Document:

ex10_3.htm

     

    
      QUIT CLAIM MINERAL
DEED

       

      THIS
INDENTURE, made the 9th
day of April, 2010, between RUSSELL B.

      PACE,
JR., of 2139 Bybee's Church Road, Palmyra, Virginia 22963, "Grantor", to TEEN
GLOW MAKEUP, INC. (name change to American Power Corp. in process), a Nevada
Corporation, of 16 Market Square Centre, 1400 16th
Street, Suite 400, Denver, Colorado, "Grantee".

       

      WITNESSETH:

       

       

      Grantor,
for good and valuable consideration paid to him by Grantee, the receipt of which
is hereby acknowledged, does hereby convey, remise, and forever quit claim unto
Grantee, and to its successors and assigns forever, all mineral rights located
under real property in Judith Basin County, Montana as described on the attached
Exhibit A which by this reference is a part hereof. This transfer does not
include any Coal rights.

       

      This
property comes with all tenements, hereditaments, and appurtenances thereto
belonging and also all of the estate, right, title, interest, property,
possession, claim and demand whatsoever, as well in law as in equity, of the
Grantor, of, in, or to the premises to have and to hold with the appurtenances
unto Grantee and to its successors and assigns forever. This deed transfers all
mineral rights (except Coal), all oil rights and all gas rights owned by Grantor
in the property described on the attached Exhibit A.

       

      The
Grantee shall also obtain all surface use rights now held by Grantor as derived
and described in the Quit Claim Deed dated March 1, 1965 and recorded in Book
156, Page 186 at the Judith Basin County Clerk and Recorder office. The surface
rights described in that deed consist of the right to use such surface as may be
necessary for exploring for and mining or otherwise extracting and carrying away
said minerals. That deed also provides Grantor and its successors and assigns
the full power to take all usual, necessary and convenient means for working,
getting out, laying up, dressing, making merchantable and the taking away of
said coal without liability or responsibility for any depression or subsidence
of or injury or damage to the surface of said premises or the buildings or
machinery thereon in any manner caused by the working, getting out, laying up,
or carrying away of said minerals.

      

      Reserving,
however, to the Grantor and his heirs, successors and assigns, a Royalty
interest in and to all the mineral rights including oil and gas, but excepting
coal, in, under or that may be produced or mined from the above described lands,
equal to twenty percent (20%) of all royalties, fees, or other payments received
by the then owner of said mineral rights from the lease of said mineral rights
or any portion thereof, and twenty percent (20%) of all net cash proceeds and/or
other considerations received by the then owner of said mineral rights from the
sale or other disposition of said mineral rights, or any portion thereof, with
the further right of Grantor to receive a full accounting of all information
needed to support his right to the royalty payments due, said Royalty to be
delivered to Grantor free of all costs of production.

       

      IN
WITNESS WHEREOF, the Grantor has set his hand & seal the day and year first
hereinbefore written.

      /s/Russell B Pace
Jr.

      RUSSELL
B. PACE JR.

      
 

      
        	
                STATE
      OF MONTANA )

                :
      ss.

                County of FERGUS)

              

      

       

      

       

      On this
9th day
of April, 2010, before me, the undersigned, a Notary Public for the State of
Montana, personally appeared, RUSSELL B. PACE, JR., known to me to be the person
whose name is subscribed to the within instrument and acknowledged to me that he
executed the same.

      [Missing Graphic Reference]

       

      IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official Notarial
Seal the day and year first hereinabove written.

       

      /s/ Robin
Fleming

      Robin
Fleming

      Notary
Public for the State of Montana

      Residing
at: Lewistown, MT

      My Commission expires: March 15,
2011

      QUIT CLAIM COAL MINERAL
DEED

       

          THIS
INDENTURE, made the 9th day
of April, 2010, between JBM

      ENERGY
COMPANY, LLC., of 2139 Bybee's Church Road, Palmyra, Virginia 22963, "Grantor",
to TEEN GLOW MAKEUP, INC. (name change to American Power Corp. in process), a
Nevada Corporation, of 16 Market Square Centre, 1400 16w
Street, Suite 400, Denver, Colorado, "Grantee".

       

      WITNESSETH:

       

          Grantor, for
good and valuable consideration paid to it by Grantee, the receipt of which is
hereby acknowledged, does hereby
convey, remise, and forever quit claim unto Grantee, and to its
successors and assigns forever, all coal rights located under real property in
Judith Basin County; Montana as described on the attached Exhibit A which by
this reference is a part
hereof. This transfer includes only Coal rights.

       

          This property
comes with all tenements, hereditaments, and appurtenances thereto belonging and
also all of the estate, right, title, interest, property, possession; claim and
demand whatsoever, as well in law as in equity, of the Grantor, of, in, or to
the premises to have and to hold with the appurtenances unto Grantee and to its
successors and assigns forever. This deed transfers all Coal rights that the
Grantor owns.

       

          The Grantee
shall also obtain all surface use rights now held by Grantor as derived from its
successors and described in the Quit Claim Deed dated March 1, 1965 and recorded
in Book 156, Page 186 at the Judith Basin County Clerk and Recorder office. The
surface rights described in that deed consist of the right to use such surface
as may be necessary for exploring
for and mining or otherwise extracting and carrying away said coal. That
deed also provides Grantor and its successors and assigns the full power to take
all usual, necessary and convenient means for working, getting out, laying up,
dressing, making merchantable and the taking away of said coal without liability
or responsibility for any depression or subsidence of or injury or damage to the
surface of said premises or the buildings or machinery thereon in any manner
caused by the working, getting out, laying up, or carrying away of said
coal.

       

          Reserving,
however, to the Grantor and its successors and assigns, a Royalty interest in
and to all the coal, in, under or that may be produced or mined from the above
described lands, equal to Twenty Five Cents ($0.25) per ton of coal as and when
mined or otherwise utilized, with the further right to Grantor to receive
a full accounting of all information needed to support its right to the royalty payments due, said
Royalty to be delivered to Grantor free of all costs of production.

       

      IN
WITNESS WHEREOF, the Grantor has set his hand & seal the day and year first
hereinbefore written.

      By: /s/ Russell B. Pace,
Jr.

      JBM
ENERGY COMPANY, LLC

      A
Delaware Limited Liability Company RUSSELL B. PACE, JR. Manager

      

       

      On this
9th day
of April, 2010, before me, the undersigned, a Notary Public for the State
of

       

      Montana,
personally appeared, RUSSELL B. PACE, JR. in his capacity as Manager of JBM
Energy Company, LLC, known to me to be the person whose name is subscribed to
the within instrument and acknowledged to me that he executed the
same.

       

      IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official Notarial
Seal the day and year first hereinabove written.

       

       

      

      /s/ Robin
Fleming

      Robin
Fleming

      Notary
Public for the State of Montana 

      Residing
at: Lewistown, MT 

      My Commission expires: March 15,
2011ex10_4.htm

     

    
      PROMISSORY
NOTE

       

      $1,950,000 April
9, 2010

       

      FOR VALUE
RECEIVED, undersigned, Teen Glow Makeup, Inc. (name change to American Power
Corp. in process), a Nevada corporation, hereby promises to pay to the order of
Russell B. Pace, Jr. ("Pace") the principal sum of One Million Nine Hundred
Fifty Thousand U.S. Dollars ($1,950,000), to be payable according to the
following schedule and terms.

       

      1.
Principal payments shall be made in the following amounts on the following
dates:

      
        	
                a.  

              	
                $200,000
      on October 9, 2010.

              

      

       

                   
b. $200,000
on April 9, 2011.

       

      
        	
                c.  

              	
                $100,000
      90 days following completion of the Reserve Study and Mining Plan by
      undersigned as required by undersigned's agreement with Pace, but in no
      event later than on April 9, 2012.

              

      

       

      
        	
                d.  

              	
                $200,000
      180 days following completion of the Reserve Study and Mining Plan by
      undersigned as required by undersigned's agreement with Pace, but in no
      event later than April 9, 2012.

              

      

       

      
        	
                e.  

              	
                Commencing
      on April 9, 2014, the remaining principal balance of One Million Two
      Hundred Fifty Thousand U.S. Dollars ($1,250,000) shall be paid in eight
      (8) equal quarterly installments plus all accrued interest on the unpaid
      principal balance due on the date of each installment payment of
      principal. Said quarterly installments of $156,250 each, plus the accrued
      interest, shall .be
      paid on April 9, 2014, July 9, 2014, October 9, 2014, January 9, 2015,
      April 9, 2015, July 9, 2015, October 9, 2015 and January 9,
      2016.

              

      

       

      This Note
shall, bear interest at the rate of five percent (5%) per annum, but no interest
shall be due and payable by undersigned during the first two (2) years following
April 9, 2010. Interest shall commence to accrue starting on April 9, 2012, and
interest only payments of $15,625 each shall be paid quarterly on the ninth
(9th)
day of each following July, October, January and April of every year
through April 9, 2014 when thereafter quarterly interest payments are calculated
on unpaid principal balances through the end of each quarter.

       

      
        	
                3.  

              	
                Undersigned
      shall have the right to prepay all or any part of the principal balance at
      any time without penalty.

              

      

       

      
        	
                4.  

              	
                All
      payments of principal and interest shall be made in cash by bank wire
      according to bank wire instructions given by Pace to undersigned from time
      to time.

              

      

       

      
        	
                5.  

              	
                All
      payments shall be first applied to interest and the balance to principal.
      All prepayments shall be applied in reverse order of
    maturity.

              

      

       

      
        	
                6.  

              	
                This
      Note is secured by a Mortgage of even date herewith (the "Mortgage") which
      constitutes a first lien upon coal and other mineral rights located in
      Judith Basin County, Montana.

              

      

       

      
        	
                7.  

              	
                This
      Note shall become due and payable at the option of the holder hereof,
      immediately upon default in payment of any installment of principal or
      interest payable hereunder, or any part thereof, or upon failure to comply
      with any of the terms, covenants, conditions or agreements contained in
      the Mortgage or other security instrument securing this Note, or upon the
      dissolution or liquidation of the undersigned, or upon the filing by
      undersigned of an assignment for the benefit of creditors, a petition in
      bankruptcy or other relief under the Bankruptcy Code, or by suffering an
      involuntary petition in bankruptcy or receivership not vacated within 30
      days.

              

      

       

      
        	
                8.  

              	
                The
      undersigned agrees to pay all costs of collection, including reasonable
      attorney and paralegal fees, if this Note is placed in the hands of an
      attorney for collection after default, and hereby waives demand,
      presentment for payment, protest, notice of protest, and notice of
      dishonor.

              

      

       

      
        	
                9.  

              	
                Waiver
      by the holder hereof of any default by the undersigned shall not
      constitute a waiver by the holder of a subsequent default. Failure by the
      holder to exercise any right, power or privilege which he may have by
      reason of a default by the undersigned, shall not preclude the exercise of
      such right, power or privilege, so long as such default remains uncured or
      if a subsequent default occurs.

              

      

       

      
        	
                10.  

              	
                If
      the coal or other mineral rights encumbered by the Mortgage, or any
      portion thereof, or any interest therein, are sold, mortgaged, or conveyed
      or become subject to an agreement to sell, mortgage, or convey prior to
      the time this Note shall have been paid in full, then the entire balance
      of principal and accrued interest hereunder shall at the option of the
      holder hereof become immediately due and
  payable.

              

      

       

      
        	
                11.  

              	
                If
      Buyer makes timely all payments provided for hereunder, and if Buyer
      becomes entitled to receive
      the 40% equity interest in JBM as provided for in paragraph 10.a.
      of the Coal Buy and Sell Agreement between Buyer and JBM, this Promissory
      Note for the remaining balance of $1,250,000 shall be
      cancelled.

              

      

       

      
        	
                12.  

              	
                This
      note is made and executed under, and is in all respects to be governed by,
      the laws of the State of Montana.

              

      

       

      This Note
is being executed this 9th
day of April, 2010.

      

      

      TEEN GLOW
MAKEUP, INC. (name change to American Power Corp. in process)

      By: /s/ Johannes
Petersen

      President

      Undersigned
Maker

      

      Signed in
the presence of:

      

      

      /s/ Robin
Fleming

      Witness

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