OPTION TO PURCHASE AND ROYALTY AGREEMENT
OPTION TO PURCHASE AND ROYALTY AGREEMENT
THIS AGREEMENT made as of the 23rd day of September, 2002.
BETWEEN:
XXXXX XXXXXXXXX, prospector, having an office at X.X. Xxx 000, Xxxxxxxxx, Xxxxxxx X0X 0X0
(hereinafter called "Xxxxxxxxx")
OF THE FIRST PART
AND:
XXXXX X. XXX, Trustee for BLUE HAWK VENTURES INC., a company duly incorporated under the laws of the State of Nevada, having an office at Xxxx 00, 00000 Xxxxxxx Xxxxxx, Xxxxxxxx, XX, X0X 0X0
(hereinafter called "Xxx” and “Blue Hawk, respectively)
OF THE SECOND PART
WHEREAS:
X. | Xxxxxxxxx is the sole
beneficial owner of 100% of the right, title and interest in and to the
Little Bear Mining Claims, which are situated in the Lac du Bonnet Mining
Division, Manitoba, which mining claims are more particularly described
in Schedule "A" attached hereto and forming part hereof (hereinafter together
with any form of successor or substitute mineral tenure called the "Claims"). |
B. | The parties now wish to enter into an
agreement with the understanding that the sole purpose of the said agreement
is to explore for and establish a mineable orebody on the Little Bear
Lake Property and bring it to production. With this objective in mind,
Xxxxxxxxx grants to Blue Hawk the exclusive right and option to acquire
an undivided 100% of the right, title and interest in and to the Claims
on the terms and conditions as hereinafter set forth. |
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the mutual promises, covenants and agreements herein contained, the parties hereto agree as follows:
1. |
INTERPRETATION |
||
1.1 |
In this Agreement: | ||
(a) | "Effective Date" means the date that both parties have signed this Agreement; | ||
(b) | "Mineral Products" means the products derived from operating the Claims as a mine. | ||
(c) | "Net Smelter Returns" means
the net proceeds received by Blue Hawk from any smelter or other purchaser
from the sale of any ores, concentrates or minerals produced from the
Claims without encumbrances. |
||
(d) | "Option" means the option granted by Xxxxxxxxx to Blue Hawk pursuant to Section 3. |
- 2 -
(e) | "Operating the Claims as a mine" or "Operation
of the Claims as a mine" means any or all of the mining, milling, smelting,
refining or other recovery of ores, minerals, metals or concentrates or
values thereof, derived from the Claims. |
||
(f) | "Royalty" means the royalty to be paid by Blue Hawk to Xxxxxxxxx pursuant to Subsection 9.1 | ||
(g) | "Dollars ($)" means legal currency of Canada. |
2. |
REPRESENTATIONS
AND WARRANTIES |
||
2.1 |
Xxx and Blue Hawk represent and warrant to Xxxxxxxxx that: | ||
(a) | Blue Hawk is a body corporate
duty incorporated, organized and validly subsisting under the laws of
its incorporating jurisdiction; |
||
(b) | Blue Hawk has full power
and authority to carry on its business and to enter into this Agreement
and any agreement or instrument referred to or contemplated by this Agreement; |
||
(c) | neither the execution and
delivery of this Agreement nor any of the agreements referred to herein
or contemplated hereby, nor the consummation of the transactions hereby
contemplated will conflict with, result in the breach of or accelerate
the performance required by any agreement to which Blue Hawk is a party;
and |
||
(d) | the execution and delivery
of this Agreement and the agreements contemplated hereby will not violate
or result in the breach of laws of any jurisdiction applicable or pertaining
thereto or of Blue Hawk's constating documents. |
||
2.2 |
Xxxxxxxxx represents and warrants to Blue Hawk: | ||
(a) | the Claims consist of the
Little Bear Mineral Claims which have been duly and validly staked and
recorded, are accurately described in Schedule "A", are presently in good
standing under the laws of the jurisdiction in which they are located
and, except as set forth herein, are free and clear of all liens, charges
and encumbrances; |
||
(b) | Xxxxxxxxx is the sole beneficial
owner of a 100% interest in and to the Claims and has the exclusive right
to enter into this Agreement and all necessary authority to dispose of
an undivided 100% interest in and to the Claims in accordance with the
terms of this Agreement; |
||
(c) | no person, firm or corporation
has any proprietary or possessory interest in the Claims other than Xxxxxxxxx
and no person is entitled to any royalty or other payment in the nature
of rent or royalty on any minerals, ores, metals or concentrates or any
other such products removed from the Claims; |
||
(d) | neither the execution and
delivery of this Agreement nor any of the agreements referred to herein
or contemplated hereby, nor the consummation of the transactions hereby |
- 3 -
contemplated will conflict
with, result in the breach of or accelerate the performance required by
any agreement to which Xxxxxxxxx is a party or by which it is bound; |
|||
(d) | the execution and delivery
of this Agreement and the agreements contemplated hereby will not violate
or result in the breach of the laws of any jurisdiction applicable or
pertaining thereto. |
||
2.3 |
The representations and
warranties hereinbefore set out are conditions on which the parties have
relied in entering into this Agreement and will survive the acquisition
of any interest in the Claims by Blue Hawk and each party will indemnify
and save the other party harmless from all loss, damage, costs, actions
and suits arising out of or in connection with any breach or any representation,
warranty, covenant, agreement or condition made by the other party and
contained in this Agreement. |
||
3. |
OPTION |
||
3.1 |
Xxxxxxxxx hereby gives and grants to Blue
Hawk the sole and exclusive right and option to acquire an undivided 100%
of the right, title and interest of Xxxxxxxxx in and to the Claims, subject
only to Xxxxxxxxx receiving the annual option payments, the shares, advance
royalty payments and/or the net smelter Royalty of 3%, in accordance with
the terms of this Agreement for and in consideration of the following: |
||
(a) | payment of $13,000 by Blue Hawk to Xxxxxxxxx
on the Effective Date; |
||
(b) | payment of $10,000 by Blue Hawk and the
issuance of 25,000 shares in the capital of Blue Hawk to be allotted and
issued to Xxxxxxxxx on December 31, 2003 upon the completion of a phase
I exploration program as recommended by a competent geologist / engineer
and submission of a satisfactory engineering report, a recommendation
that a phase II exploration program be carried out on the Claims and written
notice to Xxxxxxxxx that Blue Hawk will proceed to a phase II exploration
program; |
||
(c) | payment of $20,000 by Blue Hawk and the
issuance of 25,000 shares in the capital of Blue Hawk to be allotted and
issued to Xxxxxxxxx on December 31, 2004 upon the completion of a phase
II exploration program as recommended by a competent geologist / engineer
and submission of a satisfactory engineering report, a recommendation
that a phase III exploration program be carried out on the Claims and
written notice to Xxxxxxxxx that Blue Hawk will proceed to a phase III
exploration program; |
||
(d) | payment of $25,000 by Blue Hawk and the
issuance of 25,000 shares in the capital of Blue Hawk to be allotted and
issued to Xxxxxxxxx on December 31, 2005 upon the completion of a phase
III exploration program as recommended by a competent geologist / engineer
and submission of a satisfactory engineering report, a recommendation
that a phase IV exploration program be carried out on the Claims and written
notice to Xxxxxxxxx that Blue Hawk will proceed to a phase IV exploration
program; |
||
(e) | payment of $150,000 by Blue Hawk and
the issuance of 25,000 shares in the capital of Blue Hawk to be allotted
and issued to Xxxxxxxxx on December 31, 2006 upon the completion of a
phase IV exploration program as recommended by a competent geologist /
engineer and submission of a satisfactory engineering report, a recommendation
that a |
- 4 -
phase V exploration
program be carried out on the Claims and written notice to Xxxxxxxxx that
Blue Hawk will proceed to a phase V exploration program; |
|||
3.2 |
Upon exercise of the Option,
Blue Hawk agrees to pay Xxxxxxxxx, commencing January 1, 2007, the sum
of $50,000 per annum for so long as Blue Hawk, or its trustee, hold any
interest in the Claims and until production from the Claims commences.
Failure to make any such annual payment or achieve production in the event
a mineable orebody is discovered will require Blue Hawk to return the
property to Xxxxxxxxx free and clear of liens, charges, and any encumbrances
arising from the agreement. |
||
4. |
FINDERS’ FEE | ||
4.1 |
In consideration for acting as a finder
of the Claims between Xxxxxxxxx and Blue Hawk, a Finder’s Fee of
10% of any amount of monies or shares paid to Xxxxxxxxx under this Agreement
shall be paid to Xxxxx Xxxxx, businessman, of 0000 XxXxxxx Xxxxxx, Xxxxx
Xxxxxxxxx, X.X. X0X 0X0 on the same day and under the same stipulations
and in the proportionate amount of dollars or shares as is paid to Xxxxxxxxx. |
||
5. |
RIGHT OF ENTRY | ||
5.1 |
Until such time as the Option has been
exercised, Blue Hawk, its employees, agents and independent contractors,
will have the sole and exclusive right and option to: |
||
(a) |
enter upon the Claims; |
||
(b) |
have exclusive and quiet possession thereof, |
||
(c) |
do such prospecting, exploration, development
or other mining work thereon and thereunder as Blue Hawk in its sole discretion
may consider advisable; |
||
(d) |
bring and erect upon the Claims such facilities
as Blue Hawk may consider advisable. |
||
6. |
TERMINATION | ||
6.1 |
Subject to Section 8, this Agreement and the Option will terminate: | ||
(a) |
on the Effective Date, unless Blue Hawk
has paid to Xxxxxxxxx the sum of $13,000; |
||
(b) |
on January 01, 2004, unless on or before
that date, Blue Hawk has paid to Xxxxxxxxx the further sum of $10,000
and caused to be issued 25,000 shares on he capital stock of Blue Hawk; |
||
(c) |
on January 01, 2005, unless on or before
that date, Blue Hawk has paid to Xxxxxxxxx the further sum of $25,000
and caused to be issued 25,000 shares on he capital stock of Blue Hawk; |
||
(d) |
on January 01, 2006, unless on or before
that date, Blue Hawk has paid to Xxxxxxxxx the further sum of $25,000
and caused to be issued 25,000 shares on he capital stock of Blue Hawk; |
- 5 -
(e) |
on January 01, 2007, unless
on or before that date, Blue Hawk has paid to Xxxxxxxxx the further sum
of $150,000 and caused to be issued 25,000 shares on he capital stock
of Blue Hawk; |
|||||
(f) |
on January 1 of each and
every year, commencing on January 1, 2008, unless Blue Hawk has paid to
Xxxxxxxxx the sum of $50,000 on or before that date. |
|||||
7. |
COVENANTS OF XXXXXXXXX |
|||||
7.1 |
Xxxxxxxxx will: |
|||||
(a) |
not do any act or thing which
would or might in any way adversely affect the rights of Blue Hawk hereunder; |
|||||
(b) |
make available to Blue Hawk
and its representatives all records and files in the possession of Xxxxxxxxx
relating to the Claims and permit Blue Hawk and its representatives at
its own expense to take abstracts therefrom and make copies thereof; and
|
|||||
(c) |
promptly provide Blue Hawk with any and
all notices and correspondence from government agencies in respect of
the Claims. |
|||||
8. |
COVENANTS OF BLUE HAWK |
|||||
8.1 |
Blue Hawk will: |
|||||
(a) |
keep the Claims free and clear
of all liens, charges and encumbrances arising from their operations hereunder
and in good standing by the doing and filing of all necessary work and
by the doing of all other acts and things and making all other payments
which may be necessary in that regard; |
|||||
(b) |
permit Xxxxxxxxx, or its representatives
duly authorized by it in writing, at their own risk and expense, access
to the Claims at all reasonable times and to all records prepared by Blue
Hawk in connection with work done on or with respect to the Claims; |
|||||
(c) |
conduct all work on or with
respect to the Claims in a careful and minerlike manner and in compliance
with all applicable federal, provincial and local laws, rules, orders
and regulations, and indemnify and save Xxxxxxxxx harmless from any and
all claims, suits, actions made or brought against it as a result of work
done by Blue Hawk on or with respect to the Claims; and |
|||||
(d) |
obtain and maintain, or cause any contractor
engaged hereunder to obtain and maintain, during any period in which active
work is carried out hereunder, adequate insurance. |
|||||
9. |
EXERCISE OF OPTION |
|||||
9.1 |
Once Blue Hawk has incurred
the exploration expenditures, and made the payments set out in Section
3.1, Blue Hawk will, subject to the right of Xxxxxxxxx to receive the
Royalty and the |
|||||
- 6 -
obligation
of Blue Hawk to make the annual payments set out in Section 3.2, own an
undivided 100% of Xxxxxxxxx'x right, title, and interest in and to the
Claims. |
||
10. |
ROYALTY |
|
10.1 |
Blue Hawk will pay to Xxxxxxxxx
an annual royalty equal to three percent (3%) of Net Smelter Returns,
subject to Section 9.4. |
|
10.2 |
After the exercise of the
Option, payment of the Royalty will be made quarterly within 30 days after
the end of each yearly quarter based upon a year commencing on the 1st
day of January and expiring on the 31st day of December in any year in
which production occurs. Within 60 days after the end of each year for
which the Royalty is payable, the records relating to the calculation
of Net Smelter Returns for such year will be audited by Blue Hawk and
any adjustments in the payment of the Royalty will be made forthwith after
completion of the audit. All payments of the Royalty for a year will be
deemed final and in full satisfaction of all obligations of Blue Hawk
in respect thereof if such payments or calculations thereof are not disputed
by Xxxxxxxxx within 60 days after receipt by Xxxxxxxxx of the said audit
statement. Blue Hawk will maintain accurate records relevant to the determination
of Net Smelter Returns and Xxxxxxxxx, or its authorized agent, shall be
permitted the right to examine such records at all reasonable times. |
|
11. |
AREA OF MUTUAL INTEREST |
|
11.1 |
In the event that Blue Hawk,
either directly or indirectly during the currency of this Agreement stakes
any mineral claims or other mining property or acquires any interest in
property(ies) contiguous to the Claims or lying within one (1) kilometre
of any of the existing Claims, or any part thereof, it shall notify Xxxxxxxxx
in writing as to the details of such staking and such minerals claims
or mining property so staked will be deemed to be part of the Claims for
the purposes of this Agreement and the costs of such staking shall be
paid by Blue Hawk. |
|
11.2 |
Notwithstanding anything
herein contained, no mineral claims or other mining property or any interest
lying outside of an area therein contiguous to the Claims or lying within
two (2) kilometres of the Claims shall become part of or subject to this
Agreement. |
|
11.3 |
In the event that Xxxxxxxxx,
either directly or indirectly during the currency of this Agreement stakes
or acquires, including by way of an option, any mineral claims or other
mining property or acquires any interest in mineral claims or mining property
contiguous to the Claims or lying within two (2) kilometres of any of
the existing Claims, or any part thereof, he shall notify Blue Hawk in
writing as to the details of such staking or acquisition and the cost
thereof and if Blue Hawk so notifies Xxxxxxxxx within thirty (30) days
after receiving notice of such details that it wishes such minerals claims
or mining property to become part of the Claims, then the mineral claims
or mining property so staked or acquired will be deemed thereafter to
be part of the Claims for the purposes of this Agreement and the costs
of such staking or acquisition shall be paid by Blue Hawk. |
|
11.4 |
In the event that Blue Hawk
does not consent to such mineral claims or mining property becoming part
of the Claims, then Xxxxxxxxx shall be entitled to hold such mineral claims
or mining property free of the terms of this Agreement. |
|
11.5 |
Blue Hawk reserves the right
to acquire mineral claims or mining property for its own right and account
outside the two (2) kilometre area of interest. In the event that Blue
Hawk acquires by |
- 7 -
staking
or by option any mineral claims or mining property outside the two (2)
kilometre area of interest, Blue Hawk shall be entitled to hold such mineral
claims or mining property free of the terms of this Agreement. |
|||
12. |
OBLIGATIONS OF BLUE HAWK AFTER TERMINATION | ||
12.1 |
In the event of the termination of the Option, Blue Hawk will: | ||
(a) |
leave the Claims in good standing for a minimum of one (1) year under all applicable legislation, free and clear of all liens, charges and encumbrances arising from this Agreement or their operations hereunder and in a safe and orderly condition; | ||
(b) |
deliver to Xxxxxxxxx within
60 days of its written request a comprehensive report on all work carried
out by Blue Hawk on the Claims (limited to factual matter only) together
with copies of all maps, drill logs, assay results and other technical
data compiled by Blue Hawk with respect to the Claims; |
||
(c) |
have the right, and obligation
on demand made by Xxxxxxxxx, to remove from the Claims within six (6)
months of the effective date of termination all facilities erected, installed
or brought upon the Claims by or at the instance of Blue Hawk provided
that at the option of Xxxxxxxxx, any or all of facilities not so removed
will become the property of Xxxxxxxxx; and |
||
(d) |
deliver to Xxxxxxxxx a duly
executed transfer in registrable form of an undivided 100% right, title
and interest in and to the Claims in favour of Xxxxxxxxx, or his nominee. |
||
13. |
TRANSFER OF TITLE | ||
13.1 |
Upon the request of Blue
Hawk, Xxxxxxxxx will deliver to Blue Hawk a duly executed transfer in
registrable form of an undivided 100% of Xxxxxxxxx'x right, title and
interest in and to the Claims in favour of Blue Hawk which Blue Hawk will
be entitled to register against title to the Claims provided that transfer
of legal title to the Claims as set forth in this Subsection 11.1 is for
administrative convenience only and beneficial ownership of an undivided
100% interest in the Claims will pass to Blue Hawk only in accordance
with the terms and conditions of this Agreement. |
||
14. |
REGISTRATION OF AGREEMENT | ||
14.1 |
Notwithstanding Section
11 of this Agreement, Blue Hawk or Xxxxxxxxx will have the right at any
time to register this Agreement or a Memorandum thereof against title
to the Claims. |
||
15. |
DISPOSITION OF CLAIM | ||
15.1 |
Blue Hawk may at any time
sell, transfer or otherwise dispose of all or any portion of its interest
in and to the Claims and this Agreement provided that, at any time, Blue
Hawk has first obtained the consent in writing of Xxxxxxxxx, such consent
not to be unreasonably withheld and further provided that, at any time
during the currency of this Agreement, any purchaser, grantee or |
- 8 -
transferee of any such
interest will have first delivered to Xxxxxxxxx its agreement related
to this Agreement and to the Claims, containing: |
|||
(a) |
a covenant with Xxxxxxxxx
by such transferee to perform all the obligations of Blue Hawk to be performed
under this Agreement in respect of the interest to be acquired by it from
Blue Hawk, and |
||
(b) |
a provision subjecting
any further sale, transfer or other disposition of such interest in the
Claims and this Agreement or any portion thereof to the restrictions contained
in this Subsection 13.1. |
||
15.2 |
The provisions or Subsection
13.1 of this Agreement will not prevent either party from entering into
an amalgamation or corporate reorganization which will have the effect
in law of the amalgamated or surviving company possessing all the property,
rights and interests and being subject to all the debts, liabilities and
obligations of each amalgamating or predecessor company. |
||
16. |
ABANDONMENT OF PROPERTY |
||
16 |
.l | Blue Hawk shall have the unfettered
right at any time after the exercise of the Option to abandon all or any
part of its interest in the Claims. In exercising this right, Blue Hawk
will deliver to Xxxxxxxxx duly executed recordable transfers of its interest
in such part or parts of the Claims, such part or parts to be in good
standing for at least one year beyond the date of delivery of such transfers
and to be free and clear of all liens, charges, and encumbrances arising
from the operations of Blue Hawk or its agents or subcontractors hereunder. |
|
17. |
CONFIDENTIAL NATURE OF INFORMATION |
||
17.1 |
The parties agree that all information
obtained from the work carried out hereunder and under the operation of
this Agreement will be the exclusive property of the parties and will
not be used other than for the activities contemplated hereunder except
as required by law or by the rules and regulations of any regulatory authority
having jurisdiction, or with the written consent of both parties, such
consent not to be unreasonably withheld. Notwithstanding the foregoing,
it is understood and agreed that a party will not be liable to the other
party for the fraudulent or negligent disclosure of information by any
of its employees, servants or agents, provided that such party has taken
reasonable steps to ensure the preservation of the confidential nature
of such information. |
||
18. |
FURTHER ASSURANCES |
||
18.1 |
The parties hereto agree that they and
each of them will execute all documents and do all acts and things within
their respective powers to carry out and implement the provisions or intent
of this Agreement. |
||
19. |
NOTICE |
||
19.1 |
Any notice, direction or other instrument
required or permitted to be given under this Agreement will be in writing
and will be given by the delivery or the same or by mailing the same by
prepaid registered or certified mail in each case addressed as follows: |
||
(a) |
if to Xxxxx Xxxxxxxxx |
||
X.X. Xxx 000 | |||
Xxxxxxxxx, Xxxxxxx X0X 0X0 |
- 0 -
(x) |
if to Blue Hawk Ventures
Inc. |
||
Xxxx 00, 00000 Xxxxxxx
Xxxxxx |
|||
Xxxxxxxx, XX X0X 0X0 |
|||
Attention:
Xxxxx X. Xxxxxx or Xxxxx X. Xxx |
|||
19.2 |
Any notice, direction
or other instrument aforesaid will, if delivered, be deemed to have been
given and received on the day it was delivered, and if mailed, be deemed
to have been given and received on the tenth business day following the
day of mailing, except in the event of disruption of the postal services
in which event notice will be deemed to be received only when actually
received. |
||
19.3 |
Any party may at any
time give to the other notice in writing of any change of address of the
party giving such notice and from and after the giving of such notice,
the address or addresses therein specified will be deemed to be the address
of such party for the purpose of giving notice hereunder. |
||
20. |
HEADINGS |
||
20.1 |
The headings to the respective sections
herein will not be deemed part of this Agreement but will be regarded
as having been used for convenience only. |
||
21. |
DEFAULT |
||
21.1 |
If any party (a "Defaulting Party")
is in default of any requirement herein set forth other than the provisions
of Section 5 for which notice of default need not be given, the party
affected by such default will give written notice to the defaulting Party
specifying the default and the Defaulting Party will not lose any rights
under this Agreement, unless within 30 days after the giving of notice
of default by the affected party the Defaulting Party has cured the default
by the appropriate performance and if the Defaulting Party fails within
such period to cure any such default, the affected party will be entitled
to seek any remedy it may have on account of such default. |
||
22. |
PAYMENT |
||
22.1 |
All references to monies hereunder will
be in Canadian funds except where otherwise designated. All payments to
be made to any party hereunder will be mailed or delivered to such party
at its address for notice purposes as provided herein, or for the account
of such party at such bank or banks in Canada as such party may designate
from time to time by written notice. Said bank or banks will be deemed
the agent of the designating party for the purpose of receiving, collecting
and receiving such payment. |
||
23. |
ENUREMENT |
||
23.1 |
Subject to Section 13, this Agreement
will enure to the benefit of and be binding upon the parties hereto and
their respective successors and permitted assigns. |
- 10 -
24. |
TERMS |
|
24.1 |
The terms and provisions
of this Agreement shall be interpreted in accordance with the laws of
British Columbia. |
|
25. |
FORCE MAJEURE |
|
25.1 |
No party will be liable
for its failure to perform any of its obligations under this Agreement
due to a cause beyond its control (except those caused by its own lack
of funds) including, but not limited to acts of God, fire, flood, explosion,
strikes, lockouts or other industrial disturbances, laws, rules and regulations
or orders of any duly constituted governmental authority or non-availability
of materials or transportation (each an "Intervening Event"). |
|
25.2 |
All time limits imposed
by this Agreement, other than those imposed by Section 5, will be extended
by a period equivalent to the period of delay resulting from an Intervening
Event described in Subsection 23.1. |
|
25.3 |
A party relying on the provisions
of Subsection 23.1 will take all reasonable steps to eliminate an Intervening
Event and, if possible, will perform its obligations under this Agreement
as far as practical, but nothing herein will require such party to settle
or adjust any labour dispute or to question or to test the validity of
any law, rule, regulation or order of any duly constituted governmental
authority or to complete its obligations under this Agreement if an Intervening
Event renders completion impossible. |
|
26. |
ENTIRE AGREEMENT |
|
26.1 |
This Agreement constitutes
the entire agreement between the parties and replaces and supersedes all
prior agreements, memoranda, correspondence, communications, negotiations
and representations, whether verbal or written, express or implied, statutory
or otherwise between the parties with respect to the subject matter herein. |
|
27. |
TIME OF ESSENCE |
|
27.1 |
Time will be of the essence
in this Agreement. |
|
28. |
ENFORCEMENT OF AGREEMENT |
|
28.1 |
The covenants, promises,
terms and conditions contained herein will be binding upon the parties
jointly and severally and may be enforced by each as against each other
inter se. |
- 11 -
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
XXXXX XXXXXXXXX
________________________________________________
Per:____________________________________________
by its Authorized Trustee, Xxxxx X. Xxx
SCHEDULE "A"
This is SCHEDULE "A" to an Option To Purchase And Royalty Agreement made as of the 23rd day of September, 2002 between XXXXX XXXXXXXXX and BLUE HAWK VENTURES INC.
Little Bear Lake Claims: Lac du Bonnet Mining Division | |||
Claim Number |
Claim Name |
Expiry
Date |
Hectares
per claim |
MB2822 |
Meagan 1 |
November 22,
2002 |
32 |
MB2823 |
Meagan 2 |
November 22,
2002 |
32 |
MB2821 |
Meagan 8 |
October 17,
2002 |
160 |
MB2021 |
Iris 1 |
March 7, 2003 |
128 |
MB2020 |
Iris 2 |
March 7, 2003 |
224 |
W53681 |
Iris 3 |
December 23,
2002 |
144 |
MB3189 |
Iris 4 |
October 14,
2003* |
224 |
MB3190 |
Iris 5 |
October 14,
2003* |
256 |
MB3181 |
Iris 6 |
October 14,
2003* |
128 |
MB2819 |
Iris 7 |
October 17,
2002 |
144 |
MB2818 |
Iris 8 |
October 17,
2002 |
96 |
MB2824 |
Xxxxx 1 |
November 22,
2002 |
32 |
* + 60 days