Document:

exhibit10-1.htm

    
      SETTLEMENT
        AGREEMENT 

       

       

       

      This
        Settlement Agreement (“Agreement”), made this 24th day of August, 2007, by and
        on behalf of the following entities: (i) Eiger Technology Inc. (“Eiger” or the
“Company”), a public company listed on the Toronto Stock Exchange (“AXA”); and
        (ii) Gerry Racicot (“Racicot”), the former President and Chief Executive Officer
        of Eiger. Eiger and Racicot are referred to collectively as the “Parties.”
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office"
        />

       

      WHEREAS
        Racicot has retired from all offices and his directorship of Eiger following
        sixteen (16) years of service with the Company; 

       

      AND
        WHEREAS the Parties to this Agreement desire to settle the terms of Racicot’s
        retirement package;

       

      AND
        WHEREAS due to cash flow issues faced by the Company, Racicot and the Company
        deferred the payment of certain obligations owed by the Company to Racicot’s
        management services company, 1040614 Ontario Ltd. for services provided;

       

      AND
        WHEREAS the Parties wish to make arrangements for the satisfaction of such
        deferred obligations;

       

      NOW,
        THEREFORE, in consideration of the recitals, the mutual covenants and agreements
        contained herein, and other valuable consideration, the receipt and sufficiency
        of which is hereby acknowledged, the Parties agree as follows:

       

          1.                 
        Retirement Date

       

          The
        effective date of
        Racicot’s retirement from the Company is April 18, 2007 (the “Retirement
        Date”).

       

      2.                 
        Retirement Payment

       

      The
        Company has agreed to pay Racicot a retirement payment valued at five hundred
        thousand dollars ($500,000) of which ninety six thousand dollars ($96,000)
        has
        been paid by way of the Company transferring to Racicot 960,000 Newlook
        Industries Corp.’s common shares it owns at a deemed price of $.10 per
        share.  The Company will also pay Racicot four hundred and four thousand
        dollars ($404,000) for past services in cash.  Two payments of two hundred
        and two thousand dollars ($202,000) each are to be made payable to Racicot
        on
        September 30, 2007 and on November 30, 2007. 

       

      3.                 
Back Pay

       

      In
        respect of back pay owing by the Company to 1040614 Ontario Ltd., the Company
        will pay 1040614 Ontario Ltd.  a total sum of five hundred thirty eight
        thousand, three hundred twenty five dollars and thirty seven cents
        ($538,325.37), of which thirty-eight thousand three hundred twenty-five dollars
        and thirty seven cents ($38,325.37) has been paid and received by Racicot
        leaving a balance of five hundred thousand dollars ($500,000.00). The said
        back
        pay shall be payable in two instalments of two hundred and fifty thousand
        dollars ($250,000.00) each, the first such instalment due on January 31,
        2008
        and the second instalment being the final payment due on March 31,
        2008.

       

      4.                 
        Expense Cheques

       

      The Company
        has paid and Racicot has received five thousand dollars ($5,000), representing
        reimbursement of outstanding expenses incurred by Racicot prior to the
        Retirement Date in the course of his duties to the Company. 

       

       

          5.                 
        Additional Benefits

       

      a)     
        The Company will continue to indemnify Racicot in respect of all public
        companies in accordance with the terms of the Indemnity Agreement attached
        hereto as Exhibit “A”;

       

      b)     
        Notwithstanding Racicot’s retirement, any stock options already granted to
        Racicot shall continue in effect and shall expire on the expiry date set
        out in
        the original grant of such options. 

       

          6.                 
        Security

       

       

      To
        secure the obligation of the Company to Racicot herein set forth, the Company
        hereby grants to Racicot a general security interest pursuant to the Personal
        Property Security Act of Ontario providing to Racicot a security interest in
        all of the collateral of the Company ranking senior in priority to all liens,
        security interests, encumbrances and charges, other than those expressly
        consented to in writing by Racicot or, in existence at the time of execution
        of
        this Agreement.

       

       

      7.                
Release by Racicot

       

      In consideration of the terms of this
        Agreement, Racicot hereby agrees to release Eiger in accordance with the
        Release
        attached hereto as Exhibit B”.

       

      8.                 
        Entire Agreement and Successors in Interest

       

       

      This
        Agreement contains the entire agreement between the Parties with regard to
        the
        matter set forth herein and shall be binding upon and enure to the benefit
        of
        the executors, administrators, personal representatives, heirs, successors
        and
        assigns of each.

       

       

          9.                 
        Governing Law 

       

      This
        Agreement made and entered into in the Province of Ontario and shall in all
        respects be interpreted, enforced and governed under the laws of Ontario.

       

          10.             
        Counterparts

       

      This
        Agreement may be signed in counterparts, each of which shall be deemed an
        original.  This Agreement may only be amended in writing, which amendment
        may also be signed in counterparts.

       

          11.             
        Severability

       

      Should
        any covenant, condition or other provision contained herein be held invalid,
        void or illegal by any court of competent jurisdiction, it shall be deemed
        severable from the remainder of the Agreement and shall in no way affect,
        impair
        or invalidate any other covenant, condition or other provision herein
        contained.  If such condition, covenant or other provision shall be deemed
        invalid due to its scope or breadth, it shall be deemed valid to the extent
        of
        the scope or breadth permitted by law.

       

          12.             
        Mutual Contribution

       

      This
        Agreement was drafted by both of the Parties and, thus, shall not be construed
        against any party because that party initially drafted any particular
        provision.

       

          13.             
        Effectiveness

       

      This
        Agreement shall become effective on execution.

       

          14.             
        Miscellaneous

       

      (a)               
        This Agreement cannot be amended, altered, modified, waived or superseded,
        in
        the whole or in part, except by a written agreement so stating which is signed
        the Parties to this Agreement.

       

      (b)              
        Waiver of any one breach of any provision hereof shall not be deemed to be
        a
        waiver of any other breach of the same or any other provision hereof.

       

      (c)               
        Section headings are for convenience only and are not part of the
        Agreement.

       

      (d)              
        Each person who executes this Agreement on behalf any party to the Agreement
        represents and warrants that he or she has been duly authorized by such party
        to
        execute the Agreement.

       

                 
IN WITNESS WHEREOF, the Parties have executed
        this Agreement as of the date set
        forth above.

       

                 
Eiger Technology
        Inc.                                                  

       

                 
/s/ John
        Simmonds                                                       
/s/ Gerry Racicot

       

                 
_______________________                                     
___________________________

       

                 
Per:
                                                                            
Gerry Racicot

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

                                
        EXHIBIT A

       

       

       

       

       

       

       

      CORPORATE
        INDEMNITY AGREEMENT 

       

      THIS
        AGREEMENT is dated effective as of the 24th day of August, 2007. 

       

      BET
        WEE N: 

       

      GERRY
        RACICOT, of Toronto, Ontario, M5H 3S1 

       

      (herein
        referred to as the "Director") 

       

      OF
        THE FIRST PART 

       

      -
        and - 

       

      EIGER
        TECHNOLOGY INC., NEWLOOK INDUSTRIES CORP. AND RACINO ROY ALE 

       

      (herein
        collectively referred to as the "Corporations") 

       

      OF
        THE SECOND PART 

       

      WHEREAS:
        

       

      A.                
        By the General By-Laws of the Corporations, the Corporations are required
        to
        indemnify a director or officer, a former director or officer or a person
        who
        acts or acted at the request of the Corporations as a director or officer
        of a
        body corporate of which the Corporations are or were a shareholder or creditor
        and his or her heirs and legal representatives against all costs, charges
        and
        expenses including, without limitation, an amount paid to settle an action
        or
        satisfy a judgment reasonably incurred by him or her in respect of any civil,
        criminal or administrative action or proceeding to which he or she is made
        a
        party by reason of having been a director or officer of such body corporate
        if:

       

      (i)
               he or she acted honestly and in good faith
        with a view to the best interests of the

      Corporations;
        and 

       

      (ii)
               in the case of a criminal or administrative
        action or proceeding that is enforced by a

      monetary
        penalty, he or she had reasonable grounds for believing that his or her conduct
        was lawful. 

       

      B.                
        The Corporations have agreed to execute an agreement evidencing its indemnity
        of
        the Director to the fullest extent permitted by law. 

       

      NOW
        THEREFORE THIS AGREEMENT WITNESSETH that, in consideration of the sum
        of [TEN DOLLARS ($10.00)] now paid by the Director to the Corporations (the
        receipt of which is hereby acknowledged) and for other good and valuable
        consideration, the parties hereto agree each with the other as follows: 

       

      1.                 
        Except in respect of an action by or on behalf of the Corporations to procure
        a
        judgment in its favour, the Corporations will indemnify and save harmless
        the
        Director and his or her heirs and legal representatives against all costs,
        charges and expenses, including, without limitation, an amount paid to settle
        any action or to satisfy a judgment reasonably incurred by him or her in
        respect
        of any civil, criminal or administrative action or proceeding to which he
        or she
        is made a party by reason of being or having been a director or officer of
        the
        Corporations or a director or officer of a body corporate of which the
        Corporations are a shareholder or creditor, as long as he or she is or was
        acting as a director or officer of such body corporate at the request of
        the
        Corporations, if: 

    

    
       

                 
        (a)        the Director acted honestly and in good
        faith with a view to the best interests of 

      the
        Corporations; and 

       

                 
        (b)        in the case of a criminal or
        administrative action or proceeding that is enforced by 

      a
        monetary penalty, the Director had reasonable grounds for believing that
        his or
        her conduct was lawful. 

       

      2.                  
        For the purposes of section 1 hereof, the termination of any civil, criminal
        or
        administrative action or proceeding by judgment, order, settlement, conviction
        or similar or other result shall not of itself create a presumption either
        that
        the Director did not act honestly and in good faith with a view to the best
        interests of the Corporations or that; in the case of a criminal or
        administrative action or proceeding that is enforced by a monetary penalty,
        the
        Director did not have reasonable grounds for believing that his or her conduct
        was lawful. 

       

      3.                  
        In respect of an action by or on behalf of the Corporations or a body corporate
        of which the Corporations are or were a shareholder or creditor to procure
        a
        judgment in its favour to which the Director is made a party by reason of
        being
        or having been a director or officer of the Corporations or a director or
        officer of a body corporate at the Corporations' request, the Corporations
        will
        make application for approval of the appropriate court, as defined in the
        Business Corporations Act, (Ontario) (the "Act") to indemnify the
        Director and his or her heirs and legal representatives against all costs,
        charges and expenses reasonably incurred by him or her in connection with
        such
        action if: 

       

                 
        (a)        the Director acted honestly and in good
        faith with a view to the best interests of 

      the
        Corporations; and 

       

                 
        (b)        in the case of a criminal or
        administrative action or proceeding that is enforced by

      a
        monetary penalty, the Director had reasonable grounds for believing that
        his or
        her conduct was lawful. 

       

      4.                  
        Notwithstanding anything in this Agreement, the Corporations shall indemnify
        the
        Director in respect of all costs, charges and expenses reasonably incurred
        by
        him or her in connection with the defence of any civil, criminal or
        administrative action or proceeding to which he or she is made a party by
        reason
        of being or having been a director or officer of the Corporations or a director
        or officer of a body corporate to which the Corporations are or were a
        shareholder or creditor, as long as he or she was so acting as a director
        or
        officer of such body corporate at the request of the Corporations, if: 

       

                 
        (a)        the Director was substantially
        successful on the merits in his or her defence of the 

      action
        or proceeding; 

       

    

               
      (b)        the Director acted honestly and in good
      faith with a view to the best interests of 

    the
      Corporations; and 

     

               
      (c)        in the case of a criminal or
      administrative action or proceeding that is enforced by

    a
      monetary penalty, the Director had reasonable grounds for believing that his
      or
      her conduct was lawful. 

     

    5.                 
      Subject as hereinafter provided, the Corporations will pay all expenses covered
      by this Agreement and incurred by the Director, his or her heirs and legal
      representatives, in defending any civil, criminal or administrative action
      or
      proceeding to which the Director or his or her heirs and legal representatives
      are made a party by reason of the Director's being or having been a director
      or
      officer of the Corporations or a director or officer of a body corporate of
      which the Corporations are a shareholder or creditor if he or she was so acting
      as a director or officer of such body corporate at the request of the
      Corporations, in advance of the final disposition of such action or proceeding.
      Inrespect of an action by or on behalf of the Corporations
      to
      procure a judgment in its favour and in respect of which the Corporations are
      obliged by section 3 hereof to make application for approval of the appropriate
      court, as defined in the Act, to indemnify the Director or his or her heirs
      and
      legal representatives, the Corporations shall pay all such expenses in advance
      of the final disposition of such action or proceeding only upon receipt of
      an
      undertaking satisfactory to the Corporations by or on behalf of the Director
      or
      his or her heirs or legal representatives, to repay such amount if such
      appropriate court determines that the Director or his or her heirs or legal
      representatives is not entitled to be indemnified. 

     

    6.                 
      This Agreement shall not operate to abridge or exclude any other rights, in
      law
      or in equity, to which the Director may be entitled by operation oflaw or under
      any statute, by­law of the Corporations, agreement, vote of the shareholders
      of the Corporations, vote of disinterested directors of the Corporations or
      otherwise. 

     

    7.                 
      This Agreement and the benefit and obligation of all covenants herein contained
      shall enure to the benefit of and be binding upon the heirs, executors,
      administrators, legal personal representatives and successors and assigns of
      the
      Director and the successors and assigns of the Corporations. 

     

    IN
      WITNESS WHEREOF this Agreement has been executed by the parties hereto
      as of the 24th day of August, 2007.

     

     

     

     

     

                                                      
      

     

    
      	                       
               _______________________	 /s/
              GERRY RACICOT
	                                       
              WITNESS	
              Gerry
                Racicot

            

    

                                                                                                              

     

    
 

     

    
      
        	 	EIGER
                TECHNOLOGY, INC.
	 	Per:
                /s/ John G. Simmonds
	 	Name:
                John Simmonds
	 	Title:  
                Director
	 	 I/we
                have authority to bind the corporation
	 	 
	 	RACINO
                ROYALE, INC.
	 	
                Per:
                  /s/ John G. Simmonds

              
	 	Name:
                John Simmonds
	 	Title:
                Director
	 	 I/we
                have authority to bind the corporation
	 	 
	 	NEWLOOK
                INDUSTRIES CORP.
	 	Per:
                /s/ Jason Moretto
	 	Name:
                Jason Moretto
	 	Title:
                Director
	 	 I/we
                have authority to bind the
                corporation

      

       

       

    

                                                                                                          

                                                                                               

     

                                                                                                      

     

                                                                                                                                   

     

                                                                                                                                         

     

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

     

    EXHIBIT
      B

     

     

     

     

     

     

     

                          
      TO:       EIGER TECHNOLOGY INC. (the
      "Corporation") 

     

    RELEASE
      

     

    KNOW
      ALL MEN BY THESE PRESENTS that the undersigned, in consideration of the
      sum of Ten Dollar ($10.00) of lawful money of Canada and for other good and
      valuable consideration (the receipt and sufficiency whereof are hereby
      irrevocably acknowledged) the undersigned does hereby remise, release and
      forever discharge the Corporation of and from all manner of actions, causes
      of
      action, deeds, suits, proceedings, debts, dues, duties, accounts, bonds,
      covenants, contracts, claims, demands, damages (known or unknown), sums of
      money, and liabilities whatsoever both in law and in equity which against the
      Corporation the undersigned ever had, now has or hereafter can, shall or may
      have for or by reason of or in respect of any cause, act, matter or thing
      whatsoever existing up to and including the date hereof in connection with
      the
      undersigned's respective capacities as a director, shareholder and employee
      of
      the Corporation provided; 

     

    SAVE
      AND EXCEPT that this Release shall not be in respect of any rights the
      undersigned may have present to a Settlement Agreement dated August 24, 2007
      between the undersigned and the Corporation. 

     

    The
      provisions hereof shall enure to the benefit of the Corporation and the
      Shareholders and their heirs, executors, administrators, successors, assigns
      and
      legal representatives, and shall be binding upon the undersigned and his/her
      respective heirs, executors, administrators, successors, assigns and legal
      representatives. 

     

    IN
      WITNESS WHEREOF the undersigned has duly executed these presents this
      24th day of August, 2007.

     

     

     

    SIGNED,
      SEALED AND DELIVERED 

     

                        
      in the presence of

     

     

     

     

     

     

     

    _____________________________      
                                                  /s/
      GERRY RACICOT

     

     
      Witness                                                                                             
Gerry Racicotsentientp-note070824.htm

  

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      10.47

    

    PROMISSORY
      NOTE

    (FUND
      NOTE)

    

    
      	
              $350,000.00

            	 
	 	
              Issuance
                Date: August 24, 2007

            
	 	
              Maturity
                Date: December 31, 2007

            

    

    

    FOR
      VALUE RECEIVED, AmerAlia, Inc., a Utah corporation
      (hereinafter designated "Maker") promises to pay to the order of
Sentient USA Resources Fund II, L.P., a Delaware limited
      partnership (hereinafter designated "Holder") at c/o The Sentient Group,
      1010 Sherbrooke Street West, Suite 1512, Montreal, Quebec H3A-2R7, Canada
      , (or at the option of Holder, at such other place or places Holder
      shall designate in writing) in lawful money of the United States, the principal
      sum of Three Hundred Fifty Thousand and no/100 Dollars ($350,000.00) with
      interest thereon as described herein.

    

    1.           Interest.  The
      unpaid principal balance remaining unpaid from time to time shall bear interest
      at the rate of six per cent (6.0 %) per annum.  Interest shall be
      compounded monthly.

    

    2.           Maturity
      Date.  The entire balance of the unpaid principal together with
      interest thereon, shall be due and payable on December 31, 2007 unless the
      maturity date is accelerated as provided below.

    

    3.           Prepayment
      Permitted.  Prepayments may be made in part or in full of
      principal or interest due under this Note without penalty. Any prepayments
      shall
      be credited against the final installment due under this Note and shall not
      affect the next installment of principal and interest.

    

    4.           Nonmonetary
      Default.  If (i) this Note, any guarantee hereof, the security
      agreement related hereto, or any other agreement, undertaking or arrangement
      referred to therein shall become unenforceable in accordance with its terms,
      or
      (ii) Maker or any endorser, surety or guarantor of this Note:

    

    a.           Fails,
      after demand, to furnish financial information or to permit inspection of any
      of
      their respective books and records;

    

    b.           Suspends
      business, dissolves or terminates its existence;

    

    c.           Becomes
      insolvent (unable to pay his, her, or its debts as they become due) or offers
      settlement to its creditors in lieu of such proceedings;

    

    d.           Files
      a voluntary petition in bankruptcy, or an involuntary petition in bankruptcy
      is
      filed against him, her, or it that is not discharged within thirty (30)
      days;

    

    e.           Makes
      an assignment for the benefit of creditors;

    

    f.           Mortgages,
      pledges, assigns, or transfers any assets, accounts receivable or other
      property, in trust or otherwise without the prior written consent of
      Holder;

    

    g.           Makes
      any representation or warranty or has made any representation or warranty which
      proves to be false, incorrect or misleading in any material respect regarding
      its business, operations, assets or financial condition, or if any report,
      certificate, or financial statement given to Holder shall be false or misleading
      in any material respect;

    

    h.           Fails
      to pay any of its obligations when due, whether at scheduled maturity, required
      prepayment, demand, acceleration, or otherwise, or fails to perform any
      agreement or other material obligation owed to any other party;

    

    i.           If
      it is dissolved,

    

    such
      occurrence shall be deemed to be a “non-monetary event of default”
hereunder.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    5.           Acceleration.  Upon
      (i) any failure of Maker to make any payment within 5 days of when due
      hereunder, or (ii) the occurrence of a non-monetary event of default if
      said non-monetary event of default is not cured within ten (10) days of
      notice from Holder to the Maker, then, in the case of any such occurrence,
      the
      unpaid principal, accrued interest, and all other amounts represented by this
      Note, at the option of the Holder hereof, to be exercised at any time
      thereafter, shall be due and payable at once, without further notice or
      demand.

    

    6.           Intentionally
      Omitted.

    

    

    

    7.           Default
      Interest.  After any default, interest shall accrue on all unpaid
      principal and interest at the rate of eighteen percent (18 %) per annum,
      compounded monthly, until such default is cured or until this Note is paid
      in
      full (the “default rate”).

    

    11.           Conversion.  Holder
      may convert the outstanding principal amount of this Note and all accrued but
      unpaid interest into shares of common stock of the Maker at the rate of $0.36
      per share.  When issued, the shares of the Maker's common stock
      issuable upon conversion of this Note will be validly issued, fully-paid and
      non-assessable.  Upon conversion, this Note will be cancelled and no
      longer outstanding. By executing and delivering this Note, Maker represents
      and
      warrants that all necessary actions have been taken by the Maker to authorize
      the execution hereof, to grant the conversion right described herein, and to
      issue the required number of shares upon any exercise of the conversion
      right.

    

    12.           Waiver.  Each
      person or entity now or at any time liable, whether primarily or secondarily,
      for the payment of the indebted­ness hereby evidenced, for himself, herself,
      or itself, and its heirs, legal representa­tives, successors and assigns,
      expressly waives presentment for payment, notice of dishonor, protest, notice
      of
      protest, and diligence in collection, and consents that the time of said
      payments or any part thereof may be extended by the Holder hereof, without
      modifying, altering, releasing, affecting or limiting its respective
      liability.

    

    13.           Cumulative
      Rights.  No failure to exercise and no delay in exercising on the
      part of the Holder, his, her, or its successors or assigns, of any right
      hereunder shall operate as a waiver of such right, nor shall any single or
      partial exercise thereof preclude any other or further exercise thereof or
      the
      exercise of any other right. The rights of the Holder, or his, her, or its
      successors or assigns, shall be cumulative and in addition to all other rights
      provided by law.

    

    14.           Costs
      and Attorney’s Fees.  The Maker of this Note agrees to reimburse
      the Holder hereof for all reasonable costs, including attorneys' fees incurred
      to collect this Note (whether a formal action is commenced or not), or any
      installments or principal and/or interest if not paid when due, or to enforce
      any of the rights of a secured party with respect to the collateral for this
      Note (including but not limited to the costs of retaking possession of any
      collateral for this Note), or to collect on any of the guarantees hereof. All
      amounts awarded to the Holder as part of any judgment shall bear interest at
      the
      default rate until paid in full.

    

    16.           Consent.  No
      extension of time for payment of all or any part of the amount owing on this
      Note will affect the liability of the Maker or any surety, guarantor, or
      endorser of this Note.   The Maker and all sureties, guarantors,
      endorsers, severally consent to any and all extensions of time, renewals,
      releases of liens, waivers, and modifications that may be made by the Holder
      to
      any other party. No delay by the Holder in exercising any right under this
      Note
      will operate as a waiver of that right; nor will any single or partial exercise
      of any right preclude other or further exercise of the right, or the exercise
      of
      any other right under this Note or otherwise as permitted by law.  Any
      waiver or modification will be valid only to the extent set forth in writing
      signed by the parties hereto.

    

    17.           Waiver
      of Jury Trial.  Maker and each endorser, surety or guarantor of
      this Note waives the right to trial by jury in any action in connection with
      this Note.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    18.           Addresses
      for Notices and Payments.  Except as otherwise provided, all
      payments, notices, tender, delivery or other communications to be given shall
      be
      in writing and shall be deemed to be properly given if delivered, mailed or
      sent
      by wire or other telegraphic communication:

    

    
      	
              If
                to Holder:

            	
              If
                to Maker:

            
	 	 
	
              Sentient
                USA Resources Fund II, L.P.

            	
              AmerAlia,
                Inc.

            
	
              c/o
                The Sentient Group

            	
              20971
                Smoky Hill Rd.

            
	
              1010
                Sherbrooke Street West, Suite 1512

            	
              Centennial,
                Colorado 80015

            
	
              Montreal,
                Quebec H3A-2R7

            	 
	
              Canada

            	 

    

    

    Either
      party may change that party's address for these purposes by giving written
      notice of the change to the other party in the manner provided in this section.
      If sent by mail, any notice, delivery, or other communication shall be effective
      or deemed to have been given two (2) days after it has been deposited in the
      United States mail, duly registered or certified, with postage prepaid, and
      addressed as set forth above.  If sent by wire or other form of
      telegraphic communica­tion, including facsimile transmission, or if
      delivered by courier or personal service, any notice, delivery or other
      communication shall be effective or deemed to have been given upon
      receipt.

    

    19.           Applicable
      Law.  This Note shall be governed by and construed and enforced in
      accordance with the provisions of the laws of the State of
      Colorado.  The federal and state courts in the State of Colorado shall
      have exclusive jurisdiction to adjudicate any dispute arising out of this
      Note.  Maker hereby expressly consents to personal jurisdiction of
      said courts.

    

    20.           Business
      Purposes.  The obligation represented by this Note is for
      commercial purposes only and is not for personal, family or household
      purposes.

    

    21.           Interest
      Limitation.  Interest payable under this Note and other amounts
      which would be considered to be interest or other charge for the use or loan
      of
      money shall never exceed the highest rate allowed by law.  If the
      interest or other charges collected or to be collected in connection with the
      loan evidenced hereby exceed the permitted limits, then: (i) any such interest
      or loan charge shall be reduced by the amount necessary to reduce the amount
      charged to the permitted limit, and (ii) any sums already collected from Maker
      which exceed the permitted limits will be refunded or used to reduce other
      amounts payable hereunder.

    

    22.           Registered
      Obligation. This note is registered with the Maker as to both the principal
      amount and any interest payable hereunder and may be transferred by the Holder
      to any third person only by surrendering the original note to the Maker and
      the
      issuance by the Maker of a new obligation to the transferee, as required under
      Section 1.871-14(c) of the Treasury Regulations promulgated under the United
      States Internal Revenue Code.

    

    MAKER:

    AmerAlia,
      Inc.

    

    

    By:
                  /s/
      Bill H. Gunn

    Bill
      H. Gunn,
      President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]