Document:

Exhibit 10.1 Mineral Claims Purchase Agreement

EXHIBIT 10.1

 

Mineral Claims Purchase Agreement

MINERAL CLAIMS PURCHASE AGREEMENT

THIS MINERAL CLAIMS PURCHASE AGREEMENT (this “Agreement”) is dated for effect as of April 4, 2013

BETWEEN:

New York Tutor Company , a Nevada corporation (" Purchaser ");

AND:

Guerrero Exploration Inc. , an Alberta corporation (" Guerrero " or the " Vendor ")

WHEREAS:

A.

Guerrero, through its wholly owned local subsidiaries, is the beneficial owner of the --- unpatented mineral claims (the " Property ") located in Botswana, as more particularly described in Schedule "A" hereto; and

B.

Guerrero has agreed to sell to the Purchaser and the Purchaser has agreed to purchase from Guerrero all of the rights, title and interest of Guerrero in and to the Property as herein provided.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency whereof is hereby acknowledged by the parties, the parties agree as follows:

1.0

DEFINITIONS

1.1

In this Agreement, except as otherwise expressly provided or as the context otherwise requires:

" Agreement " means this Agreement, including the Schedules hereto, as amended or supplemented from time to time.

" Property " means the mineral claims described in Schedule "A", and all mining leases and other mining interests derived from any such claims, and a reference herein to mineral claims comprised in the Property includes any mineral leases or other interests into which such mineral claim may have been converted.

1.2

The headings are for convenience only and are not intended as a guide to interpretation of this Agreement or any portion thereof.

1.3

The word "including", when following any general statement or term, is not to be construed as limiting the general statement or term to the specific items or matters set forth or to similar items or matters, but rather as permitting the general statement or term to refer to all other items or matters that could reasonably fall within its broadest possible scope.

1.4

All accounting terms not otherwise defined herein have the meanings assigned to them, and all calculations to be made hereunder are to be made, in accordance with U.S. generally accepted accounting principles applied on a consistent basis.

1.5

In this Agreement, except as otherwise specified, all references to currency mean U.S. currency.

1.6

A reference to a statute includes all regulations made thereunder, all amendments to the statute or regulations in force from time to time, and any statute or regulation that supplements or supersedes such statute or regulations.

1.7

A reference to an entity includes any successor to that entity.

1.8

A reference to "approval", "authorization" or "consent" means written approval, authorization or consent.

2.0

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

2.1

The Vendor represents and warrants to the Purchaser that:

(a)

it is the beneficial owner of the Property;

(b)

Vendor and its subsidiaries are validly existing and in good standing in the jurisdictions of their incorporation and all jurisdictions in which they do business  and are lawfully qualified to hold the beneficial interest in the Property in Botswana;

(c)

the Vendor has full power and authority for the execution of this Agreement and for the performance of this Agreement by it, and the consummation of the transaction herein contemplated and, subject to approval from the Botswana government, does not require any third party consents, will not conflict with or result in any breach of any covenants or agreements contained in, violate the rights of any third party, or constitute a default under, or result in the creation of any encumbrance under the provisions of any indenture, agreement or other instrument whatsoever to which the Vendor is a party or by which it is bound or to which it may be subject;

(d)

to the best of the Vendor's knowledge, there is no outstanding directive or order or similar notice issued by any regulatory agency, including agencies responsible for environmental matters, affecting the Property or the Vendor, including its subsidiaries nor is there any reason to believe that such an order, directive or similar notice is pending;

(e)

the mineral claims comprised in the Property have been duly and validly located and recorded pursuant to the laws of the jurisdiction in which the property is situate and are in good standing with respect to all filings, fees, taxes, assessments, work commitments or other conditions on the date hereof, provided that the Purchaser acknowledges that the 3 claims identified on Schedule A as the Bonnyridge Licenses, expiring September 30, 2012 are in for renewal with the Botswana government agency, and there is no assurance that they will be renewed or if they are renewed, what acreage they will cover, and the same process will apply to all other claims by September 30, 2013, and that the Vendor shall not be liable for any such diminishment or cancellation;

(f)

there is no adverse claim or challenge against or to the ownership of or title to any of the mineral claims comprising the Property, nor to the knowledge of the Vendor, is there any basis therefore, and there are no outstanding agreements or options to acquire or purchase the Property or any portion thereof, and no person other than the government of Botswana, has any royalty or other interest whatsoever in production from any of the mineral claims comprising the Property; and this Agreement will, on the Closing , be a legal, valid and binding obligation of Guerrero, enforceable against Guerrero in accordance with its terms.

2.2

The representations and warranties contained in Section 2.1 are provided for the exclusive benefit of the Purchaser and a breach of any one or more thereof may be waived by the Purchaser in whole or in part at any time without prejudice to it rights in respect of any other breach of the same or any other representation or warranty; and the representations and warranties contained in Section 2 will survive the execution hereof.

3.0

ACQUISITION OF PROPERTY TERMS

3.1

The Vendor hereby grants and transfers to the Purchaser all of its right, title and  interest in and to the Property free and clear of all liens, charges, encumbrances and claims, subject to and on the condition that the Purchaser shall fulfill the requirements as set out in Section 3.2, and the successful transfer of the Property as set out in Section 3.4.

3.2

The Purchaser, or its nominee shall pay to Guerrero aggregate consideration of US$850,000 as follows:  a) an amount of $500,000 in cash, b) assumption of trade payables of US$200,000 of Pinette Pty and Bonnyridge Pty (wholly owned subsidiaries of Guerrero), and  c) assumption of up to US$150,000 for geological consulting fees incurred on the exploration work programs on the Property to cover monies owed by Pinette Pty and Bonnyridge Pty to Luc Antoine through his company, Aspire Investments (the “Aggregate Purchase Price”).  

3.3

A non-refundable cash deposit in the amount of US$80,600 is acknowledged by the Vendor and Purchaser  as paid as at the date of this Agreement and forms a non-refundable advance on, and deduction to, the $500,000 cash amounts due to the Vendor by the Purchaser outlined in Section 3.2 a).

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3.4

The balance of the Aggregate Purchase Price shall be paid by the Vendor to the Purchaser upon receipt of registerable claim transfer documentation (the "Closing") as accepted by the Botswana government.  The balance of the purchase price will be paid by the Purchaser upon the successful registration and consent of the Botswana minerals registration authority of the transfer documentation, which the Purchaser undertakes to effect as soon as possible but in any event within 180 days of the execution hereof.

4.0

SUBJECT CONDITIONS

4.1

When the requirements under Section 3 are met, a 100% interest in the Property, subject to the provisions of this Agreement, shall vest to the Purchaser free and clear of all liens, charges, encumbrances and claims, with no royalty interest of any kind other than any royalties that the government of Botswana may impose.

5.0

TRANSFERS

5.1

The Purchaser may at any time, sell, transfer, or otherwise dispose of all or any portion of its rights and/or interest in and to the Property and this Agreement providing that the sale, transfer or disposition recognizes and adheres to the provisions of this Agreement.

5.2

 If the Purchaser decides to let the unpatented claims comprising the Property lapse, it will provide 30 days written notice of such to the Vendor.

6.0

CONFIDENTIAL INFORMATION

6.1

No information furnished by the Purchaser to the Vendor hereunder in respect of the sale of product derived from the Property, will be disclosed or published by the Vendor without the written consent of the Purchaser, but such consent in respect of the reporting of factual data will not be unreasonably withheld, and will not be withheld in respect of information required to be publicly disclosed pursuant to applicable securities or corporation laws.  This provision shall not apply to information which becomes part of the public domain provided that it does not become part of the public domain by the actions of a party hereto in contravention of its obligation to keep such information confidential.

6.2

Nothing in this Section shall prevent a party from disclosing information to a third party for purposes of corporate reorganization, financing, review of materials, data and results by a consultant and like matters provided that such third party agrees to be bound by these provisions of confidentiality.

7.0

NOTICES

7.1

Each notice, demand or other communication required or permitted to be given under this Agreement will be in writing and will be sent by prepaid registered mail deposited in a post office addressed to the party entitled to receive the same, or delivered to such party, at the address for such party specified or by facsimile, in each case addressed as applicable as follows:  

If to the Purchaser at:

Attention:  Andrew Stone, President

New York Tutor Co.

845 3 rd Avenue, Sixth Floor

New York, NY USA  10022

(a)

If to the Vendor at:

Attention: Bill Thomas, CFO

Guerrero Exploration Inc.

Suite 1220 – 666 Burrard Street,

Vancouver, B.C.,  Canada  V6C 2X8

or to such other address as is specified by the particular party by notice to the others.

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7.2

The date of receipt of such notice, demand or other communication will be the date of delivery thereof if delivered or the date of sending it by facsimile, or, if given by registered mail as aforesaid, will be deemed conclusively to be the third day after the same will have been so mailed except in the case of interruption of postal services for any reason whatever, in which case the date of receipt will be the date on which the notice, demand or other communication is actually received by the addressee.

7.3

Either party may at any time and from time to time notify the other party in writing of a change of address and the new address to which notice will be given to it thereafter until further change.

8.0

GENERAL

8.1

This Agreement will supersede and replace any other agreement or arrangement, whether oral or written, heretofore existing between the parties in respect of the subject matter of this Agreement.

8.2

No consent or waiver expressed or implied by either party in respect of any breach or default by the other in the performance of such other of its obligations hereunder will be deemed or construed to be a consent to or a waiver of any other breach or default.

8.3

The parties will promptly execute or cause to be executed all documents, deeds, conveyances and other instruments of further assurance which may be reasonably necessary or advisable to carry out fully the intent of this Agreement or to record wherever appropriate the respective interests from time to time of the parties in the Property.

8.4

This Agreement and any other writing delivered pursuant hereto may be executed in any number of counterparts with the same effect as if all parties to this Agreement or such other writing had signed the same document and all counterparts will be construed together and will constitute one and the same instrument.

8.5

This Agreement will be governed and construed according to the laws of Alberta applicable therein and the parties hereby attorn to the jurisdiction of the Courts of Alberta in respect of all matters arising hereunder.

8.6

This Agreement will enure to the benefit of and be binding upon the parties and their respective successors and permitted assigns.

IN WITNESS WHEREOF this Agreement has been executed on behalf of the parties by their duly authorized officers in that behalf.

GUERRERO EXPLORATION INC., an Alberta corporation

By:        / s / Michelle Robinson                                                      

Its:  President, CEO, and Director

NEW YORK TUTOR COMPANY, a Nevada corporation

By:         / s / Andrew Stone                                                            

Its: President, CEO, and Director

 

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SCHEDULE "A"

					
	 
	 
	 
	 
	 

	Company

	PL Number

	Size km2

	Date Issued

	Date Renewal

	Pinette

	PL137/2010

	852.1

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL138/2010

	455.5

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL139/2010

	830

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL140/2010

	731.9

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL141/2010

	923.2

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL142/2010

	696.8

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL143/2010

	751.1

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL144/2010

	746.6

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL145/2010

	654.7

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL146/2010

	970.6

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL147/2010

	890.8

	1 Oct 2010

	30 Sept 2013

	Pinette

	PL148/2010

	1000

	1 Oct 2010

	30 Sept 2013

Bonnyridge Licenses:

PL700/2009  for 983 kms2 with issue date of Oct 1, 2009 and Date Renewal of Sept 30, 2012.

PL701/2009  for 992.2 kms2 with issue date of Oct 1, 2009 and Date Renewal of Sept 30, 2012.

PL702/2009  for 990.4 kms2 with issue date of Oct 1, 2009 and Date Renewal of Sept 30, 2012.

           

5Exhibit 10.2 Management Consulting Agreement

Exhibit 10.2

MANAGEMENT CONSULTING AGREEMENT

THIS AGREEMENT is dated effective as of the 22nd day of July, 2013 (“Effective Date”).

BETWEEN:

HAROLD C. MOLL, an individual with an address at Unit 45, 

Lacovia Condominium, Seven Mile Beach, Grand Cayman, BWI

(the “Consultant”)

OF THE FIRST PART

AND:

SaaSMAX, INC., a company duly formed under the laws of 

Nevada, with its principal office at 7770 Regents Road, 

Suite 113-129 San Diego, CA 92122

(the “Company”)

OF THE SECOND PART

WHEREAS:

A.

The Consultant has agreed to act as a Director, Chief Executive Officer and President of the Company; and

B.

The Company has agreed to issue 750,000 earn-out shares of its common stock to the Consultant in accordance with this Agreement,

THIS AGREEMENT WITNESSES THAT in consideration of the premises and mutual covenants contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows:

1.

DEFINITIONS

1.1

The following terms used in this Agreement shall have the meaning specified below unless the context clearly indicates the contrary:

(a)

"Board" means the Board of Directors of the Company;

(b)

"Consulting Fee" means the fee payable to the Consultant at the rate set forth in Section 5.1;

(c)

"Consulting Services" means the services to be provided by the Consultant as set forth in Section 4.1;

(d)

"Term" means the term of this Agreement beginning on the Effective Date and ending on the close of business on the date of the termination of this Agreement.

2.

ENGAGEMENT AS A CONSULTANT

2.1

The Company hereby engages the Consultant as a consultant to provide the Consulting Services of the Consultant in accordance with the terms and conditions of this Agreement and the Consultant hereby accepts such engagement.

2.2

The Consultant agrees to be appointed as a Director, Chief Executive Officer and President of the Company, such appointment to be effective ten (10) days after the Company files a Schedule 14F-1 Information Statement with the United States Securities and Exchange Commission disclosing the proposed change of management.

2

3.

TERM OF THIS AGREEMENT

3.1

The term of this Agreement shall become effective and begin as of the Effective Date, and shall continue for a period of ten (10) years thereafter unless terminated in accordance with the terms of this Agreement.   

4.

CONSULTING SERVICES

4.1

The Consultant agrees to perform the following services and undertake the following responsibilities and duties to the Company as consulting services (the "Consulting Services"):

(a)

act as Director, Chief Executive Officer and President of the Company;

(b)

report directly to board of directors of Company; and

(c)

perform such other duties and observing such instructions as may be reasonably assigned from time to time by or on behalf of the board of directors of the Company, provided such duties are within the scope of the Company’s business and implementation of the Company’s business plan.

4.2

The Consultant shall devote such attention and energies to the business affairs of the Company as may be reasonably necessary for the discharge of his duties, however, the Consultant may engage in other business or personal activities that do not interfere with the Consultant's obligations hereunder. 

4.3

The Consultant will at all times be an independent contractor and the Consultant will not be deemed to be an employee of the Company.  

5.

CONSULTING FEE

5.1

During the term of this Agreement, and subject to the Company completing equity financing totaling not less than $1,000,000, the Company shall pay the Consultant a base consulting fee of $5,000 per month (the "Base Consulting Fee") in consideration of the Consultant providing the Consulting Services.

5.2

The Base Consulting Fee will be reviewed annually by the Board of Directors and may be increased, but not decreased.

5.3

The Company shall pay the Base Consulting Fee, in advance, on the first day of each month.

5.4

In addition to the Base Consulting Fee, the Board of Directors may grant to the Consultant annual bonuses based on performance.

6.

STOCK OPTIONS

6.1

The Consultant shall be entitled to such options as may be granted by the Board of Directors under any stock option plan.

7.

EARN OUT SHARES

7.1

The Consultant shall be issued, on execution of this Agreement, 750,000 earn-out shares.  The Earn-Out Shares shall be held in the custody of the Company or its designee and shall be released to the Consultant on the basis of 10% of the original number of Earn-Out Shares on each anniversary of this Agreement.  Notwithstanding that the shares are held in custody and are not released to the Consultant, all voting and dividend rights in respect of the Earn-Out Shares shall accrue to the Consultant and he shall be entitled to exercise such rights and receive such benefits in respect of the Earn-Out Shares.

7.2

In the event of termination of this Agreement, any Earn-Out Shares not released, or scheduled to be released within six (6) months shall be returned to the Company for cancellation and the Consultant shall have no further rights in respect of such shares.  The Consultant shall execute any stock powers or other documents necessary to give effect to such cancellation and hereby appoints the Company as his attorney for such purposes.

3

8.

REIMBURSEMENT OF EXPENSES

8.1

The Company shall reimburse the Consultant for all reasonable business and travel related expenses incurred by the Consultant in the course of performing his duties hereunder, provided that such expenses are supported by statements, receipts or vouchers supplied to the Company. 

9.

TERMINATION

9.1

The Company may terminate this Agreement: 

(a)

at any time on three (3) months’ notice; or

(b)

without notice upon the occurrence of any of the following events of default (each an “Event of Default”):

(i)

the Consultant’s commission of an act of fraud, theft or embezzlement or other similar willful misconduct;

(ii)

the neglect or breach by the Consultant of his material obligations or agreements under this Agreement; or

(iii)

the Consultant’s refusal to follow lawful directives of the Board,

provided that notice of the Event of Default has been delivered to the Consultant and provided the Consultant has failed to remedy the default within thirty (30) days of the date of delivery of notice of the Event of Default.

9.2

In the event that the Company terminates this Agreement, the Company will pay the Consultant an amount equal to six (6) months of Base Consulting Fees to the Consultant at the time of termination.

9.3

The Consultant may terminate this Agreement at any time upon one (1) month notice.

9.4

Upon termination, the Consultant will be entitled to such Earn-Out Shares as have been released or are due to be released in the six (6) months following termination under this Agreement and the remaining Earn-Out Shares shall be cancelled.

9.5

On termination of this Agreement for any reason, all rights and obligations of each party that are expressly stated to survive termination or continue after termination will survive termination and continue in full force and effect as contemplated in this Agreement.

10.

PROPRIETARY INFORMATION AND DEVELOPMENTS

10.1

The Consultant will not at any time, whether during or after the termination of this Agreement for any reason, reveal to any person or entity any of the trade secrets or confidential information concerning the organization, business or finances of the Company or of any third party which the Company is under an obligation to keep confidential, except as may be required in the ordinary course of performing the Consulting Services to the Company, and the Consultant shall keep secret such trade secrets and confidential information and shall not use or attempt to use any such secrets or information in any manner which is designed to injure or cause loss to the Company. Trade secrets or confidential information shall include, but not be limited to, the Company's financial statements and projections, expansion proposals and business relationships with banks, lenders and other parties not otherwise publicly available.

4

11.

RELIEF

11.1

The Consultant hereby expressly acknowledges that any breach or threatened breach by the Consultant of any of the terms set forth in Section 10 of this Agreement may result in significant and continuing injury to the Company, the monetary value of which would be impossible to establish, and any such breach or threatened breach will provide the Company with any and all rights and remedies to which it may be entitled under the law, including but not limited to injunctive relief or other equitable remedies.

12.

PARTIES BENEFITED; ASSIGNMENTS

12.1

This Agreement shall be binding upon, and inure to the benefit of, the Consultant, his heirs and his personal representative or representatives, and upon the Company and its successors and assigns. Neither this Agreement nor any rights or obligations hereunder may be assigned by the Consultant.

13.

NOTICES

13.1

Any notice required or permitted by this Agreement shall be in writing, sent by registered or certified mail, return receipt requested, or by overnight courier, addressed to the Board and the Company at its then principal office, or to the Consultant at the address set forth in the preamble, as the case may be, or to such other address or addresses as any party hereto may from time to time specify in writing for the purpose in a notice given to the other parties in compliance with this Section 13.  Notices shall be deemed given when delivered.

14.

GOVERNING LAW

14.1

This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada and each party hereto adjourns to the jurisdiction of the courts of the State of Nevada. 

15.

REPRESENTATIONS AND WARRANTIES

15.1

The Consultant represents and warrants to the Company that (a) the Consultant is under no contractual or other restriction which is inconsistent with the execution of this Agreement, the performance of his duties hereunder or other rights of Company hereunder, and (b) the Consultant is under no physical or mental disability that would hinder the performance of his duties under this Agreement.

16.

MISCELLANEOUS

16.1

This Agreement contains the entire agreement of the parties relating to the subject matter hereof. 

16.2

This Agreement supersedes any prior written or oral agreements or understandings between the parties relating to the subject matter hereof.

16.3

No modification or amendment of this Agreement shall be valid unless in writing and signed by or on behalf of the parties hereto.

16.4

A waiver of the breach of any term or condition of this Agreement shall not be deemed to constitute a waiver of any subsequent breach of the same or any other term or condition. 

16.5

This Agreement is intended to be performed in accordance with, and only to the extent permitted by, all applicable laws, ordinances, rules and regulations. If any provision of this Agreement, or the application thereof to any person or circumstance, shall, for any reason and to any extent, be held invalid or unenforceable, such invalidity and unenforceability shall not affect the remaining provisions hereof and the application of such provisions to other persons or circumstances, all of which shall be enforced to the greatest extent permitted by law. 

16.6

The headings in this Agreement are inserted for convenience of reference only and shall not be a part of or control or affect the meaning of any provision hereof.

5

16.7

The Consultant acknowledges and agrees that Northwest Law Group has acted solely as legal counsel for the Company and that the Consultant has been advised to obtain independent legal advice prior to execution of this Agreement.

16.8

This Agreement may be executed in one or more counter-parts, each of which so executed shall constitute an original and all of which together shall constitute one and the same agreement.

IN WITNESS WHEREOF, the parties have duly executed and delivered this Agreement as of the date first written above.

			
	SIGNED, SEALED AND DELIVERED

BY HAROLD C. MOLL in the presence of:

	 
	 

	 
	 
	 

	 
	 
	/s/ Harold C. Moll

	Signature

	 
	HAROLD C. MOLL

	 
	 
	 

	 
	 
	 

	Name

	 
	 

	 
	 
	 

	 
	 
	 

	Address

	 
	 

SAASMAX, INC.

a Nevada corporation by its authorized signatory:

/s/ Rob Rainer

ROB RAINER

Chief Financial Officer

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