Document:

Non-Competition Agreement dated February 15, 2007

 Exhibit 10.4 
 NON-COMPETITION AGREEMENT 
 THIS AGREEMENT made the 15th day of February, 2007, 
 BETWEEN: 
 ALLIED NEVADA GOLD CORP., a company
incorporated under the laws of Delaware, USA having an address at 1360 Greg Street, Suite 203, Sparks, Nevada, USA 
 (the
“Company”) 
 AND: 
 CARL PESCIO, a business person having an address at P.O. Box 5831, Elko, Nevada, USA, 89802 
 (“Pescio”)

 WITNESSES THAT WHEREAS: 
 A. The Company, Pescio, Janet
Pescio and Vista Gold Corp. are parties to an arrangement and merger agreement (the “Arrangement Agreement”) dated as of September 22, 2006. 
 B. Under the terms of the Arrangement Agreement, the Company will, among other things, acquire the interests of Pescio and his wife, Janet Pescio, in certain Nevada mining properties and related assets. 
 C. The Company and Pescio are parties to a professional service agreement dated the date hereof (the “Professional Service Agreement”), under which the
Company will compensate Pescio for consulting services to the Company commencing on the completion of the transaction contemplated in the Arrangement Agreement. 
 D. It is a condition to the closing of the transactions contemplated by the Arrangement Agreement that the Company and Pescio enter into this Non-Competition Agreement. 
 NOW THEREFORE in consideration of Vista and Pescio, among others, entering into the Arrangement Agreement, the respective covenants and agreements set out in this Agreement and other good and valuable
consideration given by each party to the other, the receipt and sufficiency of which is hereby acknowledged by each of the parties, the parties covenant and agree as follows: 

 This Agreement will come into force on the completion of the transaction contemplated by the Arrangement Agreement. If
the transactions contemplated by the Arrangement Agreement have not been completed by June 1, 2007 this agreement will be null and void and of no further force and effect. 
 1. Non-Competition Obligations. Pescio expressly agrees that, for a period of two (2) years from the date this Agreement comes into force, Pescio will not, either alone or in partnership or in conjunction
with any other person, firm, association, corporation or other entity, as principal, agent, shareholder, partner, officer, director, investor, consultant, advisor, guarantor, employee or in any other capacity, directly or indirectly, carry on
business in the State of Nevada which is the same as, substantially similar to or in any way competitive with the business carried on by the Company, being the acquisition, exploration and development of mineral properties. 
 Notwithstanding the foregoing provisions, the Company acknowledges that: (a) Pescio is currently a director of Tornado Gold International Corp.; (b) the
Company has consented to Pescio’s continued involvement as a director of that corporation; and (c) such involvement shall be deemed not to be a violation of this Section 1. 
 2. Non-Solicitation Obligation. For a period of two (2) years from the date this Agreement comes into force, Pescio will not, directly or indirectly, solicit
or entice any of the following individuals or entities to cease, terminate or materially reduce their respective relationship with the Company or any affiliate of the Company (collectively, the “Corporate Group”) (a) any executive,
manager, employee or representative of the Corporate Group (or any one or more of them); (b) any contractor or supplier of the Corporate Group (or any one or more of them); (c) any customer or client of the Corporate Group (or any one or
more of them); or (d) any active prospective customer or client of the Corporate Group (or any one or more of them) that was contacted by the Corporate Group in the 6 month period immediately prior to the date hereof. 
 3. Reasonable Restrictions. Pescio acknowledges that all the restrictions contained in this Agreement are reasonable, necessary and valid including, without
limitation, the time and geographic limitations specified in this Agreement, and Pescio hereby waives all defences to the strict enforcement thereof by the Company. 
 4. Livelihood. Pescio hereby represents to the Company that the observance of the terms of this Agreement will not deprive Pescio of his ability to earn a livelihood. 
 5. Injunctive Relief. Pescio acknowledges and agrees that a violation of any of the covenants contained in this Agreement by Pescio will cause irreparable harm or
damage to the Company, the exact amount of which would be impossible to ascertain, and for this 

  

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reason, among others, the Company will be entitled to obtain injunctive relief restraining any further violations of such covenants, without the necessity of
providing any undertaking as to damages or meeting any requirements for security. Pescio hereby also acknowledges and agrees that, in the event of a violation of any of the covenants contained in this Agreement by Pescio, an injunctive or
restraining order is a reasonable and proper remedy. The right of the Company to any injunction or other equitable relief under this Section 5 is in addition to, and not a limitation of, any other rights or remedies that the Company may have
against Pescio. 
 6. Prohibition Against Assignment. This Agreement is personal in nature and may not be assigned by Pescio and any such purported
assignment by Pescio will be void and of no effect as regards the Company. 
 7. Entire Agreement. With the exception of the Arrangement Agreement and
the Professional Service Agreement, this Agreement contains the entire agreement among the parties relating to the subject matter hereof, and it supersedes, terminates and cancels any and all prior expectations, understandings, communications,
representations and agreements, whether written or oral, among the parties relating to the subject matter of this Agreement. 
 8. Amendments. This
Agreement may not be altered or modified except by agreement in writing signed by the parties. 
 9. Further Assurances. Each of the parties will,
from time to time, execute and deliver all such other documents and instruments and do all acts and things as the other parties may reasonably require to effectively carry out, perfect, or better evidence the full intent of this Agreement.

 10. Non Waiver. No waiver by either party of any breach of a provision of this Agreement will be deemed to be a waiver of any other breach of this
Agreement. 
 11. Severability. Pescio acknowledges that each provision of this Agreement is a separate and distinct covenant and if any covenant or
provision herein is determined to be unreasonable, void, voidable or unenforceable, in whole or in part, by a court of competent jurisdiction, such determination will not affect or impair, and will not be deemed to affect or impair, the validity of
any other covenant or provision of this Agreement, and each covenant and provision of this Agreement is hereby declared to be separate, severable and distinct. Pescio hereby also recognizes and agrees that if any of the capabilities, activities,
periods of time or geographic areas set forth in this Agreement are considered by a court of competent jurisdiction to be unreasonable, void, voidable or unenforceable, the parties agree that such court will have the parties’ full authority to
limit such capabilities, activities, periods of time or geographic areas to such capabilities, activities, periods of time or geographic areas that the court determines to be reasonable, valid and enforceable in the circumstances. 
  

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 12. Governing Law. This Agreement will, in all respects, be subject to and be interpreted, construed and enforced
in accordance with the laws in effect in the State of Nevada. 
 13. Succession. This Agreement will ensure to the benefit of and be binding upon the
parties, and their respective heirs, executors, administrators, personal representatives, successors and permitted assigns. 
 14. Counterparts. This
Agreement may be executed in counterparts, each of which shall constitute an original and all of which taken together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF the Parties have duly executed and delivered this Agreement as of the date first set out above. 
  

			
	ALLIED NEVADA GOLD CORP.
		
	By:	 	/s/ Scott A. Caldwell, President
		 	Authorized Signatory

  

					
	SIGNED, SEALED AND DELIVERED	 	)	 	
	by CARL PESCIO in the presence of:	 	 )
 )
 )
	 	
	 /s/ Annette E.F. Dueck
	 	)	 	 /s/ Carl Pescio

	Signature of Witness	 	 )
 )
	 	CARL PESCIO
	 Annette E.F. Dueck
	 	)	 	
	Name of Witness (please print)	 	)	 	

  

 - 4 -Professional Service Agreement

 Exhibit 10.5 
 Contract No.     
 PROFESSIONAL SERVICE AGREEMENT 
 This Professional Service Agreement dated the 15th day of February 2007, by and between Allied Nevada Gold Corp a Delaware corporation
(“Allied”), and Carl Pescio, (“Consultant”). 
 WITNESSETH: 
 A. Allied, Consultant and others are parties to an arrangement and merger agreement (the “Arrangement Agreement”) dated as of September 22, 2006.

 B. As contemplated by the Arrangement Agreement, Allied and Consultant are parties to a non-competition agreement dated March 15, 2007 (the
“Non-Competition Agreement”). 
 C. Consultant has substantial expertise in gold exploration, gold property acquisition, and business
development activities. 
 D. Allied wishes to receive the benefit of such expertise through consulting services to be
provided by Consultant. 
 NOW, THEREFORE, in consideration of mutual promises herein contained and other good and valuable consideration,
the parties hereto agree as follows: 
 1. Services to be performed. Consultant shall provide the services described in Exhibit A attached
hereto and incorporated herein by this reference and shall furnish all labor, equipment and materials required therefor (the “Services”). Consultant shall make himself available at all reasonable times to consult with Allied as part
of the Services. Subject to Section 3 below, Allied agrees to use the Consultant’s Services during each month of this Agreement. 
 2. Location
of Services. Consultant shall perform the Services at such locations as may be specified or directed by Allied. Consultant shall adequately familiarize itself with the conditions of the area where Services will be performed, including the
terrain, weather and working conditions, the type of equipment and facilities necessary to complete the Services, and all other matters that might in any way affect the Services or the cost or difficulty of performing the Services. Any failure by
Consultant to properly comprehend such matters shall not relieve Consultant from proper performance of the Services nor entitle Consultant to additional compensation. 
 3. Term. This Agreement shall remain in effect for a period of two years commencing on the completion of the transactions contemplated in the Arrangement Agreement. Notwithstanding the foregoing, this Agreement
may be terminated prior to the expiry of the foregoing term either: 

	 	(a)	with the written consent of the parties hereto; or 

  

	 	(b)	by Allied, at any time for cause. For purposes of this Agreement, the term “cause” will include but not be limited to: 

  

	 	(i)	any act of wilful misconduct by the Consultant which is or may be materially injurious to Allied or any of its affiliates; or 

  

	 	(ii)	any material breach by the Consultant of any of the terms of this Agreement. 

 In the event that Allied terminates this Agreement pursuant to this Section 3(b), all obligations of Allied hereunder shall be immediately terminated. 
 If the transactions contemplated by the Arrangement Agreement have not been completed by June 1, 2007, this Agreement shall be deemed to be null and void and of no
further force or effect (unless otherwise agreed to in writing by the parties). 
 4. Performance of Services. Before commencing the Services and
before entering onto any of Allied’s property, Consultant shall notify Allied’s designated representative. Consultant shall perform the Services to the satisfaction of Allied and in a professional and workmanlike manner in accordance with
practices generally acceptable for the nature of the Services to be performed. All of Consultant’s operations shall be conducted in a careful and safe manner, in accordance with customary engineering and mining standards and procedures.
Consultant shall initiate and follow appropriate safety precautions in performing the Services and shall comply with any safety rules or instructions issued by Allied. 
 5. Equipment and Personnel. Consultant shall, at its own expense, furnish all equipment, tools, utilities, facilities, material, supplies, supervision, and experienced personnel necessary to perform the
Services, and shall pay any and all federal, local and state taxes assessed or levied on account thereof. Consultant shall not allow any unfit, unqualified or unskilled person to perform any part of the Services. Allied shall not be responsible for
loss of Consultant’s tools or equipment or the personal effects or tools of Consultant’s employees, if any. 
 6. Payment to Consultant.
Allied shall pay Consultant for satisfactory performance of the Services in accordance with the terms stated in Exhibit B attached hereto and incorporated herein by this reference. Statements of Services performed by Consultant and amounts owed for
such Services shall be presented to Allied on or before the 10th day of the month following such Services, and payment shall be made by Allied by the 10th day of the month following the month in which the statement is presented. Upon Allied’s
request, Consultant shall, concurrent with final payment by Allied, execute and deliver to Allied a release and complete discharge of and from any and all claims and demands by Consultant and any permitted subcontractors arising out of or in any
manner connected with this Agreement or the Services performed in connection herewith. 
  

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 7. Independent Contractor. In performing the Services Consultant shall act as an independent contractor with full
rights to direct the details of the Services, Allied being interested only in the results obtained. Consultant shall periodically inform Allied as to the progress of the Services, and of the results currently obtained during the course of performing
the Services. Any and all persons employed by Consultant shall be employees of Consultant and not employees of Allied in any respect. Consultant shall not be Allied’s agent and shall not have authority to bind Allied, and Consultant shall not
represent to any third party that it is Allied’s agent or that it has such authority. All of Consultant’s activities shall be undertaken and performed at Consultant’s own risk and expense. 
 8. No Benefits. Consultant shall not be entitled to health insurance, workmen’s compensation insurance, disability insurance or any other insurance
protection provided by or through Allied, nor shall Consultant be entitled to participate in any benefit programs or plans applicable to Allied employees. 
 9. Assignment. Consultant may not assign this Agreement or any rights hereunder in whole or in part without Allied’s prior written consent, which consent may be withheld by Allied for any reason whatsoever. Any assignment
without Allied’s prior written consent shall be void. 
 10. Notices. All notices and other required or authorized communications
(“Notices”) shall be in writing, and shall be addressed respectively as follows: 
  

					
	To Allied:	 	 Attn: Scott A. Caldwell
 1360 Greg Street

Sparks, NV 89431
 775-313-8509
	  	
			
	To Consultant:	 	 Carl Pescio
 Elko Nevada
 775-777-6801
	  	

 11. Authorized Representatives. For purposes of questions, and other permitted or required communications
regarding ongoing performance of the Services, the names and addresses of the parties’ designated representatives are: 
  

					
	For Allied:	 	 Scott A. Caldwell
 1360 Greg Street
 Reno, Nevada 8431
 775-313-8509
	  	
			
	For Consultant:	 	 Carl Pescio
 Elko Nevada
 775-777-6801
	  	

  

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 12. Miscellaneous 
 12.1 Applicable Law. This Agreement shall be construed in accordance with and governed by the laws of the State of Nevada, except for its rules pertaining to conflicts of laws. 
 12.2 Severability. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision hereof and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 
 12.3 Successors and Assigns. Subject to the terms hereof, this Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, personal representatives,
beneficiaries, successors and assigns. 
 12.4 Waiver. Failure by Allied at any time, or from time to time, to enforce or to require strict observance of any
of the terms of this Agreement shall not constitute a waiver thereof, nor limit or impair such terms in any respect. In addition, any such failure shall not affect Allied’s right to avail itself at any time of such remedies as it may have for
any default hereunder by Consultant. 
 12.5 Complete Agreement. This Agreement (including its Exhibits) constitutes the entire agreement between the parties
with respect to the subject matter hereof and shall be construed without reference to any prior or other agreement between the parties, written or oral. Other than implied obligations of good faith and fair dealing, there are no terms or conditions,
express or implied, other than herein stated. Notwithstanding the foregoing, the parties agree that they have entered into the Non-Competition Agreement and nothing in this agreement is, in any way, intended to supercede or replace any provision of
the Non-Competition Agreement. 
 12.6 Amendments. Any amendment or modification of this Agreement will be valid only if contained in a written instrument
executed by both parties that specifically and expressly modifies the terms of this Agreement. 
 12.7 Construction and Enforcement. This Agreement shall be
construed as though both parties drafted it. All Section headings used herein are for convenience only and shall be disregarded in construing and enforcing this Agreement. In the event of any conflict between the terms contained within the numbered
Sections of this Agreement and the terms contained within the Exhibits to this Agreement, the terms of the numbered Sections shall control. The parties agree that this Agreement may be specifically enforced. 
  

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 12.8 Attorney Fees. If litigation or other legal proceedings are brought for enforcement or interpretation of this
Agreement, the prevailing party shall be entitled to recover its attorney fees and costs incurred both before and after judgment, in addition to any other relief to which it may be entitled. 
 13. Authorization. Each individual executing this Agreement does thereby represent and warrant that he or she (a) has the authority to do so, (b) has the
authority to bind the party on whose behalf he or she has signed to this Agreement, and (c) has read and fully understands all provisions of this Agreement, including the Exhibits hereto. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed on the day and year first above written. 
  

					
	Allied:
	
	ALLIED NEVADA GOLD CORP
	A Delaware Corporation
		
	By:	 	 /s/ Scott A. Caldwell

		 	Scott A. Caldwell
		 	President and CEO
	
	Consultant:
	
	A Nevada Resident
		
	By:	 	 /s/ Carl Pescio

		 	Carl Pescio
		 	Consultant

  

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 Exhibit A 
 Services to Be Performed by Consultant 
 The Services to be performed by Consultant are as follows: 
  

	•	 	 Assist in the technical review of Allied exploration programs and activities as requested by Allied Nevada. This would include the review of proposed exploration
“models”, drilling programs, geophysical studies and surveys, and other exploration related programs. 

  

	•	 	 Assist Allied Nevada in expanding and or rationalizing Allied Nevada’s current Nevada land holdings. The activity would include new land packages as well as
claims that are near or adjacent to existing Allied Nevada exploration properties. In addition if an opportunity is identified to rationalize (sell or joint venture) non-core exploration properties, this opportunity will be presented to Allied.

  

	•	 	 Identify potential exploration joint venture opportunities. The consultant will present to Allied potential joint venture partners / companies that would be capable
on a financial and technical basis to conduct exploration activities on Allied controlled properties. 

  

	•	 	 Identify those properties controlled by other companies that may offer joint venture opportunities where Allied would conduct appropriate exploration activities.

  

	•	 	 Assist in the Allied Nevada Investor Relations Program. This would include participating in various conferences and “shows” that will be determined over
the course of the year, and assisting in other marketing activities as required. 

  

	•	 	 Assist Allied Nevada joint venture partners in appropriate investor relations activities. Provide technical review and over site of the joint venture partners
“exploration model” on behalf of Allied. If deemed appropriate by Allied, assist the joint venture partners in obtaining adequate financing. 

 All work to be approved/directed by Allied Representative (Scott Caldwell). Scope of work may change depending upon the requirements of Allied. 

 Exhibit B 
 Payment to Consultant 
 1. Allied agrees to pay Consultant as follows for the Services to be performed by Consultant:

 Compensation shall be on a daily basis. The daily rate shall be $1,000.00 for each day worked by the Consultant. All reasonable expenses related to Allied
activities to be reimbursed at cost. Use of personnel vehicle for Allied work will be reimbursed at a rate of $0.55 per mile. 
 2. In the event this
Agreement is terminated pursuant to Section 3(a), the payment rate for partial performance of Services shall be: 
 Payment for not less than the number
of business days remaining in the term of the Agreement, or such other amount agreed by the Parties, in addition to payment for all days worked prior to termination including final day worked plus reasonable expenses. For greater certainty,
“business day” for this purpose means any day other than a Saturday, Sunday or statutory holiday in the State of Nevada. 
 3. In the event this
Agreement is terminated pursuant to Section 3(b), no further payments will be made by Allied to the Consultant hereunder.

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