Document:

First Assignment & Amendment to Services agreement dated as of 08/01/2011

 Exhibit 10.4 
 ASSIGNMENT AND AMENDMENT TO SERVICES AGREEMENT 
 This Assignment and
Amendment (the “Amendment”), effective as of August 1, 2011, among Tigris Financial Group Ltd. (“Provider”), Silver Opportunity Partners LLC (“SOP”) and Sunshine Silver Mines Corporation
(“Sunshine”), 
 WITNESSETH: 
 WHEREAS, Provider and SOP entered into a Services Agreement, effective as of May 11, 2010 (the “Services Agreement”), and 

WHEREAS, effective August 1, 2011, Provider will provide the Services (as such term is defined in the Services Agreement) to
Sunshine, and 
 WHEREAS, effective August 1, 2011, SOP wishes to assign the Services Agreement to Sunshine and to amend
the Services Agreement accordingly to remove SOP as the Recipient (as such term is defined in the Services Agreement), such party to be replaced by Sunshine. 
 NOW, THEREFORE, in consideration of the promises and covenants contained herein, the parties hereto agree as follows: 

	 	1.	The parties hereto consent to the assignment of the Services Agreement by SOP to Sunshine. 

 

	 	2.	The Services Agreement is hereby amended to replace SOP with Sunshine as the Recipient (as such term is defined in the Services Agreement). 

 

	 	3.	Section 3 (Termination) of the Services Agreement is hereby amended and restated to read, in its entirety, as follows: 

 

	 	3.	Termination. The term of this Agreement shall commence on the date hereof. This Agreement may be terminated upon mutual consent of the parties. Following
termination of this Agreement, Recipient shall remain liable for any accrued but unpaid Fees. Sections 4, 5, 6 and 7 shall survive the termination of this Agreement. 

 

	 	4.	Except as specifically amended by this Amendment, the Services Agreement, including all exhibits thereto, shall remain in full force and effect.

  

	 	5.	This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts
together shall constitute one and the same instrument. 

 [signature page to follow] 

 

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

			
	TIGRIS FINANCIAL GROUP LTD.
		
	By:	 	/s/ William Natbony
	Name:	 	William Natbony
	Title:	 	Chairman
	  
 SILVER OPPORTUNITY PARTNERS LLC

		
	By:	 	/s/ Roger Johnson
	Name:	 	Roger Johnson
	Title:	 	Treasurer
	  
 SUNSHINE SILVER MINES CORPORATION

		
	By:	 	/s/ Roger Johnson
	Name:	 	Roger Johnson
	Title:	 	CFO

  
 2Services Agreement dated as of March 1, 2011

 Exhibit 10.5 
 SERVICES AGREEMENT 
 This Services Agreement (this
“Agreement”) is effective as of March 1, 2011, between Tigris Financial Group Ltd. (“Provider”) and Sunshine Silver Mines Corporation (“Recipient”). 

WHEREAS Provider has the resources and capacity to provide certain professional consulting and administrative services that may be useful
to Recipient; and 
 WHEREAS Recipient desires to utilize such services, and Provider is willing to provide such services to
Recipient, subject to the terms of this Agreement. 
 NOW, THEREFORE, the parties agree as follows: 

 

	 	1.	Services. During the term of this Agreement, Provider shall provide to Recipient the services described on Exhibit A to this Agreement, as well as
any additional services to which the parties may mutually agree from time to time (the “Services”). Provider shall provide the Services on an as-required basis as mutually determined by Provider and Recipient from time to time.
Provider shall use that degree of skill, care and diligence in the performance of the Services that (a) a reasonable person would use acting in like circumstances and in accordance with applicable laws and regulations and (b) is no less
than that exercised by Provider with respect to comparable services that it performs on its own behalf. 

  

	 	2.	Consideration. 

  

	 	a.	Expenses. During the term of this Agreement, Provider shall charge Recipient at cost for any out-of-pocket expenses. The amounts to be charged to Recipient under
this Section 2(a) are referred to herein as the “Expenses.” 

  

	 	b.	Payment. Provider shall bill Recipient for the Expenses at the end of each quarter or other periodic basis as the parties may agree from time to time. Recipient
shall pay the amount of the Expenses shown on the applicable invoice within 30 days of receipt of the invoice. 

  

	 	c.	Books and Records. Provider shall use commercially reasonable efforts to maintain appropriate invoices and other documentation substantiating the Expenses. Upon
reasonable advance notice, Recipient may review such records at any time to determine whether the Expenses are proper under this Agreement. 

  

	 	3.	Termination. The term of this Agreement shall commence on the date hereof. This Agreement may be terminated with or without cause by either party upon 30
days’ prior written notice to the other party. Following termination of this Agreement, Recipient shall remain liable for any accrued but unpaid Expenses. Sections 4, 5, 6 and 7 shall survive the termination of this Agreement.

  

	 	4.	 Independent Contractor. The relationship of the parties hereto is that of contracting parties, and no partnership, joint venture or other
similar arrangement is created hereby. Provider is not entitled to any compensation or employee benefits that would 

	 	
accrue to any employee provided by Provider if such employee were an employee of Recipient. 

  

	 	5.	Limitation of Liability. Provider shall not be liable, responsible or accountable, in damages or otherwise, to Recipient for any act or omission performed
or omitted by Provider in good faith on behalf of Recipient and in a manner reasonably believed by Provider to be within the scope of the authority conferred upon Provider hereunder and in the interests of Recipient. 

 

	 	6.	Confidentiality. Provider shall, and shall cause its employees and representatives to, keep confidential all information in the possession of Provider
that in any way relates to Recipient, provided that Provider and its employees and representatives may disclose such information to the extent reasonably necessary or advisable in connection with the performance of the Services. In addition,
Provider and its employees or representatives may disclose information (a) which is, or becomes, publicly available, other than by reason of a breach of this Section 6, (b) received from a third party not known to be bound by any duty
of confidentiality to Recipient, or (c) required by applicable law or legal process to be disclosed. 

  

	 	7.	Indemnity. Recipient shall indemnify, defend and hold harmless Provider and its owners, affiliates, officers, directors, employees, agents and
representatives (collectively, the “Provider Parties”) from and against any and all claims, losses, damages, liabilities and expenses (including reasonable attorneys’ fees) of any nature whatsoever arising out of or in
connection with this Agreement, except to the extent attributable to the gross negligence or willful misconduct of one of the Provider Parties. 

  

	 	8.	Miscellaneous. 

  

	 	a.	Further Assurances. From time to time, each party shall execute and deliver such further instruments and take such further action as the other party reasonably
requests in order to discharge and perform the obligations and agreements hereunder. 

  

	 	b.	Assignment. This Agreement may not be assigned by either party without the prior written consent of the other party; provided, however, that
Provider may delegate any of its obligations hereunder to any third party (subject to receiving comparable assurances of confidentiality), including to affiliates of Provider. 

 

	 	c.	Reparability. The invalidity or unenforceability of any provision in this Agreement shall not affect the other provisions hereof, and this Agreement shall be
construed in all respects as if such invalid or unenforceable provision were omitted. 

  

	 	d.	 Interpretation: Jurisdiction. This Agreement shall be interpreted and construed in accordance with the laws of the State of New York, without
reference to the rules governing conflicts of laws. The parties hereto consent to personal jurisdiction and venue in the State of New York, County of New York, with respect to any action or proceeding brought in connection with this Agreement. The
captions of 

  
 2 

	 	
sections of this Agreement have been inserted as a matter of convenience only and shall not control or affect the meaning or construction of any of the terms or provisions hereof.

  

	 	e.	Entire Agreement. The parties agree that all understandings and agreements heretofore made among them are merged in this Agreement, which alone fully and
completely expresses their agreement with respect to the subject matter hereof. There are no promises, agreements, conditions, understandings, warranties or representations, oral or written, express or implied, among the parties hereto, other than
as set forth in this Agreement. 

  

	 	f.	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original. 

 

	 	g.	Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and permitted
assigns. 

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

  

			
	TIGRIS FINANCIAL GROUP LTD.
		
	By:	 	 /s/ William Natbony

	Name:	 	William Natbony
	Title:	 	CEO

  

			
	SUNSHINE SILVER MINES CORPORATION
		
	By:	 	 /s/ Michael Williams

	Name:	 	Michael Williams
	Title:	 	President

  
 3 

 EXHIBIT A – SERVICES 

 

	•	 	 General business, investment, management and/or financial advice 

 

	•	 	 Internal bookkeeping services 

  

	•	 	 General administrative services, including setting up Recipient’s banking services, bill paying, investing excess cash balances in U.S. treasury
money market funds and authorizing payments to third parties 

  

	•	 	 Network and communications services 

  

	•	 	 Supervision of outside service providers (e.g., lawyers, accountants, auditors, advisers, human resources) 

 

	•	 	 Such other services as the parties may agree from time to time

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