0000950123-11-071535 Sample Contracts

Potash Sharing Agreement
Potash Sharing Agreement • August 2nd, 2011 • Prospect Global Resources Inc. • General bldg contractors - residential bldgs • Arizona

This Potash Sharing Agreement (this “Agreement”) dated as of July 27, 2011 (the “Effective Date”) is between American West Potash LLC, a Delaware limited liability company (“Operator”), and the following parties: (i) the SL Group (as defined in Section 1.11), (ii) American General Life Insurance Company, a Texas corporation (“AIG”), and (iii) Pap and Pop Family Ltd., a Texas limited partnership, and 3MKJ LP, a Texas limited partnership (collectively the “Hortenstine Group” and, together with the SL Group and AIG, the “Other Parties”); the Other Parties and the Operator, each a “Party” and collectively the “Parties”).

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HORTENSTINE GROUP MINERAL LEASE LESSEE: American West Potash, LLC LESSOR: PAP & POP Family Ltd, a Texas limited partnership; 3MKJ, LP, a Texas limited partnership (collectively, the “Hortenstine Group”)
Mineral Lease • August 2nd, 2011 • Prospect Global Resources Inc. • General bldg contractors - residential bldgs • Arizona

This mineral lease (the “Lease”) is entered into by and between PAP & POP Family Ltd., a Texas limited partnership, and 3MKJ, a Texas limited partnership (collectively the “Hortenstine Group” or “Lessor”), and American West Potash, LLC, a Delaware limited liability company (“Lessee”), each a “Party” and sometimes collectively referred to as the “Parties.”

SPURLOCK/LUCKING GROUP MINERAL LEASE LESSEE: American West Potash, LLC LESSOR: James Marlin Gale, Evelyn W. Lucking, David Glen Spurlock, Ransom Theodore Spurlock, Robert H.W.W. Spurlock, Vincent Pride Spurlock and Nancy Elizabeth Winn
Mineral Lease • August 2nd, 2011 • Prospect Global Resources Inc. • General bldg contractors - residential bldgs • Arizona

This mineral lease (the “Lease”) is entered into by and between James Marlin Gale, a married man, David Glen Spurlock, a married man as his sole and separate property, Ransom Theodore Spurlock Jr., a married man, Robert H. W.W. Spurlock, a married man, Vincent Pride Spurlock, a married man and Nancy Elizabeth Winn, a married woman and Evelyn Lucking, a married woman, (collectively the “Spurlock/Lucking Group” or “Lessor”), and American West Potash, LLC, a Delaware limited liability company (“Lessee”), each a “Party” and sometimes collectively referred to as the “Parties.”

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