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Document Preview Mineral Property Purchase and Sale Agreement |
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Title: |
Mineral Property Purchase and Sale Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
14KB total |
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Price: |
$40 |
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ID: |
#2315164 |
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MINERAL PROPERTY
PURCHASE AND SALE AGREEMENT
BETWEEN
NILAM RESOURCES INC.
AND
PATRICIA SHORE
Dated as of the 1st day of March 2006.
PURCHASE AND SALE AGREEMENT
THIS AGREEMENT made as of the 1st day of March, 2006
AMONG:
NILAM RESOURCES INC., a company existing under the laws of the State of Nevada and having its head office at #503- 2 Camden St. Toronto, Ontario, Canada, M5V-1V1 (Nilam)
AND:
PATRICIA SHORE., an individual residing and doing business at #818- 470 Granville St. Vancouver, British Columbia, Canada V6C-1V5 (the Vendor)
WHEREAS:
| A. |
The Vendor holds, directly or indirectly, interests in certain mineral exploration claims located in the province of British Columbia; |
| B. |
The Vendor wishes to sell and Nilam wishes to purchase a 100% interest in the Property on the terms and conditions contained in this Agreement. |
In consideration of the premises, covenants and agreements contained in this Agreement, the parties covenant and agree each with the other as follows:
1. INTERPRETATION
1.1 Definitions
For the purposes of this Agreement and the recitals in and Schedule to this Agreement, unless the context otherwise requires, the following words and phrases will have the meanings indicated below:
| (a) |
Agreement means this Agreement including the recitals and Schedule hereto, which are incorporated by this reference, as amended and supplemented; | |
| (b) |
Property means the mineral exploration claims located in the Province of British Columbia, Canada and listed in Schedule 1 hereto; | |
| (c) |
Purchase Price means the $3,000, US Dollars, purchase price for the Property as contemplated in this Agreement; | |
| (d) |
The Vendor means Patricia Shore, an individual residing in the Province of British Columbia, Canada. | |
| (e) |
Nilam means Nilam Resources Inc., a company incorporated and existing under the laws of Nevada; |
1.2 Interpretation
In this Agreement, except as otherwise expressed or provided or as the context otherwise requires:
| (a) |
the headings and captions are provided for convenience only and will not form a part of this Agreement, and will not be used to interpret, define or limit the scope, extent or intent of this Agreement or any of its provisions; and | |
| (b) |
a reference to time or date is to the local time or date in Toronto, Ontario, Canada, unless specifically indicated otherwise; |
1.3 Amendment
No amendment, waiver, termination or variation of the terms, conditions, warranties, covenants, agreements and undertakings set out herein will be of any force or effect unless the same is reduced to writing duly executed by all parties hereto in the same manner and with the same formality as this Agreement is executed.
1.4 Waiver
No waiver of any of the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar) and no waiver will constitute a continuing waiver unless otherwise expressly provided.
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