Document:

Unassociated Document

TEMPORARY OCCUPANCY AGREEMENT FOR MINING EXPLORATION BY _____________________________,  BY HIS OWN RIGHT, (HEREINAFTER THE “LAND OWNER”) AND CALGOLD DE MEXICO S DE R.L. DE C.V., REPRESENTED HEREIN JOINTLY BY ABDON HUMBERTO HERNANDEZ MARTINEZ, MARIO FRANCISCO MARTINEZ CARRERA ANDRADE AND ADRIAN GALVAN ZIRES, (HEREINAFTER THE COMPANY) PURSUANT TO THE FOLLOWING STATEMENTS AND CLAUSES:

STATEMENTS:

1. The LAND OWNER states he is the owner of the north fraction of the property called “El Peñasco” located in the Township of Moctezuma, Sonora, with an area of 3,701-68-15 hectares, as evidenced in deed number Ten Thousands four hundred Ninety-eight dated in august 28 of 1990 executed before Notary Public number 68 of Hermosillo Sonora, registered in the public registry of real estate and commerce of Cumpas Sonora on September 19 of 1990 under number 3482 of the first section, volume XXIX.

2. The LAND OWNER states, that at the date of signing of this contract the land is not affected by ejido land grants, or any other limitation of any kind which restricts its occupation and use in whole or in part the surface, so it is in material and legal conditions to grant this occupation for the purposes of this contract.

3. The LAND OWNER further states to be resident in _________________.

4. The COMPANY states that it is a corporation organized under the laws of Mexico.

5. The COMPANY’s legal’s representatives states that they has the powers to enter into this agreement, same which have not been revoked, modified or limited in any way.

6. The COMPANY is located at Prolongación Paseo de la Reforma 115-PH, Colonia Paseo de las Lomas, delegación Álvaro Obregón, Zipe Code 01330,  México Distrito Federal.

 

7. The COMPANY’s activities, among others, is the exploration and mining, having  an option to acquire  certain concessions, numbers 082/323550 232498 y 082/32407 232859, belonging to the mining lots known’s as La Viuda and La Viuda 1, located at the township of Moctezuma, Sonora, issued by the Ministry of Economy and registered in the Public Registry of Mining & Mining Rights (the “Mining Concessions”).

8. The COMPANY states that it requires access to and passage through the land owned by the LAND OWNER, in an area of 30 hectares located at inside surface that covers the Mining Concession.

Both parties agree to enter into this Agreement for temporary occupation of land without existence of vices of consent such as fraud, bad faith, error, ignorance or extreme necessity, in accordance with the provisions of Articles 27 Fraction VII of the Constitution of the United Mexican States, 1, 10, 19, 21 and other related and applicable to the Mining Law, pursuant to the following:

  

  

  

 

CLAUSES

FIRST - The parties recognize each other's character and personality with which they have signed this contract.

SECOND - The LAND OWNER hereby grants by way of temporary occupation in favor of the COMPANY, an area of 30 hectares located within the 3,701-68-15 hectares of his property constituting in this act a voluntary servitude or easement of way in favor of the COMPANY so that it moves freely along the roads that are within its surface; as well as it grants permission to the COMPANY to perform its own and necessary work for mineral exploration under the mining concession it has.

THIRD - Within the area of the servitude or easement, the COMPANY is empowered by the  LAND OWNER, to perform the work and / or activities of mineral exploration, no limitations other than those expressly indicated by the applicable laws.

FOURTH - In return for the voluntary servitude or easement and the exploration permit referred to the preceding clauses, the COMPANY agrees to pay to the LAND OWNER, in a single front payment, the amount of $14,400.00 USD (FOURTEEN THOUSAND FOUR HUNDRED DOLLARS STATES OF AMERICA), for each year that the COMPANY requires access and conducts exploration work on the land owned by the LAND OWNER, access shall commence the day after the date of signature of this contract.

FIFTH - During the term of this contract, the LAND OWNER authorizes the COMPANY to perform the activities of exploration, to build roads, alternate or additional to existing ones.

SIXTH - The COMPANY undertakes to perform only its own activities and mineral exploration in the area referred to the second clause of this contract, so that at the end of its term, is obliged to vacate and deliver the surface area of this agreement with all accessions in favor of the LAND OWNER, within sixty calendar days following the end of its term. Except if this contract is renewed before its termination, in which case  the COMPANY is entitled to maintain the occupation of land by the time it has extended its term.

SEVENTH - In the event that once the mining exploration activities by the  COMPANY results in the possibility and interest to carry out the exploitation of mineral deposits located within the land owned by the LAND OWNER, both parties  agree that in due course will discuss, on efforts of good faith, the terms and conditions for execution of the exploitation agreement.

EIGHTH - The agreement be in force one year, starting the next day to sign, with the ability to renew for two equal periods in the same terms agreed by the parties.

NINTH - Both parties agree to request the registration of this instrument with the Delegation of the municipality of Campus Sonora’s Public Registry of Property, to be known by third parties.

 

  

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TENTH - for any communication in relationship with the agreement, the parties designate as his domicile:

 

	

LAND OWNER

	 	 	 	
 

 

	
 

	 	 	
 

	 
	
 

	 	 	
 

	 
	
 

	 	 	
 

	 

 

THE COMPANY

Prolongación Paseo de la Reforma 115-PH, Colonia Paseo de las Lomas, delegación Álvaro Obregón, Código Postal 01330,  México Distrito Federal.

ELEVEN - Failure to comply with any of the preceding clauses, performance or enforcement hereof, the parties expressly submit to the laws and courts of the city of Hermosillo, Sonora.

After having read the contents of this contract, the parties ratify and sign, respectively in México City and the city of Hermosillo, Sonora, on May __, 2011, it being aware of its contents and legal scope all purposes as appropriate.

 

	
The LANDOWNER

	 	 	 	
 

 

	
 

	 	 	
 

	 
	
 

	 	 	
 

	 
	
 

	 	 	
 

	 

 

	The Company	 	 	 	
 

 

	
 

	 	 	
 

	 
	

CAL GOLD DE MEXICO, S DE RL DE CV

	 	 	
 

	 
	

LEGAL REPRESENTATIVE

	 	 	
 

	 

 

  

3Unassociated Document

AMENDMENT NO. 1 TO

CONSULTING AGREEMENT

This Amendment No. 1 to Consulting Agreement (the “Amendment”) is made as of June 6, 2011, between James D. Davidson (the “Consultant”) and California Gold Corp. (the “Company”).  This Amendment amends the Consulting Agreement between the Consultant and the Company, dated as of January 28, 2011 (the “Agreement”).  Capitalized terms used and not otherwise defined herein have the respective meanings ascribed to them in the Agreement.

1.           Amendment.  Section 4 of the Agreement is hereby amended to read in its entirety as follows:

 

Compensation.  In consideration of the services to be rendered by the Consultant hereunder, the Company will pay the Consultant a monthly fee of $2,000, beginning June 2011.

2.           Affirmation.  Except to the extent modified hereby, the Agreement remains in full force and effect.

 

  

  

  

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set forth above.

	 	
CALIFORNIA GOLD CORP.

	 
	 	 	 	 
	
 

	
By: 

	

/s/ James D. Davidson

	 
	 	 	Name: James D. Davidson	 
	 	 	Title: CEO	 

 

	
 

	
 

	

/s/ James D. Davidson 

	 
	 	 	
James D. Davidson

	 

 

  

2Unassociated Document

CONSULTING AGREEMENT

 

CONSULTING AGREEMENT dated as of June 6, 2011 (the “Agreement”) by and between Michael Baybak (the “Consultant”) and California Gold Corp. (the “Company”).

 

WHEREAS, the Company desires to engage the Consultant as a consultant to provide certain consulting services related to the Company’s business, and the Consultant is willing to be engaged by the Company as a consultant and to provide such services, on the terms and conditions set forth below;

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the receipt and sufficiency of which are hereby acknowledged, the Company and the Consultant agree as follows:

 

1.       Consulting. The Company hereby agrees to retain the Consultant, and the Consultant hereby agrees to make himself available as a consultant to the Company, upon the terms and subject to the conditions contained herein.

 

2.       Duties of Consultant. During the Consulting Term (as hereinafter defined), the Consultant shall provide the Company with consulting advice in regard to the business and operations of the Company as set forth on Schedule A hereto, provided that Consultant shall not be required to undertake duties not reasonably within the scope of this Agreement.  It is understood and acknowledged by the parties that the value of the Consultant’s advice is not readily quantifiable, and that, although the Consultant shall be obligated to render the advice contemplated by this Agreement upon the reasonable request of the Company, in good faith, the Consultant shall not be obligated to spend any specific amount of time in so doing.

 

3.       Term. Subject to the provisions for termination hereinafter provided, the term of this Agreement shall commence on June 6, 2011 (the “Effective Date”) and shall continue for a minimum period through June 5, 2013 (the “Minimum Period”) and thereafter upon the mutual agreement of the Company and the Consultant (the “Consulting Term”).

4.       Compensation. In consideration of the services to be rendered by the Consultant hereunder, the Company will pay the Consultant a monthly fee of $6,000, beginning on the Effective Date.

5.       Termination. If the Consultant should become unable to serve as Consultant or should fail to perform any of the obligations hereunder for any cause including death or disability, always in the sole judgment and decision of the Company, then the Company shall have the right to terminate this agreement on five days prior written notice.  The Consultant shall have the right to resign at any time upon 30 days prior written notice.  The Company may in its discretion and at its option terminate this Agreement at any time after the Minimum Period upon five (5) days prior written notice to the Consultant.

6.       Reimbursement. The Company will reimburse the Consultant for all reasonable pre-approved out-of-pocket expenses incurred in connection with this Agreement.

 

  

  

  

 

7.       Confidential Information. The Consultant recognizes and acknowledges that by reason of Consultant’s retention by and service to the Company before, during and, if applicable, after the Consulting Term, the Consultant will have access to certain confidential and proprietary information relating to the Company’s business, which may include, but is not limited to, trade secrets, trade “know-how,” product development techniques and plans, formulas, customer lists and addresses,  financing services, funding programs, cost and pricing information, marketing and sales techniques, strategy and programs, computer programs and software and financial information (collectively referred to as “Confidential Information”).  The Consultant acknowledges that such Confidential Information is a valuable and unique asset of the Company and Consultant covenants that she will not, unless expressly authorized in writing by the Company, at any time during the Consulting Term use any Confidential Information or divulge or disclose any Confidential Information to any person, firm or corporation except in connection with the performance of Consultant’s duties for the Company and in a manner consistent with the Company’s policies regarding Confidential Information.  The Consultant also covenants that at any time after the termination of this Agreement, directly or indirectly, he will not use any Confidential Information or divulge or disclose any Confidential Information to any person, firm or corporation, unless such information is in the public domain through no fault of Consultant or except when required to do so by a court of law, by any governmental agency having supervisory authority over the business of the Company or by any administrative or legislative body (including a committee thereof) with apparent jurisdiction to order Consultant to divulge, disclose or make accessible such information.  All written Confidential Information (including, without limitation, in any computer or other electronic format) which comes into the Consultant’s possession during the Consulting Term shall remain the property of the Company.  Except as required in the performance of the Consultant’s duties for the Company, or unless expressly authorized in writing by the Company, the Consultant shall not remove any written Confidential Information from the Company’s premises, except in connection with the performance of Consultant’s duties for the Company and in a manner consistent with the Company’s policies regarding Confidential Information.  Upon termination of this Agreement, the Consultant agrees to return immediately to the Company all written Confidential Information (including, without limitation, in any computer or other electronic format) in Consultant’s possession.

 

8.       Status as Independent Contractor.  The parties intend and acknowledge that the Consultant is acting as an independent contractor and not as an employee of the Company.  The Consultant shall have full discretion in determining the amount of time and activity to be devoted to rendering the services contemplated under this Agreement and the level of compensation to Consultant is not dependent upon any preordained time commitment or level of activity.  The Company acknowledges that the Consultant shall remain free to accept other consulting engagements of a like nature to the engagement under this Agreement.  The Company shall not be responsible for any withholding in respect of taxes or any other deductions in respect of the fees to be paid to Consultant and all such amounts shall be paid without any deduction or withholding.  Nothing in this Agreement shall be construed to create any partnership, joint venture or similar arrangement between the Company and the Consultant or to render either party responsible for any debts or liabilities of the other.

 

9.       Consultant’s Services to Others. The Company acknowledges that Consultant and his affiliates are in the business of providing consulting advice to others.  Nothing herein contained shall be construed to limit or restrict Consultant or his affiliates in conducting such business with respect to others or in rendering such advice to others.  The Consultant acknowledges that the Company may hire other consultants to provide services complimentary to those provided by the Consultant.

 

  

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10.       Conflict of Interest. The Consultant and the Company agree that there is no conflict of interest in connection with the retention by the Company of the Consultant pursuant to this Agreement.

 

11.       Waiver of Breach. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate nor be construed as a waiver of any subsequent breach.

 

12.       Binding Effect; Benefits. Neither of the parties hereto may assign its or his rights hereunder without the prior written consent of the other party hereto, and any such attempted assignment without such consent shall be null and void and without effect.  This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their respective successors, permitted assigns, heirs and legal representatives.

 

13.       Notices. All notices and other communications which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly given (a) when delivered in person, (b) one (1) business day after being mailed with a nationally recognized overnight courier service, or (c) three (3) business days after being mailed by registered or certified first class mail, postage prepaid, return receipt requested, to the parties hereto at:

 

	
If to the Company, to:

	 	
c/o ICS, 2515 Ocean View Blvd., Ste 305

	  	 	
La Canada, CA 91011

                                     

	
If to the Consultant, to:

	 	
c/o Michael Baybak

	  	 	
Michael Baybak and Company, Inc.

	  	 	
2110 Drew Street, Suite 200

	  	 	
Clearwater, Florida 33765

 

12.       Entire Agreement; Amendments. This Agreement contains the entire agreement and supersedes all prior agreements and understandings, oral or written, between the parties hereto with respect to the subject matter hereof.  This Agreement may not be changed orally, but only by an agreement in writing signed by the party against whom any waiver, change, amendment, modification or discharge is sought.

13.       Severability. The invalidity of all or any part of any provision of this Agreement shall not render invalid the remainder of this Agreement or the remainder of such provision.  If any provision of this Agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable.

 

14.       Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the law of the State of New York without giving effect to the principles of conflicts of law thereof.  The parties hereto each hereby submits herself or itself for the sole purpose of this Agreement and any controversy arising hereunder to the exclusive jurisdiction of the state courts in the State of New York.

 

15.       Headings. The headings herein are inserted only as a matter of convenience and reference, and in no way define, limit or describe the scope of this Agreement or the intent of the provisions thereof.

 

16.       Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.  Signatures evidenced by facsimile transmission will be accepted as original signatures.

 

[SIGNATURE PAGE FOLLOWS]

  

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IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date first above written.

 

	 	
CALIFORNIA GOLD CORP.

	 
	 	 	 	 
	
 

	
By: 

	
/s/ James D. Davidson

	 
	 	 	
James D. Davidson

	 
	 	 	
President & CEO

	 

 

	
 

	
 

	 	 
	 	 	
Michael Baybak

	 

 

  

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Schedule A

 

Advisory, marketing, and financial consulting services.

 

  

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