Document:

Silverhill Mines Inc.

Exhibit 10.1

STOCK PURCHASE AGREEMENT

This agreement is entered into the 17th day of December, 2010 LONG LANE CAPITAL, INC., a Washington corporation and GREGORY M. WILSON, (herein, collectively “SELLING SHAREHOLDERS“) and SELVA RESOURCES CORP., (herein, ”PURCHASER“). PURCHASER desires to enter into a business transaction whereby PURCHASER will purchase shares of Silver Hill Mines, Inc., a Nevada corporation, (herein, “SILVER HILL”) from the SELLING SHAREHOLDERS, as set forth below.  

For good and valuable consideration, receipt of which is acknowledged, the parties agree, represent and warrant the following:

A.

Agreement:

SECTION 1.  Purchase Price  Allocation of  Shares Purchased from the SELLING SHAREHOLDERS.  

PURCHASER offers to purchase from the SELLING SHAREHOLDERS  and the  SELLING   SHAREHOLDERS agree to sell to PURCHASER,  12,907,250 common shares  and 10,000,000 Preferred Shares for Three Hundred Fifty Thousand (US$350,000)  (the “Purchase Price”) as follows:

From Gregory M. Wilson:. Ten Million (10,000,000) SILVER HILL Series “A” Preferred shares (Series "A" Preferred Shares") for  ($100,000) Dollars.  

From Long Lane Capital, Inc.:  Twelve Million Nine Hundred Seven Thousand Two Hundred Fifty (12,907,250) SILVER HILL common shares (the "Common Shares") for Three Hundred Twenty-one Thousand Four Hundred Fifty ($250,000) Dollars. 

SECTION 2.  Purchase Price Terms and Condition.  The Purchase Price is payable $50,000 down as non-refundable earnest money upon execution of the Letter of Intent, $150,000 payable upon closing.  The balance of the purchase price payable to Long Lane Capital, Inc. on an installment note (Exhibit “A”)  secured by all of the Series “A” Preferred Shares (Exhibit “B”) payable in two equal installments of $50,000 December 1, 2010 and $50,000 on January 1, 2011. The unpaid balance will bear interest at the rate 4.75% A.P.R. 

SECTION 3.  Security Interest.   The unpaid balance evidenced on a Promissory Note will be secured by a pledge of the Series “A” Preferred Shares pursuant to Pledge Agreement.  Matthew C. Maza will act as escrow agent for the pledged shares and administer the collection and disposition of the Promissory Note.

SECTION 4.  Stock Warrant and Option.   Long Lane Capital, Inc. will have the option  to convert all, or a portion, of the January 1, 2011 $50,000 installment payment to 4.99% of the fully diluted, post acquisition, post-reverse split issued and outstanding capital 

stock.  Additionally, Gregory M. Wilson be granted a common stock  purchase warrant  in an amount equal to a  Two (2.0%) of the fully diluted, post acquisition, post-reverse split issued and outstanding capital stock.  The Two (2.0%) warrant shares will be issued at a valuation of par value pursuant to an exemption afforded by Section 4(2) of the Securities Act of 1933, as amended.  The grant and option will be evidenced by separate agreement attached as Exhibit “C”.

B.

Representations, Warranties Covenants, Obligations: 

SELLING SHAREHOLDERS represent and warrant to PURCHASER as of the date hereof and as of the Closing Date:

SECTION 1.  Ownership of SELLING SHAREHOLDERS.  The SELLING SHAREHOLDERS represent that:

i.

the 12,907,250 common stock shares represent 25.9% of the 49,918,961 common shares of Silver Hill currently issued and outstanding and that this is all the Common Shares that Selling Shareholders or its affiliates own;

ii.

the 10,000,000 Series "A" preferred shares represent 100% of the 10,000,000 Series "A" Preferred Shares of Silver Hill currently issued and outstanding and that this is all the preferred stock shares that Selling Shareholder or affiliates own;

iii.

and based upon the Series "A" preferred stock designation, the Series "A" Preferred Shares have twenty (20) votes per share at any meeting of the shareholders where votes are submitted;  and the preferred and the common shares together represent voting control of Silver Hill.

SECTION 2.  Reserved.

SECTION 3.  Authority of SELLING SHAREHOLDERS to Sell Shares. The SELLING SHAREHOLDERS shares are free and clear of all liens, charges, demands, community property interests, adverse claims or other restrictions on the exercise of any of the attributes of ownership with the exception of restrictions imposed by applicable federal and state corporate and securities laws.  There are no contracts, arrangements, commitments or restrictions relating to the sale, transfer or purchase of the Shares, except as outlined in this Agreement.

SECTION 4.  Enforceability of Agreement Against the SELLING SHAREHOLDERS.  The SELLING SHAREHOLDERS have all necessary power and authority to enter into this Agreement and the Related Documents to which they are parties, to carry out their obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.  This Agreement has been, and each Related Document to which the SELLING SHAREHOLDERS are parties will be, duly executed and delivered by the SELLING SHAREHOLDERS.  Such execution and delivery, and the performance by the SELLING SHAREHOLDERS of this Agreement and such Related Documents, and all transactions contemplated hereby and thereby, have been duly and validly authorized by any 

necessary corporate actions on the part of the SELLING SHAREHOLDERS.  This Agreement constitutes, and each Related Document to which the SELLING SHAREHOLDERS are parties will constitute, the legal, valid and binding obligations of the SELLING SHAREHOLDERS, enforceable against each in accordance with the respective terms, except as the same may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium and similar laws affecting the rights and remedies of creditors generally and the application of general principles of equity.

SECTION 5.  Shares.  The shares, when transferred by the SELLING SHAREHOLDERS to the PURCHASER will be free and clear of all liens, charges, demands or adverse claims or other restrictions on the exercise of any of the attributes of ownership, with the exception of restrictions imposed by applicable federal and state corporate and securities laws. 

SECTION 6.  No Conflict.  To the best knowledge, the execution and delivery by the SELLING SHAREHOLDERS of this Agreement and each Related Document to which they are parties will not:

i.

Violate or conflict with any term or provision of the articles or certificate of incorporation (or other charter documents) of the Company;

ii.

Conflict with or violate any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award applicable to Company;

iii.

Conflict with, result in any breach of, constitute a default (or event which with the giving of notice or lapse of time, or both, would become a default) under, give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of any lien on any of the assets pursuant to, any assigned contract or any licenses; 

iv.

Without limiting the generality of the foregoing, result in the termination, denial or impairment of any material contract, arrangement or benefit granted with respect to the Company=s business, or require the payment of any fees, taxes or assessments, pursuant to any federal, state or local program relating to minority-owned businesses.

SECTION 7.  Consents, Approvals and Notifications.  To the best knowledge of the SELLING SHAREHOLDERS, the execution and delivery by the them does not, and the performance by the SELLING SHAREHOLDERS of this Agreement and such Related Documents will not, require any consent, approval, authorization or other action by, or filing with or notification to, any Governmental Authority or any other Person. 

SECTION  8.  Litigation.  There is no claim, action, investigation, arbitration or proceeding pending or, threatened against the SELLING SHAREHOLDERS of any kind whatsoever, or against or relating to any of the assets or the ability of their to perform their obligations hereunder, before any arbitrator, judge, court or governmental authority.  The SELLING SHAREHOLDERS are not subject to any order, writ judgment, injunction, decree, determination or award of any arbitrator, judge, court or governmental authority. 

SECTION 9. 

No Debt or Liabilities.  Upon closing, there shall be no debt or liabilities in SILVER HILL.

SECTION 10. Contracts.   There are no material agreements and contracts in effect on the date of this Agreement to which the SELLING SHAREHOLDER’S are a party in connection with the business operations or by which any of the Company=s properties or assets relating to the operation are bound.   There are no contracts in formation or which are capable of subsequent formation as a result of future satisfied conditions.  

C.

Conditions to Closing

SECTION 1  Escrow Agent.  Matthew C. Maza, Attorney at Law, will act as the escrow agent administering the closing of this Stock Sale Agreement under the terms and conditions of the Irrevocable Joint Escrow Instructions attached as Exhibit “D” hereto.  The Closing shall occur at the offices of the Escrow Agent on the first date on which all of the conditions set forth below have been satisfied.  

SECTION 2  Conditions to Obligations of the SELLING SHAREHOLDERS.  The obligations of the SELLING SHAREHOLDERS to consummate the sale of the shares will be subject to the fulfillment, at or prior to the Closing, of each of the following conditions, any one of which may be waived by the PURCHASER without waiver of any other rights or remedies which the Company may have under this Agreement:

i.  No Order, Decree, Injunction or Adverse Enactments.  SILVER HILL will not be subject on the Closing Date to any order, decree or injunction of a Governmental Authority and no law will have been enacted, promulgated or issued, which enjoins or prohibits the consummation of the transactions contemplated by this Agreement.

ii.  No Litigation.  There will not be pending on the Closing Date any lawsuit, claim or legal action involving the SILVER HILL which might materially and adversely affect the transactions contemplated by this Agreement.

iii.  SILVER HILL Closing Documents.  At the Closing, SILVER HILL will have executed and/or delivered the following Related Documents to which it is a party or for which it is responsible:  (1) the Change in Control Agreement with attached Exhibits signed by the Company's President, (2) Certified copy of the Unanimous Consent of the Board of Directors tendering board resignation of Steve Bergstrom and nominating the 

PURCHASER'S  Lisa Logan to fill board vacancy  and nominating her as President, effective at closing, and (3) the resignation of Steve Bergstrom from all executive positions effective at closing.

iv.  The SELLING SHAREHOLDERS’s Closing Documents  At the Closing, the SELLING SHAREHOLDERS will have executed and/or delivered the following Related Documents to which it is a party or for which it is responsible: (1) this Stock Purchase Agreement with attached Exhibits signed by the SELLING SHAREHOLDERS, (2)  the SILVER HILL stock certificates representing the 12,907,250 common shares and 10,000,000 Series “A” Preferred shares along with irrevocable stock powers signed and Medallion guaranteed and (3) Wilson’s  and Long Lane Capital’s release of liability for all amounts payable by SILVER HILL or LONG LANE CAPITAL, INC., including liability for accrued interest.

v.  Other Actions.  All other documents required to have been delivered by the SILVER HILL and the SELLING SHAREHOLDERS, and all actions required to have been taken by the SILVER HILL and the SELLING SHAREHOLDERS, at or prior to the Closing, will have been delivered or taken in all material respects. 

vi.  OTC Electronic Bulletin Board.  On the date of closing, the SILVER HILL’S common shares will continue to be available for quotation on the Over-the-Counter Electronic Bulletin Board.

SECTION 3  Conditions to Obligations of PURCHASER.  The obligations of the PURCHASER to consummate the purchase of the shares contemplated by this Agreement will be subject to the fulfillment, at or prior to the Closing, of each of the following conditions, any one of which may be waived by the SELLING SHAREHOLDERS without waiver of any other rights or remedies which the SELLING SHAREHOLDERS may have under this Agreement.

i.

Deposit the Purchase Price.  PURCHASER will pay the purchase price of Three Hundred Fifty Thousand ($350,000) U.S. Dollars for the shares as set forth in this agreement, as follows:

(1)

Purchaser will have paid the $50,000 non-refundable deposit to Long Lane Capital, Inc.;

(2)

Purchaser will deposit the sum of $200,000 with the Escrow Agent;

(3)

Purchaser will have executed and delivered original copies of the Promissory  Note and Security Agreement with the Escrow Agent; and

(4)

Purchaser will have executed and delivered manually signed originals of the Contingent Common Stock Purchase Warrant Agreement.

ii.

 Closing Documents.  At the Closing, PURCHASER will have executed and/or delivered to the Escrow Agent manually signed originals of the Related Documents to which it is a party or for which it is responsible.

iii.

Other Actions.  All other documents required to have been delivered by PURCHASER, and all actions required to have been taken by PURCHASER, at or prior to the Closing, will have been delivered or taken in all material respects.

iv.

Closing.   The closing date will be December 17, 2010.  On the closing date, the Escrow Agent will take the following actions, on, or before 12:00 o’clock P.M. Pacific Standard Time:

(1)

Wire transfer the sum of $200,000.00 to the account of Long Lane Capital, Inc. as instructed by its authorized officer.

(2)

Deposit for next day delivery to Gregory M. Wilson, originally and manually signed copies of the Promissory Note, the Security Agreement, Stock Grant and Option Agreement, and copies of the Stock Purchase Agreement and the Change in Control Agreement.

D.

General Provisions.

SECTION 1

Headings and Interpretation.  The headings used in this Agreement are for reference purposes only and will not affect the meaning or interpretation of any term or provision of this Agreement. 

SECTION 2

Severability.  If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any party.

SECTION 3

Entire Agreement.  This Agreement and the Related Documents represent the entire understanding of the parties with reference to the matters set forth herein and therein.  This Agreement and the Related Documents supersede all prior negotiations, discussions, correspondence, communications and prior agreements among the parties relating to the subject matter herein.

SECTION 4  Amendment.  This Agreement may not be amended or modified except by an instrument in writing signed by the parties hereto.  

SECTION 5  Applicable Law; Jurisdiction and Venue.  This Agreement will be governed by the substantive laws of the State of Washington, the courts of Washington and venue Spokane County, without regard to its conflict of laws provisions.

SECTION 6  Counterparts and Facsimile Transmission Copies of Originals.  This Agreement may be executed in several original or facsimile copy  counterparts and all so executed and transmitted will constitute one Agreement, binding on all the parties hereto even though all the parties are not signatories to the original or the same counterpart.  

Facsimile transmitted signatures will be deemed valid as though they were originals and the parties may perform any and all obligations and duties in reliance on the facsimile copies.

SECTION 7  Further Assurances, Additional Documents, Etc.  The Company and the SELLING SHAREHOLDERS will do any further acts and sign and deliver to PURCHASER or its designated agents, any additional assurances and instruments that the PURCHASER may require to more completely assure to the PURCHASER rights under this Agreement.

SECTION 8.  Termination.  Unless extended by written consent of all parties, this agreement shall terminate and have no further force or effect if the closing hereunder shall not have occurred on, or before December 30, 2010.  The $50,000 non-refundable deposit will be considered forfeited as liquidated damages.  

IN WITNESS WHEREOF, the parties hereto have executed, or caused their duly authorized representatives to execute, this Stock Purchase Agreement as of the date first written above.

SELLERS:

LONG LANE CAPITAL, INC.

/s/ Gregory Wilson

/s/ Gregory Wilson

By:  Gregory M. Wilson

Gregory M. Wilson, Individually

Title:  President

PURCHASER:

SELVA RESOURCES CORP.

/s/ Lisa Logan

By: Lisa Logan

Title: Vice President and Director

Exhibits

Exhibit “A” -  Promissory Note

Exhibit “B” -  Pledge Agreement

Exhibit “C” -  Contingent Common Stock Purchase Warrant

Exhibit “D” -  Joint Irrevocable Escrow InstructionsSilverhill Mines Inc.

Exhibit 10.2

PROMISSORY NOTE

		
	US $100,000                                                            

	December 17, 2010

                                             Greenacres, Washington

Selva Resources Corporation, a Nevada corporation (the "Maker") promises to pay to the order of Long Lane Capital, Inc., a Washington corporation, (the "Holder") the principal sum of One Hundred Thousand Dollars (US $100,000), together with interest on that amount, upon the agreements, terms and conditions provided in this Promissory Note (the "Note"):

1. Definitions.

(a) Cure Period. The term "Cure Period" means a period of ten (10) days from the time the Maker receives notice of a Default.

(b) Default. The term "Default" means any of the following events:

(i) the Maker at any time fails to pay, when due, any sum owing on this Note; or

(ii) the Maker breaches or fails to perform any obligation under this Note or any other agreement between the Maker and the Holder; or

(iii) the Maker files or is served with any petition for relief under the 11 U.S. C. ' 1 et seq. or any similar federal or state statute, or a proceeding is instituted against the Maker seeking a readjustment of the Maker's indebtedness; or

(iv) the Maker assigns any of its assets for the benefit of its creditors; or

(v) an action is commenced to appoint, or the Maker consents to the appointment of a receiver or trustee for all or any part of the Maker's property; or

(vi) the Maker admits, in writing, its inability to pay its debts as they become due; or

(vii) the Maker becomes insolvent; or

(viii) a court of competent jurisdiction enters an order approving a petition seeking a reorganization of the Maker or appointing a receiver, trustee, or other similar official of substantially all of Maker's assets.

(c) Default Rate. The term "Default Rate" means an interest rate of 12%.

2. Interest. All sums owing on this Note shall bear interest from the date of this Note until paid, at a fixed rate of four point seven five percent (4.75%) per annum. Should the Maker default on any of the obligations specified in this Note, all sums owing on the Note shall bear interest at the Default Rate.

Promissory Note: Page 1 of 6

3. Payment. On or before the 1st day of December, 2010, and, on or before the like date of each month thereafter until the 1st day of January, 2011, the Maker shall pay Fifty Thousand Dollars (US $50,000) to the Holder. Payments shall be applied first to costs, expenses, and other charges provided for in this Note or incurred by the Holder in realizing on this Note, second to interest then accrued, and then to principal. On or before the 1st day of January, 2011, the Maker shall pay all unpaid principal and interest remaining due on the Note, and shall pay any and all costs, expenses, and other charges due and payable on this Note, unless Holder will have given Notice of its intent to exchange the $50,000 installment payment pursuant to paragraph 4.  All payments shall be made in the lawful currency of the United States of America. 

4.  Option Convert Installment Payment to Common Stock.   Holder will be entitled to convert the January 1, 2011 $50,000 installment payment (the “Payment”) to common stock.  The Payment may be converted, in whole or part, to 4.99% of the issued and outstanding common stock of the Company, provided that on, or before, January 1, 2011, the Company has completed its merger and reorganization, as well as financing relating to such payments of this Note, (the “Dilution Events”).   If the Dilution Events are not completed on or before January 1, 2011 and the conversion shares are issued, the Holder will be entitled to subsequent adjustments so that the total number of fully diluted shares (the “Adjustment Shares”) issued represent 4.99% to incorporate such Dilution Events. 

(a)  Authorization of Option Shares.  The Company covenants that all Option Shares which may be issued upon the exercise of the purchase rights represented by this Option will, upon exercise of the purchase rights represented by this Option, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).  

(b) Delivery of Certificates Upon Exercise.  Certificates for shares purchased hereunder shall be transmitted by the transfer agent of the Company to the Holder physical delivery to the address specified by the Holder in the Notice of Exercise within 7 Business Days from the delivery to the Company of the Notice of Exercise Form and payment of the aggregate Exercise Price as set forth above (“Option Share Delivery Date”).  This Option shall be deemed to have been exercised on the date the Exercise Price is received by the Company.  The Option Shares shall be deemed to have been issued, and Holder or any other person so designated to be named therein shall be deemed to have become a holder of record of such shares for all purposes, as of the date the Option has been exercised by payment to the Company of the Exercise Price and all taxes required to be paid by the Holder, if any, prior to the issuance of such shares, have been paid.  

(c) Transfer Restrictions.

If

, at the 

time of conversion, the converted shares shall not be registered pursuant to an effective

registration

 statement under the Securities Act

 and 

under applicable state securities or blue sky laws, the Maker may require, as a condition of allowing such transfer (i) that the Holder or transferee of this Note, as the case may be, furnish to the Company a written opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect that such transfer may be made without

 registration under

the Securities Act and under applicable state securities or blue sky laws, (ii) that the holder or transferee execute and deliver to the Company an investment letter in form and substance acceptable to the Company and (iii) that the transferee be an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7), or (a)(8) promulgated under the Securities Act or a qualified institutional buyer as defined in Rule 144A(a) under the Securities Act.  A legend in substantially the following form has been or will be placed on any certificate(s) or other document(s) evidencing the Shares:

Promissory Note: Page 2 of 6

THE SECURITIES REPRESENTED BY THIS INSTRUMENT OR DOCUMENT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAW OF ANY STATE OF THE UNITED STATES OR FOREIGN JURISDICTION.  THE TRANSFER OF THESE SECURITIES IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF RULE 144 PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION.  HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.

5. Prepayment. The Maker may prepay any amount owing on this Note without incurring any additional charge, provided that the Maker gives the Holder written notice of the amount to be prepaid at least three (3) days before the date of prepayment. Notwithstanding any prepayment, the Maker shall continue to make all succeeding installments or other payments as they become due, until this Note is completely paid.

6. Late Payment Charge. If any installment of principal or interest shall not be paid within five (5) days after the date it becomes due, the Maker shall pay a late charge equal to five percent (5%) of the delinquent installment. The late charge shall be in addition to, and not in lieu of, any other rights or remedies the Holder may have by virtue of any breach or default.

7. Security. The payment of all sums owing on this Note shall be secured by collateral in the amount of 10,000,000 shares of Silver Hill Mines, Inc. 2009 Series “A” Preferred Stock.  

8. Notice of Default; Cure. Upon a Default, the Holder shall deliver written notice of the Default to the Maker. The Maker shall have the right to cure, within the Cure Period, any Default described in Section l(b)(i) or (ii) of this Note. The Maker may not cure a Default described in Section l(b)(iii) through (viii) of this Note. If the Maker cures the Default within the Cure Period, the Maker shall nonetheless remain liable for any late charge properly assessed pursuant to Section 5 of this Note. If the Maker fails to cure a Default within the Cure Period, or is prohibited from curing the Default, the Holder may accelerate all amounts owing on the Note. Such accelerated amounts shall become immediately due and payable. If the Holder accelerates the amounts due under this Note, the Holder shall have the right to pursue any or all of the remedies provided in this Note, including, but not limited to, the right to bring suit on the Note.

9. Remedies. Upon a Default and expiration of any applicable Cure Period, the Holder shall have all rights available to it at law or in equity, including all rights available under the Washington Uniform Commercial Code. Any unpaid balance outstanding at the time of a Default, and any costs or other expenses incurred by the Holder in realizing on this Note, shall bear interest at the Default Rate. All rights and remedies granted under this Note shall be deemed cumulative and not exclusive of any other right or remedy available to the Holder.

10. Attorneys' Fees, Costs, and Other Expenses. Maker agrees to pay all costs and expenses which the Holder may incur by reason of any Default, including, but not limited to, reasonable attorneys' fees, expenses, and costs incurred in any action undertaken with respect to this Note, or any appeal of such an action. Any judgment recovered by the Holder shall bear interest at the Default Rate.

11. Transfer; Obligations Binding on Successors. The Maker may not transfer any of its rights, duties, or obligations under this Note without the prior written consent of the Holder. This Note, and the 

Promissory Note: Page 3 of 6

duties set forth in the Note, shall bind the Maker and its successors and assigns. All rights and powers established in this Note shall benefit the Holder and its successors and assigns.

12. Notices. Any notice, consent, or other communication required or permitted under this Note shall be in writing and shall be deemed to have been duly given or made either (1) when delivered personally to the party to whom it is directed (or any officer or agent of such party), or (2) three days after being deposited in the United States' certified or registered mail, postage prepaid, return receipt requested, and properly addressed to the party. A communication will be deemed to be properly addressed if sent to the Maker at 3565 Las Vegas Blvd., Suite 723, Las Vegas, NV 89109 or if sent to the Holder at 18610 E. 32nd Avenue, Greenacres, WA 99016. The Maker or the Holder may at any time during the term of this Note change the address to which notices and other communications must be sent by providing written notice of a new address within the United States to the other party. Any change of address will be effective ten (10) days after notice is given.

13. Governing Law. This Note will be construed and the rights, duties, and obligations of the parties will be determined in accordance with the laws of the State of Washington.

14. Headings. Headings used in this Note have been included for convenience and ease of reference only, and will not in any manner influence the construction or interpretation of any provision of this Note.

15. Entire Agreement. This Note represents the entire understanding of the parties with respect to the subject matter of the Note. There are no other prior or contemporaneous agreements, either written or oral between the parties with respect to this subject.

16. Waiver. No right or obligation under this Note will be deemed to have been waived unless evidenced by a writing signed by the party against whom the waiver is asserted, or by its duly authorized representative. Any waiver will be effective only with respect to the specific instance involved, and will not impair or limit the right of the waiving party to insist upon strict performance of the right or obligation in any other instance, in any other respect, or at any other time.

17. Severability. The parties intend that this Note be enforced to the greatest extent permitted by applicable law. Therefore, if any provision of this Note, on its face or as applied to any person or circumstance, is or becomes unenforceable to any extent, the remainder of this Note and the application of that provision to other persons, circumstances, or extent, will not be impaired.

18. References. Except as otherwise specifically indicated, all references in this Note to numbered or lettered sections or subsections refer to sections or subsections of this Note. All references to this Note include any subsequent amendments to the Note.

19. Venue. The Maker agrees that any action on this Note must be brought in a court of appropriate jurisdiction in Spokane County, Washington.

20. Maximum Interest. Notwithstanding any other provisions of this Note, any interest, fees, or charges payable by reason of the indebtedness evidenced by this Note shall not exceed the maximum permitted by law.

Promissory Note: Page 4 of 6

MAKER:

SELVA RESOURCES CORPORATION

/s/ Lisa Logan

___________________________

By: Lisa Logan

Title: Director and Vice President

Schedule 3.0

Wire Payment Instructions:

Promissory Note: Page 5 of 6

NOTICE OF EXERCISE

TO:

SILVER HILL MINES, INC.

(1)

The undersigned hereby elects to purchase ____________________ Option Shares representing _______% of the Company’s issued and outstanding common stock pursuant to the terms of the attached Promissory Note and tenders herewith payment of (exchange in whole or part of the January 1, 2011 $50,000 installment payment) the exercise price in full, together with all applicable transfer taxes, if any.

(2)

Payment shall take the form of exchanging Maker’s obligation to pay the January 1, 2011 $50,000 installment payment, or a portion thereof.

(3)

Please issue a certificate or certificates representing said Option Shares in the name of the undersigned or in such other name as is specified below:

Long Lane Capital, Inc.

The Option Shares shall be delivered to the following:

18610 East 32nd Ave.

Greenacres, WA 99016

(4)  Accredited Investor.  The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933, as amended.

[SIGNATURE OF HOLDER]

Name of Investing Entity: 

________________________________________________________________________

Signature of Authorized Signatory of Investing Entity: 

_________________________________________________

Name of Authorized Signatory: 

___________________________________________________________________

Title of Authorized Signatory: 

____________________________________________________________________

Date: 

Promissory Note: Page 6 of 6

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