FORM OF AGREEMENT
Exhibit 10.1 Agreement, dated June 28, 2012
FORM OF AGREEMENT
This Asset Funding/Operation Agreement (“Agreement”) is entered into this 28th day of June 2012 (“Effective Date”) by and among USCorp, a Nevada corporation (“USCorp”), US Metals, a Nevada corporation (“USMetals”), Arizona Gold Corp, a British Columbia corporation (“AGC”), Arizona Gold Founders, LLC, a California limited liability company (“AGF”), Xxxxxxx and Xxxxxx XxXxxxx Hay (collectively “Hay”), Kaswit, Inc., a California corporation (“Kaswit”) and AGC Corp., an Arizona corporation (“AGCAZ”). USCorp, USMetals, AGC, AGF, AGCAZ, Hay, Kaswit may hereinafter be referred to individually as “Party” and collectively as “Parties”.
W I T N E S S E T H
WHEREAS, USMetals is a wholly owned subsidiary of USCorp, and USCorp is a publicly traded corporation.
WHEREAS, AGCAZ is wholly owned subsidiary of AGC. AGC is a non-public British Columbia corporation with One Hundred Sixty Seven Million (167,000,000) of authorized common shares. AGF is a corporation owned or controlled by Hay and his family.
WHEREAS, AGCAZ owns approximately one hundred seventy two (172) mining claims, commonly known as the Twin Peaks Claims, and 104 mining claims known as the Serendipity Claims, (the “Mining Claims”) a copy of which are attached hereto as Exhibit “A” and incorporated herein by this reference, on 5,500 acres more or less, and other tangible and intangible personal and intellectual property consisting of the “Twin Peaks Project” and the “Serendipity Claims” located in West-Central, Arizona (collectively the “Twin Peaks Project”).
WHEREAS, AGC and/or AGCAZ own certain assets that are applicable to the Twin Peaks Project. Concurrent with the transfer of the Twin Peaks Project assets to USMetals, by transfer of all of the stock of AGCAZ, in accordance with this Agreement, AGC will also transfer all assets that are applicable to the Twin Peaks Project, including cash in the approximate sum of $200,000.00, to USMetals, and USMetals will concurrently transfer the USCorp Stock to AGC in accordance with the provisions of this Agreement.
WHEREAS, AGC desires to transfer the Twin Peaks Project to USMetals by, among the other provisions contained herein, the transfer of 100% of the stock of AGCAZ to USMetals.
WHEREAS, Kaswit has entered into a Consulting Agreement with USCorp dated January 14, 2011 (the “Consulting Agreement”). Pursuant to such Consulting Agreement, Kaswit has obtained and has exercised warrants (“Warrants”) from USCorp in the amount of Seven Million (7,000,000) common shares. Kaswit has exchanged those USCorp shares with USMetals for 7,000,000 shares of AGC. Kaswit and Hay are also parties to a Non-Dilution Agreement with USCorp.
-1-
WHEREAS, both Hay, individually, and Kaswit have exchanged all of their stock in USCorp totaling 14,000,000, including the above 7,000,000 shares in exchange for an equal amount of AGC stock that is held by USMetals.
WHEREAS, Hay and/or other investors in AGC have purchased Fourteen Million (14,000,000) shares of AGC treasury stock for a price of 10 cents U.S. per share.
WHEREAS, AGF has acquired Twenty Eight Million Eight Hundred Thousand (28,800,000) shares of AGC stock,
WHEREAS, AGC desires to transfer the stock of AGCAZ to USMetals in exchange for all of the stock of AGC held by USMetals, and 42,800,000 additional shares of USCorp stock as set forth hereinafter. AGC shall thereupon exchange the USCorp stock with all of the shareholders of AGC for their AGC stock according to Exhibit “B”. AGC shall thereupon be dissolved.
WHEREAS, Kaswit and Hay shall exchange their 14,000,000 shares of AGC stock to USMetals in exchange for the 14,000,000 shares of USCorp stock previously transferred by them to USMetals. USMetals shall transfer those shares of AGC to AGC to be cancelled and retired.
NOW, THEREFORE, in consideration of the terms and conditions herein contained, the Parties, intending to be legally bound hereby, agree as follows:
1. INCORPORATION OF RECITALS AND DELIVERY OF STOCK
The foregoing recitals are hereby incorporated by reference as if fully set forth herein.
USCorp agrees to deliver or cause to be delivered the USCorp stock to be delivered to AGC at or shortly after the Closing. The stock shall be ordered from the transfer agent as soon as this Agreement has been signed by all parties and AGC acknowledges that it is possession of all of the outstanding shares of AGC, except that held by USMetals.
2. CLOSING DATE
The transfer of all of the stock of ACGAZ by AGC to USMetals, and the transfer of any and all other Twin Peaks Project assets (the Transferred Assets as defined below) by AGC to USMetals in exchange for all of USMetals’ AGC stock together with the USCorp stock set forth above shall be completed on a date that is mutually agreed upon by the Parties, but in no event shall the closing (the “Closing”) of such transfer take place later than June 30, 2012 (such closing date shall hereinafter be referred to as the “Closing Date”).
-2-
3. transfer OF twin peaks project ASSETS AND OPERATION OF AGC POST CLOSING
3.1 Transferred Assets. On the Closing Date, AGC shall sell, convey, transfer, assign and deliver to USMetals, and USMetals shall acquire from AGC free and clear of all liens and encumbrances, all right, title and interest of AGC in and to the tangible and intangible assets utilized by AGC in the Twin Peaks Project, including but not limited to all of the issued and outstanding shares of AGCAZ (collectively, the “Transferred Assets”). Such Transferred Assets shall include the assets listed on the Schedule of Transferred Assets attached to this Agreement as Exhibit “C”. The Transferred Assets shall include all of the Twin Peaks Project tangible and intangible assets including, without limitation, the Mining Claims, maps, deposits, bonds, assays, all reports and studies, including without limitation drilling reports, environmental reports, biological reports, cultural reports and studies, feasibility studies, samples, drilling cores, permits, drilling permits, art work, websites, domain names, trademarks, copyrights and all copyrighted material for “Twin Peaks” that are applicable to the Twin Peaks Project. .
3.2 General Assignment and Assumption and Xxxx of Sale. AGC will sign a General Assignment and Assumption and Xxxx of Sale transferring the Transferred Assets to USMetals in the form attached to this Agreement as Exhibit “D”.
3.3 Post Closing Operations of AGC.
3.4.1 Immediately following the Closing and transfer of assets by AGC to USMetals and, if necessary, USCorp, a meeting of the Shareholders and Directors will be held telephonically, as permitted under Canadian law. USMetals and AGF (if necessary) shall cast their votes in favor of the dissolution of AGC immediately following the Closing and transfer of the assets set forth herein.
4. No ASSUMPTION OF LIABILITIES
4.1 No Assumption of Liability. USMetals is not assuming any liabilities of AGC, and it is expressly understood and agreed that USMetals shall not be liable for any obligations or liabilities of AGC of any kind or nature, except for liabilities incurred from and after the Closing Date.
4.2 Costs and Expenses. The parties hereto shall pay their own costs relating to this transaction, including, but not limited to, their respective attorneys’ and accountants’ fees.
4.3 No Prorations. The obligations for property taxes and Mining Claims payments shall not be prorated and USMetals shall assume those obligations at the Closing Date, provided that, they are paid current.
-3-
5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF USMetals, USCorp, AGF AND AGC
As of the Closing Date, USMetals, USCorp, AGF and AGC represent, warrant and covenant as follows:
5.1 Authority. Each party has full power and authority and all licenses, permits, and authorizations necessary to carry on the business in which they are engaged. Each party has the legal right, power, authority and approval required to enter into, execute and deliver this Agreement, and to fully perform their obligations under this Agreement . This Agreement, has been duly executed and delivered and are the valid and binding obligations of each party enforceable in accordance with its terms.
5.2 Governmental Consents. The entering into and consummation of the transactions contemplated by this Agreement, and the Consulting Agreement are not subject to the jurisdiction, approval or consent of any government or governmental, regulatory, or administrative agency.
5.3 Litigation and Claims. There are no claims, causes of action or legal proceedings, threatened or pending, or outstanding orders, judgments, injunctions, awards or decrees of any court, arbitrator, governmental or regulatory body against or involving any party hereto.
5.4 Accuracy of Schedules/No Undisclosed Liabilities. All of the schedules attached to this Agreement and USCorp’s 10K and 10Q filings with the Securities and Exchange Commission are true, complete and accurate to the best of USMetals’and USCorp’s knowledge and there are no undisclosed liabilities and no dispute or claim concerning any liability for federal or state taxes applicable to USMetals, USCorp.
5.5 Omitted.
5.6 No Violation of Law. The obligations and their performance by each of the parties under this Agreement, do and will not violate any applicable federal, state or local statutes, laws or regulations including without limitation, all applicable securities laws, rules and regulations. Furthermore, there is no violation of any applicable federal, state or local statutes, laws or regulations including without limitation, all applicable securities laws, rules and regulations affecting the Transferred Assets and the operations at the Twin Peaks Project. No event has occurred or circumstances exist that (with or without the passage of time or the giving of notice) may result in a violation of, conflict with or failure on the part of AGC, USMetals or USCorp to conduct the mining operations in material compliance with any applicable law. USMetals, USCorp and AGC, have not received notice (whether oral or written) regarding any actual, alleged, possible, or potential violation of, conflict with, or failure to conduct the mining operations in compliance with any applicable law or any potential obligation on the part of USMetals, USCorp or AGC to undertake, or to bear all or any portion of the cost of any remedial action of any nature.
-4-
5.7 Bankruptcy; Insolvency. None of the following has occurred as of the Closing Date:
(i) A general assignment by any party hereto for the benefit of creditors;
(ii) The filing of a voluntary petition in bankruptcy, insolvency, reorganization, or liquidation, or any other petition by any party hereto under any section or chapter of the Bankruptcy Code or any similar law, whether state, federal, or otherwise relating to insolvency, reorganization, or liquidation, or for the relief of debtors;
(iii) The filing of any involuntary petition or other petition against any party hereto under any section or chapter of the Bankruptcy Code, or any similar law, whether state, federal, or otherwise relating to insolvency, reorganization, or liquidation, or for the relief of debtors;
(iv) The appointment by any court of a receiver or similar official to take possession of any party’s assets, or any part thereof;
(v) The application by any party hereto or the consent or acquiescence by any party hereto to an application for the appointment of a custodian, receiver, conservator, trustee, or similar officer for any party hereto or the Transferred Assets, or any part thereof; or
(vi) The attachment, execution, or judicial seizure (whether by enforcement of money judgment, by writ or warrant of attachment, or by any other process) of the Transferred Assets or any part thereof.
5.8 Environmental. During the time USMetals, USCorp, AGC and AGCAZ have owned the Transferred Assets, there has been no litigation brought or, to USMetals’ or USCorp’s actual knowledge, threatened against USMetals, USCorp, AGC or AGCAZ by, or any settlement reached by USMetals or USCorp with, any party or parties alleging the presence, disposal, release or threatened release of any hazardous materials on, from or under any of USMetals’, USCorp’s, AGC’s and AGCAZ’properties or facilities.
5.9 Good Standing. USMetals, USCorp, AGC, AGF and AGCAZ are or will be at the Closing in good standing with the States of Arizona and Nevada, British Columbia or California as the case may be.
6. REPRESENTATIONS, WARRANTIES AND COVENANTS OF AGC, AGF AND KASWIT
AGC, AGF and Kaswit represent, warrant and covenant that as of the Closing Date:
6.1 Good Standing and Qualification. AGC is a British Columbia corporation duly organized, validly existing and in good standing under the laws of British Columbia, Canada.
-5-
6.2 Authority. AGC has full power to transfer the stock of AGCAZ and the Transferred Assets and to conduct AGC’s business. AGC, AGF and Kaswit have the legal right, power, authority and approval required to enter into, execute and deliver this Agreement and to fully their obligations. The Hay and Kaswit Non-Dilution Agreements and the Consulting Agreement have been or at the Closing will be cancelled, and the person executing this Agreement, and other documents ancillary to this Agreement is duly authorized to do so.
6.3 Legally Binding. AGC, AGF and Kaswit have the right, power and legal capacity and authority to enter into and perform their obligations under this Agreement. This Agreement and all schedules and exhibits attached to this Agreement constitute valid, legal and binding obligations of AGC, AGF and/or Kaswit in accordance with their terms.
6.4 Authorization. Execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate/company action and do not conflict with any provision of any agreement, instrument, judgment, order or law to which AGC, Kaswit or AGF is a party or to which AGC, AGC or Kaswit is subject or bound.
7. DELIVERIES on the CLOSING Date
On or before the Closing Date, or as soon thereafter as is practicable, AGC, AGF and Kaswit shall deliver or cause to be delivered to USMetals the following documents and instruments in exchange for delivery of the items specified:
(i) | an original, executed counterpart of the General Assignment and Assumption and Xxxx of Sale in the form of Exhibit “D” attached hereto; |
(ii) a duly executed and delivered original stock certificate for all of the issued and outstanding Stock of AGCAZ; and
8. USMETALS’ AND USCORP’s DELIVERIES on the CLOSING Date
On the Closing Date, USMetals and/or USCorp shall deliver or cause to be delivered to AGC the following documents and instruments in exchange for delivery of the items specified herein:
(i) | an original, executed counterpart of the General Assignment and Assumption and Xxxx of Sale in the form of Exhibit “D” attached hereto; |
(ii) | All of the Stock of AGC held by it for cancellation, duly endorsed in blank; |
(iii) | Fourteen Million shares of USCorp stock (7,000,000 each to Kaswit and Hay); |
(iv) | Forty Two Million Eight Hundred Thousand (42,800,000) shares of USCorp shares to AGC and thereafter to be endorsed and reissued by AGC to the investors set forth on Exhibit “B”. |
-6-
9. MISCELLANEOUS
9.1 Parties. Wherever the context of this Agreement appears to require it, the singular number shall include the plural and vice versa, and the masculine gender shall include the feminine and/or neuter gender, and vice versa.
9.2 Attorneys’ Fees. In the event of any controversy, claim or dispute between the parties hereto, arising out of or relating to this Agreement or the alleged breach thereof, each party shall bear its own legal costs and reasonable attorneys' fees, including experts, appeals and the cost of enforcing any judgment obtained in such action.
9.3 Severability. Each provision of this Agreement is independent, separate and divisible, and in the event any provision of this Agreement is found by the final order of an arbitrator or a court of competent jurisdiction to be invalid, unenforceable or in contravention of any applicable federal or state law or regulation, such provision shall be deemed not to be a part of this Agreement and shall not affect the validity or enforceability of the remaining provisions. Nothing contained in this Agreement shall be construed so as to require the commission of any acts contrary to law, and wherever there is a conflict between any provision of this Agreement and any present or future law or regulation, such provision shall be limited to the extent necessary to make it comply with such law or regulation.
9.4 Time of Essence. In all provisions of this Agreement, time is expressly declared to be of the essence.
9.5 Effect of Headings, Schedules and Exhibits. Section headings are included for purposes of convenience only and shall be given no meaning in the interpretation or construction of this Agreement. All schedules and exhibits to this Agreement are incorporated into and made part of this Agreement as if set forth in their entirety in this Agreement.
9.6 Applicable Law. This Agreement shall be governed by and construed under the laws of the State of California. The State Court of California nearest to Palm Springs, California or the Federal District Court closet to Palm Springs, California shall be the venue for any such action.
9.7 Further Cooperation. The parties hereto agree to execute, deliver and file such other and further documents, instruments and agreements and shall take or cause to be taken all action, and to do or cause to be done all things, necessary, proper or advisable under applicable laws and regulations to consummate this Agreement and carry out the purposes of this Agreement.
9.8 Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Execution and delivery of this Agreement by delivery of a facsimile or electronically recorded copy (including a .pdf file) bearing a copy of the signature of a party shall constitute a valid and binding execution and delivery of this Agreement by such party. Such copies shall constitute enforceable original documents.
-7-
9.9 Amendment and Waiver. No provision of this Agreement may be altered, amended or repealed in whole or in part other than by the written consent of all the parties to this Agreement. No waiver shall be binding unless executed in writing by the party granting the waiver. Neither the failure nor delay on the part of any party to exercise any right, remedy, power, privilege or provision under this Agreement shall operate as a waiver of such right, remedy, power, privilege or provision. Waiver of any right, remedy, power, privilege or provision under this Agreement shall not be deemed or constitute a waiver of any other right, remedy, power, privilege or provision under this Agreement, whether or not similar, nor shall such waiver constitute a continuing waiver.
9.10 Notices. All notices, consents, waivers, and other communications required or permitted under this Agreement shall be in writing and shall be deemed given to a Party: (a) when delivered to the address designated for such Party below by hand; (b) upon confirmed delivery after being sent by a nationally recognized overnight courier service (costs prepaid); in each case to the addresses and facsimile numbers designated below. Any Party may change such Party’s address for purposes of this Agreement by notice given in accordance with this paragraph. Any notice sent by a Party’s legal counsel shall constitute notice from that Party.
To: AGC, AGF, and Kaswit:
c/o Xxxxxxx Xxx
____________
____________-3462
To: USMetals and USCorp:
USCorp
c/o Xxxxxx Xxxxx
____________
____________
ATTN: Xxxxxx Xxxxx
Copy to: Xxxxxxx X. Proper, Esq.
____________
____________
____________
9.11 Survival of Representations. All covenants, agreements, indemnifications, representations and warranties made in this Agreement, and in any documents, certificates, and instruments delivered at the Closing Date pursuant to this Agreement, shall be deemed to be material, and to have been relied upon by each Party as the case may be, and shall survive the Closing Date.
-8-
9.12 Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto, and their respective personal representatives, shareholders, officers, directors, heirs, devisees, legatees, successors, transferees, and assigns.
9.13 Nonassignability. This Agreement shall not be assignable by either party except with the written consent of the other which may be withheld in such party’s discretion. Nothing in this Agreement, express or implied, is intended to confer upon any person other than the parties hereto and their respective heirs, personal representatives, successors and permitted assigns, any rights or remedies by or under or by reason of this Agreement.
9.14 Entire Agreement. All prior negotiations and agreements between the parties hereto relating to the subject matter hereof, are superseded by this Agreement, and there are no representations, warranties, understandings, or agreements other than those expressly set forth herein.
9.15 Construction. This Agreement has been negotiated at arms length and each party has been given the opportunity to be represented by legal counsel and to the extent each party has deemed necessary, each party has consulted with independent legal counsel with respect to such party's rights and obligations under this Agreement. Accordingly, any rule of law (including without limitation California Civil Code Section 1654) or legal decision that would require interpretation of any ambiguities in this Agreement against the party drafting it is not applicable and is waived. The provisions of this Agreement shall be interpreted in a reasonable manner to effect the intent of the parties and the purpose of this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
USCorp, a Nevada corporation
By: /s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx, President
US Metals, Inc., a Nevada corporation
By: /s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx, President
-9-
AGC:
Arizona Gold Corp, a British Columbia corporation
By: /s/ Xxxxxxx Xxx
Xxxxxxx Xxx, President
AGF:
Arizona Gold Founders, LLC, a California limited liability company
By: /s/ Xxxxxxx Xxx
Xxxxxxx Xxx, its Manager
Kaswit:
Kaswit, Inc., a California corporation
By:/s/ Xxxxxx XxXxxxx Hay
Xxxxxx XxXxxxx Hay, President
By: /s/ Xxxxxxx Xxx
Xxxxxxx Xxx
By: /s/ Xxxxxx XxXxxxx Hay
Xxxxxx XxXxxxx Hay
AGC Corp., an Arizona corporation
By: /s/ Xxxxxxx Xxx
Xxxxxxx Xxx
-10-
EXHIBIT A
See attached list of Claims
# | Claim Name/Number |
1 | WG 1 |
2 | WG 6 |
3 | WG 13 |
4 | XXXX |
5 | XXXX 1 |
6 | XXXX I |
" | XXXX I |
7 | XXXX 2 |
" | XXXX 2 |
8 | XXXX 3 |
" | XXXX 3 |
9 | XXXX 4 |
10 | XXXX 5 |
11 | XXXX 6 |
" | XXXX 6 |
12 | XXXX 7 |
" | XXXX 7 |
13 | XXXXXX 1 |
" | XXXXXX 1 |
14 | XXXXXX 2 |
15 | XXXXXX 4 |
16 | XXXXXX 5 |
17 | XXXXXX 6 |
18 | XXXXXX 7 |
19 | XXXXXX 10 |
" | XXXXXX 10 |
20 | XXXXXX 11 |
21 | XXXXXX 12 |
22 | XXXXXX 13 |
" | XXXXXX 13 |
23 | XXXXXX 14 |
" | XXXXXX 14 |
" | XXXXXX 14 |
" | XXXXXX 14 |
24 | XXXXXX 15 |
" | XXXXXX 15 |
25 | XXXXXX 16 |
26 | XXXXXX 17 |
27 | XXXXXX 18 |
28 | XXXXXX 19 |
29 | XXXXXX 20 |
30 | XXXXXX 21 |
31 | ALCAN 1 |
" | ALCAN 1 |
32 | ALCAN 2 |
33 | ALCAN 3 |
34 | ALCAN 4 |
35 | ALCAN 5 |
36 | ALCAN 6 |
37 | ALCAN 7 |
38 | ALCAN 8 |
" | ALCAN 8 |
39 | ALCAN 9 |
" | ALCAN 9 |
40 | ALCAN 10 |
41 | ALCAN 11 |
" | ALCAN 11 |
42 | ALCAN 12 |
" | ALCAN 12 |
43 | ALCAN 13 |
44 | ALCAN 27 |
" | ALCAN 27 |
45 | ALCAN 52 |
46 | ALCAN 53 |
47 | ALCAN 54 |
" | ALCAN 54 |
48 | ALCAN 55 |
" | ALCAN 55 |
" | ALCAN 55 |
49 | ALCAN 56 |
50 | ALCAN 57 |
51 | ALCAN 58 |
52 | ALCAN 59 |
53 | ALCAN 60 |
54 | ALCAN 61 |
55 | ALCAN 83 |
56 | ALCAN 84 |
" | ALCAN 84 |
57 | ALCAN 85 |
58 | ALCAN 94 |
59 | ALCAN 95 |
" | ALCAN 95 |
60 | ALCAN 104 |
" | ALCAN 104 |
61 | ALCAN 105 |
" | ALCAN 105 |
62 | ALCAN 106 |
63 | ALCAN 113 |
64 | ALCAN 114 |
" | ALCAN 114 |
65 | ALCAN 115 |
" | ALCAN 115 |
66 | ALCAN 117 |
67 | ALCAN 118 |
" | ALCAN 118 |
68 | XXXXXX |
69 | SATURN |
" | SATURN |
70 | URANUS |
71 | JANUS |
72 | PLUTON |
" | PLUTON |
73 | ZUES |
74 | XXXXXXX |
00 | XXXXX |
00 | VULCAN |
77 | MERCURY |
78 | JUPITER |
79 | NEPTUNE |
80 | VENUS |
81 | FIVE HOLE |
82 | ROSE |
83 | SAME |
84 | BONANZA |
" | BONANZA |
85 | X X XXXXXX |
86 | XXXXX |
" | XXXXX |
87 | XXXXX |
88 | TEDDY |
89 | ORGA |
90 | JOVE |
91 | DAUGHTER |
" | DAUGHTER |
92 | MOON CHILD |
" | MOON CHILD |
93 | XXXX |
94 | CASH |
" | CASH |
95 | XXXXX |
" | XXXXX |
96 | XXXXXXXX |
97 | XXXXX |
98 | SANTA XXXXX ONE |
99 | SANTA XXXXX TWO |
100 | SANTA XXXXX THREE |
101 | SANTA XXXXX FOUR |
102 | SANTA XXXXX FIVE |
103 | SANTA XXXXX SIX |
104 | SANTA XXXXX SEVEN |
105 | SANTA XXXXX EIGHT |
106 | SANTA XXXXX NINE |
107 | SANTA XXXXX TEN |
108 | SANTA XXXXX ELEVEN |
" | SANTA XXXXX XXXXXX |
000 | XXXXX XXXXX 00 |
" | SANTA XXXXX 12 |
110 | SANTA XXXXX 13 |
" | SANTA XXXXX 13 |
111 | SANTA XXXXX 14 |
112 | SANTA XXXXX 15 |
113 | SANTA XXXXX 16 |
" | SANTA XXXXX 16 |
114 | SANTA XXXXX 17 |
" | SANTA XXXXX 17 |
115 | SANTA XXXXX 18 |
116 | SANTA XXXXX 19 |
117 | SANTA XXXXX 20 |
" | SANTA XXXXX 20 |
" | SANTA XXXXX 20 |
" | SANTA XXXXX 20 |
118 | SANTA XXXXX 21 |
119 | SANTA XXXXX 22 |
120 | SANTA XXXXX 23 |
121 | SANTA XXXXX 24 |
" | SANTA XXXXX 24 |
122 | SANTA XXXXX 25 |
123 | SANTA XXXXX 26 |
124 | SANTA XXXXX 27 |
125 | SANTA XXXXX 28 |
" | SANTA XXXXX 28 |
126 | SANTA XXXXX 29 |
" | SANTA XXXXX 29 |
127 | SANTA XXXXX 30 |
128 | SANTA XXXXX 31 |
129 | SANTA XXXXX 32 |
" | SANTA XXXXX 32 |
130 | SANTA XXXXX 33 |
131 | SANTA XXXXX 34 |
132 | SANTA XXXXX 35 |
133 | SANTA XXXXX 36 |
134 | SANTA XXXXX 37 |
135 | SANTA XXXXX 38 |
" | SANTA XXXXX 38 |
136 | SANTA XXXXX 39 |
" | SANTA XXXXX 39 |
137 | SANTA XXXXX 40 |
" | XXXXX XXXXX 00 |
000 | XXXXX XXXXX 00 |
" | SANTA XXXXX 41 |
" | SANTA XXXXX 41 |
139 | SANTA XXXXX 42 |
" | SANTA XXXXX 42 |
" | SANTA XXXXX 42 |
" | SANTA XXXXX 42 |
140 | SANTA XXXXX 43 |
" | SANTA XXXXX 43 |
141 | SANTA XXXXX 44 |
142 | XXXXXX EXTENSION #1 |
000 | XXXXXX XXXXXXXXX #0 |
000 | XXXXXX XXXXXXXXX #0 |
" | XXXXXX EXTENSION #3 |
000 | XXXXXX XXXXXXXXX #0 |
" | XXXXXX EXTENSION #4 |
146 | XXXXXX EXTENSION #5 |
147 | XXXXXX EXTENSION #6 |
148 | XXXXXX EXTENSION #7 |
149 | XXXXXX EXTENSION #8 |
150 | XXXXX EXTENSION #1 |
000 | XXXXX XXXXXXXXX #0 |
000 | XXXX#0 |
153 | USMP#2 |
154 | USMP#3 |
155 | USMP#4 |
156 | USMP#5 |
157 | USMP#6 |
158 | USMP#7 |
159 | USMP#8 |
160 | USML 1 |
161 | USML 2 |
162 | USML 3 |
163 | USML 4 |
164 | USML 5 |
165 | USML 6 |
166 | USML 7 |
167 | USML 8 |
168 | USML 9 |
169 | USML 10 |
170 | USML 11 |
171 | USML 12 |
172 | USML 13 |
173 | SERENDIPITY 1 |
174 | SERENDIPITY 2 |
175 | SERENDIPITY #3 |
176 | SERENDIPITY #4 |
" | SERENDIPITY #4 |
177 | SERENDIPITY 5 |
178 | SERENDIPITY #6 |
" | SERENDIPITY #6 |
179 | SERENDIPITY #7 |
180 | SERENDIPITY #8 |
181 | SERENDIPITY #9 |
182 | SERENDIPITY 10 |
183 | SERENDIPITY 11 |
" | SERENDIPITY 11 |
184 | SERENDIPITY 12 |
185 | SERENDIPITY 13 |
" | SERENDIPITY 13 |
186 | SERENDIPITY 14 |
187 | SERENDIPITY #15 |
" | SERENDIPITY #15 |
188 | SERENDIPITY #16 |
189 | SERENDIPITY #17 |
" | SERENDIPITY #17 |
190 | SERENDIPITY #18 |
191 | SERENDIPITY #19 |
192 | SERENDIPITY #20 |
193 | SERENDIPITY #21 |
194 | SERENDIPITY #22 |
195 | SERENDIPITY #23 |
196 | SERENDIPITY #24 |
197 | SERENDIPITY #25 |
198 | SERENDIPITY #26 |
199 | SERENDIPITY #27 |
200 | SERENDIPITY #28 |
201 | SERENDIPITY #29 |
202 | SERENDIPITY #30 |
203 | SERENDIPITY #31 |
204 | SERENDIPITY #32 |
205 | SERENDIPITY #33 |
206 | SERENDIPITY #34 |
207 | SERENDIPITY #35 |
208 | SERENDIPITY #36 |
209 | SERENDIPITY #37 |
210 | SERENDIPITY #38 |
211 | SERENDIPITY #39 |
212 | SERENDIPITY #40 |
213 | SERENDIPITY #41 |
214 | SERENDIPITY #42 |
" | SERENDIPITY #42 |
215 | SERENDIPITY #43 |
" | SERENDIPITY #43 |
216 | SERENDIPITY #44 |
217 | SERENDIPITY #45 |
" | SERENDIPITY #45 |
218 | SERENDIPITY #46 |
219 | SERENDIPITY #47 |
" | SERENDIPITY #47 |
220 | SERENDIPITY #48 |
221 | SERENDIPITY #49 |
" | SERENDIPITY #49 |
222 | SERENDIPITY #50 |
223 | SERENDIPITY #51 |
" | SERENDIPITY #51 |
224 | SERENDIPITY #52 |
225 | SERENDIPITY #53 |
" | SERENDIPITY #53 |
226 | SERENDIPITY #54 |
227 | SERENDIPITY #55 |
" | SERENDIPITY #55 |
228 | SERENDIPITY #56 |
229 | SERENDIPITY #57 |
" | SERENDIPITY #57 |
230 | SERENDIPITY #58 |
231 | SERENDIPITY #59 |
" | SERENDIPITY #59 |
232 | SERENDIPITY #60 |
" | SERENDIPITY #60 |
233 | SERENDIPITY #61 |
" | SERENDIPITY #61 |
" | SERENDIPITY #61 |
" | SERENDIPITY #61 |
234 | SERENDIPITY #62 |
235 | SERENDIPITY #63 |
236 | SERENDIPITY #64 |
237 | SERENDIPITY #65 |
238 | SERENDIPITY #66 |
239 | SERENDIPITY #67 |
240 | SERENDIPITY #68 |
241 | SERENDIPITY #69 |
242 | SERENDIPITY #70 |
243 | SERENDIPITY #71 |
244 | SERENDIPITY #72 |
245 | SERENDIPITY #73 |
246 | SERENDIPITY #74 |
247 | SERENDIPITY #75 |
248 | SERENDIPITY #76 |
249 | SERENDIPITY #77 |
250 | SERENDIPITY #78 |
" | SERENDIPITY #78 |
251 | SERENDIPITY #79 |
" | SERENDIPITY #79 |
252 | SERENDIPITY #80 |
" | SERENDIPITY #80 |
253 | SERENDIPITY #81 |
" | SERENDIPITY #81 |
254 | SERENDIPITY #82 |
" | SERENDIPITY #82 |
255 | SERENDIPITY #83 |
" | SERENDIPITY #83 |
256 | SERENDIPITY #84 |
" | SERENDIPITY #84 |
257 | SERENDIPITY #85 |
" | SERENDIPITY #85 |
258 | SERENDIPITY #86 |
" | SERENDIPITY #86 |
259 | SERENDIPITY #87 |
" | SERENDIPITY #87 |
" | SERENDIPITY #87 |
" | SERENDIPITY #87 |
260 | SERENDIPITY #88 |
261 | SERENDIPITY #89 |
262 | SERENDIPITY #90 |
263 | SERENDIPITY #91 |
264 | SERENDIPITY #92 |
265 | SERENDIPITY #93 |
266 | SERENDIPITY #94 |
267 | SERENDIPITY #95 |
268 | SERENDIPITY #96 |
" | SERENDIPITY #96 |
269 | SERENDIPITY #97 |
270 | SERENDIPITY #98 |
" | SERENDIPITY #98 |
271 | SERENDIPITY #99 |
272 | SERENDIPITY #100 |
" | SERENDIPITY #100 |
273 | SERENDIPITY #101 |
274 | SERENDIPITY #102 |
" | SERENDIPITY #102 |
275 | SERENDIPITY #103 |
276 | SERENDIPITY #104 |
EXHIBIT B
See attached Shareholder List
Name | Shares |
Arizona Gold Founders: | 12,000,000 |
Xxxxxxx X. Xxx: | 3,500,000 |
Xxxxxx XxXxxxx Hay: | 3,500,000 |
Kaswit, Inc. | 7,000,000 |
Xxxxxx Xxxxxxx (3108783 Canada Inc.): | 4,400,000 |
Belbas Investments: | 6,600,000 |
Xxxxxxxxx Family Limited Partnership: | 2,200,000 |
Remus Haste and Xxxx Xxxxx: | 1,000,000 |
Xxxxx X. Xxxx Trust: | 1,100,000 |
Xxxxx X. Xxxxxx: | 2,200,000 |
Xxxxxxx X. Xxxxxx: | 1,100,000 |
Danijele Todorovic: | 1,100,000 |
Amir Tuluij: | 2,200,000 |
Xxxxx X. Xxxxxxx: | 2,200,000 |
Xxxxxxx X. Xxxxxxx: | 700,000 |
Xxxxx Know: | 1,100,000 |
Xxxxx Xxxxxxx: | 1,430,000 |
Xxxxxx Xxxxxxx: | 2,200,000 |
Xxxxx Xxxxxx: | 1,100,000 |
-15-
EXHIBIT C
TRANSFERRED ASSETS
The Transferred Assets of AGC being transferred to USMetals under this Agreement include all tangible and intangible assets directly and indirectly related to the Twin Peaks Project including, without limitation:
a) The Twin Peaks Project claims by transfer of all the issued and outstanding stock of AGCAZ;
b) All maps;
c) All deposits and bonds;
d) All assays, all reports and studies, including without limitation drilling reports, environmental reports, biological reports, cultural reports and studies, feasibility studies;
e) All available samples and drilling cores;
f) All permits, including drilling permits;
g) All art work, websites and domain names; and
h) All trademarks, copyrights and all copyrighted material for “Twin Peaks”.
i) Cash in the Bank Accounts of AGC and AGCAZ
j) AGC website and domain name
k) ATV and Trailer
-16-
EXHIBIT D
GENERAL ASSIGNMENT AND ASSUMPTION AND XXXX OF SALE
For good and valuable consideration, receipt of which is hereby acknowledged, and in accordance with that certain Agreement (“Agreement”), among USCorp, a Nevada corporation (“USCorp”), USMetals, a Nevada corporation (“USMetals”) and Arizona Gold Corp, a British Columbia corporation (“AGC”), AGC hereby transfers, assigns and delivers to USMetals, and USMetals hereby accepts, all of AGC’ right, title and interest in and to the Transferred Assets, including without limitation those described in Exhibit “C” to the Agreement, in their AS-IS, WHERE-IS condition. USMetals hereby assumes all obligations in connection with the Transferred Assets, including Assets which are not capable of being transferred, but are part this Agreement, which are incurred from and after the Closing Date.
This instrument may be executed in two (2) or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Execution and delivery of this instrument by delivery of a facsimile or electronically recorded copy (including a .pdf file) bearing a copy of the signature of a party shall constitute a valid and binding execution and delivery of this instrument by such party. Such copies shall constitute enforceable original documents.
IN WITNESS WHEREOF, USMetals, USCorp. and AGC have executed this General Assignment and Assumption and Xxxx of Sale effective as of the Closing Date, as defined in the Agreement.
Dated: June 28, 2012
USMetals, a Nevada corporation
By: /s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx, President
Arizona Gold Corp, a British Columbia corporation
By:/s/ Xxxxxxx Xxx
Xxxxxxx Xxx, President
USCorp., a Nevada Corporation
By: /s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx, President
-17-