Document:

EXHIBIT 10.6

                            OPTION PURCHASE AGREEMENT
                            -------------------------

     This  Agreement  is made and  entered  into as of the 11th day of  January,
2008,  between HEB LLC  ("Selling  Shareholder"  or the  "Seller"),  a NVlimited
liability company,  and T Squared  Investments LLC, a Delaware limited liability
company, or its registered assigns ("Buyer").

                                    PREAMBLE
                                    --------

     Selling  Shareholder  desires to grant options to purchase  Shares ("Option
Shares") to Buyer, and Buyer desires to purchase from Selling Shareholder, up to
One Million Two Hundred Thousand  (1,200,000) Shares of MB Software  Corporation
(the "Company") common stock held by Selling  Shareholder.  Selling  Shareholder
also agrees to use their reasonable efforts to cause the Company to register the
Option Shares acquired by Buyer pursuant hereto in order to permit Buyer to sell
its Option  Shares  publicly  in the  future.  Therefore,  with the intent to be
legally bound, the parties agree as follows:

                                    AGREEMENT
                                    ---------

     1.1 Sale of Option Shares ("Option 1"). Selling Shareholder hereby grant to
Buyer,  for a period of thirty-six (36) months,  or twenty-four (24) months post
registration going effective,  whichever longer, ("Option 1 Period"), the option
to purchase up to Three Hundred  Thousand  (300,000)  Shares at the price of One
Dollar  ($1.00) per Share,  or a total of up to Three Hundred  Thousand  Dollars
($300,000)  representing  the purchase  price of the Shares  covered by Option 1
(the "Option 1 Shares Payment"). The Selling Shareholder, upon execution of this
Agreement,  shall deposit the shares underlying the Option Shares with an escrow
agent for the  duration of the Option 1 Period.  Upon  exercise of Option 1, the
Buyer shall send a check or wire for the Shares  Payment  payable to the account
of the escrow  agent,  who will then  immediately  take action to cause to be to
delivered  to  Buyer  as  soon as  reasonably  possible  a stock  certificate(s)
representing  the  Shares  either  in the name of T Squared  Investments  LLC or
accompanied by stock powers duly endorsed under medallion signature  guaranties.
There should also be  delivered to the Buyer an opinion of counsel  addressed to
the  Company,  the  transfer  agent,  and the  Buyer,  that  the  Shares  may be
transferred  without  compliance with the registration  requirements of the 1933
Act and of any  applicable  state  securities  laws. The Option 1 Shares Payment
shall be  released  from the escrow to the  Selling  Shareholders  upon  Buyer's
receipt of the Shares covered by Option 1.

     1.2 Sale of Option Shares ("Option 2"). Selling Shareholder hereby grant to
Buyer,  for a period of thirty-six (36) months,  or twenty-four (24) months post
registration going effective,  whichever longer, ("Option 2 Period"), the option
to purchase up to Three Hundred  Thousand  (300,000)  Shares at the price of One
Dollar and Fifty Cents  ($1.50) per Share,  or a total of up to Four Hundred and
Fifty Thousand Dollars ($450,000)  representing the purchase price of the Shares
covered by Option 2 (the "Option 2 Shares  Payment").  The Selling  Shareholder,
upon execution of this Agreement, shall deposit the shares underlying the Option
Shares  with an  escrow  agent for the  duration  of the  Option 2 Period.  Upon
exercise  of  Option  2, the  Buyer  shall  send a check or wire for the  Shares
Payment  payable to the account of the escrow agent,  who will then  immediately
take action to cause to be to delivered to Buyer as soon as reasonably  possible
a stock  certificate(s)  representing the Shares either in the name of T Squared
Investments  LLC or accompanied  by stock powers duly endorsed  under  medallion
signature guaranties.  There should also be delivered to the Buyer an opinion of
counsel  addressed to the Company,  the transfer agent, and the Buyer,  that the
Shares may be transferred without compliance with the registration  requirements
of the 1933 Act

<PAGE>

and of any applicable  state  securities laws. The Option 2 Shares Payment shall
be released from the escrow to the Selling  Shareholders upon Buyer's receipt of
the Shares covered by Option 2.

     1.3 Sale of Option Shares ("Option 3"). Selling Shareholder hereby grant to
Buyer,  for a period of thirty-six (36) months,  or twenty-four (24) months post
registration going effective,  whichever longer, ("Option 3 Period"), the option
to purchase up to Three Hundred  Thousand  (300,000)  Shares at the price of Two
Dollars  ($2.00)  per Share,  or a total of up to Six Hundred  Thousand  Dollars
($600,000)  representing  the purchase  price of the Shares  covered by Option 3
(the "Option 3 Shares Payment"). The Selling Shareholder, upon execution of this
Agreement,  shall deposit the shares underlying the Option Shares with an escrow
agent for the  duration of the Option 3 Period.  Upon  exercise of Option 3, the
Buyer shall send a check or wire for the Shares  Payment  payable to the account
of the escrow  agent,  who will then  immediately  take action to cause to be to
delivered  to  Buyer  as  soon as  reasonably  possible  a stock  certificate(s)
representing  the  Shares  either  in the name of T Squared  Investments  LLC or
accompanied by stock powers duly endorsed under medallion signature  guaranties.
There should also be  delivered to the Buyer an opinion of counsel  addressed to
the  Company,  the  transfer  agent,  and the  Buyer,  that  the  Shares  may be
transferred  without  compliance with the registration  requirements of the 1933
Act and of any  applicable  state  securities  laws. The Option 3 Shares Payment
shall be  released  from the escrow to the  Selling  Shareholders  upon  Buyer's
receipt of the Shares covered by Option 3.

     1.4 Sale of Option Shares ("Option 4"). Selling Shareholder hereby grant to
Buyer,  for a period of thirty-six (36) months,  or twenty-four (24) months post
registration going effective,  whichever longer, ("Option 4 Period"), the option
to purchase up to Three Hundred  Thousand  (300,000)  Shares at the price of Two
Dollars and Fifty Cents ($2.50) per Share, or a total of up to Seven Hundred and
Fifty Thousand Dollars ($750,000)  representing the purchase price of the Shares
covered by Option 4 (the "Option 4 Shares  Payment").  The Selling  Shareholder,
upon execution of this Agreement, shall deposit the shares underlying the Option
Shares  with an  escrow  agent for the  duration  of the  Option 4 Period.  Upon
exercise  of  Option  4, the  Buyer  shall  send a check or wire for the  Shares
Payment  payable to the account of the escrow agent,  who will then  immediately
take action to cause to be to delivered to Buyer as soon as reasonably  possible
a stock  certificate(s)  representing the Shares either in the name of T Squared
Investments  LLC or accompanied  by stock powers duly endorsed  under  medallion
signature guaranties.  There should also be delivered to the Buyer an opinion of
counsel  addressed to the Company,  the transfer agent, and the Buyer,  that the
Shares may be transferred without compliance with the registration  requirements
of the 1933 Act and of any applicable state securities laws. The Option 4 Shares
Payment  shall be  released  from the escrow to the  Selling  Shareholders  upon
Buyer's receipt of the Shares covered by Option 4.

     1.5 Exercise of Option  Shares.  Buyer shall  complete an attached "Form of
Election to  Purchase"  and follow the  procedures  outlined in Sections 2.1 and
2.2,  as  applicable,  for the  exercise of the Option  Shares.  Notwithstanding
anything in this Agreement to the contrary, it is understood and agreed that:

          (i) if the  certificates  and  executed  stock  powers  required to be
     delivered to Buyer in connection with the exercise of any Option  hereunder
     have not been received by Buyer within ten (10) days  following the receipt
     of the purchase price by the escrow agent, the exercise of the Option will,
     at the  written  election  of Buyer,  be voided and the full  amount of the
     Purchase Price paid to the escrow agent shall be returned to Buyer.  Notice
     of such written election to void such Option exercise shall be delivered to
     the Selling Shareholders and escrow agent promptly.

<PAGE>

     1.6 Maximum  Exercise.  The Buyer  shall not be  entitled to exercise  this
Option on a Date of Exercise in connection  with that number of shares of Common
Stock  which would be in excess of the sum of (i) the number of shares of Common
Stock  beneficially  owned by the Buyer and its  affiliates on an exercise date,
and (ii) the number of shares of Common Stock issuable upon the exercise of this
Option with respect to which the  determination of this limitation is being made
on an exercise date, which would result in beneficial ownership by the Buyer and
its  affiliates of more than 4.9% of the  outstanding  shares of Common Stock on
such date.  This  Section 1.4 may be waived or amended  only with the consent of
the Buyer and the consent of holders of a majority of the shares of  outstanding
Common  Stock of the Company  who are not  Affiliates.  For the  purposes of the
immediately preceding sentence,  the term "Affiliate" shall mean any person: (a)
that directly, or indirectly through one or more intermediaries, controls, or is
controlled  by,  or is  under  common  control  with,  the  Company;  or (b) who
beneficially  owns (i) any shares of convertible  preferred  stock,  (ii) common
stock purchase  warrants (iii)  convertible  debt, or (iv) any other convertible
security or derivative.  For the purposes of the immediately preceding sentence,
beneficial ownership shall be determined in accordance with Section 13(d) of the
Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.

     1.7  Shares.  Means the total  Option  Shares of the  Seller  sold to Buyer
pursuant to this Agreement.  As to any particular Option Shares, such securities
will cease to be Option  Shares  when the Buyer has  effectively  exercised  the
purchase  option for any or all of the Option  Shares  pursuant  to the terms of
this Agreement.

     1.8 Right To Include ("Piggy-Back") Option Shares. Provided that the Option
Shares  have not been  registered,  if at any time  after the date  hereof,  the
Selling  Shareholder  will use its  reasonable  efforts to propose to Company to
provide  piggy-back  rights  with  the  registration  of any  of  the  Company's
securities  under the 1933 Act (other than by a registration  in connection with
an acquisition in a manner which would not permit  registration of Option Shares
for sale to the public, on Form S-8, or any successor form thereto, on Form S-4,
or any successor form thereto), on an underwritten basis (either best-efforts or
firm-commitment.

     1.9 Call by the Seller.  This Option contains a callable feature  requiring
the automatic  exercise at any time prior to the  Expiration  Date if the volume
weighted  average public market price of the Company's  common stock is equal to
or in  excess  of the  callable  price of $3.50 per share for a period of twenty
(20) consecutive days and if there is an effective registration in place for the
shares underlying this Option.  Upon occurrence of the Automatic  Exercise,  the
Seller shall provide Buyer with notice of such Automatic Conversion  ("Automatic
Exercise  Notice").  Upon receipt of the Automatic  Exercise Notice,  Buyer must
exercise,  in whole or in part,  this Option  within ten (10) days. In the event
that this Option is  exercised,  Buyer must  deliver to Seller at its  principal
office, on or before 5:00 p.m.,  Eastern Time, on the required date, (i) Form of
Election to Purchase  properly  executed and completed by Buyer or an authorized
officer thereof, (ii) a check payable to the order of Seller, in an amount equal
to the product of the Exercise  Price  multiplied by the number of Option Shares
specified in the Exercise Notice,  and (iii) this Option. In no event may Seller
require  Buyer to exercise  any such  option  that would  force the  Investor to
violate the 4.9% provision in this Option.

     1.10 Expenses.  The Selling Shareholders will pay all Registration expenses
in connection with any registration required by Sections 1.8 herein.

<PAGE>

developments  the disclosure of which the Board of Directors of the Company,  in
its reasonable  judgment exercised in good faith,  believes would be detrimental
to the Company,  the Company may instruct the holders of Registrable  Securities
covered by the  Registration  Statement to suspend all sales of such  securities
for a period of up to 180 days (a  "Black-out  Period").  The  Black-out  Period
shall not  terminate  until such  holders  have been given notice by the Company
that  they may  resume  sales  under  the  Registration  Statement.  No sales of
Registrable  Securities  shall  be  made  by  the  holders  thereof  under  such
Registration  Statement  or  otherwise  during  such  Black-out  Period and such
holders shall keep  confidential  the fact of the Black-out Period and any facts
or circumstances related thereto of which they may have become aware.

     1.12  Representations  and Warranties of Selling  Shareholder.  The Selling
Shareholder hereby represents and warrants to Buyer as follows:

          (a) Such Selling  Shareholder has the full power and legal capacity to
     execute,  deliver and carry out the terms and  provisions of this Agreement
     and to consummate the transactions contemplated hereby.

          (b) Such Selling  Shareholder  is the lawful  owner of his/her  Option
     Shares  being  sold,  free  and  clear  of  any  liens,  pledges,  security
     interests,   prior  assignments  or  encumbrances  (except  for  applicable
     securities law restrictions and stock resale restrictive legend).

          (c)  Such  Selling  Shareholder  is an  officer  and  director  of the
     Company.

          (d) All material  information  concerning  the Company is set forth in
     the Company's reports and statements filed with the Securities and Exchange
     Commission  and those  reports and  statements do not misstate any material
     facts or omit to state any material facts  necessary to make the statements
     made in such reports and statements, in light of the circumstances in which
     they were made, not misleading.

          (e)  This  Agreement   constitutes  a  valid,   legally   binding  and
     enforceable obligation of such Selling Shareholder.

     1.13 Representations and Warranties of Buyer. Buyer represents and warrants
to the Selling Shareholders that:

          (a) Buyer is a  partnership  or other legally  recognized  entity duly
     organized, validly existing and in good standing under the Laws of State of
     Delaware,  and has all  requisite  power and  authority  to enter into this
     Agreement and perform its obligations  hereunder.  Buyer was not formed for
     the primary purpose of investing in the Option Shares.

          (b) The execution, delivery and performance of this Agreement by Buyer
     have been duly and effectively  authorized by all necessary  partnership or
     other  actions  of  Buyer  and  the   consummation   of  the   transactions
     contemplated   hereby  do  not  result  in  a  violation  of  Partnership's
     partnership  agreement or other  applicable  governing  terms or standards.
     This  Agreement  constitutes  a  valid,  legally  binding  and  enforceable
     obligation of Buyer.

          (c) Buyer is an "accredited  investor"  within the meaning of Rule 501
     of Regulation D of the Securities Act, is experienced in making investments
     of the kind contemplated by this Agreement,  has had access to all material
     information  related to the business and operations of the Company,  and is
     capable, by reason of its business and financial experience,  of evaluating
     the relative merits and risks of an investment in the Option Shares.

<PAGE>

          (d) The Option Shares are being  acquired by Buyer for its own account
     for  investment  purposes  only,  and  not  with a  view  to  the  sale  or
     distribution of any part thereof. Buyer understands that the offer and sale
     of the Option  Shares to Buyer  pursuant  to this  Agreement  have not been
     registered  under the 1933 Act or any applicable  state securities act, and
     that  none  of  these  securities  may be  resold  except  pursuant  to the
     Registration   Statement,   the   provisions  of  Rule  144  or  any  other
     transactions  which, in the opinion of counsel for the Company,  are exempt
     from the registration requirements of the 1933 Act and any applicable state
     securities  acts. Buyer agrees that a legend to this effect may be included
     on the certificates  evidencing the Shares delivered to it pursuant to this
     Agreement.

     1.14 Miscellaneous.

          (a) This Agreement  constitutes the entire  agreement,  and supersedes
     all prior agreements and understandings, whether oral or written, among the
     parties hereto with respect to the subject  matter  hereof.  This Agreement
     may be  amended  only by an  instrument  in  writing  signed by each of the
     parties to this Agreement.

          (b) This Agreement may be executed in any number of counterparts, each
     of which shall, when executed, be deemed to be an original and all of which
     shall be deemed to be one and the same instrument.  Delivery of an executed
     counterpart of a signature page to this Agreement by facsimile transmission
     shall be as effective  as delivery of a manually  executed  counterpart  of
     this Agreement.

          (c) Each of the parties hereto shall,  without further  consideration,
     execute and deliver to any other party hereto such instruments of transfer,
     and shall perform such other actions,  as such party may reasonably request
     to carry out the transactions contemplated hereby.

          (d) In case any one or more of the provisions of this Agreement  shall
     be invalid or unenforceable in any respect, the validity and enforceability
     of the remaining  terms and provisions of this  Agreement  shall not in any
     way be affected or impaired  thereby and the parties  will  attempt in good
     faith to agree  upon a valid and  enforceable  provision  which  shall be a
     commercially reasonably substitute therefore,  and upon so agreeing,  shall
     incorporate such substitute provision in this Agreement.

          (e) This  Agreement  shall be governed by,  construed  and enforced in
     accordance  with the internal laws of the State of New York without  regard
     to the principles of conflicts of law thereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

IN WITNESS  WHEREOF,  the parties  hereto have duly executed and delivered  this
Agreement on the date first written above.

                                                       HEB LLC

                                                       /s/ Scott Haire
                                                       ---------------
                                                       Name: Scott Haire
                                                       Title:

                                                       1/11/08
                                                       ---------------
                                                       Date

                                                       T SQUARED INVESTMENTS LLC

                                                       /s/ Thomas Sauve
                                                       ----------------
                                                       Name: Thomas M. Sauve
                                                       Title:  Managing Member

                                                       1/11/08
                                                       ----------------
                                                       Date

<PAGE>

                       FORM OF ELECTION TO PURCHASE OPTION

To be executed  by the Option  Shares  holder to exercise  the right to purchase
shares of MB  Software  Corporation  Common  Stock or its  successors  under the
foregoing Agreement.

 To:

In  accordance  with the  Agreement  enclosed  with  this  Form of  Election  to
Purchase,    the   undersigned    hereby    irrevocably   elects   to   purchase
_______________________  shares of Common  Stock  ("Common  Stock"),  $0.001 par
value,  of MB Software  Corporation  or its  successors  and  encloses__________
dollars  and___________cents  ($________________)  for each  Option  Share being
purchased or an aggregate of  ____________in  cash, wire, or official bank check
or checks.

The  undersigned  requests  that  certificates  for the  shares of Common  Stock
issuable upon this exercise be issued in the name of:

T Squared Investments LLC
c/o T Squared Capital LLC
1325 Sixth Avenue, Floor 28
New York, NY 10019

__________________________
(Tax Identification Number)

If the number of shares of Common Stock issuable upon this exercise shall not be
all of the shares of Common Stock which the  undersigned is entitled to purchase
in accordance  with the enclosed  Agreement,  the  undersigned  requests that an
amendment to the Agreement evidencing the right to purchase the shares of Common
Stock not issuable  pursuant to the exercise  evidenced  hereby be issued in the
name of and delivered to:

T Squared Investments LLC
c/o T Squared Capital LLC
1325 Sixth Avenue, Floor 28
New York, NY 10019

Dated:                                     Name of Options Shares Holder:
                                           (Print) ___________________________
                                           (By:)   ___________________________
                                           (Name:) ___________________________
                                           (Title:)___________________________PURCHASE AGREEMENT

PURCHASE AGREEMENT

THIS AGREEMENT made as of the 14___ day of January, 2008.

BETWEEN:

CHRISTIAN F. MURER , located at 1580 Lincoln Street, suite 580, Denver, Colorado, 80203

(the "Vendor")

OF THE FIRST PART

AND:

UTAH URANIUM CORP., a Nevada company, with an office located at Unit B-9, 11850 South Hwy 191, Moab, Utah, 84532

(the "Purchaser")

OF THE SECOND PART

WHEREAS:

A.

The Vendor is the legal and beneficial owner of a 100% interest (the “Vendor’s Interest”) in and to the mining claims described in Schedule A attached hereto (hereinafter the “Property”);

B.

The Vendor has agreed to sell an undivided 100% interest in and to the Vendor’s Interest in the Property on the terms and conditions hereinafter set forth;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the sum of $1.00 now paid by the Purchaser to the Vendor (the receipt and sufficiency of which is hereby acknowledged), the parties agree as follows:

DEFINITIONS

1.

For the purposes of this Agreement, the following words and phrases shall have the following meanings, namely:

(a)

"Property" means the mining claims described in Schedule "A" hereto including any replacement or successor claims, and all mining leases and other mining interests derived from any such claims.  Any reference herein to any mining claim comprising the Property includes any mining leases or other interests into which such mining claim may have been converted;

(b)

"Property Rights" means all licenses, permits, easements, rights-of-way, certificates and other approvals obtained by either of the parties either before or after the date of this Agreement and necessary for the exploration of the Property, or for the purpose of placing the Property into production or continuing production therefrom;

(c)

"Shares" means the common shares of the Purchaser trading on the OTC BB  (“Exchange”), to be transferred to the Vendor pursuant to paragraph 4 hereof.

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE VENDOR

2.

(a)

The Vendor represents and warrants to and covenants with the Purchaser, with the knowledge that the Purchaser relies upon same in entering into this Agreement, that:

(i)

it is legally entitled to hold the Vendor’s Interest in the Property and the Property Rights and will remain so entitled until the interest of the Vendor in the Property has been duly transferred to the Purchaser as contemplated hereby;

(ii)

it is, and at the time of the transfer to the Purchaser of the mining claims comprising the Property it will be, the recorded holder and beneficial owner of the Vendor’s Interest in all of the mining claims comprising the Property free and clear of all liens, charges and claims of others, and no taxes or rentals are or will be due in respect of any of the mining claims;

(iii)

the mining claims comprising the Property have been duly and validly staked, located, or granted, and recorded pursuant to the laws of jurisdictions in which they are situated and are in good standing with respect to all filings, fees, taxes, assessments, work commitments or other conditions on the date hereof;

(iv)

there are not any adverse claims or challenges against or to the ownership of or title to any of the mining claims comprising the Property, nor to the knowledge of the Vendor is there any basis therefor, and there are no outstanding agreements or options to acquire or purchase the Property or any portion thereof, and no person other than the Vendor, pursuant to the provisions hereof, has any royalty or other interest whatsoever in production from any of the mining claims comprising the Property; and

(v)

the Property is not the whole or substantially the whole of the undertaking of the Vendor. Vendor may have other mining claims in the area not subject to this agreement except for the first right of refusal as set forth herein.

(b)

The representations and warranties contained in this section are provided for the exclusive benefit of the Purchaser, and a breach of any one or more thereof may be waived by the Purchaser in whole or in part at any time without prejudice to its rights in respect of any other breach of the same or any other representation or warranty, and the representations and warranties contained in this section shall survive the execution of this Agreement and of any transfers, assignments, deeds or further documents respecting the Property.

REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PURCHASER

3.

(a)

The Purchaser represents and warrants to and covenants with the Vendor, with the knowledge that the Vendor relies upon same in entering into this Agreement, that:

(i)

it has been duly incorporated, amalgamated or continued and validly exists as a corporation in good standing with respect to the filing of annual reports under the laws of its jurisdiction of incorporation, amalgamation or continuation;

(ii)

it has duly obtained all corporate authoriza­tions for the execution of this Agreement and for the performance of this Agreement by it, and the consummation of the transactions herein contemplated will not conflict with or result in any breach of any covenants or agreements contained in, or constitute a default under, or result in the creation of any encumbrance under the provisions of the Articles of Incorporation or Bylaws or the operating documents of the Purchaser or any shareholders' or directors' resolution, indenture, agreement or other instrument whatsoever to which the Purchaser is a party or by which it is bound or to which it or the Property may be subject;

(iii)

the Shares will, at the time of delivery to the Vendor, be duly authorized and validly allotted and issued as fully paid and non-assessable, free of any liens, charges or encumbrances;

(iv)

on the date of receipt by the Vendor of the certificate or certificates representing the Shares, every consent, approval, and authorization that is required for the issuance of the Shares and the delivery to the Vendor of such certificate or certificates to be valid will have been obtained and will be in effect; and

(b)

The representations and warranties contained in this section are provided for the exclusive benefit of the Vendor and a breach of any one or more thereof may be waived by the Vendor in whole or in part at any time without prejudice to its rights in respect of any other breach of the same or any other representation or warranty, and the representations and warranties contained in this section shall survive the execution hereof. 

PURCHASE AND SALE

4.

The Vendor hereby sells and assigns and the Purchaser hereby purchases an undivided 100% interest in and to the Vendor’s Interest in the Property, free and clear of all charges, encumbrances and claims, by payment of and issuance of the following:

(a)

the Purchaser paying to the Vendor a total of $275,000 cash, to be paid as follows:

(i)

$75,000 upon execution of this agreement;

(ii)

$100,000 on or before January 15, 2009

(iii)

$100,000 on or before January 15, 2010;

(b)

the Vendor will receive 600,000 common shares of  the Purchaser as follows:

(i)

100,000 common shares of Purchaser due upon the execution of this agreement and payable within 45 days of execution of this Agreement;

(ii)

an additional 250,000 common shares of the Purchaser on or before January 15, 2009;

(iii)

an additional 250,000 common shares of the Purchaser on or before January 15, 2010

(c)

the purchaser agrees to expend $300,000 as a work commitment on the Property for the purpose of exploration of the Property within the next 24 months. Purchaser shall provide to Vendor copies of any and all data, drill core results, reports, maps, assay results and other relevant technical data as such information is made know or available to the Purchaser.

TRANSFER OF PROPERTY

5.

Concurrently with the execution of this Agreement, the Vendor will deliver to the Purchaser duly executed transfers of the Vendor’s Interest in the Property in favor of the Purchaser.  The Purchaser will be entitled to record all transfers contemplated hereby at its own cost with the appropriate government office to effect legal transfer of the Property into the name of the Purchaser and will hold the Vendor’s Interest in the Property subject to the terms of this Agreement. 

6.

The Purchaser agrees to execute a reassignment transfer of 100% of the Purchasers/Vendor’s Interest in the Property in favor of the Vendor, such transfers to be held in escrow by a mutually acceptable third party.  In the event of a termination hereof or a default hereof, such transfers shall be delivered to the Vendor free and clear of any and all offsets or claims by Purchaser with such transfers shall be returned to the Purchaser.  

TERMINATION

7.

The purchase of the Vendor’s Interest in the Property contemplated herein (the “Purchase”) shall terminate:

(a)

subject to paragraph 13 hereof, upon the Purchaser failing to make any payment or issue any shares which must be made or issued under this Agreement; 

(b)

at any time, by the Purchaser giving notice of such termination to the Vendor; or

(c)

subject to paragraph 13 hereof, upon the Purchaser failing to remedy a default as provided therein.

8.

If the Purchase is terminated, the Purchaser shall:

(a)

leave in good standing for a period of at least 12 months from the termination of the Purchase, those mining claims comprising the Property, to the extent allowable by the laws of the jurisdiction in which the Property is situate;

(b)

deliver or make available at no cost to the Vendor within 90 days of such termination, a written reassignment of all claims, all drill core, copies of all reports, maps, assay results and other relevant technical data compiled by, prepared at the direction of, or in the possession of the Purchaser with respect to the Property and not theretofore furnished to the Vendor;

(c)

reclaim the Property in accordance with the requirements of all applicable environmental laws and regulations, but only to the extent that such requirements result from the Purchaser’s activities on the Property hereunder;

9.

If the Purchase is terminated, the Purchaser shall have the right, within a period of 180 days following such termination, to remove from the Property all buildings, plant, equipment, machinery, tools, appliances and supplies which have been brought upon the Property by or on behalf of the Purchaser, and any such property not removed within such 180 day period shall thereafter become the property of the Vendor or may be removed by the Vendor at the Purchaser’s sole expense.

ROYALTY

10.

Upon the Commencement of Commercial Production, the Purchaser shall pay quarterly to the Vendor a four percent (4%) royalty payment on uranium U308 and a two percent (2%) royalty on vanadium on the terms and conditions as set out in paragraph 12 and 13 herein. The Purchaser can purchase two percent (2%) of the uranium royalty for the sum of $3,000,000 at any time prior to June 1, 2009

11.

Uranium Royalties: A royalty on all final U308 contained in natural uranium concentrate (U308) produced and sold or held for future sale from the ores extracted from the mining claims equal to four percent (4%) of the Uranium sales price based on the average of the market spot price indicators commonly in use by the industry at the time of production and milling processes of ores from the mining claims less the following (collectively, the “Deductions”): any State or local taxes on the value of the uranium sold, transportation costs from the mill to the converter, weighing and assaying charges at the converter, and any U308 penalties, surcharges or deductions levied by the converter. Each quarterly payment shall include a written report detailing the calculations of the royalty payment.

12.

Vanadium Royalties: A royalty on any and all final vanadium produced from the ores extracted from the mining claims equal to two percent (2%) of the vanadium sales price actually received by ‘Purchaser’ from the sale of such vanadium within 60 days following sale of such vanadium . Along with each payment Purchaser shall include a written report detailing the calculations of the royalty payment.

13.

Purchaser agrees to pay Vendor a yearly minimum royalty commencing June 1, 2010 of $300,000.00

DEFAULT

14.

If at any time after the Purchase, the Purchaser is in default of any material provision in this Agreement (other than the provisions of paragraph 4 for which no notice of default need be given), the Vendor may terminate this Agreement, but only if:

(a)

it shall have first given to the Purchaser a notice of default containing particulars of the obligation which the Purchaser has not performed, or the warranty breached; and

(b)

the Purchaser has not, within 45 days following delivery of such notice of default, cured such default or commenced proceedings to cure such default by appropriate payment or performance, the Purchaser hereby agreeing that should it so commence to cure any default it will prosecute the same to completion without undue delay.

Should the Purchaser fail to comply with the provision of subparagraph (b), the Vendor may thereafter terminate this Agreement by giving notice thereof to the Purchaser.

RIGHT OF ENTRY

15.

The directors and officers of the Purchaser and its servants, agents and independent contractors, will have the sole and exclusive right in respect of the Property to:

(a)

enter thereon;

(b)

have exclusive and quite possession thereof;

(c)

do such prospecting, exploration, development and/or other mining work thereon and thereunder as the Purchaser in its sole discretion may determine advisable;

(d)

bring and erect upon the Property buildings, plant, machinery and equipment as the Purchaser may deem advisable; and

(e)

remove there from and dispose of reasonable quantities of ores, minerals and metals for the purpose of obtaining assays or making other tests.

(f)

Vendor shall also have full rights and access to the property and workings of the mining operation during normal business hours. 

CONFIDENTIAL INFORMATION

16.

No information furnished by the Purchaser to the Vendor hereunder in respect of the activities carried out on the Property by the Purchaser or related to the sale of minerals, ore, bullion or other product derived from the Property, shall be published or disclosed by the Vendor without the prior written consent of the Purchaser, but such consent in respect of the reporting of factual data shall not be unreasonably withheld, and shall not be withheld in respect of information required to be publicly disclosed pursuant to applicable securities or corporation laws, regulations or policies.

NOTICES

17.

Each notice, demand or other communication required or permitted to be given under this Agreement shall be in writing and shall be delivered or telecopied to such party at the address for such party specified above.  The date of receipt of such notice, demand or other communication shall be the date of delivery thereof if delivered or, if given by telecopier, shall be deemed conclusively to be the next business day.  Either party may at any time and from time to time notify the other party in writing of a change of address and the new address to which notice shall be given to it thereafter until further change.

GENERAL

18.

(a)

This Agreement shall supersede and replace any other agreement or arrangement, whether oral or written, heretofore existing between the parties in respect of the subject matter of this Agreement.

(b)

In the event this Agreement is assigned or the interest herein is vended to another party, the agreement shall incorporate this Agreement and must reflect the terms and conditions of this Agreement.

(c)

No consent or waiver expressed or implied by either party in respect of any breach or default by the other in the performance by such other of its obligations hereunder shall be deemed or construed to be a consent to or a waiver of any other breach or default.

(d)

The parties shall promptly execute or cause to be executed all documents, deeds, conveyances and other instruments of further assurance and do such further and other acts which may be reasonably necessary or advisable to carry out fully the intent of this Agreement or to record wherever appropriate the respective interest from time to time of the parties in the Property.

2

SCHEDULE "A"

MINERAL CLAIMS

A.

23 Wild Claims in Wayne County, Utah (See Attached Map) known as 

UMC395535

UMC395536

UMC395537

UMC395538

UMC395539

UMC395540

UMC395541

UMC395542

UMC395543

UMC395544

UMC395545

UMC395546

UMC395547

UMC395548

UMC395549

UMC395550

UMC395551

UMC395552

UMC395553

UMC395554

UMC395555

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]