Document:

Unassociated Document

FOR SETTLEMENT PURPOSES ONLY

 

AGREEMENT

 

AGREEMENT made as of this 25 day of June, 2011, by and between Leslie Lucas, Partners (“Leslie Lucas”), LLC, 216 Starlight Lane, Royse City, Texas 75189, Shea Mining & Milling (“Shea”), LLC, 216 Starlight Lane, Royse City, Texas 75189, and Midwest Investment Partners, LLC (“Midwest”), 618 North Burkhardt Road, Evansville, Indiana 47715 and Harvest Holding Company, LLC (“Harvest”), 618 North Burkhardt Road, Evansville, Indiana 47715.

 

WHEREAS, certain disputes arose by and between Shea and Leslie Lucas on the one hand and Midwest and Harvest on the other, in connection with the sale by Shea of certain assets in exchange for shares of Standard Gold, Inc.

 

WHEREAS, the parties are desirous to resolve all disputes by and between them;

 

NOW, THEREFORE, in consideration of the mutual promises of the parities as described below and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties agrees as follows:

 

1.      Leslie Lucas will transfer 8,500,000 shares of Standard Gold to “Harvest Holding /Midwest”, subject to the terms and conditions set forth below. The transfer of said shares is subject to an opinion of counsel and all appropriate regulatory filings of Standard Gold.  Leslie Lucas will effectuate and file all necessary paperwork with Standard Gold and all regulatory bodies to affect said transfer as expeditiously as possible.

 

2.      It is understood that the shares of Standard Gold held by Leslie Lucas are subject to certain restrictions.

 

3.      Shea agrees to file as soon as practicable all appropriate and necessary accounting statements and tax filings according to GAAP so it can dissolve its business and be in compliance with all Federal and State tax and corporate law.  Shea will complete its record keeping and accounting from its inception through the date of the execution of the Standard Gold transaction.  All un-allocated tax loss not used by Shea Mining and Milling LLC for the Standard Gold transaction will be allocated to Midwest or Harvest respectively. Shea and/ or Leslie Lucas will fill out and execute all necessary documents so that this tax loss can be allocated to Midwest and/or Harvest.

 

4.      The parties hereby mutually release and forever discharge each other and their respective affiliated entities, consultants and agents and their respective officers, directors, members, partners, parents, subsidiaries, trustees, administrators, executors, agents, employees, former employees, representatives, predecessors, successors and assigns from all actions, causes of action, suits, debts, damages, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, bonuses, controversies, agreements, promises, variances, trespasses, judgments, obligations, grievances, claims, charges, warranties, extents, executions, complaints, and demands whatsoever, in law or in equity, known or unknown, which each party ever had, now have or hereafter can, shall or may have, for, upon, or by reason of any matter, cause or thing whatsoever from the beginning of the world to the day of the date of this Agreement.

 

5.      Midwest and Harvest, jointly and severally, agree to indemnify and hold harmless Leslie Lucas LLC and Shea Mining & Milling LLC, and their members, agents, representatives and affiliates (including legal fees) from any claim by any shareholders, members or other party having an interest in Midwest and/or Harvest.

 

  

  

  

 

6.      Midwest and Harvest hereby agree not to make any claim, of any nature whatsoever, in the future against Shea Mining & Milling LLC, Leslie Lucas Partners LLC, Chris Boll, Frank Dasaro, Richard Mittasch, and/or their members, agents and/ or representatives.

 

7.      Shea and Leslie Lucas, jointly and severally, agree to indemnify and hold harmless Midwest and Harvest, and their members, agents, representatives and affiliates (including legal fees) from any claim(s) by: Timothy L. Hintz, Private Equity, Williamson General Contractors, Inc., and R & S Fabrication, Inc.

 

Midwest agrees to provide no safe haven to and share no information regarding any and all business and/or agreements Midwest has entered into with Leslie Lucas Partners LLC or Shea Mining & Milling LLC, with Gregerson Investments, Timothy Hintz, Private Equity, Williamson General Contractors, Inc, and R & S Fabrication Inc.

 

8.           The parties hereby agree to keep the terms of the settlement agreement confidential except that the terms may be disclosed to Standard Gold, governmental and financial entities as needed in the normal course of business.

 

9.           Midwest and Harvest will indemnify and hold harmless Shea Mining & Milling LLC, Leslie Lucas Partners LLC, and their members, agents, officers, directors, representatives and affiliates (including legal fees) against any third party’s claim against Midwest/Harvest’s ownership of Shea Milling & Mining, and any third party’s claim against Midwest or Harvest’s that may arise out of the Release and Settlement agreement executed Nov, 2009 attached Exhibit (A)

 

10.           This agreement supersedes all prior agreements, written or oral, previously made between the parties and/ or their predecessors in interest.  There are no other understandings or agreements between the parties.

 

11.           Applicable Law.  This Agreement shall, in all respects, be governed by the laws of the State of Nevada and the parties agree that the sole jurisdiction and venue to litigate disputes that may arise under terms of this Agreement shall be solely and exclusively litigated in Federal and State Courts located in Clark County, Nevada.  The Federal and State Courts located m Clark County, Nevada shall have sole and exclusive jurisdiction over all claims, assertions and causes of action to be filed by any party to this Agreement.

 

12.           Severability.  If for any reason a court of competent jurisdiction finds any provision of this Agreement to be unenforceable, that provision of this Agreement will be enforced to the maximum extent permissible so as to effectuate the intent of the parties, and the remainder of this Agreement will continue in full force and effect.

 

13.           Interpretation.  This Agreement has been negotiated at arm’s length and between persons (or their representatives) sophisticated and knowledgeable in all matters dealt with in this Agreement.  No provision of this Agreement shall be interpreted against any Party by virtue that the party drafted such provision.

 

14.           Entire Agreement.  This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes any and all other written or oral negotiations, understandings or agreements among the parties with respect to the rights and obligations assumed herein and contains all of the covenants and agreements among the parties with respect to such rights and obligations.

 

  

  

  

 

15.           Successors and Assigns.  No Party may assign his or its rights or delegate his or its obligations under this Agreement, in whole or in part.  Except for the foregoing, each of the terms and provisions contained herein shall inure to the benefit of and shall be binding upon the parties hereto and their respective heirs, personal representatives, successors and assigns.

 

16.           Modifications or Amendment.  No amendment, change or modification of this Agreement shall be valid unless in writing, stating that it amends or modifies this Agreement, and signed by each of the Parties hereto.

 

17.           Counterparts.  This Agreement may be executed in two (2) or more separate counterparts, each of which, when so executed, shall be deemed to be an original.  Fax and digital signatures shall be deemed to be originals.

 

18.           Authorization to Enter into this Agreement.  Each party warrants that it is authorized to enter into the Agreement, that the person signing on its behalf is duly authorized to execute this Agreement, and that no other signatures are necessary.

 

	
LESLIE LUCAS PARTNERS, LLC

	
SHEA MINING & MILLING, LLC

	  	  	 	  	  	 
	
By:

	
/s/ Chris Boll

	 	
By:

	
/s/ Chris Boll

	 
	  	  	 	  	  	 
	
HARVEST HOLDING COMPANY, LLC

	
MIDWEST INVESTMENT PARTNERS, LLC

	  	  	 	  	  	 
	
By:

	
/s/ Blair Mielke

	 	
By:

	
/s/ Frederick ShultzUnassociated Document

Exhibit 10.2

 

I, Albert A. Rapetti, for consideration, hereby acknowledge as given and received, hereby transfer all voting rights and proxy to 17,500,000 Standard Gold shares I received personally on March 15, 2011, as described in the SEC filing 13D filed by me and dated March 31 2011, to Blair Mielke, this 31st day of August, 2011.Unassociated Document

Exhibit 4.1

PROMISSORY NOTE

	
$12,500.00

	
May 25, 2011

FOR VALUE RECEIVED, and intending to be legally bound, Plastron Acquisition Corp. III, a Delaware corporation with an address at c/o Michael Rapp, 712 Fifth Avenue, New York, New York 10019 (the “Maker”), hereby unconditionally and irrevocably promises to pay to the order of Broadband Capital Management LLC with an address at 712 Fifth Avenue, New York, New York 10019 (the “Payee”), in lawful money of the United States of America, the sum of twelve thousand five hundred dollars ($12,500.00) on or before the earlier of (i) December 31, 2016 or (ii) the date that the Maker (or a wholly owned subsidiary of the Maker) consummates a business combination with a private company in a reverse merger or reverse takeover transaction or other transaction after which the company would cease to be a shell company (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) (the “Maturity Date”).

Interest shall accrue on the outstanding principal balance of this Promissory Note on the basis of a 360-day year from the date the Maker receives the funds from the Payee until paid in full at the rate of four percent (4%) annum, and shall be due and payable at the Maturity Date, or the prepayment date, if any, whichever is earlier. This Promissory Note may be prepaid in whole or in part at any time or from time to time prior to the Maturity Date.

   

For purposes of this Promissory Note, an "Event of Default" shall occur if the Maker shall: (i) fail to pay the entire principal amount of this Promissory Note when due and payable, (ii) admit in writing its inability to pay any of its monetary obligations under this Promissory Note, (iii) make a general assignment of its assets for the benefit of creditors, or (iv) allow any proceeding to be instituted by or against it seeking relief from or by creditors, including, without limitation, any bankruptcy proceedings.

In the event that an Event of Default has occurred, the Payee or any other holder of this Promissory Note may, by notice to the Maker, declare this entire Promissory Note to be forthwith immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Maker.  In the event that an Event of Default consisting of a voluntary or involuntary bankruptcy filing has occurred, then this entire Promissory Note shall automatically become due and payable without any notice or other action by Payee.  Commencing five days after the occurrence of any Event of Default, the interest rate on this Note shall accrue at the rate of 18% per annum.

The nonexercise or delay by the Payee or any other holder of this Promissory Note of any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any subsequent instance.  No waiver of any right shall be effective unless in writing signed by the Payee, and no waiver on one or more occasions shall be conclusive as a bar to or waiver of any right on any other occasion.

  

  

  

 

Should any part of the indebtedness evidenced hereby be collected by law or through an attorney-at-law, the Payee or any other holder of this Promissory Note shall, if permitted by applicable law, be entitled to collect from the Maker all reasonable costs of collection, including, without limitation, attorneys’ fees.

All notices and other communications must be in writing to the address of the party set forth in the first paragraph hereof and shall be deemed to have been received when delivered personally (which shall include via an overnight courier service) or, if mailed, three (3) business days after having been mailed by registered or certified mail, return receipt requested, postage prepaid. The parties may designate by notice to each other any new address for the purpose of this Promissory Note.

Maker hereby forever waives presentment, demand, presentment for payment, protest, notice of protest, and notice of dishonor of this Promissory Note and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Promissory Note.

This Promissory Note shall be binding upon the successors and assigns of the Maker, and shall be binding upon, and inure to the benefit of, the successors and assigns of the Payee.

This Promissory Note shall be governed by and construed in accordance with the internal laws of the State of New York.  All disputes between the Maker and the Payee relating in any way to this Promissory Note shall be resolved only by state and federal courts located in New York County, New York, and the courts to which an appeal therefrom may be taken.

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IN WITNESS WHEREOF, the undersigned Maker has executed this Promissory Note as of May 25, 2011.

	  	
MAKER:

	  	  
	  	
PLASTRON ACQUISITION CORP. III

	  	  
	  	  
	  	
By:  /s/ Michael Rapp                                 

	  	
Michael Rapp

	  	
President

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