Assignment of Claim Agreement between Palayan Resources, Inc. and Verdasco Enterprises (June 20, 2013)

Summary

Palayan Resources, Inc. and Verdasco Enterprises have entered into an agreement where Verdasco Enterprises assigns all its rights, title, and interest in the Palayan Gold Claim (Parcel identifier 217-119-862) to Palayan Resources. In exchange, Palayan Resources pays Verdasco Enterprises $5,000 and other consideration. The agreement is effective as of June 20, 2013, and is signed by authorized representatives of both parties.

EX-10.1 6 exhibit10-1.htm EXHIBIT 10.1 Palayan Resources, Inc. - Exhibit 10.1 - Filed by newsfilecorp.com

ASSIGNMENT OF CLAIM

KNOW ALL MEN BY THESE PRESENTS that the undersigned, the authorized signatory for Palayan Resources of the United States of America and Verdasco Enterprises of the Republic of the Philippines, in consideration of the sum of FIVE THOUSAND DOLLARS($5,000.00), and other good and valuable consideration paid to Verdasco Enterprises, of the Republic of the Philippines, the receipt of which sum the undersigned hereby acknowledges, hereby do each for himself, itself, and each of their respective heirs, successors, personal representatives, executors and assigns, assign to Palayan Resources., its successors and assigns all of our respective rights, titles and interests in and to the Palayan Gold Claim. Parcel identifier 217-119-862.

IN WITNESS,	Per:

		Larry Tan - Palayan Resources

		Robert Samonte Verdasco Enterprises

DATED THIS 20^TH DAY OF JUNE, 2013