AGREEMENTAgreement • January 2nd, 2003 • Keystone Mines LTD • Gold and silver ores • Nevada
This Agreement sets forth the terms and conditions upon which the Seller is conveying to the Buyer certain equipment as set forth in "Exhibit A" attached hereto in exchange for: 1) a Promissory Note of Five Hundred Thousand dollars (US$500,000) bearing no interest payable in full on January 30, 2003 (hereinafter the "Note"); 2) Two Hundred and Fifty Thousand (250,000) "restricted" shares of common stock of the Buyer, $0.00001 par value per share, which will represent 19.8 % of the issued and outstanding shares of capital stock of Buyer (hereinafter the "Shares") after Closing; and, 3) a convertible debenture (hereinafter the "Debenture") of Two Million dollars (US$2,000,000) maturing on January 15, 2007 and carrying a coupon of 2.5% payable at the option of Buyer in "restricted" shares of common stock of the Buyer, the said Debenture being convertible at anytime at the option of the Seller in "restricted" common stock of Buyer at a discount of 15% to the market price of the common stoc
