STRATEGIC ALLIANCE AGREEMENTStrategic Alliance Agreement |
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TLC VENTURES CORP | Orogen Holding (BVI) Limited | Craig Nelsen,. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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EXHIBIT 4.5
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TLC VENTURES CORP.
700 - 900 West Hastings Street, Vancouver, BC, V6C 1E5
Fax: 604-687-3912
December 11, 2003
Orogen Holding (BVI) Limited
c/o Gold Fields Exploration Inc.
6400 S Fiddlers Green Circle
Englewood, CO 80111
USA
Fax: +1(303)796-8683
Attention: Craig Nelsen, Director
Dear Craig:
STRATEGIC ALLIANCE AGREEMENT
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For good and valuable consideration, we provide this letter to confirm the terms
and conditions agreed to in respect of our strategic relationship (the
"Strategic Alliance"). By signing this letter the parties are confirming that
they have entered into a binding agreement (the "Agreement") on the terms and
conditions contained herein.
DEFINITIONS
In this Agreement:
"Non-Strategic Project" means any Project (as defined below) owned or held by
the mineral exploration subsidiary of Gold Fields Limited, Orogen Holding (BVI)
Limited ("Orogen"), or any subsidiaries of Orogen (collectively with Orogen,
"Gold Fields"), that in its sole discretion it intends to dispose of to a third
party in an arms' length transaction but specifically excludes Projects the
holding of which or transacting upon Gold Fields in its sole discretion deems to
be strategic to its business or that through other contractual agreements it is
required to offer to other parties as part of previous agreements.
"Project" means any portion of a party's interest in, or rights to acquire an
interest in, mineral concessions in any location.
"Project Data" means all information of all types and descriptions whatsoever
and in whatever storage medium over which the party has possession or control
and which may be provided to another party without violating any terms or
conditions of any agreements, orders or instruments by which they are bound
insofar as the same relates to a Project, including, but not limited to the
following: (a) all maps, surveys, test results, samples and sampling results,
reports, interpretations, studies, analyses, feasibility studies, and all other
information and data derived by or on behalf of the Project owner in the course
of exploration or other activities or operations on or in connection with the
Project, and (b) all business files, records and information relating to the
Project.
RIGHT OF FIRST REVIEW
Should TLC Ventures Corp. or any of its subsidiaries (collectively, the
"Company") intend to transfer, assign, option or joint venture a Project owned
or controlled by the Company to an arms' length third party directly or
indirectly, Gold Fields shall have an exclusive right of first review of the
Project Data. The Company will give Gold Fields written notice of its intention
to offer a Project for transfer, assignment, option or joint venture. Within 5
business days of receipt of the notice, Gold Fields may execute and deliver to
the Company a confidentiality agreement in form reasonably acceptable to the
parties and will then have the exclusive right to review all Project Data for a
10-business day period, after which the Company may contact other potential
transferees, assignees, optionees or joint
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venture partners. The 10-business day review period will be deemed to have
started on the business day that the Project Data is received by Gold Fields.
The Company will not (a) make known to any third party its intention to
transfer, assign, option or joint venture a Project; or (b) make any Project
Data available to any such third party until the 10-business day period has
elapsed.
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