Chile Mining Technologies Inc.: Exhibit 10.9 - Filed by newsfilecorp.com






Exhibit 10.9

NOMINEE AGREEMENT 

THIS AGREEMENT made as of May 12, 2010 between Jorge
Osvaldo Orellana Orellana (the “Nominee”) and Latin America Ventures Inc., a
Nevada corporation (the “Owner”). 

BACKGROUND 

The Owner is the sole beneficial owner of all shares of the
issued and outstanding equity shares (the “Shares”) of Sociedad Minera
Licancabur S.A., a Chilean company (the “Company”) and all related rights and
interests. For reasons related to the laws of the Republic of Chile, the Nominee
is the registered holder of 1 Share (the “Nominee Share”) of the Company. It has
been agreed between the Nominee and the Owner, that for the time being the
Nominee Shares will remain registered in the name of the Nominee and that the
Nominee shall hold, as nominee for the Owner on the terms and subject to the
conditions hereinafter set forth, the Nominee Shares and all related rights and
interests that the Owner may from time to time assign to the Nominee (such
Shares and related rights and interests are collectively called the “Nominee
Shares and Rights”), the Nominee having itself no beneficial interest in the
Nominee Shares and Rights. 

AGREEMENT 

NOW THEREFORE THIS AGREEMENT WITNESSES that, in
consideration of the premises and the mutual covenants, conditions and
agreements herein contained, and for other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged), the parties hereto
hereby covenant and agree as follows: 

	1. 	
      The Nominee hereby acknowledges, declares, covenants and
      agrees that:

	 	 	 
		(a) 	
      the Nominee will hold, as and from the date hereof, the
      Nominee Shares and Rights, and all right, title and interest therein and
      benefit to be derived therefrom, as nominee for and on behalf of the
      Owner;

	 	 	 
		(b) 	
      the Nominee otherwise has no legal or beneficial interest
      in the Nominee Shares and Rights; and

	 	 	 
		(c) 	
      all other attributes of the beneficial ownership of the
      Nominee Shares and Rights shall be and remain in the Owner.

	 	 	 
	2. 	
      The Nominee covenants and agrees, subject to the
      indemnity hereinafter provided, that it shall at all times and from time
      to time deal with the Nominee Shares and Rights as nominee for the Owner
      only in accordance with the written or verbal instructions and directions
      of the Owner and not otherwise; and that it will do no act relating to the
      Nominee Shares and Rights, including the exercise of any voting rights,
      without the express authorization and direction of the Owner, and that it
      has no active or independent duties to perform in respect of the Nominee
      Shares and Rights except as may be specifically provided for
  herein.












	
3. 		
The Nominee shall enter into, and execute and deliver as nominee for the Owner only, all such instruments, including, without limitation, all such documents, assignments, transfers, pledges, assignments and surrenders of personal
property security contracts and other agreements, (collectively called “instruments’) as may from time to time be requested by the Owner in connection with the Nominee Shares and Rights, including without limiting the generality of the
foregoing a conveyance and transfer in registrable and/or other form(s) of all right, title and interest of the Nominee in the Nominee Shares and Rights.

	
	 	 
	
4. 		
The Nominee acknowledges, declares, covenants and agrees that all dividends, distributions, and other receipts and revenues of any nature or kind arising from the Nominee Shares and Rights or the use thereof shall belong legally
and beneficially to the Owner, and that the Nominee has no legal or beneficial interest in such dividends, distributions, and other receipts and revenues. The Nominee shall, subject to the rights of any mortgagee, pledgee, or other secured creditor,
promptly remit to the Owner all dividends, distributions, and other receipts and revenues of any nature or kind arising from the Nominee Shares and Rights which may be received by the Nominee as nominal party to any instrument. The Nominee shall
incur no liability to any person for making any such remittance as directed in any notice from any such mortgagee, pledgee or other secured creditor, or, in the absence of such notice, pursuant to a direction from the Owner. The Nominee shall, at
the request and expense of the Owner, account to the Owner for all sums received with respect to the Nominee Shares and Rights.

	
	 	 
	
5. 		
The Nominee shall promptly deliver to the Owner all instruments with respect to the Nominee Shares and Rights, together with all recording information relative thereto, to the extent that the Nominee may come into possession of
any thereof.

	
	 	 
	
6. 		
The Nominee shall promptly transmit to the Owner copies of all notices, claims, demands or other communications which the Nominee may receive and which relate in any way to the Nominee Shares and Rights. The Nominee, upon the
request of the Owner, shall be a nominal party to any action in response to or as a consequence of any such matter. Any such action, proceeding, negotiation or other response shall be conducted by the Owner, with counsel selected by him, and the
Nominee shall not, nor shall it be obligated to, take any such action itself, its only obligation being that of a nominal party thereto subject to the indemnity hereinafter provided.

	
	 	 
	
7. 		
The Owner acknowledges, declares, covenants and agrees that he shall be responsible for all encumbrances, charges, costs, expenses, losses, damages, claims, demands and liabilities in any way connected with or related to the
Nominee Shares and Rights (collectively called “expenses”), that the Nominee has no active duties to perform in connection with the Nominee Shares and Rights, and that all obligations (including any mortgage or pledge obligations),
responsibilities, acts or omissions pertaining to the Nominee Shares and Rights shall be the responsibility of and shall be performed or omitted to be performed by the Owner.

	
	 	 
	
8. 		
The Owner hereby releases the Nominee from any and all liability that the Nominee may incur in respect of any action taken by the Nominee either pursuant to the authorization or direction of the Owner or pursuant to the terms of
      this Agreement. The Owner shall indemnify and hold the Nominee harmless
      from all liabilities of whatsoever kind and character that may arise out
      of any act or omission by the Nominee pursuant to the terms of this
      Agreement and from the said expenses, obligations and responsibilities
      during the entire period of time that the Nominee Shares and Rights is
      vested in the Nominee pursuant to this Agreement.

	









	9. 	
      It is understood and agreed between the parties hereto
      that the relationship between them shall be that of principal and bare
      nominee only, that there is no intention to create a relationship of
      partnership, or agency between the Owner and the Nominee, and that this
      Agreement should not be construed to create any trust, association or
      joint venture between the Owner and the Nominee.

	 	 
	10. 	
      Each of the parties hereto covenants that it will from
      time to time as may be deemed necessary and requisite do all such acts and
      effect such further and other assurances as may be reasonable necessary or
      desirable to effect and carry out the true intent and purpose of this
      Agreement.

	 	 
	11. 	
      This Agreement shall be construed in accordance with and
      governed by the laws of the State of New York.

	 	 
	12. 	
      This Agreement shall be binding upon and inure to the
      benefit of the parties hereto and their respective successors and
      assigns.



IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the date first above written. 

___________________________________ 
Jorge Osvaldo Orellana
Orellana 


Latin America Ventures, Inc. 

By: ___________________________

Name:
_________________________

Title: _________________________