EXHIBIT 10.5
SALES AGREEMENT
Based on miscellaneous negotiations with shareholders of Olympic Silver
Resources, Inc. the following sale of stock is agreed to by and between Atlas
Mining Company and Olympic Silver Resources, Inc.
Shareholder Olympic Shares Atlas Shares Other Considerations
--------------- ------------------ -------------- ------------------------
X. Xxxxxxxxx 1,390,000 338,750 $10,000 cash
Xxxxxxxx Group 2,910,000 120,000 $2,009.50 Girling,
49,516 $3,410.50 Xxxxxxxx
$350.00 Xxxxxx
X. Xxxxxx 100,000 26,250
X. Xxxxx 150,000 82,500
X. Xxxxxxxxx 100,000 55,000
X. Xxxxxx 50,000 27,500
X. Xxxxx 225,000 31,725
X. Xxxxxxxxx 75,000 10,575
Signed this 1st day of April, 1999.
______________________________________
For Olympic Silver Resources, Inc.
______________________________________
For Atlas Mining Company
CORPORATE RESOLUTION
At a shareholders meeting of Olympic Silver Resources, Inc. held on January 29,
1999, at the corporate offices at 000 Xxxxxxx Xxxxxx, Xxxxxxxx, XX, and
represented in person or by proxy were 4,350,000 shares (87%) of the 5,000,000
shares outstanding of the corporation, a motion from the shareholders was
presented as follows:
Resolved that Olympic Silver Resources, Inc. consents to the acquisition of
Olympic Silver Resources, Inc. common shares by Atlas Mining Company, an Idaho
corporation.
The motion was seconded and passed unanimously by all shares represented.
Signed: __________________________
President
Attested: _________________________
Secretary
XXXX OF SALE AND RESIGNATION
The undersigned sells conveys and transfers all rights title and ownership to
Olympic Silver Resources, Inc. a Nevada corporation, to Atlas Mining Company, an
Idaho corporation. Said sale includes all Olympic Silver Resources, Inc. shares
owned or otherwise assigned to the undersigned, which is no less than 1,730,250
shares. Payment for said ownership is 149,516 shares of Atlas Mining Company
common stock and other considerations.
Further the undersigned herein resigns as an officer and director of Olympic
Silver Resources, Inc. and Minera Argentum, S.A.
Dated: ________________________
Signed: ________________________
Name: Xxxxx Xxxxxxxx
Address:_______________________
_______________________
________________________
SS#:___________________________
