Document:

f8k093009ex10i_saracreek.htm

     

     

    Exhibit
10.1

     

    THIS SHARE ACQUISITION & INVESTMENT
AGREEMENT made the 30th day of September, 2009.

     

    BETWEEN:

    SARA CREEK GOLD CORP., a
company incorporated under the laws of the State of Nevada and having an address
for notice and deliver located at 5348 Vegas Drive, #236, Las Vegas, NV
89108.

    

     

    (the
“Investor”)

     

    OF
THE FIRST PART

     

    AND:

     

    ORION RESOURCES, N.V., a
company incorporated under the laws of Suriname and having an address for
delivery at Albergastraat #33, Paramaribo, Suriname SA.

     

    (the
“Company”)

     

    OF
THE SECOND PART

     

    WHEREAS:

     

    
      	
              A.  

            	
              The
      Company is a resource company, with a 100% interest in and to a resource
      property, consisting of two exploration concessions consisting of 56,920
      hectares (the “Property”), located in
      east central Suriname, in the districts of Brokopondo and
      Sipalilwini;

            

    

     

    
      	
              B.  

            	
              The
      Investor is a Nevada Company, and wishes to purchase one share in the
      capital of the Company (the “Share”) for
      USD$2,000,000, which will comprise 50% of the Company’s issued and
      outstanding capital; and

            

    

     

    
      	
              C.  

            	
              The
      Company wishes to sell to the Investor and the Investor wishes to purchase
      the Share from the Company, on the terms and conditions set out in this
      Agreement.

            

    

     

    NOW
THEREFORE in consideration of the mutual covenants and agreements herein
contained, and for other good and valuable consideration (the receipt and
sufficiency of which are acknowledged by each party), the parties agree with one
another as follows:

     

    
      	
              1.  

            	
              INTERPRETATION

            

    

     

    
      	
              1.1  

            	
              Where
      used in this Agreement, each of the following words and terms have the
      meanings ascribed to them below:

            

    

     

    
      	
              (a)  

            	
              “Agreement” means this
      share acquisition and investment agreement and all instruments
      supplemental to or in amendment or confirmation of this agreement, and all
      references to this Agreement will include all Schedules attached
      hereto;

            

    

     

    
      	
              (b)  

            	
              “Assets” means the
      undertaking, property and assets of the Company as a going concern of
      every kind and description, wheresoever
  situated;

            

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              (c)  

            	
              “Business” means the
      business carried on by the Company, namely exploration of mineral
      properties;

            

    

     

    
      	
              (d)  

            	
              “Business Day” means any
      day, other than a Saturday, Sunday or any other day on which the principal
      chartered banks located in the City of Las Vegas, Nevada are not open for
      business during normal banking
hours;

            

    

     

    
      	
              (e)  

            	
              “Closing” means the
      completion of the purchase and sale of the Share under this
      Agreement;

            

    

     

    
      	
              (f)  

            	
              “Closing Date” means
      November 15, 2009 or such other date as agreed to by the parties to this
      Agreement;

            

    

     

    
      	
              (g)  

            	
              “Closing Time” means
      10:00 a.m. (Nevada time) on the Closing Date or such other time on such
      date as the parties may agree as the time at which the Closing will take
      place;

            

    

     

    
      	
              (h)  

            	
              “Company” means Orion
      Resources, N.V., a company incorporated under the laws of
      Suriname;

            

    

     

    
      	
              (i)  

            	
              “Encumbrance” means any
      lien, pledge, hypothecation, charge, mortgage, security interest,
      encumbrance, claim, infringement, interference, option, right of first
      refusal, pre-emptive right, community property interest or restriction of
      any nature (including any restriction on the voting of any security, any
      restriction on the receipt of any income derived from any asset, any
      restriction on the use of any asset and any restriction on the possession,
      exercise or transfer of any asset or other attribute of ownership of any
      asset, except any such restrictions imposed by or required under
      Applicable Securities Laws or other applicable laws and/or
      regulations;

            

    

     

    
      	
              (j)  

            	
              “Investor” means Sara
      Creek Gold Corp., a company incorporated under the laws of the State of
      Nevada;

            

    

     

    
      	
              (k)  

            	
              “party” or “parties” and similar
      expressions means a signatory to this Agreement, unless the context
      otherwise requires;

            

    

     

    
      	
              (l)  

            	
              “person” includes an
      individual, corporation, partnership, joint venture, society, association,
      trust, unincorporated organization, the Crown or any agency or
      instrumentality thereof or any other juridical entity, or any trustee,
      executor, administrator, or other legal
  representative;

            

    

     

    
      	
              1.2  

            	
              In
      this Agreement, except as otherwise expressly
  provided:

            

    

     

    
      	
              (a)  

            	
              the
      headings are for convenience only and do not form a part of this Agreement
      and are not intended to interpret, define, or limit the scope, extent, or
      intent of this Agreement or any of its
  provisions;

            

    

     

    
      	
              (b)  

            	
              the
      singular of any term includes the plural, and vice versa, the use of any
      term is equally applicable to any gender and, where applicable, a body
      corporate, the word “or” is not exclusive
      and the word “including” is not
      limited (whether or not non-limited language, such as “without limitation” or
      “but not limited
      to” or words of similar import is used with reference to that
      term);

            

    

     

    
      	
              (c)  

            	
              any
      reference to a statute includes and is a reference to that statute and to
      the regulations made under that statute, with all amendments made to that
      statute and in force from time to time, and to any statute or regulations
      that may be passed that has the effect of supplementing or superseding
      that statute or those regulations;

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              (d)  

            	
              except
      as otherwise provided, any dollar amount referred to in this Agreement is
      in United States of America funds;
and

            

    

     

    
      	
              (e)  

            	
              any
      other term defined within the text of this Agreement has the meaning so
      ascribed.

            

    

     

    
      	
              1.3  

            	
              The
      following are the Schedules to this
Agreement:

            

    

     

    
      	 
      	
              Schedule

            	
              Description

            
	 
      	
              A

            	
              Major
      Assets of the Company

            
	 
      	
              B

            	
              Material
      Contracts

            

    

     

    
      	
              2.  

            	
              PURCHASE
      AND SALE OF THE SHARE

            

    

     

    
      	
              2.1  

            	
              Subject
      to the terms and conditions set out in this Agreement, the Company agrees
      to sell and the Investor agrees to purchase the Share free and clear of
      all Encumbrances, by way of an issuance from the treasury of the
      Company.

            

    

     

    
      	
              3.  

            	
              CONSENT
      & RIGHT OF FIRST REFUSAL OF
INVESTOR:

            

    

     

    
      	
              3.1  

            	
              In
      the event the Company proposes to offer for sale any securities of the
      Company to any person, then the Company shall require the consent of the
      Investor to such sale by providing the Investor with notice in writing
      (the “Notice of
      Sale”) of the Company’s intent to sell such
      securities.  The Notice of Sale shall set out the details as to
      the type of securities, as well as the total number and price of the
      securities being offered for sale.  The Investor shall have 5
      calendar days after the receipt of the Notice of Sale to exercise its ROFR
      (as hereinafter defined).  If the Investor has not exercised the
      ROFR within 5 days of receiving the Notice of Sale, then the Company may
      proceed with such sale.

            

    

     

    
      	
              3.2  

            	
              In
      the event the Company proposes to offer for sale any securities of the
      Company to any person, and the Company has provided the Notice of Sale to
      the Investor, then the Investor may at its option exercise the right to
      purchase its pro
      rata portion of such securities prior to the Company selling such
      securities to any other person (the “ROFR”).  For
      purposes of this right of first refusal, the Investor’s pro rata right shall be
      equal to the ratio of (a) the number of shares of the Company held by the
      Investor immediately prior to the issuance of such securities to (b) the
      total number of shares of Company outstanding immediately prior to the
      issuance of such securities.

            

    

     

    
      	
              3.3  

            	
              Where
      the Investor wishes to exercise its ROFR, it shall do so by providing the
      Company with a letter of subscription, setting out the number of
      securities being purchased, accompanied by the aggregate price payable for
      such purchase.

            

    

     

    
      	
              3.4  

            	
              In
      exercising its ROFR, the Investor may at its option, purchase less than
      the full number of securities being offered for sale by the
      Company.  Any securities not subscribed for by the Investor, the
      sale of which has not been objected to by the Investor, may be otherwise
      sold by the Company.

            

    

     

    
      	
              4.  

            	
              REPRESENTATIONS
      AND WARRANTIES OF THE COMPANY

            

    

     

    
      	
              4.1  

            	
              To
      induce the Investor to enter into and consummate this Agreement, the
      Company represents and warrants and covenants to the Investor as
      follows:

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              (a)  

            	
              the
      Company is a corporation duly incorporated and validly existing under the
      laws of Suriname and is in good standing regarding the filing of all
      documents and the payment of all fees with the applicable corporate
      registries of its jurisdiction, and the Company has the power, authority,
      and capacity to enter into this Agreement and to carry out its
      terms;

            

    

     

    
      	
              (b)  

            	
              this
      Agreement has been duly executed and delivered by the Company and is a
      binding agreement of the Company, enforceable against it in accordance
      with its terms and conditions, except that (i) the enforcement thereof may
      be limited by bankruptcy, insolvency, reorganization, moratorium or
      similar laws affecting the rights of creditors generally, (ii) equitable
      remedies, including, without limitation, specific performance and
      injunction, may be granted only in the discretion of a court of competent
      jurisdiction, and (iii) rights of indemnity, contribution and the waiver
      of contribution provided for herein may be limited under applicable
      law;

            

    

     

    
      	
              (c)  

            	
              the
      execution and delivery of this Agreement and the performance by the
      Company of all of its obligations hereunder has been duly authorized by
      all necessary corporate action required to be taken by it or on its
      behalf, and no consents, approvals, waivers or authorizations are required
      to be obtained by it to authorize or complete the transactions
      contemplated herein;

            

    

     

    
      	
              (d)  

            	
              the
      Share, on issuance to the Investor, will be validly issued and outstanding
      as a fully paid and non-assessable share of the Company, and will be free
      and clear of all Encumbrances;

            

    

     

    
      	
              (e)  

            	
              the
      Company’s authorized capital consists of 1,000 shares without par value,
      of which only one share is currently issued and outstanding, which share
      is registered in the name of Kapelka Exploration Inc., an Alberta
      corporation;

            

    

     

    
      	
              (f)  

            	
              the
      Company is not a party to any agreements, debt instruments, or commitments
      and neither the Company nor its Assets are subject to any charter, by-law
      or other corporate restriction, nor any order or other restriction that
      would:

            

    

     

    
      	
              (i)  

            	
              prevent
      the Company from entering into this Agreement or from completing the
      transactions contemplated by this Agreement;
or

            

    

     

    
      	
              (ii)  

            	
              materially
      adversely affect the Business, the Assets, prospects, or condition,
      financial or otherwise, of the Company or accelerate the due date for
      payment of any of the Company’s
liabilities;

            

    

     

    
      	
              (g)  

            	
              the
      Company will not issue any shares, grant any options or warrants or
      otherwise create any rights that are convertible into shares that will or
      could result in more than one (1) share being issued prior to Closing
      without the prior written consent of the
  Investor;

            

    

     

    
      	
              (h)  

            	
              the
      Company does not have any subsidiaries or agreements of any nature to
      acquire any subsidiary;

            

    

     

    
      	
              (i)  

            	
              no
      person has any written or oral agreement or option or right capable of
      becoming an agreement:

            

    

     

    
      	
              (i)  

            	
              to
      require the Company to issue any securities or to convert or exchange any
      securities into or for shares of the
Company;

            

    

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
              (ii)  

            	
              for
      the purchase, subscription, allotment, or issuance of any of the unissued
      shares or other securities of the Company;
or

            

    

     

    
      	
              (iii)  

            	
              to
      require the Company to purchase, redeem, or otherwise acquire any of the
      Company’s issued and outstanding shares or other
    securities;

            

    

     

    
      	
              (j)  

            	
              from
      the date of execution of this Agreement and until the Closing
      Time:

            

    

     

    
      	
              (i)  

            	
              there
      will be no adverse material changes in the corporate or financial affairs
      of the Company;

            

    

     

    
      	
              (ii)  

            	
              the
      Company will conduct the Business in the ordinary course;
    and

            

    

     

    
      	
              (iii)  

            	
              the
      Company will not dispose of anything to a person with whom they are not
      dealing at arm’s length for proceeds less than the fair market value of
      the disposed object.

            

    

     

    
      	
              (k)  

            	
              there
      is no indebtedness other than trade debt, and the Company has not
      guaranteed or agreed to guarantee any indebtedness of any
      person;

            

    

     

    
      	
              (l)  

            	
              neither
      the shareholder of the Company, nor any officer, director, or employee of
      the Company are indebted or under obligation to the Company on any
      material account;

            

    

     

    
      	
              (m)  

            	
              the
      Company has not made, declared, or authorized any dividends or other
      distribution on any of its shares;

            

    

     

    
      	
              (n)  

            	
              the
      Company owns and has good and marketable title to its Assets, free of all
      Encumbrances or other defects in title, except as otherwise disclosed in
      this Agreement;

            

    

     

    
      	
              (o)  

            	
              the
      Company has not altered its constating documents since incorporation,
      except as disclosed in its minute books, and all alterations have been
      approved and registered with the applicable corporate
      registries;

            

    

     

    
      	
              (p)  

            	
              there
      is no basis for and there are no claims or other proceedings outstanding
      or pending or, to the best of the Company’s knowledge, threatened against
      or affecting the Company or any of the Assets at law or in equity or
      before or by any government
authority;

            

    

     

    
      	
              (q)  

            	
              to
      the best of the Company’s knowledge, the Company is conducting and will
      conduct its Business in compliance with all applicable laws, rules and
      regulations of each jurisdiction in which its Business is or will be
      carried on, and the Company is not in breach of any laws to which it is
      subject or that apply to it;

            

    

     

    
      	
              (r)  

            	
              the
      Company has obtained all permits, certificates, registrations, and
      licenses of government and administrative authorities required for the
      operation of its Business as it is presently being conducted, and, to the
      best of its knowledge, no violations of those permits, certificates,
      registrations, and licenses have been recorded and no proceeding is
      pending or threatened to revoke or limit any of
  them;

            

    

     

    
      	
              (s)  

            	
              to
      the best of the Company’s knowledge, except as otherwise provided for in
      this Agreement, no authorization or exemption by or filing with any
      government, public, or self-regulatory authority is required in connection
      with the Company’s signing, delivery, and performance of this Agreement or
      any of the agreements referred to in this
  Agreement;

            

    

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
              (t)  

            	
              the
      Company has not experienced, nor is the Company aware of, any occurrence
      that has had or might reasonably be expected to have a materially adverse
      effect on the Business or the results of its
  operations;

            

    

     

    
      	
              (u)  

            	
              the
      Company has promptly and properly recorded all of its material
      transactions in its respective books and records and the minute books of
      the Company contain complete and accurate records of all meetings and
      proceedings of shareholders and
directors;

            

    

     

    
      	
              (v)  

            	
              the
      performance of this Agreement and the completion of the transactions
      contemplated by this Agreement will not conflict with the Company’s
      constating documents or, to the best of the Company’s knowledge, of any
      agreement to which the Company or its shareholder is a party, and will not
      give any person or company any right to terminate or cancel any agreement
      or any right, license, or other benefit enjoyed by the Company, and will
      not result in the creation or imposition of any Encumbrance in favour of a
      third party on or against the
Assets;

            

    

     

    
      	
              (w)  

            	
              the
      only present directors and officers of the Company are as
      follows:

            

    

     

    
      	 
      	 
      
	
              Name

            	
              Position

            
	
              Luc
      De Rooy

            	
              Managing
      Director

            

    

     

    
      	
              (x)  

            	
              the
      Company is not in material default or breach of any of its material
      contracts and, to the Company’s knowledge, there exists no state of facts
      which after notice or lapse of time or both would constitute such a
      default or breach, and all material contracts are in good standing and the
      Company is entitled to all benefits
thereunder;

            

    

     

    
      	
              (y)  

            	
              to
      the best of the Company’s knowledge, information, and belief, the Company
      maintains the necessary policies of insurance to meet all applicable
      requirements of law and such insurance will be continued in full force and
      effect, and the Company is not in default with respect to any of the
      provisions contained in any such insurance policy and has not failed to
      give any notice or present any claim under any such insurance policy in
      due and timely fashion;

            

    

     

    
      	
              (z)  

            	
              the
      Company has made full disclosure to the Investor of all aspects of the
      Business and has made all of its books and records available to the
      representatives of the Investor in order to assist the Investor in the
      performance of its due diligence searches and no material facts in
      relation to the Business have been concealed by the Company;
      and

            

    

     

    
      	
              (aa)  

            	
              to
      the best of the Company’s knowledge, information and belief, all due
      diligence material prepared by the Company and provided to the Investor
      and its counsel is accurate in all
respects.

            

    

     

    
      	
              4.2  

            	
              The
      representations, warranties, covenants, and agreements of the Company
      contained in this Agreement or in any documents delivered in connection
      with the transactions contemplated hereby will be true at and as of the
      Closing Time as though the Company made these representations and
      warranties at and as of that time.  Despite any investigations
      the Investor may make before the signing of this Agreement or the
      Investor’s waiver of any condition, the representations, warranties,
      covenants, and agreements of the Company will survive the Closing and,
      despite the purchase and sale provided for in this Agreement, will
      continue in full force and effect.  If any of these
      representations and warranties are found to be incorrect or if there is a
      breach by the Company of any of the covenants or agreements, which
      incorrectness or breach will result in any loss or damage sustained
      directly or indirectly by the Investor, then the Company will pay the
      amount of the loss or damage to the Investor within 30 days of receiving
      notice of the loss or damage.

            

    

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	
              5.  

            	
              INVESTOR’S
      REPRESENTATIONS AND WARRANTIES

            

    

     

    
      	
              5.1  

            	
              To
      induce Company to enter into and consummate this Agreement, the Investor
      represents, warrants and covenants to the Company as
    follows:

            

    

     

    
      	
              (a)  

            	
              the
      Investor is a corporation duly incorporated and validly existing under the
      laws of Nevada, is in good standing regarding the filing of annual reports
      at the office of the Registrar of Companies for Nevada, and has the power
      and authority to enter into, deliver, and perform this Agreement and to
      carry out its terms;

            

    

     

    
      	
              (b)  

            	
              this
      Agreement has been duly executed and delivered by the Investor and is a
      binding agreement of the Investor, enforceable against it in accordance
      with its terms and conditions, except that (i) the enforcement thereof may
      be limited by bankruptcy, insolvency, reorganization, moratorium or
      similar laws affecting the rights of creditors generally, (ii) equitable
      remedies, including, without limitation, specific performance and
      injunction, may be granted only in the discretion of a court of competent
      jurisdiction, and (iii) rights of indemnity, contribution and the waiver
      of contribution provided for herein may be limited under applicable
      law;

            

    

     

    
      	
              (c)  

            	
              the
      performance of this Agreement will not violate the applicable securities
      laws to which the Investor is subject, or any agreement or other
      instrument to which the Investor is a
party;

            

    

     

    
      	
              (d)  

            	
              all
      necessary corporate action on the Investor’s part will, at Closing,
      validly authorize the signing, delivery, and performance of this Agreement
      and the completion of the transactions contemplated by this
      Agreement;

            

    

     

    
      	
              (e)  

            	
              other
      than for the approval of the directors of the Investor, no permit,
      authorization or consent of any party is necessary for the consummation by
      the Investor of the transactions contemplated in this Agreement;
      and

            

    

     

    
      	
              (f)  

            	
              the
      Investor is not in default under, and there exists no event, condition or
      occurrence which, after notice or lapse of time or both, would constitute
      a default by the Investor under any contract, agreement or licence that is
      material to the conduct of the business of the Investor to which it is a
      party or by which it is bound that would, individually or in the
      aggregate, have a material adverse effect on the
  Investor.

            

    

     

    
      	
              6.  

            	
              ACTS
      IN CONTEMPLATION OF CLOSING

            

    

     

    
      	
              6.1  

            	
              The
      Company covenants and agrees with the Investor to ensure that prior to or
      concurrently with Closing a meeting of the board of the Company will be
      held at which time Jean Pomerleau, being the director nominee of the
      Investor, will be appointed as a director of the
  Company.

            

    

     

    
      	
              7.  

            	
              CLOSING
      MATTERS

            

    

     

    
      	
              7.1  

            	
              The
      Closing will take place at the Closing Time at such place as the Investor
      may determine.

            

    

     

    
      	
              7.2  

            	
              The
      Investor’s obligation to complete the transactions contemplated by this
      Agreement is subject to the conditions
that:

            

    

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
              (a)  

            	
              the
      representations and warranties of the Company set out in sections 4.1 will
      be true and correct in every particular as if the Company had made those
      respective representations and warranties on the Closing Date;
      and

            

    

     

    
      	
              (b)  

            	
              the
      Company will have delivered all documents to be delivered under section
      7.3.

            

    

     

    The
conditions set out in this section 7.2 are for the Investor’s exclusive benefit
and the Investor may waive those conditions in writing in whole or in part on or
before the Closing Date, but save as so waived, the completion by the Investor
of the transactions contemplated by this Agreement will not prejudice or affect
in any way the Investor’s rights regarding the representations and warranties of
the Company and those representations and warranties will survive the Closing
Date for one year.

     

    
      	
              7.3  

            	
              On
      the Closing Date, the Company will deliver to the Investor or as otherwise
      directed by the Investor:

            

    

     

    
      	
              (a)  

            	
              satisfactory
      evidence representing the Share registered in the name of the
      Investor;

            

    

     

    
      	
              (b)  

            	
              a
      certificate of an officer of the Company certifying the securities
      register of the Company, as at the date of
  Closing;

            

    

     

    
      	
              (c)  

            	
              a
      certificate of an officer of the Company confirming the accuracy of all
      representations and warranties of the Company contained in section 4.1 and
      the fulfillment of all covenants and conditions under this Agreement,
      unless waived;

            

    

     

    
      	
              (d)  

            	
              a
      copy of the directors’ resolutions or directors’ minutes of the Company
      appointing Jean Pomerleau as a director of the Company;
  and

            

    

     

    
      	
              (e)  

            	
              a
      copy of the directors’ resolutions of the Company authorizing the Company
      to enter into this Agreement and to carry out the transactions
      contemplated herein including approving the issuance of the Share to the
      Investor.

            

    

     

    
      	
              7.4  

            	
              On
      the Closing Date, the Investor will deliver to the Company or as otherwise
      directed by the Company:

            

    

     

    
      	
              (a)  

            	
              a
      certificate of an officer of the Investor confirming the accuracy of all
      representations and warranties of the Investor contained in section 5.1
      and the fulfillment of all covenants and conditions under this Agreement,
      unless waived;

            

    

     

    
      	
              (b)  

            	
              a
      copy of the directors’ resolutions of the Investor authorizing the
      Investor to enter into this Agreement and to carry out the transactions
      contemplated herein;

            

    

     

    
      	
              (c)  

            	
              an
      executed subscription agreement for the Share;
  and

            

    

     

    
      	
              (d)  

            	
              US$2,000,000
      deposited into accounts as directed by the
  Company.

            

    

     

    
      	
              8.  

            	
              TRANSACTION
      EXPENSES

            

    

     

    
      	
              8.1  

            	
              Each
      party to this Agreement will bear all costs and expenses incurred by it in
      negotiating this Agreement and in closing and carrying out the
      transactions contemplated hereby.  Subject to the foregoing, all
      costs and expenses related to satisfying any condition or fulfilling any
      covenant contained in this Agreement will be borne by the party whose
      responsibility it is to satisfy the condition or fulfil the covenant in
      question.

            

    

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	
              9.  

            	
              NOTICES

            

    

     

    
      	
              9.1  

            	
              Any
      notices to be given by either party to the other will be sufficiently
      given if delivered personally or if sent by registered mail, postage
      prepaid, to the parties at their respective addresses shown on the first
      page of this Agreement, or to any other addresses as the parties may
      notify to the other from time to time in writing, or if transmitted by
      facsimile to such facsimile number, as the parties may notify the other
      of, from time to time.  This notice will be deemed to have been given
      at the time of delivery, if delivered in person or transmitted by
      facsimile, or within five Business Days from the date of posting if
      mailed.

            

    

     

    
      	
              10.  

            	
              GENERAL

            

    

     

    
      	
              10.1  

            	
              This
      Agreement will enure to the benefit of and will be binding on the parties
      and their respective heirs, executors, administrators, successors, and
      assigns.

            

    

     

    
      	
              10.2  

            	
              Time
      will be of the essence of this
Agreement.

            

    

     

    
      	
              10.3  

            	
              The
      terms and provisions contained in this Agreement constitute the entire
      agreement between the parties and supersede all previous oral or written
      communications regarding the purchase and sale of the
    Share.

            

    

     

    
      	
              10.4  

            	
              If
      any provision of this Agreement is determined to be void or unenforceable
      in whole or in part, that provision will be deemed not to affect or impair
      the validity of any other provision of this Agreement and the void or
      unenforceable provision will be severable from this
    Agreement.

            

    

     

    
      	
              10.5  

            	
              The
      parties may sign this Agreement in counterparts and these parts will
      together form one original agreement.  Parties may sign and
      deliver this Agreement by facsimile and facsimile signatures are legally
      binding on all parties.

            

    

     

    
      	
              10.6  

            	
              Each
      party shall, from time to time, and at all times hereafter, at the request
      of the other of them, but without further consideration, do, or cause to
      be done, all such other acts and execute and deliver, or cause to be
      executed and delivered, all such further agreements, transfers,
      assurances, instruments or documents as shall be reasonably required in
      order to fully perform and carry out the terms and intent
      hereof.

            

    

     

    

     

    

     

    [the
remainder of this page is intentionally left blank]

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

     

     

    
      	
              10.7  

            	
              This
      Agreement and the rights and obligations and relations of the parties will
      be governed by and construed in accordance with the laws of the State of
      Nevada.  The parties agree that the courts of Nevada will have
      the exclusive jurisdiction to entertain any action or other legal
      proceedings based on any provisions of this Agreement.  Each
      party attorns to the exclusive jurisdiction of the courts of
      Nevada.

            

    

     

    IN
WITNESS WHEREOF the parties have signed this Agreement as of the date written on
the first page of this Agreement.

     

    
      	
              SARA
      CREEK GOLD CORP.

               

              /s/ Jean
      Pomerleau                                                   
       

              Authorized
      Signatory

               

              Jean
      Pomerleau, Director and President

            	 
      	 
      

    

    

     

    
      	
              ORION
      RESOURCES, N.V.

               

               

              /s/ Luc
      De
      Rooy                                                             
       

              Authorized
      Signatory

               

              Luc
      De Rooy, Managing Director

               

            	 
      	 
      

    

     

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
 

     

    Schedule
“A”

     

    List
of all Major Assets of Orion Resources, N.V.

     

    

     

    Company
owns or controls certain mining properties known as GMD-312/00 & GMD-313/00, located
in the districts of Brokopondo and Sipaliwini of Suriname.

     

    A total
of 56,920 hectares located within the cross-hatched area.  Map is for
reference only.

     

    

     

    Schedule
“B”

     

    List
of all Material Contracts of Orion Resources, N.V.

     

    Property
License Agreements with the GMD.

     

     

    
      
        
        

      

      
        11f8k093009ex10ii_saracreek.htm

    Exhibit 10.2

     

    THIS SHARE PURCHASE OPTION
AGREEMENT made the 5th day of October, 2009.

    
 

    
      BETWEEN:

      

      SARA CREEK GOLD CORP., a
company incorporated under the laws of Nevada and having an address for notice
and delivery located at its executive offices located at 5348 Vegas Drive, #236,
Las Vegas, NV  89108

      

      (“Sara Creek”)

      

      OF
THE FIRST PART

      

      AND:

      

      KAPELKA
EXPLORATION INC., a company incorporated under the laws of the Province
of Alberta and having an address for delivery at 46 Royal
Ridge Rise NW, Calgary, Alberta, T3G 4V2

      

      (“Kapelka”)

      

      OF
THE SECOND PART

      

      WHEREAS:

    

    
 

    
      	
              A.  

            	
              Kapelka
      is a shareholder of Orion Resources, N.V. (“Orion”), and Sara Creek
      has entered into a Share Acquisition and Investment Agreement with Orion,
      dated September  30, 2009, whereby Sara Creek intends to become
      a shareholder of Orion;

            

    

    

    
      	
              B.  

            	
              Orion
      is a resources company, with a 100% interest in and to a resource
      property, consisting of two exploration concessions consisting of 56,920
      hectares (the “Property”), located in
      east central Suriname, in the districts of Brokopondo and
      Sipalilwini;

            

    

    

    
      	
              C.  

            	
              Kapelka
      is currently the registered and beneficial owner of an undivided 100%
      interest in one (1) share (the “Share”) in the capital
      of Orion; and

            

    

    

    
      	
              D.  

            	
              Kapelka
      wishes to grant an option to Sara Creek to acquire the Share and Sara
      Creek wishes to acquire the same, on the terms and conditions set out in
      this Agreement.

            

    

    

    

    

    NOW
THEREFORE in consideration of the mutual covenants and agreements herein
contained, and for other good and valuable consideration (the receipt and
sufficiency of which are acknowledged by each party), the parties agree with one
another as follows:

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              1.  
       

            	
              INTERPRETATION

            

    

    

    
      	
              1.1  

            	
              Where
      used in this Agreement, each of the following words and terms have the
      meanings ascribed to them below:

            

    

    

    
      	
              (a)  

            	
              “Agreement” means this
      purchase agreement and all instruments supplemental to or in amendment or
      confirmation of this purchase agreement, and all references to this
      Agreement shall include all Schedules attached
  hereto;

            

    

     

    
      	
              (b)  

            	
               “Closing” means the
      completion of the option to purchase the Share under this
      Agreement;

            

    

     

    
      	
              (c)  

            	
              “Closing Date” means the
      date as agreed to by the parties to this
  Agreement;

            

    

     

    
      	
              (d)  

            	
              “Closing Time” means
      10:00 a.m. (Calgary time) on the Closing Date or such other time on such
      date as the parties may agree as the time at which the Closing shall take
      place;

            

    

     

    
      	
              (e)  

            	
              “Expenditures” means all
      expenses, obligations and liabilities of whatever kind or nature spent or
      incurred directly or indirectly by Sara Creek from the date hereof in
      connection with the exploration and development of the Property; including
      monies expended in maintaining the Property in good standing and in
      applying for and securing all necessary leases or permits; monies expended
      toward all taxes, fees and rentals; monies expended in doing and filing
      assessment work; expenses paid for or incurred in connection with any
      program of surface or underground prospecting, exploring, geophysical,
      geochemical and geological surveying, drilling and drifting, raising and
      other underground work, assaying and testing and engineering,
      environmental studies, data preparation and analysis; costs of acquiring
      or preparing research materials, technical or geological reports and data;
      costs of paying the fees, wages, salaries, traveling expenses of all
      persons engaged directly in work with respect to and for the benefit of
      the Property, in paying for the food, lodging and other reasonable needs
      of such persons; and including a charge in lieu of overhead, management
      and other unallowable costs equal to ten (10%) percent of all such
      expenditures for contracts of less than US$100,000, and five (5%) percent
      for contracts of US$100,000 or
more.

            

    

    

    
      	
              (f)  

            	
              “party” or “parties” and similar
      expressions means a signatory to this Agreement, unless the context
      otherwise requires;

            

    

    

    
      	
              (g)  

            	
              “person” includes an
      individual, corporation, partnership, joint venture, society, association,
      trust, unincorporated organization, the Crown or any agency or
      instrumentality thereof or any other juridical entity, or any trustee,
      executor, administrator, or other legal
  representative;

            

    

    

    
      	
              1.2  

            	
              In
      this Agreement, except as otherwise expressly
  provided:

            

    

    

    
      	
              (a)  

            	
              the
      headings are for convenience only and do not form a part of this Agreement
      and are not intended to interpret, define, or limit the scope, extent, or
      intent of this Agreement or any of its
  provisions;

            

    

    

    
      	
              (b)  

            	
              the
      singular of any term includes the plural, and vice versa, the use of any
      term is equally applicable to any gender and, where applicable, a body
      corporate, the word “or” is not exclusive
      and the word “including” is not
      limited (whether or not non-limited language, such as “without limitation” or
      “but not limited
      to” or words of similar import is used with reference to that
      term);

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
 

    
      	
              (c)  

            	
              any
      reference to a statute includes and is a reference to that statute and to
      the regulations made under that statute, with all amendments made to that
      statute and in force from time to time, and to any statute or regulations
      that may be passed that has the effect of supplementing or superseding
      that statute or those regulations;

            

    

    

    
      	
              (d)  

            	
              except
      as otherwise provided, any dollar amount referred to in this Agreement is
      in Unites States of America funds;
and

            

    

    

    
      	
              (e)  

            	
              any
      other term defined within the text of this Agreement has the meaning so
      ascribed.

            

    

    

    

    
      	
              2. 
        

            	
              GRANT
      OF OPTION

            

    

    

    
      	
              2.1  

            	
              Kapelka
      hereby gives and grants to Sara Creek the exclusive right and option to
      purchase the Share in accordance with the terms and conditions of this
      Agreement (the “Option”).

            

    

    

    
      	
              2.2  

            	
              In
      order to exercise the Option and to acquire the Share, Sara Creek shall,
      by or before September 30, 2011:

            

    

    

    
      	
               
      

            	
              (a)

            	
              pay
      a total of US$6,500,000 for Expenditures associated with the exploration
      and development of the Property, which Expenditures may be made by Sara
      Creek in such increments as Sara Creek in its sole discretion determines
      (so long as the aggregate amount of such Expenditures are made by or
      before September 30, 2011 and that a minimum amount of US$250,000 per
      month is paid towards the Expenditures commencing on or before November
      15, 2009); and

            

    

    

    
      	
               
      

            	
              (b)

            	
              issue
      to Kapelka shareholders an aggregate of 12,000,000 fully paid and non –
      assessable restricted shares of common stock (the “Payment Shares”) of Sara
      Creek in the most tax friendly manner possible and in accordance with all
      applicable securities laws.

            

    

    

     

    
      	
              3.  
       

            	
              KAPELKA’S
      REPRESENTATIONS AND WARRANTIES

            

    

     

    
      	
              3.1  

            	
              To
      induce Sara Creek to enter into and consummate this Agreement, Kapelka
      represents and warrants and covenants to Sara Creek as
      follows:

            

    

     

    
      	
              (a)  

            	
              Kapelka
      is a corporation duly incorporated and validly existing under the laws of
      the Province of Alberta and is in good standing regarding the filing of
      all documents and the payment of all fees with the applicable corporate
      registries of its jurisdiction, and Kapelka has the power, authority, and
      capacity to enter into this Agreement and to carry out its
      terms;

            

    

     

    
      	
              (b)  

            	
              this
      Agreement has been duly executed and delivered by Kapelka and is a binding
      agreement of Kapelka, enforceable against it in accordance with its terms
      and conditions, except that (i) the enforcement thereof may be limited by
      bankruptcy, insolvency, reorganization, moratorium or similar laws
      affecting the rights of creditors generally, (ii) equitable remedies,
      including, without limitation, specific performance and injunction, may be
      granted only in the discretion of a court of competent jurisdiction, and
      (iii) rights of indemnity, contribution and the waiver of contribution
      provided for herein may be limited under applicable
  law;

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              (c)  

            	
              the
      execution and delivery of this Agreement and the performance by Kapelka of
      all of its obligations hereunder has been duly authorized by all necessary
      corporate action required to be taken by it or on its behalf, and no
      consents, approvals, waivers or authorizations are required to be obtained
      by it to authorize or complete the transactions contemplated herein,
      except for shareholder approval if required under applicable corporate
      laws;

            

    

     

    
      	
              (d)  

            	
              the
      Share is validly issued and outstanding as a fully paid and non-assessable
      share of Orion;

            

    

     

    
      	
              (e)  

            	
              Kapelka
      is the legal and beneficial owner of the Share, free and clear of all
      liens, charges, claims and encumbrances, and there are no adverse claims
      or challenges against, or to the ownership of, or title to the
      Share;

            

    

     

    
      	
              (f)  

            	
              during
      the currency of this Agreement, Kapelka shall remain the registered and
      beneficial holder of the Share, and shall keep the Share free and clear of
      all liens and encumbrances
whatsoever;

            

    

     

    
      	
              (g)  

            	
              Kapelka
      is not a party to any agreements, debt instruments, or commitments and
      Kapelka is not subject to any charter, by-law or other corporate
      restriction, nor any order or other restriction that would prevent Kapelka
      from entering into this Agreement or from completing the transactions
      contemplated by this Agreement;

            

    

     

    
      	
              (h)  

            	
              Kapelka
      shall not grant any options or otherwise create any rights for any person
      to obtain ownership of the Share, or that shall or could result in
      encumbering the Share in any way
whatsoever;

            

    

     

    
      	
              (i)  

            	
              no
      person has any written or oral agreement or option or right capable of
      becoming an agreement as to the ownership of the
  Share;

            

    

     

    
      	
              (j)  

            	
              there
      is no basis for and there are no claims or other proceedings outstanding
      or pending or, to the best of Kapelka’s knowledge, threatened against or
      affecting the Share at law or in equity or before or by any government
      authority; and

            

    

     

    
      	
              (k)  

            	
              to
      the best of Kapelka’s knowledge, except as otherwise provided for in this
      Agreement, no authorization or exemption by or filing with any government,
      public, or self-regulatory authority is required in connection with
      Kapelka’s signing, delivery, and performance of this
      Agreement.

            

    

     

    
      	
              3.2  

            	
              The
      representations, warranties, covenants, and agreements of Kapelka
      contained in this Agreement or in any documents delivered in connection
      with the transactions contemplated hereby shall be true at and as of the
      Closing Time as though Kapelka made these representations and warranties
      at and as of that time.  Despite any investigations Sara Creek
      may make before the signing of this Agreement or Sara Creek’s waiver of
      any condition, the representations, warranties, covenants, and agreements
      of Kapelka shall survive the Closing and, despite the Option provided for
      in this Agreement, shall continue in full force and effect.  If
      any of these representations and warranties are found to be incorrect or
      if there is a breach by Kapelka of any of the covenants or agreements,
      which incorrectness or breach shall result in any loss or damage sustained
      directly or indirectly by Sara Creek, then Kapelka shall pay the amount of
      the loss or damage to Sara Creek within 30 days of receiving notice of the
      loss or damage.

            

    

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
              4.  
       

            	
              SARA
      CREEK’S REPRESENTATIONS AND
WARRANTIES

            

    

     

    
      	
              4.1  

            	
              To
      induce Kapelka to enter into and consummate this Agreement, Sara Creek
      represents, warrants and covenants to Kapelka as
  follows:

            

    

     

    
      	
              (a)  

            	
              Sara
      Creek is a corporation duly incorporated and validly existing under the
      laws of Nevada, is in good standing regarding the filing of annual reports
      at the office of the Secretary of State for Nevada, and has the power and
      authority to enter into, deliver, and perform this Agreement and to carry
      out its terms;

            

    

     

    
      	
              (b)  

            	
              this
      Agreement has been duly executed and delivered by Sara Creek and is a
      binding agreement of Sara Creek, enforceable against it in accordance with
      its terms and conditions, except that (i) the enforcement thereof may be
      limited by bankruptcy, insolvency, reorganization, moratorium or similar
      laws affecting the rights of creditors generally, (ii) equitable remedies,
      including, without limitation, specific performance and injunction, may be
      granted only in the discretion of a court of competent jurisdiction, and
      (iii) rights of indemnity, contribution and the waiver of contribution
      provided for herein may be limited under applicable
  law;

            

    

     

    
      	
              (c)  

            	
              the
      performance of this Agreement shall not violate the applicable securities
      laws to which Sara Creek is subject, or any agreement or other instrument
      to which Sara Creek is a party;

            

    

     

    
      	
              (d)  

            	
              all
      necessary corporate action on Sara Creek’s part shall, at Closing, validly
      authorize the signing, delivery, and performance of this Agreement and the
      completion of the transactions contemplated by this Agreement;
      and

            

    

     

    
      	
              (e)  

            	
              other
      than for the approval of the directors of Sara Creek, no permit,
      authorization or consent of any party is necessary for the consummation by
      Sara Creek of the transactions contemplated in this
    Agreement.

            

    

    

    
      	
              5. 
        

            	
              TERMINATION
      OF OPTION

            

    

     

    
      	
              5.1  

            	
              This
      Agreement and the Option shall terminate if Sara Creek fails to pay the
      required Expenditures or issue the required Payment Shares to Kapelka
      shareholders in accordance with paragraph 2.2
  above.

            

    

    

    
      	
              6. 
        

            	
              ACQUISITION
      OF INTEREST IN THE SHARE

            

    

     

    
      	
              6.1  

            	
              At
      such time as Sara Creek has made the required Expenditures and issued the
      Payment Shares to Kapelka shareholders in accordance with paragraph 2.2
      above within the time periods specified therein, the Option shall be
      deemed to have been exercised by Sara Creek, and Sara Creek shall have
      thereby, without any further act, acquired a one hundred percent (100%)
      undivided interest in and to the Share, and shall be deemed the sole
      beneficial owner of the Share.

            

    

     

    
      	
              6.2  

            	
              Upon
      the deemed exercise of the Option as set out in section 6.1 above, Kapelka
      shall take all necessary action required on the part of Kapelka to effect
      the transfer of the Share to Sara Creek, including without limiting the
      generality thereof, ensuring that the transfer is effected on the books of
      Orion.

            

    

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
 

    
      	
              7. 
        

            	
              CLOSING
      MATTERS

            

    

     

    
      	
              7.1  

            	
              The
      Closing shall take place at the Closing Time at such place as the parties
      may determine.

            

    

     

    
      	
              7.2  

            	
              Sara
      Creek’s obligation to complete the transactions contemplated by this
      Agreement is subject to the conditions
that:

            

    

     

    
      	
              (a)  

            	
              the
      representations and warranties of Kapelka set out in sections 3.1 shall be
      true and correct in every particular as if Kapelka had made those
      respective representations and warranties on the Closing Date;
      and

            

    

     

    
      	
              (b)  

            	
              Kapelka
      shall have delivered satisfactory legal evidence that the Share has been
      transferred to Sara Creek.

            

    

     

    
      	
              7.3  

            	
              On
      the Closing Date, Kapelka will deliver to Sara Creek or as otherwise
      directed by Sara Creek:

            

    

     

    
      	
              (a)  

            	
              satisfactory
      legal evidence that the Share is registered in the name of Sara
      Creek;

            

    

     

    
      	
              (b)  

            	
              a
      certificate of an officer of Kapelka confirming the accuracy of all
      representations and warranties of Kapelka contained in section 3.1 and the
      fulfillment of all covenants and conditions under this Agreement, unless
      waived; and

            

    

     

    
      	
              (c)  

            	
              a
      copy of the directors’ resolutions or directors’ minutes of Kapelka
      authorizing Kapelka to enter into this Agreement and to carry out the
      transactions contemplated herein, as well as a copy of the shareholders’
      resolutions or shareholders’ minutes of Kapelka authorizing Kapelka to
      enter into this Agreement and to complete the transactions contemplated
      hereby, if required under applicable corporate
  laws.

            

    

     

    The
conditions set out in this section 7.3 are for Sara Creek’s exclusive benefit
and Sara Creek may waive those conditions in writing in whole or in part on or
before the Closing Date, but save as so waived, the completion by the Investor
of the transactions contemplated by this Agreement shall not prejudice or affect
in any way Sara Creek’s rights regarding the representations and warranties of
Kapelka and those representations and warranties shall survive the Closing Date
for one year.

     

    
      	
              7.4  

            	
              On
      the Closing Date, Sara Creek will deliver to Kapelka or as otherwise
      directed by Kapelka:

            

    

     

    
      	
              (a)  

            	
              A
      copy of all transfers indicating that a total of US$6,500,000 has been
      paid towards the Expenditures in accordance with Section
    2.2;

            

    

     

    
      	
              (b)  

            	
              12,000,000
      fully paid and non-assessable restricted shares of common stock of Sara
      Creek issued to the shareholders of Kapelka as directed by Kapelka in the
      most tax friendly manner possible and in accordance with all applicable
      securities laws.

            

    

     

    
      	
              (c)  

            	
              a
      certificate of an officer of Sara Creek confirming the accuracy of all
      representations and warranties of Sara Creek contained in section 4.1 and
      the fulfillment of all covenants and conditions under this Agreement,
      unless waived; and

            

    

     

    
      	
              (d)  

            	
              a
      copy of the directors’ resolutions or directors’ minutes of Sara Creek
      authorizing Sara Creek to enter into this Agreement and to carry out the
      transactions contemplated herein, as well as a copy of the shareholders’
      resolutions or shareholders’ minutes of Sara Creek authorizing Sara Creek
      to enter into this Agreement, if required under applicable corporate
      laws.

            

    

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    The
conditions set out in this section 7.4 are for Kapelka’s exclusive benefit and
Kapelka may waive those conditions in writing in whole or in part on or before
the Closing Date, but save as so waived, the completion by Kapelka of the
transactions contemplated by this Agreement shall not prejudice or affect in any
way Kapelka’s rights regarding the representations and warranties of Sara Creek
and those representations and warranties shall survive the Closing Date for one
year.

     

    
      	
              8. 
        

            	
              TRANSACTION
      EXPENSES

            

    

     

    
      	
              8.1  

            	
              Each
      party to this Agreement shall bear all costs and expenses incurred by it
      in negotiating this Agreement and in closing and carrying out the
      transactions contemplated hereby.  Subject to the foregoing, all
      costs and expenses related to satisfying any condition or fulfilling any
      covenant contained in this Agreement shall be borne by the party whose
      responsibility it is to satisfy the condition or fulfill the covenant in
      question.

            

    

    

    
      	
              9.  
       

            	
              NOTICES

            

    

    

    
      	
              9.1  

            	
              Any
      notices to be given by either party to the other shall be sufficiently
      given if delivered personally or if sent by registered mail, postage
      prepaid, to the parties at their respective addresses shown on the first
      page of this Agreement, or to any other addresses as the parties may
      notify to the other from time to time in writing, or if transmitted by
      facsimile to such facsimile number, as the parties may notify the other
      of, from time to time.  This notice shall be deemed to have been
      given at the time of delivery, if delivered in person or transmitted by
      facsimile, or within five Business Days from the date of posting if
      mailed.

            

    

    

    
      	
              10.
        

            	
              GENERAL

            

    

    

    
      	
              10.1  

            	
              This
      Agreement shall enure to the benefit of and shall be binding on the
      parties and their respective heirs, executors, administrators, successors,
      and assigns.

            

    

    

    
      	
              10.2  

            	
              Time
      shall be of the essence of this
Agreement.

            

    

    

    
      	
              10.3  

            	
              The
      terms and provisions contained in this Agreement constitute the entire
      agreement between the parties and supersede all previous oral or written
      communications regarding the Option for the purchase of the
      Share.

            

    

    

    
      	
              10.4  

            	
              If
      any provision of this Agreement is determined to be void or unenforceable
      in whole or in part, that provision shall be deemed not to affect or
      impair the validity of any other provision of this Agreement and the void
      or unenforceable provision shall be severable from this
      Agreement.

            

    

    

    
      	
              10.5  

            	
              The
      parties may sign this Agreement in counterparts and these parts shall
      together form one original agreement.  Parties may sign and
      deliver this Agreement by facsimile and facsimile signatures are legally
      binding on all parties.

            

    

    

    
      	
              10.6  

            	
              Each
      party shall, from time to time, and at all times hereafter, at the request
      of the other of them, but without further consideration, do, or cause to
      be done, all such other acts and execute and deliver, or cause to be
      executed and delivered, all such further agreements, transfers,
      assurances, instruments or documents as shall be reasonably required in
      order to fully perform and carry out the terms and intent
      hereof.

            

    

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
 

    
      	
              10.7  

            	
              This
      Agreement and the rights and obligations and relations of the parties
      shall be governed by and construed in accordance with the laws of the
      Province of Alberta and the federal laws of Canada applicable
      therein.  The parties agree that the courts of Alberta shall
      have the exclusive jurisdiction to entertain any action or other legal
      proceedings based on any provisions of this Agreement.  Each
      party attorns to the exclusive jurisdiction of the courts of
      Alberta.

            

    

    

    IN
WITNESS WHEREOF the parties have signed this Agreement as of the date written on
the first page of this Agreement.

    

    
      	
              KAPELKA
      EXPLORATION INC.

               

              /s/ Riaz Sumar 

            	 
      	
              SARA
      CREEK GOLD CORP.

               

              /s/ Jean
      Pomerleau                                                               

            
	

              Authorized
      Signatory

            	 	

              Authorized
      Signatory

            

    

     

    
      
        	
                Riaz Sumar, Director

              	 
      	
                Jean Pomerleau,
President

              
	
                (print
      name and title)

              	 
      	
                (print
      name and title)

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