Document:

ex101form8k020212.htm

Exhibit 10.1

Execution Version

 

MANAGEMENT AND SERVICES AGREEMENT

 

This MANAGEMENT AND SERVICES AGREEMENT (this "Agreement") is made and entered into as of February 2, 2012 by and between BMB MUNAI, INC., a company incorporated under the laws of the State of Nevada ("BMB") located at 324 South 400 West, Suite 250, Salt Lake City, Utah 84101, and LAKEVIEW INTERNATIONAL, LLC., a company organized under the laws of the State of Utah ("LIL") located at 352 East 426 North, Alpine, Utah 84004.

 

WHEREAS, BMB desires to receive senior management, accounting, administrative and outsourcing services from LIL and LIL is willing to furnish or make such services available to BMB, on the terms and conditions set forth below.

 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereby agree as follows:

 

1. Scope of Services

 

BMB hereby engages LIL to provide certain general corporate management and other services, including but not limited to financial, accounting, recordkeeping, tax and other management, administrative, and support services specified in Section 2 hereof and other similar services as requested from time to time (collectively, the "Services") and LIL hereby accepts such engagement in accordance with the terms of this Agreement.

 

2. Management, Administrative and Support Personnel

 

2.1. Management and Support Personnel. LIL shall, during the Term (as defined below) of this Agreement, make available management, administrative and support personnel (the "Management and Support Personnel") requested by BMB in furtherance of fulfilling BMB’s obligations pursuant to the PARTICIPATION INTEREST PURCHASE AGREEMENT, dated February 14, 2011, by and among Palaeontol B.V., BMB, and MIE Holdings Corporation, as amended, (the “PIPA”) a copy of which is attached hereto and incorporated herein by
this reference as Exhibit A, and the winding down of the BMB Munai, Inc. Representative Office in  Kazakhstan. The Management and Support Personnel will be and shall remain the employees or contractors of LIL or an affiliate of LIL, as the case may be, during the Term and will not be employees of BMB.  All such employees will be under the supervision and control of LIL or such affiliate, as the case may be, and not BMB. LIL shall be responsible for providing salary and employee benefit coverage for the Management and Support Personnel. LIL reserves, and shall have, the exclusive right to terminate any individual providing Services contemplated by this Agreement at any time. LIL shall be responsible for compliance with all applicable laws and regulations which relate to employment or workplace conditions with respect to Management and Support Personnel.

 

2.2. Financial Reporting. LIL shall assist in the preparation of financial reports and quarterly and annual financial statements and shall provide such financial reporting assistance and support as BMB may require during the Term.

 

3. Retention of Authority by BMB. Throughout the Term, BMB shall retain all authority and control over its business, policies, operations and assets. The Management and Support Personnel shall perform their duties hereunder in accordance with the policies, procedures, bylaws, and directives of BMB.

 

 

  

  

  

 

4. Fees and Expenses.

 

4.1. Management Fee and Reimbursement of Expenses. In exchange for the Services provided hereunder BMB shall pay to LIL $1,947,500.00, which is comprised of anticipated out-of-pocket expenses required to perform the services in the amount of $1,900,000.00, plus a management fee of 0.025% of anticipated out-of-pocket expenses, or $47,500.00.  The full amount shall be due and payable upon execution of this Agreement.

 

4.2. Outsourcing Services. At the request of BMB, LIL will provide outsourcing services to BMB. BMB shall pay LIL fees for such outsourcing which shall be determined based on fair market value rates.

 

5. Term and Termination. The initial term of this Agreement shall commence as of the execution of this Agreement and continue thereafter through December 31, 2012, (the "Term). This Agreement may be terminated upon the written agreement of both parties, provided that any out-of-pocket expenses not incurred at the time of termination shall be returned by LIL to BMB upon such termination. Notwithstanding the foregoing, termination of this Agreement shall not affect obligations of either party that may have accrued prior to the effective date of termination.

 

6. Rights Cumulative: No Waiver. No right or remedy herein conferred upon or reserved to either of the parties hereto is intended to be exclusive of any other right or remedy, and each and every right and remedy shall be cumulative and in addition to any other right or remedy given hereunder, or now or hereafter legally existing. The failure of either party hereto to insist at any time upon the strict observance or performance of any of the provisions of this Agreement or to exercise any right or remedy as provided in this Agreement, shall not impair any such right or remedy or be construed as a waiver or relinquishment thereof with respect to
subsequent defaults. Every right and remedy given by this Agreement to the parties hereof may be exercised from time to time and as often as may be deemed expedient by the parties hereto, as the case may be. 

 

7. Miscellaneous.

 

7.1. Confidentiality of Records. LIL shall use reasonable efforts to maintain the confidentiality of all confidential information contained in the files and records, disclosing the same only as directed by law or by BMB.

 

7.2. Disclaimer of Intent to Become Partners. BMB and LIL shall not by virtue of this Agreement be deemed partners or joint venturers in the operation of BMB or any related entity. It is expressly understood that LIL is hereby retained by BMB to provide limited management services and personnel to BMB and LIL shall be no more than an independent contractor of BMB providing services to BMB for the fees and expense reimbursements provided for in this Agreement. Nothing herein shall be construed for any purpose to create the relationship of employer and employee, joint venturers or partners, between LIL and Management and Support Personnel on the one
hand, and BMB on the other hand. This Agreement is for the exclusive benefit of the parties hereto. It is understood and agreed that nothing contained in this Agreement shall confer or be construed to confer any benefit on persons who are not parties to this Agreement.

 

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7.3. Indemnification. Each party agrees to indemnify and hold harmless the other party, including such other party's members, directors, officers, employees, agents and representatives, and their successors and assigns, from and against any and all claims, demands, actions, charges, liabilities and damages, including reasonable attorney's fees (collectively, "Claims"), arising from or relating to the indemnifying party's breach of this Agreement. Notwithstanding the foregoing, neither LIL nor any of its members, officers, directors, employees or agents shall be liable to BMB or its
creditors for errors of judgment or for anything except willful malfeasance, bad faith or gross negligence in the performance of their duties or reckless disregard of their obligations and duties under the terms of this Agreement and no party shall be entitled to indemnification hereunder for any Claim which is covered by an insurance policy and is ultimately paid by the insurer thereunder, provided however, that nothing herein shall prevent the indemnified party's insurer from seeking recovery from the indemnifying party's insurer.

 

7.4. Restriction on Assignment. Neither party hereto may assign its interest in or delegate the performance of its obligations under this Agreement to any other person without obtaining the prior written consent of the other party.

 

7.5. Successors. Subject to Section 7.4 above, all the provisions herein contained shall be binding upon and inure to the benefit of the respective successors and assigns of BMB and LIL to the same extent as if each such successor and assign were in each case named as a party to this Agreement.

 

7.6. Headings. The headings to the various sections of this Agreement have been inserted for convenience of reference only and shall not modify, define, limit or expand the express provisions of this Agreement.

 

7.7. Notices. All notices, billings, requests, demands, approvals, consents and other communications hereunder shall be in writing and shall be deemed to have been duly given if hand delivered, delivered by a recognized air courier services or mailed by certified mail, return receipt requested, postage prepaid to the parties at their respective addresses first set forth above.

 

7.8. Effect of Invalidity. Should any part of this Agreement, for any reason, be declared invalid, such decision shall not affect the validity of any remaining portion, which remaining portion shall remain in force and effect as if this Agreement had been executed with the invalid portion thereof eliminated.

 

7.9. Applicable Law. The parties agree that this Agreement shall be construed in accordance with the laws of the State of Utah.

 

7.10. Amendments. Any amendments to this Agreement shall be in writing and signed by duly authorized representatives of the parties hereto.

 

[Signature page follows immediately.]

 

3

  

  

  

 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized representatives as of the day and year first above written.

	  	  	  
	
BMB MUNAI, INC.

	  	  
	
By:

	  	

/s/ Askar Tashtitov

	
Name:

	  	
Askar Tashtitov

	
Title:

	  	
President

	  
	
LAKEVIEW INTERNATIONAL LLC

	  	  
	
By

	  	

/s/ Daymon Smith

	
Name:

	  	
Daymon Smith

	
Title:

	  	
Manager

 

Signature Page to Management and Services Agreement

 

4Bullion Monarch Mining, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

VOTING AGREEMENT

            This
Voting Agreement (this "Agreement"), dated as of February 7, 2012 between
the undersigned shareholder ("Shareholder") of Bullion Monarch Mining,
Inc., a corporation incorporated under the laws of the State of Utah (the
"Company"), and Eurasian Minerals Inc., a corporation incorporated
under the laws of the Province of British Columbia ("Parent").

            WHEREAS,
on or about the date of the execution of this Agreement, the Company, Parent and
EMX (Utah) Corp., a Utah corporation and wholly owned subsidiary of Parent
("Merger Sub"), have entered, or will enter, into a Merger Agreement (as
the same may be amended from time to time, the "Merger Agreement"),
providing for, among other things, the merger (the "Merger") of Merger
Sub and the Company pursuant to the terms and conditions of the Merger
Agreement;

            WHEREAS,
as a condition to its willingness to enter into the Merger Agreement, Parent has
required that Shareholder execute and deliver this Agreement; and

            WHEREAS,
in order to induce Parent to enter into the Merger Agreement, Shareholder is
willing to make certain representations, warranties, covenants and agreements
with respect to the shares of common stock, par value $0.001 per share, of the
Company ("Company Common Stock") beneficially owned by Shareholder and
set forth below Shareholder's signature on the signature page hereto (the
"Original Shares" and, together with any additional shares of Company
Common Stock pursuant to Section 6 hereof, the "Shares").

            NOW,
THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

	1. 	Definitions. 

            For
purposes of this Agreement, capitalized terms used and not defined herein shall
have the respective meanings ascribed to them in the Merger Agreement.

	2. 	Representations of Shareholder.
  

            Shareholder
represents and warrants to Parent that:

1

		(a) 	
      (i) Shareholder owns beneficially (as such term is
      defined in Rule 13d-3 under the Exchange Act) all of the Original Shares
      free and clear of all liens, charges, pledges, security interests,
      encumbrances, claims or demands, and (ii) except pursuant hereto, there
      are no options, warrants or other rights, agreements, arrangements or
      commitments of any character to which Shareholder is a party relating to
      the pledge, disposition or voting of any of the Original Shares and there
      are no voting trusts or voting agreements with respect to the Original
      Shares.

	 	 	 
		(b) 	
      Shareholder does not beneficially own any shares of
      Company Common Stock other than (i) the Original Shares and (ii) any
      options, warrants or other rights to acquire any additional shares of
      Company Common Stock or any security exercisable for or convertible into
      shares of Company Common Stock, set forth on the signature page of this
      Agreement (collectively, "Options").

	 	 	 
		(c) 	
      Shareholder has full power, authority and legal capacity
      to enter into, execute and deliver this Agreement and to perform fully
      Shareholder's obligations hereunder (including the proxy described in
      Section 3(b) below)). This Agreement has been duly and validly
      executed and delivered by Shareholder and constitutes the legal, valid and
      binding obligation of Shareholder, enforceable against Shareholder in
      accordance with its terms.

	 	 	 
		(d) 	
      None of the execution and delivery of this Agreement by
      Shareholder, the consummation by Shareholder of the transactions
      contemplated hereby or compliance by Shareholder with any of the
      provisions hereof will conflict with or result in a breach, or constitute
      a default (with or without notice of lapse of time or both) under any
      provision of, any trust agreement, loan or credit agreement, note, bond,
      mortgage, indenture, lease or other agreement, instrument or Law
      applicable to Shareholder or to Shareholder's property or
assets.

	 	 	 
		(e) 	
      No consent, approval or authorization of, or designation,
      declaration or filing with, any Governmental Entity or other Person on the
      part of Shareholder is required in connection with the valid execution and
      delivery of this Agreement. No consent of Shareholder's spouse is
      necessary under any "community property" or other laws in order for
      Shareholder to enter into and perform its obligations under this
      Agreement.

	 	 	 
	3. 	
      Agreement to Vote Shares; Irrevocable
  Proxy.

	 	 	 
		(a) 	
      Shareholder agrees during the term of this Agreement to
      vote the Shares, and to cause any holder of record of Shares to vote or
      execute a written consent or consents if Shareholders of the Company are
      requested to vote their shares through the execution of an action by
      written consent in lieu of any such annual or special meeting of
      Shareholders of the Company: (i) in favor of the Merger and the Merger
      Agreement, at every meeting (or in connection with any action
  by written consent) of the shareholders of the Company at
      which such matters are considered and at every adjournment or postponement
      thereof; (ii) against (1) any Competing Transaction, (2) any action,
      proposal, transaction or agreement which could reasonably be expected to
      result in a breach of any covenant, representation or warranty or any
      other obligation or agreement of the Company under the Merger Agreement or
      of Shareholder under this Agreement and (3) any action, proposal,
      transaction or agreement that could reasonably be expected to impede,
      interfere with, delay, discourage, adversely affect or inhibit the timely
      consummation of the Merger or the fulfillment of Parent's, the Company's
      or Merger Sub's conditions under the Merger Agreement or change in any
      manner the voting rights of any class of shares of the Company (including
      any amendments to the Articles of Incorporation of the Company or the
  bylaws of the Company).

2

		(b) 	
      Shareholder hereby appoints Parent and any designee of
      Parent, and each of them individually, its proxies and attorneys-in-fact,
      with full power of substitution and resubstitution, to vote or act by
      written consent during the term of this Agreement with respect to the
      Shares in accordance with Section 3(a). This proxy and power of
      attorney is given to secure the performance of the duties of Shareholder
      under this Agreement. Shareholder shall take such further action or
      execute such other instruments as may be necessary to effectuate the
      intent of this proxy. This proxy and power of attorney granted by
      Shareholder shall be irrevocable during the term of this Agreement, shall
      be deemed to be coupled with an interest sufficient in law to support an
      irrevocable proxy and shall revoke any and all prior proxies granted by
      Shareholder with respect to the Shares. The power of attorney granted by
      Shareholder herein is a durable power of attorney and shall survive the
      dissolution, bankruptcy, death or incapacity of Shareholder. The proxy and
      power of attorney granted hereunder shall terminate upon the termination
      of this Agreement.

	 	 	 
	4. 	
      No Voting Trusts or Other
  Arrangement.

            Shareholder
agrees that Shareholder will not, and will not permit any entity under
Shareholder's control to, deposit any of the Shares in a voting trust, grant any
proxies with respect to the Shares or subject any of the Shares to any
arrangement with respect to the voting of the Shares other than agreements
entered into with Parent. 

	5. 	
      Transfer and Encumbrance.

            Shareholder
agrees that during the term of this Agreement, Shareholder will not, directly or
indirectly, transfer, sell, offer, exchange, assign, pledge or otherwise dispose
of or encumber ("Transfer") any of the Shares or enter into any contract,
option or other agreement with respect to, or consent to, a Transfer of, any of
the Shares or Shareholder's voting or economic interest therein. Any attempted Transfer of Shares or any interest
therein in violation of this Section 5 shall be null and void. This Section 5 shall not prohibit a Transfer of the Shares by Shareholder to
any member of Shareholder's immediate family, or to a trust for the benefit of
Shareholder or any member of Shareholder's immediate family, or upon the death
of Shareholder; provided, that a Transfer referred to in this sentence shall be
permitted only if, as a precondition to such Transfer, the transferee agrees in
a writing, reasonably satisfactory in form and substance to Parent, to be bound
by all of the terms of this Agreement.

3

	6. 	
      Additional Shares.

            Shareholder
agrees that all shares of Company Common Stock that Shareholder purchases,
acquires the right to vote or otherwise acquires beneficial ownership (as
defined in Rule 13d-3 under the Exchange Act, but excluding shares of Company
Common Stock underlying unexercised Options) of after the execution of this
Agreement shall be subject to the terms of this Agreement and shall constitute
Shares for all purposes of this Agreement. 

	7. 	
      Waiver of Appraisal and Dissenters'
  Rights.

            Shareholder
hereby waives, and agrees not to assert or perfect, any rights of appraisal or
rights to dissent from the Merger that Shareholder may have by virtue of
ownership of the Shares.

	8. 	
      Termination.

            This
Agreement shall terminate upon the earliest to occur of (i) the Effective Time
and (ii) the date on which the Merger Agreement is terminated in accordance with
its terms. In addition, upon written notice to the Parent, the Shareholder may
terminate this Agreement if the board of directors of the Company receives a
Superior Offer and withdraws its recommendation to shareholders regarding the
Merger in accordance with Section 5.7 of the Merger Agreement. 

	9. 	
      No Agreement as Director or
  Officer.

            Shareholder
makes no agreement or understanding in this Agreement in Shareholder's capacity
as a director or officer of the Company or any of its subsidiaries (if
Shareholder holds such office), and nothing in this Agreement: (a) will limit or
affect any actions or omissions taken by Shareholder in stockholder's capacity
as such a director or officer, including in exercising rights under the Merger
Agreement, and no such actions or omissions shall be deemed a breach of this
Agreement or (b) will be construed to prohibit, limit or restrict Shareholder
from exercising Shareholder's fiduciary duties as an officer or director to the
Company or its stockholders. 

4

	10. 	
      Specific Performance.

            Each
party hereto acknowledges that it will be impossible to measure in money the
damage to the other party if a party hereto fails to comply with any of the
obligations imposed by this Agreement, that every such obligation is material
and that, in the event of any such failure, the other party will not have an
adequate remedy at law or damages. Accordingly, each party hereto agrees that
injunctive relief or other equitable remedy, in addition to remedies at law or
damages, is the appropriate remedy for any such failure and will not oppose the
seeking of such relief on the basis that the other party has an adequate remedy
at law. Each party hereto agrees that it will not seek, and agrees to waive any
requirement for, the securing or posting of a bond in connection with the other
party's seeking or obtaining such equitable relief. 

	11. 	
      Entire Agreement.

            This
Agreement supersedes all prior agreements, written or oral, between the parties
hereto with respect to the subject matter hereof and contains the entire
agreement between the parties with respect to the subject matter hereof. This
Agreement may not be amended or supplemented, and no provisions hereof may be
modified or waived, except by an instrument in writing signed by both of the
parties hereto. No waiver of any provisions hereof by either party shall be
deemed a waiver of any other provisions hereof by such party, nor shall any such
waiver be deemed a continuing waiver of any provision hereof by such party. 

	12. 	
      Notices.

            All
notices, requests, claims, demands, and other communications hereunder shall be
in writing and shall be deemed to have been given (a) when delivered by hand
(with written confirmation of receipt), (b) when received by the addressee if
sent by a nationally recognized overnight courier (receipt requested), (c) on
the date sent by facsimile or e-mail of a PDF document (with confirmation of
transmission) if sent during normal business hours of the recipient, and on the
next Business Day if sent after normal business hours of the recipient, or (d)
on the third day after the date mailed, by certified or registered mail, return
receipt requested, postage prepaid. Such communications must be sent to the
respective parties at the following addresses (or at such other address for a
party as shall be specified in a notice given in accordance with this Section
12):

If to Parent:

Eurasian Minerals Inc.
6624 Willow
Broom Trail
Littleton, Colorado 80125 
Facsimile: 303-973-0715
Email:
dave@emxmail.com

5

Attention: David M. Cole, President
& CEO

Copy to:

Blake, Cassels & Graydon
LLP
2600 - 595 Burrard Street 
Vancouver, British Columbia V7X
1L3
Facsimile: 604-631-3309
Email: andrew.mcleod@blakes.com
Attention:
Andrew McLeod

If to Shareholder, to the address or
facsimile number set forth for Shareholder on the 
signature page hereof.

Copy to:

[STOCKHOLDER'S COUNSEL'S
NAME]
[ADDRESS]
Fax: [NUMBER]
Attention: 

	13. 	
      Miscellaneous.

	 	 	 
		(a) 	
      This Agreement shall be governed by and construed in
      accordance with the internal laws of the State of Utah without giving
      effect to any choice or conflict of law provision or rule (whether of the
      State of Utah or any other jurisdiction) that would cause the application
      of Laws of any jurisdiction other than those of the State of
  Utah.

	 	 	 
		(b) 	
      Each of the parties hereto irrevocably agrees that any
      legal action or proceeding with respect to this Agreement and the rights
      and obligations arising hereunder, or for recognition and enforcement of
      any judgment in respect of this Agreement and the rights and obligations
      arising hereunder brought by the other party hereto or its successors or
      assigns shall be brought and determined exclusively in the state courts
      located in Salt Lake County, Utah, or in the event (but only in the event)
      that such court does not have subject matter jurisdiction over such action
      or proceeding, in the federal courts located in Salt Lake County, Utah.
      Each of the parties hereto agrees that mailing of process or other papers
      in connection with any such action or proceeding in the manner provided in
      Section 12 or in such other manner as may be permitted by
      applicable Laws, will be valid and sufficient service thereof. Each of the
      parties hereto hereby irrevocably submits with regard to any such action
      or proceeding for itself and in respect of its property, generally and
      unconditionally, to the personal jurisdiction of the aforesaid courts and
      agrees that it will not bring any action relating to this Agreement or any
      of the transactions contemplated by this Agreement in any court
      or tribunal other than the aforesaid courts. Each of the parties hereto
      hereby irrevocably waives, and agrees not to assert, by way of motion, as
      a defense, counterclaim or otherwise, in any action or proceeding with
      respect to this Agreement and the rights and obligations arising
      hereunder, or for recognition and enforcement of any judgment in respect
      of this Agreement and the rights and obligations arising hereunder (i) any
      claim that it is not personally subject to the jurisdiction of the above
      named courts for any reason other than the failure to serve process in
      accordance with this Section 13(b), (ii) any claim that it or its
      property is exempt or immune from jurisdiction of any such court or from
      any legal process commenced in such courts (whether through service of
      notice, attachment prior to judgment, attachment in aid of execution of
      judgment, execution of judgment or otherwise), and (iii) to the fullest
      extent permitted by the applicable Law, any claim that (x) the suit,
      action or proceeding in such court is brought in an inconvenient forum,
      (y) the venue of such suit, action or proceeding is improper, or (z) this
      Agreement, or the subject matter hereof, may not be enforced in or by such
  courts.

6

	 	(c) 	
      EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY
      WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND
      DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND
      UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT
      OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
      TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT
      CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY
      HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT
      SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B)
      SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY
      MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO
      ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
      CERTIFICATIONS IN THIS SECTION 13(c).

	 	 	 
	 	(d) 	
      If any term or provision of this Agreement is invalid,
      illegal or unenforceable in any jurisdiction, such invalidity, illegality
      or unenforceability shall not affect any other term or provision of this
      Agreement or invalidate or render unenforceable such term or provision in
      any other jurisdiction. Upon such determination that any term or other
      provision is invalid, illegal or unenforceable, the parties hereto shall
      negotiate in good faith to modify this Agreement so as to effect the
      original intent of the parties as closely as possible in a mutually
      acceptable manner in order that the transactions contemplated hereby be consummated as
      originally contemplated to the greatest extent possible.

7

	 	(e) 	
      This Agreement may be executed in one or more
      counterparts, each of which shall be deemed to be an original but all of
      which together shall constitute one and the same instrument.

	 	 	 
	 	(f) 	
      Each party hereto shall execute and deliver such
      additional documents as may be necessary or desirable to effect the
      transactions contemplated by this Agreement.

	 	 	 
	 	(g) 	
      All Section headings herein are for convenience of
      reference only and are not part of this Agreement, and no construction or
      reference shall be derived therefrom.

	 	 	 
	 	(h) 	
      The obligations of Shareholder set forth in this
      Agreement shall not be effective or binding upon Shareholder until after
      such time as the Merger Agreement is executed and delivered by the
      Company, Parent and Merger Sub, and the parties agree that there is not
      and has not been any other agreement, arrangement or understanding between
      the parties hereto with respect to the matters set forth herein.

	 	 	 
	 	(i) 	
      Neither party to this Agreement may assign any of its
      rights or obligations under this Agreement without the prior written
      consent of the other party hereto, except that Parent may assign, in its
      sole discretion, all or any of its rights, interests and obligations
      hereunder to any of its Affiliates. Any assignment contrary to the
      provisions of this Section 13(i) shall be null and
  void.

[SIGNATURE PAGE FOLLOWS]

8

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

EURASIAN MINERALS INC.

 

By_____________________

Name:
Title:

[SHAREHOLDER]

By_____________________

Name:
Number of Shares of Company

Common Stock Beneficially 
Owned as of the Date of this

Agreement:
[Number of Options Beneficially 
Owned as of the Date of
this 
Agreement:]
Street Address:
City/State/Zip Code: 
Fax: 

9

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