∺ffiliates means any person, partnership, joint venture, corporation or other form of enterprise which directly or indirectly controls, is controlled by, or is under common control with, a Party. ∺ct means the Mining Act (Québec) and the regulations thereunder in effect from time to time and any amendment thereof. Throughout this Agreement, unless something in the subject matter or context is inconsistent therewith, the following terms shall have the meanings set forth below: NOW, THEREFORE, THIS AGREEMENT WITNESSES that, in consideration of the premises and the mutual covenants and agreements herein contained, the Parties hereto hereby agree as follows: WHEREAS the Parties have agreed to establish, upon execution hereof, a Venture for the purposes of conducting Operations on the Project WHEREAS Clifton has agreed to grant to Osisko an option to earn 50% undivided interest in Cliftons Interest, for such consideration, during such period and in such manner as is hereinafter set forth WHEREAS Osisko has expressed its interest in acquiring a 50% undivided interest in Cliftons right, title and interest in and to the Project (∼liftons Interest) WHEREAS Clifton holds various mineral property interests or options or rights thereto, directly or indirectly, located in the Destor and Duparquet Townships, Province of Québec, and more particularly described in Exhibit ∺ attached hereto (collectively, the ∽uparquet Mining Camp Project or the Project) OSISKO MINING CORPORATION, a company incorporated and existing under the laws of Canada and having its head office at 1100, De La Gauchetière Street West, Suite 300, Montreal, Québec, H3B 2S2 THIS AGREEMENT is executed as of December, with effect as of January 1 st, 2010.ĬLIFTON STAR RESOURCES INC., a company incorporated and existing under the laws of the Province of British Columbia and having its head office at 836 - 470 Granville Street Vancouver, B.C.

DEFINITION OF LIENS AND EXCEPTION TO OWNERSHIP RIGHTS

PROGRAMS, BUDGETS, AND MANAGEMENT OF JOINT ACCOUNTĪBANDONMENT AND SURRENDER OF PROPERTY AND OTHER ASSETS They empower entrepreneurs and companies to align their visions and set sail towards shared goals with confidence and legal fortitude.REPRESENTATIONS, WARRANTIES, AND COVENANTS These templates are more than just documents they are a pact of partnership, designed to support the formation of successful and prosperous business ventures. Utilizing a template from Venngage means entering into a joint venture with a strong foundation. With user-friendly tools, partners can add their branding, adjust the layout, and ensure that the final document reflects the unique synergy of their collaborative effort. What sets Venngage's templates apart is the intuitive design, which allows users to customize the agreement to the specific needs of their joint venture. This ensures that all parties have a mutual understanding of their commitment and the expectations involved.

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Joint venture agreement template