Exhibit 10.1
OPTION AGREEMENT
Between:
Xxxxxxx Resources Ltd., a corporation having an office at 000-000 0xx Xxx
XX X0X 0X0xx the City of Calgary, in the Province of Alberta (hereinafter
referred to as "Xxxxxxx")
OF THE FIRST PART
-and-
The Law Firm of Xxxxxx X. Xxxx a corporation (on behalf of Political Calls,
Inc.) having an office at 000 Xxxxx Xxxxxxx Xxxx., Xxxxx 000, 89107 in the
City of Las Vegas, in the State of Nevada (hereinafter referred to as "Xxxx")
OF THE SECOND PART
Whereas Xxxxxxx is desirous of granting an option to earn a 40% working
interest in the Turin Project, section 28, township 10, range 19 west of the
4th meridian is located in the Turin area of south-east Alberta.
Whereas Xxxx on behalf of Political Calls, Inc. is desirous of receiving an
option to earn a 40% working interest in the Turin Project.
Whereas this option agreement will allow Political Calls, Inc. to earn up to
40% non-operating working interest subject to a 31% G.O.R. (Gross Overriding
Royalty) by incurring expenditures of $2 million, 100% of the drilling and
completion costs in a five well drilling program. By drilling an initial well
on the Turin Project the Company can earn 25% of a shut-in gas well subject to
a 31% G.O.R. (Gross Overriding Royalty) by incurring 100% of completion and
tie in costs, located in the land of interest.
IN WITNESS WHEREOF the Parties hereto have this executed this Agreement as of
the 17th day of November 2008.
XXXXXXX RESOURCES CORP. LAW FIRM OF XXXXXX X XXXX
/s/ Xxx Xxxxxxx
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Mr. Xxx Xxxxxxx Xx. Xxxxxx X. Xxxx