Document:

Exhibit 10.6

GRAIN PROCUREMENT AGREEMENT

OF

HIGHWATER ETHANOL, LLC

AND

MEADOWLAND FARMERS CO-OP

Dated:  July 25, 2006

 

GRAIN PROCUREMENT AGREEMENT

TABLE
OF CONTENTS

	
  TITLE I: PRIOR AGREEMENTS

  	
   

  	
  1

  
	
  1.1.01:
  PRIOR AGREEMENTS SUPERSEDED

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  TITLE II: FACILITY

  	
   

  	
  1

  
	
  ARTICLE
  I – PREMISES

  	
   

  	
  1

  
	
  2.1.01:
  LAND

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  TITLE III: CORN PROCUREMENT 2

  	
   

  	
   

  
	
  ARTICLE
  I – PROVISION OF CORN

  	
   

  	
  2

  
	
  3.1.01:
  MFC’S PROVISION OF CORN

  	
   

  	
  2

  
	
  3.1.02:
  CORN QUALITY

  	
   

  	
  3

  
	
  3.1.03:
  LICENSING

  	
   

  	
  5

  
	
  3.1.04
  PAYMENTS TO CORN SUPPLIERS

  	
   

  	
  5

  
	
   

  	
   

  	
   

  
	
  ARTICLE II – TERM OF CORN PROCUREMENT

  	
   

  	
  6

  
	
  3.2.01:
  COMMENCEMENT

  	
   

  	
  6

  
	
  3.2.02:
  TERM OF AGREEMENT

  	
   

  	
  6

  
	
   

  	
   

  	
   

  
	
  ARTICLE III – CORN PROCUREMENT FEE

  	
   

  	
  6

  
	
  3.3.01:
  PROCUREMENT FEE

  	
   

  	
  6

  
	
  3.3.02:
  CORN FOR HWE

  	
   

  	
  6

  
	
  3.3.03:
  HEDGING ASSISTANCE

  	
   

  	
  6

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV – INVOICING, PAYMENT AND MARKET PRICE

  	
   

  	
  7

  
	
   

  	
   

  	
   

  
	
  ARTICLE V – LOCATION OF MFC’S DELIVERY

  	
   

  	
  8

  
	
   

  	
   

  	
   

  
	
  ARTICLE VI – DEFAULT, WAIVER AND REMEDIES

  	
   

  	
  9

  
	
  3.6.01:
  DEFAULT, NOTICE, AND CURE

  	
   

  	
  9

  
	
  3.6.02:
  WAIVER

  	
   

  	
  9

  
	
  3.6.03:
  REMEDIES

  	
   

  	
  9

  
	
   

  	
   

  	
   

  
	
  TITLE IV: GENERAL PROVISIONS

  	
   

  	
  10

  
	
  ARTICLE
  1 – WARRANTIES

  	
   

  	
  10

  
	
  4.1.01:
  OWNERSHIP AND QUALITY OF CORN

  	
   

  	
  10

  
	
  4.1.02:
  NO EXPRESS OR IMPLIED WARRANTIES

  	
   

  	
  10

  
	
  ARTICLE
  II – DISPUTE RESOLUTION

  	
   

  	
  10

  
	
  4.2.01:
  ALTERNATIVE DISPUTE RESOLUTION

  	
   

  	
  10

  
	
  4.2.02:
  ATTORNEY’S FEES AND COSTS

  	
   

  	
  11

  

 ii
 

 

 

	
  ARTICLE III – FORCE MAJEURE

  	
   

  	
  11

  
	
  4.3.01:
  RELIEF FROM TRANSFERRING CORN

  	
   

  	
  11

  
	
  4.3.02:
  DEFINITION

  	
   

  	
  12

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV – DELIVERY OF PAYMENTS AND NOTICES

  	
   

  	
  12

  
	
  4.4.01:
  METHOD AND TIME

  	
   

  	
  12

  
	
  4.4.02:
  NOTICE TO MFC

  	
   

  	
  12

  
	
  4.4.03:
  NOTICE TO HWE

  	
   

  	
  12

  
	
  4.4.04:
  CHANGE OF ADDRESS

  	
   

  	
  13

  
	
   

  	
   

  	
   

  
	
  ARTICLE V – INDEMNITY

  	
   

  	
  13

  
	
  4.5.01:
  DUTY TO INDEMNIFY (MFC)

  	
   

  	
  13

  
	
  4.5.02:
  DUTY TO INDEMNIFY (HWE)

  	
   

  	
  13

  
	
   

  	
   

  	
   

  
	
  ARTICLE VI – OTHER GENERAL PROVISION

  	
   

  	
  13

  
	
  4.6.01:
  COMPUTATION OF TIME

  	
   

  	
  13

  
	
  4.6.02:
  SUCCESSORS IN INTEREST

  	
   

  	
  13

  
	
  4.6.03:
  ENTIRE AGREEMENT

  	
   

  	
  14

  
	
  4.6.04:
  PARTIAL INVALIDTY

  	
   

  	
  14

  
	
  4.6.05:
  RELATIONSHIP OF PARTIES

  	
   

  	
  14

  
	
  4.6.06:
  INTEREST

  	
   

  	
  14

  
	
  4.6.07:
  MODIFICATION

  	
   

  	
  14

  
	
  4.6.08:
  CHOICE OF LAW

  	
   

  	
  14

  
	
  4.6.09:
  HEADINGS AND CAPTIONS

  	
   

  	
  14

  
	
  4.6.10:
  COUNTERPARTS

  	
   

  	
  15

  
	
   

  	
   

  	
   

  
	
  ARTICLE V – RIGHT OF FIRST REFUSAL

  	
   

  	
  15

  

 

 iii

GRAIN PROCUREMENT AGREEMENT

THIS GRAIN PROCUREMENT AGREEMENT, (the “Agreement”)
is made and entered into this 25th day of July, 2006, by and between HIGHWATER
ETHANOL, LLC (“HWE”) and MEADOWLAND FARMERS CO-OP (“MFC”).

WHEREAS, HWE intends
to construct, own, and operate a dry mill ethanol and byproduct manufacturing
plant and related facilities (the “Facilities”) on the Premises (defined
below);

WHEREAS, the
acquisition of a steady and reliable supply of corn is integral to the use and
operation of the Facilities;

WHEREAS, in order to guaranty
the use and operation of the Facilities, the parties are entering into this
Agreement whereby MFC will provide a steady and reliable supply of corn to HWE
for use in the operation of the Facilities under the terms and conditions
hereinafter described.

NOW, THEREFORE, in consideration
of the foregoing and the mutual covenants herein contained, it is hereby agreed
as follows:

TITLE I: 
PRIOR AGREEMENTS

1.1.01:               PRIOR
AGREEMENTS SUPERSEDED

The parties hereby agree and acknowledge
that they previously entered into a Letter of Intent.  Said Letter of Intent is superseded by the
terms of this Grain Procurement Agreement.

TITLE II: 
FACILITY

ARTICLE I

PREMISES

2.1.01:               LAND

The Facilities (also described herein as “plant”)
will be constructed on the premises (real estate) legally described as being
west of the City of Lamberton, County of Redwood, State of Minnesota, legally
described as:

SEE EXHIBIT “A” ATTACHED HERETO AND MADE A PART
HEREOF

 1
 

 

TITLE III: CORN PROCUREMENT

ARTICLE I

PROVISION
OF CORN

3.1.01:               MFC’S
PROVISION OF CORN

(a) MFC shall have the exclusive right
and responsibility to provide HWE its full daily requirements of No. 2 yellow
corn, 15% moisture content, meeting the specifications of this Agreement (the “Corn”)
during the term hereof and under the conditions herein set forth.  This right and responsibility shall include
the plant as originally constructed and any and all alterations, modifications
or expansions thereof. The Facilities will be an ethanol plant producing fifty
million (50,000,000) to seventy-five million (75,000,000) gallons of ethanol
per year and MFC shall be obligated pursuant to this Grain Procurement
Agreement to provide no more than twenty-seven million (27,000,000) bushels of
corn per year to HWE.  Provided, however,
if the plant production increases above seventy-five million (75,000,000)
gallons of ethanol per year, for whatever reason, MFC shall have the
opportunity to provide any increased corn needs above twenty-seven million
(27,000,000) bushels of corn per year and if MFC is not able to provide such
increased corn needs within the terms of this Agreement, HWE shall be allowed
to purchase any increased corn needs (above twenty-seven million (27,000,000)
bushels per year) from other sources, including the open market.

(b) Purchases.  The parties acknowledge and agree that HWE
shall purchase all of its corn requirements from MFC and shall place all actual
orders for purchase of corn to be delivered to the facility with MFC.  At all times, MFC, either through its own
management or through lawful contracts entered into with third parties, shall
maintain or cause to be maintained such licenses and/or authorities as may be
required to lawfully engage in the purchase and sale of corn.

(c) Risk Management.  Notwithstanding the foregoing, HWE
acknowledges that it shall separately retain appropriate risk management
services for evaluating corn pricing and purchases and/or for making trades for
price protection and future delivery such as options, future contracts and the
like.  

(d) Delivery Estimates.  HWE agrees to provide to MFC an estimate on
or before the first day of each calendar quarter with respect to its required
deliveries of corn for the following calendar quarter.  The parties expressly understand that HWE’s
notice shall be a good faith estimate and that the parties anticipate
reasonable variations between delivery forecast and actual delivery
requirements.  For purposes of this
Agreement the phrase “reasonable variations” shall mean a variation of no more
than 10% between the delivery forecast and actual delivery requirements.  To that end, HWE shall also report to MFC on
or before the first business day of each month its estimated delivery requirement
of corn for the following month.

 2
 

 

(e) 
MFC shall maintain a minimum of seven (7) days supply of corn in storage
at HWE at all times.

3.1.02:               CORN
QUALITY

(a)                                  Corn
Quality.  Corn delivered under this
Agreement shall: (i) be No. 2 shelled yellow corn, having no more than a 15%
moisture content; (ii) be graded in accordance with State and Federal laws and
in accordance with any reasonable standards set by HWE; (iii) be merchantable
and not be adulterated; (iv) meet such additional specifications and standards
as the parties may establish from time to time by mutual agreement, including
without limitation standards and specifications related to test weight
(determined with reference to moisture content), foreign material and mycotoxin
and other toxin levels.

It is understood and
agreed that corn over 15% moisture content will be delivered and/or corn with
certain of the discount elements described in paragraph 3.1.02(b) may be
delivered and such is acceptable to HWE, subject to the pricing discount(s) and
other terms described in said paragraph 3.1.02(b).

It is understood and
agreed that the parties intend that the corn quality provisions of this
Agreement that pertain to daily averages shall be construed so that MFC is able
to compete with other corn merchants in the surrounding area and correspondingly
so that HWE is treated fairly.  The daily
average on quality factors shall not be abused by reasons such as bringing
specific quality loads at certain times of the day to maximize the ranges
allowed in the average window allowance(s). 
This will be monitored on a daily basis and if there is any material
violation, HWE will not be required to and shall not allow any loads for that
day to be applied to the daily averages as described in this Agreement.

(b)
Corn Not Meeting Quality Requirements. 
HWE may, at its option: (i) reject any corn delivered by MFC that does
not meet these specifications described herein or (ii) accept corn delivered by
MFC that does not meet these specifications on the following discounted pricing
terms:

DISCOUNT SCHEDULE

Corn Discounts that will
be charged to MFC from HWE:

Moisture

15.0% and under-no discount

15.1-15.5% 2 cents per bu.

15.6 - 16.0% - 4 cents per bu.

16.1 – 16.5% - 6 cents per bu.

16.6 to 17.0% - 8 cents per bu.

Corn over 17.0% - subject
to rejection

 3
 

 

Shrinkage

Shrinkage of such corn shall be calculated at 1.4%
shrinkage per point of moisture over 15.0%, with the calculation being applied
on a pro rata basis.  For example, if the
corn is 15.5% - there would be .7% shrinkage (1.4% ÷ 2).

Test
Weight

54.0 lbs and over – no discount

53.0 – 53.9 lbs. – 2 cents per bu.

52.0 – 52.9 lbs. – 4 cents per bu.

Below 52.0 lbs. –
additional 2 cents per lb. per bu.

Regular
Damage

5.0% and under – no discount

5.1% and up – 2 cents per bu. per each 1%

Over 10.0% - subject to
rejection

Foreign
Material

3.0% and under – no discount

3.1% and up – 3 cents per
bu. per each 1%

Musty/Sour –
5 cents per bu. if not rejected.

The parties agree that
the quality requirements (and corresponding right to reject corn) and discount
schedule shall be applied as follows:

1.                                       Moisture:
There will be no discount on a load of corn until it is above 15.0%, and then a
discount and right to reject as described in the discount schedule.  The right to reject regarding moisture shall
be determined on a load by load basis. 
The discount schedule shall be applied on a daily average, except that
any loads having moisture above 16.1% shall be discounted on a per load basis
pursuant to the discount schedule.

2.                                       Test
Weight:  All loads with a test weight of
50 lbs. and above shall be averaged on a daily average basis, with the discount
schedule applied on that daily average. 
All loads of test weights below 50 lbs. shall be handled on a load by
load basis, subject to the right of rejection and with the discount schedule (if
such corn is accepted) being applied on a load by load basis.

3.                                       Damage
(Regular and/or Heat): All loads between 0% and 10% damage shall be averaged on
a daily average basis, with the discount schedule applied on that daily
average.  Any loads of corn with more
than 10% damage shall be handled on a load by load basis, with right to reject
and in applying the discount schedule.

 4
 

 

4.                                       Foreign
Material:  Loads with 0% to 6% foreign
material shall be averaged on a daily average basis, with the discount schedule
applied on that daily average.  Loads
with more than 6% foreign material shall be handled on a load by load basis,
with right to reject and in applying the discount schedule.

5.                                       Toxins.  Any load of corn that tests positive for
microtoxins or other toxins will be rejected. 
However, it is agreed that MFC is responsible only to use “black light”
testing to determine the existence of such toxins.

If HWE desires additional testing, it shall give
written notice to MFC and HWE shall pay all costs of such additional testing.

This discount schedule is
subject to change as market conditions dictate providing both MFC and HWE
mutually agree to any change in writing.

(c)
Limitation on Quality Requirements. 
Notwithstanding the foregoing provisions of this Section 3.1.02, MFC
shall not be required to provide Corn under this Agreement with qualities and
characteristics exceeding the average qualities of Corn produced during the
preceding corn production year ending on August 31 of such year in the specific
area surrounding the Plant defined as within a fifty (50) mile radius of the
plant. If such average qualities of corn produced within a 50 mile radius of
the plant are unacceptable to HWE, as reasonably determined by HWE, then MFC
shall have the right to procure corn from other geographic areas until such
time as the average qualities of corn within the 50 mile radius of the plant
are reasonably acceptable to HWE.  If
corn is procured from other geographic areas pursuant to the terms of this
paragraph, the Market Price shall be the purchase price, plus shipping
costs.  In addition, HWE shall pay MFC
the per bushel procurement fee.

(d) Determination of a Bushel of Corn.  For purposes of MFC’s delivery obligations
hereunder, a “bushel of Corn” or “bushel” is to be equivalent to a bushel of
No. 2 shelled yellow corn at 15% moisture and a weight of 56 pounds per
bushel.  The moisture content and test
weights of the Corn delivered to HWE under this Agreement shall be determined
and discounts on price, if any, applied, as described in Paragraph 3.1.02 (b).

3.1.03:               LICENSING

MFC shall obtain Corn to be provided to HWE under this
Agreement under MFC’s own grain dealer’s license. HWE shall obtain and maintain
a grain dealer’s license.  MFC shall also
obtain any and all licenses or permits necessary for MFC to meet its
obligations under this Agreement.

3.1.04:               PAYMENTS
TO CORN SUPPLIERS

MFC
will account for the Corn provided by, and settle with, all third parties
providing Corn to the Plant.

 5
 

 

TITLE III

ARTICLE II

TERM OF
CORN PROCUREMENT

3.2.01:               COMMENCEMENT

The
terms of this Agreement shall become effective on the first date that the
facility needs corn for testing, startup or operations.  HWE shall notify MFC ten (10) days in advance
of when corn is first needed.

3.2.02:               TERM OF AGREEMENT

The term of this Agreement shall begin on the first
day corn is requested by HWE as stated in paragraph 3.2.01 and shall continue
for a term of seven (7) years thereafter. 
Suspensions of operations for any reason, such as repairs,
modifications, expansions or damage to the facility shall not terminate this
Agreement – provided the plant thereafter resumes operations.

TITLE III

ARTICLE
III

CORN PROCUREMENT FEE

3.3.01:               PROCUREMENT
FEE

For
the seven (7) year term of this Grain Procurement Agreement, HWE will pay MFC a
Corn procurement and delivery fee of $0.07 per bushel of Corn delivered
pursuant to Title 3 of this Agreement (the “Procurement Fee”).

3.3.02:               CORN
FOR HWE

For any Corn required by HWE and provided by MFC
pursuant to this Agreement, HWE shall pay MFC the Market Price as determined in
Title III, Article IV (or, if applicable, Title III, Article I, paragraph
3.1.02(c)), plus the Procurement Fee and storage fees provided for under this
Agreement.

3.3.03:               HEDGING
ASSISTANCE

MFC
shall assist HWE, or HWE’s designated agent, in HWE’s forward purchases of Corn
to “lock in” the costs thereof whenever HWE determines such risk positions are
prudent.  The determination of HWE need
not be separately evidenced in writing so long as HWE communicates to MFC its
decision to make forward purchases.  HWE
shall pay the purchase price for such forward purchases plus the Procurement
fee and, if applicable, storage fees.

HWE
shall pay the purchase price when the corn is purchased or when invoiced,
whichever occurs first.  The Procurement
fee shall be due when the corn is delivered to

 6
 

 

the plant and the
Procurement fee invoiced as provided by Title III, Article IV, paragraph
3.4.01.  Any storage fees shall be paid
as agreed on a case by case basis by the parties, or if no such agreement
occurs, as is customary and standard or as otherwise provided by this
Agreement.

TITLE III

ARTICLE IV

INVOICING,
PAYMENT AND MARKET PRICE

3.4.01                  HWE
shall pay MFC for the corn as delivered to the HWE facilities and the corresponding
Procurement Fee for said corn every day at 12:00 p.m. central time for
deliveries accrued through the close of business on preceding day.  If any day falls on a national holiday,
payment shall occur 12:00 p.m. the next day.

3.4.02                  The
Market Price per bushel is the daily posted board price at the HWE plant (it is
understood that MFC will have a bid price based upon delivery to the HWE plant)
as of 10:00 a.m. the next trading day after the corn is delivered to the HWE
facility.  The discounts, if any, shall be
determined pursuant to paragraph 3.1.02(b).

3.4.03                  HWE shall make all cash purchases of
corn from MFC.  The purchase price
(subject to the discounts provided for herein) shall be comparable to that paid
by other buyers of corn located within a 50 mile radius of Lamberton, Minnesota
on the day of purchase.  The end of day
bid price at said comparable location(s) and at the Highwater Ethanol facility
shall be used in performing the calculations. 
Even though on any given day, the board price for corn at the Highwater
Ethanol plant may not be the same as the average board price of other grain
buyers nearby, it is the intent of the parties that over time the average board
price at the Highwater Ethanol plant will be equal to or slightly greater than
the average board price for other licensed grain buyers of corn located within
a 50 mile radius of the HWE ethanol plant at Lamberton, Minnesota for the same
period.  MFC and HWE shall independently
track the board price of other licensed corn buyers within a 50 mile radius of
Lamberton and shall on a calendar monthly basis, compare the data to the board
price for corn at the Highwater Ethanol plant to verify that its board price
for corn is consistent with the intent of this Agreement.

3.4.04                  Additionally, HWE may, subject to
agreement of the parties hereto, forward purchase corn from MFC as allowed by
MFC’s cash corn position as established by the Daily Position Record at the MFC’s
Lamberton facilities.  MFC shall give
first opportunity to HWE to forward purchase such corn before selling such corn
to any other party.

3.4.05                  In case of a natural catastrophe,
affecting grain production or harvest, it may be necessary to purchase corn
from outside the natural trade area of MFC and ship such to

 7
 

 

the HWE facility.  In
such an event, the Market Price shall be the purchase price, plus shipping
costs.  In addition, HWE shall pay MFC
the per bushel procurement fee.

3.4.06                  If
HWE forward purchases corn, it shall be entitled to receive either a warehouse
receipt or a price later contract.

TITLE III

ARTICLE V

LOCATION OF MFC’S DELIVERY

3.5.01                  MFC
shall deliver all Corn to HWE, and risk of loss shall pass to HWE, at the
Facilities.

3.5.02                  All
responsibility for and all unloading will be performed by HWE at the sole and
exclusive cost of HWE.

3.5.03                  The HWE shall provide space rent free at
its facility for no more than two (2) employees of the MFC, so that said
employees may coordinate the purchase and delivery of corn to the HWE
facilities.  Said employees shall not be
responsible for and shall not be involved in the unloading or handling of said
corn when it arrives at the facility site. 
It is intended that said MFC employees shall remain in “office” because
of HWE’s liability concerns.

Said
MFC employees at HWE shall be responsible to weigh and grade corn as delivered
to the HWE facility.  MFC employees will
take and provide the required corn samples so that said weighing and grading
can properly occur.  HWE employees shall,
from time to time, spot check the weighing and grading conducted by MFC
employees.

3.5.04                  Any
disputes over grade discrepancies will be settled by the Federal Grain
Inspection Service.

3.5.05                  The
grain purchased or owned by HWE which is held pursuant to warehouse receipt or
priced later shall be physically stored in MFC’s facilities.

3.5.06                  The
facility as constructed by HWE shall have a minimum of 470,000 bushels of corn
storage and if the plant is expanded, then storage on the plant site shall
proportionately increase so the on site storage at the plant has at least
enough capacity to hold ten (10) days of corn for operation of the plant.

3.5.07                  The
design of the HWE grain receiving, handling and storage facilities shall be
subject to the review of MFC before such are constructed.  Any expansion or material modification of
such grain receiving, handling and storage facilities of HWE shall likewise be
subject to review by MFC before any such expansion or material modification
occurs.  HWE shall give due consideration
to comments or

 8

 

recommendations
made by MFC following its review. 
However, HWE shall not be bound to accept such comments or
recommendations.

TITLE III

ARTICLE
VI

DEFAULT, WAIVER, AND REMEDIES

3.6.01:     DEFAULT,
NOTICE, AND CURE

(a)           Except
as provided in Section 3.6.01(b), if either party shall fail to perform any of
the covenants or obligations imposed upon it by this Agreement (except such
failure as shall be excused under Title IV, Article III), the other party shall
notify the party in default in writing of the alleged default and if the party
in default shall not cure said default within fifteen (15) days from and after
receiving such notice (the “Cure Period”), then notwithstanding any other
provision of this Agreement, the complaining party shall have the remedies set
forth in Section 3.6.03.

(b)           If
HWE fails to make payment for Corn delivered by MFC and accepted by HWE under
the terms of this Agreement, the provisions of Section 3.6.01(a) shall apply; however, the Cure Period shall be three (3) days from and
after HWE’s receipt of notice of HWE’s default from MFC.

3.6.02:     WAIVER

Waiver by either party of any breach of the terms and
conditions herein contained shall not be construed as a waiver of any
subsequent breach of the same or any other provision of this Agreement.

3.6.03:     REMEDIES

(a)           HWE’s Remedies.  If MFC fails to deliver Corn as required by
this Agreement, HWE may: (i) in good faith and without unreasonable delay, make
any reasonable purchase of Corn in substitution of the quantity due from MFC, (ii)
recover from MFC as damages the difference between the cost of cover under (i)
and the Market Price (or the average Board price at the comparable location(s)
established by the Amendment to this Agreement, if Market Price cannot be
determined), plus the Procurement Fee, together with any incidental or
consequential damages, but less expenses saved in consequence of MFC’s breach,
(iii) seek and receive injunctive relief or a decree of specific performance,
(iv) credit the amount of damages MFC has become obligated to pay HWE, as
determined by arbitration or if arbitration fails to occur as required hereby,
a court of competent jurisdiction, to HWE and set off such amount against any
amounts owed by HWE to MFC.

 9
 

 

(b)           MFC’s
Remedies.  If HWE fails to make any
payment for Corn delivered by MFC and accepted by HWE under the terms of this
Agreement, MFC may recover the payments from HWE. MFC may withhold future
scheduled deliveries only if HWE fails to pay MFC the payments owed MFC as
provided by this Agreement within three (3) business days after HWE’s receipt
of MFC’s written demand for payment.  MFC
shall also have the right to specifically enforce the terms of this Agreement,
including, but not limited to, the obligation of HWE to purchase all of the
corn needed to operate the plant from MFC.

(c)           No right,
power or remedy conferred by this Agreement shall be exclusive of any other
right, power or remedy now or hereafter available at law, in equity, by statute
or otherwise.  In case of material
reoccurring defaults, the non-defaulting party shall be entitled to an
immediate remedy available at law, in equity, by statute or otherwise, not
withstanding the notice and cure provisions of this Article 6.

TITLE IV: GENERAL PROVISIONS

ARTICLE I

WARRANTIES

4.1.01:     OWNERSHIP
AND QUALITY OF CORN

MFC warrants to HWE that MFC owns all of the Corn
delivered to HWE under this Agreement and that such Corn shall be free and
clear of any security interest, lien, penalty, charge, or encumbrance,
governmental or otherwise.  If MFC has
granted a security interest in any of the Corn delivered, MFC shall inform HWE
in writing, at or before delivery of the Corn, of any such secured party’s name
and address.  HWE shall have the right,
but not the obligation, to name the secured party as co-payee with MFC on any
payment for the Corn and to deliver such payment to the secured party.

4.1.02:     NO
EXPRESS OR IMPLIED WARRANTIES

Neither party shall be
liable for any representation or warranty of any kind, express or implied, not
expressly set forth in this Agreement.

TITLE IV

ARTICLE
II

DISPUTE RESOLUTION

4.2.01:     ALTERNATIVE DISPUTE
RESOLUTION

If a dispute, controversy, or claim arises out of or relates to this
Agreement, or the alleged breach thereof, including any claim or allegation of
fraud or misrepresentation, and if said dispute cannot be settled through
direct discussions, the parties agree to first endeavor to settle the dispute
in an amicable manner by mediation with an independent mediator selected by
mutual agreement of the parties.  If the
parties are unable to agree on a mediator, mediation shall be administered by
the American Arbitration Association

 10
 

 

under its Commercial Mediation Rules. 
If the matter has not been resolved pursuant to mediation within thirty
(30) days of the commencement of such mediation (which period may be extended
by mutual agreement in writing), then any unresolved dispute, controversy, or
claim arising out of or relating to this Agreement, or the breach thereof,
shall be settled by arbitration administered by the American Arbitration
Association in accordance with its Commercial Arbitration Rules (the “Commercial
Arbitration Rules”), and judgment upon the award rendered by the arbitrators
may be entered in the Minnesota District Court in Redwood County, Minnesota, or
the highest state court having jurisdiction. 
The arbitration shall be conducted in Redwood County, Minnesota by a
panel of three neutral arbitrators appointed pursuant to the Commercial
Arbitration Rules.. The arbitrators shall permit each party to conduct limited
relevant discovery.  The arbitrators
shall award damages measured by the prevailing party’s actual damages, and may
not, in any event, make any ruling, finding or award that does not conform to
the terms and conditions of this Agreement. 
The provisions of this Agreement shall be a complete bar and defense to
any suit, action or proceeding instituted in any court or administrative
tribunal with respect to any controversy or dispute under this Agreement which
is arbitrable.

4.2.02:     ATTORNEY’S FEES AND COSTS

The parties agree that
the arbitration panel shall award to the prevailing party in any dispute
resolution proceedings related to this Agreement, from the other party, the
amount of the prevailing party’s costs, expenses, and attorneys’ fees as the
arbitrators deem fair and equitable.

TITLE IV

ARTICLE III

FORCE
MAJEURE

4.3.01:     RELIEF
FROM TRANSFERING CORN

In
the event of either party being rendered reasonably unable by Force Majeure to
perform any of its obligations in receiving or delivering Corn hereunder, the
obligations of such party shall be suspended, to the extent it is unable, in
whole or in part, to receive or deliver Corn by reason of Force Majeure, during
the continuance of any inability so caused and the cause of such inability
shall, so far as possible, be remedied with reasonable diligence.  Inability may include a storm event that does
not allow management of HWE to execute documents and otherwise perform wire
transfers or payment as required by this Agreement or which does not permit MFC
to perform as required by this Agreement. 
However, the party not subject to the force majeure event may, during
such period, accept performance from the other party or a third party as it may
reasonably determine under the circumstances.

 11
 

 

4.3.02:     DEFINITION

The term “Force Majeure” as used in this Agreement
shall mean natural catastrophe, strikes, lockouts, or other industrial
disturbances, acts of the public enemy, wars, declared or undeclared,
blockades, insurrections, riots, fires, civil disturbances, explosions,
curtailment of power or natural gas, compliance with laws, governmental
regulations, orders and requests, whether valid or not, curtailment or other
inability to obtain equipment, supplies, materials, including corn, or
transportation facilities, breakdown of facilities, machinery or equipment and
any other cause whether of the kinds herein enumerated or otherwise, not within
the reasonable control of the party claiming suspension, all of which by the
exercise of due diligence such party could not have reasonably foreseen and
provided against; provided, however, that the settlement of strikes or lockouts
shall be entirely within the discretion of the party having the difficulty.

TITLE IV

ARTICLE IV

DELIVERY
OF PAYMENTS AND NOTICES

4.4.01:     METHOD AND TIME

All
payments for corn and related fees shall be made by wire transfer.  All payments of other sums, notices, demands,
or requests from one party to another may be personally delivered or sent by
mail, certified or registered, postage prepaid, to the addresses stated in this
section, and shall be deemed to have been given at the time of personal
delivery or forty-eight (48) hours after the time of mailing.

4.4.02:     NOTICE TO MFC

All notices, demands or requests from HWE
to MFC shall be given to MFC at:

MEADOWLAND FARMERS CO-OP

C/o General Manager

101 1st Avenue E

Lamberton, MN 
56152

Fax
number: (507) 752-7106

4.4.03:     NOTICE TO HWE

All notices, demands or requests from MFC
to HWE shall be given to HWE at:

Highwater Ethanol, LLC

C/o
General Manager

with a required
copy to:

To be determined.

 12
 

 

4.4.04:     CHANGE OF ADDRESS

Each party shall have
the right, from time to time, to designate a different address by notice given
in conformity with this section.

TITLE IV

ARTICLE V

INDEMNITY

4.5.01:     DUTY TO INDEMNIFY.    MFC
agrees to indemnify and hold HWE harmless against any and all claims, losses,
damages or expenses by or on behalf of any person or entity arising out of the
performance of any covenant or agreement to be performed by MFC, or arising
from any act or negligence or willful misconduct on the part of MFC, any person
or entity claiming by, through or under MFC or its agents, contractors,
employees or invitees, including reasonable attorney fees, expenses, and
liabilities, incurred in connection with any such claim or action or proceeding
brought against HWE.

4.5.02:     DUTY TO INDEMNIFY.  HWE agrees to indemnify and hold MFC harmless
against any and all claims, losses, damages or expenses by or on behalf of any
person or entity arising out of the performance of any covenant or agreement to
be performed by HWE, or arising from any act or negligence or willful
misconduct on the part of HWE, any person or entity claiming by, through or
under HWE or its agents, contractors, employees or invitees, including reasonable
attorney fees, expenses, and liabilities, incurred in connection with any such
claim or action or proceeding brought against MFC.

TITLE IV

ARTICLE VI

OTHER
GENERAL PROVISIONS

4.6.01:     COMPUTATION OF TIME

The time in which any act provided by
this Agreement is to be done shall be computed by excluding the first day and
including the last, unless the last day is a Saturday, Sunday or holiday, and
then it is also excluded, except that storage and interest shall begin to
accrue on the first day.

4.6.02:     SUCCESSORS IN INTEREST

Each and all of the covenants, conditions
and restrictions in this Agreement shall inure to the benefit of and shall be
binding upon the successors, assigns, transferees, sublessees, licensees of the
parties hereto.

 13
 

 

4.6.03:     ENTIRE AGREEMENT

This Agreement contains the entire
agreement of the parties with respect to the matters covered herein, and no
other agreement, statement or promise made by any party, to any employee,
officer, or agent of any party, which is not contained in this Agreement shall
be binding or valid.

4.6.04:     PARTIAL INVALIDITY

If any term, covenant, condition or
provision of this Agreement is held by a court of competent jurisdiction or the
arbitrators to be invalid, void, or unenforceable, the invalid, void or
unenforceable term(s) shall be void, and the parties shall renegotiate said
term(s) of this Agreement in good faith and if the parties cannot reach
agreement, said term(s) shall be established by the Dispute Resolution
provisions of this Agreement.

4.6.05:     RELATIONSHIP OF PARTIES

Nothing contained in this Agreement shall
be deemed or construed by the parties or by any third person, arbitrator, or
court to create the relationship of principal and agent or of partnership or of
joint venture or of any association between MFC and HWE, and neither the method
of computation of rent or fees nor any other provisions contained in this
Agreement nor any acts of the parties shall be deemed to create any
relationship between MFC and HWE, other than the relationship of seller and
buyer.

4.6.06:     INTEREST

Any sum accruing to MFC or HWE under the
provisions of this Agreement which shall not be paid when due shall bear
interest at the rate of ten percent (10%) per annum from the date due until
paid.

4.6.07:     MODIFICATION

This
Agreement may not be modified or amended except by written instrument signed by
both of the parties, provided that the Board of Directors of both parties
approve the modification, and shall not be modified or altered by any
subsequent course of performance by either of the parties, except as expressly
otherwise herein provided.

4.6.08:     CHOICE
OF LAW

This
Agreement shall be deemed to have been made and executed in the State of
Minnesota and the validity, construction, interpretation, effect and
enforcement thereof shall be governed by the laws of the State of Minnesota.

4.6.09:     HEADINGS
AND CAPTIONS

The
headings and captions of the titles, articles, sections, and subsections of
this Agreement are inserted for convenience of reference only, and do not
constitute part of the Agreement.

 14
 

 

4.6.10:     COUNTERPARTS

This
Agreement may be executed simultaneously in two or more counterparts, each of
which shall in such event be deemed an original, but all of which together
shall constitute one and the same instrument.

TITLE V

ARTICLE I

RIGHT OF
FIRST REFUSAL

5.01:        MFC
hereby grants to HWE a right of first refusal to purchase any portion of the
facilities or business of MFC, including all the facilities and all the
business of MFC, for which MFC has accepted an offer and intends to sell.  Said right of first refusal as hereby granted
to HWE shall operate as follows:

a)             MFC shall give
written notice to HWE of the offer that MFC intends to accept (whether for a
portion of the facilities or business of MFC or whether for all the facilities
or entire business of MFC).

b)            HWE shall have thirty
(30) days to accept said offer and thereby elect and exercise the right of
first refusal as contained herein.

c)             Closing shall occur
(if the right of first refusal is exercised) thirty (30) days after HWE gives
written notice to MFC of the exercise of said right of first refusal or the
date provided for in the offer as provided by MFC to HWE, whichever is later.

d)            If the right is not
exercised, any sale covered by the notice as given to HWE can proceed to close
free and clear of this right of first refusal. 
The right of first refusal shall stay in full force and effect regarding
any future sales of assets or business by MFC.

e)             This right of first
refusal shall stay in full force and effect so long as this Grain Procurement
Agreement is in effect.

f)             This right of first
refusal shall not cover the sale of personal property assets, but shall be
construed as covering real estate, fixtures and business (blue sky).

g)            Any
such sale subject to any required approval of Meadowland members (patrons).

IN WITNESS WHEREOF, MFC and HWE
have caused this Agreement to be

 15
 

 

executed by their
duly authorized representatives as of the date first set forth above.

 

	
  MEADOWLAND FARMERS

  	
   

  	
   

  	
  HIGHWATER ETHANOL, LLC (HWE)

  
	
  CO-OP
  (MFC)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
      /s/ John Reiner

  	
   

  	
  By

  	
       /s/ Brian Kletscher

  	
   

  
	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
  President

  	
   

  	
   

  	
  Its:

  	
   

  	
  President

  	
   

  	
   

  
																				

 

 16
 

 

EXHIBIT
“A”

Legal
Description of the Premises on which the facilities (“plant”) of

Highwater
Ethanol, LLC (HWE) will be constructed:

County of Redwood, State
of Minnesota:

That part of the Southwest Quarter of Section 21,
Township 109 North, Range 37 West, Redwood County, Minnesota, lying north of
the northerly right-of-way line of the Dakota Minnesota & Eastern Railroad,
east of the easterly right-of-way line of Township Road T-190 as now located
and established, and southerly of the southerly right-of-way line of Trunk
Highway No. 14.

TOGETHER WITH that part of the Southeast Quarter of
Section 21, Township 109 North, Range 37 West, Redwood County, Minnesota, lying
north of the northerly right-of-way line of the Dakota Minnesota & Eastern
Railroad, and southerly of the southerly right-of-way line of Trunk Highway No.
14.

Also that portion
of the South One Half (S1⁄2) of Section Twenty-two (22), Lamberton Township,
Redwood County, State of Minnesota, located North of the DM and E rail
line.  Including up to 200 feet along the
northern portion of the DM and E rail line, running the length of the Lamberton
EDA property, also including all or a portion of Lot 9 and Lot 10 of the
Preliminary Plat Layout of the Cottonwood River Eco-Energy Park.

 17

 

AMENDMENT

TO

GRAIN PROCUREMENT AGREEMENT

OF

HIGHWATER ETHANOL, LLC

AND

MEADOWLAND
FARMERS CO-OP

WHEREAS, the undersigned
parties have entered into that certain Grain Procurement Agreement dated July
25, 2006;

WHEREAS, the
parties desire to amend said agreement as provided herein;

WHEREAS, the parties
desire that the terms and conditions of the Grain Procurement Agreement remain
confidential so as to allow the Grain Procurement Agreement to work fairly and
correctly between the Highwater Ethanol, LLC (“HWE”) and Meadowland Farmers
Co-Op (“MFC”); and

NOW, THEREFORE, in mutual
reliance hereon, the undersigned parties hereby agree and contract, intending
to be legally bound, as follows:

1.             Each
party will treat as confidential all information contained in the Grain
Procurement Agreement dated July 25, 2006 and shall not disclose such
information to any third party without the prior written consent of the other
party (except its attorneys, accountants or other advisors (who shall be
similarly bound by this Confidentiality Clause), or unless such disclosure is
required by law, including, but not limited to any securities filing(s)).  The parties shall keep the information
contained in the Grain Procurement Agreement confidential both during and
following the expiration of the Term of the Grain Procurement Agreement.

 1
 

 

IN WITNESS WHEREOF, MFC and HWE
have caused this Amendment to be executed by their duly authorized
representatives.

Date:  July 25, 2006

 

	
  MEADOWLAND FARMERS

  	
   

  	
  HIGHWATER ETHANOL, LLC

  
	
  CO-OP
  (MFC)

  	
   

  	
  (HWE)

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
       /s/ John Reiner

  	
   

  	
   

  	
  By

  	
      /s/ Brian Kletscher

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
   

  	
  President

  	
   

  	
   

  	
   

  	
  Its:

  	
   

  	
  President

  	
   

  
																			

 

 2Untitled Page

		
			

			

			

			Exhibit 10.1

			

			

			

			

			

			

			

			

			

			

			

		

		
			STOCK PURCHASE AGREEMENT AND SHARE EXCHANGE

					

					

					

					by and among

					

					MANEKI MINING INC.

					

					a Nevada Corporation

					

					and

					

					RED ROCK PICTURES, INC.

					

					a Nevada Corporation

					

					and

					

					VEGA STAR CAPITAL, SA

					

					

					

					

					

					

					

					

					

					effective as of August 31, 2006

		

		
			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

		

		
			STOCK PURCHASE AGREEMENT AND SHARE EXCHANGE

					

				

		

		
			          THIS STOCK PURCHASE AGREEMENT AND SHARE EXCHANGE, made and entered into this       31st day of August, 2006, by and among Maneki Mining Inc., a Nevada corporation with its principal place of business located at 4462 John Street, Vancouver, B.C. Canada V5V 3X1 ("Maneki"); Red Rock Pictures, Inc., a Nevada Corporation with its principal place of business at 8228 Sunset Boulevard, 3rd Floor, Los Angeles, California 90046 ("Red Rock") and Vegas Star Capital (“Shareholder”)

				

			

		

		
			Premises

					

				

		

		
			          A.         This Agreement provides for the acquisition of Red Rock shall become a wholly owned subsidiary of Maneki and in connection therewith, the issuance of a total of 1,800,000 shares of Maneki to the Red Rock shareholders and the cancellation of 1,500,000 shares held by the Shareholder.

		

		
			

			          B.         The boards of directors of Red Rock and Maneki have determined, subject to the terms and conditions set forth in this Agreement, that the transaction contemplated hereby is desirable and in the best interests of their stockholders, respectively.  This Agreement is being entered into for the purpose of setting forth the terms and conditions of the proposed acquisition.

				

			

		

		
			Agreement

					

				

		

		
			          NOW, THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the parties to be derived here from, it is hereby agreed as follows:

				

			

		

		
			ARTICLE I

					REPRESENTATIONS, COVENANTS AND WARRANTIES OF 

					MANEKI HOLDINGS, INC.

					

				

		

		
			          As an inducement to and to obtain the reliance of Red Rock, Maneki represents and warrants as follows:

				

				          Section 1.1     Organization.   Maneki is a corporation duly organized, validly existing, and in good standing under the laws of Nevada and has the corporate power and is duly authorized, qualified, franchised and licensed under all applicable laws, regulations, ordinances and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now being conducted, including qualification to do business as a foreign corporation in the jurisdiction in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification.  Included in the Schedules attached hereto (hereinafter defined) are complete and correct copies of the articles of incorporation, bylaws and amendments thereto as in effect on the date hereof.  The execution and delivery of this Agreement does not and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not violate any provision of Holding's articles of incorporation or bylaws.  Maneki has full power, authority and legal right and has taken all action required by law, its articles of incorporation, its bylaws or otherwise to authorize the execution and delivery of this Agreement.

				

				

				

			

			2

		

		
			

			

			

			

			

			          Section 1.2     Capitalization.  The authorized capitalization of Maneki consists of 75,000,000 Common Shares, $0.001 par value per share, and 5,000,000 shares of Preferred Stock, $0.001 par value.  As of the date hereof, Maneki has 3,250,000 common shares issued and outstanding, of which 1,500,000 shares shall be redeemed and cancelled upon execution of this Agreement by the parties. 

			

			          All issued and outstanding shares are legally issued, fully paid and non-assessable and are not issued in violation of the preemptive or other rights of any person.  Maneki has no securities, warrants or options authorized or issued.

			

			          Section 1.3     Subsidiaries. Maneki has no subsidiaries.

			

			          Section 1.4     Tax Matters: Books and Records.

				

			
			

			
					(a)        	          	The books and records, financial and others, of Maneki are in all material respects complete and correct and have been maintained in accordance with good business accounting practices; and
	  		
	(b)		Maneki has no liabilities with respect to the payment of any country, federal, state, county, or local taxes (including any deficiencies, interest or penalties).
	  		
	(c)		Maneki shall remain responsible for all debts incurred by Maneki prior to the date of closing.

			

			           Section 1.5     Litigation and Proceedings.   There are no actions, suits, proceedings or investigations pending or threatened by or against or affecting Maneki or its properties, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign or before any arbitrator of any kind that would have a material adverse affect on the business, operations, financial condition or income of Maneki.  Maneki is not in default with respect to any judgment, order, writ, injunction, decree, award, rule or regulation of any court, arbitrator or governmental agency or instrumentality or of any circumstances which, after reasonable investigation, would result in the discovery of such a default.

				

				          Section 1.6     Material Contract Defaults. Maneki is not in default in any material respect under the terms of any outstanding contract, agreement, lease or other commitment which is material to the business, operations, properties, assets or condition of Maneki, and there is no event of default in any material respect under any such contract, agreement, lease or other commitment in respect of which Maneki has not taken adequate steps to prevent such a default from occurring.

				

				          Section 1.7      Information.    The information concerning Maneki as set forth in this Agreement and in the attached Schedules is complete and accurate in all material respects and does not contain any untrue statement of a material fact or omit to state a material fact required to make the statements made in light of the circumstances under which they were made, not misleading. 

				

				          Section 1.8       Title and Related Matters.  Maneki has good and marketable title to and is the sole and exclusive owner of all of its properties, inventory, interest in properties and assets, real and personal (collectively, the “Assets”) free and clear of all liens, pledges, charges or encumbrances.  Maneki owns free and clear of any liens, claims, encumbrances, royalty interests or other restrictions or limitations of any nature whatsoever and all procedures, techniques, marketing plans, business plans, 

				

				

				

			

			3

			

			

			

			

			

			methods of management or other information utilized in connection with Maneki’ business.   No third party has any right to, and Maneki has not received any notice of infringement of or conflict with asserted rights of other with respect to any product, technology, data, trade secrets, know-how, proprietary techniques, trademarks, service marks, trade names or copyrights which, singly on in the aggregate, if the subject of an unfavorable decision ruling or finding, would have a materially adverse affect on the business, operations, financial conditions or income of Maneki or any material portion of its properties, assets or rights.

			

			          Section 1.9    Contracts    On the closing date:

			

			
					(a)        	          	There are no material contracts, agreements franchises, license agreements, or other commitments to which Maneki is a party or by which it or any of its properties are bound:
	  		
	(b)		Maneki is not a party to any contract, agreement, commitment or instrument or subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree or award materially and adversely affects, or in the future may (as far as Maneki can now foresee) materially and adversely affect, the business, operations, properties, assets or conditions of Maneki; and
	  		
	(c)		Maneki is not a party to any material oral or written: (I) contract for the employment of any officer or employee; (ii) profit sharing, bonus, deferred compensation, stock option, severance pay, pension benefit or retirement plan, agreement or arrangement covered by Title IV of the Employee Retirement Income Security Act, as amended; (iii) agreement, contract or indenture relating to the borrowing of money; (iv) guaranty of any obligation for the borrowing of money or otherwise, excluding endorsements made for collection and other guaranties, of obligations, which, in the aggregate exceeds $1,000; (v) consulting or other contract with an unexpired term of more than one year or providing for payments in excess of $10,000 in the aggregate; (vi) collective bargaining agreement; (vii) contract, agreement or other commitment involving payments by it for more than $10,000 in the aggregate.

			

			          Section  1.10    Compliance With Laws and Regulations.    To the best of Maneki’s knowledge and belief, Maneki has complied with all applicable statutes and regulations of any federal, state or other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets or condition of Maneki or would not result in Maneki incurring material liability.

				

				          Section 1.11    Insurance.      All of the insurable properties of Maneki are insured for Maneki ‘s benefit under valid and enforceable policy or policies containing substantially equivalent coverage and will be outstanding and in full force at the Closing Date.

				

				          Section 1.12   Approval of Agreement.    The directors of Maneki have authorized the execution and delivery of the Agreement by and have approved the transactions contemplated hereby.

				

				          Section 1.13  Material Transactions or Affiliations.    There  are no material contracts or agreements of arrangement between Maneki and any person, who was at the time of such contract, agreement or arrangement an officer, director or person owning of record, or known to beneficially own ten percent (10%) or more of the issued and outstanding Common Shares of Maneki and which is to be 

				

				

				

			

			4

			

			

			

			

			

			performed in whole or in part after the date hereof.  Maneki has no commitment, whether written or oral, to lend any funds to, borrow any money from or enter into material transactions with any such affiliated person. 

			

			          Section 1.14   No Conflict With Other Instruments.   The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust or other material contract, agreement or instrument to which Maneki is a party or to which any of its properties or operations are subject.

			

			          Section 1.15   Governmental Authorizations.  Maneki has all licenses, franchises, permits or other governmental authorizations legally required to enable it to conduct its business in all material respects as conducted on the date hereof.  Except for compliance with federal and state securities and corporation laws, as hereinafter provided, no authorization, approval, consent or order of, or registration, declaration or filing with, any court or other governmental body is required in connection with the execution and delivery by Maneki of this Agreement and the consummation of the transactions contemplated hereby.

			

		

		
			ARTICLE II

					REPRESENTATIONS, COVENANTS AND WARRANTIES

					OF RED ROCK PICTURES, INC. 

					

				

		

		
			          As an inducement to, and to obtain the reliance of Maneki, Red Rock represents and warrants as follows:

				

				          Section 2.1   Organization.   Red Rock is a corporation duly organized, validly existing and in good standing under the laws of Nevada and has the corporate power and is duly authorized, qualified, franchised and licensed under all applicable laws, regulations, ordinances and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now being conducted, including qualification to do business as a foreign entity in the country or states in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification.  Included in the Attached Schedules (as hereinafter defined) are complete and correct copies of the articles of incorporation, bylaws and amendments thereto as in effect on the date hereof.  The execution and delivery of this Agreement does not and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not, violate any provision of Red Rock's certificate of incorporation or bylaws.  Red Rock has full power, authority and legal right and has taken all action required by law, its articles of incorporation, bylaws or otherwise to authorize the execution and delivery of this Agreement.

				

				          Corp. is a corporation duly organized, validly existing and in good standing under the laws of Nevada and has the corporate power and is duly authorized, qualified, franchised and licensed under all applicable laws, regulations, ordinances and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now being conducted, including qualification to do business as a foreign entity in the country or states in which the character and location of the assets owned by it or the nature of the business transacted by it requires qualification.  Included in the Attached Schedules (as hereinafter defined) are complete and correct copies of the articles of incorporation, bylaws and amendments thereto as in effect on the date hereof.  The execution and 

				

				

				

			

			5

			

			

			

			

			

			delivery of this Agreement does not and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not, violate any provision of Corp.'s certificate of incorporation or bylaws.  Corp’s has full power, authority and legal right and has taken all action required by law, its articles of incorporation, bylaws or otherwise to authorize the execution and delivery of this Agreement.

			

			          Section 2.2     Capitalization.   The authorized capitalization of Red Rock consists of 10,000,000 shares of common stock, $0.001 par value per share, and 1,000,000 shared of preferred stock, $0.001 par value.  As of the date hereof, there are 2,080,000 shares of common stock issued and outstanding.

			

			          All issued and outstanding common shares have been legally issued, fully paid, are nonassessable and not issued in violation of the preemptive rights of any other person.  Red Rock has no other securities, warrants or options authorized or issued.

			

			          Section 2.3     Subsidiaries.    Red Rock has no subsidiaries.

			

			          Section 2.4     Tax Matters; Books & Records

				

			

		

		
			

		

		
			
					(a)        	          	The books and records, financial and others, of Red Rock are in all material respects complete and correct and have been maintained in accordance with good business accounting practices; and
	  		
	(b)		Red Rock has no liabilities with respect to the payment of any country, federal, state, county, local or other taxes (including any deficiencies, interest or penalties). 
	  		
	(c)		Red Rock shall remain responsible for all debts incurred prior to the closing.

			

		

		
			          Section 2.5     Information.   The information concerning Red Rock as set forth in this Agreement and in the attached Schedules is complete and accurate in all material respects and does not contain any untrue statement of a material fact or omit to state a material fact required to make the statements made, in light of the circumstances under which they were made, not misleading.

				

				          Section 2.6     Title and Related Matters.     Red Rock have good and marketable title to and are the sole and exclusive owners of all of their properties, inventory, interests in properties and assets, real and personal (collectively, the "Assets") free and clear of all liens, pledges, charges or encumbrances, except as set forth in the Schedules attached hereto.  Except as set forth in the Schedules attached hereto, Red Rock owns free and clear of any liens, claims, encumbrances, royalty interests or other restrictions or limitations of any nature whatsoever and all procedures, techniques, marketing plans, business plans, methods of management or other information utilized in connection with their business.  Except as set forth in the attached Schedules, no third party has any right to, and Red Rock have not received any notice of infringement of or conflict with asserted rights of others with respect to any product, technology, data, trade secrets, know-how, proprietary techniques, trademarks, service marks, trade names or copyrights which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a materially adverse affect on the business, operations, financial conditions or income of Red Rock or any material portion of their properties, assets or rights.

				

				          Section 2.7   Litigation and Proceedings.   There are no actions, suits or proceedings pending or threatened by or against or affecting Red Rock, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign or before 

				

				

				

			

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			any arbitrator of any kind that would have a material adverse effect on the business, operations, financial condition, income or business prospects of Red Rock and Red Rock does not have any knowledge of any default on their part with respect to any judgment, order, writ, injunction, decree, award, rule or regulation of any court, arbitrator or governmental agency or instrumentality.

			

			          Section 2.8     Contracts.      On the Closing Date:

			

			
					(a)        	          	Except as set forth in the Schedules attached hereto, there are no material contracts, agreements, franchises, license agreements, or other commitments to which Red Rock are a party or by which it or any of its properties are bound;
	  		
	(b)		Except as set forth in the Schedules attached hereto, Red Rock are not parties to any contract, agreement, commitment or instrument or subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree or award which materially and adversely affects, or in the future may (as far as Red Rock can now foresee) materially and adversely affect, the business, operations, properties, assets or conditions of Red Rock; and
	  		
	(c)		Except as set forth in the Schedules attached hereto, Red Rock are not parties to any material oral or written:  (i) contract for the employment of any officer or employee;  (ii) profit sharing, bonus, deferred compensation, stock option, severance pay, pension, benefit or retirement plan, agreement or arrangement covered by Title IV of the Employee Retirement Income Security Act, as amended; (iii) agreement, contract or indenture relating to the borrowing of money;  (iv) guaranty of any obligation for the borrowing of money or otherwise, excluding endorsements made for collection and other guaranties of obligations, which, in the aggregate exceeds $1,000;  (v)  consulting or other contract with an unexpired term of more than one year or providing for payments in excess of $10,000 in the aggregate;  (vi)  collective bargaining agreement; (vii)   contract, agreement, or other commitment involving payments by it for more than $10,000 in the aggregate.

			

			          Section 2.9     No Conflict With Other Instruments.  The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust or other material contract, agreement or instrument to which Red Rock is a party or to which any of their properties or operations are subject.

				

				          Section 2.10   Material Contract Defaults. To the best of Red Rock’s knowledge and belief, it is not in default in any material respect under the terms of any outstanding contract, agreement, lease or other commitment which is material to the business, operations, properties, assets or condition of Red Rock, and there is no event of default in any material respect under any such contract, agreement, lease or other commitment in respect of which Red Rock has not taken adequate steps to prevent such a default from occurring.

				

				          Section 2.11   Governmental Authorizations.   To the best of Red Rock’s knowledge, Red Rock has all licenses, franchises, permits and other governmental authorizations that are legally required to enable it to conduct its business operations in all material respects as conducted on the date hereof.  Except for 

				

				

				

			

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			compliance with federal and state securities or corporation laws, no authorization, approval, consent or order of, or registration, declaration or filing with, any court or other governmental body is required in connection with the execution and delivery by Red Rock of the transactions contemplated hereby.

			

			          Section 2.12   Compliance With Laws and Regulations.  To the best of Red Rock’s knowledge and belief, Red Rock have complied with all applicable statutes and regulations of any federal, state or other governmental entity or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets or condition of Red Rock or would not result in Red Rock’s incurring any material liability.

			

			          Section 2.13   Insurance.  All of the insurable properties of Red Rock are insured for Red Rock’s benefit under valid and enforceable general liability and director and officer liability policies containing substantially equivalent loss coverage within the policy limits and will be outstanding and in full force at the Closing Date.

			

			          Section 2.14   Approval of Agreement.      The directors of Red Rock have authorized the execution and delivery of the Agreement and have approved the transactions contemplated hereby.

			

			          Section 2.15   Material Transactions or Affiliations.        Except as set forth on Schedule 2.15, as of the Closing Date, there will exist no material contract, agreement or arrangement between Red Rock and any person who was at the time of such contract, agreement or arrangement an officer, director or person owning of record, or known by Red Rock to own beneficially, ten percent (10%) or more of the issued and outstanding Common Shares of Red Rock and which is to be performed in whole or in part after the date.  Red Rock have no commitment, whether written or oral, to lend any funds to, borrow any money from or enter into any other material transactions with, any such affiliated person.

			

		

		
			ARTICLE III

					EXCHANGE PROCEDURE AND OTHER CONSIDERATION

					

				

		

		
			          Section 3.1   Share Exchange/Delivery of Corp Securities.   On the Closing Date, the shareholder of Red Rock shall deliver to Maneki (i) certificates or other documents evidencing all of the issued and outstanding Corp. Common Shares, duly endorsed in blank or with executed power attached thereto in transferrable form.  On the Closing Date, all previously issued and outstanding Common Shares of Red Rock shall be transferred to Maneki, so that Red Rock shall become a wholly owned subsidiary of Maneki.  

				

				          Section 3.2     Issuance of Maneki Common Shares.  In exchange for all of the Red Rock Common Shares tendered pursuant to Section 3.1, Maneki shall issue to the Red Rock shareholders a total of 1,800,000 shares of Maneki common stock in the manner set forth in Schedule 3.2 annexed hereto.  Such shares are restricted in accordance with Rule 144 of the 1933 Securities Act. 

				

				          Section 3.3  Cancellation of Stock.   On the Closing Date, the Shareholders shall cancel and redeem their 1,500,000 shares of Maneki common stock. 

				

				          Section 3.4     Events Prior to Closing.  Upon execution hereof or as soon thereafter as practical, management of Maneki and Red Rock shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, 

				

				

				

			

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			opinions, financial statements, schedules, agreements, resolutions rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced herein below.  In addition, prior to Closing, Red Rock shall provide Maneki with updated audited financial statements to be filed with Maneki’s Form 8-K filing with the SEC within three (3) days of Closing.

			

			          Section 3.6     Closing.   The closing ("Closing") of the transactions contemplated by this Agreement shall be August 31, 2006.

			

			          Section 3.7     Termination.

				

			

		
			
					(a)        	          	This Agreement may be terminated by the board of directors or majority interest of Shareholders of either Maneki or Red Rock, respectively, at any time prior to the Closing Date if:
	  		          	
			(i)        	there shall be any action or proceeding before any court or any governmental body which shall seek to restrain, prohibit or invalidate the transactions contemplated by this Agreement and which, in the judgment of such board of directors, made in good faith and based on the advice of its legal counsel, makes it inadvisable to proceed with the exchange contemplated by this Agreement; or
	  			
			(ii)	any of the transactions contemplated hereby are disapproved by any regulatory authority whose approval is required to consummate such transactions.

			

		

		
			          In the event of termination pursuant to this paragraph (a) of this Section 3.5, no obligation, right, or liability shall arise hereunder and each party shall bear all of the expenses incurred by it in connection with the negotiation, drafting and execution of this Agreement and the transactions herein contemplated.

				

			

			
					(b)        	          	This Agreement may be terminated at any time prior to the Closing Date by action of the board of directors of Maneki if Red Rock shall fail to comply in any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties of Red Rock contained herein shall be inaccurate in any material respect, which noncompliance or inaccuracy is not cured after 20 days written notice thereof is given to Red Rock.  If this Agreement is terminated pursuant to this paragraph (b) of this Section 3.5, this Agreement shall be of no further force or effect and no obligation, right or liability shall arise hereunder.
	   		
	(c)		This Agreement may be terminated at any time prior to the Closing Date by action of the board of directors of Red Rock if Maneki shall fail to comply in any material respect with any of its covenants or agreements contained in this Agreement or if any of the representations or warranties of Maneki contained herein shall be inaccurate in any material respect, which noncompliance or inaccuracy is not cured after 20 days written notice thereof is given to Maneki.  If this Agreement is terminated pursuant to this paragraph (d) of this Section 3.5, this Agreement shall be of no further force or effect and no obligation, right or liability shall arise hereunder.

			

			

			

			

			

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			          In the event of termination pursuant to paragraph (b) and (c) of this Section 3.5, the breaching party shall bear all of the expenses incurred by the other party in connection with the negotiation, drafting and execution of this Agreement and the transactions herein contemplated.

			

			          Section 3.8     Directors of Maneki After Acquisition.  After the Closing Date, Robert Levy shall become the sole member of the Board of Directors of Maneki.  Each director shall hold office until his successor shall have been duly elected and shall have qualified or until his earlier death, resignation or removal. 

			

			          Section 3.9     Officers of Maneki.   Upon the closing, the following person shall be appointed the sole officer of Maneki:

			

			                    NAME                                              OFFICE                                             

				

			                    Robert Levy                                      Chief Executive Officer, Chief Financial

			                                                                             Officer, President and Secretary

			

		

		
			ARTICLE IV

					SPECIAL COVENANTS

					

				

		

		
			          Section 4.1     Access to Properties and Records.     Prior to closing, Maneki and Red Rock will each afford to the officers and authorized representatives of the other full access to the properties, books and records of each other, in order that each may have full opportunity to make such reasonable investigation as it shall desire to make of the affairs of the other and each will furnish the other with such additional financial and operating data and other information as to the business and properties of each other, as the other shall from time to time reasonably request.

				

				          Section 4.2     Availability of Rule 144.  Maneki and Red Rock shareholders holding "restricted securities, " as that term is defined in Rule 144 promulgated pursuant to the Securities Act will remain as “restricted securities”.  Maneki is under no obligation to register such shares under the Securities Act, or otherwise. The stockholders of Maneki and Red Rock holding restricted securities of Maneki and Red Rock as of the date of this Agreement and their respective heirs, administrators, personal representatives, successors and assigns, are intended third party beneficiaries of the provisions set forth herein.  The covenants set forth in this Section 4.2 shall survive the Closing and the consummation of the transactions herein contemplated.

				

				          Section 4.3     Special Covenants and Representations Regarding the Maneki Common Shares to be Issued in the Exchange.  The consummation of this Agreement, including the issuance of the Maneki Common Shares to the Shareholders of Red Rock as contemplated hereby, constitutes the offer and sale of securities under the Securities Act, and applicable state statutes.  Such transaction shall be consummated in reliance on exemptions from the registration and prospectus delivery requirements of such statutes which depend, inter alia, upon the circumstances under which the Red Rock Shareholders acquire such securities. 

				

				          Section 4.4     Third Party Consents.   Maneki and Red Rock agree to cooperate with each other in order to obtain any required third party consents to this Agreement and the transactions herein contemplated.

				

				

				

				

			

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			          Section 4.5     Actions Prior and Subsequent to Closing.

			

		

		
			
					(a)        	          	From and after the date of this Agreement until the Closing Date, except as permitted or contemplated by this Agreement, Maneki and Red Rock will each use its best efforts to:
	  			
			(i)        	maintain and keep its properties in states of good repair and condition as at present, except for depreciation due to ordinary wear and tear and damage due to casualty;
			(ii)	maintain in full force and effect insurance comparable in amount and in scope of coverage to that now maintained by it;
			(iii)	perform in all material respects all of its obligations under material contracts, leases and instruments relating to or affecting its assets, properties and business;
	  			
	(b)		Except for the 17-1 forward split to be effectuated by Maneki, from and after the date of this Agreement until the Closing Date, Maneki will not, without the prior consent of Red Rock:
	  			
			(i)	except as otherwise specifically set forth herein, make any change in its articles of incorporation or bylaws;
			(ii)	declare or pay any dividend on its outstanding Common Shares, except as may otherwise be required by law, or effect any stock split or otherwise change its capitalization, except as provided herein;
			(iii)	enter into or amend any employment, severance or agreements or arrangements with any directors or officers;
			(iv)	grant, confer or award any options, warrants, conversion rights or other rights not existing on the date hereof to acquire any Common Shares; or
			(v)	purchase or redeem any Common Shares.

			

		

		
			          Section 4.6     Indemnification.

					

				

			
					(a)        		Maneki hereby agrees to indemnify Red Rock, each of the officers, agents and directors and current shareholders of Red Rock as of the Closing Date against any loss, liability, claim, damage or expense (including, but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened or any claim whatsoever), to which it or they may become subject to or rising out of or based on any inaccuracy appearing in or misrepresentation made in this Agreement.  The indemnification provided for in this paragraph shall survive the Closing and consummation of the transactions contemplated hereby and termination of this Agreement; and
	  		
	(b)		Red Rock hereby agree to indemnify Maneki, each of the officers, agents, directors and current shareholders of Maneki as of the Closing Date against any loss, liability, claim, damage or expense (including, but not limited to, any and all expense whatsoever reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened or any claim whatsoever), to which it or they may become subject arising out of or based on any inaccuracy appearing in or misrepresentation made 

			

			

				

				

			

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					           	          	in this Agreement. The indemnification provided for in this paragraph shall survive the Closing and consummation of the transactions contemplated hereby and termination of this Agreement.

			

		

		
			ARTICLE V

					CONDITIONS PRECEDENT TO OBLIGATIONS OF RED ROCK

					

				

		

		
			          The obligations of Maneki under this Agreement are subject to the satisfaction, at or before the Closing Date, of the following conditions:

				

				          Section 5.1     Accuracy of Representations.  The representations and warranties made by Maneki in this Agreement were true when made and shall be true at the Closing Date with the same force and effect as if such representations and warranties were made at the Closing Date (except for changes therein permitted by this Agreement), and Maneki shall have performed or compiled with all covenants and conditions required by this Agreement to be performed or complied with by Maneki prior to or at the Closing.  Red Rock shall be furnished with a certificate, signed by a duly authorized officer of Maneki and dated the Closing Date, to the foregoing effect.

				

				          Section 5.2     Director Approval.    The Board of Directors of Maneki shall have approved this Agreement and the transactions contemplated herein.

				

				          Section 5.3     Officer's Certificate.   Red Rock shall have been furnished with a certificate dated the Closing Date and signed by a duly authorized officer of Maneki to the effect that:  (a)  the representations and warranties of Maneki set forth in the Agreement and in all Exhibits, Schedules and other documents furnished in connection herewith are in all material respects true and correct as if made on the Effective Date;  (b)  Maneki has performed all covenants, satisfied all conditions, and complied with all other terms and provisions of this Agreement to be performed, satisfied or complied with by it as of the Effective Date;  (c)  since such date and other than as previously disclosed to the Red Rock, Maneki has not entered into any material transaction other than transactions which are usual and  in the ordinary course if its business; and  (d) no litigation, proceeding, investigation or inquiry is pending or, to the best knowledge of Maneki, threatened, which might result in an action to enjoin or prevent the consummation of the transactions contemplated by this Agreement or, to the extent not disclosed in the Maneki Schedules, by or against Maneki which might result in any material adverse change in any of the assets, properties, business or operations of Maneki.

				

				          Section 5.4     No Material Adverse Change.  Prior to the Closing Date, there shall not have occurred any material adverse change in the financial condition, business or operations of nor shall any event have occurred which, with the lapse of time or the giving of notice, may cause or create any material adverse change in the financial condition, business or operations of Maneki.

				

				          Section 5.5     Other Items.      Red Rock shall have received such further documents, certificates or instruments relating to the transactions contemplated hereby as Red Rock may reasonably request.

				

			

		

		
			ARTICLE VI

					CONDITIONS PRECEDENT TO OBLIGATIONS OF MANEKI

					

				

		

		
			          The obligations of Maneki under this Agreement are subject to the satisfaction, at or before the Closing date (unless otherwise indicated herein), of the following conditions:

				

				

				

			

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			          Section 6.1     Accuracy of Representations.   The representations and warranties made by Red Rock in this Agreement were true when made and shall be true as of the Closing Date (except for changes therein permitted by this Agreement) with the same force and effect as if such representations and warranties were made at and as of the Closing Date, and Red Rock shall have performed and complied with all covenants and conditions required by this Agreement to be performed or complied with by Red Rock prior to or at the Closing.  Maneki shall have been furnished with a certificate, signed by a duly authorized executive officer of Red Rock and dated the Closing Date, to the foregoing effect.

			

			          Section 6.2     Director Approval.   The Board of Directors of Red Rock shall have approved this Agreement and the transactions contemplated herein.

			

			          Section 6.3     Officer's Certificate.   Maneki shall be furnished with a certificate dated the Closing date and signed by a duly authorized officer of Red Rock to the effect that:  (a) the representations and warranties of Red Rock set forth in the Agreement and in all Exhibits, Schedules and other documents furnished in connection herewith are in all material respects true and correct as if made on the Effective Date; and (b) Red Rock had performed all covenants, satisfied all conditions, and complied with all other terms and provisions of the Agreement to be performed, satisfied or complied with by it as of the Effective Date.

			

			          Section 6.4     No Material Adverse Change.   Prior to the Closing Date, there shall not have occurred any material adverse change in the financial condition, business or operations of nor shall any event have occurred which, with the lapse of time or the giving of notice, may cause or create any material adverse change in the financial condition, business or operations of Red Rock.

			

		

		
			ARTICLE VII

					MISCELLANEOUS

					

				

		

		
			          Section 7.1     Brokers and Finders.    Each party hereto hereby represents and warrants that it is under no obligation, express or implied, to pay certain finders in connection with the bringing of the parties together in the negotiation, execution, or consummation of this Agreement. The parties each agree to indemnify the other against any claim by any third person for any commission, brokerage or finder's fee or other payment with respect to this Agreement or the transactions contemplated hereby based on any alleged agreement or understanding between the indemnifying party and such third person, whether express or implied from the actions of the indemnifying party.

				

				          Section 7.2     Law, Forum and Jurisdiction.  This Agreement shall be construed and interpreted in accordance with the laws of the State of Nevada, United States of America.

				

				          Section 7.3     Notices.  Any notices or other communications required or permitted hereunder shall be sufficiently given if personally delivered to it or sent by registered mail or certified mail, postage prepaid, or by prepaid telegram addressed as follows:

				

				                                 If to Maneki :   4462 John Street
                                                        Vancouver, B.C. Canada  V5V 3X1

				

				                                 If to Red Rock: 8228 Sunset Boulevard,
                                                          3rd Floor
                                                          Los Angeles, California 90046

				

				

				

			

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			or such other addresses as shall be furnished in writing by any party in the manner for giving notices hereunder, and any such notice or communication shall be deemed to have been given as of  the date so delivered, mailed or telegraphed.

			

			          Section 7.4   Attorneys' Fees.   In the event that any party institutes any action or suit to enforce this Agreement or to secure relief from any default hereunder or breach hereof, the breaching party or parties shall reimburse the non-breaching party or parties for all costs, including reasonable attorneys' fees, incurred in connection therewith and in enforcing or collecting any judgment rendered therein.

			

			          Section 7.5     Confidentiality.  Each party hereto agrees with the other party that, unless and until the transactions contemplated by this Agreement have been consummated, they and their representatives will hold in strict confidence all data and information obtained with respect to another party or any subsidiary thereof from any representative, officer, director or employee, or from any books or records or from personal inspection, of such other party, and shall not use such data or information or disclose the same to others, except:  (i)  to the extent such data is a matter of public knowledge or is required by law to be published; and (ii)  to the extent that such data or information must be used or disclosed in order to consummate the transactions contemplated by this Agreement.

			

			          Section 7.6     Schedules; Knowledge.  Each party is presumed to have full knowledge of all information set forth in the other party's schedules delivered pursuant to this Agreement.

			

			          Section 7.7     Third Party Beneficiaries.    This contract is solely between Maneki, Red Rock and except as specifically provided, no director, officer, stockholder, employee, agent, independent contractor or any other person or entity shall be deemed to be a third party beneficiary of this Agreement.

			

			          Section 7.8     Entire Agreement.    This Agreement represents the entire agreement between the parties relating to the subject matter hereof.  This Agreement alone fully and completely expresses the agreement of the parties relating to the subject matter hereof.  There are no other courses of dealing, understanding, agreements, representations or warranties, written or oral, except as set forth herein.  This Agreement may not be amended or modified, except by a written agreement signed by all parties hereto.

			

			          Section 7.9     Survival; Termination.  The representations, warranties and covenants of the respective parties shall survive the Closing Date and the consummation of the transactions herein contemplated for 18 months.

			

			          Section 7.10   Counterparts.   This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall be but a single instrument.

			

			          Section 7.11   Amendment or Waiver.       Every right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law, or in equity, and may be enforced concurrently herewith, and no waiver by any party of the performance of any obligation by the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing.  At any time prior to the Closing Date, this Agreement may be amended by a writing signed by all parties hereto, with respect to any of the terms contained herein, and any term or condition 

			

			

			

			

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			of this Agreement may be waived or the time for performance hereof may be extended by a writing signed by the party or parties for whose benefit the provision is intended.

			

			          Section 7.12   Expenses.    Each party herein shall bear all of their respective costs and expenses incurred in connection with the negotiation of this Agreement and in the consummation of the transactions provided for herein and the preparation thereof.

			

			          Section 7.13   Headings; Context.   The headings of the sections and paragraphs contained in this Agreement are for convenience of reference only and do not form a part hereof and in no way modify, interpret or construe the meaning of this Agreement.

			

			          Section 7.14   Benefit.   This Agreement shall be binding upon and shall inure only to the benefit of the parties hereto, and their permitted assigns hereunder.  This Agreement shall not be assigned by any party without the prior written consent of the other party. 

			

			          Section 7.15   Public Announcements.  Except as may be required by law, neither party shall make any public announcement or filing with respect to the transactions provided for herein without the prior consent of the other party hereto.

			

			          Section 7.16   Severability.   In the event that any particular provision or provisions of this Agreement or the other agreements contained herein shall for any reason hereafter be determined to be unenforceable, or in violation of any law, governmental order or regulation, such unenforceability or violation shall not affect the remaining provisions of such agreements, which shall continue in full force and effect and be binding upon the respective parties hereto.

			

			          Section 7.17   Failure of Conditions; Termination.   In the event of any of the conditions specified in this Agreement shall not be fulfilled on or before the Closing Date, either of the parties have the right either to proceed or, upon prompt written notice to the other, to terminate and rescind this Agreement.  In such event, the party that has failed to fulfill the conditions specified in this Agreement will liable for the other parties legal fees.  The election to proceed shall not affect the right of such electing party reasonably to require the other party to continue to use its efforts to fulfill the unmet conditions.

			

			          Section 7.18   No Strict Construction. The language of this Agreement shall be construed as a whole, according to its fair meaning and intendment, and not strictly for or against either party hereto, regardless of who drafted or was principally responsible for drafting the Agreement or terms or conditions hereof.

			

			          Section 7.19   Execution Knowing and Voluntary.  In executing this Agreement, the parties severally acknowledge and represent that each:  (a) has fully and carefully read and considered this Agreement;  (b) has been or has had the opportunity to be fully apprized by its attorneys of the legal effect and meaning of this document and all terms and conditions hereof;  (c) is executing this Agreement voluntarily, free from any influence, coercion or duress of any kind.

			

			          Section 7.20   Amendment.   At any time after the Closing Date, this Agreement may be amended by a writing assigned by both parties, with respect to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time for performance hereof may be extended by a writing assigned by the party or parties for whose benefit the provision is intended.

			

			

			

			

			

			

			

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			          Section 7.21  Conflict of Interest.   Both Red Rock and Maneki understand that Anslow & Jaclin, LLP is representing both parties in this transaction which represents a conflict of interest.  Both Red Rock and Maneki have the right to different counsel due to this conflict of interest.  Notwithstanding the above, both Red Rock and Maneki agree to waive this conflict and have Anslow & Jaclin, LLP represent both parties in the above-referenced transaction.  Both Red Rock and Maneki agree to hold this law firm harmless from any and all liabilities that may occur or arise due to this conflict.

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

			

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		          IN WITNESS WHEREOF, the corporate parties hereto have caused this Agreement to be executed by their respective officers, hereunto duly authorized, and entered into as of the date first above written.

		

		

		ATTEST:                                                                                         MANEKI MINING INC.

			

		______________________________                                            By:/s/ Patricia Hutchins                        

		                                                                                                                  PATRICIA HUTCHINS

		                                                                                                                  President

		

		ATTEST:                                                                                        RED ROCK PICTURES, INC.

			

		______________________________                                           By:/s/ Robert Levy                              

		                                                                                                                  ROBERT LEVY

		                                                                                                                  PRESIDENT

		

		

		WITH REGARD TO SECTION 3.3:

			

		VEGA STAR CAPITAL, SA

			

		/s/ Frank Able

				

				

				

				

				

				

				

				

				

				

				

				

				

				

				

				

				

				

			
		17

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