DONATION OF MINING ASSETS CONTRACT CELEBRATED BY A) CORPORACIÓN AMERMIN, S. A.
DE C. V., REPRESENTED IN THIS ACT BY RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY
AS LEGAL REPRESENTATIVE AS WELL AS BY RAMIRO TREVIZO LEDEZMA, REPRESENTED IN
THIS ACT BY RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS GENERAL PROXY (THE
DONORS) AND BY B) EMILIO ACUÑA PERALTA, REPRESENTED IN THIS ACT BY CONRADO ACUÑA
ARANDA IN HIS PERSONALITY AS GENERAL PROXY (THE ASSIGNEE), JOINTLY NAMED THE
“PARTIES”, IN ACCORDANCE WITH THE FOLLOWING DECLARATIONS AND CLAUSES:

DECLARATIONS

I.

Corporación Amermin, S. A. de C. V., through the offices of its legal
representative and under oath of stating the truth, declares, that:

1. It is a Mexican mercantile Society, specifically a Stock Company with

Varying Amount of Capital, duly established and operating in agreement   with he
applicable and legal dispositions in the United States of Mexico as per the
prescriptions 10 and 11 of the Mining Law, among other applicable and current
legal dispositions and evinced in Public Writ number 9,311 granted on the 9th
August 1995   before testimony of Mr. José R. Miller Hermosillo, Notary Public
number 2 of the Morelos Judicial District and instrument that was duly inscribed
in the Public Registry of Commerce of said judicial district under electronic
mercantile folio 23,391*10 as of the 29th January 2007, and reason by which he
enjoys the required personality to subscribe this present agreement.

2. Its representative enjoys with the mandates, powers and necessary and
sufficient faculties to subscribe this present agreement, as proof of such is
given in Public Writ number 22,503, granted on the 12th  of June 2008 before
testimony of Mrs. Elsa Ordóñez Ordóñez, applicant to the exercise of Public
Notary and ascribed to Notary Public number 28 of the Morelos Judicial District,
State of Chihuahua and acting as Notary Public per license of its Title Holder
Mr. Felipe Colomo Castro, Attorney, and instrument that was duly inscribed in
the Public Registry of Commerce of   said judicial district under electronic
mercantile folio number 23,391*10 and same that to date have not been
restrained, limited, suspended or revoked, and reason by which he enjoys the
required capacity to sign this agreement.

3. It is duly inscribed in the Federal Taxpayers Registry with identification
certificate number CAM-950810-K77, and being current to date in its income tax
payments and other contributions that have corresponded conforming to the
applicable and current fiscal legislation;

4. He is the owner of 97% (ninety seven per cent) of the ownership rights of the
goods described in detail in the inventory attached to this present writing as
Annex I (the ASSET);

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5. Assets are free of burden, attachment and limitation in ownership of any kind
and reason why it is possible to make use of same as may be agreed, either
partially or in total;

6. The availability of the property rights of ownership of ASSETS under the
terms of this present instrument does not imply any non compliance whatsoever
with engagements committed to previously on the part of the company;

7. The Administration Board has authorized the celebration of this instrument as
it is viable with the ends of the social object of said corporation, and;

8. It is the will of its Administration Board to subscribe this present
agreement with the purpose of donating in favor of the ASSIGNEE the title
holding on the property it holds on the ASSETS in the corresponding percentage
as has been indicated, heeding in every instance to the terms and conditions of
this instrument.

 

II.

Ramiro Trevizo Ledezma through the offices of his general proxy and under oath
of stating the truth, declares, that:

1.To be a Mexican citizen, of age in complete use of his mental and physical
faculties, as well as enabled to exercise trade and all kinds of mercantile
operations and reason by which he enjoys the necessary and sufficient
personality to intervene in this present judicial act.

2. His General Proxy enjoys the faculties, powers, and the sufficient and
necessary mandates to subscribe this present agreement as is evinced in Public
Writ number 23,617, granted on the 25th April 2009 before the testimony of Mrs.
Elsa Ordóñez Ordóñez, Attorney, and applicant to the exercise of Public Notary,
ascribed to Public Notary number 28 of the Morelos Judicial District. State of
Chihuahua, and acting as Notary Public per license of the offices Title Holder,
Mr. Felipe Colomo Castro, Attorney, and same that have not been limited,
restrained, suspender not revoked to date, reason by which he has the capacity
and representation to subscribe this agreement;

3. Is duly inscribed in the Federal Taxpayers Registry under certificate number
TELR-560904-R47 and is to date current in his income tax payments and other
contributions that might have corresponded to him in conformity with the
applicable and current fiscal legislation.

4. He is the title holder of the remaining 3% (three per cent) of the property
rights on the ASSETS.

5. The ASSETS are free of any burden, attachment or limitation in ownership of
any kind and that is why it is legally possible to make use of same as can be
agreed, partially or in total.

6. It is his free will to subscribe this present agreement with the purpose of
transferring in favor of the ASSIGNEE the title holding of the property rights
he

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holds on the ASSETS in the corresponding percentage as indicated, heeding in
every instance to the terms and conditions of this instrument.

III. The ASSIGNEE declares per his own right and under oath of stating the
truth, that:

1. He is a Mexican citizen, of age, to be in full possession of his mental and
physical faculties  as well as enabled to engage in commerce and in any other
mercantile operation and reason by which he enjoys the sufficient and necessary
capacity to intervene in this present judicial act;

2. His General Proxy enjoys the mandates, powers and required faculties to
subscribe this present contract just as is evinced in the Public Writ number
25,243 of volume CCLVII, granted on the 18th February 2008 before the testimony
of David Martín Magaña Monreal, Attorney, Public Notary number 16 of the City of
Hermosillo, State of Sonora, and same that have not been limited, restrained,
suspended or revoked to date.

3. To be duly inscribed in the Federal Taxpayers Registry with Identification
Certificate number  AUPE-5001019-NQO  and being to date current in his income
tax payments and other contributions that have corresponded to him in conformity
with the applicable and current legislation.

4. He is in full satisfactory knowledge of the state kept to date of the ASSETS
and recognizes likewise that same are free of attachments, liens and without
limitation in their ownership of whatever kind, and;

5. It is his free will to subscribe this present agreement with the purpose that
the DONORS grant to him the title holding of the ASSETS in the corresponding
percentage as already stated, heeding in every instance to the terms and
conditions of this instrument.

IV.

PARTIES declare through the offices of their respective representatives and
general proxies, as the case may be, under oath of stating the truth, that they
recognize the personality they hold in addition of assisting to the subscription
of this present contract in good faith, free of any deceit, error, violence or
any other vitiation whatsoever in their consent with the purpose of committing
themselves to the following:

CLAUSES

FIRST. OBJECT: Heeding the disposition of article 2,332 of the Federal Civil
Code among other applicable and current legal dispositions, by virtue of the
subscription of this present contract, the DONORS gratuitously donate in
definite and totally in favor in favor of the ASSIGNEE in the corresponding
percentages, free of any attachment, lien or limitation in ownership of any
kind, the property rights it holds on the ASSETS.

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SECOND. ACCEPTANCE: Under the terms of article 2,340 of the Federal Civil Code
among other applicable and current legal dispositions, the ASSIGNEE makes known
in this same act to the DONORS the acceptance of their donation, and as of this
moment the donation is considered perfect for all legal effects that may take
place.

THIRD. SAFEKEEPING IN CASE OF EVICTION:  The DONORS commit themselves to answer
before the ASSIGNEE of the safekeeping in case of eviction of the ASSETS, as
indicated in article 2,283, fraction III, of the Federal Civil Code among other
applicable and current legal dispositions.

FOURTH. DELIVERY OF ASSETS: The DONORS commit themselves expressly to deliver in
favor of the ASSIGNEE within the following 15 (fifteen) natural days of the date
of subscription of this present contract the possession of the mobile goods
integrating the ASSETS, exactly at the location in which they are on the date
established.

FIFTH. DOCUMENTATION: The DONORS deliver in favor of the ASSIGNEE in this same
act, the totality of documents related with the ASSETS, and these instruments
constitute the widest berth receipt that may proceed by Law to such an effect.

FORMALIZATION OF THE DONATION: Taking into consideration the value of the mobile
goods integrating the ASSETS, PARTIES commit themselves to ratify before Notary
Public or Public Broker this present document as soon as possible in order to
fully comply with the disposition of articles 2,344 of the Federal Civil Code
and 2,236 of the Civil Code for the Free and Sovereign State of Chihuahua among
other applicable and current legal dispositions.

SIXTH. EXPENSES: The totality of expenses, taxes, fees and rights as well as
other expenses that should be paid for the subscription and ratification of this
present instrument before the Public Registry of Mines will be defrayed by the
DONORS.

EIGHTH. CONFIDENTIALITY: PARTIES expressly commit themselves to keep in a
confidential manner the totality of past, present and future information related
with this instrument, and extending same obligation when disclosed to any
private person or corporation.

The PARTY recipient of confidential information must limit access to it to its
representatives or employees who, under a justified and reasonable cause, should
request access to such and information. In such cases, PARTIES must extend same
confidentiality obligation to the persons confidential information is disclosed
to.

For purposes of this present clause, the following will not be considered
confidential information: 1. Information legitimately known and obtained by the
recipient PARTY prior to the subscription of this agreement; 2. Information that
is to date or in the future considered as public domain, if and ever such
consideration did not derive from a non compliance by any of the PARTIES to the
stipulation of this clause, or; 3. Information that must be disclosed to per law
or an administrative or judicial mandate from competent authorities, including
those of the Stock Exchange, both in the United States of Mexico or abroad.

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NINTH. FISCAL OBLIGATIONS: On being registered and regulated before the
Secretary of the Treasury and Public Credit and other competent fiscal
authorities, as well as being current in their income tax payments and other
contributions that have corresponded to them to date, PARTIES convene that each
will defray in separate tax payments that individually correspond to each in
compliance to the terms and conditions of this present instrument and in
accordance to the applicable and current fiscal legislation, obliging themselves
to safe keep its counterpart regarding any fiscal responsibility that might be
imputed contrary to this clause by the mentioned authorities.

TENTH. ADDRESSES AND CONTACT TELEPHONES: PARTIES agree that for anything in
reference to the execution and compliance with the terms and conditions of this
present instrument, as well as to carry out announcements, notifications and
other communications related to same, they state their addresses and telephone
numbers to be:

DONORS

ASSIGNEE

Calle California 5101, Suite 206

Private de Connecticut 1805

Edificio Ejecutivo Vértice

Col. Residencial Campestre

Col. Haciendas de Santa Fe

Ciudad de Chihuahua

Ciudad de Chihuahua

Estado de Chihuahua

México

México

Ph: 52-614-200-8483

Ph: 52-614-423-4098

In case of change of address, PARTIES agree in notifying their counterpart of
such a fact at least 5 (five) natural days in advance of the date in which the
change of address will take place.

ELEVENTH. ANNOUNCEMENTS, NOTIFICATIONS AND COMMUNICATIONS: PARTIES agree that
any announcement, notification or communication necessary to have their
counterpart know, must done in writing.

Sending of said documents can be carried out via three means: 1. By ordinary
courier delivered on hand or by certificate mail, both with acknowledgement of
receipt; 2. Via Fax or; 3. By electronic mail. In this last case, sending will
only be considered valid and legally carried out when the reception of the
respective electronic mail is confirmed electronically within three (3) natural
days following the sending expressly stating receipt, by means of a confirming
answering message sent by the recipient.

PARTIES agree likewise that announcements, notifications and communications
carried out in relation to this present instrument will bear their respective
effects on the day of their reception. In case that such message include some
kind of term, this latter will begin to be in effect on the day following
confirmation of reception.

TWELFTH: CONTACT PERSONS: PARTIES agree that the totality of announcements,
notifications or communications necessary to be carried out between

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them derived from the terms and conditions of this present instrument must be
addressed indistinctly to the following persons:

DONORS

ASSIGNEE

RAMIRO TREVIZO LEDEZMA

EMILIO ACUÑA PERALTA

RAMIRO TREVIZO GONZÁLEZ

CONRADO ACUÑA PERALTA

IN case it be their will to change the contact persons, PARTIES convene in
notifying their counterpart of such a circumstance at least 5 (five) natural
days in advance from the date the change effectively takes place.

THIRTEENTH. TOTALITY OF CONTRACT: PARTIES accept and expressly acknowledge that
this present contract contains the totality of the agreements between them
regarding the object, and leaving without effect as well as cancelling the
totality of the agreements, reports, negotiations, correspondence, commitments
and communications carried out previously between them either in writing or
verbally.

FOURTEENTH. APPLICABLE LAW: This present instrument will abide and will be
interpreted in agreement with the Mining Law, its Ruling and the Federal Civil
Code among other applicable and current legal dispositions in the United States
of Mexico.

FIFTEENTH. JURISDICTION AND COMPETENCE: In case there may arise a controversy
related to the validity, intention, interpretation, execution or compliance to
this contract, PARTIES expressly agree to submit same before the competency of
the courts of law of the Morelos Judicial District, in the City of Chihuahua,
State of Chihuahua, surrendering as of this moment any other jurisdiction,
competency or privilege that might correspond to them by reason of their present
or future addresses, or by any other circumstance.

BOTH PARTIES IN THE KNOWLEDGE OF THE FORCE AND LEGAL REACH OF THIS PRESENT
CONTRACT; THEY SUBSCRIBE IT BEING TOGETHER IN THE CITY OF CHIHUAHUA, STATE OF
CHIHUAHUA ON THE FIRST DAY OF THE MONTH OF JULY OF THE YEAR TWO THOUSAND AND
NINE.

DONORS

ASSIGNEE

Signature

  Signatura

RAMIRO TREVIZO GONZÁLEZ

CONRADO ACUÑA ARANDA

REPRESENTING:

REPRESENTING:

CORPORACIÓN AMERMIN

EMILIO ACUÑA PERALTA

S. A. DE C. V., Andy:

RAMIRO TREVIZO LEDEZMA

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ANNEX I

DETAILED DESCRIPTION OF THE ASSETS, OBJECT OF THIS CONTRACT

1. Complete “Elmex” electric sub-station including three-phase transformer
1250/1440 KVA Series 8954-1-1D480/277 Volts.

2. “Caterpillar” power plant, 625 KVA capacity, model 1999 with CAT 3412 motor,
CAT generator model CR4B, Series 6EJ01166, including 3200 liters capacity fuel
tank and installed on structural skid guarded by metallic structure and metal
sheeting.

3. 2” diameter hydro-pneumatic equipment equipped with “CUMA” pump, KLL S-2 and
US 5 hp electric motor number M 95 A – 939.

4. Steel cylindrical receiver 15,000 liters capacity, 8 meters high set on
metallic structure.

5. “Deming” 8” diameter pump with US 75 hp electric motor, series 007-R280A-MEI
and “Siemens” thermo-electric starter K981DE 200 amps.

6. 3” diameter centrifugal pump 15 hp, model A 80 A.

7. Steel cylindrical receiver 15,000 liters capacity.

8. Bridge type structure with 3” diameter centrifugal pumps and 15 hp “Siemens”
electric motor series D96ESP 3620.

9. Two duplex bins fabricated from 1/4” plate, bottom structure and supported by
10” tube columns and PTR whitecaps. Each upper section 10’ X 20’ X 7’ in
rectangular section and another with 9’ X 10’truncated section.

10. Coarse material reception bin fabricated from 1/8” steel plate, inside ¼”
steel shims: 4.7 meters X 3.40 meters, 2.20 meters and a 1.40 section X 0.50
with an approximate capacity of 50 tons.

11. Plate mechanism with rod activated by motor reducer 15 hp capacity electric
motor without serial number.

12. 10’ X 4’ vibrating feeder and 2” with Siemens 15 hp electric motor N°
A98T0018.

13. 23” wide conveyor belt, 12 meters long with 5 hp Siemens electric motor N°
K91T554-196 and 3 hp reducer N° 115-205150MKS.

14. Cedar Rapids 18” X 36” Jaw Crusher, equipped with US 100 hp electric motor
at 1720 rpm, series H177-AD2-M.

15. 30” 12 meters long conveyor belt, with 7.5 hp motor reducer model
Q8233-03-074.

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16. Receiving bin fabricated from 1/8” plate and ¼” shims upper 14’ X 6’ section
and 1.4 meters height. And lower section1.40 meters X 0.50 meters.

17. 30# wide conveyor belt, 13 meters long with 10 hp electric motor type
DFT13294 reducer, 5 hp, type SR80DT132M4, equipped with US 75 hp electric motor
N° CO4-1-179-M mounted on portable chassis including side feed front end loader
ramp.

18. 34” wide conveyor belt and 10 meters long, US 5 hp electric motor N°
2529736.

19. Bin fabricated out 1/8” of steel plate, 4.60 meters long and 3.35
trapezoidal meters high with lower section 25” X 25” with inside ¼” lining.

20. Conveyor belt, 24 meters long, 30” wide (under construction).

21. Conveyor belt, 19 meters long, 30” wide, 10 hp motor reducer type DFT132M4,
reducer type 128 0DT1324.

22. Conveyor belt, 17 meters long, 30” wide, 7.51 motor reducer TP without
reducer W/O, reducer N° 1155MTP15H05K.

23. “Telesmith” short hydraulic cone crusher, 4 ¼ ft. N° 1300 FC, series
WSM-110043900, equipped with 200 hp US electric motor with corresponding starter
at reduced tension.

24. Unloading conveyor belt 30” wide, 5.5 meters long, 75 hp without series,
motor reducer N° 115 SMTO15.

25. Main vibrating screen 6’ X 4’, fabricated from 3/8” steel plate, eccentric
mechanism, 12 springs, three beds with classifying chutes, Siemens 20 hp
electric motor supported on tube columns.

26. + ¾” product conveyor belt, 30” wide, 15 meters long, with 7.5 hp motor
reducer N° 15 SMTP 15.

27. – ¾” + ¼” product conveyor belt, 30” wide and 20 meters long, with 15 hp
motor reducer without serial number.

28. – ¼” product conveyor belt, 24” wide and 12 meters long, 3 hp motor reducer
N° 425 A 0040182.

29. Secondary vibrating screen 5’ X 8’, fabricated from 3/8” steel plate, three
beds and exit chutes, mounted of tubular 8” diameter columns.

30. Conveyor belt (– ¼” + 1/8”), 20” wide, 9 meters long, 2 hp US electric motor
N° VII-591544-FGT.

31. Conveyor belt (– 1/8”), 24” wide, 12 meters long, 2 hp US electric motor N°
VII-591544-FGT.

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32. Fines cylindrical and lower conical receiving bin fabricated from ¼” plate,
supported on 10” diameter columns, 250 tons capacity with two manual activated
exit chutes.

33. Discharge conveyor belt with exit chute, 34” wide, 16 meters long, 15 hp
Duty Master electric motor without serial number and15 hp motor reducer N°
T49168.

34. 21” wide conveyor belt, 8 meters long with 3 hp electric VAR-DRIVE variable
speed motor reducer and N° 137895 reducer.

35. Rectangular section bin in most of its length 8’ X 8’ X 16’ section and
trapezoidal section with lower 14” X 14” section and 66” in height, fabricated
from ¼” plate and supported on 10” diameter tubular columns with an approximate
capacity of 60 tons, with rail mechanism and discharge dump for a 500 kilograms
skip.

36. 18” wide overhead conveyor belt, 10 meters long, 3 hp US electric motor and
N° 922692 reducer and joining mechanisms.

37. 5” X 7” Ball mill fabricated by “Avante Ingenieros” manufacturing company;
with motorized lubrication systems for both main mill bearing. Two electric
motors are used each 0.5 hp at 1140 rpm, 440 volts. Mill is actuated by a
transmission per means of a three phase motor manufactures by IEM, 100 hp, 887
rpm, model 141272147T frame, serial number 2804001 coupled to a “Falk” speed
motor model 2080Y1 with a reduction ration of 4.13: 1, interconnected with Falk
type couplings.

38. SRL slurry horizontal centrifugal pump, 2 ½” X 2, actuated by Siemens 5 hp
electric motor at 1750 rpm.

39. Krebs hydraulic cyclone model DIOB-840, serial 30919.

40. “Denver” ball mill overflow type, 7’ X 7 ½’ size, serial 34897258-2, Gear
Pacific speed reduction transmission with reduction ratio 4.75: 1, serial 31C22,
actuated by US three phase 200 hp electric motor, 1189 rpm, 460 volts, 230 amps,
serial W917-Z11-M1.

41. Galigher 4” X 3” slurry horizontal centrifugal pump, serial D-4-VR-CN-247,
actuated by 15 hp electric motor, 1750 rpm.

42. Krebs hydraulic cyclone model DIOB-840. serial 31489.

43. ABB 5’ X 5’ conditioner tank actuated by 5 hp electric motor, 1750 rpm,
serial K91T554-196.

44. Two rows of 6 flotation cells each, Galigher N° 15, effective volume 10 Cu.
Ft. per cell. Each pair of cells is actuated by 7.5 hp electric motors, 1750
rpm, serial M917608-24 and K92T602-114 and two rows of cleaner cells type Sub-A
N° 12 with Siemens 7.5 hp electric motor each.

45. Three Galigher SRL slurry pumps, 2” X 1 ½” actuated by a 5 hp, 1750 rpm
electric motor.

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46. Roots model AF-610 air blower actuated by 5 hp, 1750 rpm Siemens electric
motor, serial L92T015-887.

47. Two type Clarkson 4 compartment cup reactivators US ¼” hp, 1750 rpm,
electric motor.

48. Two platforms with 14 Denver flotation cells type DR N° 24 each with a
capacity of 50 Cu. Ft. in the following layout:

— One bench of 6 cells left to right flow, serial 34093746-1

—

One bench of 6 cells right to left flow, serial 34094504-3

—

One bench of two cells left to right flow, serial 34093747.

Cells are actuated by pulley and V belt transmission each two cells by 15 hp,
1750 rpm electric motors (7 motors in total). The cell benches are installed
with foam sweeping pallets actuated by three phase electric motors and
transmissions with following characteristics:

— One 1 hp, 1750 rpm electric motor coupled to Raisa reducer on a 60 ratio, TAM.
VO863.

— One 1 hp, 1750 rpm electric motor coupled to Raisa reducer on a 60 ratio, TAM.
VO863.

— One US I hp, 1750 rpm motor reducer.

49. “Pipsa-Galigher” 8’ conditioner tank 10’ diameter and 8’ long, actuated by
three phase US 10 hp, 1200 rpm electric motor serial 1117-Y08-M.

50. Buffalo-Forge ventilator type blower actuated by three phase 10 hp, 3600
electric motor.

51. Denver type SRL horizontal centrifugal pump 2 ½” X 2”, actuated by Siemens
DW 5 hp, 1750 electric motor serial B9510015-771.

52. Two SRL type Galigher horizontal centrifugal pumps 2” X 1 ½”, actuated by
electric motors, Siemens 3 hp, 1750 rpm serials: L93T0014-48 and A94T00-48
respectively.

53. Two thickener tanks 8’ diameter and 6’ high, equipped with Denver simple 1
½” diaphragm suction pumps. The first tank uses for its central mechanism a 2hp
AG motor reducer at 1750 rpm, serial P14X3256M-SN, size 513, serial 962298 for
#2 thickener tank. The central mechanism has a 2hp AG, 1750 rpm electric motor,
serial 410009. The pump uses a Siemens 1 hp electric motor serial M95T00011-466
and a RISGA speed reducer size 513, serial 952197.

54. A filtration module equipment mounted structural steel chassis on 6 8” steel
tubular columns with the following equipment:

— A 6’ X 8’ diameter vacuum filter drum type “Eimco-Envirotech” serial 665-4
actuated by a REMSA variable speed motor reducer  1.5 hp, electric motor, size
223 type 122 serial 1-138000388 and a mechanical agitator actuated by a
“Westinghouse” motor reducer 1hp electric motor, 614025 style.

— A vacuum receiving tank with integral filtering pump type 2” Krogh actuated by
three phase US 3 hp electric motor serial H202-A04-M.

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— A “Victor-Acme” air blower actuated by a three phase US 1 hp electric motor
serial H195-Z07-M.

— A “Nash” vacuum pump, model 703 actuated by a three phase US 50 hp electric
motor serial 9104929-229-G1610309-S.

— Side discharge bin and 18” 8meter long conveyor belt with a 2 hp electric
motor N° 3N834A.

55. A portable type drying module built from structural steel including the
following equipment:

— Horizontal rotary drier built from 24” diameter and 2’ long steel pipe,
actuated by an “ELECTRA” motor reducer 3 hp electric motor, serial 104606-1.

— 18” wide conveyor belt and 24’ long actuated by DAYTON 2 hp motor reducer.

— 8” and 4 meters long screw conveyor actuated by General Electric 1 hp, 1750
rpm motor reducer.

— Diesel burner actuated by Siemens electric motor 3 hp serial A95T0014-466.

— Electric control board for Siemens electric motors.

56. Five Wilfley concentrating tables 6’ wide by 13’ long in average, each
actuated by 5 hp Siemens electric motor at 1750 rpm.

57. SRL Denver slurry pump 2 ½” X 2”, actuated by 5 hp, 1750 rpm electric motor.

58. SRL Galigher pump 2 ½” X 2”, actuated by 3 hp, 1750 rpm electric motor.

59. Denver SRL pump 5” X 4”, actuated by US 15 hp 1750 rpm electric motor serial
number IDD#E407-208M.

60. 38” K-NELSON equipped with 40 hp BALDOR electric motor serial SERJ930.

61. 12” K-NELSON equipped with 3 hp “POWERBLOCK” electric motor serial
SER951399.

62. Mud pump with 5 hp Siemens electric motor serial L921015-887.

63. Crushing module and milling pilot plant built on structural steel chassis,
on axle and two 900-200 size tires including the following equipment:

— 4” X 6” jaw crusher with three phase 5 hp Siemens electric motor with 184T
frame, serial K917664-74.

— Bucket elevator on 6” wide by 8’6” long distance between pulleys actuated by
General Electric motor reducer 1 hp, model 7GK229CNIKA and reduction ratio
7.46:1.

— Mineral fines receiving bin, 1 ton capacity.

— Screw type mill mineral feeder 4” diameter and 22” long, actuated by variable
speed transmission through reducer and single phase Siemens electric 0.25 hp
electric motor at 2750 rpm, serial E93.

— 2.5’ X 1.5’ ball mill actuated by three phase 5 hp electric motor, 5 hp, 865
rpm, frame 254T, serial L93T00343.

— 9” wide spiral classifier by 5’ in length actuated by US three phase electric,
1 hp motor reducer on a reduction ratio of 40:1, serial F8082-01-254 with
sprockets and chain to keep shaft at a speed of 24 rpm.

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— Wilfley type gravity concentration table 3’ X 6’ actuated by three phase
“FORLEC” electric motor 0.75 hp, 1750 rpm, serial 001.

— Disc type reactivator with four compartments actuated by a RISGA reducer model
509, serial 917958 and single phase 0.25 hp KOBLENZ electric motor, model CGP144
at 1750 rpm without serial number.

— Four cell Denver flotation bench type Sub-A N° 8 with 2 Cu. Ft. effective
volume, actuated by two three phase electric motors series A94T001492 and
L93T001440, 3 hp each, Siemens manufacture, 1725 rpm, frame 182 . The cleaning
cell includes foam sweeping pallets actuated by reducer and 0.5 hp single phase
electric motor. These are covered.

64. Classifying and flotation module of pilot plant built upon chassis of
structural steel on one axle with two 1100 R22 tires including the following
equipment:

— Two 9” spiral classifiers by 6’ in length actuated by two three phase electric
motor reducers, US 1 hp, serial XA853-04, frame 145T, Dayton manufacture, serial
E47479, frame G56C, sprockets and chain to keep shaft speed at 18 rpm.

— Agitating-conditioner tank 2’ diameter and 3’ high, actuated by 1hpthree phase
electric motor, Siemens manufacture, at 1720 rpm, serial H93TO11-366, frame
143T.

— Disc type reactivator with four compartments actuated by KOBLENZ 0.25 hp
single phase electric motor, serial 06-96-492, model CGP144, frame 56, and 1720
rpm.

— Four cell Denver type bench type Sub-A N° 8, effective volume 2 Cu. Ft per
cell, actuated by two Siemens 3 hp three phase electric motors, RGZ type, 182T
frame, serials A95T0014-451 and YA94T0014-12.

65. Siemens starter type ATP.11-1-16, serial L99-111-16-35, C. P. -100, C.P.S.
-60 volts 440 volts.

66. Siemens starter type ATP-11-1-14, serial E99 111-14-66, C.P. 75 C. P. S. 60
volts 440.

67. 5 hp pilot plant starters N° A 40BG0C Cuttler Hammer manufacture.

68. 60 volts 440 large plant starter Siemens manufacture type ATP-11-3-2, serial
MO1-113-2-3 C.P.S.

69. Motor starting autotransformers 200 hp, Part N° 29203 C.20 Hz. 60 volts
440/480 52911.071-76 F. V.

70. Siemens starter type ATP11-1-12, serial A96R-107-31 C.P. 60 volts 440.

71. Siemens small mill type 11-1-3, serial G94007.1 C.P. 100 C. P. S. 60
volts-440.

72. Cuttler Hammer secondary crusher serial A-40050C-E, C.P. 50 C.P.S. 60
volts-440.

73. Allen Bradley Cone crusher, max. rating 200V-230V-460-575V, P.P.H.3.5.
Pole-40- HP-50 HP Autotransformer EX 141573 Type-NE C. P. S. 60-volts-440.

74. Siemens primary crusher type A. T. P., serial M96 R111-15 C.P. 100, C.P. S.
60 volts-440.

12

--------------------------------------------------------------------------------

75. Federal Pacific column transformer, catalog T4T75-1, 75KVA 50 C, RISE IMP,
5.20 per cent high voltage 480 (H) Low voltage 208 Y/120 (X), weight 515lbs, 60
HZ3 phase, 220 C insulation system FH4G ambient temp 40 C.

76. High efficiency Hostile Duty mud pump 3 inch admission and 4 inch exit, 15
hp, N° 2541-CT.

77. Three cylindrical tanks 95” in diameter and 109” long, an one more 120” long
with a total capacity of 38,860 liters, fabricated from ¼” plate.

78.Kenworth truck with Cummins engine for water haulage.

79. International flat bed truck, double rear axle, 20 ton capacity.

80. Dodge 3500 type truck 3 ton capacity.

81. Nissan wood stake bed model 2003.

82. 25 ton Euclid capacity truck with 350 Cummins engine.

83. 20 ton Euclid capacity truck.

84. Michigan-Clark 275B, serial 474B-33 articulated front end loader.

85. 977L serial 11K6109 Caterpillar front end loader.

86. Ford 755 model 755 serial C704113 rear type hoe shovel.

87. 988-A, serial 8084 Caterpillar from end loader.

88. Low-boy 60 ton capacity model 1996S serial AZ200033.

89. 2 axle 3 ton trailer model CB7016MR60T.

90. Spiral classifier, 21” long, 34” wide, equipped with 5 hp electric motor, N°
H203-105-M and 3.52 hp reducer N°. K83M0009.

91. Spiral classifier, 21” long, 34” wide, equipped with 5 hp electric motor, N°
H203-108-M and 3.52 hp reducer N°. K81MQ0009.

92. Trailer mounted tauna including transmission and stone hammer mechanism with
Siemens 3 hp electric motor N° 182-4YK60.

93. Double axle dolly for mobile equipment transport such as crushers, cells,
mill, etc.)

94. Michigan Clark front end loader without motor (broken down) 3YD3.

95. Espairol testing gravity equipment base mounted.

96. BMS-3 300 N° 136264 serial 9953 Electric welder.

13

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97. Miller Diesel welder with Perkins 4 cylinder engine 44/220.

98. Wagner Scoop Tram ST-8 serial 27873.

99. Wagner Scoop Tram ST-8 serial 30477.

100. Two Jarvis Clark Scoop Trams model 800, not operating, used as spares.

101. CAT model 983 front end loader serial 38K00466A.

102. CAT D8H-46H serial 20250.

103. CAT 16G serial 49G563 grader.

104. Gardner-Denver 600 CFM compressor with 350 Cummins engine.

105. Chicago Pneumatic 900 CF; compressor with Detroit-Diesel engine.

106. Dodge dump truck model 1982 with Cummins engine.

107. Garner-Denver pneumatic jumbo no serial, Deutz 6 cylinder engine, two booms
with PTR-55 drills.

108. Detroit-Diesel 3-53 Power plant20 KVA.

109. Rock separating grill with bottom bin and exit mechanism, fabricated from
steel plate on steel pipes.

110. Gardner-Denver one boom jumbo with S-93 pneumatic drill.

***

***

***

***

***

***

***

***

***

FOLLOWS ONE BLANK SHEET

***

***

***

***

***

***

***

***

***

14

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NOTARY RATIFICATION

IN THE CITY OF CHIHUAHUA, STATE OF CHIHUAHUA, ON THE EIGHTH DAY OF THE MONTH OF
JULY TWO THOUSAND AND NINE, BEFORE ME, ELSA ORDÓÑEZ ORDÓÑEZ, ATTORNEY, AND
APPLICANT TO THE OFFICE OF NOTARY PUBLIC, ASCRIBED TO NOTARY PUBLIC NUMBER
TWENTY EIGHT OF THIS MORELOS JUDICIAL DISTRICT, AND ACTING AS PUBLIC NOTARY BY
LICENSE OF THE OFFICE TITLE HOLDER MR. FELIPE COLOMO CASTRO, ATTORNEY, THERE
APPEARED BEFORE ME MR. RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS GENERAL
PROXY OF CORPORACIÓN AMERMIN, STOCK COMPANY WITH VARYING AMOUNT OF CAPITAL, AND
ALSO GENERAL PROXY OF MR. RAMIRO TREVIZO
LEDEZMA----------------------------------------------------------------------------

ON THE OTHER HAND, MR. CONRADO ACUÑA ARANDA ALSO APPEARED BEFORE ME IN HIS
PERSONALITY AS GENERAL PROXY OF MR. EMILIO ACUÑA
PERALTA---------------------------------------------------------------------------------

BOTH APPEARING PARTIES STATED THAT THE PURPOSE OF THEIR APPEARANCE IS TO
ACKNOWLEDGE THEIR SIGNATURES AT THE BOTTOM OF THE AFORE MENTIONED GRATUITOUS
TRANSFER CONTRACT DATED ON THE 1ST JULY 2009 AS WRITTEN IN THEIR OWN HANDWRITING
AND, AS WELL, TO RATIFY THE CONTENTS OF
SAME--------------------------------------------

PERSONALITY

IN ORDER TO ACCREDIT THE LEGAL EXISTENCE OF CORPORACIÓN AMERMIN, STOCK COMPANY
WITH VARYING AMOUNT OF CAPITAL AND HIS PERSONALITY AS GENERAL PROXY OF SAME, MR.
RAMIRO TREVIZO GONZÁLEZ EXHIBITS BEFORE AND I GIVE FAITH TO HAVE BEFORE ME THE
INSTRUMENTS RELATED FOLLOWING----------------------------

a) Certified copy of the first testimony of public writ number 9,311 (nine
thousand three hundred and eleven) granted in this city of Chihuahua, state of
Chihuahua on the ninth of august nineteen hundred and ninety five before
testimony of Mr. José R. Miller Hermosillo, Public Notary number two of this
Morelos Judicial District, and document

15

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which is inscribed under electronic mercantile folio number 21164*10 (two, one,
one, six, four, asterisk, one, zero) of the Public Registry of Property and of
Commerce of this Morelos Judicial District by which through prior permit of the
Secretary of Foreign Affairs number 08000365 (zero, eight, zero, zero, zero,
three, six. five), file number 9508000359 (nine, five, zero, eight, zero, zero,
zero, three, five, nine), folio number 609 (six, zero, nine), issued in this
city of Chihuahua and dated on the fourteenth June nineteen hundred and ninety
five, Corporación Amermin, Sociedad Anónima de Capital Variable was established.
Of said document I transcribe the following clauses-------------

FIRST: The appearing parties constitute a Mercantile Society named “Corporación
Amermin”, followed by the words “Sociedad Anónima de Capital Variable” (Stock
Company with Varying Amount of Capital) or of its abbreviations S. A. de C. V.
--------

SECOND: The Society will have as its object: I. The purchase, sale, acquisition
by any concept, alienation, trade, import and export of all kinds of implements
and articles related with the mining and metallurgical industries, with Civil
Engineering and with construction in general. The Society will be in the
capacity to carry out all acts conductive to the accomplishment of this object
and, in an enunciatively manner, but not limiting, will be able to: establish
and run branch offices and agencies in any locality of the Mexican Republic or
abroad; establish, lease and buy, and in general negotiate in any manner with
mobile goods and real estate necessary for the compliance of its social
activities; alienate, lease, transfer, mortgage and burden in any manner any
good acquired or exploited by the Society; acquire, lease and take on lease and
administer transportation equipment necessary for the distribution and commerce
of the products object of the Society within the country and abroad; acquire all
kinds of national and foreign establishments including their shares or social
portions, goods and rights; acquire exploration and exploitation mining
concessions or their contractual rights for exploration and exploitation of any
kind of minerals as well as to alienate, burden or in any other manner make use
of such concessions and rights; acquire, install, project, purchase, sell, give
and take on lease, operate ore dressing plants and all types of appliances,
equipment, accessories and materials related with its social object; exploit
earth dumps, tailings, drosses, and slags and all kinds of minerals and
substances derived thereof; offer technical services as well as legal and
consultancies and also administrative services related to its object; obtain and
exploit trade names, patents,

16

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brand names and represent national and foreign enterprises; carry out operations
with all kinds of titles of credit, give and accept loans with or without
collateral and carry out all kinds of mercantile or civil activities necessary
or required in order to accomplish the society’s objects.
------------------------------------------------------------------------------------

THIRD: The Society’s duration will be ninety nine years as of the date of its
constitution.
------------------------------------------------------------------------------------------

FOURTH: The Society’s address will be in the city of Chihuahua, Chihuahua and
which will no be understood as changed by the election of other conventional
addresses nor by the setting up of Representations, Agencies or Branch Offices
pertaining to the Society out of the city of Chihuahua.
-------------------------------------------------------------

FIFTH: The Society is and will be Mexican with a clause of admission of
foreigners. The Founding Partners and those that in the future enter into the
Society per the sole act of becoming partners agree with the Mexican Government
before the Secretary of Foreign Affairs, that the current foreign partners as
well as those in the future of any Society in question, formally commit
themselves with the Secretary of Foreign Affairs to consider themselves as
Mexican regarding the shares they acquire from Mexican societies or of which
they hold title of as well as of the goods, rights, concessions, participations
or interests of which such Societies hold title before Mexican Authorities and
not to invoke per such a reason the protection of their Governments under the
penalty that if doing so, of losing in favor of the Nation the Social Portions
they may have acquired.
----------------------------------------------------------------------------------------

SIXTH: The Social Capital is of Varying Amount with a minimum of $50,000.00
(Fifty thousand new Pesos 00/100 Mexican Currency), and an unlimited amount.
Above the minimum limit the Capital will be of Varying Amount, increasing or
decreasing per agreement by the Ordinary Assemblies or the Administration Board
as per the rules set in the Statutes. The amounts of the Minimum Capital and, be
it the case, those of the Varying Amount, will be represented by Nominal Shares
of N$1,000.00 (One thousand new Pesos 00/100 Mexican Currency) each.
----------------------------------------------------

TRANSITORY: In this act, being constituted in the First Shareholders General
Assembly, the appearing parties undertake the following determinations: I. As
Sole

17

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Administrator Mr. RAMIRO TREVIZO LEDEZMA is nominated. Of the Society’s statutes
I transcribe pertainingly the following:
-------------------------------------------------

CHAPTER III: OF THE ADMINISTRATION OF THE SOCIETY: EIGHTH ARTICLE: The Society
will be administered and directed by a Sole Administrator who will remain in his
charge per an unlimited lapse of time and who in any case will remain in his
charge until the person who will be in his stead takes over per agreement of the
Shareholders General Assembly. Society’s Managers can also be named who will
remain in office per an unlimited lapse of time and who, in any case, will hold
office until the persons that should take over take their stead unless their
nomination is revoked, in which case they will cease their charges immediately.
The Managers’ faculties that are named will be determined by the Shareholders
Assemblies agreeing on their
nomination--------------------------------------------------------------------------------------

NINTH ARTICLE: THE SOLE ADMINISTRATOR: Will have the legal representation of the
Society and, consequently, will be invested with the following faculties and
obligations---------------------------------------------------------------------------------------------

a) Will manage the businesses and social goods with the widest berth of General
Empowerment under the terms of the second paragraph of article 2453 (two
thousand four hundred and fifty three) of the current Civil Code for the State
of Chihuahua, as well as by it related article 2554 (two thousand five hundred
and fifty four), second paragraph of the Civil Code for the Federal
District--------------------------------------------

b) Will be conferred with a General Power for Litigation and Collection and Acts
of Administration with expressed faculties to subscribe titles of credit under
the terms of the 9th article of the General Law of Titles and Credit Operations
under the terms of article 2453 (two thousand four hundred and fifty three) of
the current Civil Code for the State of Chihuahua and its related article number
2554 (two thousand five hundred and fifty four) of the Civil Code for the
Federal District that reads as follows--------------

ARTICLE 2453: In the General Mandate for Litigation and Collection it will
suffice to set down that it is granted with all general faculties and those
special requiring special clause per Law, in order that they may be understood
as conferred without any limitation. In the General Mandate for the
administration of goods it will suffice to

18

--------------------------------------------------------------------------------

express that it is conferred in such a wise in order for the mandatory be able
to exercise all administrative faculties. In the General mandate to exercise
Acts of Dominion, it will suffice to express that they are granted in such a
character in order for the mandatory to exercise all faculties as owner in
relation to goods as well as to exercise all actions required to protect them.
In cases of gratuitous the express authority of the mandatory is obligatory.
When a limitation in faculties of the mandatories is exercised in the three
cases before mentioned, these limitations will be consigned or the mandate will
be special. Notary Public will insert this article in the instruments of mandate
that are
granted-------------------------------------------------------------------------------------------------

c) He will represent the Society before any Authority be it Administrative,
Municipal, Judicial, before Arbiters and Labor Authorities with General Power
for Litigation and Collection with all General faculties and even those Special
requiring special clause per Law under the terms of the first paragraph of the
mentioned articles, including, among other faculties, those of desisting of
Proceedings of Relief, formulate manifestations and declarations under protest
including in customs and fiscal cases, formulate denouncements and complaints
and to desist of them, grant pardon, settle, commit in arbitration and
articulate and absolve positions, carry out transfers of goods, state positions
in foreclosures, receive payments and intervene in labor matters or labor
proceedings with the faculties already mentioned  and acting before such
Authorities by Proxy, and to grant General Empowerments for Litigation and
Collection with all the General faculties and those Special requiring Special
Clause per Law or Special Powers, and to freely revoke one or the others.  He
will represent the Society before the Mexican Institute of Social Security,
Federal Consumers Agency, and the National Institute or Workers Household Fund,
before the Board in charge of capacitating and training of personnel, before the
Secretary of the Treasury and Public Credit and its dependencies, before the
General Treasury of the State and its dependencies and any other Government
Entity as well as State
owned-------------------------------------------------------

d) Grant and subscribe titles of credit and obligations charged to the
Society---------------

e) Render mobile and Real Estate goods belonging to the Society to other
companies and subscribe shares or take into participation or portions of
interest in other companies.

19

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f) Grant the General Powers or those Special he deems necessary and revoke
them-------

g) In general, he will be in charge of carrying out those acts and operations
necessary or convenient for the consecution of the Society’s Object, excepting
those expressly reserved by Law or in the Statutes to the Shareholders General
Assembly. He will bear the social signature as Sole Administrator in those
spheres of his attributions that might have been assigned to
him--------------------------------------------------------------------------

CHAPTER V. SHAREHOLDERS GENERAL ASSEMBLIES. THIRTEENTH ARTICLE: The General
Shareholders General Assembly of the Supreme Organ of the Society. The Ordinary
Assembly will convene at least once a year, within the following four months the
closure of the Social Exercise and at the Society’s address. The Extraordinary
Assembly will convene at the same place when judged convenient by the Sole
Administrator or the Commissar or is requested by the Shareholders representing
at least 33 % (thirty three per cent) of the Social Capital and stating in
writing the matters that will be discussed in the
Assembly--------------------------------------------------

b) First Testimony of Public Writ number 20,020 (twenty thousand and twenty),
granted in this city of Chihuahua, State of Chihuahua, on the fifth day of the
month of September of the year Two thousand and seven before testimony of Mr.
Eugenio Fernando García Russek, Attorney, ascribed to this Public Notary in my
charge and acting as Public Notary per license of its Title Holder Mr. Felipe
Colomo Castro, document which is inscribed under Electronic Mercantile Folio
number 21164*10 (two, one, one, six, four, asterisk, one, zero) of the Public
Registry of Property and Commerce of this Morelos Judicial District and by which
there appeared Mr. Álvaro Alejandro González Aragón in his character as Special
Delegate of the Extraordinary and Ordinary Shareholders Assembly of CORPORACIÓN
AMERMIN, S. A. DE C.V., STOCK COMPANY WITH VARYING AMOUNT OF CAPITAL, and
celebrated in this city on the tenth of August two thousand and seven in order
to request the inscription by protocol of the act of the mentioned assemblies,
and testimony which I insert in matters related to some of the
clauses----------------------------------------------------------------------

CLAUSES. SECOND: The appearing party formalizes the First and Second Resolutions
of the Society’s Charter which are included
following-----------------------------------------

20

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RESOLUTIONS. FIRST: It has been agreed to modify the Sixth Clause of the
Society’s Charter, identified by numeral 9,311 and granted on the 9th August
1995 before testimony of Mr. José R. Miller Hermosillo, Attorney and Notary
Public number 2 of the Morelos Judicial District, State of Chihuahua, instrument
that is duly inscribed in the Public Registry of Commerce of said district under
electronic mercantile folio number 21164*10 with the purpose of it reading and
in effect as of this date in the following
manner------------------------------------------------------------------------------------

SIXTH: The Social Capital is of a Varying Amount the minimum remaining without
right of withdrawal  and fixed at an amount of $50,000.00 (Fifty thousand Pesos
00/100 Mexican Currency) and the maximum unlimited. Above the mentioned minimum
limit, the Stock will be of a Varying Amount in the possibility of it being
increased or decreased per agreement of the Shareholders Ordinary Assembly or of
the Administration Board as per the rules set in in the applicable Social
Statutes. The amounts of minimum capital, and in its case, of the Varying
amount, will be represented by ordinary nominal shares of the Series “A” and “B”
respectively with a nominal value of $5.00 (Five Pesos 00/100 Mexican Currency),
each. The Social Capital has been paid in full and subscribed on the date of
subscription of the Society------------------------------

SECOND: Derived from the previous resolutions, it was approved that the share
structure of the Society be fixed, as of this same date for all legal effects
that may arise, in the following
manner-----------------------------------------------------------------------------

Shareholders

Shares

Minimum Capital

Value

%

 

“A” Series - Fixed

 

 

Ramiro Trevizo Ledezma

RFC

TELR-560904-R47

5,000

$25,000.00 Mx. Cy.

50 %

Ramiro Trevizo González

RFC

TEGR-790716-IM2

5000

$25,000.00 Mx. Cy

50 %

TOTAL

10,000

$50,000.00 Mx. Cy

100 %

THIRD: The appearing party formalizes the Fifth, Sixth and Seventh Resolutions
of said Assembly by means of which was approved the alienation by means of
subscription

21

--------------------------------------------------------------------------------

of sales-purchase contract of nine thousand ninety nine shares representing the
social capital of CORPORACIÓN AMERMIN, S.A DE C.V, in favor of TARA GOLD
RESOURCES CORP., which are inserted
following-------------------------------------------

FIFTH: It is expressly approved, with the full consent of Mr. Ramiro Trevizo
Ledezma, that the 5,000 (five thousand) ordinary nominal shares, identified by
numerals series 1 to 5,000 and belonging to the “A” series, with a value of
 $5.00 (Five Pesos 00/100 Mexican Currency ( each and representative of the
fixed portion of the social capital of the Society, property of Ramiro Trevizo
González, be alienated through the subscription of the respective sales-purchase
contract of shares in favor of Tara Gold Resources
Corp----------------------------------------------------------------------------------------------------

SIXTH: It is expressly approved with the full consent of Mr. Ramiro Trevizo
González that 4,999 (four thousand nine hundred and ninety) of the 5,000 (five
thousand) ordinary nominal shares, identified with numeral 5,001 to 10,000,
belonging to the “A” Series with a nominal value of $5.00 (Five Pesos 00/100
Mexican Currency), each and representative of the fixed portion of the social
capital of the Society, property of Ramiro Trevizo Ledezma be alienated through
the subscription of the respective sales-purchase contract of shares in favor of
Tara Gold Resources Corp.--------------------------

SEVENTH: Derived from the sales-purchase operations described, it is approved
that the share structure of the Society be fixed in the following manner once
the sales-purchase contracts of required shares are
subscribed-------------------------------------------

Shareholders

Shares

Minimum Capital

Value

%

 

“A” Series - Fixed

 

 

Tara Gold Resources

9,999

$49,995 Mx. Cy.

99.99 %

Ramiro Trevizo Ledezma

RFC

TELR-560904-R47

1

$5.00 Mx. Cy

0.01 %

TOTAL

10,000

$50,000.00 Mx. Cy

100 %

c) First Testimony of Public Writ number 22,503 (twenty two thousand five
hundred and three), granted in this city of Chihuahua, State of Chihuahua on the
12th June 2008

22

--------------------------------------------------------------------------------

before undersigned in my character as Ascribed to Public Notary to my charge and
acting as Notary Public per license of its Title Holder, Mr. Felipe Colomo
Castro, document that is inscribed under Electronic Mercantile Folio number
21164*10 (two, one, one, six, four, asterisk, one, zero) of the Public Registry
of Property and of Commerce of this Morelos Judicial District, by means of which
there appeared Mr. Álvaro Alejandro González Aragón in his personality as
Special Delegate of the Shareholders Ordinary General Assembly of CORPORACIÓN
AMERMIN, S.A. DE C.V., celebrated in this city on the 30th April 2008 requesting
the protocol inscription of the act of the mentioned Assembly, whose Second
Clause I insert following---------------

SECOND CLAUSE: The appearing party formalizes the Tenth Resolution of the
mentioned act and corresponding to the Shareholders Yearly General Assembly by
virtue of which it was resolved to grant different powers in favor of Mr. RAMIRO
TREVIZO GONZÁLEZ, and resolution that is inserted
following---------------------------

TENTH RESOLUTION: It is granted in favor of Mr. Ramiro Trevizo González a wide
berth General Power for Acts of Dominion, as well as a Special Power in Currency
Exchange matters in agreement to the Ninth Article of the applicable and current
Social Statutes of the Society, and same that are given in detail
following--------------------------

1. Wide Berth General Mandate for Acts of Dominion as indicated in the third
paragraph of Article Two Thousand Four Hundred and Fifty Three of the Civil Code
for the Free and Sovereign State of Chihuahua and of Article Two Thousand Five
Hundred and Fifty Four of the Federal Civil Code as well as of its complementary
of the current and applicable Civil Codes of the United States of Mexico, and
enjoying all faculties of owner including, in an enunciatively manner but not
limiting, of celebrating all kinds of agreements and contracts; execute any act
even if it implies dispositions or burdens of mobile goods and real estate, as
well as to grant all types of certainties regarding same, and; 2. Special Power
in Currency Exchange matters under the terms of the Ninth and Eighty Fifth
articles of the General Law of Titles and Credit Operations and reason by which
he is able to, in an enunciatively manner but not limited, open, operate and
cancel bank accounts in the name of the Society as well as to issue, subscribe,
endorse, guarantee, discount and protest all kinds of titles of credit be these
in the Society’s name or in representation of third parties.
---------------------------------------------------------------

23

--------------------------------------------------------------------------------

In order to accredit his personality as General Proxy of Mr. Ramiro Trevizo
Ledezma, Mr. Ramiro Trevizo González exhibits before me and I so give faith of
the instrument related
following-------------------------------------------------------------------------------------

First testimony of Public Writ number 23,617 (twenty three thousand six hundred
and seventeen) granted in this city of Chihuahua, State of Chihuahua, dated on
the 25th April 2009 before me, the undersigned in my personality as Ascribed to
this Public Notary in my charge, by means of which appeared Mr. RAMIRO TREVIZO
LEDEZMA in order to grant in favor of Mr. RAMIRO TREVIZO GONZÁLEZ a Widest Berth
General Power for Litigation and Collection with the faculties that in an
enunciatively but not limiting manner are described following: a) The broadest
sense General Power for Litigation and Collection contemplated in the first
paragraph of article 2453 of the Civil Code for the Free and Sovereign State of
Chihuahua and in agreement with the first paragraph of article 2454 of the
Federal Civil Code, as well as their related ones of the applicable and current
Civil Codes of the United States of Mexico, enjoying all general faculties and
even those special required by Law including those of interposing and desisting
of privileged law suits, to settle and commits himself in arbitration,
articulate and absolve positions, present suits of law, claims and conflicts, to
ratify them and desist from them, grant pardon in those cases meriting them and
aid with the Public Ministry (General Attorney), and carrying out this present
mandate before any state, municipal or federal authority be those judicial,
administrative or labor as well as enjoying conciliatory faculties in labor
matters, including those to celebrate agreements and transactions and any other
faculty comprised under this concept of representation  for litigation and
collection. b) WIDEST BERTH GENERAL POWER FOR ACTS OF ADMINISTRATION, with the
wide berth referred to in the second paragraph of article 2453 of the Civil Code
for the Free and Sovereign State of Chihuahua and agreeing with the second
paragraph of article 2554 of the Federal Civil Code as well as the related
applicable and current Civil Codes in the United States of Mexico, enjoying all
general faculties and even those requiring special clause and those required to
carry out all operations, acts and contracts necessary, including faculties to
open and cancel bank accounts in the name of the company, make deposit and draw
from them and authorize persons to draw from same c) WIDEST BERTH GENERAL POWER
FOR ACTS OF DOMINION, with the wide berth referred to  in the third paragraph of
article 2453 of the Civil Code of the Free and Sovereign State of Chihuahua and
agreeing with the third

24

--------------------------------------------------------------------------------

paragraph of article 2554 of the Federal Civil Code as well as the related ones
of the applicable and currents Civil Codes for the rest of the Mexican Republic,
enjoying all faculties of owner regarding the mobile and real estate goods
 property of the company in their real and personal rights in order to exercise
acts of gratuitous dominion; he is also empowered to lien, mortgage, deliver in
trust and or payment as well as to carry out any judicial act on such goods
under the title of owner, as well as to carry all out all kinds of negotiations
in order to defend them. d) WIDEST BERTH GENERAL POWER, with all the general
faculties and those special requiring special clause to grant, subscribe,
accept, protest, issue, draw, endorse and countersign all kinds of title of
credit under the terms of the ninth article of the General Law of Titles and
Credit Operations. e) WIDEST BERTH GENERAL POWER FOR ACTS OF ADMININSTRATION IN
LABOR MATTERS, with all general faculties and even those special required per
Law, authorizing the proxy to appear before all labor authorities referred to in
article 523 of the Federal law of Labor and, in such a character, is authorized
t exercise the faculties that in an enunciatively but not limit manner are
indicated following: I.- Appear in name of and representing the company before
any labor authority, National Institute of Workers Household Fund and the
Mexican Institute of Social Security under the terms of articles eleven, six
hundred and ninety two, second fraction, eight hundred and seventy six, eight
hundred and eighty and others related with the General Law of Labor. II. Carry
out Acts of Administration in Labor Matters, give working orders to laborers
depending from the company with faculties to cancel individual labor contracts.
III. Be present during Conciliatory, Suit and Exception stages during labor
procedures under the terms of the dispositions of article 876 and 878 of the
Federal Law of Labor. IV. Appear as legal representative of the company before
the Conciliation Meetings, and Arbitration and Conciliation both local as
federal as well as before any labor authority mentioned in article 523 of the
Federal Law of Labor. V. Appear as legal representative before the Federal
Consumers Board. f).-  WIDEST BERTH POWER with all of the general faculties and
even those special even those requiring special clause per Law, in order that he
carry out in name and representation of the company all kinds of paper work
before the Secretary of the Treasury and Public Credit, the Income Tax
Administration Service, the Mexican Institute of Social Security, the National
Institute of Workers Household Fund, the Consumers Federal Board, the Secretary
of the Economy, the Secretary of Finance and Administration of the Government of
the State of Chihuahua, the Municipality’s

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Treasury, and likewise to sign receipt, make payments, obtain receipts and
vouchers. g) POWER will al faculties to delegate or substitute this present
power, in whole or part; likewise to revoke powers granted likewise to revoke
the powers granted be in total or partially, and kept during the whole of its
exercise in case of delegating it------------------

In order to accredit his personality as General Proxy of Mr. Emilio Acuña
Peralta, Mr. Conrado Acuña Aranda exhibits before me and I so give faith of the
instrument related
following-------------------------------------------------------------------------------------

First testimony of Public Writ number 25,243 dated on the 18th February 2008
granted by David Martín Magaña Monreal, Public Notary number sixteen of the city
of Hermosillo f which I include ordinary copy to this present act as numeral “1”
ONE-----

Messres. Ramiro Trevizo González and Conrado Acuña Aranda, the former one
remaining in his capacity and both indicating that their representation with
which they appear has not been revoked, limited or terminated in any manner
whatsoever-------------

I, THE UNDERSIGNED SO GIVE FAITH AND CERTIFY

A) That the appearing parties to my judgment enjoys the necessary legal capacity
to commits himself and contract per his general data under oath of stating the
truth and with the forewarnings of law to be a Mexican citizen.
-----------------------------------------

Mr. RAMIRO TREVIZO GONZÁLEZ is a native of the city of Hobbs, State of New
Mexico, United States of America, where he was born on the 16th July 1979, an
administrator, bachelor and his address to be Calle California number 5,101
(Five thousand one hundred and one), Suite 206 (Two hundred and six), Colonia
Haciendas de Santa Fe of this city and he identifies himself with voting card
folio number 0608062204366 (zero, six, zero, eight, zero, six, two, two, zero,
four, three, six, six), with address at Calle Oregon number 2432 (two thousand
four hundred and thirty two), Fraccionamiento Quintas del Sol of this city.
Likewise, Mr. Ramiro Trevizo González states that the general data of the person
he represents are the following: Ramiro Trevizo Ledezma, Mexican citizen, native
of Colonia Pacheco, State of Chihuahua, where he was born on the 4th September
1956, a miner, with Federal Taxpayers Registry

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number TELR-560904, bachelor and his address to be at Calle Ignacio Allende
number 104, suite 103, Col. Centro of this
city-----------------------------------------------------------

Mr. Conrado Acuña Aranda is a native of this city, married, and his address at
Av. Independencia number 3010 (three thousand and ten) of Col. San Rosa of this
city, entrepreneur and born on 14th January 1974 and identifies himself with
voting card number 050359200389. Likewise, Mr. Conrado Acuña Aranda states that
the general data of the person he represents are the following: Emilio Acuña
Peralta, native of Cumpas, State of Sonora where he was born on the 19th October
1959, a Civil Engineer and married under the bond of separation of goods, and
his address to be at Calle Privada Connecticut number 1805 (one thousand eight
hundred and five) of Fraccionamiento Residencial  Campestre of this
city-------------------------------------------

B) That this present act is granted out of Protocol under the terms of article
49 (forty nine), fraction II, of the Law of the Notary Public of the State of
Chihuahua. --------------

C) That the before written having been read by the appearing party and I
explaining to him the value and legal consequences and he being in agreement
with its text and content, ratifies it and signs before me.
----------------------------------------------------------

Signature

Signature

RAMIRO TREVIZO GONZÁLEZ

CONRADO ACUÑA ARANDA

I authorize this present act and take knowledge of it in Volume 14 of the Book
of Registrations of Acts out of Protocol of the Notary office in my charge under
numeral 14,492 (fourteen thousand four hundred and ninety two)

Chihuahua, Chihuahua on the 8th July of the year 2009

ASCRIBED TO NOTARY PUBLIC NUMBER TWENTY EIGHT

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ELSA ORDÓÑEZ ORDÓÑEZ

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DAVID MARTÍN MAGAÑA MONREAL

PUBLIC NOTARY NUMBER 16

VOLUME TWO HUNDRED AND FIFTY SEVEN

INSTRUMENT NUMNER TWENTY FIVE THOUSAND TWO HUNDRED AND FORTY THREE: 25,243.

At Hermosillo, Sonora, Mexico, on the 18th February 2008, before me, DAVID
MARTÍN MAGAÑA MONREAL, PUBLIC NOTARY NUMBER 16 in exercise in this residence and
demarcation, there appeared and stated------------------------------------------

Mr. EMILIO ACUÑA PERALTA, Mexican citizen, of age, married under the bond of
separation of goods, miner and his address at Priv. de Connecticut number 1805
of the city of Chihuahua, Chihuahua. Born on the 17th October 1950 in Cumpas,
Sonora. With Federal Taxpayers Registry number AUPE-501019-NQ0; who I know
personally and with legal capacity to contract and commit himself of which I
attest; and having been warned under the terms of the Penal Code of the State of
Sonora of the penalties incurred in by those who state falsely before a Public
Notary and under formal oath of saying the truth,
SAID-------------------------------------------------------------------------------

That he assists to grant and grants in favor of Mr. CONRADO ACUÑA ARANDA the
following
powers-------------------------------------------------------------------------------------

WIDEST BERTH GENERAL POWER FOR LITIGATION AND COLLECTION, FOR ACTS OF
ADMINISTRATION AND ACTS OF DOMINION, with all general faculties and those
special requiring a special clause per Law and without limitation at all under
the terms of article 2831 of the Civil Code for the State of Sonora, with all
the special faculties enumerated in article 2868 of the same ordinance and in
agreement with its related ones, articles 2554 and 2587 of the Civil Code for
the Federal District and those in conformity belonging to the Civil Codes of the
rest of the States of the Mexican
Republic------------------------------------------------------------------------------------

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To present complaints of all kinds, ratify them and demand payment in reparation
of damages, to promote privileged suits of law and to desist from complaints, of
the privileged suits of law and of its incidents; to grant pardon when
convenient; to articulate and absolve positions; to promote auctions, bid and
raise offers, request the award of goods and carry out any act in any suit of
law or procedure------------------------

To function with the personality, faculties and obligations indicated in article
11 of the Federal Law of Labor and for all purposes indicated in articles 692,
713, 876 and related ones of the same Law and thus names him Administrations
Manager------------------------

To subscribe and endorse titles of credit with any character or situation under
the terms of article NINE of the General Law of Titles and Credit Operations; to
celebrate contracts, civil and mercantile operations of any kind and
type-------------------------------

Regarding payment of income tax, having been warned incurred in by those who
declare falsely and under formal protest of stating the truth, the appearing
party stated to be current on such matter, but did not give proof of
it------------------------------------------

This Public Writ having been read to the appearing party, I explained to him the
worth, reach and legal consequence of its content and being in agreement with
its content and terms, he ratified it and signed it before me: I SO GIVE
FAITH-----------------------------

Emilio Acuña Peralta – David Martín Magaña Monreal – Signatures – Notary
Seal.----------------------------------------------------------------------------------------------------

At Hermosillo, Sonora on the 18th February 2008 and I authorize this present
Public Writ. I SO GIVE
FAITH-----------------------------------------------------------------

David Martin Magaña Monreal, Attorney, – Signature – Notary
Seal------------------

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PUBLIC WRIT NUMBER 25,243

Public Notary number 16

TAKEN FROM ITS MATRIX THIS FIRST TESTIMONY IS MADE UP OF TWO USEFUL PAGES ONE
CORRESPONDING TO THE REPRODUCTION OF THE INSTRUMENT IN THE PROTOCOL IN MY CHARGE
AND OF ITS AUTHORIZATION, AND AN ADDITIONAL PAGE TO ANNEX 1, SAME THAT WERE
FAITHFULLY COMPARED WITH THE ORIGINAL, WHICH I ISSUE FOR USE BY THE EMPOWERED
SUBJECT AT HERMOSILLO, SONORA, MEXICO ON THE 18TH FEBRUARY 2008. I SO GIVE
FAITH.

DAVID MARTÍN MAGAÑA MONREAL

PUBLIC NOTARY NUMBER 16

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PUBLIC WRIT NUMBER 25,243

VOLUME: 257

TRANSCRIPT OF ARTICLE 2831 OF THE CIVIL CODE FOR THE STATE OF SONORA:

ARTICLE 2831: IN ALL GENERAL POWERS FOR LITIGATION AND COLLECTION IT WILL
SUFFICE TO STATE THAT THEY ARE GRANTED WITH ALL THE GENERAL FACULTIES AND THOSE
SPECIAL REQUIRING A SPECIAL CLAUSE PER LAW THAT THEY MAY BE UNDERSTOOD CONFERRED
WITHOUT ANY LIMITATION WHATSOEVER.

IN THE GENERAL POWERS FOR THE ADMINISTRATION OF GOODS, IT WILL SUFFICE TO STATE
THAT THEY WILL ENJOY SUCH A CHARACTER IN ORDER FOR THE PROXY BE ENABLED WITH ALL
ADMINISTRATIVE FACULTIES.

IN THE GENERAL POWERS TO EXERCISE ACTS OF DOMINION, IT WILL SUFFICE THEY BE
GIVEN IN SUCH A CHARACTER IN ORDER FOR THE PROXY BE ENABLED WITH ALL THE
FACULTIES OF OWNER, BOTH REGARDING THE GOODS AND IN ORDER TO CARRY OUT ALL KINDS
OF EFFORTS TO DEFEND THEM.

WHEN THEY WISH TO BE LIMITED IN THE THREE AFORE MENTIONED CASES, THE FACULTIES
OF THE PROXIES WILL BE CONSIGNED WITH SUCH LIMITATIONS OR THE POWERS WILL BE
SPECIAL.

PUBLIC NOTARIES WILL INSERT THIS ARTICLE IN THE TESTIMONIES OF THE POWERS THAT
ARE GRANTED.

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THERE FOLLOWS PUBLIC NOTARY LEGEND BY MRS. ELSA ORDÓÑEZ ORDÓÑEZ, ATTORNEY AND
ACTING NOTARY PUBLIC ASCRIBED TO PUBLIC NOTARY NUMBER 28 OF THE CITY OF
CHIHUAHUA, MADE UP OF TWO PAGES AND ISSUED ON 19TH MARCH 2009 AUTHORIZING AND
GIVING
FAITH------------------------------------------------------------------------------------

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THERE FOLLOWS PUBLIC NOTARY LEGEND BY MRS. ELSA ORDÓÑEZ ORDÓÑEZ, ATTORNEY AND
ACTING NOTARY PUBLIC ASCRIBED TO PUBLIC NOTARY NUMBER 28 OF THE CITY OF
CHIHUAHUA, MADE UP OF TWO PAGES AND ISSUED ON 19TH MARCH 2009 AUTHORIZING AND
GIVING
FAITH------------------------------------------------------------------------------------

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