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Post by Franko10 ™ on Jan 30, 2005 18:27:42 GMT -5
The Casavant Family consists of 22 members who are related to Urban Casavant. Their respective share holdings are reported separately from Urban Casavant. As a Group, the Casavant Family holds 10.7% of the Company's shares. Of this amount 100% are Rule 144 shares. There is no Casavant Family share pooling agreement, voting trust and/or other agreements relating to the shares in effect at this time. The Casavant Family includes: Albert Casavant (3,000,000); Brandy Casavant (2,000,000); Brad Casavant (500,000); Chantelle Casavant (2,000,000); Craig Casavant (2,000,000); Dale Casavant (50,000,000); Denise Casavant (30,000,000); Felix & Marlene Casavant (1,000,000); Gerry & Betty Casavant (300,000); Harvey & Gloria Casavant (1,000,000); Justin Casavant (2,000,000); Kyle Casavant (500,000); Marina Casavant (500,000); Max Casavant (10,000,000); Ray Casavant (3,000,000); Ron Casavant (30,000,000); Ryan Casavant (500,000); Trevor Casavant (2,000,000); and Vic Casavant (30,000,000). WESLEY is UC and Carrol’s son, daughter is cindy
Purpose and Effect of the Board of Directors Election On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986.
On October 28, 2002, Fort a la Corne Diamond Fields, Inc. completed a report on the five parcels of mineral claims held by Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. The report also covered the claims of Morgain Minerals, Inc. All of the parcels were registered between March 2001 and March 2002 as listed in Table 1. Purpose and Effect of the Board of Directors Election On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986. On October 28, 2002, Fort a la Corne Diamond Fields, Inc. completed a report on the five parcels of mineral claims held by Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. The report also covered the claims of Morgain Minerals, Inc. All of the parcels were registered between March 2001 and March 2002 as listed in Table 1. Registered Owner Area(2) Due Date (3) Paid Cnd USDollar Buckshot Holdings Ltd. (50%) Commando Holdings Ltd. (50%) 78,177 March 2 and 9, 2003 $938,124 $614,037 101010307 Saskatchewan Ltd. 70,427 May 11, 2003 $845,124 $553,165 101012190 Saskatchewan Ltd. 81,568 August 16, 2003 $978,816 $640,629 101027101 Saskatchewan Ltd. 8,320 March 20, 2004 $ 99,840 $ 65,345
Morgain Minerals Inc. (4) 9,216 March 20, 2004 $110,592 $ 72,382 Total 247,708 $1,945,987
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Post by Franko10 ™ on Jan 30, 2005 18:27:57 GMT -5
We all have a circle of friends and others we know through those friends.CMKM is no different and these are imo,most of CMKM's.... Glta Chris Barry Dillard : * Signed an 18 yr Uranium deal with Cameco for Bitteroots * Received an option from JNR Resources to buy 75k shares at .10 on 6-21-01 * Controls CMKM's Uranium JV w/ United Carina * Recently took over another United Carina Uranium deal Dr.Hutchinson : * Studied Juina Area diamonds for 10 yrs and in '97 completed his PHD * Worked as Research Associate for the University of Arizona's Lunar and Planetary Laboratory * Received support from U.S. National Science Foundation and NASA while at U of A * Projects on controling impurities in natural and synthetic diamonds * Served as a chair for the American Geophysical Union * Honorary Associate at the University of Sydney. * Discovered 2 minerals previously unknown * Head of UCAD's Mining Adv Board * Head Geologist for CMKM * Recommended Juina "Property 1000" to UCAD Jovan Silic : * PhD was on Interpretation of TDEM Data * Technical Advisory Board to the Co-operative Research Centre for Australian Mineral Exploration Technologies. * 8 years at the Bureau of Mineral Resources in Australia * Project geophysicist for CMKM * Managed CMKM's Airborne Electromagnetic Surveying * " Expected range from 1.76 to 4.90 carats per ton " * Partner at Flagstaff GeoConsultants * Co-worker at Flagstaff is Hugh Rutter * Mr.Rutter was Geophysicist with Western Mining * Mr.Rutter sited RD1 at Olympic Dam * Olympic Dam is an enormous Copper/Gold/Uranium ore body * Has done research on interpreting TDEM * Conducted research in Sub-surface radar and acoustic transmission methods when he worked at CSIRO as a research MGR Mousseau Tremblay : * worked fourteen years for the world's leading diamond producer, De Beers * Discovered several kimberlites in Africa and Canada * Discovered Bamigui-Bangoran deposit in Central African Republic * Established De Beers North American Diamond Exploration Division. * World wide authority in diamond exploration * Advised UCAD on "Property 1000" with Dr.Hutchinson * Comments on Juina Area on Dec. 14, 2000..."In all my 45 years in the diamond industry, I have never seen such a large diamond area. " * Is President & CEO of Diagem * Diagem runs our "Property 1000" Jack Lewy : * Dir of Diagem * Owns Natural Diamonds * Natural Diamonds is a marketing and sales company of rough and polished diamonds based in Antwerp,Belgium Stewart Blusson : * Co-founder of Ekati mine with Chuck Fipke * Stewart & Chuck each own 10% of Ekati * Ekati was the 1st diamond mine in Canada * Mr.Blusson " developed a unique approach, based on high resolution magnetometer surveys, to detect kimberlites or lamproites that are not ordinarily detectable by standard industry procedures" * Mr.Blusson is Canada's 95th richiest person * Urban knows Chuck Fipke *** Please understand there is no DD to support this statement as of yet... (Franko10) Barry Rayment : * SGGM's advisor * Was President of Bema Gold ($1B dollar gold co) * Sits on board of Bema and Airzona Star Resources * Entered deal with Placer Dome : Cerra Casale Project * The project is "one of the world's largest undeveloped gold and copper deposits". * Placer Dome retains 51% of Cerra Casale * Bema retains 24% of Cerra Casale * Arizona Star retains 25% of Cerra Casale biz.yahoo.com/prnews/040928/to024_1.html Rick Kusmirski : * Pres of JNR Resources * JNR has ties to Lundin Group * JNR has ties to International Uranium Corp * Sits on UCAD's subsidiaries boards Ed Kosch : * Owns excavating company Double K * Personal friend of Urban Alejo Bermudez : * President of Juina Mining * Was Dir of sales for Barrington Foods Dean Hiller : * Is the Sec of State for Nevada * 3rd highest ranking constitional officer in Nevada * Oversees the Securities Fraud Div for Nevada * Drives Josh Daley's #92 in the ASA Speed Truck Challenge on Saturday nights in the Twin 75's * #92 is sponsored by CMKXTREME/Go Fast Sports * ASA Speed Truck Series is sponsored by CMKXTREME Forrest & Charlotte Lucas : * Owners of Lucas Oil * Lucas Oil involved in various types of raceing * American Tractor Pullers Association/ CORR Off-Road Racing Extreme Dirt Car Series/I-10 Speedway/IHBA Drag Racing/ International Racing/Lucas Oil Racing Team - Australian Top Alcohol Dragster/Phillips Racing - Doorslammer/MECHANIX WEAR Speed Truck Challenge/MONSTER TRUCK Racing/NASCAR/ NHRA POWERade Drag Racing/NHRA Sport Compact Series/NHRA Sportsman Drag Racing/Off-Road Desert Racing/Offshore Boat Racing/SPEC Trucks-SPEED Trucks/Sprint Car Racing/USAR Hooters ProCup * Lucas Oil is the world leader of heavy duty and high-performance oils, greases and additives * Lucas Oil is "the offical oil of the NHRA" * Lucas Oil sponors a NHRA Funny Car with CMKXTREME in '05 Jim Dunn : * Admitted to Top 50 NHRA Drivers * Involved with NHRA for over 50 yrs * Signed marketing deal with Lucas Oil & CMKXTREME * CMKM is primary marketing partner starting in '05 * Manage CMKX/Lucas Oil Funny Car starting in '05 Tony Bartone : * Driver of CMKX/Lucas Oil Funny Car in '05 * 29 Carrer NHRA Natl Event Tiltles in Alch Funny Car * In '96 set record with 37 consecutive wins in Alch F/C Jeff Arend : * Driver of CMKX-TREME for '05 * First Canadian driver to go over 300-mph * 1996 NHRA Keystone Nationals Funny Car title * Co-owner of Cam-Am Motorsports Troy Widgery : * Founder of Go Fast Energy Drinks * 2003 Rev of $500 million * Sponsor 57 athletes * Sponsor various ASA Speed Truck Series trucks * Sponsors CMKX-TREME Funny Car Roger Glenn : * We all know about him * SEC Code Enforcement attorney for 10 yrs * Is a CPA * Worked for Deloite & Tousche * Co-wrote Corporate Responsibilites of Public Companies in '03 * " This publication has been written to acquaint public companies in the United States (other than non-US companies) about their obligations under the corporate governance regulatory scheme that exists after the enactment of the Sarbanes-Oxley Act of 2002. It also informs companies and their officers, directors and shareholders about their SEC reporting obligations, the restrictions on trading in the companies’ stock and the rules related to document retention. " * Sarbanes-Oxley is said to be the most complicated set of laws since great depression * Law makers complained that SOX is so technical,it threatned to slow down the world economy CMKM has more diamond claims than all the other companies combined...979 And that's after being filtered for bridges and silos www.explorationgis.com/pa_falc_claims.html
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Post by Franko10 ™ on Jan 30, 2005 18:28:10 GMT -5
CASAVANT MINING KIMBERLITE INTERNATIONAL, INC. 1481 West Warm Springs Road Suite 133 Las Vegas, NV 89014 (702) 650-0500
INFORMATION STATEMENT AND NOTICE OF ACTIONS TAKEN BY WRITTEN CONSENT BY THE MAJORITY STOCKHOLDERS
General Information
This information is being provided to the shareholders of Casavant Mining Kimberlite International, Inc. (the "Company"), a Nevada corporation (formerly known as Cyber Mark International, Inc. and formerly engaged in the electronic game industry) in connection with our prior receipt of approval by written consent, in lieu of a special meeting, of the holders of a majority of our common stock authorizing the election of a board of directors; appointment of executive officers; approval and ratification of the Board of Directors resolutions; approval and ratification of amendments to the articles of incorporation and by-laws; approval and ratification of negotiations for the acquisitions of certain public and private companies.
The shareholders holding shares representing in excess of 85.7% of the votes entitled to be cast at a meeting of the Company's shareholders, consented in writing to the proposed actions. The Company's Shareholder's called for and consented to this Special Meeting action on January 15, 2003.
The effective date of the election of the new board directors with respect to Urban Casavant, David DeSorneau and Dr. Rupert Perrin, will be immediately and with respect to Messrs. McFadden, Bending, Taulli and Dr. Hutchinson, the effective date will be 20 days after the execution of a definitive plan of merger and acquisition between the Company and Juina Mining Corporation (Pink Sheets "GEMM"), a Nevada corporation, which is expected to occur on or before March 1, 2003. If for any reason the merger with Juina Mining Corporation does not occur, then in said event the individuals nominated and elected may serve in the Director and/or executive officer capacities indicated herein, if mutually agreed to by the parties. If the shareholder action were not adopted by written majority shareholder consent, it would have been necessary for this action to be considered by the Company's shareholders at a special shareholder's meeting convened for the specific purpose of electing successor directors. This process would have taken more time and required the Company to solicit shareholder proxies for that purpose. This action, taken independently by a majority of Company shareholders, was seen as an urgent corporate matter by these majority shareholders.
Prior to November 25, 2002 (which is the effective merger date with the Casavant Mineral Claims (as defined) in Saskatchewan, Canada), the Company reported on its most recent Form 10-QSB (which was dated September 30, 2002) total assets of $344 in cash; total liabilities of ($1,672) for accounts payable; total stockholders' equity ($1,338); and total liabilities and stockholders' equity of $344. This was based on the Company's then current share capitalization which consisted of 500,000,000 shares of common voting stock at $.0001 par value with 352,223,510 shares issued and outstanding. This did not include preferred stock which consisted of 3,000,000 shares at $.001 par value. There was 1 share of preferred stock issued and outstanding. The Company further reported that it had experienced no sales; no revenues, and no operating expenses during the period. Further, in the auditor's notes, it reflected that the Company had been incorporated in Delaware on June 9, 1998 and that it had been subsequently reorganized on September 30, 2001. Thereafter, the Company changed from a Delaware corporation to a Nevada corporation on April 18, 2002. Articles of conversion from Delaware to Nevada were filed on that date. Articles of Incorporation in Nevada were filed on April 19, 2002. The full text of the Form 10-QSB dated September 30, 2002 should be read in its entirety and the summary above reflects only certain selected information and it is, therefore, not intended as a complete discussion of the Company's condition.
This majority shareholder action will permit the Company to continue to take actions necessary to effectuate the November 25, 2002 merger with the Casavant Mineral Claims, including but not limited to, steps necessary to promote its new diamond exploration, mining, branding, merchandising, and mergers and acquisition endeavors. In addition, the majority shareholder action will permit the Company to conclude negotiations with Juina Mining Corporation and other public and private companies in the mineral resource industry, including but not limited to, diamonds, gold and other metals such as zinc.
The elimination of the need for a special meeting of the shareholders to, in this case, elect directors and ratify certain amendments to the articles of incorporation and bylaws, is authorized by Section 78.320 of the Nevada Revised Statutes, (the "Nevada Law") as confirmed by the Opinion of Counsel. This Section provides that the written consent of the holders of outstanding shares of voting capital stock, having not less that the minimum number of votes which would be necessary to authorize or take the action at a meeting at which all shares entitled to vote on a matter were present and voted, may be substituted for the special meeting. According to this Section 78.320 of the Nevada Law, a majority of the outstanding shares of voting capital stock entitled to vote on the matter is required in order to, among other things, elect directors. In order to eliminate the delays in time and costs involved in holding a special meeting and in order to install a Board of Directors, as early as possible in order to operate the Company, the Company's majority shareholders elected to utilize the written consent of the majority shareholders of the Company in lieu of a calling a special meeting of the shareholders.
The date on which this Information Statement will be sent to the shareholders is on, or about February 17, 2003. The record date established by the majority shareholders for purposes of determining the number of outstanding shares of Voting Capital Stock of the Company was January 15, 2003, (the "Record Date").
Outstanding Voting Stock of the Company
In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company.
On November 25, 2002, the Company's shares were valued at $0.0014 and the Casavant Mineral Claims were valued at over $10,000,000 in situ, but did not include pre-claims exploration, consulting and other expenses incurred (the "Additional Claims Expenses"). These Additional Claims Expenses were valued at $3,000,000 at the time of the merger.
As of the Record Date, there were 7,241,653,404 shares of Common Stock issued and outstanding. The Common Stock constitutes the outstanding class of voting securities of the Company. Each share of Common Stock entitles the holder to one (1) vote on all matters submitted to the shareholders.
Security Ownership of Certain Owners and Management
The following Table sets forth the Common Stock ownership information as of January 15, 2003, with respect to (i) each person known to the Company to be the beneficial owner of more than 5% of the Company's Common Stock, (ii) each director of the Company, (iii) each person intending to file a written consent to the adoption of the Amendment described herein, and (iv) all directors, executive officers and designated shareholders of the Company as a group. This information as to beneficial ownership was furnished to the Company by or on behalf of each person named. Unless otherwise indicated, the business address of each person listed is 1481 West Warm Springs Road, Suite 133, Las Vegas, NV 89014.
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Post by Franko10 ™ on Jan 30, 2005 18:28:27 GMT -5
Table 1. Beneficial Ownership (a)
Shares Beneficially Owned Percent of Class Urban Casavant (1)(2)(3) 600,000,000 8.3% Casavant Family As A Group (2)(4)(5) 170,300,000 2.4% Majority Shareholders (2)(6) 6,988,191,000 85.8% Total Consenting Shareholders 96.5% Directors and Officers As a Group 8.3%
(1) Directors and Officers
(2) Consenting Shareholder
(3) 5% Beneficial Shareholder
(4) Majority Shareholders As a Group
(5) The Casavant Family consists of 22 members who are related to Urban Casavant. Their respective share holdings are reported separately from Urban Casavant. As a Group, the Casavant Family holds 10.7% of the Company's shares. Of this amount 100% are Rule 144 shares. There is no Casavant Family share pooling agreement, voting trust and/or other agreements relating to the shares in effect at this time. The Casavant Family includes: Albert Casavant (3,000,000); Brandy Casavant (2,000,000); Brad Casavant (500,000); Chantelle Casavant (2,000,000); Craig Casavant (2,000,000); Dale Casavant (50,000,000);Denise Casavant (30,000,000); Felix & Marlene Casavant (1,000,000); Gerry & Betty Casavant (300,000); Harvey & Gloria Casavant (1,000,000); Justin Casavant (2,000,000); Kyle Casavant (500,000); Marina Casavant (500,000); Max Casavant (10,000,000); Ray Casavant (3,000,000); Ron Casavant (30,000,000); Ryan Casavant (500,000); Trevor Casavant (2,000,000); and Vic Casavant (30,000,000).
(6) Majority Shareholders (not including Urban Casavant and the Casavant Family) consists of individuals, corporations, trusts and other legal entities which do not control more than 4.9% of the Company's shares per shareholder. The Majority Shareholders acquired their shares by purchase in consideration of $2,000,000 in cash and the forebearance of monies due them for loans and services rendered in connection with the Casavant Mineral Claims and their assignment to the Company.
Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares.
Purpose and Effect of the Board of Directors Election
On November 25, 2002 the Company agreed to acquire the Casavant Family Mineral Claims in certain kimberlite deposits located in the Province of Saskatchewan, Canada. The Mineral Claims were held in the name of five companies owned directly and/or beneficially by the Casavant Family and Morgain Minerals, Inc. (a company held by third parties with the claims under option). These companies include Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. In addition, Fort a la Corne Diamond Fields, Inc. acted as the claims and exploration manager for the five companies above, as well as, the claims held by Morgain Minerals, Inc. Each of these companies have agreed to transfer 100% of the Mineral Claims to the Company in accordance with the Mineral Disposition Regulations of Saskatchewan, 1986.
On October 28, 2002, Fort a la Corne Diamond Fields, Inc. completed a report on the five parcels of mineral claims held by Commando Holdings, Ltd., Buckshot Holdings, Ltd., 101010307 Saskatchewan Ltd., 101012190 Saskatchewan Ltd., and 101027101 Saskatchewan Ltd. The report also covered the claims of Morgain Minerals, Inc. All of the parcels were registered between March 2001 and March 2002 as listed in Table 1.
Table 1 (1)
Registered Owner Area(2) Due Date (3) Paid Cnd USDollar Buckshot Holdings Ltd. (50%) Commando Holdings Ltd. (50%) 78,177 March 2 and 9, 2003 $938,124 $614,037 101010307 Saskatchewan Ltd. 70,427 May 11, 2003 $845,124 $553,165 101012190 Saskatchewan Ltd. 81,568 August 16, 2003 $978,816 $640,629 101027101 Saskatchewan Ltd. 8,320 March 20, 2004 $ 99,840 $ 65,345 Morgain Minerals Inc. (4) 9,216 March 20, 2004 $110,592 $ 72,382 Total 247,708 $1,945,987
(1) Table 1 was prepared by P. Robershaw, P. Geo. for Fort a la Corne Diamond Fields, Inc. in connection with the properties.
(2) 1 hectare equals 2.46 acres with 247, 708 hectares equaling 609,361.68 acres.
(3) Based on U.S. Dollar/Canadian Dollar exchange rates, the amounts paid for the claims equals $1,945,987.00 USD as of January 30, 2002 exchange rates, but were valued at $2,000,000 USD on the date of the merger which is November 25, 2002.
(4) The claims of Morgain Minerals Inc. are under option, but are included.
The claims comprise a substantial and largely contiguous land position in a favorable exploration setting in the vicinity of the Fort a la Corne kimberlite bodies. In all, the properties consist of 636 claims with a total area of 247,708 hectares (611,625 acres). The 5 properties are located in central Saskatchewan within 100 kilometers of the City of Prince Albert and are largely accessible by road. Mineral dispositions in Saskatchewan are administered by the Saskatchewan Industry and Resources ("SIR"). The properties fall entirely within the surveyed portion of the Province of Saskatchewan.
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Post by Franko10 ™ on Jan 30, 2005 18:28:50 GMT -5
In 2003, expenditures of $2,762,064 Cnd ($1,807,469 USD) will be required to retain the claims. In 2004 and subsequent years (until 2012) the required assessment expenditure will be $2,972,496 ($1,945,133 USD). After ten years, the annual expenditure on the claims increases to $25 Cnd ($16.36 USD) per hectare. Grouping of contiguous claims is allowed to a maximum block size of 10,000 hectares. Reports submitted to the SIR in support of assessment filings are retained on a confidential basis for three years, or until the claims lapse whichever is earlier.
Claims are defined in terms of legal sections or subdivisions. Road allowances, typically 20m in width, fall between the sections and are separate legal entities. In 2001, Saskatchewan Energy and Mines (now Saskatchewan Industry Resources ("SIR") amended the description of mineral claims in the surveyed portion of the Province to allocate road allowances to adjacent claim holders so that claim coverage could be seamless.
The majority shareholders of the Company have taken the following action since the Acquisition Date.
Amended Corporate Charter
The corporate charter of Cyber Mark International, Inc., a Nevada corporation, was amended to reflect a name change to "Casavant Mining Kimberlite International, Inc." effective December 3, 2002.
The corporate charter was amended to increase authorize share capital to 10,000,000,000 common voting shares in order to effectuate the merger. This increase in share capital was necessary in order to complete the merger with the Casavant Mineral Claims since the value of the properties to be assigned to the Company exceeded its nominal cash reserves of $344 as reported in its 10-QSB dated September 30, 2002. All 3,000,000 Preferred shares were cancelled.
Casavant Mining Claims Merger Financings
In order to finance the merger with the Casavant Mining Claims, the majority shareholders' approved the Company's financing plan which to date totals $2,000,000 USD.
Directors Nominated and to be Elected by Majority Shareholders:
The following persons have been nominated to serve as Directors and executive officers of the Company. It should be noted that on November 25, 2002, Ian McIntyre resigned as the sole Director and Urban Casavant assumed the role of sole Director pending the election of a new Board of Directors. Mr. McIntyre subsequently agreed to continue as a Director for purposes of effectuating the merger with the Casavant Mineral Claims. Accordingly, Mr. McIntyre served as a Director and acted upon post merger matters (with Urban Casavant abstaining as a Director on matters relating to amendments to the corporate charter). However, Urban Casavant has served as interim President and Chief Executive officer and Carolyn Casavant, his wife, served as interim Executive Vice President until the majority shareholders' meeting on January 15, 2003.
Further, on November 26, 2002, the Company announced in a press release that Wesley Casavant, 22, had been appointed corporate treasurer. Wesley Casavant attends the University of Saskatchewan where he is completing his degree in commerce. Wesley Casavant has first hand knowledge of the Company's kimberlite fields in Canada having helped his parents Urban and Carolyn Casavant stake the Casavant Mineral Claims. Cindy Casavant (the daughter of Urban and Carolyn Casavant) was nominated as corporate secretary pending the Majority Shareholders meeting. Pending the completion of the negotiations to acquire Juina Mining Corporation, the Majority Shareholders approved these appointments on January 15, 2003.
Urban Casavant, Chairman of the Board of Directors.
Urban Casavant was appointed a Director and assumed the duties of the former sole director Ian McIntyre. Mr. Casavant acted as President and Chief Executive Officer and will continue in said capacity until the completion of the Juina Mining Corporation acquisition negotiations which is expected to occur on or before March 1, 2003. For the past 18 years, Mr. Casavant has been involved in exploration, mining and public companies.
Jay McFadden, Vice-Chairman and Chief Executive Officer (effective upon the Junia Mining Corporation merger).
Mr. McFadden was elected Vice-Chairman and appointed as the Company's Chief Executive Officer. James McFadden was formerly CEO and Chairman of Juina Mining Corporation. Mr. McFadden is a professional executive who attended Diablo Valley College, San Francisco, California majoring in Business Administration. He was recruited by Laughlin Associates, Inc. of Carson City, Nevada and served as Vice President of Sales for seven years. During this time, Mr. McFadden was responsible for developing strategic plans for corporate infrastructure on hundreds of start-up companies. Prior to being recruited by Laughlin Associates, Inc., Mr. McFadden was involved in the real estate mortgage and finance industry. He is married with two children and is very active in the community of Gardnerville, Nevada.
David Bending, President and Chief Operating Officer (effective upon the Juina Mining Corporation merger).
Mr. Bending was appointed to act as the Company's President and Chief Operating Officer. David A. Bending M.Sc., P.Geo. has 25 years of experience in mineral exploration and mining worldwide with emphasis on the Americas. He has a M.Sc. in Economic Geology and Geochemistry from the University of Toronto and a B.Sc. (Geology) from the University of Oregon. His career in exploration and management includes three years with Texasgulf Exploration, fourteen years with Homestake Mining Company and eight years in successful consulting and management of junior mining companies. He has been responsible for kimberlite and diamond discoveries in Canada and Brazil and metallic mineral deposits throughout the Americas. He currently manages a geological consulting practice based in Reno, Nevada, with clients and projects throughout the Americas. He is fully conversant in Portuguese, Spanish and French in addition to English and is familiar with mining law, mining development trends and business practices throughout the Americas.
Rick Taulli, Secretary (effective upon the Juina Mining Corporation merger).
Mr. Taulli was appointed to act as the Company's corporate Secretary. Mr. Taulli is an engineer who graduated from the University of California, Riverside with Bachelor of Science Honors in 1976. He has 28 years experience in the hydraulic engineering, mechanical engineering and research and development fields, and has been involved in the corporate environment, both professionally and personally, for over 20 years. He is presently a director of MultiSoft Internet International, Inc., Future Communications Group, Inc., Special Services, Inc., and Excelsior Management, LLC (Managing General Partner).
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Post by Franko10 ™ on Jan 30, 2005 18:29:11 GMT -5
David DeSorneau, Director and Treasurer (effective immediately).
Mr. DeSorneau was appointed to act as the Company's Treasurer. Mr. DeSorneau, 56, is a resident of Las Vegas and a 32 year veteran of financial accounting systems. A graduate of New York University at Albany in accountancy, Mr. DeSorneau was originally hired by the Company as a financial systems consultant in December 2002.
Dr. Rupert Perrin, Director
Dr. Perrin was twice nominated for a Nobel Prize in science based on his development of specific methods of diagnosing various diseases in humans and animals. Dr. Perrin currently resides in Las Vegas, NV.
Born in 1929 in Havana, Cuba, his family moved to Jamaica in 1934. He was the youngest person to graduate from high school at the age of 15. In 1945, Dr. Perrin passed the Cambridge University Senior School Examination and he was awarded The Jamaica Scholarship to study at Oxford University in England. Graduating with high honors in organic and physical chemistry, he won a second scholarship to study at McGill Medical School in Montreal, Canada. Dr. Perrin earned his medical degree in 1953.
After medical school, Dr. Perrin returned to Jamaica for two years where he supervised a series of research projects sponsored by the British Commonwealth Special Funds. From 1959 to 1969, Dr. Perrin was both a teacher and researcher at the University of Southern California Medical School. During this time, Dr. Perrin founded his own private Endocrine Laboratory to develop and extract growth hormones from human pituitary glands to assist children with growth deficiencies. Today these hormone extracts are being promoted as an anti-aging treatment.
Dr. Perrin also developed in his private Endocrine Laboratory the first early pregnancy test and was the main source of antigens and antibodies used by other labs around the world. The PSA test is used to detect the presence of prostate cancer. Dr. Perrin major accomplishment in medicine was the identification Neopterin which plays a primary role in the organization and function of the immune system. Neopterin is a unique screening tool used to test the presence of AIDS and the HIV-1 virus in blood donors and organ transplant screening.
In 1983, Dr. Perrin received the Wisdom Award which is given to those persons who display excellence in various fields of study. The first recipients of the Wisdom Award included Albert Einstein, Linus Pauling, Samuel Golding, Dr. Jonas Salk, Dr. Armand Hammer, Harry S. Truman and Dwight D. Eisenhower. In 1989, Dr. Perrin was inducted into the New York Academy of Sciences. In 1999, Dr. Perrin was given an award by the Chinese government for advances in the science of Endocrinology.
Mark Hutchison, Ph.D., Director (effective upon the Junia Mining Corporation merger).
Mark Hutchison graduated from the University of Edinburgh with Bachelor of Science Honors in Geology in 1993. For the past ten years Dr. Hutchison has been working on diamond research and has in-depth knowledge of diamonds from the Juina area, having completed his Ph.D. on the subject in 1997. Since this time, Dr. Hutchison has been working as a Research Associate for the University of Arizona's Lunar and Planetary Laboratory and is currently on sabbatical at the Institute of Advanced Studies in Canberra, Australia. As a research scientist, he has directed work on projects including the controls of impurities in natural and synthetic diamonds, diamond growth at high pressure and temperatures and the mechanisms influencing "prospectivity" of deep sourced diamonds. Dr. Hutchison has been an invited lecturer on deep mantle diamonds at several institutions, has served as a chair for the American Geophysical Union and has been made an Honorary Associate of the University of Sydney. Dr. Hutchison has worked closely with Juina Mining Corp. since 1999 on issues of funding, "prospectivity" and marketing of Juina's diamonds initially on a consultancy basis before his appointment to its Board.
Director and Management Contracts
To date, there are no written contracts setting forth Director's fees and/or executive compensation packages. With respect to Messrs. McFadden, Bending, and Taulli who currently serve in managerial positions with Junia Mining Corporation any contracts negotiated with the Company will be effective only upon completion of merger and acquisition negotiations with Juina Mining Corporation.
Effective January 15, 2003, Mr. McIntyre ceased acting as a Director with the consent of the Company. Mr. McIntyre had resigned as a Director at the time of the merger with the Casavant Mining Claims, but agreed to remain as a Director of the Company until the majority shareholders' meeting. There was no written contract between the Company and Mr. McIntyre in his role as Director. Mr. McIntyre continues to be a shareholder in the Company.
Independent Auditor
On January 15, 2003, the Majority Shareholders accepted the resignation of David E. Coffey, 6767 West Tropicana Boulevard, Suite 216, Las Vegas, NV 89103. Mr. Coffey stated that his resignation was based on his limited staff and the location of the Company's assets in Canada. Mr. Coffey expressed no disagreements with the Company's accounting practices or any other matter. The majority shareholders approved the appointment of David DeSorneau to chair the selection committee for a new independent auditor for the Company.
New CUSIP No. and New Trading Symbol
On January 15, 2003, the Majority Shareholders approved the Company's efforts to obtain a new CUSIP Number and trading symbol following its name change.
Transfer Agent
On January 15, 2003, the Majority Shareholders approved the Company's selection of First Global Stock Transfer, LLC, 7341 West Charleston Boulevard, Suite 130, Las Vegas, NV 89117 as the new transfer agent.
Mergers and Acquisitions
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Post by Franko10 ™ on Jan 30, 2005 18:29:29 GMT -5
Juina Mining Corp.
As previously announced on December 4, 2002, the Company entered into a Letter of Intent to acquire Juina Mining Corp. (Pink Sheets "GEMM"), a diamond company with working interests in producing diamond fields in Brazil. The negotiations are still on-going with no definitive closing date. The election of Messrs. McFadden, Bending, and Taulli are subject to the completion of a definitive agreement between the Company and Juina Mining Corporation. The Company believes that these negotiations should be completed before March 1, 2003.
Other Mining Claims
As previously announced on January 6, 2003, the Company is negotiating to acquire zinc claims in Saskatchewan, Canada. The acquisition of the zinc claims is still in negotiations with no definitive closing date.
Pink Sheet Acquisition
As previously announced on January 6, 2003, the Company is negotiating with a Pink Sheet listed company as an acquisition and merger opportunity. To date, the negotiations are on-going with no definitive closing date.
Acquisition of Jade
On December 30, 2002, the company acquired Fifty Million Dollars ($50,000,000) worth of Ancient Chinese Jade as appraised by Elizabeth Childs-Johnson, from Opal Financial and Development Corporation, for a total of Five Hundred Million Shares (500,000,000) of common stock of the corporation. The company intends to use the Jade for forthcoming exhibitions in conjunction with Casavant Diamonds to promote the Casavant name.
Representative Office in Antwerp, Belgium
As previously announced on December 9, 2002, the Company announced that it was sponsoring a representative office in Antwerp, Belgium. The purpose of the representative office is to promote the "Casavant" brand of diamonds and to assist in the support of worldwide measures to promote "conflict free" diamonds. The representative office is still pending with no definitive operational date.
CMKI Website
As previously announced on December 12, 2002, the Company was launching a website. The website is currently under construction with no definitive operational date.
Share and Cash Dividend Policy
As previously announced on January 7, 2003, the Company approved a mandatory cash and share dividend policy. At the majority shareholders' meeting it was determined that the dividend policy should be reviewed by the newly elected Board of Directors. Until such review has been completed, there will be no mandatory dividend policy in effect.
Exploration Program 2003
As previously announced on December 2, 2002, the Company was negotiating for a drilling rig and proposed a drilling budget of $8,000,000 Cnd or $5,334,000 USD. At the majority shareholders' meeting it was determined that the Exploration Program for the Company's Casavant Mineral Claims in the Fort a la Corne area would require more than one drilling rig. Pending budget approval, the drilling rig and other equipment necessary for the exploration program will be deferred. The Company believes that it will need an exploration budget of $5,000,000 USD in 2003 for the Casavant Mineral Claims in the Fort a la Corne araa. Of this amount $1,807,469 USD are mandated expenditures by the SIR to retain the claims.
The Exploration Program consists of drilling core samples in the Company's Casavant Mineral Claims in the Fort a la Corne area after reviewing historic air and ground exploration efforts by others. Historically, the presence of diamondiferous kimberlite in Saskatchewan was unknown until Monopros, the Canadian subsidiary of De Beers, discovered an exposure of diamondiferous kimberlites in a regional prospecting program in 1987.
In 1988, Uranerz Exploration and Mining located kimberlites in the Fort a la Corne ares 60 kilometers east of Prince Albert, Saskatchewan. The 71 kimberlite bodies were detected after detailed aeromagnetic surveys of the area using the available GSC (1960's era) regional aeromagnetic coverage. The main group of kimberlites is located with the Fort a la Corne Provincial Forest and forms a north-northwest cluster approximately 32 kilometers in length, extending from the Saskatchewan Rive to Highway 55 near Shipman. Smaller outlying kimberlite clusters occur near Weirdale in the West, near Foxford in the north and near Snowden in the northeast. The kimberlite bodies are grouped more densely in the south, and spaced out more irregularly towards the north. A group of very large kimberlite bodies occurs in the southern part of this trend.
During the period 1988 to 2001, Saskatchewan Industry and Resources reports over $59,000,000 in diamond exploration monies being spent by 128 operators. The greatest activity was during 1993 and 1994 with the Snowden south area extension being explored by Cameco De Beers/Kensington JV. Between 1997 and 1999, activities in the major Saskatchewan exploration projects declined. During the same period of time, exploration projects in the Northwest Territories increased due to the discovery of diamondiferous kimberlite bodies.
Neither the Company nor the Casavant Mineral Claims holders have performed kimberlite exploration work on the current properties acquired during the merger. Information on the current properties submitted to the Saskatchewan Industry and Resources by others in fulfillment of assessment requirements may not contain the results of all work actually completed.
Open files at the Saskatchewan Industry and Resources reports 6 aeromagnetic surveys completed within and peripheral to the five properties of interst. Over 90% of the properties were covered by these surveys. The results of the surveys is available from the SIR as paper prints of total contour magnetic field contour maps. In most cases, vertical magnetic gradient contour maps are also available from SIR. The 1990 aeromagnetic surveys indicated broad mag high features which were interpreted as basement-type signatures. The targets were not drilled and the claims were allowed to lapse. The 1993 aeromagnetic surveys had higher quality data set, but was not made available in the public domain in digital form for further processing. However, the contour maps are a useful starting point for further search for subtle anomalies. Ground magnetometer surveys are reported in the SIR Open File with 17 reports and 34 ground mag surveys completed since as early as 1889.
SIR Open Files contain records of 4 prior mineral exploration holes within the Buckshot Holdings Ltd./Commando Holdings Ltd. and 101012190 Saskatchewan Ltd. claims. One hole was drilled by Uranerz in 1992 and the remaining 3 holes were completed by Rhonda Mining in 1993. Other than the 251 drillholes that have been completed on the Fort a la Corne JV kimberlite bodies since 1989, and the 31 drillholes reported to date by Shore Gold at the Star Kimberlite property, an additional 14 exploration holes have been reported by other operators in the vicinity of the 5 properties. Drillhole OFS93-012 in Section 5, Twp 52, Rge 21, W2 (3 kilometers east of Foxford), intersected kimberlite and intercalated sediments in Lower Colorado shales from 179.45 to 211.94 meters. Depth to bedrock was 109.96 meters. The hole ended at 299.0 meters. A 20.77 kilogram sample of kimberlite yielded 3 microdiamonds. Additional kimberlites were intersected by Rhonda Mining Corp. in 1993 with a total of 21 microdiamonds recovered from 100 kilograms of kimberlite at drillhole OFS93-04 (SIR Open File 73H07-0018. However, there were a significant number of drillholes that failed to intersect kimberlites on the 5 properties despite reports filed with the SIR by others of the discovery of diamondniferous kimberlites on peripheral properties.
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Post by Franko10 ™ on Jan 30, 2005 18:29:48 GMT -5
A 28 page report (not including exhibits) discussing the diamond exploration potential of the five properties was prepared by P. Robertshaw, P. Geo in October 28, 2002 for Fort a la Corne Diamond Fields, Inc. (which is one of the companies acquired by the Company). The full text of this report is attached to this Schedule 14C as an exhibit. The majority shareholders approved a full review of the Robertshaw Report before embarking on the Company's exploration program. It was further noted by the majority shareholders that new magnetic and non-magnetic testing procedures should be reviewed by management in connection with the Casavant Mineral Claims in the Fort a la Corne area as part of their overall review of the Robertshaw Report historical exploration data on file with the SIR.
Private Placement Financings
The majority shareholders approved the Company's private placement financing which to date has raised $2,000,000 through the sale of 560,000,000 common voting shares at $0.0143 per share. The proceeds have been used to pay for the monies due under the terms of the Casavant Mineral Claims Merger Agreement and to secure general operating capital for the Company. The Company issued the shares in an exempt transaction to certain accredited investors. As further consideration, the investors were assigned a 2% Net Profit Interest Royalty or "NPI Royalty" as defined in the Casavant Mineral Claims Merger Agreement. All of the shares issued were issued under Rule 144.
In addition, the majority shareholders approved the Company's time-shared acquisition on December 30, 2002 of an ancient Chinese jade collection appraised by experts at $50,000,000 in return for 500,000,000 common voting shares. The Company believes that the jade collection will provide it with both a $50,000,000 asset base for reporting purposes and it will also serve as the centerpiece for a traveling jade museum show in venues throughout North America, including Las Vegas, NV (where major hotels and casinos have offered world master artwork collections, treasuries of the Russian Czars, treasurers from the Titanic, and motorcycle collections as revenue generating tourist attractions.
Conclusion
As a matter of regulatory compliance, we are sending you this Information Statement, which describes the purpose and effect of the majority shareholder action. Your consent to this action is not required and is not being solicited in connection with this action. This Information Statement is intended to provide CMKI's stockholders information required by the rules and regulations of the Securities Exchange Act of 1934.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
THE ATTACHED MATERIAL IS FOR INFORMATIONAL PURPOSES ONLY.
Date: January 30, 2003 Casavant Mining Kimberlite International, Inc.
/s/ Urban Casavant By: Urban Casavant Title: Chairman, President and Chief Executive Officer
Exhibit No. 5
Letter of Resignation of Auditor
Exhibit No. 10.1
Casavant Minerals Claims Purchase and Exploration Rights Agreement Subject to Finder's Royalty with Registration Rights Agreement Annexed
Exhibit No. 16
Opinion of Nevada corporate counsel re Majority Shareholders' Meeting
Exhibit No. 99
Report on the Diamonds Exploration Potential of Five Properties in the Fort a la Corne area, Saskatchewan on behalf of Fort a la Corne Diamond Fields Inc. dated October 28, 2002 (P. Robertshaw, P. Geo, Robertshaw Geophysics) (Attached as PDF File)
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Post by Franko10 ™ on Jan 30, 2005 18:30:14 GMT -5
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Post by Franko10 ™ on Jan 30, 2005 18:30:37 GMT -5
EX-10.1 4 exhibit.htm MATERIAL CONTRACTS CASAVANT MINERAL CLAIMS PURCHASE AND EXPLORATION
RIGHTS AGREEMENT SUBJECT TO FINDER'S ROYALTY WITH
REGISTRATION RIGHTS AGREEMENT ANNEXED
THIS CLAIMS PURCHASE AND EXPLORATION RIGHTS AGREEMENT (the "Agreement") is made and dated for reference effective as fully executed on the 25th day of November, 2002 as First Restated and Amended this 15th day of January, 2003, as further subject to a Finder's Royalty and Registration Rights Agreement annexed hereto as Addendum 1 and Addendum 2, respectively.
BETWEEN:
CASAVANT MINING KIMBERLITE INTERNATIONAL, INC., (formerly Cyber Mark International Corp.) a corporation duly incorporated under the laws of the State of Nevada, U.S.A.,
("CMKI");
OF THE FIRST PART
AND:
URBAN CASAVANT, INDIVIDUALLY AND AS AGENT FOR, FORT A LA CORNE DIAMOND FIELDS INC., BUCKSHOT HOLDINGS, LTD. ("Buckshot"), COMMANDO HOLDINGS LTD. ("Commando"), 101010307 SASKATCHEWAN LTD. ("Sask 307"), 101012190 SASKATCHEWAN LTD. ("Sask 190"), 101027101 SASKATCHEWAN LTD. ("Sask 101") and MORGAIN MINERALS, INC. ("MMI"), subject to option, (being hereinafter collectively referred to as the "Seller" as the context so requires);
OF THE SECOND PART
(CMKI and the Seller being hereinafter singularly also referred to as a "Party" and collectively referred to as the "Parties" as the context so requires).
WHEREAS IN CONSIDERATION of the payments to be made pursuant to, the mutual covenants contained in, and the mutual benefits to be derived from, this Agreement, the Seller and CMKI hereby agree as follows:
ARTICLE I
CLAIMS PURCHASE AND EXPLORATION RIGHTS
1.1 CONVEYANCE OF CLAIMS. The Seller conveys, assigns, and otherwise transfers "full, complete and good" title to CMKI all rights, title and interest in the exclusive mineral exploration and mining rights on all or any portion of the Property Claims (as defined herein below). As used in this Agreement, the term "Property" shall mean the totality of all rights, title and interests related to or included in the properties described in the October 28, 2002 report prepared by P. Robertshaw, Robershaw Geophysics, 111 Middlecrescent, Saskatoon, Saskatchewan S7J 2W5 Canada for Fort a la Corne Diamond Fields, Inc. which is incorporated herein by reference as if set-forth in its entirety in this Agreement including, without limitation, all minerals in, on and under the Property and the land covered by the Property. The conveyance shall become effective at the Closing Date of this Agreement which shall be set for 2:00 p.m. (Las Vegas Time), on Monday, December 2, 2003 at Suite 202, 6767 Tropicana Boulevard, Las Vegas, NV, unless extended herein below.
1.2 IMMEDIATE CONVEYANCE OF ALL EXPLORATION RIGHTS, TITLE AND INTERESTS UNDER THE CLAIMS. After the Closing Date, the Seller grants to CMKI the full right, title and interest, including the lawful authority, to enter upon the Property and to conduct such exploration and prospecting operations, as CMKI may deem appropriate, to determine the presence, location, quantity and value of minerals contained in the Property with the intention that CMKI's initial exploration efforts will be a systematic and scientific evaluation of the Property. Such operations may include, but shall not be limited to, mapping, sampling, including bulk sampling, trenching, drilling, testing, assaying and conducting environmental studies and other magnetic and geophysical exploration methods whether now known or in the future developed, and CMKI will use its reasonably best efforts to explore the Property. CMKI may also mine and remove such amount of minerals as CMKI may deem appropriate for sampling, assaying, testing and evaluation of the Property provided that the minimum exploration expenditures shall be in conformity with the laws, rules, regulations, policies and directives promulgated by the Province of Saskatchewan relative to the Property and the prospecting, claiming, exploration and mining of diamondiferous kimberlite minerals in particular. In addition, CMKI shall have the right:
(a) to use all easements and all rights-of-way for ingress and egress to and from the Property to which the Seller may be entitled;
(b) to make use of all available facilities located on the Property, including but not limited to, mineral storage and core sample warehouses and outbuildings;
(c) to obtain all permits, approvals and other federal, provincial and local governmental authorizations as CMKI deems necessary to conduct its mineral exploration activities;
(d) to exercise all other rights that are or may be incidental to any or all of the rights granted, expressly or implicitly, to CMKI in this Agreement; and
(e) to the extent Seller possesses the title and authority to grant it, to possess and use all or any part of the Property together with all easements to, across and through the Property, for the purpose of exploring any adjoining or nearby property owned, controlled or operated by CMKI.
1.3 OPERATIONS. CMKI agrees to conduct its operations in a manner as to not unreasonably interfere with the operations of the Seller as contemplated in Section "1.7" hereinbelow and so long as CMKI is able to fulfill the essential purposes desired to be obtained by it in this Agreement. The Parties will mutually discuss the location of operations of both Parties and each Party will make reasonable attempts to notify the other Party prior to any exploration, core drilling, and excavation work being conducted on the Property.
1.4 OWNERSHIP AND PROCESSING OF GEMS. The diamondiferous kinberlite minerals and their matrix materials to be mined by CMKI (collectively, the "Minerals") will be placed in a "controlled", "secured" and "accountable" inventory by CMKI, and all such Minerals will be assayed to determine the Finder's Royalty due the Seller in any manner it may determine reasonable in the circumstances, provided that, at all times, any such process reasonably complies with standard industry practices in connection with the preparation of polished goods and, provided further, that CMKI uses its reasonably best efforts to seek the maximum yield of gems in connection with any such Minerals. In this regard it is hereby also expressly acknowledged and agreed by the Parties hereto that for purposes of the Finder's Royalty, any "facetable" gemstone greater than one (1) carat in weight or any specimen exceeding U.S. $5,000 in wholesale value, will only be processed in such a manner as may be mutually agreed by both Parties, from time to time, acting reasonably. All such facetable gemstones or specimens will be kept in a mutually acceptable controlled, secure, and accountable storage facility with a dual keyed access, of which each Party will hold one key, and which storage facility will be subject to twenty-four hour video surveillance and such other monitoring as may be necessary and proper.
1.5 COOPERATION BY THE SELLER AND ASSESS TO THE PROPERTY. The Seller agrees to cooperate with CMKI in its investigation of the Property by consulting with CMKI with respect to the Property and CMKI's exploration and mining operations on the Property. The Seller further agrees to use its reasonably best efforts to assist CMKI in the exercise of all rights that are or may be incidental to any or all of the rights granted, expressly or implicitly, to CMKI in this Agreement including, without limitation, the necessary securement of all easements and all rights-of-way for ingress and egress to and from the Property presently available to the Seller; provided, however, that, notwithstanding the Seller's reasonably best efforts as aforesaid, the Seller does not hereby warrant or guarantee the availability of any said easements and rights-of-way to CMKI from third parties who previously may have permitted said use or assess to the Seller. The Seller also agrees to use its reasonably best efforts to assist CMKI with the provision of basic technical, gemological and legal and historical information and support which may assist CMKI in its exploration and mining of the Property.
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Post by Franko10 ™ on Jan 30, 2005 18:30:55 GMT -5
1.6 PAYMENT IN SHARES. On or before Closing of this Agreement or as otherwise agreed to by the Parties, CMKI shall pay to the Seller and its designees the sum of not less than 2,800,000,000 of its common voting shares in certificate form and the sum of $2,000,000. Each share certificate issued by CMKI will be duly endorsed as being "fully paid" and "non-accessable" and will be countersigned by the President and Secretary-Treasurer in their capacity as the duly elected corporate officers and countersigned by the transfer agent. Each certificate will bear a Rule 144 restrictive legend, as more fully described in section "2.2" hereinbelow or shall be otherwise "free trading" shares with the number of Rule 144 shares and free trading shares being agreed upon after a share audit of CMKI and subject to the further approval and ratification by the majority shareholders of CMKI to occur on or before January 15, 2003.
1.7 SELLER'S CONTINUED OPERATIONS. Notwithstanding the powers, rights and authorities granted to CMKI in section "1.2" hereinabove, the Seller shall have the immediate right to conduct operations on the Property before Closing under the following conditions:
(a) the Seller may inspect and inventory its equipment and machinery on the Property, to repair any such mining equipment and machinery on the Property and to complete certain site preparation work in respect of its mining operations on the Property; provided, however, that any said set up, repair and site preparation work does not require more than a combined 30 days to complete; and
(b) the Seller's operations shall not remove any Minerals and/or gemstones of any kind from the Property.
ARTICLE II
CLOSING
2.1 EXCHANGE OF CLOSING DOCUMENTS. The Parties agree to exchange any and all closing documents not otherwise described herein not less than three (3) business days before Closing.
2.2 PURCHASE PRICE. The total purchase price of the Property, as subject to a Finder's Royalty as set-forth in Exhibit 1, payable by CMKI to the Seller in accordance with section "9.1" hereinbelow shall be in the form of cash and common voting shares of CMKI (formerly Cyber Mark International Corp.), a public reporting company whose shares are quoted on the over-the-counter bulletin board ("OTC.BB") under the trading symbol "CMKI" or such other symbol as may be assigned to the Company.
2.3 CLOSING. At the closing (the "Closing") the transfer of title to the Property from the Seller to CMKI shall occur, or on such earlier or later day as may be agreed to in advance and in writing by each of the Parties hereto, and will be closed at the executive offices of CMKI, 6767 West Tropicana Street, Suite 202, Las Vegas, NV, at 2:00 p.m. (Pacific time), or at such other location and at such other time as may be agreed to in advance and in writing by the Parties hereto, on the day of Closing. As soon as conveniently possible after the due and complete execution of this Agreement the Seller shall execute and deliver to CMKI, the name of a mutually acceptable Custodial agent (the "Custodial Agent") as may be agreed to in advance and in writing by the Parties hereto, all such documents, resolutions and instruments as may be necessary, in the opinion of the Parties, acting reasonably, to transfer title to the Property to CMKI free and clear of all title defects, liens and encumbrances (collectively, the "Transfer Documents"), there to be held in Custodial by the Custodial Agent until Shareholder Approval as provided for herein. At the Closing the following shall occur:
(a) the Custodial Agent shall deliver to CMKI the Transfer Documents;
(b) Ad valorem, property and other taxes and assessments imposed upon the Property shall be prorated between the Seller and CMKI as of the date of Closing and the Seller shall be charged for all such taxes and assessments prior to the day of Closing; and
(c) the Parties shall execute and deliver such other documents and shall take such other action as may be necessary to carry out their obligations under this Agreement.
ARTICLE III
TITLES AND INFORMATION
3.1 SELLER'S WARRANTIES. The Seller represents and warrants to CMKI that the Seller is lawfully seized of the entire undivided mineral claim interest in and to the Property as described hereinabove, and that:
(a) the Seller has the right and power to convey the same for the purposes of this Agreement;
(b) the same are free from all title defects and all prior liens or encumbrances, other than as may be described herein;
(c) CMKI shall have quiet and peaceful possession of the Property;
(d) the Seller will defend title to the Property against all persons who may claim the same; and
(e) the Seller has not committed, nor will the Seller during the continuance of this Agreement commit, without the prior written consent of CMKI, any act or acts which will encumber or cause a lien to be placed against the Property.
3.2 TITLE DEFECTS. If title to any of the Property is less than as warranted in section "3.1" hereinabove, CMKI may undertake to cure any such defects or to defend or to initiate litigation to perfect, defend or cure title to the Property. CMKI, at any time, may withdraw from or discontinue any title litigation or any steps it may have taken to perfect, defend or cure title. CMKI shall not be liable to the Seller if CMKI is unsuccessful in, withdraws from or discontinues title litigation or other curative work. The Seller agrees to cooperate fully with CMKI in any and all steps undertaken by CMKI to remedy title defects.
ARTICLE IV
CONDUCT OF OPERATIONS
4.1 STANDARD OF PERFORMANCE. CMKI shall cause all prospecting, exploration and mining work to be done in a careful, safe and good miner-like manner, and to conform in all respects to applicable governmental rules, regulations and statutes; provided, however, that CMKI may use any method it deems reasonable, including experimental or innovative methods, in sampling, evaluating and recovering minerals from the Property in exercising the rights granted in section "1.2" hereinabove, and shall not be liable to the Seller in any way if such methods do not result in full recovery of the minerals being evaluated, or full maximization of the value thereof. Further, CMKI shall conduct its operations under this Agreement in a manner that will not unreasonably damage the surface of the Property and, shall reclaim, in accordance with applicable rules, regulations and statutes, all portions of the surface of the Property that it has disturbed by its operations.
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Post by Franko10 ™ on Jan 30, 2005 18:31:19 GMT -5
4.2 INDEMNIFICATION AND INSURANCE. CMKI shall assume all liability to third parties in connection with its exploration on the Property and, except as provided in section "6.1" hereinbelow, shall indemnify the Seller against any and all liability that may arise out of CMKI's operations on the Property. CMKI shall, at all times during the continuance of this Agreement, at its sole cost and expense, procure and maintain in full force and effect a policy or policies of comprehensive public liability insurance issued by an insurer which is acceptable to the Seller, such approval not to be unreasonably withheld, insuring against loss, damage or liability for injury to or death of persons or loss or damage to property occurring upon the Property in an amount of not less than U.S. one million dollars (U.S. $1,000,000) for each person injured or killed, and not less than U.S. one million dollars (U.S. $1,000,000) for property damage. Said policy or policies of insurance shall name CMKI and the Seller as insured as their respective interests may appear. CMKI shall also, again at all times during the continuance of this Agreement, at its sole cost and expense, procure and maintain in full force and effect worker's compensation insurance and such other insurance to cover personnel and all of their operations upon the Property in an amount and form as may be required by law; and CMKI shall comply with all laws and regulations pertaining to the performance of work on the Property. Copies of all insurance policies provided for herein shall be furnished to the Seller when purchased, and CMKI shall obtain a written obligation on the part of its insurance carriers to notify the Seller in writing prior to the cancellation of any policy provided for in this Agreement. In the event that CMKI shall fail to either procure or maintain any insurance policy required by this Agreement and such shall continue for period of 60 days from the receipt of written notice by CMKI of such failure, the Seller may terminate this Agreement, immediately, without further obligation or liability to CMKI. CMKI shall not commence any mining or exploration operations upon the Property without procuring the insurance policies (collectively, the "Insurance") as herein required, and shall cease all operations upon the Property should a policy of Insurance required by this Agreement be canceled or terminated.
4.3 PERMITS. The Seller understands that CMKI may make efforts to obtain permits and other authorization of every kind and nature whatsoever from governmental or private entities as may be necessary to conduct mineral exploration activities. While CMKI shall be solely responsible in these efforts, the Seller agrees to assist and cooperate fully with CMKI in any and all such endeavors upon CMKI's written request.
4.4 CERTIFICATE OF QUALIFICATION. Prior to the commencement of any operations or activities upon the Property CMKI shall obtain a "Certificate of Qualification" authorizing it to transact intra-state business in the Province of Saskatchewan, Canada, and CMKI shall provide the Seller with a copy thereof. CMKI shall additionally notify the Seller in writing forthwith should such Certificate of Qualification be surrendered or should CMKI be disqualified in any manner from doing business in the Province of Saskatchewan. All operations and activities of CMKI shall cease during any period of disqualification. In the event that CMKI shall fail to either procure or maintain such Certificate required by this Agreement and such shall continue for a period of 60 days from the receipt of written notice by CMKI of such failure, the Seller may terminate this Agreement, immediately, without further obligation or liability to CMKI.
4.5 LIENS, TAXES. During the Option Period CMKI shall keep the title to the Property free and clear of all valid liens and encumbrances resulting from its exploration operations under this Agreement and shall pay when due all taxes and assessments attributable to its operations under this Agreement or imposed upon any property or improvements placed by CMKI on the Property for its own use. CMKI may refuse to pay and may contest any claim, taxes or assessments asserted against or imposed upon it that it disputes in good faith, but shall not permit all or any portion of the Property to be sold at any time for such taxes or assessments. If the claim is finally resolved against CMKI or the taxes or assessments are finally determined to be valid, CMKI shall pay the same upon such final determination.
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Post by Franko10 ™ on Jan 30, 2005 18:31:47 GMT -5
4.6 SUBROGATION. CMKI, at its option, shall have the right to redeem for the Seller, by payment of any mortgage, taxes or other liens on the Property in the event of default or non-payment by the Seller. If CMKI pays any such mortgage, taxes or other liens CMKI shall be subrogated to rights of the holder of the mortgage or lien and may deduct any amount so paid from any payment due to the Seller under this Agreement.
4.7 NO IMPLIED COVENANT. CMKI does not make any express or implied covenant, agreement or condition relating to the exploration of the Property. Whether or not any such exploration shall at any time be conducted, and the nature, manner and extent of such operations, shall be determined by CMKI in its sole and absolute discretion.
ARTICLE V
FORCE MAJEURE
5.1 DEFINITION OF FORCE MAJEURE. The term "force majeure" as used in this Agreement includes any cause of any kind or nature whatsoever beyond CMKI's reasonable control including, but not being limited to: laws, ordinances, governmental regulations, restraint or court order; inability to obtain equipment, material, power or fuel or unusual delays in obtaining permits; labor shortages, labor disturbances, strikes, lock-outs and other industrial disturbances to the extent that it or they are beyond the control of CMKI; failure of carriers to transport or furnish facilities for transportation; acts of God, acts of the public enemy, war, blockage, riot, insurrection, lightning, fire, storm, flood, inclement weather, washout, explosion and breakage; or accident of machinery or facilities.
5.2 REMOVAL OF EVENT OF FORCE MAJEURE. CMKI shall exercise reasonable diligence to remove an event of force majeure as quickly as possible, but shall not be required to settle strikes, lock-outs or other labor difficulties contrary to its wishes, accept unusual or onerous permit conditions, or to challenge the validity of any governmental order, request, law or regulation.
ARTICLE VI
INSPECTION AND CONFIDENTIALITY
6.1 INSPECTION. During the continuance of this Agreement the Seller and its respective representatives shall have the right to enter onto the Property, without the written permission of or notice to CMKI, to inspect the Property and to protect, exercise or investigate any rights of the Seller under this Agreement; provided, however, that the Seller shall not unreasonably hinder or interrupt the operations and activities of CMKI during any such time of inspection. The Seller shall inspect such operations at its own risk and expense and shall indemnify CMKI, and its affiliated and direct and indirect parent corporations and their respective directors, partners, officers, employees, agents and corporate affiliates, from and against any loss, damage, claims or demand by reason of injury to or the presence of the Seller, its agents, representatives, licensees or guests arising from such inspection.
6.2 REPORTS. Each Party shall provide the other with quarterly reports summarizing activities on the Property and stating quantities of gems and other materials removed from the Property.
6.3 CONFIDENTIALITY. The Seller agrees that during the Option Period and, if the Option is exercised at all times thereafter, to treat all information acquired under this Agreement as confidential and not to use the name of CMKI in any document or press release or disclose any information that may be obtained under this Agreement to third parties or to the public without first having obtained the written approval of CMKI as to the form and content of any such disclosure or release. The Seller further agrees not to use, sell, give, disclose or otherwise make available to third parties or to the public at any time any knowledge or information that the Seller may obtain relating to internal proprietary techniques and methods used by CMKI.
ARTICLE VII
ASSIGNMENT OR TRANSFER
7.1 ASSIGNMENT BY CMKI. CMCKI shall not assign any right or interest in the Property or this Agreement prior to Closing.
7.2 ASSIGNMENT OR TRANSFER BY CMKI. CMKI shall have the right at any time to assign or transfer all or any portion of its rights under this Agreement; provided, however, that prior to any such assignment or transfer CMKI shall first provide the Seller with an accurate and detailed statement of the proposed assignee's or transferee's financial background and expertise in the mining industry; with the Seller thereby maintaining the right to approve any such assignee or transferee, such consent not to be unreasonably withheld.
ARTICLE VIII
TERMINATION
8.1 BY SELLER. At the election of the Seller the failure of CMKI to make or cause to be made any of the payments required by this Agreement or to keep or perform any covenant on its part to be kept or performed according to the terms or provisions of this Agreement, fail to obtain majority shareholder approval of this Agreement in its entirety within 60 days herein shall constitute an event of default. Upon an event of default the Seller shall give to CMKI written notice of default, clearly denominated as a notice of default, specifying the particular default or defaults relied on by it. CMKI shall have a reasonable time (which in any case shall not be less than 10 calendar days) after receipt of such notice in which to contest, cure or commence to cure the alleged default or defaults. If CMKI contests that default occurred, it shall so advise the Seller in writing. If CMKI contests the default the matter shall be submitted to a court of competent jurisdiction, and CMKI shall not be deemed in default until the matter shall have been determined finally by the court and all appeals have been taken or waived. Upon CMKI's failure to cure the default the Seller may declare, by written notice to CMKI, termination of this Agreement.
8.2 BY CMKI. Notwithstanding any provisions herein to the contrary, CMKI may at any time terminate and surrender this Agreement as to all or any portion of the Property by giving written notice thereof to the Seller. Promptly thereafter CMKI shall deliver to the Seller a properly executed release of the portion of the Property being released. Upon full or partial surrender of this Agreement CMKI shall be relieved of all obligations as to the Property or portion of the Property being released, except obligations that have accrued prior to surrender and the obligation to restore the surface disturbed by CMKI's operations.
8.3 BANKRUPTCY OR RECEIVERSHIP BY CMKI. CMKI agrees that in the event that all or substantially all of its assets, either individually or severally, are placed in the hands of a receiver or trustee, and such receivership or trusteeship continues for a period of 30 days, or should CMKI, either individually or severally, make an assignment for the benefit of creditors or be adjudicated a bankrupt, or should it, individually or severally, institute any proceedings under any bankruptcy legislation, whether of Canada or the United States of America, as the same now exists or under any amendments thereof which may hereafter be enacted, then this Agreement or any rights granted to CMKI hereunder shall not become an asset in any such proceedings, and the Seller, at the Seller's option, may terminate this Agreement and CMKI shall have no further rights hereunder.
8.4 REMOVAL OF EQUIPMENT. Upon termination of this Agreement, CMKI shall have three months after termination to remove from the Property all buildings, improvements, equipment and all personal property of every kind and nature erected or placed in or upon the Property by it. If CMKI is hampered by force majeure, as defined in Article "V" hereinabove, the time for removal shall be extended by the period of force majeure. Any such property not removed within the time provided in this section shall become the sole property of the Seller, and CMKI shall have no further right, title or interest with respect to it; provided, however, that CMKI shall remain liable for all unpaid taxes, liens and encumbrances on such removal property and shall indemnify the Seller for the cost of removal of any such buildings, improvements, equipment and personal property.
8.5 OBLIGATION UPON TERMINATION. Upon termination of this Agreement pursuant to either sections "2.4", "8.1" or "8.3" hereinabove CMKI shall be under no further obligation or liability under this Agreement to the Seller from and after the date of termination, except for the following:
(a) CMKI shall perform obligations and satisfy liabilities to the Seller or third parties respecting the Property that have accrued prior to the date of termination and resulted, directly or indirectly, from CMKI's operations hereunder;
(b) CMKI shall restore the surface of the Property pursuant to section "4.1" hereinabove and Article "X" hereinbelow resulting from CMKI's activities thereon; and
(c) CMKI shall furnish to the Seller one set of all information and data in CMKI's possession relating to the quantity and quality of minerals which CMKI has not already provided under Article "VI" hereinabove.
CMKI shall not be obligated, however, to furnish to the Seller interpretative data or reports or internal proprietary information. Any use or reliance by the Seller upon the data provided by CMKI shall be at the Seller's sole risk and CMKI makes no express or implied representations or warranties with respect thereto.
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Post by Franko10 ™ on Jan 30, 2005 18:32:03 GMT -5
8.6 RETURN OF PRODUCTS. If the Agreement is terminated in accordance with the terms of this Agreement, CMKI will forthwith return to the Seller all gemstones remaining in its possession taken from the Property, whether cut or uncut, together with any processed or unprocessed rock, drill core or cuttings in its possession taken from the Property.
8.7 ATTORNEY'S FEES AND COSTS. If any legal action, including arbitration or mediation, is brought to enforce or interpret this Agreement, the prevailing Party hereto shall be entitled to recover reasonable attorney's fees and costs of the action in addition to any other relief granted in any such proceedings.
ARTICLE IX
NOTICES AND PAYMENTS
9.1 METHOD OF MAKING PAYMENTS. Any payments required to be made by CMKI to the Seller hereunder will be made in cash to the Seller and/or its designees and shares certificates in the name of the Seller and/or its designees and that all of the aforesaid cash and share certificates will be personally delivered at Closing or as otherwise agreed to by the Parties. Upon making payment CMKI shall be relieved of any responsibility for the distribution of such payment shares between the individuals that comprise the Seller and any of the Seller's successors or assigns.
9.2 NOTICE. Any required notice or communication shall be in writing and shall be effective when personally delivered or when addressed and sent by registered mail:
If to Seller: Urban Casavant 1481 West Warm Springs Road Suite 133 Las Vegas, NV 89014
If to CMKI: Ian McIntyre, Sole Director (Acting In Said Capacity Prior to Closing) 6767 West Tropicana Road Las Vegas, NV 89121 USA
and deposited, postage prepaid, and registered or certified with return receipt requested, in the United States mail. Either the Seller or CMKI may, by notice to the other Party given as aforesaid, change its mailing address for future notices.
ARTICLE X
ENVIRONMENTAL
10.1 ENVIRONMENTAL. CMKI agrees that it shall reclaim the Property which it has disturbed and otherwise adhere to all environmental laws, as required by applicable federal, provincial and local law.
ARTICLE XI
INDEMNIFICATION
11.1 INDEMNIFICATION. The Parties hereto agree to indemnify and save each other Party hereto, including their respective affiliates and their respective directors, officers, employees and agents (each such party being an "Indemnified Party") harmless from and against any and all losses, claims, actions, suits, proceedings, damages, liabilities or expenses of whatever nature or kind, including any investigation expenses incurred by any Indemnified Party, to which an Indemnified Party may become subject by reason of the terms and conditions of this Agreement.
11.2 NO INDEMNIFICATION. This indemnity will not apply in respect of an Indemnified Party in the event and to the extent that a court of competent jurisdiction in a final judgment shall determine that the Indemnified Party was grossly negligent or guilty of willful misconduct.
11.3 CLAIM OF INDEMNIFICATION. The Parties hereto agree to waive any right they might have of first requiring the Indemnified Party to proceed against or enforce any other right, power, remedy, security or claim payment from any other person before claiming this indemnity.
11.4 NOTICE OF CLAIM. In case any action is brought against an Indemnified Party in respect of which indemnity may be sought against any of the Parties hereto, the Indemnified Party will give relevant Party hereto prompt written notice of any such action of which the Indemnified Party has knowledge and such Party will undertake the investigation and defense thereof on behalf of the Indemnified Party, including the prompt employment of counsel acceptable to the Indemnified Parties affected and the payment of all expenses. Failure by the Indemnified Party to so notify shall not relieve any Party hereto of such Party's obligation of indemnification hereunder unless (and only to the extent that) such failure results in a forfeiture by any Party hereto of substantive rights or defenses.
11.5 SETTLEMENT. No admission of liability and no settlement of any action shall be made without the consent of each of the Parties hereto and the consent of the Indemnified Parties affected, such consent not to be unreasonable withheld.
11.6 LEGAL PROCEEDINGS. Notwithstanding that the relevant Party hereto will undertake the investigation and defense of any action, an Indemnified Party will have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel will be at the expense of the Indemnified Party unless:
(a) employment of such counsel has been authorized by the relevant Party hereto; or
(b) the relevant Party hereto has not assumed the defense of the action within a reasonable period of time after receiving notice of the action; or
(c) the named parties to any such action include that any Party hereto and the Indemnified Party shall have been advised by counsel that there may be a conflict of interest between any Party hereto and the Indemnified Party; or
(d) there are one or more legal defenses available to the Indemnified Party which are different from or in addition to those available to any Party hereto.
11.7 CONTRIBUTION. If for any reason other than the gross negligence or bad faith of the Indemnified Parties (or any of them) being the primary cause of the loss claim, damage, liability, cost or expense, the foregoing indemnification is unavailable to the Indemnified Parties (or any of them) or insufficient to hold them harmless, the relevant Parties hereto shall contribute to the amount paid or payable by the Indemnified Parties as a result of any and all such losses, claim, damages or liabilities in such proportion as is appropriate to reflect not only the relative benefits received by any Party hereto on the one hand and the Indemnified Parties on the other, but also the relative fault of the parties and other equitable considerations which may be relevant. Notwithstanding the foregoing, the relevant Party or Parties hereto shall in any event contribute to the amount paid or payable by the Indemnified Parties, as a result of the loss, claim, damage, liability, cost or expense (other than a loss, claim, damage, liability, cost or expenses, the primary cause of which is the gross negligence or bad faith of the Indemnified Parties or any of them), any excess of such amount over the amount of the fees actually received by the Indemnified Parties hereunder.
ARTICLE XII
GENERAL
12.1 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement to date between the Parties hereto and supersedes every previous agreement, communication, expectation, negotiation, representation or understanding, whether oral or written, express or implied, statutory or otherwise, between the Parties hereto with respect to the subject matter of this Agreement. No modification of this Agreement shall be effective unless in writing and executed by each of the Parties to this Agreement.
12.2 ENUREMENT. This Agreement will enure to the benefit of and will be binding upon the Parties hereto, their respective heirs, executors, administrators and assigns, but nothing contained in this Agreement shall be construed as a consent by the Seller to any assignment or transfer of this Agreement or of any interest hereunder by CMKI except as provided for in section "7.2" hereinabove.
12.3 SCHEDULES. The Schedules to this Agreement are hereby incorporated by reference into this Agreement in their entirety.
12.4 TIME OF THE ESSENCE. Time will be of the essence of this Agreement.
12.5 REPRESENTATION. It is hereby acknowledged by each of the Parties hereto that, as between the Parties herein and that the individuals comprising the Seller have each been advised by independent legal advice with respect to their respective reviews and execution of this Agreement.
12.6 APPLICABLE LAWS. This Agreement shall be deemed to have been made and entered into in the County of Clark, State of Nevada, provided, however, that the Seller and CMKI agree that the Province of Saskatchewan, Canada (situs of the Property), shall be the situs for any in rem proceedings, whether in law or equity, brought pursuant to this Agreement. Furthermore, the governing law of this Agreement shall be that of the State of Nevada, including its conflicts of laws.
12.7 FURTHER ASSURANCES. The Parties hereto hereby, jointly and severally, covenant and agree to forthwith, upon request, execute and deliver, or cause to be executed and delivered, such further and other deeds, documents, assurances and instructions as may be required by the Parties hereto or their respective counsel in order to carry out the true nature and intent of this Agreement. In addition, the Seller hereby agrees to execute any and all documentation as may be necessary in order to record CMKI's rights under this Agreement.
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Post by Franko10 ™ on Jan 30, 2005 18:32:47 GMT -5
12.8 CURRENCY. All payments required to be made pursuant to the provisions of this Agreement shall be made in lawful currency of the United States.
12.9 SEVERABILITY AND CONSTRUCTION. Each Article, section, paragraph, term and provision of this Agreement, and any portion thereof, shall be considered severable, and if, for any reason, any portion of this Agreement is determined to be invalid, contrary to or in conflict with any applicable present or future law, rule or regulation in a final non-appealable ruling issued by any court, agency or tribunal with valid jurisdiction in a proceeding to which any Party hereto is a party, that ruling shall not impair the operation of, or have any other effect upon, such other portions of this Agreement as may remain otherwise intelligible (all of which shall remain binding on the Parties and continue to be given full force and agreement as of the date upon which the ruling becomes final).
12.10 CAPTIONS. The captions, section numbers and Article numbers appearing in this Agreement and in any index hereto, if any, are inserted for convenience of reference only and shall in no way define, limit, construe or describe the scope or intent of this Agreement nor in any way affect this Agreement.
12.11 SURVIVAL. To the extent necessary to effectuate the intention of the parties, this Agreement shall survive (i) the exercise of the Option and the delivery of all deeds and other instruments at the Closing and (ii) the termination of this Agreement.
12.12 COUNTERPARTS. This Agreement may be signed by the Parties hereto in as many counterparts as may be necessary, each of which so signed shall be deemed to be an original, and such counterparts together shall constitute one and the same instrument and notwithstanding the date of execution will be deemed to bear the execution date as set forth on the front page of this Agreement.
12.13 MULTIPLE OWNERSHIP; GENDER. The term "Seller" as used in this Agreement applies individually and collectively to all owners of the Property executing this Agreement or counterparts of it. The obligations of the individuals that comprise the Seller as of the time of execution of this Agreement and hereafter shall be joint and several. The reference to the Seller in the neuter gender herein shall mean and refer to all Parties constituting the Seller, whether male, female, corporation, partnership, trust, estate or other entity.
12.14 CONSENTS AND WAIVERS. No consent or waiver expressed or implied by any Party in respect of any breach or default by any other Party in the performance by such Party of its obligations hereunder shall:
(a) be valid unless it is in writing and stated to be a consent or waiver pursuant to this section;
(b) be relied upon as a consent to or waiver of any other breach or default of the same or any other obligation;
(c) constitute a general waiver under this Agreement; or
(d) eliminate or modify the need for a specific consent or waiver pursuant to this section in any other or subsequent instance.
_______________________________________________
[This page has been left blank intentionally.]
IN WITNESS WHEREOF the Parties hereto have hereunto set their respective hands and seals in the presence of their duly authorized signatories effective on the day and year first above written.
SIGNED, and DELIVERED by
CASAVANT MINING KIMBERLITE INTERNATIONAL INC. (formerly Cyber Mark International Corp.)
By: /s/Ian McIntyre Authorized Signatory
SIGNED, and DELIVERED by
URBAN CASAVANT
URBAN CASAVANT, AGENT
CAROLYN CASAVANT
CAROLYN CASAVANT, AGENT
BUCKSHOT HOLDINGS LTD.
COMMANDO HOLDINGS LTD.
101010307 SASKATCHEWAN LTD.
101012190 SASKATCHEWAN LTD.
101027101 SASKATCHEWAN LTD.
MORGAIN MINERALS INC. (OPTION GRANTOR)
FORT A LA CORNE DIAMOND FIELDS, INC.
By: /s/Urban Casavant Authorized Signatory
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Post by Franko10 ™ on Jan 30, 2005 18:33:11 GMT -5
NET PRODUCTION ROYALTY AGREEMENT
November 25, 2002
To Whom It May Concern:
For valuable consideration the sufficiency and amount of which is hereby acknowledged, Casavant Mining Kimberlite International Inc. (formerly Cyber Mark International Corp.), a Nevada corporation, hereby agrees to pay to Fort a la Corne Diamond Fields, Inc. and/or its assigns, a five percent (5%) Net Profit Interest Royalty or "NPI Royalty", based on the profit after allowing for costs directly related to production of the Mineral Claims identified in the CASAVANT CLAIMS PURCHASE AND EXPLORATION RIGHTS AGREEMENT SUBJECT TO FINDER'S ROYALTY WITH REGISTRATION RIGHTS AGREEMENT ANNEXED which is dated November 25, 2002 and to which this Agreement has been duly annexed.
It is further agreed that payments of the NPI Royalty will begin after payback of capital costs in connection with the Claims.
It is further agreed that the NPI Royalty Holder is not responsible for providing either capital or covering operating losses and/or environmental liabilities, if any should occur.
It is further agreed that this NPI Royalty Agreement may not be amended except in writing signed by all parties.
Finally, it is further agreed that this NPI Royalty Agreement shall be construed in accordance with the laws of the State of Nevada.
Sincerely,
CASAVANT MINING KIMBERLITE INTERNATIONAL, INC. (formerly Cyber Mark International Corp.), a Nevada Corporation
By:/s/ Ian McIntyre Authorized Corporate Signatory
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Post by Franko10 ™ on Jan 30, 2005 18:33:26 GMT -5
REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of November 25, 2002, by and among CASAVANT MINING KIMBERLITE INTERNATIONAL, INC. (formerly Cyber Mark International Corp.), a Nevada corporation, with its principal office located in Las Vegas, NV USA "Company"), and BUCKSHOT HOLDINGS LTD., COMMANDO HOLDINGS LTD., 101010307 SASKATCHEWAN LTD., 101012190 SASKATCHEWAN LTD., 101027101 SASKATCHEWAN LTD., FORT A LA CORNE DIAMOND FIELDS, INC., URBAN CASAVANT/CASAVANT FAMILY, and URBAN CASAVANT agent for PRE-MERGER SYNDICATE (the "Sellers").
WHEREAS:
In connection with the CASAVANT MINERAL CLAIMS PURCHASE AND EXPLORATION RIGHTS AGREEMENT, entered into by and among the parties hereto of even date herewith (the "Casavant Mineral Claims Agreement"), the Company has agreed to issue to the Sellers 2,800,000,000 shares of the Company's common stock, par value $0.001 per share (the "Common Stock").
To induce the Sellers to execute and deliver the Casavant Mineral Claims Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations there under, or any similar successor statute (collectively, the "1933 Act"), and applicable state securities laws.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the company and the Sellers hereby agree as follows:
1 DEFINITIONS. As used in this Agreement, the following terms shall have the following meanings:
a. "Person" means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or a governmental agency.
b. "Register," "registered," and "registration" refer to a registration effected by preparing and filing one or more Registration Statements (as defined below) in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule providing for offering of securities on a continuous or delayed basis ("Rule 415"), and the declaration or ordering of effectiveness of such Registration Statement(s) by the United States Securities and Exchange Commission (the "SEC").
c. "Registrable Securities" means the shares of Common Stock issuable to the Sellers pursuant to the Casavant Mineral Claims Agreement.
d. "Registration Statement" means a registration statement under the 1933 Act which covers the Registrable Securities.
2. REGISTRATION.
a. Mandatory Registration. The Company shall prepare and file with the SEC a Registration Statement covering the resale of all of the Registrable Securities within 30 days of completing its first post-merger audited financial statement. The Company shall cause such Registration Statement to be declared effective by the SEC on a best efforts basis and in connection therewith act with diligence at all times.
3. RELATED OBLIGATIONS.
a. The Company shall furnish the Sellers without charge, (i) one copy of such Registration Statement as declared effective by the SEC and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference, all exhibits and each preliminary prospectus, (ii) one copy of the final prospectus included in such Registration Statement and all amendments and supplements thereto (or such other number of copies as such Sellers may reasonably request) and (iii) such other documents as such Sellers may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned by such Sellers.
b. The Company shall use its best efforts to (i) register and qualify the Registrable Securities covered by a Registration Statement under such other securities or "blue sky" laws of such jurisdictions in the United States as any Sellers reasonably requests, including but not limited to the laws of the State of Nevada, (ii) prepare and file in Sellers' domicile (if necessary), such amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (w) make any change to its certificate of incorporation or by-laws, (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d), (y) subject itself to general taxation in any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify the Sellers of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or "blue sky" laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.
c. As promptly as practicable after becoming aware of such event or development, the Company shall notify the Sellers in writing of the happening of any event as a result of which the prospectus included in a Registration Statement, as then in effect, includes an untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (provided that in no event shall such notice contain any material, nonpublic information), and promptly prepare a supplement or amendment to such Registration Statement to correct such untrue statement or omission, and deliver one copy of such supplement or amendment to each of the Sellers. The Company shall also promptly notify the Sellers in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a Registration Statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to the Sellers by facsimile on the same day of such effectiveness), (ii) of any request by the SEC for amendments or supplements to a Registration Statement or related prospectus or related information, and (iii) of the Company's reasonable determination that a post-effective amendment to a Registration Statement would be appropriate.
d. The Company shall use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction within the United States of America and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Sellers of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.
e. At the reasonable request of any Sellers, the Company shall furnish to such Sellers, on the date of the effectiveness of the Registration Statement and thereafter from time to time on such dates as an Sellers may reasonably request (i) a letter, dated such date, from the Company's independent certified public accountants in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, and (ii) an opinion, dated as of such date, of counsel representing the Company for purposes of such Registration Statement, in form, scope and substance as is customarily given in an underwritten public offering, addressed to the Sellers.
f. At the reasonable request of the Sellers, the Company shall make available for inspection by (i) any Sellers and (ii) one firm of accountants or other agents retained by the Sellers (collectively, the "Inspectors") all pertinent financial and other records, and pertinent corporate documents and properties of the Company (collectively, the "Records"), as shall be reasonably deemed necessary by each Inspector, and cause the Company's officers, directors and employees to supply all information which any Inspector may reasonably request; provided, however, that each Inspector shall agree, and the Sellers hereby agrees, to hold in strict confidence and shall not make any disclosure (except to an Sellers)or use of any Record or other information which the Company determines in good faith to be confidential, and of which determination the Inspectors are so notified, unless (a) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in any Registration Statement or is otherwise required under the 1933 Act, (b) the release of such Records is ordered pursuant to a final, non-appealable subpoena or order from a court or government body of competent jurisdiction, or (c) the information in such Records has been made generally available to the public other than by disclosure in violation of this or any other agreement of which the Inspector and the Sellers has knowledge. The Sellers agrees that it shall, upon learning that disclosure of such Records is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the Records deemed confidential.
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Post by Franko10 ™ on Jan 30, 2005 18:33:43 GMT -5
g. The Company shall hold in confidence and not make any disclosure of information concerning an Sellers provided to the Company unless (i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, or (iv) such information has been made generally available to the public other than by disclosure in violation of this Agreement or any other agreement. The Company agrees that it shall, upon learning that disclosure of such information concerning an Sellers is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to such Sellers and allow such Sellers, at the Investor's expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, such information.
h. The Company shall use its best efforts either to cause all the Registrable Securities covered by a Registration Statement (i) to be listed on each securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted under the rules of such exchange or (ii) if the Company satisfies the applicable listing requirements, secure designation and quotation of all the Registrable Securities covered by the Registration Statement on the Nasdaq National Market or The Nasdaq SmallCap Market or, if, despite the Company's best efforts to satisfy the preceding clause (i) or (ii), the Company is unsuccessful in satisfying the preceding clause (i) or (ii), to secure the inclusion for quotation on the National Association of Securities Dealers, Inc. OTC Bulletin Board for such Registrable Securities. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(j).
i. The Company shall cooperate with the Sellers and, to the extent applicable, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration Statement and enable such certificates to be in such denominations or amounts, as the case may be, as the Sellers may reasonably request and registered in such names as the Sellers may request, subject to Section 3.12 of the Casavant Mineral Claims Agreement.
j. The Company shall use its best efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable Securities.
k. The Company shall make generally available to its security holders as soon as practical, but not later than 90 days after the close of the period covered thereby, an earnings statement (in form complying with the provisions of Rule 158 under the 1933 Act) covering a twelve-month period beginning not later than the first day of the Company's fiscal quarter next following the effective date of the Registration Statement.
l. The Company shall otherwise use its best efforts to comply with all applicable rules and regulations of the SEC in connection with any registration hereunder.
m. Within two (2) business days after a Registration Statement which covers Registrable Securities is ordered effective by the SEC, the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to the Sellers whose Registrable Securities are included in such Registration Statement) confirmation that such Registration Statement has been declared effective by the SEC in the form attached hereto as Exhibit "A-1".
n. The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Sellers of Registrable Securities pursuant to a Registration Statement.
4. OBLIGATIONS OF THE SELLERS.
The Sellers agree that all registered securities shall be subject to a 180 day lock-up agreement following the effective date of the registration of said securities with the SEC and, thereafter, that said securities shall be subject to a share pooling agreement whereby the Sellers agree that each individual Seller will not sell more than ten (10%) of said securities issued to said Seller in any give calendar month following the lock-up period. The Sellers acknowledge and agree that the lock-up period and share pooling agreement is reasonable, intended to provide for an orderly market, and otherwise is in the best interest of the Company and its shareholders.
5. EXPENSES OF REGISTRATION.
All expenses incurred in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications fees, printers, legal and accounting fees shall be paid by the Company.
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Post by Franko10 ™ on Jan 30, 2005 18:34:11 GMT -5
6. INDEMNIFICATION.
With respect to Registrable Securities which are included in a Registration Statement under this Agreement:
a. To the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend each Sellers, the directors, officers, partners, employees, agents, representatives of, and each Person, if any, who controls any Sellers within the meaning of the 1933 Act or the 1934 Act (each, an "Indemnified Person"), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys' fees, amounts paid in settlement or expenses, joint or several (collectively, "Claims") incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto ("Indemnified Damages"), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in a Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other "blue sky" laws of any jurisdiction in which Registrable Securities are offered ("Blue Sky Filing"), or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading; (ii) any untrue statement or alleged untrue statement of a material fact contained in any final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were made, not misleading; or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation, any state securities law, or any rule or regulation there under relating to the offer or sale of the Registrable Securities pursuant to a Registration Statement (the matters in the foregoing clauses (i) through (iii) being, collectively, "Violations"). The Company shall reimburse the Sellers and any controlling person promptly as such expenses are incurred and are due and payable, for any legal fees or disbursements or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a): (x) shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company by such Indemnified Person expressly for use in connection with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; (y) shall not be available to the extent such Claim is based on a failure of the Sellers to deliver or to cause to be delivered the prospectus made available by the Company, if such prospectus was timely made available by the Company pursuant to Section 3(d); and (z) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer of the Registrable Securities by the Sellers pursuant to Section 9.
b. In connection with a Registration Statement, the Sellers agree to severally and not jointly indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6(a), the Company, each of its directors, each of its officers who signs the Registration Statement and each Person, if any, who controls the Company within the meaning of the 1933 Act or the 1934 Act (each an "Indemnified Party"), against any Claim or Indemnified Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or is based upon any Violation, in each case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information furnished to the Company by the Sellers expressly for use in connection with such Registration Statement; and, subject to Section 6(d), the Sellers will reimburse any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Sellers, which consent shall not be unreasonably withheld; provided, further, however, that the Sellers shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to the Sellers as a result of the sale of Registrable Securities pursuant to such Registration Statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the Registrable Securities by the Sellers pursuant to Section 9. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(b) with respect to any prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement or omission of material fact contained in the prospectus was corrected and such new prospectus was delivered to the Sellers prior to such Sellers' use of the prospectus to which the Claim relates.
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Post by Franko10 ™ on Jan 30, 2005 18:34:23 GMT -5
c. Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including any governmental action or proceeding)involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel reasonably satisfactory to the Indemnified Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses of not more than one counsel for such Indemnified Person or Indemnified Party to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and the indemnifying party. The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action.
d. The indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.
e. The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to the law.
7. CONTRIBUTION.
To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.
8. REPORTS UNDER THE 1934 ACT.
With a view to making available to the Sellers the benefits of Rule 144 promulgated under the 1933 Act or any similar rule or regulation of the SEC that may at any time permit the Sellers to sell securities of the Company to the public without registration ("Rule 144") the Company agrees to:
a. make and keep public information available, as those terms are understood and defined in Rule 144;
b. file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements and the filing of such reports and other documents as is deemed by the Company to be required for the applicable provisions of Rule 144; and
c. furnish to the Sellers so long as such Sellers owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Sellers to sell such securities pursuant to Rule 144 without registration.
9. ASSIGNMENT OF REGISTRATION RIGHTS.
Neither this Agreement nor any rights of the Sellers hereunder may be assigned to any other Person.
10. AMENDMENT OF REGISTRATION RIGHTS.
Provisions of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and Sellers. Any amendment or waiver effected in accordance with this Section 10 shall be binding upon the Sellers and the Company. No such amendment shall be effective to the extent that it applies to fewer than all of the holders of the Registrable Securities. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of this Agreement unless the same consideration also is offered to all of the parties to this Agreement.
11. MISCELLANEOUS.
a. A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable Securities.
b. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one business day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:
If to Sellers, to: Urban Casavant, Individually and Agent 1481 West Warm Springs Road Suite 133 Las Vegas, Nevada 89014
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