Document:

EX-10.1

     

    ASSET
      PURCHASE AGREEMENT

     

    THIS
      AGREEMENT dated the 14th
      day of
      August, 2006.

     

    BETWEEN:

     

    JAMES
      LAIRD

    (the
      "Vendor")

     

    OF
      THE FIRST PART

     

    AND:

    DRAYTON HARBOR
      RESOURCES INC.

    (the
      "Purchaser")

     

    OF
      THE SECOND PART WHEREAS

     

     

    A.  The
      Vendor is the registered and beneficial owner of various mineral claims
      (hereinafter the "Claims"),
      collectively
      called CANYON GOLD MINE. The Claims of the
      Vendor are more particularly described in Schedule "A" attached hereto and
      forming
      part of
      this Agreement;

     

    B.  The
      Vendor has agreed to sell and the Purchaser has agreed to purchase all of the
      Claims of the Vendor in accordance with the terms of this
      Agreement.

     

    NOW
      THEREFORE THIS AGREEMENT WITNESSES that in consideration of the terms
      and covenants herein and other good and valuable consideration, the receipt
      and
      sufficiency of which each party acknowledges, the parties hereto agree as
      follows:

     

    1.     
      PURCHASE
      AND SALE
      OF ASSETS

     

    1.1    Sale
      of Assets. Subject to the terms and conditions of this Agreement, the
      Vendor hereby sells, assigns and transfers to the Purchaser, and the Purchaser
      hereby purchases

    the
      Vendor's Claims.

     

    1.2    Purchase
      Price. The purchase price payable by the Purchaser to the Vendor for
      the Vendor's Claims is USD $ 15,000 (the "Purchase
      Price"). If
      applicable, subject to a carried 3%
      Net
      Smelter Royalty as described in Appendix "A".

     

    1.3    Payment
      of the Purchase Price. The Purchase Price will be paid by the delivery
      of a cheque.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.4    Delivery
      of
      Claims. The Vendor delivers to the Purchaser, on execution hereof, all
      of the Claims unconditionally and free and clear of all liens, charges, or
      encumbrances, 

    except
      where disclosed.

     

    2.    COVENANTS
      OF THE PARTIES

     

    2.1    Covenants.
      The parties undertake to keep the information with respect to this Agreement,
      the terms herein, and any related, underlying or subsequent
      agreements

    (the "Information")
      confidential
      and not to directly or indirectly disclose the Information at any time to any
      person or persons or use the Information for any purpose
      whatsoever.

     

    3.    REPRESENTATIONS
      OF THE VENDOR

     

    3.1    Representations.
      The Vendor represents and warrants to the Purchaser as follows,
      with the intent that the Purchaser will rely on the representations in entering
      into
      this

    Agreement,
      and in concluding the purchase and sale contemplated by this
      Agreement:

     

    	(a)  
              	
            Capacity
              to Sell. The Vendor is James Laird, having the power and capacity
              to own and dispose of the Claims, and to enter into this Agreement
              and
              carry out its terms to the full extent;

          

     

    	(b)  
              	
            Authority
              to Sell. The execution and delivery of this Agreement, and the
              completion of the transaction contemplated by this Agreement has been
              duly
              and validly authorized by all necessary corporate action on the part
              of
              the Vendor, and this Agreement constitutes a legal, valid and binding
              obligation of the Vendor enforceable against the Vendor in accordance
              with
              its terms except as may be limited by laws of general application
              affecting the rights of creditors;

          

     

    	(c)  
              	
            Sale
              Will Not Cause Default. Neither the execution and delivery of
              this Agreement, nor the completion of the purchase and sale contemplated
              by this Agreement will:

          

     

      

    	(i) 	violate
            any of the terms and provisions of the constating documents or bylaws
            or
            articles of the Vendor, or any order, decree, statute, bylaw,
            regulation, covenant, restriction applicable to the Vendor or the
            Claims;

    	 	 

    	(ii)  	
            give
              any person the right to terminate, cancel or otherwise deal with the
              Claims; or result
              in any fees, duties, taxes, assessments or other amounts relating to
              the
              Claims becoming due or payable other than tax payable
              by the Purchaser in connection with the purchase and
              sale;

          

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	(d)  	
            Encumbrances.
              The Vendor owns and possesses and has a good marketable title to the
              Claims free and clear of all legal claims, mortgages, liens, charges,
              pledges, security interest, encumbrances or other claims, except where
              as
              disclosed;

          

     

    	(e)  	
            Litigation.
              There is no litigation or administrative or governmental proceeding
              or
              inquiry pending or, to the knowledge of the Vendor, threatened against
              or
              relating to the Claims, nor does the Vendor know of or have reasonable
              grounds that there is any basis for any such action, proceeding or
              inquiry;

          

     

    	(f)  	
            No
              Defaults. Except as otherwise expressly disclosed in this
              Agreement there has not been any default in any obligation to be performed
              under any of the Claims, which are in good standing and in full force
              and
              appropriate effect; and

          

     

    	(g)  	
            Good
              Standing. Prior to closing this Agreement, the Vendor will
              maintain, as required, the Claims in good
              standing.

          

     

    4.    COVENANTS
      OF THE VENDOR

     

    4.1    Procure
      Consents. The Vendor will diligently and expeditiously take all
      reasonable steps requested by the Purchaser to obtain all necessary consents
      to
      effect the transfer of

    the
      Claims.

     

    4.2    Covenant
      of Indemnity. The Vendor will indemnify and hold harmless the Purchaser
      from and against:

     

    	(a)  	
            any
              and all liabilities, whether accrued, absolute, contingent or otherwise,
              existing at closing and which are not agreed to be assumed by the
              Purchaser under this Agreement;

          

     

    	(b)  	
            any
              and all losses, claims, damages and costs incurred or suffered by the
              Purchaser arising out of the breach or inaccuracy of any representation
              or
              warranty of the Vendor contained in this Agreement;
              and

          

     

    	(c)  	
            any
              and all actions, suits, proceedings, demands, assessments, judgments,
              costs and legal and other expenses incident to any of the
              foregoing.

          

     

    4.3    Execution
      of
      all necessary
      documents. The Vendor will execute all necessary documents including
      such assignments as the Purchaser may require to effect the transfer of all
      of
      the Claims, including but not limited to, internet contracts and internet
      names.

     

    5.    REPRESENTATIONS
      OF THE PURCHASER

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.1    Representations.
      The Purchaser represents and warrants to the Vendor as follows,
      with the intent that the Vendor will rely on these representations and
      warranties in
      entering 

    into
      this
      Agreement, and in concluding the purchase and sale contemplated by
      this
      Agreement:

     

    	(a)  	
            Status
              of Purchaser. The Purchaser is a corporation duly incorporated, validly
              existing and in good standing and has the power and capacity to enter
              into
              this Agreement and carry out its terms;
              and

          

     

    	(b)  	
            Authority
              to Purchase. The execution and delivery of this Agreement and
              the completion of the transaction contemplated by this Agreement
              has
              been duly and validly authorized by all necessary corporate action
              on the
              part of the Purchaser, and this Agreement constitutes a legal, valid
              and
              binding obligation of the Purchaser enforceable against the Purchaser
              in
              accordance with its terms except as limited by laws of general application
              affecting the rights of creditors.

          

     

    6.    COVENANTS
      OF THE PURCHASER

     

    6.1    Consents.
      The Purchaser will at the request of the Vendor execute and deliver such
      applications for consent and such assumption agreements, and provide
      such
      information as may be necessary to obtain the consents referred to in paragraph
      4.1 and will assist and cooperate with the Vendor in obtaining the
      consents.

     

    6.2    Execution
      of all necessary documents. The Purchaser will execute all necessary
      documents as the Vendor may require to effect the transfer of all of the
      Claims.

     

    7.    SURVIVAL
      OF REPRESENTATIONS AND COVENANTS

     

    7.1   Vendor's
      Representations and Covenants. All representations, covenants and
      agreements made by the Vendor in this Agreement or under this Agreement will,
      unless 

    otherwise
      expressly stated, survive closing and any investigation at any time made by
      or
      on behalf of the Purchaser will continue in full force and effect for the
      benefit of the Purchaser.

     

    7.2   Purchaser's
      Representations and Covenants. All representations, covenants and
      agreements made by the Purchaser in this Agreement or under this Agreement
      will,
unless
      

    otherwise
      expressly stated, survive closing and any investigation at any time
      made
      by or on
      behalf of the Vendor and will continue in full force and effect for the benefit
      of the Vendor.

     

    8.    LIABILITIES
      NOT ASSUMED

     

    8.1   Liabilities
      Not Assumed. The Purchaser will not assume any liabilities of the
      Vendor. The Purchaser will not be responsible for any liability of the Vendor,
      past, present or 

    future,
      relating to the Claims, and the Vendor will indemnify and save harmless the
      Purchaser from and against any such claim.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.    CONDITIONS
      PRECEDENT TO THE OBLIGATIONS OF THE PURCHASER

     

    9.1   Conditions.
      All obligations of the Purchaser under this Agreement are subject to the
      fulfillment of the following conditions:

     

    	(a)  	
            Vendor's
              Representations. The Vendor's representations contained in this
              Agreement will be true.

          

     

    	(b)  	
            Vendor's
              Covenants. The Vendor will have performed and complied with all
              agreements, covenants and conditions as required by this
              Agreement.

          

     

    	(c)  	
            Consents.
              The Purchaser will have received duly executed copies of the consents
              or
              approvals referred to in paragraph 4.1.

          

     

    9.2    Exclusive
      Benefit. The foregoing conditions are for the exclusive benefit of the
      Purchaser and any such condition may be waived in whole or in part by the
      Purchaser 

    delivering
      to the Vendor a written waiver to that effect signed by the
      Purchaser.

     

    10.    CONDITIONS
      PRECEDENT TO THE
      OBLIGATIONS OF TIIE VENDOR

     

    10.1   Conditions.
      All obligations of the Vendor under this Agreement are subject to the
      fulfillment of the following conditions:

     

    	(a)  	
            Purchaser's
              Representations. The Purchaser's representations contained in this
              Agreement will be true.

          

     

    	(b)  	
            Purchaser's
              Covenants. The Purchaser will have performed and complied
              with all covenants, agreements and conditions as required by
              this
              Agreement.

          

     

    	(c)  	
            Consents
              of Third Parties. All consents or approvals required to be obtained
              by the Vendor for the purpose of selling, assigning or
              transferring
              the Claims have been obtained, provided that this condition may only
              be
              relied upon by the Vendor if the Vendor has diligently exercised its
              best
              efforts
              to procure all such consents or approvals and the Purchaser has
              not
              waived the need for all such consents or
              approvals.

          

     

    10.2   Exclusive
      Benefit. The foregoing conditions are for the exclusive benefit of the
      Vendor and any such condition may be waived in whole or in part by the Vendor
      delivering to 

     
      the Purchaser a written waiver to that effect signed by the Vendor.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

    

    11.    GENERAL

     

    11.1   Governing
      Law. This Agreement and each of the documents contemplated by or
      delivered under or in connection with this Agreement are governed exclusively
      by, and are to

     
be
      enforced, construed and interpreted exclusively in accordance with the laws
      of
      British Columbia which will be deemed to be the proper law of the
      Agreement.

     

    11.2   Professional
      Fees. Each of the parties will bear the fees and disbursements of their
      respective lawyers, advisers and consultants engaged by them respectively in
      connection

     
      with the transactions contemplated by this Agreement prior to the
      closing.

     

    11.3   Assignment.
      No party will assign this Agreement, or any part of this Agreement, without
      the
      prior written consent of the other party. Any purported assignment without
      the

      
      required consent is not binding or enforceable against any party.

     

    11.4   Enurement.
      This Agreement enures to the benefit of and binds the parties and their
      respective successors and permitted assigns.

     

    11.5   Notice.
      All notices required or permitted to be given under this Agreement will be
      in
      writing and personally delivered to the address of the intended recipient set
      out on the

      
      first page of this Agreement or at such other address as may from time to time
      be notified by any of the parties in the manner provided in this
      Agreement.

     

    11.6   Further
      Assurances. The parties will execute and deliver all further documents
      and take all further action reasonably necessary or appropriate to give effect
      to the provisions

     
      and intent of this Agreement and to complete the transactions contemplated
      by
      this Agreement.

     

    11.7    Remedies
      Cumulative. The rights and remedies under this Agreement are cumulative
      and are in addition to and not in substitution for any other rights and
      remedies  

    available at
      law or
      in equity or otherwise. Any party to this Agreement may terminate this Agreement
      if any other party is in breach of or defaults under any material term or
      condition of this Agreement or has made a material misrepresentation in this
      Agreement. No single or partial exercise by a party of any right or remedy
      precludes or otherwise affects the exercise of any other right or remedy to
      which that party may be entitled.

     

    11.8   Entire
      Agreement. This Agreement constitutes the entire agreement between the
      parties and there are no representations, express or implied, statutory or
      otherwise and no

     
      collateral agreements other than as expressly set out or referred to in this
      Agreement.

     

    11.9   Headings.
      The division of this Agreement into sections and the insertion of headings
      are
      for convenience only and do not form part of this Agreement and not be used
      to

     
      interpret, define or limit the scope, extent or intent of this
      Agreement.

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    11.10   Severability.
      Each provision of this Agreement is severable. If any provisions of this
      Agreement is or becomes illegal, invalid, or unenforceable, the illegality,
      invalidity or 

    unenforceability
      of that provision will not affect the legality, validity or enforceability
      of
      the remaining provisions of this agreement.

     

    11.11   Schedules.
      The schedules attached hereto form an integral part of this
      Agreement.

     

    11.12   Time
      of the
      Essence. Time will be on the essence of this Agreement.

     

    11.13   Counterparts.
      This Agreement and all documents contemplated by or delivered in connection
      with
      this Agreement may be executed and delivered by facsimile or original

    and
      in
      any number of counterparts, and each executed counterpart will be considered
      to
      be an original. All executed counterparts taken together will constitute one
      agreement.

     

     

    IN
      WITNESS WHEREOF the parties have duly executed this Agreement by their
      duly authorized officers effective the first day and year written
      above.

     

    
VENDOR: JAMES LAIRD

     

     

    per:
      /s/
      James Laird

    
      
        

      

    

    Authorized
      Signatory

     

     

    PURCHASER:
      JOHN D BRINER - PRESIDENT & DIRECTOR

     

     

    Per:

    
      

    

    Authorized
      SignatoryExhibit 10.2

    November
      23, 2006

    

    Mr.
      John
      Briner

    Drayton
      Harbor Resources, Inc.

    502
      East
      John Street

    Carson
      City, Nevada 89706

    

    RE: DRAYTON
      HARBOR RESOURCES, INC. - Registration Statement of Form SB-1

    

    Dear
      Sir,

    

    I,
      James
      Laird, of Laird Exploration, have provided geological services for DRAYTON
      HARBOR RESOURCES, INC., a Nevada corporation (the "Company"), in connection
      with
      the preparation of the Geologists Report entitled, SUMMARY REPORT ON THE CANYON
      GOLD COPPER PROPERTY, to be used on the Registration
      Statement on Form SB-1 (the "Registration Statement") to be filed with the
      Securities and Exchange Commission (the "Commission") pursuant to the Securities
      Act of 1933, as amended, relating to the offering of 2,500,000 shares of the
      Company's common stock (the “Shares") by the selling shareholder (the "Selling
      Shareholder") named in the Registration Statement.

    

    I
      consent
      to the use of the geologist report as an exhibit to the Registration Statement
      and further consent to the use of my name wherever appearing in the
      Registration Statement and in any amendment thereto.

    

     

    /s/
      James
      Laird, Laird Exploration Ltd.

    
      
        

      

    
James Laird, Laird Exploration Ltd.

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