Document:

Exhibit 10.12

                             SHAREHOLDERS AGREEMENT

         This ownership and representation agreement ("Agreement") is entered
this 21st day of February, 2001, by and between CapSource Financial, Inc., a
Colorado corporation ("CapSource"), Transco de Mexico S.A. de C.V., a
corporation organized in the United Mexican States, and a subsidiary of
CapSource and Mario Conzuelo, an individual residing in the United Mexican
States ("Partner") (collectively the "Parties").

                                    RECITALS

         WHEREAS, on February 21, 2001, CapSource and Hyundai Precision America,
Inc. entered into an agreement ("Hyundai Agreement") whereby CapSource and its
assignees have the exclusive right to distribute certain Hyundai products in the
United Mexican States;

         WHEREAS, CapSource has or will form a new Mexican subsidiary company
("Transco") to conduct business pursuant to the Hyundai Agreement;

         WHEREAS, CapSource has or will make significant capital contributions
to Transco;

         WHEREAS, Partner was instrumental in arranging the Hyundai Agreement
and CapSource envisions that Partner will also be instrumental in the success of
Transco;

         NOW, THEREFORE, in consideration of the premises and of the mutual
promises and covenants set forth herein, the parties agree to the following:

         1. Stock Ownership. The shares of Transco shall be initially owned as
follows: eighty percent (80%) by CapSource ("Majority Shares") and twenty
percent (20%) by Partner ("Partner's Shares").

         2. Representation. Partner acknowledges that the Board of Directors of
Transco ("Transco Board") has created a vacancy on the Transco Board by creating
a new directorship and has filled such vacancy by electing Partner. Transco
agrees that from the date of this Agreement and for so long as the Partner shall
be the owner of the Minority Shares, in each instance in which individuals are
nominated for election to the Transco Board, Transco shall cause to be nominated
for election to the Transco Board by the Transco Shareholders the Partner.
Partner may at his sole discretion choose not to stand for election to the
Transco Board of Directors and may resign from the Transco Board of Directors at
any time.

         3. Management of Transco. The Transco Board shall oversee the business
of Transco and may exercise all powers of Transco, subject to the restrictions
imposed by this Agreement.

         A.       Meeting of the Transco Board. A meeting of the Transco Board
                  shall be held at least twice each year.

         B.       Quorum. At all meetings of the Transco Board, three (3)
                  members, represented in person or by proxy, shall constitute a
                  quorum of the transaction of business.

         C.       Vote. Each member of the Transco Board shall have one (1)
                  vote.

         D.       Actions of Transco. The following actions by Transco shall be
                  taken only by the Transco Board (subject to Shareholders'
                  approval where required by law): (i) approval or amendment of
                  Transco's one-year and five-year business plan; (ii)
                  selection, hiring and retention and compensation of Transco's
                  Managing Director; (iii) commencement, expansion, termination
                  or reduction of any line of business of Transco; (iv)
                  borrowing or lending by Transco other than

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                  (A) short term borrowing in the ordinary course of business;
                  and (B) borrowing or lending expressly authorized in the then
                  currently approved business plan; (v) any guarantees of
                  payment or performance by a third party other than in the
                  ordinary course of business; (vi) transactions with the
                  Parties or their affiliates except in accordance with the
                  terms of this Agreement, or the entering into, or modification
                  of any contract or agreement to which any Party or any
                  affiliate is a party; (vii) any sale, exchange or other
                  disposition of any material amount of the property and assets
                  of Transco except in accordance with the then currently
                  approved business plan or any capital expenditure not in the
                  then currently approved business plan in excess of Ten
                  Thousand Dollars U.S. ($10,000); (viii) the creation of any
                  lien or encumbrance on any asset of Transco, other than a lien
                  arising by operation of law or in the ordinary course of
                  business; (ix) the establishment or acquisition or disposal of
                  any interest in any corporation or other entity; (x) any
                  merger or consolidation of Transco with any other corporation
                  or business; (xi) the voluntary dissolution of Transco; (xii)
                  any addition or alteration to, or amendment or repeal of, the
                  Articles of Association (or similar document) of Transco.

         E.       No Compensation of Directors. The directors of Transco shall
                  receive no compensation from Transco for their services as
                  directors. Travel and accommodation expenses of the directors
                  incurred in connection with the performance of duties as
                  directors shall be borne by Transco.

         F.       Managing Director. The Managing Director of Transco shall be
                  responsible for, and have the power and authority to, conduct
                  the day-to-day operations of Transco, subject to (i) this
                  Agreement; and (ii) the decisions of the Transco Board. The
                  Managing Director shall report to the Transco Board.

         4. Convertibility of Minority Shares. The Partner shall have the option
to convert the Partner's Shares ("Conversion Rights") into shares of CapSource
("CapSource Common Stock") on the following terms and conditions:

         A.       Subject to adjustment as set forth below, the conversion ratio
                  shall be as set forth in Exhibit A ("Conversion Ratio") which
                  is attached and made a part of this Agreement.

         B.       The Partner shall have the right to convert fifty percent
                  (50%) (but not less than 50%) of the Partner's Shares at any
                  time pursuant to the Conversion Ratio.

         C.       The Conversion Ratio is subject to adjustment from time to
                  time as provided in this Section 4(c). In the event CapSource
                  shall at any time after the date of this Agreement (i) declare
                  or pay any dividend on the CapSource Common Stock in shares of
                  common stock; (ii) subdivide or split the outstanding
                  CapSource Common Stock into a greater number of shares; (iii)
                  combine or consolidate the CapSource Common Stock into a
                  smaller number of shares or effect a reverse split of the
                  outstanding CapSource Common Stock, then the Conversion Ratio
                  in effect at the time of the record date for such dividend or
                  of the effective date of such subdivision, combination or
                  reclassification, shall be proportionately adjusted so that
                  the Partner shall be entitled to receive, upon conversion the
                  aggregate number and kind of CapSource Common Stock, which, if
                  such conversion had been exercised immediately prior to such
                  date, the Partner would have owned upon such exercise and been
                  entitled to receive by virtue of such dividend, subdivision,
                  combination or reclassification.

         D.       The Partner's conversion rights shall be terminated
                  immediately upon receipt from Hyundai of notice that Transco's
                  rights under the Hyundai have been terminated.

         5. Restriction on Distributions. The parties acknowledge and agree that
the amount and timing of any distributions to shareholders will be at the sole
discretion of the Transco Board.

         6. Buy/Sell Provisions. The parties agree to the following buy-sell
provisions:

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         A.       Offer. Subject to the conditions set forth below, at any time
                  after the date of this Agreement, either CapSource or Partner
                  ("Electing Party") may offer to buy all, but not less than
                  all, of the shares of Transco owned by the other party
                  ("Offeree") by delivering to the Offeree a written notice
                  ("Buy-Sell Offer") stating the Electing Party's proposed
                  purchase price for the shares ("Purchase Price").

         B.       Reply Notice. The Offeree shall have sixty (60) days after the
                  receipt of the Buy-Sell Offer within which to send written
                  notice ("Reply Notice") to the Electing Party stating whether
                  the Offeree will either: (a) sell to the Electing Party all of
                  the Offeree's shares; or (b) buy from the Electing Party all
                  of the Electing Party's shares. If the Electing Party does not
                  receive a Reply Notice within the sixty (60) day reply period,
                  the Offeree shall be conclusively deemed to have accepted the
                  Electing Party's offer to purchase the Offeree's shares, and a
                  binding contract of purchase and sale shall be deemed to be
                  formed between the Electing Party and the Offeree at the
                  Purchase Price. If the Offeree elects to purchase, it shall
                  purchase all of the Electing Party's shares, at the applicable
                  Purchase Price per share.

         C.       Closing. The closing for the purchase of the shares pursuant
                  to this Section 6 ("Closing") shall be held at the principal
                  office of CapSource unless otherwise mutually agreed, on a
                  date selected by the purchasing party, but not more than sixty
                  (60) days after the formation of a purchase contract upon the
                  Offeror's receipt of a Reply Notice or the expiration of the
                  sixty (60) day reply period, as applicable, under Section 6(b)
                  above.

         D.       Payment of Purchase Price. The Purchase Price shall be paid in
                  cash at the Closing.

         E.       Default. If the purchasing party does not close the purchase
                  of shares under this Section 6 as a result of his default, the
                  selling party shall have the right (but not the obligation),
                  in addition to any other rights or remedies he may have to
                  elect, by a notice (to be effective immediately) to the
                  defaulting party, (a) to purchase the defaulting Party's
                  shares at a purchase price equal to eighty-five percent (85%)
                  of the Purchase Price of the defaulting party's shares; or (b)
                  to file suit for consequential and incidental damages arising
                  from the defaulting party's failure to close his purchase.

         F.       Conditions on Implementing Buy-Sell Procedure. Notwithstanding
                  anything to the contrary in this Section 6, if CapSource
                  invokes the Buy-Sell procedure the Partner shall have the
                  right to convert his shares in Transco as set forth in Section
                  4 of this Agreement within the sixty (60) day period set forth
                  in Section 6(b).

         7. Drag Along Rights. If at any time any one or more of the
shareholders of Transco (the "Seller") shall propose to undertake a sale of
fifty percent (50%) or more of Transco's then issued and outstanding shares of
capital stock to a single entity or person in a single transaction or series of
related transactions ("Proposed Transaction"), then Partner shall, if requested
by such Seller, sell all of his Shares in such transaction on the same terms and
for the same consideration. Such Seller shall give Partner written notice of any
Proposed Transaction at least twenty (20) days prior to the date on which such
transaction shall be consummated, including the terms and conditions thereof,
and Partner shall have the obligation to sell his Shares on such same terms and
conditions in accordance with the instructions set forth in such notice. In such
event, Partner shall deliver the share certificate(s) (accompanied by duly
executed stock powers or other instrument of transfer duly endorsed in blank)
representing the shares of Transco to Transco or to an agent designated by
Transco, for the purpose of effectuating the transfer of the shares to the
purchaser and the disbursement of the proceeds of such transactions to the
Partner. Transco may, at its option, deposit the consideration payable for the
shares with a depository designated by it and thereafter each share certificate
shall represent only the right to receive the consideration payable in the
transaction.

         8. Additional Investment. Should Transco, at the discretion of the
Transco Board, desire to obtain additional equity capital, the Partner shall
have the right (but not the obligation) to purchase such additional shares

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of Transco on the same terms and conditions as a new investor so that after such
new investment the Partner shall still own twenty percent (20%) of the issued
and outstanding shares of Transco.

         9. Restriction on Transfer, Proxies, Etc. Except as set forth in this
Agreement Partner, in his capacity as shareholder, shall not, directly or
indirectly: (a) offer for sale, sell, transfer, tender, pledge, encumber, assign
or otherwise dispose of, or enter into any contract, option or other arrangement
or understanding with respect to or consent to the offer for sale, sale,
transfer, tender, pledge, encumbrance, assignment or other disposition of, any
or all of the Partner's Shares or any interest therein; (b) except as
contemplated hereby, grant any proxies or powers of attorney, deposit any
Partner's Shares into a voting trust or enter into a voting agreement with
respect to any Partner's Shares; or (c) take any action that would make any
representation or warranty of such Partner contained herein untrue or incorrect
or have the effect of preventing or disabling such Partner from performing, such
Partner's obligations under this Agreement.

         10. Investment Representation Regarding CapSource Shares.

         A.       Securities Act. The Partner acknowledges that (a) the shares
                  being acquired by the Partner in CapSource pursuant to the
                  conversion provisions set forth in Section 4 are not and will
                  not be registered under the Securities Act and that CapSource
                  has any obligation to the Partner to register such shares; and
                  (b) that the Partner is sophisticated in financial affairs and
                  is able to evaluate the risks inherent in the shares, and is
                  acquiring the shares for investment for its own account, with
                  no present intention of dividing its participation with others
                  or reselling or otherwise distributing the same, subject,
                  nevertheless, to any requirement of law that the disposition
                  of its property shall at all times be within its control.

         B.       Resales. The Partner will not sell or transfer all or any part
                  of his shares in CapSource unless and until it shall first
                  have given notice to CapSource describing such sale or
                  transfer and furnished to CapSource either (i) an opinion,
                  reasonably satisfactory to counsel for CapSource skilled in
                  securities matters to the effect that the proposed sale or
                  transfer may be made without registration under the Securities
                  Act; or (ii) an interpretive letter from the staff of the
                  Securities and Exchange Commission ("SEC") to the effect that
                  no enforcement action will be recommended if the proposed sale
                  or transfer is made without registration under the Securities
                  Act of 1932, as amended, ("Act") in either case accompanied by
                  evidence that such transfer will be in compliance with
                  applicable state securities ("blue sky") laws; provided,
                  however, that the foregoing shall not apply with respect to
                  (1) any transfer pursuant to an effective registration
                  statement under the Act, or pursuant to Rule 144 thereunder;
                  (2) any transfers between a Purchaser and any institutional
                  affiliate of such Purchaser for its own account.

         C.       Legends. CapSource may place appropriate legends on the
                  certificates representing shares being acquired by the Partner
                  in CapSource pursuant to the conversion provisions set forth
                  in Section 4 and may refuse to transfer any of the securities
                  on its books should the holders thereof attempt to transfer
                  any of them otherwise than in compliance herewith and
                  therewith. Such legend shall be in substantially the following
                  form:

                  The sale, transfer or assignment of the securities represented
                  by this certificate are subject to the terms and conditions of
                  a certain Shareholders Agreement dated January __, 2001, among
                  Transco and certain of its holders of its outstanding capital
                  stock. Copies of such Agreement may be obtained at no cost by
                  written request made by the holder of record of this
                  certificate to the Secretary of Transco.

CapSource agrees to reissue certificates representing the shares being acquired
by the Partner in CapSource pursuant to the conversion provisions set forth in
Section 4 Securities without the legend provided for above at such time as (i)
the holder thereof is permitted to dispose of such Securities or Conversion
Shares pursuant to Rule 144 under the Act; (ii) the shares are sold to a
purchaser or purchasers who (in the opinion of counsel to such purchasers, in
form

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<PAGE>

and substance reasonably satisfactory to CapSource and its counsel) are able to
dispose of such shares publicly without registration under the Act; or (iii)
such securities are registered under the Act.

         11. Insider Transactions. The Parties agree that any transactions
between Transco and its officers, directors, shareholders or their affiliates,
including, without limitation, any sales of capital stock or assets of Transco,
will be on terms no less favorable to Transco than could be obtained from
unaffiliated third parties on an arm's-length basis and will require the
approval of a majority of Transco's disinterested directors.

         12. Commissions. Transco will compensate Partner for the sales of
equipment made by the Partner at the same rate as Transco pays its other
employees for such sales. The Partner acknowledges and agrees that no
commissions will be paid to Partner on sales of equipment made by sub-agents of
Transco.

         13. No Other Agreement. Partner represents that he has not granted and
is not a party to any proxy, voting trust or other agreement which is
inconsistent with or conflicts with the provisions of this Agreement, and
Partner shall not grant any proxy or become party to any voting trust or other
agreement which is inconsistent with or conflicts with the provisions of this
Agreement.

         14. Binding Effect. This Agreement shall be binding upon and inure to
the benefit of the Parties hereto and their respective permitted successors and
assignees, legal representatives and heirs. Nothing in this Agreement, express
or implied, is intended to confer upon any party other than the Parties hereto
or their respective successors and assigns any rights, remedies, obligations, or
liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement. The administrator, executor or legal representative of the
Partner shall have the right to execute and deliver all documents and perform
all acts necessary to exercise and perform the rights and obligations of such
Partner under the terms of this Agreement.

         15. Injunctive Relief. It is acknowledged that it will be impossible to
measure the damages that would be suffered by the non-breaching party if any
party fails to comply with the provisions of this Agreement and that in the
event of any such failure, the non-breaching parties will not have an adequate
remedy at law. The non-breaching parties shall, therefore, be entitled to obtain
specific performance of the breaching party's obligations hereunder and to
obtain immediate injunctive relief. The breaching party shall not urge, as a
defense to any proceeding for such specific performance or injunctive relief,
that the non-breaching parties have an adequate remedy at law. If any action at
law or in equity is necessary to enforce or interpret the terms of this
Agreement, the prevailing party shall be entitled to reasonable attorneys' fees,
costs and necessary disbursements in addition to any other relief to which such
party may be entitled.

         16. Miscellaneous.

         A.       Notices and Consents. Whenever, under the provisions of this
                  Agreement, notice is required to be given to any party, it
                  shall not be construed to mean personal notice, but such
                  notice may be given in writing, by mail, addressed to such
                  party at the party's address as it appears on the records of
                  Transco with postage thereon prepaid, and such notice shall be
                  deemed to be given forty-eight (48) hours after the notice is
                  deposited in the United States mail. Notice to a party may
                  also be given by facsimile and deemed received when sent
                  during regular business hours, or otherwise immediately upon
                  the opening of business the next regular business day. All
                  consents required or allowed in this Agreement must be in
                  writing and signed by the consenting party in order to be
                  effective.

         B.       Waiver of Notice. Any required notice may be waived in writing
                  by the Person entitled thereto.

         C.       Severability. Each provision hereof is intended to be
                  severable and the invalidity or illegality of any portion of
                  this Agreement shall not affect the validity or legality of
                  the remainder hereof.

         D.       Captions. Section captions in this Agreement are for
                  convenience only and shall not be used in interpreting its
                  provisions.

                                       5
<PAGE>

         E.       Gender, Etc. The masculine gender shall include the feminine
                  and neuter genders and the singular shall include the plural.

         F.       Binding Agreement. Subject to the restrictions on assignment
                  herein, the provisions of this Agreement shall be binding
                  upon, and inure to the benefit of, the successors and assigns
                  of the parties. In addition, all references to a party
                  include, bind and inure to the benefit of the party's
                  partners, officers, directors, agents, employees, successors
                  in interest and assigns.

         G.       Applicable Law. All the provisions of this Agreement shall be
                  construed under the laws of Minnesota (without reference to
                  any conflicts of law principles). To the extent permitted by
                  governing law, this Agreement shall constitute a waiver by
                  each party of all rights under the laws of the United Mexican
                  States which are inconsistent with the provisions of this
                  Agreement.

         H.       Consent to Jurisdiction. Partner hereby submits to the
                  exclusive jurisdiction of the courts of general jurisdiction
                  of the State of Minnesota and the federal courts of the United
                  States of America, located in the District of Minnesota,
                  solely in respect of the interpretation and enforcement of the
                  provisions of this Agreement and any other agreement,
                  instrument or other document entered into in connection
                  herewith and hereby waives, and agrees not to assert, as a
                  defense in any action, suit or proceeding for the
                  interpretation or enforcement of this Agreement or any such
                  other agreement, instrument or other document, that it is not
                  subject thereto or that such action, suit or proceeding may
                  not be brought or is not maintainable in such courts or that
                  this Agreement or any such other agreement, instrument or
                  other document may not be enforced in or by such courts or
                  that its property is exempt or immune from execution, that the
                  suit, action or proceeding is brought in an inconvenient
                  forum, or that the venue of the suit, action or proceeding is
                  improper. Service of process with respect thereto may be made
                  upon Partner by mailing a copy thereof by registered or
                  certified mail, postage prepaid, to such party at its address
                  as provided in this Agreement, provided that service of
                  process may be accomplished in any other manner permitted by
                  applicable law.

         I.       Notices. All notices, requests, reports and other
                  communications pursuant to this Agreement shall be in writing,
                  either by letter (delivered by hand or commercial messenger
                  service or sent by certified mail, return receipt requested)
                  or telegram or telecopy, addressed as follows:

         If to CapSource

                   CapSource Financial, Inc.
                   Attn: General Counsel
                   1729 Donegal Drive
                   Woodbury, MN 55125

         If to Transco

                   ------------------------------------

                   ------------------------------------

                   ------------------------------------

                 With a copy to

                    CapSource Financial, Inc.
                    Attn: General Counsel
                    1729 Donegal Drive
                    Woodbury, MN 55125

                                       6
<PAGE>

         If to Partner

                   ------------------------------------

                   ------------------------------------

                   ------------------------------------

         J.       Entire Agreement. This Agreement constitutes the entire
                  agreement of the parties hereto with respect to the matters
                  set forth herein and supersedes any prior understanding or
                  agreement, oral or written, with respect thereto.

         K.       Agreement in Counterparts. This Agreement may be executed in
                  several counterparts and all so executed shall constitute one
                  Agreement, binding on all the parties hereto, notwithstanding
                  that all the parties are not signatories to the original or
                  the same counterpart.

         L.       No Third-party Beneficiary. The provisions of this Agreement
                  are intended to be for the benefit of the Partner and
                  CapSource only and shall not confer any right or claim upon,
                  or otherwise inure to the benefit of, any creditor of, or
                  other third party having dealings with Transco or CapSource.

         IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement, or a counterpart hereof, as of the date first written above.

MARIO CONZUELO

-------------------------------------

CAPSOURCE FINANCIAL, INC.

-------------------------------------
Fred C. Boethling
President

TRANSCO S.A. DE C.V.

-------------------------------------
Carlos ________
Director General

                                       7
<PAGE>

                                    EXHIBIT A
                                CONVERSION RATIO

         Subject to the provisions of Section 4. Convertibility of Minority
Shares, the Partner may convert on the following basis:

                  a)       No conversion.

                  a.       200 shares for each trailer sold between 200 and 500
                           during Year 1 and 300 for each trailer sold in excess
                           of 500 during Year 1; and in no case less than 10,000
                           shares.

                  b.       200 shares for each trailer sold between 300 and 600
                           during Year 2 and 300 for each trailer sold in excess
                           of 900 during Year 2; and in no case less than 20,000
                           shares.

                  c.       200 shares for each trailer sold between 600 and 900
                           during Year 3 and 300 for each trailer sold in excess
                           of 1200 during Year 3; and in no case less than
                           30,000 shares.

                  d.       200 shares for each trailer sold between 900 and 1200
                           during Year 4 and 300 for each trailer sold in excess
                           of 1200 during Year 4; and in no case less than
                           40,000 shares.

                           1)       200 shares for each trailer sold between 900
                                    and 1200 during year prior to conversion and
                                    300 for each trailer sold in excess of 1200
                                    during the year prior to conversion; and in
                                    no case less than 40,000 shares.

         For the purpose of calculating the conversion ratio Year 1 is the
calendar year 2001. Year 2 is the calendar year 2002. Year 3 is the calendar
year 2003. Year 4 is the calendar year 2004. Year 5 is the calendar year 2005.

                                       8
<PAGE>

                                    AGREEMENT

         WHEREAS, the parties have entered into a Shareholders Agreement dated
February 21, 2001 ("Shareholders Agreement");

         WHEREAS, the Shareholders Agreement grants an ownership interest and
certain other rights to Mario Conzuelo ("Conzuelo") in a Mexican subsidiary of
CapSource Financial, Inc. (designated as "Transco" in the Shareholders Agreement
but incorporated in Mexico as Remolques y Sistermas Aliados de Transportes, S.A.
de C.V., dba RESALTA, "RESALTA");

         WHEREAS, the parties now desire to modify the Shareholders Agreement;

         NOW THEREFORE, with the intention be modify the Shareholders Agreement
and with the further intention to be legally bound agree as follows:

         17. Conversion of RESALTA Ownership Interest. Notwithstanding any
provision in the Shareholders Agreement to the contrary, Conzuelo hereby agrees
to transfer his entire ownership interest ("Ownership Interest") in RESALTA to
CapSource as of April 1, 2002.

         18. Compensation to Conzuelo. Notwithstanding any provision in the
Shareholders Agreement to the contrary, in exchange for the transfer of the
Ownership Interest to CapSource, CapSource will issue to Conzuelo Ten Thousand
(10,000) shares of fully paid, non-assessable shares of CapSource Financial,
Inc. common stock ("Conversion Shares").

         19. Representation on RESALTA Board of Directors. CapSource agrees that
for not less than one year from the date of this agreement that it will vote its
shares in RESALTA such that Conzuelo is elected a member of the Board of
Directors of RESALTA. The parties further agree that Conzuelo may resign form
the RESALTA Board of Directors at any time and such resignation will not effect
the compensation provided to Conzuelo in paragraph 2 above.

         20. Restricted Shares. Conzuelo acknowledges and agrees that the
Conversion Shares are "restricted securities" under applicable U.S. federal
securities laws and that the Securities Act of 1933 and the rules of the U.S.
Securities and Exchange Commission (the "Commission") provide in substance that
holders may dispose of restricted securities only pursuant to an effective
registration statement under the Securities Act of 1933 or an exemption
therefrom. CapSource has no obligation or current intention to register any of
the Conversion Shares. Accordingly, under the Commission's rules, Conzuelo may
dispose of the Conversion Shares only in "private placements" which are exempt
from registration under the Securities Act, in which event the transferee will
acquire "restricted securities" subject to the same limitations as in the hands
of Conzuelo. Further, Conzuelo acknowledges and agrees that the certificate
representing the Conversion Shares will contain a ledged setting forth the above
restrictions.

         21. Shareholders Agreement. Upon acceptance of this Agreement, the
Shareholders Agreement shall become null and void and neither party shall have
any further rights thereunder whatsoever.

         22. Further Assurances. Each party agrees that they will execute such
documents and provide such cooperation, either in the U.S. or Mexico, to
effectuate the intent of this Agreement.

         23. Applicable Law. All the provisions of this Agreement shall be
construed under the laws of Minnesota (without reference to any conflicts of law
principles). To the extent permitted by governing law, this Agreement shall
constitute a waiver by each party of all rights under the laws of the United
Mexican States which are inconsistent with the provisions of this Agreement.

                                       9
<PAGE>

         24. Consent to Jurisdiction. The parties hereby submit to the exclusive
jurisdiction of the courts of general jurisdiction of the State of Minnesota and
the federal courts of the United States of America, located in the District of
Minnesota, solely in respect of the interpretation and enforcement of the
provisions of this Agreement and any other agreement, instrument or other
document entered into in connection herewith and hereby waives, and agrees not
to assert, as a defense in any action, suit or proceeding for the interpretation
or enforcement of this Agreement or any such other agreement, instrument or
other document, that it is not subject thereto or that such action, suit or
proceeding may not be brought or is not maintainable in such courts or that this
Agreement or any such other agreement, instrument or other document may not be
enforced in or by such courts or that its property is exempt or immune from
execution, that the suit, action or proceeding is brought in an inconvenient
forum, or that the venue of the suit, action or proceeding is improper. Service
of process with respect thereto may be made upon a party by mailing a copy
thereof by registered or certified mail, postage prepaid, to such party at its
address as provided in this Agreement, provided that service of process may be
accomplished in any other manner permitted by applicable law.

         25. Entire Agreement. This Agreement constitutes the entire agreement
of the parties hereto with respect to the matters set forth herein and
supersedes any prior understanding or agreement, oral or written, with respect
thereto.

         26. Agreement in Counterparts. This Agreement may be executed in
several counterparts and all so executed shall constitute one Agreement, binding
on all the parties hereto, notwithstanding that all the parties are not
signatories to the original or the same counterpart.

         27. Third-party Beneficiary. The provisions of this Agreement are
intended to be for the benefit of the Conzuelo and CapSource only and shall not
confer any right or claim upon, or otherwise inure to the benefit of, any
creditor of, or other third party having dealings with RESALTA or CapSource.

         IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement, or a counterpart thereof, as of the _____ day of April, 2002.

                                        MARIO CONZUELO:

                                        ------------------------------------

                                        CAPSOURCE FINANCIAL, INC.:

                                        ------------------------------------
                                        Fred Boethling
                                        President

                                       10Exhibit 4.3

                            STOCK PURCHASE AGREEMENT

         Stock Purchase Agreement ("Agreement") entered into as of the 27th day
of August, 2001, between Hecla Mining Company, a Delaware corporation
("Company"), Copper Mountain Trust ("Trustee") for the Hecla Mining Company
Retirement Plan and Lucky Friday Pension Plan ("Purchaser" or "Trustee").

         The Company agrees to sell and the Purchaser agree to purchase
5,749,883 shares of common stock, $0.25 par value, of the Company ("Shares") at
a purchase price of $0.95 per Share. The Purchaser shall purchase 4,610,174
shares on behalf of the Hecla Mining Company Retirement Plan and shall purchase
1,139,709 shares on behalf of the Lucky Friday Pension Plan.

         The closing of the sale of the Shares to the Purchaser shall take place
at 10:00 a.m. on August 28, 2001, at the executive office of the Company, at
which time the Company shall deliver to the Purchaser certificates representing
their respective Shares registered in the names of the Purchaser, and the
Purchaser shall cause the purchase price of the Shares to be purchased by each
to be wire transferred to an account specified by the Company.

         The Purchaser has been instructed by Consulting Fiduciaries, Inc., the
independent fiduciary to the Trustee to enter into this Agreement on behalf of
the Plans.

         The Company represents and warrants to the Purchaser that (i) the
Company has the power, and has been authorized, to enter into this Agreement and
to effect the transactions contemplated by it, and this Agreement has been duly
executed on behalf of the Company and is binding and enforceable on it, and (ii)
the Shares when delivered and paid for will be validly issued, fully paid and
non-assessable and listed (subject to notice of issuance) on the New York Stock
Exchange.

<PAGE>

         The Purchaser represents and warrants to the Company that it has the
power, and has been duly authorized, to enter into this Agreement and effect the
transactions contemplated by it, and this Agreement has been duly executed on
behalf of such Purchaser and is binding and enforceable on it.

         The Purchaser represents and warrants to the Company that it is an
accredited investor as defined in Regulation D promulgated under the Securities
Act of 1933 ("Securities Act") and that it understands that the Shares have not
been registered under the Securities Act and may not be resold by the Purchaser
without registration under the Securities Act or an exemption therefrom.
Certificates for the Shares will bear the following legend:

                  The shares of common stock of Hecla Mining Company represented
                  by this certificate have been issued pursuant to an exemption
                  from registration under the Securities Act of 1933 and may not
                  be resold without registration thereunder or an exemption
                  therefrom. The issuer may require an opinion of counsel
                  reasonably satisfactory to it to the effect that such an
                  exemption is available before permitting transfer of such
                  shares.

         The following Sections 1 through 5 shall apply if the Purchaser desires
to sell Shares at a time and in a fashion that registration or an exemption from
registration under the Securities Act is not available for the sale. The
independent fiduciary or investment manager appointed by the Company will be
responsible for directing the Trustee to exercise the Purchaser's rights under
Sections 1 through 5, including the number of Shares to be registered for the
Purchaser.

         1. Registration of Shares on Request.

         (a) Upon the written request of the Purchaser covering at least
1,000,000 Shares which are not registered or otherwise eligible for sale under
Rule 144 or some other exemption under the Securities Act within the succeeding
90 days, the Company shall prepare and file with the Securities and Exchange
Commission (the "Commission") a registration statement under the Securities Act,
on such form and in such manner as the Company may deem appropriate for the sale

                                       2
<PAGE>

or other disposition of such number of the Shares as shall be specified in such
written request and use its reasonable best efforts to cause such registration
statement to become effective as soon as practicable after such registration
statement is filed; provided, however, that the Company shall not be obligated
to effect any such registration pursuant to this Section 1(a) at any time prior
to January 1, 2002. In connection therewith, the Company will prepare and file
with the Commission such amendments and supplements to such registration
statement and the prospectus or prospectuses used in connection therewith as it
deems necessary to keep such registration statement effective for a reasonable
period from the effective date thereof (but not more than 45 days from the
effective date thereof) so as to permit the offering and sale by the Purchaser
in accordance with the intended method or methods of distribution described in
the registration statement, subject to earlier termination in the event all the
shares are sold thereunder or as otherwise terminated or delayed pursuant to
this Agreement.

         (b) The Company shall be entitled to postpone the filing of any
registration statement pursuant to this Section 1 otherwise required to be
prepared and filed by it (i) if the Company is currently engaged in a
self-tender or exchange offer and the filing of a registration statement would
cause a violation of the Securities Exchange Act of 1934, (ii) if the Chief
Executive Officer of the Company certifies to the Purchaser that the Company is
engaged in, or plans to engage within 60 days in, a registered public offering
(including a registration statement on Form S-4 or the then substantial
equivalent thereof); or (iii) such other circumstances exist as shall, in the
reasonable judgment of the Company's Board of Directors, make a public offering
of the Company's securities impracticable (provided that the Company may
postpone the filing of a registration statement pursuant to this subparagraph
(iii) not more than once in any 12-month period and for a period not to exceed
90 days). In the event of such postponement, the Company shall be required, upon

                                       3
<PAGE>

the request of the Purchaser, to file the registration statement pursuant to
this Section 1 as soon as practicable after the termination or consummation of
any of the events set forth in (i), (ii) and (iii) above. The Company shall
select the underwriter or underwriters to be used in connection with any public
offering of securities registered pursuant to this Section 1.

         (c) The Company shall not be obligated to file more than two
registration statements in response to a request from the Purchaser delivered
pursuant to this Section 1. The filing of a registration statement relating to
the Shares in response to such a request of the Purchaser shall not count
against such limitation in the event the Purchaser is precluded from completing
the sale of the Shares contemplated by such registration statement due to a
failure by the Company to perform any obligation in the related underwriting
agreement or due to a material change in the Company's business.

         2. Piggy-Back Registration. If at any time subsequent to December 31,
2001 and prior to December 31, 2003, the Company proposes to register any of its
equity securities (other than pursuant to Section 1 or for securities issued
with respect to any acquisition or any employee stock option, stock purchase, or
similar plan or any other securities to be registered pursuant to a special
purpose registration) under the Securities Act on Form S-1, Form S-2, Form S-3
or any other form of general application for sale of securities to the public in
an underwritten offering upon which may be registered securities similar to the
Shares, it will each such time at least 30 days prior to the anticipated filing
date of such proposed registration statement give written notice to the
Purchaser of its intention so to do and, upon the written request of the
Purchaser made within 10 days after the receipt of any such notice, the Company
will use its reasonable best efforts to effect the registration under the
Securities Act of the Shares which the Company has been so requested to
register; provided, however, that in connection with a registration described in

                                       4
<PAGE>

this Section 2 in which the securities being registered are intended to be sold
in an underwritten public offering, if in the opinion of the managing
underwriter or underwriters marketing considerations require the reduction of
the number of shares of Common Stock covered by any such registration, the
number of Shares to be registered on behalf of the Purchaser and the number of
shares of Company common stock to be registered on behalf of any other selling
stockholders shall be reduced (to zero if necessary) pro rata, according to the
aggregate number of shares of Company common stock requested to be registered by
the Purchaser and any other selling stockholders participating in such
registration.

         3. Registration Procedures. If and when the Company is required to
effect the registration of any of the Shares under the Securities Act as
provided in this Agreement:

         (a) The Company shall furnish to the Purchaser and to the managing
underwriters with respect to the underwriting related thereto such number of
copies of each preliminary prospectus and final prospectus and supplement
thereto as may be reasonably necessary in order to effect the sale of the Shares
to be offered and sold.

         (b) The Company shall promptly notify the Purchaser in the event any
prospectus then in use contains any untrue statement of a material fact or any
omission of a material fact necessary to make the statements therein, in light
of the circumstances in which they were made not misleading, and, upon receipt
of such notice, the Purchaser shall not offer or sell any securities covered by
such prospectus and shall return all copies of such prospectus to the Company if
requested to do so by the Company, and, at the request of the Purchaser, the
Company shall promptly prepare and furnish to the Purchaser a reasonable number
of copies of a supplement to such prospectus so that, as supplemented, the
prospectus no longer contains any untrue statement of a material fact or any
omission of a material fact necessary to make the statements therein, in light
of the circumstances in which they were made, not misleading.

                                       5
<PAGE>

         (c) The Company shall use its reasonable best efforts to qualify any
offering of the Shares under any applicable Blue Sky or other securities laws of
such states as may be reasonably specified by the Purchaser or the managing
underwriter with respect to such offering; provided, however, that the Company
shall not be obligated to qualify as a foreign corporation to do business under
the laws of any jurisdiction in which it is not then qualified or to subject
itself to taxation in any such jurisdiction or to file any general consent to
service of process.

         (d) The Company shall afford the Purchaser and their legal
representatives the opportunity to make such reasonable examination and inquiry
into the financial condition and business of the Company as the Purchaser may
reasonably deem necessary or prudent in connection with the preparation of the
registration statement or any other materials to be used in connection with an
offering, sale, or distribution by the Purchaser.

         (e) Upon exercising registration rights in accordance with Section 1 or
Section 2, as the case may be, the Purchaser shall provide the Company with all
information regarding the Purchaser as the Company may from time to time
reasonably request in connection with the preparation of the registration
statement.

         (f) The Purchaser shall bear all underwriting fees, discounts and
commissions attributable to the Shares which are sold by them pursuant to such
registration. The Company will otherwise pay all costs and expenses in
connection with any registration and filing fees, all printing expenses, and all
Blue Sky fees and expenses (including fees and expenses of its counsel in
connection with Blue Sky surveys).

                                       6
<PAGE>

         4. Indemnification. In the event of any registration of any of the
Shares of the Purchaser under the Securities Act pursuant to this Agreement, the
Company will indemnify and hold harmless the Purchaser and its directors and
officers and each underwriter of such securities and each other person, if any,
who controls the Purchaser or each such underwriter within the meaning of the
Securities Act, against any losses, claims, damages or liabilities, joint or
several, to which the Purchaser or its directors or officers or each such
underwriter or controlling person may become subject under the Securities Act or
otherwise, insofar as such losses, claims, damages or liabilities (or actions or
proceedings in respect thereof) arise out of or are based upon (i) any untrue
statement or alleged untrue statement of any material fact contained in any
registration statement under which the Shares were registered under the
Securities Act, any preliminary prospectus or final prospectus contained
therein, or any amendment or supplement thereto, or (ii) any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein (in the case of a prospectus, in light
of the circumstances under which they were made) not misleading; and the Company
will reimburse the Purchaser, each such director and officer, each such
underwriter and each such controlling person for any legal or any other expenses
reasonably incurred by them in connection with investigating or defending any
such loss, claim, damage, liability, action or proceeding; provided, however,
that the Company shall not be liable in any such case to the extent that any
such loss, claim, damage or liability arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission made in
such registration statement, any such preliminary prospectus, final prospectus,
amendment or supplement in reliance upon and in conformity with written
information furnished to the Company through an instrument duly executed by the
Purchaser or controlling person specifically for use in the preparation thereof.
Such indemnity shall remain in full force and effect irrespective of any
investigation by any person indemnified above.

                                       7
<PAGE>

         The Company may require, as a condition to including any of the Shares
in any registration statement filed pursuant to Section 1 or 2 hereof, that the
Company shall have received an undertaking satisfactory to it from the Purchaser
to indemnify and hold harmless the Company, each director of the Company, each
officer of the Company who shall sign such registration statement and any person
who controls the Company within the meaning of the Securities Act, with respect
to losses, claims, damages or liabilities arising from any statement in or
omission from such registration statement, any preliminary prospectus or final
prospectus contained therein, or any amendment or supplement thereto, if such
statement or omission was made in reliance upon and in conformity with written
information furnished to the Company through an instrument duly executed by the
Purchaser specifically for use in the preparation of such registration
statement, preliminary prospectus, final prospectus, amendment or supplement.

         Promptly after receipt by an indemnified party of notice of the
commencement of any action involving a claim referred to in the preceding
paragraphs of this Section 4, such indemnified party shall, if a claim in
respect thereof is to be made against an indemnifying party, give written notice
to the latter of the commencement of such action; provided, however, that the
failure of any indemnified party to give notice as provided herein shall not
relieve the indemnifying party of its obligations under the preceding paragraphs
of this Section 4, except to the extent that the indemnifying party is actually
prejudiced by such failure to give notice. In case any such action is brought
against an indemnified party, the indemnifying party shall be entitled to
participate in and to assume the defense thereof, jointly with any other
indemnifying party similarly notified to the extent that it may wish, with
counsel reasonably satisfactory to such indemnified party, and after notice from

                                       8
<PAGE>

the indemnifying party to such indemnified party of its election so to assume
the defense thereof, the indemnifying party shall not be liable to such
indemnified party for any legal or other expense subsequently incurred by the
latter in connection with the defense thereof. No indemnifying party, in the
defense of any such claim or litigation, shall, except with the consent of each
indemnified party, consent to entry of any judgment or enter into any settlement
which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such indemnified party of a release from all liability
in respect to such claim or litigation.

         5. Holdback Agreement. So long as the Purchaser is the holder of Shares
representing no less than 1% of the outstanding common stock of the Company, if
the Company initiates a registration of the Company's securities in which the
securities being registered are intended to be sold in an underwritten public
offering, the Purchaser agrees, upon request of the underwriters managing such
underwritten public offering, not to sell, make any short sale of, loan, grant
any option for the purchase of or otherwise dispose of any of the Shares (other
than those included in the registration) without the prior written consent of
such managing underwriters for such period of time from the effective date of
such registration as may be requested by such managing underwriters.

         6. Successors and Assigns. All covenants and agreements contained in
this Agreement by or on behalf of either of the parties hereto will bind and
inure to the benefit of the respective successors and assigns of the parties,
whether so expressed or not.

         7. Changes in Shares. If the Shares are changed by stock split, reverse
stock split, merger, consolidation or recapitalization, references to Shares
herein shall be deemed to refer to the securities received for each Share so
affected.

                                       9
<PAGE>

         8. Notices. Any notices required or permitted to be sent hereunder
shall be delivered personally or mailed, certified mail, return receipt
requested, or delivered by electronic facsimile or overnight courier service to
the following addresses, or such other address as any party hereto designates by
written notice to the other, and shall be deemed to have been give upon
delivery, if delivered personally or by electronic facsimile, three days after
mailing, if mailed, or one business day after delivery to the courier, if
delivered by overnight courier service:

If to the Company, to:              Hecla Mining Company
                                    6500 Mineral Drive
                                    Coeur d'Alene, Idaho 83815-8780
                                    Phone:  (208) 769-4100
                                    Fax:    (208) 769-4159
                                    Attn:   Michael B. White
                                            General Counsel

If to the Purchaser, to:            Copper Mountain Trust, Trustee
                                    601 SW Second Avenue, Suite 1800
                                    Portland, Oregon 97204
                                    Phone:  (503) 295-3600
                                    Fax:    (503) 229-0561
                                    Attn:   T.R. West
                                            Vice President

Copy to:                            Consulting Fiduciaries, Inc.
                                    400 Skokie Boulevard
                                    Northbrook, Illinois 60062
                                    Phone:  (847) 559-9838
                                    Fax:    (847) 559-9840
                                    Attn:   David L. Heald
                                            Principal

         9. Governing Law. This Agreement shall be governed by the internal laws
of the State of Delaware without regard to principles of conflicts of law.

         10. Execution in Counterparts. This Agreement may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, and such counterparts together shall constitute one
instrument.

                                       10
<PAGE>

         11. Consent to Jurisdiction; Waiver of Trial by Jury. The parties
hereto hereby irrevocably agree that any suit, action, proceeding or claim
relating to this Agreement may be brought only in the state or federal courts in
the State of Delaware. Each party irrevocably waives any objection to the venue
or jurisdiction of any proceeding brought in such courts, and any claim that
such proceeding has been brought in an inconvenient forum. Each party waives its
right to trial by jury, and agrees that service of process may be made in any
manner specified in Section 8 above.

         The parties hereto have executed this Agreement as of the date first
set forth above.

                                HECLA MINING COMPANY

                                By:
                                   ---------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:
                                         ---------------------------------------

                                By: COPPER MOUNTAIN TRUST, TRUSTEE
                                    For the Hecla Mining Company Retirement Plan

                                    By:
                                       -----------------------------------------
                                       Name:
                                            ------------------------------------
                                       Title:
                                             -----------------------------------

                                By: COPPER MOUNTAIN TRUST, TRUSTEE
                                    For the Lucky Friday Pension Plan

                                    By:
                                       -----------------------------------------
                                       Name:
                                            ------------------------------------
                                       Title:
                                             -----------------------------------

                                       11

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