EXHIBIT 10.2 Mineral Rights Sales Agreement
MINERAL RIGHTS SALES AGREEMENT
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This Mineral Rights Sales Agreement (the "Agreement") is effective October
1, 2002, and is by and between Xxxxxxx Xxxxx, and 635329 BC Ltd., a British
Columbia, Canada limited company.
R E C I T A L S:
WHEREAS, 635329 BC Ltd. is the owner of various mineral rights and desires
to engage the services of Xxxxxxx Xxxxx as a consultant to assist 635329 BC Ltd.
in the sale of the mineral rights.
WHEREAS, Xxxxxxx Xxxxx desires to assist 635329 BC Ltd. in the sale of the
mineral rights.
NOW, THEREFORE, in consideration of the premises and mutual covenants
and agreements set forth herein and in reliance upon the representations and
warranties contained herein, the parties hereto covenant and agree as follows:
1. Engagement. 635329 BC Ltd. hereby engages the services of Xxxxxxx
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Xxxxx as a consultant to assist 635329 BC Ltd. in the sale of the mineral rights
for a period of five years from the date hereon, in the disposition (such as by
sale) of up to 80% of the mineral rights in the properties set forth in exhibit
"I" attached hereto.
2. Compensation. 635329 BC Ltd. agrees to compensate Xxxxxxx Xxxxx by
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giving him 37,000 shares of Gold Pick Mines, Inc. for each 1% of the mineral
rights (up to 80% of the mineral rights) that 635329 BC Ltd. disposes of (on
terms acceptable to 635329 BC Ltd.) during the term of this agreement, or an
aggregate of 2,960,000 shares of Gold Pick Mines, Inc. if all 80% of the mineral
rights are disposed of during the term of this agreement.
3. Director and Officer. Xxxxxxx Xxxxx agrees to be the initial sole
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Director, President and Secretary of Gold Pick Mines, Inc. Xxxxxxx Xxxxx shall
use his best efforts to assist 635329 BC Ltd. is the disposition of the mineral
rights.
[Signatures Appear on the Next Page]
IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the
date first written above.
Xxxxxxx Xxxxx, Individually
/s/ Xxxxxxx Xxxxx
635329 BC LTD.
By:
/s/ Xxxx Xxxxxxx, President
