Document:

10.18

  ONEROUS TRANSFER OF MINING RIGHTS CONTRACT CELEBRATED ON ONE HAND BY A) CORPORACIÓN AMERMIN, S. A. DE C. V., REPRESENTED IN THIS ACT BY MR. RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS LEGAL REPRESENTATIVES (THE PRINCIPAL) AND ON THE OTHER BY B) AMERICAN COPPER MINING, S. A. DE C. V., REPRESENTED IN THIS ACT BY RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS GENERAL PROXY (THE ASSIGNEE), JOINTLY NAMED THE “PARTIES” IN ACCORDANCE WITH THE FOLLOWING DECLARATIONS AND CLAUSES:
 

 

 DECLARATIONS
 

 

 I.
 The PRINCIPAL through the offices of his 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 in operation according to the applicable and current legal dispositions in the United States of Mexico, as prescribed in articles 10 and 11 of the Mining Law and evinced in Public Writ number 9,311 granted on the 9th August 1995 before testimony of Mr. José R. Miller Hermosillo, Public Notary number 2 for the Morelos Judicial District of the State of Chihuahua and instrument that was duly inscribed in the Public Registry of Commerce of said judicial district under electronic mercantile folio number 21164*10 and reason it enjoys the required and sufficient personality to intervene in this present judicial act;
 

 

 2. Its representative enjoys the mandates, powers and necessary and sufficient faculties to subscribe this present contract as evinced in Public Writ number 22,503 granted on the 12th June 2008 before testimony of Mrs. Elsa Ordóñez Ordóñez, Attorney and applicant to the office of Notary Public and ascribed to Notary Public number 28 of the Morelos Judicial District, State of Chihuahua, and acting as Notary per license of its Holder, Mr. Felipe Colomo Castro, Attorney, and instrument that was duly inscribed in the Public Registry of Property and Commerce under electronic mercantile folio number 21164*10 as of the 1st July 2008, and same that to date have not been restrained, limited, suspended or revoked, and reason by which he enjoys the necessary capacity to sign this agreement.
 

 3. It is duly inscribed in the Federal Taxpayers Registry under Identification Certificate CAM-950810-K77, and being to date current in its income tax payments and other contributions that have corresponded to it in accordance to the applicable and current fiscal legislation.
 

  4. To be the title holder of 100 % (one hundred per cent) of the mining rights derived of the three concessions granted on 3 (three) mining lots described in detail following (the CONCESSIONS):
 

 

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	 Title
	 Lot
	 Surface
	 Location

	 230,553
	 Picacho Fracc. I
	 3,813.2627 Hectares
	 Bacoachi, Sonora
  Arizpe, Sonora

	 230,554
	 Picacho Fracc. II
	 3.8639 Hectares
	 Bacoachi, Sonora
  Arizpe, Sonora

	 230,555
	 Picacho Fracc. III
	 6.3448 Hectares
	 Bacoachi, Sonora
  Arizpe, Sonora

  

 

 5. To date the rights and other contributions that have corresponded to keep the CONCESSIONS current and in good state have duly been paid for, in addition to have fulfilled properly with the rest of the obligations of the Mining Law and its Rulings among other applicable and current legal dispositions it imposes on title holders of this kind of administrative authorizations;
 

 6. The CONCESSIONS are free of lien, of any burden, attachment or limitation in ownership of whatever kind, and it is legally possible to make use of same as may agreed upon, either partially or in total;
 

 7. Making use of the rights derived from the CONCESSIONS under the terms of this present instrument does not imply a non compliance to any commitments acquired prior on the part of the corporation;
 

 8. The Administrations Board of the corporation has authorized the celebration of this present contract as it is in harmony with ends and the social object of said corporation;
 

 9. It is the will of its Administration Board to subscribe this present agreement with the purpose of transferring in favor of the ASSIGNEE the title holding of the mining rights derived from the CONCESSIONS, heeding in every instance to the terms and conditions of this instrument.
 

 

 II.
 The ASSIGNEE declares through the offices of its legal representative and under oath of stating the truth, that:
 

 1. It is a Mexican mercantile society, specifically a Stock Company with Varying Amount of Capital, duly established and in operation according to the applicable and current legal dispositions in the United States of Mexico, as prescribed in articles 10 and 11 of the Mining Law and evinced in Public Writ number 17,348 granted on the 18th December 2006 before testimony of Mr. Eugenio Fernando García Russek, at that time applicant to the exercise of Public Notary and ascribed to Public Notary number 28 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 
 

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 23,391*10 as of the 29th January 2007, and reason it enjoys the required personality to subscribed this present contract;
 

 2. Its representative enjoys the mandates, powers and necessary and sufficient faculties to subscribe this present contract as evinced in Public Writ number 17,348 and granted on the 18th December 2006 in attention to the prescriptions of articles 10 and 11 of the Mining Law before testimony of Mr. Eugenio Fernando García Russek, at that time applicant to the exercise of Public Notary and ascribed to Public Notary number 28 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 as of the 6th October 2009 by virtue of which the resolutions adopted during the ASSIGNE’S Ordinary Shareholders General Assembly were protocolized and celebrated on the 25th June 2009, and same that to date have not been limited, restrained, suspended or revoked.
 

 3. It has been registered in due manner before the Public Registry of Mines in its character of “Mining Society” with the purposes of enjoying the required legitimacy to be known publicly as title holder of all kinds f mining rights, bearing in mind that in its social object is expressly included the possibility of carrying out all kinds of activities in the mining field as is the case of this present agreement. Such paper work lies under Act 287, page 144 of Volume XL of the Book of Mining Societies as of the 4th September 2009.
 

 4. It is duly inscribed in the Federal Taxpayers Registry under Identification Certificate ACM-061220-TIA, and being to date current in its income tax payments and other contributions that have corresponded to it in accordance to the applicable and current fiscal legislation, and;
 

 5. It is the will of its Administration Board to subscribe this present agreement with the purpose it be transferred to it the title holding of the mining rights derived from the CONCESSIONS, heeding in every instance to the terms and conditions of this instrument.
 

 

 III.
 PARTIES declare through the offices of their respective General Proxies, under oath of stating the truth, that they acknowledge the personality with which they appear in addition to assist to the subscription of this contract in good faith, free of any deceit, error, violence or any vitiation in their consent with the purpose of committing themselves to the following:
 

 

 CLAUSES
 

 

 FIRST—OBJECT: In attention with article 2,029 as well as with article 2,248 of the Federal Civil of complementary application in agreement with article 23, last paragraph of 
 

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 the Mining Law, as well as with the 2nd article of the Code of Commerce, by virtue of the subscription of this present contract, the PRINCIPAL onerously and definitely transfers in favor of the ASSIGNEE, free of any lien, burden, attachment or limitation of ownership of any kind, 100 % (one hundred per cent) of the mining rights derived from the CONCESSIONS, receiving in exchange as counterclaim the certain and determined price described in the forthcoming clauses.
 

 

 SECOND—PRICE: As counterclaim for the transfer already described, the ASSIGNEE commits itself to pay in favor of the PRINCIPAL the amount of $190,000.00 Dollars (One hundred and ninety thousand Dollars 00/100 in American Currency), Value Added Tax included (the PRICE) heeding in every instance to the terms and conditions agreed upon in this instrument.
 

 THIRD—ORDINARY INTERESTS: The ASSIGNEE commits itself to pay additionally to the PRICE per concept of ordinary interests, the rate resulting from the addition of 3.25 (three point twenty five) percentual points to the current LIBOR rate (London InterBank Offered Rate) per year, in the understanding that such interests must be estimated on unpaid balance as corresponds.
 

 PARTIES agree that the ASSIGNEE will not pay any moratorium interests due to any delay in complying to one or more of the partialities stipulated in this present contract.
 

 FOURTH—MANNER, TIME AND PLACE OF PAYMENT: The ASSIGNEE commits itself to pay the PRICE in favor of the PRINCIPAL as per the schedule of payments indicated following;
 

 1. As of the sate of signature of this present instrument the amount of $5,000.00 
 Dollars (five thousand Dollars 00/100 in American Currency) Value Tax   Included;
 

 2. The amount of $5,000.00 
 Dollars (five thousand Dollars 00/100 in American   Currency) Value Tax Included;
 

 3. the amount of $5,000.00 
 Dollars (five thousand Dollars 00/100 in American   Currency) Value Tax Included;
 

 4. The balance of the PRICE, that is, the amount of $175,000.00 Dollars (One 
 hundred and seventy five thousand Dollars in United States Currency) Value   Added   Tax included, at the latest on the 4th May 2014.
 

 Payment of PRICE that the ASSIGNEE will honor in favor of the PRINCIPAL must be done by means of nominal check issued to the name of this latter or by means of an electronic transfer of funds into bank account that to such an effect will be determined by the PRINCIPAL, the ASSIGNEE enjoying the option of selecting any of the means of payment before mentioned. In case the ASSIGNEE chooses to pay the PRICE through 
 

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 nominal checks issued to the name of the PRINCIPAL, place of delivery of same will be at the address indicated by the latter as agreed upon in the Eleventh Clause.
 

 FIFTH—ADVANCE PAYMENT: The ASSIGNEE can pay part or the whole of the PRICE in advance without having to incur in any additional amount for complying in advance to his obligations of debt. In this case, the interests will be adjusted as may proceed to the actual payment upon the date of payment.
 

 SIXTH—SAFEKEEPING IN CASE OF EVICTION: The PRINCIPAL obliges itself to answer to the ASSIGNEE for the safekeeping in case of eviction from the CONCESSIONS as per the dispositions of article 2,283, Fraction III of the Federal Civil code among other applicable legal dispositions.
 

 SEVENTH—ADMINISTRATIVE OBLIGATIONS: The ASSIGNEE expressly obliges itself to up keep the CONCESSIONS current complying to such an effect by carrying out the paper work and the payment of the corresponding rights, subjecting itself to the general dispositions and Mexican Official Standards of the Mining and Metallurgical Industry as per article 27 of the Mining Law, among other that are applicable, its Rulings and other applicable and current legislation.
 

 EIGHTH—FORMALIZATION OF THE TRANSFER OF RIGHTS: PARTIES commit themselves to ratify before Notary Public or Public Broker this present document as soon as possible with the purpose that same be inscribed for purposes of publicity and opposition before third parties at the Public Registry of Mines, a dependency of the Secretary of the Economy under the terms of the Mining Law, its Rulings and other applicable and current legislation.
 

 NINTH—EXPENSES: The whole of expenses, taxes, fees, rights and whatever other expenditure that must be taken for the subscription and ratification of this present contract, as well as for the paper work to inscribe it before the Public Registry of Mines will be covered by the ASSIGNEE.
 

 TENTH—PROOF OF PAYMENT: Against the payment of partialities of the PRICE, the PRINCIPAL commits itself to issue and deliver as soon as possible in favor of the ASSIGNEE the vouchers meeting the requirements imposed by the applicable and current fiscal legislation.
 

 ELEVENTH—DURATION: PARTIES agree that the duration of this present contract will begin as of this same date until the 31st March 2014, date line to liquidate the totality of the PRICE.
 

 TWELFTH—FISCAL OBLIGATIONS: Upon being registered and inscribed before the Federal Taxpayers Registry, as well as being to date in their income tax payments and other contributions corresponding to them to date, PARTIES agree that each will defray in separate tax payments that individually pertain to each in compliances to the terms and conditions of this present instrument, complying thus with the applicable and current fiscal 
 

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 legislation, and committing themselves to liberate their counterpart of any fiscal responsibility that might be imputed contrary to this clause by competent authorities.
 

 THIRTEENTH— ADDRESSES AND CONTACT TELEPHONES: PARTIES agree in making known as their addresses and contact telephones for anything referring to the execution and compliance of the terms and conditions of this present instrument, as well as to render announcements, notifications and whatever other communication needed relative with same, as follows:
 

 	 	
	 PRINCIPAL
 

 Calle California 5101 Despacho 206
 Col. Haciendas de Santa Fe
 Ciudad de Chihuahua
 Estado de Chihuahua, México
 Phone: 614-200-8483
	 ASSIGNEE
 

 Calle California 5101 Despacho 206
 Col. Haciendas de Santa Fe
 Ciudad de Chihuahua
 Estado de Chihuahua, México
 Phone: 614-200-8483

  

 

 In case of a change in address PARTIES agree in notifying their counterpart of such an event at least five (5) natural days prior of the date in which the change of address takes effect.
 

 FOURTEENTH — 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. 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.
 

 FIFTEENTH— CONTACT PERSONS: PARTIES agree that the totality of announcements, notifications or communications necessary to be carried out between them derived from the terms and conditions of this present instrument must be addressed indistinctly to the following persons:
 

 	 	
	 PRINCIPAL
 

 RAMIRO TREVIZO GONZÁLEZ
 RAMIRO TREVIZO LEDEZMA
	 ASSIGNEE
 

 RAMIRO TREVIZO GONZÁLEZ
 RAMIRO TREVIZO LEDEZMA

  

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  In case it is their will to change contact persons, PARTIES agree in notifying their counterparts of such a circumstance at least five (5) natural days in advance of the date in which the persons are changed. Not complying to the obligation described will imply that announcements, notifications and communications sent and delivered to the name of the original addressees of the PARTY having carried out the change, will bear all legal effects in favor of the PARTY that was not advised opportunely as of the date of delivery and for as long as the non compliance subsists.
 

 SIXTEENTH—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 canceling the totality of the agreements, reports, negotiations, correspondence, commitments and communications carried out previously between them either in writing or verbally.
 

 SEVENTEENTH—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.
 

 EIGHTEENTH—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.
 

 PARTIES BEING 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 TENTH OF MAY OF THE YEAR TWO THOUSAND AND ELEVEN. 
 

 	 	
	 PRINCIPAL
 

 CORPORACIÓN AMERMIN,
 S. A. DE C. V.
 Represented in this act by:
 RAMIRO TREVIZO GONZALEZ
	 ASSIGNEE
 

 AMERICAN COPPER MINING
 S. A. DE C. V.
 Represented in this act by:
 RAMIRO TREVIZO GONZALEZ

  

 

 

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 710.19

  EMPLOYMENT AGREEMENT
 

 THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as of this 1st day of January, 2011, between Tara Gold Resources Corp.  a Nevada corporation (the "Company"), and  Lynda Keeton-Cardno, an individual (the "Executive"), 
 

 RECITALS
 

 WHEREAS, the Executive is desirous of being employed by the Company.
 

 NOW, THEREFORE, in consideration of the mutual agreements herein made, the Company and the Executive do hereby agree as follows:
 

 1. Recitals.  The above recitals are true, correct, and are herein incorporated by reference.
 

 2. Employment.    Subject to the terms and conditions of this Agreement, the Company hereby employs the Executive for the Term (as hereinafter defined), as its Chief Financial Officer. The Executive hereby accepts such employment, upon the terms and conditions hereinafter set forth. The Executive will report to the Company’s Board of Directors. It is understood that the Executive is less than full time and has been, and will continue to be, engaged in other business activities, and will manage his own time to fulfill the executive responsibility.
 

 3. Duties During Employment Period.  During the "Term" (including any renewals thereof) as defined in Section 5 of this Agreement, the Executive shall:
 A. Diligently devote the Executive's time and efforts to the business affairs of the Company and subsidiaries.  The Executive shall have such duties and powers that are commensurate and consistent with those of a Chief Financial Officer, subject to the authority and directions of the Company's Board of Directors; and
               
 B. Devote attention and render services to the Company and shall be employed by the Company according to the terms and conditions of this Agreement.
 

 4. Compensation and Benefits
 A. Salary.  The Executive shall be paid a base salary (the "Base Salary"), payable monthly, in arrears, at an annual rate of $16,000.00    . 
 

 B. Bonus.  As additional compensation, the Executive shall be entitled to receive a bonus ("Bonus") for each fiscal year during the Term, and each Renewal Term, in the amount as to be determined by the Company’s Board of Directors.
 

 C. Employee Benefits.  Do not exist for employees working part-time.
 

 D. Stock.  The Executive shall receive options as may be determined, from time to time, by the Company’s Board of Directors. The Executive shall have the right to sell or transfer any or all of the options, or the shares issuable upon the exercise of the options.   
 

 

 

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 5. Term.   The term of employment hereunder will commence on the Effective Date and end _1 yr_ from such Effective Date (the “Term"), unless terminated pursuant to Section 6, of this Agreement, provided that the Executive and the Company may, upon mutual written consent, renew this Agreement for such duration as may be mutually agreed upon by the parties ("Renewal Term"). For purposes of this Agreement, “Effective Date” shall mean January 1, 2011.
 

 6. Termination of Employment.  
 A. Death.  In the event of the death of the Executive during the Term or Renewal Term of this Agreement, salary shall be paid to the Executive's designated beneficiary, or, in the absence of such designation, to the estate or other legal representative of the Executive for a period of   1 mo   from and after the date of death.  The Company shall also be obligated to pay to the Executive's estate or heirs, as the case may be, any accrued or bonus authorized by a resolution of the Company’s directors. Other death benefits will be paid in accordance with the terms of the Company's benefit programs and plans pertaining to the Company’s employees generally.
 B. Disability.
 1. In the event of the Executive's disability, as hereinafter defined, the Executive shall be entitled to receive the Executive's salary for a period, at the annual rate in effect immediately prior to the commencement of disability, for      1 mo    from the date on which the disability has deemed to occur as hereinafter provided below.  Any amounts provided for in this Section 6B shall be offset by any other disability benefits provided to the Executive by the Company, including the benefits contemplated by Section 4H
 2. "Disability," for the purposes of this Agreement, shall be deemed to have occurred in the event   i) the Executive is unable by reason of sickness or accident to perform the Executive's duties under this Agreement for a cumulative total of twelve (12) weeks within any one calendar year; or 
 ii) the Executive is unable to perform Executive's duties for ninety (90) consecutive days; or 
 

 iii) the Executive has a guardian appointed by a court of competent jurisdiction.  Termination due to disability shall be deemed to have occurred upon the first day of the month following the determination of disability as defined above.
 

 Anything herein to the contrary notwithstanding, if, following a termination of employment hereunder due to disability as provided above, the Executive becomes re-employed by a third party, whether as an executive or as a consultant, any salary, annual incentive payments or other benefits earned by the Executive from such employment shall offset any salary continuation due to the Executive hereunder commencing with the date of re-employment.
 

 C. Termination by the Company for Cause
 1. Nothing herein shall prevent the Company from terminating employment for "Cause" as hereinafter defined.  If terminated for Cause, the Executive shall receive salary only for the period ending with the date of such termination as provided in this Section 6C.  Any rights and benefits the Executive may have in respect of any other compensation shall end on the date the Employee is terminated for Cause.
 2. "Cause" shall mean:
 (a) committing or participating in an injurious act of fraud, gross neglect, intentional misrepresentation, or embezzlement against the Company; or
 

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 (b) committing or participating in any other injurious act or omission wantonly or willfully against the Company, monetarily or otherwise.
 (c) 
 commission of a felony or a crime of moral turpitude.
 (d)  the refusal to follow the lawful instructions of the Company’s Board of Directors.
 (e) any material breach by the Employee of this Agreement.
 

 

 D. Termination Other than for Cause.  
 The foregoing notwithstanding, the Company may terminate the Executive's employment for whatever reason it deems appropriate; provided, however, that in the event such termination is not based on Cause, as provided in Section 6C above, or if Executive's employment is terminated under Sections 6F or 6G hereof, the Company shall continue to be obligated to pay to Executive all salary through the Term, or Renewal Term if any, of this Agreement and any bonuses authorized by a resolution of the Company’s directors and all stock options granted to the executive shall be immediately exercisable .
 

 E. Voluntary Termination. 
  In the event the Executive terminates the Executive's employment on the Executive's own volition (except as provided in Section 6F and/or Section 6G) prior to the expiration of the Term or Renewal Term of this Agreement), such termination shall constitute a voluntary termination and in such event the Executive shall be limited to the same rights and benefits as provided in Section 6C.
 

 F. Constructive Termination of Employment.
   A termination by the Company without Cause under Section 6D shall be deemed to have occurred upon the occurrence of one or more of the following events without the express written consent of the Executive:
 1. a significant change in the nature or scope of the authorities, powers, functions, duties or responsibilities attached to Executive's position as described in Section 3; 
 2. a change in Executive's principal office to a location more than 60 miles from the Executive’s place of employment on the Effective Date.
 3. A material breach of this Agreement by the Company; 
 4. A material reduction of the Executive's benefits under any employee benefit plan, program or arrangement (for Executive individually or as part of a group) of the Company, which reduction shall not apply to similarly situated employees of the Company; or
 

 G. Termination Following a Change of Control.
 1. In the event that a "Change in Control," as hereinafter defined, shall occur at any time during the Term or Renewal Term hereof, the Executive shall have the right to terminate the Executive's employment under this Agreement upon thirty (30) days written notice given at any time within one (1) year after the occurrence of such event.
 2. For purposes of this Agreement, a "Change in Control" of the Company shall mean a change in control:
 a)
 the occurrence of any of the following:
 i) any person, group or organization, other than the Executive, is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the 
 

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 combined voting power of the Company's outstanding securities then having the right to vote at elections of directors; or
 ii) the individuals who at the Effective Date of this Agreement constitute the Board of Directors cease for any reason to constitute a majority thereof unless the election, or nomination for election, of each new director was approved by the Executive; or
 iii) the business or over fifty percent (50%) of the business revenues of the Company for which the Executive's services are principally performed is/ are sold or otherwise disposed of by the Company (including the stock of a subsidiary of the Company).
 Anything herein to the contrary notwithstanding, this Section 6G2 will not apply where the Executive gives the Executive's explicit written waiver stating that for purposes of this Section 6G2 a Change in Control shall not be deemed to have occurred.  The Executive's participation in any negotiations or other matters in relation to a Change in Control shall in no way constitute such a waiver which can only be given by an explicit written waiver as provided in the preceding sentence.
 

 

 7. Non-Disclosure of Confidential Information, Non-Compete.
 A. Executive acknowledges that the Company's trade secrets, private or secret processes, as they exist from time to time, business records and plans, inventions, acquisition strategy, price structure and pricing, discounts, costs, computer programs and listings, source code and/or subject code, copyright, trademark, proprietary information, formulae, protocols, forms, procedures, methods for operating the Company's business, acquisitions, practices, plans and information pertaining to the Company’s properties, and other information of a confidential nature not known publicly (collectively, the "Confidential Information") are valuable, special and unique assets of the Company, access to and knowledge of which have been gained by the Executive by virtue of Executive's association with the Company.  In light of the highly competitive nature of the industry in which the Company's business is conducted, Executive agrees that all Confidential Information, heretofore or in the future obtained by Executive as a result of Executive's association with the Company, shall be considered confidential.
 B. The Executive agrees that the Executive shall: 
 1) hold in confidence and not disclose or make available to any third party any such Confidential Information obtained directly or constructively from the Company, unless so authorized in writing by the Company; 
 2) exercise all reasonable efforts to prevent third parties from gaining access to the Confidential Information; 
 3) take such protective measures as may be reasonably necessary to preserve the confidentiality of the Confidential Information. 
 C. Excluded from the Confidential Information, and therefore not subject to the provisions of this Agreement, shall be any information which the Executive can show:
 1) at the time of disclosure, is in the public domain; or
 2) after the disclosure, enters the public domain by way of printed publication through no fault of the Executive; or
 3) was in his possession at the time of disclosure and which was not acquired directly or indirectly from the Company; or 
 4) was acquired, after disclosure, from a third party who did not receive it from the Company, and who had the right to disclose the information without any obligation to hold such information confidential.  
 

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 D. Upon written request of the Company, Executive shall return to the Company all written materials containing Confidential Information.  
 

 E. Executive agrees that he will not, during the term of this Agreement and for a period of     6     months    from and after the date of termination of this Agreement, directly or indirectly, (i) knowingly acquire or own in any manner any interest in any entity which competes for properties with the Company, or any of its subsidiaries or affiliates, (ii) be employed by or serve as an employee, agent, officer, or director of, or as a consultant to, any entity which competes for properties with the Company or its subsidiaries or affiliates, or (iii) acquire, directly or through an entity affiliated with the Executive, an interest in any property which is located within    2.486   miles or    4    Kilometers of any property owned by the Company or which is under consideration by the Company.  The foregoing provisions of this Section 7E shall not prevent the Executive from acquiring and owning not more than 5% of the equity securities of any entity whose securities are listed for trading on a national securities exchange or are regularly traded in the over-the-counter securities market.
 

 8. Covenants as Essential Elements of this Agreements; Survival of Covenants.
 It is understood by and between the parties hereto that the foregoing covenants by Executive contained in Section 7 of this Agreement shall be construed to be agreements independent of any other element of Executive's relationship with the Company.  The existence of any other claim or cause of action, whether predicated on any other provision in this Agreement, or otherwise, as a result of the relationship between the parties, shall not constitute a defense to the enforcement of the covenants in Section 7 of this Agreement against Executive.
 

 9. Remedies and Enforcement.
 A. Executive acknowledges and agrees that the Company's remedy at law for a breach of any of the provisions of Section 7 herein would be inadequate and the breach shall be per se deemed as causing irreparable harm to the Company.  In recognition of this fact, in the event of a breach by Executive of any of the provisions of Section 7, Executive agrees that, in addition to any remedy at law available to the Company, including, but not limited to monetary damages, the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available to the Company.
 B. It is further expressly understood and agreed that the provisions of this Agreement shall apply whether this Agreement is terminated by Company or Executive or upon its expiration or termination.
 C. Nothing herein contained shall be construed as prohibiting Company or Executive from pursuing any other remedies available to it/ him for any breach or default of this Agreement.
 

 10. Arbitration-Attorneys' Fees. 
 Any claims or disputes in any way involving this Agreement will be settled through binding arbitration in Chicago, Illinois in accordance with the Commercial Arbitration Rules of the American Arbitration Association. In connection with any such arbitration proceeding, or any litigation arising out of the enforcement of this Agreement or for its interpretation, the prevailing party shall be entitled to recover its costs, including reasonable attorneys' fees,  The Company will advance to the Executive of $10,000.00, if the Company commences an arbitration or legal proceeding as a 
 

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 result of this Agreement to cover Executive's legal costs and will continue to fund Executive's legal defense fees to the extent required to defend against the Company's actions. In addition, the Company agrees to pay for any and all legal work or representation required to defend and or settle any claims made by or against Executive as a result of his employment with the Company, while this Agreement is in effect or any time thereafter.
 

 11. Freedom to Contract.  
 The Executive represents and warrants that the Executive has the right to negotiate and enter into this Agreement, and that this Agreement does not breach, interfere with or conflict with any other existing contractual agreement
 

 12. Effect on Prior Agreements.  
 This Agreement supersedes any and all prior oral or written agreements, concerning the subject matter hereof, in their entirety between the parties, which shall be void and of no further force and effect after the date of this Agreement.
 

 13. Notices. 
  All notices, requests, consents and other communications, required or permitted to be given hereunder, shall be in writing and shall be deemed to have been duly given if delivered personally or sent by prepaid electronic transmission or mailed first class, postage prepaid, by registered or certified mail or delivered by an overnight courier service (notices sent by electronic transmission, mail or courier service shall be deemed to have been given on the date sent), as follows (or to such other address as either party shall designate by notice in writing to the other):
 

 If to the Company:
 

 Tara Minerals Corp.
 2162 Acorn Court
 Wheaton, IL 60187
 

 If to the Executive:
 

 Lynda Keeton-Cardno 
 185 Bethany St.
 Henderson, NV  89074
 

 14. Waiver.  
 Unless agreed in writing, the failure of either party, at any time, to require performance by the other of any provision hereunder shall not affect its rights thereafter to enforce the same, nor shall a waiver by either party of any breach of any provision hereof be taken or held to be a waiver of any other preceding or succeeding breach of any term or provision of this Agreement.  No extension of time for the performance of any obligation or act shall be deemed to be an extension of time for the performance of any other obligation or act hereunder.
 

 

 

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 15. Complete Agreement. 
 This Agreement contains the entire agreement between the parties hereto with respect to the contents hereof and supersedes all prior agreements and understandings between the parties with respect to such matters, whether written or oral.  Neither this Agreement nor any term or provision hereof may be changed, waived, discharged or amended in any manner other than by an instrument in writing, signed by the party against which the enforcement of the change, waiver, discharge or amendment is sought.
 

 16. Counterparts.  
 This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which shall constitute one agreement.
 

 17. Binding Effect/Assignment.  
 This Agreement shall be binding upon the parties hereto, their heirs, legal representatives, successors and assigns.  This Agreement shall not be assignable by the Executive but shall be assignable by the Company in connection with the sale, transfer or other disposition of its business or to any of the Company's affiliates controlled by or under common control with the Company, with the written approval of Executive.
 

 18. Governing Law, Venue, Waiver of Jury Trial.   
 The parties agree that this Agreement shall be deemed made and entered into in the State of Nevada and shall be governed and construed under and in accordance with the laws of the State of Nevada without giving effect to any principles of conflicts of law.  Company and Executive acknowledge and agree that  the Judicial Circuit, shall be the exclusive venue and proper forum in which to adjudicate any case or controversy arising either, directly or indirectly, under or in connection with this Agreement in these courts, they will not contest or challenge the jurisdiction or venue of these courts. The parties further agree and hereby waive and release any right to a trial by jury in any action arising out of the interpretation, enforcement or breach of this Agreement. 
 

 19. Headings. 
 The headings of the sections are for convenience only and shall not control or affect the meaning or construction or limit the scope or intent of any of the provisions of this Agreement.
 

 20. Survival.  
 Any termination of this Agreement shall not affect the ongoing provisions of this Agreement which shall survive such termination in accordance with their terms.
 

 21. Severabililty. 
 Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 

 

 

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 22. Construction.  
 This Agreement shall be constructed within the fair meaning of each of its terms and not against the party drafting the document.
 

 

 23. Service Restriction. 
 Nothing in this Agreement will prevent or restrict Executive from serving on the Board of Directors of any public or private companies and receive compensation from such service.
 

 

 THE PARTIES TO THIS AGREEMENT HAVE READ THIS AGREEMENT, UNDERSTAND ITS TERMS AND CONDITIONS, HAVE HAD THE OPPORTUNITY TO CONSULT WITH INDEPENDENT COUNSEL OF THEIR OWN CHOICE AND AGREE TO BE BOUND BY ITS TERMS AND CONDITIONS.
 

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

 

    
 TARA MINERALS CORP.
 

 

 By ____________________________
 Authorized Officer 
 

 

 

 /s/ Lynda R. Keeton-Cardno
 Lynda Keeton-Cardno
 

 

 

 

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