Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - North American General Resources Corporation - Exhibit 10.1

  March 1, 2004  

RJ 1 PROPERTY OPTION AGREEMENT

BETWEEN

4763 NWT LTD. 

AND

NORTH AMERICAN GENERAL RESOURCES CORPORATION 

 TABLE OF CONTENTS 

	1.	 	DEFINITIONS	2	 
	 	 	 	 	 
	2.	 	OPTION	3	 
	 	 	 	 	 
	3.	 	TITLE	4	 
	 	 	 	 	 
	4.	 	GROSS OVERRIDING ROYALTY	5	 
	 	 	 	 	 
	5.	 	EARN-IN OBLIGATIONS	5	 
	 	 	 	 	 
	6.	 	ACCELERATION, FORCE MAJEURE	6	 
	 	 	 	 	 
	7.	 	PERFORMANCE OF WORK	6	 
	 	 	 	 	 
	8.	 	VESTING OF INTEREST	7	 
	 	 	 	 	 
	9.	 	TERMINATION	7	 
	 	 	 	 	 
	10.	 	RESTRICTION ON ASSIGNMENT	8	 
	 	 	 	 	 
	11.	 	NOTICES	9	 
	 	 	 	 	 
	12.	 	REPRESENTATIONS AND WARRANTIES	9	 
	 	 	 	 	 
	13.	 	CONFIDENTIALITY	11	 
	 	 	 	 	 
	14.	 	MISCELLANEOUS	12	 

	SCHEDULE A	PROPERTY
	 	 
	SCHEDULE B	GROSS OVERRIDING ROYALTY
	 	 
	SCHEDULE C	JOINT VENTURE AGREEMENT

  RJ 1 PROPERTY OPTION AGREEMENT 

THIS AGREEMENT is made the 1st day of March, 2004.

 BETWEEN:

  4763 NWT LTD., a company incorporated under the laws
    of the Northwest Territories 

  (hereinafter called the “Optionor”) 

 AND:

NORTH AMERICAN GENERAL RESOURCES CORP.,
  a Company incorporated under the laws of British Columbia
   (hereinafter called “NAGR”) 

 THIS AGREEMENT WITNESSES that in consideration of the sum
  of $10 now paid by NAGR to the Optionor (the receipt and sufficiency
  of which is hereby acknowledged) and the covenants and agreements hereinafter
  set forth, the parties hereto agree as follows: 

	 	1.         
        DEFINITIONS 

       1.1        “Affiliate”
        means a corporation which directly or indirectly controls, or is controlled
        by or is under common control with, a party. The term “control”
        as used herein means the rights to the exercise of, directly or indirectly,
        more than 50% of the voting rights attributable to the shares of the controlled
        company. 

       1.2        “Expenditures”
        means without duplication all direct and indirect expenses of or incidental
        to Operations after March 1, 2004 together with any and all costs, fees
        and expenses which may be paid to obtain feasibility, engineering or other
        studies or reports on or with respect to the Property or any part of it.
        For greater certainty, the costs, fees and expenses of recording work
        for assessment credit under applicable legislation are included in Expenditures.
        There shall be added to and included in “Expenditures” reasonable
        charges by NAGR for services provided in connection with Operations
        by geologists or others in the employment of NAGR and reasonable
        charges for machinery, tools, equipment and camp facilities owned by NAGR
        and used or employed in Operations. There shall be added to and included
        in “Expenditures” a charge for NAGR’s 

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	 	administrative expenses equal to 10% of all direct
        and indirect expenses and charges. 

       1.3        “Force
        Majeure” means any cause beyond NAGR’s reasonable control,
        including law or regulation, action or inaction of civil or military authority,
        interference by Natives, Native rights groups, environmentalists or other
        activists, inability to obtain any licence, permit or other authorization
        that may be required, unusually severe weather, fire, explosion, flood,
        insurrection, riot, labour dispute, inability after diligent effort to
        obtain workmen or material, delay in transportation and acts of God, but
        not including lack of funds. 

       1.4        “GOR”
        or Gross Overriding Royalty” means the royalty in favour of the Optionor
        described in Section 4.1, in the form attached hereto as Schedule B. 

       1.5        “Operations”
        includes any and every kind of work which NAGR in its sole discretion
        elects to do or to have done on or in respect of the Property or the products
        derived therefrom and all expenditures in respect of or incidental to
        such work. 

       1.6        “Property”
        means the mining claims described in Schedule A to this Agreement, and
        all rights, licences and permits incidental or ancillary thereto and any
        substitutions or replacements therefor including any mining leases that
        may replace such mining claims, all of which are located in the District
        of Mackenzie, Northwest Territories, Canada. 

       1.7        “$”
        means Canadian dollars. 

       1.8        Attached
        to and forming part of this Agreement are the following Schedules: 

	 	Schedule A -	Property
	 	Schedule B -	Gross Overriding Royalty
	 	Schedule C -	Joint Venture Agreement

	 	2.           OPTION
      

       2.1        The Optionor
        hereby grants to NAGR the sole and exclusive right and option (the
        “Option”) exercisable in the manner described in Section 8,
        to acquire a 70% undivided interest in the Property, free and clear of
        all liens, charges, encumbrances, security interests and adverse claims
        except for the GOR, and any Aboriginal rights or interests, all of which
        shall be borne by the Optionor and NAGR in proportion to their
        respective Participating Interests from time to time under the Joint Venture
        Agreement. 

       2.2        The Optionor
        hereby grants to NAGR, its servants, agents and independent contractors,
        the sole and exclusive right and option to: 

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	 	 	2.2.1        enter
        upon and have immediate possession of the Property; 

       2.2.2        carry
        out Operations on the Property as NAGR may in its sole discretion
        determine; 

       2.2.3        bring
        and install on the Property and remove from time to time such buildings,
        plant, machinery, equipment, tools, appliances and supplies as NAGR
        may deem necessary; and 

       2.2.4        remove
        from the Property reasonable quantities of rocks, ores, minerals and metals
        and to transport the same for the purpose of sampling, testing and assaying.
      

       2.2.5        NAGR
        will be the exclusive operator of the Property as provided in this Agreement;
        and 

	 	 	 
	 	2.3       
        Any diamonds and samples from the Property may be used by NAGR
        for exploration, development and valuation purposes. If NAGR does
        not exercise the Option, any diamonds taken from samples from the Property
        that have not been destroyed by processing or testing will be returned
        to the Optionor. 

       3.           TITLE
      

       3.1        The Optionor
        shall hold the Property in trust for the parties in accordance with their
        respective interests therein and subject to the terms of this Agreement.
      

       3.2        If the
        Optionor’s title to the Property is now or at any time hereafter
        deficient, defective or encumbered in any way other than as provided by
        Section 2.1 then, without limiting NAGR’s rights and remedies
        provided hereunder or by law, such deficiency, defect or encumbrance may
        be remedied or removed by NAGR in which event the cost and related
        expenses thereof may at NAGR’s option be deducted from any
        amounts or payments which may be or become due or payable to the Optionor
        hereunder or may be credited against the Expenditures contemplated by
        Section 5.1. 

       3.3        NAGR
        may at any time and from time to time during the currency of the Option
        abandon, surrender, allow to lapse, reduce the area of or otherwise deal
        with any part or parts of the Property as it may determine, provided that
        NAGR shall give to the Optionor not less than 90 days’ notice
        of its intention to do so and shall ensure that the mining claims then
        comprised in the Property shall be in good standing for 180 days at a
        minimum, commencing at the expiry of the 90 day notice period. If requested
        by the Optionor by notice to NAGR within that period of time, NAGR
        shall deliver forthwith to the Optionor duly executed transfers of the
        part or parts of the Property so intended to be dealt with. Any part or
        parts of the Property so dealt with shall cease to be included in the
        Property and shall cease to be subject to this Agreement for all purposes.
      

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	 	3.4       
        NAGR shall: 

	 	 	 
	 	 	3.4.1        record
        for assessment credit under the Canada Mining Regulations sufficient work
        to maintain the Property in good standing until at least 180 days subsequent
        to notice of termination of the Option as provided in Section 9 of this
        Agreement; and 

       3.4.2        subject
        to section 3.3 keep the Property free of all liens and encumbrances arising
        out of Operations on the Property. 

	 	 	 
	 	4.       
        GROSS OVERRIDING ROYALTY  

       4.1        In addition
        to the consideration provided in Section 5.1, the Optionor reserves for
        itself and shall be entitled to receive a gross overriding royalty equal
        to 2.5% of all products mined and removed from the Property, to be calculated
        and paid in accordance with Schedule B to this Agreement. At the discretion
        of NAGR, it may buy down 1% of the Gross Overriding Royalty for $2.5 million,
        leaving a 1.5% Gross Overriding Royalty to the Optionor. 

       5.        EARN-IN
        OBLIGATIONS  

       5.1        NWT, in
        consideration of the sum of $10, the receipt and sufficiency of which
        is hereby acknowledged, hereby grants to the Optionors the exclusive right
        and option (the Option") to acquire a 70% undivided interest in and to
        the Property in consideration of: 

       5.2        In order
        to exercise the Option as to an undivided 70% interest in consideration
        of exploration and mining rights to the Property NAGR must: 

	 	 	 
	 	 	5.2.1        pay
        the sum of $2000.00 to the Optionor on or before March 1 2004; 

       5.2.2        pay
        the sum of $3,000.00 to the Optionor on or before April 30, 2004; 

       5.2.3        incur,
        as operator, Expenditures on the Property totalling $4000.00 per year
        for four years after the date of this Agreement; and 

       5.2.4        issue
        to the Optionor 20,000 common shares of NAGR on signing of this
        Agreement; all such shares to be subject to such restrictions as to their
        transferability by the Optionor as may be applicable. 

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	 	6.        ACCELERATION,
        FORCE MAJEURE 

       6.1        NAGR
        may accelerate any or all of the activities, Expenditures or share issuances
        contemplated by Sections 5.2. NAGR may at any time from time to
        time pay to the Optionor money in lieu of conducting activities, issuing
        shares or incurring Expenditures under Section 5.2 in which event NAGR
        shall be deemed to have incurred additional Expenditures in the same amount
        as the amount of any such activity or payment and in satisfaction of such
        of the provisions of Section 5.2 as indicated by NAGR at the time
        of the making of such payment. Any excess payments or Expenditures made
        or incurred in any period will be carried forward and applied as a credit
        against the payment or Expenditures, as the case may be, to be made in
        the next succeeding period or periods. 

       6.2        If from
        time to time NAGR is prevented by Force Majeure from conducting
        activities or incurring Expenditures in the amounts and times provided
        in Section 5.1 then NAGR shall have such additional time as is
        reasonable in the circumstances to conduct activities, issue shares or
        incur Expenditures in such amounts and times, the amount of such additional
        time not to exceed the duration of the Force Majeure. 

       7.        PERFORMANCE
        OF WORK 

       7.1        In exercising
        its rights under Section 2.2 NAGR shall comply with all applicable
        laws, rules and regulations and shall carry out Operations in a good and
        workmanlike manner in accordance with generally accepted mining practice.
      

       7.2        NAGR
        shall indemnify and save harmless the Optionor and its officers, directors,
        employees, agents and representatives from and against any and all claims,
        debts, demands, suits, actions and causes of action whatsoever which may
        be brought or made against the Optionor and its officers, directors, employees,
        agents and representatives by any person, firm or corporation and all
        loss, cost, damages, expenses and liabilities which may be suffered or
        incurred by the Optionor and its officers, directors, employees, agents
        and representatives arising out of or in connection with or in any way
        referable to, whether directly or indirectly, the entry on, presence on,
        or activities on the Property or the approaches thereto by NAGR
        or its servants or agents including without limitation bodily injuries
        or death at any time resulting therefrom or damage to property, unless
        and to the extent due to the acts or omissions of the Optionor or its
        servants, agents or representatives. 

       7.3        The Optionor
        shall at all reasonable times have access to the Property on reasonable
        notice to NAGR, provided that the Optionor shall not interfere
        with NAGR’s operations hereunder and that NAGR shall
        be under no liability to the Optionor for any personal injuries including
        death or for any damage to the property of the Optionor unless such injury
        or damage is due to the gross 

6 

 

	 	negligence or wilful default of NAGR, its servants,
        agents or representatives. The Optionor shall have access to all technical
        data pertaining to the property. 

       7.4        NAGR
        will provide to the Optionor quarterly reports showing in reasonable detail
        the work performed in connection with the Property, the results obtained
        and the Expenditures incurred. NAGR will provide a summary report
        of all such activities annually within 60 days of the conclusion of each
        program of work. NAGR will not be required to disclose or report
        information or data that pertains to mining claims that do not form part
        of the Property. 

       8.        VESTING
        OF INTEREST 

       8.1        Upon NAGR
        satisfying the conditions in Section 5.2 and giving notice to the Optionor,
        NAGR shall without any further payment or action be deemed to have
        exercised the Option and it will thereupon acquire and be deemed to have
        acquired and be vested with a 70% undivided right, title and interest
        in the Property free and clear of all liens, charges, encumbrances, security
        interests and adverse claims, except as provided in Section 2.1. 

       8.2        Upon receipt
        of notice from NAGR stating that NAGR has incurred Exploration Expenditures
        required per section 5.2.2 of this agreement and delivering the shares
        to NWT as required by article 5.2.3 their future relationship shall be
        governed by a Joint Venture Agreement among the parties, as attached hereto
        as Schedule “C”, which shall come into effect without it having
        been executed by any party. The joint venture shall be determined mutually
        by both parties at a future date. A principal element of the Joint Venture
        Agreement will be that once the Joint Venture is achieved then the parties
        will participate in future expenditures on the property proportional to
        each party’s interest. 

       8.3        Once the
        Joint Venture is in effect, if 4763 NWT Ltd chooses not to participate
        in proposed programs under the Joint Venture Agreement, they will dilute
        and once diluted to 10% or less they will revert to a 2.5% G.O.R. 

       8.4        The dilution
        formula in the Joint Venture Agreement, to be detailed in Schedule “C”,
        will be based on the expenditure of approximately $16,000.00. 

       9.        TERMINATION
      

       9.1        The parties
        acknowledge and agree that NAGR has the right and option but not
        the obligation to conduct the activity and incur the Expenditures referred
        to in Section 5.2 and neither anything which NAGR might do nor
        any payment which it makes or Expenditure which it incurs will obligate
        it to do anything more or to incur any further Expenditures. 

       9.2        Subject
        to Section 9.1, NAGR may at any time let the Option lapse by notice
        to the Optionor or by not satisfying any of the conditions referred to
        in 

 7 

 

	 	Section 5.1 whereupon this
        Agreement except Sections 3.3 and 9.3 shall terminate. 

       9.3        If this
        Agreement is terminated pursuant to Section 9.2 before NAGR has
        exercised the Option as described in Section 5.2, NAGR shall: 

	 	 	 
	 	 	9.3.1        within
        180 days remove from the Property any machinery, buildings, structures,
        facilities, equipment and all other property of every nature and description
        erected, placed or situated thereon by NAGR; any property not so
        removed at the end of the 180 day period shall at the option of the Optionor
        become the property of the Optionor; and 

       9.3.2        within
        the said 180 days leave the working and camp site in a clean and environmentally
        acceptable condition. 

	 	 	 
	 	9.4       
        If NAGR is prevented from or delayed in performing its obligations
        in Subsections 9.3.1or 9.3.2 by Force Majeure, the relevant period of
        180 days referred to therein shall be extended by the period of Force
        Majeure. 

       10.        RESTRICTION
        ON ASSIGNMENT 

       10.1        Neither
        party shall sell, assign, transfer, convey or otherwise dispose of or
        deal with or agree to sell, assign, transfer, convey or otherwise dispose
        of or deal with its rights and interests in or with respect to the Property
        or under or by virtue of this Agreement in whole or in part without the
        prior written consent of the other party, not to be unreasonably withheld.
      

       10.2        A party
        shall have the right without restriction under Section 10.1 to assign,
        transfer, convey or otherwise dispose of all its rights and interests
        to an Affiliate of such party. 

       10.3        In the
        event of an assignment, conveyance, transfer or other disposition as contemplated
        in Section 10.2, the party making the same shall not be relieved or discharged
        of any of its obligations or liabilities hereunder, and the other party
        may continue to look to it for the performance thereof. 

       10.4        A party
        transferring its rights and interests as permitted hereby shall require
        any transferee to execute a counterpart of this Agreement and thereby
        to agree to be bound by the terms hereof in the same manner and to the
        same extent as though a party hereto in the first instance, all without
        in any way derogating from the provisions of Section 10.3. 

8 

 

	 	11.       
        NOTICES 

       11.1        All notices,
        payments and other required communications (“Notices”) to one
        of NAGR or the Optionor by the other shall be in writing and shall
        be addressed respectively as follows: 

       If to NAGR: 

       80-8190 King George Highway 

        Surrey, B. C. V3W 5B7 

       If to the Optionor: 

       3502 Raccine Road 

        Yellowknife, NWT X1A 3J2 

       All Notices shall be given (1) by personal delivery
        to the addressee, or (2) by electronic communication, with a confirmation
        sent by registered or certified mail return receipt requested, or (3)
        by registered or certified mail or commercial carrier return receipt requested.
        All Notices shall be effective and shall be deemed delivered (1) if by
        personal delivery on the date of delivery if delivered during normal business
        hours and, if not delivered during normal business hours, on the next
        business day following delivery, (2) if by electronic communication on
        the next business day following receipt of the electronic communication,
        and (3) if solely by mail or commercial carrier on the next business day
        after actual receipt. A party may change its address by Notice to the
        other party. 

       12.        REPRESENTATIONS
        AND WARRANTIES 

       12.1        The Optionor
        represents and warrants to NAGR that: 

	 	 	 
	 	 	12.1.1        4763
        NWT Ltd. owns and possesses and has good and marketable title to the Property
        free and clear of all mortgages, liens, charges, pledges, security interests,
        encumbrances or other claims whatsoever except for the GOR. Without limiting
        the generality of the foregoing, the Optionor has not entered into and
        there are not any agreements or options to grant or convey any interest
        in the Property or to pay any royalties with respect to the Property except
        as provided in Section 2.3; 

       12.1.2        the
        mining claims comprised in the Property have been duly and validly staked,
        located and recorded pursuant to all applicable laws and regulations in
        the Northwest Territories and are in good standing and the information
        in Schedule A is accurate; and no person has protested and there is no
        basis for protesting the recording of any such claims pursuant to section
        28 of the Canada Mining Regulations;

9 

 

	 	 	12.1.3        to
        the best of the Optionor’s knowledge after due inquiry all activities
        on or in relation to the Property up to the date hereof have been in compliance
        with all applicable laws, regulations and permits including those for
        the protection of the environment and no conditions exist which could
        give rise to the making of a remediation order or similar order in respect
        of the Property or which could subject NAGR to liability;
      

       12.1.4        the
        Optionor has full power and authority to grant to NAGR the
        rights provided in this Agreement; 

       12.1.5        the
        execution and delivery of this Agreement and the exercise by NAGR
        of the rights granted to it under this Agreement will not conflict with
        or be in contravention of any law, regulation or order of any government,
        government department or other competent authority including Ministerial
        orders and Orders-in-Council or conflict with rights of third parties
        or result in a breach of or default under any agreement or other instrument
        of obligation to which the Optionor is a party or by which the Optionor
        or the Property may be bound; 

       12.1.6        this
        Agreement constitutes a legal, valid and binding obligation of the Optionor;
      

       12.1.7        to
        the best of the Optionor’s knowledge after due inquiry, there are
        not any material suits, actions, prosecutions, investigations or proceedings,
        actual, pending or threatened, against or affecting the Optionor or that
        relates to or has a material adverse effect on the Property; 

       12.1.8        to
        the best of the Optionor’s knowledge after due inquiry, all taxes,
        rates or other levies of every nature and kind heretofore levied against
        the Property have been fully paid and satisfied; 

       12.1.9        neither
        the granting of the Option nor the exercise of it constitutes a disposition
        by the Optionor of all or substantially all of its property or undertaking;
        and 

       12.1.10        the
        Optionor is unaware of any material facts or circumstances which have
        not been disclosed in this Agreement, which should be disclosed to NAGR
        in order to prevent the representations in this Section 12.1 from being
        materially misleading. 

	 	 	 
	 	12.2       
        NAGR represents and warrants to the Optionor that: 

	 	 	 
	 	 	12.2.1       
        NAGR has full power and authority to enter into this Agreement
        and the execution and delivery of this Agreement and the exercise by the
        Optionor of the rights granted to it under this Agreement will not conflict
        with or result in a breach of or default under 

10 

 

	 	 	any agreement or other instrument of obligation to
        which NAGR is a party or by which it may be bound; and 

       12.2.2        this
        Agreement constitutes a legal, valid and binding obligation of NAGR.
      

	 	 	 
	 	12.3       
        The representations and warranties contained in Section 12.1 are provided
        for the exclusive benefit of NAGR and a breach of any one
        or more of them may be waived by NAGR in writing 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. 

       12.4        The representations
        and warranties contained in Section 12.2 are provided for the exclusive
        benefit of the Optionor and a breach of any one or more of them 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
        representation or warranty. 

       12.5        It is
        agreed between the parties that any technical, economic or geological
        information of any nature, including without limitation any studies, reports,
        mining models, assays, drill hole data, geochemical reports, recovery
        reports and other information concerning the Property and the existence,
        location, quantity, quality or value of any minerals thereon or therein,
        provided to, or made available by one party to the other under this Agreement
        or prior to the effective date hereof, is provided without representation
        or warranty and is at the sole risk of the party receiving the same. Such
        information is provided “AS IS, WHERE IS” and EACH PARTY EXPRESSLY
        DISCLAIMS ALL EXPRESS OR IMPLIED WARRANTIES CONCERNING THE SAME, AND EXPRESSLY
        EXCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
        PURPOSE. 

       13.        CONFIDENTIALITY
      

       13.1        Subject
        to Section 13.2 all information received or obtained by NAGR
        or the Optionor hereunder or pursuant hereto shall be kept confidential
        by it and no part thereof may be disclosed or published without the prior
        written consent of the other except such information as may be required
        to be disclosed or published by regulatory bodies having jurisdiction;
        provided that a party may disclose in confidence information to any person
        or persons with whom it proposes to contract pursuant to Section 10.1.
      

       13.2        Confidential
        information shall not include the following: 

	 	 
	 	 	13.2.1       
        information that, at the time of disclosure, is in the public domain;
      

11 

 

	 	 	13.2.2        information
        that, after disclosure, is published or otherwise becomes part of the
        public domain through no fault of the recipient; 

       13.2.3        information
        that the recipient can show already was in the possession of the recipient
        at the time of disclosure; 

       13.2.4        information
        that the recipient can show was received by it after the time of disclosure,
        from a third party who was under no obligation of confidence to the disclosing
        party at the time of disclosure. 

	 	 	 
	 	13.3       
        Except as required by law or regulatory authority, neither NAGR
        nor the Optionor shall make any public announcements or statements concerning
        this Agreement or the Property without the prior approval of the other,
        not to be unreasonably withheld. 

       13.4        The text
        of any public announcements or statements including any news release which
        the Optionor intends to make pursuant to the exception in Section 13.2
        shall be made available to NAGR not less than 24 hours prior
        to publication and NAGR shall have the right to make suggestions
        for changes therein. If NAGR is identified in such public
        announcement or statement it shall not be released without the consent
        of NAGR in writing, not to be unreasonably withheld. 

       14.        MISCELLANEOUS
      

       14.1        Applicable
        Law. The terms and provisions of this Agreement shall be interpreted
        in accordance with the laws of British Columbia. 

       14.2        Regulatory
        Approval. This Agreement is subject to regulatory approval. 

       14.3        Entire
        Agreement. This Agreement terminates and replaces all prior agreements,
        either written, oral or implied, between NAGR and the Optionor
        with respect to the Property, and constitutes the entire agreement between
        the parties with respect to the Property. 

       14.4        Void
        or Invalid Provision. If any term, provision, covenant or condition
        of this Agreement, or any application thereof, should be held by a court
        of competent jurisdiction to be invalid, void or unenforceable, all provisions,
        covenants and conditions of this Agreement, and all applications thereof
        not held invalid, void or unenforceable shall continue in full force and
        effect and in no way be affected, impaired or invalidated thereby. 

       14.5        Additional
        Documents. The parties shall do and perform all such acts and things,
        and execute all such deeds, documents and writings, and give all such
        assurances, as may be necessary to give effect to this Agreement. 

12 

 

	 	14.6        Good
        Faith. All parties shall act in good faith to fulfil their respective
        duties and obligations under this Agreement. 

       14.7        Binding
        Effect. This Agreement shall enure to the benefit of and be binding
        upon the parties hereto and their respective successors and permitted
        assigns. 

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

NORTH AMERICAN GENERAL RESOURCES CORP. 

 By:    /s/ Paul Cowley

  Title: Vice President Exploration

4763 NWT LTD. 

 By:    /s/ Louis Cavello

  Title: President

13

SCHEDULE A 

Description of Property

	Claim Name	Tag No.	NTS	 
	 	 	 	 
	RJ 1	F83120	75 N/04	 

 The RJ 1 claim was staked July 21, 2003 and recorded August
  7, 2003 under the terms of the Canadian Mining Regulations by the Mining Recorders
  Office in Yellowknife, NWT. The RJ 1 claim consists of 206.6 acres and is located
  approximately 260 kilometres east northeast of Yellowknife, NWT. 

14

 SCHEDULE B  

Definition of Gross Overriding Royalty 

 Base Metals 

 In respect of base metals, the phrase "Gross Overriding Royalty"
  means 2.5% of NAGR’s interest in the Base Net Smelter Returns from
  all ores mined from any of the Properties which have a base metal or combination
  of base metals as the contained element of greatest economic value and all concentrates
  and other mineral products, metals or minerals which are derived therefrom prior
  to their sale (the "Base Products"), where Base Net Smelter Returns equals the
  Base Gross Proceeds from sales of such Base Products less Base Allowable Deductions,
  where: 

	 	(a)       
        "Base Gross Proceeds" for any Base Product means the actual proceeds
        received for the sale of such Base Product (for greater certainty, including
        insurance proceeds in respect of any loss); and 

       (b)        "Base
        Allowable Deductions" for any Base Product means the following costs,
        charges and expenses paid, incurred, or deemed incurred by or on behalf
        of NAGR with respect to such Base Product: 

	 	 	 
	 	 	(i)        charges
        for treatment in the smelting, refining and other beneficiation process
        (including handling, processing, interest, and provisional settlement
        fees, weighing, sampling, assaying umpire and representation costs, penalties,
        and other processor deductions); 

       (ii)       actual
        costs of transportation (including loading, freight, insurance, security,
        transaction taxes, handling, port, demurrage, delay, and forwarding expenses
        incurred by reason of or in the course of transportation) of Base Product
        from the Properties to the place of treatment; 

       (iii)      costs or charges
        of any nature for or in connection with insurance, storage, or representation
        at a facility where Base Product is treated; and 

       (iv)       sales,
        use, severance, excise, net proceeds of mine, and ad valorem taxes and
        any tax on or measured by mineral production, insofar as such taxes are
        attributable to Base Product, but not including income taxes of NAGR;
      

	 	 	 
	 	provided that when Base
        Product is treated, whether on or off the Properties, in a facility wholly
        or partially owned by NAGR or an affiliate of NAGR, Base
        Allowable Deductions will not include any costs that are in excess of
        those which 

15 

 

	 	would be incurred on an
        arm's length basis, or which would not be Base Allowable Deductions if
        those Base Products were treated by an independent third party . 

	 	 	 
	Precious Metals
      

       In respect of precious metals, the phrase "Gross Overriding
        Royalty" means 2.5% of NAGR’s interest in the Precious Net
        Smelter Returns from all ores mined from the Properties and having a precious
        metal or combination of precious metals as the contained element of greatest
        economic value, and all doré, concentrates and other mineral products,
        metals or minerals which are derived therefrom prior to their sale (the
        "Precious Products"), where Precious Net Smelter Returns equals the Precious
        Gross Proceeds from sales of such Precious Products less Precious Allowable
        Deductions, where: 

	 	 	 
	 	(a)       
        "Precious Gross Proceeds" for any Precious Product means the proceeds
        received or deemed to have been received for the sale of such Precious
        Product, determined as follows: 

	 	 
	 	 	(i)       
        if there is a sale of Precious Product in the form of refined gold, then
        such gold will be deemed to have been sold at the average London Bullion
        Market Association of P.M. Gold Fix, calculated by dividing the sum of
        all such prices reported for the month in which it was produced by the
        number of days in that month for which such prices were reported; 

       (ii)        if there
        is a sale of Precious Product in the form of refined silver, then such
        silver will be deemed to have been sold at the average New York Silver
        Price as published daily by Handy & Harman (or, should that publication
        cease, another similar publication acceptable 4763 NWT Ltd. and
        NAGR, acting reasonably), calculated by dividing the sum of all
        such prices reported for the calendar month in which it was produced by
        the number of days in that month for which such prices were reported;
        and 

       (iii)      if there is
        any other sale of Precious Product including, without limitation, a sale
        in the form of raw ore, doré, concentrates, refined metals other
        than gold or silver, and any loss of Precious Product in any form, then
        the Precious Gross Proceeds will be equal to the amount of the proceeds
        actually received from the sale (for greater certainty , including insurance
        proceeds in respect of any loss). 

	 	 	 
	 	(b)       
        "Precious Allowable Deductions" for any Precious Product means
        the following costs, charges and expenses paid, incurred, or deemed incurred
        by or on behalf of NAGR with respect to such Precious Product:
      

16 

 

	 	 	(i)        charges
        for treatment in the smelting, refining and other beneficiation process
        (including handling, processing, interest, and provisional settlement
        fees, weighing, sampling, assaying umpire and representation costs, penalties,
        and other processor deductions); 

       (ii)       actual
        costs of transportation (including loading, freight, insurance, security,
        transaction taxes, handling, port, demurrage, delay, and forwarding expenses
        incurred by reason of or in the course of transportation) of Precious
        Product from the Properties to the place of treatment and then to the
        place of sale; 

       (iii)      costs or charges
        of any nature for or in connection with insurance, storage, or representation
        at a facility where Precious Product is treated; 

       (iv)       actual
        sales and brokerage costs; and 

       (v)        sales,
        use, severance, excise, net proceeds of mine, and ad valorem taxes and
        any tax on or measured by mineral production, insofar as such taxes are
        attributable to Precious Product, but not including income taxes of NAGR
        or 4763 NWT Ltd.; 

	 	 	 
	 	provided that when Precious
        Product is treated, whether on or off the Properties, in a facility wholly
        or partially owned by NAGR or an affiliate of NAGR, Precious
        Allowable Deductions will not include any costs that are in excess of
        those which would be incurred on an arm's length basis, or which would
        not be Precious Allowable Deductions if those Precious Products were treated
        by an independent third party. 

	 	 
	Diamonds 

       In respect of diamonds, the phrase "Gross Overriding
        Royalty" means 2.5 % of NAGR’s interest in the Diamond Net
        Sales Returns from all diamonds mined from any of the Properties ("Diamonds"),
        where Diamond Net Sales Returns equals the Diamond Gross Proceeds less
        Diamond Allowable Deductions, where: 

	 	 
	 	(a)       
        "Diamond Gross Proceeds" for any Diamond Product means the actual
        proceeds received for the sale of such Diamonds (for greater certainty,
        including insurance proceeds in respect of lost or damaged Diamonds);
        and 

       (b)        "Diamond
        Allowable Deductions" means the following costs, charges and expenses
        paid, incurred, or deemed incurred by NAGR:

	 	 
	 	 	(i)       
        cost and expenses for preparing rough Diamonds for sale including, without
        limitation, for sorting, weighing, grading, valuing, pricing, parceling
        ( any or all of the foregoing, "sorting") and cleaning; 

17 

 

	 	 	(ii)       actual
        costs of shipping and transporting (including packaging, insurance, security
        , transaction taxes, handling, port, demurrage, delay, and forwarding
        expenses incurred by reason of or in the course of transportation) Diamonds
        from the Properties to the place of sale; 

       (iii)      costs and expenses
        for or in connection with insurance, security, packing, storage or representation
        at a facility where the sorting or cleaning of Diamonds takes place; 

	 	 	 
	 	provided that when there
        is sorting or cleaning of Diamonds, whether on or off the Properties,
        in a facility wholly or partially owned by NAGR or an Affiliate
        of NAGR, Diamond Allowable Deductions will not include any costs
        that are in excess of those which would be incurred on an arm's length
        basis, or which would not be Diamond Allowable Deductions if the sorting
        or cleaning of the Diamonds was being done by an independent third party.
      

18 

 SCHEDULE C  

JOINT VENTURE AGREEMENT 

Between

4763 NWT LTD. (“OPTIONOR”), a company incorporated under the laws of the Northwest Territories

and

NORTH AMERICAN GENERAL RESOURCES CORP. (“OPTIONEE”), a company duly incorporated under the laws of British Columbia.

Dated this 1st day of March, 2004.

Upon the exercise of the option, North American General Resources Corp. (NAGR) and 4763 NWT LTD. (4763) will be deemed to have formed a joint venture with respect to further exploration, development and, if warranted, commercial production of the
Property, with the following initial interests:

 NAGR (70%) and 4763 (30%)  

 Once the Joint Venture is in effect the following terms will apply:

	1 	a) 	Relationship of the Parties.

	 	 	 
	 	i.	The relationship of the participants
        will be as tenants-in-common in their respective participating interests.
        The liabilities of each of them and their responsibilities for costs in
        relation to the Property will be several and not joint nor joint and several
        and will be borne severally in proportion to their respective participating
        interests. Each participant will be entitled to its share of mineral production
        from the Property.

19 

 

	1
	b)
	 Manager and Operator.

	 	 	 
	

          
	i.
	A management committee will be constituted
        with responsibility for overseeing joint venture operations. Each of the
        participants will be entitled to appoint two representatives to the management
        committee, with each representative being entitled to vote in proportion
        to the participating interest of the participant that appointed him. A
        representative of the party who is the operator of the joint venture will
        be the chairman of the management committee.

	 	 	 
	 	ii. 
	The participant with the largest participating
        interest will be the operator.

	 	 	 
	 	iii. 
	The operator will have the right to
        cash call in advance to cover anticipated approved program expenditures,
        including a reasonable amount of working capital.

	 	 	 
	 	iv.
	 The operator will report to the management
        committee periodically as to the progress of work upon and the development
        of the Property.

	 	 	 
	 	v.
	The operator will have a lien on the
        participants’ interests to secure cost shares of committed expenditures,
        and the right to advance the cost of the share of a participant in default.

	 	 	 
	 	vi. 
	The operator will market all diamonds
        produced from the Property on behalf of the Joint Venture.

	 	 	 
	1
	c)
	 Initiation and Approval of Programmes.

	 	 	 
	 	i.
	The operator will propose and carry
        out programs as approved by the management committee.

	 	 	 
	 	ii.
	 Each of the participants may elect
        to participate in any such program and if it does so will be obliged to
        contribute to the costs and expenses of the program according to its respective
        participating interest.

	 	 	 
	 	iii.
	If a participant elects not to participate
        in an approved program, its interest will be diluted so as to be proportionate
        to the amount it has contributed as compared with the aggregate amounts
        contributed by all participants. If it elects to contribute and fails
        to do so, then its participating interest will be diluted doubly.

	 	 	 
	 	iv.
	 If a participating interest of a participant
        has been diluted to 10% or less, then the participating interest will
        be automatically converted to a royalty of 2.5% of the Net Smelter Returns
        on base and/or precious metals and 2.5% Gross Over-riding Royalty on diamonds.
        The NSR and GOR are explained within the Option Agreement.

20

 

	1	d) 	Transfer Restrictions.

	 	 	 
	 	i.	No participant will be entitled to dispose of its
        participating interest (other than to affiliate) without first offering
        it to the other participant.

	 	 	 
	 	ii. 	No encumbrance of any participating interest will
        be permitted except for financing of development of the Property and then
        only subject to the joint venture agreement and the operator’s lien.

	 	 	 
	1	e) 	The Joint Venture Agreement will be subject to laws
        of British Columbia.

21Filed by Automated Filing Services Inc. (604) 609-0244 - Braden Technologies Inc. - Exhibit 10.1

	BRADEN TECHNOLOGIES INC. 

       A Nevada Corporation 

	 

March 15th, 2004 

 TO EACH OF THE SHAREHOLDERS OF 

  LINCOLN GOLD CORP., A NEVADA CORPORATION  

Dear Sirs:

	Re:	BRADEN TECHNOLOGIES INC. (the "Corporation")
	 	-	Offer to Acquire All of the Issued and Outstanding
        Shares of LINCOLN GOLD CORP., a Nevada corporation (“Lincoln
        Gold”) pursuant to Regulation S and Rule 506 of Regulation D of the
        United States Securities Act of 1933 (the “Act”)

 We write to set forth the offer of the Corporation (the “Offer”)
  to you to purchase all shares of the common stock of Lincoln Gold that are registered
  in your name (the “Lincoln Gold Shares”). 

 The Corporation is making concurrent offers to each of the
  shareholders of Lincoln Gold (together, the “Concurrent Offers”).
  The Corporation is making these Concurrent Offers pursuant to the exemptions
  from the prospectus and registration requirements provided by Regulation S and
  Rule 506 of Regulation D of the Act and the British Columbia Securities Act,
  where applicable. This offer is made to you pursuant to Rule 506 of Regulation
  D of the Act based on your prior representation to Lincoln Gold that you are
  an “accredited investor” as defined in Rule 501 of Regulation D. If
  Concurrent Offers are accepted by all shareholders of Lincoln Gold, including
  yourself, and the acquisition is completed, then the Corporation will own all
  of the issued and outstanding shares of Lincoln Gold. 

 If the acquisition of all of the outstanding shares of Lincoln
  Gold is completed, the Corporation will issue an aggregate of 24,000,000 shares
  of its common stock to the existing shareholders of Lincoln Gold and will have
  a total of 35,400,000 shares of common stock outstanding. Accordingly, the existing
  shareholders of Lincoln Gold will own 67.8% of the outstanding shares of the
  Corporation. The Corporation’s assets and business operations are described
  in the Corporation’s Annual Report on Form 10-KSB filed with the Securities
  and Exchange Commission on March 1, 2004. The Corporation is presently a reporting
  issuer under the Securities Exchange Act of 1934. You may review information
  regarding the business and financial condition of the Corporation, including
  the Corporation’s financial statements, on the web site of the Securities
  and Exchange Commission at www.sec.gov. You are advised to review this
  information and to discuss this Offer and the information regarding the Corporation
  with your professional advisors prior to acceptance of this Offer. It is also
  anticipated that each of Andrew F. B. Milligan and Paul F. Saxton, each of whom
  is a director of Lincoln Gold, will be appointed as a director of the Corporation
  upon completion of the acquisition of Lincoln Gold. It is also anticipated that
  each of James Chapman and James Currie, each of whom is a shareholder of Lincoln
  Gold, will also be appointed as a director of the Corporation upon completion
  of the acquisition of Lincoln Gold. 

 This Offer is on the terms and is subject to the conditions
  set forth in this letter. If this Offer is acceptable, we ask that you accept
  this Offer by following the instructions in Section 5 of this Offer. This Offer
  is open for acceptance until 5:00 p.m. (Pacific Time) on the 25th
  day of March, 2004 (the “Expiry Time”), at which time this offer will
  terminate unless extended in writing. This Offer will lapse if not accepted
  by you by the Expiry Time. 

 The Offer is on the following terms and is subject to the
  following conditions: 

 1.           Offer
  to Purchase 

 The Corporation offers to purchase from you all of your Lincoln
  Gold Shares. Upon acceptance by you, this Offer will become a firm and binding
  agreement between the Corporation and you for the sale of your Lincoln Gold
  Shares to the Corporation on the terms and subject to the conditions of this
  Offer. The obligation of the Corporation to purchase your Lincoln Gold Shares
  is subject to acceptance by shareholders of Lincoln Gold 

 

	BRADEN TECHNOLOGIES INC.	-2-	 
	Offer to Each of the	 	 
	Shareholders of Lincoln Gold Corp.,	 	 
	 	 	 
	March 15th, 2004	 	 

 representing all of the issued and outstanding shares of the
  common stock of Lincoln Gold pursuant to this Offer and the Concurrent Offers
  (the “Minimum Acceptance Requirement”). 

 2.           Issue
  of Corporation Shares 

 The Corporation will issue to you ten (10) shares of common
  stock of the Corporation (each a “Corporation Share” and together,
  the “Corporation Shares”) in consideration for each Lincoln Gold Share
  that you own on closing if you accept this Offer and conditions of closing described
  in Section 5 of this Offer are met. Delivery of share certificates representing
  the Corporation Shares will be in accordance with Section 5 of this Offer and
  will be conditional upon delivery by you of any share certificates representing
  your Lincoln Gold Shares that have been delivered to you by Lincoln Gold. 

 3.           Accredited
  Investor Representation and Restricted Stock Agreements 

 You must be an “Accredited Investor” in order for
  you to accept this Offer as the Corporation Shares are being offered to you
  pursuant to Rule 506 Regulation D of the Act. The term “Accredited Investor”
  is defined in Rule 501(a) of Regulation D of the Act, as amended. 

 In order to meet the definition of an “Accredited Investor”
  in Rule 501(a), you must satisfying one or more of the following categories
  (please place an "X" on each appropriate box): 

	 	 ̈            Category
        1.       Any director or executive
        officer of the Company;

	 	

	 	 ̈            Category
        2.        Any natural person whose
        individual net worth, or joint net worth with that person's spouse, at
        the time of his or her purchase, exceeds $1,000,000; 

	 	

	 	
         ̈            Category
          3.       Any natural person who
          had an individual income in excess of $200,000 in each of the two most
          recent years or joint income with that person's spouse in excess of
          $300,000 in each of those years and has a reasonable expectation of
          reaching that same income level in the current year;

      

      
	 	

	 	
         ̈            Category
          4.       Any organization described
          in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts
          or similar business trust, or partnership, not formed for the specific
          purpose of acquiring the securities offered, with total assets in excess
          of $5,000,000;

        

      
	 	

	 	 ̈            Category
        5.       Any private business development
        company as defined in Section 202(a)(22) of the Investment Advisers
        Act of 1940;

	 	

	 	 ̈            Category
        6.        Any bank as defined in
        Section 3(a)(2) of the 1933 Act, or any savings and loanassociation
        or other institution as defined in Section any insurance company as
        defined in Section 2(13) of the 1933 Act; any investment company
        registered under the Investment Company Act of 1940or a business development
        company as defined in Section 2(a)(48) of the 1933 Act; any
        Small Business Investment Company licensed by the U.S. Small Business
        Administration under Section 301(c) or (d) of the Small Business
        Act of 1958; any plan established and maintained by a state, its political
        subdivisions, or any agency or instrumentality of a state or its political
        subdivision, for the benefit of its employees if such plan has total assets
        in excess of $5,000,000; and an employee benefit plan within the meaning
        of Title I of the Employee Retirement Income Security Act of 1974
        if the investment decision is made by a plan fiduciary, as defined
        in Section 3(21) of said Act, which is either a bank, savings and loan
        association, insurance company, or registered investment advisor, or if
        the employee benefit plan has total assets in excess of $5,000,000, or,
        if a self-directed plan, with investment decisions made solely by persons
        that are accredited investors;

 

	BRADEN TECHNOLOGIES INC.	-3-	 
	Offer to Each of the	 	 
	Shareholders of Lincoln Gold Corp.,	 	 
	 	 	 
	March 15th,
      2004	 	 

	 	 ̈            Category
        7.       .Any trust, with
        total assets in excess of $5,000,000, not formed for the specific purpose
        of acquiring the securities offered, whose purchase is directed by a sophisticated
        person as described in Section 230.506(b)(2)(ii) of Regulation D under
        the 1933 Act;

	 	

	 	 ̈            Category
        8.       Any self-directed
        employee benefit plan with investment decisions made solely by persons
        that are accredited investors within the meaning of Rule 501 of Regulation
        D promulgated under the 1933 Act; or

	 	

	 	 ̈            Category
        9.       Any entity in which
        all of the equity owners are accredited investors;

 If you are not an “Accredited Investor”, as defined
  above, then you are not eligible to accept this Offer and any acceptance by
  you will not obligate the Corporation to purchase your Lincoln Shares. 

 You will acknowledge and agree by acceptance of this Offer
  that the Corporation Shares will be “restricted shares” under the
  Act and can only be sold pursuant to registration under the Act or pursuant
  to a further exemption from the registration requirements of the Act. In order
  to confirm the restricted status of the Corporation Shares, you acknowledge
  and agree that all certificates representing the Corporation Shares will be
  endorsed with the following legend in accordance with Regulation D of the Act:

   “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE
    NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE
    BEEN OFFERED AND SOLD IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS
    OF THE ACT. SUCH SHARES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE
    TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE APPLICABLE PROVISIONS OF
    THE ACT OR ARE EXEMPT FROM SUCH REGISTRATION.” 

 4.          Additional
  Representations and Warranties 

 You will make the following representations and warranties
  to the Corporation by acceptance of this Offer that will be relied upon by the
  Corporation in purchasing your Lincoln Gold Shares: 

	 	(1)	The Lincoln Gold Shares are owned by
        you as the legal and beneficial owner with a good and marketable title
        thereto, free and clear of all mortgages, liens, charges, security interests,
        adverse claims, pledges, encumbrances and demands whatsoever;

	 	 	

	 	(2)	You have all necessary power and authority
        to deal with, transfer and sell Lincoln Gold Shares in accordance with
        this Agreement;

	 	 	

	 	(3)	No person, firm or corporation has any
        agreement or option or any right or privilege (whether by law, pre-emptive
        or contractual) capable of becoming an agreement or option for the purchase
        from you of any of Lincoln Gold Shares held by you;

	 	 	

	 	(4)	The entering into of this agreement
        and the consummation of the transactions contemplated hereby will not
        result in the violation of any of the terms and provisions of any agreement,
        written or oral, to which you may be a party;

	 	 	

	 	(5)	This agreement has been duly authorized,
        validly executed and delivered by you;

	 	 	

	 	(6)	You have had full opportunity to review
        the Corporation’s filings with the United States Securities and Exchange
        Commission ("SEC”) and additional information regarding the business
        and financial condition of the Corporation with your legal, tax and financial
        advisors prior to

 

	BRADEN TECHNOLOGIES INC.	-4-	 
	Offer to Each of the	 	 
	Shareholders of Lincoln Gold Corp.,	 	 
	 	 	 
	March 15th,
      2004	 	 

	 	 	acceptance of the Offer. You believe
        you have received all the information you consider necessary or appropriate
        for deciding whether to exchange your Lincoln Shares for the Corporation
        Shares. You further represent that you have had an opportunity to ask
        questions and receive answers from the directors and officers of the Corporation
        regarding the terms and conditions of the acquisition of Lincoln Gold
        by the Corporation and the business, properties, prospects and financial
        condition of the Corporation. You have had full opportunity to discuss
        this information with your legal and financial advisers prior to execution
        of this Agreement;

	 	 	

	 	(7)	You hereby acknowledge that this Offer
        and the offering of Corporation Shares has not been reviewed by the SEC
        and that the Corporation Shares will be issued by the Corporation pursuant
        to an exemption from registration provided by Regulation D pursuant to
        the United States Securities Act;

	 	 	

	 	(8)	You are not aware of any advertisement
        of the Corporation Shares;

	 	 	

	 	(9)	You are acquiring the Corporation Shares
        subscribed to hereunder as principal for your own benefit and as an investment
        for your own account, not as a nominee or agent, and not with a view toward
        the resale or distribution of any part thereof, and you have no present
        intention of selling, granting any participation in, or otherwise distributing
        the same;

	 	 	

	 	(10)	You do not have any contract, undertaking,
        agreement or arrangement with any person to sell, transfer or grant participation
        to such person, or to any third person, with respect to any acquisition
        of the Corporation Shares;

	 	 	

	 	(11)	You have full power and authority to
        accept this Offer which, when accepted, will constitute a valid and legally
        binding obligation, enforceable in accordance with its terms;

	 	 	

	 	(12)	You can bear the economic risk of an
        investment in the Corporation Shares;

	 	 	

	 	(13)	You have satisfied yourself as to the
        full observance of the laws of your jurisdiction in connection with the
        Offer, including (i) the legal requirements within your jurisdiction for
        the issuance of the Corporation Shares to you, (ii) any foreign exchange
        restrictions applicable to such purchase, (iii) any governmental or other
        consents that may need to be obtained, and (iv) the income tax and other
        tax consequences, if any, that may be relevant to the acceptance of this
        Offer by you;

	 	 	

	 	(14)	You have such knowledge and experience
        in finance, securities, investments, including investment in non-listed
        and non registered securities, and other business matters so as to be
        able to protect your interests in connection with this transaction.

 5.          Acceptance
  and Closing 

 The closing of the purchase and sale of your Lincoln Gold
  Shares (the “Closing”) will take place on the 26th day
  of March, 2004, subject to the satisfaction of the following conditions: 

	1.	the Corporation will have
        received acceptances of the Concurrent Offers representing the agreement
        of the shareholders of Lincoln Gold to sell all of the shares of Lincoln
        Gold to the Corporation;

	 	
	

	2. 	Lincoln Gold will have delivered
        to the Corporation the following financial statements, each in the form
        necessary to satisfy the Corporation’s disclosure obligations as
        a reporting issuer under the Securities Exchange Act of 1934 arising as
        a consequence of the acquisition by the Corporation of Lincoln Gold:

	 	
	

	 	(a)
	Audited financial statements for the period ended
        December 31, 2003, including an audited balance sheet as at December 31,
        2003.

 

	BRADEN TECHNOLOGIES INC.	-5-	 
	Offer to Each of the	 	 
	Shareholders of Lincoln Gold Corp.,	 	 
	 	 	 
	March 15th,
      2004	 	 

 In the event that the above conditions are not satisfied,
  then the Corporation will have no obligation to purchase your Lincoln Gold Shares
  and will have no liability or other obligation to you. 

 The Closing will be completed by the issue by the Corporation
  of the Corporation Shares in your name against delivery by you of certificates
  representing your Lincoln Gold Shares duly endorsed for transfer to the Corporation.
  You agree that the certificates representing the Corporation Shares may be delivered
  to you after Closing by no later than the 31st day of March, 2004
  in order to facilitate printing of share certificates by the Corporation’s
  transfer agent. 

 If you wish to accept this Offer, then you must execute this
  Offer where indicated below and deliver the executed Offer together with any
  share certificates representing your Lincoln Gold Shares duly endorsed for transfer
  to the Corporation to us at our address as follows: 

  
    
      
         BRADEN TECHNOLOGIES INC.  

          Suite 306 – 1140 Homer Street 

          Vancouver, B.C., V6B 2X6 

          Attention: Mr. Peter Bell, President

          Facsimile: 604-689-1722 

      

    

  

	Yours truly,	 
	 	 	 
	BRADEN TECHNOLOGIES INC.	 
	by its authorized signatory:	 
	 	 	 
	Per:	 	 
	 	Peter Bell	 
	 	President	 

 The undersigned shareholder of Lincoln Gold hereby (i) accepts
  the Offer of Braden Technologies Inc.; (ii) confirms the representation and
  warranties of the shareholder herein; and (iii) hereby sells, assigns and transfers
  to Braden Technologies Inc. the number of shares of the common stock of Lincoln
  Gold indicated below free and clear of all liens, charges and encumbrances in
  consideration for the issue of shares of the common stock of Braden Technologies
  Inc. on the terms and subject to the conditions of the Offer. The undersigned
  shareholder hereby irrevocably constitutes and appoints Peter Bell as the attorney
  of the shareholder to transfer all shares of Lincoln Gold in the name of the
  shareholder, with full power of substitution in the premises. The undersigned
  shareholder agrees that a faxed copy of the shareholder’s signature may
  be relied upon for acceptance by Braden Technologies Inc. and will be effective
  to bind the shareholder. 

	Date of Acceptance:	 
	 	 
	Signature of Lincoln Gold Shareholder:	 
	 	 
	Name of Lincoln Gold Shareholder:	 
	 	 
	Number of Shares of Lincoln Gold Held:

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