exh10_70.htm


Exhibit 10.70


 


BILL OF SALE


 


FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby expressly acknowledged, TITAN IRON ORE CORP., a Nevada corporation located at 125 E Campbell Ave, Campbell CA 95008 (“Titan”) hereby assigns, transfers and conveys to and WYOMEX LIMITED LIABILITY COMPANY, a Wyoming limited liability company located at P.O. Box 185 Cheyenne, Wyoming 82003-0185 (“Wyomex”), all of Titan’s right, title and interest in and to, any and all personal property located on or associated with the real property described on Exhibit A (“Real Property”), including but not limited to (i) certain unpatented lode mining claims listed on Exhibit B (the “Unpatented Mining Claims”); (ii) any and all personal property acquired for installation or use in connection with the Real Property, wherever located; (iii) any and all of Titan’s rights under contracts or other arrangements to acquire personal property for installation or use in connection with the Real Property; and (iv) any and all improvements and fixtures and appurtenances used in connection with the Real Property, including any stockpiled ore, rights of way, easements and all mining and mineral rights associated therewith (collectively, the “Property”).







Wyomex further covenants and agrees to indemnify and hold harmless Titan for, from and against any actions, suits, claims, and all costs and expenses asserted against or incurred by Titan in connection therewith, based upon or arising in connection with the Property occurring from and after the Effective Date.  Titan covenants and agrees to indemnify and hold harmless Wyomex for, from and against any actions, suits, claims, and all costs and expenses asserted against or incurred by Wyomex in connection with the Property occurring between March 30, 2012 and the Effective Date.


 


The parties hereto agree that after the date hereof, they shall take any and all actions necessary to preserve and give effect to the agreements set forth herein and will not take any action or agree to take any action in contravention thereof. In addition to, and in no way limiting the foregoing, from and after the Effective Date, Wyomex shall use best efforts and cooperate with Titan to have the Property assigned and transferred from Titan to Wyomex.


 


The provisions of this Bill of Sale shall be binding upon, and shall inure to the benefit of, the successors and assigns of both parties.


 







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IN WITNESS WHEREOF, Titan has executed this Bill of Sale as of May 7, 2014.


 


 




	 	

TITAN IRON ORE CORP.,


a Nevada corporation

	 
	 	 	 	 
	
 

	
By: 

	/s/ Frank Garcia	 
	 	 	Name: Frank Garcia 	 
	 	 	Title: CFO 	 
	 	 	 	 










 


 




  





  











  








Exhibit A


 


Real Property







The Real Property located in Albany County, Wyoming:








	
1.  

	
Leased Real Property:


 







Southwest Quarter of Section 22, Township 19 North, Range 71 West, 6th Principal Meridian, Albany County, Wyoming.








	
2.  

	
Unpatented Mining Claims Property:


 







An unorganized mining district in Sections 14 and 24, Township 19 North, Range 72 West, 6th Principal Meridian, Albany County, Wyoming, recorded in the Albany County Recorder and the authorized office of the Bureau of Land Management.






  





  











  








Exhibit B


 


Unpatented Mining Claims







The Unpatented Mining Claims consist of those certain unpatented lode mining claims situated in an unorganized mining district in Sections 14 and 24, Township 19 North, Range 72 West, 6th Principal Meridian, Albany County, Wyoming, recorded in the Albany County Recorder and the authorized office of the Bureau of Land Management as follows:








	
Claim Name

	
Location Date

	
County


Book

	
Records


Page

	
BLM Serial #


W MC & Location


	
VAN NO. 1

	
10-12-1976

	
256

	
946

	
127756 SW1⁄4 Sec. 24


	
VAN NO. 2

	
10-12-1976

	
256

	
947

	
127757 SW1⁄4 Sec. 24


	
VAN NO.3

	
10-12-1976

	
256

	
948

	
127758 SW1⁄4 Sec. 24


	
VAN NO. 4

	
10-12-1976

	
256

	
949

	
127759 SW1⁄4 Sec. 24


	
VAN NO. 5

	
10-12-1976

	
256

	
950

	
127760 SW1⁄4 Sec. 24


	
VAN NO. 6

	
10-12-1976

	
256

	
951

	
127761 SW1⁄4 Sec. 24


	
VAN NO. 7

	
10-12-1976

	
256

	
952

	
127762 SW1⁄4 Sec. 24


	
VAN NO. 8

	
10-12-1976

	
256

	
953

	
127763 SW1⁄4 Sec. 24


	
VAN NO. 9

	
10-12-1976

	
256

	
954

	
127764 SW1⁄4 Sec. 24


	
VAN NO. 10

	
10-12-1976

	
256

	
955

	
127765 SW1⁄4 Sec. 24


	
VAN NO. 11

	
10-12-1976

	
256

	
956

	
127766 SW1⁄4 Sec. 24


	
VAN NO. 12

	
10-12-1976

	
256

	
957

	
127767 SE1⁄4 Sec. 24


	  	  	  	  	  
	
TI NO. 15

	
10-12-1976

	
256

	
993

	
127744 NW1⁄4 Sec. 14


	
TI NO. 16

	
10-12-1976

	
256

	
993

	
127745 NE1⁄4 Sec. 14


	  	  	  	  	  
	  	  	
Document Number


 

	  
	
VAN 13

	
07-17-2005

	
2005-6333

	  	
268116 SE1⁄4 Sec. 24


	
VAN 14

	
07-17-2005

	
2005-6334

	  	
268117 SE1⁄4 Sec. 24


	
VAN 15

	
07-17-2005

	
2005-6335

	  	
268118 1⁄2 Sec. 24


	
VAN 16

	
07-17-2005

	
2005-6336

	  	
268119 1⁄2 Sec. 24


	
VAN 17

	
07-17-2005

	
2005-6337

	  	
268120 NW1⁄4 Sec 24


	
VAN 18

	
07-17-2005

	
2005-6338

	  	
268121 NW1⁄4 Sec 24


	
VAN 19

	
07-17-2005

	
2005-6339

	  	
268122 NW1⁄4 Sec 24


	
VAN 20

	
07-17-2005

	
2005-6340

	  	
268123 NW1⁄4 Sec 24


	
VAN 21

	
07-17-2005

	
2005-6341

	  	
268124 NW1⁄4 Sec 24


	
VAN 22

	
07-17-2005

	
2005-6342

	  	
268125 NW1⁄4 Sec 24


	
VAN 22

	
07-17-2005

	
2005-6343

	  	
268126 NE1⁄4 Sec 24


	
VAN 24

	
07-17-2005

	
2005-6344

	  	
268127 NE1⁄4 Sec 24












Note: The VAN Nos. 1-12 are included within Mineral Survey No. 605.