AuEx, Inc.
AuEx, Inc.
000 Xxxxxx Xxxx, Xxxxx 00,
Xxxx, Xxxxxx 00000
July 1, 2010
000 Xxxxxx Xxxx Xx., Xxxxx 000
Xxxx XX 00000
Re:
Assignment of Exploration Earn-In Agreement dated March 29, 2010 and Transfer of Trinity Silver project
This letter will serve to provide notice and request your consent and waiver of the right of first refusal (“Waiver”), in accordance with article I, section 1 and section 2, respectively, of the Exploration Earn-In Agreement (the “Option Agreement”) between Liberty Silver Corp. (“Liberty”) and AuEx, Inc. (“AuEx”) made effective March 29, 2010, for AuEx to transfer and assign all of its interest in the Trinity Silver project, being the subject of the Option Agreement, and the Option Agreement to Renaissance Exploration, Inc. (the “Transfer”) with the Transfer to be effective on July 1, 2010.
Renaissance Exploration, Inc. and AuEx are beneficially owned by AuEx Ventures, Inc. and there will be no change in beneficial ownership as a result of the Transfer. Please acknowledge your consent to the Transfer and the granting of the Waiver by signing the acknowledgement below.
AUEX, INC. | |
Per: | /s/Xxxxxxx Xxxxxx |
Authorized Signatory | |
Per: | /s/Xxxxxxx Xxxxxx |
Authorized Signatory | |
Liberty hereby acknowledges and agrees to the Transfer and grants the Waiver and hereby acknowledges that following the Transfer the Option Agreement remains and will remain in full force and effect.
RENAISSANCE EXPLORATION, INC. | |
Per: | /s/Xxxxxxx Xxxxxx |
Authorized Signatory | |
Renaissance hereby acknowledges that the above referenced Option Agreement remains in full force and effect and hereby acknowledges and agrees to the assignment.
