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EXHIBIT 10.34
 
FIRST AMENDED AND RESTATED CONVERTIBLE PROMISSORY NOTES
ISSUED TO ROBERT W. DUNLAP DATED JANUARY 1, 2007

 
 
 

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F I R S T   A M E N D E D   A N D   R E S T A T E D
C O N V E R T I B L E   P R O M I S S O R Y   N O T E

$31,048.62                                                                                                                                   
January 1, 2008
Denver, Colorado

FOR VALUE RECEIVED, PARK-PREMIER MINING COMPANY, a Utah corporation ("Maker"),
hereby promises to pay to the order of Robert W. Dunlap or his assigns
("Holder"), at 32391 Horseshoe Drive, Evergreen, Colorado 80439 or at such other
place Holder may from time to time designate in writing, on the “Maturity Date”
(defined below), in lawful money of the United States of America, the principal
sum of Thirty One Thousand Forty Eight and 62/100 US Dollars ($31,048.62),
together with interest commencing January 1, 2007 on the unpaid balance at the
rate of Twelve Percent (12%) per annum. “Maturity Date” means December 31,
2009.  This instrument amends, restates and replaces in full the Convertible
Promissory Note by Maker dated January 1, 2007 in the face amount of $31,048.62.

This Note may be converted, in whole or in part, into shares of Maker's common
stock at the conversion price of $.10 per share or such other conversion price
as the board of directors of Maker may deem appropriate, not in excess of $.10
per share, at any time prior to the full payment hereof, at the Holder's option.

This Note is subject to prepayment in whole or in part, upon ten (10) days prior
written notice to Holder, at the option of Maker without penalty but subject to
exercise of Holder’s conversion rights.  Prepayments shall be applied first to
collection expenses, interest accrued and then to principal due hereunder.

In case this Note shall not be paid in full whenever it shall become due, the
Maker agrees to pay all costs and expenses of collection, including reasonable
attorney's fees, not to exceed 15% of the unpaid balance.

All rights and obligations hereunder shall be governed by the laws of the State
of Colorado, without application of its choice or conflict of law principles. If
any part of the assets or capital stock of Maker is sold or transferred without
Holder’s prior written consent, except sales and transfers in the ordinary
course of business and except transfers by devise, descent or by operation of
law upon the death of a joint tenant: (1) Holder may, at Holder’s option,
declare all the sums due under this Note to be immediately due and payable, and
(2) if the sale or transfer involves substantially all of the assets of Maker,
the transferee shall be deemed to have assumed all of the obligations of Maker
under this Note. This Note is unsecured.

IN WITNESS WHEREOF, the Maker has signed this Note effective as of the date
first above written.

Description:  Unreimbursed Expenses
PARK-PREMIER MINING COMPANY

By:  /s/ Jeffrey L. Lee                                   
Jeffrey L. Lee, Vice-President

 
 

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F I R S T   A M E N D E D   A N D   R E S T A T E D
C O N V E R T I B L E   P R O M I S S O R Y   N O T E

$132,728.03                                                                                                                                             
January 1, 2008
Denver, Colorado

FOR VALUE RECEIVED, PARK-PREMIER MINING COMPANY, a Utah corporation ("Maker"),
hereby promises to pay to the order of Robert W. Dunlap or his assigns
("Holder"), at 32391 Horseshoe Drive, Evergreen, Colorado 80439 or at such other
place Holder may from time to time designate in writing, on the “Maturity Date”
(defined below) in lawful money of the United States of America, the principal
sum of One Hundred Thirty Two Thousand Seven Hundred Twenty Eight and 03/100 US
Dollars ($132,728.03), together with interest commencing January 1, 2007 on the
unpaid balance at the rate of Twelve Percent (12%) per annum. “Maturity Date”
means December 31, 2009.  This instrument amends, restates and replaces in full
the Convertible Promissory Note by Maker dated January 1, 2007 in the face
amount of $132,728.03.

This Note may be converted, in whole or in part, into shares of Maker's common
stock at the conversion price of $.10 per share or such other conversion price
as the board of directors of Maker may deem appropriate, not in excess of $.10
per share, at any time prior to the full payment hereof, at the Holder's option.

This Note is subject to prepayment in whole or in part, upon ten (10) days prior
written notice to Holder, at the option of Maker without penalty but subject to
exercise of Holder’s conversion rights.  Prepayments shall be applied first to
collection expenses, interest accrued and then to principal due hereunder.

In case this Note shall not be paid in full whenever it shall become due, the
Maker agrees to pay all costs and expenses of collection, including reasonable
attorney's fees, not to exceed 15% of the unpaid balance.

All rights and obligations hereunder shall be governed by the laws of the State
of Colorado, without application of its choice or conflict of law principles. If
any part of the assets or capital stock of Maker is sold or transferred without
Holder’s prior written consent, except sales and transfers in the ordinary
course of business and except transfers by devise, descent or by operation of
law upon the death of a joint tenant: (1) Holder may, at Holder’s option,
declare all the sums due under this Note to be immediately due and payable, and
(2) if the sale or transfer involves substantially all of the assets of Maker,
the transferee shall be deemed to have assumed all of the obligations of Maker
under this Note. This Note is unsecured.

IN WITNESS WHEREOF, the Maker has signed this Note effective as of the date
first above written.

Description:  Cash Advanced
PARK-PREMIER MINING COMPANY

By:  /s/ Jeffrey L. Lee                                       
Jeffrey L. Lee, Vice-President

 
 

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F I R S T   A M E N D E D   A N D   R E S T A T E D
C O N V E R T I B L E   P R O M I S S O R Y   N O T E

$559,618.50                                                                                                                                             
January 1, 2008
Denver, Colorado

FOR VALUE RECEIVED, PARK-PREMIER MINING COMPANY, a Utah corporation ("Maker"),
hereby promises to pay to the order of Robert W. Dunlap or his assigns
("Holder"), at 32391 Horseshoe Drive, Evergreen, Colorado 80439 or at such other
place Holder may from time to time designate in writing, in lawful money of the
United States of America, the principal sum of Five Hundred Fifty Nine Thousand
Six Hundred Eighteen and 50/100 US Dollars ($559,618.50), together with interest
commencing January 1, 2007 on the unpaid balance at the rate of Twelve Percent
(12%) per annum. “Maturity Date” means December 31, 2009.  This instrument
amends, restates and replaces in full the Convertible Promissory Note by Maker
dated January 1, 2007 in the face amount of $559,618.50.

This Note may be converted, in whole or in part, into shares of Maker's common
stock at the conversion price of $.10 per share or such other conversion price
as the board of directors of Maker may deem appropriate, not in excess of $.10
per share, at any time prior to the full payment hereof, at the Holder's option.

This Note is subject to prepayment in whole or in part, upon ten (10) days prior
written notice to Holder, at the option of Maker without penalty but subject to
exercise of Holder’s conversion rights.  Prepayments shall be applied first to
collection expenses, interest accrued and then to principal due hereunder.

In case this Note shall not be paid in full whenever it shall become due, the
Maker agrees to pay all costs and expenses of collection, including reasonable
attorney's fees, not to exceed 15% of the unpaid balance.

All rights and obligations hereunder shall be governed by the laws of the State
of Colorado, without application of its choice or conflict of law principles. If
any part of the assets or capital stock of Maker is sold or transferred without
Holder’s prior written consent, except sales and transfers in the ordinary
course of business and except transfers by devise, descent or by operation of
law upon the death of a joint tenant: (1) Holder may, at Holder’s option,
declare all the sums due under this Note to be immediately due and payable, and
(2) if the sale or transfer involves substantially all of the assets of Maker,
the transferee shall be deemed to have assumed all of the obligations of Maker
under this Note. This Note is unsecured.

IN WITNESS WHEREOF, the Maker has signed this Note effective as of the date
first above written.

Description:  Accrued Interest
PARK-PREMIER MINING COMPANY

By:   /s/ Jeffrey L. Lee                                     
Jeffrey L. Lee, Vice-President

 
 

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F I R S T   A M E N D E D   A N D   R E S T A T E D
C O N V E R T I B L E   P R O M I S S O R Y   N O T E

$121,510.68                                                                                                                                             
January 1, 2008
Denver, Colorado

FOR VALUE RECEIVED, PARK-PREMIER MINING COMPANY, a Utah corporation ("Maker"),
hereby promises to pay to the order of Robert W. Dunlap or his assigns
("Holder"), at 32391 Horseshoe Drive, Evergreen, Colorado 80439 or at such other
place Holder may from time to time designate in writing, in lawful money of the
United States of America, the principal sum of One Hundred Twenty One Thousand
Five Hundred Ten and 68/100 US Dollars ($121,510.68), together with interest
commencing January 1, 2007 on the unpaid balance at the rate of Twelve Percent
(12%) per annum. “Maturity Date” means December 31, 2009.  This instrument
amends, restates and replaces in full the Convertible Promissory Note by Maker
dated January 1, 2007 in the face amount of $121,510.68.

This Note may be converted, in whole or in part, into shares of Maker's common
stock at the conversion price of $.10 per share or such other conversion price
as the board of directors of Maker may deem appropriate, not in excess of $.10
per share, at any time prior to the full payment hereof, at the Holder's option.

This Note is subject to prepayment in whole or in part, upon ten (10) days prior
written notice to Holder, at the option of Maker without penalty but subject to
exercise of Holder’s conversion rights.  Prepayments shall be applied first to
collection expenses, interest accrued and then to principal due hereunder.

In case this Note shall not be paid in full whenever it shall become due, the
Maker agrees to pay all costs and expenses of collection, including reasonable
attorney's fees, not to exceed 15% of the unpaid balance.

All rights and obligations hereunder shall be governed by the laws of the State
of Colorado, without application of its choice or conflict of law principles. If
any part of the assets or capital stock of Maker is sold or transferred without
Holder’s prior written consent, except sales and transfers in the ordinary
course of business and except transfers by devise, descent or by operation of
law upon the death of a joint tenant: (1) Holder may, at Holder’s option,
declare all the sums due under this Note to be immediately due and payable, and
(2) if the sale or transfer involves substantially all of the assets of Maker,
the transferee shall be deemed to have assumed all of the obligations of Maker
under this Note. This Note is unsecured.

IN WITNESS WHEREOF, the Maker has signed this Note effective as of the date
first above written.

Description:  Fees Earned
PARK-PREMIER MINING COMPANY

By:   /s/ Jeffrey L. Lee                                       
Jeffrey L. Lee, Vice-President
 
 
 

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