BILL OF SALE
EX-10.70 3 exh10_70.htm BILL OF SALE exh10_70.htm
Exhibit 10.70
BILL OF SALE
FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby expressly acknowledged, TITAN IRON ORE CORP., a Nevada corporation located at 125 E Campbell Ave, Campbell CA 95008 (“Titan”) hereby assigns, transfers and conveys to and WYOMEX LIMITED LIABILITY COMPANY, a Wyoming limited liability company located at P.O. Box 185 Cheyenne, Wyoming 82003-0185 (“Wyomex”), all of Titan’s right, title and interest in and to, any and all personal property located on or associated with the real property described on Exhibit A (“Real Property”), including but not limited to (i) certain unpatented lode mining claims listed on Exhibit B (the “Unpatented Mining Claims”); (ii) any and all personal property acquired for installation or use in connection with the Real Property, wherever located; (iii) any and all of Titan’s rights under contracts or other arrangements to acquire personal property for installation or use in connection with the Real Property; and (iv) any and all improvements and fixtures and appurtenances used in connection with the Real Property, including any stockpiled ore, rights of way, easements and all mining and mineral rights associated therewith (collectively, the “Property”).
Wyomex further covenants and agrees to indemnify and hold harmless Titan for, from and against any actions, suits, claims, and all costs and expenses asserted against or incurred by Titan in connection therewith, based upon or arising in connection with the Property occurring from and after the Effective Date. Titan covenants and agrees to indemnify and hold harmless Wyomex for, from and against any actions, suits, claims, and all costs and expenses asserted against or incurred by Wyomex in connection with the Property occurring between March 30, 2012 and the Effective Date.
The parties hereto agree that after the date hereof, they shall take any and all actions necessary to preserve and give effect to the agreements set forth herein and will not take any action or agree to take any action in contravention thereof. In addition to, and in no way limiting the foregoing, from and after the Effective Date, Wyomex shall use best efforts and cooperate with Titan to have the Property assigned and transferred from Titan to Wyomex.
The provisions of this Bill of Sale shall be binding upon, and shall inure to the benefit of, the successors and assigns of both parties.
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IN WITNESS WHEREOF, Titan has executed this Bill of Sale as of May 7, 2014.
TITAN IRON ORE CORP., a Nevada corporation | |||
| By: | /s/ Frank Garcia | |
Name: Frank Garcia | |||
Title: CFO | |||
Exhibit A
Real Property
The Real Property located in Albany County, Wyoming:
1. | Leased Real Property: |
Southwest Quarter of Section 22, Township 19 North, Range 71 West, 6th Principal Meridian, Albany County, Wyoming.
2. | Unpatented Mining Claims Property: |
An unorganized mining district in Sections 14 and 24, Township 19 North, Range 72 West, 6th Principal Meridian, Albany County, Wyoming, recorded in the Albany County Recorder and the authorized office of the Bureau of Land Management.
Exhibit B
Unpatented Mining Claims
The Unpatented Mining Claims consist of those certain unpatented lode mining claims situated in an unorganized mining district in Sections 14 and 24, Township 19 North, Range 72 West, 6th Principal Meridian, Albany County, Wyoming, recorded in the Albany County Recorder and the authorized office of the Bureau of Land Management as follows:
Claim Name | Location Date | County Book | Records Page | BLM Serial # W MC & Location |
VAN NO. 1 | 10-12-1976 | 256 | 946 | 127756 SW¼ Sec. 24 |
VAN NO. 2 | 10-12-1976 | 256 | 947 | 127757 SW¼ Sec. 24 |
VAN NO.3 | 10-12-1976 | 256 | 948 | 127758 SW¼ Sec. 24 |
VAN NO. 4 | 10-12-1976 | 256 | 949 | 127759 SW¼ Sec. 24 |
VAN NO. 5 | 10-12-1976 | 256 | 950 | 127760 SW¼ Sec. 24 |
VAN NO. 6 | 10-12-1976 | 256 | 951 | 127761 SW¼ Sec. 24 |
VAN NO. 7 | 10-12-1976 | 256 | 952 | 127762 SW¼ Sec. 24 |
VAN NO. 8 | 10-12-1976 | 256 | 953 | 127763 SW¼ Sec. 24 |
VAN NO. 9 | 10-12-1976 | 256 | 954 | 127764 SW¼ Sec. 24 |
VAN NO. 10 | 10-12-1976 | 256 | 955 | 127765 SW¼ Sec. 24 |
VAN NO. 11 | 10-12-1976 | 256 | 956 | 127766 SW¼ Sec. 24 |
VAN NO. 12 | 10-12-1976 | 256 | 957 | 127767 SE¼ Sec. 24 |
TI NO. 15 | 10-12-1976 | 256 | 993 | 127744 NW¼ Sec. 14 |
TI NO. 16 | 10-12-1976 | 256 | 993 | 127745 NE¼ Sec. 14 |
Document Number | ||||
VAN 13 | 07-17-2005 | 2005-6333 | 268116 SE¼ Sec. 24 | |
VAN 14 | 07-17-2005 | 2005-6334 | 268117 SE¼ Sec. 24 | |
VAN 15 | 07-17-2005 | 2005-6335 | 268118 ½ Sec. 24 | |
VAN 16 | 07-17-2005 | 2005-6336 | 268119 ½ Sec. 24 | |
VAN 17 | 07-17-2005 | 2005-6337 | 268120 NW¼ Sec 24 | |
VAN 18 | 07-17-2005 | 2005-6338 | 268121 NW¼ Sec 24 | |
VAN 19 | 07-17-2005 | 2005-6339 | 268122 NW¼ Sec 24 | |
VAN 20 | 07-17-2005 | 2005-6340 | 268123 NW¼ Sec 24 | |
VAN 21 | 07-17-2005 | 2005-6341 | 268124 NW¼ Sec 24 | |
VAN 22 | 07-17-2005 | 2005-6342 | 268125 NW¼ Sec 24 | |
VAN 22 | 07-17-2005 | 2005-6343 | 268126 NE¼ Sec 24 | |
VAN 24 | 07-17-2005 | 2005-6344 | 268127 NE¼ Sec 24 |
Note: The VAN Nos. 1-12 are included within Mineral Survey No. 605.