THIS DEED OF ASSIGNMENT OF MINERAL CLAIM made the 1st day of November, 2007.
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Exhibit
10.2
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Agreement
between Bhindi Mines LLC and Sweetwater Resources, Inc. dated November 1,
2007
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THIS DEED OF ASSIGNMENT OF MINERAL
CLAIM made the 1st day of
November, 2007.
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BETWEEN:
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BHINDI
MINES LLC.,
A
limited liability company having its registered office at Bhopal,
India,
(hereinafter
together with its successors and assigns is referred to as the “the
Assignor” of the first part)
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AND:
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A
limited liability company having its registered office at Elenjipra,
India,
(hereinafter
together with its successors and assigns is referred to as the “the
Assignee” of the first part)
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WITNESSES
THAT WHEREAS:
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A.
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THE
Assignor has agreed to assign to the Assignee its complete interest in the
mineral claim known and described as “the Bhavnagar Gold Claim” situated,
lying and being in Surat, India, (hereinafter referred to as “the Claim”),
free and clear of all claims, encumbrances, liens or charges, to the
Assignee and the parties have agreed to assignment upon the terms and
conditions contained herein.
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NOW
THEREFORE THIS DEED OF ASSIGNMENT WITNESSES AS FOLLOWS:
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1.
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THE
Assignor CONSENTS TO AND HEREBY TRANSFERS, ASSIGNS, CONVETYS AND DELIVERS
all of the rights, title and interest in the Claim to the Assignee which
hereby agrees to take the assignment of the same from the 1st
day of November, 2007.
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2.
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THE
Assignee hereby agrees to be bound by all the terms and conditions of the
Assignment Agreement and hereby covenants with the Assignor to observe the
same.
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3.
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THE
Assignee hereby also agrees with the Assignor as follows:
(i) that
the sum of $5,000.00 (Five Thousand) in United States lawfulcurrency be
paid to the Assignor by the Assignee as consideration
for the
Assignment of the Claim.
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4.
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UPON
receipt by the Assignor for the consideration it referred to in clause 3
(i) above the Assignor shall thereafter release the Assignee from all
further obligations under the Assignment Agreement.
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5.
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THE
Parties covenant with each other to do all such acts matters and thing and
take all necessary steps as may be necessary and/or requisite for the
purpose of carrying into effect the matters set out
herein.
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6.
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IN
the event that any provision of this Assignment Deed or its application to
any person or circumstances is or is found to be invalid or unenforceable
that invalidity or enforceability of such provisions shall not affect the
validity or enforceability of the other provisions of this Assignment Deed
or the application of such other provisions to any person or circumstances
which other provisions shall remain in full force and
effect.
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7.
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THIS
Assignment Deed shall not be charged or modified in any way subsequent to
its execution except in writing signed by the parties.
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8.
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THIS
Assignment Deed forms the whole of the agreement between the parties
respecting the subject matter hereto and no representation, warranty or
statement not included or specifically provided for herein shall form part
of the Assignment Deed between the parties.
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9
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THIS
Assignment Deed shall be governed and construed exclusively by the Laws of
India where the said properties are situated and the parties hereto agree
that only the Court of Law in India shall have jurisdiction to entertain
any action in respect of this Assignment Deed and no matters flowing from
this Assignment Deed.
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10.
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THE
cost of this Assignment Deed shall be paid by the
Assignee.
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In
witness whereof the parties have executed this Assignment Deed via their
respective authorized signatories as follows:
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Witness:
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BHINDI
MINES LLC
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Per:
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KAISNAJI
BHINDI
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Authorized
Signatory of Bhindi Mines LLC
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Witness:
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Per:
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XXXX
MADAPPILLY
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Authorized
Signatory for Sweetwater Resources,
Inc.
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