Exhibit 10.e
Guyana
County of Demerara
AGREEMENT
BY THIS AGREEMENT made at Georgetown, Demerara, Republic of Guyana, this
4th day of April, 2002, BETWEEN:-
SHEIKH ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ of ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ (▇▇▇▇) ▇▇▇▇ ▇▇▇▇▇ Demerara,
aforesaid (the Licensor).
And
NORTH AMERICAN RESOURCES INCORPORATED LIMITED of 88
C&D Barrack Streets, Kingston, Georgetown, aforesaid (the Licensee).
NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:-
1. In consideration of the Licensee keeping and strictly observing the
several covenants herein contained, the Licensor hereby grants to
the Licensee an exclusive and irrevocable right to enter upon,
prospect and/or work the areas (the Permitted Areas) covered by the
17 Prospecting Permits (Medium Scale) more fully described and set
out in the Schedule hereto (the PPMS') for so long as the Permittee
shall hold the PPMS'.
2. The Licensee hereby covenants not to do or omit to be done anything
upon or within the Permitted Areas whereby all or any of the PPMS'
may be forfeited and/or cancelled by the State of Guyana.
3. The Licensee shall from the date hereof have sole responsibility for
doing or causing to be done anything upon or within the Permitted
Areas which may be required to be done by the Licensor under the
laws of Guyana so as to maintain all or any of the PPMS' in good
standing with the State of Guyana.
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4. The Licensee hereby undertakes to indemnify the Licensor in full and
to hold him harmless against all or any liability of whatsoever type
or description which may accrue to him as a consequence of being the
holder of all or any of the PPMS'.
IN WITNESS WHEREOF the parties have hereunder set their hands on the date
first above written in the presence of the subscribing witnesses hereto.
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The Licensor
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The Licensee
As Witnesses:
1.
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2.
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Schedule
PPMS No.
PPMS/O166/2001
PPMS/0167/2001
PPMS/O168/2001
PPMS/0169/2001
PPMS/O170/2001
PPMS/0171/2001
PPMS/O172/2001
PPMS/O173/2001
PPMS/0174/2001
PPMS/O175/2001
PPMS/0176/2001
PPMS/0177/2001
PPMS/O178/2001
PPMS/0179/2001
PPMS/O180/2001
PPMS/Ol81/2001
PPMS/226/2002
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