EXHIBIT 10.62
 
On the month of May of the year 2011 this present JOINT VENTURE CONTRACT is
established for the EXPLORATION, EXPLOITATION AND MINERAL TRADE celebrated on
one hand by Mr. HERIBERTO MENDOZA MARTÍNES who henceforth will be known as “the
ASSOCIATE” represented in this act by Mr. Marcelino Anguiano Garibay in his
personality as Legal Proxy, fact he accredits through Public Writing number
17,602 before testimony of Mr. Raúl Oscar Gordillo Lozano, Title Holder of
Notary Public number 1 of this demarcation and same that has not been revoked to
date; and on the other hand, the corporation AMERICAN METAL MINING, S. A. DE C.
V., that henceforth will be known as “the ASSOCIATING PARTNER” , represented in
this act by its Legal Proxy Mr. Ramiro Trevizo Ledezma, same persons who extend
the following Declarations and Clauses:

DECLARATIONS

I) THE ASSOCIATE through its Proxy, who accredits him by Public Writing number
17,602 before testimony of Raúl Oscar Gordillo Lozano, Title Holder of Notary
Public number 1 of this demarcation and same that has not been revoked to date,
likewise state to be registered in Secretary of Income Tax and Public Credit
with Federal Taxpayers Registry number NEHM 740107 FN3 and to be current in all
of his fiscal obligations and his fiscal address to be Calle Pedro Núñez number
280, of Colonia Abelardo L. Rodríguez, locality of of Santiago of the
Municipality of Manzanillo, Colima, states to be the owner of the claim or of
the future claim to be called “Tania”, located in the Pedro Núñez Ejido within
the Municipality of Manzanillo, State of Colima, and with file number 102/00407,
same that is added to this present contract as appendix “A” in which the surface
is included, the measures, limits and coordinates:

Name
TANIA
File
102/00407
Surface
3,233-01-47 Hectares
Location
Manzanillo, Colima

 
 
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(Large portion of text is missing)

… Mexican just as is evinced in Public Writing number 17,227 granted on the 4th
December 2006 before testimony of Mr. Eugenio Fernando García Russek, applicant
to the Exercise of Notary Public and ascribed to Public Notary number 28 of the
Morelos Judicial District, State of Chihuahua and acting per license of the
office’s title holder Felipe Colomo Castro, Attorney at law and instrument that
was duly inscribed in the Public Registry of Property and Commerce f said
district under electronic mercantile folio number 23,327*10 as of the 22nd
December 2006, and reason why he enjoys the personality and necessary as well as
sufficient capacity to intervene in this present judicial act, being its
economic activity the exploration, opening, exploitation and trade of all kinds
of metals and non metallic
(minerals)---------------------------------------------------------------------------------------

III. The ASSOCIATING PARTY continues to state that he enjoys the necessary
mandates, faculties and powers in order to subscribe this present contract in
representation of AMERICAN METAL MINING, S. A. DE C. V., as evidence of such is
given in the document of the foregone numeral, and same that have not been
restrained, limited, suspended or revoked to
date---------------------------------------------------------------------------

CLAUSES

FIRST: The ASSOCIATE contributes in an exclusive manner the claim or future
concession to be named “Tania” for exploration, exploitation and trade purposes
of the minerals in favor of the ASSICIATING
PARTY----------------------------------------------------

SECOND: The ASSICIATING PARTY obliges himself to carry out the paper work for
the obtainment of the necessary permits for exploring, exploiting and trade of
the claim or future concession to be named
“Tania”---------------------------------------------------------------

THIRD: The ASSOCIATE commits itself jointly with the ASSOCIATING PARTY to deal
with the “Ejido” and before the legitimate holders of the land where the claim
is located or the future concession “Tania”, and to negotiate in a collective
manner the contributions that have to be carried out in order to undergo
exploration, exploitation and trade of (line skip of text) … within a time terms
not to exceed 120 natural days as of the obtainment of the Concession Titles
issued by the Secretary of the Economy as otherwise, the contract will be
cancelled automatically without the need of a judicial or extra judicial
notification-----------
 
 
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FIFTH: The ASSOCIATING PARTY will be the only entity in charge of exploring,
exploiting, haulage and trade of all kinds of minerals and non metallic
(minerals) extracting from exploiting the mine and at the claim or future
concession to be named “Tania”.---------

SIXTH: The ASSOCIATING PARTY commits itself to hold in inside yard a total o
3,000 (three thousand tons) as a guarantee of payment for mineral exported to
outside yards-------

SEVENTH: The ASSOCIATING PARTY will be the only entity authorized to chose and
contract personnel to work at claim or at future concession to be named
“Tania”--------------

EIGHTH— DURATION: The duration of this present contract will hold for as long as
the extraction and trade of 6’000,000 (six million tons) of finished product and
its trade lasts, and can be automatically extended at every 6’000,000 tons
arrived at until the expiration of the title of this future concession; this
contractual obligation will be optional for the ASSOCIATING PARTY and obligatory
for the ASSOCIATE who, during the duration of this present contract will not be
able to sell, rent, transfer or carry out any negotiation regarding the claim or
mining concession named “Tania” under file number 102/00407 and on a surface of
3,233-01-47
Hectares------------------------------------------------------------------
 
 
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NINTH—PRICE: Both PARTIES agree that the first 500,000 tons of mineral extracted
from the claim or from the future concession “Tania”, will commit the
ASSOCIATING PARTY to extend in favor of the ASSOCIATE an amount of $6.00 (six
Dollars) per ton and that once this amount of mineral is taken out from
underground, the ASSOCIATING PARTY will pay to the ASSOCIATE $7.00 (seven
Dollars) per ton. The ASSOCIATE authorizes the ASSOCIATING PARTY to carry out
payments into account number 322271724 40031279025 of the banking institution
(line skip) … amount and will do so in the following manner: A) $50,000.00
Dollars (fifty thousand Dollars) as of the signature oft his present instrument;
B) the balance of $50,000.00 Dollars (fifty thousand Dollars) will be covered by
the ASSOCIATING PARTY in three partial payments of $16,666.66 Dollars, Added Tax
included on the date line of each 3rd (third) day of the months of June, July
and August of this present year having previously obtained the corresponding
invoice on the part of the ASSOCIATE in order to carry out the corresponding
payments on the stated date; C) Of each shipment as of the fourth shipment, the
ASSOCIATING PARTY will discount 15 % (fifteen per cent) of each ton until the
mentioned advanced if covered as described in the Tenth
Clause--------------------------------------------------------------------------
 
Subsections A) and B) The official fiscal voucher for the totality of the amount
expended will be issued and delivered by the ASSOCIATE, who is duly inscribed in
the (SAT—Tax Administration System) with Federal Taxpayers Registry number MEH
740107 FN3 to the ASSOCIATING PARTY prior to each of the payments in order to
carry out the corresponding
expenditures-----------------------------------------------------------------------------

ELEVENTH: The ASSOCIATING PARTY commits himself to carry out payments for
material extracted and traded upon a volume base of 10,000 (ten thousand tons)
which must have their weight and quality certificates before
shipment-----------------------------------------

TWELFTH: The ASSOCIATE, in this act, grants to the ASSOCIATING PARTY 15 natural
days of grace in order for him to make up for the partial payments established
in the foregoing
clause------------------------------------------------------------------------------------------

THIRTEENTH: During the duration of this present contract the ASSOCIATE commits
itself to pay to the ASSOCIATING PARTY a conventional penalty equivalent to
2’500,000.00 (two million and five hundred thousand American Dollars) in case of
transgression, violation or non compliance to any of the clauses
herein-------------------------

FOURTEENTH— ADDRESSES AND CONTACT TELEPHONES: PARTIES convene that for anything
referring with the execution and compliance with the terms and conditions of
this present instrument, as well as to carry out announcements, notifications
and (Text skip)
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Heriberto Mendoza Martínez
Calle Pedro Núñez number 280
Col. Abelardo L. Rodríguez
Localidad Santiago
Manzanillo, Colima
Private Phone: 314 335 1727
American Metal Mining, S. A. de C. V.
Calle California number 5101 Int. 206
Col. Haciendas de Santa Fe
Chihuahua, Chihuahua C. P. 31215
Office Phone: 614 200 8482–84
Cel. Phone: 614 196 1023

FIFTEENTH— APPLICABLE LAW: This present instrument Hill abide and Hill be
interpreted in conformity with the Minino Law, its Rulings and the Federal Civil
Code, among other aplicable and current legal dispositions within the United
Status of Mexico----

SIXTEENTH—JURISDICTION: In case any controversy may arise related with the
validity, intention, interpretation, execution or compliance to this contract,
PARTIES agree expressly to submit same before the competent courts of law of the
Morelos Judicial District, State of Chihuahua and renouncing as of this moment
to any other jurisdiction that might correspond to them by reason of their
present or future domiciles or by any other
reason------------------------------------------------------------------------------------------------------

The above having been read to the appearing parties and these in the knowledge
of its worth, reach and legal consequences, stated their conformity to its
content and sign it as proof thereof in the City of Manzanillo, Colima on the
3rd day of the month of May of this
year------------------------------------------------------------------------------------------------

 
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THE ASSOCIATE
 
HERIBERTO MENDOZA MARTÍNEZ
Represented by his
LEGAL PROXY
MARCELINO ANGUIANO GARIBAY
THE ASSOCIATING PARTY
 
AMERICAN METAL MINING
S. A. DE C. V.
Represented by its Proxy:
MR. RAMIRO TREVIZO LEDEZMA

WITNESSES

ENRIQUE FERNÁNDEZ IBAÑEZ
 
ATTORNEY AT LAW
FRANCISCO JAVIER
 
PEDROZA IBARRA

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CERTIFICATION

That the signatures written at the bottom of this present contract are authentic
and belong to Messrs., Ramiro Trevizo Ledezma and Marcelino Anguiano Garibay as
they were placed in my presence and who stated to be the same they use in all of
their activities both public and
private--------------------------------------------------------------------

I, Public Notary certify and so give faith that: I know the appearing parties
who in my judgment enjoy the civil capacity to contract and oblige themselves as
per law-----------

Reason of the above was taken in the Certifications Book of this Notary Public
in my charge in the city and port of Manzanillo, Colima on the 3rd day of the
month of May of the year 2011. I SO GIVE
FAITH----------------------------------------------------------------

THE ASSOCIATE
 
 
HERIBERTO MENDOZA MARTÍNEZ
Represented by his
LEGAL PROXY
MARCELINO ANGUIANO GARIBAY
THE ASSOCIATING PARTY
 
 
AMERICAN METAL MINING,
S. A. DE C. V.
Represented by its Legal Proxy
RAMIRO TREVIZO LEDEZMA

WITNESSES

ENRIQUE FERNÁNDEZ IBÁÑEZ
ATTORNEY AT LAW
FRANCISCO JAVIER
PEDROZA IBARRA

BEFORE ME
RENÉ MANUEL TORTOLERO SANTILLANA
TITLE HOLDER OF PUBLIC NOTARY NUMBER 4
MANZANILLO, COLIMA
 
 
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There follow identification Federal Voters Institute Cards of Messrs:

Marcelino Anguiano Garibay
 
(Certified by Notary)
Francisco Pedroza Ibarra
 
(Certified by Notary)
Enrique Fernández Ibáñex
 
(Certified by Notary)
Ramiro Trevizo Ledezma
 
(Certified by Notary)

End of document: Seal of the Public Notary René Manuel Tortolero Santillana as
testimonial of faith to this document-

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