Mr. Ken LiebscherLetter Agreement • March 1st, 2010 • Sierra Ventures, Inc. • Gold and silver ores
Further to a letter agreement (the “Letter Agreement”) dated February 8, 2010, Ken Liebscher (“Liebscher”) acquired 38 unpatented BLM claims including those known as Silver Summit and Candelaria and 2 historic silver mine leases known as Lucky Boy Silver Mine and the Black Butte Silver Mine (the “AG Properties”) from Monte Cristo Projects LLC and Alan Chambers.
CONFIDENTIAL Mr. Ken Liebscher, (“AquisitionCo”) Dear Sirs: Re: Nevada BLM Claim and Leased Silver MinesSierra Ventures, Inc. • March 1st, 2010 • Gold and silver ores
This letter is to confirm the agreement between the undersigned (“AcquisitionCo”) to acquire from Monte Cristo Projects LLC and Alan Chambers (“Vendors”), 38 unpatented BLM claims including those known as Silver Summit and Candelaria and 2 historic silver mine leases (“Ag Properties”) known as Lucky Boy Silver Mine and the Black Butte Silver Mine. It is understood and agreed the Vendors will provide a detailed description of the claims and the leases within 10 business days of the execution of this letter of agreement.
