DISSOLVEMENT OF LAS MINITAS GROUPINGS JOINT VENTURE AGREEMENT
DISSOLVEMENT
OF LAS MINITAS GROUPINGS JOINT VENTURE AGREEMENT
DISSOLVEMENT
AGREEMENT CONCERNING THE JOINT VENTURE AGREEMENT ENCOMPASSING THE “LAS MINITAS
GROUPINGS” EXECUTED BETWEEN XXXX XXXX RESOURCES CORP. AND RAVEN GOLD CORP. DATED
AUGUST 23, 2006.
WHEREAS:
A. Raven
Gold Corp. and Xxxx Xxxx Resources Corp. hereby this day, mutually agree to
release and dissolve the Las Minitas Groupings Agreement
dated August 23, 2006 encompassing the “Las Minitas Groupings” as attached in
Schedule A, as amended by Amendment No. 1 to the Las Minitas
Groupings Agreement
dated March 30, 2007, as attached in Schedule B.
Xxxx
Xxxx
Resources Corp. and Raven Gold Corp. hereby agree to the following:
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1)
|
All
commitments and obligations outlined in the August 23, 2006 Agreement
are
hereby released and dissolved.
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|
2)
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Neither
Raven Gold Corp. nor Xxxx Xxxx Resources Corp. will hold any claim
of gain
or liability, now or in the future, regarding the August 23, 2006
Agreement and its mutual dissolution.
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3)
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Raven
Gold Corp. will have no further recourse against the
properties/concessions outlined in the August 23, 2006 Agreement
or
against Xxxx Xxxx Resources Corp.
|
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4)
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All
discussions, meetings, documents, findings and any information exchanged
related to the Las Minitas Groupings, between Raven Gold Corp. and
Xxxx
Xxxx Corp., are considered confidential and cannot be shared without
the
written consent of the other party.
|
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5)
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Xxxx
Xxxx Resources Corp. continues to hold the sole option to acquire
100%
interest in the Las Minitas
Groupings.
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Kindly
signify your acceptance of the terms contained herein by signing in the
appropriate space below and returning a copy of the fully executed term sheet
to
Xxxx Xxxx Resources Corp. to the attention of the President by facsimile at
000-000-0000. Upon receipt by facsimile as aforesaid, the August 23, 2006
Agreement will be considered released and dissolved and a binding obligation
of
the parties will have been formed.
The
above
noted terms are hereby accepted this 3rd
day of
May, 2007.
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XXXX XXXX RESOURCES CORP.
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RAVEN GOLD CORP. | ||
| /s/ Xxxxxxx X. Xxxxxx, Xx | /s/ Xxxx Xxxxxxxxx | ||
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Xxxxxxx X. Xxxxxx Xx., President and CEO |
Xxxx Xxxxxxxxx, CEO and Director |
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Schedule
A
Las
Minitas Groupings Agreement Dated August 23, 2006
*
Incorporated by reference to the Company’s Current Report filed with the SEC on
Form 8-K on September 22, 2006.
Schedule
B
Amendment
No. 1 to the Las Minitas Groupings Agreement Dated March 30,
2007
*
Incorporated by reference to the Company’s Current Report filed with the SEC on
Form 8-K/A on April 3, 2007.
