Document:

aecexh10008.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

	Exhibit 10.07

OPTION PLAN #3

	STATEMENT OF CONSENT OF THE

BOARD OF DIRECTORS OF

ASPEN EXPLORATION CORPORATION

	April 27, 2005

     The undersigned, being all of the members of the Board of Directors of Aspen Exploration Corporation (the "Company"), hereby consent to the adoption of the following resolutions as of the date written above, even though these resolutions are executed as of a later date:

     The following resolutions formalize the decisions made by the Board of Directors of Aspen Exploration Corporation (the "Company") to grant options to certain officers, directors, employees and consultants during a meeting of the board in Naples, Florida on April 22, 2005, and are incorporated into the minutes of that meeting.

     WHEREAS, the directors, officers, employees and consultants have been working for the Company for a significant period of time, and the Company would like to encourage their continued performance with option grants as described herein:

	Option Grant

RESOLVED, that non-qualified stock options, expiring as set forth below, to purchase shares of the Company's restricted common stock be and hereby are granted to the following persons, on the following terms, pursuant to the Stock Option Agreement in the form attached hereto, subject to their execution and requirement to execute and return to the Company such option agreement (which form be and hereby is authorized and approved):

R. V. Bailey, options to acquire 65,000 shares 

Robert A. Cohan, options to acquire 80,000 shares 

Robert F. Sheldon, options to acquire 65,000 shares 

Ray K. Davis, options to acquire 25,000 shares 

Judith L. Shelton, options to acquire 25,000 shares

and further

RESOLVED, that each of the options issuable to Ms. Shelton and Messrs. Bailey, Cohan, Davis and Sheldon shall vest and each of the options shall be exercisable at exercise prices as follows:

	· 	 	1/3 of such options on January 1, 2006 and are exercisable at $2.67 per share; 
	· 	 	1/3 of such options on January 1, 2007 and are exercisable at $2.67 per share; and 
	· 	 	1/3 of such options on January 1, 2008 and are exercisable at $2.67 per share

and all of such options expire, unless exercised, at 5:00 pm Mountain time on January 1, 2010.

RESOLVED, there be and hereby are reserved for issuance pursuant to the options being granted hereby 260,000 shares of the Company's common stock to allow for the issuance of the stock underlying the options upon the exercise thereof; and further

RESOLVED, that upon exercise of the options and receipt of consideration in accordance with the option agreement, the shares issuable pursuant thereto, will be legally and validly issued, fully paid, and non-assessable; and further

	Miscellaneous Resolutions

RESOLVED, that the exercise price of the options granted was determined based on the average closing price of the Company’s common stock for the ten trading days preceding the date of this consent, and as a result the Board of Directors has determined that there is no compensation element to the grant; and further

RESOLVED, that each of the recipients of options shall be responsible for their own obligations pursuant to the Internal Revenue Code of 1986, as amended (the "Code") and appropriate state taxation laws, and that the appropriate officers of the Company be and hereby are authorized and directed to issue to such persons appropriate reports reporting the grants to the Internal Revenue Service and appropriate state authorities; and further

RESOLVED, that each of the recipients shall be responsible for their personal reporting requirements under the Securities Exchange Act of 1934, as amended including (without limitation) Section 16(a) thereof; and further

RESOLVED, that the proper officers of the Company hereby are authorized to make all required regulatory filings with the Securities and Exchange Commission (the "SEC"), if any, related to the issuance of the stock options referenced in the foregoing resolutions;

RESOLVED, that the proper officers of the Company are hereby authorized and directed to take all such further action and to execute and deliver all such instruments and documents in the name and on behalf of the Company, and under its corporate seal or otherwise, as in their judgment shall be necessary, proper or advisable in order to fully carry out the intent and to accomplish the purposes of the foregoing resolutions;

RESOLVED, that if or when any of the parties, whether they be directors, employees or consultants, ceases to be affiliated with, or ceases to be employed by the Company, the unexercised options attributed to that person shall expire within three (3) months of such event and shall not thereafter be exercisable. Any unexercised options shall also expire upon the death of any of the parties.

-2-

 

The foregoing resolutions were approved by the undersigned at the meeting held as stated above.

 

					
	Dated:		May 16, 2005		      /s/   R. V. Bailey 
					R. V. Bailey, Chairman 
					
					
					
	Dated: 	 	May 12, 2005 	 	     /s/ Robert A. Cohan 
	 	 	 	 	Robert A. Cohan, Director 
					
					
	Dated:		May 21, 2005		     /s/ Robert F. Sheldon 
					Robert F. Sheldon, Director 

	

-3-Consulting Agreement with Natasha Lysiak

Exhibit 10.2

CONSULTING AGREEMENT

 

     THIS AGREEMENT (the "Agreement") is made this 24th day of September, 2007, between Ardent Mines Limited, a Nevada corporation (hereinafter referred to as the "Company), and Natasha Lysiak, hereinafter referred to as "Consultant." 

RECITALS

     A. The Company desires to be assured of the association and services of Consultant in order to avail itself of Consultant's experience, skills, abilities, background and knowledge, to advise it upon administrative and business operations, and is therefore willing to engage Consultant upon the terms and conditions herein contained.

     B. Consultant agrees to be engaged and retained by the Company and upon said terms and conditions.

     NOW, THEREFORE, in consideration of the recitals, promises and conditions in this Agreement, the Consultant and the Company agree as follows:

     1. CONSULTING SERVICES. The Company hereby retains Consultant to advise it regarding its administrative and business operations.

     2. TERM. The term of this Agreement shall be for a period of one year commencing September 24, 2007, and is renewable for successive six month terms by mutual agreement of the parties. 

     3. COMPENSATION OF CONSULTANT. The Company hereby agrees to compensate Consultant $1,000 per month payable on the first business day of the month. 

     4. RELATIONSHIP OF PARTIES. This Agreement shall not constitute an employer-employee relationship. It is the intention of each party that Consultant shall be an independent contractor and not an employee of the Company. Consultant shall not have authority to act as the agent of the Company except when such authority is specifically delegated to Consultant by the Company. Subject to the express provisions herein, the manner and means utilized by Consultant in the performance of Consultant's services hereunder shall be under the sole control of the Consultant. All compensation paid to Consultant hereunder shall constitute earnings to Consultant from self-employment income. The Company shall not withhold any amounts therefrom as federal or state income tax withholding from wages or as employee contributions under the Federal Insurance Contributions Act (Social Security) or any similar federal or state law applicable to employers and employees.

 

 

 

     5. NOTICES. Any notice, request, demand or other communication required or permitted hereunder shall be deemed to be properly given when personally served in writing or when deposited in the United States mail, postage prepaid, addressed to the other party at the address appearing at the end of this Agreement. Either party may change its address by written notice made in accordance with this section.

     6. BENEFIT OF AGREEMENT. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective legal representatives, administrators, executors, successors, subsidiaries and affiliates.

     7. GOVERNING LAW. This Agreement is made and shall be governed and construed in accordance with the laws of the state of Washington and it is agreed that jurisdiction and venue of any actions pertaining to this Agreement will be in Spokane, Washington.

     8. ASSIGNMENT. Any attempt by either party to assign any rights, duties or obligations which arise under this Agreement without the prior written consent of the other party shall be void, and shall constitute a breach of the terms of this Agreement.

     9. ENTIRE AGREEMENT; MODIFICATION. This Agreement constitutes the entire agreement between the Company and the Consultant. No promises, guarantees, inducements, or agreements, oral or written, express or implied, have been made other than as contained in this Agreement. This Agreement can only be modified or changed in writing signed by the party or parties to be charged.

     10. LITIGATION EXPENSES. If any action at law or in equity is brought by either party to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorney's fees, costs and disbursements in addition to any other relief to which it may be entitled.

     In witness whereof, the parties have executed the day and year first above written.

 

	  	ARDENT MINES LIMITED  	INDEPENDENT CONSULTANT  
	  
	  
	BY:  	TARAS CHEBOUNTCHAK  	NATASHA LYSIAK  
	  	Taras Chebountchak, President  	Natasha LysiakExhibit 4.1

	
  
COMMON STOCK
  	
  
 
  	
  
COMMON STOCK
  
	
  
CERTIFICATE   NO.  __
  	
  
 
  	
  
___ SHARES
  
	
  
 
  	
  
 
  	
  
See reverse side for certain definitions
  
	
  
 
  	
  
 
  	
  
CUSIP NO. ______
  

MERIDIAN INTERSTATE BANCORP, INC.
ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS

THIS CERTIFIES THAT:

[SPECIMEN]

is the owner of:

FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, NO PAR VALUE,
 OF MERIDIAN INTERSTATE BANCORP, INC.

          Transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this Certificate properly endorsed or assigned. This Certificate and the shares of common stock represented hereby are issued and shall be held subject to the laws of the Commonwealth of Massachusetts and to the Articles of Organization and Bylaws of the Corporation, as in effect and as amended from time to time hereafter. This Certificate is not valid until countersigned and registered by the Transfer Agent and Registrar

          The shares are not a deposit account and are not federally insured or guaranteed by the Federal Deposit Insurance Corporation.

          IN WITNESS WHEREOF, MERIDIAN INTERSTATE BANCORP, INC.  has caused this certificate to be executed by the signatures of its duly authorized officers and has caused its corporate seal to be hereunto affixed.

	
  
Dated:
  	
  
 
  	
  
[SEAL]
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 

  	
  
 
  	
  
 
  	
  
 

  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  

  	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Chairman of   the Board and
  	
  
 
  	
  
 
  	
  
Chief   Financial Officer and Treasurer
  
	
  
 
  	
  
Chief   Executive Officer
  	
  
 
  	
  
 
  	
  
 
  

          The shares represented by this Certificate are subject to a limitation contained in the Corporation’s Articles of Organization to the effect that in no event shall any person directly or indirectly, offer to acquire or acquire the beneficial ownership of more than 10% of the outstanding shares of common stock.  Shares beneficially owned in excess of this limitation shall not be counted as shares entitled to vote and shall not be voted by any person or counted as voting shares.

          The Board of Directors of the Corporation is authorized by resolution(s), from time to time adopted, to provide for the issuance of serial preferred stock in series and to fix and state the voting powers, designations, preferences and relative, participating, optional, or other special rights of the shares of each such series and the qualifications, limitations and restrictions thereof.  The Corporation will furnish to any shareholder upon request and without charge a full description of each class of stock and any series thereof.

          The shares represented by this Certificate may not be cumulatively voted on any matter.  

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

	
  
TEN COM  
  	
  
-
  	
  
as tenants in   common
  	
  
 
  	
  
UNIF GIFTS   MIN ACT - __________ custodian __________
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
                                               (Cust)                           (Minor)
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
under   Uniform Gifts to Minors Act ___________________
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
                                                                      (State)
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
TEN ENT    
  	
  
-
  	
  
as tenants   by the entireties
  	
  
 
  	
  
UNIF TRF MIN   ACT - ___________ custodian (until age __)
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
                                               (Cust)
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
___________   under Uniform Transfers  to Minors Act   _________
  
	 JT TEN
	 -
	 as joint tenants with right of survivorship and not as tenants in common
	
  
 
  	
  
    (Minor)                                                                              (State)
  

Additional abbreviations may also be used though not in the above list.

For value received __________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFICATION NUMBER OF ASSIGNEE

	
  

  
	
  
Please print or typewrite name and address   including postal zip code of assignee.
  

	
  
____________________________________ shares of the
common stock represented by this certificate and do hereby irrevocably
constitute and appoint _________________________________________________, attorney,
to transfer the said stock on the books of the within-named corporation with
full power of substitution in the premises.
 

	
  
DATED  ______________________
  	
  
 
  	
  

  
	
   
  	
   
  	
  NOTICE:    The signature to this assignment must correspond with the name as   written upon the face of the certificate in every particular without   alteration or enlargement or any change whatever.
  

	
  SIGNATURE GUARANTEED:
  	
   
  	
  

  
	
   
  	
   
  	
  THE   SIGNATURE(S) SHOULD BE  GUARANTEED BY   AN ELIGIBLE GUARANTOR  INSTITUTION,   (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO   S.E.C. RULE 17Ad-15

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