Common use of Operator’s Obligations Clause in Contracts

Operator’s Obligations. During the term of this Agreement, the Optionee, as operator, will: (a) conduct all Operations in a manner consistent with good exploration, engineering and mining practice and in compliance in all material respects with any applicable laws, rules, orders and regulations, including the carrying and maintaining of liability insurance on employees, all laws and regulations regarding reclamation, protection of the environment or human health, and applicable Environmental Laws with respect to the Property; (b) maintain the Property in good standing as required by applicable laws, including by payment of taxes or other charges, the doing and filing of all necessary work, as assessment work or otherwise, and the doing of all other acts and things, and making of all other payments, as may be necessary in that regard; (c) acquire all federal, provincial, and local permits required for the Operations; (d) be responsible for reclamation of those areas disturbed by the Optionee’s activities and will post any operating and reclamation bonds required by regulatory agencies for work on the Property; (e) keep the Property free and clear of all Encumbrances related to operations by the Optionee (except liens for taxes not yet due, other inchoate liens and liens contested in good faith by the Optionee) and to proceed with all diligence to contest and discharge any such Encumbrance that is filed; (f) appoint, as of the Closing Date, a manager, ensure that there is a Person acting in the capacity of manager at all times, and notify the inspector and the Optionor in writing of the name of the manager, prior to commencing any operations at the Property in accordance with applicable laws; (g) on five (5) Business Days’ prior notice by the Optionor and at the Optionor’s sole risk and expense, permit any Personnel of the Optionor access to the Property at all reasonable times for the purpose of inspecting the work being done by the Optionee, provided that such inspection does not unduly interfere with any work being carried out by or on behalf of the Optionee, and further provided that the Optionor’s Personnel shall comply with all applicable safety regulations and policies during such inspection, and the Optionor shall indemnify and save harmless the Optionee from any Claim arising in connection with such inspection that is the direct result of action of Personnel of the Optionor; (h) on 14 days’ prior notice by the Optionor, permit the Optionor access to all data, reports or results generated with respect to the exploration and development of the Property; and (i) deliver to the Optionor, on a semi-annual basis, reports with respect to the exploration and development of the Property, and all factual maps, reports, assay results and other factual data and documentation relating to the Operations.

Operator’s Obligations. During the term of this Agreement, the Optionee, as operator, will: (a) conduct all Operations in a manner consistent with good exploration, engineering and mining practice and in compliance in all material respects with any applicable laws, rules, orders and regulations, including the carrying and maintaining of liability insurance on employees, all laws and regulations regarding reclamation, protection of the environment or human health, and applicable Environmental Laws with respect to the Property; (b) maintain the Property in good standing as required by applicable laws, including by payment of taxes or other charges, the doing and filing of all necessary work, as assessment work or otherwise, including the payment of annual mining claim maintenance fees, and the doing of all other acts and things, and making of all other payments, as may be necessary in that regard; (c) acquire all federal, provincialstate, and local permits required for the Operations; (d) be responsible for reclamation of those areas disturbed by the Optionee’s activities and will post any operating and reclamation bonds required by regulatory agencies for work on the Property; (e) keep the Property free and clear of all Encumbrances related to operations by the Optionee (except liens for taxes not yet due, other inchoate liens and liens contested in good faith by the Optionee) and to proceed with all diligence to contest and discharge any such Encumbrance that is filed; (f) appoint, as of the Closing Date, a manager, ensure that there is a Person acting in the capacity of manager at all times, and notify the inspector and the Optionor in writing of the name of the manager, prior to commencing any operations at the Property in accordance with applicable laws; (g) on five (5) Business Days14 days’ prior notice by the Optionor and at the Optionor’s sole risk and expense, permit any Personnel of the Optionor access to the Property at all reasonable times for the purpose of inspecting the work being done by the Optionee, provided that such inspection does not unduly interfere with any work being carried out by or on behalf of the Optionee, and further provided that the Optionor’s Personnel shall comply with all applicable safety regulations and policies during such inspection, and the Optionor shall indemnify and save harmless the Optionee from any Claim arising in connection with such inspection that is the direct result of action of Personnel of the Optionor; (hg) on 14 days’ prior notice by the Optionor, permit the Optionor access to all data, reports or results generated with respect to the exploration and development of the Property; and; (ih) deliver to the Optionor, on a semi-an annual basis, reports with respect to the exploration and development of the Property, and all factual maps, reports, assay results and other factual data and documentation relating to the Operations. The Optionor will be entitled to audit any Expenditures incurred by the Optionee as set out in the annual reports at the Optionor’s sole expense; and (i) provide prompt notice to the Optionor of any notice received from a third party or regulatory agency.

Operator’s Obligations. During the term of this Agreement, the Optionee, as operator, Operator will: (a) conduct all Operations in a manner consistent with good sound exploration, engineering and mining practice practices customary in the North American mining industry, and in compliance in all material respects with any applicable laws, rules, orders and regulationsApplicable Laws, including the carrying and maintaining of liability insurance on employees, all laws and regulations regarding reclamation, protection of the environment or human health, and applicable Environmental Laws with respect to the PropertyLaws; (b) maintain the Property in good standing as required by applicable lawsApplicable Laws, including by payment of taxes or other charges, the doing and filing of all necessary work, as assessment work or otherwise, and the doing of all other acts and things, and making of all other payments, as may be necessary in that regard; (c) not take any action or omit to take any action that might reasonably be expected to impair, encumber or diminish Cariboo’s rights in or to the Property or the interest in the Property that Black Shield will acquire upon the exercise of the Option or Additional Interest, as applicable; (d) acquire all federal, provincial, and local permits required for the Operations; (de) be responsible for reclamation of those areas disturbed by the OptioneeOperator’s activities and will post any operating and reclamation bonds required by regulatory agencies for work on the Property; (ef) keep the Property free and clear of all Encumbrances related to operations by the Optionee (except liens for taxes not yet due, other inchoate liens and liens contested in good faith by the OptioneeOperator) and to proceed with all diligence to contest and discharge any such Encumbrance that is filed; (fg) appoint, as of the Closing Date, a manager, ensure that there is a Person acting in the capacity of manager at all times, and notify the inspector and the Optionor Black Shield in writing of the name of the managermanager in accordance with Section 21 of the Mines Act (British Columbia), prior to commencing any operations at the Property in accordance with applicable lawsOperations; (gh) on five (5) Business Days7 days’ prior notice by Cariboo (or such lesser period of reasonable notice as agreed by the Optionor Parties), and at the OptionorCariboo’s sole risk and expense, permit any Personnel of the Optionor Cariboo access to the Property at all reasonable times for the purpose of inspecting the work being done by the OptioneeOperator (as determined by Black Shield in accordance with Section 5.1), provided that such inspection does not unduly interfere with any work being carried out by or on behalf of the OptioneeOperator, and further provided that the OptionorCariboo’s Personnel shall comply with all applicable safety regulations and policies during such inspection, and the Optionor shall Cariboo will indemnify and save harmless the Optionee Operator from any Claim arising in connection with such inspection that is the direct result of action of Personnel of the OptionorCariboo; (hi) on 14 7 days’ prior notice by Cariboo (or such lesser period of reasonable notice as agreed by the OptionorParties), permit the Optionor Cariboo access to all data, reports or results generated with respect to the Operations or other exploration and or development of the Property; and (ij) deliver to the OptionorCariboo, on a semi-annual basis, reports with respect to the exploration and development of the Property, and all factual maps, reports, assay results and other factual data and documentation relating to the Operations.

Operator’s Obligations. During the term of this Agreement, the Optionee, as operator, Operator will: (a) conduct all Operations in a manner consistent with good sound exploration, engineering and mining practice practices customary in the North American mining industry, and in compliance in all material respects with any applicable laws, rules, orders and regulationsApplicable Laws, including the carrying and maintaining of liability insurance on employees, all laws and regulations regarding reclamation, protection of the environment or human health, and applicable Environmental Laws with respect to the PropertyLaws; (b) maintain the Property in good standing as required by applicable lawsApplicable Laws, including by payment of taxes or other charges, the doing and filing of all necessary work, as assessment work or otherwise, and the doing of all other acts and things, and making of all other payments, as may be necessary in that regard; (c) not take any action or omit to take any action that might reasonably be expected to impair, encumber or diminish Cariboo Rose’s rights in or to the Property or the interest in the Property that BRS will acquire upon the exercise of the Option or Additional Interest, as applicable; DocuSign Envelope ID: C38CA006-E1A2-4EF7-A438-219FC6F058A4 (d) acquire all federal, provincial, and local permits required for the Operations; (de) be responsible for reclamation of those areas disturbed by the OptioneeOperator’s activities and will post any operating and reclamation bonds required by regulatory agencies for work on the Property; (ef) keep the Property free and clear of all Encumbrances related to operations by the Optionee (except liens for taxes not yet due, other inchoate liens and liens contested in good faith by the OptioneeOperator) and to proceed with all diligence to contest and discharge any such Encumbrance that is filed; (fg) appoint, as of the Closing Date, a manager, ensure that there is a Person acting in the capacity of manager at all times, and notify the inspector and the Optionor in writing of the name of the manager, prior to commencing any operations at the Property in accordance with applicable laws; (gh) on five (5) Business Days7 days’ prior notice by ▇▇▇▇▇▇▇ ▇▇▇▇ (or such lesser period of reasonable notice as agreed by the Optionor Parties), and at the OptionorCariboo Rose’s sole risk and expense, permit any Personnel of the Optionor Cariboo Rose access to the Property at all reasonable times for the purpose of inspecting the work being done by the OptioneeOperator (as determined by BRS in accordance with Section 6.1), provided that such inspection does not unduly interfere with any work being carried out by or on behalf of the OptioneeOperator, and further provided that the Optionor▇▇▇▇▇▇▇ ▇▇▇▇’s Personnel shall comply with all applicable safety regulations and policies during such inspection, and the Optionor shall Cariboo Rose will indemnify and save harmless the Optionee Operator from any Claim arising in connection with such inspection that is the direct result of action of Personnel of the Optionor▇▇▇▇▇▇▇ ▇▇▇▇; (hi) on 14 7 days’ prior notice by ▇▇▇▇▇▇▇ ▇▇▇▇ (or such lesser period of reasonable notice as agreed by the OptionorParties), permit the Optionor Cariboo Rose access to all data, reports or results generated with respect to the Operations or other exploration and or development of the Property; and (ij) deliver to the OptionorCariboo Rose, on a semi-annual basis, reports with respect to the exploration and development of the Property, and all factual maps, reports, assay results and other factual data and documentation relating to the Operations.