Document:

Unassociated Document

    
      	
              CONFIDENTIAL
                LOAN AGREEMENT

            
	 	 
	
              Borrower:

            	
              Raven
                Gold Corp. (the “Company”)

            
	 	 
	
              Lender

            	
              Zander
                Investment Ltd (the “Lender”)

            
	 	
              16403
                - 87th St

            
	 	
              Osoyoos
                B.C., Canada VOH 1V2

            
	 	 
	
              Structure:

            	
              Loan
                (“LOAN”)

            
	 	 
	
              Date
                of Agreement:

            	
              May
                17, 2007 (the “Closing Date”)

            
	 	 
	
              Effective
                Date of 

            	 
	
              Agreement:

            	
              August
                11, 2006 (the “Effective Date”)

            
	 	 
	
              Principal:

            	
              $175,000
                USD

            
	 	 
	
              Period:

            	
              From
                Closing Date and until the Maturity Date (the “Term”)

            
	 	 
	
              Loan
                Due:

            	
              June
                28, 2007 (the “Maturity Date”)

            
	 	 
	
              Interest:

            	
              7%
                annually (“Interest”), to commence accruing on May 1,
                2007

            
	 	 
	
              Terms:

            	
              This
                Agreement is being entered into by the Company and the Lender in
                order to
                formalize the terms of the Loan made by the Lender to the Company
                on the
                Effective Date. The parties mutually acknowledge and agree that this
                Agreement is being entered into on the Closing Date, and that the
                Effective Date is the first date on which the Company had actual
                full
                right and legal authority to enter into, fully perform under, and
                be
                legally bound by this Agreement in accordance with its terms without
                violating the rights of any other person.

            
	 	 
	 	
              At
                the end of Term the Company shall arrange to pay the Lender principal
                plus
                Interest. Interest is calculated at 7% annually and shall commence
                accruing on May 1, 2007. At any time during the Term of this Agreement
                the
                Lender may at its discretion demand some or all of the principal
                plus owed
                interest.

            
	 	 
	
              Confidentiality:

            	
              The
                parties agree to keep this Agreement and its contents confidential
                and not
                to distribute it to, or discuss it with, any third party (other than
                the
                parties' legal and financial advisors, who shall be informed of the
                confidential nature of this document) without the prior express consent
                of
                the parties. Notwithstanding the foregoing, the Lender acknowledges
                and
                agrees that the Company shall file a Current Report on Form 8-K with
                the
                Securities and Exchange Commission (the "SEC"), upon the execution
                of this
                Agreement, setting forth the terms of this Agreement and filing a
                copy of
                this Agreement as an exhibit thereto. The Lender further acknowledges
                and
                agrees that the Company shall have the right to make any filing with
                the
                SEC or disclose the terms of this Agreement, without the prior approval
                of
                Lender if such disclosure is required by law, court order or the
                SEC rules
                or regulations.

            
	 	 
	
              The
                undersigned parties hereby represent and warrant that this term sheet
                has
                been duly authorized, executed and delivered.

            
	
               

               

               

            	 
	
              RAVEN
                GOLD CORP.

            	
              LENDER 

            
	 	 
	
              By:
                /s/
                Gary Haukeland

              
                

              

              Name:
                Gary Haukeland

            	
              By:
                /s/
                Leo Shull

              

              
                Name:
                  Leo Shull

              

            
	
              
                Title:
                  Chief Executive Officer

              

            	
              
                Title:
                  PresidentUnassociated Document

    PROMISSORY
      NOTE

    

    $200,000.00
      USD.
      Date: May 17, 2007

    

    

    FOR
      VALUE
      RECEIVED, RAVEN GOLD CORP. (the “Promissor”) hereby promises to pay to 1230144
      Alberta, Ltd., or such other holder for the time being hereof (the “Holder”),
      the principal amount of Two Hundred Thousand Dollars ($200,000.00) in United
      States currency (the “Principal Amount”), and to pay interest thereon at the
      rate of ten per cent (10%) per annum calculated annually from May 1, 2007,
      on so
      much of the Principal Amount as shall be outstanding from time to time, ON
      DEMAND. This Promissory Note is dated as of May 17, 2007, and shall be effective
      as of October 3, 2006.

    

    Time
      shall be of the essence of this Note. Extension of time for payment of all
      or
      any part of the amount owing hereunder at any time or times, or failure of
      the
      Holder to enforce any of the rights or remedies hereunder, shall not release
      the
      Promissor and shall not constitute a waiver of the rights of the Holder to
      enforce such rights and remedies thereafter.

    

    Should
      suit be brought to recover on this Note, the Promissor promises to pay
      reasonable attorney’s fees and court costs in addition to the amount found to be
      due on this Note.

    

    The
      Holder acknowledges and agrees that the Promissor is a public company having
      reporting obligations under the Securities Exchange Act of 1934, and that the
      Promissor shall file a Current Report on Form 8-K with the Securities and
      Exchange Commission (the “SEC”), upon the execution of this Note, setting forth
      the terms of this Note and filing a copy of this Note as an exhibit thereto.
      The
      Holder further acknowledges and agrees that the Promissor shall have the right
      to make any filing with the SEC or disclose the terms of this Note, without
      the
      prior approval of the Holder if such disclosure is required by law, court order
      or the SEC rules or regulations.

    

    IN
      WITNESS WHEREOF the Promissor has executed this Note on May 17,
      2007.

     

    
 

    

    RAVEN
      GOLD CORP.

    
 

    By:
      /s/
      Gary Haukeland

    
      
        

      

    

    Name:
      Gary Haukeland

    Title:
      Chief Executive OfficerUnassociated Document

    PROMISSORY
      NOTE

    

    $500,000.00
      USD.
      Date: May 17, 2007

    

    

    FOR
      VALUE
      RECEIVED, RAVEN GOLD CORP. (the “Promissor”) hereby promises to pay to COACH
      CAPITAL, LLC, or such other holder for the time being hereof (the “Holder”), the
      principal amount of Five Hundred Thousand Dollars ($500,000.00) in United States
      currency (the “Principal Amount”), and to pay interest thereon at the rate of
      ten per cent (10%) per annum calculated annually from May 1, 2007 on so much
      of
      the Principal Amount as shall be outstanding from time to time, ON DEMAND.
      This
      Promissory Note is dated as of May 17, 2007, and shall be effective as of
      October 5, 2006.

    

    Time
      shall be of the essence of this Note. Extension of time for payment of all
      or
      any part of the amount owing hereunder at any time or times, or failure of
      the
      Holder to enforce any of the rights or remedies hereunder, shall not release
      the
      Promissor and shall not constitute a waiver of the rights of the Holder to
      enforce such rights and remedies thereafter.

    

    Should
      suit be brought to recover on this Note, the Promissor promises to pay
      reasonable attorney’s fees and court costs in addition to the amount found to be
      due on this Note.

    

    The
      Holder acknowledges and agrees that the Promissor is a public company having
      reporting obligations under the Securities Exchange Act of 1934, and that the
      Promissor shall file a Current Report on Form 8-K with the Securities and
      Exchange Commission (the “SEC”), upon the execution of this Note, setting forth
      the terms of this Note and filing a copy of this Note as an exhibit thereto.
      The
      Holder further acknowledges and agrees that the Promissor shall have the right
      to make any filing with the SEC or disclose the terms of this Note, without
      the
      prior approval of the Holder if such disclosure is required by law, court order
      or the SEC rules or regulations.

    

    IN
      WITNESS WHEREOF the Promissor has executed this Note on May 17,
      2007.

    

    

    RAVEN
      GOLD CORP.

    
 

    By:
      /s/
      Gary Haukeland

    
      
        

      

    

    Name:
      Gary Haukeland

    Title:
      Chief Executive OfficerUnassociated Document

    PROMISSORY
      NOTE

    

    $500,000.00
      USD.
      Date: May 17, 2007

    

    

    FOR
      VALUE
      RECEIVED, RAVEN GOLD CORP. (the “Promissor”) hereby promises to pay to COACH
      CAPITAL, LLC, or such other holder for the time being hereof (the “Holder”), the
      principal amount of Five Hundred Thousand Dollars ($500,000.00) in United States
      currency (the “Principal Amount”), and to pay interest thereon at the rate of
      ten per cent (10%) per annum calculated annually from May 1, 2007, on so much
      of
      the Principal Amount as shall be outstanding from time to time, ON DEMAND.
      This
      Promissory Note is dated as of May 17, 2007, and shall be effective as of
      October 12, 2006.

    

    Time
      shall be of the essence of this Note. Extension of time for payment of all
      or
      any part of the amount owing hereunder at any time or times, or failure of
      the
      Holder to enforce any of the rights or remedies hereunder, shall not release
      the
      Promissor and shall not constitute a waiver of the rights of the Holder to
      enforce such rights and remedies thereafter.

    

    Should
      suit be brought to recover on this Note, the Promissor promises to pay
      reasonable attorney’s fees and court costs in addition to the amount found to be
      due on this Note.

    

    The
      Holder acknowledges and agrees that the Promissor is a public company having
      reporting obligations under the Securities Exchange Act of 1934, and that the
      Promissor shall file a Current Report on Form 8-K with the Securities and
      Exchange Commission (the “SEC”), upon the execution of this Note, setting forth
      the terms of this Note and filing a copy of this Note as an exhibit thereto.
      The
      Holder further acknowledges and agrees that the Promissor shall have the right
      to make any filing with the SEC or disclose the terms of this Note, without
      the
      prior approval of the Holder if such disclosure is required by law, court order
      or the SEC rules or regulations.

    

    IN
      WITNESS WHEREOF the Promissor has executed this Note on May 17,
      2007.

    

    

    RAVEN
      GOLD CORP.

    

    

    By:
      /s/
      Gary Haukeland

    
      
        

      

    

    Name:
      Gary Haukeland

    Title:
      Chief Executive Officer

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