Document:

Exhibit 4(m)

 

Trust Agreement for Capitol Trust XV

 

TRUST AGREEMENT

 

This
TRUST AGREEMENT, dated as of May 21 2008 (this “Trust Agreement”), among (i) Capitol Bancorp Ltd., a
Michigan corporation (the “Depositor”), (ii) Wells Fargo Delaware Trust
Company, as Delaware trustee (the “Delaware Trustee”), and (iii) Lee W.
Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, each an individual, as
trustees (each of such trustees an “Administrative Trustee” and together with
the Delaware Trustee, the “Trustees”). 
The Depositor and the Trustees hereby agree as follows:

 

1.                                       The
trust created hereby (the “Trust”) shall be known as “Capitol Trust XV” in
which name the Trustees, or the Depositor to the extent provided herein, may
engage in the transactions contemplated hereby, make and execute contracts, and
sue and be sued.

 

2.                                       The Depositor hereby assigns, transfers,
conveys and sets over to the Delaware Trustee the sum of Ten Dollars ($10.00).
The Delaware Trustee hereby acknowledges receipt of such amount in trust from
the Depositor, which amount shall constitute the initial trust estate. The
Delaware Trustee hereby declares that it will hold the trust estate in trust
for the Depositor. It is the intention of the parties hereto that the Trust
created hereby constitutes a Delaware statutory trust under Chapter 38 of Title
12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Delaware
Trust Act”), and that this document constitute the governing instrument of the
Trust. The Trustees are hereby authorized and directed to execute and file a
certificate of trust in the form attached hereto with the Delaware Secretary of
State in accordance with the provisions of the Delaware Trust Act.

 

3.                                       The Depositor and the Trustees will enter into an
Amended and Restated Trust Agreement, satisfactory to each such  party
and substantially in the form included as an exhibit to the 1933 Act
Registration Statement (as defined below), to provide for the contemplated
operation of the Trust created hereby and the issuance of Preferred Securities
and Common Securities to be referred to therein. Prior to the execution and
delivery of such Amended and Restated Trust Agreement, the Trustees shall not
have any duty or obligation hereunder or with respect to the trust estate,
except as otherwise required by applicable law and the Depositor shall take or cause to be taken any action as may
be necessary to obtain prior to such execution and delivery any licenses,
consents or approvals required by applicable law or otherwise.  The Delaware Trustee shall not have any duty
or obligation under or in connection with this Trust Agreement or any document
contemplated hereby, except as expressly provided by the terms of this Trust
Agreement, and no implied duties or obligations shall be read into this Trust
Agreement against the Delaware Trustee. 
The right of the Delaware Trustee to perform any discretionary act
enumerated herein shall not be construed as a duty.

 

4.                                       The Depositor, as the sponsor of the Trust,
is hereby authorized (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust,
(a) the Registration Statement on Form S-3 (the “1933 Act
Registration Statement”) (including any pre-effective or post-effective
amendments and supplements to the 1933 Act Registration Statement), relating to
the registration under

 

 

EXHIBIT 4(m) - 1

 

the Securities Act of 1933, as amended, of the Preferred Securities of the  Trust
and possibly certain other securities and (b) a Registration Statement on Form 8-A
(the “1934 Act Registration Statement”) (including all pre-effective and
post-effective amendments thereto) relating to the registration of the
Preferred Securities of the Trust under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”); (ii) to file with the New York Stock
Exchange or other national stock exchange or automated quotation system (each,
an “Exchange”) and execute on behalf of the Trust one or more listing
applications and all other applications, statements, certificates, agreements
and other instruments as shall be necessary or desirable to cause the Preferred
Securities to be listed on any of the Exchanges; (iii) to file and execute
on behalf of the Trust such applications, reports, surety bonds, irrevocable
consents, appointments of attorney for service of process and other papers and
documents as shall be necessary or desirable to register the Preferred
Securities under the securities or blue sky laws of such jurisdictions as the
Depositor, on behalf of the Trust, may deem necessary or desirable and (iv) to execute on behalf of the Trust
that certain Underwriting Agreement relating to the Preferred Securities, among
the Trust, the Depositor and the Underwriters named therein, substantially in
the form included as an exhibit to the 1933 Act Registration Statement or filed
with the Commission pursuant to the Exchange Act. In the event that any filing
referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky
laws, to be executed on behalf of the Trust by one or more of the Trustees,
each of the Trustees, in its or his capacity as a Trustee of the Trust, is
hereby authorized and, to the extent so required, directed to join in any such
filing and to execute on behalf of the Trust any and all of the foregoing, it
being understood that Wells Fargo Delaware Trust Company in its capacity as the
Delaware Trustee of the Trust shall not be required to join in any such filing
or execute on behalf of the Trust any such document unless required by the rules and
regulations of the Commission, the Exchange or state securities or blue sky
laws. In connection with the filings referred to above, the Depositor and Lee
W. Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, each as Trustees and
not in their individual capacities, hereby constitute and appoint Lee W.
Hendrickson, Bruce A. Thomas and Jeffrey D. Saunders, and each of them, as
their true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution, for the Depositor or such Trustee or in the
Depositor’s or such Trustees’ name, place and stead, in any and all capacities,
to sign any and all supplements and amendments (including post-effective
amendments) to the 1933 Act Registration Statement and the 1934 Act
Registration Statement and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said
attorneys-in-fact and agents full power and authority to do and perform each
and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as the Depositor or such
Trustee might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents or any of them, or their respective
substitute or substitutes, shall do or cause to be done by virtue hereof.

 

5.                                       This Trust Agreement may be executed in one
or more counterparts.

 

6.                                       The number of Trustees initially shall be
four (4) and thereafter the number of Trustees shall be such number as
shall be fixed from time to time by a written instrument signed

 

EXHIBIT 4(m) - 2

 

by the Depositor which may increase or decrease the number of Trustees;
provided, however, that to the extent required by the Delaware Trust Act, one
Trustee shall either be a natural person who is a resident of the State of
Delaware or, if not a natural person, an entity which has its principal place
of business in the State of Delaware and otherwise meets the requirements of
applicable Delaware law. Subject to the foregoing, the Depositor is entitled to
appoint or remove without cause any Trustee at any time. Any Trustee may resign
upon thirty (30) days’ prior notice to the Depositor.  The Delaware Trustee is authorized to take
such action or refrain from taking such action under this Trust Agreement as it
may be directed in writing by the Depositor from time to time; provided,
however, that the Delaware Trustee shall not be required to take or refrain
from taking any such action if the Delaware Trustee shall have reasonably
determined, or shall have been advised by counsel, that such performance is
likely to involve the Delaware Trustee in personal liability or is contrary to
the terms of this Trust Agreement or of any document contemplated hereby to
which the Trust or the Delaware Trustee is a party or is otherwise contrary to
law.  If at any time the Delaware Trustee
determines that it requires or desires guidance regarding the application of
any provision of this Declaration or any other document, or regarding
compliance with any direction it received hereunder, then the Delaware Trustee
may deliver a notice to the Depositor requesting written instructions as to the
course of action desired by the Depositor, and such instructions shall
constitute full and complete authorization and protection for actions taken and
other performance by the Delaware Trustee in reliance thereon.  Until the Delaware Trustee has received such
instructions after delivering such notice, it may refrain from taking any action
with respect to the matters described in such notice.

 

7.                                       This Trust Agreement shall be governed by,
and construed in accordance with, the laws of the State of Delaware (without
regard to conflict of laws principles), provided however, that there shall not
be applicable to the parties hereunder or this Trust Agreement any provision of
the laws (common or statutory) of the State of Delaware pertaining to trusts
that relate to or regulate, in a manner inconsistent with the terms hereof (a) the
filing with any court or governmental body or agency of trustee accounts or
schedules of trustee fees and charges, (b) affirmative requirements to
post bonds for trustees, officers, agent or employees of a trust, (c) the
necessity for obtaining court or other governmental approval concerning the
acquisition, holding or disposition of real or personal property, (d) fees
or other sums payable to trustees, officers, agent or employees of a trust, (e) the
allocation of receipts and expenditures to income or principal, (f) restrictions
or limitations on the permissible nature, amount or concentration of trust
investments or requirements relating to the titling, storage or other manner of
holding or investing trust assets or (g) the establishment of fiduciary or
other standards of responsibility or limitations on the acts or powers of
trustees that are inconsistent with the limitations or authorities and powers
of the trustees hereunder as set forth or referenced in this Trust
Agreement.  Section 3540 of Title 12
of the Delaware Code shall not apply to the Trust.

 

8.                                       Each party hereto (a) irrevocably
submits to the exclusive jurisdiction of any federal or state court sitting in
Wilmington, Delaware in respect of any action or proceeding arising out of or
related to in any manner whatsoever this Trust Agreement, (b) expressly
submits and consents in advance to such jurisdiction in any action or suit
commenced in

 

EXHIBIT 4(m) - 3

 

any such court, and hereby waives any objection such party may have
based upon lack of personal jurisdiction, improper venue or forum non
conveniens, (c) hereby waives personal service of the summons, complaint
and other process issued in any such action or suit and agrees that service of
such summons, complaint and other process may be made by registered or
certified mail addressed to it at its notice address previously provided to the
other party and that service so made shall be deemed completed upon the earlier
of such party’s actual receipt thereof or three (3) days after deposit in
the United States mails, proper postage prepaid.

 

9.                                       The Trustees (the “Fiduciary Indemnified
Persons”) shall not be liable, responsible or accountable in damages or
otherwise to the Trust, the Depositor, the Trustees or any holder of the Trust’s
securities (the Trust, the Depositor and any holder of the Trust’s securities
being a “Covered Person”) for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons
in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified
Persons reasonably believed to be within the scope of authority conferred on
the Fiduciary Indemnified Persons by this Trust Agreement or by law, except
that the Fiduciary Indemnified Persons shall be liable for any such loss,
damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross
negligence or willful misconduct with respect to such acts or omissions.

 

The Fiduciary Indemnified
Persons shall be fully protected in relying in good faith upon the records of
the Trust and upon such information, opinions, reports or statements presented
to the Trust by any person as to matters the Fiduciary Indemnified Persons
reasonably believe are within such other person’s professional or expert
competence and who has been selected with reasonable care by or on behalf of
the Trust, including information, opinions, reports or statements as to the
value and amount of the assets, liabilities, profits, losses, or any other
facts pertinent to the existence and amount of assets from which distributions
to holders of the Trust’s securities might properly be paid.

 

10.                                 The Depositor agrees, to the fullest extent
permitted by applicable law,

 

(a)                                  to indemnify and hold harmless each Fiduciary
Indemnified Person, or any of its officers, directors, shareholders, employees,
representatives or agents, from and against any loss, damage, liability, tax,
penalty, expense or claim of any kind or nature whatsoever incurred by the
Fiduciary Indemnified Persons by reason of the creation, operation or
termination of the Trust in a manner the Fiduciary Indemnified Persons
reasonably believed to be within the scope of authority conferred on the
Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary
Indemnified Persons shall be entitled to be indemnified in respect of any loss,
damage or claim incurred by the Fiduciary Indemnified Persons by reason of
gross negligence or willful misconduct with respect to such acts or omissions;

 

(b)                                 to advance expenses (including legal fees)
incurred by a Fiduciary Indemnified Person in defending any claim, demand,
action, suit or proceeding, from time to time, prior to the final disposition
of such claim, demand, action, suit or

 

EXHIBIT 4(m) - 4

 

proceeding, upon receipt by the Depositor of an undertaking by or on
behalf of such Fiduciary Indemnified Persons
to repay such amount if it  shall be determined that such
Fiduciary Indemnified Person is not entitled to be indemnified as authorized in
the preceding subsection; and

 

(c)                                  to reimburse each Fiduciary Indemnified
Person for all reasonable expenses (including reasonable fees and expenses of
counsel and other experts).

 

11.                                 The provisions of Section 10 shall
survive the termination of this Trust Agreement or the earlier resignation or
removal of the Fiduciary Indemnified Persons.

 

[SIGNATURE
PAGE TO FOLLOW]

 

EXHIBIT 4(m) - 5

 

IN
WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly
executed as of the day and year first above written.

 

	
   

  	
  CAPITOL
  BANCORP LTD., as

  	
   

  
	
   

  	
  Depositor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   Lee
  W. Hendrickson

  	
   

  
	
   

  	
   

  	
   Name:
  Lee W. Hendrickson

  	
   

  
	
   

  	
   

  	
   Title:
  Chief Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Wells
  Fargo Delaware Trust Company,

  	
   

  
	
   

  	
  as
  Delaware Trustee

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Tracy
  M. McLamb

  	
   

  
	
   

  	
   

  	
  Name:
  Tracy M. McLamb

  	
   

  
	
   

  	
   

  	
  Title:
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Lee W. Hendrickson

  	
  ,
  as

  
	
   

  	
  Administrative
  Trustee

  	
   

  
	
   

  	
  Name:
  Lee W. Hendrickson

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Bruce A. Thomas

  	
  ,
  as

  
	
   

  	
  Administrative
  Trustee

  	
   

  
	
   

  	
  Name:
  Bruce A. Thomas

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Jeffrey D. Saunders

  	
  ,
  as

  
	
   

  	
  Administrative
  Trustee

  	
   

  
	
   

  	
  Name:
  Jeffrey D. Saunders

  	
   

  
						

 

EXHIBIT 4(m) - 6marked8k051508ex10-1.htm

    
      

      

    

    ASSIGNMENT
AGREEMENT

    

    THIS
AGREEMENT is dated the 15th day of  May,
2008. 

    

    

    BETWEEN:    MAR KED MINERAL
EXPLORATION, Inc  a company duly incorporated inthe State of
Nevada and having an office at 800 Fifth Avenue Suite 4100, Seattle,Washington
98104

     

    ("MAR KED")

    

    
      AND:        COASTAL URANIUM HOLDINGS LTD.,
a company duly incorporated in the Province of British Columbia and
having a registered and records office at #2201 – 1255 Bidwell Street,
Vancouver, British Columbia,  V6G 2K8

    

    

    ("COASTAL”) 

    

    WHEREAS:

    

    
      	
              A.

            	
              COASTAL
      is party to a mineral property purchase and joint venture agreement (the
      “Maxore Agreement”) dated August 2, 2007 between itself and Maxore
      Minerals Corp. (“Maxore”) whereby it has the right and option to acquire
      an undivided 50% right, title and interest in and to certain mineral
      claims in the Athabasca region (the “Property”) as described more
      particularly in Schedule “A” attached
hereto.

            

    

    

    
      	
              B.

            	
              COASTAL
      wishes to assign to MAR KED, and MAR KED wishes to acquire, any and all
      interest of COASTAL in and to the Maxore Agreement as related to mineral
      claims S-110474 and S-110475 only (the “Assigned Properties”) in
      consideration of the issuance to COASTAL of 3,500,000 common shares
      of MAR KED and cash in amount of $ 250,000.00 payable to
      COASTAL or to the third party by COASTAL request  in further
      consideration of MAR KED assuming all financial obligations (including
      obligations to fund the joint venture under the Maxore Agreement) of
      COASTAL under the Maxore Agreement.

            

    

    

    
      	
              C.

            	
              Maxore
      has consented, by way of its execution of this Agreement below, to the
      assignment of COASTAL’s interest in and to the Maxore Agreement to MAR
      KED.

            

    

    

    NOW THEREFORE THIS AGREEMENT
WITNESSETH that in consideration of the mutual covenants and provisos
herein contained, THE PARTIES
HERETO AGREE AS FOLLOWS:

    

    1.           COASTAL’S
REPRESENTATIONS

    

    1.1           COASTAL
represents and warrants to MAR KED  that:

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (a)

            	
              under
      the terms of an agreement (the “Maxore Agreement”) dated the 2nd
      day of August, 2007, it has the right to acquire, from Maxore Minerals
      Corp. (“Maxore”)

            

    

    

    
      	
               
      

            	
              up
      to a 50% beneficial right, title and interest in and to the Property and
      holds the right to explore and develop the Property, subject to applicable
      rules and regulations and the terms of the Maxore
    Agreement;

            

    

    

    
      	
               
      

            	
              (b)

            	
              save
      and except as concerns its agreements with MAR KED and with Maxore, to the
      best of COASTAL’s knowledge, Maxore holds the Property free and clear of
      all liens, charges and claims of
others;

            

    

    

    
      	
               
      

            	
              (d)

            	
              the
      Property has been, or to the best of the knowledge of COASTAL has been,
      duly and validly located and recorded in a good and miner-like manner
      pursuant to the laws of the Province of Saskatchewan and the claims are in
      good standing in the Province of Saskatchewan as of the date of this
      Agreement;

            

    

    

    
      	
               
      

            	
              (e)

            	
              COASTAL
      is duly incorporated under the laws of its incorporating jurisdiction and
      is a valid and subsisting company in good standing under those
      laws;

            

    

    

    
      	
               
      

            	
              (f)

            	
              COASTAL
      has, provided that Maxore consents, the right to transfer, convey, option
      and assign its interest in the Assigned Properties and in the Maxore
      Agreement to MAR KED as contemplated in this
  Agreement;

            

    

    

    
      	
               
      

            	
              (g)

            	
              there
      are no adverse claims or challenges against or to COASTAL’s interest in
      the Property and the Maxore Agreement, nor to the knowledge of COASTAL is
      there any basis therefor, and to COASTAL’s knowledge, there are no
      outstanding agreements or options to acquire or purchase the Property or
      any portion thereof other than the Maxore Agreement and an agreement
      between Maxore and MAR KED executed concurrently therewith (and after
      amended);

            

    

    

    
      	
               
      

            	
              (h)

            	
              COASTAL
      has the full right, authority and capacity to enter into this Agreement
      without first obtaining the consent of any other person or body corporate
      and the consummation of the transaction 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 any indenture, agreement or other
      instrument whatsoever to which COASTAL is a party or to which it is
      subject; and

            

    

    

    
      	
               
      

            	
              (j)

            	
              no
      proceedings are pending, and COASTAL is unaware of any basis for, the
      institution of any proceedings which could lead to the placing of COASTAL
      in bankruptcy or insolvency, or in any position similar to bankruptcy,
      such that any person could claim an interest in and to the Property from
      MAR KED notwithstanding that MAR KED is at arm’s length with COASTAL and
      is entering into this Agreement for good and valuable
      consideration.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
              1.2

            	
              The
      representations and warranties of COASTAL set out in paragraph 1.1 above
      form a part of this Agreement and are conditions upon which MAR KED has
      relied in entering into this

            

    

    

    Agreement and shall survive the
acquisition of any interest in the Property by MAR KED.

    

    
      	
              1.3

            	
              COASTAL
      will indemnify MAR KED from all loss, damage, costs, actions and suits
      arising out of or in connection with any breach of any representation,
      warranty, covenant, agreement or condition made by COASTAL and contained
      in this Agreement including, without limiting the generality of the
      foregoing, against any and all loss, damage, costs, actions and suits
      which may be brought as a result of any shareholder actions on the part of
      COASTAL’s shareholders.  In lieu of any monetary
      indemnification, MAR KED may claim from COASTAL indemnification in the
      form of repayment, sale or transfer to it of some or all of the MAR KED
      Shares (as that term is defined in section 4.1
  below).

            

    

    

    2.         MAR
KED'S REPRESENTATIONS

    

    
      	
              2.1

            	
              MAR
      KED warrants and represents to COASTAL that it is a body corporate, duly
      incorporated

            	
              under
      the laws of the State of Nevada with full power and absolute capacity to
      enter into this Agreement and that the terms of this Agreement have been
      or will be authorized by all necessary corporate acts and deeds in order
      to give effect to the terms hereof.

            

    

    

    3.         ASSIGNMENT
OF OPTION

    

    
      	
              3.1

            	
              COASTAL
      hereby assigns to MAR KED its sole and exclusive beneficial right and
      option (the "Option") to acquire a 50% undivided beneficial right, title
      and interest in and to the Assigned Properties which Option is granted
      under, and subject to, the terms of the Maxore
  Agreement.

            

    

    

    4.         ASSIGNMENT
PRICE

    

    
      	
              4.1

            	
              MAR
      KED shall pay for the assignment of the Option by issuing to COASTAL a
      total of 3,500,000
      common shares (the “MAR KED Shares”) and cash in amount
      of  $
      250,000.00 payable to COASTAL or to the third party by COASTAL
      request  in further consideration of  MAR
      KED  and by assuming all of the  obligations of
      COASTAL  under the Maxore  Agreement, including the
      obligation to make payments to Maxore as operator of the
      Property.

            

    

    

    5.         CONDITION
PRECEDENT

    

    
      	
              5.1 

            	
              This
      Agreement is expressly subject to the consent of Maxore to its
      terms.

            

    

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      6.        RIGHT
TO ABANDON PROPERTY INTERESTS

    

    

    

    
      	
              6.1

            	
              Nothing
      in this Agreement shall require MAR KED to continue payments to Maxore
      under the terms of the Maxore
Agreement.

            

    

    

    
      	
              6.2

            	
              In
      the event that MAR KED decides to abandon work on the Property interests
      and wishes to cease payments to Maxore under the terms of the Maxore
      Agreement, it may do so on sixty (60) days’ notice to both COASTAL and
      Maxore and, upon expiry of the sixty (60) day notice period, MAR KED shall
      be deemed to have surrendered, transferred and assigned back  to
      COASTAL all interest in the Assigned
Properties.

            

    

    

    
      	
              6.3

            	
              Upon
      abandonment in section 6.2 hereof, MAR KED agrees that it shall have no
      right to claim back the MAR KED Shares but that the MAR KED Shares are the
      property of COASTAL regardless of MAR KED's decision to continue with or
      abandon the Property interests.

            

    

    

    7.         FURTHER
ASSURANCES

    

    
      	
              7.1

            	
              The
      parties hereto agree to do or cause to be done all acts or things
      reasonably necessary to implement and carry into effect the provisions and
      intent of this Agreement including, without limiting the generality of the
      foregoing, obtaining consent resolutions, or minutes, of their respective
      boards of directors consenting and approving of this
      Agreement.

            

    

    

    8.         FORCE
MAJEURE

    

    
      	
              8.1

            	
              If
      either of the parties hereto is prevented from or delayed in complying
      with any provisions of this Agreement
      by reasons of strikes, labour disputes, lockouts, labour shortages, power
      shortages, fires, wars, acts of God, governmental regulations restricting
      normal operations or any other reason or reasons beyond their control, the
      time limited for the performance of  various provisions of this
      Agreement as set out above shall be extended by a period of time equal in
      length to the period of such prevention and delay, and they, insofar as is
      possible, shall promptly give written notice the other party of the
      particulars of the reasons for any prevention or delay under this
      paragraph, and shall take all reasonable steps to remove the cause of such
      prevention or delay and shall give written notice as soon as such cause
      ceases to exist.

            	
            

    

    

    9.         ENTIRE
AGREEMENT

    

    
      	
              9.

            	
              Save
      and except the Maxore Agreement, by which the parties agree to be bound,
      this Agreement constitutes the entire agreement to date between the
      parties hereto and supersedes every previous agreement, communication,
      expectation, negotiation, representation or understanding, whether oral or
      written, express or implied, statutory or otherwise, between the parties
      hereto with respect to the subject matter of this
    Agreement.

            

    

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
              10.

            	
              NOTICE

            

    

     

     

    
      	
              10.1

            	
              Any
      notice required to be given under this Agreement shall be deemed to be
      well and sufficiently given if delivered, or if mailed by registered mail,
      in the case of eitheraddressed to them as
  follows:

            

    

    

    MAR KED
Mineral  Exploration

    800 Fifth Avenue, Suite
4100

    Seattle,
Washington 98104

     

     

     

    and in the case of COASTAL addressed as
follows:

    

    Coastal Uranium Holdings
Ltd.

    #2201 – 1255 Bidwell
Street,

    Vancouver, British
Columbia

    Canada V6G 2K8

     

     

     

    
      	
               
      

            	
              and
      any notice given shall be deemed to have been given, if delivered, when
      delivered, or if mailed by registered mail, on the fourth business day
      after the date of mailing thereof.

            

    

    

    
      	
              10.2

            	
              Either
      party hereto may from time to time by notice in writing change its address
      for the purpose of this paragraph.

            

    

    

    
      	
              11.

            	
              TIME
      OF ESSENCE

            

    

    

    
      	
              11.1

            	
              Time
      shall be of the essence of this
Agreement.

            

    

    

    
      	
              12.

            	
              CURRENCY

            

    

    

    
      	
              12.1

            	
              All
      funds referred to under the terms of this Agreement shall be funds
      designated in the lawful currency of the United States of
      America.

            

    

    

    
      	
              13.

            	
              APPLICABLE
      LAW

            

    

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      	
              13.1

            	
              Except
      as applies to the mineral claims laws of the Province of Saskatchewan,
      this Agreement shall be governed by the laws of the Province of British
      Columbia and the parties hereto agree to attorn to the courts
      thereof.

            

    

    

    
      	
              13.2

            	
              It
      is an express condition of this Agreement that any dispute of its terms be
      brought in the courts of the Province of British
  Columbia.

            

    

    

    

    
      	
              14.

            	
              ARBITRATION

            

    

    

    
      	
              14.1

            	
              In
      the event of a dispute between the parties regarding any provision of this
      Agreement, the parties hereto agree to submit the dispute to binding
      arbitration under the terms of the Commercial Arbitration Act of the
      revised statutes of the Province of British Columbia [R.S.B.C. 1996
      Chapter 55] or its successor.

            

    

     

    
      	
              15.

            	
              ENUREMENT

            

    

    

    
      	
              15.1

            	
              This
      Agreement shall ensure to the benefit of and be binding upon the parties
      hereto and their respective successors and
  assigns.

            

    

    

    
      	
              16.

            	
              COUNTERPARTS

            

    

    

    
      	
              16.1

            	
              This
      Agreement may be executed in any number of counterparts, each of which
      when delivered, either in original or facsimile form, shall be deemed to
      be an original and all of which together shall constitute one and the same
      document.

            

    

     

    

     

    

    IN WITNESS
WHEREOF the parties hereto
have executed these presents as of the date first above written. 

    

    

    

    

    /s/ Mar Ked Mineral Exploration_____ ________

    MAR
KED MINERAL EXPLORATION, Inc

    

    

    

    /s/ Coastal Uranium
Holdings________________

    COASTAL
URANIUM HOLDINGS LTD.

    

    

    

    

    Maxore
Minerals Corp. hereby confirms its consent to this Agreement:

    

     

    

    /s/ Maxore Minerals
______________________

    MAXORE
MINERALS CORP.

    

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    SCHEDULE
"A"

    

    THE
PROPERTY:

    

    LIST
OF MINERAL CLAIMS

     

     

    
      
        	Claim
      Number	 	 Hectares	 	Region	 	Geologic
      Domain
	S-110457	 	4890	 	Cree Lake	 	Virgin
      River
	S-110458	 	5717	 	Cree Lake	 	Virgin
      River
	S-110459	 	5859	 	Cree Lake	 	Virgin
      River
	S-110468	 	3504	 	Wollaston
      Lake	 	Wollaston
	S-110469	 	3940	 	Wollaston
      Lake	 	Wollaston
	S-110470	 	4036	 	Wollaston
      Lake	 	Wollaston
	S-110471	 	5240	 	Wollaston
      Lake	 	Wollaston
	S-110474	 	3149	 	Hatchet Lake	 	Mudjatik
	S-110475	 	526	 	Hatchet Lake	 	Mudjatik
	S-110476	 	343	 	LeDrew Lake	 	Mudjatik
	S-110490	 	3303	 	Hodges Lake	 	Wollaston
	S-110498	 	5022	 	Wollaston Lake SW	 	Wollaston

      

    

    

     

    7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]