AGREEMENT
EXHIBIT 10.5
AGREEMENT
THIS AGREEMENT dated the 9th day of October, 2002.
BETWEEN:
XXXXX X. XXXXXXXXX, of Xxxxx 000, 0000 Xxxxxx Xxxxxx,
Xxxxxxxxx, XX
(hereinafter called "Xxxxxxxxx")
OF THE FIRST PART
AND:
CLIVE de LARRABEITI, of Xxxxx Xxxxx, Xxxxxxx Xxxx, Xxxxxxxxx,
Xxxx Xxxxxx, XX
(hereinafter called "De Larrabeiti")
OF THE SECOND PART
(collectively referred to as the "Parties")
WHEREAS:
X. Xxxxxxxxx owns the title of the mineral interest in claims of Silver Stone 1, 2, 3, 4, 5 and 6,
in the Mining Division of Slocan, British Columbia and the information related to these
claims.
B. De Larrabeiti wishes to acquire these titles of the mineral interest and obtain the related
information from Xxxxxxxxx.
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the Parties agree as follows:
1. Xxxxxxxxx agrees to sell and De Larrabeiti agrees to purchase the following mineral titles:
a) Silver Stone 1, Tenure No. 301217, 100% of Title being sold;
b) Silver Stone 2, Tenure No. 301218, 100% of Title being sold;
c) Silver Stone 3, Tenure No. 301225, 100% of Title being sold;
d) Silver Stone 4, Tenure No. 301226, 100% of Title being sold;
e) Silver Stone 5, Tenure No. 301227, 100% of Title being sold;
f) Silver Stone 6, Tenure No. 301228, 100% of Title being sold;
2. Xxxxxxxxx agrees to provide to De Larrabeiti information related to these mineral claims.
3. The Parties agrees that De Larrabeiti shall pay to Xxxxxxxxx a total amount of CDN $600
in cash on the date of this Agreement.
IN WITNESS WHEREOF the parties hereto have executed this agreement the day and year first above written.
Xxxxx X. Xxxxxxxxx
in the presence of:
/s/ D. Xxxx Xxxxxxxx"
Witness Name - Signature
D. Xxxx Xxxxxxxx
Witness Name - Print
/s/ "Xxxxx X. Xxxxxxxxx"___
XXXXX X. XXXXXXXXX
000 - 000 Xxxx Xxxxxx
Xxxxxxx
Xxxxxxxxx, XX
City, Province
Corporate Secretary
Occupation
Clive de Larrabeiti
in the presence of:
/s/ "B.M. de Larrabeiti"
Witness Name - Signature
B. de Larrabeiti
Witness Name - Print
/s/ "Clive de Larrabeiti"
South Lodge, Paxhill Park CLIVE de LARRABEITI
Address
Lindfield, W. Sussex, UK
City, Province
Teacher
Occupation