and held subject to this Agreement, including any of the same acquired in the Area of Interest. If Pediment or Austin NV locates any unpatented mining claims or acquires any interests or rights in the Area of Interest, the interests, rights and unpatented mining claims shall be acquired for the benefit of the parties and shall be held and owned subject to the terms of this Agreement. The locating or acquiring party shall be reimbursed its cost by the Joint Venture or, if Austin NV is earning-in its interest, then Austin NV shall pay for the acquisition and the amount will be considered an Expenditure. The parties shall execute an amendment of this Agreement and the memorandum of this Agreement to include the interests, rights and unpatented mining claims.
1.14 “Underlying Agreement” means singly each of and “Underlying Agreements” means collectively the agreements, conveyances and instruments of mining claims, mineral rights or other property interests and rights described in Exhibit A and those entered into or acquired by the parties in accordance with or subject to the terms of this Agreement.
2. Pediment’s Representations and Warranties. Pediment makes the following covenants, representations and warranties all of which shall survive termination of this Agreement and Austin NV’s exercise of its option to enter the Mining Venture Agreement in accordance with Section 8:
2.1 Pediment has made and will make available to Austin NV the information concerning title to the Property in Pediment’s possession or control.
2.2 With respect to the unpatented mining claims included in the Property which were located by Pediment itself, except as provided in Exhibit A and subject to the paramount title of the United States, Pediment represents as follows: (a) to Pediment’s knowledge the unpatented mining claims were properly laid out and monumented; (b) location notices and certificates were properly recorded and filed with appropriate governmental agencies; (c) all affidavits of annual assessment work, notices of intent and other filings required to maintain the claims in good standing have been properly and timely recorded or filed with appropriate governmental agencies; (d) the claims are free and clear of defects, liens and encumbrances arising by, through or under Pediment; (e) the Federal annual mining claim maintenance fees necessary to maintain the unpatented mining claims until September 1, 2020, have been paid timely to the Bureau of Land Management; and (f) all notices of intent, fees and filings required by the laws of the State of Nevada have been timely and properly paid or made to hold the unpatented mining claims through September 1, 2020. Nothing in this Section 2.2, however, shall be deemed to be a representation or a warranty that any of the unpatented mining claims contains a discovery of minerals.
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2.3 Except as described in Exhibit A, Pediment represents that with respect to the Property there are no pending or, to its knowledge, threatened actions, administrative investigations, suits, claims or proceedings, and that there are no conditions on the Property which are or could be the grounds for assertion by a regulatory agency of noncompliance under applicable federal, state and local laws, regulations and ordinances.
2.4 Pediment has made available for inspection by Austin NV all geologic, engineering and other data in its possession pertaining to the Property. Pediment makes no representation concerning such information or with respect to the nature, quality, extent or any other characteristic of the mineral resources, if any, located on the Property.
2.5 Pediment represents and warrants that it is a limited liability company duly organized and in good standing in the State of Nevada and that it is qualified to do business and is in good standing in the jurisdictions where necessary in order to carry out the purposes of this Agreement.
2.6 Pediment represents and warrants: (a) it has the capacity to enter into and to perform this Agreement and all corporate and other actions required to authorize Pediment to enter into and perform this Agreement have been properly taken; (b) that Pediment will not breach any other agreement or arrangement by entering into or performing this Agreement; and (c) that Pediment has properly executed this Agreement and that this Agreement is Pediment’s valid and binding legal obligation enforceable in accordance with its terms.
2.7 Pediment represents and warrants that it is not on the Specially Designated National & Blocked Persons List of the Office of Foreign Assets Control of the United States Treasury Department and is not otherwise blocked or banned by any foreign assets office rule or any other law or regulation, including the USA Patriot Act or Executive Order 13224.
3. Austin NV’s Representations and Warranties.
3.1 Austin BC represents and warrants that it is a British Columbia corporation, and Austin NV represents and warrants that it is a Nevada corporation, and each of Austin BC and Austin NV represents and warrants that is in good standing in the jurisdiction of its incorporation and that it is qualified to do business and is in good standing in the jurisdictions where necessary in order to carry out the purposes of this Agreement.
3.2 Austin NV represents and warrants: (a) it has the capacity to enter into and to perform this Agreement and all actions required to authorize Austin NV to enter into and perform this Agreement have been properly taken; (b) that Austin NV will not breach any other agreement or arrangement by entering into or performing this Agreement; and (c) that Austin NV has properly executed this Agreement and that this Agreement is Austin NV’s valid and binding legal obligation enforceable in accordance with its terms.
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3.3 Each of Austin BC and Austin NV represents and warrants that it is not on the Specially Designated National & Blocked Persons List of the Office of Foreign Assets Control of the United States Treasury Department and is not otherwise blocked or banned by any foreign assets office rule or any other law or regulation, including the USA Patriot Act or Executive Order 13224.
4. Grant of Exploration Right and Possession. Pediment gives and grants to Austin NV during the term of this Agreement the right to prospect and explore for and develop minerals on the Property, subject to the terms of this Agreement, to the extent Pediment has the authority to grant such right under applicable federal and state laws and regulations and the terms of the Underlying Agreements. The foregoing grant from Pediment to Austin NV shall be exclusive to the extent Pediment has the contractual or legal authority to grant an exclusive right. To the extent that Pediment has surface, access and water rights relating to the Property and to the extent permitted by law, Pediment grants to Austin NV the right to exercise such rights. Subject to the terms of this Agreement and during the term of this Agreement Austin NV shall have the exclusive right to enter at any and all times upon the Property to undertake any and all types of mineral exploration and development work.
5. Term. The term of this Agreement shall begin on the Effective Date and shall continue to and including June 1, 2024, and, if Austin NV completes its initial Earn-In Obligation, thereafter until the parties execute and deliver the Operating Agreement described in Section 8, unless this Agreement is otherwise terminated or extended as provided in this Agreement.
6. Austin NV’s Initial Earn-In Obligation.
6.1 Subject to Austin NV’s right (a) to accelerate performance of its Earn-In Obligation under this Agreement; (b) to terminate this Agreement as provided in Section 14; and (c) to extend the time for performance of its obligations as provided in Section 16, Austin NV agrees to incur Expenditures on or before the dates described in the following schedule (collectively the “Earn-In Obligation”).
| Minimum | Cumulative | |||||||
| Performance Date | Annual Amount | Amount | ||||||
| September 1, 2021 | $ | 1,000,000 | $ | 1,000,000 | ||||
| June 1, 2022 | $ | 1,000,000 | $ | 2,000,000 | ||||
| June 1, 2023 | $ | 1,500,000 | $ | 3,500,000 | ||||
| June 1, 2024 | $ | 1,500,000 | $ | 5,000,000 | ||||
Austin NV’s obligation for Expenditures on or before September 1, 2021, is a firm and unconditional commitment, and includes as a firm and unconditional commitment Austin NV’s obligation to pay the Federal annual mining claim maintenance fees for the unpatented mining claims which comprise the Property for the annual assessment year from September 1, 2020, to September 1, 2021, which are due on September 1, 2020, to record the notices of intent to hold and to pay the fees required under Nevada law for the recording of the notices of intent to hold, and to pay all payments and to perform all obligations under the Underlying Agreements which accrue or otherwise become due under the Underlying Agreements on or before September 1, 2021. Austin NV shall perform the foregoing obligations each year so long as this Agreement is effective. Until Austin NV completes the Earn-In Obligation, or the Additional Earn-In Obligation as described in Section 8.4, if applicable, Austin NV will fund and pay all costs and expenses incurred for Exploration and Development Work and all other costs and expensed incurred by Austin NV in respect of this Agreement. If Austin NV does not complete Expenditures in the amount of One Million Dollars ($1,000,000.00) on or before September 1, 2021, then on or before October 1, 2021, Austin NV shall pay to Pediment the amount equal to the sum of One Million Dollars ($1,000,000.00) less the amount of Austin NV’s actual Expenditures incurred on or before September 1, 2021.
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If Austin NV terminates this Agreement before completing its Earn-In Obligation or if Austin NV does not complete its Earn-In Obligation on or before June 1, 2024, Austin NV shall have no right, title or interest in the Property.
Expenditures incurred by Austin NV during any period in excess of those prescribed for the period shall be credited in Austin NV’s favor against subsequent Expenditure obligations. If on or before June 1, 2022, June 1, 2023, and June 1, 2024, Austin NV does not incur the yearly Expenditures in the required amount on or before such dates, Austin NV shall have the option and right, exercisable in Austin NV’s sole and exclusive discretion, to elect to pay to Pediment in cash an amount equal to the difference between the Expenditures actually incurred and the amount described above for the period (the “Differential Payment”). In such case, Austin NV shall be deemed to have incurred the Expenditures for the period for which Austin NV timely pays the Differential Payment. Austin NV quarterly shall provide to Pediment a description of the Expenditures made by Austin NV, and Pediment shall have the right to audit and inspect Austin NV’s records relating to such Expenditures. Austin NV shall have the option and right (the “Share Payment Option”), exercisable in Austin NV’s sole and exclusive discretion in respect of the Expenditure, to elect to pay the Differential Payment in the form of shares of the duly issued, fully paid, duly registered shares of the common stock of Austin BC, but only if such shares are listed for trading on the Toronto Stock Exchange, the TSX Venture Exchange, Canadian Stock Exchange, the OTCQB, or another internationally recognized stock exchange. Austin NV may exercise the Share Payment Option for only one yearly Expenditure obligation.
6.2 Subject to Pediment’s right to advise Austin NV and to comment on Austin NV’s plans for operations on the Property, Austin NV shall have sole discretion to determine the location, conduct, direction and other aspects of Austin NV’s Earn-In Obligation.
6.3 Austin NV shall conduct all activities under this Agreement and on the Property in conformance with all applicable laws, regulations and ordinances of the United States, the State of Nevada and legal subdivisions of the State of Nevada.
7. Share Payment Option Shares. Austin NV’s payment of the Differential Payment pursuant to Section 6.1 shall be subject to the terms of this Section 7. The Payment Shares shall be subject to the requirements of all applicable Canadian, United States, provincial and state laws and regulations and the rules of each exchange or trading association on which the Payment Shares are listed for trading or are traded. Pediment acknowledges that the Payment Shares have not been registered under any United States or state securities laws, and that the Payment Shares may not be offered or sold in the United States unless subsequently registered under applicable United States and state securities laws or unless exemptions from registration requirements are available for the transaction, as established to the satisfaction of Austin BC, by opinion of counsel or otherwise. Pediment understands and acknowledges that Austin BC is not obligated to file and has no present intention of filing with the United States Securities and Exchange Commission or any state securities administrator any registration statement in respect of resales of the Payment Shares in the United States.
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8. Austin NV’s Option to Enter Mining Joint Venture. In consideration of Austin NV’s performance of its initial Earn-In Obligation, Pediment grants to Austin NV, and Austin NV shall have, the option and right, exercisable in Austin NV’s sole and exclusive discretion, to earn and vest an undivided fifty-one percent (51%) interest in the Property and to form a joint venture (the “Joint Venture”) for the management and ownership of the Property. When Austin NV has completed its initial Earn-In Obligation by completion of the Expenditures in the amount of Five Million Dollars ($5,000,000.00), Austin NV shall be deemed to have exercised its right to enter into the Joint Venture with Pediment on the Property, unless Austin NV informs Pediment that Austin NV has elected to not exercise its option and right to enter into the Joint Venture. Austin NV shall deliver notice to Pediment of Austin NV’s completion of its Earn-In Obligation within thirty (30) days after such completion. At any time during the term of this Agreement, Austin NV shall have the right to accelerate performance of its Earn-In Obligation.
On Austin NV’s performance of its Earn-In Obligation, Pediment and Austin NV will execute and deliver to each other a definitive mining venture agreement based on the Rocky Mountain Mineral Law Foundation Exploration, Development and Mining LLC Model Form 5A LLC Operating Agreement (“Operating Agreement”), which shall incorporate the following terms and conditions:
8.1 Pediment’s initial participating interest shall be forty-nine percent (49%) and Austin NV’s initial participating interest shall be fifty-one percent (51%).
8.2 Austin NV’s initial contribution shall be Five Million Dollars ($5,000,000.00). Pediment’s initial contribution shall be Four Million Eight Hundred Three Thousand Nine Hundred Twenty-one Dollars ($4,803,921.00).
8.3 Subject to Sections 8.4 and 8.5, after Austin NV has completed its Earn-In Obligation, the parties shall contribute to future Expenditures in accordance with their respective participating interests as prescribed in the Operating Agreement. If a party does not contribute to future Expenditures in accordance with its respective participating interest, such party’s interest shall be adjusted not less than once annually such that its participating interest shall be in the proportion that the sum of its initial contribution (as determined in accordance with Sections 8.2, 8.4, and 8.5) and its additional contributions bears to the sum of both parties’ initial contributions and additional contributions.
8.4 Austin NV shall have the option and right to elect to increase its participating interest by an additional nineteen percent (19%) to a total of seventy percent (70%) by incurring and paying additional yearly Expenditures in the amount of One Million Five Hundred Thousand Dollars on or before each of June 1, 2025, June 1, 2026, and June 1, 2027, and by completing and delivering to Pediment and bearing the costs to prepare a Pre-feasibility Study for the Property (the “Additional Earn-In Obligation”). Austin NV must exercise the option within six (6) months after the date it completes its initial Earn-In Obligation. Austin NV must deliver written notice of its election to Pediment. If Austin NV does not timely exercise the option and deliver notice to Pediment, Austin NV shall be deemed to have irrevocably waived the option. If Austin NV elects to increase its participating interest in the Joint Venture to seventy percent (70%), the following provisions shall apply:
8.4.1 Austin NV must complete the Additional Earn-In on or before June 1, 2028. If Austin NV completes its Additional Earn-In, Pediment shall grant to Austin NV an additional nineteen percent (19%) participating interest to increase Austin NV’s total participating interest to seventy percent (70%). In such case, for purposes of calculating dilution, Austin NV’s contribution shall be the sum of Five Million Dollars ($5,000,000.00) plus the cost of completion of the Additional Earn-In. In such case, Pediment’s contribution shall be deemed to be the amount of Austin NV’s contribution multiplied by 30/70.
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8.4.2 If Austin NV does not complete the Additional Earn-In on or before June 1, 2028, Austin NV’s right to increase its participating interest shall terminate and its participating interest shall remain fifty-one percent (51%) and Pediment’s participating interest shall remain forty-nine percent (49%). In such case, for purposes of calculating dilution, Austin NV’s initial contribution shall be the sum of Five Million Dollars ($5,000,000.00) plus the cost incurred by Austin NV in its attempt to perform its Additional Earn-In and Pediment’s initial contribution shall be deemed to be the amount of Austin NV’s initial contribution multiplied by 49/51.
8.5 When Austin NV has earned a 51% interest, the Joint Venture shall be deemed to be effective, and after such date each party will be responsible for its proportionate share of Joint Venture expenditures, except that if Austin NV elects to increase its interest to 70%, Austin NV shall fund and pay all Joint Venture expenditures until Austin NV completes the Additional Earn-In Obligation or Austin NV does not timely complete the Additional Earn-In Obligation and its interest is fixed at 51%. If either party chooses not to participate at the level of its interest in the joint venture (51%-49% or 70%-30%, as applicable), its interest will be diluted through the standard dilution formula found in Form 5A LLC.
If Austin NV does not elect to increase its participating interest by an additional nineteen percent (19%) to a total of seventy percent (70%), on or before six (6) months after the effective date of formation of the Joint Venture, Austin NV shall present a program and budget for Exploration and Development Work for the first twelve (12) months following the effective date of formation of the Joint Venture in an amount not less than Five Hundred Thousand Dollars ($500,000.00), plus the amount necessary to maintain the status and title of the Property, unless the parties otherwise agree to a budget in a lesser amount. At least two (2) months before the end of the initial twelve-month period and each subsequent twelve-month period, Austin NV shall present an equivalent program and budget, unless the parties otherwise agree to a budget in a lesser amount. If for any period the parties agree to a program and budget in a lesser amount, such program and budget must be in an amount not less than is necessary to pay all costs to maintain the status and title of the Property.
If following formation of the Joint Venture Austin NV fails to present programs and budgets compliant with the terms of this Section, Pediment shall have the right and option, exercisable in its sole and exclusive discretion, to elect to become the operator in place of Austin NV. In such event, Pediment may prepare and present subsequent programs and budgets which the Joint Venture shall be deemed to have approved notwithstanding that Pediment’s Joint Venture interest is less than Austin NV’s Joint Venture interest. If Pediment’s Joint Venture interest is less than Austin NV’s Joint Venture interest when Pediment exercises the option and prepares a program and budget, Pediment shall fund the portion of the program and budget Expenditures necessary to increase Pediment’s cumulative contributions in such amount that the parties’ respective cumulative contributions to the Joint Venture are 49% for Austin NV and 51% for Pediment. Thereafter, the parties shall contribute to and fund future Expenditures in accordance with their respective participating interests as prescribed in the Operating Agreement, subject to dilution as provided in Section 8.3.
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If Pediment fails to present programs and budgets compliant with the terms of this Section, Austin NV shall have the right and option, exercisable in its sole and exclusive discretion, to elect to become the operator in place of Pediment. In such event, Austin NV may prepare and present subsequent programs and budgets which the Joint Venture shall be deemed to have approved notwithstanding that Austin NV’s Joint Venture interest is less than Pediment’s Joint Venture interest. If Austin NV’s Joint Venture interest is less than Pediment’s Joint Venture interest when Austin NV exercises the option and prepares a program and budget, Austin NV shall fund the portion of the program and budget Expenditures necessary to increase Austin NV’s cumulative contributions in such amount that the parties’ respective cumulative contributions to the Joint Venture are 49% for Pediment and 51% for Austin NV. Thereafter, the parties shall contribute to and fund future Expenditures in accordance with their respective participating interests as prescribed in the Operating Agreement, subject to dilution as provided in Section 8.3.
At Pediment’s election, which must be made within 120 days of the approval by the joint venture of a Feasibility Study, Austin will be obligated to provide Pediment’s portion of any debt financing or arrange for third party financing of Pediment’s portion of any debt financing required to construct a mine on the project described in the Feasibility Study in consideration for the transfer by Pediment to Austin of a 5-per-cent interest in the joint venture.
If Austin NV increases its interest in the Joint Venture in accordance with this Section, for purposes of calculating dilution, Austin NV’s Contribution to the Joint Venture shall be the sum of its initial contribution, its Additional Earn-In under Section 8.4 (if applicable) and its actual contributions for development of the mine, together Austin NV’s Total Contribution. In such case, if Austin NV increases its participating interest by the additional five percent (5%), Pediment’s contribution shall be deemed to be the amount equal to Austin NV’s Total Contribution multiplied by [Pediment’s percentage interest]/[Austin NV’s percentage interest].
If at any time a party's participating interest in the Joint Venture is diluted to below ten percent (10%), such diluted party shall be deemed to have withdrawn and been converted to a non-administrative, non-executive and non-working ten percent (10%) net profits payment interest to be calculated and paid in accordance with Exhibit B. The diluted party’s rights under the Operating Agreement shall terminate and the diluted party shall have no right, title or interest in the Property, except for the reserved net profits payment.
8.6 Austin NV shall be the initial manager of the Joint Venture and shall have control of the activities and operations of the Joint Venture. Subject to Section 8.5, Austin NV shall have the right to act as manager until such time as its participating interest in the Joint Venture is less than the participating interest of any other party to the Joint Venture.
8.7 A Management Committee shall be established and each party shall have one (1) representative on the Management Committee. The Management Committee shall meet periodically and not less than one (1) time annually. Each party shall be entitled to vote on matters before the Management Committee in the proportion of its participating interest. Matters submitted to the Management Committee shall be determined by a vote of the majority of the participating interests. One (1) time annually, the Management Committee shall establish the Plan of Work for the following year that specifically outlines a plan of Expenditures.
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8.8 Each party to the Operating Agreement shall have the right to assign its interest in the Joint Venture to any parent or subsidiary corporation or limited liability company subject to Section 21.
8.9 Title to the Property shall be transferred to the Joint Venture which shall hold title subject to the Operating Agreement.
9. Title. On Austin NV’s request, Pediment will make available to Austin NV such abstracts of title and other title records pertaining to the Property which Pediment may have. On Austin NV’s request, Pediment shall prepare and deliver to Austin NV a report of ownership of the Property and the properties subject to the Underlying Agreements. Austin NV shall reimburse Pediment for the costs of preparation of the report. Austin NV may cure as it elects any defects in the title to the patented lands and the unpatented mining claims or the location, recordation or filing of the unpatented mining claims which comprise the Property. Pediment agrees to cooperate fully with the curing of the deficiencies at Austin NV’s expense. Austin NV’s title curative expenses shall be qualified Expenditures.
Pediment additionally agrees that Austin NV, on reasonable notice to and consultation with Pediment, may relocate or amend mining claims part of the Property and refile or re-record any documents or instruments for any mining claim part of the Property. If required for the relocation of any mining claim part of the Property, Pediment agrees to execute notices of abandonment of such mining claims as Austin NV reasonably requests. This Agreement and the Operating Agreement shall apply to and include any and all amendments or relocations of the unpatented mining claims part of the Property.
The parties desire to insure that any and all interests of the parties in the lands subject to the unpatented mining claims which comprise all or part of the Property, including any rights or interests acquired in such lands under the mining laws, as amended, repealed or superseded, shall be part of the Property and shall be subject to this Agreement. If pursuant to any amendment of the mining laws, Pediment is granted the right to convert its interest in the unpatented mining claims which comprise the Property to a lease, license, permit or other right or interest, all such rights or interests shall be deemed to be part of the Property subject to this Agreement. In such case, the parties shall execute and deliver an addendum to this Agreement, in recordable form, which provides that all such converted rights or interests are part of the Property and are subject to this Agreement.
If the United States or any third party attacks the validity of the mining claims which are part of the Property, Austin NV shall have no obligation to defend their validity unless Austin NV is required to do so by reason of its assumption of Pediment’s obligations under the Underlying Agreements or unless the attack is based on Austin NV’s failure to maintain the validity of such mining claims. If Austin NV elects not to defend the validity of any of the unpatented mining claims which are part of the Property, it shall notify Pediment and Pediment, at its election, may defend any such attack on the mining claims. If Pediment successfully defends against such an attack on the validity of the mining claims, Pediment’s expenditures shall be considered Expenditures and Austin NV shall be obligated to reimburse Pediment for the amount of the same. Austin NV shall not be required to defend any attack based upon any change in law effective after the Effective Date of this Agreement.
10. Maintenance of Property. Austin NV will provide Pediment evidence of: (a) its payments under the Operating Agreements not less than thirty (30) days before the applicable deadlines for such payments; (b) its payments of taxes and mining claim maintenance fees as required by this Section not less than thirty (30) days before the applicable deadlines for such payments; and (c) its payments of taxes as required by Section 12 not less than forty-five (45) days before the applicable deadlines for such payments. Austin NV shall perform the assessment work and pay the Federal annual mining claim maintenance fees required to be paid for the unpatented mining claims part of the Property for the assessment year ending September 1, 2021, and for every succeeding assessment year during which Austin NV continues this Agreement to a date which is within sixty (60) days before the applicable statutory or regulatory deadline for maintenance of the unpatented mining claims for the succeeding assessment year. Austin NV shall perform and shall provide to Pediment proof of performance of the foregoing maintenance obligations not less than thirty (30) days before the statutory or regulatory deadline. Austin NV’s obligation to pay the Federal annual mining claim maintenance fees due September 1, 2020 for the annual assessment year ending on September 1, 2021, is a firm and unconditional obligation.
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Austin NV shall be relieved from performance of annual assessment work or other work or payment obligations under this Section for any period in which the assessment or other work or payment requirement is suspended, and Austin NV shall have the benefit of laws enacted which relate to assessment work, including any laws which extend the time within which to perform assessment or other work to make payments. For each year in which Austin NV performs assessment or other work or makes payments, it shall record and file, as required by law, an affidavit of such assessment work or payment or other required recordings or filings.
Upon Austin NV’s failure to provide timely proof of performance of its obligations under this Section, Pediment may make any such payment on behalf of Austin NV and for the account of Austin NV, although Pediment shall be under no obligation to do so. Austin NV will reimburse Pediment for the cost of any such payment within ten (10) days after Austin NV’s receipt of notice from Pediment that Pediment has made such payment.
Until the parties form a Joint Venture in accordance with Section 8 and, afterward, during the period of Austin NV’s performance of its Additional Earn-In Obligation, Austin NV shall perform Pediment’s obligations under the Underlying Agreements.
11. Communications with Pediment and Inspection. Pediment and its agents, employees and representatives at any reasonable time and on advance notice to Austin NV may enter the Property for inspection, but any such entry shall be at Pediment's own risk and Pediment shall defend, indemnify and hold Austin NV harmless against and from any damage, loss or liability by reason of injury to Pediment or its agents, representatives or employees while on the Property, except damage, loss or injury arising from the negligence or misconduct of Austin NV or its employees or agents. Austin NV and Pediment shall meet at regular intervals as requested by Pediment (not more frequently than quarterly) in order for Austin NV to report to Pediment on the status and progress of the Exploration and Development Work and Austin NV's plans for future operations on the Property. Austin NV quarterly shall deliver to Pediment copies of all exploration and other data, including drill hole maps, drill logs, sample maps, sample assay reports (drill hole and all other samples) and other data acquired or developed by Austin NV during the quarter. Austin NV shall semi-annually deliver to Pediment copies of all exploration plans and progress reports concerning Exploration and Development Work and engineering or other studies and reports developed by Austin NV or its agents and consultants concerning the Property, provided, however, that Austin NV shall have no obligation to deliver to Pediment Austin NV’s confidential or proprietary business, financial or investment plans or reports not directly relating to the Exploration and Development Work. Austin NV shall promptly communicate to Pediment any extraordinary results obtained from operations upon receipt of the results and shall prepare and deliver to Pediment reports on operations that have been conducted, but that have not previously been reported upon promptly after being requested to do so by Pediment.
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12. Payment of Taxes. Austin NV shall pay all taxes assessed against any personal property which it may place on the Property. Austin NV may take such action as it deems proper to obtain a reduction or refund of taxes paid or payable by it. Except as otherwise provided in this Agreement, Pediment shall pay all other taxes assessed against the Property, including all taxes assessed or payable at the time of the execution of this Agreement.
13. Indemnification and Insurance.
13.1 Austin NV shall defend, indemnify and save harmless Pediment against and from any damage, loss or liability by reason of injury to person or damage to property as the result of its operations during the term of this Agreement. Austin NV’s accrued obligations under this Section shall survive termination of this Agreement and exercise of its option to enter the Mining Venture Agreement. Austin NV shall keep the Property free of all liens and encumbrances arising from its obligations provided, however, that Austin NV may contest the validity of any lien on the Property, and the existence of any such lien shall not be deemed a default under this Agreement if contested by Austin NV, unless the lien is finally adjudicated to be valid and is not discharged by Austin NV.
13.2 Austin NV shall provide, maintain and keep in force comprehensive all risk, public liability insurance against claims for personal injury, including, without limitation, bodily injury, death or property damage occurring on, in or about the Property, such insurance to afford immediate minimum protection to a limit of not less than Two Million Dollars U.S. currency ($2,000,000.00US) with respect to personal injury or death to any one or more persons or damage to property. Austin NV shall on Pediment's request furnish to Pediment a certificate of all policies of required insurance which shall identify Pediment as a named or additional insured. Each policy shall contain a provision that the policy will not be cancelled or materially amended, which terms shall include any reduction in the scope or limits of coverage, without at least fifteen (15) days' prior written notice to Pediment. If Austin NV fails to provide, maintain, keep in force or deliver and furnish to Pediment the policies of insurance required under this Section, Pediment may, but is not obligated to, procure such insurance or single-interest insurance for such risks covering Pediment's interest and Austin NV shall promptly reimburse Pediment for all costs incurred by Pediment to obtain the insurance.
14. Termination by Austin NV. Austin NV may terminate this Agreement at any time after Austin NV has completed the Earn-In Obligation which Austin NV is obligated to perform on or before September 1, 2021. If Austin NV terminates this Agreement, except by its election to enter the Joint Venture as provided in Section 8, Austin NV shall perform the following obligations:
14.1 Austin NV shall perform all accrued obligations and shall make all payments and take all other actions necessary, including payment of the Federal annual mining claim maintenance fees which accrue or become due within sixty (60) days after Austin NV’s delivery of notice to Pediment, and recording of the notices of intent to hold and affidavits of payment of the Federal annual mining claim maintenance fees in accordance with Nevada law, on or before the times described in this Agreement necessary to ensure that without any action by Pediment the Property and the Underlying Agreements shall be in good standing on the date of termination.
14.2 Austin NV shall deliver to Pediment copies of any and all title, geological, metallurgical, exploration, assay and engineering reports and data pertaining to the Property or related to operations (in paper or digital form), and splits of mineral samples, drill cuttings, and drill cores, which have not been previously delivered to Pediment.
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14.3 Austin NV shall, at Austin NV's sole expense, perform and secure the performance of all reclamation and remediation relating to Austin NV’s operations on the Property during the term of this Agreement as required by all applicable laws and regulations.
14.4 Austin NV shall remove all of its materials, supplies and equipment from the Property; provided, however, that Pediment may retain or, at Austin NV’s cost, dispose of any such materials, supplies or equipment not removed from the Property within ninety (90) days of Austin NV’s receipt of Pediment’s request.
14.5 Austin NV shall perform all obligations of Austin NV which expressly survive the termination of this Agreement.
15. Termination by Pediment. If Austin NV defaults in any of its obligations, Pediment may give Austin NV written notice and specify the default or defaults. If within thirty (30) days, or fifteen (15) days in the event of a payment default, Austin NV has not cured such default or, with respect to defaults not capable of being cured in thirty (30) days, and in the case of a payment default within fifteen (15) days, begun and diligently pursued efforts to cure such default, Pediment may terminate this Agreement by written notice to Austin NV. If Austin NV disputes that any default has occurred, the matter shall be determined by litigation in a court of competent jurisdiction, and if the court finds Austin NV is in default, Austin NV shall have a reasonable time (which in any case shall not be less than thirty (30) days, and in the case of a payment default, fifteen (15) days, from receipt of notice of the judgment or order) to cure such default, and if so cured, Pediment shall have no right to terminate this Agreement by reason of such default.
16. Force Majeure. Notwithstanding any other provision of this Agreement, the term of this Agreement shall be extended by the duration of any event of force majeure, and the obligations of Austin NV under this Agreement, except Austin NV’s obligation to pay the costs of maintaining the condition of and title to the Property, shall be suspended and Austin NV shall not be deemed in default or liable for damages or other remedies while Austin NV is prevented from compliance with its obligations by force majeure. If a force majeure event prevents Austin NV’s performance of its annual Earn-In or Additional Earn-In Obligations, the time for Austin NV’s performance of such annual Earn-In or Additional Earn-In Obligations shall be extended by the duration of the force majeure event. The time for performance of Austin NV’s performance of its subsequent annual Earn-In or Additional Earn-In Obligations shall be extended for the period equal to the duration of each force majeure event. For purposes of this Agreement, force majeure shall include, but not be limited to, acts of God, the elements, an escalation in the severity of the COVID-19 pandemic, riots, acts or failure to act on the part of federal or state agencies or courts, inability to secure materials or to obtain access to the Property, strikes, lockouts, damage to, destruction or unavoidable shutdown of necessary facilities, or any other matters (whether or not similar to those above mentioned) beyond Austin NV's reasonable control; provided, however, that force majeure shall not include financial inability to perform, and provided further that settlement of strikes or lockouts shall be entirely within the discretion of Austin NV. Austin NV shall promptly notify Pediment of the occurrence of any force majeure event and of the cessation of the force majeure event.
17. Effect of Termination. Except as otherwise provided in this Agreement, in case of termination of this Agreement under its terms or for any cause other than as a consequence of Austin NV and Pediment’s execution of the Mining Venture Agreement, Austin NV shall have no further liability or obligation, except for those which have accrued at the date of termination, those specified in Section 13 concerning indemnification, and those described in Section 14.
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18. Change in Ownership of Property. Changes in the ownership of the Property occurring after execution of this Agreement shall not be binding upon Austin NV until it receives written notice of such change, together with a copy of the recorded document which reflects such change. No change or division in the ownership of the Property shall operate to enlarge the obligations or diminish the rights of Austin NV under this Agreement.
19. Notice. Any notices required or authorized to be given by this Agreement shall be in written form. Any notices required or authorized to be given by this Agreement may be sent by registered or certified delivery, postage prepaid and return receipt requested, addressed to the proper party at the following address or such address as the party shall have designated to the other parties in accordance with this Section. Any notice required or authorized to be delivered by this Agreement shall be deemed to have been sufficiently delivered or served in written form if: (a) mailed in accordance with this Section; (b) personally delivered to the proper party; or (c) delivered by telex, telegraph, facsimile or other electronic transmission and actually received by such party. Delivery of notice shall be effective on the first business day after the party deposits the notice for mailing or delivers the notice by the other means authorized in this Section, as applicable.
| If to Pediment: | Pediment Gold LLC | |
| ***@*** | ||
| If to Austin BC: | Austin Gold Corp. | |
| ***@*** | ||
| If to Austin NV: | Austin American Corporation | |
| ***@*** |
20. Memorandum of Agreement. Concurrently on execution of this Agreement, Pediment and Austin NV will execute a memorandum of agreement, in a form reasonably acceptable to both parties, covering the Property for purposes of recording.
21. Assignment. Subject to the provisions of this Section, either Pediment or Austin NV may assign its rights under this Agreement or its subsequent participating interest in the Joint Venture to an affiliate or subsidiary controlled or owned by Pediment or Austin NV (or their parent corporations), as applicable, or the parent corporation of Pediment or Austin NV, as applicable, in whole or in part, and this Agreement shall be binding upon and enure to the benefit of the parties, and their successors and assigns. If a party intends to transfer to a third party all or any part of its interest in the Property or this Agreement, it may do so only in accordance with this Section.
If a party whose participating interest is less than fifty percent (50%) (“Transferor”) decides to offer to sell its interest in the Property or under this Agreement or intends to transfer to a third party all or any part of its interest in the Property or in or under this Agreement on the terms Transferor determines is acceptable, Transferor shall promptly notify the other party (the “Offeree”) of such party’s intentions. Offeree shall have thirty (30) days from the date it receives such notice to deliver to Transferor an offer to acquire Transferor’s interest. If Offeree fails to deliver an offer within the period provided for in this Section, Transferor may sell or otherwise transfer the offered interest to a third party on any terms Transferor determines. If Offeree delivers an offer to Transferor, Transferor may, but is not obligated to, accept the offer or Transferor may transfer the offered interest to any third party on terms more favorable than those described in Offeree’s offer to Transferor. Transferor may propose to transfer all or any part of its interest in the Property or in or under this Agreement only in accordance with an agreement which provides that such interest is the sole interest proposed to be transferred. Transferor may not attempt to transfer any such interest as part of a group or package of interests in other agreements or properties.
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22. Guarantee. Austin BC is a party to this agreement only to guarantee the performance of its subsidiary Austin NV’s obligation for Expenditures on or before September 1, 2021, which represents a firm and unconditional commitment as described in Section 6.1. This guarantee is absolute, irrevocable, primary and unconditional, irrespective of any circumstances which might otherwise constitute a legal or equitable discharge or defense of or by Austin BC.
23. Currency. Except as otherwise provided in this Agreement, dollar amounts are expressed in lawful currency of Canada.
24. Relationship of the Parties. Nothing contained in this Agreement shall be deemed to constitute either party the partner of the other, nor, except as otherwise expressly provided, to constitute either party the agent or legal representative of the other, nor to create any fiduciary relationship between them. It is not the intention of the parties to create, nor shall this Agreement be construed to create, any mining, commercial or other partnership. Neither party shall have any authority to act for or to assume any obligation or responsibility on behalf of the other party, except as otherwise expressly provided. It is the express purpose and intention of the parties that their ownership of the Property and the rights acquired shall be as tenants in common.
25. Confidentiality. Subject to the provisions of this Section, the existence and terms of this Agreement and all information obtained in connection with the performance of this Agreement shall be the exclusive property of the parties and shall not be disclosed by a party to any third party or to the public without the prior written consent of the other party. If a party is required under applicable laws or regulations or the rules of any stock exchange or stock listing association applicable to such party as measured by the standards of materiality applicable to such party to disclose the existence of this Agreement or any information obtained in connection with the performance of this Agreement, such party shall notify the other party of the disclosure.
26. Governing Law and Dispute Resolution. This Agreement, and the performance of the parties, shall be governed by the laws of the State of Nevada. The parties agree and submit to jurisdiction and venue of any action concerning construction of this Agreement or enforcement of any of the rights and obligations of the parties under this Agreement in the Second Judicial District Court, Washoe County, Reno, Nevada.
27. Binding Effect of Obligations. This Agreement shall be binding upon and inure to the benefit of the respective parties and their successors or assigns.
28. Entire Agreement. The parties agree that the entire agreement between them is written in this Agreement and in a memorandum of agreement of even date. There are no terms or conditions, express or implied, other than expressly stated in this Agreement. This Agreement may be amended or modified only by a written instrument signed by the parties with the same formality as this Agreement.
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29. Multiple Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which shall constitute the same Agreement. A facsimile, photocopy or scanned copy of this Agreement as executed by one or both parties shall be duly executed and binding upon the signing parties, and shall be deemed to be delivered upon delivery by facsimile, e-mail, courier, mail or personal delivery.
30. Severability. If any part, term or provision of this Agreement is held by a court of competent jurisdiction to be illegal or in conflict with any governmental regulations, the validity of the remaining portions or provisions shall not be affected, and the rights and obligations of the parties shall be construed and enforced as if the Agreement did not contain the particular part, term or provision held to be invalid.
Executed effective on the Effective Date.
| Pediment Gold LLC | |
| By | /s/ Wade A. Hodges |
| Name | Wade A Hodges |
| Title | Manager |
| Austin American Corporation | |
| By | /s/ Joe Ovsenek |
| Name | Joe Ovsenek |
| Title | Director |
| Austin Gold Corp. | |
| By | /s/ Darcy Higgs |
| Name | Darcy Higgs |
| Title | Corporate Secretary and Director |
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Exploration and Option to Enter Joint Venture Agreement
Kelly Creek Project
Exhibit A
Description of Property Humboldt County, Nevada
| A. | Unpatented Mining Claims Owned by Pediment Gold LLC. |
See attached list of PHP & KCB Claims.
| B. | Area of Interest. |
See attached Map.
| C. | Underlying Agreements. |
| (1) | Mining Lease Agreement by and between Julian Tomera Ranches, Inc., Battle Mountain Division, a Nevada corporation, and Pediment Gold LLC, a Nevada limited liability company, dated effective September 16, 2004. |
| (2) | Net Smelter Return Royalty Agreement by and between RG Royalties, LLC, a Delaware limited liability company and wholly owned subsidiary of Royal Gold, Inc., and Pediment Gold LLC, a Nevada limited liability company, dated effective June 19, 2006. |
| (3) | Mining Lease and Option to Purchase Agreement by and between Genesis Gold Corporation, a Utah corporation, and Pediment Gold LLC, a Nevada limited liability company (“Pediment”), and Nevada Exploration Inc., a Canadian corporation, dated October 1, 2009 – see attached list of HP claims. |
| D. | Exceptions to Title. |
Paramount title of the United States.
For fee lands subject to the Mining Lease Agreement, water rights purchased by the United States as part of the Rye Patch dam and reservoir assembly. All other rights and uses returned to owner, as documented by Acquired Land Card – Plat Page No 1272.
| E. | Physical Conditions on the Property. |
None to Pediment’s knowledge.
Company Name: Pediment Gold LLC
Exhibit A - HP Claims
The following unpatented mining claims are generally located in Section 2, 10, 14, 16, 22, 24, and 26, Township 35 North, Range 43 East, Mount Diablo Meridian, Humboldt County, Nevada.
| Claim Name | Location Date | County Recording Information | BLM Filing Information | County | ||
| Doc # | Record Date | BLM Serial No. Record Date | ||||
| HP 1 | 2-Sep-06 | 2006-8130 | 27-Nov-06 | NMC938721 | 22-Nov-06 | Humboldt |
| HP 2 | 2-Sep-06 | 2006-8131 | 27-Nov-06 | NMC938722 | 22-Nov-06 | Humboldt |
| HP 3 | 2-Sep-06 | 2006-8132 | 27-Nov-06 | NMC938723 | 22-Nov-06 | Humboldt |
| HP 4 | 2-Sep-06 | 2006-8133 | 27-Nov-06 | NMC938724 | 22-Nov-06 | Humboldt |
| HP 5 | 2-Sep-06 | 2006-8134 | 27-Nov-06 | NMC938725 | 22-Nov-06 | Humboldt |
| HP 6 | 2-Sep-06 | 2006-8135 | 27-Nov-06 | NMC938726 | 22-Nov-06 | Humboldt |
| HP 7 | 2-Sep-06 | 2006-8136 | 27-Nov-06 | NMC938727 | 22-Nov-06 | Humboldt |
| HP 8 | 2-Sep-06 | 2006-8137 | 27-Nov-06 | NMC938728 | 22-Nov-06 | Humboldt |
| HP 10 | 2-Sep-06 | 2006-8139 | 27-Nov-06 | NMC938730 | 22-Nov-06 | Humboldt |
| HP 19 | 2-Sep-06 | 2006-8148 | 27-Nov-06 | NMC938739 | 22-Nov-06 | Humboldt |
| HP 20 | 2-Sep-06 | 2006-8149 | 27-Nov-06 | NMC938740 | 22-Nov-06 | Humboldt |
| HP 21 | 2-Sep-06 | 2006-8150 | 27-Nov-06 | NMC938741 | 22-Nov-06 | Humboldt |
| HP 22 | 2-Sep-06 | 2006-8151 | 27-Nov-06 | NMC938742 | 22-Nov-06 | Humboldt |
| HP 23 | 2-Sep-06 | 2006-8152 | 27-Nov-06 | NMC938743 | 22-Nov-06 | Humboldt |
| HP 24 | 2-Sep-06 | 2006-8153 | 27-Nov-06 | NMC938744 | 22-Nov-06 | Humboldt |
| HP 25 | 2-Sep-06 | 2006-8154 | 27-Nov-06 | NMC938745 | 22-Nov-06 | Humboldt |
| HP 26 | 2-Sep-06 | 2006-8155 | 27-Nov-06 | NMC938746 | 22-Nov-06 | Humboldt |
| HP 27 | 2-Sep-06 | 2006-8156 | 27-Nov-06 | NMC938747 | 22-Nov-06 | Humboldt |
| HP 28 | 2-Sep-06 | 2006-8157 | 27-Nov-06 | NMC938748 | 22-Nov-06 | Humboldt |
| HP 29 | 2-Sep-06 | 2006-8158 | 27-Nov-06 | NMC938749 | 22-Nov-06 | Humboldt |
| HP 30 | 2-Sep-06 | 2006-8159 | 27-Nov-06 | NMC938750 | 22-Nov-06 | Humboldt |
| HP 31 | 2-Sep-06 | 2006-8160 | 27-Nov-06 | NMC938751 | 22-Nov-06 | Humboldt |
| HP 32 | 2-Sep-06 | 2006-8161 | 27-Nov-06 | NMC938752 | 22-Nov-06 | Humboldt |
| HP 34 | 2-Sep-06 | 2006-8163 | 27-Nov-06 | NMC938754 | 22-Nov-06 | Humboldt |
| HP 36 | 2-Sep-06 | 2006-8165 | 27-Nov-06 | NMC938756 | 22-Nov-06 | Humboldt |
| HP 38 | 3-Sep-06 | 2006-8167 | 27-Nov-06 | NMC938758 | 22-Nov-06 | Humboldt |
| HP 39 | 3-Sep-06 | 2006-8168 | 27-Nov-06 | NMC938759 | 22-Nov-06 | Humboldt |
| HP 40 | 3-Sep-06 | 2006-8169 | 27-Nov-06 | NMC938760 | 22-Nov-06 | Humboldt |
| HP 41 | 3-Sep-06 | 2006-8170 | 27-Nov-06 | NMC938761 | 22-Nov-06 | Humboldt |
| HP 42 | 3-Sep-06 | 2006-8171 | 27-Nov-06 | NMC938762 | 22-Nov-06 | Humboldt |
| HP 43 | 3-Sep-06 | 2006-8172 | 27-Nov-06 | NMC938763 | 22-Nov-06 | Humboldt |
| HP 44 | 3-Sep-06 | 2006-8173 | 27-Nov-06 | NMC938764 | 22-Nov-06 | Humboldt |
| HP 45 | 3-Sep-06 | 2006-8174 | 27-Nov-06 | NMC938765 | 22-Nov-06 | Humboldt |
| HP 46 | 3-Sep-06 | 2006-8175 | 27-Nov-06 | NMC938766 | 22-Nov-06 | Humboldt |
| HP 47 | 3-Sep-06 | 2006-8176 | 27-Nov-06 | NMC938767 | 22-Nov-06 | Humboldt |
| HP 48 | 3-Sep-06 | 2006-8177 | 27-Nov-06 | NMC938768 | 22-Nov-06 | Humboldt |
| HP 49 | 3-Sep-06 | 2006-8178 | 27-Nov-06 | NMC938769 | 22-Nov-06 | Humboldt |
| HP 50 | 3-Sep-06 | 2006-8179 | 27-Nov-06 | NMC938770 | 22-Nov-06 | Humboldt |
| HP 51 | 3-Sep-06 | 2006-8180 | 27-Nov-06 | NMC938771 | 22-Nov-06 | Humboldt |
| HP 52 | 3-Sep-06 | 2006-8181 | 27-Nov-06 | NMC938772 | 22-Nov-06 | Humboldt |
| HP 53 | 3-Sep-06 | 2006-8182 | 27-Nov-06 | NMC938773 | 22-Nov-06 | Humboldt |
| HP 54 | 3-Sep-06 | 2006-8183 | 27-Nov-06 | NMC938774 | 22-Nov-06 | Humboldt |
| HP 55 | 3-Sep-06 | 2006-8184 | 27-Nov-06 | NMC938775 | 22-Nov-06 | Humboldt |
| HP 56 | 3-Sep-06 | 2006-8185 | 27-Nov-06 | NMC938776 | 22-Nov-06 | Humboldt |
| HP 57 | 3-Sep-06 | 2006-8186 | 27-Nov-06 | NMC938777 | 22-Nov-06 | Humboldt |
| HP 58 | 3-Sep-06 | 2006-8187 | 27-Nov-06 | NMC938778 | 22-Nov-06 | Humboldt |
| HP 73 | 3-Sep-06 | 2006-8202 | 27-Nov-06 | NMC938793 | 22-Nov-06 | Humboldt |
| HP 74 | 3-Sep-06 | 2006-8203 | 27-Nov-06 | NMC938794 | 22-Nov-06 | Humboldt |
| KC (Genesis) Claims | Pediment Gold LLC (775) 359-7740 | Page 1 of 5 |
Company Name: Pediment Gold LLC
Claim Name | Location Date | County Recording Information | BLM Filing Information | County | ||
| Doc # | Record Date | BLM Serial No. Record Date | ||||
| HP 75 | 3-Sep-06 | 2006-8204 | 27-Nov-06 | NMC938795 | 22-Nov-06 | Humboldt |
| HP 76 | 3-Sep-06 | 2006-8205 | 27-Nov-06 | NMC938796 | 22-Nov-06 | Humboldt |
| HP 77 | 3-Sep-06 | 2006-8206 | 27-Nov-06 | NMC938797 | 22-Nov-06 | Humboldt |
| HP 78 | 3-Sep-06 | 2006-8207 | 27-Nov-06 | NMC938798 | 22-Nov-06 | Humboldt |
| HP 91 | 4-Sep-06 | 2006-8220 | 27-Nov-06 | NMC938811 | 22-Nov-06 | Humboldt |
| HP 92 | 4-Sep-06 | 2006-8221 | 27-Nov-06 | NMC938812 | 22-Nov-06 | Humboldt |
| HP 93 | 4-Sep-06 | 2006-8222 | 27-Nov-06 | NMC938813 | 22-Nov-06 | Humboldt |
| HP 94 | 4-Sep-06 | 2006-8223 | 27-Nov-06 | NMC938814 | 22-Nov-06 | Humboldt |
| HP 95 | 4-Sep-06 | 2006-8224 | 27-Nov-06 | NMC938815 | 22-Nov-06 | Humboldt |
| HP 96 | 4-Sep-06 | 2006-8225 | 27-Nov-06 | NMC938816 | 22-Nov-06 | Humboldt |
| HP 97 | 4-Sep-06 | 2006-8226 | 27-Nov-06 | NMC938817 | 22-Nov-06 | Humboldt |
| HP 98 | 4-Sep-06 | 2006-8227 | 27-Nov-06 | NMC938818 | 22-Nov-06 | Humboldt |
| HP 99 | 4-Sep-06 | 2006-8228 | 27-Nov-06 | NMC938819 | 22-Nov-06 | Humboldt |
| HP 100 | 4-Sep-06 | 2006-8229 | 27-Nov-06 | NMC938820 | 22-Nov-06 | Humboldt |
| HP 101 | 4-Sep-06 | 2006-8230 | 27-Nov-06 | NMC938821 | 22-Nov-06 | Humboldt |
| HP 102 | 4-Sep-06 | 2006-8231 | 27-Nov-06 | NMC938822 | 22-Nov-06 | Humboldt |
| HP 103 | 4-Sep-06 | 2006-8232 | 27-Nov-06 | NMC938823 | 22-Nov-06 | Humboldt |
| HP 104 | 4-Sep-06 | 2006-8233 | 27-Nov-06 | NMC938824 | 22-Nov-06 | Humboldt |
| HP 105 | 4-Sep-06 | 2006-8234 | 27-Nov-06 | NMC938825 | 22-Nov-06 | Humboldt |
| HP 106 | 4-Sep-06 | 2006-8235 | 27-Nov-06 | NMC938826 | 22-Nov-06 | Humboldt |
| HP 107 | 4-Sep-06 | 2006-8236 | 27-Nov-06 | NMC938827 | 22-Nov-06 | Humboldt |
| HP 108 | 4-Sep-06 | 2006-8237 | 27-Nov-06 | NMC938828 | 22-Nov-06 | Humboldt |
| HP 109 | 4-Sep-06 | 2006-8238 | 27-Nov-06 | NMC938829 | 22-Nov-06 | Humboldt |
| HP 110 | 4-Sep-06 | 2006-8239 | 27-Nov-06 | NMC938830 | 22-Nov-06 | Humboldt |
| HP 111 | 4-Sep-06 | 2006-8240 | 27-Nov-06 | NMC938831 | 22-Nov-06 | Humboldt |
| HP 112 | 4-Sep-06 | 2006-8241 | 27-Nov-06 | NMC938832 | 22-Nov-06 | Humboldt |
| HP 113 | 4-Sep-06 | 2006-8242 | 27-Nov-06 | NMC938833 | 22-Nov-06 | Humboldt |
| HP 114 | 4-Sep-06 | 2006-8243 | 27-Nov-06 | NMC938834 | 22-Nov-06 | Humboldt |
| HP 115 | 4-Sep-06 | 2006-8244 | 27-Nov-06 | NMC938835 | 22-Nov-06 | Humboldt |
| HP 116 | 4-Sep-06 | 2006-8245 | 27-Nov-06 | NMC938836 | 22-Nov-06 | Humboldt |
| HP 117 | 4-Sep-06 | 2006-8246 | 27-Nov-06 | NMC938837 | 22-Nov-06 | Humboldt |
| HP 118 | 4-Sep-06 | 2006-8247 | 27-Nov-06 | NMC938838 | 22-Nov-06 | Humboldt |
| HP 119 | 4-Sep-06 | 2006-8248 | 27-Nov-06 | NMC938839 | 22-Nov-06 | Humboldt |
| HP 120 | 4-Sep-06 | 2006-8249 | 27-Nov-06 | NMC938840 | 22-Nov-06 | Humboldt |
| HP 121 | 4-Sep-06 | 2006-8250 | 27-Nov-06 | NMC938841 | 22-Nov-06 | Humboldt |
| HP 122 | 4-Sep-06 | 2006-8251 | 27-Nov-06 | NMC938842 | 22-Nov-06 | Humboldt |
| HP 123 | 4-Sep-06 | 2006-8252 | 27-Nov-06 | NMC938843 | 22-Nov-06 | Humboldt |
| HP 124 | 4-Sep-06 | 2006-8253 | 27-Nov-06 | NMC938844 | 22-Nov-06 | Humboldt |
| HP 125 | 4-Sep-06 | 2006-8254 | 27-Nov-06 | NMC938845 | 22-Nov-06 | Humboldt |
| HP 126 | 4-Sep-06 | 2006-8255 | 27-Nov-06 | NMC938846 | 22-Nov-06 | Humboldt |
| HP 127 | 2-Sep-06 | 2006-8256 | 27-Nov-06 | NMC938847 | 22-Nov-06 | Humboldt |
| HP 128 | 2-Sep-06 | 2006-8257 | 27-Nov-06 | NMC938848 | 22-Nov-06 | Humboldt |
| HP 129 | 2-Sep-06 | 2006-8258 | 27-Nov-06 | NMC938849 | 22-Nov-06 | Humboldt |
| HP 130 | 2-Sep-06 | 2006-8259 | 27-Nov-06 | NMC938850 | 22-Nov-06 | Humboldt |
| HP 131 | 2-Sep-06 | 2006-8260 | 27-Nov-06 | NMC938851 | 22-Nov-06 | Humboldt |
| HP 132 | 2-Sep-06 | 2006-8261 | 27-Nov-06 | NMC938852 | 22-Nov-06 | Humboldt |
| HP 133 | 2-Sep-06 | 2006-8262 | 27-Nov-06 | NMC938853 | 22-Nov-06 | Humboldt |
| HP 134 | 2-Sep-06 | 2006-8263 | 27-Nov-06 | NMC938854 | 22-Nov-06 | Humboldt |
| HP 135 | 2-Sep-06 | 2006-8264 | 27-Nov-06 | NMC938855 | 22-Nov-06 | Humboldt |
| HP 136 | 2-Sep-06 | 2006-8265 | 27-Nov-06 | NMC938856 | 22-Nov-06 | Humboldt |
| HP 137 | 2-Sep-06 | 2006-8266 | 27-Nov-06 | NMC938857 | 22-Nov-06 | Humboldt |
| HP 138 | 2-Sep-06 | 2006-8267 | 27-Nov-06 | NMC938858 | 22-Nov-06 | Humboldt |
| KC (Genesis) Claims | Pediment Gold LLC (775) 359-7740 | Page 2 of 5 |
Company Name: Pediment Gold LLC
Claim Name | Location Date | County Recording Information | BLM Filing Information | County | ||
| Doc # | Record Date | BLM Serial No. Record Date | ||||
| HP 139 | 2-Sep-06 | 2006-8268 | 27-Nov-06 | NMC938859 | 22-Nov-06 | Humboldt |
| HP 140 | 2-Sep-06 | 2006-8269 | 27-Nov-06 | NMC938860 | 22-Nov-06 | Humboldt |
| HP 141 | 2-Sep-06 | 2006-8270 | 27-Nov-06 | NMC938861 | 22-Nov-06 | Humboldt |
| HP 142 | 2-Sep-06 | 2006-8271 | 27-Nov-06 | NMC938862 | 22-Nov-06 | Humboldt |
| HP 143 | 2-Sep-06 | 2006-8272 | 27-Nov-06 | NMC938863 | 22-Nov-06 | Humboldt |
| HP 144 | 2-Sep-06 | 2006-8273 | 27-Nov-06 | NMC938864 | 22-Nov-06 | Humboldt |
| HP 145 | 2-Sep-06 | 2006-8274 | 27-Nov-06 | NMC938865 | 22-Nov-06 | Humboldt |
| HP 146 | 2-Sep-06 | 2006-8275 | 27-Nov-06 | NMC938866 | 22-Nov-06 | Humboldt |
| HP 147 | 2-Sep-06 | 2006-8276 | 27-Nov-06 | NMC938867 | 22-Nov-06 | Humboldt |
| HP 148 | 2-Sep-06 | 2006-8277 | 27-Nov-06 | NMC938868 | 22-Nov-06 | Humboldt |
| HP 149 | 2-Sep-06 | 2006-8278 | 27-Nov-06 | NMC938869 | 22-Nov-06 | Humboldt |
| HP 150 | 2-Sep-06 | 2006-8279 | 27-Nov-06 | NMC938870 | 22-Nov-06 | Humboldt |
| HP 151 | 2-Sep-06 | 2006-8280 | 27-Nov-06 | NMC938871 | 22-Nov-06 | Humboldt |
| HP 152 | 2-Sep-06 | 2006-8281 | 27-Nov-06 | NMC938872 | 22-Nov-06 | Humboldt |
| HP 153 | 2-Sep-06 | 2006-8282 | 27-Nov-06 | NMC938873 | 22-Nov-06 | Humboldt |
| HP 154 | 2-Sep-06 | 2006-8283 | 27-Nov-06 | NMC938874 | 22-Nov-06 | Humboldt |
| HP 155 | 2-Sep-06 | 2006-8284 | 27-Nov-06 | NMC938875 | 22-Nov-06 | Humboldt |
| HP 156 | 2-Sep-06 | 2006-8285 | 27-Nov-06 | NMC938876 | 22-Nov-06 | Humboldt |
| HP 157 | 2-Sep-06 | 2006-8286 | 27-Nov-06 | NMC938877 | 22-Nov-06 | Humboldt |
| HP 158 | 2-Sep-06 | 2006-8287 | 27-Nov-06 | NMC938878 | 22-Nov-06 | Humboldt |
| HP 159 | 2-Sep-06 | 2006-8288 | 27-Nov-06 | NMC938879 | 22-Nov-06 | Humboldt |
| HP 160 | 2-Sep-06 | 2006-8289 | 27-Nov-06 | NMC938880 | 22-Nov-06 | Humboldt |
| HP 161 | 2-Sep-06 | 2006-8290 | 27-Nov-06 | NMC938881 | 22-Nov-06 | Humboldt |
| HP 162 | 2-Sep-06 | 2006-8291 | 27-Nov-06 | NMC938882 | 22-Nov-06 | Humboldt |
| HP 188 | 2-Sep-06 | 2006-8306 | 27-Nov-06 | NMC938897 | 22-Nov-06 | Humboldt |
| HP 189 | 2-Sep-06 | 2006-8307 | 27-Nov-06 | NMC938898 | 22-Nov-06 | Humboldt |
| HP 190 | 2-Sep-06 | 2006-8308 | 27-Nov-06 | NMC938899 | 22-Nov-06 | Humboldt |
| HP 191 | 2-Sep-06 | 2006-8309 | 27-Nov-06 | NMC938900 | 22-Nov-06 | Humboldt |
| HP 192 | 2-Sep-06 | 2006-8310 | 27-Nov-06 | NMC938901 | 22-Nov-06 | Humboldt |
| HP 193 | 2-Sep-06 | 2006-8311 | 27-Nov-06 | NMC938902 | 22-Nov-06 | Humboldt |
| HP 194 | 2-Sep-06 | 2006-8312 | 27-Nov-06 | NMC938903 | 22-Nov-06 | Humboldt |
| HP 195 | 2-Sep-06 | 2006-8313 | 27-Nov-06 | NMC938904 | 22-Nov-06 | Humboldt |
| HP 196 | 2-Sep-06 | 2006-8314 | 27-Nov-06 | NMC938905 | 22-Nov-06 | Humboldt |
| HP 197 | 2-Sep-06 | 2006-8315 | 27-Nov-06 | NMC938906 | 22-Nov-06 | Humboldt |
| HP 198 | 2-Sep-06 | 2006-8316 | 27-Nov-06 | NMC938907 | 22-Nov-06 | Humboldt |
| HP 199 | 2-Sep-06 | 2006-8317 | 27-Nov-06 | NMC938908 | 22-Nov-06 | Humboldt |
| HP 200 | 2-Sep-06 | 2006-8318 | 27-Nov-06 | NMC938909 | 22-Nov-06 | Humboldt |
| HP 201 | 2-Sep-06 | 2006-8319 | 27-Nov-06 | NMC938910 | 22-Nov-06 | Humboldt |
| HP 202 | 2-Sep-06 | 2006-8320 | 27-Nov-06 | NMC938911 | 22-Nov-06 | Humboldt |
| HP 203 | 2-Sep-06 | 2006-8321 | 27-Nov-06 | NMC938912 | 22-Nov-06 | Humboldt |
| HP 204 | 2-Sep-06 | 2006-8322 | 27-Nov-06 | NMC938913 | 22-Nov-06 | Humboldt |
| HP 205 | 2-Sep-06 | 2006-8323 | 27-Nov-06 | NMC938914 | 22-Nov-06 | Humboldt |
| HP 206 | 2-Sep-06 | 2006-8324 | 27-Nov-06 | NMC938915 | 22-Nov-06 | Humboldt |
| HP 207 | 2-Sep-06 | 2006-8325 | 27-Nov-06 | NMC938916 | 22-Nov-06 | Humboldt |
| HP 208 | 2-Sep-06 | 2006-8326 | 27-Nov-06 | NMC938917 | 22-Nov-06 | Humboldt |
| HP 209 | 2-Sep-06 | 2006-8327 | 27-Nov-06 | NMC938918 | 22-Nov-06 | Humboldt |
| HP 210 | 2-Sep-06 | 2006-8328 | 27-Nov-06 | NMC938919 | 22-Nov-06 | Humboldt |
| HP 211 | 2-Sep-06 | 2006-8329 | 27-Nov-06 | NMC938920 | 22-Nov-06 | Humboldt |
| HP 212 | 2-Sep-06 | 2006-8330 | 27-Nov-06 | NMC938921 | 22-Nov-06 | Humboldt |
| HP 213 | 2-Sep-06 | 2006-8331 | 27-Nov-06 | NMC938922 | 22-Nov-06 | Humboldt |
| HP 214 | 2-Sep-06 | 2006-8332 | 27-Nov-06 | NMC938923 | 22-Nov-06 | Humboldt |
| HP 215 | 2-Sep-06 | 2006-8333 | 27-Nov-06 | NMC938924 | 22-Nov-06 | Humboldt |
| KC (Genesis) Claims | Pediment Gold LLC (775) 359-7740 | Page 3 of 5 |
Company Name: Pediment Gold LLC
Claim Name | Location Date | County Recording Information | BLM Filing Information | County | ||
| Doc # | Record Date | BLM Serial No. Record Date | ||||
| HP 216 | 2-Sep-06 | 2006-8334 | 27-Nov-06 | NMC938925 | 22-Nov-06 | Humboldt |
| HP 217 | 2-Sep-06 | 2006-8335 | 27-Nov-06 | NMC938926 | 22-Nov-06 | Humboldt |
| HP 218 | 2-Sep-06 | 2006-8336 | 27-Nov-06 | NMC938927 | 22-Nov-06 | Humboldt |
| HP 219 | 2-Sep-06 | 2006-8337 | 27-Nov-06 | NMC938928 | 22-Nov-06 | Humboldt |
| HP 220 | 2-Sep-06 | 2006-8338 | 27-Nov-06 | NMC938929 | 22-Nov-06 | Humboldt |
| HP 221 | 2-Sep-06 | 2006-8339 | 27-Nov-06 | NMC938930 | 22-Nov-06 | Humboldt |
| HP 222 | 2-Sep-06 | 2006-8340 | 27-Nov-06 | NMC938931 | 22-Nov-06 | Humboldt |
| HP 223 | 2-Sep-06 | 2006-8341 | 27-Nov-06 | NMC938932 | 22-Nov-06 | Humboldt |
| HP 225 | 3-Sep-06 | 2006-8343 | 27-Nov-06 | NMC938934 | 22-Nov-06 | Humboldt |
| HP 227 | 3-Sep-06 | 2006-8345 | 27-Nov-06 | NMC938936 | 22-Nov-06 | Humboldt |
| HP 229 | 3-Sep-06 | 2006-8347 | 27-Nov-06 | NMC938938 | 22-Nov-06 | Humboldt |
| HP 231 | 3-Sep-06 | 2006-8349 | 27-Nov-06 | NMC938940 | 22-Nov-06 | Humboldt |
| HP 233 | 3-Sep-06 | 2006-8351 | 27-Nov-06 | NMC938942 | 22-Nov-06 | Humboldt |
| HP 235 | 3-Sep-06 | 2006-8353 | 27-Nov-06 | NMC938944 | 22-Nov-06 | Humboldt |
| HP 237 | 3-Sep-06 | 2006-8355 | 27-Nov-06 | NMC938946 | 22-Nov-06 | Humboldt |
| HP 239 | 3-Sep-06 | 2006-8357 | 27-Nov-06 | NMC938948 | 22-Nov-06 | Humboldt |
| HP 240 | 3-Sep-06 | 2006-8358 | 27-Nov-06 | NMC938949 | 22-Nov-06 | Humboldt |
| HP 241 | 3-Sep-06 | 2006-8359 | 27-Nov-06 | NMC938950 | 22-Nov-06 | Humboldt |
| HP 242 | 3-Sep-06 | 2006-8360 | 27-Nov-06 | NMC938951 | 22-Nov-06 | Humboldt |
| HP 243 | 3-Sep-06 | 2006-8361 | 27-Nov-06 | NMC938952 | 22-Nov-06 | Humboldt |
| HP 244 | 3-Sep-06 | 2006-8362 | 27-Nov-06 | NMC938953 | 22-Nov-06 | Humboldt |
| HP 245 | 3-Sep-06 | 2006-8363 | 27-Nov-06 | NMC938954 | 22-Nov-06 | Humboldt |
| HP 246 | 3-Sep-06 | 2006-8364 | 27-Nov-06 | NMC938955 | 22-Nov-06 | Humboldt |
| HP 247 | 3-Sep-06 | 2006-8365 | 27-Nov-06 | NMC938956 | 22-Nov-06 | Humboldt |
| HP 248 | 3-Sep-06 | 2006-8366 | 27-Nov-06 | NMC938957 | 22-Nov-06 | Humboldt |
| HP 249 | 3-Sep-06 | 2006-8367 | 27-Nov-06 | NMC938958 | 22-Nov-06 | Humboldt |
| HP 250 | 3-Sep-06 | 2006-8368 | 27-Nov-06 | NMC938959 | 22-Nov-06 | Humboldt |
| HP 251 | 3-Sep-06 | 2006-8369 | 27-Nov-06 | NMC938960 | 22-Nov-06 | Humboldt |
| HP 252 | 2-Sep-06 | 2006-8370 | 27-Nov-06 | NMC938961 | 22-Nov-06 | Humboldt |
| HP 253 | 3-Sep-06 | 2006-8371 | 27-Nov-06 | NMC938962 | 22-Nov-06 | Humboldt |
| HP 254 | 3-Sep-06 | 2006-8372 | 27-Nov-06 | NMC938963 | 22-Nov-06 | Humboldt |
| HP 255 | 3-Sep-06 | 2006-8373 | 27-Nov-06 | NMC938964 | 22-Nov-06 | Humboldt |
| HP 256 | 3-Sep-06 | 2006-8374 | 27-Nov-06 | NMC938965 | 22-Nov-06 | Humboldt |
| HP 257 | 3-Sep-06 | 2006-8375 | 27-Nov-06 | NMC938966 | 22-Nov-06 | Humboldt |
| HP 258 | 3-Sep-06 | 2006-8376 | 27-Nov-06 | NMC938967 | 22-Nov-06 | Humboldt |
| HP 259 | 3-Sep-06 | 2006-8377 | 27-Nov-06 | NMC938968 | 22-Nov-06 | Humboldt |
| HP 260 | 3-Sep-06 | 2006-8378 | 27-Nov-06 | NMC938969 | 22-Nov-06 | Humboldt |
| HP 261 | 3-Sep-06 | 2006-8379 | 27-Nov-06 | NMC938970 | 22-Nov-06 | Humboldt |
| HP 262 | 3-Sep-06 | 2006-8380 | 27-Nov-06 | NMC938971 | 22-Nov-06 | Humboldt |
| HP 263 | 3-Sep-06 | 2006-8381 | 27-Nov-06 | NMC938972 | 22-Nov-06 | Humboldt |
| HP 264 | 3-Sep-06 | 2006-8382 | 27-Nov-06 | NMC938973 | 22-Nov-06 | Humboldt |
| HP 266 | 3-Sep-06 | 2006-8384 | 27-Nov-06 | NMC938975 | 22-Nov-06 | Humboldt |
| HP 267 | 3-Sep-06 | 2006-8385 | 27-Nov-06 | NMC938976 | 22-Nov-06 | Humboldt |
| HP 268 | 3-Sep-06 | 2006-8386 | 27-Nov-06 | NMC938977 | 22-Nov-06 | Humboldt |
| HP 269 | 3-Sep-06 | 2006-8387 | 27-Nov-06 | NMC938978 | 22-Nov-06 | Humboldt |
| HP 270 | 3-Sep-06 | 2006-8388 | 27-Nov-06 | NMC938979 | 22-Nov-06 | Humboldt |
| HP 271 | 3-Sep-06 | 2006-8389 | 27-Nov-06 | NMC938980 | 22-Nov-06 | Humboldt |
| HP 272 | 3-Sep-06 | 2006-8390 | 27-Nov-06 | NMC938981 | 22-Nov-06 | Humboldt |
| HP 273 | 3-Sep-06 | 2006-8391 | 27-Nov-06 | NMC938982 | 22-Nov-06 | Humboldt |
| HP 274 | 3-Sep-06 | 2006-8392 | 27-Nov-06 | NMC938983 | 22-Nov-06 | Humboldt |
| HP 275 | 3-Sep-06 | 2006-8393 | 27-Nov-06 | NMC938984 | 22-Nov-06 | Humboldt |
| HP 276 | 3-Sep-06 | 2006-8394 | 27-Nov-06 | NMC938985 | 22-Nov-06 | Humboldt |
| KC (Genesis) Claims | Pediment Gold LLC (775) 359-7740 | Page 4 of 5 |
Company Name: Pediment Gold LLC
Claim Name | Location Date | County Recording Information | BLM Filing Information | County | ||
| Doc # | Record Date | BLM Serial No. Record Date | ||||
| HP 277 | 3-Sep-06 | 2006-8395 | 27-Nov-06 | NMC938986 | 22-Nov-06 | Humboldt |
| HP 278 | 3-Sep-06 | 2006-8396 | 27-Nov-06 | NMC938987 | 22-Nov-06 | Humboldt |
| HP 279 | 3-Sep-06 | 2006-8397 | 27-Nov-06 | NMC938988 | 22-Nov-06 | Humboldt |
| HP 280 | 3-Sep-06 | 2006-8398 | 27-Nov-06 | NMC938989 | 22-Nov-06 | Humboldt |
| HP 281 | 3-Sep-06 | 2006-8399 | 27-Nov-06 | NMC938990 | 22-Nov-06 | Humboldt |
| 209 | TOTAL | |||||
| KC (Genesis) Claims | Pediment Gold LLC (775) 359-7740 | Page 5 of 5 |
Company Name: Pediment Gold LLC
Exhibit A - PHP & KCB Claims
The following unpatented mining claims are generally located in Sections 2, 10, 14, 16, 22, and 26, Township 34 North, Range 43 East;
Section 6, Township 34 North, Range 44 East; Sections 12, 14, 24, 25, 28, and 36, Township 35 North, Range 43 East; and Sections 18,
19, 30, and 31, Township 35 North, Range 44 East, Mount Diablo Meridian, Humboldt County, Nevada.
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| PHP 1 | 28-Apr-2016 | 2016-02050 | 28-Jun-16 | NMC1125437 | 23-Jun-2016 | Humbolt |
| PHP 2 | 28-Apr-2016 | 2016-02051 | 28-Jun-16 | NMC1125438 | 23-Jun-2016 | Humbolt |
| PHP 3 | 28-Apr-2016 | 2016-02052 | 28-Jun-16 | NMC1125439 | 23-Jun-2016 | Humbolt |
| PHP 4 | 28-Apr-2016 | 2016-02053 | 28-Jun-16 | NMC1125440 | 23-Jun-2016 | Humbolt |
| PHP 5 | 28-Apr-2016 | 2016-02054 | 28-Jun-16 | NMC1125441 | 23-Jun-2016 | Humbolt |
| PHP 6 | 28-Apr-2016 | 2016-02055 | 28-Jun-16 | NMC1125442 | 23-Jun-2016 | Humbolt |
| PHP 7 | 28-Apr-2016 | 2016-02056 | 28-Jun-16 | NMC1125443 | 23-Jun-2016 | Humbolt |
| PHP 8 | 28-Apr-2016 | 2016-02057 | 28-Jun-16 | NMC1125444 | 23-Jun-2016 | Humbolt |
| PHP 9 | 28-Apr-2016 | 2016-02058 | 28-Jun-16 | NMC1125445 | 23-Jun-2016 | Humbolt |
| PHP 10 | 28-Apr-2016 | 2016-02059 | 28-Jun-16 | NMC1125446 | 23-Jun-2016 | Humbolt |
| PHP 11 | 28-Apr-2016 | 2016-02060 | 28-Jun-16 | NMC1125447 | 23-Jun-2016 | Humbolt |
| PHP 12 | 28-Apr-2016 | 2016-02061 | 28-Jun-16 | NMC1125448 | 23-Jun-2016 | Humbolt |
| PHP 13 | 28-Apr-2016 | 2016-02062 | 28-Jun-16 | NMC1125449 | 23-Jun-2016 | Humbolt |
| PHP 14 | 28-Apr-2016 | 2016-02063 | 28-Jun-16 | NMC1125450 | 23-Jun-2016 | Humbolt |
| PHP 15 | 28-Apr-2016 | 2016-02064 | 28-Jun-16 | NMC1125451 | 23-Jun-2016 | Humbolt |
| PHP 16 | 28-Apr-2016 | 2016-02065 | 28-Jun-16 | NMC1125452 | 23-Jun-2016 | Humbolt |
| PHP 17 | 28-Apr-2016 | 2016-02066 | 28-Jun-16 | NMC1125453 | 23-Jun-2016 | Humbolt |
| PHP 18 | 28-Apr-2016 | 2016-02067 | 28-Jun-16 | NMC1125454 | 23-Jun-2016 | Humbolt |
| PHP 19 | 28-Apr-2016 | 2016-02068 | 28-Jun-16 | NMC1125455 | 23-Jun-2016 | Humbolt |
| PHP 20 | 28-Apr-2016 | 2016-02069 | 28-Jun-16 | NMC1125456 | 23-Jun-2016 | Humbolt |
| PHP 21 | 28-Apr-2016 | 2016-02070 | 28-Jun-16 | NMC1125457 | 23-Jun-2016 | Humbolt |
| PHP 22 | 28-Apr-2016 | 2016-02071 | 28-Jun-16 | NMC1125458 | 23-Jun-2016 | Humbolt |
| PHP 23 | 24-May-2016 | 2016-02016 | 28-Jun-16 | NMC1125459 | 23-Jun-2016 | Humbolt |
| PHP 24 | 24-May-2016 | 2016-02017 | 28-Jun-16 | NMC1125460 | 23-Jun-2016 | Humbolt |
| PHP 25 | 24-May-2016 | 2016-02018 | 28-Jun-16 | NMC1125461 | 23-Jun-2016 | Humbolt |
| PHP 26 | 24-May-2016 | 2016-02019 | 28-Jun-16 | NMC1125462 | 23-Jun-2016 | Humbolt |
| PHP 27 | 24-May-2016 | 2016-02020 | 28-Jun-16 | NMC1125463 | 23-Jun-2016 | Humbolt |
| PHP 28 | 24-May-2016 | 2016-02021 | 28-Jun-16 | NMC1125464 | 23-Jun-2016 | Humbolt |
| PHP 29 | 24-May-2016 | 2016-02022 | 28-Jun-16 | NMC1125465 | 23-Jun-2016 | Humbolt |
| PHP 30 | 24-May-2016 | 2016-02023 | 28-Jun-16 | NMC1125466 | 23-Jun-2016 | Humbolt |
| PHP 31 | 24-May-2016 | 2016-02024 | 28-Jun-16 | NMC1125467 | 23-Jun-2016 | Humbolt |
| PHP 32 | 24-May-2016 | 2016-02025 | 28-Jun-16 | NMC1125468 | 23-Jun-2016 | Humbolt |
| PHP 33 | 24-May-2016 | 2016-02026 | 28-Jun-16 | NMC1125469 | 23-Jun-2016 | Humbolt |
| PHP 34 | 24-May-2016 | 2016-02027 | 28-Jun-16 | NMC1125470 | 23-Jun-2016 | Humbolt |
| PHP 35 | 24-May-2016 | 2016-02028 | 28-Jun-16 | NMC1125471 | 23-Jun-2016 | Humbolt |
| PHP 36 | 24-May-2016 | 2016-02029 | 28-Jun-16 | NMC1125472 | 23-Jun-2016 | Humbolt |
| PHP 37 | 24-May-2016 | 2016-02030 | 28-Jun-16 | NMC1125473 | 23-Jun-2016 | Humbolt |
| PHP 38 | 24-May-2016 | 2016-02031 | 28-Jun-16 | NMC1125474 | 23-Jun-2016 | Humbolt |
| PHP 39 | 24-May-2016 | 2016-02032 | 28-Jun-16 | NMC1125475 | 23-Jun-2016 | Humbolt |
| PHP 40 | 24-May-2016 | 2016-02033 | 28-Jun-16 | NMC1125476 | 23-Jun-2016 | Humbolt |
| PHP 41 | 24-May-2016 | 2016-02034 | 28-Jun-16 | NMC1125477 | 23-Jun-2016 | Humbolt |
| PHP 42 | 24-May-2016 | 2016-02035 | 28-Jun-16 | NMC1125478 | 23-Jun-2016 | Humbolt |
| PHP 43 | 24-May-2016 | 2016-02036 | 28-Jun-16 | NMC1125479 | 23-Jun-2016 | Humbolt |
| PHP 44 | 24-May-2016 | 2016-02037 | 28-Jun-16 | NMC1125480 | 23-Jun-2016 | Humbolt |
| PHP 45 | 24-May-2016 | 2016-02038 | 28-Jun-16 | NMC1125481 | 23-Jun-2016 | Humbolt |
| PHP 46 | 24-May-2016 | 2016-02039 | 28-Jun-16 | NMC1125482 | 23-Jun-2016 | Humbolt |
| PHP 47 | 24-May-2016 | 2016-02040 | 28-Jun-16 | NMC1125483 | 23-Jun-2016 | Humbolt |
| PHP 48 | 24-May-2016 | 2016-02041 | 28-Jun-16 | NMC1125484 | 23-Jun-2016 | Humbolt |
| PHP 49 | 24-May-2016 | 2016-02042 | 28-Jun-16 | NMC1125485 | 23-Jun-2016 | Humbolt |
| PHP 50 | 24-May-2016 | 2016-02043 | 28-Jun-16 | NMC1125486 | 23-Jun-2016 | Humbolt |
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 1 of 7 |
Company Name: Pediment Gold LLC
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| PHP 51 | 24-May-2016 | 2016-02044 | 28-Jun-16 | NMC1125487 | 23-Jun-2016 | Humbolt |
| PHP 52 | 29-Apr-2016 | 2016-02072 | 28-Jun-16 | NMC1125488 | 23-Jun-2016 | Humbolt |
| PHP 53 | 29-Apr-2016 | 2016-02073 | 28-Jun-16 | NMC1125489 | 23-Jun-2016 | Humbolt |
| PHP 54 | 29-Apr-2016 | 2016-02074 | 28-Jun-16 | NMC1125490 | 23-Jun-2016 | Humbolt |
| PHP 55 | 29-Apr-2016 | 2016-02075 | 28-Jun-16 | NMC1125491 | 23-Jun-2016 | Humbolt |
| PHP 56 | 29-Apr-2016 | 2016-02076 | 28-Jun-16 | NMC1125492 | 23-Jun-2016 | Humbolt |
| PHP 57 | 29-Apr-2016 | 2016-02077 | 28-Jun-16 | NMC1125493 | 23-Jun-2016 | Humbolt |
| PHP 58 | 29-Apr-2016 | 2016-02078 | 28-Jun-16 | NMC1125494 | 23-Jun-2016 | Humbolt |
| PHP 59 | 29-Apr-2016 | 2016-02079 | 28-Jun-16 | NMC1125495 | 23-Jun-2016 | Humbolt |
| PHP 60 | 29-Apr-2016 | 2016-02080 | 28-Jun-16 | NMC1125496 | 23-Jun-2016 | Humbolt |
| PHP 61 | 29-Apr-2016 | 2016-02081 | 28-Jun-16 | NMC1125497 | 23-Jun-2016 | Humbolt |
| PHP 62 | 29-Apr-2016 | 2016-02082 | 28-Jun-16 | NMC1125498 | 23-Jun-2016 | Humbolt |
| PHP 63 | 29-Apr-2016 | 2016-02083 | 28-Jun-16 | NMC1125499 | 23-Jun-2016 | Humbolt |
| PHP 64 | 29-Apr-2016 | 2016-02084 | 28-Jun-16 | NMC1125500 | 23-Jun-2016 | Humbolt |
| PHP 65 | 29-Apr-2016 | 2016-02085 | 28-Jun-16 | NMC1125501 | 23-Jun-2016 | Humbolt |
| PHP 66 | 29-Apr-2016 | 2016-02086 | 28-Jun-16 | NMC1125502 | 23-Jun-2016 | Humbolt |
| PHP 67 | 29-Apr-2016 | 2016-02087 | 28-Jun-16 | NMC1125503 | 23-Jun-2016 | Humbolt |
| PHP 68 | 29-Apr-2016 | 2016-02088 | 28-Jun-16 | NMC1125504 | 23-Jun-2016 | Humbolt |
| PHP 69 | 29-Apr-2016 | 2016-02089 | 28-Jun-16 | NMC1125505 | 23-Jun-2016 | Humbolt |
| PHP 70 | 29-Apr-2016 | 2016-02090 | 28-Jun-16 | NMC1125506 | 23-Jun-2016 | Humbolt |
| PHP 71 | 29-Apr-2016 | 2016-02091 | 28-Jun-16 | NMC1125507 | 23-Jun-2016 | Humbolt |
| PHP 72 | 29-Apr-2016 | 2016-02092 | 28-Jun-16 | NMC1125508 | 23-Jun-2016 | Humbolt |
| PHP 73 | 29-Apr-2016 | 2016-02093 | 28-Jun-16 | NMC1125509 | 23-Jun-2016 | Humbolt |
| PHP 74 | 29-Apr-2016 | 2016-02094 | 28-Jun-16 | NMC1125510 | 23-Jun-2016 | Humbolt |
| PHP 75 | 29-Apr-2016 | 2016-02095 | 28-Jun-16 | NMC1125511 | 23-Jun-2016 | Humbolt |
| PHP 76 | 29-Apr-2016 | 2016-02096 | 28-Jun-16 | NMC1125512 | 23-Jun-2016 | Humbolt |
| PHP 77 | 29-Apr-2016 | 2016-02097 | 28-Jun-16 | NMC1125513 | 23-Jun-2016 | Humbolt |
| PHP 78 | 29-Apr-2016 | 2016-02098 | 28-Jun-16 | NMC1125514 | 23-Jun-2016 | Humbolt |
| PHP 79 | 29-Apr-2016 | 2016-02099 | 28-Jun-16 | NMC1125515 | 23-Jun-2016 | Humbolt |
| PHP 80 | 29-Apr-2016 | 2016-02100 | 28-Jun-16 | NMC1125516 | 23-Jun-2016 | Humbolt |
| PHP 81 | 29-Apr-2016 | 2016-02101 | 28-Jun-16 | NMC1125517 | 23-Jun-2016 | Humbolt |
| PHP 82 | 29-Apr-2016 | 2016-02102 | 28-Jun-16 | NMC1125518 | 23-Jun-2016 | Humbolt |
| PHP 83 | 29-Apr-2016 | 2016-02103 | 28-Jun-16 | NMC1125519 | 23-Jun-2016 | Humbolt |
| PHP 84 | 29-Apr-2016 | 2016-02104 | 28-Jun-16 | NMC1125520 | 23-Jun-2016 | Humbolt |
| PHP 85 | 29-Apr-2016 | 2016-02105 | 28-Jun-16 | NMC1125521 | 23-Jun-2016 | Humbolt |
| PHP 86 | 29-Apr-2016 | 2016-02106 | 28-Jun-16 | NMC1125522 | 23-Jun-2016 | Humbolt |
| PHP 87 | 29-Apr-2016 | 2016-02107 | 28-Jun-16 | NMC1125523 | 23-Jun-2016 | Humbolt |
| PHP 88 | 29-Apr-2016 | 2016-02108 | 28-Jun-16 | NMC1125524 | 23-Jun-2016 | Humbolt |
| PHP 89 | 29-Apr-2016 | 2016-02109 | 28-Jun-16 | NMC1125525 | 23-Jun-2016 | Humbolt |
| PHP 90 | 29-Apr-2016 | 2016-02110 | 28-Jun-16 | NMC1125526 | 23-Jun-2016 | Humbolt |
| PHP 91 | 29-Apr-2016 | 2016-02111 | 28-Jun-16 | NMC1125527 | 23-Jun-2016 | Humbolt |
| PHP 92 | 29-Apr-2016 | 2016-02112 | 28-Jun-16 | NMC1125528 | 23-Jun-2016 | Humbolt |
| PHP 93 | 29-Apr-2016 | 2016-02113 | 28-Jun-16 | NMC1125529 | 23-Jun-2016 | Humbolt |
| PHP 94 | 29-Apr-2016 | 2016-02114 | 28-Jun-16 | NMC1125530 | 23-Jun-2016 | Humbolt |
| PHP 95 | 29-Apr-2016 | 2016-02115 | 28-Jun-16 | NMC1125531 | 23-Jun-2016 | Humbolt |
| PHP 96 | 29-Apr-2016 | 2016-02116 | 28-Jun-16 | NMC1125532 | 23-Jun-2016 | Humbolt |
| PHP 97 | 29-Apr-2016 | 2016-02117 | 28-Jun-16 | NMC1125533 | 23-Jun-2016 | Humbolt |
| PHP 98 | 29-Apr-2016 | 2016-02118 | 28-Jun-16 | NMC1125534 | 23-Jun-2016 | Humbolt |
| PHP 99 | 29-Apr-2016 | 2016-02119 | 28-Jun-16 | NMC1125535 | 23-Jun-2016 | Humbolt |
| PHP 100 | 29-Apr-2016 | 2016-02120 | 28-Jun-16 | NMC1125536 | 23-Jun-2016 | Humbolt |
| PHP 101 | 29-Apr-2016 | 2016-02121 | 28-Jun-16 | NMC1125537 | 23-Jun-2016 | Humbolt |
| PHP 102 | 29-Apr-2016 | 2016-02122 | 28-Jun-16 | NMC1125538 | 23-Jun-2016 | Humbolt |
| PHP 103 | 29-Apr-2016 | 2016-02123 | 28-Jun-16 | NMC1125539 | 23-Jun-2016 | Humbolt |
| PHP 104 | 29-Apr-2016 | 2016-02124 | 28-Jun-16 | NMC1125540 | 23-Jun-2016 | Humbolt |
| PHP 105 | 29-Apr-2016 | 2016-02125 | 28-Jun-16 | NMC1125541 | 23-Jun-2016 | Humbolt |
| PHP 106 | 26-May-2016 | 2016-02126 | 28-Jun-16 | NMC1125542 | 23-Jun-2016 | Humbolt |
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 2 of 7 |
Company Name: Pediment Gold LLC
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| PHP 107 | 26-May-2016 | 2016-02127 | 28-Jun-16 | NMC1125543 | 23-Jun-2016 | Humbolt |
| PHP 108 | 26-May-2016 | 2016-02128 | 28-Jun-16 | NMC1125544 | 23-Jun-2016 | Humbolt |
| PHP 109 | 26-May-2016 | 2016-02129 | 28-Jun-16 | NMC1125545 | 23-Jun-2016 | Humbolt |
| PHP 110 | 26-May-2016 | 2016-02130 | 28-Jun-16 | NMC1125546 | 23-Jun-2016 | Humbolt |
| PHP 111 | 26-May-2016 | 2016-02131 | 28-Jun-16 | NMC1125547 | 23-Jun-2016 | Humbolt |
| PHP 112 | 26-May-2016 | 2016-02132 | 28-Jun-16 | NMC1125548 | 23-Jun-2016 | Humbolt |
| PHP 113 | 26-May-2016 | 2016-02133 | 28-Jun-16 | NMC1125549 | 23-Jun-2016 | Humbolt |
| PHP 114 | 26-May-2016 | 2016-02134 | 28-Jun-16 | NMC1125550 | 23-Jun-2016 | Humbolt |
| PHP 115 | 26-May-2016 | 2016-02135 | 28-Jun-16 | NMC1125551 | 23-Jun-2016 | Humbolt |
| PHP 116 | 26-May-2016 | 2016-02136 | 28-Jun-16 | NMC1125552 | 23-Jun-2016 | Humbolt |
| PHP 117 | 26-May-2016 | 2016-02137 | 28-Jun-16 | NMC1125553 | 23-Jun-2016 | Humbolt |
| PHP 118 | 26-May-2016 | 2016-02138 | 28-Jun-16 | NMC1125554 | 23-Jun-2016 | Humbolt |
| PHP 119 | 26-May-2016 | 2016-02139 | 28-Jun-16 | NMC1125555 | 23-Jun-2016 | Humbolt |
| PHP 120 | 26-May-2016 | 2016-02140 | 28-Jun-16 | NMC1125556 | 23-Jun-2016 | Humbolt |
| PHP 121 | 26-May-2016 | 2016-02141 | 28-Jun-16 | NMC1125557 | 23-Jun-2016 | Humbolt |
| PHP 122 | 26-May-2016 | 2016-02142 | 28-Jun-16 | NMC1125558 | 23-Jun-2016 | Humbolt |
| PHP 123 | 26-May-2016 | 2016-02143 | 28-Jun-16 | NMC1125559 | 23-Jun-2016 | Humbolt |
| PHP 124 | 26-May-2016 | 2016-02144 | 28-Jun-16 | NMC1125560 | 23-Jun-2016 | Humbolt |
| PHP 125 | 26-May-2016 | 2016-02145 | 28-Jun-16 | NMC1125561 | 23-Jun-2016 | Humbolt |
| PHP 126 | 26-May-2016 | 2016-02146 | 28-Jun-16 | NMC1125562 | 23-Jun-2016 | Humbolt |
| PHP 129 | 26-May-2016 | 2016-02147 | 28-Jun-16 | NMC1125563 | 23-Jun-2016 | Humbolt |
| PHP 128 | 26-May-2016 | 2016-02148 | 28-Jun-16 | NMC1125564 | 23-Jun-2016 | Humbolt |
| PHP 129 | 26-May-2016 | 2016-02149 | 28-Jun-16 | NMC1125565 | 23-Jun-2016 | Humbolt |
| PHP 130 | 26-May-2016 | 2016-02150 | 28-Jun-16 | NMC1125566 | 23-Jun-2016 | Humbolt |
| PHP 131 | 26-May-2016 | 2016-02151 | 28-Jun-16 | NMC1125567 | 23-Jun-2016 | Humbolt |
| PHP 132 | 26-May-2016 | 2016-02152 | 28-Jun-16 | NMC1125568 | 23-Jun-2016 | Humbolt |
| PHP 133 | 26-May-2016 | 2016-02153 | 28-Jun-16 | NMC1125569 | 23-Jun-2016 | Humbolt |
| PHP 134 | 26-May-2016 | 2016-02154 | 28-Jun-16 | NMC1125570 | 23-Jun-2016 | Humbolt |
| PHP 135 | 26-May-2016 | 2016-02155 | 28-Jun-16 | NMC1125571 | 23-Jun-2016 | Humbolt |
| PHP 136 | 26-May-2016 | 2016-02156 | 28-Jun-16 | NMC1125572 | 23-Jun-2016 | Humbolt |
| PHP 137 | 26-May-2016 | 2016-02157 | 28-Jun-16 | NMC1125573 | 23-Jun-2016 | Humbolt |
| PHP 138 | 26-May-2016 | 2016-02158 | 28-Jun-16 | NMC1125574 | 23-Jun-2016 | Humbolt |
| PHP 139 | 26-Apr-2016 | 2016-02159 | 28-Jun-16 | NMC1125575 | 23-Jun-2016 | Humbolt |
| PHP 176 | 25-May-2016 | 2016-02160 | 28-Jun-16 | NMC1125576 | 23-Jun-2016 | Humbolt |
| PHP 177 | 25-May-2016 | 2016-02161 | 28-Jun-16 | NMC1125577 | 23-Jun-2016 | Humbolt |
| PHP 178 | 25-May-2016 | 2016-02162 | 28-Jun-16 | NMC1125578 | 23-Jun-2016 | Humbolt |
| PHP 179 | 25-May-2016 | 2016-02163 | 28-Jun-16 | NMC1125579 | 23-Jun-2016 | Humbolt |
| PHP 180 | 25-May-2016 | 2016-02164 | 28-Jun-16 | NMC1125580 | 23-Jun-2016 | Humbolt |
| PHP 181 | 25-May-2016 | 2016-02165 | 28-Jun-16 | NMC1125581 | 23-Jun-2016 | Humbolt |
| PHP 182 | 25-May-2016 | 2016-02166 | 28-Jun-16 | NMC1125582 | 23-Jun-2016 | Humbolt |
| PHP 183 | 25-May-2016 | 2016-02167 | 28-Jun-16 | NMC1125583 | 23-Jun-2016 | Humbolt |
| PHP 184 | 25-May-2016 | 2016-02168 | 28-Jun-16 | NMC1125584 | 23-Jun-2016 | Humbolt |
| PHP 185 | 25-May-2016 | 2016-02169 | 28-Jun-16 | NMC1125585 | 23-Jun-2016 | Humbolt |
| PHP 186 | 25-May-2016 | 2016-02170 | 28-Jun-16 | NMC1125586 | 23-Jun-2016 | Humbolt |
| PHP 187 | 25-May-2016 | 2016-02171 | 28-Jun-16 | NMC1125587 | 23-Jun-2016 | Humbolt |
| PHP 188 | 25-May-2016 | 2016-02172 | 28-Jun-16 | NMC1125588 | 23-Jun-2016 | Humbolt |
| PHP 189 | 25-May-2016 | 2016-02173 | 28-Jun-16 | NMC1125589 | 23-Jun-2016 | Humbolt |
| PHP 190 | 25-May-2016 | 2016-02174 | 28-Jun-16 | NMC1125590 | 23-Jun-2016 | Humbolt |
| PHP 191 | 25-May-2016 | 2016-02175 | 28-Jun-16 | NMC1125591 | 23-Jun-2016 | Humbolt |
| PHP 192 | 25-May-2016 | 2016-02176 | 28-Jun-16 | NMC1125592 | 23-Jun-2016 | Humbolt |
| PHP 193 | 25-May-2016 | 2016-02177 | 28-Jun-16 | NMC1125593 | 23-Jun-2016 | Humbolt |
| PHP 194 | 25-May-2016 | 2016-02178 | 28-Jun-16 | NMC1125594 | 23-Jun-2016 | Humbolt |
| PHP 195 | 25-May-2016 | 2016-02179 | 28-Jun-16 | NMC1125595 | 23-Jun-2016 | Humbolt |
| PHP 196 | 25-May-2016 | 2016-02180 | 28-Jun-16 | NMC1125596 | 23-Jun-2016 | Humbolt |
| PHP 197 | 25-May-2016 | 2016-02181 | 28-Jun-16 | NMC1125597 | 23-Jun-2016 | Humbolt |
| PHP 198 | 25-May-2016 | 2016-02182 | 28-Jun-16 | NMC1125598 | 23-Jun-2016 | Humbolt |
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 3 of 7 |
Company Name: Pediment Gold LLC
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| PHP 199 | 25-May-2016 | 2016-02183 | 28-Jun-16 | NMC1125599 | 23-Jun-2016 | Humbolt |
| PHP 200 | 25-May-2016 | 2016-02184 | 28-Jun-16 | NMC1125600 | 23-Jun-2016 | Humbolt |
| PHP 201 | 25-May-2016 | 2016-02185 | 28-Jun-16 | NMC1125601 | 23-Jun-2016 | Humbolt |
| PHP 202 | 25-May-2016 | 2016-02186 | 28-Jun-16 | NMC1125602 | 23-Jun-2016 | Humbolt |
| PHP 203 | 25-May-2016 | 2016-02187 | 28-Jun-16 | NMC1125603 | 23-Jun-2016 | Humbolt |
| PHP 204 | 25-May-2016 | 2016-02188 | 28-Jun-16 | NMC1125604 | 23-Jun-2016 | Humbolt |
| PHP 205 | 25-May-2016 | 2016-02189 | 28-Jun-16 | NMC1125605 | 23-Jun-2016 | Humbolt |
| PHP 206 | 25-May-2016 | 2016-02190 | 28-Jun-16 | NMC1125606 | 23-Jun-2016 | Humbolt |
| PHP 207 | 25-May-2016 | 2016-02191 | 28-Jun-16 | NMC1125607 | 23-Jun-2016 | Humbolt |
| PHP 208 | 25-May-2016 | 2016-02192 | 28-Jun-16 | NMC1125608 | 23-Jun-2016 | Humbolt |
| PHP 209 | 25-May-2016 | 2016-02193 | 28-Jun-16 | NMC1125609 | 23-Jun-2016 | Humbolt |
| PHP 210 | 25-May-2016 | 2016-02194 | 28-Jun-16 | NMC1125610 | 23-Jun-2016 | Humbolt |
| PHP 211 | 25-May-2016 | 2016-02195 | 28-Jun-16 | NMC1125611 | 23-Jun-2016 | Humbolt |
| PHP 212 | 25-May-2016 | 2016-02196 | 28-Jun-16 | NMC1125612 | 23-Jun-2016 | Humbolt |
| PHP 213 | 25-May-2016 | 2016-02197 | 28-Jun-16 | NMC1125613 | 23-Jun-2016 | Humbolt |
| PHP 214 | 25-May-2016 | 2016-02198 | 28-Jun-16 | NMC1125614 | 23-Jun-2016 | Humbolt |
| PHP 215 | 25-May-2016 | 2016-02199 | 28-Jun-16 | NMC1125615 | 23-Jun-2016 | Humbolt |
| PHP 216 | 25-May-2016 | 2016-02200 | 28-Jun-16 | NMC1125616 | 23-Jun-2016 | Humbolt |
| KCB 1 | 18-Jan-2018 | 2018-02453 | 13-Apr-18 | NMC1169442 | 12-Apr-2018 | Humbolt |
| KCB 2 | 18-Jan-2018 | 2018-02454 | 13-Apr-18 | NMC1169443 | 12-Apr-2018 | Humbolt |
| KCB 3 | 18-Jan-2018 | 2018-02455 | 13-Apr-18 | NMC1169444 | 12-Apr-2018 | Humbolt |
| KCB 4 | 18-Jan-2018 | 2018-02456 | 13-Apr-18 | NMC1169445 | 12-Apr-2018 | Humbolt |
| KCB 5 | 18-Jan-2018 | 2018-02457 | 13-Apr-18 | NMC1169446 | 12-Apr-2018 | Humbolt |
| KCB 6 | 18-Jan-2018 | 2018-02458 | 13-Apr-18 | NMC1169447 | 12-Apr-2018 | Humbolt |
| KCB 7 | 18-Jan-2018 | 2018-02459 | 13-Apr-18 | NMC1169448 | 12-Apr-2018 | Humbolt |
| KCB 8 | 18-Jan-2018 | 2018-02460 | 13-Apr-18 | NMC1169449 | 12-Apr-2018 | Humbolt |
| KCB 9 | 18-Jan-2018 | 2018-02461 | 13-Apr-18 | NMC1169450 | 12-Apr-2018 | Humbolt |
| KCB 10 | 18-Jan-2018 | 2018-02462 | 13-Apr-18 | NMC1169451 | 12-Apr-2018 | Humbolt |
| KCB 11 | 18-Jan-2018 | 2018-02463 | 13-Apr-18 | NMC1169452 | 12-Apr-2018 | Humbolt |
| KCB 12 | 18-Jan-2018 | 2018-02464 | 13-Apr-18 | NMC1169453 | 12-Apr-2018 | Humbolt |
| KCB 13 | 18-Jan-2018 | 2018-02465 | 13-Apr-18 | NMC1169454 | 12-Apr-2018 | Humbolt |
| KCB 14 | 18-Jan-2018 | 2018-02466 | 13-Apr-18 | NMC1169455 | 12-Apr-2018 | Humbolt |
| KCB 15 | 18-Jan-2018 | 2018-02467 | 13-Apr-18 | NMC1169456 | 12-Apr-2018 | Humbolt |
| KCB 16 | 18-Jan-2018 | 2018-02468 | 13-Apr-18 | NMC1169457 | 12-Apr-2018 | Humbolt |
| KCB 17 | 18-Jan-2018 | 2018-02469 | 13-Apr-18 | NMC1169458 | 12-Apr-2018 | Humbolt |
| KCB 18 | 18-Jan-2018 | 2018-02470 | 13-Apr-18 | NMC1169459 | 12-Apr-2018 | Humbolt |
| KCB 19 | 18-Jan-2018 | 2018-02471 | 13-Apr-18 | NMC1169460 | 12-Apr-2018 | Humbolt |
| KCB 20 | 18-Jan-2018 | 2018-02472 | 13-Apr-18 | NMC1169461 | 12-Apr-2018 | Humbolt |
| KCB 21 | 18-Jan-2018 | 2018-02473 | 13-Apr-18 | NMC1169462 | 12-Apr-2018 | Humbolt |
| KCB 22 | 18-Jan-2018 | 2018-02474 | 13-Apr-18 | NMC1169463 | 12-Apr-2018 | Humbolt |
| KCB 23 | 18-Jan-2018 | 2018-02475 | 13-Apr-18 | NMC1169464 | 12-Apr-2018 | Humbolt |
| KCB 24 | 18-Jan-2018 | 2018-02476 | 13-Apr-18 | NMC1169465 | 12-Apr-2018 | Humbolt |
| KCB 25 | 18-Jan-2018 | 2018-02477 | 13-Apr-18 | NMC1169466 | 12-Apr-2018 | Humbolt |
| KCB 26 | 18-Jan-2018 | 2018-02478 | 13-Apr-18 | NMC1169467 | 12-Apr-2018 | Humbolt |
| KCB 27 | 18-Jan-2018 | 2018-02479 | 13-Apr-18 | NMC1169468 | 12-Apr-2018 | Humbolt |
| KCB 28 | 18-Jan-2018 | 2018-02480 | 13-Apr-18 | NMC1169469 | 12-Apr-2018 | Humbolt |
| KCB 29 | 18-Jan-2018 | 2018-02481 | 13-Apr-18 | NMC1169470 | 12-Apr-2018 | Humbolt |
| KCB 30 | 18-Jan-2018 | 2018-02482 | 13-Apr-18 | NMC1169471 | 12-Apr-2018 | Humbolt |
| KCB 31 | 18-Jan-2018 | 2018-02483 | 13-Apr-18 | NMC1169472 | 12-Apr-2018 | Humbolt |
| KCB 32 | 18-Jan-2018 | 2018-02484 | 13-Apr-18 | NMC1169473 | 12-Apr-2018 | Humbolt |
| KCB 33 | 18-Jan-2018 | 2018-02485 | 13-Apr-18 | NMC1169474 | 12-Apr-2018 | Humbolt |
| KCB 34 | 18-Jan-2018 | 2018-02486 | 13-Apr-18 | NMC1169475 | 12-Apr-2018 | Humbolt |
| KCB 35 | 18-Jan-2018 | 2018-02487 | 13-Apr-18 | NMC1169476 | 12-Apr-2018 | Humbolt |
| KCB 36 | 18-Jan-2018 | 2018-02488 | 13-Apr-18 | NMC1169477 | 12-Apr-2018 | Humbolt |
| KCB 37 | 18-Jan-2018 | 2018-02489 | 13-Apr-18 | NMC1169478 | 12-Apr-2018 | Humbolt |
| KCB 38 | 18-Jan-2018 | 2018-02490 | 13-Apr-18 | NMC1169479 | 12-Apr-2018 | Humbolt |
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 4 of 7 |
Company Name: Pediment Gold LLC
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| KCB 39 | 18-Jan-2018 | 2018-02491 | 13-Apr-18 | NMC1169480 | 12-Apr-2018 | Humbolt |
| KCB 40 | 18-Jan-2018 | 2018-02492 | 13-Apr-18 | NMC1169481 | 12-Apr-2018 | Humbolt |
| KCB 41 | 18-Jan-2018 | 2018-02493 | 13-Apr-18 | NMC1169482 | 12-Apr-2018 | Humbolt |
| KCB 42 | 18-Jan-2018 | 2018-02494 | 13-Apr-18 | NMC1169483 | 12-Apr-2018 | Humbolt |
| KCB 43 | 18-Jan-2018 | 2018-02495 | 13-Apr-18 | NMC1169484 | 12-Apr-2018 | Humbolt |
| KCB 44 | 18-Jan-2018 | 2018-02496 | 13-Apr-18 | NMC1169485 | 12-Apr-2018 | Humbolt |
| KCB 45 | 18-Jan-2018 | 2018-02497 | 13-Apr-18 | NMC1169486 | 12-Apr-2018 | Humbolt |
| KCB 46 | 18-Jan-2018 | 2018-02498 | 13-Apr-18 | NMC1169487 | 12-Apr-2018 | Humbolt |
| KCB 47 | 18-Jan-2018 | 2018-02499 | 13-Apr-18 | NMC1169488 | 12-Apr-2018 | Humbolt |
| KCB 48 | 18-Jan-2018 | 2018-02500 | 13-Apr-18 | NMC1169489 | 12-Apr-2018 | Humbolt |
| KCB 49 | 18-Jan-2018 | 2018-02501 | 13-Apr-18 | NMC1169490 | 12-Apr-2018 | Humbolt |
| KCB 50 | 18-Jan-2018 | 2018-02502 | 13-Apr-18 | NMC1169491 | 12-Apr-2018 | Humbolt |
| KCB 51 | 18-Jan-2018 | 2018-02503 | 13-Apr-18 | NMC1169492 | 12-Apr-2018 | Humbolt |
| KCB 52 | 18-Jan-2018 | 2018-02504 | 13-Apr-18 | NMC1169493 | 12-Apr-2018 | Humbolt |
| KCB 53 | 18-Jan-2018 | 2018-02505 | 13-Apr-18 | NMC1169494 | 12-Apr-2018 | Humbolt |
| KCB 54 | 18-Jan-2018 | 2018-02506 | 13-Apr-18 | NMC1169495 | 12-Apr-2018 | Humbolt |
| KCB 55 | 18-Jan-2018 | 2018-02507 | 13-Apr-18 | NMC1169496 | 12-Apr-2018 | Humbolt |
| KCB 56 | 18-Jan-2018 | 2018-02508 | 13-Apr-18 | NMC1169497 | 12-Apr-2018 | Humbolt |
| KCB 57 | 18-Jan-2018 | 2018-02509 | 13-Apr-18 | NMC1169498 | 12-Apr-2018 | Humbolt |
| KCB 58 | 18-Jan-2018 | 2018-02510 | 13-Apr-18 | NMC1169499 | 12-Apr-2018 | Humbolt |
| KCB 59 | 18-Jan-2018 | 2018-02511 | 13-Apr-18 | NMC1169500 | 12-Apr-2018 | Humbolt |
| KCB 60 | 18-Jan-2018 | 2018-02512 | 13-Apr-18 | NMC1169501 | 12-Apr-2018 | Humbolt |
| KCB 61 | 18-Jan-2018 | 2018-02513 | 13-Apr-18 | NMC1169502 | 12-Apr-2018 | Humbolt |
| KCB 62 | 18-Jan-2018 | 2018-02514 | 13-Apr-18 | NMC1169503 | 12-Apr-2018 | Humbolt |
| KCB 63 | 18-Jan-2018 | 2018-02515 | 13-Apr-18 | NMC1169504 | 12-Apr-2018 | Humbolt |
| KCB 64 | 18-Jan-2018 | 2018-02516 | 13-Apr-18 | NMC1169505 | 12-Apr-2018 | Humbolt |
| KCB 65 | 18-Jan-2018 | 2018-02517 | 13-Apr-18 | NMC1169506 | 12-Apr-2018 | Humbolt |
| KCB 86 | 8-Mar-2018 | 2018-02582 | 13-Apr-18 | NMC1169527 | 12-Apr-2018 | Humbolt |
| KCB 87 | 8-Mar-2018 | 2018-02583 | 13-Apr-18 | NMC1169528 | 12-Apr-2018 | Humbolt |
| KCB 88 | 8-Mar-2018 | 2018-02584 | 13-Apr-18 | NMC1169529 | 12-Apr-2018 | Humbolt |
| KCB 89 | 8-Mar-2018 | 2018-02585 | 13-Apr-18 | NMC1169530 | 12-Apr-2018 | Humbolt |
| KCB 90 | 8-Mar-2018 | 2018-02586 | 13-Apr-18 | NMC1169531 | 12-Apr-2018 | Humbolt |
| KCB 91 | 8-Mar-2018 | 2018-02587 | 13-Apr-18 | NMC1169532 | 12-Apr-2018 | Humbolt |
| KCB 92 | 8-Mar-2018 | 2018-02588 | 13-Apr-18 | NMC1169533 | 12-Apr-2018 | Humbolt |
| KCB 93 | 8-Mar-2018 | 2018-02589 | 13-Apr-18 | NMC1169534 | 12-Apr-2018 | Humbolt |
| KCB 94 | 8-Mar-2018 | 2018-02590 | 13-Apr-18 | NMC1169535 | 12-Apr-2018 | Humbolt |
| KCB 95 | 8-Mar-2018 | 2018-02591 | 13-Apr-18 | NMC1169536 | 12-Apr-2018 | Humbolt |
| KCB 96 | 8-Mar-2018 | 2018-02592 | 13-Apr-18 | NMC1169537 | 12-Apr-2018 | Humbolt |
| KCB 97 | 8-Mar-2018 | 2018-02593 | 13-Apr-18 | NMC1169538 | 12-Apr-2018 | Humbolt |
| KCB 98 | 8-Mar-2018 | 2018-02594 | 13-Apr-18 | NMC1169539 | 12-Apr-2018 | Humbolt |
| KCB 99 | 8-Mar-2018 | 2018-02595 | 13-Apr-18 | NMC1169540 | 12-Apr-2018 | Humbolt |
| KCB 100 | 8-Mar-2018 | 2018-02596 | 13-Apr-18 | NMC1169541 | 12-Apr-2018 | Humbolt |
| KCB 101 | 8-Mar-2018 | 2018-02597 | 13-Apr-18 | NMC1169542 | 12-Apr-2018 | Humbolt |
| KCB 102 | 8-Mar-2018 | 2018-02598 | 13-Apr-18 | NMC1169543 | 12-Apr-2018 | Humbolt |
| KCB 103 | 8-Mar-2018 | 2018-02599 | 13-Apr-18 | NMC1169544 | 12-Apr-2018 | Humbolt |
| KCB 104 | 8-Mar-2018 | 2018-02600 | 13-Apr-18 | NMC1169545 | 12-Apr-2018 | Humbolt |
| KCB 105 | 8-Mar-2018 | 2018-02601 | 13-Apr-18 | NMC1169546 | 12-Apr-2018 | Humbolt |
| KCB 106 | 8-Mar-2018 | 2018-02602 | 13-Apr-18 | NMC1169547 | 12-Apr-2018 | Humbolt |
| KCB 107 | 8-Mar-2018 | 2018-02603 | 13-Apr-18 | NMC1169548 | 12-Apr-2018 | Humbolt |
| KCB 108 | 8-Mar-2018 | 2018-02604 | 13-Apr-18 | NMC1169549 | 12-Apr-2018 | Humbolt |
| KCB 109 | 8-Mar-2018 | 2018-02605 | 13-Apr-18 | NMC1169550 | 12-Apr-2018 | Humbolt |
| KCB 110 | 8-Mar-2018 | 2018-02606 | 13-Apr-18 | NMC1169551 | 12-Apr-2018 | Humbolt |
| KCB 111 | 8-Mar-2018 | 2018-02607 | 13-Apr-18 | NMC1169552 | 12-Apr-2018 | Humbolt |
| KCB 112 | 8-Mar-2018 | 2018-02608 | 13-Apr-18 | NMC1169553 | 12-Apr-2018 | Humbolt |
| KCB 113 | 8-Mar-2018 | 2018-02609 | 13-Apr-18 | NMC1169554 | 12-Apr-2018 | Humbolt |
| KCB 114 | 8-Mar-2018 | 2018-02610 | 13-Apr-18 | NMC1169555 | 12-Apr-2018 | Humbolt |
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 5 of 7 |
Company Name: Pediment Gold LLC
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| KCB 115 | 8-Mar-2018 | 2018-02611 | 13-Apr-18 | NMC1169556 | 12-Apr-2018 | Humbolt |
| KCB 116 | 8-Mar-2018 | 2018-02612 | 13-Apr-18 | NMC1169557 | 12-Apr-2018 | Humbolt |
| KCB 117 | 8-Mar-2018 | 2018-02613 | 13-Apr-18 | NMC1169558 | 12-Apr-2018 | Humbolt |
| KCB 118 | 8-Mar-2018 | 2018-02614 | 13-Apr-18 | NMC1169559 | 12-Apr-2018 | Humbolt |
| KCB 119 | 8-Mar-2018 | 2018-02615 | 13-Apr-18 | NMC1169560 | 12-Apr-2018 | Humbolt |
| KCB 120 | 8-Mar-2018 | 2018-02616 | 13-Apr-18 | NMC1169561 | 12-Apr-2018 | Humbolt |
| KCB 121 | 8-Mar-2018 | 2018-02617 | 13-Apr-18 | NMC1169562 | 12-Apr-2018 | Humbolt |
| KCB 122 | 8-Mar-2018 | 2018-02618 | 13-Apr-18 | NMC1169563 | 12-Apr-2018 | Humbolt |
| KCB 123 | 8-Mar-2018 | 2018-02619 | 13-Apr-18 | NMC1169564 | 12-Apr-2018 | Humbolt |
| KCB 124 | 8-Mar-2018 | 2018-02620 | 13-Apr-18 | NMC1169565 | 12-Apr-2018 | Humbolt |
| KCB 125 | 8-Mar-2018 | 2018-02621 | 13-Apr-18 | NMC1169566 | 12-Apr-2018 | Humbolt |
| KCB 126 | 8-Mar-2018 | 2018-02622 | 13-Apr-18 | NMC1169567 | 12-Apr-2018 | Humbolt |
| KCB 127 | 8-Mar-2018 | 2018-02623 | 13-Apr-18 | NMC1169568 | 12-Apr-2018 | Humbolt |
| KCB 128 | 8-Mar-2018 | 2018-02624 | 13-Apr-18 | NMC1169569 | 12-Apr-2018 | Humbolt |
| KCB 129 | 8-Mar-2018 | 2018-02625 | 13-Apr-18 | NMC1169570 | 12-Apr-2018 | Humbolt |
| KCB 138 | 8-Mar-2018 | 2018-02626 | 13-Apr-18 | NMC1169579 | 12-Apr-2018 | Humbolt |
| KCB 139 | 8-Mar-2018 | 2018-02627 | 13-Apr-18 | NMC1169580 | 12-Apr-2018 | Humbolt |
| KCB 140 | 8-Mar-2018 | 2018-02628 | 13-Apr-18 | NMC1169581 | 12-Apr-2018 | Humbolt |
| KCB 141 | 8-Mar-2018 | 2018-02629 | 13-Apr-18 | NMC1169582 | 12-Apr-2018 | Humbolt |
| KCB 142 | 8-Mar-2018 | 2018-02630 | 13-Apr-18 | NMC1169583 | 12-Apr-2018 | Humbolt |
| KCB 143 | 8-Mar-2018 | 2018-02631 | 13-Apr-18 | NMC1169584 | 12-Apr-2018 | Humbolt |
| KCB 144 | 8-Mar-2018 | 2018-02632 | 13-Apr-18 | NMC1169585 | 12-Apr-2018 | Humbolt |
| KCB 145 | 8-Mar-2018 | 2018-02633 | 13-Apr-18 | NMC1169586 | 12-Apr-2018 | Humbolt |
| KCB 146 | 19-Jan-2018 | 2018-02546 | 13-Apr-18 | NMC1169587 | 12-Apr-2018 | Humbolt |
| KCB 147 | 19-Jan-2018 | 2018-02547 | 13-Apr-18 | NMC1169588 | 12-Apr-2018 | Humbolt |
| KCB 148 | 19-Jan-2018 | 2018-02548 | 13-Apr-18 | NMC1169589 | 12-Apr-2018 | Humbolt |
| KCB 149 | 19-Jan-2018 | 2018-02549 | 13-Apr-18 | NMC1169590 | 12-Apr-2018 | Humbolt |
| KCB 150 | 19-Jan-2018 | 2018-02550 | 13-Apr-18 | NMC1169591 | 12-Apr-2018 | Humbolt |
| KCB 151 | 19-Jan-2018 | 2018-02551 | 13-Apr-18 | NMC1169592 | 12-Apr-2018 | Humbolt |
| KCB 152 | 19-Jan-2018 | 2018-02552 | 13-Apr-18 | NMC1169593 | 12-Apr-2018 | Humbolt |
| KCB 153 | 19-Jan-2018 | 2018-02553 | 13-Apr-18 | NMC1169594 | 12-Apr-2018 | Humbolt |
| KCB 154 | 19-Jan-2018 | 2018-02554 | 13-Apr-18 | NMC1169595 | 12-Apr-2018 | Humbolt |
| KCB 155 | 19-Jan-2018 | 2018-02555 | 13-Apr-18 | NMC1169596 | 12-Apr-2018 | Humbolt |
| KCB 156 | 19-Jan-2018 | 2018-02556 | 13-Apr-18 | NMC1169597 | 12-Apr-2018 | Humbolt |
| KCB 157 | 19-Jan-2018 | 2018-02557 | 13-Apr-18 | NMC1169598 | 12-Apr-2018 | Humbolt |
| KCB 158 | 19-Jan-2018 | 2018-02558 | 13-Apr-18 | NMC1169599 | 12-Apr-2018 | Humbolt |
| KCB 159 | 19-Jan-2018 | 2018-02559 | 13-Apr-18 | NMC1169600 | 12-Apr-2018 | Humbolt |
| KCB 160 | 19-Jan-2018 | 2018-02560 | 13-Apr-18 | NMC1169601 | 12-Apr-2018 | Humbolt |
| KCB 161 | 19-Jan-2018 | 2018-02561 | 13-Apr-18 | NMC1169602 | 12-Apr-2018 | Humbolt |
| KCB 162 | 19-Jan-2018 | 2018-02562 | 13-Apr-18 | NMC1169603 | 12-Apr-2018 | Humbolt |
| KCB 163 | 19-Jan-2018 | 2018-02563 | 13-Apr-18 | NMC1169604 | 12-Apr-2018 | Humbolt |
| KCB 164 | 19-Jan-2018 | 2018-02564 | 13-Apr-18 | NMC1169605 | 12-Apr-2018 | Humbolt |
| KCB 165 | 19-Jan-2018 | 2018-02565 | 13-Apr-18 | NMC1169606 | 12-Apr-2018 | Humbolt |
| KCB 166 | 19-Jan-2018 | 2018-02566 | 13-Apr-18 | NMC1169607 | 12-Apr-2018 | Humbolt |
| KCB 167 | 19-Jan-2018 | 2018-02567 | 13-Apr-18 | NMC1169608 | 12-Apr-2018 | Humbolt |
| KCB 168 | 19-Jan-2018 | 2018-02568 | 13-Apr-18 | NMC1169609 | 12-Apr-2018 | Humbolt |
| KCB 169 | 19-Jan-2018 | 2018-02569 | 13-Apr-18 | NMC1169610 | 12-Apr-2018 | Humbolt |
| KCB 170 | 19-Jan-2018 | 2018-02570 | 13-Apr-18 | NMC1169611 | 12-Apr-2018 | Humbolt |
| KCB 171 | 19-Jan-2018 | 2018-02571 | 13-Apr-18 | NMC1169612 | 12-Apr-2018 | Humbolt |
| KCB 172 | 19-Jan-2018 | 2018-02572 | 13-Apr-18 | NMC1169613 | 12-Apr-2018 | Humbolt |
| KCB 173 | 19-Jan-2018 | 2018-02573 | 13-Apr-18 | NMC1169614 | 12-Apr-2018 | Humbolt |
| KCB 174 | 19-Jan-2018 | 2018-02574 | 13-Apr-18 | NMC1169615 | 12-Apr-2018 | Humbolt |
| KCB 175 | 19-Jan-2018 | 2018-02575 | 13-Apr-18 | NMC1169616 | 12-Apr-2018 | Humbolt |
| KCB 176 | 19-Jan-2018 | 2018-02576 | 13-Apr-18 | NMC1169617 | 12-Apr-2018 | Humbolt |
| KCB 177 | 19-Jan-2018 | 2018-02577 | 13-Apr-18 | NMC1169618 | 12-Apr-2018 | Humbolt |
| KCB 178 | 19-Jan-2018 | 2018-02578 | 13-Apr-18 | NMC1169619 | 12-Apr-2018 | Humbolt |
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 6 of 7 |
Company Name: Pediment Gold LLC
| County Recording Information | BLM Filing Information | |||||
| Claim Name | Location Date | Doc # | Record Date | BLM Serial No. | Record Date | County |
| KCB 179 | 19-Jan-2018 | 2018-02579 | 13-Apr-18 | NMC1169620 | 12-Apr-2018 | Humbolt |
| KCB 180 | 19-Jan-2018 | 2018-02580 | 13-Apr-18 | NMC1169621 | 12-Apr-2018 | Humbolt |
| KCB 181 | 19-Jan-2018 | 2018-02637 | 16-Apr-18 | NMC1169622 | 12-Apr-2018 | Humbolt |
| 333 | TOTAL | |||||
| KC (PHP & KCB) Claims | Pediment Gold LLC (775) 359-7740 | Page 7 of 7 |
Exploration and Option to Enter Joint Venture Agreement
Kelly Creek Project
Exhibit B
Net Profits Interest Definition and Calculation
1. Income and Expenses. Net Profits shall be calculated by deducting from the gross revenues received (or deemed to be received) from the sale (or deemed sale) of minerals, the costs and expenses reasonably incurred in the processing, production, sale and transportation of minerals, including without limitation:
1.1 All costs (including the full amount of capital expenditures) and expenses of installing, replacing, expanding, modifying, altering or changing from time to time any mining facilities. Costs and expenses of improvements (such as haulage ways or mill facilities) that are also used in connection with workings other than the Property shall be charged to the Property only in the proportion that their use in connection with the Property bears to their total use.
1.2 Ad valorem real property taxes, and all taxes, other than income taxes, applicable to the acquisition, exploration, development, and mining of the Property, including without limitation all mining taxes, sales taxes, severance taxes, federal annual mining claim rental fees, royalties, license fees and governmental levies of a similar nature.
1.3 All expenses incurred relative to the marketing and sale of minerals, including an allowance for commissions at rates which are normal and customary in the industry.
1.4 All amounts payable to the operator of the Property during mining pursuant to any applicable operating or similar agreement in force with respect to mining.
1.5 Reclamation costs and the costs of establishment of a fund or acquisition of a surety bond to secure performance of reclamation.
1.6 All costs, obligations, liabilities and expenses incurred by the operator in connection with or for the benefit of the Property and all operations including, without limitation, the costs of salaries and wages including actual labor overhead expenses (for fringe benefits and the like) of all employees of the operator engaged directly in connection with or for the benefit of the Property and all operations.
1.7 All expenditures (including the full amount of capital expenditures) for exploration, development, or mining of the Property, to the extent not otherwise described.
1.8 Costs and expenses for the use of machinery, equipment and supplies, including inventory, required for acquisition, exploration, development, mining and marketing activities; provided, however, that if the operator of the Property uses its own equipment, the charges shall be no greater than on terms available from third parties in the vicinity of the Property.
1.9 Travel expenses and expenses of transportation of employees, material, equipment and supplies necessary or convenient for the conduct of acquisition, exploration, development, mining and marketing activities.
17
1.10 All payments to contractors, including payments for work on acquisition, exploration, development, mining and marketing activities.
1.11 Costs of testing and analyses and any other costs incurred to determine the quality and quantity of minerals.
1.12 Costs incurred in preparation and acquisition of environmental permits necessary to commence or complete the acquisition, exploration, development, mining and marketing activities.
1.13 Costs and expenses of maintenance of the Property.
1.14 Costs and expenses of preparation of a feasibility study.
1.15 The costs of any insurance premium or performance bonds required by law.
1.16 All costs incurred for title curative work on, or for the benefit of, the Property.
1.17 Allowance for overhead, general and administrative expenses and management fees.
1.18 Interest on monies borrowed or advanced for the foregoing costs and expenses, at the actual borrowing rate, negotiated at arm’s length, to the extent gross revenues sufficient to recover such expenditures have not been realized.
It is intended that the operator of the Property shall recoup from net cash flow all contributions for exploration, development, mining, and marketing minerals before any Net Profits are distributed to any person holding a Net Profits interest. No deduction shall be made for income taxes. Depreciation, amortization or depletion shall not be charged or deducted, inasmuch as the cost of assets which would generally give rise to such charges is directly recoverable to the full extent of their cost pursuant to this provision. If in any period any negative net cash flow is incurred, then the amount of the negative net cash flow shall be considered as and be included with outstanding costs and expenses and carried forward in determining Net Profits for subsequent periods. If minerals are processed by the operator of the Property, or are sold to an affiliate of the operator, then, for purposes of calculating Net Profits, such minerals shall be deemed to have been sold at a price equal to the greater of fair market value to arm's length purchasers FOB the concentrator for the Property or actual price of sale to the affiliate, and Net Profits relative thereto shall be calculated without reference to any profits or losses attributable to smelting or refining.
2. Payment of Net Profits. Payments of Net Profits shall commence in the calendar quarter next following the calendar quarter in which Net Profits are first realized, and shall be made forty-five (45) days following the end of each calendar quarter during which Net Profits are realized, and shall be subject to adjustment, if required, at the end of each calendar year. The recipient of such Net Profits payments shall have the right to audit such payments once annually at its cost.
3. Credits for Recoupment. The operator shall deduct from any payments of Net Profits any and all amounts, costs or expenditures which the operator is entitled to credit or recoup from the holder of a Net Profits Interest pursuant to the Agreement of which this Net Profits Calculation is a part.
18
