Document:

mux_Ex_10121

		

			 

		

		
			Exhibit 10.12.1
		

		
			 
		

		
			Amendment to the OPTION AND JOINT VENTURE AGREEMENT
		

		
			Of March 15th, 2001
		

		
			 
		

		
			It is hereby agreed this 14th day of May, 2002, to amend the OPTION AND JOINT VENTURE AGREEMENT of March __15____, 2001, (“The Agreement”) between MINERA ANDES INC., a corporation formed under the laws of Canada ("MAI”), MINERA ANDES S.A., a corporation formed under the laws of Argentina (“MASA”) and MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru (“MHC”).
		

		
			 
		

		
			By mutual consent as witnessed by the signing of this document it is hereby agreed that “Rights” as defined under the preamble of The Agreement and more particularly described in Schedule A of The Agreement will be modified effective as of May 15, 2002 to the areas of interest described in Exhibit 1.
		

		
			 
		

		
			Also, by mutual consent as witnessed by the signing of this document it is hereby agreed that MHC will hereafter take over the responsibilities of maintaining the Rights described in Exhibit 1 as defined under section 7.1.4 (f) of The Agreement.
		

		
			 
		

		
			Neither party shall take any action during the Option Period to exclude from the Property any portion or parcel of the Rights described in Exhibit 1 without the consent of the other party, except in accordance with the procedure state in Section 7.2 of The Agreement.
		

		
			 
		

		
			IN WITNESS WHEREOF the parties have executed this Agreement as of the day, month and year first above written.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						    

					
					
						MINERA ANDES INC.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Allen V. Ambrose

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Its:  President

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						MINERA ANDES S.A.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Dr. Jorge Vargas

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Its:  

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						MAURICIO HOCHSCHILD & CIA. LTD.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ [illegible]

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Its:

					
					
						 

					
					
						 

				

		
			
		

		
			

		 

 

		

			 

		

		

		
			EXHIBIT  1
		

		
			 
		

			
					
						 

					
					
						PROPERTY TYPE

					
					
						FILE

					
					
						AREA REAL

					
					
						Comments

				
	
1 
					
					
						El Pluma 1

					
					
						410.411/MA/99

					
					
						750

					
					
						Ex cateo 402.845

				
	
2 
					
					
						El Pluma 2

					
					
						412.277/MA/99

					
					
						1000

					
					
						Ex cateo 402.845

				
	
3 
					
					
						El Pluma 3

					
					
						412.279/MA/99

					
					
						750

					
					
						Ex cateo 402.845

				
	
4 
					
					
						El Pluma 4

					
					
						412.281/MA/99

					
					
						1000

					
					
						Ex cateo 402.845

				
	
5 
					
					
						El Pluma E1

					
					
						410.412/MA/99

					
					
						1000

					
					
						Ex cateo 403.627

				
	
6 
					
					
						El Pluma E2

					
					
						412.278/MA/99

					
					
						1000

					
					
						Ex cateo 403.627

				
	
7 
					
					
						El Pluma E3

					
					
						412.280/MA/99

					
					
						800

					
					
						Ex cateo 403.627

				
	
8 
					
					
						Saavedra 10

					
					
						413.395/MA/00

					
					
						1000

					
					
						in cateo

				
	
9 
					
					
						Saavedra 11

					
					
						401.874/MA/01

					
					
						1000

					
					
						in cateo

				
	
10 
					
					
						Saavedra 12

					
					
						401.875/MA/01

					
					
						1000

					
					
						in cateo

				
	
11 
					
					
						Saavedra 13

					
					
						401.876/MA/01

					
					
						1000

					
					
						in cateo

				
	
12 
					
					
						Saavedra 14

					
					
						401.877/MA/01

					
					
						1000

					
					
						in cateo

				
	
13 
					
					
						Saavedra 1a

					
					
						410.093/MA/99

					
					
						1000

					
					
						in cateo

				
	
14 
					
					
						Saavedra 2a

					
					
						410.091/MA/99

					
					
						1000

					
					
						in cateo

				
	
15 
					
					
						Saavedra 3

					
					
						410.096/MA/99

					
					
						800

					
					
						ex cateo

				
	
16 
					
					
						Saavedra 4

					
					
						410.095/MA/99

					
					
						800

					
					
						in cateo

				
	
17 
					
					
						Saavedra 5

					
					
						410.089/MA/99

					
					
						800

					
					
						in cateo

				
	
18 
					
					
						Saavedra 6b

					
					
						410.094/MA/99

					
					
						800

					
					
						ex cateo

				
	
19 
					
					
						Saavedra 7a

					
					
						410.090/MA/99

					
					
						1000

					
					
						in cateo

				
	
20 
					
					
						Saavedra 8

					
					
						410.092/MA/99

					
					
						1000

					
					
						in cateo

				
	
21 
					
					
						Saavedra 9

					
					
						413.396/MA/00

					
					
						1000

					
					
						in cateo

				
	
22 
					
					
						SaavNE1

					
					
						400.625/MA/01

					
					
						1000

					
					
						ex cateo

				
	
23 
					
					
						SaavNE2

					
					
						400.626/MA/01

					
					
						1000

					
					
						ex cateo

				
	
24 
					
					
						SaavNE3

					
					
						400.627/MA/01

					
					
						500

					
					
						ex cateo

				
	
25 
					
					
						Tres A

					
					
						411.333/MA/99

					
					
						1000

					
					
						ex cateo

				
	
26 
					
					
						Tres B

					
					
						411.334/MA/99

					
					
						750

					
					
						ex cateo

				
	
27 
					
					
						Tres C

					
					
						414.264/MA/00

					
					
						980

					
					
						ex cateo

				
	
28 
					
					
						Tres Colores A

					
					
						411.332/MA/99

					
					
						1000

					
					
						Ex cateo 406.002

				
	
29 
					
					
						Tres Colores B

					
					
						411.331/MA/99

					
					
						998.5

					
					
						Ex cateo 406.002

				
	
30 
					
					
						Tres Colores C

					
					
						414.643/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
31 
					
					
						Tres Colores D

					
					
						414.642/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
32 
					
					
						Tres Colores E

					
					
						414.641/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
33 
					
					
						Tres Colores F

					
					
						414.640/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
34 
					
					
						Tres Colores G

					
					
						414.639/MA/00

					
					
						397.5

					
					
						Ex cateo 406.002

				
	
35 
					
					
						Tres D

					
					
						414.265/MA/00

					
					
						770.13

					
					
						ex cateo

				
	
36 
					
					
						Tres E

					
					
						414.266/MA/00

					
					
						999.93

					
					
						ex cateo

				
	
37 
					
					
						Tres F

					
					
						414.267/MA/00

					
					
						999.93

					
					
						ex cateo

				
	
38 
					
					
						Uno A

					
					
						413.095/MA/00

					
					
						840

					
					
						ex cateo

				

		
			 
		

		
			
		

		

		 

 

		

			 

		

	
39 
					
					
						Uno B

					
					
						413.096/MA/00

					
					
						840

					
					
						ex cateo

				
	
40 
					
					
						Uno C

					
					
						413.097/MA/00

					
					
						820.2

					
					
						ex cateo

				
	
41 
					
					
						Uno D

					
					
						400.765/MA/01

					
					
						840

					
					
						ex cateo

				
	
42 
					
					
						Uno E

					
					
						400.766/MA/01

					
					
						840

					
					
						ex cateo

				
	
43 
					
					
						Uno F

					
					
						400.764/MA/01

					
					
						594

					
					
						ex cateo

				
	
44 
					
					
						Uno G

					
					
						401.507/MA/01

					
					
						1103.7

					
					
						ex cateo 406.943

				
	
45 
					
					
						Uno H

					
					
						401.508/MA/01

					
					
						560.4

					
					
						ex cateo 406.943

				
	
46 
					
					
						Uno I

					
					
						401.509/MA/01

					
					
						560.4

					
					
						ex cateo 406.943

				
	
47 
					
					
						AGUAS VIVAS

					
					
						403.089/MSC/01

					
					
						9992

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						50490.69mux_Ex_10122

		
			Exhibit 10.12.2
		

		
			 
		

		
			SECOND AMENDMENT TO THE
		

		
			OPTION AND JOINT VENTURE AGREEMENT
		

		
			OF MARCH 15, 2001
		

		
			 
		

		
			 
		

		
			It is hereby agreed this August 27, 2002 to amend the OPTION AND JOINT VENTURE AGREEMENT of March 15, 2001 (the "Agreement"), between MINERA ANDES INC., a corporation formed under the laws of Canada (''MAI''), MINERA ANDES S.A., a corporation formed under the laws of Argentina ("MASA''), and MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru ("MHC'').
		

		
			 
		

		
			By mutual consent as witnessed by the signing of this document it is hereby agreed that the Agreement and the rights and obligations of the parties hereunder are strictly limited to the areas of interest described in Exhibit l of the First Amendment to the Agreement of May 14, 2002 (being herein referred to as the "Area of Interest"). There is no area of influence around the Area of Interest.  Each of the Participants shall have the free and unrestricted right to enter into, conduct and benefit from any and all business ventures of any kind whatsoever, whether or not competitive with · the activities undertaken pursuant hereto, without disclosing such activities to the other Participant or inviting or allowing the other Participant to participate herein. Without limiting the generality of the foregoing, no Participant shall be under any duty to disclose to any other Participant information relating to mining or mineral claims, concessions, or leases of other properties located outside the Area of Interest.
		

		
			 
		

		
			In addition, MHC agrees not to acquire land within the original joint venture area for a period of three years from the date of dropping a property from the joint venture.
		

		
			 
		

		
			The Amendment referred to herein supersedes all other prior agreements and understandings, both written and oral, among the parties or any of them, with respect to the subject matter hereof.
		

		
			 
		

		
			IN WITNESS WHEREOF the parties have executed this Agreement as of the day, month and year first written above.
		

		
			 
		

			
					
						 

				
	
					
						MINERA ANDES INC.

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Allen V. Ambrose

					
					
						 

				
	
					
						Its: 

					
					
						President

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						MINERA ANDES S.A.

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Brian Gavin

					
					
						 

				
	
					
						Its: 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						MAURICIO HOCHSCHILD & CIA. LTD.

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Jorge Benavides

					
					
						 

				
	
					
						Its: 

					
					
						Exploration Manager

					
					
						 

				
	
					
						             Jorge Benavides

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			EXHIBIT  1
		

		
			 
		

			
					
						 

					
					
						PROPERTY TYPE

					
					
						FILE

					
					
						AREA REAL

					
					
						Comments

				
	
1 
					
					
						El Pluma 1

					
					
						410.411/MA/99

					
					
						750

					
					
						Ex cateo 402.845

				
	
2 
					
					
						El Pluma 2

					
					
						412.277/MA/99

					
					
						1000

					
					
						Ex cateo 402.845

				
	
3 
					
					
						El Pluma 3

					
					
						412.279/MA/99

					
					
						750

					
					
						Ex cateo 402.845

				
	
4 
					
					
						El Pluma 4

					
					
						412.281/MA/99

					
					
						1000

					
					
						Ex cateo 402.845

				
	
5 
					
					
						El Pluma E1

					
					
						410.412/MA/99

					
					
						1000

					
					
						Ex cateo 403.627

				
	
6 
					
					
						El Pluma E2

					
					
						412.278/MA/99

					
					
						1000

					
					
						Ex cateo 403.627

				
	
7 
					
					
						El Pluma E3

					
					
						412.280/MA/99

					
					
						800

					
					
						Ex cateo 403.627

				
	
8 
					
					
						Saavedra 10

					
					
						413.395/MA/00

					
					
						1000

					
					
						in cateo

				
	
9 
					
					
						Saavedra 11

					
					
						401.874/MA/01

					
					
						1000

					
					
						in cateo

				
	
10 
					
					
						Saavedra 12

					
					
						401.875/MA/01

					
					
						1000

					
					
						in cateo

				
	
11 
					
					
						Saavedra 13

					
					
						401.876/MA/01

					
					
						1000

					
					
						in cateo

				
	
12 
					
					
						Saavedra 14

					
					
						401.877/MA/01

					
					
						1000

					
					
						in cateo

				
	
13 
					
					
						Saavedra 1a

					
					
						410.093/MA/99

					
					
						1000

					
					
						in cateo

				
	
14 
					
					
						Saavedra 2a

					
					
						410.091/MA/99

					
					
						1000

					
					
						in cateo

				
	
15 
					
					
						Saavedra 3

					
					
						410.096/MA/99

					
					
						800

					
					
						ex cateo

				
	
16 
					
					
						Saavedra 4

					
					
						410.095/MA/99

					
					
						800

					
					
						in cateo

				
	
17 
					
					
						Saavedra 5

					
					
						410.089/MA/99

					
					
						800

					
					
						in cateo

				
	
18 
					
					
						Saavedra 6b

					
					
						410.094/MA/99

					
					
						800

					
					
						ex cateo

				
	
19 
					
					
						Saavedra 7a

					
					
						410.090/MA/99

					
					
						1000

					
					
						in cateo

				
	
20 
					
					
						Saavedra 8

					
					
						410.092/MA/99

					
					
						1000

					
					
						in cateo

				
	
21 
					
					
						Saavedra 9

					
					
						413.396/MA/00

					
					
						1000

					
					
						in cateo

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			 
		

			
22 
					
					
						SaavNE1

					
					
						400.625/MA/01

					
					
						1000

					
					
						ex cateo

				
	
23 
					
					
						SaavNE2

					
					
						400.626/MA/01

					
					
						1000

					
					
						ex cateo

				
	
24 
					
					
						SaavNE3

					
					
						400.627/MA/01

					
					
						500

					
					
						ex cateo

				
	
25 
					
					
						Tres A

					
					
						411.333/MA/99

					
					
						1000

					
					
						ex cateo

				
	
26 
					
					
						Tres B

					
					
						411.334/MA/99

					
					
						750

					
					
						ex cateo

				
	
27 
					
					
						Tres C

					
					
						414.264/MA/00

					
					
						980

					
					
						ex cateo

				
	
28 
					
					
						Tres Colores A

					
					
						411.332/MA/99

					
					
						1000

					
					
						Ex cateo 406.002

				
	
29 
					
					
						Tres Colores B

					
					
						411.331/MA/99

					
					
						998.5

					
					
						Ex cateo 406.002

				
	
30 
					
					
						Tres Colores C

					
					
						414.643/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
31 
					
					
						Tres Colores D

					
					
						414.642/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
32 
					
					
						Tres Colores E

					
					
						414.641/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
33 
					
					
						Tres Colores F

					
					
						414.640/MA/00

					
					
						901

					
					
						Ex cateo 406.002

				
	
34 
					
					
						Tres Colores G

					
					
						414.639/MA/00

					
					
						397.5

					
					
						Ex cateo 406.002

				
	
35 
					
					
						Tres D

					
					
						414.265/MA/00

					
					
						770.13

					
					
						ex cateo

				
	
36 
					
					
						Tres E

					
					
						414.266/MA/00

					
					
						999.93

					
					
						ex cateo

				
	
37 
					
					
						Tres F

					
					
						414.267/MA/00

					
					
						999.93

					
					
						ex cateo

				
	
38 
					
					
						Uno A

					
					
						413.095/MA/00

					
					
						840

					
					
						ex cateo

				
	
39 
					
					
						Uno B

					
					
						413.096/MA/00

					
					
						840

					
					
						ex cateo

				
	
40 
					
					
						Uno C

					
					
						413.097/MA/00

					
					
						820.2

					
					
						ex cateo

				
	
41 
					
					
						Uno D

					
					
						400.765/MA/01

					
					
						840

					
					
						ex cateo

				
	
42 
					
					
						Uno E

					
					
						400.766/MA/01

					
					
						840

					
					
						ex cateo

				
	
43 
					
					
						Uno F

					
					
						400.764/MA/01

					
					
						594

					
					
						ex cateo

				
	
44 
					
					
						Uno G

					
					
						401.507/MA/01

					
					
						1103.7

					
					
						ex cateo 406.943

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			 
		

			
45 
					
					
						Uno H

					
					
						401.508/MA/01

					
					
						560.4

					
					
						ex cateo 406.943

				
	
46 
					
					
						Uno I

					
					
						401.509/MA/01

					
					
						560.4

					
					
						ex cateo 406.943

				
	
47 
					
					
						AGUAS VIVAS

					
					
						403.089/MSC/01

					
					
						9992

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						50490.69

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]