Document:

AGREEMENT

This Agreement (this "Agreement") is entered into on July 12, 2006 by and
between American Goldfields Inc., a Nevada corporation (the "Corporation"),
and Donald Neal (the "Shareholder").

      WHEREAS, Shareholder is the owner of 3,000,000 shares (the "Shares") of
the Corporation's common stock and is also an officer and a director of the
Corporation; and

      WHEREAS, pursuant to and subject to the terms and conditions of this
Agreement, the parties hereto desire that Shareholder grant to the Corporation
an option to redeem any or all of the Shares for a redemption price of $0.01
per share.

NOW, THEREFORE, in consideration of the premises and mutual covenants set
forth below, the parties agree as follows:

      1.    Redemption Option.

            1.1      Grant of Option to Redeem.  Shareholder hereby grants to
the Corporation the irrevocable right (the "Redemption Option") to purchase
all or any portion of the Shares.  The purchase price for any Shares purchased
by the Corporation pursuant to this Redemption Option shall be $0.01 per
Share.  The right of the Corporation hereunder shall attach to the Shares,
until and unless terminated by the written agreement of the Corporation.
Accordingly, if the Corporation exercises its right to redeem a portion of
such Shares, at any time thereafter the Corporation can send subsequent
notices to Shareholder exercising its right to redeem additional portions of
the Shares purchased upon exercise of this Redemption Option.  There is no
minimum amount of Shares which need to be redeemed by the Corporation pursuant
to its Redemption Option hereunder.

            1.2       Exercise of Option to Redeem.  In order to exercise such
Redemption Option, the Corporation shall send Shareholder written notice of
its intention to exercise its right hereunder, indicating how many of the
Shares it is purchasing.  No later than ten (10) business days after the
delivery of said notice, the Corporation shall pay the applicable purchase
price thereof, and Shareholder shall deliver to the Corporation the stock
certificate evidencing the Shares, duly endorsed in blank or accompanied by
stock powers duly executed in blank, signature medallion guaranteed, in proper
form for transfer to the Corporation. Shareholder also agrees to execute and
deliver any other documents and instruments requested by the Corporation,
including without limitation, making representations and warranties with
respect to the title and ownership of the Shares.

            1.3      Restricted Securities; Legend.    Shareholder agrees that
he shall not, directly or indirectly, sell, exchange, pledge, hypothecate,
transfer, gift, grant an irrevocable proxy with respect to, devise, assign or
in any other way dispose of, encumber or grant a security interest in, any of
the Shares or any interest therein. The

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Shareholder agrees and acknowledges that said restriction is in addition to
all applicable securities laws and regulations.  The certificates evidencing
the Shares shall contain a restrictive legend in substantially the following
form (and a stop-transfer order may be placed against transfer of the
certificates for such shares):

              THE SECURITIES REPRESENTED HEREBY ARE
              SUBJECT  TO AN OPTION PURSUANT TO THE
              AGREEMENT DATED  JULY 12, 2006 BY AND
              BETWEEN  AMERICAN GOLDFIELDS INC. AND
              THE HOLDER HEREOF.

            1.4      Shareholders' Agreement.  The Corporation and the
Shareholder are parties to a Shareholders' Agreement dated as of February 10,
2004 relating to, among other things, the voting of the Shares and a transfer
restriction thereon. The Corporation and the Shareholder agree that the
execution and delivery of this Agreement shall not result in a breach or
violation of any of the terms or provisions of said Shareholders' Agreement
and said Shareholders' Agreement shall remain in full force and effect as
provided therein, other than Section 2.1 thereof which shall hereby be amended
to reflect the Redemption Option.

            The execution by the Shareholder to this Agreement shall be deemed
to result in his agreement to amend the Shareholders' Agreement by adding the
following at the end of Section 2.1 thereof:

            "Notwithstanding the foregoing Transfer restrictions, the grant of
            the Redemption Option by the Shareholder to the Corporation
            pursuant to the terms and provisions of the Agreement dated as of
            June 15, 2006 between the parties thereto shall be permitted."

      2.    General Provisions.

            2.1      Further Assurances.  Shareholder and the Corporation
shall execute and deliver such further instruments of conveyance, transfer and
assignment, cooperate and assist in providing information for making and
completing regulatory filings, and take such other actions as Shareholder or
the Corporation, as the case may be, may reasonably require of the other party
to evidence or effectuate the transactions contemplated hereunder.

            2.2      Amendment.  This Agreement may not be amended or
otherwise modified, except by an instrument in writing signed by, or on behalf
of, each of the parties hereto.

            2.3      Governing Law.  This Agreement (including the documents
and instruments referred to herein) shall be governed in all respects,
including validity, interpretation and effect, by the laws of the State of
Nevada, without regard to principles of conflicts of laws.

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            2.4      Counterparts.  This Agreement may be executed by fax and
in one or more counterparts, all of which together shall constitute a single
agreement.  If any provisions of this Agreement shall be held to be illegal,
invalid or unenforceable under any applicable law, then such contravention or
invalidity shall not invalidate the entire Agreement.  Such provision shall be
deemed to be modified to the extent necessary to render it legal, valid and
enforceable, and if no such modification shall render it legal, valid and
enforceable, then this Agreement shall be construed as if not containing the
provision held to be invalid, and the rights and obligations of the parties
shall be construed and enforced accordingly.

            2.5      Entire Agreement.  This Agreement supersedes all prior
agreements between the parties hereto with respect to its subject matter and
constitutes a complete and exclusive statement of the terms of the agreement
between the parties with respect to its subject matter.

           2.6      Invalidity; Severability.  If any clause or provision of
this Agreement shall be adjudged invalid, the same shall not affect the
validity of any other clause or provision of this Agreement, or of any other
document pertaining to the subject matter thereof, or constitute by reason
thereof, any claim or cause of action in favor of Shareholder as against the
Corporation.  In addition, the provisions of this Agreement shall be read and
construed and shall have effect as separate, severable and independent
provisions or restrictions, and shall be enforceable accordingly.

            2.7      Injunctive Relief.  In addition to monetary damages and
any other rights and remedies available at law or equity which the Corporation
may have, the Corporation shall have the right to obtain injunctive or other
equitable relief to restrain any breach or threatened breach or otherwise to
specifically enforce the provisions of this Agreement. Each Shareholder
acknowledges that the Corporation and its affiliates will suffer immediate,
irreparable harm upon a breach or threatened breach of any provision of this
Agreement and the Corporation and its affiliates shall be entitled, in
addition to any and all other remedies, to an injunction issued by a court of
competent jurisdiction restraining the aforesaid violations of a Shareholder
without the necessity of posting a bond. Each Shareholder further agrees that
money damages alone would be inadequate to compensate the Corporation and
would be an inadequate remedy for such breach.  Such rights and remedies shall
however be cumulative and not exclusive and shall be in addition to any other
remedies which the Corporation may have under this Agreement or at law.

            2.8      References; Construction.  The headings in this Agreement
are for convenience of reference only and not for any other purpose.  The
parties hereto agree that this Agreement is the product of negotiation between
sophisticated parties and individuals, all of whom were represented by counsel
and/or had opportunity to be represented by counsel, and each of whom had an
opportunity to participate in and did participate in, the drafting of each
provision hereof. Words and phrases used herein in the singular shall be
deemed to include the plural and vice versa, and nouns and pronouns

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used in any particular gender shall be deemed to include any other gender,
unless the context requires otherwise.

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

                                          SHAREHOLDER:

                                          /S/ Donald Neal
                                          ________________________
                                          Name: Donald Neal

                                          THE CORPORATION:

                                          AMERICAN GOLDFIELDS INC.

                                                /s/ Donald Neal
                                          By:   ___________________
                                          Name: Donald Neal
                                          Title: President

                                5AGREEMENT

            AGREEMENT, dated as of July 14, 2006 (this "Agreement"), by and
between American Goldfields Inc., a Nevada corporation (the "Company"), and
Gregory Crowe (the "Stockholder").

                             RECITALS

            WHEREAS, the Stockholder is the legal and beneficial owner of
3,000,000 shares of common stock of the Company (the "Stock"); and

            WHEREAS, the Stockholder was a director of the Company; and

            WHEREAS, the Stockholder desires that the Company redeem all his
3,000,000 shares for $0.01 per share (amounting to an aggregate redemption
price equal to $30,000), and the Company has agreed to effectuate such
redemption upon the terms and subject to the conditions set forth herein.

            NOW, THEREFORE, in consideration of the premises and the mutual
representations, warranties, covenants, agreements and undertakings contained
in this Agreement, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Company and the Stockholder
hereby agree as follows:

                            ARTICLE I
                            REDEMPTION

      Section 1.1   Redemption.  Upon the terms and subject to the conditions
set forth in this Agreement, simultaneous with the execution and delivery of
this Agreement, (a) the Stockholder shall deliver to the Company (i) the stock
certificate issued in the name of the Stockholder representing 3,000,000
shares of common stock, duly endorsed in blank or accompanied by stock powers
duly executed in blank, in proper form for transfer, and (ii) the
Stockholder's resignation from his position as director of the Company, and
(b) the Company shall pay to the Stockholder an amount equal to $30,000.00,
representing payment in full for the Stock, payable by check made payable to
the Stockholder or wire transfer of immediately available funds.

      Section 1.2   Shareholders' Agreement.  The Shareholders' Agreement
dated as of February 10, 2004, between the Company, the Stockholder, and
Donald Neal (the "Shareholders Agreement"), is hereby terminated and no longer
has any force and effect with respect to the Stockholder.

      Section 1.3   Release.  As additional consideration for the transactions
contemplated hereby, the Stockholder and his respective heirs, executors,
successors and assigns (the "Waiving Parties"), hereby release, waive and
forever discharge, in all capacities, including as a director, officer, or
stockholder of the Company, from and after the date hereof any and all claims,
known or unknown, that the Waiving Parties ever had, now have or may have
against the Company and its officers, directors, employees or agents in
connection with or arising out of any act or omission of the Company or its
officers, directors, employees, advisers or agents, in such capacity, at or
prior to the date hereof.

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                            ARTICLE II
        REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER

            The Stockholder hereby represents and warrants to the Company the
following:

      Section 2.1   Ownership of the Stock.   The Stockholder is the sole
record and beneficial owner of the Stock and has good and marketable title to
such shares, free and clear of any title defect, objection, security interest,
pledge, encumbrance, lien, charge, claim, option, preferential arrangement or
restriction of any kind, including, but not limited to, any restriction on the
use, voting, transfer, receipt of income or other exercise of any attributes
of ownership (collectively, "Liens"), other than as set forth in the
Shareholders Agreement.  Neither the Stockholder nor his affiliates has any
interest, directly or indirectly, in any other equity in the Company or its
affiliates, or has any other direct or indirect interest in any tangible or
intangible property of the Company, or has any direct or indirect outstanding
indebtedness to or from the Company, or related, directly or indirectly, to
its assets.  Upon consummation of the transactions contemplated by this
Agreement, the Stockholder shall have no direct or indirect interest in the
Company.

      Section 2.2   Authority.  The Stockholder has the absolute and
unrestricted right, power and authority to execute and deliver this Agreement
and all documents and instruments specified herein, to carry out his
obligations hereunder and to consummate the transactions contemplated hereby.
This Agreement has been duly executed and delivered by the Stockholder and,
assuming due authorization, execution and delivery by the Company, this
Agreement constitutes a legal, valid and binding obligation of the
Stockholder, enforceable against him in accordance with its terms.

      Section 2.3   Approval of Transaction; No Conflict.  The execution and
delivery of this Agreement by the Stockholder does not, and the performance of
this Agreement by the Stockholder will not, require any consent, approval,
authorization or other action by, or filing with or notification to, any
person, entity, governmental authority or regulatory authority, other than the
filing by the Stockholder of a Form 4 and a Schedule 13D with the Securities
and Exchange Commission (the "SEC").  Furthermore, the execution, delivery and
performance of this Agreement by the Stockholder does not and will not (x)
conflict with or violate any agreement, law, rule, regulation, order, writ,
judgment, injunction, decree, determination or award to which the Stockholder
is a party or by which any of his assets are bound or (y) result in the
creation or imposition of any Lien on the Stock.

      Section 2.4   Accredited Investor.   The Stockholder is an "accredited
investor", as that term is defined in Regulation D under the Securities Act of
1933, as amended (the "Securities Act").  The Stockholder and his advisors, if
any, have been furnished with all materials relating to the business, finances
and operations of the Company and materials relating to the redemption of the
Stock which have been requested by the Stockholder or his advisors.  The
Stockholder and his advisors, if any, have been afforded the opportunity to
ask questions of the Company.

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      Section 2.5   Counsel.  The Stockholder represents that he has had the
opportunity to review and discuss this Agreement with counsel of his choosing,
that he knows and understands the legal effect of this Agreement and the
transactions contemplated hereby, that he requested the redemption of his
Stock and that he is voluntarily executing and delivering this Agreement to
the Company.

                           ARTICLE III
          REPRESENTATIONS AND WARRANTIES OF THE COMPANY

            The Company hereby represents and warrants to the Stockholder the
following:

      Section 3.1   Authority. The Company is duly organized and validly
existing under the laws of the State of Nevada and has been duly authorized by
all necessary and appropriate action to enter this Agreement and consummate
the transactions contemplated herein.  The Company has the absolute and
unrestricted right, power and authority to execute and deliver this Agreement
and all documents and instruments specified herein, to carry out its
obligations hereunder and to consummate the transactions contemplated hereby.
This Agreement has been duly executed and delivered by the Company and,
assuming due authorization, execution and delivery by the Stockholder, this
Agreement constitutes a legal, valid and binding obligation of the Company,
enforceable against the Company in accordance with its terms.

      Section 3.2   Approval of Transaction; No Conflict.  The execution and
delivery of this Agreement by the Company does not, and the performance of
this Agreement by the Company will not, require any consent, approval,
authorization or other action by, or filing with or notification to, any
person, entity, governmental authority or regulatory authority, except as
otherwise set forth herein.   Each person affiliated with the Company whose
consent is required has duly authorized the execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby, and
such authorization shall not have been amended, modified or withdrawn in any
manner prior to the date hereof.  Furthermore, the execution, delivery and
performance of this Agreement by the Company does not and will not conflict
with or violate any agreement, law, rule, regulation, order, writ, judgment,
injunction, decree, determination or award to which the Company is a party.

                            ARTICLE IV
                         INDEMNIFICATION

      Section 4.1   Indemnification by the Stockholder. The Company, its
officers, directors, agents, representatives, shareholders, affiliates and
their respective successors and assigns (collectively, the "Company Parties")
shall be indemnified and held harmless by the Stockholder from and against any
and all damages, losses, liabilities, taxes (including any deficiencies and
penalties and interest thereon), and costs and expenses (including, without
limitation, reasonable attorneys' fees and disbursements) (collectively,
"Damages") resulting from any misrepresentation, breach of warranty or
non-fulfillment of any covenant or agreement on the part of the Stockholder
contained in this Agreement or as a result of the transaction contemplated
herein.

      Section 4.2   Indemnification by the Company.  The Stockholder and his
affiliates, consultants, representatives and their respective successors and
assigns shall be indemnified and held harmless by the Company from and against
any and all Damages resulting from any misrepresentation, breach of warranty
or non-fulfillment of any covenant or agreement on the part of the Company
contained in this Agreement or as a result of the transaction contemplated
herein.

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      Section 4.3   Notice.  Each party hereto agrees to give to the other
prompt notice of any claim or action by a third party or occurrence of any
event which may give rise to a claim or action for indemnification hereunder.
The failure to provide such notice shall not release the indemnifying party
from its obligations under this Article IV, except to the extent that the
indemnifying party is materially prejudiced by such failure.

                            ARTICLE V
                        GENERAL PROVISIONS

      Section 5.1   Entire Agreement.  This Agreement contains, and is
intended as, a complete statement of all of the terms of the arrangements and
understandings between the parties with respect to the matters provided for,
and supersedes any previous agreements and understandings between the parties
with respect to those matters.

      Section 5.2   Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Nevada applicable to
agreements made and to be performed wholly in such State, without regard to
conflict of law rules applied in such State.  EACH OF THE UNDERSIGNED HEREBY
WAIVES FOR ITSELF AND ITS PERMITTED SUCCESSORS AND ASSIGNS THE RIGHT TO TRIAL
BY JURY IN ANY ACTION OR PROCEEDING INSTITUTED IN CONNECTION WITH THIS
AGREEMENT.

      Section 5.3   Notices.  Any notice required or given with respect to
this Agreement shall be valid and effective when delivered (i) by registered
or U.S. post office stamped certified mail, (ii) by a nationally recognized
overnight air courier, or (iii) by hand, in all cases to:

            If to the Company, to:

            American Goldfields Inc.
            200-4170 Still Creek Drive
            Burnaby, B.C. Canada, V5C 6C6
            Attn: Donald Neal

            If to the Stockholder, to:

            Gregory Crowe
            1679 Eaglecliff Road
            Bowen Island, BC, Canada
            V0N 1G0

Any party hereto may change such address by notice given at least five (5)
days in advance to the other party in accordance with this Section.

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      Section 5.4   Binding Agreement.  This Agreement, including without
limitation, all the representations and warranties contained herein, shall be
binding upon and inure to the benefit of the parties hereto and their
respective permitted successors and assigns.

      Section 5.5   Amendment.  This Agreement may be amended or modified only
by a written instrument executed by all of the parties hereto.

      Section 5.6   No Waiver.  The failure of a party at any time or times to
require performance of any provisions hereof shall in no manner be deemed to
affect the party's right at a later time to enforce the same.  No waiver by
any party of the breach of any term contained in this Agreement, whether by
conduct or otherwise, in any one or more instances, shall be deemed to be or
construed as a further or continuing waiver of any such breach or of the
breach of any other term or provision of this Agreement.

      Section 5.7   References.  The headings in this Agreement are solely for
the convenience of the parties, and are not intended to and do not limit,
construe or modify any of the term and conditions hereof.

      Section 5.8   Unenforceability.  If any provision of this Agreement
shall be held to be invalid or unenforceable, such invalidity or
unenforceability shall attach only to such provision and only to the extent
such provision shall be held to be invalid or unenforceable and shall not in
any way affect the validity or enforceability of the other provisions hereof,
all of which provisions are hereby declared severable, and this Agreement
shall be carried out as if such invalid or unenforceable provision or portion
thereof was not embodied herein.

      Section 5.9   Counterparts.  This Agreement may be executed by facsimile
and in counterparts, each of which shall be an original, but all of which
together shall constitute one and the same agreement.

      Section 5.10  Further Assurances.  The parties hereto will execute and
deliver such further instruments and documents and do such further acts and
things as may be reasonably required to carry out the intent and purposes of
this Agreement.

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

                                   AMERICAN GOLDFIELDS INC.

                                           /s/ Donald Neal
                                    By:    _____________________
                                    Name:  Donald Neal
                                    Title: President, Chief Executive
                                           and Operating Officer, Secretary
                                           and Treasurer

                                           /s/ Gregory Crowe
                                           ___________________________________
                                           GREGORY CROWE

ACKNOWLEDGED AND AGREED TO
SECTION 1.2 HEREOF:

/s/ Donald Neal
_______________________
Donald Neal

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