| 1. | Work and Fees |
|----|---------------|

| 2. | Third-Party Charges |
|----|---------------------|

| 3. | Invoices & Payment |
|----|------------------------|

| 4. | Term |
|----|------|

----

| 5. | Press |
|----|-------|

| 6. | Warranties |
|----|------------|

| 7. | Indemnification |
|----|-----------------|

| 8. | General |
|----|---------|

|  Sincerely,            |                            |                |                |            |
|-----------------------------|---------------------------------|---------------------|---------------------|-----------------|
|                        |                            |                |                |            |   |
| John Abbott                 |                            |                |                |            |
| CEO                         |                            |                |                |            |
| Quepasa Corporation         |                            |                |                |            |
|                        |                            |                |                |            |   |
| Approved and Agreed:        |                            |                |                |            |
|                        |                            |                |                |            |   |
| Altos Hornos de México |                            | Quepasa Corporation |                |
|                        |                            |                |                |            |   |
| Signed:           | /s/ Alonso Ancira Elizondo |                | Signed:   | /s/ John Abbott |   |
| Name:                       | Alonso Ancira Elizondo          |                | Name:               | John Abbott     |   |
| Title:                      | Chairman of the Board      |                | Title:              | CEO             |   |
| Date:                       | April 14, 2010                  |                | Date:               | April 14, 2010  |   |

----

| ● | AHMSA Corporate Site |
|---------|----------------------|

|   | o | Corporate site beta launch |
|--------|---|----------------------------|

|   | o | Corporate site serving and hosting |
|--------|---|------------------------------------|

|   | o | Corporate site feature launch (promotional application) |
|--------|---|---------------------------------------------------------|

|   | o | Corporate site official launch |
|--------|---|--------------------------------|

|   | o | Corporate site feature launch (social media integration) |
|--------|---|----------------------------------------------------------|

|   | o | Corporate site feature launch (interactive widget) |
|--------|---|----------------------------------------------------|

| ● | Social Media Marketing Campaigns |
|---------|----------------------------------|

|   | o | Campaign 1: |
|--------|---|-------------|

|   | § | Interactive Game Application & Campaign |
|--------|--------|---------------------------------------------|

|   | § | Prizing and fulfillment |
|--------|--------|-------------------------|

|   | o | Campaign 2: |
|--------|---|-------------|

|   | § | AHMSA Corporate Art Design DSM Campaign |
|--------|--------|-----------------------------------------|

|   | § | Prizing and Fulfillment |
|--------|--------|-------------------------|

|   | o | Campaign 3: |
|--------|---|-------------|

|   | § | Video Submission-Based DSM Promotion |
|--------|--------|--------------------------------------|

|   | § | Prizing and Fulfillment |
|--------|--------|-------------------------|

----

| Milestone                                                |   | Deadline              |   | Fee($US) |       |
|----------------------------------------------------------|--------|-----------------------|--------|----------|------------|
| Up Front Payment                                         |   | May 1, 2010           |   |     | 1,000,000  |   |
|                                                     |   |                  |   |     |       |   |
| AHMSA Corporate Site                                     |   |                  |   |     |       |   |
| Corporate Site Beta Launch                               |   | May 1, 2010           |   |     | 100,000.00 |   |
| Corporate site serving and hosting*                      |   | May 1, 2010 - ongoing |   | tbd      |       |
| Corporate Site Feature Launch (Promotional Application)  |   | July 15, 2010         |   |     | 100,000.00 |   |
| Corporate Site Official Launch                           |   | September 1, 2010     |   |     | 100,000.00 |   |
| Corporate Site Feature Launch (social media integration) |   | November 15, 2010     |   |     | 100,000.00 |   |
| Corporate Site Feature Launch (Interactive widget)       |   | February 1, 2011      |   |     | 100,000.00 |   |
| Corporate Site Total                                     |   |                  |   |     | 500,000.00 |   |
|                                                     |   |                  |   |     |       |   |
| Social Media Marketing Campaigns                         |   |                  |   |     |       |   |
| Campaign 1                                               |   |                  |   |     |       |   |
| Interactive Game Application & Campaign              |   | July 15, 2010         |   |     | 333,333.33 |   |
| Prizing and Fulfillment                                  |   | October 15, 2010      |   |     | 333,333.33 |   |
| Campaign 2                                               |   |                  |   |     |       |   |
| AHMSA Corporate Art Design DSM Campaign                  |   | September 1, 2010     |   |     | 333,333.33 |   |
| Prizing and Fulfillment                                  |   | December 1, 2010      |   |     | 333,333.33 |   |
| Campaign 3                                               |   |                  |   |     |       |   |
| Video Submission-Based DSM Promotion                     |   | November 15, 2010     |   |     | 333,333.33 |   |
| Prizing and Fulfillment                                  |   | November 15, 2010     |   |     | 333,333.33 |   |
| Marketing Campaigns Total                                |   |                  |   |     | 2,000,000  |   |
| Grand Total                                              |   |                  |   |     | 3,500,000  |   |

----

----

| Date              |   | Due ($ US) |         |
|-------------------|--------|------------|--------------|
| May 1, 2010       |   |       | 1,100,000.00 |   |
| July 15, 2010     |   |       | 500,000.00   |   |
| September 1, 2010 |   |       | 500,000.00   |   |
| October 15, 2010  |   |       | 333,333.33   |   |
| November 15, 2010 |   |       | 300,000.00   |   |
| December 1, 2010  |   |       | 333,333.33   |   |
| February 1, 2011  |   |       | 100,000.00   |   |
| February 15, 2011 |   |       | 333,333.33   |   |
| Total             |   |       | 3,500,000.00 |   |