Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.37    
    

INDEMNIFICATION AGREEMENT  

        THIS INDEMNIFICATION AGREEMENT is made this 13 day of December, 2005 by and between Victory Gold Inc., a Nevada corporation ("Victory"), to and for
the benefit of THE FRANK W. LEWIS REVOCABLE LIVING TRUST DATED MARCH 15, 2004 and THE SHARON F. LEWIS TRUST DATED JANUARY 22, 2004 (collectively the "Shareholders"). 

RECITALS

        A.    On
June 29, 2005 Century Gold LLC, a Nevada limited liability company ("Century"), and the Shareholders entered into an "Agreement for Purchase" in which
Century was granted the option to buy all of the outstanding shares ("Shares") of F.W. Lewis, Inc., a Nevada corporation (the "Corporation") from the Shareholders. 

        B.    Century
exercised its option to purchase the Shares of the Corporation and subsequently assigned its rights in the Agreement to Purchase to Victory. The parties agreed to
conclude the purchase transaction on December 13, 2005. The Shareholders will deliver the endorsed Shares to Victory upon closing, thereby conveying ownership and control of the Corporation to
Victory. 

        C.    The
Agreement for Purchase sets forth a requirement of hold harmless and indemnification from Century to the Shareholders which Victory confirms and perpetuates by way of
this Indemnification Agreement. 

Page
1 of 3 

        NOW
THEREFORE, for the consideration of the Agreement for Purchase, and for other good and valuable consideration, the sufficiency of which is acknowledged,
[Century] hereby agrees to the following terms and conditions of Indemnification: 

        1.     Indemnification.    Victory
makes the following warranty and promise of hold harmless and indemnification to the Shareholders, as
stated in Paragraph 8 of the Agreement for Purchase: 

Hold
Harmless.    ***    Victory shall assume all liabilities of the Corporation, known or unknown, including but not limited to damages, claims,
liabilities, obligations, and risk of loss associated with Environmental Laws and Hazardous Materials. Additionally, Victory shall release Shareholders from all damages, claims, liabilities, and
obligations, whether known or unknown, arising from or related to the Corporation and its property or to the condition thereof. Victory shall defend, indemnify, and hold Shareholders harmless from any
claims, demands, or liabilities related to the Corporation or to its assets, including, but not limited to those arising from Hazardous materials or other conditions associated with the Property,
including payment of any attorney's fees and costs incurred by Shareholders. 

        2.     Binding
Effect.    Victory agrees that this promise and warrant of indemnification shall be binding upon Victory, its successors,
assigns, legal representatives, heirs, and trustees in perpetuity and Victory agrees to give actual notice of this Indemnification Agreement to any proposed assigns or successors. 

Page
2 of 3 

        3.     Affected
Properties.    This promise and warranty of indemnification shall apply to the following lands which are included in "the
Property" as described in the above referenced "Agreement for Purchase" dated June 29, 2005, including all fee lands, patented mining claims, and unpatented mining claims owned by F.W.
Lewis, Inc., a Nevada corporation as of December 12, 2005 situated in the following locations: 

        A.    In counties within the State of Nevada: Carson City (formerly Ormsby County), Churchill County, Douglas County, Elko
County, Esmeralda County, Eureka County, Humboldt County, Lander County, Lyon County, Mineral County, Nye County, Pershing County, Storey County, Washoe County, and White Pine County. 

        B.    In counties in the State of Colorado: San Juan County. 

        This
Indemnification Agreement shall also apply to any activities conducted by Victory on the fee lands, patented mining claims, and unpatented mining claims after the date of
Indemnification. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Indemnification on the day and year first above written. 

	 	 	VICTORY GOLD INC.
	

 	
 	

By:	

/s/  HOWARD HARLAN      
 Howard Harlan

Director

Page
3 of 3 

QuickLinks

Exhibit 10.37QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.38    
    

INDEMNIFICATION AGREEMENT  

        THIS
INDEMNIFICATION AGREEMENT is made this 13 day of December, 2005 by and between Vista Gold Corp., a corporation amalgamated under the laws of the Yukon Territory ("Vista"), to
and for the benefit of THE FRANK W. LEWIS REVOCABLE LIVING TRUST DATED MARCH 15, 2004 and THE SHARON F. LEWIS TRUST DATED JANUARY 22, 2004 (collectively the "Shareholders"). 

RECITALS 

        A.    On
June 29, 2005 Century Gold LLC, a Nevada limited liability company ("Century"), and the Shareholders entered into an "Agreement for Purchase" in which
Century was granted the option to buy all of the outstanding shares ("Shares") of F.W. Lewis, Inc., a Nevada corporation (the "Corporation") from the Shareholders. 

        B.    Century
exercised its option to purchase the Shares of the Corporation and subsequently assigned its rights in the Agreement to Purchase to Victory Gold Inc., a
Nevada corporation which is an indirect subsidiary of Vista. The parties agreed to conclude the purchase transaction on December 13, 2005. The Shareholders will deliver the endorsed Shares to
Victory upon closing, thereby conveying ownership and control of the Corporation to Victory. 

        C.    The
Agreement for Purchase sets forth a requirement of hold harmless and indemnification from Century to the Shareholders which Vista confirms and perpetuates by way of
this Indemnification Agreement. 

Page 1 of 3

 

        NOW
THEREFORE, for the consideration of the Agreement for Purchase, and for other good and valuable consideration, the sufficiency of which is acknowledged, Vista hereby agrees to the
following terms and conditions of Indemnification: 

        1.     Indemnification.    Vista
makes the following warranty and promise of hold harmless and indemnification to the Shareholders, as
stated in Paragraph 8 of the Agreement for Purchase: 

Hold
Harmless.    ***    Vista shall assume all liabilities of the Corporation, known or unknown, including but not limited to damages, claims,
liabilities, obligations, and risk of loss associated with Environmental Laws and Hazardous Materials. Additionally, Vista shall release Shareholders from all damages, claims, liabilities, and
obligations, whether known or unknown, arising from or related to the Corporation and its property or to the condition thereof. Vista shall defend, indemnify, and hold Shareholders harmless from any
claims, demands, or liabilities related to the Corporation or to its assets, including, but not limited to those arising from Hazardous materials or other conditions associated with the Property,
including payment of any attorney's fees and costs incurred by Shareholders. 

        2.     Binding
Effect.    Vista agrees that this promise and warrant of indemnification shall be binding upon Vista, its successors,
assigns, legal representatives, heirs, and trustees in perpetuity and Vista agrees to give actual notice of this Indemnification Agreement to any proposed assigns or successors. 

Page 2 of 3

 

        3.     Affected
Properties.    This promise and warranty of indemnification shall apply to the following lands which are included in "the
Property" as described in the above referenced "Agreement for Purchase" dated June 29, 2005, including all fee lands, patented mining claims, and unpatented mining claims owned by F.W.
Lewis, Inc., a Nevada corporation as of December 12, 2005 situated in the following locations: 

        A.    In counties within the State of Nevada: Carson City (formerly Ormsby County), Churchill County, Douglas County, Elko
County, Esmeralda County, Eureka County, Humboldt County, Lander County, Lyon County, Mineral County, Nye County, Pershing County, Storey County, Washoe County, and White Pine County. 

        B.    In counties in the State of Colorado: San Juan County. 

        This
Indemnification Agreement shall also apply to any activities conducted by Vista on the fee lands, patented mining claims, and unpatented mining claims after the date of
Indemnification. This Indemnification Agreement shall not apply to any activities conducted or any condition created on any affected property after control of or title to such affected property is
transferred by Victory or any affiliate of Vista. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Indemnification on the day and year first above written. 

	 	 	VISTA GOLD CORP.
	
 	
 	

By:	

/s/  HOWARD HARLAN      
 Howard Harlan, Vice-President

Page 3 of 3

QuickLinks

Exhibit 10.38QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.43    
    

PCF  

Prime Corporate Finance Pty Limited

A.C.N. 089 188 063

Level 3, 8 Colin Street

West Perth, WA 6005

P.O. Box 425

West Perth, WA 6872

Telephone: 08-9486 7111

Facsimile: 08-9486 7011

Email: prime@primecf.com.au 

12th
April 2005 

Mr. Mike
Richings

President and CEO

Vista Gold Corp Limited

7961 Shaffer Parkway

Suite 5, Littleton

CO, USA 80127 

Dear
Mr. Richings 

Re: Mt Todd

Further
to our recent discussions in relation to the Mt Todd gold assets located in the Northern Territory, Australia, we have set out below a proposal for Prime Corporate Finance Pty Ltd
("'PCF") to assist Vista Gold Corporation Limited ("Vista Gold") with the possible acquisition of these gold assets. 

1.     Background  

        PCF has made some investigations with the Administrator of the Mt Todd gold assets (Ferrier Hodgson) with respect to the status of the Mt Todd Sale Process. PCF
has also spoken with the Northern Territory (NT) government department (the Department for Business, Industry, Resources and Development or "DBIRD") which is responsible for managing the
assets. PCF understands that the consent of the DBIRD is required before any sale or transfer of the Mt Todd assets can be approved. 

        Ferrier
Hodgson has informed PCF that they are in advanced negotiations with a small Australian exploration company. Ferrier Hodgson has indicated that should this company ("Junior")
sign the current Sale Agreement, then they will recommend acceptance to the DBIRD. Ferrier Hodgson also said that they have been in discussions with this Junior since December 2004 and there
was some doubt as to whether the Sale Agreement would be signed. Ferrier Hodgson expects to finalize the position of the Junior by Monday 11 April 2005. 

 

        Following
discussions with Mr. Bob Adams at the DBIRD, PCF believes that the Junior has made a modest offer to Ferrier Hodgson and that there is still some uncertainty with
respect to the rehabilitation obligations attributable to the project. We believe these obligations to be between A$10 million and A$20 million from an order of magnitude basis. 

        Mr. Adams
was keen to solicit interest from another third party and indicated that the DBlRD would not necessarily be obliged to accept a recommendation from Ferrier Hodgson. 

        PCF
makes no representation as to the capacity for Vista Gold to overturn an offer accepted by Ferriers, however we believe that there is merit in progressing discussions with the DBIRD
and Ferriers to either: 

	1)
	Secure
the Mt Todd gold assets (subject to satisfactory due diligence and Vista Gold board approval) at an acceptable price should the Junior withdraw from the Sale Process, or

	2)
	Investigate
the potential to circumvent Ferriers recommendation through direct negotiation with the DBIRD (subject to satisfactory due diligence and Vista Gold board approval). 

2.     Services  

        PCF proposes to provide the following services to Vista Gold: 

	a)
	Assist
Vista Gold with its negotiations with the DBIRD and Ferrier Hodgson in relation to the possible acquisition of the Mt Todd gold assets, as required;

	b)
	Assist
Vista Gold as required with the co-ordination and implementation of due diligence;

	c)
	Review
documentation for Vista Gold as required;

	d)
	Provide
such other services as required on a best endeavors basis. 

3.     Fees  

        PCF proposes a Finders Fee of US 100,000.00. The Finders Fee will be payable should: 

	a)
	an
offer from Vista Gold for the Mt Todd assets be accepted by DBIRD singularly or by Ferrier Hodgson and DBIRD jointly (or such other combination of authorities to the
satisfaction of Vista Gold), and

	b)
	Financial
close (settlement) is achieved to the satisfaction of Vista Gold. 

2

 

        PCF
proposes an hourly rate of US 225.00 to a maximum monthly cap of US 10,000.00 to cover work undertaken by PCF in accordance with the terms of this Assignment. 

        The
agreement as to the Finders Fee will have a term of twelve months from the date of the signing of this engagement letter between PCF and Vista Gold or such other date as is mutually
agreed. 

Invoicing  

        PCF proposes that on a monthly basis until the end of the Assignment (beginning from the month end after commencement), an invoice would be provided to Vista Gold
by PCF detailing: 

	•
	hours
completed by PCF in the preceding month;

	•
	by
whom in the Project team;

	•
	a
description of the work undertaken; and

	•
	out-of-pocket
expenses (see below) 

4.     Expenses  

        All out-of-pocket expenses such as airfares, accommodation, external consulting fees (if applicable) and other expenses relevant to
the completion of the Assignment will be to the account of Vista Gold. No out-of-pocket expenses, greater than US 500.00 for an individual expense, will be incurred by
PCF in relation to this Assignment without the prior approval of Vista Gold. 

        PCF's
hourly rate includes all office costs such as copying, binding, telephone (excluding overseas), and facsimile (excluding overseas). It does not include travel and accommodation,
special printing, binding or courier charges, which may be required as these would be treated as out-of-pockets expenses and would be subject to reimbursement. 

5.     Other Services  

        The above fees are fees in respect of the Assignment only. Should PCF assume further responsibilities as the Assignment proceeds, Vista Gold agrees to negotiate
separate fees in good faith in respect of those matters at the time. 

6.     Confidentiality and Non-reliance by Third Parties  

        PCF will preserve and protect the confidentiality of any non-public confidential information obtained from Vista Gold in connection with the
Assignment and will only use that information for the purposes of carrying out the Assignment or as Vista Gold may authorize. 

        Confidentiality
obligations will not apply to information, which has to be disclosed by law, pursuant to any requirement of a Court or governmental or regulatory agency or otherwise in
connection with applicable litigation. 

3

 

        Any
advice that may be provided by PCF in connection with the Assignment is given solely for Vista Gold's benefit except as otherwise consented to by PCF in writing. 

7.     Limitation  

        In acting for Vista Gold in the role described above, PCF is reliant on Vista Gold to ensure that all relevant information is communicated to PCF to allow the
Assignment to be completed. PCF requires in accordance with standard market practice, that as a condition of undertaking the Assignment, Vista Gold agrees to an indemnity. 

        Vista
Gold indemnifies PCF against losses which may arise from Vista's failure to communicate relevant information. PCF agrees that it will take all reasonable steps in regard to
potential claims by third parties to mitigate such claims. The liability of PCF will be limited to the amount of fees paid or payable by Vista Gold to PCF. This indemnity and limitation will not apply
if the losses are proven to be directly due to the gross negligence of PCF or to losses arising from the gross negligence, culpable negligence, recklessness, willful misconduct, fraud or bad faith of
PCF. 

8.     Spirit of this Engagement  

        Should any of the matters contemplated by this letter take some presently unanticipated course, which nonetheless is to the advantage of Vista Gold, all parties
agree to negotiate in good faith a basis of remuneration within the spirit of the above. All parties agree that should such a negotiation appear necessary, it will be undertaken as soon as practicable
and that the revised agreement will be documented in a form similar to this letter. 

9.     Term of Engagement  

	(a)
	The
initial term of the engagement, except with regard to the Finders Fee will be three months. The engagement maybe extended by any term agreed in writing by the parties.

	(b)
	The
agreement automatically terminates in the event the mineral properties that are the subject of this agreement are sold or otherwise disposed of to a third party. 

10.   Termination of Engagement  

        This engagement may be terminated by Vista Gold or PCF at any time, with or without cause, upon written advice to that effect to the other party provided however
that: 

	(a)
	in
the event of termination by Vista Go1d (unless such termination results from a breach by PCF of their obligations to Vista Gold), PCF will be entitled to fees and reimbursements
payable under 3 above (depending on status of the Assignment at the time of termination); and 

4

 

	(b)
	the
provisions of this Section 10 and of Sections 4, 5, 6, 7, and 8 above shall survive such termination. 

11.   Project Team  

        PCF will conduct this assignment and any written or oral advice will be that of PCF itself and not that of officers of PCF nor of their related corporations. The
persons principally involved will be Liam Twigger, John Glen and Jason Bontempo. 

12.   Publicity  

        PCF requests the consent of Vista Gold to include their role in the Assignment in marketing material (only to be circulated on a limited, confidential basis
without both Mt Todd and Vista in the same reference) and should the Assignment become public knowledge, PCF requests the right to publicly acknowledge their role in the Assignment. 

13.   Complete Agreement  

        This engagement letter constitutes the complete agreement between the parties and no duties or obligations of PCF shall be implied. This engagement letter is
intended to constitute a legally binding and enforceable obligation of Vista Gold. 

14.   Applicable Law  

        This agreement shall be governed in accordance with the laws of Australia and the parties to it submit to the exclusive jurisdiction of the Western Australian
courts. 

15.   Confirmation of Acceptance  

        We trust that these arrangements are acceptable to you. Would you please indicate your acceptance by signing a copy of this letter and returning an original to
PCF. 

        We
look forward very much to working with you towards a successful conclusion to the Assignment. 

Yours
sincerely
 Prime Corporate Finance Pty Lid  

	/s/ Liam Twigger

Liam Twigger

Director	 	/s/ John Glen

John Glen

Director

5

 

        Accepted
for and on behalf of Vista Gold Corp Limited by an authorized signatory of the company: 

	Signature:	 	/s/ Michael B. Richings
	 
	Name:	 	Michael B. Richings	 
	Title:	 	President & CEO	 
	Date:	 	April 12, 2005	 

6

QuickLinks

Exhibit 10.43

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]