Document:

Exhibit 10.2

    Raven
      Gold Corp.

    

    

    June
      1,
      2006

    

    Mr.
      Francis R. Biscan Jr.

    President
      & Chief Executive Officer

    Tara
      Gold
      Resources Corp.

    Corporación
      Amermin, S.A. de C.V.

    

    Re: When
      countersigned by each of the parties, the following will constitute our Letter
      of Intent, outlining the general terms with respect to our acquiring an interest
      in the Las Minitas group of properties, as outlined and defined in Exhibit
      A,
      (herein after called “Las Minitas Groupings”) near Navojoa, Sonora, Mexico,
      between Tara Gold Resources Corporation and Corporación Amermin S.A. de C.V., a
      subsidiary of Tara Gold Resources Corp. (hereinafter referred to as “Tara”), and
      Raven Gold Corp (hereinafter referred to as “Raven”). The Las Minitas Groupings
      are approximately 800 Hectares in size and are identified those properties
      set
      forth on that certain Declaration (the “Declaration”) dated as of March 27, 2006
      between Corporación Amermin S.A. de C.V. as “Prospector” and Ing. Isidro
      Hernández Pompa as “Concessionaire” and further detailed in Schedule
      B.

    

    Dear
      Mr.
      Biscan;

    

    It
      is
      intended that Raven shall, subject to the terms and conditions set forth herein
      and in the Definitive Joint Venture Agreement (as hereinafter defined) enter
      into the following terms regarding the Las Minitas Groupings.

    

    Terms:

    

    
      	 	
              1.

            	
              Upon
                execution of this Agreement, Raven agrees to purchase a 20% interest
                in
                Tara’s rights, privileges and interests in the Las Minitas Groupings as
                fully set forth in accordance with the Declaration, as
                follows;

            

    

    

    a) Raven
      shall make a non-refundable payment of US$75,000.00 to Tara, coinciding with
      the
      signing of this Agreement (the payment will be refundable by Tara Gold if the
      conditions set forth in this Section are not satisfied by Tara by August 1,
      2006);

    

    b) Raven
      shall make a payment of US$225,000.00 to Tara by August 1, 2006;

    

    c) Raven
      shall make a payment of $300,000 to Tara by November 1, 2006

    

    d) Raven
      shall issue and deliver to Tara 250,000 shares of restricted common stock of
      Raven.

    

    Upon
      execution of this Agreement and as a condition to the funding set forth above,
      Tara agrees to:

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    a) Make
      available to Raven a certified copy of title or other appropriate evidence
      under
      Mexican Law of an exclusive, perpetual exploration, exploitation, development,
      mineral, mining and excavation rights for the Las Minitas Groupings as soon
      as
      one is received but in any case not later then August 1, 2006.

    

    b) Provide
      a
      legal opinion of Mexican counsel as to the title, rights and privileges assigned
      to Raven in accordance with this Agreement and under the Declaration in form
      and
      substance satisfactory to Raven and its counsel.

    

    
      	 	
              2.

            	
              Raven
                agrees to make all property payments outlined in “Schedule A” and any
                other payments or taxes mutually deemed necessary to maintain the
                properties and to keep in good standing the Declaration with respect
                to
                the Las Minitas Groupings and continue to make these payments as
                long as
                the Joint Venture outlined in this agreement is in effect. Payments
                will
                be escrowed for payment at least 14 days before payment is
                due.

            

    

    

    
      	 	
              3.

            	
              Raven
                will make an additional payment of US $100,000.00 on every anniversary
                date of this Agreement to maintain its interests in the Declaration,
                and
                to keep the Joint Venture in good standing in accordance with the
                terms of
                the Declaration.

            

    

    

    
      	 	
              4.

            	
              Raven
                may increase its interest in rights, privileges and licenses set
                forth in
                the Declaration with respect to the Las Minitas Groupings to 35%
                thereby
                reducing Tara’s interest in the Las Minitas Groupings to 65%, after the
                following conditions have been met:

            

    

    

    
      	 	
              a.

            	
              Raven
                spends an additional US$2 million on exploration and development
                of the
                Las Minitas Groupings within 18 months of the date of execution of
                this
                agreement. Tara Gold agrees that Raven will be the operator overseeing
                the
                additional US$2 million expenditure; however, Tara may have it
                representatives on location at any and all times to observe all
                operations, and may audit expenditures as
                necessary.

            

    

    

    
      	 	
              b.

            	
              Once
                Raven has notified Tara in writing, along with supporting documents,
                that
                it has spent US$2 million in exploration and development of the Las
                Minitas Groupings, Tara and Raven agree to enter into a standard
                joint
                venture agreement by which it will have a 35% working interest in
                the Las
                Minitas Groupings and American Tara Gold will own a 65% interest.
                At this
                point, Raven is to be appointed operator of the joint venture and
                will
                remain the operator as long as it maintains its 40% participation
                in the
                joint venture by paying its proportionate share of expenses and property
                payments or decides to withdraw from such responsibility;
                and

            

    

    

    
      	 	
              c.

            	
              Raven
                will issue and deliver to Tara an additional 250,000 Rule 144 shares
                of
                restricted common stock.

            

    

    

    
      	 	
              5.

            	
              A
                standard dilution clause will apply in case one of the partners decides
                not to participate financially for its proportionate share in any
                exploration or development program submitted by the operator. Should
                the
                operator decide not to present any exploration or development programs,
                the other party can present one and become the
                operator.

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    
      	 	 	
              As
                a basis for the dilution clause, each party will be deemed to have
                invested the following amount of money in the Las Minitas
                Groupings:

            

    

    

    
      	 	
              1.

            	
              Raven:
                US$2,600,000 (representing its 35% interest);
                and

            

    

    
      	 	
              2.

            	
              Tara
                Gold US$4,828,571 (representing its 65%
                interest).

            

    

    

    Once
      a
      participant has been diluted to a 10% interest, this interest will automatically
      convert into a 3% N.S.R. and the joint venture agreement will become null and
      void. At any time, the 3% NSR can be reduced to 1% by any partner in exchange
      for a US$5,000,000 payment;

    

    
      	 	
              6.

            	
              Each
                Raven and Tara, as long as their original participation is maintained,
                will have one vote each in the decisions of the joint venture management
                committee. An arbitration clause will be included in case of
                disagreement;

            

    

    

    
      	 	
              7.

            	
              It
                is also agreed that Raven has an option to increase its rights, title,
                privileges and interest in the Las Minitas Groupings to 55% thereby
                reducing Tara’s interest in the Las Minitas Groupings to 45%, on the
                following conditions:

            

    

    

    
      	 	
              a.

            	
              Raven
                spends an additional US$2 million over and above the US$2.0 million
                expenditures outlined in 4(a) above on exploration and development
                of the
                Las Minitas Groupings within 30 months of the execution date this
                agreement. Tara agrees that Raven will remain as operator overseeing
                the
                US$2 million expenditure; however, Tara may have it representatives
                on
                location at any and all times to observe all operations, and may
                audit
                expenditures by Raven as necessary;

            

    

    

    
      	 	
              b.

            	
              Raven
                issues to Tara an additional 250,000 Rule 144 shares of restricted
                common
                stock; and

            

    

    

    
      	 	
              c.

            	
              Raven
                agrees that after it has earned its 55%, Tara will receive 90 days,
                from
                the date of approval of any exploration budget, to pay its proportionate
                share of actual expenditures.

            

    

    

    The
      dilution clause in term paragraph 5 hereto will be revised upon Raven increasing
      its interests to 55%, and as a basis for the dilution clause, each party will
      be
      deemed to have invested the following amount of money in the Las Minitas
      Groupings:

    

    
      	
            	1	
              Raven:
                US$4,600,000 (representing its 55% interest);
                and

            

      	 	2 	Tara
              Gold US$3,763,636 (representing its 45%
              interest).

    

    

    
      	 	
              8.

            	
              Subject
                to any disclosure requirements as promulgated by the Securities and
                Exchange Commission, the parties agree to consult each other and
                agree on
                joint news releases in the event of any public disclosure. Furthermore,
                all news releases shall be jointly reviewed and released with the
                following format included at the beginning of each news release:
“CHICAGO,
                “Appropriate Date” (MARKETWIRE) - (Other OTC: TRGD.PK) Tara Gold Resources
                Corp. and Raven Gold Corp (“ABCI.PK”) Raven Resources is pleased to
                announce... This text may be revised by Tara at any
                time.

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              9.

            	
              Should
                Raven decide not to pursue exploration efforts, then Raven will cease
                to
                be the operator. In such a case, Raven will continue to hold its
                earned
                interests only as long as it completes all property payments and
                maintains
                the Las Minitas Groupings in good standing, as outlined in paragraph
                2
                above. In such case, all portions of this agreement shall remain
                in effect
                and binding on each party;

            

    

    

    
      	 	
              10.

            	
              Either
                party in the joint venture shall have first right of refusal on the
                sale
                of any portion of the other’s interest in the Las Minitas Groupings to a
                third party for 30 days from the date of
                notification.

            

    

    

    
      	 	
              11.

            	
              All
                commodity sales, derived from this property, will be done at broader
                market values, the spot price, at the time of the sale of any such
                commodity. The property, or the underlying commodities, cannot be
                used as
                collateral, liens or in any transaction without prior approval of
                both
                parties.

            

    

    

    The
      parties will diligently and in good faith negotiate a definitive joint venture
      agreement (the “Definitive Joint Venture Agreement”) incorporating the principal
      terms of the contemplated transaction as set forth herein and, in addition,
      such
      other terms and provisions of a more detailed nature as the parties may agree
      upon.

    

    In
      the
      Definitive Joint Venture Agreement, each of Tara and Raven will make such
      representations and warranties are customary in transactions of this nature.
      All
      representations and warranties will survive the closing of the transactions
      contemplated herein and any and all investigations at any time made by or on
      behalf of the parties.

    

    This
      letter of intent is intended to be non-binding letter of intent regarding the
      contemplated transactions. The parties agree to negotiate the Definitive Joint
      Venture Agreement generally consistent with the terms of this Letter of Intent
      on or before the day which is fourteen days from the date set forth in page
      1 of
      this Letter of Intent, but intend that the rights and obligations between them
      shall be as set forth herein until such time as the Definitive Joint Venture
      Agreement is signed and delivered by all of the parties. Upon such event, the
      parties respective legal rights and obligations will then be only those set
      forth in the Definitive Joint Venture Agreement.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Please
      indicate your concurrence with the foregoing by affixing your signature below,
      and thereafter transmitting such executed copy in the manner heretofore
      described.

    

    

    DATED
      this June 1, 2005

    

    
      Per:  /s/
        Gary Haukeland 

      
        
          

        

      

      President

      Raven
        Gold Corp.

      16403-87th
        Street

      Osoyoos,
        B.C. Canada

      V0H
        1V2

       

      
        	
                DATED
                  this June 1, 2005

              	
                DATED
                  this June 1, 2005

              
	
                Per: /s/ Francis R. Biscan Jr. 

                
                  

                
Francis R. Biscan Jr.	
                Per: /s/ 

                
                  

                
Ramiro Trevizo Ledesma
	
                President & CEO

                Tara Gold Resources Corp.     

              	
                President

                Amermin S.A. De
                  C.V

              

      

      
 

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Schedule
      A

     

     

     

    

      
        	
                Date
                  of Payment

              	 	 	
                Payment
                  Amount (U.S.$

              	
                )

              
	
                June
                  27, 2006

              	 	
                $

              	
                175,000.00

              	 
	
                December
                  27, 2006

              	 	
                $

              	
                300,000.00

              	 
	
                June
                  27, 2007

              	 	
                $

              	
                300,000.00

              	 
	
                October
                  27, 2007

              	 	
                $

              	
                300,000.00

              	 
	
                February
                  27, 2008

              	 	
                $

              	
                300,000.00

              	 
	
                June
                  27, 2008

              	 	
                $

              	
                300,000.00

              	 
	
                October
                  27, 2008

              	 	
                $

              	
                300,000.00

              	 
	
                February
                  27, 2009

              	 	
                $

              	
                300,000.00

              	 
	
                June
                  27, 2009

              	 	
                $

              	
                300,000.00

              	 
	
                November
                  27, 2009

              	 	
                $

              	
                600,000.00

              	 
	
                April
                  27, 2010

              	 	
                $

              	
                600,000.00

              	 
	
                September
                  27, 2010

              	 	
                $

              	
                700,000.00

              	 
	
                February,
                  27, 2011

              	 	
                $

              	
                700,000.00

              	 
	
                June
                  27, 2011

              	 	
                $

              	
                800,000.00

              	 
	 	 	 	 	 
	 	 	 	 	 
	
                Total
                  Property Payments

              	 	
                $

              	
                5,975,000.00

              	 

      

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    Schedule
      B

    

    List
      of Las Minitas Grouping Concessions

    

    

      
        	
                a)

              	
                Name
                  of Concession:

              	
                Aurifero
                  Fraction I

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    220198

              
	 	
                    Area:

              	
                    30.6687
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    24th
                  June 2003.

              
	 	 	 
	
                b)

              	
                Name
                  of Concession

              	
                Aurifero
                  Fraction II

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    220199

              
	 	
                    Area:

              	
                    13.5433
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    24th
                  June 2003.

              
	 	 	 
	
                c)

              	
                Name
                  of Concession

              	
                Aurifero
                  II Fract. 1.

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    220431

              
	 	
                    Area:

              	
                    23.0185
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    25th
                  July 2003.

              
	 	 	 
	
                d)

              	
                Name
                  of Concession

              	
                Aurifero
                  II Fract. 2.

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    220432

              
	 	
                    Area:

              	
                    15.3676
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    25th
                  July 2003.

              
	 	 	 
	
                e)

              	
                Name
                  of Concession:

              	
                Aurifero
                  II Fract. 3.

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    220433

              
	 	
                    Area:

              	
                    6.7019
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    25th
                  July 2003.

              
	 	 	 
	
                f)

              	
                Name
                  of Concession:

              	
                Aurifero
                  III

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    221798

              
	 	
                    Area:

              	
                    8.8985
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    26th
                  March 2004.

              

      

       

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

       

      
        	 	 	 
	
                g)

              	
                Name
                  of Concession:

              	
                Aurifero
                  IV Fraction I

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222440

              
	 	
                    Area:

              	
                    188.7461
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego
&
                  Alamos, Sonora.

              
	 	
                    In
                  effect as of:

              	
                    9th
                  July 2004.

              
	 	 	 
	
                h)

              	
                Name
                  of Concession:

              	
                Aurifero
                  IV Fraction II

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222441

              
	 	
                    Area:

              	
                    10.4440
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego
&
                  Alamos, Sonora.

              
	 	
                    In
                  effect as of:

              	
                    9th
                  July 2004.

              
	 	 	 
	
                i)

              	
                Name
                  of Concession:

              	
                Aurifero
                  IV Fraction III

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222442

              
	 	
                    Area:

              	
                    5.1449
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego
&
                  Alamos, Sonora.

              
	 	
                    In
                  effect as of:

              	
                    9th
                  July 2004.

              
	 	 	 
	
                j)

              	
                Name
                  of Concession:

              	
                Minitas
                  Sur Fraction I

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222368

              
	 	
                    Area:

              	
                    177.0547
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    30th
                  June 2004.

              

      

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        	 	 	 
	
                k)

              	
                Name
                  of Concession:

              	
                Minitas
                  Sur Fraction II

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222369

              
	 	
                    Area:

              	
                    10.0203
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    30th
                  June 2004.

              
	 	 	 
	
                l)

              	
                Name
                  of Concession:

              	
                Minitas
                  Sur Fraction III

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222370

              
	 	
                    Area:

              	
                    0.1309
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    30th
                  June 2004.

              
	 	 	 
	
                m)

              	
                Name
                  of Concession:

              	
                Minitas
                  Norte

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    222371

              
	 	
                    Area:

              	
                    103.7324
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    30th
                  June 2004.

              
	 	 	 
	
                n)

              	
                Name
                  of Concession:

              	
                El
                  Triunfo

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    224067

              
	 	
                    Area:

              	
                    4.9578
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    29th
                  March 2005.

              
	 	 	 
	
                o)

              	
                Name
                  of Concession:

              	
                El
                  Triunfo II

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    224066

              
	 	
                    Area:

              	
                    14.0949
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    29th
                  March 2005.

              
	 	 	 
	
                p)

              	
                Name
                  of Concession

              	
                Socorro

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    213319

              
	 	
                    Area:

              	
                    76.0000
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    20th
                  April 2001.

              
	 	 	 
	
                q)

              	
                Name
                  of Concession:

              	
                Socorro
                  Dos

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    223356

              
	 	
                    Area:

              	
                    45.3485
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    3rd
                  December 2004.

              
	 	 	 
	
                r)

              	
                Name
                  of Concession:

              	
                Zorra
                  Negra

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    217897

              
	 	
                    Area:

              	
                    0.2057
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    18th
                  September 2002.

              

      

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

       

      
        	 	 	 
	
                s)

              	
                Name
                  of Concession:

              	
                Lorito

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    189677

              
	 	
                    Area:

              	
                    6.0000
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    6th
                  December 1990.

              
	 	 	 
	
                t)

              	
                Name
                  of Concession:

              	
                Dios
                  Mediante

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    164014

              
	 	
                    Area:

              	
                    15.8617
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    19th
                  April 1977.

              
	 	 	 
	
                u)

              	
                Name
                  of Concession:

              	
                Josefa

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    201032

              
	 	
                    Area:

              	
                    60.7966
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    31th
                  October 1994.

              
	 	
                 

              	 
	
                v)

              	
                Name
                  of Concession:

              	
                El
                  Negro

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    152864

              
	 	
                    Area:

              	
                    9.0000
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Quiriego,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    29th
                  April 1970.

              
	 	 	 
	
                w)

              	
                Name
                  of Concession:

              	
                San
                  Joaquin

              
	 	
                    Type:

              	
                    Exploration

              
	 	
                    Title:

              	
                    210155

              
	 	
                    Area:

              	
                    0.8579
                  Hectares

              
	 	
                    Municipality
                  & State:

              	
                    Alamos,
                  Sonora.

              
	 	
                    In
                  effect as of:

              	
                    10th
                  September 1999.

              
	 	 	 
	 	 	 

      

    

     

     

     

    102006 Employee and Consultant's Compensation Fund and Plan

    Exhibit
      4.4

    VIPER
      NETWORKS, INC.

     

    2006
      EMPLOYEE AND CONSULTANT’S COMPENSATION FUND AND PLAN

     

    September
      14, 2006

     

    This
      2006
      Employee and Consultant’s Compensation Fund and Plan (the “Plan”) is hereby
      adopted by Viper Networks, Inc., a Nevada corporation (the “Corporation”)
      pursuant to a resolution adopted by the Corporation’s Board of Directors of
      September 14, 2006.

     

    WHEREAS:

     

    
      	
              A.

            	
              The
                Board of Directors of Viper Networks, Inc., a Nevada corporation,
                seeks to
                adopt and provide for increased incentives for key employees and
                consultants of the Corporation.

            

    

     

    
      	
              B.

            	
              The
                Board of Directors of Viper Networks, Inc., a Nevada corporation,
                intends
                to submit this Plan to the Corporation’s Stockholders for their
                approval.

            

    

     

    NOW
      THEREFORE, THE CORPORATION ADOPTS THE PLAN AS FOLLOWS:

     

    1. Purpose
      of Plan.
      The purpose
      of the Plan is to provide key employees and consultants of the Corporation
      and
      its Subsidiaries with an increased incentive to make significant and
      extraordinary contributions to the long-term performance and growth of the
      Corporation and its Subsidiaries, to join the interests of key employees and
      consultants with the interests of the shareholders of the Corporation and to
      facilitate attracting and retaining key individuals of exceptional
      ability.

     

    2. Control
      of the Plan.
      The Plan
      shall be controlled and subject to the supervision of the Corporation’s Board of
      Directors (the “Committee”).

     

    3. Participation.
      The
      Committee shall determine and designate from time to time, in its Discretion,
      those key employees and consultants of the Corporation or any Subsidiary who
      shall become Participants in the Plan.

     

    4. Written
      Agreement. Each
      Participant may be required to execute one or more written agreements
("Corporation-Participant
      Agreement") containing
      such provisions as may be approved by the Committee. Each such
      Corporation-Participant Agreement shall constitute a binding contract between
      the Corporation and the Participant and every Participant, upon acceptance
      of
      such Agreement, shall be bound by the terms of the Plan and such Agreement.
      The
      terms of such Corporation-Participant Agreement shall be in accordance with
      the
      Plan, but each Agreement may include such additional provisions and restrictions
      determined by the Committee, in its Discretion, provided that such additional
      provisions and restrictions are not inconsistent with the terms of the
      Plan.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5.
      Initial and Subsequent Stock to Plan. The
      initial
      allocation to the Plan shall be fifty million (50,000,000) shares of the
      Corporation’s Common Stock with such allocation to be subject to any later
      resolutions as duly adopted and approved by the Corporation’s Board of Directors
      and the Corporation’s Common Stockholders. In the event that the number of
      authorized and unissued shares of the Corporation’s Common Stock is, at any
      time, insufficient for the number of shares to be issued or awarded under this
      Plan to any one or more Participants, such issuance or award shall be deferred
      or delayed until such time as the amount of authorized and unissued shares
      shall
      be sufficient to allow said shares to be issued or awarded. The Committee shall
      have the right to use its sole Discretion in making all determinations under
      this Section 5 of this Plan.

     

    6. Compensation
      Formula and Limitations.

     

    (a) Subject
      to
      the terms of the Plan, Compensation shall be awarded to each Participant
("Compensation
      Award") at
      such
      times and in such amounts as the Committee shall determine. In general, and
      subject to approval of the Committee, the amount of the Compensation Award
      shall
      be awarded for services rendered to the Corporation or achievement of objective
      performance goals using such business criteria as the Committee establishes
      in
      connection with the goals and objectives of the Corporation and the performance
      and services rendered by the recipient of any Compensation Award (these may
      include, but are not limited to, average return on equity, average return on
      invested capital, pre-tax income and target business mix, all as may be defined
      in the Plan and/or Corporation-Participant Agreements). Payments of the
      Compensation Award for each Participant will be computed based upon the
      completion of the service or upon achievement of one or more of these
      pre-established objective performance goals.

     

    (b) Subject
      to
      the terms of the Plan, the Corporation shall pay to a Participant the
      Participant's Compensation Award as soon as reasonably practicable after
      appropriate determinations have been made. 

     

    (c) As
      a
      condition to participation in the Plan, each Participant shall remain in the
      continuous employ of the Corporation or a Subsidiary or provide consulting
      services to the Corporation or a Subsidiary for the Measurement
      Period.

     

    (d) Notwithstanding
      Section 6(c) above, if a Participant's employment or consulting services with
      the Corporation or a Subsidiary shall be terminated at any time because of
      the
      Participant's death or Permanent Disability, the Compensation Award allocable
      to
      the Participant shall be payable to the Participant or the Participant's legal
      representative or representatives in the case of Permanent Disability, or to
      the
      person or persons entitled to such payment under the Participant's will in
      the
      event of the Participant's death, or if the Participant shall fail to make
      testamentary disposition of such compensation and shall die intestate, to the
      Participant's legal representative or representatives; provided, however, that
      the committee may in its discretion reduce all or a portion of the Compensation
      Award allocable to a Participant whose employment with or consulting services
      to
      the Corporation or a Subsidiary terminates because of the Participant's death
      or
      Permanent Disability during the Measurement Period. Such payment shall be made
      in accordance with Section 6(a) above.

     

    7. Reduction
      in Responsibility.
      In the case
      of an employee, if the Participant takes another position within the Corporation
      or a Subsidiary during the Measurement Period, whether initiated by

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    either
      the
      Participant, the Corporation or a Subsidiary, the Committee shall make, at
      its
      sole discretion, such additional determinations as are necessary in light of
      the
      circumstances. 

     

    8. Administration.
      The Plan
      shall be administered by the Committee. Subject to the terms of the Plan, the
      Committee is authorized to interpret the Plan, to make, amend and rescind rules
      and regulations relating to the Plan and to make all other determinations
      necessary or advisable for the Plan's administration. Interpretation and
      construction of any provision of the Plan by the Committee shall, unless
      otherwise determined by the Board of Directors of the Corporation, be final
      and
      conclusive. A majority of the Committee shall constitute a quorum and the acts
      approved by a majority of the members present at any meeting at which a quorum
      is present, or acts approved in writing by a majority of the Committee, shall
      be
      the acts of the Committee.

     

    9. No
      Rights to Continued Employment.
      Nothing
      contained in the Plan nor any action taken by the Committee hereunder, shall
      confer upon any Participant any right with respect to continuation of employment
      or any consulting arrangement by the Corporation or a Subsidiary nor interfere
      in any way with the right of the Corporation or a Subsidiary to terminate such
      person's employment or consulting arrangement at any time (with or without
      Cause).

     

    10. Termination,
      Duration and Amendments of Plan.
      The Plan
      may be abandoned or terminated at any time by the Board of Directors of the
      Corporation. The termination of the Plan shall not affect the validity of any
      Compensation Award outstanding on the date of termination. For the purpose
      of
      conforming to any changes in applicable law or governmental regulations, or
      for
      any other lawful purpose, the Board of Directors shall have the right to amend
      or revise the terms of the Plan at any time; provided, however, that no such
      amendment or revision shall, without the consent of the holder thereof, alter
      or
      impair any Compensation Award which shall have been previously vested under
      the
      Plan.

     

    11. Effective
      Date.
      The Plan
      shall be effective as of September 14, 2006.

     

    12.
      Definitions.
      The
      following words and phrases, wherever capitalized, shall have the following
      respective meanings, unless the context otherwise requires:

     

    (a) "Board
      of Directors" shall
      mean
      the Board of Directors of the Corporation.

     

    (b) "Cause"
      shall
      mean
      intentional or willful misconduct, gross neglect of duties, or other material
      acts or omissions detrimental to the best interests of the Corporation or a
      Subsidiary.

     

    (c) "Code"
      shall
      mean
      the Internal Revenue Code of 1986, as amended.

     

    (d) "Committee"
      shall
      mean
      the Board of Directors of the Corporation, or such other committee as shall
      be
      specified by the Board of Directors to perform the functions and duties of
      the
      Committee under the Plan; provided, however, the Committee shall comply with
      the
      requirements of (i) Rule 16b-3 of the Rules and Regulations under the Exchange
      Act, and (ii) Section 162(m) of the Code, and the regulations
      thereunder.

     

    (e) “Corporation”
      shall
      mean
      Viper Networks, Inc., a Nevada corporation, or any successor
      thereof.

     

    (f) "Corporation-Participant
      Agreement" shall
      have
      the meaning set forth in above.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (g) “Discretion”
      shall mean
      in the sole discretion of the Committee, with no requirement whatsoever that
      the
      Committee follow past practices, act in a manner consistent with past practices,
      or treat a key employee in a manner consistent with the treatment afforded
      other
      key employees with respect to the Plan.

     

    (h) "Exchange
      Act" shall
      mean
      the Securities Exchange Act of 1934, as amended.

     

    (i) "Measurement
      Period" means
      the
      period established by the Committee, in its sole discretion, from time to
      time.

     

    (j) "Participant"
      shall
      mean
      any key employee based at the Corporation's office and any consultant to the
      Corporation’s officers and directors.

     

    (k)  "Plan"
      shall
      mean
      this Viper Networks, Inc. 2006 Employee and Consultant Compensation
      Plan.

     

    (l)  “Stockholders”
      shall mean
      all holders of the Corporation’s voting equity securities.

     

    13.Operation
      and Management of the Plan.
      The Plan
      shall operate in accordance with the requirements of the law of the
      Corporation’s domicile and all applicable state and federal securities laws as
      determined by the Committee in the exercise of its sole discretion. The
      Committee shall have the right, but not the obligation, to adopt and amend
      this
      Plan as it determines and make and determine the criteria, amount, and basis
      for
      any Compensation Award upon such terms as it deems reasonable in view of the
      plans and objectives of the Corporation, the services rendered by any
      Participant, and any other matters deemed appropriate by the
      Committee.

     

    Adopted:
      As adopted
      by the Board of Directors on September 14, 2006

     

    

    Acknowledgment:  /s/
      Paul E. Atkiss

                                      Paul
      E. Atkiss, Secretary

     

    Attested:
      As attested by the following members of the Corporation’s Board of
      Directors:

     

    Attest: /s/Farid
      Shouekani

    Farid
      Shouekani

     

    Attest: /s/
      Ronald G. Weaver

    Ronald
      G. Weaver

    
4

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