Equipment Purchase Agreement and Bill of Sale between Mexus Gold U.S. and Mexus Gold International, Inc.
Contract Categories:
Business Finance
›
Purchase Agreements
Summary
Mexus Gold U.S. and Mexus Gold International, Inc. have entered into an agreement where Mexus Gold U.S. will purchase specific mining equipment from Mexus Gold International, Inc. The purchase price is 40,000,000 restricted shares of Mexus Gold U.S. common stock. The equipment is sold "as is, where is," with no warranties. The agreement is governed by Nevada law and is binding on both parties and their successors.
EX-10.1 2 ex101.htm EX 10.1 ex101.htm
Exhibit 10.1
EQUIPMENT PURCHASE AGREEMENT AND BILL OF SALE
This Agreement made this 1st day of December, 2009 by and between Mexus Gold U.S. and Mexus Gold International, Inc. Whereas Mexus gold International, Inc. owns certain equipment and wishes to sell the equipment to Mexus Gold U.S. and Mexus Gold U.S. wishes to buy the equipment for the consideration and on the terms and conditions set forth in this agreement.
In consideration of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Mexus Gold U.S. and Mexus Gold International, Inc. agree as follows:
| 1. | Mexus Gold U.S. agrees to purchase from Mexus Gold International, Inc. and Mexus Gold International, Inc. agrees to sell to Mexus Gold U.S. the mining equipment described as follows: |
| Equipment | Serial Number | Price | Shares | |||
| Komatsu Dozer Drill | 2NKCLL9X7FM327785 | $40,000 | 4,000,000 | |||
| Cone | CONEP282S11709 | $220,000 | 22,000,000 | |||
| Jaw Crusher | JAW P12X361209 | $80,000 | 8,000,000 | |||
| Serge Tank | PSTF96144 | $30,000 | 3,000,000 | |||
| Hydraulic Drum | HYDS12YD | $30,000 | 3,000,000 | |||
| 40,000,000 |
| 2. | The purchase price payable by Mexus Gold U.S. for the mining equipment shall be as set forth in paragraph No. 1 above and shall be paid with 40,000,000 restricted shares of common stock of Mexus Gold U.S. |
| 3. | Mexus Gold International, Inc. grants, bargains, sells, assigns, transfers, conveys, and sets over to Mexus Gold U.S. the equipment described in Paragraph No. 1 above, without warranties whatsoever and Mexus Gold U.S. accepts the equipment in an “as is, where is” condition. |
| 4. | This Agreement constitutes the entire agreement between Mexus Gold U.S. and Mexus Gold International, Inc. and except as herein stated and in the instruments and documents to be executed and delivered pursuant hereto, contains all of the representations and warranties of the respective parties. There are no oral representations or warranties of any kind or nature between Mexus Gold U.S. and Mexus Gold International, Inc. |
| 5. | This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada and shall enure to the benefit of and be binding on the parties hereto and their respective successors and assigns. |
In Witness whereof the parties hereto have executed this Agreement as of the date first above mentioned.
| Mexus Gold U.S. /s/ Paul D. Thompson ____________________________________ Paul D. Thompson President | Mexus Gold International, Inc. /s/ Paul D. Thompson ______________________________________ Paul D. Thompson President |
