AURORA METALS (BVI) LIMITED GRID NOTE
EXHIBIT
99.4
AURORA METALS (BVI) LIMITED
Date: April 17, 2008
FOR VALUE RECEIVED, the undersigned, Aurora Metals (BVI) Limited. (the “Borrower”),
incorporated under the laws of the British Virgin Islands and having its principal office and place
of business at Suite 204, 0000 Xxxx 00xx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0, PROMISES TO
PAY to or to the order of Nevoro Inc. (the “Lender”) at its offices at 000 Xxxxxxxx Xx. X., Xxxxx
000 Xxxxxxx, Xxxxxxx X0X 0X0 or at such other place as the Lender may designate, the principal
amount outstanding as recorded by the Lender in the column headed “Unpaid Principal Balance” on the
record (the “Grid”) attached to and forming part of this Note, such Unpaid Principal Balance not to
exceed Cdn.$500,000 in the aggregate.
The Lender shall and is unconditionally and absolutely authorized and directed by the Borrower
to record on the Grid (i) the date and amount of each advance made by the Lender and the resulting
increase of the Unpaid Principal Balance, and (ii) the date and amount of each repayment on account
of the principal paid to the Lender and the resulting decrease of the Unpaid Principal Balance.
Such notations, in the absence of manifest mathematical error, shall be prima facie evidence of
such advances and repayments; provided that the failure of the Lender to record the same shall not
affect the obligations of the Borrower to pay such amounts to the Lender.
The Unpaid Principal Balance together with all outstanding interest shall become due and
payable within 90 days following DEMAND by the Lender, but in no event later than January 1, 2009.
If DEMAND for repayment of all amounts owing under this Note has not been made by the Lender by
January 1, 2009 the Borrower acknowledges that DEMAND will be deemed to have been made on such
date.
The Unpaid Principal Balance, remaining from time to time unpaid and outstanding, shall bear
interest from this date both before and after demand at the rate per annum equal to the Prime Rate
plus 2% per annum. For the purposes of this Note, the “Prime Rate” means the per annum rate of
interest quoted, published and commonly known as the “prime rate” of Royal Bank of Canada (the
“Bank”) which the Bank establishes at its main office in Toronto, Ontario as the reference rate of
interest in order to determine interest rates for loans in Canadian dollars to its Canadian
borrowers, adjusted automatically with each quoted or published change in such rate, all without
the necessity of any notice to the Borrower or any other
person. Interest at such rate shall accrue daily and shall be calculated on the basis of the
actual number of days elapsed in a year of 365 days or 366 days, as the case may be, and shall be
payable in full with the Unpaid Principal Balance within 90 days following DEMAND by the Lender,
but in no event later than January 1, 2009
The Borrower waives presentment for payment and notice of non-payment.
At the option and in the sole discretion of the Lender, all or a portion of the Unpaid
Principal Balance plus all accrued unpaid interest and all other amounts that may be owing under
this Note to the Lender may be paid by the issuance of common shares of the Borrower to the Lender.
Such payment shall be made within 90 days following DEMAND by the Lender, but in no event later
than January 1, 2009. The value of each common share issued as payment under this Note shall be the
lesser of (i) $.03, and (ii) 75% of the twenty day volume weighted average trading price of the
common shares of the Borrower at such time. The Borrower shall not be required to issue fractional
common shares. The number of common shares shall be rounded up to the nearest whole number to
fully satisfy the payment amount.
This Note is secured by one or more mortgages granted by the Borrower in favour of the Lender
over the lands and premises described in Schedule A.
This Note shall be governed by and interpreted and enforced in accordance with the laws of the
Province of Ontario and the federal laws of Canada applicable therein.
Notwithstanding Sections 4 and 15 of the Limitations Act, 2002, a claim may be brought on this
Note at any time within ten years from the date on which demand for payment of the principal amount
hereof is made in accordance with the provisions hereof.
IN WITNESS WHEREOF the Borrower has executed this Note.
AURORA METALS (BVI) LIMITED |
||||
By: | (signed) “X. Xxxxxxx Xxxxxxxxxx” | |||
Authorized Signing Officer | ||||
ADVANCES AND REPAYMENT OF PRINCIPAL
Unpaid | ||||||||||||||||||
Amount of | Principal | Principal | Notation | |||||||||||||||
Date | Advance | Prepaid | Balance | Made By |
SCHEDULE
A
LANDS AND PREMISES
BASAL ZONE LEASE AGREEMENT PROPERTIES
SCHEDULE 1 BASAL ZONE AGREEMENT PATENTED LODE AND PLACER CLAIMS IN STILLWATER COUNTY MONTANA Mineral Claim Name Status BLM Montana Mineral Claim # 1 Nio Placer Patented East Stillwater River MSN 10783 2 Chrome Patented East Stillwater River MSN 10781 3 Lookover Patented East Stillwater River MSN 107B1 4 Xxxxxxx Patented East Stillwater River MSN 10781 5 Gabbro Patented East Stillwater River MSN 107B1 6 Pada #1 Patented East Stillwater River MSN 10782 7 Pada #2 Patented East Stillwater River MSN 1D782 8 Big Ben Patented East Stillwater River MSN 107B2 9 Lucky T Patented East Stillwater River MSN 10782 10 L.T.X. Patented East Stillwater River MSN 10782 11 H.E.D. Patented East Stillwater River MSN 10782 12 Copper Patented East Stillwater River MSN 10782 13 Gold Tip Patented East Stillwater River MSN 10782 14 Beauty Patented East Stillwater River MSN 10782 15 Patent Patented East Stillwater River MSN 10782 16 Opal Patented East Stillwater River MSN 10782 17 Xxxx Patented East Stillwater River MSN 10782 1B Mountain View Patented West Stillwater River MSN B3A 19 Rough Rock Patented West Stillwater River MSN 63B 20 Redbird Patented West Stillwater River MSN 63C 21 Big Thing Patented West Stillwater River MSN B3D 22 Stillwater Patented West Stillwater River MSN B3E 23 Summit Patented West Stillwater River MSN 68A 24 25 New Wabeliski Patented West Stillwater River MSN 68B Brooklyn Patented West Stillwater River MSN B9A 26 Avalanche Patented West Stillwater River MSN 69B 27 Cataract Patented West Stillwater River MSN 69C 28 Perseverance Patented West Stillwater River MSN 70A 29 Emerald Patented West Stillwater River MSN 70B 30 Blue Xxx Patented West Stillwater River MSN 70C 31 Copper Bottom Patented West Stillwater River MSN 70D 32 Ridge Patented West Stillwater River MSN 70E 33 Rough Rock No. 2 Patented West Stillwater River MSN 72A 34 Something Patented West Stillwater River MSN 72B |
SCHEDULE 2 BASAL ZONE AGREEMENT UNPATENTED LODE AND PLACER CLAIMS IN STILLWATER COUNTY MONTANA Mineral Claim Name Status BLM Montana Mineral Claim # 1 Giant Unpatented West Stillwater River MMC 363B2 2. Red Bird #2 Unpatented West Stillwater River MMC 36396 3 Smelter Unpatented West Stillwater River MMC 36401 4 Xxxxxx Unpatented West Stillwater River MMC 36407 5 Gap Unpatented West Stillwater River MMC 36410 6 Xxxx Unpatented West Stillwater River MMC 36412 7 Westlake . Unpatented West Stillwater River MMC 36431 8 Snookie Placer (2) Unpatented West Stillwater River MMC 36402 g Basin Placer Unpatented East Stillwater River MMC 36777 (1) Stillwater Mining Company leases "that part (of the Snookie Placer) in conflict With the unpatented lode claims Xxxxxxx Numbers 1 & 2, Blitz Numbers. 3, 4, 7, 8, 11, 12, 15, and 16." (2) SMC is also paying BLM fees on this claim SCHEDULE 3 BASAL ZONE AGREEMENT LODE AND PLACER CLAIMS SITUATED IN SWEET GRASS COUNTY MONTANA Mineral Claim Name Status BLM Montana Mineral Claim # 1 RAM 1 Unpatented Crescent Creek MMC 128417 2 RAM 2 Unpatented Crescent Creek MMC 128418 3 RAM 4 Unpatented Crescent Creek MMC 128420 4 RAM 5 Unpatented Crescent Creek MMC 12B421 5 RAM 7 Unpatented Crescent Creek MMC 128423 6 RAM 8 Unpatented Crescent Creek MMC 128424 7 RAM 11 Unpatented Crescent Creek MMC 128427 B RAM 12 Unpatented Crescent Creek MMC 128428 9 RAM 14 Unpatented Crescent Creek MMC 128430 10 RAM 15 Unpatented Crescent Creek MMC 128431 11 RAM 17 Unpatented Crescent Creek MMC 12B433 12 RAM 18 Unpatented Crescent Creek MMC 128434 13 RAM 19 Unpatented Crescent Creek MMC 128435 14 RAM 20 Unpatented Crescent Creek MMC 128436 15 RAM 24 Unpatented Crescent Creek MMC 128440 16 RAM 44 Unpatented Crescent Creek MMC 134180 17 RAM 45 | Unpatented Crescent Creek MMC 134181 |
MOUNTAIN VIEW LEASE AGREEMENT PROPERTIES
SCHEDULE 1 MOUNTAIN VIEW LEASE AGREEMENT PATENTED LODE AND PLACER CLAIMS IN STILLWATER COUNTY MONTANA Mineral Claim Name Status BLM Montana Mineral Claim # 1 Bald Eagle Patented East Stillwater River MSN 69D 4 SCHEDULE 2 MOUNTAIN VIEW LEASE AGREEMENT LODE AND PLACER CLAIMS FOR WHICH PATENT HAS BEEN APPLIED FOR IN STILLWATER COUNTY, MONTANA Mineral Claim Name Status BLM Montana Mineral Claim # 1 XXX 19 Patent Applied For Mountain View MMC 10209 2 XXX 20 Patent Applied For Mountain View MMC 10210 3 XXX 21 Patent Applied For Mountain View MMC 10211 4 SUSU 25 Patent Applied For Mountain View MMC 53589 5 SUSU 28 Patent Applied For Mountain View MMC 53592 6 SUSU 29 Patent Applied For Mountain View MMC 53593 7 Xxxxx 1 Lode Patent Applied For Mountain View MMC 186404 8 Xxxxx 2 Lode. Patent Applied For Mountain View MMC 186405 9 Xxxxx 3 Lode Patent Applied For Mountain View MMC 186406 10 Xxxxx 4 Lode Patent Applied For Mountain View MMC 186407 11 Xxxxx 5 Lode Patent Applied For Mountain View MMC 186408 12 Xxxxx 6 Lode Patent Applied For Mountain View MMC 186409 13 Xxxxx 7 Lode Patent Applied For Mountain View MMC 186410 14 Xxxxx 8 Lode Patent Applied For Mountain View MMC 186411 15 Xxxxx 9 Lode Patent Applied For Mountain View MMC 186412 16 Xxxxx 10 Lode Patent Applied For Mountain View MMC 186413 17 Xxxxx 11 Lode Patent Applied For Mountain View MMC 186414 18 Xxxxx 12 Lode Patent Applied For Mountain View MMC 186415 10 Xxxxx 13 Lode Patent Applied For Mountain View MMC 186416 20 Xxxxx 14 Lode Patent Applied For Mountain View MMC 186417 21 Lake Placer Patent Applied For Mountain View MMC 189232 |
SCHEDULE 3 MOUNTAIN VIEW LEASE AGREEMENT UNPATENTED LODE AND PLACER CLAIMS IN STILLWATER COUNTY, MONTANA Mineral Claim Name Status BUV) Montana Mineral Claim # 1 XXX 1 Unpatented West Stillwater River MMC 10191 2 XXX 2 Unpatented West Stillwater River MMC 10192 3 XXX 3 Unpatented West Stillwater River MMC 10193 4 XXX 13 Unpatented West Stillwater River MMC 10203 5 XXX 14 Unpatented West Stillwater River MMC 10204 6 XXX 15 Unpatented West Stillwater River MMC 10205 7 XXX 16 Unpatented West Stillwater River MMC 10206 B XXX 17 Unpatented West Stillwater River MMC 10207 9 XXX 18 Unpatented West Stillwater River MMC 10208 10 XXX 25 Unpatented West Stillwater River MMC 10212 11 Xxx 133 Unpatented West Stillwater River MSN 17302 00 Xxxxxx Xxxxxx Unpatented West Stillwater River MMC 35156 13 Duke Placer Unpatented West Stillwater River 5/8th Interest. No buildings MMC 35157 14 XXX #1 Unpatented West Stillwater River MMC 35958 15 XXX #2 Unpatented West Stillwater River MMC 35959 16 XXX 3 fr. Unpatented West Stillwater River MMC 35960 17 XXX 4 Unpatented West Stillwater River MMC 35961 1B XXX 4A Unpatented West Stillwater River MMC 35962 19 XXX 5 Unpatented West Stillwater River MMC 35963 2D XXX 5A Unpatented West Stillwater River MMC 35964 21 XXX 6 Unpatented West Stillwater River MMC 35965 22 XXX 6A Unpatented West Stillwater River MMC 35966 23 XXX 7 Unpatented West Stillwater River MMC 35967 24 XXX 8 Unpatented West Stillwater River MMC 35968 25 XXX 9 Unpatented West Stillwater River MMC 35969 26 XXX 10 Unpatented West Stillwater River MMC 35970 27 XXX 28 Unpatented West Stillwater River MMC 35988 28 XXX 29 Unpatented West Stillwater River MMC 35989 29 XXX 30 Unpatented West Stillwater River MMC 35990 30 XXX 44 Unpatented West Stillwater River MMC 36004 31 GAY 1 Unpatented West Stillwater River MMC 36281 32 GAY 2 Unpatented West Stillwater River MMC 36282 33 GAY 6 Unpatented West Stillwater River MMC 36286 34 GAY 7 Unpatented West Stillwater River MMC 36287 35 GAY 11 Unpatented West Stillwater River MMC 36291 36 GAY 12 Unpatented West Stillwater River I WMC 36292 37 GAY 15 Unpatented West Stillwater River I MMC 36295 38 SAY 16 I Unpatented West Stillwater River f MMC 36296 |
SCHEDULE 3 MOUNTAIN VIEW LEASE AGREEMENT (continued) UNPATENTED LODE AND PLACER CLAIMS IN STILLWATER COUNTY, MONTANA Mineral Claim Name Status BLM Montana Mineral Claim # 39 Mountain View Chrome Co. Unpatented West Stillwater River MMC 36376 00 Xxx Xxxxxx Unpatented West Stillwater River MMC 36379 41 No. 5 Tunnel & Tunnel Site Unpatented West Stillwater River MMC 36380 42 MALO Unpatented West Stillwater River MMC 363B4 43 Red Bird No. 3 Unpatented West Stillwater River MMC 36396 44 XXXX X. Unpatented West Stillwater River MMC 36408 45 Xxxx J Unpatented West Stillwater River MMC 36413 46 Verdi Placer Unpatented West Stillwater River MMC 36430 47 SUSU 22 Unpatented West Stillwater River MMC 535B6 48 SUSU 23 Unpatented West Stillwater River MMC 535B7 49 SUSU 24 Unpatented West Stillwater River MMC 5358B 50 SUSU 26 Unpatented West Stillwater River MMC 53590 51 SUSU 27 Unpatented West Stillwater River MMC 53591 52 XXX fr. Unpatented West Stillwater River MMC 78928 53 GAY fr. Unpatented West Stillwater River MMC 78929 54 NEW 13 Unpatented West Stillwater River MMC 84655 55 Red Bird #4 Unpatented West Stillwater River MMC 36397 56 Mill Site 69E Unpatented West Stillwater River MSN 156775 SCHEDULER: WATER RIGHTS STILLWATER RIVER VALLEY AREA, MOUNTAIN VIEW LEASE AGREEMENT STILLWATER COUNTY, MONTANA Lessors Water Right Number 43C-W-1B9530-OQ Source Mountain View Lake - SW 1/4 NE 3/4 Sec. 20, Twp. 5S, Rge. 15E M.P.M, Stillwater County, Montana Indicated Flow Rate: 1.34 CFS Indicated Volume 486.27 acre feet per year Purpose (Use): Industrial Lessors Water Right Number: 43C-W-189532-00 Source: Verdigris Creek - S 1/2 SW 1/4 NE 1/4 Sec. 20, Twp. 5S, Rge. 15E M.P.M, Stillwater County, Montana Indicated Flow Rate: 0.09 CFS Indicated Volume 49.79 acre feet per year Purpose (Use): Domestic (multiple) |
AURORA METALS USA, INC. UNPATENTED MINING CLAIMS
(Recently Located)
(Recently Located)
Mining Claim Names
|
BLM Numbers | |
AMM 1-79, RAM 25-28
|
MMC 219926 through MMC 220008 |
All other property in the State of Montana now or hereafter owned by Aurora Metals (BVI) Limited or
Aurora Metals USA, Inc.