Document:

Exhibit 10.1

    MINING
      OPTION AGREEMENT 

    
       

      THIS
        AGREEMENT, made as of the 1st day of July, 2006

       

      
        	BETWEEN: LOCKE B. GOLDSMITH, Geologist
                	
                (the
                  "Optionor")

              
	Of: Suite 502, 595 Howe Street, Vancouver,
                British Columbia V6C 2T5	
                OF
                  THE FIRST PART

              
	 	 
	AND: CODY RESOURCES, INC.	
                a
                  company duly incorporated pursuant to the laws of
                  the

              
	State of Nevada, and having as office
                at
                	
                2915
                  W. Charleston Blvd., Ste 7 Las Vegas, NV
                  89102

              
	 	
                (the
                  "Optionee")

              
	 	
                OF
                  THE SECOND
                  PART

              

      

      
         

         

        WHEREAS:

        

        A.  the
          Optionor is the owner of certain mineral claims located in the Slocan Mining
          Division of British Columbia, (the "Vulture Claims" or the
          "Property");

        

        B.  the
          Optionor has agreed to grant an exclusive option to the Optionee to acquire
          an
          interestin
          and to
          the Property, on the terms and conditions hereinafter set forth;

        

        NOW
          THEREFORE THIS AGREEMENT WITNESSES that in consideration of the sum of
          $10.00
          now paid
          by
          the Optionee to the Optionor (the receipt of which is hereby acknowledged),
          the
          parties agree
          as
          follows:

         

        1.
          DEFINITIONS

        

        For
          the
          purposes of this Agreement the following words and phrases shall have the
          following
          meanings, namely:

        
          	(a)  	
                  "Exploration
                    Expenditures" means the sum of:

                

          	 	(i) All costs of acquisition and maintenance
                  of the
                  Property, all expenditures on the exploration
                  and development of the Property, and all other costs and expenses
                  of
                  whatsoever kind or nature, including those of a capital nature,
                  incurred
                  or chargeable by the Optionee with respect to the exploration of
                  the
                  Property, and

          	 	
                   

                  (ii) as compensation for general overhead
                    expenses which
                    the Optionee may incur,
                    an amount equal to 10% of all amounts included in subparagraph
                    (i)
                    in

                

        

         

        
          
            
            

          

          
             

            
              

            

          

          
            
            

          

        

         

        	 	each year but only 5% of such amounts when paid
                by the
                Optionee under any
                contract involving payments by it in excess of $100,000 in one
                year;

        	(b)  	
                "Option"
                  means the option to acquire a 100% undivided interest in and to
                  the
                  Property as provided in this Agreement;

              

        	(c)  	
                "Option
                  Period" means the period from the date of this Agreement to and
                  including
                  the date of exercise or termination of the
                  Option;

              

        	(d)  	
                "Property"
                  means the mineral claims described in Schedule "A" hereto including
                  any
                  replacement or successor claims, and all mining leases and other
                  mining
                  interests derived
                  from any such claims. Any reference herein to any mineral claim
                  comprising
                  the Property includes any mineral lease or other interests into
                  which such
                  mineral claim may have been converted;

              

        	(e)  	
                "Property
                  rights" means all licenses, permits, easements, rights-of-way,
                  certificates and
                  other approvals obtained by either of the parties either before
                  or after
                  the date of this
                  Agreement and necessary for the exploration of the
                  Property;

              

        	(f)  	
                "Purchase
                  Price" means all cash payments, and Exploration Expenditures referred
                  to
                  in subsection 2.2 (a) and (b); and;

              

        	(g)  	
                "Royalty"
                  means the amount of royalty from time to time payable to the Optionor
                  hereunder pursuant to section 11.

              

         

        2.GRANT
          AND EXERCISE OF OPTION

         

        2.1   The
          Optionor grants to
          the Optionee the exclusive right and option, to acquire a 100%
          undivided interest
          in the Property free and clear of all charges, encumbrances and claims,
          save and
          except
          for
          those set out herein.

        2.2   The
          Option shall be
          exercised by the Optionee:

        (a)
          (i)
          paying to the Optionor $25000 U.S. on or before December 31, 2007;

        (ii)  paying
          to
          the Optionor an additional $50,000 U.S. on or before December 31,
          2008;

        (iii)  paying
          to
          the Optionor an additional $75,000 U.S. on or before December 31,
          2009.

        

        (b)
          (I)
          incurring Exploration Expenditures of $5000 U.S. on the Property on or
          before

        December
          31, 2006, or if weather does not allow reasonable access to the property
          at

        that
          time, the work to be completed at such other time as agreed by the
          parties;

        (ii)  incurring
          additional Exploration Expenditures of $50,000 U.S. on the Property on
          or

        before
          December 31, 2007;

        (iii)    
          incurring
          additional Exploration Expenditures of $100,000 U.S. on the Property on
          or
          before December 31, 2008.

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

        The
          Option shall be deemed to be exercised upon the Optionee making all payments
          and incurring
          all Exploration Expenditures in accordance with this Paragraph 2.2 (a)
          and
          (b).

        

        2.3  On
          or
          before October 31 of each subsequent year and for as long as the Optionor
          retains a Royalty
          in the Property either the Optionee or the Owner, as the case may be, shall
          incur $150,000 U.S.
          in
          Exploration Expenditures on the Property.

        

        2.4   In
          the event that the
          Optionee or the Owner, as the case may be, in any of the above
          periods incurs
          more than the specified sum of Exploration Expenditures, the excess shall
          be
          carried forward
          and
          applied to the Exploration Expenditures to be incurred in succeeding
          periods.

        

        2.5   In
          the event that the
          Optionee or the Owner, as the case may be, in any of the above
          periods
          incurs
          less than the specified sum of Exploration Expenditures, it may pay to
          the
          Optionor the difference between the amount it actually spent and the specified
          sum in full satisfaction of the Exploration Expenditures to be
          incurred.

        

        2.6   The
          Optionee will not be
          bound to make any payment under subsection 2.2, other than the cash payment
          under Paragraph 2.2 (a) (I), but the Option will terminate and either the
          Optionee or the Owner, as
          the
          case may be, will forfeit all previous payments if any payment or Exploration
          Expenditure is not
          made in
          accordance with subsections 2.2 and 2.3.

        

        3.   CONDITIONS 

        The
          obligations of both parties are contained in this Agreement.

        

        4.   REPRESENTATIONS
          AND WARRANTIES OF THE OPTIONOR

         

        4.1        
          The
          Optionor represents and warrants to the Optionee that:

        

        	(a)  	
                he
                  is, under the laws of British Columbia legally entitled to hold
                  the
                  Property and all mineral claims comprised therein, and all Property
                  Rights
                  held by him and will remain
                  so entitled until all interests of the Optionor in the Property
                  (other
                  than Royalty)
                  have been duly transferred to the Optionee as contemplated
                  hereby;

              

        

        	(b)  	
                he
                  is, and at the time of each transfer to the Optionee of mineral
                  claims
                  composing the
                  Property pursuant to the exercise of the Option he will be, the
                  recorded
                  holder and beneficial
                  owner of all of the mineral claims comprising the Property free
                  and clear
                  of all
                  liens, charges, and encumbrances, and no taxes or rentals are due
                  in
                  respect of any

              

         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

         

        	 	thereof;

         

        	(c)  	
                the
                  mineral claims comprised in the Property have been duly and validly
                  located and recorded
                  pursuant to the Mineral
                  Tenure Act (British
                  Columbia), and, except as specified in Schedule
                  "A" hereto and accepted by the Optionee, are in good standing in
                  the
                  office of the
                  Mining Recorder on the date hereof and until the dates set opposite
                  the
                  respective names thereof in Schedule "A"
                  hereto;

              

        

        	(d)  	
                there
                  is no adverse claim or challenge against or to the ownership of
                  or title
                  to any of the mineral
                  claims comprising the Property, nor to the knowledge of the Optionor
                  is
                  there any
                  basis therefore, and there are n o outstanding agreements or options
                  to
                  acquire or purchase
                  the Property or any portion thereof, and no person, firm, or corporation
                  has any proprietary,
                  possessory, royalty or other interest whatsoever in production
                  from any of
                  the
                  mineral claims comprising the Property;

              

        

        	(e)  	
                there
                  are no pending or threatened actions, suits, claims, disputes,
                  or
                  proceedings regarding the Property nor is he aware if the basis
                  for
                  any.

              

        

        4.2  The
          representations and warranties contained in this section are provided for
          the
          exclusive benefit of the Optionee, and a breach of any one of more thereof
          may
          be waived by the Optionee in whole
          or
          in part at any time without prejudice to its rights in respect of any other
          breach of the same or any
          other
          representation or warranty, and the representation and warranties contained
          in
          this section
          shall
          survive the execution of this Agreement and of any transfers, assignments,
          deeds
          or further documents respecting the Property.

         

        5.  REPRESENTATIONS
          AND WARRANTIES OF THE OPTIONEE

        5.1The
          Optionee represents and warrants to the Optionor that:

        	(a)  	
                it
                  has been duly incorporated, amalgamated or continued and validly
                  exists as
                  a corporation
                  in good standing under the laws of its jurisdiction of
                  incorporation,
                  amalgamation or continuation;

              

        	(b)  	
                it
                  is lawfully authorized to hold mineral claims and real property
                  under the
                  law of the jurisdiction in which the Property is
                  situate;

              

        	(c)  	
                it
                  has duly obtained all corporate authorizations for the execution
                  of this
                  Agreement and for
                  the performance of this Agreement by it, and the consummation of
                  the
                  transactions
                  herein contemplated will not conflict with or result in any breach
                  of any
                  covenants or agreements contained in, or constitute a default under,
                  or
                  result in the creation of any encumbrance under the provisions
                  of the
                  Articles or the constituting documents of
                  the

              

         

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

         

        	 	Optionee or any shareholders' or directors' resolution,
                indenture, agreement or other instrument
                whatsoever to which the Optionee is a party or by which it is bound
                or to
                which
                it
                or the Property may be subject;

        	(d)  	
                no
                  proceedings are pending for, and the Optionee is unaware of any
                  basis for
                  the institution
                  of any proceedings leading to, the dissolution or winding up of
                  the
                  Optionee or
                  the placing of the Optionee in bankruptcy or subject to any other
                  laws
                  governing the affairs of insolvent
                  corporations;

              

        

        5.2  The
          representations and warranties contained in this section 5 are provided
          for the
          exclusive
          benefit
          of the Optionor and a breach of any one or more thereof may be waived by
          the
Optionor
          in whole or in part at any time

        without
          prejudice to its rights in respect of any other
          breach
          of the same or any other representations warranty; and the representations
          and
          warranties contained in this section shall survive the execution
          hereof.

         

        6.  EXERCISE
          OF OPTION

        6.1   
          The
          Optionee may at any time after it has paid the Purchase Price, exercise
          the
          Option by
          delivering a written notice to the Optionor, provided always that nothing
          herein
          shall oblige the Optionee to give such notice.

        

        6.2    
          If
          and
          when the Option has been exercised, a 100% undivided right and interest
          in and
          to

        the
          Property shall vest in the Optionee free and clear of all charges, encumbrances
          and claims, save
          and
          except for the obligations of the Optionee under sections 9, 11, and
          14.

         

        7.     
          TRANSFER
          OF PROPERTY

        As
          long
          as the Optionor holds a Royalty Interest, the Optionor shall retain title
          documents to he Property.
          If the Optionor sells all of the Optionor's Royalty Interest, the Optionor
          shall
          forthwith deliver
          to the
          Optionee duly executed transfers of the appropriate interest in the Property,
          which shall have been acquired by the Optionee upon exercise of the
          Option.

        

        8.      
          RIGHT
          OF ENTRY

        Throughout
          the Option Period the directors and officers of the Optionee and its servants,
          agents and
          independent contractors, shall have the sole and exclusive right in respect
          of
          the Property to:  

        	(a)  	enter thereon;

        	(b)  	have exclusive and quiet possession
                thereof;

        	(c)  	
                do
                  such prospecting, exploration, development and other mining work
                  thereon
                  and thereunder as the Optionee in its sole discretion may determine
                  advisable;

              

         

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

         

        	(d)  	
                bring
                  upon and erect upon the Property such buildings, plant, machinery
                  and
                  equipment as the Optionee may deem advisable;
                  and

              

        	(e)  	
                remove
                  therefrom and dispose of reasonable quantities of ores, minerals
                  and
                  metals for the purposes of obtaining assays or making other
                  tests.

              

         

        9. 
               OBLIGATIONS
          OF THE OPTIONEE DURING OPTION PERIOD 

        During
          the Option Period the Optionee shall:

         

        	(a)  	
                maintain
                  in good standing those mineral claims comprising the Property that
                  are in
                  good standing
                  on the date hereof by the doing and filing of assessment work or
                  the
                  making of
                  payments in lieu thereof, by the payment of taxes and rentals,
                  and the
                  performance of other actions which may be necessary in that regard
                  and in
                  order to keep such mineral claims free and clear of all liens and
                  other
                  charges arising from the Optionee's activities thereon except those
                  at the
                  time contested in good faith by the
                  Optionee;

              

        	(b)  	
                permit
                  the directors, officers, employees and designated consultants of
                  the
                  Optionor, at their own risk and expense, access to the Property
                  at all
                  reasonable times, and the Optionor
                  agrees to indemnify the Optionee against and to save it harmless
                  from all
                  costs,
                  claims, liabilities and expenses that the Optionee may incur or
                  suffer as
                  a result of any injury (including injury causing death) to any
                  director,
                  officer, employee or designated consultant of the Optionor while
                  on the
                  Property;

              

        	(c)  	
                do
                  all work on the Property in a good and workmanlike fashion and
                  in
                  accordance with all applicable laws, regulations, orders and ordinances
                  of
                  any governmental authority;

              

        	(d)  	
                indemnify
                  and save the Optionor harmless in respect of all costs, claims,
                  liabilities and expenses
                  arising out of the Optionee's activities on the Property, but the
                  Optionee
                  shall
                  incur no obligation hereunder in respect of claims arising or damages
                  suffered after termination of the Option if upon termination of
                  the Option
                  any workings on or improvements to the Property made by the Optionee
                  are
                  left in a safe condition;

              

        	(e)  	
                permit
                  the Optionor, at its own expense, reasonable access to the results
                  of the
                  work done on the Property during the last completed calendar
                  year;

              

        	(f)  	
                deliver
                  to the Optionor, forthwith upon receipt thereof, copies of all
                  reports,
                  maps, assay results
                  and other technical data compiled by or prepared at the direction
                  of the
                  Optionee
                  with respect to the property.

              

         

        10.      
          TERMINATION
          OF OPTION BY OPTIONEE

        10.1     If
          the
          Option is terminated otherwise than upon the exercise thereof pursuant
          to
          section 6, the
          Optionee
          shall:

         

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

           

        	(a)  	leave in good standing for a period of at least
                12 months
                from the termination of theOption
                Period those mineral claims comprising the Property that are on good
                standing on the
                date hereof and any other mineral claims comprised in the Property
                that
                the Optionee brings
                into good standing after the date hereof;

        	(b)  	
                deliver
                  or make available at no cost to the Optionor within 90 days of
                  such
                  termination, all
                  drill core, copies of all reports, maps, assay results and other
                  relevant
                  technical data
                  compiled by, prepared at the direction of, or in the possession
                  of the
                  Optionee with respect to the Property and not theretofore furnished
                  to the
                  Optionor.

              

        

        10.2    
          Notwithstanding
          the termination of the Option, the Optionee shall have the right, within
          a period
          of
          180 days following the end of the Option Period, to remove from the Property
          all
          buildings,
          plant,
          equipment, machinery, tools, appliances and supplies which have been brought
          upon the Property
          by or on behalf of the Optionee, and any such property not removed within
          such
          180 day
          period
          shall thereafter become the property of the Optionor.

        

        11      
          ROYALTY

        11.1   
          The Optionor reserves for itself and the Optionee grants to the Optionor
          a 2%
          Net Smelter
          Returns
          royalty (the Royalty), calculated as described below, to be paid
          quarterly.

        

        11.2
          The
          Royalty will be calculated by deducting from the gross proceeds received
          from
          any mint, smelter,
          or other purchaser for the sale of ores, concentrates, or mineral products
          produced from the
          Property, the following charges and expenses directly or indirectly
          incurred:

        

        	(a)  	
                sales,
                  use, gross receipts, severance, and other taxes, if any, payable
                  with
                  respect to severance,
                  production, removal, sale, or disposition of minerals from the
                  Property,
                  but
                  excluding any taxes on net income;

              

        	(b)  	
                charges
                  and costs, if any, for transportation from the mine or mill to
                  places
                  where the minerals from the Property are smelted, refined, or sold;
                  and

              

        	(c)  	
                charges,
                  costs (including assaying and sampling costs related to smelting
                  and
                  refining), and all penalties, if any, for smelting and
                  refining.

              

         

        12.      
          TRANSFERS

        12.1    
          The
          Optionee may at any time either during the Option Period or thereafter,
          sell,
          transfer, or otherwise dispose of all or any portion of its interest in
          and to
          the Property and this Agreement provided
          that any purchaser, grantee or transferee of any such interest shall have
          first
          delivered to the
          Optionor
          its agreement relating to this Agreement and to the Property,
          containing:

         

        
          
            
            

          

          
            7

            
              

            

          

          
            
            

          

        

         

        	(a)  	
                a
                  covenant by such transferee to perform all the obligations of the
                  Optionee
                  to be performed
                  under this agreement in respect of the interest to be acquired
                  by it from
                  the
                  Optionee to the same extent as if this Agreement had been originally
                  executed by the Optionee
                  and such purchaser, grantee or transferee as joint and several
                  obligors
                  making
                  joint and several covenants; and

              

        	(b)  	
                a
                  provision subjecting any further sale, transfer or other disposition
                  of
                  such interest in the
                  Property and this Agreement or any portion thereof to the restrictions
                  contained in
                  this paragraph (a).

              

         

        12.2     
          No assignment by the Optionee of any interest less than its entire interest
          in
          this Agreement and in the Property shall, as between the Optionee and the
          Optionor, discharge it from any of its obligations
          hereunder, but upon the transfer by the Optionee of the entire interest
          at the
          time held by it
          in this
          Agreement, (whether to one or more transferees and whether in one or in
          a number
          of successive transfers), the Optionee shall be deemed to be discharged
          from all
          obligations hereunder save
          and
          except for the fulfillment of contractual commitments accrued due prior
          to the
          date on which
          the
          Optionee shall have no further interest in this Agreement.

        

        12.3     
          If the Optionor should receive a bona fide offer from an independent third
          party
          (the "Proposed Purchaser") dealing at arm's length with the Optionor to
          purchase
          all or a part of its interest
          in the Property, which offer the Optionor desires to accept, or if the
          Optionor
          intends to sell
          all or a
          part of its interest in the Property:

        

        	(a)  	
                The
                  Optionor shall first offer (the "Offer") such interest in writing
                  to the
                  Optionee upon terms
                  no less favorable than offered by the proposed Purchaser or intended
                  to be
                  offered
                  by
                  the Optionor, as the case may be.

              

        	(b)  	
                The
                  Offer shall specify the price, terms and conditions of such sale,
                  the name
                  of the Proposed
                  Purchaser and shall, in the case of an intended offer by the Optionor,
                  disclose the
                  person or persons to whom the Optionor intends to offer its interest
                  and,
                  if the offer
                  received by the Optionor from the Proposed Purchaser provides for
                  any
                  consideration payable
                  to the Optionor otherwise that in cash, the offer shall include
                  the
                  Optionor's good
                  faith estimate of the cash equivalent of the non-cash
                  consideration.

              

        

        	(c)  	
                If
                  within a period of 60 days of the receipt of the Offer the Optionee
                  notifies the Optionor in writing
                  that it will accept the offer, the Optionor shall be bound to sell
                  such
                  interest to the Optionee
                  on the terms and conditions of the offer, If the Offer so accepted
                  by the
                  Optionee
                  contains the Optionor's good faith estimate of the cash equivalent
                  of the
                  non cash consideration as aforesaid, and if the Optionee disagrees
                  with
                  the Optionor's best estimate, the Optionee shall so notify the
                  Optionor at
                  the time of acceptance and the Optionee shall, in such notice,
                  specify
                  what it considers, in good faith, the fair
                  cash

              

         

        
          
            
            

          

          
            8

            
              

            

          

          
            
            

          

        

         

        	 	equivalent to be and the resulting total purchase
                price.
                If the Optionee so notifies the Optionor,
                the acceptance by the Optionee shall be effective and binding upon
                the
                Optionor
                and the Optionee, and the cash equivalent of any such non-cash
                consideration shall be determined by binding arbitration and shall
                be
                payable by the Optionee, subject to prepayment as hereinafter provided,
                within 60days following its determination by arbitration. The Optionee
                shall in such case pay to the Optionor, against receipt of an absolute
                transfer of clear and unencumbered title to the interest of the Optionor
                being sold, the total purchase price which is specified in its notice
                to
                the Optionor and such amount shall be credited to the amount determined
                following arbitration of the cash equivalent of any non-cash
                consideration.

         

        	(d)  	
                If
                  the Optionee fails to notify the Optionor before the expiration
                  of the
                  time limit that it will purchase the interest offered, the Optionor
                  may
                  sell and transfer such interest to the Proposed
                  Purchaser at the price and on the terms and conditions specified
                  in the
                  Offer for a
                  period of 60 days, but the terms of this paragraph shall again
                  apply to
                  such interest if the
                  sale to the Proposed Purchaser is not completed within such 60
                  days.

              

        

        	(e)  	
                Any
                  sale hereunder shall be conditional upon the Proposed Purchaser
                  delivering
                  a written undertaking to the Optionee, in form and substance satisfactory
                  to its counsel, to be bound by the terms and conditions of this
                  Agreement.

              

        

        13.      
          SURRENDER
          OF PROPERTY INTERESTS PRIOR TO TERMINATION OF AGREEMENT

            The
          Optionee
          may at any time during the Option Period elect to abandon any one or more
          of the
          mineral claims comprised in the Property by giving notice to the Optionor
          of
          such intention. Any claims
          so
          abandoned shall be in good standing under the Mineral
          Tenure Act (British
          Columbia) for at least
          seven years from the date of abandonment. Upon any such abandonment, the
          mineral
          claims so
          abandoned shall for all purposes of this Agreement cease to form part of
          the
          Property.

         

        14.      
          FORCE
          MAJEURE

        14.1    
          If
          the
          Optionee is at any time either during the Option Period or thereafter prevented
          or delayed in complying with any provision of this Agreement by reason
          of
          strikes, lock-outs, labour shortages, power shortages, fuel shortages,
          fires,
          wars, acts of God, governmenta regulations restricting normal operations,
          shipping delays or any other reason or reasons, other than lack of funds,
          beyond the control of the Optionee, the time limited for the performance
          by the
          Optionee of its obligations
          hereunder shall be extended by a period of time equal in length to the
          period of
          each such
          prevention or delay, but nothing herein shall discharge the Optionee from
          its
          obligations hereunder Paragraph 11, and to maintain the Property in good
          standing.

         

        
          
            
            

          

          
            9

            
              

            

          

          
            
            

          

        

         

        14.2    
          The Optionee shall give prompt notice to the Optionor of each event of
          force
          majeure and upon cessation of such event shall furnish to the Optionor
          with
          notice to that effect together with particulars of the number of days by
          which
          the obligations of the Optionee hereunder have been extended by virtue
          of such
          event of force majeure and all preceding events of force majeure.

         

        15.      
          CONFIDENTAL
          INFORMATION

        No
          information furnished by the Optionee to the Optionor hereunder in respect
          of
          the activities carried out on the Property by the Optionee, or related
          to the
          sale of minerals, ore, bullion or other product derived from the Property,
          shall
          be published or disclosed by the Optionor without the prior written consent
          of
          the Optionee, but such consent in respect of the reporting of factual data
          shall
          not be unreasonably withheld, and shall not be withheld in respect of
          information required to be publicly disclosed pursuant to applicable securities
          or corporation laws, regulations or policies.

         

        16.      
          ARBITRATION

            All
          questions
          or matters in dispute under this Agreement shall be submitted to arbitration
          pursuant to the terms hereof.

        

        	(a)  	
                It
                  shall be a condition precedent to the right of any party to submit
                  any
                  matter to arbitration pursuant to the provisions hereof, that any
                  party
                  intending to refer any matter to arbitration shall have given not
                  less
                  than 10 days' prior notice of its intention to do so to the other
                  party,
                  together with particulars of the matter in dispute. On the expiration
                  of
                  such 10 days, the party who gave such notice may proceed to refer
                  the
                  dispute to arbitration as provided in paragraph
                  (c)

              

        	(b)  	The party desiring arbitration shall appoint one
                arbitrator, and shall notify the other party

        	(c)  	
                of
                  such appointment, and the other party shall, within 15 days after
                  receiving such notice, either consent to the appointment of such
                  arbitrator which shall then carry out the arbitration
                  or appoint an arbitrator, and the two arbitrators so named, before
                  proceeding to
                  act, shall, within 30 days of the appointment of the last appointed
                  arbitrator, unanimously agree on the appointment of a third arbitrator
                  to
                  act with them and be chairman of the arbitration herein provided
                  for. If
                  the other party shall fail to appoint an arbitrator within 15days
                  after
                  receiving notice of the appointment of the first arbitrator, the
                  first
                  arbitrator shall
                  be the only arbitrator. If the two arbitrators appointed by the
                  parties
                  shall be unable to
                  agree on the appointment of the chairman, the chairman shall be
                  appointed
                  under the provisions of the
                  Commercial Arbitration Act
                  of
                  British Columbia. Except as specifically otherwise provided in
                  this
                  section, the arbitration herein provided for shall be conducted
                  in
                  accordance with such Act. The chairman, or in the case where only
                  one
                  arbitrator is appointed, the single arbitrator, shall fix a time
                  and place
                  in Vancouver, British Columbia,

              

         

        
          
            
            

          

          
            10

            
              

            

          

          
            
            

          

        

         

        	 	for the purpose of hearing the evidence and
                representations of the parties, and he shall preside over the arbitration
                and determine all questions and procedure not provided for under
                such Act
                or this section. After hearing any evidence and representations that
                the
                parties
                may submit, the single arbitrator, or the arbitrators, as the case
                may be,
                shall make
                an
                award and reduce the same to writing, and deliver one copy thereof
                to each
                of the parties. The expense of the arbitration shall be paid as specified
                in the award.

        	(d)  	The parties agree that the award of a majority
                of the
                arbitrators, or in the case of a single
                arbitrator, of such arbitrator, shall be final and binding upon each
                of
                them.

         

        17.      
          DEFAULT
          AND TERMINATION

        17.1    
          Notwithstanding
          section 2, if at any time during the Option Period the Optionee fails to
          perform
          any
          obligation required to be performed hereunder or is in breach of a warranty
          given herein, which failure or breach materially interferes with the
          implementation of this Agreement, the Optionor may terminate this Agreement,
          but
          only if:

        
          	(a)  	it
                  shall have first given to the Optionee a notice of default containing
                  particulars of the obligation
                  which the Optionee has not performed, or the warranty breached;
                  and

          	(b)  	the Optionee has not, within 45 days following
                  delivery
                  of such notice of default, cured such
                  default or commenced proceedings to cure such default by appropriate
                  payment or performance,
                  the Optionee hereby agreeing that should it so commence to cure
                  any
                  default
                  it will prosecute the same to completion without undue
                  delay.

        

           

        17.2    
          Should
          the Optionee fail to comply with the provision of subparagraph (b), the
          Optionor
          may
          thereafter terminate this Agreement by giving notice thereof to the
          Optionee.

         

        18.      
          NOTICES

            Each
          notice,
          demand or other communication required or permitted to be given under this
          Agreement shall be in writing and shall be delivered, telegraphed or telecopied
          to such party at the address for such party specified above. The date of
          receipt
          of such notice, demand or other communication
          shall be the date of delivery thereof if delivered or telegraphed or, if
          given
          by telecopier, shall
          be
          deemed conclusively to be the next business day. Either party may at any
          time
          and from time
          to time
          notify the other party in writing of a change of address and the new address
          to
          which notice shall be given to it thereafter until further change.

         

        19.      
          GENERAL

        19.1    
          This
          Agreement constitutes the entire agreement between the parties and supersedes
          and replaces
          any other prior agreement or arrangement, whether oral or written, heretofore
          existing
          between
          the parties in respect of the subject matter of this Agreement.

         

        
          
            
            

          

          
            11

            
              

            

          

          
            
            

          

        

         

        19.2    
          No consent or waiver expressed or implied by either party in respect of
          any
          breach or default by the other in the performance by such other of its
          obligations hereunder shall be deemed or construed to be a consent to or
          a
          waiver of any other breach or default.

        

        19.3    
          The parties shall promptly execute or cause to be executed all documents,
          deeds,
          conveyances and other instruments or further assurance and do such further
          and
          other acts which may
          be
          reasonably necessary or advisably to carry out fully the intent of this
          Agreement or to record
          wherever
          appropriate the respective interests from time to time of the parties in
          the
          Property.

        

        19.4    
          This Agreement shall inure to the benefit of and be binding upon the parties
          and
          their respective successors and permitted assigns.

        

        19.5    
          This Agreement shall be governed by and construed in accordance with the
          laws of
          British Columbia.

        

        19.6    
          Time shall be of the essence in this Agreement.

        

        19.7    
          Wherever the neuter and singular is used in this Agreement it shall be
          deemed to
          include the plural, masculine and feminine, as the case may be.

        

        19.8    
          Any reference in this Agreement to currency shall be deemed to be United
          States
          of America
          dollars.

         

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

        

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

         

         

        
          	
                  SIGNED, SEALED AND DELIVERED

                  BY

                  in the presence of:

                
	
                   

                   

                   

                
	
                  ___________________________

                  Signature

                
	
                  Locke B. Goldsmith

                  Name

                
	
                  502-543 Granville Street, Vancouver,
                    BC
                    V6C1X:

                  Address

                
	
                   

                
	
                  SIGNED, SEALED AND DELIVERED

                  BY THE AUTHORIZED SIGNATORIES 

                  OF:  Cody Resources, Inc.

                
	
                   

                  _______________________

                  Authorized Signatory 

                
	
                   

                  _______________________

                  Authorized
                    Signatory

                

        

         

        
          
            
            

          

          
            13

            
              

            

          

          
            
            

          

           

          SCHEDULE
            "A"

           

          The
            Vulture mineral claims located within the Slocan Mining Division of British
            Columbia:

           

        

        
          	
                  CLAIM
                    NAME

                	
                  TENURE
                    NUMBER

                	
                  NUMBER
                    OF UNITS

                	
                  EXPIRY DATE

                
	
                  Vulture

                	
                  256946

                	
                  1

                	
                  Sept
                    26, 2013

                
	
                  Vulture
                    Fr.

                	
                  256329

                	
                  1

                	
                  Nov.
                    16, 2012

                
	
                  Vult

                	
                  256330

                	
                  1

                	
                  Sept
                    26, 2013

                
	
                  Empire
                    No. 5

                	
                  255924

                	
                  1

                	
                  Sept
                    26, 2013Exhibit 4.1

    EXHIBIT
      4.1

    

    PAR
      VALUE
      $0.0001

    
      
        	
                CERTIFICATE
                  NUMBER

              	
                NUMBER
                  OF SHARES

              

      

    

     

    

    ENVIROSAFE

    

    INCORPORATED
      UNDER THE LAWS OF THE STATE OF DELAWARE

     

    

      
        	
                COMMON
                  STOCK

              	
                CUSIP
                  NUMBER  29409T 10 2

              

      

    

    This
      certifies that ________________________ is the owner of ____________________
      Fully Paid and Non-Assessable Shares of Common Stock Par Value $0.0001 Per
      Share, of Envirosafe, Inc. transferable only on the books of the Corporation
      by
      the holder hereof in person or by duly authorized attorney upon surrender of
      this certificate properly endorsed. This Certificate is not valid unless
      countersigned and registered by the Transfer Agent and Registrar.

    

    Witness
      the facsimile seal of the corporation and the facsimile signatures of its duly
      authorized officers.

    

    Date

    

    [CORPORATE
      SEAL]

    

    

    
      	
              ____________________________

            	
              ____________________________

            
	
              President

            	
              Secretary

            

    

    

    

    COUNTERSIGNED:

    

    

    ____________________________

    Transfer
      Agent and Registrar

    

    

    Attest:_______________________

    Authorized
      Signature

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]