Document:

MINERAL
      CLAIM PURCHASE AGREEMENT

    

    BY
      AND BETWEEN

    

    LAUREATE
      RESOURCES & STEEL INDUSTRIES INC.

    

    AND

    

    TERRACAN
      RESOURCES LTD.

    

    THIS
      MINERAL CLAIM PURCHASE AGREEMENT (this “Agreement”),
      dated
      May 28, 2008, is entered into by and between Laureate Resources & Steel
      Industries Inc., a Nevada corporation having its principal offices at 245 Park
      Avenue, 24th
      Floor,
      New York, NY 10167 (the “Seller”)
      and
      Terracan Resources Ltd., a company incorporated pursuant to the laws of British
      Columbia having its principal offices at 12456 23A Avenue, Surrey, British
      Columbia (the “Purchaser”).
      

    

    W
      I T N E
      S S E T H :

    

    WHEREAS,
      the Seller owns the Claim, as such term is defined and enumerated in Section
      1.1
      hereof; 

    

    WHEREAS,
      the Seller wishes to sell all its right, title and interest in and to the Claim
      to the Purchaser for the sum of ONE THOUSAND ($1,000) dollars CAD pursuant
      to
      the terms and conditions set forth herein; and

    

    WHEREAS,
      the Purchaser wishes to purchase the Claim pursuant to the terms and conditions
      set forth herein.

    

    NOW,
      THEREFORE, in consideration of the covenants, promises and representations
      set
      forth herein, and for other good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, and intending to be legally bound
      hereby, the parties agree as follows:

    

    1. Sale
      of the Claim.
      

    

    1.1
       The
      Claim.
      

    

    Subject
      to the terms and conditions stated herein, and in exchange for the consideration
      set forth in Section 1.2 hereof, the Seller does hereby transfer, sell, assign,
      set over and quit claim unto the Purchaser, and the Purchase hereby acquires
      from the Seller, all of the Seller’s right, title and interest in and to each
      and every mining claim identified below (the “Claim”):
      

    

    
      	
              Tenure
                Number

            	
              Claim
                Name

            	
              Map
                Number

            	
              Mining
                Division

            	
              Area

            
	
              514065

            	
              SUGARLOAF

            	
              092I

            	
              Nicola

            	
              497.436

            

    

    

    1.2 The
      Purchase Price.
      The
      Purchaser hereby agrees to pay, and the Seller hereby acknowledges receipt
      of,
      the sum of ONE THOUSAND ($1,000) dollars CAD as consideration for the
      Claim.

     

    2. Appointment.
      The
      Seller hereby appoints the Purchaser to be its attorney for the limited purpose
      of executing on its behalf any deed or document and perform all other lawful
      acts that may be required to duly transfer the Claim to the
      Purchaser.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.
       Representations
      and Warranties.

    

    3.1 Each
      party hereto hereby agrees that the Seller makes no representation or warranties
      regarding the (a) value of the Claim; (b) the existence of mineral deposits
      in
      geographic areas covered by the Claim (such areas, the “Property”);
      (c)
      the safety, feasibility or legality of exploring the Claim; or (d) the
      transferability of the Claim. The Seller has conducted no independent
      verification of its title to the Claim or rights to transfer the
      Claim.

    

    3.2 Seller’s
      Representations.
      As an
      inducement to the Purchaser to enter into this Agreement and to consummate
      the
      transactions contemplated herein, the Seller represents and warrants to the
      Purchaser as follows, all of which are true and complete as of the date of
      this
      Agreement:

    

    (a)
       Organization
      of the Seller.
      The
      Seller is a corporation duly organized and validly existing and in good standing
      under the laws of the State of Nevada, and has all requisite power and authority
      to own, lease and operate its properties and to carry on its business as now
      being conducted. 

    

    (b)
       Authority.
      (1) The
      Seller has the requisite corporate power and authority to enter into and perform
      its obligations under this Agreement; (2) the execution and delivery of this
      Agreement by the Seller and the consummation by it of the transactions
      contemplated hereby and thereby have been duly authorized by all necessary
      corporate action and no further consent or authorization of the Seller or its
      Board of Directors or stockholders is required; and (3) this Agreement has
      been
      duly executed and delivered by the Seller and constitutes a valid and binding
      obligation of the Seller enforceable against the Seller in accordance with
      its
      terms, except as such enforceability may be limited by applicable bankruptcy,
      insolvency, or similar laws relating to, or affecting generally the enforcement
      of, creditors' rights and remedies or by other equitable principles of general
      application.

    

    3.3 Purchaser’s
      Representations.
      As an
      inducement to the Seller to enter into this Agreement and to consummate the
      transactions contemplated herein, the Purchaser represents and warrants to
      the
      Seller as follows, all of which are true and complete as of the date of this
      Agreement:

    

    (a)
       Organization
      of the Purchaser.
      The
      Purchaser is a corporation duly organized and validly existing and in good
      standing under the laws of British Columbia, and has all requisite power and
      authority to own, lease and operate its properties and to carry on its business
      as now being conducted. 

    

    (b)
       Authority.
      (1) The
      Purchaser has the requisite corporate power and authority to enter into and
      perform its obligations under this Agreement; (2) the execution and delivery
      of
      this Agreement by the Purchaser and the consummation by it of the transactions
      contemplated hereby and thereby have been duly authorized by all necessary
      corporate action and no further consent or authorization of the Purchaser or
      its
      Board of Directors or stockholders is required; and (3) this Agreement has
      been
      duly executed and delivered by the Purchaser and constitutes a valid and binding
      obligation of the Purchaser enforceable against the Purchaser in accordance
      with
      its terms, except as such enforceability may be limited by applicable
      bankruptcy, insolvency, or similar laws relating to, or affecting generally
      the
      enforcement of, creditors' rights and remedies or by other equitable principles
      of general application.

    

    4. Indemnification
      of the Seller.

    

    From
      and
      after the date of this Agreement, the Purchaser shall indemnify the Seller
      and
      the Seller’s successors and assigns, as well as their officers, directors,
      employees, agents and shareholders (collectively, the “Seller
      Indemnitees”),
      against and hold the Seller Indemnitees harmless from:

     

    (a) any
      Losses based upon, resulting from, arising out of, caused by or in connection
      with any breach or nonperformance of any agreement or obligation of the
      Purchaser in this Agreement (“Loss”
or
      “Losses”
as
      used
      in this agreement means any and all losses (direct or indirect), liabilities,
      claims, demands, judgments, damages, fines, costs, expenses, penalties, actions,
      notices of violation, and notices of liability and any claims in respect thereof
      (including the costs of investigation, remediation, accountants and attorney’s
      fees)); 

     

    (b) any
      transfer taxes, Losses, fines or fees caused by, or imposed in connection with,
      the transfer of the Claim, including but not limited to any fees required to
      be
      paid to any federal, provincial or local agency or department in connection
      with
      transferring the ownership of the Claim; 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    (c) any
      judgments or liens which may be imposed on the Seller in connection with (i)
      its
      acquisition, ownership or transfer of the Claim, or (ii) its actions or
      omissions in connection with the Claim or the Property, including but not
      limited to judgments relating to the negligent management of the Claim or the
      Property; 

    

    (d) any
      and
      all obligations, pursuant to court order or otherwise, to pay the Purchaser
      or
      any third party, including but not limited to a federal, provincial or local
      authority, for the reclamation or remediation of any environmental or other
      condition on or relating to the Property arising from any exploration, mining
      activities or other activity or use of the Property, including any cost,
      liability, Loss, damage, claim, expense or contribution, including attorneys
      fees, arising from or related to any such condition or the reclamation or
      remediation thereof; 

     

    (e) any
      and
      all obligations, pursuant to court order or otherwise, to pay the Purchaser
      or
      any third party, including but not limited to a federal, provincial or local
      authority, for any and all personal injuries, death or disability caused by
      or
      in connection the Claim or the Property; or

    

    (f) any
      Losses based upon, resulting from, arising out of, caused by or in connection
      with any failure of the Purchasers to comply with the provisions of this
      Section.

    

    5.
       Miscellaneous.

    

    (a)
       Notices.
      All
      notices or other communications required or permitted hereunder shall be in
      writing. Any notice, request, demand, claim or other communication hereunder
      shall be deemed duly given (i) if by personal delivery, when so delivered;
      (ii)
      if mailed, three (3) business days after having been sent by registered or
      certified mail, return receipt requested, postage prepaid and addressed to
      the
      intended recipient as set forth below; or (iii) if sent through an overnight
      delivery service in circumstances to which such service guarantees next day
      delivery, the day following being so sent to the address of the intended
      recipient as first set forth above. Any party may change the address to which
      notices and other communications hereunder are to be delivered by giving the
      other parties notice in the manner herein set forth.

    

      
        	
                Notice
                  Address of Seller:

              	
                Laureate
                  Resources & Steel Industries Inc.

              
	 	
                245
                  Park Avenue,

              
	 	
                24th
                  Floor

              
	 	
                New
                  York, NY 10167

              
	 	 
	
                Notice
                  Address of Purchaser:

              	
                Terracan
                  Resources Ltd.

              
	 	
                12456
                  23A Avenue

              
	 	
                Surrey,
                  BC V4A 9X6

              

      

    

     

    (b)
       GOVERNING
      LAW, JURISDICTION AND VENUE.
      THE
      PARTIES AGREE THAT THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
      ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT
      GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF. ALL PARTIES HERETO,
      TO THE FULLEST EXTENT PERMITTED BY LAW, HEREBY KNOWINGLY, INTENTIONALLY AND
      VOLUNTARILY, WAIVE AND FOREVER RELINQUISH THE RIGHT TO A TRIAL BY JURY IN ANY
      ACTION OR PROCEEDING BASED UPON, ARISING OUT OF, OR IN ANY WAY RELATING TO
      THIS
      AGREEMENT, ANY CONDUCT, ACT OR OMISSION OF ANY OTHER PARTY HERETO. THE SELLER
      AND PURCHASER EACH HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF THE STATE
      OR FEDERAL COURTS LOCATED IN THE CITY AND STATE OF NEW YORK IN THE BOROUGH
      OF
      MANHATTAN FOR ALL PURPOSES IN CONNECTION WITH ANY ACTION OR PROCEEDING WHICH
      ARISES OUT OF OR RELATES TO THIS AGREEMENT AND AGREE THAT ANY ACTION INSTITUTED
      UNDER THIS AGREEMENT SHALL BE BROUGHT ONLY IN SUCH COURT

    

    (c)
       Duration
      of Agreement.
      This
      indemnification provisions of this Agreement shall apply to any claim asserted
      and any Losses incurred in connection with any claim asserted on or after the
      effective date of this Agreement and shall continue until and terminate upon
      the
      later of: (i) 10 years after the date hereof; or (ii) the expiration of the
      statute of limitations applicable in any matter related to the Claim, the
      Property or this Agreement. 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (d) Entire
      Agreement.
      This
      Agreement sets forth the entire agreement and understanding of the parties
      in
      respect of the transactions contemplated hereby and supersedes all prior and
      contemporaneous agreements, arrangements and understandings of the parties
      relating to the subject matter hereof.

    

    (e)
       Amendments.
      This
      Agreement may be amended, modified, superseded or cancelled, and any of the
      terms, covenants, representations, warranties or conditions hereof may be
      waived, only by a written instrument executed by each party, in the case of
      a
      waiver, by the party waiving compliance.

    

    (f) Counterparts;
      Interpretation. 
      This Agreement may be executed in any number of counterparts, each of which
      shall be deemed an original, and all of which shall constitute one and the
      same
      instrument.  No ambiguity in any provision hereof shall be construed
      against parties by reason of the fact it was drafted by such party or its
      counsel. Nothing expressed or implied in this Agreement is intended, or shall
      be
      construed, to confer upon or give any person other than the parties any rights
      or remedies under or by reason of this Agreement. 

    

    (g) Acceptance
      by Fax.
      This
      Agreement shall be accepted, effective and binding, for all purposes, when
      the
      parties shall have signed and transmitted to each other, by telecopier or
      otherwise, copies of the signature pages hereto.

    

    (h) Binding
      Effect; Benefits.
      This
      Agreement shall inure to the benefit of, and be binding upon, the parties hereto
      and their respective heirs, legal representatives, successors and permitted
      assigns. Nothing in this Agreement, express or implied, is intended to or shall
      confer upon any person other than the parties hereto, and their respective
      heirs, legal representatives, successors and permitted assigns, any rights,
      remedies, obligations or liabilities under, in connection with or by reason
      of
      this Agreement.

    

    IN
      WITNESS WHEREOF, the parties hereto have duly executed this Agreement on the
      date first set forth above.

    

    
      	
              LAUREATE RESOURCES & STEEL INDUSTRIES INC.

            
	 	 
	
              By:

            	
              /s/
                Barbara Salz

            
	 	
              Name:
                 Barbara Salz

            
	 	
              Title:   
                Corporate Secretary

            
	 	 
	
              TERRACAN
                RESOURCES LTD.

            
	 	 
	
              By:

            	
              /s/
                Caroline Rechia

            
	 	
              Name:  Caroline
                Rechia

            
	 	
              Title:    President

            

    

     

    
      
        
        

      

      
        4KINGSTON
      MINES LTD. 

     

    PROMISSORY
      NOTE

    

      
        	
                US$
                  64,189.00

              	
                May
                  29, 2008

              

      

    

     

    
      	
              1.

            	
              FOR
                VALUE RECEIVED, Kingston
                Mines Ltd.,
                a
                Nevada corporation (the "Borrower"), hereby promises to pay to the
                order
                of Rudana
                Investment Group AG
                ("Lender"),
                at such time, place and in such manner as Lender may specify in writing,
                the principal amount of sixty
                four thousand one hundred eighty
                nine_US dollars (US$_64,189.00)
                (the "Principal") pursuant to the terms and conditions specified
                herein
                (this “Note”). The Borrower shall pay interest on the outstanding
                principal of this Note at the annual rate of 7.5% per annum, calculated
                based on a year of 365 days and actual days elapsed (the
                “Interest”).

            

    

     

    
      	
              2.

            	
              The
                Borrower hereby promises to pay to the order of the Lender the Principal
                and all Interest due thereon within thirty calendar (30) days upon
                delivery to the Company of written demand by the Lender (the “Due Date”),
                at such place and in such manner as Lender may specify in writing.
                

            

    

     

    
      	
              3.

            	
              Any
                and all fees, costs, expenses and disbursements charged by financial
                institutions with respect to wire transfer or other transmittal charges
                incurred in connection with delivery of the Principal from the Lender
                to
                the Borrower shall be deemed to have been received by the Borrower
                from
                the Lender and all such amounts shall be included in the calculation
                of
                Principal hereunder.

            

    

     

    
      	
              4.

            	
              This
                Note shall not be transferable by Borrower and the Borrower may not
                assign, transfer or sell all or a portion of its rights and interests
                to
                and under this Note to any persons and any such purported transfer
                shall
                be void ab initio. The Lender may transfer and assign this Note at
                its
                sole discretion.

            

    

    

    
      	
              5.

            	
              The
                failure at any time of the Lender to exercise any of its options
                or any
                other rights hereunder shall not constitute a waiver thereof, nor
                shall it
                be a bar to the exercise of any of its options or rights at a later
                date.
                All rights and remedies of the Lender shall be cumulative and may
                be
                pursued singly, successively or together, at the option of the Lender.
                The
                acceptance by the Lender of any partial payment shall not constitute
                a
                waiver of any default or of any of the Lender's rights under this
                Note. No
                waiver of any of its rights hereunder, and no modification or amendment
                of
                this Note, shall be deemed to be made by the Lender unless the same
                shall
                be in writing, duly signed on behalf of the Lender; and each such
                waiver
                shall apply only with respect to the specific instance involved,
                and shall
                in no way impair the rights of the Lender in any other respect at
                any
                other time.

            

    

    

    
      	
              6.

            	
              Any
                term or condition of this Note may be waived at any time by the party
                that
                is entitled to the benefit thereof, but no such waiver shall be effective
                unless set forth in a written instrument duly executed by or on behalf
                of
                the party waiving such term or
                condition.

            

    

    
      
         

      

      
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              Kingston
                Mines Ltd.

            	
              Promissory
                Note

            

    

    

    
      	
              7.

            	
              The
                Borrower represents and warrants that this Note is the valid and
                binding
                obligation of the Borrower, fully enforceable in accordance with
                its
                terms. The execution and delivery by the Borrower of this Note, the
                performance by the Borrower of its obligations hereunder and the
                consummation of the transactions contemplated hereby and thereby
                does not
                and will not: (a) conflict with or result in a violation or breach
                of any
                of the terms, conditions or provisions of the Borrower’s charter
                instruments; (b) conflict with or result in a violation or breach
                of any
                term or provision of any law or order applicable to the Borrower
                or any of
                its assets and properties; or (c) (i) conflict with or result in
                a
                violation or breach of, or (ii) result in or give to any person any
                rights
                or create any additional or increased liability of the Borrower under
                or
                create or impose any lien upon, the Borrower or any of its assets
                and
                properties under, any contract or permit to which the Borrower is
                a party
                or by which its assets and properties are bound.
                

            

    

    

    
      	
              8.

            	
              If
                any provision of this Note is held to be illegal, invalid or unenforceable
                under any present or future Law, and if the rights or obligations
                of any
                party hereto under this Note will not be materially and adversely
                affected
                thereby, (i) such provision will be fully severable; (ii) this Note
                will
                be construed and enforced as if such illegal, invalid or unenforceable
                provision had never comprised a part hereof; (iii) the remaining
                provisions of this Note will remain in full force and effect and
                will not
                be affected by the illegal, invalid or unenforceable provision or
                by its
                severance here from; and (iv) in lieu of such illegal, invalid or
                unenforceable provision, there will be added automatically as a part
                of
                this Note a legal, valid and enforceable provision as similar in
                terms to
                such illegal, invalid or unenforceable provision as may be
                possible.

            

    

    

    
      	
              9.

            	
              Any
                notice, authorization, request or demand required or permitted to
                be given
                hereunder shall be in writing and shall be deemed to have been duly
                given
                two days after it is sent by an internationally recognized delivery
                service to the address of record of the Lender or the Borrower,
                respectively. Any party may change its address for such communications
                by
                giving notice thereof to the other parties in conformity with this
                Section.

            

    

    

    
      	
              10.

            	
              This
                Note shall be governed by and construed under the laws of the State
                of
                Nevada as applied to agreements entered into and to be performed
                entirely
                within such State. Each party hereby irrevocably consents to the
                jurisdiction of the courts of any competent jurisdiction over one
                or more
                of the parties. In any such litigation the Borrower waives personal
                service of any summons, complaint or other process and agrees that
                the
                service thereof may be made by certified or registered mail directed
                to
                the registered corporate office of Borrower in the State of its
                incorporation. The Company hereby expressly waives trial by jury
                in any
                litigation in any court with respect to, in connection with, or arising
                out of this Note or the validity, protection, interpretation, collection
                or enforcement hereof and the company hereby waives the right to
                interpose
                any setoff or non-compulsory counterclaim or cross-claim in connection
                with any such litigation, irrespective of the nature of such setoff,
                counterclaim or cross-claim.

            

    

    
      
         

      

      
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              Kingston
                Mines Ltd.

            	
              Promissory
                Note

            

    

    

    
      	
              11.

            	
              A
                default shall exist on this Note if any of the following occurs and
                is
                continuing: (i) Failure to pay Principal and any accrued Interest
                on the
                Note on or before the Due Date; (ii) Failure by the Borrower to perform
                or
                observe any other covenant or agreement of the Borrower contained
                in this
                Note; (iii) A custodian, receiver, liquidator or trustee of the Borrower,
                or any other person acting under actual or purported force of law
                takes
                ownership, possession or title to Borrower property; (iv) any of
                the
                property of the Borrower is sequestered by court order; (v) a petition
                or
                other proceeding, voluntary or otherwise is filed by or against the
                Borrower under any bankruptcy, reorganization, arrangement, insolvency,
                readjustment of indebtedness, dissolution or liquidation law of any
                jurisdiction, whether now or hereafter in effect; or (vi) the Borrower
                makes an assignment for the benefit of its creditors, or generally
                fails
                to pay its obligations as they become due, or consents to the appointment
                of or taking possession by a custodian, receiver, liquidator or trustee
                of
                the Borrower or all or any part of its property. Upon any such default,
                the Borrower shall immediately notify the Lender, and upon notice
                to the
                Borrower, the Lender may declare the Principal of the Note, plus
                accrued
                Interest, to be immediately due and payable, upon which such Principal
                and
                accrued Interest shall become due and payable immediately. Interest
                upon
                default shall thereafter accrue at the rate of 15% per annum, calculated
                based on a year of 365 days and actual days elapsed from the date
                of such
                default. 

            

    

     

    
      	
              12.

            	
              The
                Borrower, any endorser, or guarantor hereof or in the future (individually
                an "Obligor" and collectively "Obligors") and each of them jointly
                and
                severally: (a) waive presentment, demand, protest, notice of demand,
                notice of intent to accelerate, notice of acceleration of maturity,
                notice
                of protest, notice of nonpayment, notice of dishonor, and any other
                notice
                required to be given under the law to any Obligor in connection with
                the
                delivery, acceptance, performance, default or enforcement of this
                Note,
                any endorsement or guaranty of this Note, any pledge, security, guaranty
                or other documents executed in connection with this Note; (b) consent
                to
                all delays, extensions, renewals or other modifications of this Note,
                or
                waivers of any term hereof or thereof, or release or discharge by
                the
                Lender of any of Obligors, or release, substitution or exchange of
                any
                security for the payment hereof, or the failure to act on the part
                of the
                Lender or any indulgence shown by the Lender (without notice to or
                further
                assent from any of Obligors), and agree that no such action, failure
                to
                act or failure to exercise any right or remedy by the Lender shall
                in any
                way affect or impair the Obligations (as hereinafter defined) of
                any
                Obligors or be construed as a waiver by the Lender of, or otherwise
                affect, any of the Lender's rights under this Note, under any endorsement
                or guaranty of this Note; (c) if the Borrower fails to fulfill its
                obligations hereunder when due, agrees to pay, on demand, all costs
                and
                expenses of enforcement of collection of this Note or of any endorsement
                or guaranty hereof and/or the enforcement of the Lender's rights
                with
                respect to, or the administration, supervision, preservation, protection
                of, or realization upon, any property securing payment hereof, including,
                without limitation, all attorney's fees, costs, expenses and
                disbursements, including, without further limitation, any and all
                fees
                related to any legal proceeding, suit, mediation arbitration, out
                of court
                payment agreement, trial, appeal, bankruptcy proceedings or any other
                actions of any nature whatsoever required on the part of Lender or
                Lender’s representatives to enforce this Note and the rights hereunder;
                and (d) waive the right to interpose any defense, set-off or
                counterclaim of any nature or description.

            

    

    
      
         

      

      
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              Kingston
                Mines Ltd.

            	
              Promissory
                Note

            

    

    

    
      	
              13.

            	
              The
                Borrower will not, by amendment of its Certificate of Incorporation
                or
                through any reorganization, recapitalization, transfer of assets,
                consolidation, merger, dissolution, issue or sale of securities or
                any
                other voluntary action, avoid or seek to avoid the observance or
                performance of any of the terms to be observed or performed hereunder
                by
                the Borrower, but will at all times in good faith assist in the carrying
                out of all the provisions of this Agreement and in the taking of
                all such
                action as may be necessary or appropriate in order to protect the
                rights
                of the Lender of this Note against impairment. This Note shall be
                enforceable against all successors and assigns of Borrower. Borrower
                hereby covenants that all of its subsidiaries and affiliates shall
                jointly
                and severally perform this Agreement to the same and full extent
                on behalf
                of Borrower if Borrower is unable to
                perform.

            

    

    

    
      	
              14.

            	
              This
                Note and all matters related hereto shall be governed, construed
                and
                enforced under the laws of the State of New York, without regard
                to
                conflict of law principles of any jurisdiction to the
                contrary.

            

    

    

    
      	
              15.

            	
              This
                Note supersedes all prior discussions and agreements between the
                parties
                with respect to the subject matter hereof and thereof and contains
                the
                sole and entire agreement between the parties hereto with respect
                to the
                subject matter hereof.

            

    

    

    
      	
              16.

            	
              If
                the Lender loses this Note, the Borrower shall issue an identical
                replacement note to the Lender upon the Lender's delivery to the
                Borrower
                of a customary agreement to indemnify the Borrower reasonably satisfactory
                to the Borrower for any losses resulting from issuance of the replacement
                note.

            

    

    

    
      	
              17.

            	
              The
                terms and conditions of this Note shall inure to the benefit of and
                be
                binding upon the respective successors and assigns of the parties.
                Nothing
                in this Note, express or implied, is intended to confer upon any
                party
                other than the parties hereto or their respective successors and
                assigns
                any rights, remedies, obligations, or liabilities under or by reason
                of
                this Note, except as expressly provided in this
                Note.

            

    

    

    IN
      WITNESS WHEREOF, the Borrower has caused this Note to be dated, executed and
      issued on its behalf, by its duly appointed and authorized officer, as of the
      date first above written.

    

    KINGSTON
      MINES LTD. 

    

      
        	
                By:

              	
                /s/
                  Barbara Salz

              
	 	
                Name: Barbara
                  Salz

              
	 	
                Title: 
                  Corporate Secretary

              

      

       

      
        
           

        

        
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