Document:

EX10-1

Ruby Creek Resources Inc. and Douglas Lake Minerals Inc.

Purchase Agreement

Mkuvia Property, Tanzania

November 7, 2009

Page 1 of 4

1.       Overview:
This is an Agreement between Ruby Creek Resources Inc. (RCR) and Douglas Lake Minerals Inc. (DLM) whereby RCR purchases a portion of DLM's rights to the Mkuvia property for development of gold and mineral production.  DLM is the Joint Venture majority partner of 4 Prospecting Licenses (PL) over an area of 380 sq km in the south of Tanzania.  DLM has completed a reserve estimate, mining plan and feasibility study and is completing an environmental impact assessment report for a Mining License application for an area of 25 sq km within the 4 PL's.  DLM's plan calls for the Mining License application to be submitted prior to December 31, 2009 with approval expected in the first quarter of 2010.  A second Mining License application is planned to be submitted in mid-second quarter 2010.

2.       Property Description:
a.     5 sections of land each 25 sq km for a total of 125 sq km.

b.     Location: the central point in the Prospecting Licenses is located at 3616000mE, 8856946 mN, UTM Zone 37 Southern Hemisphere map coordinates in the Liwale and Nachingwea Districts, Lindi Region of the United Republic of Tanzania.

c.     Prospecting License description:
(as described in DLM's May 31, 2009 10K)

i.     PL No. 5673/2009

            renewed August 16, 2008       and expiring: August 16, 2011

ii.    PL No. 5669/2009           issued                     expiry

            renewed August 16, 2008       and expiring: August 16, 2011

iii.   PL No. 5664/2009           issued                     expiry

            renewed August 16, 2008       and expiring: August 16, 2011

iv.    PL No. 5662/2009           issued                     expiry

            renewed August 16, 2008       and expiring: August 16, 2011

3.        Property Selection: 
The division of the 4 PL's totaling 380 square kilometers into 25 square kilometer sections is currently being determined by DLM.  Selection for RCR's property position, totaling 125 square kilometers, will be determined once DLM has made the appropriate property divisions.  The selection criterion for RCR's property position is subject to mutual agreeable terms between DLM and RCR.  If mutually agreeable terms cannot be reached, RCR shall select 3 sections totaling 75 square kilometers and the remaining 2 sections totaling 50 square kilometers shall be determined by DLM.

Ruby Creek and Douglas Lake

November 7, 2009

Page 2 of 4

4.       Ownership Purchase:
A 70% interest for RCR with DLM retaining a 30% interest with a 3% net smelter royalty return to Mr. Miata, the original property prospecting license owner.

5.       Purchase Price:
a.       Full price: $3,000,000

b.       Payment Terms:
i.       $100,000 within 5 business days of signing.

ii.      $150,000 within 15 business days of signing.

iii.     $100,000 upon Notice of Satisfactory Due Diligence.

iv.      $400,000 upon Closing with RCR receiving the first Mkuvia Mining License.

v.       $750,000 payable within 12 months of Closing.

vi.      $750,000 payable within 24 months of Closing.

vii.     $750,000 payable within 36 months of Closing.  RCR at its sole discretion may elect to make this final payment in common shares of RCR.  The RCR shares would be valued at the 10 day average trading price immediately prior to the 36 month due date.

6.       Ownership Percentage Increase:
RCR may increase its ownership position from a 70% interest for RCR to 75%, reducing DLM's position to 25% by giving Notice to DLM and paying $1,000,000 within 12 months of Closing.

7.       Property Development:
RCR's budget for its Mining License and development plan is $500,000.  RCR's development budget for the following two years after the Mining License has been issued is for $5,000,000.

8.       Due Diligence:
a.       RCR will have full, open and timely access to all the Property and regional geological information that DLM has in its possession, whether created by DLM or others.

b.       Review of the Original and New Mkuvia Agreement including the PML details and a thorough understanding of ownership rights and tenure and timing of the collapse of the PML's.

c.       RCR estimates that 90 days will be required to complete its due diligence once all the geological material is received.  The time estimate may be affected by the severity and length of the rainy season (estimated early December to March/April).

 

Ruby Creek and Douglas Lake

November 7, 2009

Page 3 of 4

9.       Exclusive Dealing:
a.       Unless RCR is in breach of this Agreement, and such breach has not been cured within 30 days of DLM providing RCR with written notice of such breach, DLM and any of the directors, officers, employees, representatives or agents of DLM shall not, directly or indirectly;
i.     discuss, negotiate, undertake, authorize, recommend, propose or enter into any transaction involving RCR's sections of the PLs other than the transactions contemplated by this Agreement (an "Acquisition Transaction"),

ii.    facilitate, encourage, solicit or initiate discussions, negotiations or submissions of proposals or offers in respect of an Acquisition  Transaction,

iii.   furnish or cause to be furnished, to any person or entity any information concerning the PLs in  connection with an Acquisition Transaction, or

iv.    otherwise cooperate in any way with, or assist or participate in, facilitate or encourage, any effort or attempt by any other person or entity to do or seek any of the foregoing.

b.       DLM will inform RCR in writing immediately following the receipt by DLM or any DLM representative of any proposal or inquiry with respect to any Acquisition Transaction of the PLs.

c.       Should DLM and RCR fail to consummate the Closing as a direct or indirect result of any breach, whatsoever, of the covenants contained in this Section 9, DLM shall return all monies paid to DLM pursuant to Section 5 hereof and reimburse RCR for all costs and expenses actually incurred by RCR in furtherance of the transactions contemplated by this Agreement.

10.     Additional Terms and Points:
a.       Both parties are Nevada companies and this Agreement is subject to the laws of the State of Nevada.

b.       Should RCR elect to not continue after the Due Diligence period, for reasons other than misrepresentations by DLM, then the deposits of $100,000 and $150,000 shall be 50% forfeited and 50% refundable within 12 months of payment.

c.       Should RCR elect to not continue after the Due Diligence period due to misrepresentations by DLM, then the deposits of $100,000 and $150,000 shall be 100% repayable within 30 days.

d.       RCR may assign or transfer any of its holdings with the consent of DLM except if RCR has paid 50% or more of the Purchase Price, then DLM's consent is not required.

e.       DLM and RCR intend to complete additional agreements that shall supersede this Agreement in its entirety, which will contain, among other things, customary representations and warranties, covenants and indemnities.

 

Ruby Creek and Douglas Lake

November 7, 2009

Page 4 of 4

11.     Mkuvia Joint Venture:
Attached for Reference are;

a.       DLM 8K disclosure of 14 July 2009.

b.       DLM - Maita Joint Venture Agreement of 5 June 2009.

c.       DLM - Maita Joint Venture Agreement of 27 June 2008.

 

We, the undersigned, agree and acknowledge that we have authority to enter into this Agreement.

 

	
For Douglas Lake Minerals Inc.
	
For Ruby Creek Resources Inc.

 

	
"Harp Sangha"

Harp Sangha, CEO and Director
	
"Rob Slavik"

Rob Slavik, CEO and Director

	

 
	 
	
"Herm Rai"

Herm Rai, CFO
	 

 

 

 

 

 

 

 

 

 

Ruby Creek Resources Inc. and Douglas Lake Minerals Inc.

Purchase Agreement

Mkuvia Property, Tanzania

Attachments

 

 

	DLM 8K disclosure of 14 July 2009.

	DLM - Maita Joint Venture Agreement of 5 June 2009

	DLM - Maita Joint Venture Agreement of 27 June 2008ex4-6.htm

    Exhibit
4.6

    
 

    This
Consulting Agreement is made as of the date set forth on the signature pages
below by and between FreeStar Technology Corporation, with an address at 31
Mespil Road, Ballsbridge, Dublin 4, Ireland and its affiliates, successors and
assigns, as appropriate (“FreeStar”, the “Company” or “you”) and Margaux
Investment Management Group, S.A., with an address at 9 Rue de Commerce P.O. Box
5837 CH-1211 Geneva 11 Switzerland, and its affiliates, successors and assigns,
as appropriate (“Margaux” or “we”), and sets forth the terms and conditions
pursuant to which Margaux  shall act, on a non-exclusive basis, as
both a business consultant and European financial advisor to
FreeStar.

     

    Section
1: Retention

     

    As your
business consultant and financial advisor, we will:

     

    (a)           assist
you in analyzing and evaluating the business, operational and financial position
of the Company;

     

    (b)           assist
you in the preparation of an offering memorandum for distribution and
presentation to either potential providers of funds, potential purchasers or
joint venture partners;

     

    (c)           provide
you with general corporate financial advisory services including but not limited
to helping you develop a strategic financing plan designed to match your
operating plan, targeting financial needs, resources and cash flows of the
Company, and evaluating the overall financial structure of FreeStar including
evaluating the balance sheet, stock trading, research, coverage,
etc.  This will also include looking at the financial implications of
various structures reflecting the market capitalization differentials for the
gaming and adult businesses;

     

    (d)           assist
you in evaluating any merger and acquisition candidates, potential joint venture
opportunities, or any offers made to you for all or part of
FreeStar;

     

    (e)           be
available, at your request, to meet with your Board of Directors to discuss the
implications of proposed financial transactions;

     

    (f)           provide
shareholder relations and public relation services, capital market support, and
assist you in the introduction of potential strategic relationships and
potential offshore investors, all in accordance and to the extent permitted
under all applicable federal, state, local and foreign laws.

     

    Such
services will be provided in the manner and timeframes as reasonably requested
by FreeStar.

     

    Section
2: Fees and
Expenses

     

    Margaux
Compensation: (a) five million total shares of FreeStar restricted common stock
shall be issued to Margaux, issuable in two 2.5 million shares tranches, with
the first tranche issued within 5 days after the execution of this Agreement and
the second tranche issued upon the one-year anniversary hereof; and (b) options
to purchase three million shares of restricted common stock at an exercise price
of Two Cents (U.S. $0.02) above the closing price of the shares on the date of
issuance of the options.  The options shall be issued upon within 5
days after the execution of this Agreement.

     

    Margaux
anticipates that there will be minimal out of pocket expenses for this
engagement.  Margaux will invoice FreeStar on a monthly basis for any
out of pocket expenses that are incurred as part of this
engagement.  Such expenses are payable in cash.  Margaux
will seek prior approval for any individual expense that would exceed
$250.

     

    Section
3: Term

     

    The term
of this agreement is 24 months from the date of signing.

     

    Section
4: Information

     

      The
Company will furnish Margaux with all financial and other information concerning
the Company as Margaux and the Company deem appropriate in connection with the
performance of the services contemplated by this engagement and in that
connection will provide Margaux with access to the Company’s officers and
directors.  The Company acknowledges and confirms that Margaux
(i) will rely solely on such information in the performance of the services
contemplated by this engagement without assuming any responsibility for
independent investigation or verification thereof, (ii) assumes no
responsibility for the accuracy or completeness of such information or any other
information regarding the Company, and (iii) will not make any appraisal of
any assets of the Company.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Section
5: General

     

    Margaux
shall not act as the Company’s agent and shall have no power to bind the Company
or authorize any agreement or transactions on its behalf.

     

    In
connection with this Agreement, the Company may disclose to Margaux certain
information that is marked by or otherwise identified, orally or in writing, as
confidential or proprietary information of the Company or that Margaux should
recognize from the circumstances surrounding the disclosure to be confidential
or proprietary (“Confidential Information”).  Margaux (and its
employees, agents and officers) (i) shall hold all Confidential Information in
confidence and will use such information only for the purposes of fulfilling
Margaux’s obligations hereunder and for no other purpose, and (ii) shall not
disclose, provide, disseminate or otherwise make available any Confidential
Information of the Company to any third party, in either case without the
express written permission of the Company and shall not buy or sell and FreeStar
securities based on any material Confidential Information.

    

    It is
understood and agreed that Margaux shall perform the services as an independent
contractor and Margaux and its officers and employees shall not be deemed to be
employees of Company.  Margaux shall not be entitled to any benefits
provided by Company to its employees, and Company will make no deductions from
any of the payments due to Margaux hereunder for state or federal tax
purposes.  Margaux agrees that Margaux shall be responsible for any
and all taxes and other payments due on payments received by Margaux from
Company hereunder.

    

    The Company acknowledges that Margaux
may, at its option and expense and after announcement of a transaction place
announcements and advertisements or otherwise publicize the transaction and
Margaux’s role in it (which may include the reproduction of the Company’s logo
and a hyperlink to the Company’s website) on Margaux’s Internet Website and in
such financial and other newspapers and journals as it may choose, stating that
Margaux has acted as financial advisor to the Company in connection with the
transaction.  Furthermore, if requested by Margaux, the Company shall
include a mutually acceptable reference to Margaux in any press release or other
public announcement made by the Company regarding the matters described in this
letter.  The Company shall have the right to disclose this Agreement
and its terms, and the parties acknowledge that the Company may file this
Agreement as an exhibit to its Securities and Exchange Commission
filings.

    

    This
Agreement supersedes and replace any existing agreement entered into by Margaux
and Company relating generally to the same subject matter, and may be modified
only in a writing signed by Company and Margaux.  Failure to enforce
any provision of this Agreement shall not constitute a waiver of any term
hereof.  This Agreement contains the entire agreement between the
parties with respect to the subject matter hereof.

    

    

    
    

    
      MARGAUX
INVESTMENT MANAGEMENT GROUP S.A

    

     

     

    By:__________________________________                
Date August 15, 2008

     

         Carl
M Hessel

         President
and Chief Executive Officer

     

    

     

    FREESTAR
TECHNOLOGY CORPORATION

     

     

    

    By:                                                                                                Date
August 15, 2008

    Paul
Egan

    President
and Chief Executive Officer

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