Document:

ex101.htm

    Exhibit
10.1

    

    EQUIPMENT
PURCHASE AGREEMENT AND BILL OF SALE

    

    This
Agreement made this 1st day
of December, 2009 by and between Mexus Gold U.S. and Mexus Gold International,
Inc. Whereas Mexus gold International, Inc. owns certain equipment and wishes to
sell the equipment to Mexus Gold U.S. and Mexus Gold U.S. wishes to buy the
equipment for the consideration and on the terms and conditions set forth in
this agreement.

    

    In
consideration of the mutual covenants and agreements hereinafter set forth, and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Mexus Gold U.S. and Mexus Gold International, Inc.
agree as follows:

    

    
      	
              1.  

            	
              Mexus
      Gold U.S. agrees to purchase from Mexus Gold International, Inc. and Mexus
      Gold International, Inc. agrees to sell to Mexus Gold U.S. the mining
      equipment described as follows:

            

    

    

    
      	
              Equipment

            	 
      	
              Serial
      Number

            	 
      	
              Price

            	 
      	
              Shares

            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
              Komatsu
      Dozer Drill

            	 
      	
              2NKCLL9X7FM327785

            	 
      	
              $40,000

            	 
      	
              4,000,000

            
	
              Cone

            	 
      	
              CONEP282S11709

            	 
      	
              $220,000

            	 
      	
              22,000,000

            
	
              Jaw
      Crusher

            	 
      	
              JAW
      P12X361209

            	 
      	
              $80,000

            	 
      	
              8,000,000

            
	
              Serge
      Tank

            	 
      	
              PSTF96144

            	 
      	
              $30,000

            	 
      	
              3,000,000

            
	
              Hydraulic
      Drum

            	 
      	
              HYDS12YD

            	 
      	
              $30,000

            	 
      	
              3,000,000

            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	
              40,000,000

            

    

    

    
      	
              2.  

            	
              The
      purchase price payable by Mexus Gold U.S. for the mining equipment shall
      be as set forth in paragraph No. 1 above and shall be paid with 40,000,000
      restricted shares of common stock of Mexus Gold
  U.S.

            

    

    

    
      	
              3.  

            	
              Mexus
      Gold International, Inc. grants, bargains, sells, assigns, transfers,
      conveys, and sets over to Mexus Gold U.S. the equipment described in
      Paragraph No. 1 above, without warranties whatsoever and Mexus Gold U.S.
      accepts the equipment in an “as is, where is”
  condition.

            

    

    

    
      	
              4.  

            	
              This
      Agreement constitutes the entire agreement between Mexus Gold U.S. and
      Mexus Gold International, Inc. and except as herein stated and in the
      instruments and documents to be executed and delivered pursuant hereto,
      contains all of the representations and warranties of the respective
      parties.  There are no oral representations or warranties of any
      kind or nature between Mexus Gold U.S. and Mexus Gold International,
      Inc.

            

    

    

    
      	
              5.  

            	
              This
      Agreement shall be governed by and construed in accordance with the laws
      of the State of Nevada and shall enure to the benefit of and be binding on
      the parties hereto and their respective successors and
      assigns.

            

    

    

    In
Witness whereof the parties hereto have executed this Agreement as of the date
first above mentioned.

    

    
      	
              Mexus
      Gold U.S.

               

              /s/
      Paul D. Thompson

              ____________________________________

              Paul
      D. Thompson

              President

            	 
      	
              Mexus
      Gold International, Inc.

               

              /s/
      Paul D. Thompson

              ______________________________________

              Paul
      D. Thompson

              Presidentalamoex101.htm

    
      

      

    

     

    Exhibit
10.1

    
 

    Aimwell
Energy Limited

    10
Rosebery Avenue

    Harpenden

    Hertfordshire,
AL5 2QP

    UK

    

    11
January 2010

    

    Alamo
Energy Corp.

    1 Canada
Square,

    Canary
Wharf,

    London,

    E14
5AA

    

    Attention:
Mr. Allan Millmaker, CEO

    

    Reference:
Alamo Energy Corp./Aimwell Energy Limited Participation in UKCS Landward Licence
PEDL 245

    

    Dear
Allan

    

    This
letter sets out the agreement reached between Aimwell Energy
Limited  (“Aimwell”) and Alamo Energy Corp. (“Alamo”) (together the
“Parties” and individually a “Party”) with respect to the future participation
of both companies in Landward blocks TQ 26, 36, 46 and 56 (“the Blocks”), all of
which were awarded as Landward Licence PEDL 245 (“the Licence”) to Fox Energy
Exploration Limited (Fox) and Aimwell by the Secretary of State responsible for
such matters in May 2008 following the UKCS 13th
Landward Licensing Round. The Licence carries the obligation for the acquisition
of 60km of 2d seismic with a drill or drop decision to be made by June 2012. A
further 2 years of the licence will run until June 2014 if a drill decision is
made.

    

    In
consideration of the agreements and undertakings of the Parties herein
contained, the Parties agree as follows:

    

    1.
Pursuant to the Participation Agreement dated 5th
September, 2008 between Fox and Aimwell, Fox has agreed to assign its 90%
interest in the Licence to Aimwell.

    

    Subject
to approval by the Secretary of State for the Department of Energy and Climate
Change (DECC), Aimwell shall, concurrently with the assignment from Fox, assign
to Alamo a 90% Interest in the Licence, in consideration of the payment by Alamo
of £1.00 (one pound sterling), hereby acknowledged.

    

    Following
the aforementioned transactions, Alamo and Aimwell shall hold the following
Percentage Interests (as defined below) in each Block and the Licence, subject
to approval by DECC:

    

    Alamo                              90.00%

    

    Aimwell                              10.00%

    

    For the
purpose of this letter agreement, “Percentage Interest” means each Party’s
respective undivided share, expressed as a percentage of all rights, benefits,
obligations and liabilities arising under this letter agreement, in each Block
and the Licence and in any Joint Operating Agreement relating to each such Block
and the Licence.

    

    Alamo
shall be named operator (subject to approval by the Secretary of State for DECC)
of all Blocks.

    

    2. Alamo
shall pay all of Aimwell’s 10% Percentage Interest share of all costs, expenses,
liabilities and obligations (including without limitation, Licence obligations,
Licence rentals, manpower costs, wells costs, seismic and other technical data
costs) arising in respect of operations jointly conducted by Alamo and Aimwell
in respect of each Block and the corresponding Licence (“Joint Operations”),
until the date that a Field Development Plan is formally approved by the UK
Secretary of State responsible for such matters, for the development of a
discovery of petroleum in the blocks (“the Carry”). Thereafter, Alamo and
Aimwell shall each be responsible for their respective Percentage Interest share
of costs in respect of each Block and the corresponding Licence.

    

    Alamo
shall be free to assign (whether by sale or farm-out or otherwise) its
Percentage Interest in each Block and the corresponding Licence, provided
that;

    

    
      	
              (i)  

            	
              the
      third party assuming the interest being granted is acceptable to DECC;
      and

            

    

    

    
      	
              (ii)  

            	
              is
      capable of fulfilling the obligations to be assigned, including without
      limitation, the obligations in (iii) and (v) following;
  and

            

    

    

    
      	
              (iii)  

            	
              Alamo
      shall assign with the Percentage Interest to be assigned, a corresponding
      proportionate share of the Carry, in other words, if Alamo assigns 50% of
      its Percentage Interest (i.e a 45% Percentage Interest), then 50% of the
      carry (being the payment of a 5% Percentage Interest share of Aimwell’s
      total 10% Percentage Interest share of all costs, expenses, liabilities
      and obligations arising in respect of Joint Operations in the blocks)
      shall be paid by such third party – the balance attributable to the 5%
      Percentage Interest to be paid by Alamo;
and

            

    

    

    
      	
              (iv)  

            	
              Alamo
      shall remain liable to Aimwell for any failure or default on the part of
      such third party to pay the foregoing amounts when properly due;
      and

            

    

    

    
      	
              (v)  

            	
              Alamo
      shall assign with the Percentage Interest to be assigned a corresponding
      share of all of Alamo’s other rights and obligations under this letter
      agreement attributable to the Percentage Interest to be assigned and in
      any JOA (as defined in 5 below) and any other agreement entered into
      between the Parties as contemplated in 5 below;
  and

            

    

    

    
      	
              (vi)  

            	
              Alamo
      shall procure that the third party enter into a legally enforceable
      agreement with Alamo and Aimwell in respect of the obligations assumed
      under (iii) and (v) above.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    3.
Aimwell shall, subject to any necessary Government and partner consents, have
the right to assign (whether by sale of farm-out or otherwise) all or part of
its Percentage Interest in the Blocks. The assignment of all or part of
Aimwell’s Percentage Interest shall include a corresponding share of the Carry
and Alamo shall enter into a legally enforceable agreement with the assignee
third party in respect of such obligations. Aimwell will ensure that Alamo has
full and fair opportunity to make an offer (not to be unreasonably delayed) if
it proposes to dispose of all or part of its Percentage Interest and a
corresponding part of the Carry.

    

    4. Alamo
and Aimwell each agree to act in a constructive fashion to facilitate
exploration and development of each of the Blocks.

    

    5. Alamo
and Aimwell each agree to keep the other fully and timely informed on all
matters relating to Joint Operations including without limitation, technical,
operational, budget, farm-in and farm-out matters in respect of each of the
Blocks and any correspondence or communication with DECC or other applicable
governmental authorities.

    

    The
Parties shall negotiate and execute a Joint Operating Agreement (“JOA”) in
respect of the Licence based upon the Oil & Gas UK form of JOA as set out on
the Oil & Gas UK website (Standard Agreements Oct 07) no later than 6 (six)
months following the signing of this agreement. The JOA voting passmark will be
2 or more non-affiliated parties holding a minimum aggregate percentage of at
least 65%. In addition to the JOA referred to above, Alamo and Aimwell will
enter into other agreements as necessary in accordance with normal North Sea
practice.

    

    6. If at
any time Alamo wishes to relinquish any or all of the Blocks, it will notify
Aimwell in advance and provide Aimwell the opportunity to take an assignment of
interest to enable retention of the Blocks by Aimwell.

    

    7.
Aimwell will provide joint venture geotechnical and other related services on
the Licence until a drill or drop decision is made on the Licence by the
Parties.

    

    8. This
Agreement shall be governed by and construed in accordance with the laws of
England, and each of the Parties hereby irrevocably submits to the exclusive
jurisdiction of the English Courts.

    

    If you
agree that the above sets out the agreement between us, kindly so indicate by
signing in the space provided below.

    

    

    Sincerely,

    

    

    

    /s/ Michael
Rose                                                     

    Michael
Rose

    Director

    Aimwell
Energy Limited.

    

    

    Accepted
and agreed to:

    

    

    

    /s/ Allan
Millmaker
Allan
Millmaker

    CEO

    Alamo
Energy Corp.

    

    5

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