White Knight Resources Ltd. Vancouver, B.C. V6B 1L8
000 - 000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, X.X. X0X 0X0
May 6, 1997
White Knight Gold (U.S.) Inc. 312 - 0000 Xxxx Xxxx Xxxxxx Xxxxx, Xxxxx 00000
Dear Sirs:
Re:
The Indian Ranch Property
We provide this letter to confirm the terms and conditions upon which we will assign to you our interest in the Lease and the Claims. By signing this letter, you are confirming that we have entered into a binding agreement (the "Agreement") on the terms and conditions contained herein.
1.
For the purposes of this Agreement, the following terms shall be defined as follows:
(a)
"Claims" means the interest of White Knight Resources Ltd. ("WKR") in and to:
(i)
the unpatented lode mining claims (the "Original Claims") located in Eureka County, State of Nevada, more particularly described in Schedule A hereto; and
(ii)
the unpatented lode mining claims (the "Additional Claims") located in Eureka County, State of Nevada, more particularly described in Schedule B hereto and which are subject to the Lease, and which are registered in the name of CUN Minerals Inc. ("CUN"), a wholly-owned subsidiary of WKR;
(b)
"Lease" means the mineral lease agreement dated February 10, 1994, as amended from time to time pursuant to which Xxx X. and Xxxx X. Xxxxxx, Xxxxx X. and Xxxx X. Xxxxxxxxxx, Xxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxx X. and Xxxxxx X. Xxxxx, Xxxxxxxxx X. Xxxxxxxxxx, Xxxx X. Xxxxxxxxxx, and Xxxxxx X. Xxxxxx, (the "Owners") leased to WKR for a term of ten years their right, title and interest (subject to the limitations set forth in the Lease) in the Original Claims located in Eureka County, State of Nevada, such Original Claims being more particularly described in Schedule "A" hereto;
2.
We have entered into this Agreement based upon the representation and warranty made by you that you have good and sufficient right and authority to enter into this Agreement and to carry out your obligations hereunder.
3.
You have entered into this Agreement based upon the following representations and warranties made by WKR:
(a)
the Lease is in good standing;
(a)
the consent of the Owners to this Agreement is not required under the Lease;
(b)
the Additional Claims are held by CUN subject to the Lease pursuant to the area of influence provisions of the Lease;
(c)
the interest of WKR as lessee of the Claims is not subject to any liens, charges or encumbrances of any kind whatsoever; and
(d)
WKR has good and sufficient right and authority to enter into this Agreement and to carry out its obligations hereunder.
4.
By executing this Agreement, you covenant and agree:
(a)
to comply with the terms of the Lease;
(b)
that if WKR seeks a release of its obligations under the Lease from the Owners, you will execute such further assurance as the Owners and WKR may require to cause the Owners to execute such a release.
5.
We hereby assign and transfer to you all of our right, title and interest in and to the Lease and the Claims for the sum of Cdn. $1.00.
6.
We confirm our further agreement that:
(a)
we will do all such things and execute all such written materials as may be required to carry out the full intent and meaning of this Agreement;
(b)
you are entitled to assign this Agreement without our consent, provided that the assignee agrees to be bound by the terms and conditions of the Lease and this Agreement;
(c)
this Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns; and
(d)
this is the entire Agreement between the parties in respect of the matter referred to herein and no amendment or interpretation of this Agreement will be binding on the parties unless same is in writing executed by the parties hereto.
This Agreement is dated for reference the day and year first above written.
Please sign and return the enclosed copy of this Agreement to us to indicate your agreement to the terms and conditions set forth herein. The parties acknowledge that this Agreement may be signed in counterpart and by facsimile, if necessary.
Yours truly,
White Knight Gold (U.S.) Inc. hereby agrees to the terms of the foregoing Agreement. WHITE KNIGHT GOLD (U.S.) INC.
Per:
/s/ Xxxx X. Xxxxx
Signature
of Signatory
Name and Title
of Signatory: Xxxx X. Xxxxx, President
CUN MINERALS LTD. hereby acknowledges receipt of notice of the foregoing assignment and confirms that it holds the Additional Claims on behalf of Owners and White Knight Gold (U.S.) Inc. subject to the Lease pursuant to the area of influence provisions of the Lease.
Signature of Signatory
Name and Title
of Signatory: Xxxxx Xxxxxxx, President
SCHEDULE "A" TO THE ASSIGNMENT AGREEMENT MADE BETWEEN
WHITE KNIGHT RESOURCES LTD. AND WHITE KNIGHT GOLD (U.S.) INC.
The Original Claims are 48 mineral claims located in Eureka County, in the State of Nevada, more particularly described as follows:
Claim Name | Book | Page | BLM Serial # | Owner |
XXXXX #9 | 287 | 299 | NMC 720767 | Xxxxx Xxxxxxxxxx |
XXXXX #10 | 287 | 300 | NMC 720768 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #11 | 287 | 301 | NMC 720769 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #12 | 287 | 302 | NMC 720770 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #13 | 287 | 303 | NMC 720771 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #14 | 287 | 304 | NMC 720772 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #15 | 287 | 305 | NMC 720773 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #16 | 287 | 306 | NMC 720774 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #17 | 287 | 307 | NMC 720775 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #18 | 287 | 308 | NMC 720776 | Xxxxxxxxx Xxxxxxxxxx |
XXXXX #19 | 287 | 309 | NMC 720777 | Xxxxxx Xxxxx |
XXXXX #20 | 287 | 310 | NMC 720778 | Xxxxxx Xxxxx |
XXXXX #21 | 287 | 311 | NMC 720779 | Xxxxxx Xxxxx |
XXXXX #22 | 287 | 312 | NMC 720780 | Xxxxxx Xxxxx |
XXXXX #23 | 287 | 313 | NMC 720781 | Xxxxxx Xxxxx |
XXXXX #24 | 287 | 314 | NMC 720782 | Xxxxxx Xxxxx |
XXXXX #25 | 287 | 315 | NMC 720783 | Xxxxxx Xxxxx |
XXXXX #26 | 287 | 316 | NMC 720784 | Xxxxxx Xxxxx |
XXXXX #27 | 287 | 317 | NMC 720785 | Xxxxxx Xxxxx |
XXXXX #28 | 287 | 318 | NMC 720786 | Xxxxxxx Xxxxxx |
XXXXX #29 | 287 | 319 | NMC 720787 | Xxxxxxx Xxxxxx |
XXXXX #30 | 287 | 320 | NMC 720788 | Xxxxxxx Xxxxxx |
XXXXX #31 | 287 | 321 | NMC 720789 | Xxxxxxx Xxxxxx |
XXXXX #32 | 287 | 322 | NMC 720790 | Xxxxxxx Xxxxxx |
XXXXX #33 | 287 | 323 | NMC 720791 | Xxxxxxx Xxxxxx |
XXXXX #34 | 287 | 324 | NMC 720792 | Xxxxxxx Xxxxxx |
XXXXX #35 | 287 | 325 | NMC 720793 | Xxxxxxx Xxxxxx |
XXXXX #36 | 287 | 326 | NMC 720794 | Xxxxxxx Xxxxxx |
Claim Name | Book | Page | BLM Serial # | Owner |
XXXXX #37 | 287 | 327 | NMC 720795 | Xxxx Xxxxxxxxxx |
XXXXX #38 | 287 | 328 | NMC 720796 | Xxxx Xxxxxxxxxx |
XXXXX #39 | 287 | 329 | NMC 720797 | Xxxx Xxxxxxxxxx |
XXXXX #40 | 287 | 330 | NMC 720798 | Xxxx Xxxxxxxxxx |
XXXXX #41 | 287 | 331 | NMC 720799 | Xxxx Xxxxxxxxxx |
XXXXX #42 | 287 | 332 | NMC 720800 | Xxxx Xxxxxxxxxx |
XXXXX #43 | 287 | 333 | NMC 720801 | Xxxx Xxxxxxxxxx |
XXXXX #44 | 287 | 334 | NMC 720802 | Xxxx Xxxxxxxxxx |
XXXXX #45 | 287 | 335 | NMC 720803 | Xxxx Xxxxxxxxxx |
XXXXX #46 | 287 | 336 | NMC 720804 | Xxxxx Xxxxxxxxxx |
XXXXX #47 | 287 | 337 | NMC 720805 | Xxxxx Xxxxxxxxxx |
XXXXX #48 | 287 | 338 | NMC 720806 | Xxxxx Xxxxxxxxxx |
XXXXX #49 | 287 | 339 | NMC 720807 | Xxxxx Xxxxxxxxxx |
XXXXX #50 | 287 | 340 | NMC 720808 | Xxxxx Xxxxxxxxxx |
XXXXX #51 | 287 | 341 | NMC 720809 | Xxxxx Xxxxxxxxxx |
XXXXX #52 | 287 | 342 | NMC 720810 | Xxxxx Xxxxxxxxxx |
XXXXX #53 | 287 | 343 | NMC 720811 | Xxxxx Xxxxxxxxxx |
XXXXX #54 | 287 | 344 | NMC 720812 | Xxxxx & Xxxxxx Xxxxxx |
XXXXX #55 | 287 | 345 | NMC 720813 | Xxxxx & Xxxxxx Xxxxxx |
XXXXX #56 | 287 | 346 | NMC 720814 | Xxx Xxxxxx |
The above claims are situated in Eureka County, Nevada, Sections 2, 3, 4 and 10, Township 24 N, Range 49 E, and Sections 33 and 34, Township 25 N, Range 49 E, MDM.
SCHEDULE "B" TO THE ASSIGNMENT AGREEMENT MADE BETWEEN
WHITE KNIGHT RESOURCES LTD, AND WHITE KNIGHT GOLD (U.S.) INC.
The Additional Claims are certain mineral claims located in Eureka County, in the State of Nevada, more particularly described as follows:
Claim Name | Book | Page | NMC# | Owner |
P 25 | 267 | 148 | 696730 | CUN Minerals Inc. |
P 26 | 267 | 149 | 696731 | CUN Minerals Inc. |
P 27 | 267 | 150 | 696732 | CUN Minerals Inc. |
P 29 | 267 | 151 | 696733 | CUN Minerals Inc. |
P 30 | 267 | 152 | 696734 | CUN Minerals Inc. |
P 31 | 267 | 153 | 696735 | CUN Minerals Inc. |
P 32 | 267 | 154 | 696736 | CUN Minerals Inc. |
P 33 | 267 | 155 | 696737 | CUN Minerals Inc. |
P 77 | 267 | 156 | 696738 | CUN Minerals Inc. |
P 78 | 267 | 157 | 696739 | CUN Minerals Inc. |
P 79 | 267 | 158 | 696740 | CUN Minerals Inc. |
P 80 | 267 | 159 | 696741 | CUN Minerals Inc. |
P 81 | 267 | 160 | 696742 | CUN Minerals Inc. |
P 82 | 267 | 161 | 696743 | CUN Minerals Inc. |
P 83 | 267 | 162 | 696744 | CUN Minerals Inc. |
P 84 | 267 | 163 | 696745 | CUN Minerals Inc. |
P 85 | 267 | 164 | 696746 | CUN Minerals Inc. |
P 86 | 267 | 165 | 696747 | CUN Minerals Inc. |
P 87 | 267 | 166 | 696748 | CUN Minerals Inc. |
P 88 | 267 | 167 | 696749 | CUN Minerals Inc. |
P 89 | 267 | 168 | 696750 | CUN Minerals Inc. |
P 90 | 267 | 169 | 696751 | CUN Minerals Inc. |
P 91 | 267 | 170 | 696752 | CUN Minerals Inc. |
P 92 | 267 | 171 | 696753 | CUN Minerals Inc. |
P 93 | 267 | 172 | 696754 | CUN Minerals Inc. |
P 94 | 267 | 173 | 696755 | CUN Minerals Inc. |
P 95 | 267 | 174 | 696756 | CUN Minerals Inc. |
P 96 | 267 | 175 | 696757 | CUN Minerals Inc. |
P 97 | 267 | 176 | 696758 | CUN Minerals Inc. |
P 98 | 267 | 177 | 696759 | CUN Minerals Inc. |
P 99 | 267 | 178 | 696760 | CUN Minerals Inc. |
P 100 | 267 | 179 | 696761 | CUN Minerals Inc. |
P 101 | 267 | 180 | 696762 | CUN Minerals Inc. |
P 102 | 267 | 181 | 696763 | CUN Minerals Inc. |
P 103 | 267 | 182 | 696764 | CUN Minerals Inc. |
P 104 | 267 | 183 | 696765 | CUN Minerals Inc. |
P 105 | 267 | 184 | 696766 | CUN Minerals Inc. |
P 106 | 267 | 185 | 696767 | CUN Minerals Inc. |
P 000 | 000 | 000 | 000000 | CUN Minerals Inc. |
P 108 | 267 | 187 | 696769 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696770 | CUN Minerals Inc. |
P 110 | 267 | 189 | 696771 | CUN Minerals Inc. |
P 111 | 267 | 190 | 696772 | CUN Minerals Inc. |
P 112 | 267 | 191 | 696773 | CUN Minerals Inc. |
P 113 | 267 | 192 | 696774 | CUN Minerals Inc. |
P 114 | 267 | 193 | 696775 | CUN Minerals Inc. |
P 000 | 000 | 000 | 000000 | CUN Minerals Inc. |
P 116 | 267 | 195 | 696777 | CUN Minerals Inc. |
P 117 | 267 | 196 | 696778 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696779 | CUN Minerals Inc. |
P 119 | 267 | 198 | 696780 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696781 | CUN Minerals Inc. |
P 121 | 267 | 200 | 696782 | CUN Minerals Inc. |
P 122 | 267 | 201 | 696783 | CUN Minerals Inc. |
P 000 | 000 | 000 | 000000 | CUN Minerals Inc. |
P 124 | 267 | 203 | 696785 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696786 | CUN Minerals Inc. |
P 126 | 267 | 205 | 696787 | CUN Minerals Inc. |
P 127 | 267 | 206 | 696788 | CUN Minerals Inc. |
P 128 | 267 | 207 | 696789 | CUN Minerals Inc. |
P 000 | 000 | 000 | 000000 | CUN Minerals Inc. |
P 130 | 267 | 209 | 696791 | CUN Minerals Inc. |
P 000 | 000 | 000 | 000000 | CUN Minerals Inc. |
P 132 | 267 | 211 | 696793 | CUN Minerals Inc. |
P 133 | 267 | 212 | 696794 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696795 | CUN Minerals Inc. |
P 135 | 267 | 214 | 696796 | CUN Minerals Inc. |
P 136 | 267 | 215 | 696797 | CUN Minerals Inc. |
P 137 | 267 | 216 | 696798 | CUN Minerals Inc. |
P 138 | 267 | 217 | 696799 | CUN Minerals Inc. |
P 139 | 267 | 218 | 696800 | CUN Minerals Inc. |
P 140 | 267 | 219 | 696801 | CUN Minerals Inc. |
P 141 | 267 | 220 | 696802 | CUN Minerals Inc. |
P 142 | 267 | 221 | 696803 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696804 | CUN Minerals Inc. |
P 144 | 267 | 223 | 696805 | CUN Minerals Inc. |
P 145 | 267 | 224 | 696806 | CUN Minerals Inc. |
P 146 | 267 | 225 | 696807 | CUN Minerals Inc. |
P 147 | 267 | 226 | 696808 | CUN Minerals Inc. |
P 148 | 267 | 227 | 696809 | CUN Minerals Inc. |
P 149 | 267 | 228 | 696810 | CUN Minerals Inc. |
P 150 | 267 | 229 | 696811 | CUN Minerals Inc. |
P 151 | 267 | 230 | 696812 | CUN Minerals Inc. |
P 000 | 000 | 000 | 696813 | CUN Minerals Inc. |
together with all or portions of the "Win" and "CC" claims which lie northwest of a line drawn from the southwest corner of Section 33 in T24N R49E to the xxxxxxxxx xxxxxx xx Xxxxxxx 0 X00X X00X. The "Win" and "CC" claims which are projected to lie northwest of this line are CC 17 through 54, Win 18 through 53, Win 89 through 122, Win 159 through 191 and Win 211 through 215.