Document:

ex101.htm

    
      Exhibit 10.1

       

      

      

      ASSET
PURCHASE AGREEMENT

      

      AMONG

      

      DUTCH
GOLD RESOURCES, INC.,

      

      DGRI
AGDI ACQUISITION CORPORATION

      

      AND

      

      AULTRA
GOLD INC.

      

      December
31, 2009

       

      
        
          
          

        

        
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      ASSET
PURCHASE AGREEMENT

      

      This Asset Purchase Agreement (this
"Agreement") is made and entered into as of December __, 2009, by and among
DUTCH GOLD RESOURCES,
INC., a publicly-owned Nevada Corporation, (“Dutch Gold”), DGRI AGDI ACQUISITION
CORPORATION, a Georgia corporation (the “Purchaser”), and AULTRA GOLD, INC., a an
publicly-owned Nevada corporation (the “Seller”). Dutch Gold, the Purchaser and
the Seller are referred to herein individually as a “Party” and collectively as
the “Parties.”

      

      RECITALS

      

      WHEREAS, the Seller is in the
business of acquiring and exploring gold and mineral properties and is the owner
of certain assets of gold and precious mineral properties and certain assets and
equipment related to the exploration and development of such properties (the
“Mining Business”);

      

      WHEREAS, the Purchaser is a
wholly-owned subsidiary of Dutch Gold; and

      

      WHEREAS, the Seller desires to
sell and Purchaser desires to purchase all of the Seller’s right, title and
interest in the Mining Business and the related assets and services as provided
herein, pursuant to the terms and conditions set forth herein;

      

      NOW, THEREFORE, in
consideration of the premises and the mutual promises made in this Agreement,
and for other good and valuable consideration, the sufficiency and receipt of
which are hereby acknowledged, the Parties agree as follows.

      

      1.0 DEFINITIONS. For purposes of this
Agreement and the Acquisition Documents, the capitalized terms shall have the
meanings set forth below:

      

      1.1.           “Acquired
Assets” means all right, title and interest of the Seller as set forth on
Schedule 1.1 including the books and records as of the Closing Date, but
excluding the Excluded Assets.

      

      1.2.           “Acquisition
Documents” means this Agreement and all transfer documents, assumption
agreements or other documents or agreements related to the consummation of the
transactions contemplated in this Agreement.

      

      1.3.           “Affiliate”
has the meaning set forth in Rule 12b-2 of the regulations promulgated under the
Securities Exchange Act of 1934, as amended.

      

      1.4.           “Agreement”
has the meaning set forth in the Preface.

      

      1.5.           “Assumed
Liabilities” means all of the obligations and Liabilities of the Seller arising
after the Effective Time but excluding the Excluded Liabilities.

      

      1.6.           “Closing”
means the closing of the transactions contemplated by this
Agreement.

      

      1.7.           “Closing
Date” means  December 31, 2009.

      

      1.8.           “Code”
means the Internal Revenue Code of 1986, as amended.

      

      1.9.           “Disclosure
Schedule” has the meaning set forth in Section 3.

      

      1.10.           “Effective
Time” has the meaning set forth in Section 2.4.

      

      1.11.           “Excluded
Assets" means all assets of the Seller not explicitly included in the Acquired
Assets, including the following:

       

      
        
          
          

        

        
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      (i)           all
refunds (or credits) of any Tax for any Tax year or portion thereof ending on or
before the Closing Date (or for any Tax year beginning before and ending after
the Closing Date to the extent allocable to the portion of such period beginning
before and ending on the Closing Date);

      

      (ii)           all
leases, office equipment, fixtures, furniture, supplies, software and software
licenses of Seller;

      

      (iii)           all
of Seller's rights, claims or causes of action against Third Parties relating to
the Acquired Assets with respect to the period prior to the Closing;
and

      

      (iv)           the
names “Basin Gulch”, “Jungo”, or any related or similar trade names, trademarks,
service marks or logos to the extent the same incorporate the name “Basin
Gulch”, “Jungo”.

      

      1.12.           “Excluded
Liabilities” means all obligations, commitments, or Liabilities of the Seller,
whether known or unknown, absolute, contingent, or otherwise, and whether or not
related to the Acquired Assets or the Mining Business, except for the Assumed
Liabilities. Without limiting the generality of the preceding sentence, the
Purchaser shall not assume or become liable for any of the following obligations
and Liabilities of the Seller:

      

      (a)           Any
Liability or obligation arising out of any employee benefit plan (i) maintained
by or covering employees of the Seller or (ii) to which the Seller has made any
contribution or to which the Seller could be subject to any
Liability;

      

      (b)           Any
losses, costs, expenses, damages, claims, demands and judgments of every kind
and nature (including the defenses thereof and reasonable attorneys' and other
professional fees) related to or arising out of or in connection with Seller's
failure to comply with the bulk transfer, bulk sales, or any similar statute as
enacted in any jurisdiction, domestic or foreign;

      

      (c)           Any
Liability or obligation arising out of any action or failure to act by the
Seller prior to the Effective Time;

      

      (d)           Any
Liability of the Seller with respect to any claim or cause of action, regardless
of when made or asserted, which arises (i) out of or in connection with the
Mining Business or the Acquired Assets prior to the Effective Time or (ii) with
respect to any service provided by the Seller prior to the Closing Date;
and

      

      (e)           Any
Liabilities or obligations of the Seller relating to the Excluded
Assets.

      

      1.13.           “Governmental
Authorization” means any consent, license, registration or permit issued,
granted, given or otherwise made available by or under the authority of any
Governmental Body or pursuant to any Legal Requirement.

      

      1.14.           “Governmental
Body” means any federal, state, local, municipal, foreign or other government or
any governmental or quasi-governmental authority of any nature (including any
agency, branch, department, board, commission, court, tribunal or other entity
exercising governmental or quasi-governmental powers).

      

      1.15.           “Indemnified
Party” has the meaning set forth in Section 9.2(d).

      

      1.16.           “Indemnifying
Party” has the meaning set forth in Section 9.2(d).

      

      1.17.           “IRS”
means the Internal Revenue Services.

       

      
        
          
          

        

        
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      1.18.           “Knowledge”
means actual knowledge.

      

      1.19.           “Legal
Requirement” means any federal, state, local, municipal, foreign, international,
multinational or other constitution, law, ordinance, principle of law, code,
regulation, statute or treaty.

      

      1.20.           “Liability”
means any liability (whether known or unknown, asserted or unasserted, absolute
or contingent, accrued or unaccrued, liquidated or unliquidated, or due or to
become due), including any liability for Taxes.

      

      1.21.           “Mining
Business” has the meaning set forth in the Recitals.

      

      1.22.           “Party”
has the meaning set forth in the Preface.

      

      1.23.           “"Person”
means an individual, a partnership, a limited liability company, a corporation,
an association, a joint stock company, a trust, a joint venture, an
unincorporated organization, or a Governmental Body.

      

      1.24.           “Preface”
means the first paragraph of this Agreement.

      

      1.25.           “Purchase
Price” has the meaning set forth in Section 2.3.

      

      1.26.           “Purchaser”
has the meaning set forth in the Preface.

      

      1.27           “Representative”
with respect to a particular Person, any director, officer, manager, employee,
agent, consultant, advisor, accountant, financial advisor, legal counsel or
other representative of such Person.

      

      1.28.           “Securities
Act” means the Securities Act of 1933, as amended.

      

      1.29.           “Security
Interest” means any mortgage, pledge, lien, encumbrance, charge, or other
security interest.

      

      1.30.           “Seller”
has the meaning set forth in the Preface.

      

      1.31.           “Seller
Material Adverse Effect” has the meaning set forth in Section
3.1(a).

      

      1.32.           “Specified
Employees” has the meaning set forth in Section 8.6.

      

      1.33.           “Tax”
means any federal, state, local, or foreign income, gross receipts, license,
payroll, employment, excise, severance, stamp, occupation, premium, windfall
profits, environmental, customs duties, capital stock, franchise, profits,
withholding, social security (or similar), unemployment, disability, real
property, personal property, sales, use, transfer, registration, value added,
alternative or add-on minimum, estimated, or other tax of any kind whatsoever,
including any interest, penalty, or addition thereto, whether disputed or
not.

      

      1.34.           “Tax
Return” means any return, declaration, report, claim for refund, or information
return or statement relating to Taxes, including any schedule or attachment
thereto, and including any amendment thereof.

       

      
        
          
          

        

        
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      1.35.           “Third
Party” means any Person who is not a Party.

      

      1.36.           “Transaction”
means the actions contemplated within this Agreement and the Acquisition
Documents.

      

      

      2.           BASIC
TRANSACTION.

      

      2.1           Purchase
and Sale of Assets. Upon and subject to the terms and conditions of this
Agreement, simultaneously with the execution and delivery of this Agreement, the
Purchaser is purchasing from the Seller, and the Seller is selling,
transferring, conveying, assigning, and delivering to the Purchaser, all of the
Acquired Assets, free and clear of all liens, claims, charges, Security
Interests, and encumbrances of any kind or nature other than the
following:

      

      (a) Aultra Gold Inc. shall retain a Two
Per Cent NSR royalty on all claims that were not subject to a royalty at the
date of Closing.

      

      (b) William R. Hansen retains a Two Per
Cent NSR royalty on a block of claims of the Jungo property in Humboldt County,
Nevada; The Metesh Family maintains a royalty interest as set forth in
disclosure documents filed by Aultra Gold, Inc. with the Securities and Exchange
Commission.

      

      2.2           Assumption
of Assumed Liabilities. Upon and subject to the terms and conditions of this
Agreement, simultaneously with the execution and delivery of this Agreement, the
Purchaser is assuming and becoming responsible for the performance and
satisfaction of the Assumed Liabilities. Under no circumstances will the
Purchaser assume or have any responsibility with respect to any of the Excluded
Liabilities. The Seller will remain responsible for the performance and
satisfaction of the Excluded Liabilities.

      

      2.3           Purchase
Price and Payment.  The purchase price for the Acquired Assets shall
be Nine Million Six Hundred Fourteen Thousand Six Hundred Sixty Seven Dollars
(9,614,667) shares of Dutch Gold’s common stock, par value $0.001 per share (the
“Shares”) and shall be delivered by Dutch Gold to the Seller at the Closing (the
“Purchase Price”).

      

      (a)           Restrictions
on Transfer.  The parties acknowledge and agree that as of the Closing
Date none of the Shares shall be registered under U.S. Federal or Blue Sky Laws
and are intended to be issued pursuant to an exemption therefrom under Rule 506
of Regulation D, Section 4(2) of the Securities Act or other applicable
exemption, shall be “restricted securities” within
the meaning of Rule 144 promulgated under the Securities Act, and may not be
resold, offered for resale, transferred, pledged, distributed or otherwise
hypothecated unless registered under the Securities Act and applicable Blue Sky
Laws or exempt from such registration under the terms of Rule 144 or otherwise,
and the Seller receives an opinion of counsel satisfactory to Seller in its
reasonable discretion to the effect that such registration is not required. Each
certificate representing any Shares, shall bear a legend substantially in the
following form:

      

      “THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES
ACT OF 1933 (THE “ACT”) OR APPLICABLE STATE SECURITIES LAWS AND ARE “RESTRICTED
SECURITIES” WITHIN THE MEANING OF RULE 144 UNDER THE ACT.  THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, ASSIGNED, HYPOTHECATED OR
OTHER-WISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION
FROM SUCH REGISTRATION, PROVIDED THAT THE ISSUER OF THESE SECURITIES SHALL HAVE
FIRST RECEIVED AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE ISSUER TO THE
EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.”

       

      
        
          
          

        

        
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      (b)           Dutch
Gold shall instruct its transfer agent to annotate the applicable records to
reflect the restrictions on transfer contained in this Agreement on the Closing
Date with respect to the Shares.

      

      2.4           The
Closing. The Closing is taking place simultaneously with the execution and
delivery of this Agreement at the offices of the Purchaser and shall be
effective as of the date first set forth above (the “Effective
Time”).

      

      2.5           Deliveries
at the Closing. In addition to any other documents to be delivered under other
provisions of this Agreement, at the Closing:

      

      (a)           The
Seller has executed, acknowledged (if appropriate) and delivered tothe Purchaser:

      

      (i)           evidence
that the consents listed in Section 6.2 have all been obtained;

      

      (ii)           assignment
agreement(s) transferring title to the Acquired Assets to the Purchaser in the
form attached as Exhibit C; and

      

      (iii)           a
certificate of the Secretary of the Seller certifying and attaching all
requisite resolutions or actions of the respective boards of directors and
shareholders of the Seller approving the execution and delivery by the Seller of
the Acquisition Documents to which they are a party and the consummation of the
transactions contemplated in such Acquisition Documents, and certifying to the
incumbency and signatures of the officers of the Seller executing the
Acquisition Documents and any other document relating to the transactions
contemplated by this Agreement.

      

      (b)           The
Purchaser has executed, acknowledged (if appropriate), and delivered to the
Seller:

      

      (i)           assumption
agreement(s) pursuant to which the Purchaser is assuming the Assumed Liabilities
in the form attached as Exhibit B; and

      

      (ii)           a
certificate of the Secretary of the Purchaser certifying and attaching all
requisite resolutions or actions of the Purchaser's board of directors approving
the execution and delivery of the Acquisition Documents to which it is a party
and the consummation of the transactions contemplated in such Acquisition
Documents, and certifying to the incumbency and signatures of the officers of
the Purchaser executing the Acquisition Documents to which it is a party and any
other document relating to the transactions contemplated by this
Agreement;

      

      (c)           Dutch
Gold has executed, acknowledged (if appropriate), and delivered to the
Seller:

      

      (i)           stock
certificates evidencing the Shares, with all necessary transfer taxes and other
revenue stamps affixed and acquired at the Purchaser’s expense; and

      

      (ii)           a
certificate of the Secretary of Dutch Gold certifying and attaching all
requisite resolutions or actions of Dutch Gold’s board of directors approving
the execution and delivery of the Acquisition Documents to which it is a party
and the consummation of the transactions contemplated in such Acquisition
Documents, and certifying to the incumbency and signatures of the officers of
Dutch Gold executing the Acquisition Documents to which it is a party and any
other document relating to the transactions contemplated by this
Agreement.

      

      

      3.           REPRESENTATIONS
AND WARRANTIES OF THE SELLER.

      

      The Seller represents and warrants to
the Purchaser that, except as set forth in the disclosure schedule (the
"Disclosure Schedule") attached by the Parties (it being understood that the
disclosure of any fact with respect to any section of this Agreement shall be
deemed to be disclosure of that fact with respect to every other section of this
Agreement, provided that it reasonably ascertainable that such disclosure would
reasonably apply to another section or sections of this Agreement):

      

      3.1           Organization
and Capitalization of the Seller. The Seller is a corporation duly organized,
validly existing and in good standing under the laws of the State of Nevada. The
Seller is duly qualified to conduct business as a foreign corporation and is in
good standing under the laws of each jurisdiction where such qualification is
required except where the lack of such qualification would not have a material
adverse effect on the Acquired Assets (a “Seller Material Adverse Effect”). The
Seller has delivered to the Purchaser correct and complete copies of the charter
and bylaws of the Seller (as amended to date).

      

      3.2           Authorization
of Transaction. The Seller has full corporate power and authority to execute and
deliver the Acquisition Documents to which it is a party and to perform its
obligations in all respects as required by the Acquisition Documents. The board
of directors and stockholders of the Seller has duly authorized the execution,
delivery and performance of the Acquisition Documents to which Seller is a
party. The Acquisition Documents constitute valid and legally binding
obligations of the Seller, enforceable in accordance with their terms and
conditions, in each case subject to bankruptcy, insolvency, reorganization,
moratorium and similar laws of general application relating to or affecting
creditors' rights and to general equity principles.

      

      3.3           Non-contravention.
Except as disclosed in Section 3.3 of the Disclosure Schedule, neither the
execution and the delivery of the Acquisition Documents, nor the consummation or
performance of the transactions contemplated in the Acquisition Documents, will
(a) violate any constitution, statute, regulation, rule, injunction, judgment,
order, decree, ruling, or other restriction of any government, governmental
agency or court to which the Seller is subject or any provision of the charter
or bylaws of the Seller, or (b) conflict with, result in a breach of, constitute
a default under, result in the acceleration of, create in any party the right to
accelerate, terminate, modify, or cancel, or require any notice under any
agreement, contract, lease, license, instrument, or other arrangement to which
the Seller is a party or by which the Seller is bound or to which any of the
Acquired Assets is subject (or result in the imposition of any Security Interest
upon any of its Acquired Assets) except where the violation, conflict, breach,
default, acceleration, termination, modification, cancellation, failure to give
notice, or Security Interest would not have a Seller Material Adverse Effect, or
a material adverse effect on the ability of Seller to consummate the
transactions contemplated in the Acquisition Documents. Section 3.3 of the
Disclosure Schedule sets forth each Governmental Authorization, and each notice
to, filing with, and authorization, consent, or approval of any Governmental
Body or Third Party, which is required to be obtained by the Seller in order for
the Parties to consummate the transactions contemplated in the Acquisition
Documents.

      

      3.4           Disclosure.  To
Seller's Knowledge, no representation or warranty of the Seller in this
Agreement or in any Schedule furnished by the Seller, or in connection with the
transactions contemplated herein, contains any untrue statement of material fact
or omits to state any material fact necessary in order to make the statements
contained therein not misleading, and all such representations, warranties and
Schedules are true.

       

      
        
          
          

        

        
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      3.5           Restricted
Stock.  The Seller understands that the Shares are restricted stock,
which has not been registered with the Securities and Exchange Commission, any
state securities agency or any foreign securities agency, and further, the Stock
has not been approved or disapproved by the Securities and Exchange Commission,
any state securities agency or any foreign securities agency.

      

      3.6           Brokers'
Fees. Neither the Seller has any Liability or obligation to pay any fees or
commissions to any broker, finder, or agent with respect to the transactions
contemplated in the Acquisition Documents.

      

      3.7           Title
to Assets. Except as set forth on Section 3.9 of the Disclosure Schedule, the
Seller has good and valid title to all of the Acquired Assets, free and clear of
all Security Interests or restrictions on transfer.

      

      3.8           Tax
Matters.

      

      (a)           With
respect to all Taxes, the nonpayment of which would result in a lien or other
encumbrance on any of the Acquired Assets, would materially adversely affect the
Mining Business or would result in Purchaser or its Affiliates becoming liable
or responsible therefor, except as set forth on Section 3.10(a) of the
Disclosure Schedule, (i) each of the Seller has filed on a timely basis all Tax
Returns with respect to such Taxes that it was required to file; (ii) all such
Tax Returns were correct and complete in all material respects; (iii) all Taxes
owed by the Seller (whether or not shown on any Tax Return) on or prior to the
date hereof have been paid; (iv) the Seller is not currently the beneficiary of
any extension of time within which to file any Tax Return with respect to such
Taxes; and (v) there are no Security Interests on any of the assets of the
Seller that arose in connection with any failure (or alleged failure) to pay any
such Tax.

      

      (b)           Except
as set forth on Section 3.10(b) of the Disclosure Schedule, the Seller has
withheld and paid all Taxes which are due and are required to have been withheld
and paid in connection with amounts paid or owing to any employee prior to the
Effective Time.

      

      (c)           Except
as set forth on Section 3.10(c) of the Disclosure Schedule, the Seller has not
waived any statute of limitations in respect of, or agreed to any extension of
time with respect to an assessment or deficiency relating to, any Taxes, the
nonpayment of which would result in a lien or other encumbrance on any of the
Acquired Assets, would otherwise adversely affect the Mining Business or would
result in Purchaser or its Affiliates becoming liable or responsible
therefor.

      

      (d)           Except
as set forth on Section 3.10(d) of the Disclosure Schedule, no unpaid Taxes of
Seller that are due have created, or will create a lien or encumbrance on any of
the Acquired Assets.

      

      3.9           Powers
of Attorney. There are no outstanding powers of attorney executed by or on
behalf of the Seller that could reasonably be expected to have a Seller Material
Adverse Effect.

      

      3.10           Litigation.
Section 3.12 of the Disclosure Schedule sets forth each instance in which the
Seller (a) is subject to any outstanding injunction, judgment, order, decree,
ruling, or charge or (b) is a party or, to the Knowledge of the Seller is
threatened to be made a party, to any action, suit, proceeding, hearing, or
investigation of, in, or before any court or quasi-judicial or administrative
agency of any federal, state, local, or foreign jurisdiction or before any
arbitrator relating, directly or indirectly, to any of the Acquired
Assets.

       

      
        
          
          

        

        
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      3.11           Financial
Statements. The financial statements relating to the Mining Business previously
provided by the Seller to the Purchaser, copies of which are attached as Section
3.13 to the Disclosure Schedule, in the opinion of Seller's management fairly
present the financial condition of the Mining Business as of the respective
dates thereof and the results of operations of the Mining Business for the
periods indicated, it being understood that such financial statements have not
been audited or reviewed by independent accountants and do not contain footnote
disclosures and reflect assets and liabilities which are not being acquired by
Purchaser.

      

      3.12           Events
Subsequent to the Balance Sheet Date. Since September 30, 2009, there has not
been any material adverse change, singly or in the aggregate, in the financial
condition or results of operations of the Mining Business nor has there been any
event which has had or may reasonably be expected to have a material adverse
effect on any of the foregoing.

      

      3.13           Certain
Liabilities.  As of the date of this Agreement, except as set forth
herein, Seller has no liabilities relating to the Acquired Assets, other than
(i) liabilities incurred in the ordinary course of business or consistent with
past practices relating to the Acquired Assets, (ii) liabilities otherwise made
known or discovered by the Purchaser in the course of Purchaser’s investigation
of the Acquired Assets, and (iii) liabilities that taken together would have a
material adverse effect.

      

      3.14           Legal
Compliance. Except as disclosed in Section 3.14 of the Disclosure Schedule, the
Seller and their respective predecessors and Affiliates have each complied in
all material respects with all laws (including rules, regulations, codes, plans,
injunctions, judgments, orders, decrees, rulings, and charges thereunder) of
federal, state and local governments (and all agencies thereof) which are
specifically applicable to the Mining Business. To Seller’s Knowledge, after
reasonable inquiry, no release emission, or discharge into the environment of
hazardous substances, as defined under the Comprehensive Environmental Response,
Compensation and Liability Act of 1980 (42 U.S.C. Section 9601 et seq.), or air pollutants
as defined under the Clean Air Act (42 U.S.C. Section 7401 et seq.), has occurred or is
occurring on the properties described in Schedule 1.1 in excess of federally
permitted releases or reportable quantities.  Seller has no Knowledge
of any past or existing violations of any such laws, ordinances or regulation
used by any governmental authority.

      

      3.15           Title
to Leases.  To Seller’s Knowledge, Seller has a good and valid right,
title and interest to one hundred percent of the undivided interest in the
leases granted in the mining rights to the properties described in Schedule 1.1
(the “Leases”), and all such rights are owned free and clear of any and all
liens, mortgages, security interests, pledges, charges, assignments, deeds of
trust, encumbrances, options, tax liens, mechanic’s lien, materialmen’s liens,
or other charges or encumbrances of any kind.

      

      3.16           Leases
and Royalties.  Except for the Leases set forth in Section 1.1, the
properties described in Schedule 1.1 are not subject to any leases, nor are
there any royalties burdening said properties.  For purposes hereof,
the term “royalties” shall mean all amounts payable as a share of the product or
profit from property, and includes, without limitation, production payments,
minimum royalties, overriding royalties and bonus payments.

      

      3.17           Payment
of Production.  To Seller’s Knowledge, Seller is not presently obliged
under any purchase or sale agreements, refining agreements, production
agreements, production payment agreements, operating agreements, participation
agreements, security agreements or any other agreements to make future
deliveries of production attributable to said properties described in Schedule
1.1.

      

      3.18           Insolvency.  Seller
is not insolvent as such term is defined in the Federal Bankruptcy Code, not has
it ever been insolvent at any time during the 90-day period immediately prior to
the date of this Agreement.

      

      3.19           Employees.  The
Seller has no employees other than its executive officers.

       

      
        
          
          

        

        
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      4.           REPRESENTATIONS
AND WARRANTIES OF THE PURCHASER.  The Purchaser represents and
warrants to the Seller that:

      

      4.1           Organization
of the Purchaser. The Purchaser is a corporation duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its
incorporation. The Purchaser is duly qualified to conduct business and is in
good standing under the laws of each jurisdiction where such qualification is
required except where the lack of such qualification would not have a material
adverse affect on the business, financial condition, operations or results of
operations of the Purchaser. The Purchaser has full corporate power and
authority and all licenses, permits, and authorizations necessary to carry on
the businesses in which it is engaged and in which it presently proposes to
engage and to own and use the properties owned and used by it.

      

      4.2           Authorization
of Transaction. The Purchaser has full power and authority (including full
corporate power and authority) to execute and deliver the Acquisition Documents
to which it is a party and to perform its obligations thereunder. The board of
directors of the Purchaser has duly authorized the execution, delivery, and
performance of the Acquisition Documents to which the Purchaser is a party. No
approval of the stockholders of the Purchaser is required in order for the
Purchaser to consummate the transactions contemplated by this Agreement. The
Acquisition Documents constitute the valid and legally binding obligations of
the Purchaser, enforceable in accordance with their terms and
conditions.

      

      4.3           Non-contravention.
Neither the execution and the delivery of the Acquisition Documents to which it
is a party, nor the consummation of the transactions contemplated in the
Acquisition Documents, will (a) violate any constitution, statute, regulation,
rule, injunction, judgment, order, decree, ruling, charge, or other restriction
of any government, governmental agency, or court to which the Purchaser is
subject or any provision of its charter or bylaws, or (b) conflict with, result
in a breach of, constitute a default under, result in the acceleration of,
create in any party the right to accelerate, terminate, modify, or cancel, or
require any notice under any agreement, contract, lease, license, instrument, or
other arrangement to which the Purchaser is a party or by which it is bound or
to which any of its assets is subject. The Purchaser does not need to give any
notice to, make any filing with, or obtain any authorization, consent, or
approval of any government or governmental agency in order for the Parties to
consummate the transactions contemplated by the Acquisition
Documents.

      

      4.4           Brokers'
Fees. The Purchaser has no Liability or obligation to pay any fees or
commissions to any broker, finder, or agent with respect to the transactions
contemplated in the Acquisition Documents.

      

      5.           REPRESENTATIONS
AND WARRANTIES OF DUTCH GOLD.  Dutch Gold represents and warrants to
the Seller that:

      

      5.1           Organization
of the Purchaser. Dutch Gold is a corporation duly organized, validly existing,
and in good standing under the laws of the jurisdiction of its incorporation.
Dutch Gold is duly qualified to conduct business and is in good standing under
the laws of each jurisdiction where such qualification is required except where
the lack of such qualification would not have a material adverse affect on the
business, financial condition, operations or results of operations of Dutch
Gold. Dutch Gold has full corporate power and authority and all licenses,
permits, and authorizations necessary to carry on the businesses in which it is
engaged and in which it presently proposes to engage and to own and use the
properties owned and used by it.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      

      5.2           Authorization
of Transaction. Dutch Gold has full power and authority (including full
corporate power and authority) to execute and deliver the Acquisition Documents
to which it is a party and to perform its obligations thereunder. The board of
directors of Dutch Gold has duly authorized the execution, delivery, and
performance of the Acquisition Documents to which the Purchaser is a party. No
approval of the stockholders of Dutch Gold is required in order for Dutch Gold
to consummate the transactions contemplated by this Agreement. The Acquisition
Documents constitute the valid and legally binding obligations of the Purchaser,
enforceable in accordance with their terms and conditions.

      

      5.3           Non-contravention.
Neither the execution and the delivery of the Acquisition Documents to which it
is a party, nor the consummation of the transactions contemplated in the
Acquisition Documents, will (a) violate any constitution, statute, regulation,
rule, injunction, judgment, order, decree, ruling, charge, or other restriction
of any government, governmental agency, or court to which Dutch Gold is subject
or any provision of its charter or bylaws, or (b) conflict with, result in a
breach of, constitute a default under, result in the acceleration of, create in
any party the right to accelerate, terminate, modify, or cancel, or require any
notice under any agreement, contract, lease, license, instrument, or other
arrangement to which Dutch Gold is a party or by which it is bound or to which
any of its assets is subject. Dutch Gold does not need to give any notice to,
make any filing with, or obtain any authorization, consent, or approval of any
government or governmental agency in order for the Parties to consummate the
transactions contemplated by the Acquisition Documents.

      

      5.4           Capitalization;
Ownership of Shares. The authorized capital stock of Dutch Gold consists of
500,000,000 authorized shares of common stock, $0.001 par value,  and
10,000,000 authorized shares of preferred stock, $0.001 par value.  As
of the Closing: (a) 124,373,622 shares of Dutch Gold's Common Stock are issued
and outstanding; (b) no shares of Dutch Gold’s Preferred Stock are issued and
outstanding; (c) no options to acquire any Dutch Gold Common Stock are
outstanding; and (d) no warrants to purchase any Dutch Gold Common Stock are
outstanding.  The Shares issued to the Seller pursuant to the terms of
this Agreement will be duly authorized, validly issued, fully paid and
nonassessable.  None of such Shares will be issued to the Sellers in
violation of any preemptive or preferential rights of any Person.

      

      5.5           No
Liens on Shares.  The Shares when issued to the Seller
pursuant  to the terms of this  Agreement  (a)
will be free and clear of any liens, restrictions, security interests, claims,
rights of another,
or  Encumbrances  of  any  kind  whatsoever;  (b)  will  not
be  subject  to any outstanding
options,  warrants,  calls, or similar rights of any other
person to acquire the same;  and (c) will not be subject to
any  restrictions on transfer thereof.  Dutch Gold has the
full power and authority to convey, and will convey to the Sellers, good and
marketable title to the Shares, free and clear of all such liens, restrictions,
security interests, claims, rights of another or Encumbrances of any kind
whatsoever.

      

      5.6           Authorization
to Convey the Shares.  Dutch Gold has full power and authority to
sell, convey, assign and transfer the Shares to the Seller and otherwise
consummate the transactions contemplated by this Agreement. The Seller shall
acquire good and marketable title to the Shares, free and clear of all Liens.
The Shares will be legally issued, fully paid and non-assessable and shall not
be issued in violation of the pre-emptive or other rights of any other person.
No authorization, approval or consent of any third party is required for the
lawful execution, delivery and performance of this Agreement by Dutch
Gold.

       

      

      6.           CONDITIONS
PRECEDENT TO PURCHASER'S AND DUTCH GOLD’S OBLIGATION TO CLOSE.

      

      The obligation of Purchaser and Dutch
Gold to purchase the Acquired Assets and to take the other actions required to
be taken by Purchaser at the Closing is subject to the satisfaction, at or prior
to the Closing, of each of the following conditions (any of which may be waived
by Purchaser and Dutch Gold, in whole or in part, in writing):

      

      6.1           Accuracy
of Representations. The representations and warranties of Seller set forth in
Section 3 that refer specifically to and are made as of the date of this
Agreement shall have been accurate as of the date of this Agreement, and all
other representations and warranties of Seller set forth in Section 3 shall
be accurate as of the Closing Date as if made on and as of the Closing Date
provided, however,
that, for purposes of this Section 6.1, any inaccuracies in the
representations and warranties of Seller will be disregarded unless all such
inaccuracies, considered collectively, have a material adverse effect on the
value of the Acquired Assets taken as a whole.

      

      
           6.2           Consents.
Seller will obtain the following Consents to the transactions contemplated by
this Agreement and the Acquisition documents.

      

      (a)           ______________________________;

      (b)           ___________________________________________________;

      (c)           ___________________________________________________;

      (d)           ___________________________________________________;
and

      (e)           ___________________________________________________.

      

      6.3           Performance
of Covenants. Seller shall have performed, in all material respects, all
covenants required by this Agreement to be performed by Seller on or before the
Closing Date.

      

      6.4           Additional
Documents. Each of the following additional documents shall have been delivered
to Purchaser:

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      

      (a)           a
certificate, executed by an executive officer of Seller, confirming that, to the
actual knowledge of such executive officer, the conditions set forth in Sections
6.1 and 6.2 have been satisfied;

      

      (b)           such
bills of sale, assignments and other instruments as Seller may be required to
execute in order to evidence and effectuate the transfer of the Acquired Assets
to Purchaser; and

      

      (c)           such
good standing certificates and other similar documents as Purchaser and Dutch
Gold may reasonably request to ensure that the actions required to be taken by
Seller at the Closing have been properly authorized.

      

      6.5           No
Restraints. No injunction or other order preventing the consummation of the
transactions contemplated by this Agreement shall have been issued since the
date of this Agreement by any court of competent jurisdiction and shall remain
in effect; and no Legal Requirement that makes consummation of the transactions
contemplated by this Agreement illegal shall have been enacted or adopted since
the date of this Agreement and shall remain in effect.

      

      7.           CONDITIONS
PRECEDENT TO SELLER'S OBLIGATION TO CLOSE.

      

      Seller's obligation to sell and
transfer the Acquired Assets to Purchaser and to take the other actions required
to be taken by Seller at the Closing is subject to the satisfaction, at or prior
to the Closing, of each of the following conditions (any of which may be waived
by Seller, in whole or in part, in writing):

      

      7.1           Accuracy
of Representations.  The representations and warranties set forth in
Section 4 and 5 shall be accurate in all material respects as of the Closing
Date provided, however,
that, for purposes of this Section 7.1, any inaccuracies in the representations
and warranties of Purchaser and Dutch Gold, as the case may be, will be
disregarded unless all such inaccuracies, considered collectively, have a
material adverse effect on the business, assets (tangible or intangible),
liabilities or operations of the Purchaser.

      

      7.2           Performance
of Covenants.  Purchaser shall have performed, in all material
respects, all covenants required by this Agreement to be performed by Purchaser
on or before the Closing Date.

      

      7.3           Additional
Documents.

      

      (a)           A
certificate, executed by an executive officer of each the Purchaser and Dutch
Gold, confirming that, to the actual knowledge of such executive officer, the
conditions set forth in Sections 7.1 and 7.2 have been satisfied;
and

      

      (b)           such
good standing certificates and other similar documents as Seller may reasonably
request to ensure that the actions required to be taken by Purchaser at the
Closing have been properly authorized.

      

      7.4           No
Restraints. No injunction or other order preventing the consummation of the
transactions contemplated by this Agreement shall have been issued since the
date of this Agreement by any court of competent jurisdiction and shall remain
in effect; and no Legal Requirement that makes consummation of the transactions
contemplated by this Agreement illegal shall have been enacted or adopted since
the date of this Agreement and shall remain in effect.

       

      
        
          
          

        

        
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      8.           POST-CLOSING
COVENANTS. The Parties agree with respect to the period following the
Closing:

      

      8.1           General;
Access.  If at any time after the Closing, any further action is
necessary or desirable to carry out the purposes of the Acquisition Documents,
each of the Parties will take such further action (including the execution and
delivery of such further instruments and documents) as any other Party may
reasonably request, all at the sole cost and expense of the requesting Party
(unless the requesting Party is entitled to indemnification
therefor).

      

      8.2           Litigation
Support. In the event and for so long as any Party actively is contesting or
defending against any action, suit, proceeding, hearing, investigation, charge,
complaint, claim, or demand in connection with (i) any transaction contemplated
under the Acquisition Documents or (ii) any fact, situation, circumstance,
status, condition, activity, practice, plan, occurrence, event, incident,
action, failure to act, or transaction occurring prior to the Effective Time
involving the Seller, each of the other Parties will cooperate with each other
and their counsel in the contest or defense, make available their personnel, and
provide such testimony and access to their books and records as shall be
reasonably necessary in connection with the contest or defense, all at the sole
cost and expense of the contesting or defending Party (unless the contesting or
defending Party is entitled to indemnification therefor).

      

      8.3           Tax
Matters. The following provisions shall govern the allocation of responsibility
as between the Purchaser and the Seller for certain tax matters following the
Closing Date:

      

      (a)           The
Purchaser and the Seller shall cooperate fully, as and to the extent reasonably
requested by the other, in connection with the filing of Tax Returns and any
audit, litigation or other proceeding with respect to Taxes. Such cooperation
shall include the retention and (upon the other's reasonable request) the
provision of records and information which are reasonably relevant to any such
audit, litigation or other proceeding and making employees available on a
mutually convenient basis to provide additional information and explanation of
any material provided. The Seller and the Purchaser agree (i) to retain all
books and records with respect to Tax matters relating to any taxable period
beginning before the Closing Date until the expiration of the statute of
limitations (and, to the extent notified by the Purchaser or the Seller, any
extensions thereof) of the respective taxable periods, and to abide by all
record retention agreements entered into with any taxing authority, and (ii) to
give the other reasonable written notice prior to transferring, destroying or
discarding any such books and records and, if the party so requests, to allow
the other party to take possession of such books and records.

      

      8.4           SEC
Reports. Seller will: (i) promptly deliver to the Purchaser a copy of each
report or other document filed with the SEC on behalf the Seller during the
Pre-Closing Period; and (ii) seek the prior approval of the Purchaser prior to
filing any current reports with the SEC disclosing the Transaction.

       

      
        
          
          

        

        
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      9.           INDEMNIFICATION
AND RELATED MATTERS.

      

      9.1           Survival.  Subject
to Section 9.2(c), all representations, warranties, covenants and agreements set
forth in this Agreement or in any writing delivered in connection with this
Agreement will survive the Closing Date and the consummation of the transactions
contemplated hereby and will not be affected by any examination made for or on
behalf of the Purchaser or Dutch Gold, the Knowledge of any of its officers,
directors, stockholders, employees or agents, or the acceptance of any
certificate or other writing.

      

      9.2           Indemnification.

      

      (a)           The
Seller agrees to indemnify Dutch Gold, its officers, directors, affiliates and
stockholders (“the “Dutch Gold Group) and the Purchaser, its officers,
directors, affiliates and stockholders (the “Purchaser Group”) and hold them
harmless from and against any loss, liability, deficiency, damage or expense
(including, without limitation, legal expenses and costs and including interest
and penalties, but excluding punitive damages (other than punitive damages
awarded to third parties) and lost profits resulting from business
interruptions) (a “Loss”) which the Purchaser Group and/or Dutch Gold Group may
suffer, sustain or become subject to, as a result of (i) the breach by the
Seller of any representation or warranty made by the Seller contained in this
Agreement, any schedule or exhibit hereto or any certificate delivered by or on
behalf of the Seller to the Purchaser or Dutch Gold in connection with the
Closing, (ii) the breach by the Seller of any covenant or agreement made by the
Seller contained in this Agreement, any schedule or exhibit hereto or any
certificate delivered by or on behalf of the Seller to Purchaser or Dutch Gold
in connection with the Closing, (iii) any claims of any brokers or finders
claiming by, through or under Seller or in respect of the transactions
contemplated herein, (iv) any Taxes of the Seller with respect to any taxable
periods (or portions thereof) ending on or prior to the Closing
Date.  The Seller shall be responsible for paying the Seller’s Pro
Rata Share of any Losses suffered or sustained by any member of the Purchaser
Group and/or Dutch Gold Group.

      

      (b)           The
Seller will be liable to the Purchaser Group and Dutch Gold Group with respect
to claims referred to in Section 9.2(a)(i) above only if Purchaser or Dutch
Gold, as the case may be, delivers to the Seller Representative written notice
thereof no later than the date which is eighteen months after the Closing
Date.  Notwithstanding anything herein to the contrary, the foregoing
limitation shall not apply in the event of any breach of a representation and
warranty by or on behalf of the Seller that constitutes fraud or intentional
misrepresentation.

      

      (c)           The
Purchaser agrees to indemnify the Seller and hold Seller harmless from and
against any Loss which the Seller may suffer, sustain or become subject to, as
the result of (i) a breach of any representation nor warranty made by the
Purchaser contained in this Agreement, any schedule or exhibit hereto or any
certificate delivered by or on behalf of the Purchaser in connection with the
Closing and (ii) a breach of any covenant or agreement made by Purchaser
contained in this Agreement, any schedule or exhibit hereto or any certificate
delivered by or on behalf of Purchaser.

      

      (d)           Dutch
Gold agrees to indemnify the Seller and hold Seller harmless from and against
any Loss which the Seller may suffer, sustain or become subject to, as the
result of (i) a breach of any representation nor warranty made by Dutch Gold
contained in this Agreement, any schedule or exhibit hereto or any certificate
delivered by or on behalf of Dutch Gold in connection with the Closing and (ii)
a breach of any covenant or agreement made by Dutch Gold contained in this
Agreement, any schedule or exhibit hereto or any certificate delivered by or on
behalf of Purchase

      

      (e)           If
a party hereto seeks indemnification under this Section 9.2, such party (the
“Indemnified Party”) shall give written notice to the other party (the
“Indemnifying Party”) of the facts and circumstances giving rise to the claim.
In that regard, if any suit, action, claim, liability or obligation shall be
brought or asserted by any third party which, if adversely determined, would
entitle the Indemnified Party to indemnity pursuant to this Section 9.2, the
Indemnified Party shall promptly notify the Indemnifying Party of the same in
writing, specifying in reasonable detail the basis of such claim and the facts
pertaining thereto and the Indemnifying Party, if it so elects (except that the
Indemnifying Party may not so elect without the Indemnified Party’s consent
unless (i) the Indemnifying Party acknowledges in writing its obligation to
indemnify the Indemnified Party for the entire amount of any Loss relating
thereto (without deduction, offset or limitation by operation of any provision
hereof), (ii) the Indemnifying Party provides reasonable evidence to the
Indemnified Party of its financial ability to satisfy its indemnification
obligations, (iii) the suit, action, claim, liability or obligation does not
seek to impose any liability or obligation upon the Indemnified Party other than
for money damages, and (iv) such suit, action, claim, liability or obligation
does not relate to the Indemnified Party’s relationship with its customers,
suppliers or employees) shall assume and control the defense thereof (and shall
consult with the Indemnified Party with respect thereto), including the
employment of counsel reasonably satisfactory to the Indemnified Party and the
payment of expenses. If the Indemnifying Party elects to assume and control the
defense, the Indemnified Party shall have the right to employ counsel separate
from counsel employed by the Indemnifying Party in any such action and to
participate in the defense thereof, but the fees and expenses of such counsel
employed by the Indemnified Party shall be at the expense of the Indemnified
Party unless (y) the employment thereof has been specifically authorized by
the Indemnifying Party in writing or (z) the Indemnifying Party has failed
to assume the defense and employ counsel. The Indemnifying Party shall not be
liable for any settlement of any action or proceeding, the defense of which it
has elected to assume, which settlement is effected without the written consent
of the Indemnifying Party. If there shall be a settlement to which the
Indemnifying Party consents or a final judgment for the plaintiff in any action
or proceeding, the Indemnifying Party shall indemnify and hold harmless the
Indemnified Party from and against loss or liability by reason of such
settlement or judgment in accordance with this Section.

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      

      (e)           Subject
to the terms and conditions set forth in this Section 9.2, in the event that a
party is finally determined to be entitled to indemnification for any Losses
pursuant to this Section 9.2, then such Indemnified Party may, at its
option, setoff all or any portion of such Losses against any amounts due or to
become due to the Indemnifying Party, whether pursuant to this Agreement or
otherwise.

      

      (f)           The
amount of Losses for which the Indemnifying Party may be liable under this
Section 9.2 shall be the net amount of the Losses suffered by the Indemnified
Party after deducting any proceeds actually received by the Indemnified Party in
respect of such Losses under applicable insurance policies (determined, without
duplication, after giving effect to any increases in premiums resulting
therefrom) or from any other third Person responsible therefor. To the extent
any such proceeds are received by the Indemnified Party with respect to a
particular indemnified Loss after any such indemnity payment is made by the
Indemnifying Party to the Indemnified Party with respect thereto, the
Indemnified Party shall reimburse the Indemnifying Party when and as such
proceeds are received with respect to such particular indemnified
Loss.

      

      (g)           The
amount of any Loss for which indemnification is provided under this Section 9.2
shall be net of any Tax benefits of the Indemnified Party arising directly from
such matter for which an indemnity claim was made, but only as and when realized
in cash by the Indemnified Party and only if such benefits are actually realized
by such Indemnified Party on or before the first anniversary of the date on
which the Indemnified Party makes the claim for indemnification in respect of
such Loss.

      

      9.3           Arbitration. Waiver of Jury
Trial.    Any dispute among any of the Parties arising out
of or in connection with this Agreement, shall be settled by arbitration under
the Rules of the American Arbitration Association for Commercial Disputes and
shall be placed on an expedited or fast track basis.  The number of
arbitrators shall be one (1) if all parties to the dispute agree on the
arbitrator.  If there is a disagreement on selection of a sole
arbitrator, the number of arbitrators then shall be three (3), with the
arbitrators to be appointed in accordance with the Rules from a panel of
arbitrators in New York, New York.  The place of arbitration shall be
in New York, New York, and each Party hereby irrevocably agree to submit to and
not contest personal jurisdiction.  The arbitral award shall state the
reasons for the award, and attorneys’ fees shall be awarded to the prevailing
party as determined by the arbitrator(s).  Judgment upon the award
rendered by the arbitrator(s) may be entered in any court having jurisdiction
thereof, and shall be binding on the parties hereto.  Each Party irrevocably waives to the
extent permitted by law, all rights to trial by jury and all rights to immunity
by sovereignty or otherwise in any action, proceeding or counterclaim arising
out of or relating to this Agreement.

      

      

      10.0           MISCELLANEOUS.

      

      10.1           Press
Releases and Public Announcements. No Party shall issue any press release or
make any public announcement relating to the subject matter of this Agreement
without the prior written approval of the other Party; provided, however, that
any Party may make any public disclosure it believes in good faith is required
by applicable law or any rule or regulation of the Securities and Exchange
Commission (in which case the disclosing Party will use its reasonable best
efforts to advise the other Party prior to making the disclosure, and to allow
such other Party the opportunity to review and comment on such
disclosure).

      

      10.2           No
Third Party Beneficiaries. This Agreement shall not confer any rights or
remedies upon any Person other than the Parties and their respective successors
and permitted assigns.

      

      10.3           Entire
Agreement. This Agreement and the other Acquisition Documents (including the
documents referred to herein) constitute the entire agreement between the
Parties and supersedes any prior understandings, agreements, or representations
by or between the Parties, written or oral, to the extent they related in any
way to the subject matter hereof.

      

      10.4           Succession
and Assignment. This Agreement shall be binding upon and inure to the benefit of
the Parties and their respective successors and permitted assigns. No Party may
assign either this Agreement or any of its rights, interests, or obligations
hereunder without the prior written approval of the other Party; provided,
however, that the Purchaser may (i) assign any or all of its rights and
interests hereunder to one or more of its Affiliates, and (ii) designate one or
more of its Affiliates to perform its obligations hereunder (in any or all of
which cases the Purchaser nonetheless shall remain responsible for the
performance of all of its obligations hereunder).

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      

      10.5           Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original but all of which together will constitute one and the same
instrument.

      

      10.6           Headings.
The section headings contained in this Agreement are inserted for convenience
only and shall not affect in any way the meaning or interpretation of this
Agreement.

      

      10.7           Notices.
All notices, requests, demands, claims, and other communications hereunder will
be in writing. Any notice, request, demand, claim, or other communication
hereunder shall be deemed duly given if (and then two business days after) it is
sent by registered or certified mail, return receipt requested, postage prepaid,
and addressed to the intended recipient.

      

      

      10.8           Governing
Law. This Agreement shall be governed by and construed in accordance with the
domestic laws of the State of Nevada without giving effect to any choice or
conflict of law provision or rule (whether of the State of Nevada or any other
jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of Nevada.

      

      10.9           Amendments
and Waivers. No amendment of any provision of this Agreement shall be valid
unless the same shall be in writing and signed by the Purchaser and the Seller.
No waiver by any Party of any default, misrepresentation, or breach of warranty
or covenant hereunder, whether intentional or not, shall be deemed to extend to
any prior or subsequent default, misrepresentation, or breach of warranty or
covenant hereunder or affect in any way any rights arising by virtue of any
prior or subsequent such occurrence.

      

      10.10           Severability.
Any term or provision of this Agreement that is invalid or unenforceable in any
situation in any jurisdiction shall not affect the validity or enforceability of
the remaining terms and provisions hereof or the validity or enforceability of
the offending term or provision in any other situation or in any other
jurisdiction.

      

      10.11           Expenses.
Each of the Purchaser and the Seller will bear its own costs and expenses
(including legal and accounting fees and expenses) incurred in connection with
this Agreement and the transactions contemplated herein; provided, that any
sales Tax, use Tax, documentary stamp Tax or similar Tax attributable to the
sale or transfer of the Acquired Assets shall be paid by the
Purchaser.

      

      10.12           Construction.
The Parties have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the Parties
and no presumption or burden of proof shall arise favoring or disfavoring any
Party by virtue of the authorship of any of the provisions of this Agreement.
Any reference to any federal, state, local, or foreign statute or law shall be
deemed also to refer to all rules and regulations promulgated thereunder, unless
the context requires otherwise. The word "including" shall mean including
without limitation. The Parties intend that each representation, warranty, and
covenant contained herein shall have independent significance. If any Party has
breached any representation, warranty, or covenant contained herein in any
respect, the fact that there exists another representation, warranty, or
covenant relating to the same subject matter (regardless of the relative levels
of specificity) which the Party has not breached shall not detract from or
mitigate the fact that the Party is in breach of the first representation,
warranty, or covenant.  References to the singular shall include the
plurals and vice versa.

      

      10.13           Incorporation
of Exhibits and Schedules. The Exhibits, Glossary of Terms, and Schedules
identified in this Agreement are incorporated herein by reference and made a
part hereof.

      

      10.14           Specific
Performance. Each of the Parties acknowledges and agrees that the other Party
would be damaged irreparably in the event any of the provisions of this
Agreement are not performed in accordance with their specific terms or otherwise
are breached. Accordingly, each of the Parties agrees that the other Party shall
be entitled to an injunction or injunctions to prevent breaches of the
provisions of this Agreement and to enforce specifically this Agreement and the
terms and provisions hereof in any action instituted in any court of the United
States or any state thereof having jurisdiction over the Parties and the matter,
in addition to any other remedy to which it may be entitled, at law or in
equity.

      

      The Parties hereto irrevocably agree
and consent that all disputes concerning this Agreement or any claim or issue of
any nature (whether brought by the Parties hereto or by any other person
whatsoever) arising from or relating to this Agreement or to the corporate steps
taken to enter into it (including, without limitation, claims for alleged fraud,
breach of fiduciary duty, breach of contract, tort, etc.) which cannot be
resolved within reasonable time through discussions between the opposing
entities, shall be resolved solely and exclusively by means of arbitration to be
conducted in Miami, Florida, which arbitration will proceed in accordance with
the rules of the American Arbitration Association (or any successor organization
thereto) then in force for resolution of commercial disputes.

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      

      IN WITNESS WHEREOF, the
Parties hereto have executed this Asset Purchase Agreement as of the date first
above written.

       

      
        
          	
                  AULTRA GOLD,
      INC.

                   

                	 	 	DUTCH GOLD RESOURCES,
      INC.	 
	
                  /s/

                	 	 	
                  /s/
      Daniel W. Hollis

                	 
	
                  Name

                	 	 	
                  Name: Daniel
      W. Hollis

                	 
	
                  Title:
      Cheif Executive Officer 

                	 	 	
                  Title:
      Chief Executive Officer

                	 

        

      

       

      
        
          	
                  DGRI AGDI ACQUISITION
      CORPORATION

                   

                	 	 	 	 
	
                  /s/
      Daniel W. Hollis

                	 	 	
                   

                	 
	
                  Name:
      Daniel W. Hollis

                	 	 	
                   

                	 
	
                  Title: President

                	 	 	
                	 

        

      16ex102.htm

    Exhibit
10.2

     

    STOCK
PURCHASE AGREEMENT

     

    

     

    THIS
STOCK PURCHASE AGREEMENT (the “Agreement”) is made this December 31, 2009 by and
among DUTCH GOLD RESOURCES,
INC., a publicly-owned Nevada Corporation (the “Buyer”), Rauno Perttu,
Strategic Minerals Inc., a Nevada corporation, and Aultra Gold Capital Inc., a
Turks and Caicos corporation  (collectively, the
“Seller”).

     

    WITNESSETH

     

    WHEREAS,
the Seller is the holder of Six Million Four Hundred Forty Two Thousand Five
Hundred (6,442,500) issued and outstanding shares of the common stock of Aultra
Gold, Inc., a publicly-owned Nevada corporation (the “Company”), with a class of
Securities registered pursuant to the Securities Act of 1933, as amended, whose
shares of common stock, par value $0.001 per share (the “Common Stock”) are
traded on the over the counter Bulletin Board under the symbol “AGDI”;
and

     

    WHEREAS,
the Buyer wishes to purchase from the Seller, and the Seller wishes to sell to
the Buyer, Six Million Four Hundred Forty Two Thousand Five Hundred (6,442,500)
of the shares of Common Stock held by the Seller (the “Shares”) in consideration
the issue of One Million Shares of common shares of Buyer;

     

    NOW
THEREFORE, in consideration of the foregoing and the mutual covenants,
agreements and warranties herein contained and for other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, the
parties agree as follows:

     

    ARTICLE
I

    DEFINITIONS

     

    
      1.     Definitions.

    

     

    The
following terms shall have the following meanings for the purposes of this
Agreement:

     

    (a) “Affiliate”
means, with respect to any specified Person,

     

    (i) any other
Person which, directly or indirectly, owns or controls, is under common
ownership or control with, or is owned or controlled by, such specified
Person;

     

    (ii) any other
Person which is a director, officer or partner or is, directly or indirectly,
the beneficial owner of 10 percent or more of any class of equity securities of
the specified Person or a Person described in clause (a) of this
paragraph;

     

    (iii) another
Person of which the specified Person is a director, officer or partner or is,
directly or indirectly, the beneficial owner of 10 percent or more of any class
of equity securities; or

     

    (iv) any
relative or the spouse of the specified Person or any of the foregoing
Persons.

     

    
      
        
        

      

      
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    (b) “Business
Day” means any day of the year other than:

     

    
      	
              (i)  

            	
              any
      Saturday or Sunday, or

            

    

     

    
      	
              (ii)  

            	
              any
      day which is a Legal Holiday as declared to be such by federal
      law.

            

    

     

    (c) “Closing”
means the consummation(s) of the transactions contemplated herein.

     

    (d) “Closing
Date” means the date on which the Closing occurs.

     

    (e) “Contract”
means any contract, lease, commitment, understanding, sales order, purchase
order, agreement, indenture, mortgage, note, bond, right, warrant, instrument,
plan, permit or license, whether written or oral.

     

    (f) “Dollars”
or numbers preceded by the symbol “$” means amounts in United States
Dollars.

     

    (g) “Governmental
Authority” means the government of the United States or any foreign country or
any state or political subdivision thereof and any entity, body or authority
exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government.

     

    (h) “Law” or
“Laws” means any law, statute, regulation, ordinance, rule, order, decree,
judgment, consent decree, settlement agreement or governmental requirement
enacted, promulgated, entered into, agreed or imposed by any Governmental
Authority.

     

    (i) “Lien”
means any mortgage, lien, charge, restriction, pledge, security interest,
option, lease or sublease, claim, right of any third party, easement,
encroachment or encumbrance.

     

    (j) “Loss” or
“Losses” means any and all liabilities, losses, costs, claims, damages
(including consequential damages), penalties and expenses (including attorneys’
fees and expenses and costs of investigation and litigation). In the event any
of the foregoing are indemnifiable hereunder, the terms “Loss” and “Losses”
shall include any and all attorneys’ fees and expenses and costs of
investigation and litigation incurred by the Indemnified Person in enforcing
such indemnity. No Loss shall be reduced by reason of tax benefits allegedly
enjoyed as a result of such Loss by an Indemnified Party.

     

    (k) “Person”
means any individual, corporation, proprietorship, firm, partnership, limited
partnership, trust, association or other entity, including a government or
government department, agency or instrumentality.

     

    (l) “Parties”
shall mean the Buyer and the Seller, collectively.

     

    (m) “Securities
Act” means the Securities Act of 1933, as amended.

     

    (n) “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

     

    (o) “Security”
or “Securities” means any note, stock, treasury stock, bond, debenture, evidence
of indebtedness, certificate of interest or participation in any profit-sharing
agreement, collateral-trust certificate, reorganization certificate or
subscription, transferable share, investment contract, voting-trust certificate,
certificate of deposit for a security, fractional undivided interest in oil,
gas, or other mineral rights, any put, call, straddle, option, or privilege on
any security, certificate of deposit, or group or index of securities (including
any interest therein or based on the value thereof), or any put, call, straddle,
option, or privilege entered into on a national securities exchange relating to
foreign currency, or, in general, any interest or instrument commonly known as a
“security”, or any certificate of interest or participation in, temporary or
interim certificate for, receipt for, guarantee of, or warrant or right to
subscribe to or purchase, any of the foregoing.

     

    
      
        
        

      

      
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    (p) “Taxes”
means all taxes, charges, fees, duties, levies or other assessments, including
income, gross receipts, net proceeds, ad valorem, turnover, real and personal
property (tangible and intangible), sales, use, franchise, excise, value added,
stamp, leasing,  lease, user, transfer, fuel, excess profits,
occupational, interest equalization, windfall profits, severance, employee's
income withholding, other withholding, unemployment and Social Security taxes,
which are imposed by any Governmental Authority, and such term shall include any
interest, penalties or additions to tax attributable thereto.

     

    ARTICLE
II

    SALE
AND PURCHASE OF SHARES

     

    2.1    Sale and
Purchase of Shares.

     

    (a)           The
Seller hereby agrees to sell to the Buyer the Shares, which represent
approximately Sixty-Seven Percent (67%) of the issued and outstanding shares of
capital stock of the Company, free and clear of all Liens, and the Buyer hereby
agrees to purchase all such Shares, subject to the terms and conditions of this
Agreement, in consideration for: (i) the issuance of One Million (1,000,000)
newly-issued shares of the Buyer’s common stock, par value $0.001 per share (the
“Purchase Shares”); and (ii) other good and valuable considerations, receipt of
which is acknowledged herein (the “Purchase Price”).

     

    (b)           On
the Closing Date, the Buyer shall deliver the Purchase Shares and the
Indebtedness Retirement and the Seller shall deliver the Shares in their
collective possession and medallion guaranteed stock powers for all the Shares
to the Buyer.  The Buyer acknowledges that 24,325,000 of the
pre-reverse split Shares are currently being held without permission by Randall
Lanham, an attorney in California located at 28562 Oso Parkway, Suite D, Rancho
Santa Margarita, California 92688

    

     

    ARTICLE
III

    REPRESENTATIONS
AND WARRANTIES OF THE SELLER

     

    3.1           Ownership of
Securities.  Except as set forth herein, the Seller is the
owner, beneficially and of record, of the Shares, free and clear of any adverse
claim, lien, option, charge, security interest or encumbrance of any nature
whatsoever (collectively, the “Liens”). The Seller is allowed to sell the Shares
in a private transaction without volume limitation.

    

    3.2           Authorization to Convey the
Shares.  Except as set forth herein, the Seller has full power
and authority to sell, convey, assign and transfer the Shares to the Buyer and
otherwise consummate the transactions contemplated by this Agreement and receive
payment for the Shares as contemplated by this Agreement. The Buyer shall
acquire good and marketable title to the Shares free and clear of all Liens. No
authorization, approval or consent of any third party is required for the lawful
execution, delivery and performance of this Agreement by the
Seller.

    

    3.3           Non-contravention.  This
Agreement constitutes a valid and legally binding obligation of the Seller,
enforceable against it in accordance with its terms.  Neither the
execution and delivery of this Agreement, nor the consummation of the
transactions contemplated hereby in the manner herein provided, will constitute
a violation of or default under, or conflict with, any judgment, decree, statute
or regulation or any governmental authority applicable to the Seller or any
contract, commitment, agreement or restriction of any kind to which the Seller
is a party or by which its assets are bound.  The execution and
delivery of this Agreement does not, and the consummation of the transactions
described herein will not, violate applicable law, or any mortgage, lien,
agreement, indenture, lease or understanding (whether oral or written) of any
kind outstanding relative to the Seller.

     

    
      
        
        

      

      
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    3.4           Approval of
Agreement. This Agreement is the legal, valid, and binding obligation of
the Seller enforceable in accordance with its terms.

    

    3.5           Governmental
Authorizations.  The Seller is not required to obtain
authorization, approval, consent, or order of, or make a registration or filing,
with, any court or other governmental body in connection with the execution and
delivery by the Seller of this Agreement and the consummation by the Seller of
the transactions contemplated hereby.

    

    3.6           No Conflict With Other
Instruments.  The execution of this Agreement and the
consummation of the transactions contemplated hereby, will not result in the
breach of any term or provision of, constitute an event of default under, or
require the consent or approval of any third-party pursuant to, any material
contract, agreement, or instrument to which the Seller is a party.

    

    3.7           No
Misrepresentations.  None of the information contained in the
representations and warranties of the Seller set forth in this Agreement
contains  any untrue statement of a material fact or omits to state a
material fact necessary to make the statements contained herein not
misleading.

    

    3.8           No
Distribution.  The Shares were not (i) purchased by the Seller,
for cash or service from the Company with a view to distribution or (ii) are
being sold for the Company in connection with a
distribution.  Furthermore, the Seller is not participating in a
distribution by the Company.

    

    3.9           Financial
Disclosure.  That the Financial Statements of the Company
contained in its periodic filings with the Securities and Exchange Commission
are true and accurate, and that there are no claims, creditors, liens or
encumbrances of any kind, nature or description that are not contained on the
financial statements.

    

    ARTICLE
IV

    REPRESENTATIONS
AND WARRANTIES OF THE BUYER

     

    In order
to induce the Seller to enter into this Agreement, the Buyer represents and
warrants to the Seller, as at the date of this Agreement and as at the Closing
Date (as if such representations and warranties were remade on the Closing
Date), as follows:

     

    4.1           The
Buyer understands that the Shares are restricted stock, which has not been
registered with the Securities and Exchange Commission, any state securities
agency or any foreign securities agency, and further, the Stock has not been
approved or disapproved by the Securities and Exchange Commission, any state
securities agency or any foreign securities agency.

     

    4.2           The
Buyer is acquiring the Shares solely for investment for his or her own account
and not with a view to, or for, resale in connection with any distribution
within the meaning of any federal securities act, state securities act or any
other applicable federal or state laws;

     

    4.3           The
Buyer understands the speculative nature and risks of investments associated
with the Shares, and confirms that the Shares would be suitable and consistent
with his or her to bear the risks of this investment; and that there is no
public market for the stock subscribed for herein.

     

    
      
        
        

      

      
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    ARTICLE
V

    COVENANTS

     

    5.1           Resignation as Officer and
Director.  Rauno Perttu shall resign as an officer and director
of the Company and tender his resignation from such positions effective as of
the Closing Date.

    

    

5.2           Exclusivity.  The
Seller shall not shall, directly or indirectly, solicit, initiate, encourage,
respond favourably to, permit or condone inquiries or proposals from, or provide
any Confidential Information to, or participate in any discussions or
negotiations with, any person (other than the Buyer, and the respective
directors, officers, employees, representatives and agents)
concerning:

    

    (i) any
merger, sale of assets not in the ordinary course of business, acquisition,
business combination, change of control or other similar transaction involving
the Company, or

     

    (ii) any
purchase or other acquisition by any person of the Shares, or

     

    (iii) any sale,
or issuance by the Company of any shares of its Securities.

     

    5.3           The
Seller will promptly advise the Buyer of, and communicate to the Buyer, the
terms and conditions of (and the identity of the Person making), any such
inquiry or proposal received.
 

     

    5.4           The Seller not to
Inhibit. Neither the Seller nor the Company will take any action (nor
omit to take any action) which would adversely affect the ability of the Seller
to sell and convey the Shares to the Buyer or adversely affect the business or
business prospects of the Company.

     

    

     

    ARTICLE
VI

    CONDITIONS
PRECEDENT TO OBLIGATIONS OF THE BUYER

     

    The
obligations of the Buyer under this Agreement are subject to the satisfaction or
waiver by the Buyer of the following conditions precedent on or before the
Closing Date unless otherwise specified:

     

    
6.1           Warranties True as of Both
Present Date and Closing Dates. The representations and warranties of the
Seller contained herein shall have been accurate, true and correct on and as of
the date of this Agreement, and shall also be accurate, true and correct on and
as at the Closing Date with the same force and effect as though made by the
Seller on the Closing Date.

    

    6.2           Compliance with Agreements
and Covenants.  The Seller shall have performed and complied
with all of its respective covenants, obligations and agreements contained in
this Agreement to be performed and complied with by them on or prior to the
Closing Date.

     

    6.3           Actions or
Proceedings.  No action or proceeding by any Governmental
Authority or other Person shall have been instituted or threatened which could
enjoin, restrain or prohibit, or could result in substantial damages in respect
of, any provision of this Agreement or the consummation of the transactions
contemplated hereby.

     

    
      
        
        

      

      
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    ARTICLE
VII

    CONDITIONS
PRECEDENT TO OBLIGATIONS OF THE SELLER

     

    The
obligations of the Seller under this Agreement are subject to the satisfaction
or waiver by the Seller of the following conditions precedent on or before the
Closing Date:

     

    
7.1           Warranties True as of Both
Present Date and Closing Date.  The representations and
warranties of the Buyer contained herein shall have been accurate, true and
correct on and as of the date of this Agreement, and shall also be accurate,
true and correct on and as at the Closing Date with the same force and effect as
though made by the Buyer on the Closing Date.

     

    7.2           Compliance with Agreements
and Covenants. The Buyer shall have performed and complied with all of
its respective covenants, obligations and agreements contained in this Agreement
to be performed and complied with by it on or prior to the Closing Date.
 

     

    7.3           Actions or
Proceedings.  No action or proceeding by any Governmental
Authority or other Person shall have been instituted or threatened which could
enjoin, restrain or prohibit, or could result in substantial damages in respect
of, any provision of this Agreement or the consummation of the transactions
contemplated hereby.

     

    ARTICLE
VIII

    THE
CLOSING

     

    
8.1           The
Closing.

     

    (a) The
Closing shall be scheduled to occur at 12:00 noon at the offices of the Buyer,
on or before ten days from the date first set forth above (the “Termination
Date”), or on such later date as the Parties hereto shall mutually
agree.

     

    (b) The
Closing, and all transactions to occur at the Closing, shall be deemed to have
taken place at, and shall be effective as of, the close of business on the
Closing Date.

     

    
8.2           Deliveries
by the Seller.

     

    At the
Closing, in addition to any other documents or agreements required under this
Agreement, the Seller shall deliver to the Buyer the following:

     

    (a) Certificates
evidencing the Shares, and medallion guaranteed stock powers executed in blank,
with all signatures medallion guaranteed and with all necessary transfer taxes
and other revenue stamps affixed and acquired at the Seller’s
expense;

     

    (c) The
written resignation of Rauno Perttu;

     

    (d) Evidence,
in form satisfactory to the Buyer, that all consents and approvals have been
obtained;

     

    (e) A
certificate dated as at the Closing Date of the Seller certifying as to the
compliance by the Seller with Sections 6.1 and 6.2;

     

    
      
        
        

      

      
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    (f) The
Certificate of Incorporation or similar instruments of the Company certified by
the Secretary of State or equivalent Person of the jurisdiction of incorporation
of the Company, and By-laws or similar instruments of the Company, certified by
the Secretary of the Company;

     

    (g) Certificates
of Good Standing for the Company from the State of Nevada;

     

    
8.3           Deliveries
by the Buyer. At the Closing, the Buyer shall deliver to the Seller the
following:

     

    (a) the
Purchase Price;

     

    (b) A
certificate dated at the Closing Date, of an executive officer of the Buyer,
certifying as to compliance by the Buyer as the case may be, with Sectios 7.1
and 7.2.

     

    ARTICLE
IX

    TERMINATION

     

    
9.1           Termination.  This
Agreement may be terminated at any time on or prior to the Closing
Date:

     

    (a) By the
mutual consent of the Seller and the Buyer;

     

    (b) By the
Seller or the Buyer, if the Closing shall not have taken place on or before the
Termination Date; provided however, that the right to terminate this Agreement
under this Section 10.1 (b) shall not be available to any Party whose wilful
failure to fulfil any obligation under this Agreement has been the cause of or
resulted in the failure of the Closing to occur on or before such
date;

     

    (c) By the
Buyer, if there shall have been a breach of any covenant, representation or
warranty or other agreement of the Seller hereunder, and such breach shall not
have been remedied within ten (10) business days after receipt by the Seller of
a notice in writing from the Buyer specifying the breach and requesting such be
remedied; or

     

    (d) By the
Seller, if there shall have been a breach of any covenant, representation or
warranty or other agreement of the Buyer hereunder, and such breach shall not
have been remedied within ten (10) business days after receipt by the Buyer of
notice in writing from the Seller specifying the breach and requesting such be
remedied.

     

    
9.2           Effect
of Termination.  If this Agreement is terminated pursuant to Section
10.1, all obligations of the Parties hereunder shall terminate, except for the
obligations set forth in Article X, which shall survive the termination of this
Agreement, and except that no such termination shall relieve any party from
liability for any prior wilful breach of this Agreement.

     

    ARTICLE
X

    INDEMNIFICATION

     

    
10.1           Seller
hereby agrees to indemnify Buyer and each of its officers, agents and directors
as of the date of execution of this Agreement against any loss, liability,
claim, damage, or expense (including, but not limited to, any and all expense
whatsoever reasonably incurred in investigating, preparing, or defending against
any litigation, commenced or threatened, or any claim whatsoever), to which it
or they may become subject arising out of or based on any inaccuracy appearing
in or misrepresentation made in this Agreement. The indemnification provided for
in this paragraph shall survive the Closing.

     

    
      
        
        

      

      
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    10.2           Buyer
hereby agrees to indemnify Seller against any loss, liability, claim, damage, or
expense (including, but not limited to, any and all expense whatsoever
reasonably incurred in investigating, preparing, or defending against any
litigation, commenced or threatened, or any claim whatsoever), to which it or
they may become subject arising out of or based on any inaccuracy appearing in
or misrepresentation made under this Agreement. The indemnification provided for
in this paragraph shall survive the Closing.

     

    ARTICLE
XI

    MISCELLANEOUS

     

               11.1           Expenses.  The
Seller shall pay all expenses of the Seller and the Company (including
attorneys’ fees and expenses), and the Buyer shall pay all expenses of the Buyer
(including attorneys’ fees and expenses), in each case incurred in connection
with this Agreement and the transactions contemplated hereby.

    

               11.2           
Amendment.  This Agreement may be amended, modified or supplemented
but only in writing signed by each of the Parties hereto.

    

               11.3           
Notices.

    

    Any notice, request, instruction or
other document required by the terms of this Agreement to be given to any other
Party hereto shall be in writing and shall be given either

    

    (a) by
telephonic facsimile, in which case notice shall be presumptively deemed to have
been given at the date and time displayed on the sender’s transmission
confirmation receipt showing the successful receipt thereof by the
recipient;

     

    (b) by hand
delivery or Federal Express or other method in which the date of delivery is
recorded by the delivery service, in which case notice shall be presumptively
deemed to have been given at the time that records of the delivery service
indicate the writing was delivered to the addressee;

     

    (c) by
prepaid telegram, in which case notice shall be presumptively deemed to have
been given at the time that the records of the telegraphic agency indicate that
the telegram was telephoned or delivered to the recipient or addressee, as the
case may be; or

     

    (d) by U.S.
mail to be sent by registered or certified mail, postage prepaid, with return
receipt requested, in which case notice shall be presumptively deemed to have
been given forty-eight (48) hours after the letter was deposited with the United
States Postal Service.

     

               11.4           
Waivers.

    

    (a) The
failure of a Party hereto at any time or times to require performance of any
provision hereof shall in no manner affect its right at a later time to enforce
the same.

     

    (b) No waiver
by a Party of any condition or of any breach of any term, covenant,
representation or warranty contained in this Agreement shall be effective unless
in writing, and no waiver in any one or more instances shall be deemed to be a
further or continuing waiver of any such condition or breach in other instances
or a waiver of any other condition or breach of any other term, covenant,
representation or warranty.

     

    
      
        
        

      

      
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               11.5           Counterparts.

    

    This Agreement may be executed in one
or more counterparts, and by different Parties hereto in separate counterparts,
each of which when so executed shall be deemed an original, but all of which
together shall constitute one and the same instrument.

    

               11.6           Interpretation.

    

    (a) The
headings preceding the text of Articles and Sections included in this Agreement
and the headings to Exhibits attached to this Agreement are for convenience only
and shall not be deemed part of this Agreement or be given any effect in
interpreting this Agreement.

     

    (b) The use
of the masculine, feminine or neuter gender herein shall not limit any provision
of this Agreement. The use of the terms “including” or “include” shall in all
cases herein mean “including, without limitation” or “include, without
limitation”, respectively.

     

    (c) Consummation
of the transactions contemplated herein shall not be deemed a waiver of a breach
of or inaccuracy in any representation, warranty or covenant or of any party's
rights and remedies with regard thereto.

     

    (d) No
specific representation, warranty or covenant contained herein shall limit the
generality or applicability of a more general representation, warranty or
covenant contained herein.

     

    (e) A breach
of or inaccuracy in any representation, warranty or covenant shall not be
affected by the fact that any more general or less general representation,
warranty or covenant was not also breached or inaccurate.

     

               11.7           Assignment.

    

    (a) This
Agreement shall be binding upon and inure to the benefit of the Parties hereto
and their respective estates, heirs, legal representatives, successors and
assigns.

     

    (b) No
assignment of any rights or obligations hereunder may be made by the Seller or
by the Company without the prior written consent of the Buyer.

     

               11.8           No
Third-Party Beneficiaries.   This Agreement is solely for the
benefit of the Parties hereto and, to the extent provided herein, their
respective estates, heirs, successors, Affiliates, directors, officers,
employees, agents and representatives, and no provision of this Agreement shall
be deemed to confer upon other third parties any remedy, claim, liability,
reimbursement, cause of action or other right.

    

    11.9           Publicity.  Prior
to the Closing Date, except as required by Law or the rules of any stock
exchange, no public announcement or other publicity regarding the transactions
referred to herein shall be made by the Buyer, the Seller, the Company or any of
their respective Affiliates, officers, directors, employees, representatives or
agents, without the prior written agreement of the Buyer and the Seller, in any
case, as to form, content, timing and manner of distribution or publication;
provided, however, that nothing in this Section shall prevent such parties from
discussing such transactions with those Persons whose approval, agreement or
opinion, as the case may be, is required for consummation of such particular
transaction or transactions.

    

               11.10           Further
Assurances.   Upon the reasonable request of the Buyer, the
Seller will on and after the Closing Date execute and deliver to the Buyer such
other documents, releases, assignments and other instruments as may be required
to effectuate completely the transfer and assignment to the Buyer of, and to
vest fully in the Buyer title to, the Shares, and to otherwise carry out the
purposes of this Agreement.

    

               11.11           Severability.  If
any provision of this Agreement shall be held invalid, illegal or unenforceable,
the validity, legality or enforce ability of the other provisions hereof shall
not be affected thereby, and there shall be deemed substituted for the provision
at issue a valid, legal and enforceable provision as similar as possible to the
provision at issue.

    

               11.12           Remedies
Cumulative.   Unless otherwise specified, the remedies provided
in this, Agreement shall be cumulative and shall not preclude the assertion or
exercise of any other rights or remedies available by law, in equity or
otherwise.

    

               11.13           Entire
Understanding.  This Agreement and the Related Agreements set forth
the entire agreement and understanding of the Parties hereto and supersede any
and all prior agreements, arrangements and understandings among the
Parties.

    

               11.14           Applicable
Law; Resolution of Disputes; Venue.

     

    
      
        
        

      

      
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    (a) This
Agreement shall be governed by and construed and enforced in accordance with the
internal laws of the State of Nevada without giving effect to the, principles of
conflicts of Law thereof.

     

    (b) JURISDICTION AND VENUE; WAIVER OF
JURY TRIAL.  This Agreement is subject to the exclusive
jurisdiction of the courts of the State of Nevada and of the United States of
America  without reference to conflict of law
principles.  THE
PARTIES HEREBY (I) AGREE NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF
RIGHT BY A JURY, AND (II) WAIVE ANY RIGHT TO TRIAL BY JURY TO THE FULLEST EXTENT
THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST.  THIS WAIVER OF
RIGHT TO TRIAL BY JURY IS SEPARATELY AND KNOWINGLY AND VOLUNTARILY GIVEN, BY
EACH OF THE PARTIES HERETO.

     

    (c) Each
entity or Party involved in litigation or arbitration shall be responsible for
its own costs and expenses of any litigation or arbitration proceeding,
including its own attorney's fees (for any litigation, arbitration, and any
appeals).

     

    

     

    (The
rest of this page left intentionally blank.)

     

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    

    IN WITNESS WHEREOF, the
Parties hereto have executed this Stock Purchase Agreement as of the date first
above written.

    

     

     

    

    ______________________

    RAUNO
PERTTU

     

     

    STRATEGIC
MINERALS, INC.

     

    By:__________________

     

    Name:
Rauno Perttu

     

    Title:   Chief
Executive Officer

    

     

     

    AULTRA
GOLD, INC.

     

    By:__________________

     

    Name:  Rauno
Perttu

     

    Title:   Chief
Executive Officer

    

     

    DUTCH
GOLD RESOURCES INC.

     

    By:____________________

    Name:
Daniel W. Hollis

    Title:  Chief
Executive Officer

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

     

    SCHEDULE
A

     

    
      	
              Name

            	
              Number of Shares

            
	 
      	 
      
	
               

              Rauno
      Perttu

            	
               

              3,510,000

            
	
               

              Strategic
      Minerals Inc.

            	
               

              2,000,000

            
	
               

              Aultra
      Gold Capital Inc.

            	
               

              932,500

            

    

    
 

     

    12

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