Letter of Intent October 4, 2010Nature's Call Brands Inc. • October 5th, 2010 • Wholesale-durable goods
This letter confirms our agreement on the principal terms and conditions of Yale Resources Ltd. (“Yale”) proposing to grant an option to Nature’s Call Brands Inc. (“NATC”) to acquire a 70% interest in Yale’s wholly owned Los Amoles property located in the municipality of Villa Hidalgo, Sonora State, Mexico, more particularly described in Schedule “B” attached hereto (the “Property”). Each party understands and agrees that preparation and execution of a definitive agreement is required and that it will contain the terms set forth in Schedule "A" and may include additional terms as Yale and NATC might agree to after good faith negotiation. This Letter of Intent is intended to be binding with respect to the matters discussed in Schedule "A". This Letter of Intent may be executed in one or more counterparts, each of which shall be deemed an original for all purposes.
