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AGREEMENT FOR EXTENSION OF DEFAULT
 

 
To:  Mid Americas Corp.

Swingplane Ventures, Inc. (the “Optionees”)

Carlos De la Torre, President

 
From:
Gunter Stromberger
 
Elsa Dorila Duarte Horta
  AND SLM ROBLE 5 UNO DE SIERRA ALGARROBO; SLM ROBLE SA UNO DE SIERRA ALGARROBO;
SLM ROBLE 5B UNO DE SIERRA ALGARROBO; SLM ROBLE 5C UNO DE SIERRA ALGARROBO; SLM
ROBLE 2 UNO DE SIERRA ALGARROBO; SLM ROBLE 2A UNO DE SIERRA ALGARROBO; SLM ROBLE
2B UNO DE SIERRA ALGARROBO; SLM ROBLE 3 UNO DE SIERRA ALGARROBO; SLM ROBLE 4 UNO
DE SIERRA ALGARROBO; SLM ROBLE 4A UNO DE SIERRA ALGARROBO; and SLM ROBLE 4B UNO
DE SIERRA ALGARROBO each of the above a Sociedad Legal Minera duly incorporated
and existing under the laws of Chile and represented herein by Gunter
Stromberger and Elsa Dorila Duarte Horta and each having their address at Yerbas
Buenas 460, Piso 2 Copiap6, Chile. (the "SLMs")

 
Gentlemen:

 
Please be advised that pursuant to our NOTICE OF DEFAULT given to you on May 13,
2013, we are prepared to extend the deadline for curing the defaults outlined in
the above mentioned notice, to July 1, 2013.   This extension is  subject to
Swingplane Ventures, Inc. providing funds to pay directly to the Chilean
Tesoreria  the total annual 2013 PATENTES (claims maintenance fees) on our
Properties that are subject to the option agreement, prior to June 15, 2013 of
approximately 55,000 USD.
 
We further hereby confirm our mutual understanding that we are agreeable to
evaluate Swingplane’s proposal to renegotiate the existing Option Agreements and
the amendements thereto at such time as the Optionees, in attendance with
potential joint venture partners, attend at the property on or about June 7,
2013.
 
May 27, 2013, Copiapo, Atacama, Chile
 

 
“Gunter
Stromberger”                                                                       “Else
Duarte Horta”
__________________                                                                     _________________________
 
Gunter
Stromberger                                                                             Elsa
Dorila Duarte Horta
 

 
 

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