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:
1)
All commitments and obligations outlined in the August 23, 2006 Agreement are hereby released and dissolved.
2)
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.
3)
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.
4)
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.
5)
Xxxx Xxxx Resources Corp. continues to hold the sole option to acquire 100% interest in the Las Minitas Groupings.
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.
XXXX XXXX RESOURCES CORP.
RAVEN GOLD CORP.
Per:
Per:
/s/Xxxxxxx
X Xxxxxx Xx
/s/XX
Xxxxxxx X. Xxxxxx Xx., President and
CEO
Xxxx Xxxxxxxxx, CEO and Director
Schedule A
Las Minitas Groupings Agreement Dated August 23, 2006
Schedule B
Amendment No. 1 to the Las Minitas Groupings Agreement Dated March 30, 2007
