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Case 14-33427 Doc 256 Filed 12/14/15 Entered 12/14/15 15:37:17 Desc Main <br />Document Page 6 of 17 <br />AGREEMENT <br />December 14, 2015 <br />Federal Resources Corporation, Camp Bird Colorado, Inc., Richard Ciardo <br />Federal Resources Corporation and Camp Bird Colorado, Inc. (collectively, the <br />"Debtors") enter into this agreement (the "Agreement") with Richard Ciardo (the "Purchaser") <br />for the proposed sale of certain personal property located at the Camp Bird mine site near Ouray, <br />Colorado, and for other purposes set forth below. <br />No legally binding obligation of any party will arise unless and until this Agreement <br />is approved by the Bankruptcy Court in an enforceable order entered by the Bankruptcy <br />Court after appropriate notice to the Debtors creditors and parties in interest. <br />FRC: Federal Resources Corporation <br />CBCI: Camp Bird Colorado, Inc. <br />Debtors: Collectively, FRC and CBCI <br />Purchaser: Richard Ciardo, or his designee, provided, however, <br />that any such designee to whom title is to be <br />transferred by the Debtors must be identified by the <br />Mr. Ciardo prior to the auction described below. <br />Bankruptcy Court: <br />Personal Property: <br />Effective Date: <br />28336488 <br />The United States Bankruptcy Court for the District of <br />Utah, Central Division, in jointly administered <br />proceedings under Chapter 11, Bankruptcy No. 14- <br />33427. <br />The equipment and inventory located at the Camp Bird <br />mine site owned by CBCT as identified on Schedule l <br />attached hereto. This sale expressly excludes all (a) <br />plans, maps, permits and other business records, (b) <br />ornamental personal property of no practical <br />commercial value, and (b) core, mineral and tailings <br />samples, and the containers in which they are stored, <br />of CBCI, FRC, or Camp Bird Transportation, Mine, <br />Tunnel and Mine Company (collectively, "Business <br />Records") that may be located at the Camp Bird mine <br />site. <br />The Effective Date shall mean the date of the entry of <br />a final, enforceable order of the Bankruptcy Court <br />approving this Agreement and the sale provided for <br />herein that is not subject to an effective stay. <br />