Document:

MINERAL PROPERTY PURCHASE AGREEMENT

                  THIS AGREEMENT dated for reference June 1, 2005.

BETWEEN:

                  Amanda  Klaris,  of  8080  Jones  Road,  Suite  111, Richmond,
                  British Columbia,  V6Y 4A9;

                  (the "Vendor")

                                                              OF THE FIRST PART

AND:

                  GlobePan Resources Inc., a body corporate,  duly  incorporated
                  under the laws of the Nevada and having an office at #6 - 6518
                  121st  Street,  Surrey,  British Columbia;

                  (the "Purchaser")

                                                             OF THE SECOND PART

W H E R E A S:

A.       The Vendor  is  the  owner  of a mineral  claim  located  one mile east
         northeast  of  O'Connor  Lake in the  Northwest Territories, Canada and
         registered under the name BSM-2 (record number: F84114) (the "Claim");

B.       The  parties  have  agreed  that the  Vendor  will  sell the  Claims to
         the  Purchaser  upon the terms and conditions hereinafter set forth;

                  NOW THEREFORE THIS AGREEMENT  WITNESSETH that in consideration
of the mutual covenants and provisos herein contained,  THE PARTIES HERETO AGREE
AS FOLLOWS:

1.                THE VENDOR'S REPRESENTATIONS

1.1               The Vendor represents and warrants to the Purchaser that:

         (a)      The  Vendor  is the  rightful  owner of the mineral  interests
                  comprising  the  Claim  and  holds  the  right  to explore and
                  develop the Claim;

         (b)      the Vendor, as beneficial owner of the Claim,  holds the Claim
                  free and clear of all liens,  charges and claims of others and
                  the  Vendor  has free and  unimpeded  right of  access  to the
                  Claims  and  have use of the  Claims  surface  for the  herein
                  purposes;

         (c)      The Claim  has been  duly and  validly  located  and  recorded
                  in a good and  miner-like  manner  pursuant to the laws of the
                  Northwest Territories; and

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         (d)      There is no  adverse  claims or  challenges  against or to the
                  Vendor's  ownership  of or title to the  Claim,  nor any basis
                  therefor,  and there are no outstanding  agreements or options
                  to acquire or purchase the Claim or any portion thereof.

1.2               The  representations  and  warranties of the Vendor set out in
paragraph 2.1 above form a part of this Agreement and are conditions  upon which
the Purchaser  has relied in entering into this  Agreement and shall survive the
acquisition of any interest in the Claim by the Purchaser.

2.                THE PURCHASER'S REPRESENTATIONS

                  The Purchaser warrants and represents to the Vendor that it is
a body corporate,  duly incorporated  under the laws of the State of Nevada with
full power and absolute capacity to enter into this Agreement and that the terms
of this Agreement have been authorized by all necessary corporate acts and deeds
in order to give effect to the terms hereof.

3.                SALE OF CLAIM

3.1               The Vendor hereby agrees to sell a 100% undivided right, title
and interest in and to the  Claim in  consideration  of the  Purchaser paying to
the Vendor the  sum of $7,500 to the Purchaser forthwith upon execution of  this
Agreement.

3.2               Upon the receipt of this payment, the Vendor  hereby  confirms
that he will hold the Claim  in  trust for the Purchaser.  Thereafter,  upon the
request of the  Purchaser,  the Vendor shall assist the Purchaser to record this
Agreement with the appropriate  mining  recorder and, when required,  the Vendor
shall further  provide  the  Purchaser  with  such  recordable  documents as the
Purchaser and its counsel shall require to record its due interest in respect of
the Claim.

4.                FURTHER ASSURANCES

                  The parties hereto agree to do or cause to be done all acts or
things necessary to implement and carry into effect the provisions and intent of
this Agreement.

5.                FORCE MAJEURE

                  If the  Purchaser  is  prevented  from or delayed in complying
with any  provisions of this Agreement by reasons of strikes,  labour  disputes,
lockouts,  labour  shortages,  power  shortages,   fires,  wars,  acts  of  God,
governmental  regulations  restricting  normal operations or any other reason or
reasons  beyond  the  control  of  the  Purchaser,  the  time  limited  for  the
performance  of the various  provisions of this Agreement as set out above shall
be extended by a period of time equal in length to the period of such prevention
and delay,  and the  Purchaser,  insofar as is  possible,  shall  promptly  give
written  notice  to  the  Vendor  of the  particulars  of the  reasons  for  any
prevention or delay under this section,  and shall take all reasonable  steps to
remove the cause of such  prevention  or delay and shall give written  notice to
the Vendor as soon as such cause ceases to exist.

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6.                CONFIDENTIAL INFORMATION

                  No  information  furnished  by the  Purchaser  to  the  Vendor
hereunder  in  respect  of  the  activities  carried  out on  the  Claim  by the
Purchaser,  or related to the sale of mineral  products  derived from the Claim,
shall be  published  by the  Vendor  without  the prior  written  consent of the
Purchaser,  but such  consent in respect of the  reporting of factual data shall
not be unreasonably withheld.

7.                ENTIRE AGREEMENT

                  This  Agreement  constitutes  the  entire  agreement  to  date
between  the  parties   hereto  and   supersedes   every   previous   agreement,
communication,   expectation,  negotiation,   representation  or  understanding,
whether oral or written, express or implied, statutory or otherwise, between the
parties hereto with respect to the subject matter of this Agreement.

8.                NOTICE

8.1               Any notice  required to be given under this Agreement shall be
deemed to be  well and  sufficiently  given if delivered by  facsimile,  or sent
by registered mail,  to  either  party  at its  address  provided  on the  first
page of this Agreement.

8.2               Either party hereto may from time to time by notice in writing
change its address for the purpose of this section.

9.                RELATIONSHIP OF PARTIES

                  Nothing  contained  in this  Agreement  shall,  except  to the
extent specifically  authorized hereunder,  be deemed to constitute either party
hereto a partner, agent or legal representative of the other party.

10.               FURTHER ASSURANCES

                  The parties hereto agree to do or cause to be done all acts or
things necessary to implement and carry into effect the provisions and intent of
this Agreement.

11.               TIME OF ESSENCE

                  Time shall be of the essence of this Agreement.

12.               TITLES

                  The  titles to the  respective  sections  hereof  shall not be
deemed a part of this  Agreement  but shall be  regarded as having been used for
convenience only.

13.               CURRENCY

                  All funds referred to under the terms of this Agreement  shall
be funds designated in the lawful currency of the United States of America.

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14.               APPLICABLE LAW

                  For all purposes,  this Agreement will be governed exclusively
by and  construed  and enforced in  accordance  with the laws  prevailing in the
Province of British Columbia.

15.               ENUREMENT

                  This  Agreement  shall  enure to the benefit of and be binding
upon the parties hereto and their respective successors and assigns.

16.               ASSIGNMENT

                  This agreement may be assigned by either party hereto with the
written  consent of the other  party  which  consent  shall not be  unreasonably
withheld.

                  IN WITNESS  WHEREOF this Agreement has been executed as of the
day and year first above written.

                                                        GLOBEPAN  RESOURCES INC.

                                                     per:
------------------------------                       ---------------------------
Amanda Klaris                                        Russ Field, PresidentExhibit 10.18

FRANK F. FEROLA, SR.

July 6, 2005

HAND DELIVERY

Secretary of the Company
The Stephan Company
1850 West McNab Road
Fort Lauderdale, FL 33309

RE:  Employment Agreement between Frank F. Ferola, Sr. and
The Stephan Company, as renewed from time-to-time
("Employment Agreement")

Gentlemen:

      This will constitute my unilateral, revocable waiver of certain of my
"rights" under the Employment Agreement, as follows:

      My current Base Salary as provided in Section 2.1 of the Employment
Agreement shall be reduced to $45,000.00 per month or $540,000.00 per annum
provided however, the foregoing shall be void ab initio upon the threat or
reasonable likelihood (as determined in the sole discretion of Employee) that
for these purposes, a Change in Control as defined below will occur.

Change in Control shall mean the occurrence of any of the following events;

      1.    Frank Ferola ceases to be CEO or Chairman of the Board of Directors
            of the Company.

      2.    The composition of the current Board of Directors of the Company
            shall change by 50% or more.

      3.    Any "person" (as such term is used in Section 13(d) and 14(d) of the
            Securities Exchange Act of 1934) first becomes, at any time after
            the date hereof, the "beneficial owner" (as defined in Rule 13(d) of
            the Securities Exchange Act of 1934 as in effect on the date
            hereof), directly or indirectly, of more than 50% of the combined
            "voting power" of the Company's then outstanding securities,
            excluding "voting power" exercisable on a contingent or deferral
            basis; however, excluding the following (a) any acquisition of
            securities by the Company, or (b) any acquisition of securities by
            any employee benefit plan (or related trust) sponsored or maintained
            by the Company or any corporation controlled by the Company.

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      4.    Approval by the shareholders of the Company of a reorganization,
            merger, consolidation or other form of corporate transaction or
            series of transactions of the Company, whether or not approved by
            the Board of Directors of the Company, other than a merger or
            consolidation which would result in the voting securities of the
            Company outstanding immediately prior thereto continuing to
            represent (either by remaining outstanding or by being converted
            into voting securities of the surviving entity) at least 50% of the
            total voting power represented by the voting securities of the
            Company or such surviving entity outstanding immediately after such
            merger or consolidation, or the approval by the stockholders of the
            Company of a plan of complete liquidation of the Company or an
            agreement for the sale or disposition by the Company of all or
            substantially all of the Company's assets (unless such
            reorganization, merger, consolidation, or other Corporate
            transaction, liquidation or sale is subsequently abandoned).

      The capitalized terms used herein and not otherwise defined in this letter
shall have the definitions assigned to such terms in the Employment Agreement.

      This waiver is conditioned upon my understanding that no adjustment of any
negative type will be made to any past and future income, including bonus, by
virtue of any required restatement of the Company's financial statements.

Employee:

-----------------------
Frank F. Ferola, Sr.

CC: Shouky Shaheen
Audit Committee

NOTE: Salary at $45,000.00 per month will be effective through 12/31/05, and
then contract increase will be in effect starting 1/1/06

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