Document:

Till Capital Ltd. - Exhibit 4.3  - Filed by newsfilecorp.com

EXECUTIVE EMPLOYMENT AGREEMENT 

THIS AGREEMENT IS MADE effective the 12th day
of November, 2012. 

BETWEEN: 

  
    
      
        GOLDEN PREDATOR CORP., as parent company of GOLDEN
          PREDATOR MINES US INC. 

        (hereinafter called the “Company”) 

      

    

  

OF THE FIRST PART, 

  
    
      
        - and - 

        TIMOTHY P. LEYBOLD 

        (hereinafter called the “Executive”) 

      

    

  

OF THE SECOND PART. 

      
     WHEREAS the Company is engaged in the
business of locating, acquiring and exploring natural resource mineral
properties; 

      
     AND WHEREAS the Executive is willing to
serve the Company in the capacity and on the terms and conditions herein
provided; 

NOW THEREFORE IT IS HEREBY AGREED AS FOLLOWS: 

	1. 	
      DEFINITIONS

	 	 
	1.1 	
      In this Agreement the following terms shall have the
      following meanings:

	 	(a) 	
      “Agreement” means this agreement as it may be
      amended or supplemented from time to time; and the expressions “hereof”,
      “herein”, “hereto”, “hereunder”, “hereby” and similar expressions refer to
      this agreement and unless otherwise indicated, references to “Sections” or
      “Parts” are references to sections or parts in this Agreement;

	 	 	 	 
	 	(b) 	
      “Board” means the board of directors of the
      Company;

	 	 	 	 
	 	(c) 	
      “Cause” means:

	 	 	 	 
	 		(i) 	
      the failure or refusal of the Executive to perform his
      duties and responsibilities at an acceptable level or standard, or to
      comply with the Company’s policies and procedures as instituted from
      time-to-time, provided that the Executive has been provided written notice
      of such failure and has not corrected its behaviour within 30 calendar
      days of receiving such notice and provided further that the Executive
      shall only be entitled to correct his behaviour pursuant to such notice on
      a one- time basis. For purposes of clarity, any subsequent failure or
      refusal to perform his duties and responsibilities at an acceptable level
      or standard will not require written notice of such failure
      by the Company and corresponding opportunity for the Executive to correct
  the behaviour;

2 

	 	(ii) 	
      any dishonesty on the part of the Executive affecting the
      Company;

	 	 	 
	 	(iii) 	
      the conviction of the Executive for an indictable offence
      or for any crime involving moral turpitude, fraud or
    misrepresentation;

	 	 	 
	 	(iv) 	
      excessive use of alcohol or illegal drugs by the
      Executive interfering with the performance of his obligations under this
      Agreement and the failure to participate fully in any employee assistance
      program offered by the Company;

	 	 	 
	 	(v) 	
      any willful and intentional act on the part of the
      Executive having the effect of materially injuring the reputation,
      business or business relationships of the Company;

	 	 	 
	 	(vi) 	
      any material breach (not covered by any of the above (i)
      through (v) above) of any of the provisions of this Agreement;
  and

	 	 	 
	 	(vii) 	
      any other act or omission which at law would entitle the
      Company to terminate this Agreement.

	 	(d) 	
      “Change of Control” means a transaction or series
      of transactions whereby directly or indirectly:

	 	 	 	 
	 		(i) 	
      any person or combination of persons obtains a sufficient
      number of securities of the Company to affect materially the control of
      the Company; for the purposes of this Agreement, a person or combination
      of persons holding shares or other securities in excess of the number
      which, directly or following conversion thereof, would entitle the holders
      thereof to cast 25% or more of the votes attaching to all shares of the
      Company which may be cast to elect directors of the Company, shall be
      deemed to be in a position to affect materially the control of the
      Company;

	 	 	 	 
	 		(ii) 	
      the Company shall consolidate or merge with or into,
      amalgamate with, or enter into a statutory arrangement with, any other
      person (other than a subsidiary of the Company) or any other person (other
      than a subsidiary of the Company) shall consolidate or merge with or into,
      or amalgamate with or enter into a statutory arrangement with, the
      Company, and, in connection therewith, all or part of the outstanding
      voting shares shall be changed in any way, reclassified or converted into,
      exchanged or otherwise acquired for shares or other securities of the
      Company or any other person or for cash or any other property;

	 	 	 	 
	 		(iii) 	
      the Company shall sell or otherwise transfer, including
      by way of the grant of a leasehold interest (or one or more of its
      subsidiaries shall sell or otherwise transfer, including by way of the
      grant of a leasehold interest), property or assets (A) aggregating more
      than 50% of the consolidated assets (measured by either book value or fair
      market value) of the Company and its subsidiaries as at the end
      of the most recently completed financial year of the Company or (B) which
      during the most recently completed financial year of the Company
      generated, or during the then current financial year of the Company are
      expected to generate, more than 50% of the consolidated operating income
      or cash flow of the Company and its subsidiaries, to any other person or
      persons (other than the Company or one or more of its subsidiaries);
  or

3 

	 	(iv) 	
      there occurs a change in the composition of the Board,
      which occurs at a single meeting, or a succession of meetings occurring
      within 6 months of each other, of the shareholders of the Company, whereby
      such individuals who were members of the Board immediately prior to such
      meeting or succession of meetings cease to constitute a majority of the
      Board without the Board, as constituted immediately prior to such meeting,
      approving of such change.

	 	(e) 	
      “Confidential Information” means information of a
      sensitive nature related to the Company or its business including, but not
      limited to information pertaining to the Company’s costs, sales, income,
      profit, profitability, pricing, salaries or wages, marketing information,
      corporate information and intellectual property. “Confidential
      Information” does not include any information that, through no fault of
      the receiving party:

	 	 	 	 	 
	 		(i) 	
      is within the Public Domain at the date of its disclosure
      to the receiving party, or subsequently enters the Public Domain (but only
      after it enters the Public Domain); or

	 	 	 	 	 
	 		(ii) 	
      is or becomes (but only after it becomes):

	 	 	 	 	 
	 			(A) 	
      independently developed by or on behalf of the receiving
      party as shown by documentary evidence; or

	 	 	 	 	 
	 			(B) 	
      disclosed to the receiving party by a third party not
      having an obligation of confidence to the proprietor of the information as
      shown by the documentary evidence; or

	 	(iii) 	
      is Residual Information.

	 		
      No combination of information shall be deemed to be
      within any of the above exceptions, whether or not the component parts of
      the combination are within one or more of the exceptions in Sections
      1(e)(i) and (ii), unless the combination itself and its economic value and
      principles of operation are themselves so excepted;

	 	 	 
	 	(f) 	
      “Company” means Golden Predator Corp., as parent
      company of Golden Predator Mines US Inc. a Company governed by the laws of
      Nevada;

	 	 	 
	 	(g) 	
      “Person” means any individual, partnership,
      limited partnership, joint venture, syndicate, sole proprietorship,
      company or Company with or without share capital, unincorporated
      association, trust, trustee, executor, administrator or other legal
      personal representative, regulatory body or agency, government or
      governmental agency, authority or entity however designated or
      constituted;

4 

	 	(h) 	
      “Public Domain” means readily accessible to the
      public in a written publication, and does not include information that is
      only available by substantial searching of the published literature, and
      information the substance of which must be pieced together from a number
      of different publications and/or sources;

	 	 	 	 
	 	(i) 	
      “Residual Information” means general information
      not specified as being confidential in nature by the Company that is in
      tangible form and is retained in memory by the Executive who have had
      access to Confidential Information including ideas, concepts, know-how and
      techniques or business opportunities that have been considered by the
      Company but rejected or unsuccessfully pursued by the Company;

	 	 	 	 
	 	(j) 	
      “Share Option” means any stock option granted
      under a stock option or share purchase plan of the Company;

	 	 	 	 
	 	(k) 	
      “Term” shall have the meaning set forth in Part 2
      below; and

	 	 	 	 
	 	(l) 	
      “Triggering Event” means any one of the following
      events occurring without the express or implied agreement of the
      Executive:

	 	 	 	 
	 		(i) 	
      a change (other than those that are clearly consistent
      with a promotion) in the Executive’s position or duties (including any
      position or duties as a director of the Company), responsibilities
      (including a change in the person or body to whom the Executive reports at
      the date of a Change in Control, except if such person or body is of
      equivalent rank or stature or such change is as a result of the
      resignation or removal of such person or the persons comprising such body,
      as the case may be, and who reports to the Executive), title or office in
      effect immediately prior to a Change in Control;

	 	 	 	 
	 		(ii) 	
      a reduction by the Company or any of its subsidiaries of
      the Executive’s compensation, benefits or any other form of remuneration
      or any change in the basis upon which the Executive’s compensation,
      benefits or any other form of remuneration payable by the Company or its
      subsidiaries is determined or any failure by the Company to increase the
      Executive’s, benefits or other forms of remuneration payable by the
      Company or its subsidiaries in a manner consistent (both as to frequency
      and percentage increase) with practices in effect immediately prior to a
      Change in Control or with practices implemented subsequent to a Change in
      Control with respect to the senior executives of the Company and its
      subsidiaries, whichever is more favourable to the Executive;

	 	 	 	 
	 		(iii) 	
      any failure by the Company or its subsidiaries to
      continue in effect any benefit or stock ownership plan in which the
      Executive was entitled to participate immediately prior to a Change in
      Control, or the Company or its subsidiaries taking any action or failing
      to take any action that would adversely affect the Executive’s
      participation in or reduce its rights or benefits under or pursuant to any
      such plan, or the Company or its subsidiaries failing to increase or
      improve such rights or benefits on a basis consistent with practices in
      effect immediately prior to a Change in Control or with practices implemented subsequent to a
      Change in Control, whichever is more favourable to the
Executive;

5 

	 	(iv) 	
      any breach by the Company of any provision of this
      Agreement;

	 	 	 
	 	(v) 	
      the good faith determination by the Executive that, as a
      result of a Change in Control or any action or event thereafter, the
      Executive’s status or responsibility in the Company or its subsidiaries
      have been diminished or the Executive is being effectively prevented from
      carrying out its duties responsibilities as they existed immediately prior
      to a Change in Control; or

	 	 	 
	 	(vi) 	
      the failure by the Company to obtain, in a form
      satisfactory to the Executive, an effective assumption of its obligations
      hereunder by any successor to the Company, including a successor to a
      material portion of its business.

	2. 	
      TERMS OF EMPLOYMENT

	 	 	 
	2.1 	
      The Company engages the Executive as the Company’s Chief
      Financial Officer with effect from the date of this Agreement for an
      initial term of twenty-four (24) months, which term will automatically
      renew for successive one year periods provided that the Company has not
      given the Executive notice in writing of its intention not to renew this
      Agreement (the “Term”) not less than one hundred and eighty (180) calendar
      days prior to the expiration of the Term.

	 	 	 
	2.2 	
      The Executive shall serve and perform in the capacity
      described in Section 2.1 hereof and shall have such duties,
      responsibilities, and authorities as are designated for such office
      pursuant to the Articles of the Company and as may be reasonably assigned
      to the Executive from time to time. Subject to the discretion of the Chief
      Executive Officer and, where applicable, the Board, the Executive shall be
      responsible for, and shall have commensurate authority to oversee the
      Company’s finances and reporting obligations, including but not limited
      to:

	 	 	 
		(a) 	
      designing, implementing, supervising and updating from
      time to time the Company’s internal controls, including policies and
      procedures relating to management of the Company’s finances;

	 	 	 
		(b) 	
      preparing, circulating, reviewing and finalizing the
      Company’s operating and capital budgets, financial projections and related
      forecasts, and reconciling such forecasts against the Company’s actual
      financial results;

	 	 	 
		(c) 	
      implementing systems to ensure proper payment of the
      Company’s payables and its payroll;

	 	 	 
		(d) 	
      preparing, circulating, reviewing and finalizing the
      Company’s financial statements and other reports required by applicable
      corporate and securities laws, ensuring that such reports are timely filed
      as required, and managing all of the Company’s other continuous reporting
      obligations and corporate filings;

6 

	 	(e) 	
      hiring and managing appropriate staff, on a
      cost-effective basis and within approved budgets, to ensure timely
      performance of the Executive’s responsibilities as detailed
  herein;

	 	 	 
	 	(f) 	
      performing any and all other duties the Executive shall
      deem necessary or appropriate for the efficient management and operation
      of the Company’s business and discharging the Executive’s duties as Chief
      Financial Officer; and

	 	 	 
	 	(g) 	
      such other responsibilities as may be reasonably assigned
      by the CEO from time to time.

	2.3 	
      The Executive agrees to devote substantially all of the
      Executive’s time, best efforts, abilities, knowledge and experience to the
      faithful performance of the duties, responsibilities, and authorities
      which may be reasonably assigned to the Executive and which are consistent
      with the Executive’s executive offices described under Section 2.1,
      provided the Executive shall not engage in any business which is in direct
      competition with the Company or any subsidiary, and provided that the
      Executive’s other business activities shall not interfere with, or prevent
      the Executive from fulfilling, his obligations to the Company hereunder.
      Notwithstanding the preceding, the Executive may, without being in
      violation of the Executive’s obligations hereunder, (i) serve on
      corporate, civic or charitable boards, or committees which are not engaged
      in business in competition with the Company or any subsidiary; (ii)
      deliver lectures, accept and fulfill speaking engagements, teach at
      educational institutions and seminars and write or publish papers,
      articles or books; and (iii) invest the Executive’s personal assets in
      such form or manner as will not require any material services by the
      Executive in the operation of the entities in which such investments are
      made, provided the Executive shall use his best efforts to pursue such
      activities in such a manner so that such activities shall not prevent the
      Executive from fulfilling his obligations to the Company
  hereunder.

	 	 
	2.4 	
      In connection with the Executive’s employment by the
      Company during the Term, the Executive shall be based and the Executive’s
      services shall be performed at the Company’s principal office in Hayden,
      Idaho, the Company’s office in Whitehorse and Brewery Creek, Yukon
      Territory or at any office or location as agreed to by the Executive and
      the CEO, save and except for reasonable travel required in connection with
      the Company’s business consistent with the Executive’s position as Chief
      Financial Officer of the Company.

	 	 
	3. 	
      REMUNERATION AND BENEFITS

	 	 
	3.1 	
      The Company shall pay the Executive, as compensation for
      services rendered by the Executive under this Agreement, a base salary, on
      an annualized basis (the “Annual Base Salary”) of One Hundred and Eighty
      Thousand and No/100 United States Dollars (USD $180,000.00) during the
      Term of this Agreement. The Annual Base Salary shall be subject to all
      appropriate federal and provincial withholding and payroll taxes and shall
      be paid by the Company to the Executive in accordance with the regular
      payroll policies and practices of the Company. The Company ’s compensation
      of the Executive by payments of the Annual Base Salary pursuant to this
      Section 3.1 shall not be deemed exclusive and shall not prevent the
      Executive from participating in any other compensation or benefit
      plan of the Company, nor shall such compensation in any way limit or
      reduce any other obligation of the Company hereunder; and, except to the
      extent specifically set forth herein, no other compensation, benefit or
      payment hereunder shall in any way limit or reduce the obligation of the
      Company to pay the Annual Base Salary to the Executive during the term of
  this Agreement.

7 

	3.2 	
      For work in Canada the Executive remuneration will be
      subject to payroll deductions in accordance with applicable Canadian laws,
      and for work in the United States the remuneration will be subject to
      payroll deductions in accordance with applicable American laws. The
      Executive will allocate time between projects as well as record which
      jurisdiction services are being performed in. In the event that the net
      take- home pay as a result of working in Canada is less than take-home
      would be if worked entirely in the United States, Company will top-up the
      Executive’s salary to account for the difference so that the net pay
      remains the same. The Company will assist the Executive with filing any
      required tax returns in Canada and the United States and will cover all
      reasonable costs. The Company will cover any additional tax liabilities on
      annual tax filings that result from the Executive working in multiple
      jurisdictions.

	 	 
	3.3 	
      In addition to the Annual Base Salary set forth in
      Section 3.1 hereof and any other amounts of compensation payable to the
      Executive pursuant to any other provisions of this Agreement, the Company
      may also pay the Executive discretionary annual bonus compensation (the
      “Annual Bonus Compensation”), in the form of cash or shares of the common
      stock of the Company in such amount, if any, determined by the Board, or
      any duly authorized committee thereof, to be proper and appropriate for
      each fiscal year of the Company during the term of this Agreement,
      provided that the Annual Bonus Compensation may not exceed 50% of the
      Annual Base Salary. Such Annual Bonus Compensation shall be based upon
      such factors as the Board, or any duly authorized committee thereof, shall
      deem appropriate and consistent with factors applicable to other executive
      officers of the Company, including (i) the Executive’s contributions to
      the success of the business operations of the Company, its divisions and
      its subsidiaries for each fiscal year of the Company during the term
      hereof; (ii) the Company’s share price performance viewed objectively as
      well as against its peer group within the industry ; (iii) the success of
      the Company’s exploration activities; (iv) the increase in mineral
      reserves to the asset base of the Company, its divisions and its
      Subsidiaries; (iv) the consolidated revenues, expenses and profits of the
      Company, its divisions and its subsidiaries for each fiscal year of the
      Company during the term hereof, as determined in accordance with generally
      accepted accounting principles; ; and (v) the general overall economic
      performance of the Company, its divisions and its subsidiaries for each
      fiscal year of the Company.

	 	 
	3.4 	
      The Company shall also reimburse the Executive for any
      reasonable out-of-pocket expenses incurred by the Executive in accordance
      with the Company’s standard expense practices. Prior to the reimbursement
      of such expenses, the Company shall require the Executive to prepare a
      summary of the expenses incurred and submit it to the Company together
      with appropriate supporting receipts, invoices, or other documentation
      acceptable to the Company. The Company may make an advance to cover such
      expenses, such advances being repayable to the extent remaining upon
      termination of this Agreement.

8 

	3.5 	
      In addition to the Annual Base Salary and any Annual
      Bonus Compensation payable to the Executive hereunder, the Executive shall
      be entitled to participate in the Company’s health, dental, disability and
      life insurance plans (if any) provided that the Executive satisfies the
      eligibility requirements therefor, provided that nothing herein will
      obligate the Company to institute such plans.

	 	 
	3.6 	
      The Executive shall be entitled to a reasonable paid
      vacation of not less than twenty (20) business days each calendar year
      during the Employment Period, exclusive of holidays and weekends, which
      vacation shall be taken by the Executive in accordance with the Company’s
      vacation plans, policies and practices as then in effect and with a view
      to the business requirements of the Company. The Executive shall also be
      entitled to compensation in respect of earned or accrued but unused
      vacation time based on the Executive’s Annual Base Salary.

	 	 
	3.7 	
      During the Term the Company shall provide, at its
      expense, appropriate and adequate office space, furniture, communications,
      stenographic and word-processing equipment, supplies, personnel (including
      as required professional, clerical, support and other personnel) and such
      other facilities and services as shall be suitable to the Executive’s
      position and adequate for the Executive’s use in performing the
      Executive’s duties and responsibilities under this Agreement.

	 	 
	3.8 	
      The Company will cover the actual relocation costs borne
      to the Executive and additionally, will provide USD $10,000 to facilitate
      relocation from Washington area to Coeur d’Alene, Idaho area. These terms
      are recoverable pro-rata should the Executive leave the Company and accept
      another position within 50 miles of Coeur d’Alene during the first 12
      months of this Agreement.

	 	 
	4. 	
      CONFIDENTIAL INFORMATION AND PROPERTY OF THE
      COMPANY

	 	 
	4.1 	
      The Executive's Obligations as to Confidential
      Information and Materials. Confidential Information, whether in
      written, oral, magnetic, photographic, optical, or other form and whether
      now existing or developed or created during the period of the Executive's
      relationship or engagement with the Company, excepting information
      obtained from general or public sources, is proprietary to the Company and
      is highly confidential in nature. In this regard, the Executive
      acknowledges that damages pursued by an action at law may not be an
      adequate remedy for the Executive’s breach of its obligations under this
      Part 4, and the Executive agrees that the Company shall be entitled to
      equitable remedies including but not limited to interlocutory or permanent
      injunctions, which the Executive agrees not to oppose.

	 	 
	4.2 	
      Use of Company Communication and Documents Storage
      Systems. The Executive shall send and receive all electronic
      communications through, and shall store copies of all documents material
      to the business and affairs of the Company on, the Company’s server in
      accordance with the Company’s information technology policies and
      procedures as established from time-to-time.

	 	 
	4.3 	
      General Skills. The general skills and Residual
      Information and other experience gained by the Executive during the
      Executive's relationship with the Company, and information within the
      Public Domain or generally known within the industries or trades in which
      the Company competes, is not considered Confidential
  Information.

9 

	4.4 	
      Preservation of Confidential Information. During
      the Executive's relationship with the Company, the Executive may have
      access to all or a portion of the Confidential Information and, as such,
      will occupy a position of trust and confidence with respect to the
      Company's affairs and business. The Executive will take the following
      steps to preserve the confidential and proprietary nature of the
      Confidential Information:

	 	 	 
		(a) 	
      Non-Disclosure. The Executive will not at
      any time disclose or otherwise permit any person or entity access to any
      of the Confidential Information other than as required in the performance
      of the Executive's duties to the Company.

	 	 	 
		(b) 	
      Prevent Disclosure. The Executive will take
      all reasonable precautions to prevent disclosure of the Confidential
      Information and will follow all the Company's reasonable instructions to
      the Executive in respect of the same.

	 	 	 
		(c) 	
      Non-Use. The Executive will not use at any
      time, or otherwise permit any person or entity to use, any of the
      Confidential Information other than as required in the performance of the
      Executive's duties.

	 	 	 
		(d) 	
      Return all Materials. Within five business
      days after the termination of the Executive's relationship with the
      Company, for any reason whatsoever, the Executive will deliver to the
      Company all keys and access cards as well as all tangible materials
      embodying the Confidential Information, including, without limitation, any
      documentation, records, listings, notes, data, sketches, drawings,
      memoranda, models, accounts, reference materials, samples,
      machine-readable media and equipment which in any way relate to the
      Confidential Information.

	4.5 	
      Continuation of Confidentiality Obligations. The
      Executive acknowledges and agrees that the obligations set out in this
      Part are to remain in effect for a period of five (5) years following
      termination of the Executive’s relationship with the Company. The
      Executive further acknowledges that the obligations set out in this Part
      are not in substitution for any obligations which the Executive may now or
      hereafter owe to the Company and which exist apart from this Part 4 and do
      not replace any rights of the Company with respect to any such
      obligations.

	 	 	 
	4.6 	
      Communication of Confidential Information. The
      Executive agrees to communicate to the Company all Confidential
      Information obtained in the course of performing the services.

	 	 	 
	4.7 	
      Confidentiality and Non-Competition. The Executive
      hereby agrees that he will not at any time during the Term and for a
      period of one year thereafter:

	 	 	 
		(a) 	
      knowingly interfere with or endeavour to entice away from
      the Company any of the financiers who were active financiers or
      participated in private placements of the Company or its securities during
      the three year period immediately prior to the termination of the
      Contactor’s relationship with the Company;

10 

	 	(b) 	
      interfere with or knowingly entice away any employee of
      the Company who was an employee of the Company within 120 calendar days of
      the termination of the Executive’s relationship with the
  Company.

	4.8 	
      Notice. If the Executive is required by law, rule,
      regulation, subpoena or regulatory agency or stock exchange rule (“Legal
      Process”) to disclose any Confidential Information, the Executive will
      provide the Company with prompt notice of such requirement, if legally
      practicable, and will use reasonable efforts to obtain confidential
      treatment for any Confidential Information that is required to be
      disclosed prior to making any such disclosure. If, provided that the
      Executive has used reasonable efforts to obtain assurances that
      confidential treatment will be afforded such information, the Executive is
      nonetheless required by Legal Process to disclose any Confidential
      Information, the Executive may only disclose such Confidential Information
      that it is required by law to be disclosed.

	 	 	 
	4.9 	
      Limitation. The provision of this Part 4 shall not
      prevent the Executive, following the termination of this Agreement, from
      providing his services to other natural resource exploration companies,
      including companies working in the same general area of the Company’s
      mineral properties.

	 	 	 
	5. 	
      INTELLECTUAL PROPERTY OF THE COMPANY

	 	 	 
	5.1 	
      Company’s Rights. The Executive agrees that all
      right, title, and interest in or to any and all of the work product of the
      Executive shall be the property of the Company.

	 	 	 
	5.2 	
      Disclosure. The Executive agrees to promptly
      disclose to the Company all of the products of the services hereunder and
      to provide all assistance reasonably requested by the Company in the
      preservation of its interests in the same, such as by executing documents
      or testifying. Regardless of whether this Agreement has been terminated,
      the Executive agrees to execute, acknowledge, and deliver any instruments,
      and to provide whatever other assistance is required to confirm the
      ownership by the Company of such rights. Reasonable expenses incurred for
      such assistance shall be paid by the Company. No additional compensation
      shall be paid to the Executive in respect of any of the matters referred
      to in this Section 5.2.

	 	 	 
	5.3 	
      No Rights. Nothing in this Agreement shall be
      construed to grant to the Executive any express or implied option, license
      or other rights, title or interest in or to the Confidential Information
      or, or obligate either party to enter into any agreement granting any such
      right.

	 	 	 
	6. 	
      TERMINATION

	 	 	 
	6.1 	
      Termination. The Company may terminate this
      Agreement in the following circumstances:

	 	 	 
		(a) 	
      at any time by the Company forthwith, without notice and
      without pay in lieu of notice, for Cause;

	 	 	 
		(b) 	
      automatically upon the death of the Executive;

	 	 	 
		(c) 	
      automatically in the event the Executive is subject to
  any bankruptcy, insolvency or other similar proceeding;

11 

	 	(d) 	
      at any time by notice in writing from the Company to the
      Executive if the Executive shall become permanently disabled; for the
      purposes hereof, the Executive shall be deemed to be permanently disabled
      immediately following any period of 180 consecutive calendar days during
      which the Executive is prevented from performing his duties for more than
      90 calendar days in the aggregate by reason of illness or mental or
      physical disability despite reasonable accommodation efforts of the
      Company;

	 	 	 
	 	(e) 	
      in any other case, by (i) the payment by the Company to
      the Executive in a lump sum equal to twelve months’ Annual Base Salary and
      one-half of the maximum Annual Bonus Compensation (paid in cash, less
      applicable payroll taxes) calculated from the date of termination of his
      employment or at any time following the first year of the Term an amount
      equal to the Annual Base Salary plus one twelfth of the Annual Base Salary
      for each full year of the service since commencement of the Term,
      whichever is greater and (ii) the immediate vesting of any Stock Option
      previously granted to the Executive by the Company or any subsidiary of
      the Company, and the Executive shall be entitled to exercise such Stock
      Option on the terms granted and, notwithstanding any term of the stock
      option plan to the contrary, shall remain exercisable for the original
      term granted and shall not terminate due to the termination of the
      Executive's employment with the Company. In addition, any provisions of
      the Stock Option restricting the number of option shares which may be
      purchased before a particular date shall be waived. The terms of any Stock
      Option agreement shall be deemed amended to reflect the provisions of this
      paragraph (e). The provisions of this paragraph (e) shall be subject to
      applicable securities laws and the rules of any stock exchange on which
      the shares of the Company may be then listed and the receipt of all
      necessary approvals from such securities regulators and exchange, which
      approvals the Company shall use its reasonable commercial efforts to
      obtain in the event of the operation of this paragraph (e). In the event
      that any payment is made to the Executive pursuant to the provisions of
      paragraph (e) the Executive shall not be required in any manner whatsoever
      to mitigate any damages and shall be made regardless of whether the
      Executive seeks or finds alternate employment of any nature whatsoever;
      and

	 	 	 
	 	(f) 	
      by the Executive providing no less than ninety (90)
      calendar days’ notice in writing to the Company. In the event the
      Executive provides such notice to the Company, the Executive’s employment
      shall terminate on the date the period of such notice expires. In such
      circumstance, the Company may request that the Executive cease duties
      prior to the expiry of the notice period.

	6.2 	
      Effect of Termination. Upon the termination of
      this Agreement pursuant to Sections 6.1(a), (b) (c) or (f), the parties
      agree that the Company’s liability to the Executive shall be limited to
      all accrued and unpaid portions of the Annual Base Salary due up to the
      date of termination as well as any Expenses properly incurred prior to the
      date of termination, less any advances against Expenses not accounted
      for.

12 

	7. 	
      CHANGE OF CONTROL

	 	 
	7.1 	
      Notwithstanding anything to the contrary contained in
      this Agreement, if a Change in Control occurs and if, in respect of the
      Executive, a Triggering Event subsequently occurs within two (2) years of
      the Change in Control, the Executive shall be entitled to elect to
      terminate this agreement with the Company and to receive a payment from
      the Company in an amount equal to two times the Annual Base Salary and the
      amount of the Annual Bonus Compensation for the previous year (the “Change
      of Control Payment”). This Section 7.1 shall not apply if such Triggering
      Event follows a Change in Control which involves a sale of securities or
      assets of the Company with which the Executive is involved as a purchaser
      in any manner, whether directly or indirectly (by way of participation in
      a Company or partnership that is a purchaser or by provision of debt,
      equity or purchase-leaseback financing).

	 	 
	7.2 	
      The Change of Control Payment provided for in Section 7.1
      is conditional upon the Executive electing to exercise such right by
      notice given to the Company within 120 calendar days of the Triggering
      Event.

	 	 
	7.3 	
      Notwithstanding the provisions contained in Section
      6.1(e) hereof, the Executive shall be entitled to the Change of Control
      Payment if a Triggering Event does not occur but the Executive is
      dismissed from with the Company without Cause within two (2) years of the
      Change in Control. For greater certainty, the Executive shall not be
      entitled to any payment by the Company pursuant to this Section 7.3 if the
      Executive is dismissed from this employment with the Company for Cause.
      The Company shall not dismiss the Executive for any reason unless such
      dismissal is specifically approved by the Board.

	 	 
	7.4 	
      The Change of Control Payment shall be in lieu of all
      other notice or damage claims as regards dismissal or termination of the
      Executive's employment with the Company or any subsidiary of the Company
      after a Change in Control and the arrangements provided for herein shall
      not be considered in any judicial determination of appropriate damages at
      common law for dismissal without Cause, other than as provided for in this
      Agreement.

	 	 
	7.5 	
      In the event that the Executive is entitled to a Change
      of Control Payment, the Executive shall be entitled to continue to
      participate in any benefit package for a period of 12 months after the
      date of the giving of notice by the Executive pursuant to Section 7.2, or
      the dismissal of the Executive's contract pursuant to Section 7.3, as the
      case may be.

	 	 
	7.6 	
      In the event that the Executive is entitled to a Change
      of Control Payment, any Stock Option previously granted to the Executive
      by the Company or any subsidiary of the Company shall become fully vested,
      in which case the Executive shall be entitled to exercise such Stock
      Option on the terms granted and, notwithstanding any term of the stock
      option plan to the contrary, shall remain exercisable for the original
      term granted and shall not terminate due to the termination of the
      Executive's employment with the Company. In addition, any provisions of
      the Stock Option restricting the number of option shares which may be
      purchased before a particular date shall be waived. The terms of any Stock
      Option agreement shall be deemed amended to reflect the provisions of this
      Section 7.6. The provisions of this Section 7.6 shall be subject to
      applicable securities laws and the rules of any stock exchange on which
      the shares of the Company may be then listed and the receipt
      of all necessary approvals from such securities regulators and exchange,
      which approvals the Company shall use its reasonable commercial efforts to
  obtain in the event of the operation of this Section 7.6.

13 

	7.7 	
      Any payment to be made by the Company pursuant to the
      terms of Part 7 shall be paid (i) by the Company in cash in a lump sum
      within five business days of the giving of notice by the Executive
      pursuant to Section 7.2, (ii) within five business days of the termination
      or dismissal from the Executive's employment as referred to in Section
      7.3, or (iii) in such manner as may be agreed to by the Company and the
      Executive. Any such payment shall be calculated, in the case of Section
      7.1 at the date of giving notice pursuant to Section 7.2 and, in the case
      of Section 7.3, at the date of dismissal or termination, as the case may
      be.

	 	 
	7.9 	
      In the event that any payment is made to the Executive
      pursuant to the provisions of Section 7.1 or Section 7.3, as the case may
      be, the Executive shall not be required in any manner whatsoever to
      mitigate any damages. Furthermore, the payment referred to in Section 7.1
      or Section 7.3, as the case may be, shall be made regardless of whether
      the Executive seeks or finds alternate employment of any nature
      whatsoever.

	 	 
	8. 	
      NOTICE

	 	 
	8.1 	
      Unless otherwise permitted by this Agreement, all
      notices, requests, demands and other communications hereunder shall be in
      writing and shall be deemed to have been fully given if personally
      delivered to the party to whom the notice or other communication is
      directed or if mailed by prepaid registered mail on the fifth business day
      after the date on which it is so mailed (provided that if there is an
      interruption in the regular postal service during such period arising out
      if a strike, lockout, work slow-down or similar labour dispute in the
      postal system, all days during which such interruption occurs shall not be
      counted:

Notice to the Company: 

GOLDEN PREDATOR MINES US INC.

11521 North Warren Street 
Hayden, Idaho 
USA 83835 
Attention:
Chief Executive Officer 

Notice to the Executive: 

TIMOTHY P. LEYBOLD 
177
107TH Ave. NE #912,
Bellevue, WA 98004 

or to such other address as each party
may from time to time notify the other of in writing. Notices may not be given
by facsimile.

14 

	9. 	
      MISCELLANEOUS

	 	 
	9.1 	
      This Agreement contains the entire understanding and
      agreement between the parties and supersedes all prior communications,
      representations and agreements whether verbal or written between the
      parties with respect to the subject matter hereof. This Agreement may be
      amended or modified only by written instrument signed by all parties
      hereto.

	 	 
	9.2 	
      The rights and obligations of the parties set out under
      Parts 4, 5 and 9 of this Agreement survive the termination of this
      Agreement insofar as is necessary to give full effect to the terms
      hereof.

	 	 
	9.3 	
      The provisions of this Agreement shall be governed by and
      interpreted in accordance with the laws of Idaho. The parties irrevocably
      attorn to the exclusive jurisdiction of the courts of Idaho with respect
      to any legal proceedings arising here from.

	 	 
	9.4 	
      The Company has obtained legal advice concerning this
      Agreement and has requested that the Executive obtain independent legal
      advice with respect to this Agreement. The Executive hereby represents and
      warrants to the Company that it has been advised to obtain independent
      legal advice, and that prior to the execution of this Agreement he has
      obtained independent legal advice or has, in his discretion, knowingly and
      willingly elected not to do so.

	 	 
	9.5 	
      The invalidity or unenforceability of any particular
      provision of this Agreement shall not affect any other provision thereof,
      and this Agreement shall be construed as though such invalid or
      unenforceable provision were omitted.

15 

IN WITNESS WHEREOF the parties have executed this
Agreement with effect from the date first written above. 

GOLDEN PREDATOR CORP. 

Per: “/s/ William M. Sheriff”

      Authorized Signatory 

	SIGNED, SEALED AND DELIVERED 	) 	  
	in the presence of 	) 	  
	  	) 	  
	  	) 	“/s/ Timothy P. Leybold” 
	“/s/ Amanda Lloyd” 	  	  
	Witness 	) 	TIMOTHY P. LEYBOLDTill Capital Ltd. - Exhibit 4.4  - Filed by newsfilecorp.com

EXECUTIVE EMPLOYMENT AGREEMENT 

THIS AGREEMENT IS MADE effective the 1st day
of December, 2011. 

BETWEEN: 

  
    
      
        GOLDEN PREDATOR CORP., as parent company of GOLDEN PREDATOR
          MINES US INC. 11521 North Warren Street, Hayden, Idaho, USA 83835
        

        (hereinafter called the “Company”) 

      

    

  

OF THE FIRST PART, 

  
    
      
        - and - 

        MICHAEL G. MASLOWSKI 

        (hereinafter called the “Executive”) 

      

    

  

OF THE SECOND PART. 

       
    WHEREAS the Company is engaged in the business of
locating, acquiring and exploring natural resource mineral properties; 

         
  AND WHEREAS the Executive is willing to serve the Company in
the capacity and on the terms and conditions herein provided; 

NOW THEREFORE IT IS HEREBY AGREED AS FOLLOWS: 

	1. 	
      DEFINITIONS

	 	 
	1.1 	
      In this Agreement the following terms shall have the
      following meanings:

	 	(a) 	
      “Agreement” means this agreement as it may be
      amended or supplemented from time to time; and the expressions “hereof”,
      “herein”, “hereto”, “hereunder”, “hereby” and similar expressions refer to
      this agreement and unless otherwise indicated, references to “Sections” or
      “Parts” are references to sections or parts in this Agreement;

	 	 	 	 
	 	(b) 	
      “Board” means the board of directors of the
      Company;

	 	 	 	 
	 	(c) 	
      “Cause” means:

	 	 	 	 
	 		(i) 	
      the failure or refusal of the Executive to perform his
      duties and responsibilities at an acceptable level or standard, or to
      comply with the Company’s policies and procedures as instituted from
      time-to-time, provided that the Executive has been provided written notice
      of such failure and has not corrected its behaviour within 30 calendar
      days of receiving such notice and provided further that the Executive
      shall only be entitled to correct his behaviour pursuant to such notice on
      a one- time basis. For purposes of clarity, any subsequent failure or
      refusal to perform his duties and responsibilities at an acceptable
      level or standard will not require written notice of such failure by the
      Company and corresponding opportunity for the Executive to correct the
  behaviour;

2 

	 	(ii) 	
      any dishonesty on the part of the Executive affecting the
      Company;

	 	 	 
	 	(iii) 	
      the conviction of the Executive for an indictable offence
      or for any crime involving moral turpitude, fraud or
    misrepresentation;

	 	 	 
	 	(iv) 	
      excessive use of alcohol or illegal drugs by the
      Executive interfering with the performance of his obligations under this
      Agreement and the failure to participate fully in any employee assistance
      program offered by the Company;

	 	 	 
	 	(v) 	
      any willful and intentional act on the part of the
      Executive having the effect of materially injuring the reputation,
      business or business relationships of the Company;

	 	 	 
	 	(vi) 	
      any material breach (not covered by any of the above (i)
      through (v) above) of any of the provisions of this Agreement;
  and

	 	 	 
	 	(vii) 	
      any other act or omission which at law would entitle the
      Company to terminate this Agreement.

	 	(d) 	
      “Change of Control” means a transaction or series
      of transactions whereby directly or indirectly:

	 	 	 	 
	 		(i) 	
      any person or combination of persons obtains a sufficient
      number of securities of the Company to affect materially the control of
      the Company; for the purposes of this Agreement, a person or combination
      of persons holding shares or other securities in excess of the number
      which, directly or following conversion thereof, would entitle the holders
      thereof to cast 25% or more of the votes attaching to all shares of the
      Company which may be cast to elect directors of the Company, shall be
      deemed to be in a position to affect materially the control of the
      Company;

	 	 	 	 
	 		(ii) 	
      the Company shall consolidate or merge with or into,
      amalgamate with, or enter into a statutory arrangement with, any other
      person (other than a subsidiary of the Company) or any other person (other
      than a subsidiary of the Company) shall consolidate or merge with or into,
      or amalgamate with or enter into a statutory arrangement with, the
      Company, and, in connection therewith, all or part of the outstanding
      voting shares shall be changed in any way, reclassified or converted into,
      exchanged or otherwise acquired for shares or other securities of the
      Company or any other person or for cash or any other property;

	 	 	 	 
	 		(iii) 	
      the Company shall sell or otherwise transfer, including
      by way of the grant of a leasehold interest (or one or more of its
      subsidiaries shall sell or otherwise transfer, including by way of the
      grant of a leasehold interest), property or assets (A) aggregating more
      than 50% of the consolidated assets (measured by either book value or
      fair market value) of the Company and its subsidiaries as at the end of
      the most recently completed financial year of the Company or (B) which
      during the most recently completed financial year of the Company
      generated, or during the then current financial year of the Company are
      expected to generate, more than 50% of the consolidated operating income
      or cash flow of the Company and its subsidiaries, to any other person or
      persons (other than the Company or one or more of its subsidiaries);
  or

3 

	 	(iv) 	
      there occurs a change in the composition of the Board,
      which occurs at a single meeting, or a succession of meetings occurring
      within 6 months of each other, of the shareholders of the Company, whereby
      such individuals who were members of the Board immediately prior to such
      meeting or succession of meetings cease to constitute a majority of the
      Board without the Board, as constituted immediately prior to such meeting,
      approving of such change.

	 	(e) 	
      “Confidential Information” means information of a
      sensitive nature related to the Company or its business including, but not
      limited to information pertaining to the Company’s costs, sales, income,
      profit, profitability, pricing, salaries or wages, marketing information,
      corporate information and intellectual property. “Confidential
      Information” does not include any information that, through no fault of
      the receiving party:

	 	 	 	 
	 		(i) 	
      is within the Public Domain at the date of its disclosure
      to the receiving party, or subsequently enters the Public Domain (but only
      after it enters the Public Domain); or

	 	 	 	 
	 		(ii) 	
      is or becomes (but only after it
  becomes):

	 	(A) 	
      independently developed by or on behalf of the receiving
      party as shown by documentary evidence; or

	 	 	 
	 	(B) 	
      disclosed to the receiving party by a third party not
      having an obligation of confidence to the proprietor of the information as
      shown by the documentary evidence; or

	 	(iii) 	
      is Residual Information.

	 		
      No combination of information shall be deemed to be
      within any of the above exceptions, whether or not the component parts of
      the combination are within one or more of the exceptions in Sections
      1(e)(i) and (ii), unless the combination itself and its economic value and
      principles of operation are themselves so excepted;

	 	 	 
	 	(f) 	
      “Company” means Golden Predator Corp., as parent
      company of Golden Predator Mines US Inc. a Company governed by the laws of
      Nevada;

	 	 	 
	 	(g) 	
      “Person” means any individual, partnership,
      limited partnership, joint venture, syndicate, sole proprietorship,
      company or Company with or without share capital, unincorporated
      association, trust, trustee, executor,
administrator or other legal personal representative, regulatory body
      or agency, government or governmental agency, authority or entity however
  designated or constituted;

4 

	 	(h) 	
      “Public Domain” means readily accessible to the
      public in a written publication, and does not include information that is
      only available by substantial searching of the published literature, and
      information the substance of which must be pieced together from a number
      of different publications and/or sources;

	 	 	 	 
	 	(i) 	
      “Residual Information” means general information
      not specified as being confidential in nature by the Company that is in
      tangible form and is retained in memory by the Executive who have had
      access to Confidential Information including ideas, concepts, know-how and
      techniques or business opportunities that have been considered by the
      Company but rejected or unsuccessfully pursued by the Company;

	 	 	 	 
	 	(j) 	
      “Share Option” means any stock option granted
      under a stock option or share purchase plan of the Company;

	 	 	 	 
	 	(k) 	
      “Term” shall have the meaning set forth in Part 2
      below; and

	 	 	 	 
	 	(l) 	
      “Triggering Event” means any one of the following
      events occurring without the express or implied agreement of the
      Executive:

	 	 	 	 
	 		(i) 	
      a change (other than those that are clearly consistent
      with a promotion) in the Executive’s position or duties (including any
      position or duties as a director of the Company), responsibilities
      (including a change in the person or body to whom the Executive reports at
      the date of a Change in Control, except if such person or body is of
      equivalent rank or stature or such change is as a result of the
      resignation or removal of such person or the persons comprising such body,
      as the case may be, and who reports to the Executive), title or office in
      effect immediately prior to a Change in Control;

	 	 	 	 
	 		(ii) 	
      a reduction by the Company or any of its subsidiaries of
      the Executive’s compensation, benefits or any other form of remuneration
      or any change in the basis upon which the Executive’s compensation,
      benefits or any other form of remuneration payable by the Company or its
      subsidiaries is determined or any failure by the Company to increase the
      Executive’s, benefits or other forms of remuneration payable by the
      Company or its subsidiaries in a manner consistent (both as to frequency
      and percentage increase) with practices in effect immediately prior to a
      Change in Control or with practices implemented subsequent to a Change in
      Control with respect to the senior executives of the Company and its
      subsidiaries, whichever is more favourable to the Executive;

	 	 	 	 
	 		(iii) 	
      any failure by the Company or its subsidiaries to
      continue in effect any benefit or stock ownership plan in which the
      Executive was entitled to participate immediately prior to a Change in
      Control, or the Company or its subsidiaries taking any action or failing
      to take any action that would adversely affect the Executive’s
      participation in or reduce its rights or benefits under or pursuant to any such plan, or the
      Company or its subsidiaries failing to increase or improve such rights or
      benefits on a basis consistent with practices in effect immediately prior
      to a Change in Control or with practices implemented subsequent to a
      Change in Control, whichever is more favourable to the
Executive;

5 

	 	(iv) 	
      any breach by the Company of any provision of this
      Agreement;

	 	 	 
	 	(v) 	
      the good faith determination by the Executive that, as a
      result of a Change in Control or any action or event thereafter, the
      Executive’s status or responsibility in the Company or its subsidiaries
      have been diminished or the Executive is being effectively prevented from
      carrying out its duties responsibilities as they existed immediately prior
      to a Change in Control; or

	 	 	 
	 	(vi) 	
      the failure by the Company to obtain, in a form
      satisfactory to the Executive, an effective assumption of its obligations
      hereunder by any successor to the Company, including a successor to a
      material portion of its business.

	2. 	
      TERMS OF EMPLOYMENT

	 	 
	2.1 	
      The Company engages the Executive as the Company’s Chief
      Operating Officer with effect from the date of this Agreement for an
      initial term of twenty-four (24) months, which term will automatically
      renew for successive one year periods provided that the Company has not
      given the Executive notice in writing of its intention not to renew this
      Agreement (the “Term”) not less than one hundred and eighty (180) calendar
      days prior to the expiration of the Term.

	 	 
	2.2 	
      The Executive shall serve and perform in the capacities
      described in Section 2.1 hereof and shall have such duties,
      responsibilities, and authorities as are designated for such offices
      pursuant to the Bylaws of the Company, and as may be reasonably assigned
      to the Executive from time to time by the Chief Executive Officer. Subject
      to the discretion of the Chief Executive Officer, the Executive shall, and
      shall have commensurate authority to formulate, and as directed by the CEO
      implement the Company’s mission statement; The Executive is accountable
      for ensuring that business strategies, production, and development targets
      are achieved as scheduled and within budgeted cost constraints. The
      Executive will provide leadership, oversight and guidance to the Company’s
      operations, while maintaining a strong awareness of corporate financial
      capabilities and share market requirements. The Executive shall report and
      be responsible to the Chief Executive Officer.

	 	 
	2.3 	
      The Executive agrees to devote not less than 90% of the
      Executive’s time, best efforts, abilities, knowledge and experience to the
      faithful performance of the duties, responsibilities, and authorities
      which may be reasonably assigned to the Executive and which are consistent
      with the Executive’s executive offices described under Section 2.1,
      provided the Executive shall not engage in any business which is in direct
      competition with the Company or any subsidiary, and provided that the
      Executive’s other business activities shall not interfere with, or prevent
      the Executive from fulfilling, his obligations to the Company hereunder.
      Notwithstanding the preceding, the Executive may, without being in
      violation of the Executive’s obligations hereunder, (i) serve on corporate, civic or charitable
      boards, or committees which are not engaged in business in competition
      with the Company or any subsidiary; (ii) deliver lectures, accept and
      fulfill speaking engagements, teach at educational institutions and
      seminars and write or publish papers, articles or books; and (iii) invest
      the Executive’s personal assets in such form or manner as will not require
      any material services by the Executive in the operation of the entities in
      which such investments are made, provided the Executive shall use his best
      efforts to pursue such activities in such a manner so that such activities
      shall not prevent the Executive from fulfilling his obligations to the
  Company hereunder.

6 

	2.4 	
      In connection with the Executive’s employment by the
      Company during the Term, the Executive shall be based and the Executive’s
      services shall be performed at the Company’s principal office in
      Whitehorse, Yukon Territory, the Company’s principal office in Hayden,
      Idaho, or at any office or location as agreed to by the Executive and the
      CEO, save and except for reasonable travel required in connection with the
      Company’s business consistent with the Executive’s position as Chief
      Operating Officer of the Company.

	 	 
	3. 	
      REMUNERATION AND BENEFITS

	 	 
	3.1 	
      The Company shall pay the Executive, as compensation for
      services rendered by the Executive under this Agreement, a base salary, on
      an annualized basis (the “Annual Base Salary”) of One Hundred and
      Ninety-five Thousand and No/100 United States Dollars (USD $195,000.00)
      during the Term of this Agreement. The Annual Base Salary shall be subject
      to all appropriate federal and provincial withholding and payroll taxes
      and shall be paid by the Company to the Executive in accordance with the
      regular payroll policies and practices of the Company. The Company ’s
      compensation of the Executive by payments of the Annual Base Salary
      pursuant to this Section 3.1 shall not be deemed exclusive and shall not
      prevent the Executive from participating in any other compensation or
      benefit plan of the Company, nor shall such compensation in any way limit
      or reduce any other obligation of the Company hereunder; and, except to
      the extent specifically set forth herein, no other compensation, benefit
      or payment hereunder shall in any way limit or reduce the obligation of
      the Company to pay the Annual Base Salary to the Executive during the term
      of this Agreement.

	 	 
	3.2 	
      For work in Canada the Executive remuneration will be
      subject to payroll deductions in accordance with applicable Canadian laws,
      and for work in the United States the remuneration will be subject to
      payroll deductions in accordance with applicable American laws. The
      Executive will allocate time between projects as well as record which
      jurisdiction services are being performed in. In the event that the net
      take- home pay as a result of working in Canada is less than take-home
      would be if worked entirely in the United States, Company will top-up the
      Executive’s salary to account for the difference so that the net pay
      remains the same. The Company will assist the Executive with filing any
      required tax returns in Canada and the United States and will cover all
      reasonable costs. The Company will cover any additional tax liabilities on
      annual tax filings that result from the Executive working in multiple
jurisdictions.

7 

	3.3 	In addition to the Annual Base Salary set forth in
      Section 3.1 hereof and any other amounts of compensation payable to the
      Executive pursuant to any other provisions of this Agreement, the Company
      may also pay the Executive discretionary annual
      bonus compensation (the “Annual Bonus Compensation”), in the
      form of cash or shares of the common stock of the Company in such amount,
      if any, determined by the Board, or any duly authorized committee thereof,
      to be proper and appropriate for each fiscal year of the Company during
      the term of this Agreement, provided that the Annual Bonus Compensation
      may not exceed 50% of the Annual Base Salary. Such Annual Bonus
      Compensation shall be based upon such factors as the Board, or any duly
      authorized committee thereof, shall deem appropriate and consistent with
      factors applicable to other executive officers of the Company, including
      (i) the Executive’s contributions to the success of the business
      operations of the Company, its divisions and its subsidiaries for each
      fiscal year of the Company during the term hereof; (ii) the Company’s
      share price performance viewed objectively as well as against its peer
      group within the industry ; (iii) the success of the Company’s exploration
      activities; (iv) the increase in mineral reserves to the asset base of the
      Company, its divisions and its Subsidiaries; (iv) the consolidated
      revenues, expenses and profits of the Company, its divisions and its
      subsidiaries for each fiscal year of the Company during the term hereof,
      as determined in accordance with generally accepted accounting principles;
      ; and (v) the general overall economic performance of the Company, its
      divisions and its subsidiaries for each fiscal year of the
  Company.

	 	 
	3.4 	
      The Company shall also reimburse the Executive for any
      reasonable out-of-pocket expenses incurred by the Executive in accordance
      with the Company’s standard expense practices. Prior to the reimbursement
      of such expenses, the Company shall require the Executive to prepare a
      summary of the expenses incurred and submit it to the Company together
      with appropriate supporting receipts, invoices, or other documentation
      acceptable to the Company. The Company may make an advance to cover such
      expenses, such advances being repayable to the extent remaining upon
      termination of this Agreement.

	 	 
	3.5 	
      In addition to the Annual Base Salary and any Annual
      Bonus Compensation payable to the Executive hereunder, the Executive shall
      be entitled to participate in the Company’s health, dental, disability and
      life insurance plans (if any) provided that the Executive satisfies the
      eligibility requirements therefor, provided that nothing herein will
      obligate the Company to institute such plans.

	 	 
	3.6 	
      The Executive shall be entitled to a reasonable paid
      vacation of not less than twenty (20) business days each calendar year
      during the Employment Period, exclusive of holidays and weekends, which
      vacation shall be taken by the Executive in accordance with the Company’s
      vacation plans, policies and practices as then in effect and with a view
      to the business requirements of the Company. The Executive shall also be
      entitled to compensation in respect of earned or accrued but unused
      vacation time based on the Executive’s Annual Base Salary.

	 	 
	3.7 	
      During the Term the Company shall provide, at its
      expense, appropriate and adequate office space, furniture, communications,
      stenographic and word-processing equipment, supplies, personnel (including
      as required professional, clerical, support and other personnel) and such
      other facilities and services as shall be suitable to the Executive’s
      position and adequate for the Executive’s use in performing the
      Executive’s duties and responsibilities under this
  Agreement.

8 

	4. 	
      CONFIDENTIAL INFORMATION AND PROPERTY OF THE
      COMPANY

	 	 	 
	4.1 	
      The Executive's Obligations as to Confidential
      Information and Materials. Confidential Information, whether in
      written, oral, magnetic, photographic, optical, or other form and whether
      now existing or developed or created during the period of the Executive's
      relationship or engagement with the Company, excepting information
      obtained from general or public sources, is proprietary to the Company and
      is highly confidential in nature. In this regard, the Executive
      acknowledges that damages pursued by an action at law may not be an
      adequate remedy for the Executive’s breach of its obligations under this
      Part 4, and the Executive agrees that the Company shall be entitled to
      equitable remedies including but not limited to interlocutory or permanent
      injunctions, which the Executive agrees not to oppose.

	 	 	 
	4.2 	
      Use of Company Communication and Documents Storage
      Systems. The Executive shall send and receive all electronic
      communications through, and shall store copies of all documents material
      to the business and affairs of the Company on, the Company’s server in
      accordance with the Company’s information technology policies and
      procedures as established from time-to-time.

	 	 	 
	4.3 	
      General Skills. The general skills and Residual
      Information and other experience gained by the Executive during the
      Executive's relationship with the Company, and information within the
      Public Domain or generally known within the industries or trades in which
      the Company competes, is not considered Confidential
Information.

	 	 	 
	4.4 	
      Preservation of Confidential Information. During
      the Executive's relationship with the Company, the Executive may have
      access to all or a portion of the Confidential Information and, as such,
      will occupy a position of trust and confidence with respect to the
      Company's affairs and business. The Executive will take the following
      steps to preserve the confidential and proprietary nature of the
      Confidential Information:

	 	 	 
		(a) 	
      Non-Disclosure. The Executive will not at
      any time disclose or otherwise permit any person or entity access to any
      of the Confidential Information other than as required in the performance
      of the Executive's duties to the Company.

	 	 	 
		(b) 	
      Prevent Disclosure. The Executive will take
      all reasonable precautions to prevent disclosure of the Confidential
      Information and will follow all the Company's reasonable instructions to
      the Executive in respect of the same.

	 	 	 
		(c) 	
      Non-Use. The Executive will not use at any
      time, or otherwise permit any person or entity to use, any of the
      Confidential Information other than as required in the performance of the
      Executive's duties.

	 	 	 
		(d) 	
      Return all Materials. Within five business
      days after the termination of the Executive's relationship with the
      Company, for any reason whatsoever, the Executive will deliver to the
      Company all keys and access cards as well as all tangible materials
      embodying the Confidential Information, including, without limitation, any
      documentation, records, listings, notes, data, sketches, drawings,
      memoranda, models, accounts, reference materials, samples,
      machine-readable media and equipment which in any way relate to the
      Confidential Information.

9 

	4.5 	
      Continuation of Confidentiality Obligations. The
      Executive acknowledges and agrees that the obligations set out in this
      Part are to remain in effect for a period of five (5) years following
      termination of the Executive’s relationship with the Company. The
      Executive further acknowledges that the obligations set out in this Part
      are not in substitution for any obligations which the Executive may now or
      hereafter owe to the Company and which exist apart from this Part 4 and do
      not replace any rights of the Company with respect to any such
      obligations.

	 	 	 
	4.6 	
      Communication of Confidential Information. The
      Executive agrees to communicate to the Company all Confidential
      Information obtained in the course of performing the services.

	 	 	 
	4.7 	
      Confidentiality and Non-Competition. The Executive
      hereby agrees that he will not at any time during the Term and for a
      period of one year thereafter:

	 	 	 
		(a) 	
      knowingly interfere with or endeavour to entice away from
      the Company any of the financiers who were active financiers or
      participated in private placements of the Company or its securities during
      the three year period immediately prior to the termination of the
      Contactor’s relationship with the Company;

	 	 	 
		(b) 	
      interfere with or knowingly entice away any employee of
      the Company who was an employee of the Company within 120 calendar days of
      the termination of the Executive’s relationship with the
  Company.

	4.8 	
      Notice. If the Executive is required by law, rule,
      regulation, subpoena or regulatory agency or stock exchange rule (“Legal
      Process”) to disclose any Confidential Information, the Executive will
      provide the Company with prompt notice of such requirement, if legally
      practicable, and will use reasonable efforts to obtain confidential
      treatment for any Confidential Information that is required to be
      disclosed prior to making any such disclosure. If, provided that the
      Executive has used reasonable efforts to obtain assurances that
      confidential treatment will be afforded such information, the Executive is
      nonetheless required by Legal Process to disclose any Confidential
      Information, the Executive may only disclose such Confidential Information
      that it is required by law to be disclosed.

	 	 
	4.9 	
      Limitation. The provision of this Part 4 shall not
      prevent the Executive, following the termination of this Agreement, from
      providing his services to other natural resource exploration companies,
      including companies working in the same general area of the Company’s
      mineral properties.

	 	 
	5. 	
      INTELLECTUAL PROPERTY OF THE COMPANY

	 	 
	5.1 	
      Company’s Rights. The Executive agrees that all
      right, title, and interest in or to any and all of the work product of the
      Executive shall be the property of the Company.

	 	 
	5.2 	
      Disclosure. The Executive agrees to promptly
      disclose to the Company all of the products of the services hereunder and
      to provide all assistance reasonably requested by the Company in the
      preservation of its interests in the same, such as by executing documents
      or testifying. Regardless of whether this Agreement has been terminated,
      the Executive agrees to execute, acknowledge, and deliver any instruments,
      and to provide whatever other assistance is required to confirm
      the ownership by the Company of such rights. Reasonable expenses incurred
      for such assistance shall be paid by the Company. No additional
      compensation shall be paid to the Executive in respect of any of the
  matters referred to in this Section 5.2.

10 

	5.3 	
      No Rights. Nothing in this Agreement shall be
      construed to grant to the Executive any express or implied option, license
      or other rights, title or interest in or to the Confidential Information
      or, or obligate either party to enter into any agreement granting any such
      right.

	 	 
	6. 	
      TERMINATION

	 	 
	6.1 	
      Termination. The Company may terminate this
      Agreement in the following circumstances:

	 	(a) 	
      at any time by the Company forthwith, without notice and
      without pay in lieu of notice, for Cause;

	 	 	 
	 	(b) 	
      automatically upon the death of the Executive;

	 	 	 
	 	(c) 	
      automatically in the event the Executive is subject to
      any bankruptcy, insolvency or other similar proceeding;

	 	 	 
	 	(d) 	
      at any time by notice in writing from the Company to the
      Executive if the Executive shall become permanently disabled; for the
      purposes hereof, the Executive shall be deemed to be permanently disabled
      immediately following any period of 180 consecutive calendar days during
      which the Executive is prevented from performing his duties for more than
      90 calendar days in the aggregate by reason of illness or mental or
      physical disability despite reasonable accommodation efforts of the
      Company;

	 	 	 
	 	(e) 	
      in any other case, by (i) the payment by the Company to
      the Executive in a lump sum equal to twelve months’ Annual Base Salary and
      one-half of the maximum Annual Bonus Compensation (paid in cash, less
      applicable payroll taxes) calculated from the date of termination of his
      employment or at any time following the first year of the Term an amount
      equal to the Annual Base Salary plus one twelfth of the Annual Base Salary
      for each full year of the service since commencement of the Term,
      whichever is greater and (ii) the immediate vesting of any Stock Option
      previously granted to the Executive by the Company or any subsidiary of
      the Company, and the Executive shall be entitled to exercise such Stock
      Option on the terms granted and, notwithstanding any term of the stock
      option plan to the contrary, shall remain exercisable for the original
      term granted and shall not terminate due to the termination of the
      Executive's employment with the Company. In addition, any provisions of
      the Stock Option restricting the number of option shares which may be
      purchased before a particular date shall be waived. The terms of any Stock
      Option agreement shall be deemed amended to reflect the provisions of this
      paragraph (e). The provisions of this paragraph (e) shall be subject to
      applicable securities laws and the rules of any stock exchange on which
      the shares of the Company may be then listed and the receipt of all
      necessary approvals from such securities regulators and exchange,
    which approvals the Company shall use its reasonable commercial
      efforts to obtain in the event of the operation of this paragraph (e). In
      the event that any payment is made to the Executive pursuant to the
      provisions of paragraph (e) the Executive shall not be required in any
      manner whatsoever to mitigate any damages and shall be made regardless of
      whether the Executive seeks or finds alternate employment of any nature
  whatsoever; and

11 

	 	(f) 	
      by the Executive providing no less than ninety (90)
      calendar days notice in writing to the Company. In the event the Executive
      provides such notice to the Company, the Executive’s employment shall
      terminate on the date the period of such notice expires. In such
      circumstance, the Company may request that the Executive cease duties
      prior to the expiry of the notice period.

	6.2 	
      Effect of Termination. Upon the termination of
      this Agreement pursuant to Sections 6.1(a), (b) (c) or (f), the parties
      agree that the Company’s liability to the Executive shall be limited to
      all accrued and unpaid portions of the Annual Base Salary due up to the
      date of termination as well as any Expenses properly incurred prior to the
      date of termination, less any advances against Expenses not accounted
      for.

	 	 
	7. 	
      CHANGE OF CONTROL

	 	 
	7.1 	
      Notwithstanding anything to the contrary contained in
      this Agreement, if a Change in Control occurs and if, in respect of the
      Executive, a Triggering Event subsequently occurs within two (2) years of
      the Change in Control, the Executive shall be entitled to elect to
      terminate this agreement with the Company and to receive a payment from
      the Company in an amount equal to two times the Annual Base Salary and the
      amount of the Annual Bonus Compensation for the previous year (the “Change
      of Control Payment”). This Section 7.1 shall not apply if such Triggering
      Event follows a Change in Control which involves a sale of securities or
      assets of the Company with which the Executive is involved as a purchaser
      in any manner, whether directly or indirectly (by way of participation in
      a Company or partnership that is a purchaser or by provision of debt,
      equity or purchase-leaseback financing).

	 	 
	7.2 	
      The Change of Control Payment provided for in Section 7.1
      is conditional upon the Executive electing to exercise such right by
      notice given to the Company within 120 calendar days of the Triggering
      Event.

	 	 
	7.3 	
      Notwithstanding the provisions contained in Section
      6.1(e) hereof, the Executive shall be entitled to the Change of Control
      Payment if a Triggering Event does not occur but the Executive is
      dismissed from with the Company without Cause within two (2) years of the
      Change in Control. For greater certainty, the Executive shall not be
      entitled to any payment by the Company pursuant to this Section 7.3 if the
      Executive is dismissed from this employment with the Company for Cause.
      The Company shall not dismiss the Executive for any reason unless such
      dismissal is specifically approved by the Board.

	 	 
	7.4 	
      The Change of Control Payment shall be in lieu of all
      other notice or damage claims as regards dismissal or termination of the
      Executive's employment with the Company or any subsidiary of the Company
      after a Change in Control and the arrangements provided for herein shall
      not be considered in any judicial determination
of appropriate damages at common law for dismissal without
  Cause, other than as provided for in this Agreement.

12 

	7.5 	
      In the event that the Executive is entitled to a Change
      of Control Payment, the Executive shall be entitled to continue to
      participate in any benefit package for a period of 12 months after the
      date of the giving of notice by the Executive pursuant to Section 7.2, or
      the dismissal of the Executive's contract pursuant to Section 7.3, as the
      case may be.

	 	 
	7.6 	
      In the event that the Executive is entitled to a Change
      of Control Payment, any Stock Option previously granted to the Executive
      by the Company or any subsidiary of the Company shall become fully vested,
      in which case the Executive shall be entitled to exercise such Stock
      Option on the terms granted and, notwithstanding any term of the stock
      option plan to the contrary, shall remain exercisable for the original
      term granted and shall not terminate due to the termination of the
      Executive's employment with the Company. In addition, any provisions of
      the Stock Option restricting the number of option shares which may be
      purchased before a particular date shall be waived. The terms of any Stock
      Option agreement shall be deemed amended to reflect the provisions of this
      Section 7.6. The provisions of this Section 7.6 shall be subject to
      applicable securities laws and the rules of any stock exchange on which
      the shares of the Company may be then listed and the receipt of all
      necessary approvals from such securities regulators and exchange, which
      approvals the Company shall use its reasonable commercial efforts to
      obtain in the event of the operation of this Section 7.6.

	 	 
	7.7 	
      Any payment to be made by the Company pursuant to the
      terms of Part 7 shall be paid (i) by the Company in cash in a lump sum
      within five business days of the giving of notice by the Executive
      pursuant to Section 7.2, (ii) within five business days of the termination
      or dismissal from the Executive's employment as referred to in Section
      7.3, or (iii) in such manner as may be agreed to by the Company and the
      Executive. Any such payment shall be calculated, in the case of Section
      7.1 at the date of giving notice pursuant to Section 7.2 and, in the case
      of Section 7.3, at the date of dismissal or termination, as the case may
      be.

	 	 
	7.9 	
      In the event that any payment is made to the Executive
      pursuant to the provisions of Section 7.1 or Section 7.3, as the case may
      be, the Executive shall not be required in any manner whatsoever to
      mitigate any damages. Furthermore, the payment referred to in Section 7.1
      or Section 7.3, as the case may be, shall be made regardless of whether
      the Executive seeks or finds alternate employment of any nature
      whatsoever.

	 	 
	8. 	
      NOTICE

	 	 
	8.1 	
      Unless otherwise permitted by this Agreement, all
      notices, requests, demands and other communications hereunder shall be in
      writing and shall be deemed to have been fully given if personally
      delivered to the party to whom the notice or other communication is
      directed or if mailed by prepaid registered mail on the fifth business day
      after the date on which it is so mailed (provided that if there is an
      interruption in the regular postal service during such period arising out
      if a strike, lockout, work slow-down or similar labour dispute in the
      postal system, all days during which such interruption occurs shall not be
      counted:

13 

Notice to the Company: 

GOLDEN PREDATOR MINES US INC.

11521 North Warren Street 
Hayden, Idaho 
USA 83835 
Attention:
Corporate Secretary 

Notice to the Executive: 

MICHAEL G. MASLOWSKI 
11316
North Riata Road 
Hayden, Idaho
USA 83835 

		
      or to such other address as each party may from time to
      time notify the other of in writing. Notices may not be given by
      facsimile.

	 	 
	9. 	
      MISCELLANEOUS

	 	 
	9.1 	
      This Agreement contains the entire understanding and
      agreement between the parties and supersedes all prior communications,
      representations and agreements whether verbal or written between the
      parties with respect to the subject matter hereof. This Agreement may be
      amended or modified only by written instrument signed by all parties
      hereto.

	 	 
	9.2 	
      The rights and obligations of the parties set out under
      Parts 4, 5 and 9 of this Agreement survive the termination of this
      Agreement insofar as is necessary to give full effect to the terms
      hereof.

	 	 
	9.3 	
      The provisions of this Agreement shall be governed by and
      interpreted in accordance with the laws of British Columbia. The parties
      irrevocably attorn to the exclusive jurisdiction of the courts of British
      Columbia with respect to any legal proceedings arising here
from.

	 	 
	9.4 	
      The Company has obtained legal advice concerning this
      Agreement and has requested that the Executive obtain independent legal
      advice with respect to this Agreement. The Executive hereby represents and
      warrants to the Company that it has been advised to obtain independent
      legal advice, and that prior to the execution of this Agreement he has
      obtained independent legal advice or has, in his discretion, knowingly and
      willingly elected not to do so.

	 	 
	9.5 	
      The invalidity or unenforceability of any particular
      provision of this Agreement shall not affect any other provision thereof,
      and this Agreement shall be construed as though such invalid or
      unenforceable provision were omitted.

14 

IN WITNESS WHEREOF the parties have executed this
Agreement with effect from the date first written above. 

GOLDEN PREDATOR CORP. 

           “/s/
William M. Sheriff” 
Per:
______________________________
       
Authorized Signatory 

	SIGNED, SEALED AND DELIVERED 	) 	  
	in the presence of 	) 	  
	  	) 	  
	         “/s/ Amanda Lloyd” 	) 	“/s/ Michael G. Maslowski” 
	  	) 	 
    
	Witness 	) 	MICHAEL G. MASLOWSKI

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