EX-10.1
from 8-K
4 pages
This Agreement Dated for Reference the 10th Day of February, 2009 Between: General Metals Corporation (Herein Collectively "Company") And: Nevada Agency & Trust Company (Herein "Creditor") Whereas: A. the Creditor Is the Registrar and Transfer Agent (The “Services”) for the Company; B. Pursuant to the Provision of the Services and as of January 31, 2009, the Company Is Indebted to the Creditor in the Amount of $3,399.18 (The “Outstanding Amount”); C. the Company Wishes to Provide the Creditor With a Retainer Through the Issuance of 500,000 Restricted Shares of the Company’s Common Stock (The “Settlement Shares”); D. the Company and the Creditor Understand That at the Time of Sale of the Settlement Shares, the Proceeds Received From the Sale of the Settlement Shares (The “Proceeds”) Will Be Applied to the Then Outstanding Amount Owed to the Creditor (“Current Amount”); Now Therefore, in Consideration of the Mutual Covenants and Agreements Herein Contained and Other Good and Valuable Consideration (The Receipt and Sufficiency of Which Are Hereby Acknowledged), the Parties Covenant and Agree as Follows: 1. Within Ten (10) Days of Executing This Agreement, the Company Will Issue to the Creditor the Settlement Shares as a Retainer for the Provision of the Services. 2. the Issuance of the Settlement Shares Shall Be Effective as of January 31, 2009. 3
12/34/56