Document:

Exhibit 10(o)-1

 

TCF
FINANCIAL CORPORATION

2008
MANAGEMENT INCENTIVE PLAN – LEASING EXECUTIVE

 

1.                                       Eligibility - Each Participant shall be given a copy
of this 2008 Management Incentive Plan – Leasing Executive (the “Plan”) and be required
to sign an acknowledgment of its terms. 
The participants in the Plan are those approved by the
Compensation/Nominating/Corporate Governance Committee (the “Committee”).

 

2.                                       All participants will be initially
evaluated by the Chief Executive Officer of TCF Financial (the  “CEO”) who will forward all recommendations
to the Committee for approval.  The
Committee evaluates the performance of the CEO. 
The Committee will consider and evaluate all matters it deems
appropriate in its sole discretion, subject to limits imposed on such
discretion under the Performance-Based Plan. 
Evaluations will be performed pursuant to the terms of the TCF
Performance-Based Compensation Policy for Covered Executive Officers (the “Performance-Based
Plan”) in the case of Covered Executive Officers (as defined in that Plan).

 

3.                                       The criteria for awards (subject to
paragraph 4) is based upon achievement of the financial goal relating to Return
on Assets (“ROA”) as approved by the Committee, which is achievement of an ROA
of 1% for the combined results of TCF Equipment Finance and Winthrop Resources
for 2008.  The Committee reserves the
right to determine that a lower (or no) bonus should be paid if in its sole
discretion it considers such action warranted. 
Return on Assets will be calculated as provided in the Performance-Based
Plan.  If the combined results of TCF
Equipment Finance and Winthrop Resources equal or exceed an ROA of 1% for 2008,
the bonus due is 200% of salary.

 

4.                                       The Committee may in its discretion,
reduce, defer or eliminate the amount of the incentive determined under
paragraph 3 of this Agreement, for any reason, including performance under
individual performance goals established for the participant which have been
approved by the Committee and are lodged with the minutes.  The Committee has authority to make
interpretations under this Plan and to approve the calculations under Paragraph
3.  Incentive compensation will be paid
in cash as soon as possible following approval of awards by the Compensation/Nominating/Corporate
Governance Committee.  Except for Covered
Executive Officers, the participant must be employed by TCF Financial (or the
same subsidiary as employed by on the date of this Acknowledgment) on the date
the incentive is paid in the same job position as the position for which the
incentive was earned in order to receive the incentive payment.  However, where the participant has
transferred to another position within TCF, the Committee may in its discretion
determine to pay part, none, or all of the incentive based on any factors the
Committee considers relevant.

 

5.                                       The Committee may amend this Plan from
time to time as it deems appropriate, except that any such amendment shall be
in writing and signed by both TCF Financial and the executive and no amendment
may contravene requirements of the Performance-Based Plan.  This Plan shall not be construed as a
contract of employment, nor shall it be considered a term of employment, nor as
a binding contract to pay awards.

 

6.                                       This Plan is effective for service on or
after January 1, 2008, and supersedes and replaces the prior Management
Incentive Compensation Plan and any other prior incentive arrangements with
respect to executives in this Plan.

 

Acknowledgment

 

I have received, read,
and acknowledge the terms of the foregoing plan.

 

 

	
   

  	
   

  	
   

  
	
  Date

  	
   

  	
  SignatureCC Filed by Filing Services Canada Inc. 403-717-3898

Exhibit 10.12

FIRST AMENDMENT TO MINING LEASE

THIS FIRST AMENDMENT TO MINING LEASE is made this 19th day of December, 2006 by and between GREG KUZMA and HEIDI KUZMA, husband and wife (“Owner”); and MIRANDA U.S.A., INC., a Nevada corporation (“Lessee”). 

RECITALS

A.  Owner and Lessee have previously entered into a “Mining Lease” dated October 17, 2005 (the “Lease”) affecting the Angel Wings 1-27 and 30-32 unpatented lode mining claims situated in Elko County, Nevada.  Section 1.3 of the Lease sets forth a sliding scale of production royalties ranging from 2.0% to 4.0% of net smelter returns, depending on the price of gold.

B.

The parties have agreed to a “royalty buydown,” by which Lessee can purchase a portion of Owner’s reserved royalty.   The parties also wish to add additional “Angel Wings” claims to the Lease.

THEREFORE, the parties have agreed as follows:

1.

Royalty Buydown.  Owner and Lessee agree that the Lease shall be amended to add the following new Section 1.6:

1.6   Royalty Buydown.  Owner hereby grants to Lessee the option to purchase up to two “points” of Owner’s reserved royalty on produc-tion, each “point” being equal to one percent (1%) of net smelter returns.  The purchase price shall be ONE MILLION DOLLARS ($1,000,000.00) per point.  At any time while this Agreement is in effect, Lessee may give written notice to Owner of its intention to purchase one or two points.  Within thirty (30) days thereafter, Lessee shall deliver a check for $1,000,000.00 or $2,000,000.00, as the case may be, to Owner, and Owner shall execute a “Relinquishment of Royalty Interest” reflecting the purchase of one or two points.

However, the parties agree that Owner’s reserved production royalty shall never drop below one percent (1%) of net smelter returns, regardless of the price of gold.  By way of example, suppose that Lessee has purchased two royalty points from Owner, and the price of gold then declines to $250.00.  In accordance with Section 1.3 of the Lease, Owner’s royalty would then be 2% of net smelter returns.  Despite the fact that Owner’s royalty is effectively “zero” (2% NSR less the two points previously purchased by Lessee), Lessee would pay Owner a 1% royalty on net smelter returns.

2.

Additions to Property.  Following execution of the Lease, Miranda has located fifty-seven additional claims in the name of Owner.  These claims are more particularly described on Exhibit A attached hereto.  These additional claims, together with the original Angel Wings 1-27 and 30-32 claims, shall constitute the “Property” subject to the Lease.

3.

Continuing Effect.  All other terms and conditions of the Lease shall continue in full force and effect, except as modified by this First Amendment.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first above written.  

_________________________________

GREG KUZMA

_________________________________

HEIDI KUZMA

MIRANDA U.S.A., INC., a Nevada

corporation

By:                                                    

  

KENNETH D. CUNNINGHAM, 

President

miranda usa/7589

first amendment to mining lease (kuzma) (12-06)

-1-CC Filed by Filing Services Canada Inc. 403-717-3898

Exhibit 10.24

 EXECUTION COPY

FIRST AMENDMENT TO EXPLORATION AND OPTION TO ENTER JOINT VENTURE AGREEMENT

THIS FIRST AMENDMENT TO THE EXPLORATION AND OPTION TO ENTER JOINT VENTURE AGREEMENT is made this 20th of July, 2007 by and between MIRANDA GOLD CORP., a British Columbia corporation, and MIRANDA U.S.A., INC, a Nevada corporation (collectively “Miranda”); and ROMARCO MINERALS INC., a British Columbia corporation, and ROMARCO MINERALS U.S. INC.,  a Nevada corporation (collectively “Romarco”).

RECITALS

A.

Miranda and Romarco have previously entered into an “Exploration and Option to Enter Joint Venture Agreement (Red Canyon Project” effective July 12, 2006 (the “Exploration Agreement”).  The Exploration Agreement relates to the “Red Canyon” group of unpatented mining claims (the “Property”), which are subject to an “Exploration and Option to Purchase Agreement” dated November 18, 2003 between Miranda and Red Canyon Corporation (the “Red Canyon Lease”).

B.

The Exploration Agreement required Romarco to expend $400,000.00 in Expenditures on the Property on or before July 12, 2007, subject to certain conditions. 

C.

The parties now wish to amend the Exploration Agreement for the purpose of replacing the Initial Year Expenditure with the commitment described herein; 

THEREFORE, the parties have agreed as follows.

1.

Extension to Time for Completing of Initial Year Expenditures.  Sections 7.1 and 7.2 of the Exploration Agreement are hereby amended to require Romarco to undertake 6,000 feet of reverse circulation or core drilling on the Property on or before December 31, 2007.  The drilling commitment shall replace the previous requirement of $400,000 in Expenditures in the Initial Year.

Romarco agrees to use its best efforts to obtain all necessary permits for the drilling program, and to obtain the services of one or more drill rigs in a timely manner.  If Romarco is unable to complete its drilling obligation by December 31, 2007 because of unavailability of drill rigs, Romarco shall provide evidence to Miranda of its efforts to obtain one or more drill rigs and qualified drillers. If Romarco has not commenced drilling by November 15th, 2007, then upon delivery of reasonably satisfactory evidence of Romarco’s efforts to Miranda, then Miranda will extend the drilling deadline from December 31, 2007 to such time as Romarco has completed its 6,000-foot drilling commitment (but not later than July 12, 2008).

2.

Related Changes.  Notwithstanding the replacement of the Initial Year Expenditures, all other amounts which included the initial $400,000 Expenditure in its calculation shall remain unchanged, except that the Annual Amount and Cumulative Amount references for July 12, 2007, and this Expenditure Date itself, shall be deleted. For greater certainty, the Parties confirm that the Exploration Agreement has not been terminated and that Romarco shall not be in default of any of its obligations under Section 7 as at July 12, 2008, including the provisions of this First Amendment, if it has incurred an aggregate of $900,000 in Expenditures on or before July 12, 2008, including any Expenditures contemplated by or made pursuant to this First Amendment.  .

3.

Consideration for Amendment.  In consideration of the foregoing amendment, Romarco agrees to make the following payments as Expenditures:

a.

On or before August 1, 2007, Romarco will pay the federal claim maintenance fees for the unpatented mining claims held under the Red Canyon Lease, together with any additional claims that may have been located by Miranda or Romarco with the Area of Interest.

b.

On or before September 1, 2007, Romarco will record an Affidavit and Notice of Intent to Hold in Eureka County for the unpatented claims held under the Red Canyon Lease, together with any additional claims that may have been located by Miranda or Romarco within the Area of Interest. 

c.

On or before November 18, 2007, Romarco will be obligated to pay the annual lease payment of $50,000 required by the Red Canyon Lease.

3.

Continuing Effect.  All other terms and provisions of the Exploration Agreement shall continue in full force and effect, except as modified by this First Amendment.

IN WITNESS WHEREOF, 

the parties have executed this First Amendment to Exploration and Option to Enter Joint Venture Agreement on the day and year first above written.

MIRANDA GOLD CORP., A British Columbia corporation

By______________________________________________

    KENNETH D. CUNNINGHAM, President

MIRANDA U.S.A., INC., a Nevada corporation

By______________________________________________

    KENNETH D. CUNNINGHAM, President

ROMARCO MINERALS INC., a British Columbia corporation

By________________________________________________

    DIANE GARRETT, President

ROMARCO MINERALS U.S. INC., a Nevada corporation

By________________________________________________

    DIANE GARRETT, President

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