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Converted by EDGARwiz

 MODIFYING CONTRACT SUBSCRIBED BY
A) HÉCTOR MANUEL CERVANTES SOTO, PER HIS OWN RIGHT (THE ASSIGNER) AND, B) AMERICAN METAL MINING, S. A. DE C. V., REPRESENTED IN THIS ACT BY MR. RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS LEGAL APPOINTOR (THE ASSIGNEE), AND JOINTLY NAMED (THE PARTIES) AND ALSO CORPORACIÓN AMERMIN, S. A. DE C. V., APPEARING, REPRESENTED IN THIS ACT AS WELL BY MR. RAMIRO TREVIZO GONZÁLEZ, IN HIS PERSONALITY AS LEGAL APPOINTOR (AMERMIN) IN ACCORDANCE WITH THE FOLLOWING PREVIOUS FACTS, DECLARATIONS AND CLAUSES.

 

 
PREVIOUS FACTS
 

 

 I.

On the 25th November 2008,
PARTIES subscribed a Transfer of Rights Contract by virtue of which, among other terms and conditions, the
ASSIGOR transferred in favor of the ASSIGNEE the title holding of various mining rights as specified in the Previous Facts of said instrument and agreeing to receive in exchange, as counterclaim, the amount of $1’647,000.00 Dollars (One million six hundred and forty seven thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, an amount total of
$1’894,050 Dollars (One million eight hundred ninety four and fifty Dollars 00/100 in United States currency) to be paid under an agreed schedule of payments to such an effect, the
CONTRACT. Ordinary copy of said document is attached to this present instrument for purposes of clarity and certitude as
Attachment I;
 

 II.

For purposes of formality, the
CONTRACT’S subscription by the PARTIES was ratified of the 25th November 2008 before the testimony of Mrs.Elsa Ordóñez Ordóñez, Attorney at Law, applicant to the Notary Public Office and assigned to Public Notary number 28 of the Morelos Judicial District of the State of Chihuahua and acting notary per license of the its Title Holder, Mr. Felipe Colomo Castro, Attorney at Law, and said instrument was inscribed in its respective act in Volume XIV of the Book of Acts Outside Protocol under number 16,268 on the 25
th   November 2008;
 

 III.

Due to an involuntary mistake,
PARTIES omitted to relate in the Previous Facts the fact that the total initial price to be paid for the transfer of the before mentioned mining rights should have been $2’000,000.00 Dollars (Two million Dollars in United States currency), plus the corresponding Added Value Tax, that, an amount total of
$2’300,000.00 Dollars (Two million three hundred thousand Dollars in United States currency) the
INITIAL PRICE.
 

 IV.

Likewise, and derived from the involuntary mistake in the
CONTRACT’S structure, the PARTIES omitted to related in the Previous Facts of same document the fact that the
ASSIGNEE had previously paid in favor of the ASSIGNER and before the 25th November 2008, the amount of $127,000.00 Dollars (One hundred and twenty seven thousand Dollars 00/100 in United States currency) plus the corresponding Added Value Tax, that is, an amount total of
$146,050 Dollars (One hundred forty six and fifty 
 

1
 
Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

Dollars in United States currency) as an advance of the price to be paid for the transfer of the before mentioned mining rights, the
ADVANCE, and that would be deducted from the INITIAL PRICE.
 

 V.

Likewise, as a consequence of the involuntary mistake before mentioned,
PARTIES failed to relate in the Previous Facts of the CONTRACT the fact that from the INITIAL PRICE, the obligation of the
ASSIGNEE to pay an amount of $197,956.52 Dollars (One hundred ninety seven thousand and nine hundred and fifty six 52/100) in United States currency plus the corresponding Added Value Tax, that is, an amount total of
$227,650.00 Dollars (Two hundred twenty seven thousand and six hundred and fifty Dollars 00/100) should be cancelled as such an amount had already been given to
Mr. Miguel Ángel Cervantes Soto in his personality as legal representative of the corporation named Minas de Topago, S. A. de C. V:, by
AMERMIN before the 25th November 2008 as concept of the terminated judicial business of such a date regarding the mining project celebrated with Minas de Topago, S. A. de C. V., and in relation with the mining concessions that cover the rights derived from the mining lots “La Colmena” (title 181,965), “La Millonaria” (title 196,120, “Cuitláhuac” (title 191,845 and “La Mexicana” (title 211,981, and amount the
ASSIGNER had accepted to restitute in favor of AMERMIN or to the corporation that AMERMIN should designate for such a purpose, specifically to compensate such amount towards the payment obligation of the
INITIAL PRICE in favor of the ASSIGNEE,  the COMPENSATED PRICE.
 

 VI. 

To date, the
ASSIGNEE has duly completed with the partial payments of the INITIAL PRICE that have corresponded to him, and had surrendered in favor of the
ASSIGNER the following amounts under the terms of the CONTRACT: 1. On   the 28
th November 2008, the amount of $35,000.00 Dollars (Thirty five thousand   Dollars 00/100 in United States currency) plus the corresponding Added Value Tax, that is, an amount total of $40,250.00 Dollars (Forty thousand two hundred and fifty Dollars in United States currency) and, 2. On the 28
th March 2009, an equal amount of $35,000.00 Dollars (Thirty five thousand Dollars 00/100 in United States currency) plus the corresponding Added Value Tax, that is, an amount total of  $40,250.00 Dollars (Forty thousand two hundred and fifty   Dollars in United States currency);

 VII. 

Derived from the need to adequately document the adjustment before mentioned, in recent days
PARTIES agreed to expressly modify some of the terms and conditions of the CONTRACT, and;

 VIII.

Complying with the disposition stated in the Twenty First Clause of the
CONTRACT, the PARTIES decided to subscribe this present agreement for all legal purpose that might arise, with the purpose of modifying the content of the
CONTRACT because it so convenes to the interests of both.
 

 2
 
Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

 

 DECLARATIONS

 

 I.

The ASSIGNER declares, per his own right and under oath of stating the truth, that:

 1.   He is a Mexican citizen, of age, in complete use of his physical and mental faculties reason by which he enjoys the full capacity to subscribe this present agreement;

 2.   To be duly inscribed in the Federal Taxpayers Registry under Fiscal Identity Certificate number
CESH-620803-JCA, and to be current in his income tax payments and other contributions that might have corresponded to him:

 3.   That he expressly accepts the
INITIAL PRICE as the amount of the counterclaim to be paid by the ASSIGNEE as derived from the transfer of the mining rights object of this
CONTRACT;
 

 4.   That he expressly acknowledges having received from
ASSIGNEE previous to the 25th November 2008, the total amount known as the ADVANCE;

 5.   That he assumes the obligation to compensate such payment from the
INITIAL PRICE in favor of the ASSIGNEE and of AMERMIN for the amount of the COMPENSATED PRICE and the
ASSIGNEE will issue in his favor the corresponding fiscal voucher;
 

 6.  That he likewise acknowledges having received from the
ASSIGNEE to date the amounts described above in Roman numeral VI, and;
 

 7.   Consequently, it is his free will to subscribe this present agreement in order to modify for all legal purposes that might arise some of the terms and conditions of the
 CONTRACT, complying in full to the following clauses:
 

 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, duly established and in operation in agreement to the applicable and current legislation of the United States of Mexico, just as faith is given in Public Writ number 17,227 granted on the 4
th December 2006 before the testimony of Mr. Eugenio Fernando García Russek, Attorney at Law and applicant to the position of Notary Public and assigned to Public Notary number 28 of the Morelos Judicial District of the State of Chihuahua of which Mr. Felipe Colomo Castro, Attorney at Law, is Title Holder, and instrument which is duly inscribed in the Public Registry of Commerce of said District under electronic mercantile folio number 23,327*10;

 3

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

 

 2.   That he enjoys the powers, mandates, and the sufficient and necessary faculties to subscribe this present contract, just as faith is given in Public Writ number 22,496 granted on the 10
th June 2008 before testimony of Mrs. Elsa Ordóñez Ordóñez, Attorney at Law, applicant to the Office of Notary Public, and assigned to Public Notary number 28 of the Morelos Judicial District of the State of Chihuahua of which Mr. Felipe Colomo Castro, Attorney at Law, is Title Holder, and instrument which is duly inscribed in the Public Registry of Commerce of said District under electronic mercantile folio number 23,327*10, and same that to date have not been limited, restrained, suspended or revoked;

 3.    To be duly inscribed in the Federal Taxpayers Registry under Fiscal Identity Certificate number
AMM-061204-4R7, and to be current in his income tax payments and other contributions that might have corresponded to him;

 4.    That he expressly accepts the
INITIAL PRICE as the amount of the counterclaim to be paid by in favor of the ASSIGNER as derived from the transfer of the   mining rights object of this
CONTRACT;
 

 5.   That he expressly acknowledges having paid to
ASSIGNER previous to the 25th November 2008, the total amount known as the ADVANCE;

 6.   That he states having accepted the compensation of the payment obligation of the
INITIAL PRICE in his own favor, the amount known as the COMPENSATED PRICE;
 

 7.   It is the free will of its Administration Board to subscribe this present agreement in order to modify for all legal purposes that might arise some of the terms and conditions of the
 CONTRACT and complying in full to the following clauses:
 

 

 III.

AMERMIN declares through the offices of its legal representative and under oath of stating the truth, that:

 1.   It is a Mexican mercantile society, duly established and in operation in agreement to the applicable and current legislation of the United States of Mexico, just as faith is given in Public Writ number 9,311 granted on the 9
th August 1995 before testimony of Mr. Jesús R. Miller Hermosillo, Attorney at Law and then Notary Public number 2 for the Morelos Judicial District of the State of Chihuahua and instrument which is duly inscribed in the Public Registry of Commerce of said District under electronic mercantile folio number 21,164*10;

 2.   That he enjoys the powers, mandates, and the sufficient and necessary faculties to subscribe this present contract, just as faith is given in Public Writ number 22,503 granted on the 12
th June 2008 before testimony of Mrs. Elsa Ordóñez Ordóñez, Attorney at Law, applicant to the Office of Notary Public, and assigned to Public 

 4

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

Notary number 28 of the Morelos Judicial District of the State of Chihuahua of which Mr. Felipe Colomo Castro, Attorney at Law, is Title Holder, and instrument which is duly inscribed in the Public Registry of Commerce of said District under electronic mercantile folio number 21,164*10, and same that to date have not been limited, restrained, suspended or revoked;

  3.  To be duly inscribed in the Federal Taxpayers Registry under Fiscal Identity Certificate number
CAM-950810-K77, and to be current in his income tax payments and other contributions that might have corresponded to him;

 4.  The
ASSIGNER states that he assumed the obligation of restituting in AMERMIN’S favor the amount of the
COMPENSATED PRICE as was agreed afterwards and that to date it is the ASSIGNER’S will to cede in favor of the
ASSIGNEE a certain percentage of such right of collection taking into consideration their corporate relationship, and;

 5.   It is the will of its Administration Board the subscription of this present agreement in its character as appearing party in order to expressly accept the destiny of the
COMPENSATED PRICE, as well as to acknowledge on the ASSIGNEE’S behalf the debt due to its favor by part of the
ASSIGNER per such a circumstance.
 

 

 IV.  Both PARTIES declare, as well as
AMERMIN, per his own right the former and through their legal representatives the others, under oath of stating the truth, that   they acknowledge the personality of each party, in addition to appearing to the subscription of this present agreement, in good faith, being free of any deceit, ill faith, error, harm or violence and with the purpose of committing themselves to the following:

 

 
CLAUSES
 

 

 FIRST. MODIFICATION: PARTIES expressly agree that, in effect as of the date of this present instrument, the following Clauses indicated in the
CONTRACT be modified and drawn up as follows:
 

 

 “SECOND. PRICE: 
As a counterclaim for the described transfer, the ASSIGNEE commits himself to pay in favor of the 
ASSIGNER the amount of $2’000,000.00 Dollars (Two Million Dollars 00/100 in United States currency)
 plus the corresponding Added Value Tax, that, an amount of $300,000.00 Dollars (Three hundred thousand Dollars in United States currency) for a sum total of 
$2’300,000.00 Dollars (Two million three hundred thousands Dollars 00/100 in United States currency)
 (the PRICE), complying in full to the terms and conditions agreed in this instrument”.
 
 

 

 

 5

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

“
THIRD. MANNER, TIME AND PLACE OF PAYMENT: The ASSIGNER expressly accepts for all legal purposes that might arise in considered as paid regarding the 
PRICE the amount of $324, 956.52 Dollars (Three hundred twenty four thousand nine hundred and fifty six 52/100 Dollars in United States currency) plus the corresponding Added Value Tax, that is, a sum total of 
$373,700.00 Dollars (Three hundred seventy three thousand and seven hundred 00/100 Dollars in United States currency)
, taking into consideration that:
 

 
1.   Previous to the date of subscription of this present instrument, the ASSIGNEE
 delivered as advance to the total amount of the PRICE, the amount of $127,000.00 Dollars (One hundred and twenty seven thousand Dollars 00/100 in United States currency) plus the corresponding Added Value Tax, that is, a sum total of 
$146,050.00 Dollars (One hundred forty six thousand and fifty Dollars 00/100 in United States currency)
, as well as:
 

 
2   The ASSIGNER acknowledges the acceptance of restituting in favor of 
Corporación Amermín, S. A. de C. V., as derived from the judicial and terminated business regarding the project celebrated with Minas de Topago, S. A. de C. V., through the means of its legal representative, Mr. Miguel Ángel Cervantes Soto and related to the mining concessions covered by the rights derived from the mining lots “La Colmena” (title 181,965) “La Millonaria” (title 196,120, “Cuitláhuac” (title 191,845 and “La Mexicana” (title 211,981), the amount of $586,000.00 Dollars (Five hundred eighty six thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of 
$673,900.00 Dollars (Six hundred seventy three thousand and nine hundred Dollars 00/100 in United States currency)
 and that Corporación Amermín, S. A, de C. V., has decided to cede in favor of the 
ASSIGNEE the collection rights pertaining to the the amount of $197,956.52 Dollars (One hundred ninety seven thousand nine   hundred and fifty six 52/100 Dollars in United States currency), plus the corresponding Added Value Tax, that is, a sum total of 
$227,650.00 Dollars (Two hundred twenty seven thousand six hundred and fifty Dollars 00/100 in United   States currency)
, cession of rights that both, the ASSIGNEE as well as the ASSIGNER
 accept with the purpose of it being applied to the payment of the PRICE.
 

 Consequently, 
PARTIES convene in that the ASSIGNEE must pay the balance due of the 
PRICE in favor of the ASSIGNER, that is, the amount of $1’675,043.48 Dollars (One million six hundred seventy five thousand and forty three 48/100 Dollars in United States currency) plus the corresponding Added Value Tax for a sum total to be paid of 
$1’926,300.00 Dollars (One million nine hundred twenty six and three hundred 00/100 Dollars in United States currency)
 complying with the following schedule of partial payments:
 

 

 
1.  On the 28th November 2008 the amount of $35,000.00 Dollars (Thirty five thousand Dollars 00/100 in United States currency) plus the corresponding Added Value Tax for a sum total of 
$40,250.00 Dollars (Forty thousand and two hundred and fifty Dollars 00/100 in United States currency)
;
 

 6

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

 

 2.   On the 
28th March 2009 the amount of $35,000.00 Dollars (Thirty five thousand Dollars 00/100 in United States currency) plus the corresponding Added Value Tax for a sum total of 
$40,250.00 Dollars (Forty thousand and two hundred and fifty Dollars 00/100 in United States currency)
;
 

 

 
3.   On the 3rd June 2009, the amount of $50,614.37 Dollars (Fifty thousand sixhundred and fourteen Dollars 37/100 in United States currency), plus the corresponding Added Value Tax for a sum total of 
$58,206.2 Dollars (Fifty eight thousand two hundred and six Dollars 52/100 in United States currency)
;
 

 
4.    On the 28th July 2009, the amount of $80,000.00 Dollars (Eighty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is,a sum total of 
$92,000.00 Dollars (Ninety two thousand Dollars 00/100 in United States currency);

 
5.    On the 28th November 2009, the amount of $110,000.00 Dollars (One hundred and ten thousand Dollars 00/100 in United States Dollars), plus the corresponding added Value Tax, that is, a sum total of 
$126,500.00 Dollars (One hundred twenty six thousand and five hundred Dollars 00/100 in United States currency)
;
 

 
6.   On the 28th November 2010, the amount of $250,000.00 Dollars (Two hundred and fifty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that, a sum total of 
$287,500.00 Dollars (Two hundred eighty seven thousand and five hundred Dollars in United States currency)
;
 

 
7.    On the 28th May 2011, the amount of $250,000.00 Dollars (Two hundred and fifty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that, a sum total of 
$287,500.00 Dollars (Two hundred eighty seven thousand and five hundred Dollars in United States currency)
;
 

 
8.   On the 28th November 2011, the amount of $250,000.00 Dollars (Two hundred and fifty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that, a sum total of 
$287,500.00 Dollars (Two hundred eighty seven thousand and five hundred Dollars in United States currency)
;
 

 
9.    On the 28th May 2012, the amount of $250,000.00 Dollars (Two hundred and fifty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that, a sum total of 
$287,500.00 Dollars (Two hundred eighty seven thousand and five hundred Dollars in United States currency)
;
 

 

 

 

 7

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

10.   On the 28th November 2012, the amount of $364,429.11 Dollars (Three hundred sixty four thousand four hundred and twenty nine Dollars 11/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of 
$419,093.48 Dollars (Four hundred nineteen thousand and ninety three 48/100 Dollars in United States currency)
.
 

 Regardless of the terms agreed on, the
ASSIGNER expressly grants in favor of the ASSIGNEE a term of grace of 30 (thirty) natural days beginning as of the dates in which payments come due to cover the partial payments referred to herein.

 Payments described herein will be done by means of nominal checks and be delivered at the address of the
ASSIGNER, or, by means of electronic transfer of funds to the account that for such a purpose be determined in the future by the
ASSIGNER through at least a ten days prior notification to the ASSIGNEE
 

 In the event of missing payment on any of the amounts agreed upon in this Clause, the
ASSIGNEE commits himself to pay due to the delay a resulting amount from estimating 3 % (three per cent) a month upon uncovered balance.

 

 
SECOND. SUBSISTENCE OF CONTRACT: PARTIES expressly agree that the modifications agreed on in the foregoing Clause will in no way affect the validity, terms, conditions and execution of the remaining clauses of the
CONTRACT.
 

 

THIRD. ACKNOWLEDGEMENT OF DEBT: Considering that
AMERMIN has ceded in favor of the ASSIGNEE the collection rights due by the ASSIGNER for an amount of $197,956.52 Dollars (One hundred ninety seven thousand nine hundred and fifty six Dollars 52/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of
$227,650.00 Dollars (Two hundred twenty seven thousand six hundred and fifty Dollars 00/100 in United States currency), amount that has been duly compensated against the price to be paid by the
ASSIGNEE under the terms of the CONTRACT and of the modifications agreed on in same and conforming to the First Clause above, the
ASSIGNEE expressly acknowledges in favor of Amermín, the appearing party before this judicial act, for all legal effects that might arise, to owe in his favor the mentioned amount.

 
AMERMIN and the ASSIGNEE likewise agree that the amount owed recently acknowledged be paid afterwards, complying to such purpose with the terms and conditions that might be convened between both parties.

 
 

 FOURTH. CONFIDENTIALITY: PARTIES expressly commit themselves to keep in a confidential manner the totality of past, present and future information related to this present instrument, and extending same obligation to whomever, individual or corporate entity, it may be disclosed to.

 

 8

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

The PARTY recipient of confidential information must limit the access to it to its representatives or employees who, under a justified and reasonable cause, should come to request access to such information. Under such an assumption,
PARTIES must oblige these persons to the obligations of confidentiality.
 

 For purposes of this Clause, the following will not be considered confidential information: 1. Information legitimately known and obtained by the recipient
PARTY prior to the subscription of this agreement; 2. Information that to date or in the future be considered as public domain, if and ever it did not stem from an incompliance by any of the
PARTIES to the stipulations of this clause, or; 3. Information that must be disclosed to in agreement to law through an administrative or judicial mandate  by competent authorities, including those concerning the principal of transparency within the stock market media, both in the United States of Mexico as well as abroad.

 In case of a non compliance,
PARTIES reserve to themselves the right to take action that per law correspond to them, either administrative or judicial, in order to claim indemnity for harms and damages, as well as to promote any corresponding sanction.

 

 
FIFTH. ADDRESSES AND TELEPHONE CONTACTS: PARTIES agree that anything referring to the execution and compliance to the terms and conditions of this present instrument, as well as to notify and communicate anything in relation with same, state their addresses and contact telephones to be:

 

 
ASSIGNER 
 
ASSIGNEE
 

 Av. Independencia 2812

Calle California 5101-206

Col. Santa Rosa, C. P. 31050

Col. Haciendas de Santa Fe

Ciudad de Chihuahua, Chih.

Ciudad de Chihuahua, Chih.

 Phone: 01-614-415-1971

Phone: 01-614-200-8481

 

 In case of a change in address,
PARTIES agree in notifying their counterparts of such an event at least 5 (five) natural days prior to the date in which the change of address takes place. Not complying to the obligation herein described will imply that notices or communications delivered at the previous address of the
PARTY that changed address, will bear all legal effects in favor of the PARTY that was not notified in all opportunity, as of the date of delivery and for as long the non compliance subsists.

 

 
SIXTH. CONTACT PERSONS: PARTIES agree that the totality of notifications, announcements or communications necessary to surrender to their counterparts as derived from the terms and conditions of this present instrument must be addressed indistinctly to the following persons:

 

 9

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

ASSIGNER 
 
ASSIGNEE
 

 
Héctor Manuel Cervantes Soto
 
Ramiro Trevizo González
 
Agustín Cerón Guedea
 
Ramiro Trevizo Ledezma
 

 

 In case it be the will of the
PARTIES to change the Contact Persons, PARTIES agree in notifying their counterpart of such a circumstance at least 5 (five) natural days prior to the date in which other persons will be nominated. Not complying to the obligation described herein will imply that any announcements, notification or communications sent and delivered to the name of the previous addressees belonging to the
PARTY that made the change, will bear all legal effects in favor of the PARTY that was not notified in all opportunity, as of the date of delivery and for as long the non compliance subsists.

 

 
SEVENTH. TOTALITY OF CONTRACT: PARTIES accept that this present agreement, including the CONTRACT as well as it Annex as an integral part of same, contain the totality of the agreements between them regarding the object, and leaving without effect as well as canceling the whole of agreements, reports, negotiations, correspondence, commitments and communications carried out previously between them either in writing or verbal.

 

 
APPLICABLE LAW: PARTIES expressly agree to submit any controversy arising regarding the interpretation and execution of this present agreement before jurisdiction of the competent Courts of Law of the Morelos Judicial District in the City of Chihuahua, and thus, renouncing as of this moment to any other privileges that might correspond to them by reason of their current or future domiciles, or by any other circumstance.

 

 
BOTH PARTIES 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 CHIHUAUA, ON THE SECOND DAY OF THE MONTH OF JUNE OF THE YEAR TWO THOUSAND AND NINE.

 

 

 

 

 

 

 

 

 

 

 
 
 

 

10
 
Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.
 

 

ASSIGNER 
 
ASSIGNEE
 

 Signature

Signature

 /s/ Hector Manuel Cervantes Soto

/s/ Ramiro Trevizo Gonzalez

Héctor Manuel Cervantes Soto

American Metal Mining, SA de CV

Per his own right
 
Represented in this Act by:
 
Ramiro Trevizo González
 

 

 AMERMÍN

 Signature

 /s/ Ramiro Trevizo Ledezma

Corporación Amermín

S. A. de C. V:
 
Represented in this Act by:
 
Ramiro Trevizo Ledezma
 

 

 

 Mrs. Elsa Ordóñez Ordóñez, Atorney at Law, applicant to the position of Notary Public and assigned to Public Notary number 28 (twenty eight) of the Morelos Judicial District per license of its Title Holder Mr. Felipe Colomo Castro, Attorney at Law, records and certifies: ---------------------------------------------------------------------------------------------------

That this present copy agrees faithfully with its original as per the comparison I carried out. As evidence it is sealed and signed in 9 useful copies, and it’s issued for the use of the interested party and is authorized and signed in the City of Chihuahua on the 15
th June 2009. I so give faith.
 

 

 Mrs. ELSA ORDÓÑEZ ORDÓÑEZ

ATTORNEY AT LAW
 

 Signature
 

 /s/ Elsa Ordonez Ordonez

###

 11

Modifying agreement subscribed between Héctor Manuel Cervantes Soto on one hand, and American Metal Mining, S. A. de C. V., on the other, on the 2
nd June 2009.Converted by EDGARwiz

TRANSFER OF MINING RIGHTS CONTRACT CELEBRATED IN THIS ACT BY MR. CONRADO ACUÑA PERALTA IN HIS PERSONALITY AS GENERAL PROXY (THE TRANSFEROR) AND BY AMERICAN METAL MINING, S. A. DE C. V:, REPRESENTED IN THIS ACT BY MR. RAMIRO TREVIZO GONZÁLEZ, IN HIS PERSONALITY AS LEGAL REPRESENTATIVE (THE TRANSFEREE), JOINTLY NAMED (THE PARTIES), IN ACCORDANCE WITH THE FOLLOWING DECLARATIONS AND CLAUSES:

D E C L A R A T I O N S

I. The TRANSFEROR through the offices of its General Proxy and under oath of stating the truth, declares, that:

1. He is a Mexican citizen, of age, in complete use of his physical and mental faculties, as well as enabled to carry commercial transactions and all kinds of mercantile operations, reason by which he is endowed with the sufficient and necessary personality to intervene in this judicial act; 

2. As General Proxy he is endowed with the mandates, powers and required faculties to subscribe this present contract just as faith thereof is given in the Public Instrument number 25,243, Volume CCLVII granted on the 18th February before the testimony of Mr. David Martín Magaña Monreal, Attorney at Law and Notary Public number 16 of the City of Hermosillo, State of Sonora, and same that have to date not been limited, restrained, suspended or revoked.

3. He is duly inscribed in the Federal Taxpayers Registry under Fiscal Certificate number AUPE-501019-NQ0, and to be as of sate current in his income tax payments and other contributions that might have corresponded to him in conformity with the applicable and current legislation.

4. That he is the Holder at 100 % (one hundred per cent) of the mining rights derived from the concessions granted on the 3 (three) mining lots detailed following: the CONCESSIONS:

 

				
	Title

	Lot

	Surface

	Location

	219,915

	PIRITA

	1,940.3508 Hectares 

	Bacoachi, Sonora

	230,633

	LA FE

	3,545.1320 Hectares

	Morelos, Chihuahua

	230,933

	SUERTE

	1,170.6221 Hectares

	Urique, Chihuahua

1

Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

				

5. To date there exist debts regarding payment of rights and other contributions pertaining to the subsistence of the CONCESSIONS in prevalence and in good standing.

6. Excepting the rights mentioned, the rest of the obligations imposed by the Mining Law and its Ruling upon holders of this kind of administrative authorizations, among other applicable and current legal dispositions, have been duly complied with.

7. The CONCESSIONS are free of any kind of burden, attachment or limitation of ownership, reason by which it is legally possible to make use of same as may be agreed, be in total or partially.

8. The disposition of the rights derived from the CONCESSIONS under the terms of this present instrument does not imply non compliance of any sort to any of the commitments acquired previously on its part;

9. Prior to the subscription of this present contract, it received from the TRANSFEREE the amount of $50,000.00 Dollars (Fifty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $57,500.00 Dollars (Fifty seven thousand and five hundred Dollars 00/100 in United States currency) as advance upon the price agreed upon for the transfer of the mining rights derived from the CONCESSIONS, as is specified in forthcoming clause (The ADVANCE), and;

10.It is his free will to subscribe this present agreement with the purpose of transferring to the TRANSFEREE the title holding of the mining rights derived from the CONCESSIONS, complying in full to the terms and conditions of this instrument.

II. The TRANSFEREE declares through the office 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 in accordance with the applicable and current legislation of the United States of Mexico as per submission to Articles 10 and 11 of the Mining Law, among other applicable and current legal dispositions, just as faith is given of it in Public Writ number 17,227 granted on the 4th December 2006 before testimony of Mr. Eugenio Fernando García Russek, assigned to Public Notary number 28 of the Morelos Judicial District of the State of Chihuahua and acting Notary Public per license of its Holder Mr. Felipe Colomo Castro, Attorney at Law, and instrument that was duly inscribed in the Public Registry of Commerce of said Judicial District under electronic mercantile folio number 23,327*10, and reason by which he is 

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

endowed with the sufficient and necessary personality to intervene in this present judicial act;

2. Its representative is endowed with the sufficient and necessary mandates and faculties as faith of such is given in Public Writ number 22,497 granted on the 10th June 2008 before testimony of Mrs. Elsa Ordóñez Ordóñez, applicant to the exercise of Notary Public and assigned to Public Notary number 28 of the Morelos Judicial District of the State of Chihahua per license of its Holder, Mr. Felipe Colomo Castro, Attorney at Law, and instrument which is duly inscribed in the Public Registry of Commerce of the mentioned Judicial District under electronic mercantile folio 23,327*10, and same that to date have not been limited, restrained, suspended or revoked.

3. It is duly inscribed in the Federal Taxpayers Registry under Identification Certificate number AMM-061204-4R7, and to be current as of date in his income tax payments and other contributions that might have corresponded to him in accordance to the applicable and current fiscal legislation.

4. He is fully aware of the state in which the CONCESSIONS are and expressly acknowledges that same are not current in the payment of rights that have corresponded in order to maintain the prevalence and good standing of them, situation he will clear on his own account as soon as possible.

5. Save for the state in which the CONCESSIONS are regarding the payment of rights, he acknowledges that they are current in the rest of the obligations that for this type of administrative authorization is imposed by the Mining Law, its Ruling and additional and applicable current legal dispositions, as well as being free of any attachment, lien or limitation in their domain, and;

6. It is the free will of its Administration Board to subscribe this present agreement with the purpose that the TRANSFEROR transfers to him the title holding of the mining rights derived from the CONCESSIONS, complying in full to the terms and conditions of this instrument.

III. PARTIES declare through their respective legal proxies and legal representative, under oath of stating the truth, that they acknowledge the personality of their counterpart and that they appear to the subscription of this present contract in good faith, free of deceit, error, violence or any other vitiation in their consent, with the purpose of committing themselves to the following:

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

CLAUSES

FIRST. OBJECT: In submission to the disposition of Article 2,019 of the Federal Civil Code and its supplemental application agreeing with Article 23, last paragraph of the Mining Law, as well as with Article 2 of the Code of Commerce, among other applicable and current legal dispositions, by virtue of the subscription of this contract, the TRANSFEROR transfer definitely and in total in favor of the TRANSFEREE, free of any attachment, lien or limitation of ownership, 100 % (one hundred per cent) of the mining rights derived from the CONCESSIONS, and receiving in exchange as a counterclaim concept the certain and determined price described in the forthcoming clause.

SECOND. PRICE: As counterclaim for the described transfer, the TRANSFEREE commits itself to pay in favor of the TRANSFEROR the amount of $250,000.00 Dollars (Two hundred and fifty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that, an amount of $37,500.00 Dollars (Thirty seven thousand and five hundred Dollars 00/100 in United States currency), for a sum total to be paid of $287,500.00 Dollars (Two hundred eighty seven thousand and five hundred Dollars 00/100 in United States currency) (The PRICE), and complying in full to the terms and conditions agreed on in this instrument.

Specifically, PARTIES agree in assigning the following prices to each of the CONCESSIONS, amounts that on being added will result in the total of the PRICE.

1. To the mining rights derived from the concession granted on lot named “PIRITA”, the amount of $220,000.00 Dollars (Two hundred and twenty thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $253,000.00 Dollars (Two hundred fifty three thousand Dollars 00/100 in United States currency).

2. To the mining rights derived from the concession granted on lot named “LA FE”, the amount of $15,000.00 Dollars (Fifteen thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $17,250.00 Dollars (Seventeen thousand two hundred and fifty Dollars 00/100 in United States currency), and;

3. To the mining rights derived from the concession granted on lot named “SUERTE”, the amount of $15,000.00 Dollars (Fifteen thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $17,250.00 Dollars (Seventeen thousand two hundred and fifty Dollars 00/100 in United States currency).

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

THIRD. MANNER, TIME AND ADDRESS OF PAYMENT: The TRANSFEREE commits itself to pay the amount of the PRICE in favor of the TRANSFEROR through nominal check for deposit in the beneficiary’s account, as one, or through an electronic transfer of funds to a banking account the TRANSFEROR will let the TRANSFEREE know in all opportunity. In any case, the TRANSFEROR authorizes the TRANSFERE as of this moment to choose freely from any of the two options stated in which the PRICE will be paid.

Regarding the time of payment of the PRICE, PARTIES agree that it be carried out through partial payments as per the following schedule:

1. By means of the ADVANCE that has been already extended in favor of the TRANSFEROR prior to the subscription of this present instrument under the terms of the previous declaration 1.9.

2. On the third (3rd) month as of the date of this present contract, that is, at the latest on the 8th October 2009, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

3. On the sixth (6th) month as of the date of this present contract, that is, at the latest on the 8th January 2010, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

4. On the ninth (9th) month as of the date of this present contract, that is, at the latest on the 8th April 2010, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

5. On the twelfth (12th) month as of the date of this present contract, that is, at the latest on the 8th July 2010, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

6. On the fifteenth (15th) month as of the date of this present contract, that is, at the latest on the 8th October 2010, the amount of $25,000.00 Dollars (Twenty five thousand 

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

On the eighteenth (18th) month as of the date of this present contract, that is, at the latest on the 8th January 2011, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

8. On the twenty first (21st) month as of the date of this present contract, that is, at the latest on the 8th April 2011, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

9. On the twenty fourth (24th) month as of the date of this present contract, that is, at the latest on the 8th July 2011, the amount of $25,000.00 Dollars (Twenty five thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $28,750.00 Dollars (Twenty eight thousand seven hundred and fifty Dollars 00/100 in United States currency):

Regardless of the terms established in the immediately above clause on partial payments accountable to the TRANSFEREE, the TRANSFEROR expressly grants in favor of the TRANSFEREE a time period of grace of 30 (thirty) natural days, beginning as of the dates in which it must cover the partial payments in reference, to cover same without incurring in any penalty.

Likewise, the TRANSFEROR grants as of this moment in favor of the TRANSFEREE the possibility of paying in advance any of the partial payments described, as well, without incurring in any penalty.

Regarding the address in which the PRICE must be paid, and under the supposition that TRANSFEREE chooses to do so through nominal check for deposit in the beneficiary’s account, in conformity with the first paragraph of this clause, the TRANSFEROR expressly accepts that such documents be delivered at the conventional address established for such a purpose in the following clause. 

FOURTH. REPARATON IN CASE OF EVICTION: The TRANSFEROR commits itself to answer to the TRANSFEREE on the reparation in case of eviction from the CONCESSIONS as per Article, 2,282, Fraction III, of the Federal Civil Code, among other applicable and legal dispositions.

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

FIFTH. ADMINISTRATIVE OBLIGATION. The TRANSFEREE commits itself to sep the CONCESSIONS prevalent, complying to such an effect with the paper work and respective payment of rights and subjecting itself to the general dispositions and Mexican Official Standards of the Mining and Metallurgical Industry, in conformity with Article 27 of the Mining Law, among others applicable, its Ruling and other applicable and current legislations.

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

 SEVENTH. EXPENSES: The totality of expenses, taxes, fees, rights and other expenditures that must be spent for the subscription and ratification of this present contract, as well as for the paper work to be done for its inscription in the Public Registry of Mines, will be covered by the TRANSFEREE.

EIGHTH. PROOF OF PAYMENT: Against payment of each of the partialities of the PRICE, the TRANSFEROR obliges himself to issue in favor of the TRANSFEREE a valid fiscal voucher as required by the applicable and current fiscal legislation. The TRANSFERROR is committed to deliver such vouchers at the address of the TRANSFEREE within the following 5 (five) able days as of the date in which the corresponding payment was made independently of the chosen manner of payment by the TRANSFEREE to such an effect.

NINTH. CONFIDENTIALITY: PARTIES expressly commit themselves to keep the totality of past, present and future information in a confidential character regarding this instrument and extending same obligation to any invidicual or corporation it may be disclosed to.

The PARTY recipient of such confidential information must limit access to it to its representatives or employees that, under a justified and reasonable cause may solicit access to such information. In such cases, PARTIES must extend the same obligation of confidentiality as agreed to whomever confidential information is disclosed to.

For purposes of this present clause, the following Will not be considered confidential information: 1. Information legitimately known and obtained by the recipient PARTY prior to the subscription of this agreement; 2. Information that is to date or in the future considered as public domain, if and ever such consideration, did not derive from the non compliance of any of the PARTIES to the stipulation in this clause, or; 3. Information 

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

that must be disclosed to according to law through an administrative or judicial mandate issued by competent authorities, including those of the Stock Market media.

TENTH. DURATION AND ADVANCED TERMINATION: This present contract will have a duration between the period of dates 8th July 2009 and 8th August 2011, dateline for the payment of the pending balance of the PRICE by the TRANSFEREE in favor of the TRANSFEROR.

None of the PARTIES will be able to terminate this present instrument in advance unless a terminating or extinctive agreement be subscribed between in common accord.

ELEVENTH. NON COMPLIANCE AND ANNULMENT: PARTIES agree that in case any of them does not comply to the obligations contracted by virtue of the subscription of this present instrument, either will be in its right to require a forceful compliance to the obligation not complied to, on one hand or, the annulment of this present contract by the PARTY so demanding.

PARTIES expressly agree in that, in the assumption this present contract may not be carried out in full by reasons imputable to the TRANSFEREE, or by force majeure causes, a fortuitous event or by an act of nature, or by an expressed annulment or termination of the contract under the terms of the tenth clause, all payments incurred in in favor of the TRANSFEROR to date, will remain in favor of this latter.

The annulment of this contract by the stated motive will not liberate any of the PARTIES from complying with the obligations that were to be carried out prior to the effective date of annulment.

TWELFTH. SEPARATE ENTITIES: None of the terms and conditions of this present instrument must be interpreted in the sense that PARTIES have constituted any kind of society or association relationship, reason by which their assets and fiscal obligations are not put together before any third party and by whatever other reason.

THIRTEENTH. FISCAL OBLIGATIONS: On being registered and in order before the Federal Taxpayers Registry as well as current in their income tax payments and other contributions that have corresponded to them to date, PARTIES agree that each one, individually, will cover payments on taxes that individually correspond to each in compliance to the terms and conditions of this present instrument, and in accordance to the applicable and current fiscal legislation, committing to leave their counterparts free from any fiscal obligation that might be imputed on them contrary to this clause by competent authorities.

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

FOURTEENTH. LABOR RELATIONS: In order to comply with the obligations that each PARTY assumes by virtue of the subscription of this contract, they manifest that will act as totally independent entities reason by which by no reason whatsoever will it be understood that there exists a labor relationship between them, thus discarding the possibility of applying the current social security and labor legislation. In consequence, PARTIES, under no pretext can hire employees and workers in the name and representation of their counterparts.

Regarding their own workers and employees, PARTIES state that there does not exist a labor relationship between the workers and employees of the TRANSFERROR with those of the TRANSFEREE, nor of any of this latter with the former. Thus, PARTIES state being the employers of their own workers and employees, complying as such with the current and applicable social security and labor legislations and also, to be the only and exclusively responsible entities regarding the social security and labor legislations to be met with in favor of such subjects.

Consequently, PARTIES commit themselves to liberate their counterpart from any labor or social security responsibility that might be imputed contrary to this clause in relation to their own workers and employees under the terms of the current and applicable social security and labor legislations.

FIFTEENTH. ADDRESSES AND CONTACT TELEPHONES. PARTIES agree that for anything referring to the execution and compliance of the terms and conditions of this present instrument, as well as to give announcements, notices and other communications related to same, they state their addresses and contact telephones to be the following: 

		
	TRANSFEROR

	TRANSFEREE

	Privada de Connecticut 1805

	Calle California 5101, Despacho 206

	Colonia Residencial Campestre

	Colonia Haciendas de Santa Fe

	City of Chihuahua

	Ciudad de Chihuahua

	State of Chihuahua, Mexico

	State of Chihuahua, Mexico

	Telephone: 52-614-423-4098

	Telephone: 52-614-200-8483

In case of a change in address PARTIES convene in notifying their counterpart of such a circumstance at least 5 (five) days in advance to the date in which the change of address will take place.

SIXTEENTH. ANNOUNCEMENTS, NOTIFICATIONS AND COMMUNICATIONS: Parties convene that any announcement, notification or communication necessary to be given to their counterpart must be done in writing.

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

Delivery of such documents can be carried out through three jeans: 1. BY ordinary courier service delivered on hand or by certificate mail, both with acknowledgement of receipt; 2. Via Fax, or; 3. By an electronic means. In this alter case, sending of the document will only be considered valid and legally carried out when reception of the respective electronic mail is likewise confirmed electronically within 3 (three) natural days following the issuance of same by means of an answering message and confirmation by the addressee.

PARTIES agree likewise that announcements, notifications and communications carried out in relation to this present instrument will legally be in effect of the effective day of reception. In case that such letters include some kind of term, same will start being in effect on the following day of its reception, independently if it is an able day or not.

SEVENTEENTH. CONTACT PERSONS: PARTIES agree that the totality of announcements, notifications and communications necessary to be given to their counterpart derived from the terms and conditions of this present instrument must be addressed indistinctly to the following persons:

		
	TRANSFEROR

	TRANSFEREE

	EMILIO ACUÑA PERALTA

	RAMIRO TREVIZO LEDEZMA

	CONRADO ACUÑA PERALTA

	RAMIRO TREVIZO GONZÁLEZ

In case it be the will of PARTIES to change their contact persons, they agree in notifying their counterpart at least 5 (five) natural days in advance to the date in which another person will be nominated. Not complying to this described obligations implies that the announcements, notifications and communications sent and delivered to the names of the original persons of the PARTY having changed persons, will bear all legal effects in favor of the PARTY not having been notified in all opportunity as of the date of delivery and for as long as the non compliance subsists.

EIGHTEENTH. TOTALITY OF THE CONTRACT: PARTIES accept that this present contract contains the totality of agreements between them regarding the object, thus leaving without any effect and canceling the totality of agreements, reports, negotiations, correspondence, commitments and communications carried out previously between them, either in writing or verbally.

NINETEEENTH. MODIFICATIONS: The terms and conditions of this present instrument can only be modified by virtue of the subscription of modifying agreements between the PARTIES. To such agreements must be added as annex an ordinary copy of this contract always vying for a complete interpretation of the terms and conditions that the PARTIES have agreed upon.

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

TWENTIETH. HEADINGS: PARTIES acknowledge that the headings of these clauses in which this contract is divided have been included only with the purpose of making the reading of this document easier and as such are of no interpretative or obligatory value.

TWENTY FIRST. APPLICABLE LAW: This present document will abide and will be interpreted in conformity with the Mining Law, its Ruling and the Federal Civil Code among other current and applicable legal dispositions in the United States of Mexico.

TWENTY SECOND. JURISDICTION AND COMPETENCE: In case there may arise any controversies in relation to the validity, intention, interpretation, execution or compliance with the contract, PARTIES expressly convene to submit same to the competent Courts of Law of the Morelos Judicial District in the City of Chihuahua, State of Chihuahua, giving up any other jurisdiction or privilege that might correspond to them by reason of their present or future domiciles, or by whatever other circumstance.

BOTH PARTIES IN THE KNOWLEDGE OF THE FORCE AND LEGAL REACH OF THIS PRESENT CONTRACT, SUBSCRIBE IT BEING TOGETHER IN THE CITY OF CHIHUAHUA, STATE OF CHIHUAHUA, ON THE EIGHTH DAY OF THE MONTH OF JULY OF THE YEAR TWO THOUSAND AND NINE:

		
	

EMILIO ACUÑA PERALTA,

REPRESENTED IN THIS ACT BY

CONRADO ACUÑA ARANDA.

/s/ Emilio Acuna Peralta

	

AMERICAN METAL MINING,

S. A. DE C. V.,

REPRESENTED 

BY: RAMIRO TREVIZO GONZÁLEZ.

/s/ Ramiro Trevizo Gonzalez

_________________________________________________________

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Transfer of mining rights contract subscribed between Mr. Emilio Acuña Peralta, on one hand and American Metal Mining, S. A. de C. V., on the other on the 8th July 2009

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