Offer To Purchase Minerals

Offer to purchase minerals.

To: Please state the name of the SELLER

Please enter address of SELLER.

Please enter the name of the BUYER, referred to herein as BUYER, offers to purchase the following described minerals from Please state the name of the SELLER, referred to herein as SELLER, upon the terms and conditions stated herein.

This offer shall expire unless accepted by 5:00 p.m. mountain time on Please enter the expiration date of the offer. SELLER shall signify acceptance by executing the attached form of acceptance.

The gross purchase price shall be $ Please enter the gross purchase price (in numerals) (Please enter the gross purchase price (in numerals) dollars). The legal description of the property is:

Please state the legal description of the property Include the following if the purchase price will be paid: With terms

To be paid via wire transfer:

$ Enter the amount of cash to be paid at closing (Enter the amount of cash to be paid at closing Dollars), to be paid upon receipt of executed mineral deed, provided to SELLER from BUYER.

The closing will be held within Enter number of days between acceptance and closing of the acceptance of this offer to the SELLER, but in no event in less than Enter minimum number of days between acceptance and closing from the notice.

The title shall be free and clear of any encumbrances other than those, if any, to be assumed by the BUYER at closing. Should any defects in the title, the SELLER shall have 60 days to clear the same. If the SELLER is unable to do so, BUYER shall have the option of closing or rescinding this contract. Should BUYER rescind the contract, then the SELLER shall refund as liquidated damages, and not a penalty, the funds paid for the option to BUYER.

The BUYER may at its expense obtain a current survey and title history of the property. Should the survey indicate encroachments or title history indicate a discrepancy, then the SELLER shall remedy the same within 60 days. Should SELLER fail to clear such encroachments, then the BUYER shall have the option of closing or rescinding this contract. Should BUYER rescind the contract, then the SELLER shall refund as liquidated damages, and not a penalty, the funds paid for the option to BUYER.

Should the minerals or any portion thereof be leased, SELLER shall provide to the BUYER a copy of and any all leases in effect.

Please enter the name of the BUYER, BUYER/OFFEROR

ACCEPTANCE OF OFFER

I hereby accept the offer set forth above.

Dated: Enter DATE of acceptance

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