Letter of Intent March 5,2010Letter of Intent • March 10th, 2010 • Golf Alliance Corp • Services-amusement & recreation services
This letter confirms our agreement on the principal terms and conditions of Yale Resources Ltd. ("Yale") proposing to grant an option to Silver America Inc. ("SILVER AMERICA") to acquire a property interest in the Guadalupe property in Zacatcas 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 Gems set forth in Schedule "A" and may include additional terms as Yale and SILVER AMERICA 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.
