Document:

Exhibit 10.24  

VISTA GOLD CORP.  

7961 Shaffer Parkway    •    Suite 5    •    Littleton, CO USA 80127
    •    Telephone: (720) 981-1185    •    Facsimile:
(720) 981-1186

	 

December 11, 2003 

Mr. James
(Jim) A. Currie

President

Luzon Minerals Ltd.

9th Floor, 555 Burrard Street

Box 273, Two Bentall Centre

Vancouver, British Columbia V7X 1M8 

Dear
Jim: 

Agreement regarding Purchase and Sale of Amayapampa Gold Project  

The purpose of this letter is to set out the terms on which Vista Gold Corp. ("Vista") would agree to sell to Luzon
Minerals Ltd. ("Luzon"), and Luzon would agree to purchase, Vista's interest in the Amayapampa Gold Project
(the "Amayapampa Project") located in Bolivia. 

Effective
as of the date this letter is agreed and accepted by Luzon (the "Effective Date"),(i) this letter is intended to and does create
binding and enforceable legal agreements and obligations between Vista and Luzon with respect to the matters addressed herein, and (ii) the obligations of Vista and Luzon to conclude the
transactions contemplated by this letter are subject only to the conditions outlined in paragraphs (a) to (d) of section 2 of this letter. 

	1.
	Purchase Price.    Vista's interest in the Amayapampa Project, including all structures, equipment and improvements at the
site and all equipment (including sewage treatment equipment) stored off-site, will be purchased by Luzon and sold by Vista on the following terms:

	(a)
	The
aggregate purchase price will be comprised of U.S.$1,000,000, 2,050,000 common shares in the capital of Luzon ("Common
Shares") and at Vista's election, up to U.S.$4,000,000, up to 5,200,000 Common Shares, or a combination of cash and shares (as described in
subparagraph 1(a)(iv) below), and will be payable as follows:

	(i)
	As
soon as possible after the Effective Date, Luzon will issue and deliver to or as directed by Vista 50,000 Common Shares.

	(ii)
	Within
five days of the Effective Date, Luzon will pay to Vista $U.S.10,000.

	(iii)
	Unless
Luzon has previously provided Vista with written notice of its intention not to proceed with the transactions contemplated by this letter, (A) on the
first day of each of the months of January, February and March 2004, Luzon will pay to Vista U.S.$10,000, (B) on the first day of each of the months April and May 2004, Luzon will
pay to Vista U.S.$15,000, and (C) on June 1, 2004, Luzon will pay to Vista U.S.$930,000 and issue to Vista 2,000,000 Common Shares. 

A-1

 

	(iv)
	Unless
prior to June 1, 2004 Luzon has provided Vista with written notice of its intention not to proceed with the transactions contemplated by this letter,
within five days of the date that is the earlier of (A) January 1, 2006 or (B) the date that Luzon commences construction at the Amayapampa Project, Luzon will pay to Vista
U.S.$4,000,000, or at Vista's option in lieu thereof, pay and issue to Vista cash and/or Common Shares in accordance with Schedule "A"
to this letter. 

Luzon
will not acquire ownership of Vista's interest in the Amayapampa Project until it has made all payments contemplated by this paragraph. 

	(b)
	If
Luzon completes its acquisition of the Amayapampa Project, Luzon will grant Vista a 3% net smelter return royalty where gold is at less than $450 per ounce and a 4% net smelter
return royalty where gold is at $450 per ounce or more.

	(c)
	Luzon
will undertake and complete the following by no later than June 1, 2004:

	(i)
	Update
the feasibility study and produce a technical report in compliance with Canadian National
Instrument 43-101 for the Amayapampa Project, such technical report to be completed regardless of whether Luzon elects not to complete the transactions contemplated by
this letter.

	(ii)
	Enter
into discussions with Ayllus and other local authorities in the vicinity of the Amayapampa Project to re-confirm the Social Contract signed by Vista
and to ensure the local communities' cooperation in developing the Amayapampa Project.

	(iii)
	Seek
the financing required to commence construction at the Amayapampa Project.

	(d)
	With
respect to the Common Shares issued to Vista as payment of the purchase price:

	(i)
	each
Common Share will be issued as a fully paid and non-assessable share in the capital of Luzon;

	(ii)
	notwithstanding
the expiry of any hold period applicable under securities laws to the 2,000,000 Common Shares issued to Vista in accordance with
subparagraph 1(a)(iii), Vista agrees that it will not trade or otherwise dispose of such shares for a period of 12 months following the date such shares are issued. The Common Shares
issued to Vista in accordance with subparagraphs 1(a)(i) and (iv) will not be subject to any such additional hold period and subject to subparagraphs (d)(iii)
and (iv) below, may be traded or otherwise disposed of by Vista at any time as permitted by applicable securities laws;

	(iii)
	if
at any time Vista holds more than 10% of the outstanding Common Shares of Luzon and at such time receives an offer from an arm's length third party to purchase all
or the majority of such shares, Vista agrees that it will not sell such shares to such party unless it has (A) first offered to sell such shares to Luzon on the same price and terms, and
(B) Luzon has not accepted that offer within five business days of receiving notice thereof from Vista, provided that Luzon shall be deemed not to have accepted such offer if it has not
delivered the purchase price to Vista in accordance with the terms of such offer within such five day period and that in no circumstances shall Vista be obligated to sell shares to Luzon unless such
sale may be completed in compliance with all applicable laws; and 

A-2

 

	(iv)
	Vista
will use reasonable efforts to cause any disposition of Common Shares by it to completed in a manner that does not cause a substantial negative impact on the
trading price of the Common Shares.

	(e)
	Luzon
will acquire Vista's interest in the Amayapampa Project by purchasing all of the issued and outstanding shares of either Compania Inversora, Vista S.A. or Vista (Antigua)
Corp.

	2.
	Conditions.    The obligation of the parties to conclude the transactions contemplated by this letter will be subject to a
number of conditions, including without limitation, the following:

	(a)
	receipt
of all necessary regulatory, shareholder or other approvals, and any consents required from third parties; and

	(b)
	completion
of due diligence by Luzon with respect to the Amayapampa Project and the transactions contemplated by this letter by not later than June 1,
2004, the results of which shall be satisfactory to Luzon, in its sole discretion.

	3.
	Access to and Return of Information.    Immediately following execution and delivery of this letter by all parties, Vista
agrees to provide Luzon, or its representatives, access to the books, records, financial statements, and other records and information relating to the Amayapampa Project and Vista's ownership interest
therein, and all other information about the Amayapampa Project and Luzon's ownership interest therein reasonably requested by Luzon, to enable Luzon to complete its due diligence investigations with
respect to the Amayapampa Project and Vista's ownership interest therein. Luzon agrees that it will use such information only for the purpose of enabling it to determine if it wishes to complete the
transactions contemplated by this letter. 

If
the transactions contemplated by this letter are not completed, Luzon agrees that it will promptly return or provide to Vista any information obtained by it in connection with its due diligence
investigations (including any information provided to Luzon by Vista in accordance with this section) and will provide Vista with the technical report completed in accordance with
section 1(c)(i). 

	4.
	Due Diligence Investigations.    Luzon shall be under no obligation to continue with its due diligence investigations or to
consummate the transactions contemplated by this letter if, at any time, the results of its due diligence investigation are not satisfactory to Luzon for any reason in its sole discretion.

	5.
	Expenses.    Both Vista and Luzon shal be responsible for payment of their own expenses, including legal and accounting fees,
in connection with the transactions contemplated hereby, whether or not such transactions are completed.

	6.
	Non-Disclosure and Confidentiality.    Each party agrees that it will not, without the prior written consent of
the other party, disclose publicly or to any third party the terms and conditions of this letter or the subsequent negotiations between the parties, except as required by law. In particular, each
party agrees to provide the other with reasonable opportunity to review any proposed public disclosure with respect to this letter or the transactions contemplated thereby, including any decision by
Luzon not to complete the transactions contemplated by this letter. If for any reason Luzon elects not complete the transactions contemplated by this letter, it will not disclose the reasons for its
decision not to complete such transactions unless it is specifically required by law to do so. In addition, each party acknowledges that as part of the transactions contemplated by this letter, it may
come into possession of material non-public information regarding the other party. Each party agrees to keep such information strictly confidential and to use such information only for
purposes of the transactions contemplated in this letter. For greater certainty, nothing in this Section 6 shall prevent a party from disclosing confidential information about the other party
to its own directors, officers, employees or advisors who need to know such information in order to assist such party in completing the transactions contemplated in this letter. 

A-3

 
	7.
	Governing Law.    This letter shall be governed by and construed under the laws applicable in the Province of British
Columbia, Canada.

	8.
	Survival.    The parties agree that sections 3, 4 and 6 shall survive any termination of this letter.

	9.
	Acceptance of Letter.    This letter shall be open for acceptance until 5:00 p.m. (Vancouver time) on Friday,
December 12, 2003. If not accepted in writing prior to that time, this letter shall be considered withdrawn and null and void. 

	 	 	Yours truly,
	

 	
 	
VISTA GOLD CORP.
	
 	
 	

By:	

/s/  RONALD J. MCGREGOR      
 Ronald J. (Jock) McGregor
 President
 

	 

Agreed to and accepted this 11th day of December, 2003 

LUZON MINERALS LTD.

	
 By:	
 	

/s/  JIM CURRIE      
 Authorized Signatory	
 	

 
	 	 	Name:	Jim Currie	 	 
	 	 	Title:	President	 	 

A-4

 
SCHEDULE "A"

(Subparagraph 1(a)(iv))  

	Price

(Cdn.$)1
	 	Cash

(U.S.$)
	 	Common

Shares
	 	 

	< $1.10	 	$	0	 	5,200,000	 	 
	$1.10 - 1.19	 	$	200,000	 	4,940,000	 	 
	$1.20 - 1.29	 	$	400,000	 	4,680,000	 	 
	$1.30 - 1.39	 	$	600,000	 	4,420,000	 	 
	$1.40 - 1.49	 	$	800,000	 	4,160,000	 	 
	$1.50 - 1.59	 	$	1,000,000	 	3,900,000	 	 
	$1.60 - 1.69	 	$	1,200,000	 	3,640,000	 	 
	$1.70 - 1.79	 	$	1,400,000	 	3,380,000	 	 
	$1.80 - 1.89	 	$	1,600,000	 	3,120,000	 	 
	$1.90 - 2.00	 	$	1,800,000	 	2,860,000	 	 
	 	> $2.00	 	$	2,000,000	 	2,600,000	 	 

	1
	"Price"
is the average closing price of the Common Shares on the TSX Venture Exchange (or such other principal stock exchange or market on which the Common Shares are listed or
quoted) for the 30 trading days prior to the date referred to in subparagraph 1(a)(iv). 

A-5

VISTA GOLD CORP.  

7961 Shaffer Parkway    •    Suite 5    •    Littleton, CO USA 80127
    •    Telephone: (720) 981-1185    •    Facsimile:
(720) 981-1186

	 

July 29, 2004 

Jim
Currie

President

Luzon Minerals Ltd.

9th Floor, 555 Burrard Street

Box 273, Two Bentall Centre

Vancouver, British Columbia V7X 1M8

Canada 

Dear
Jim: 

This
letter serves to formalize our agreement reached by telephone discussions to extend the option agreement ("Agreement") of December 11, 2003, and the extension ("First Extension") to
August 1, 2004, dated May 28, 2004, between Vista Gold Corp. ("Vista") and Luzon Minerals Ltd. ("Luzon") for the sale of the Amayapampa Gold Project in Bolivia to Luzon. It is
hereby agreed that the date for completion of those certain items specified in the Agreement to be completed by Luzon by June 1, 2004, which were extended by the First Extension to
August 1, 2004, will hereby be extended to January 15, 2005. As soon as practicable following August 1, 2004, Luzon will issue Vista 200,000 common shares of Luzon
(the "Shares"), said Shares to be non-refundable in the event Luzon elects not to proceed with the purchase, and to be in addition to all other amounts of shares and cash specified
in the Agreement. Said Shares are to be non-restricted, with the exception of hold periods specified by Canadian securities regulations. In addition, Luzon will pay all holding costs for
maintaining the Amayapampa Gold Project. 

	
 Sincerely,	
 	

 	
 	

 
	 	 	 	 	 	 
	/s/  MICHAEL B. RICHINGS      
 Michael B. Richings

President and CEO

Vista Gold Corp.	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	Accepted:	/s/  JIM CURRIE      
	 	Date: July 30, 2004
	 	Jim Currie

President

Luzon Minerals Ltd.

	 	 

VISTA GOLD CORP.  

7961 Shaffer Parkway    •    Suite 5    •    Littleton, CO USA 80127
    •    Telephone: (720) 981-1185    •    Facsimile:
(720) 981-1186

	 

May 28, 2004 

Jim
Currie

President

Luzon Minerals Ltd.

9th Floor, 555 Burrard Street

Box 273, Two Bentall Centre

Vancouver, British Columbia V7X 1M8

Canada 

Dear
Jim: 

This
letter serves to formalize our agreement reached by email correspondence between representatives of our companies on May 21 and May 24, 2004, to extend the option agreement
("Agreement") of December 11, 2003, between Vista Gold Corp. ("Vista") and Luzon Minerals Ltd. ("Luzon") for the sale of the Amayapampa Gold Project in Bolivia to Luzon. It is hereby
agreed that the date for completion of those certain items specified in the agreement to be completed by Luzon by June 1, 2004, will be extended to August 1, 2004. Luzon will pay Vista
U.S.$15,000 per month payable on the first day of each of the months of June and July 2004, said amounts to be non-refundable in the event Luzon elects not to proceed with the
purchase, and to be credited towards the initial purchase payment of U.S.$1,000,000. 

	
 Sincerely,	
 	

 	
 	

 
	/s/  MICHAEL B. RICHINGS      
 Michael B. Richings

President and CEO

Vista Gold Corp.	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	Accepted:	/s/  JIM CURRIE      
	 	Date: May 28, 2004
	 	Jim Currie

President

Luzon Minerals Ltd.Exhibit 10.25  

EMPLOYMENT AGREEMENT

GREGORY G. MARLIER  

THIS
AGREEMENT is entered into to be effective as of June 1, 2004 ("EFFECTIVE DATE") between Vista Gold (US) Inc., a Delaware Corporation, whose address is 7961 Shaffer Parkway,
Suite 5, Littleton CO 80127 ("Employer"), and Gregory G. Marlier ("Employee"). 

	1.
	Employment.    Employer hereby employs Employee and Employee hereby accepts employment by Employer upon the terms and
conditions hereinafter set forth.

	2.
	Term.    The term of this Agreement shall begin on the Effective Date and shall continue until terminated in accordance with
the terms contained herein.

	3.
	Compensation.

	(a)
	For
services rendered by Employee under this Agreement during calendar year 2004, Employer shall pay Employee salary, on an annualized basis, commencing June 1, 2004, of
$110,000. Subsequent years' compensation for Employee shall be determined by Employer based upon Employee's performance, but in no event shall Employee's annualized compensation be reduced below
$110,000.

	(b)
	In
addition to the foregoing, Employee shall be entitled to receive other compensation and fringe benefits, to be paid by Employer, including four (4) weeks paid vacation per
year; health, dental, life, disability and accidental death and dismemberment insurance, but that all such insurance shall be comparable to insurance provided to other employees of Employer; a
401(k) benefit plan on the same basis as made available to other United States employees of Employer; dues for professional organizations of which Employee is a member; a performance
bonus in accordance with the Employer's executive incentive plan.

	(c)
	In
addition to the Base Salary, Employee shall be entitled to request the Board of Directors (the board) of Vista Gold Corp., a Yukon Territory Corporation (VGC) to consider
payment to him of an annual bonus of approximately 15%. The amount of the bonus, if any, will be paid by the Employer and will be in the absolute and unfettered discretion of the Board and Employee
shall in no circumstances be entitled to claim any right or entitlement to a bonus regardless of his performance or the performance of VGC or the Employer during the Term.

	(d)
	The
corporation herby grants to the Employee, subject to the terms and conditions set forth in the Plan and this Agreement, an irrevocable right and option (the "Option") to
purchase 50,000 Common Shares of the Corporation (the "Optioned Shares") at the price of USD            per Optional Share. 50% of the Options granted will vest of the Optionee on
the date of these resolutions and 50% will vest on the first anniversary of the date of these resolutions until the close of the close of business on the 31st day of May, 2009
(the "Expiry Date"). 

1

 

	4.
	Duties.    Employee shall, from the effective date, assume the role of CHIEF FINANCIAL OFFICER (CFO) of VGC and Employer. As
CFO of VGC and Employer, Employee shall, subject to the direction and control of the Board, devote his whole working time and attention and all of his skills to the business of VGC and of Employer and
shall perform all such acts as are necessary to properly and efficiently carry out the duties reasonably expected of a CFO. During the Term, Employee shall at al times act in the best interests of VGC
and Employer and shall not, without the prior consent in writing of the Board, enter into the services of or be employed in any capacity or for any purpose whatsoever by any firm, person or
corporation and shall not be engaged as owner, operator, financier, advisor, manager, salesman or otherwise in any business, enterprise or undertaking other than pursuant to this Agreement. Subject to
the provisions of Paragraph 6(b) below regarding "Fundamental Change".

	5.
	Board.    If requested by the Board, Employee shall also act as an officer of or the nominee of VGC on the board of directors
of any other companies in which VGC has an interest. On termination of Employee's employment with the Employer, for any reason, Employee shall resign as a director and officer of VGC and Employer and
each such other company in which Employee has been appointed by VGC as an officer or as the nominee of VGC on the board of directors and Employees agrees to sign all documents and take all steps as
are necessary to effect such resignations.

	6.
	Termination and Severance Pay.

	(a)
	The
phrase "just cause" as used in this Agreement shall include, but not be limited to, failure to perform Employee's duties hereunder in a manner reasonably satisfactory to the Board
(it being understood that the Employee shall be provided with not less that sixty (60) days' notice and opportunity to cure any such failures before they are deemed "just cause"), death,
permanent disability, breach of any fiduciary duty to VGC and Employer, or conviction in a criminal proceeding (excepting traffic violations or similar misdemeanors).

	(b)
	The
phrase "Fundamental Change" as used in this Agreement means:

	(i)
	an
adverse change in any of the duties, powers, rights, discretion, salary or benefits of Employee as they exist at the Effective date; 

2

 

	(ii)
	a
diminution of the title of Employee as it exists at the Effective Date;

	(iii)
	a
change in the metropolitan area at which the Employee is regularly required to carry out the terms of his employment with the VGC and Employer at the Effective Date.

	(c)
	Employee
may terminate this Agreement upon 30 days written notice to Employer prior to such date of termination.

	(d)
	Subject
to the provisions of Paragraph 6(e) below, Employer may terminate this Agreement for just cause, as defined in Paragraph 6(a) above, immediately
upon written notice to Employee (except in instances in which the cure period applies, in which event the notice may not be given until the end of the cure period), with the result that all benefits
to Employee under this Agreement shall cease immediately upon Employer's issuance of that notice.

	(e)
	In
the event that a Fundamental Change occurs in Employee's employment other than for just cause or if Employee's employment under this Agreement is terminated other than for just
cause, Employee shall be entitled to:

	(i)
	continuation
of his salary (less the usual statutory and other deductions) for three months after such Fundamental Change or termination ("Continuation Period");

	(ii)
	for
vacation and retirement savings plan purposes, the Continuation Period will count as regular employment;

	(iii)
	subject
to the approval of VGC's Compensation Committee and the requirements of VGC's stock option plan, for the purposes of any stock options Employee holds, all
options not yet vested shall be deemed vested as of the date of termination of Employee's employment, and for purposes of exercise of such options, Employee's employment shall be deemed to be
terminated at the end of the Continuation Period, unless he has elected the Retirement Option, described in Paragraph 6(g) below, in which event Employee's employment terminates upon the
termination date;

	(iv)
	Employee
is eligible for the pro rata portion of the annual performance bonus, if any, to which he would have been entitled to the date of termination. This
bonus amount, if any (less any statutory holdback), will be payable when awarded by Employer in the ordinary course of its business, notwithstanding the date of Employee's termination; 

3

 

	(v)
	all
of Employee's benefits paid by Employer, as described in Paragraph 3(b), will be continued during the Continuation Period, to the extent that Employer
maintains such benefits for its other employees during the Continuation Period; provided, however, that if Employee becomes employed by another employer prior to the expiry of the Continuation Period,
Employee's benefits will be discontinued by Employer upon Employee's eligibility for benefits with his new employer; and

	(vi)
	if
long term disability coverage is available after termination, Employee may elect to continue that insurance at his expense; however, Employee acknowledges that
Employer's insurer may consider that there has been a material change in Employee's employment status that could increase the amount of the premiums for same. If Employer is paying the premiums for
Employee's disability coverage at the time of Employees termination, Employer shall continue to pay during the Continuation Period the amount of premiums it was paying at the time of termination, it
being understood and agreed that any subsequent increased premium amount shall be at the sole cost of Employee.

	(f)
	In
the event Employee's employment hereunder is terminated at any time prior to the termination of this Agreement by his voluntary resignation or for just cause by Employer, Employee
shall be entitled to a pro rata portion of any bonus to which he otherwise would have been entitled to receive that year, but Employee shall not be entitled to any severance pay or other
benefits after such resignation or termination, except such as may be payable to him pursuant to the terms of any profit sharing plan of Employer then in effect (there being no such plan in effect as
of the Effective Date).

	(g)
	In
the event of a Fundamental Change as provided in Paragraph 6(e) or a termination other than for just cause, Employee may elect the "Retirement Option", by so
advising Employer in writing within thirty (30) days after the Fundamental Change occurs. If Employee so elects, he will receive his salary, vacation pay, company contribution to his retirement
savings plan, and the reasonable present value of Employee's other Employer-paid benefits for the Continuation Period (less statutory holdbacks) in a lump sum retiring allowance following
termination.

	(h)
	In
the event of Employee's death after commencement but before expiry of the Continuation Period, any unpaid salary, vacation, bonus or pension amount that would have been payable
under this Agreement during the remainder of the Continuation Period will be paid as a lump sum to Employee's estate, and for the purposes of all survivor benefits it will be deemed that Employee died
while employed by Employer so that Employee's designed beneficiaries or Employee's estate receive such survivor benefits. 

4

 

	7.
	Lawsuits.    Employee shall promptly notify the Board of any suit, proceeding or other action commenced or taken against VGC
and/or Employer or of any facts or circumstances of which Employee is aware which may reasonably form the basis of any suit, proceeding or action against Employer.

	8.
	Board Information.    Employee shall keep the Board fully informed of all matters concerning VGC and Employer and shall
provide the Board with status reports concerning VGC at such times, in such manner and containing such information as the Board may request from time to time.

	9.
	Compliance with Laws.    To carry out his obligations hereunder, Employee shall make reasonable efforts to familiarize himself
with and shall cause VGC and Employer to comply with all relevant and applicable laws, regulations and orders and in particular, shall conduct the business of VGC in a manner so as to cause VGC to
comply in all material respects with all federal, provincial, state or local environmental laws, regulations and orders of application in each jurisdiction where VGC carries on business or owns
assets. Employee shall promptly notify the Board if he becomes aware that VGC or any of its subsidiaries has violated any law.

	10.
	Disclosure of information.    By acceptance of this Agreement, Employee expressly acknowledges that he has received or will
receive certain confidential information pertaining to the operations and business affairs of VGC and, as the same may exist from time to time, such information is a valuable, special and unique asset
of the VGC's business Employee agrees that he shall not, during his employment under this Agreement or at any time thereafter, disclose any such information to any person, firm, corporation,
association, or other entity for any reason or purpose whatsoever without the prior written consent of VGC. Employee also hereby agrees that immediately upon any termination of this Agreement, for any
reason whatsoever, Employee shall return to VGC all copies of any such information (in whatever form) then in Employee's possession.

	11.
	Assignment.    This Agreement and rights and obligations of the parties hereto may be assigned by VGC and shall bind and
inure to the benefits of the assigns, successor or successors of VGC and, insofar as payments are to be made to Employee after his death, shall inure to the benefit of the assigns, heirs, estate or
legal representative of Employee. This Agreement is personal to Employee and may not be assigned by Employee. 

5

 
	12.
	Entire Agreement; Modifications.    This document contains the entire agreement of the parties with respect to the subject
matter hereof, and it may only be changed, modified, supplemented or amended by an agreement in writing signed by the party to be bound thereby.

	13.
	Governing Law.    This Agreement shall be interpreted and governed in accordance with the laws of the State of Colorado.

	14.
	Severability.    If any part of this Agreement is for any reason declared to be illegal, invalid, unconstitutional, void or
unenforceable, all other provisions hereof not so held shall be and remain in full force and effect, and the intention of the parties as expressed in the stricken provision(s) shall be given
effect to the extent possible.

	15.
	Dollar References.    All references to "dollars" and "$" shall mean United States Dollars.

	16.
	Review by Employee's Counsel.    Employee acknowledges that this Agreement has been reviewed on his behalf by a Colorado
attorney. Employer agrees to reimburse Employee for reasonable attorney's fees and expenses incurred by Employee in such review. 

6

 

        IN
WITNESS WHEREOF, the parties have executed this Agreement on the day and year set forth below their signatures, effective as of the day and year first above written. 

	
 	

 	
 	

(C/S)	
 	

 
	 	 	 	 	 	 
	 	The Corporate Seal of

Vista Gold Corp. was hereunto

Affixed in the presence of:	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	/s/  MICHAEL B. RICHINGS      
 Authorized Signatory	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	/s/  MICHAEL B. RICHINGS      
 Authorized Signatory	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	Signed, Sealed and Delivered

By Gregory G. Marlier

In the presence of:	 	 	 	 
	 	 	 	/s/  GREGORY G. MARLIER      
 Gregory G. Marlier	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	/s/  HOWARD M. HARLAN      
 Witness	 	 	 	 

7

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