Document:

Silver Dragon Resources Inc.: Exhibit 10.8 - Prepared by TNT Filings Inc.

  

  
  Exhibit 10.8

  天津华北地质勘查局

STRATEGIC COOPERATION AGREEMENT

战略合作协议

 This agreement is entered into as of the 18th day of
July, 2006 by and between 

本协议签定于2006年7月18日,各签约方为:

 

Silver Dragon Resources Inc. (“SDR”) a Delaware corporation
with a principal place of business located at 1121 Steeles Ave West Suite 803
Toronto, Ontario Canada M2R 3W7

银龙资源公司(“SDR”),注册于美国特拉华州,主要办公地点为加拿大安大略省多伦多市西史蒂勒斯街1121号803室,邮编M2R
3W7;

 

 And

以及

 

Tianjin North China Exploration Bureau, a company
incorporated in the People’s Republic of China (“PRC”) with a mailing address
located at Guangning Road, Hedong District, Tianjin 300181, China (“TNCEB”)
 

天津华北地质勘查局(“TNCEB”),成立于中华人民共和国(PRC),通讯地址为中国天津市河东区广宁路,邮编300181。

 

WHEREAS

鉴于

 

TNCEB has access to some mine assets located in
miscellaneous locations in China and SDR is interested in developing a strategic
cooperation relationship with TNCEB to develop the properties together with
TNCEB,

TNCEB在中国的不同地点有权获取某些矿产,并且SDR愿意与其达成战略合作关系以共同开发矿点。

 

NOW THEREFORE,

故此

 

In the spirit of equality and mutual benefits and in
consideration of the mutual covenants contained herein it is agreed;

本着平等互利的精神,双方特此达成以下协议:

 

1.     

SDR hereby entrusts TNCEB to search for and recommend quality properties
in China to SDR for joint development or acquisition by SDR.

SDR特此委托TNCEB寻求并推荐中国的优质矿点以共同开发或由SDR收购。

 

 

1

  

  Exhibit 10.8
 

 

2.     During the term the TNCEB will search for and recommend silver, lead or other mining properties
(“Properties”) to SDR for potential development by TNCEB, TNCEB shall assist to
provide related technical, geological and such other documentation as may be
requested by SDR as part of their due diligence investigation of the property.

在TNCEB寻求及推荐银、铅或其他矿源(“Properties”)期间,TNCEB应对该矿源作尽职调查,并且SDR有权要求获得相关的技术、地质等资料。

 

3.     Prospective mining properties identified by TNCEB shall be referred
exclusively to SDR first. For a prospective mining property identified by TNCEB for acquisition or
development by SDR (or its wholly owned Subsidiary, Silver Dragon
Resources Inc. China, a company incorporated in the People’s Republic of
China) SDR shall have 90 days to review geological surveys and such other
information as SDR may reasonably request. If after a period of 90 days, SDR
does not wish to develop any of the previously identified properties, TNCEB shall have the right to show the properties to
other prospective purchasers.

TNCEB发现的候选矿源要首先告知SDR而非任何第三方。在TNCEB推荐给SDR(或者其在中国注册的全资子公司)候选矿源供其收购或开发后,SDR将有90天的期限审查地质资料以及SDR合理索求的其他资料。如果90天后SDR决定不开发该矿源,TNCEB有权寻求别的投资方。

 

 

4.     In the event that SDR chooses to acquire, develop or exploit any mining
opportunities identified by TNCEB, SDR shall first present the plan to TNCEB and
study collectively with TNCEB related development or acquisition plans. The
parties will then have ten (10) days to come to terms on a mutually acceptable
working agreement with respect to the purchase and/or development of the mining
property.

如果SDR决定收购、开发或开采TNCEB推荐的矿源,SDR将首先向TNCEB提交开发或收购方案与其共同研讨。然后双方在10天内达成该矿权的收购或开发协议。

 

5.     Should TNCEB identify any mining opportunities and not wish to
participate as a joint venture partner with the purchase and or development of
any property, in consideration for entering into this exclusive agreement and
providing the required due diligence on any prospective mining property, TNCEB
shall receive from SDR a payment equal to 1% of the purchase price of any
property. If any portion of the purchase price is paid of any consideration
other than cash (for example common stock of SDR) then in that event SDR shall
pay TNCEB 2% of the non – cash consideration payable to the Seller.
Notwithstanding the foregoing, no payment shall be due TNCEB if the Seller is an
affiliate of TNCEB.  

如果TNCEB在推荐矿源后不想作为合资方参与收购或开发,根据此排他性协议以及TNCEB为
候选矿源所提供的尽职调查,SDR将支付TNCEB费用,相当于该矿源购买价格的1%。如果购买价格有任何部分以非现金方式(如SDR的普通股票)支付,SDR将支付TNCEB该非现金部分的2%。但是如果卖方是TNCEB的隶属企业,TNCEB将不会被支付任何费用。

 

2

  

  Exhibit 10.8
 

 

6.   

The initial term of the Agreement shall be five years commencing on the
date of execution of the Agreement. It will be automatically extended for
additional one year term unless written notice is received by the
non-terminating party within 60 days of the scheduled termination date.

本协议在签署后5年有效。有效期过后自动续延1年,或者由任何一方在有效期结束前60天内书面提出终止。

 

7.     

Except as set forth herein, each party shall bear their own costs with
respect to their operations in China and the identification and development of
any mining property.  

除非本协议另有规定,双方自负在中国的运营及找矿开发等费用。

 

8.     

The two parties shall indemnify, defend and hold harmless each other and
any of each party’s directors, officers and employees from and against any and
all liabilities, losses, expenses, demands, claims, suits or judgments arising
out of the arrangement discussed this agreement. The provisions of this
Paragraph 8 shall survive any expiration of this Agreement.

如果本协议执行过程中出现任何损失、索赔、诉讼、判决等法律责任,双方将保障各方的董事、管理人员及雇员不受牵连。此第八条条款在本协议失效后依然有效。

 

9.     

This Agreement shall be governed by and construed in accordance with the
laws of the People’s Republic of China, without regard to such state’s conflicts
of laws and or principles.

本协议由中国人民共和国的法律管辖并解释,尽管该国有可能出现法律及原则的冲突。

 

10. 

Neither party shall be the agent, partner, nor legal representative of
the other, either expressed or implied, nor shall either party have the right or
power to enter into any contractual obligation whatsoever on behalf of the other
party without the prior written consent of the other party.

任何一方不得未征得另一方的书面许可而以公开或隐含方式作为另一方的代理、合作伙伴、法律代表,或者代表另一方与第三方签署任何约定。

 

11. 

This Agreement is personal to the parties and the rights, interests and
obligations of the parties hereunder shall not be assigned or sub-assigned in
whole or in part by either party.

本协议仅适用于协议双方,其中任何部分的权益及义务不得转让给第三方。

 

3

  

  Exhibit 10.8
 

 

12. 

Except as otherwise provided herein, this Agreement shall not be amended
or supplemented except by an instrument in writing executed on behalf of both
parties by their duly authorized representatives.

除非双方合法代表签署认可,本协议不得变更或补充。

 

13. 

This Agreement sets forth the entire understanding between the parties as
to the subject matter hereof, and supersedes any and all prior and/or collateral
agreements, understandings and representations, written and oral, relating to
the subject matter hereof.

本协议由双方完全认可,超越任何以前达成的口头或书面协议。

 

14. 

No failure on the part of a party to exercise and no delay in exercising,
and no course of dealing with respect thereto, any right power or privilege
under this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of any right, power or privilege under this agreement preclude
any other or further exercise thereof or the exercise of any other right, power
or privilege.

如果任何一方没有及时行使本协议中的任何权益,这并不等于放弃该权利,或者妨碍行使任何其他权益。

 

15. 

This agreement may be executed in two counterparts, all of which taken
together shall constitute one and the same instrument.

本协议一式两份,皆为有效原件。

 

16. 

If for any reason any provisions of this Agreement is held to be invalid,
illegal or unenforceable, such provision shall be modified to the minimum extent
necessary to make such provision consistent with applicable law and the original
intent of the parties and the remaining provisions of this Agreement shall not
be affected and shall remain in full force and effect.

如果本协议中的任何条款因任何理由失效或无法执行,该条款将做最小限度的修改以维持双方的原意,而其他条款将不受任何影响。

 

4

  

  Exhibit 10.8
 

 

This Agreement is entered into on the date set forth above.

本协议于文件开头所述日期签署。

 

 

 

Tianjin North China Exploration Bureau

天津华北地质勘查局

 

 

 

________________________                                       
 

BY: Dr. Duan Huanchun                                                   

ITS: Chief Engineer

总工程师       
段焕春博士                                  

 

 

 

Silver Dragon Resources Inc.

银龙资源公司

 

 

 

_________________________

BY: Marc M. Hazout

ITS: President and CEO

总裁兼首席执行官   
马克·M·哈佐特先
生

 

 

5Silver Dragon Resources Inc.: Exhibit 10.9 - Prepared by TNT Filings Inc.

Exhibit 10.9

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This Executive Employment Agreement (“Agreement”) is made
and effective the 15th day of November, 2005, by and between Silver Dragon
Resources Inc. (“Company”) and Marc Hazout (“Executive”).

 

NOW, THEREFORE, the parties hereto agree as follows:

 

1.  Employment.

 

Company hereby agrees to initially employ Executive as its
President and Chief Executive Officer and hereby accepts such employment in
accordance with the terms of this Agreement and the terms of employment
applicable to regular employees of Company.  In the event of any conflict or
ambiguity between terms of this Agreement and the terms of employment applicable
to regular employees, the terms of this Agreement shall control.   

 

2.  Duties of Executive.

 

The duties of Executive shall include the performance of
all of the duties typical of the office held by Executive as described in the
bylaws of the Company and such other duties and projects as may be assigned by a
superior officer of the Company, if any, or the board of directors of the
Company.   

 

3.  Compensation

 

Executive will be paid compensation during this Agreement
as follows:

 

A:  A base salary of $288,000.00, payable in installments
according to the Company’s regular payroll schedule.  The base salary shall be
adjusted at the end of each year of employment at the discretion of the board of
directors.  Executive shall also receive a commission on any sales or contracts
the Executive may close on behalf of the Company, such compensation to match the
Company compensation plan for sales executives.

 

B.  As a signing bonus and in consideration of Executive’s
facilitation of the transaction with Linear Gold Corp. and Dutchess Private
Equities Fund, L.P., the Executive shall be granted One Million (1,000,000)
shares of Common Stock of the Company.   

 

4. Benefits

 

A.  Holidays.  Executive will be entitled to at
least 8 weeks paid holidays each calendar year and 14 personal days.  Company
will notify Executive on or about the beginning of each calendar year with
respect to the holiday schedule for the coming year.  Personal holidays, if any,
will be scheduled in advance subject to requirements of Company.  Such holidays
must be taken during the calendar year and cannot be carried forward into the
next year.

 

B. Sick Leave. Executive shall be entitled to sick
leave and emergency leave according to regular policies and procedures of
Company.  Additional sick leave or emergency leave over and above paid leave
provided by the Company, if any, shall be unpaid and shall be granted at the
discretion of the board of directors.

 

1

Exhibit 10.9

 

 

C.  Medical and Group Life Insurance.  Company
agrees to include Executive in the group medical and hospital plan of Company
and provide group life insurance for Executive at no charge to Executive in the
amount of the cost to cover Executive’s entire family under a Grade A PPO
medical and dental program during this Agreement. Executive shall be responsible
for payment of any federal or state income tax imposed upon these benefits.

 

D. Pension and Profit Sharing Plans. Executive shall
be entitles to participate in any pension or profit sharing plan or other type
of plan adopted by Company for the benefit of its officers and/or regular
employees.  Executive shall be entitled to receive stock incentives from
Company, said incentives may be in the form of Stock Options, Warrants or other
form of stock of the Company.  Such Stock incentives are to be approved by the
Board of Directors.  Executive will also have the right to sell his stock from
time to time, as per SEC regulations.

 

E. Automobile. Company
will provide to Executive the use of an automobile of Executive's choice at a
gross purchase price not to exceed $3,000.00 per month. Company agrees to
replace the automobile with a new one at Executive's request no more often than
once every two years. Company will pay all automobile-operating expenses
incurred by Executive in the performance of an Executive's company duties
including insurance, gas and parking. Company will procure and maintain in force
an automobile liability policy for the automobile with coverage, including
Executive, in the minimum amount of $2,000,000.00 combined single limit on
bodily injury and property damage.

 

F. 
Expense Reimbursement. Executive shall be entitled to reimbursement for all
reasonable expenses, including travel and entertainment, incurred by Executive
in the performance of Executive's duties. Executive will maintain records and
written receipts as required by the Company policy and reasonably requested by
the board of directors to substantiate such expenses.

 

5.  
Term and Termination.

 

A. The Initial Term of this
Agreement shall commence on November 15, 2005 and it shall continue in effect
for a period of Five (5) years. Thereafter, the Agreement shall be renewed upon
the mutual agreement of Executive and Company. This Agreement and Executive's
employment may be terminated at Company's discretion during the Initial Term,
provided that Company shall pay to Executive an amount equal to payment at
Executive's base salary rate for the remaining period of Initial Term, plus a
lump sum amount equal to One-hundred percent (100%) of Executive's base salary,
plus full medical coverage for 12 months following the effective termination
date. In the event of such termination, Executive shall not be entitled to any
incentive salary payment or any other compensation then in effect, prorated or
otherwise.

 

B. This
Agreement and Executive's employment may be terminated by Company at its
discretion at any time after the Initial Term, provided that in such case,
Executive shall be paid a lump sum amount equal to  Seventy-five percent (75%)
of Executive's then applicable base salary for 12 months following the effective
termination date . In the event of such a discretionary termination, Executive
shall not be entitled to receive any incentive salary payment or any other
compensation then in effect, prorated or otherwise.

 

2

Exhibit 10.9

 

 

C. This
Agreement may be terminated by Executive at Executive's discretion by providing
at least thirty (30) days prior written notice to Company. In the event of
termination by Executive pursuant to this subsection, Company may immediately
relieve Executive of all duties and immediately terminate this Agreement,
provided that Company shall pay Executive at the then applicable base salary
rate to the termination date included in Executive's original termination
notice.

 

D. In the event that Executive
is in breach of any material obligation owed to Company in this Agreement,
habitually neglects the duties to be performed under this Agreement, engages in
any conduct which is dishonest, damages the reputation or standing of the
Company, or is convicted of any criminal act or engages in any act of moral
turpitude, then Company may terminate this Agreement upon five (5) days notice
to Executive. In event of termination of the agreement pursuant to this
subsection, Executive shall be paid only at the then applicable base salary rate
up to and including the date of termination.  

E. In the
event Company is acquired, or is the non-surviving party in a merger, or sells
all or substantially any of its assets, this Agreement shall not be terminated
and Company agrees to ensure that the transferee or surviving company is bound
by the provisions of this Agreement.

 

6.  
Notices.

 

Any notice required by this
Agreement or given in connection with it, shall be in writing and shall be given
to the appropriate party by personal delivery or by certified mail, postage
prepaid, or recognized overnight delivery services;

 

If to Company:

 

Silver Drgaon Resources Inc.

1121 Steeles Ave West, Suite 803

Toronto, Ontario, M2R 3W7

Fax (416) 661-9510

 

If to Executive:

 

Marc Hazout

7 Arial Crt

Thornhill, Ontario

L4J 6S8

 

3

Exhibit 10.9

 

 

7.  
Final Agreement.

 

This Agreement terminates and
supersedes any prior understandings or agreements on the subject matter hereof
This Agreement may be modified only by a further writing that is duly executed
by both parties.

 

8.  
Governing Law.

 

This Agreement shall be
construed and enforced in accordance with the laws of the province of Ontario.

 

9.  
Headings.

 

Headings used in this
Agreement are provided for convenience only and shall not be used to construe
meaning or intent.

 

10.   
No Assignment.

 

Neither this Agreement nor any or interest in this Agreement may be assigned by
Executive without the prior express written approval of Company, which may be
withheld by Company at Company's absolute discretion.

 

11.   Severability.

 

If any term of this Agreement is held by a court of competent jurisdiction to be
invalid or unenforceable, then this Agreement, including all of the remaining
terms, will remain in full force and effect as if such invalid or unenforceable
term had never been included.

 

12. 
Competition.

 

It is agreed by company that
the Executive has other business ventures and is not obligated to provide 100% of
Executive's time to his responsibilities at Company.  During the term of this
Agreement and any renewals thereof, and for a period of one (1) year from the
date of cessation of his employment with the Company, the Executive will not,
directly or indirectly, in the United States or Canada, whether as a partner,
joint venturer, officer, stockholder, advisor, employee, consultant, agent, or
otherwise, in any way promote, participate, become employed by or engage in any
conduct or business which is similar to the Company’s business or competitive
with the Company’s business.   

 

13. Non-Interference and
Non-Solicitation.  During the one-year period following the Executive’s
cessation of employment, the Executive will not:

 

                       
(a)        attempt in any manner to solicit from any client or customer of the
Company business of the type performed by the Company or persuade any client or
customer of the Company to cease to do such business or to reduce the amount of
such business which any such client or customer has customarily done or
contemplates doing with the Company, whether or not the relationship between the
Company and such client or customer was originally established in whole or in
part through the Employee's efforts;  

 

                       
(b)        render any services of the type rendered by the Company (during the
term of the Executive's employment) for any client or customer of the Company;

 

4

Exhibit 10.9

 

 

                       
(c)        solicit to employ any person who is employed by the Company
(excluding any person who is a member of the Executive's family); or

 

                       
(d)        do or cause to be done, directly or indirectly, any acts which may
impair the relationship between the Company with their respective suppliers,
clients, customers or employees.

 

14. 
Office Location.

 

The
company agrees that the head office of the Company shall be located in Toronto,
Ontario unless mutually agreed to be moved by the Board of Directors and the
Executive.

 

15.   
Monetary Amounts

 

All
monetary amounts referred to herein shall be in United States Dollars.

 

 

 

 

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

 

Silver
Dragon Resources Inc.

 

By:      /s/ Marc M. Hazout   
     
                                              
 

Name:  Marc M.
Hazout                                                                      
 

             Director

 

 

 

 

5

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