Document:

EXHIBIT 10.1

    
      
        

      

    

    EXHIBIT
      10.1

    TRANSITION
      SERVICES AGREEMENT

    

    THIS
      AGREEMENT
      is made
      and entered into as of this 31st day of January, 2006, among Game Financial
      Corporation, a Minnesota corporation (“Game
      Financial”),
      Chex
      Services, Inc., a Minnesota corporation (“Chex”),
      and
      FastFunds Financial Corporation, a Nevada corporation (“FastFunds”,
      and
      with Chex, sometimes referred to collectively as the “Seller
      Parties”
and
      individually as a “Seller
      Party”;
      Game
      Financial and the Seller Parties each hereinafter sometimes referred to as
      a
“Party”).

    

    BACKGROUND:

    

    Pursuant
      to that certain Asset Purchase Agreement, dated as of December 22, 2005, by
      and
      among the Seller Parties (the “Purchase
      Agreement”),
      Chex
      has agreed to sell to Game Financial, and Game Financial has agreed to purchase
      from Chex, selected assets of Chex used in Chex’s business. In connection with
      the consummation of the transactions contemplated by the Purchase Agreement,
      the
      parties desire to provide for the provision by the Seller Parties of certain
      services to ensure a smooth transition of the Business from the Seller Parties
      to Game Financial.

    

    AGREEMENT:

    

    For
      and
      in consideration of the mutual promises, covenants and agreements contained
      in
      this Agreement, and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties agree as
      follows:

    

    1. Defined
      Terms.
      Unless
      otherwise defined in this Agreement, all capitalized terms used in this
      Agreement shall have the respective meanings assigned to them in the Purchase
      Agreement.

    

    2. Services.
      During
      the term of this Agreement, the Seller Parties shall provide to Game Financial
      the services set forth on Exhibit
      A
      attached
      hereto (collectively with the Seller Facilities and Equipment, the “Seller
      Services”).
      

    

    3. Use
      of Facilities and Equipment.
      During
      the term of this Agreement, the Seller Parties shall provide to Game Financial
      the use of the facilities and equipment set forth on Exhibit
      B
      attached
      hereto (the “Seller
      Facilities and Equipment”).
      

    

    4. Transition
      Service Fees; Payment.
      In
      consideration of the Seller Parties’ performance of the Seller Services, Game
      Financial shall pay to the Seller Parties the fees set forth on Exhibit
      C
      attached
      hereto. All fees to be paid pursuant to this Section 3 shall be collectively
      referred to herein as “Transition
      Service Fees”.
      Game
      Financial shall not have any liability for, nor be obligated to pay, any income
      taxes of the Seller Parties. 

    

    5. Warranties.
      (a)
Each
      party represents and warrants to the other parties hereto that the execution,
      delivery and performance of this Agreement by such party has been duly
      authorized and approved by all requisite corporate action on the part of such
      party and that this Agreement has been duly and validly executed and delivered
      by such party and constitutes the valid and legally binding obligation of such
      party, subject to general equity principles, enforceable in accordance with
      its
      terms, except as the same may be limited by bankruptcy, insolvency or similar
      laws affecting the rights of creditors generally.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (b) The
      Seller Parties represent
      and warrant to Game Financial that the Seller Services will be performed in
      accordance with applicable Law and contracts, in a good and workmanlike manner
      and with at least the same degree of care they would use in performing similar
      services for themselves or Affiliates. EXCEPT
      AS
      EXPRESSLY PROVIDED IN THIS SECTION, NO PARTY MAKES ANY REPRESENTATIONS OR
      WARRANTIES WITH RESPECT TO THE SERVICES TO BE PERFORMED BY IT UNDER THIS
      AGREEMENT OF ANY KIND, NATURE OR DESCRIPTION, EXPRESS OR IMPLIED, INCLUDING,
      WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY
      PARTICULAR PURPOSE, AND EACH PARTY HEREBY DISCLAIMS THE SAME.

    

    6. Confidential
      Information.
      (a) Each
      party agrees that it will not disclose to any Person or use (except to perform
      its obligations under this Agreement) any Confidential Information
      of any
      other party obtained by such party in the course of performing under this
      Agreement.

    

    (b) For
      purposes of this Agreement, the term “Confidential
      Information”
means
      all technical, business and other information that relates to the business
      of a
      party and/or its Affiliates, including, without
      limitation, technical or non-technical data, compilations, price and cost
      information, technical information, financial information, customer lists and
      business plans. “Confidential Information” shall not include information which
      (i) was already known to the party obtaining such information at the time it
      was
      received from another party; (ii) was already available to the general public
      at
      the time of such receipt; (iii) subsequently becomes known to the general public
      through no fault or omission by any party to this Agreement; or (iv) is required
      to be disclosed by law, or by any Authority or for which disclosure to Authority
      is appropriate in the conduct of business. 

    

    (c) The
      parties acknowledge that disclosure of any aspect of the Confidential
      Information of a party hereto shall immediately give rise to continuing
      irreparable injury to such party inadequately compensable in damages at law,
      and, without prejudice to any other remedy available to such party, shall
      entitle such party to injunctive or other equitable relief. Promptly after
      expiration or termination of this Agreement, each Party shall return to the
      other Party all Confidential Information of the other party (including all
      copies thereof) in its possession or control.

    

    7. Term;
      Termination.
      (a) Each
      Seller Service has a separate duration, which is set forth on Exhibits
      A and B
      respectively. The duration of use of any Seller Service may be extended by
      mutual written agreement of the parties providing and receiving such service.
      In
      addition, Game Financial may terminate this Agreement with respect to all or
      a
      portion of the Seller Services in its sole discretion upon 30 days’ notice to
      the Seller Parties.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (b) Notwithstanding
      the foregoing, each Party shall have the right to terminate this Agreement
      immediately upon the occurrence of any one or more of the following events:
      (i)
      breach by the Other Party of any material term or provision of this Agreement
      and failure to cure within 30 days after written notice thereof by the
      non-breaching Party; (ii) the Other Party becomes insolvent or makes an
      assignment for the benefit of its creditors; (iii) any proceeding is instituted
      by or against the other Party under any bankruptcy or similar laws for the
      relief of debtors; or (iv) the appointment of any trustee or receiver for any
      of
      the Other Party’s assets. For purposes of this Section
      9(b),
      the
      term “Other
      Party”
shall
      mean either member of the other Party.

    

    (c) The
      right
      of termination provided in paragraph (b) above is not exclusive and is in
      addition to any other rights and remedies available to the parties in law or
      in
equity
      in the
      event of a breach of this Agreement. Upon termination of this Agreement for
      any
      cause or reason whatsoever, the Seller Parties shall be entitled to receive
      Transition Service Fees for services rendered hereunder through the date of
      termination, to the extent such services conform to the warranty set forth
      in
Section
      5(b).
      No
      party shall have any further rights or obligations under this Agreement, except
      as expressly set forth herein. 
      The
      provisions of Sections
      3, 4, 5, 6 and 8
      of this
      Agreement and this Section
      7(c)
      shall
      survive the expiration or termination of this Agreement for any cause or reason
      whatsoever, and, notwithstanding the expiration or termination of this
      Agreement, the parties shall each remain liable to the other for any
      indebtedness or other liability theretofore arising under this
      Agreement.

    

    8. Limitation
      of Liability.
      NO
      PARTY
      SHALL BE LIABLE FOR ANY PUNITIVE DAMAGES SUFFERED BY ANY OTHER PARTY OR ANY
      OTHER PERSON IN CONNECTION WITH THIS AGREEMENT OR THE PERFORMANCE OR
      NON-PERFORMANCE OF ITS OBLIGATIONS HEREUNDER,
      REGARDLESS OF WHETHER OR NOT SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY
      OF
      SUCH DAMAGES. The limitations of liability set forth in this Section shall
      not
      apply to failure of any Party to make payments due under this Agreement or
      to
      any liability arising on account of a breach of Sections
      5 or 6.

    

    9. Miscellaneous.

    

    (a) Independent
      Contractor.
      The
      parties acknowledge that the relationship of each party to the other under
      this
      Agreement is that of an independent contractor, and that nothing contained
      in
      this Agreement shall be construed to place the Seller Parties and Game Financial
      in the relationship of principal and agent, master and servant, partners or
      joint venturers. Neither the Seller Parties nor Game Financial shall have,
      expressly or by implication, or represent itself as having, any authority to
      make contracts or enter into any agreements in the name of the Other Party,
      or
      to obligate or bind the Other Party in any manner whatsoever.

    

    (b) Governing
      Law.
      The
      validity and effect of this Agreement shall be governed by and construed and
      enforced in accordance with the laws of the State of Florida, without regard
      to
      its conflicts of laws principles.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (c) Headings.
      The
      headings as to contents of particular sections and paragraphs are inserted
      only
      for convenience and are in no way to be construed as part of this
      Agreement.

    

    (d) Entire
      Agreement; Amendments.
      This
      Agreement, including all Exhibits attached
      hereto
      and incorporated by this reference, supersedes all prior discussions,
      negotiations and agreements among the parties with respect to the subject matter
      hereof, and this Agreement constitutes the sole and entire agreement among
      the
      parties with respect to the matters covered hereby. This
      Agreement shall not be modified or amended except by another agreement in
      writing executed by the Parties.

    

    (e) Severability.
      All
      rights and restrictions contained in this Agreement may be exercised and shall
      be applicable and binding only to the extent that they do not violate any
      applicable laws and are intended to be limited to the extent necessary so that
      they will not render this Agreement illegal, invalid or unenforceable. If any
      provision or portion of any provision of this Agreement shall be held to be
      illegal, invalid or unenforceable by a court of competent jurisdiction, the
      Parties shall cooperate in revising such provision or portion so as to comply
      with applicable law while effectuating as nearly as possible the original intent
      of the Parties, and it is the intention of the Parties that the remaining
      provisions or portions thereof shall remain
      in
      full force and effect.

    

    (f) Notices.
      All
      notices and demands required or contemplated hereunder by one party to another
      shall be in writing and shall be deemed to have been duly made and given upon
      date of delivery if delivered in person or by an overnight delivery or postal
      service, upon receipt if delivered by facsimile the receipt of which is
      appropriately confirmed by the sender, or upon the expiration of five days
      after
      the date of posting if mailed by certified mail, postage prepaid, to the
      addresses or facsimile numbers of the parties set forth below their signatures
      on the signature page of this Agreement. Any party may change its address or
      facsimile number for purposes of this Agreement by notice in writing to the
      other parties as provided herein.

    

    (g) Waiver.
      No
      failure or delay on the part of any party hereto to exercise any right or remedy
      hereunder shall operate as a waiver thereof, nor shall any single or partial
      exercise of any right or remedy by any party preclude any other or further
      exercise thereof or the exercise of any other right or remedy. No express waiver
      or assent by any party hereto to any breach of or default in any term or
      condition of this Agreement shall constitute a waiver of or an assent to any
      succeeding breach of or default in the same or any other term or condition
      hereof.

    

    (h) Assignment;
      Successors.
      This
      Agreement may not be assigned or transferred by either Party, in whole or in
      part, without the prior written consent of the Other Party, provided that Game
      Financial may assign its rights (but not its obligations) to Affiliates without
      such consent. Any attempted assignment in violation of the foregoing provision
      shall be null and void and of no force or effect whatsoever. If the Seller
      Parties desires to use subcontractors to perform any obligations under this
      Agreement, they must first obtain Game Financial’s written consent and agree to
      remain liable for the performance of such obligations. This Agreement shall
      be
      binding upon and shall inure to the benefit of the parties hereto and their
      respective successors and permitted assigns.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (i) Counterparts.
      This
      Agreement may be executed in any number of counterparts,
      each of
      which shall be deemed an original and all of which together shall constitute
      one
      and the same instrument.

    

    (j) Interpretation.
      The
      parties are equally responsible for the preparation of this Agreement, and
      the
      terms hereof shall not be more strictly construed against one party than the
      other.

    

    (k) Force
      Majeure.
      No
      party shall be liable for any default or delay in the performance of any of
      its
      obligations under this Agreement (other than failure to make payments due
      hereunder) if such default or delay is caused, directly or indirectly, by forces
      beyond such party’s reasonable control, including, without limitation, fire,
      flood, acts of God, labor disputes, accidents, interruptions of transportation
      or communications facilities or delays in transportation or communication,
      supply shortages or the failure of any third party to perform any commitment
      relative to the production or delivery of any equipment or material, or the
      provision of any service, required for a party to perform its obligations under
      this Agreement.

    

    IN
      WITNESS WHEREOF,
      the
      parties have caused this Agreement to be executed by their duly authorized
      representatives on the day and year first above written.

    

    
      	 	
              GAME
                FINANCIAL CORPORATION

            
	 	 
	 	 
	 	
              By: /s/
                Renz Nichols   

            
	 	
              Name: Renz
                R. Nichols

            
	 	
              Title: President

            
	 	 
	 	
              Address
                for Notices:

            
	 	
              Game
                Financial Corporation

            
	 	
              Attention:
                General Manager

            
	 	
              11601
                Roosevelt Boulevard

            
	 	
              St.
                Petersburg, Florida 33717-2202

            
	 	
              Facsimile:
                (727) 556-9051

            
	 	 
	 	
              with
                a copy to (which shall not constitute notice):

            
	 	 
	 	
              Game
                Financial Corporation

            
	 	
              Attention:
                Law Department

            
	 	
              11601
                Roosevelt Boulevard

            
	 	
              St.
                Petersburg, Florida 33717-2202

            
	 	
              Facsimile:
                (727) 556-9196

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              CHEX
                SERVICES, INC.

            
	 	 
	 	 
	 	
              By: /s/
                Ijaz Anwar    

            
	 	
              Name: Ijaz
                Anwar   

            
	 	
              Title: CFO    

            
	 	 
	 	
              Address
                for Notices:

            
	 	
              Henry
                Fong

            
	 	
              Chairman

            
	 	
              Fast
                Funds Financial Corporation

            
	 	
              11100
                Wayzata Blvd., Suite 111

            
	 	
              Minnetonka,
                MN 55305

            
	 	
              Fax:
                (561) 514-9046

            
	 	 
	 	
              with
                a copy to (which shall not constitute notice):

            
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	
              FASTFUNDS
                FINANCIAL CORPORATION

            
	 	 
	 	 
	 	
              By: /s/
                Michael Casazza   

            
	 	
              Name:
                Michael
                Casazza  

            
	 	
              Title:
                CEO    

            
	 	 
	 	
              Address
                for Notices:

            
	 	
              Henry
                Fong

            
	 	
              Chairman

            
	 	
              Fast
                Funds Financial Corporation

            
	 	
              11100
                Wayzata Blvd., Suite 111

            
	 	
              Minnetonka,
                MN 55305

            
	 	
              Fax:
                (561) 514-9046

            
	 	 
	 	
              with
                a copy to (which shall not constitute notice):

            
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Equitex,
      Inc. hereby guarantees the obligations of FastFunds Financial Corporation and
      Chex Services, Inc. hereunder:

    

    EQUITEX,
      INC.

    

    

    By: /s/
      Henry Fong

    Name:
      Henry
      Fong 

    Title:
      President
      and CEOFiled by Automated Filing Services Inc. (604) 609-0244 - Tao Minerals Ltd. - Exhibit 10.1

Exhibit 10.1

THIS AGREEMENT dated for reference
  the 1st day of February, 2006.

BETWEEN:

PRIMECAP RESOURCES INC., of 412
  – 848 North Rainbow Blvd., Las Vegas, Nevada, U.S.A., 89107-1103.

(hereinafter referred to as “Primecap”)

OF THE FIRST PART

AND:

NUEVA CALIFORNIA S.A., of Carrera
  43 A, No. 1 A Sur-20, Edificio Colmena, Oficina 501, Medellin, Colombia.

(hereinafter referred to as “Nueva
  California”)

OF THE SECOND PART

AND:

TAO MINERALS INC., of 80 South
  Court Road, Thunder Bay, Ontario, P7B 2X4

(hereinafter referred to as “TAO”)

OF THE THIRD PART

This letter agreement has been prepared as the result of negotiations
  had between Tao Minerals Inc. (“Tao”), Primecap Resources Inc. (“Primecap”)
  and Nueva California S.A. (“Nueva California”), concerning the acquisition,
  by Tao, of an interest in the Risaraldo La Golondrina D14-082 property located
  in Narino, Colombia (the “Property”). This letter agreement commits
  to paper the essential terms and conditions upon which the parties will agree
  to the transaction (the “Transaction”), and provides a framework within
  which to complete the due diligence necessary to finalize the Transaction. It
  is anticipated that, once this letter agreement is signed by all parties, a
  definitive agreement, containing the terms and conditions listed herein and
  such other terms and conditions, covenants, representations, warranties and
  indemnities generally included in an agreement of this nature, will be entered
  into and delivered by the parties (the “Definitive Agreement”).

	1. 	 Primecap has, pursuant to the terms and conditions
        of a certain Heads of Agreement dated August 23, 2004, been granted an
        option to acquire, from Nueva California, a 100% interest in the Property
        (the “Option”). A copy of the Heads of Agreement is attached
        hereto as Schedule “A”.

	 	 	 
	2. 	 Primecap will assign the Option to Tao, upon
        execution of the Definitive Agreement, and subject to receipt of applicable
        corporate and regulatory approvals, for the following consideration:

	 	 	 
		(iii) 	 CDN$150,000.00, payable on or before March 15, 2006;
        and

		(iv) 	 The issuance of 2,500,000 shares in the capital stock
        of Tao, such shares (the “Shares”), to be issued to Nueva California.
        The Shares will be issued contemporaneous with the

		  
	payment of the aforementioned CDN$150,000.00 or within 14 days of the
      execution of the Definitive Agreement, whichever is the earlier.
	 	 	 
	3. 	 The Closing of the transactions contemplated
        herein will occur no later than the 10th business day following approval
        of this letter agreement by the regulatory authorities having jurisdiction,
        if any, and by the shareholders of Tao, whichever is later. Notwithstanding
        the foregoing, if the Closing does not occur by February 28, 2006, this
        letter agreement will automatically terminate and be rendered of no further
        force or effect unless the parties have extended such date by mutual agreement
        in writing.

	 	 	 
	4. 	 Primecap will make available to Tao, and to
        its professional advisors, such documentation as is required by Tao, acting
        reasonably, to confirm the “chain of title” of the Property.
        Tao and Primecap will each use its best efforts to prevent public disclosure
        or knowledge of the terms of this letter agreement and all information
        and documents obtained in the course of any due diligence review conducted,
        without the prior written approval of the other party. The foregoing will
        not restrict or otherwise affect the right of the parties to make any
        disclosure:

	 	 	 
		(i) 	 which is necessary for the parties to carry out and
        give full effect to the terms, provisions and intent of this letter agreement;

		(ii) 	 to consultants, lawyers, accountants, regulatory authorities
        or other persons from whom any approvals or consents may required, provided
        that such disclosure is not intended for dissemination to the public and
        each person receiving confidential information executes a non disclosure
        agreement in favor of the parties, as the case may be;

		(iii) 	 as required by any securities laws or regulations applicable
        to the parties; or

		(iv) 	 as may otherwise be required by law or for the purpose
        of enforcing the provisions of this letter agreement or any other agreement
        contemplated hereby.

	 	 	 
		 The obligations of confidentiality and non-disclosure
        set forth in this paragraph 4 will survive the termination of this letter
        agreement and will extend for a period of one (1) year from the date of
        this letter agreement, but will not apply to any information which subsequently
        comes into the public domain or that a person who is not party to this
        letter agreement subsequently delivers to the parties.

	 	 	 
	5. 	 This letter agreement may be terminated by
        either party at any time with the consent of the other party, (Primecap
        and Nueva California will be considered one party for purposes of this
        paragraph only). Otherwise this letter agreement will remain in force
        until February 28, 2006, unless extended in writing by both parties.

	 	 	 
	6. 	 All notices required or contemplated by this
        letter agreement will be considered delivered when actually delivered
        to the parties at their addresses set out on page 1 of this letter agreement.
        Any notice sent by electronic means to a machine capable of generating
        a printed permanent record at the machine of the recipient will be deemed
        to be delivered on the business day following the date of its transmission.

	 	 	 
	7. 	 Each party will pay its own expenses in connection
        with the transactions contemplated in this letter agreement.

	8. 	 Time is of the essence in this letter agreement.

The above provisions set forth the essential terms and conditions
  of the understanding among the parties hereto.

Agreed and accepted by the undersigned as of and from this 1st
  day of February, 2006.

	TAO MINERALS INC. 	 	PRIMECAP RESOURCES INC. 
	Per: 	 	Per: 
	 	 	 
	Don Axent	 	Jim Sikora
	Authorized Signatory 	 	Authorized Signatory 
	 	 	 
		 	
	Authorized Signatory 	 	Authorized Signatory 
	 	 	 
	NUEVA CALIFORNIA S.A. 	 	  
	Per; 	 	  
	  	 	  
	Jim Sikora	 	  
	Authorized Signatory 	 	  
	 	 	 
		 	  
	Authorized Signatory

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