Document:

EXHIBIT 10.11

                               MUTUAL RELEASE AND
                            INDEMNIFICATION AGREEMENT

                                 By and between:

                             SAVOY RESOURCES CORP.,
                             ----------------------
              GEOFFREY ARMSTRONG and ROBERT THE PREVIOUS DIRECTORS
              ----------------------------------------------------

                                  And each of:
                                  ------------

                        FLOYD WANDLER and CLINT SHARPLES
                        --------------------------------

                              Savoy Resources Corp.
                              ---------------------
        435 Martin Street, Suite #3210, Blaine, Washington, U.S.A., 98230
        -----------------------------------------------------------------

<PAGE>

                               MUTUAL RELEASE AND
                               ------------------
                            INDEMNIFICATION AGREEMENT
                            -------------------------

     THIS MUTUAL RELEASE AND INDEMNIFICATION AGREEMENT (the "Agreement") is made
and entered into this 15th day of July, 2004, by and between Savoy Resources
Corp., a Colorado corporation, of 435 Martin Street, Suite #3120, Blaine,
Washington, U.S.A., 98230 ("Savoy"), Geoffrey Armstrong ("Armstrong") and Robert
The Previous Directors ("The Previous Directors"), each c/o Dieterich &
Associates, 11300 W. Olympic Boulevard, Suite 800, Los Angeles, California,
U.S.A., 90064 (Savoy, Armstrong and The Previous Directors being, collectively,
the "Current Management" herein as the context so requires), and Floyd Wandler
("Wandler") and Clint Sharples ("Sharples"), each of 1330 Martin Grove Road,
Toronto, Ontario, Canada, M9W 4X4 (Wandler and Sharples being, collectively, the
"Previous Directors" herein as the context so requires). .

                                    RECITALS
                                    --------

     A. WHEREAS, in conjunction with the proposed resignations as a directors
and officers of Savoy of each of the Previous Directors, each of the parties
hereto has agreed to enter into the terms and conditions of this Agreement as
hereinafter set forth.

                                    AGREEMENT
                                    ---------

     NOW, THEREFORE, in consideration of the foregoing premises, the mutual
promises, covenants, agreements, representations and warranties set forth
hereinafter, and for other good and valuable consideration, the receipt and
sufficiency are hereby acknowledged, the parties hereto agree as follows:

                                    ARTICLE I
                                 MUTUAL RELEASE
                                 --------------

     A. Know all men by these presents that, in conjunction with the proposed
resignations as directors and officers of Savoy of each of the Previous
Directors, and in consideration, in part, of Savoy's within agreement to
immediately repay to each of Mr. Wandler and Fraser Campbell all expenses
previously incurred by the same on behalf of Savoy totaling approximately U.S.
$47,000; (the receipt and sufficiency of which being hereby acknowledged by each
of the parties hereto); each of the Current Management and the previous
Directors (the Current Management and the Previous Directors being hereinafter
singularly and collectively referred to as the "Releasor" and the "Releasors",
respectively, as the contexts so requires) does hereby release, remise and
forever discharge all said other Releasors hereunder, together with each of said
other Releasors' respective directors, officers, employees, counsel (including
legal

                                       2
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counsel), associates, affiliates, attorneys, agents, executors, administrators,
successors and assigns, of and from all manner of action and actions, causes of
action, suits, debts, dues, accounts, bonds, covenants, contracts, claims,
damages and demands, whether known or unknown, suspected or unsuspected and
whether at law or in equity, which against any of the other Releasors, and/or
any of the other Releasors' respective directors, officers, employees,
associates, affiliates, counsel (including legal counsel), agents, executors,
administrators, successors and assigns, any such Releasor ever had, now has, or
which any of such Releasor's respective successors or assigns, or any of them
hereafter can, shall or may have by reason of any matter whatsoever and
including, without limitation, resulting from the Previous Directors' roles as
directors and officers of Savoy and Messrs. Armstrong's and The Previous
Directors's proposed and previous demands for a special meeting of the
shareholders of Savoy (herein, collectively, the "Release").

     B. It is understood and agreed that the said Releasors do not by entering
into the Release, or otherwise, admit any liability to the other Releasors
herein, and that such liability is specifically denied.

                                   ARTICLE II
                                 INDEMNIFICATION
                                 ---------------

     Subject only to the exclusions set forth in Article III, Savoy hereby
agrees to hold harmless and indemnify the Previous Directors in the following
circumstances:

     A. The Previous Directors were or are a party, or is threatened to be made
a party, to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative (other than an action
by or in the right of Savoy), by reason of the fact that they were directors,
officers or agents of Savoy, against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement, actually and reasonably
incurred by them in connection with such action, suit or proceeding, if they
acted in good faith and in a manner they reasonably believed to be in, or not
opposed to, the best interests of Savoy, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe their conduct was
unlawful.

     B. The Previous Directors were or are a party, or are threatened to be made
a party, to any threatened, pending or completed action or suit by or in the
right of the corporation, to procure a judgment in its favor by reason of the
fact that they were directors, officers or agents of Savoy, against expenses
(including attorney's fees) actually and reasonably incurred by them in
connection with the defense or settlement of such action or suit, if they acted
in good faith and in a manner they reasonably believed to be in, or not opposed
to, the best interests of the corporation, except that no indemnification shall
be made in respect of any claim, issue or matter as to which the Previous
Directors shall have been adjudged to be liable for negligence or misconduct in
the performance of their duty to the corporation, unless, and only to the extent
that, the court in which such action or suit was brought shall determine upon
application that, despite the adjudication of liability, but in view of all
circumstances of the case, the Previous Directors are fairly and reasonably
entitled to indemnification for such expenses which such court deems proper.

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     C. To the extent that the Previous Directors have been successful on the
merits or otherwise in defense of any action, suit or proceeding referred to in
Sections A. and B. of this Article, or in defense of any claim, issue or matter
therein, they shall be indemnified against expenses (including attorneys' fees)
actually and reasonably incurred by him in connection therewith.

     D. Any indemnification under Section A. or B. of this Article (unless
ordered by a court) shall be made by Savoy only as authorized in the specific
case upon a determination that indemnification of the officer, director and
employee or agent is proper in the circumstances, because they have met the
applicable standard of conduct set forth in Section A. or B. of this Article.
Such determination shall be made by the Board of Directors of Savoy by a
majority vote of a quorum consisting of directors who were not parties to such
action, suit or proceeding, or, if such quorum is not obtainable or, even if
obtainable, a quorum of disinterested directors so directs, by independent legal
counsel in a written opinion, or by the affirmative vote of the holders of a
majority of the shares of stock entitled to vote and represented at a meeting
called for such purpose.

                                   ARTICLE III
                                   EXCLUSIONS
                                   ----------

     No indemnity will be paid by Savoy pursuant to this Agreement:

     A. If the final decision by a court having jurisdiction in the matter
determines that such indemnification is not lawful.

     B. On account of the Previous Directors' conduct that is finally adjudged
to have been knowingly fraudulent or deliberately dishonest, which conduct was
material to the cause of action so adjudicated.

     C. On account of any suit in which the Previous Directors are finally
adjudged to have obtained, in fact, a personal profit or advantage to which they
were not legally entitled.

                                   ARTICLE IV
                                 NO PRESUMPTION
                                 --------------

     For the purpose of this Agreement, to the fullest extent permitted by law,
the termination of any action, suit or proceeding, by judgment, order,
settlement (whether with or without court approval) or conviction, or upon a
plea of nolo contendere or its equivalent, will not create a presumption that
the Previous Directors did not meet any particular standard of conduct or have
any particular belief or that a court has determined that indemnification is not
permitted by applicable law.

                                       4
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                                    ARTICLE V
                              SETTLEMENT AND COSTS
                              --------------------

     Savoy will not be liable to indemnify the Previous Directors under this
Agreement for any costs, charges or expenses incurred or amounts paid in
settlement or any action or claim effected without their prior written consent.
Savoy will not settle any action or claim in any manner that would impose any
penalty or limitation on the Previous Directors without the Previous Directors'
prior written consent. Neither Savoy nor the Previous Directors will
unreasonably withhold its or their respective consent.

                                   ARTICLE VI
                                   SUBROGATION
                                   -----------

     In the event of payment by or on behalf of Savoy under this Agreement,
Savoy will be subrogated to the extent of such payment to all of the rights of
recovery of the Previous Directors, who will execute all documents required and
will do everything that may be necessary to secure such rights including the
execution of such documents necessary to enable the Previous Directors
effectively to bring suit to enforce such rights.

                                   ARTICLE VII
                                DEFENSE OF CLAIMS
                                -----------------

     With respect to any action, suit or proceeding as to which the Previous
Directors are seeking indemnification under this Agreement and as to which the
Previous Directors notify Savoy pursuant to the provisions hereof:

     A. Savoy will be entitled to participate therein at its own expense; and

     B. Except as otherwise provided below, to the extent that it may wish,
Savoy jointly with any other indemnifying party similarly notified will be
entitled to assume the defense thereof, with counsel satisfactory to the
Previous Directors. After notice from Savoy to the Previous Directors of its
election to assume the defense thereof, Savoy will not be liable to the Previous
Directors under this Agreement for any legal or other expenses subsequently
incurred by the Previous Directors in connection with the defense thereof other
than reasonable costs of investigation or as otherwise provided below. The
Previous Directors will have the right to employ separate counsel in such
action, suit or proceeding but the fees and expenses of such counsel incurred
after notice from Savoy of its assumption of the defense thereof will be at the
expense of the Previous Directors unless (i) the employment of counsel by the
Previous Directors has been authorized by Savoy, (ii) the Previous Directors
will have reasonably concluded that there may be a conflict of interest between
Savoy and the Previous Directors in the conduct of the defense of such action or
(iii) Savoy does not in fact employ counsel to assume the defense of such
action, in each of which cases the fees and expenses of counsel will be at the
expense of Savoy. Savoy will not be entitled to assume the defense of any
action, suit or proceeding brought by or on behalf of Savoy or as to which the
Previous Directors have made the reasonable conclusion that there may be a
conflict of interest between Savoy and the Previous Directors in the conduct of
the defense of such action.

                                       5
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                                  ARTICLE VIII
                       ADVANCES AND REPAYMENT OF EXPENSES
                       ----------------------------------

     All reasonable expenses incurred by the Previous Directors in defending or
investigating any civil or criminal action, suit or proceeding will be paid in
advance of the final disposition of such action, suit, proceeding or
investigation. In addition, Savoy may advance expenses incurred by the Previous
Directors in connection with the recovery under any insurance maintained by
Savoy, regardless of whether the Previous Directors ultimately are determined to
be entitled to such indemnification, expense advance or insurance recovery, as
the case may be. The Previous Directors agree that they will reimburse Savoy for
all such expense so advanced by Savoy in defending any civil or criminal action,
suit or proceeding against the Previous Directors in the event and only to the
extent that it is ultimately determined that the Previous Directors are not
entitled to be indemnified by Savoy for such expenses under the provisions of
the applicable law, this agreement or otherwise.

                                   ARTICLE IX
                                   TERMINATION
                                   -----------

     Savoy will require and cause any successor (whether direct or indirect by
purchase, merger, consolidation or otherwise) to all, substantially all or a
substantial part, of the business and/or assets of Savoy, by written agreement
in form and substance satisfactory to the Previous Directors, expressly to
assume and agree to perform this Agreement in the same manner and to the same
extent that Savoy would be required to perform if no such succession had taken
place.

                                    ARTICLE X
                                  MISCELLANEOUS
                                  -------------

     A. Each of the parties hereto shall execute and deliver such other and
further documents and instruments, and take such other and further actions, as
may be reasonably requested of him or it for the implementation and consummation
of this Agreement and the transactions herein contemplated.

     B. This Agreement shall be binding upon and inure to the benefit of the
parties hereto, and the heirs, personal representatives, successors and assigns
of each of them, but shall not confer, expressly or by implication, any rights
or remedies upon any other party.

     C. This Agreement is made and shall be governed in all respects, including
validity, interpretation and effect, by the laws of the State of Colorado.

                                       6
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     D. All notices, requests or demands and other communications hereunder must
be in writing and shall be deemed to have been duly made if personally delivered
or mailed, postage prepaid, to the parties as follows:

     (i)   If to Savoy, to:
           435 Martin Street, Suite #3120
           Blaine, Washington, U.S.A., 98230

     (ii)  If to the Previous Directors, to:
           1330 Martin Grove Road
           Toronto, Ontario, Canada, M9W 4X4

Any party hereto may change his or its address by written notice to the other
party given in accordance with this Section D. of Article X.

     E. This Agreement contains the entire agreement between the parties and
supersedes all prior agreements, understandings and writings between the parties
with respect to the subject matter hereof and thereof. Each party hereto
acknowledges that no representations, inducements, promises or agreements,
verbal or otherwise, have been made by either party, or anyone acting with
authority on behalf of either party, which are not embodied herein, and that no
other agreement, statement or promise may be relied upon or shall be valid or
binding. Neither this Agreement nor any term hereof may be changed, waived,
discharged or terminated verbally. This Agreement may be amended or any term
hereof may be changed, waived, discharged or terminated by an agreement in
writing signed by all of the parties hereto.

     F. The captions and headings used herein are for convenience only and shall
not be construed as part of this Agreement.

     G. In the event of any litigation between the parties hereto, the
non-prevailing party shall pay the reasonable expenses, including but not
limited to the attorneys' fees, of the prevailing party in connection therewith.

                                       7
<PAGE>

                                    EXECUTION

         IN WITNESS WHEREOF, each of the undersigned parties hereto has executed
this Agreement as of the day and year first written above.

The COMMON SEAL of                          )
SAVOY RESOURCES CORP.                       )
---------------------
Was hereunto affixed in the presence of:    )
                                            )
/s/ Weiguo Lang, Chairman                   )
--------------------------------------------)
Authorized Signatory                        )

SIGNED, SEALED and DELIVERED by             )
GEOFFREY ARMSTRONG                          )
------------------
In the presence of:                         )
                                            )
/s/ Shelley L. VanGuilder                   )
--------------------------------------------)
Witness Signature                           )
                                            )    /s/ Geoffrey Armstrong
                                            )    ----------------------
752 Upper Glen St.                          )        GEOFFREY ARMSTRONG
--------------------------------------------)        ------------------
Witness Address                             )
                                            )
Shelley VanGuilder Staples Copy Center      )
--------------------------------------------)
Witness Name and Occupation                 )

SIGNED, SEALED and DELIVERED by             )
ROBERT SLAVIK                               )
-------------
In the presence of:                         )
                                            )
/s/ Geoffrey Armstrong                      )
--------------------------------------------)
Witness Signature                           )     /s/ Robert Slavik
                                                  ------------------
                                            )        ROBERT SLAVIK
3240 East 58th Ave. #45 Vancouver Canada    )        ---------------
--------------------------------------------)
Witness Address (home)                      )
                                            )
Geoffrey Armstrong Businessman              )
--------------------------------------------)
Witness Name and Occupation                 )

                                       8
<PAGE>

SIGNED, SEALED and DELIVERED by             )
FLOYD WANDLER                               )
-------------
In the presence of:                         )
                                            )
Thomas J. Deutsch                           )
--------------------------------------------)
Witness Signature                           )
P.O. Box 12077 Suite 2550 - 555 West        )     /s/ Floyd Wandler
                                            )     -----------------
Hastings Street Vancouver, B.C. V6B 4N5     )         FLOYD WANDLER
--------------------------------------------)          -------------
Witness Address                             )
                                            )
Thomas J. Deutsch Barrister & Solicitor     )
--------------------------------------------)
Witness Name and Occupation                 )

SIGNED, SEALED and DELIVERED by             )
CLINT SHARPLES                              )
--------------                              )
In the presence of:                         )
                                            )
P Suel                                      )
--------------------------------------------)
Witness Signature                           )      /s/ Clint Sharples
                                            )      -------------------
                                            )          CLINT SHARPLES
1330 Martin Grove Rd.                       )          ---------------
--------------------------------------------)
Witness Address                             )
                                            )
HR Manager                                  )
--------------------------------------------)
Witness Name and Occupation                 )

                                       9
<PAGE>EXHIBIT 10.12

                             SUBSCRIPTION AGREEMENT
             Pursuant to Regulation S of the Securities Act of 1933

                              SAVOY RESOURCES CORP.

     THIS SUBSCRIPTION AGREEMENT (the "Agreement") is made and entered into as
of this 16th day of August, 2004, by and between Savoy Resources Corp., a
Colorado corporation (the "Company"), with its United States offices located at
18826 Pagentry Place, Monument, Colorado 80132, and KLM Consulting of 3090
O'Hara Lane, Surrey, British Columbia, Canada V4A 3E7 (the "Investor").

                                    RECITALS:

     WHEREAS, the Company is offering for sale up to 3,750,000 units
(individually, a "Unit" and, collectively, the "Units"), each Unit consisting of
one share of common stock, $0.001 par value per share (the "Common Stock"), and
one warrant exercisable to purchase one share of Common Stock at an exercise
price of $.20 per share for a period of two years through August 15, 2006, at a
per Unit price of $.08 in a transaction exempt from registration under the
Securities Act of 1933, as amended (the "Securities Act"), and the regulations
promulgated thereunder (the "Offering");

     NOW, THEREFORE, for and in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1. THE SUBSCRIPTION.

     1.1 Subscription. The Investor, intending to be legally bound, hereby
irrevocably subscribes for and agrees to purchase 3,700,000 Units.

     1.2 Purchase Price. The Investor understands and acknowledges that the
purchase price for each Unit will be $.08 and that the aggregate purchase price
for 3,750,000 Units will be $300,000.00 (the "Issue Price").

     2. COMPANY REPRESENTATIONS AND WARRANTIES.

     The Company hereby represents and warrants to the Investor as follows:

     2.1 Organization and Good Standing. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Colorado and has all requisite power and authority to execute and deliver this
Agreement and to carry out the transactions contemplated hereby. The Company has
all requisite power and authority to own, lease and operate its assets and
properties and to carry on its business as presently conducted.

     2.2 Capitalization. The authorized capital stock of the Company consists of
110,000,000 shares, of which 100,000,000 shares are Common Stock, of which
65,570,000 shares are issued and outstanding, and 10,000,000 shares are
preferred stock, of which no shares are issued and outstanding, as of August 16,
2004.

<PAGE>
     2.3 Authorization; Enforceability. The execution, delivery and performance
of this Agreement by the Company and the consummation by the Company of the
transaction contemplated hereby have been duly authorized by all necessary
corporate action of the Company, and this Agreement, when duly executed and
delivered by the Investor, will constitute a valid and legally binding agreement
of the Company enforceable in accordance with its terms, except as may be
limited by bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting
creditors' rights and to general equity principles.

     2.4 Title to Stock. Upon payment by the Investor of the Issue Price,
acceptance by the Company of this Agreement, and delivery by the Company of the
certificate(s) representing 3,750,000 Units purchased in this Offering, the
Units will be duly and validly issued, fully paid and nonassessable.

     2.5 Absence of Violation. Neither the execution or delivery of this
Agreement by the Company nor the consummation of the transaction contemplated
hereby by the Company constitutes a violation or default under or conflicts with
any material contract, commitment, lease, instrument or agreement to which the
Company is a party or by which the Company is bound or will result in the
creation of any encumbrance on any of the assets owned by the Company under any
term or provision of the Articles of Incorporation or Bylaws of the Company.

     3. INVESTOR REPRESENTATIONS, WARRANTIES AND AGREEMENT.

     The Investor hereby represents, warrants to and agrees with the Company as
follows:

     3.1 Standing. The Investor has the full and unrestricted legal capacity to
execute and deliver this Agreement and to carry out the transactions
contemplated hereby.

     3.2 Authorization; Enforceability. This Agreement, when duly executed and
delivered by the Company, will constitute a valid and legally binding agreement
of the Investor enforceable in accordance with its terms, except as may be
limited by bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting
creditors' rights and to general equity principles.

     3.4 Absence of Violation. Neither the execution or delivery of this
Agreement by the Investor nor the consummation of the transaction contemplated
hereby by the Investor constitutes a violation or default under or conflicts
with, or will result in the creation of any encumbrance on any of the assets
owned by the Investor under any contract, commitment, lease, instrument or
agreement to which the Investor is a party or by which the Investor is bound.

                                       2
<PAGE>
     3.5 Receipt and Review of Certain Information. The Investor has had a
thorough and adequate opportunity to ask questions of the Company, or a person
or persons acting on its behalf, concerning the Company and the terms and
conditions of the investment described in this Agreement, and all such questions
have been answered to the full satisfaction of the Investor. The Investor also
has had the opportunity to review any documents relating to the Company that it
has requested and to otherwise conduct due diligence, and such due diligence
review has been fully satisfactory to the Investor. The Investor understands and
acknowledges that the Company cannot provide assurances with respect to any
projections or predictions as to the future business or financial performance of
the Company.

     3.6 Risk Associated with Investment in the Units. The Investor recognizes
that an investment in the Company involves a high degree of risk for an
indefinite period of time, and it has taken full cognizance of and understands
all of the risks related to the purchase of the Units.

     3.7 Not an Underwriter. The Investor is not an "underwriter'" as defined in
Section 2(a)(11) of the Securities Act, and is acquiring the Units for
investment purposes only.

     3.8 Financial Ability. The Investor has the financial ability to bear the
economic risk of its investment, including a total loss of the investment, has
adequate means for providing for current needs and personal contingencies and
has no need for liquidity with respect to its investment in the Company. The
Investor recognizes that the purchase of Units involves a high degree of risk in
that (i) an investment in the Company is highly speculative and only an investor
that can afford the loss of its entire investment should consider investing in
the Company and the Units; (ii) an investor may not be able to liquidate its
investment; (iii) transferability of the Units is expected to be extremely
limited; and (iv), in the event of a disposition, an investor could sustain the
loss of his, her or its entire investment.

     3.9 Age of Majority; Address. The Investor is at least eighteen (18) years
of age. The address set forth above is the Investor's correct home address, and
the Investor has no present intention of changing such address.

     3.10 NASD. The Investor acknowledges that if it is a registered
representative of a National Association of Securities Dealers (the "NASD")
member firm, it must give such firm the notice required by the NASD's Rules of
Fair Practice.

     3.11 No Broker. The Investor has not retained any finder, broker, agent,
financial advisor or other intermediary in connection with the transactions
contemplated by this Agreement and agrees to indemnify and hold harmless the
Company from liability for any compensation to any such intermediary retained by
the Investor and the fees and expenses of defending against such liability or
alleged liability.

     3.12 Accuracy of Investor's Representations, Warranties and Agreements. The
representations, warranties and agreements of the Investor set forth in this
Agreement are true and accurate as of the date hereof and shall be true and
accurate as of the date of the acceptance hereof by the Company and the sale of
the Units to the Investor. If in any respect such representations, warranties
and/or agreements shall not be true and accurate at any time prior thereto, the
Investor promptly shall give written notice of such fact to the Company
specifying which representations, warranties and/or agreements are not true and
accurate and the reasons therefor. No representation or warranty of the Investor
in this Agreement contains or will contain any untrue or misleading statement or
omits or will omit any fact necessary to make the statements contained herein or
therein, in light of the circumstances under which made, not misleading.

                                       3
<PAGE>
     3.13 Regulation S. The Investor understands that the Units to be purchased
by it pursuant to this Agreement have not been registered under the Securities
Act in reliance on an exemption contained in Regulation S promulgated under the
Securities Act ("Regulation S"), and that the Company is relying upon the truth
and accuracy of the representations, warranties, agreements, acknowledgments and
understandings of the Investor set forth herein in order to determine the
applicability of such exemptions and the Investor's suitability to acquire the
Units.

     3.14 Non-U.S. Person. The Investor is not, and at the time of the
acquisition of the Units will not be, a "U.S. person" as defined in Regulation S
under the Securities Act. The Investor is not, and at the time of the
acquisition of the Units will not be, acquiring the Units for the benefit of a
"U.S. person" as defined in Regulation S under the Securities Act. Upon
consummation of the transactions contemplated by this Agreement, the Investor
will be the sole beneficial owner of the Units issued to it pursuant to this
Agreement, and the Investor has not pre-arranged any sale with any purchaser or
purchasers in the United States. For purposes of this Agreement, a "U.S.
person'" includes, without limitation, any natural person resident in the United
States, any partnership or corporation organized or incorporated under the Laws
of the United States (other than certain branches of non-U.S. banks or insurance
companies), any estate of which any executor or administrator is a U.S. person
or any trust of which any trustee is a U.S. person (with certain exceptions) and
any agency or branch of a foreign entity located in the United States, but does
not include a natural person not resident in the United States. The "United
States" means the United States of America, its territories and possessions, any
state of the United States and the District of Columbia.

     3.15 Outside the U.S. The Investor is outside the United States as of the
date of the execution and delivery of this Agreement and will be outside the
United States at the time of the purchase of the Units as contemplated by this
Agreement; provided, however, that delivery of the Units may be elected in the
United States through the Investor's agent as long as the Investor is outside
the United States at the time of such delivery.

     3.16 Limitation on Transfer. The Investor understands that the Units cannot
be offered for sale, sold or otherwise transferred unless in accordance with the
provisions of Regulation S of the Securities Act, pursuant to registration under
the Securities Act or pursuant to an available exemption from registration under
the Securities Act. The Investor has no present intention to sell or otherwise
transfer the Units except in accordance with the provisions of Regulation S of
the Securities Act, pursuant to registration under the Securities Act or
pursuant to an available exemption from registration under the Securities Act.
The Investor understands that the Company is required, under Rule 903 of
Regulation S, to refuse to register the transfer of any of the Units to be
received by the Investor pursuant to this Agreement that are not transferred
pursuant to a registration statement under the Securities Act, in compliance
with Regulation S under the Securities Act or otherwise pursuant to an available
exemption from registration.

     3.17 No Short Position. The Investor covenants that the Investor will not,
directly or indirectly, or through one or more intermediaries, maintain any
short position in the Units during the Distribution Compliance Period, as
defined in Regulation S.

                                       4
<PAGE>
     3.19 No Hedging Transactions. The Investor hereby agrees not to engage in
hedging transactions with regard to the Units unless in compliance with the
provisions of Regulation S, pursuant to registration under the Securities Act or
pursuant to an exemption from the registration requirements of the Securities
Act.

     3.20 Limitations on Resale. The Investor will resell the Units only in
accordance with the provisions of Regulation S of the Securities Act, pursuant
to registration under the Securities Act or pursuant to an available exemption
from registration under the Securities Act.

     3.21 ERISA. No part of the funds used by the Investor to acquire the
membership interests constitutes assets of any "employee benefit plan'" within
the meaning of ss.3(3) of ERISA or other "benefit plan investor'" (as defined in
U.S. Department of Labor Regulations ss.2510.3-101 et seq., as amended) or
assets allocated to any insurance company separate account or general account in
which any such employee benefit plan or benefit plan investor (or related trust)
has any interest. The foregoing representations, warranties and agreements shall
survive the Closing.

     4. TERMINATION.

     Either of the parties hereto may terminate this Agreement if the Company
terminates the Offering or consummation thereof is prohibited by law, rule or
regulation.

     5. INDEMNITY.

     The Investor agrees to indemnify and hold harmless the Company and the
Company's officers, directors, employees and affliates and each other person, if
any, who controls any thereof, against any loss, liability, claim, damage and
expense whatsoever (including, but not limited to, any and all expenses
whatsoever reasonably incurred in investigating, preparing or defending against
any litigation commenced or threatened or any claim whatsoever) arising out of
or based upon any false representation or warranty or breach or failure by the
Investor to comply with any covenant or agreement made by the Investor in this
Agreement or in any other document furnished by the Investor to any of the
foregoing in connection with the transactions contemplated hereunder.

     6. MISCELLANEOUS.

     6.1 Notices. All notices, requests, consents and other communications
herein shall be in writing and shall be deemed to be delivered (i) on the date
delivered, if personally delivered or transmitted via facsimile with return
confirmation of such transmission; (ii) on the second business day after the
date sent, if sent by recognized overnight courier service; and (iii) on the
fifth (5th) day after the date sent, if mailed by first-class certified mail,
postage prepaid and return receipt requested, as follows:

                                       5
<PAGE>

                  (a)      If to the Company: Savoy Reources Corp. 18826
                           Pagentry Place Monument, Colorado 80132
                           Attention:  Mr. Robert T. Slavik, President

                           with a copy to:
                           Cudd & Associates
                           18826 Pagentry Place
                           Monument, Colorado 80132
                           Attention:  Patricia Cudd, Esq.

                  (b) If to the Investor, addressed to the Investor at the
         address set forth above, or at such other address as the Investor shall
         designate by written notice to the Company.

     6.2 Governing Law. Notwithstanding the place where this Agreement may be
executed by any of the parties hereto, the parties expressly agree that this
Agreement shall be governed by and construed in accordance with the internal
laws of the State of Colorado, without regard to principles of conficts of law.

     6.3 Severability. The holding of any provision of this Agreement to be
invalid or unenforceable by a court of competent jurisdiction shall not affect
any other provision of this Agreement, which shall remain in full force and
effect.

     6.4 No Implied Waiver. The failure of either the Company or the Investor to
enforce any of the provisions of this Agreement, or the waiver of any of the
provisions of this Agreement in any instance, shall not be construed as a
general waiver or relinquishment on its part of that provision. No waiver or
modification of any provision of this Agreement shall be implied. In order to be
effective, a waiver or modification of a provision of this Agreement shall be in
writing and must be signed by the party against which it is to be enforced.

     6.5 Further Assurances. The parties agree to execute and deliver all such
further documents, agreements and instruments and take such other and further
action as may be necessary or appropriate to carry out the purposes and intent
of this Agreement. The Investor hereby agrees to provide to the Company such
additional information as may be requested by the Company from time to time.

     6.6 Amendments. This Agreement may only be amended, modified or
supplemented by an agreement in writing executed by a duly authorized
representative of the Company and the Investor.

     6.7 Binding Effect. Except as otherwise provided herein, this Agreement
shall be binding upon and inure to the benefit of the parties and their heirs,
executors, administrators, successors, legal representatives and assigns.

                                       6
<PAGE>
     6.8 Entire Agreement. This instrument contains the entire agreement, and
supersedes any prior communications, understandings or agreements, of the
parties with respect to the subject matter hereof.

     6.9 Assignability. This Agreement is not transferable or assignable by the
Investor without the prior written consent of the Company.

     6.10 Interpretation. The captions or headings in this Agreement are
strictly for convenience and shall not be considered in interpreting this
Agreement or as amplifying or limiting any of its contents. Terms defined or
used in this Agreement in the singular form shall be interpreted to apply to the
plural form as well, and vice versa, as the identity of the parties or objects
referred to may require. References to "business days" exclude Saturdays,
Sundays and holidays during which nationally chartered banks in New York City
are authorized or required to close.

     6.11 Entire Agreement. This Agreement constitutes the entire and final
agreement and understanding between the Company and the Investor with respect to
the subject matter of this Agreement and supersedes all prior agreements
relating to the subject matter of this Agreement, which are of no further force
or effect.

     6.12 Section Headings. The section headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

     6.13 Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original, but both of which together shall constitute
one and the same instrument.

     6.14 Provisions Surviving Termination. Provisions contained in this
Agreement that by their sense and content are intended to survive termination of
this Agreement shall so survive, including without limitation the provisions of
Sections 3, 4, 5 and 6.

     6.15 Joint Preparation. This Agreement shall be deemed to have been
prepared jointly by the parties hereto and any uncertainty or ambiguity existing
herein shall not be interpreted against either party by reason of its drafting
of this Agreement, but shall be interpreted according to the application of
rules of interpretation for arms' length agreements.

     6.16 Attorneys' Fees. In the event of any litigation between the parties
hereto, the non-prevailing party shall pay the reasonable expenses, including
the attorneys' fees, of the prevailing party in connection therewith.

                                       7
<PAGE>

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

THE COMPANY:                           THE INVESTOR:

SAVOY RESOURCES CORP

By: /s/ RT Slavik                      /s/ Karen MacPherson
    ------------------------           --------------------------------------
    Robert Slavik, President           Karen MacPherson, Authorized Signatory

                                       8
<PAGE>

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