PLACER CLAIMS ASSIGNMENT AGREEMENT
This ASSIGNMENT AGREEMENT (this "Agreement"), dated July 31, 2014, is by and between A. Xxxxx Xxxxxxx and Xxxxxx Xxxxxxx ("Assignors"), and PUREBASE, INC. ("Assignee"). All capitalized terms not otherwise defined herein shall have the meanings assigned to them in the Placer Mining Claim Location Notices (as defined below).
Background
The Assignors, either individually or together, filed or recorded various Placer Mining Claim Location Notices on September 10, 2013 and October 31, 2013, relating to certain Placer mining claims identified as “USMC 1” thru “USMC 50” covering 1,145 acres located in Lassen County, California and listed as Exhibit A hereto (hereinafter referred to as the “Placer Claims”) and certain assets listed as Exhibit A-1 (hereinafter referred to as the “Premises”).
Terms
NOW, THEREFORE, in consideration of the execution and delivery of the Placer Claims and Premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:
1. The Assignor(s) do hereby sell, assign, convey, transfer and deliver to the Assignee, its successors and assigns, all of the Assignors’ right, title and interest in and to the Placer Claims and Premises. This is a transfer and conveyance by the Assignors to the Assignee of good and marketable title to the Placer Claims, free and clear of all liens, claims, charges, leases, and encumbrances of any nature whatsoever, except for liens and encumbrances disclosed to and accepted by the Assignee. Assignors hereby covenant and agree to forever warrant and defend the right and title to the Placer Claims against any and all undisclosed or excluded claims whatsoever. The Assignors also assign to Assignee all rights to mine and extract such minerals as may exist on the property covered by the Placer Claims.
Page 1 of 5
2. Assignee accepts the foregoing assignment and agrees to perform the obligations of Assignors as the “Locators” of the Placer Claims. Assignee shall indemnify and hold harmless Assignors from all loss, liability, cost and expense, including reasonable attorney's fees, should it fail to do so.
3. Assignor(s) shall execute, deliver and file such further instruments of conveyance, transfer and assignment and take such other actions reasonably requested by Assignee in order to properly record and effectuate the assignment, transfer, conveyance to and the vesting of all rights and title to the Placer Claims in the Assignee.
4. This Agreement may not be amended or terminated except by a written instrument duly signed by each of the parties hereto. This Agreement shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns.
5. Nothing in this Agreement, expressed or implied, is intended or shall be construed to confer upon or give to any person, firm or corporation other than the Assignee and the Assignor(s), their successors and assigns, any remedy or claim under or by reason of this instrument or any term, covenant or condition hereof, and all of the terms, covenants, conditions, promises and agreements contained in this instrument shall be for the sole and exclusive benefit of the Assignee and the Assignor(s), their successors and assigns.
6. To the extent any provision of this Agreement is inconsistent with the Placer Mining Claim Location Notices, the provisions of the Notices duly filed with the Lassen County Clerk-Recorder will control.
7. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California without giving effect to the conflict of laws provisions thereof.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be effective as of the date first above written.
| “ASSIGNORS” | “ASSIGNEE” | |||
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/s/ A.Xxxxx Xxxxxxx
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Purebase, Inc.
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A. Xxxxx Xxxxxxx
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| /s/ Xxxxxx Xxxxxxx | /s/ Xxxx Xxxxx | |||
| Xxxxxx Xxxxxxx | Xxxx Xxxxx, CFO |
Page 2 of 5
EXHIBIT 1
The “Property”
The unpatented mining claims located in Lassen County, California, as identified below:
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Claim Name
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BLM Serial No.
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Legal
Description
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Federal Lands [MDBM]
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Acres
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USMC 1
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W1/2 NW1/4 NE1/4
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Sec.12, T.22 N., R 17 E.
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20
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|
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USMC 2
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E1/2 NW1/4 NE1/4
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Sec.12, T.22 N., R 17 E.
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20
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|
|
USMC 3
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W1/2 Lot 1
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Sec.12, T.22 N., R 17 E.
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27.5
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|
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USMC 4
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E1/2 Lot 1
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Sec.12, T.22 N., R 17 E.
|
27.5
|
|
|
USMC 5
|
W1/2 SW1/4 NE1/4
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Sec.12, T.22 N., R 17 E.
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20
|
|
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USMC 6
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E1/2 SW1/4 NE1/4
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Sec.12, T.22 N., R 17 E.
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20
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|
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USMC 7
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W1/2 Lot 2
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Sec.12, T.22 N., R 17 E.
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27.5
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|
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USMC 8
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E1/2 Lot 2
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Sec.12, T.22 N., R 17 E.
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27.5
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|
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USMC 9
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W1/2 NW1/4 SE1/4
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Sec.12, T.22 N., R 17 E.
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20
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USMC 10
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E1/2 NW1/4 SE1/4
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Sec.12, T.22 N., R 17 E.
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20
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USMC 11
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W1/2 Lot 3
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Sec.12, T.22 N., R 17 E.
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27.5
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|
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USMC 12
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E1/2 Lot 3
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Sec.12, T.22 N., R 17 E.
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27.5
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|
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USMC 13
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W1/2 SW1/4 SE1/4
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Sec.12, T.22 N., R 17 E.
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19.5
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|
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USMC 14
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E1/2 SW1/4 SE1/4
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Sec.12, T.22 N., R 17 E.
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19.5
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|
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USMC 15
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W1/2 Lot 4
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Sec.12, T.22 N., R 17 E.
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27
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USMC 16
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E1/2 Lot 4
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Sec.12, T.22 N., R 17 E.
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27
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|
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USMC 17
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W1/2 NW1/4 NE1/4
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Sec.13, T.22 N., R 17 E.
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20
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|
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USMC 18
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E1/2 NW1/4 NE1/4
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Sec.13, T.22 N., R 17 E.
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20
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|
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USMC 19
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W1/2 Lot 1
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Sec.13, T.22 N., R 17 E.
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27.5
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USMC 20
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E1/2 Lot 1
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Sec.13, T.22 N., R 17 E.
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27.5
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|
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USMC 21
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W1/2 SW1/4 NE1/4
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Sec.13, T.22 N., R 17 E.
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20
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|
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USMC 22
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E1/2 SW1/4 NE1/4
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Sec.13, T.22 N., R 17 E.
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20
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|
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USMC 23
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W1/2 Lot 2
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Sec.13, T.22 N., R 17 E.
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27.5
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USMC 24
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E1/2 Lot 2
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Sec.13, T.22 N., R 17 E.
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27.5
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Page 3 of 5
EXHIBIT 1 - Continued
The “Property”
The unpatented mining claims located in Lassen County, California, as identified below:
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Claim Name
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BLM Serial No.
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Legal
Description
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Federal Lands [MDBM]
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Acres
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USMC 25
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W1/2 NW1/4 SE1/4
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Sec.13, T.22 N., R 17 E.
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20.5
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USMC 26
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E1/2 NW1/4 SE1/4
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Sec.13, T.22 N., R 17 E.
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20.5
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|
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USMC 27
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W1/2 Lot 3
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Sec.13, T.22 N., R 17 E.
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28.5
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|
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USMC 28
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E1/2 Lot 3
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Sec.13, T.22 N., R 17 E.
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28.5
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|
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USMC 29
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W1/2 SW1/4 SE1/4
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Sec.13, T.22 N., R 17 E.
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20.5
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|
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USMC 30
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E1/2 SW1/4 SE1/4
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Sec.13, T.22 N., R 17 E.
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20.5
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|
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USMC 31
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W1/2 Lot 4
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Sec.13, T.22 N., R 17 E.
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29
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USMC 32
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E1/2 Lot 4
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Sec.13, T.22 N., R 17 E.
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29
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USMC 33
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W1/2 of Xxx 0
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Xxx.00, X.00 X., X 00 X.
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00
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XXXX 00
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X0/0 of Xxx 0
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Xxx.00, X.00 X., X 00 X.
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00
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XXXX 35
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W1/2 NW 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19
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USMC 36
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E1/2 NW 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19
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|
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USMC 37
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W1/2 NE 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19.5
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USMC 38
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E1/2 NE 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19.5
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|
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USMC 00
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X0/0 XX 0/0 XX 0/0
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Xxx.0, T.22 N., R 17 E.
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19.5
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|
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USMC 00
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X0/0 XX 0/0 XX 0/0
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Xxx.0, T.22 N., R 17 E.
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19.5
|
|
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USMC 41
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W1/2 NE 1/4 SE 1/4
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Sec.1, T.22 N., R 17 E.
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23
|
|
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USMC 42
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E1/2 NE 1/4 SE 1/4
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Sec.1, T.22 N., R 17 E.
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23
|
|
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USMC 43
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W1/2 SW 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19
|
|
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USMC 44
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E1/2 SW 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19
|
|
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USMC 45
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W1/2 SE 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19
|
|
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USMC 46
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E1/2 SE 1/4 SW 1/4
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Sec.1, T.22 N., R 17 E.
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19
|
|
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USMC 47
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W1/2 SW 1/4 SE 1/4
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Sec.1, T.22 N., R 17 E.
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19.5
|
|
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USMC 48
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E1/2 SW 1/4 SE 1/4
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Sec.1, T.22 N., R 17 E.
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19.5
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USMC 49
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W1/2 SE 1/4 SE 1/4
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Sec.1, T.22 N., R 17 E.
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25.5
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|
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USMC 00
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X0/0 XX 0/0 XX 0/0
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Xxx.0, T.22 N., R 17 E.
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25.5
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A total acres held in claim = 2,345
Page 4 of 5
EXHIBIT 1-A
The “Premises”
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Premises Identified as Assessor’s Parcel Number 145-030-2211.
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All fixed assets upon said parcel.
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All tangible and intangible assets upon listed parcel.
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All equipment upon listed parcel.
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