Document:

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                                                                    EXHIBIT 4.1

               BOSTON CAPITAL REAL ESTATE INVESTMENT TRUST, INC.

               AMENDED AND RESTATED DISTRIBUTION REINVESTMENT PLAN

                         EFFECTIVE AS OF AUGUST 4, 2006

BOSTON CAPITAL REAL ESTATE INVESTMENT TRUST, INC., a Maryland corporation
(the "Company"), has adopted this Amended and Restated Reinvestment
Distribution Plan (the "Reinvestment Plan") on the terms and conditions set
forth below.

1. Reinvestment of Distributions. Boston Capital Securities, Inc., the agent
(the "Reinvestment Agent") for participants (the "Participants") in the
Reinvestment Plan, will receive all cash distributions made by the Company with
respect to shares of common stock of the Company (the "Shares") owned by each
Participant (collectively, the "Distributions"). The Reinvestment Agent will
apply such Distributions as follows:

(a) Prior to the termination of the initial public offering of the Shares, the
Reinvestment Agent will invest Distributions in Shares at a price of $9.50 per
Share regardless of the price per Share paid by the Participant for the Shares
in which the Distributions are paid.

(b) After the termination of the initial public offing of the Shares, the price
per Share purchased under the Reinvestment Plan will be equal to ninety-five
(95%) of the "fair market value" of the Shares, as determined by the Company
from time to time. If a current appraisal of the property owned by the Company
or in which the Company has an interest has been performed, the Company's
determination of the "fair market value" may be based upon such appraisal, as
increased by the value of the Company's other assets, and reduced by the total
amount of the Company's other liabilities and, all as divided by the total
number of outstanding Shares. Upon the listing of the Shares on a national
securities exchange or on the NASDAQ National Market (a "Listing"), the
Reinvestment Agent may purchase Shares either through such market or directly
from the Company pursuant to a registration statement relating to the
Reinvestment Plan, in either case at a per Share price equal to the
then-prevailing market price on the national securities exchange or on the
NASDAQ National Market on which the Shares are listed at the date of purchase by
the Reinvestment Agent. In the event that, after Listing occurs, the
Reinvestment Agent purchases Shares on a national securities exchange or on the
NASDAQ National Market through a registered broker-dealer, the amount to be
reinvested will be reduced by any brokerage commissions and fees charged by such
registered broker-dealer.

 (c) For each Participant, the Reinvestment Agent will maintain a record which
shall reflect for each fiscal quarter the Distributions received by the
Reinvestment Agent on behalf of such Participant. The Reinvestment Agent will
use the aggregate amount of Distributions to all Participants for each fiscal
quarter to purchase Shares for the Participants. The purchased Shares will be
allocated among the Participants based on the portion of the aggregate
Distributions received by the Reinvestment Agent on behalf of each Participant,
as reflected in the records maintained by the Reinvestment Agent. The ownership
of the Shares purchased pursuant to the Reinvestment Plan shall be reflected on
the books of the Company or its transfer agent.

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 (d) Distributions shall be invested by the Reinvestment Agent in Shares
promptly following the payment date with respect to such Distributions to the
extent Shares are available. If sufficient Shares are not available,
Distributions shall be invested on behalf of the Participants in one or more
interest-bearing accounts in a commercial bank approved by the Company which is
located in the continental United States and has assets of at least
$100,000,000, until Shares are available for purchase, provided that any
Distributions that have not been invested in Shares within 30 days after such
Distributions are made by the Company shall be returned to Participants.

(e) The allocation of Shares among Participants may result in the ownership of
fractional Shares, computed to four decimal places.

(f) Distributions attributable to Shares purchased on behalf of the Participants
pursuant to the Reinvestment Plan will be reinvested in additional Shares in
accordance with the terms hereof.

(g) No certificates will be issued to a Participant for Shares purchased on
behalf of the Participant pursuant to the Reinvestment Plan. Participants in the
Reinvestment Plan will receive statements of account in accordance with Section
6 below.

2. Election to Participate. Registered owners of the Company's common stock may
participate in the Reinvestment Plan. If Shares are held by a Participant in the
name of a broker-dealer or nominee, a Participant must consult directly with the
broker-dealer or nominee holding the Shares to determine if such stockholder can
enroll in the Reinvestment Plan. If not, the Shares must be transferred to
ownership in the name of the stockholder in order to be eligible to participate
in the Reinvestment Plan. Further, a stockholder who wishes to participate in
the Reinvestment Plan may purchase shares through the Reinvestment Plan only
after receipt of a prospectus and any supplements thereto relating to the
Reinvestment Plan, which prospectus may also relate to a concurrent public
offering of Shares by the Company. Participation in the Reinvestment Plan will
commence with the next Distribution made after receipt of the Participant's
notice, provided it is received more than ten business days prior to the last
day of the month to which such Distribution relates. Subject to the preceding
sentence, regardless of the date of such election, a stockholder will become a
Participant in the Reinvestment Plan effective on the first day of the month
following such election, and the election will apply to all Distributions made
to such Participant and attributable to the month in which the stockholder makes
such written election to participate in the Reinvestment Plan and to all months
thereafter. A Participant who has terminated his participation in the
Reinvestment Plan pursuant to Paragraph 10 will be allowed to participate in the
Reinvestment Plan again upon receipt of a current version of a final prospectus
and any supplements thereto relating to participation in the Reinvestment Plan
which contains, at a minimum, the following: (i) the minimum investment amount;
(ii) the type or source of proceeds which may be invested; and (iii) the tax
consequences of the reinvestment to the Participant, by notifying the
Reinvestment Agent and completing any required forms. Boston Capital Holdings
Limited Partnership and its affiliates are not eligible to participate in the
Reinvestment Plan. Participants may have the full amount or a partial amount of
their Distributions with respect to all Shares owned by them reinvested in the
Reinvestment Plan.

3. Distribution of Funds. In making purchases for Participants' accounts, the
Reinvestment Agent may commingle Distributions attributable to Shares owned by
Participants in the Reinvestment Plan.

4. Proxy Solicitation. The Reinvestment Agent will distribute to Participants
proxy solicitation material received by it from the Company which is
attributable to Shares held in the Reinvestment Plan. The Reinvestment Agent
will vote any Shares that it holds for the account of a Participant in
accordance with the Participant's written instructions. In the absence of such
written instructions, if a Participant gives a proxy to person(s) representing
the Company covering Shares registered in the Participant's name, such proxy
will be deemed to be an instruction to the Reinvestment Agent to vote the full
Shares in the Participant's account in like manner. If a Participant does not
direct the Reinvestment Agent as to how the Shares should be voted and does not
give a proxy to person(s) representing the Company covering these Shares, the
Reinvestment Agent will not vote the Shares. Fractional shares will not be
voted.

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5. Absence of Liability. Neither the Company nor the Reinvestment Agent shall
have any responsibility or liability as to the value of the Company's Shares,
any change in the value of the Shares acquired for the Participant's account, or
the rate of return earned on, or the value of, the interest-bearing accounts, in
which Distributions are invested. Neither the Company nor the Reinvestment Agent
shall be liable for any act done in good faith, or for any good faith omission
to act, including, without limitation, any claims of liability (a) arising out
of the failure to terminate a Participant's participation in the Reinvestment
Plan upon such Participant's death prior to receipt of notice in writing of such
death and the expiration of 15 days from the date of receipt of such notice and
(b) with respect to the time and the prices at which Shares are purchased for a
Participant. Notwithstanding the foregoing, liability under the federal
securities laws cannot be waived. Similarly, the Company and the Reinvestment
Agent have been advised that in the opinion of certain state securities
commissioners, indemnification is also considered contrary to public policy and
therefore unenforceable.

6. Reports to Participants. Within 60 days after the end of each fiscal quarter,
the Reinvestment Agent will deliver to each Participant a statement of account
describing, as to such Participant, the Distributions received during the
quarter, the number of Shares purchased during the quarter, the per Share
purchase price for such Shares, and the total Shares purchased on behalf of the
Participant pursuant to the Reinvestment Plan. Tax information for income earned
on Shares under the Reinvestment Plan will be delivered to each participant by
the Company or the Reinvestment Agent at least annually.

7. Reinvestment Plan Expenses. In connection with Shares purchased by
Participants in the Reinvestment Plan, the Company will pay a dealer-manager fee
of 2.0%. Any interest earned on Distributions will be paid to the Company to
defray costs relating to the Reinvestment Plan. The Company shall be responsible
for all administrative charges and expenses charged by the Reinvestment Agent.

8. No Drawing. No Participant shall have any right to draw checks or drafts
against his account or give instructions to the Company or the Reinvestment
Agent except as expressly provided herein.

9. Taxes. Taxable Participants may incur a tax liability for Distributions made
with respect to such Participant's Shares, even though they have elected not to
receive their Distributions in cash but rather to have their Distributions held
in their account under the Reinvestment Plan.

10. Amendment, Supplement, Termination, and Suspension of the Reinvestment Plan.

(a) A Participant may terminate his participation in the Reinvestment Plan at
any time by written notice to the Reinvestment Agent. To be effective for any
Distribution, such notice must be received by the Reinvestment Agent at least
ten business days prior to the distribution payment date for any Distribution.

(b) The Company or the Reinvestment Agent may terminate a Participant's
individual participation in the Reinvestment Plan, and the Company may amend,
supplement or terminate the Reinvestment Plan itself, at any time by delivery of
written notice at least ten days' prior to the effective date of the amendment,
supplement or termination mailed to a Participant, or to all Participants, as
the case may be, at the address or addresses shown on their account or such more
recent address as a Participant may furnish to the Company in writing. Any
amendment or supplement shall be effective as to the Participant unless, prior
to its effective date, the Reinvestment Agent receives written notice of
termination of the Participant's account. The Company may suspend the
Reinvestment Plan at any time without notice to the Participants.

(c) After termination of the Reinvestment Plan or termination of a Participant's
participation in the Reinvestment Plan, the Reinvestment Agent will deliver to
each Participant (i) a statement of account in accordance with Section 6 hereof,
and (ii) a check for (a) the amount of any Distributions in the Participant's
account that have not been reinvested in Shares, and (b) the value of any
fractional Shares standing to the credit of a Participant's account based on the
market price of the Shares. The record books of the Company will be revised to
reflect the ownership of record of the Participant's full Shares and any future
Distributions made after the effective date of the termination will be sent
directly to the former Participant or deposited directly to their account.

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11. State Regulatory Restrictions. The Reinvestment Agent is authorized to deny
participation in the Reinvestment Plan to residents of any state which imposes
restrictions on participation in the Reinvestment Plan that conflict with the
general terms and provisions of the Reinvestment Plan.

12. Notice. Any notice or other communication required or permitted to be given
by any provision of this Reinvestment Plan shall be in writing and addressed,
if to the Company:

Investor Services Department
Boston Capital Real Estate Investment Trust, Inc. c/o Boston Capital Corporation
One Boston Place
Boston, MA 02108-4406

                          IF TO THE REINVESTMENT AGENT:

Boston Capital Securities, Inc.
One Boston Place
Boston, MA 02108-4406

or to such other addresses as may be specified by written notice to all
Participants. Notices to a Participant may be given by letter addressed to the
Participant at the Participant's last address of record with the Company. Each
Participant shall notify the Company promptly in writing of any change of
address.

13. Governing Law. THIS REINVESTMENT PLAN AND A PARTICIPANT'S ELECTION TO
PARTICIPATE IN THE REINVESTMENT PLAN SHALL BE GOVERNED BY THE LAWS OF THE STATE
OF MARYLAND; PROVIDED, HOWEVER, THAT CAUSES OF ACTION FOR VIOLATIONS OF FEDERAL
OR STATE SECURITIES LAWS SHALL NOT BE GOVERNED BY THIS SECTION 13.Filed by Automated Filing Services Inc. (604) 609-0244 - Silver Bell Resources, Inc. - Exhibit 10.1

ASSET PURCHASE AGREEMENT 

THIS AGREEMENT dated the 18th
day of April, 2006. 

BETWEEN: 

JAMES LAIRD 

(the “Vendor”)

OF THE FIRST PART 

AND: 

SILVER BELL RESOURCES
INC.

(the “Purchaser”)

OF THE SECOND PART

WHEREAS:

A.        The Vendor is the
registered and beneficial owner of various mineral claims (hereinafter the
“Claims”), collectively called SILVER BELL MINE. The Claims of the
Vendor are more particularly described in Schedule “A” attached hereto and
forming part of this Agreement;

B.        The Vendor has
agreed to sell and the Purchaser has agreed to purchase all of the Claims of the
Vendor in accordance with the terms of this Agreement.

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the terms and covenants herein and other good and valuable
consideration, the receipt and sufficiency of which each party acknowledges, the
parties hereto agree as follows:

1.        PURCHASE AND
SALE OF ASSETS

1.1     Sale of Assets. Subject to
the terms and conditions of this Agreement, the Vendor hereby sells, assigns and
transfers to the Purchaser, and the Purchaser hereby purchases the Vendor’s
Claims.

	1.2 	
      Purchase Price. The purchase price payable by the
      Purchaser to the Vendor for the Vendor’s Claims is USD $10,000 (the
      “Purchase Price”). If applicable, subject to a carried 3% Net
      Smelter Royalty as described in Appendix “A”.

	1.3 	
      Payment of the Purchase Price. The Purchase Price
      will be paid by the delivery of a cheque.

1.4      Delivery of Claims.
The Vendor delivers to the Purchaser, on execution hereof, all of the Claims
unconditionally and free and clear of all liens, charges, or encumbrances,
except where disclosed.

2.       
COVENANTS OF THE PARTIES

2.1      Covenants. The parties
undertake to keep the information with respect to this Agreement, the terms
herein, and any related, underlying or subsequent agreements (the
“Information”) confidential and not to directly or indirectly disclose
the Information at any time to any person or persons or use the Information for
any purpose whatsoever.

3.       
REPRESENTATIONS OF THE VENDOR

3.1      Representations. The
Vendor represents and warrants to the Purchaser as follows, with the intent that
the Purchaser will rely on the representations in entering into this Agreement,
and in concluding the purchase and sale contemplated by this Agreement:

	 	(a) 	
      Capacity to Sell. The Vendor is James Laird,
      having the power and capacity to own and dispose of the Claims, and to
      enter into this Agreement and carry out its terms to the full
    extent;

	 	 	 	 
	 	(b) 	
      Authority to Sell. The execution and delivery of
      this Agreement, and the completion of the transaction contemplated by this
      Agreement has been duly and validly authorized by all necessary corporate
      action on the part of the Vendor, and this Agreement constitutes a legal,
      valid and binding obligation of the Vendor enforceable against the Vendor
      in accordance with its terms except as may be limited by laws of general
      application affecting the rights of creditors;

	 	 	 	 
	 	(c) 	
      Sale Will Not Cause Default. Neither the execution
      and delivery of this Agreement, nor the completion of the purchase and
      sale contemplated by this Agreement will:

	 	 	 	 
	 		(i) 	
      violate any of the terms and provisions of the constating
      documents or bylaws or articles of the Vendor, or any order, decree,
      statute, bylaw, regulation, covenant, restriction applicable to the Vendor
      or the Claims;

	 	 	 	 
	 		(ii) 	
      give any person the right to terminate, cancel or
      otherwise deal with the Claims; or

	 		(iii) 	
      result in any fees, duties, taxes, assessments or other
      amounts relating to the Claims becoming due or payable other than tax
      payable by the Purchaser in connection with the purchase and
  sale;

	 	 	 	 
	 	(d) 	
      Encumbrances. The Vendor owns and possesses and
      has a good marketable title to the Claims free and clear of all legal
      claims, mortgages, liens, charges, pledges, security interest,
      encumbrances or other claims, except where as disclosed;

	 	 	 	 
	 	(e) 	
      Litigation. There is no litigation or
      administrative or governmental proceeding or inquiry pending or, to the
      knowledge of the Vendor, threatened against or relating to the Claims, nor
      does the Vendor know of or have reasonable grounds that there is any basis
      for any such action, proceeding or inquiry;

	 	 	 	 
	 	(f) 	
      No Defaults. Except as otherwise expressly
      disclosed in this Agreement there has not been any default in any
      obligation to be performed under any of the Claims, which are in good
      standing and in full force and appropriate effect; and

	 	 	 	 
	 	(g) 	
      Good Standing. Prior to closing this Agreement,
      the Vendor will maintain, as required, the Claims in good
  standing.

4.       
COVENANTS OF THE VENDOR

4.1      Procure Consents. The
Vendor will diligently and expeditiously take all reasonable steps requested by
the Purchaser to obtain all necessary consents to effect the transfer of the
Claims.

4.2      Covenant of Indemnity.
The Vendor will indemnify and hold harmless the Purchaser from and against:

	 	(a) 	
      any and all liabilities, whether accrued, absolute,
      contingent or otherwise, existing at closing and which are not agreed to
      be assumed by the Purchaser under this Agreement;

	 	 	 
	 	(b) 	
      any and all losses, claims, damages and costs incurred or
      suffered by the Purchaser arising out of the breach or inaccuracy of any
      representation or warranty of the Vendor contained in this Agreement;
      and

	 	 	 
	 	(c) 	
      any and all actions, suits, proceedings, demands,
      assessments, judgments, costs and legal and other expenses incident to any
      of the foregoing.

	4.3 	
      Execution of all necessary documents. The Vendor
      will execute all necessary documents including such assignments as the
      Purchaser may require to effect the transfer of all of the Claims,
      including but not limited to, internet contracts and internet
  names.

5.       
REPRESENTATIONS OF THE PURCHASER

5.1      Representations. The
Purchaser represents and warrants to the Vendor as follows, with the intent that
the Vendor will rely on these representations and warranties in entering into
this Agreement, and in concluding the purchase and sale contemplated by this
Agreement:

	 	(a) 	
      Status of Purchaser. The Purchaser is a
      corporation duly incorporated, validly existing and in good standing and
      has the power and capacity to enter into this Agreement and carry out its
      terms; and

	 	 	 
	 	(b) 	
      Authority to Purchase. The execution and delivery
      of this Agreement and the completion of the transaction contemplated by
      this Agreement has been duly and validly authorized by all necessary
      corporate action on the part of the Purchaser, and this Agreement
      constitutes a legal, valid and binding obligation of the Purchaser
      enforceable against the Purchaser in accordance with its terms except as
      limited by laws of general application affecting the rights of
      creditors.

	6. 	
      COVENANTS OF THE PURCHASER

	 	 
	6.1 	
      Consents. The Purchaser will at the request of the
      Vendor execute and deliver such applications for consent and such
      assumption agreements, and provide such information as may be necessary to
      obtain the consents referred to in paragraph 4.1 and will assist and
      cooperate with the Vendor in obtaining the consents.

	 	 
	6.2 	
      Execution of all necessary documents. The
      Purchaser will execute all necessary documents as the Vendor may require
      to effect the transfer of all of the Claims.

	 	 
	7. 	
      SURVIVAL OF REPRESENTATIONS AND
      COVENANTS

7.1      Vendor's Representations
and Covenants. All representations, covenants and agreements made by the
Vendor in this Agreement or under this Agreement will, unless otherwise
expressly stated, survive closing and any investigation at any time made by or
on behalf of the Purchaser will continue in full force and effect for the
benefit of the Purchaser.

7.2      Purchaser’s
Representations and Covenants. All representations, covenants and agreements
made by the Purchaser in this Agreement or under this Agreement will, unless
otherwise expressly stated, survive closing and any investigation at any time
made 

by or on behalf of the Vendor and will continue in full force
and effect for the benefit of the Vendor.

8.      
 LIABILITIES NOT ASSUMED

8.1      Liabilities Not
Assumed. The Purchaser will not assume any liabilities of the Vendor. The
Purchaser will not be responsible for any liability of the Vendor, past, present
or future, relating to the Claims, and the Vendor will indemnify and save
harmless the Purchaser from and against any such claim.

9.       
CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE
PURCHASER

9.1      Conditions. All
obligations of the Purchaser under this Agreement are subject to the fulfillment
of the following conditions:

	 	(a) 	
      Vendor's Representations. The Vendor’s
      representations contained in this Agreement will be true.

	 	 	 
	 	(b) 	
      Vendor’s Covenants. The Vendor will have performed
      and complied with all agreements, covenants and conditions as required by
      this Agreement.

	 	 	 
	 	(c) 	
      Consents. The Purchaser will have received duly
      executed copies of the consents or approvals referred to in paragraph
      4.1.

9.2      Exclusive Benefit. The
foregoing conditions are for the exclusive benefit of the Purchaser and any such
condition may be waived in whole or in part by the Purchaser delivering to the
Vendor a written waiver to that effect signed by the Purchaser.

10.     
CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE
VENDOR

10.1     Conditions. All obligations
of the Vendor under this Agreement are subject to the fulfillment of the
following conditions:

	 	(a) 	
      Purchaser's Representations. The Purchaser’s
      representations contained in this Agreement will be true.

	 	 	 
	 	(b) 	
      Purchaser’s Covenants. The Purchaser will have
      performed and complied with all covenants, agreements and conditions as
      required by this Agreement.

	 	 	 
	 	(c) 	
      Consents of Third Parties. All consents or
      approvals required to be obtained by the Vendor for the purpose of
      selling, assigning or transferring the Claims have been obtained, provided
      that this condition may only be

relied upon by the Vendor if the
Vendor has diligently exercised its best efforts to procure all such consents or
approvals and the Purchaser has not waived the need for all such consents or
approvals.

10.2     Exclusive Benefit. The
foregoing conditions are for the exclusive benefit of the Vendor and any such
condition may be waived in whole or in part by the Vendor delivering to the
Purchaser a written waiver to that effect signed by the Vendor.

	11. 	
      GENERAL

	 	 
	11.1 	
      Governing Law. This Agreement and each of the
      documents contemplated by or delivered under or in connection with this
      Agreement are governed exclusively by, and are to be enforced, construed
      and interpreted exclusively in accordance with the laws of British
      Columbia which will be deemed to be the proper law of the
  Agreement.

	 	 
	11.2 	
      Professional Fees. Each of the parties will bear
      the fees and disbursements of their respective lawyers, advisers and
      consultants engaged by them respectively in connection with the
      transactions contemplated by this Agreement prior to the
closing.

	 	 
	11.3 	
      Assignment. No party will assign this Agreement,
      or any part of this Agreement, without the prior written consent of the
      other party. Any purported assignment without the required consent is not
      binding or enforceable against any party.

	 	 
	11.4 	
      Enurement. This Agreement enures to the benefit of
      and binds the parties and their respective successors and permitted
      assigns.

	 	 
	11.5 	
      Notice. All notices required or permitted to be
      given under this Agreement will be in writing and personally delivered to
      the address of the intended recipient set out on the first page of this
      Agreement or at such other address as may from time to time be notified by
      any of the parties in the manner provided in this Agreement.

	 	 
	11.6 	
      Further Assurances. The parties will execute and
      deliver all further documents and take all further action reasonably
      necessary or appropriate to give effect to the provisions and intent of
      this Agreement and to complete the transactions contemplated by this
      Agreement.

	 	 
	11.7 	
      Remedies Cumulative. The rights and remedies under
      this Agreement are cumulative and are in addition to and not in
      substitution for any other rights and remedies available at law or in
      equity or otherwise. Any party to this Agreement may terminate this
      Agreement if any other party is in breach of or defaults under any
      material term or condition of this Agreement or has made a material
      misrepresentation in this Agreement. No single or partial exercise by a
      party of

		
      any right or remedy precludes or otherwise affects the
      exercise of any other right or remedy to which that party may be
      entitled.

	 	 
	11.8 	
      Entire Agreement. This Agreement constitutes the
      entire agreement between the parties and there are no representations,
      express or implied, statutory or otherwise and no collateral agreements
      other than as expressly set out or referred to in this
Agreement.

	 	 
	11.9 	
      Headings. The division of this Agreement into
      sections and the insertion of headings are for convenience only and do not
      form part of this Agreement and will not be used to interpret, define or
      limit the scope, extent or intent of this Agreement.

	 	 
	11.10 	
      Severability. Each provision of this Agreement is
      severable. If any provision of this Agreement is or becomes illegal,
      invalid or unenforceable, the illegality, invalidity or unenforceability
      of that provision will not affect the legality, validity or enforceability
      of the remaining provisions of this Agreement.

	 	 
	11.11 	
      Schedules. The Schedules attached hereto form an
      integral part of this Agreement.

	 	 
	11.12 	
      Time of the Essence. Time will be of the essence
      of this Agreement.

	 	 
	11.13 	
      Counterparts. This Agreement and all documents
      contemplated by or delivered in connection with this Agreement may be
      executed and delivered by facsimile or original and in any number of
      counterparts, and each executed counterpart will be considered to be an
      original. All executed counterparts taken together will constitute one
      agreement.

IN WITNESS WHEREOF the parties have duly executed this
Agreement by their duly authorized officers effective the first day and year
written above.

VENDOR: JAMES LAIRD

per: /s/ James Laird

PURCHASER: Silver Bell Resources Inc. 

Per: /s/ COLING JOHNSON

--------------------------------------
COLIN JOHNSON
President,
Secretary, Treasurer and Director
(Principal Executive Officer and Principal
Accounting Officer)

SCHEDULE “A”

THIS IS SCHEDULE “A” to the Asset
Purchase Agreement.

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