Document:

PURCHASE AND SALE CONTRACT

EXHIBIT 4.17

		
	

	Antay Pacha S.A.

PURCHASE AND SALE CONTRACT OF COPPER MINERAL

It hereby certified that the private document - a purchase and sale contract is concluded and signed under the regulations of Civil Code. This document that could be officially recorded in a public instrument with the sole recognition of signatures and rubrics in accordance with the following clauses:

1.

PARTIES:

			
	 
	·

	Planta Metalurgica Antay Pacha S.A., with Tax Identity Number 272228026, is domiciled in the Octavio Rubín de Celis Street, Industrial Park Zone, Uyuni City, Bolivia, president Mr. WANG YOURONG, with foreigner identity card No. 10275143 (hereinafter referred to as PARTY A).

			
	 
	·

	Cooperative Minera Estrella del Sur Ltda., with Tax Identity Number 1010475026, was domiciled in the Rio Grande Community, Nor Lípez province, Potosí Department, legally represented by Crispín Flores Quispe with Identity Card N° 3509897 Or. and Fausto Grover Cayo Alí with Identity Card N° 1314803-1C Pt., in merit to the No. 685/2015 Power on February 29, 2016 that is granted before the No. 02Public Notary of judicial district of Uyuni-Bolivia by Dr. Héctor Barrios Fuertes (hereinafter referred to as PARTY B).

2.

RECORD:

Both parties reach an agreement about the commercialization of copper mineral based on the principle of good faith in accordance with the purchase and sale agreement of copper mineral signed on July 7, 2016.

3.

OBJECT:

The mineral is prospected and exploited by PARTY B, and will be commercialized in favor of PARTY A (ore purchase and sale).

Because PARTY A is still in the process of calibrating the technology, and PARTY A temporarily does not have sufficient storage facilities for minerals deposit, PARTY B can carry out the operation first, and PARTY B can transfer the minerals to the destination assigned by PARTY A as soon as PARTY A has sufficient storage facilities for its minerals deposit.

PARTY B commits to deliver copper mineral to the assigned destination of PARTY A commencing January 2017. Therefore, to evidence good faith, within three days of signing this contract, PARTY A will pay the sum of 20,000 Bolivians (twenty thousand Bolivians 00/100) in favor of PARTY B as a deposit and/ or anticipated payment. The above-mentioned deposit will form a part of the payment for the mineral purchase and sale when PARTY B sells the minerals to PARTY A.

Octavio Rubin de Celis Street,  Industrial ParkZone. Uyuni. Bolivia

Tel:(591)-2-2147-838            Fax:(591)-2-2124-131

		
	

	Antay Pacha S.A.

When the marketing is launched, PARTY A is not required to pay PARTY B a deposit in advance.

4. 

MINERAL CONDITIONS:

In main and general terms, the standard of specification of the mineral of SOLUBLE COPPER SULFURIC ACID (ASCu) provided by Party B shall be greater than 2.5% and the water content (moisture) shall be less than 10% (copper oxide) to PARTY A.

SOLUBLE COPPER SULFURIC ACID (ASCu) is the copper obtained from the oxidized minerals, which applies a solution of acid at normal temperature as the oxidized minerals are sensitive to the attack of acid solutions and leaching solutions obtained from copper sulphate (CUS04).

5.

CALCULATION OF MINERAL WEIGHT:

The weight calculation of mineral will be made by loadometer of PARTY A. The loadometer of PARTY A shall be verified by the competent authority of the State, in accordance with the current calculation rules.

6.

SAMPLE TAKING AND ANALYSIS REALIZATION:

After unloading in the yard of PARTY A, both parties (Party A and B) will take samples of at least 9 points of the mineral contained from each shipment. Each sample should not be less than 5 kilos.

After obtaining the samples, both parties will mix the samples and divide the samples into 3 equal parts: one portion for PARTY A for the purpose of performing an analysis as a payment support; another portion will be retained by PARTY B; and the remaining portion will be retained by PARTY A. In the event that PARTY B has any doubts about the analysis results of the mineral, PARTY B may send the retained sample from PARTY A to an independent qualifying laboratory for further testing and analysis, and for arbitration (if necessary) within one month. The result of the analysis obtained from PARTY A shall be deemed to be accepted after one month, and in this case, PARTY A will no longer be required to keep the retained sample for further testing.

The independent qualifying laboratory shall use the same analysis system that PARTY A performed. If the difference exceeds: ± 0.30%, PARTY A will adjust settlement according to the result of the arbitration and the cost will be borne by the PARTY A. If the result is contrary, the cost will be assumed by the PARTY B. The method of analysis is iodometry.

7.

PRICE:

PARTY A and PARTY B agree on the price of:

·

Unit price: 1080 x ASCu grade (USD/TON)

·

Total price of one load per trip = unit price x weight of the same trip (USD)

ASCu grade Calculation = ASCu weight/ Total weight of the sample (%)

The price of mineral includes all taxes and freight.

8.

PAYMENT FORM:

When the minerals reach their destination (PARTY A deposits), both parties will simultaneously take the samples. Once the sample result is recorded and the invoice is issued by PARTY B, PARTY A shall make the payment as established in Clause Seven within 3 calendar days. In the event that the bank delays the execution of transactions or there are other delays, the payment should not exceed 7 calendar days.

Octavio Rubin de Celis Street,  Industrial ParkZone. Uyuni. Bolivia

Tel:(591)-2-2147-838            Fax:(591)-2-2124-131

		
	

	Antay Pacha S.A.

9.

RESPONSIBILITIES:

PARTY B undertakes to manage the exploitation and sale management of ore, and issues the corresponding invoice.

PARTY A has responsibility to contribute that PARTY B discounts or cancels the taxes, deductions and/ or withholdings that PARTY B must make under the current regulations for the mineral purchase and sale.

The extraordinary cost that is generated and attributable to PARTY B that is due to non-compliance, nonobservance or other reasons in the exploitation process or the mineral purchase and sale, as well as the losses that affect PARTY A will be assumed by the PARTY A.

10.

FREIGHT:

The transportation to the destination assigned by PARTY A and the mineral freight are the responsibility of PARTY B.

11.

MINERAL DELIVERY:

Prior to the minerals delivery, both parties are obliged to confirm the date of delivery by telephone with the person in charge.

In case of PARTY B delivers the minerals to PARTY A without prior notice, and the minerals are not qualified or there is not sufficient space for PARTY A to store the minerals, PARTY A reserves the right to accept or reject them. The freight shall be the responsibility of Party B.

12.    TERM AND EFFECTIVENESS:

This contract is valid at the moment of signature by the legal representatives of both parties, with the validity period of one (1) year, which is from November 19, 2016 to November 18, 2017, and may be renewed through negotiation.

Octavio Rubin de Celis Street,  Industrial ParkZone. Uyuni. Bolivia

Tel:(591)-2-2147-838            Fax:(591)-2-2124-131

		
	

	Antay Pacha S.A.

13.

NON-COMPLIANCE:

In case of breach of one or more clauses by one or both parties or in the case of any situation that is not immersed in this contract, a verbal and written agreement must be reached.

14.

ACCEPTANCE:

We, Cooperative Minera Estrella del Sur Ltda., represented by Crispín Flores Quispe and Fausto Grover Cayo Ali on the one Party, and Planta Metalurgica Antay Pacha S.A., president by Mr. WANG YOURONG on the other Party, we declare our acceptance and compliance to any and every clauses of this contract that oblige us to its faithful and strict compliance on November 19, 2016 in Uyuni.

SIGNATURES

				
	 
	Planta Metalurgica Antay Pacha S.A.

	 

	 

	 

	 

	 
	By:

	/s/ Wang Yourong

	 

	 

	 

	Wang Yourong

President

	 

	 
	 
	 
	 

	 
	 

				
	 
	Cooperative  Minera Estrella del Sur Ltda.

	 

	 

	 

	 

	 
	By:

	/s/ Crispín Flores Quispe

	 

	 

	 

	Crispín Flores Quispe 

Legal Representative 

	 

	 
	 
	 
	 

	 
	 

	 
	By:

	/s/ Fausto Grover Cayo Alí

	 

	 

	 

	Fausto Grover Cayo Alí

Legal Representative

	 

Octavio Rubin de Celis Street,  Industrial ParkZone. Uyuni. Bolivia

Tel:(591)-2-2147-838            Fax:(591)-2-2124-131STRATEGIC COOPERATION AGREEMENT

EXHIBIT 4.18

STRATEGIC COOPERATION AGREEMENT AND MASTER MINERAL PURCHASE AND SALE AGREEMENT

It hereby certified that the private document is concluded and signed under the regulations of Civil Code. We subscribe the private document under the provisions specified in Article 450, 451 and 452 of the Civil Code. This document could be officially recorded in a public instrument with the sole recognition of signatures and rubrics in accordance with the following clauses:

1.

PARTIES:

· 

Planta Metalurgica Antay Pacha S.A., with Tax Identity Number XXXXXXX, is domiciled in the Octavio Rubín de Celis Street, Industrial Park Zone, Uyuni City, Bolivia, represented legally by Mr. Ai Lei, with foreigner identity card No. XXXXXXX in merit to the Power number 1236/2015 of December 2, 2015 that is granted by the Public Notary Public of First Class 003 of the judicial district of La Paz, in charge of Dr. Patricia Rivera Sempertegui, hereinafter referred to as PARTY A. 

· 

Messrs. Gilberto Villca Flores with Identity card No. XXXXXX of mines profession Ing., is domiciled in the Ismael Vásquez Avenue No. 298-A of the city of La Paz,  and Freddy Nicasio Copa Martínez with Identity card No. XXXXXX tourism profession In. Lie, domiciled in the street Colon s / n between Colombia of the city of Uyuni - Potosi., both owners of the "DCH" and "DCH2" which are mining concessions located in Cantón Cocani, Nor Lipez province, Potosi department, held by the Company Minera DCH S.R.L., with Tax Identity Number XXXXXX that is granted through National Taxes, hereinafter referred to as PARTY B.

2.

RECORD:

Both PARTY A and PARTY B have reached an agreement to undertake a commitment to enter into a “Strategic Cooperation Agreement and Master Mineral Purchase and Sale Agreement” based on the laws and regulations in force in the private area and the principles of good faith and mutual benefit.

3.

OBJECT:

The purpose of this agreement is to reconcile a commitment for the signing of a strategic cooperation agreement in which PARTY B accepts the offer of PARTY A to provide technical and operational support so that PARTY B can carry out the mineral mining on the "DCH" and "DCH2" mining areas. In addition, once the mineral is mined, PARTY B is obliged to sell the mineral to PARTY A.

As a legal holder of the "DCH" and "DCH2" mining areas, PARTY B claims to have and/ or commits to obtain all legacy documents necessary and essential for future exploitation of the mining area and the commercialization of the mineral, which consists of:

A.

Environmental License issued by the competent authority;

B.

N.I.M. Current Mining Identification Number;

C.

 Certificate from the custom-house for the transport and commercialization;

D.

Paid patents of the last management;

E.

N.I.T. Tax identification number;

F.

Commercial register;

G.

Other essential documents.

All these documents must be updated, processed and obtained by PARTY B within eight (8) months after the signing of this agreement.

PARTY B should also ensure and guarantee good relations with the corresponding community of the region.

4.

COMMITMENT FOR COOPERATION AND PURCHASE OF MINERAL:

At the time that PARTY B carries out the corresponding and established procedures in clause 3, and subsequent to the signing of this "Strategic Cooperation Agreement and the Master Mineral Purchase and Sale Agreement", PARTY A undertakes to carry out the maintenance and preparation of necessary materials, equipment and machinery within three (3) months after the agreement has been signed.

Once PARTY B concludes the procedures and obtains all the documentation as specified in clause 3 above, including the assurance and maintenance of the pacific relationship with the community and the carry out of the mineral exploitation; PARTY A and B will sign another detailed contract for purchase and sale of the copper mineral obtained from the mining areas of "DCH" and "DCH2".

After this agreement has been signed, PARTY A must commence the reconditioning of the dwellings and/ or build additional housing in the PARTY B camp as necessary; and arrange the machinery, material and personnel for that purpose.

5. NON-COMPLIANCE:

In case of non-performance of any clauses contained in the agreement for reasons of force majeure or fortuitous case, both parties can resolve the issues in an amicable manner.

In the event of a breach of one or more clauses by any parties, or any damage that may be attributable to any of the parties, it shall be obligated to indemnify and compensate the damage caused to the affected party with 1.5% of the total amount of caused damage; and in turn, the affected party will be entitled to take the appropriate legal actions.

6. ACCEPTANCE:

We, Planta Metalurgica Antay Pacha S.A. on the one party and COMPANY: MINERA DCH S.R.L. on the other party declare our full acceptance and compliance with each and every one of the clauses of this agreement that oblige us to its faithful and strict compliance on March 22, 2017.

SIGNATURES

				
	 
	Planta Metalurgica Antay Pacha S.A.

	 

	 

	 

	 

	 
	By:

	/s/ Ai Lei

	 

	 

	 

	Ai Lei

Authorized Representative

	 

	 
	 
	 
	 

	 
	 

				
	 
	Minera DCH S.R.L.

	 

	 

	 

	 

	 
	By:

	/s/ Gilberto Villca Flores

	 

	 

	 

	Gilberto Villca Flores

	 

	 
	 
	 
	 

	 
	 

	 
	By:

	/s/ Freddy Nicasio Copa Martínez

	 

	 

	 

	Freddy Nicasio Copa Martínez

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