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Exhibit 10.1    
    

EXPLORATION
AND EXPLOITATION AGREEMENT EXECUTED ON THE ONE PART BY JOSE PEREZ REYNOSO (HEREINAFTER CALLED "THE CONCESSIONAIRE") AND, ON THE OTHER PART BY DON DAVID GOLD, S.A. DE C.V. (HEREINAFTER
CALLED "THE COMPANY"), REPRESENTED BY MR. VICTOR GARCIA JIMENEZ, IN ACCORDANCE WITH THE FOLLOWING STATEMENTS AND CLAUSES 

STATEMENTS  

	I.
	THE
CONCESSIONAIRE states: 

        a)    To
be Mexican citizen, of legal age, single and to be legally qualified to be owner of mining concessions and to execute this agreement; 

        c)     That
he is the legal owner of the rights derived from the following mining concessions existing over the following lots ("THE LOTS") 

	NAME OF THE LOT
 
	 	TITLE No.
	 	HS.
	 	TYPE OF CONCESSION

	LA TEHUANA	 	210029	 	925	 	Exploration
	

EL AGUILA	
 	

206772	
 	

899.6	
 	

Exploration
	

EL AIRE	
 	

158272	
 	

72	
 	

Exploitation

        THE
LOTS are located in the Municipality of San Pedro Totolapam, State of Oaxaca, within the circumscription of the Mining Agency of Oaxaca, Oaxaca. 

        d)    That
as owner of the rights derived from the mining concessions existing over THE LOTS, up to date, he have fulfilled with all the obligations imposed upon him by the
Mining Law, its Regulations and all other applicable legal dispositions, specially as to the filing of assessment works reports and the payment of taxes on mining concessions; 

        e)    That
the rights derived from the mining concessions existing over THE LOTS are free and clear from any lien, encumberance or limitation of dominion; and 

        f)     That
he is willing to enter into this agreement to grant THE COMPANY the right to explore and; in its case, exploit THE LOTS, in accordance with the terms and conditions
stipulated in this agreement. 

	II.
	THE
COMPANY states: 

        a)    To
be a mining corporation legally incorporated according to the laws of the Mexican Republic, legally qualified to execute agreements and to be owner of mining
concessions; 

        b)    That
its attorney Mr. Victor Garcia-Jimenez is dully empowered to represent it and to execute this agreement; and 

        c)     That
it is willing to be granted with the right to explore and, in its case, exploit THE LOTS, on the terms and conditions stipulated in this agreement. 

        In
accordance with the former statements, the parties grant the following 

CLAUSES  

        FIRST. Right to explore and exploit THE LOTS.    THE CONCESSIONAIRE hereby grant THE COMPANY the
exclusive right to explore an exploit THE LOTS during the all the term there will exist a mining concession over the claims, being entitled THE COMPANY to execute during said term all exploration and
exploitation works it may deem necessary, convenient or advisable and will be permitted according to the existing mining concessions. 

 

        THE
COMPANY may assign or sublease its interest in this Agreement or enter into joint operating agreements with any other person or entity without the need of the consent of THE
CONCESSIONAIRE, provided, such an assignment, sublease or joint operating agreement shall provide such parties to be bound by all the terms and conditions of this Agreement. 

        SECOND. Right to terminate this agreement in advance.    The term of this agreement will be compulsory
for THE CONCESSIONAIRE and optional for THE COMPANY, who consequently will be able to terminate it at any moment by means of a simple written notice to be sent to THE CONCESSIONAIRE to inform them the
date of termination. 

        Nevertheless,
THE CONCESSIONAIRE will have also the right to terminate this agreement at any moment, in accordance with provisions of Clauses Nineth and Tenth, in case THE COMPANY does
not fulfill with the obligations it undertakes in this agreement. 

        Upon
such termination by THE COMPANY, any remaining obligation to pay Advance Minimum Royalty or Production Royalty due after the date of termination shall also terminate. 

        THIRD. Advance Minimum Royalty Payments.    As retribution for the granting of this Exploration and
Exploitation Agreement and, in its case, as advance minimum royalty ("Advance Minimum Royalty") on the dates hereinbelow mentioned, for so long as this Agreement remains in effect and there will not
be production or it will not be sufficient to pay royalties, THE COMPANY will pay THE CONCESSIONAIRE the following amounts in dollars of the United States of America or its equivalent in national
currency, plus the 15% Aggregate Value tax (IVA): 

	a)	 	At the execution of this agreement by THE CONCESSIONAIRE	 	US$	5,000
	b)	 	Three months after the execution of the agreement	 	US$	5,000
	c)	 	Twelve months after the execution of the agreement	 	US$	25,000
	d)	 	Twenty four months after the execution of the agreement	 	US$	50,000
	e)	 	Thirty six months after the execution of the agreement	 	US$	75,000
	f)	 	Forty eight months after the execution of the agreement	 	US$	100,000
	 	 	 	 	

	 	 	Total:	 	US$	260,000

        Once
the above-mentioned amounts have been paid THE COMPANY's obligation to make the Advance Minimum Royalty payments will terminate. All of said Advance Minimum Royalty payments shall
be deemed a prepayment of Production Royalty payable under the following Clause Fourth, and from and after the Production Date, THE COMPANY may recover all sums paid to THE CONCESSIONAIRE as Advance
Minimum Royalty, by crediting and applying said Advance Minimum Royalty against and in reduction of the Production Royalty payments accruing and becoming due at any time hereafter, until by such
application all Advance Minimum Royalty previously paid by THE COMPANY has been exhausted. If within the term of fortyh-eight months to which this Clause refers production starts and it is not
be sufficient to pay the "Production Royalty", THE COMPANY shall pay to THE CONCESSIONAIRE the Advance Minimum Royalty to which this clause refers. 

        FOURTH. Royalties.    THE COMPANY shall pay THE CONCESSIONAIRE a net smelter return royalty (hereinafter
"Production Royalty") on net smelter returns or invoices for first hand sales of minerals paid to THE COMPANY from minerals, ore or other valuable products obtained and sold from THE LOTS. Production
Royalty shall be calculated as follow: 

        a)    In
case of use of smelting services by THE COMPANY: A Production Royalty of five percent (5%) of the net smelter returns from all substances obtained and sold from THE
LOTS. 

        b)    In
the case of sale of dore bullion or other sales of substances obtained and sold from THE LOTS by THE COMPANY: A Production Royalty of four percent 4% of the actual
sales price of all minerals, ore or valuable products as shown on the purchaser's settlement sheet, after first deducting 

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all
treatment charges, penalties and all other costs and deductions from the net sales price of the product shown on the smelter settlement sheet or other bona fidae document for each separate sale
thereof and after deducting the actual cost of transportation of the above mentioned substances to the smelter or other bona fidae document for each separate sale of the above mentioned substances. 

        The
Production Royalty to be paid to THE CONCESSIONAIRE hereunder shall be paid after first deducting and exhausting all Advance Minimum Royalty payments provided under Clause THIRD
above. 

        THE
COMPANY, shall make the payment of Production Royalty to THE CONCESSIONAIRE by wire transfer to a bank account against receipt of the corresponding invoice or invoices (IVA added and
mentioned separately), on a monthly basis within thirty (30) days after the end of each month during which THE COMPANY receives final payments for the sale of minerals, ore or other valuable
products. 

        FIFTH. Commingling.    THE COMPANY shall have the right to commingle minerals, ore or other valuable
products obtained from THE LOTS with ores, concentrates or other products produced from other properties provided that prior to such commingling, THE COMPANY shall adopt and employ reasonable
practices and procedures for weighing, determination of moisture content, sampling and assaying, as well as utilizing reasonable accurate recovery factors in order to determine the amounts of products
derived from, or attributed to minerals, ores, or other valuable products obtained from THE LOTS, THE COMPANY shall maintain accounts and records of the results of such sampling, weighing and analysis
as pertaining to ore mined, concentrates or other products obtained from THE LOTS, and shall notify THE CONCESSIONAIRE at any time that such commingling is taking place, and shall provide to THE
CONCESSIONAIRE on request complete copies of all the records maintained as required hereby, and an accounting of the results thereof. 

        SIXTH. Fees, Duties, Taxes and Expenses.    All fees, duties, taxes and expenses incurred on the
granting and execution of this agreement will be paid by THE COMPANY, except for those taxes imposed on the income obtained by THE CONCESSIONAIRE, which will be paid by him. Consequently, THE
CONCESSIONAIRE will have to issue invoices to THE COMPANY, including the IVA but mentioned separately from the amount of the Production Royalty to be received by him. 

        SEVENTH. Labor responsibility.    Since it will not exist any labor relation between the workers and
contractors of each party and the other party, each party expressly agrees that with respect to its workers and contractors, it or its contractors, as to their workers, will assume all labor
responsibility and therefore, it compromise with the other party to maintain it free and clear from any reclamation, claim, accusation or complaint which may be filed against the first party by its
workers or employees, or those of its contractors, or by the labor or administrative authorities. 

        EIGHTH. Additional obligations of THE CONCESSIONAIRE.    In addition to the obligations assumed by THE
CONCESSIONAIRE at the preceding clauses, during all the term this agreement will be in force, he will have also the following: 

        a)    Maintain
valid and in force the rights derived from the mining concessions existing over THE LOTS and, likewise, to maintain them free and clear from any lien,
encumberance or limitation of dominion. Committing herself, specially, to make that the Direction of Mines recognize his title to the mining concessions existing over THE LOTS and to register it at
the Public Registry of Mining; 

        b)    Not
to transfer the rights derived from the mining concessions existing over THE LOTS, without the previous authorization of THE COMPANY and in case he will be willing to
transfer the rights to grant preferential right to THE COMPANY to acquire them in the same terms and conditions that any third party; 

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        c)     Maintain
THE COMPANY free and clear from any claim or responsibility that may be addressed against it due to acts directly imputable to THE CONCESSIONAIRE or which will
be of their exclusive responsibility. Committing herself to indemnify and pay THE COMPANY for all losses and damages it may suffer in case it will be deprived of the right to explore and exploit THE
LOTS granted in this Agreement; and 

        d)    In
case this Agreement will be terminated, to grant THE COMPANY a term of ninety (90) days to take away all its equipment and machinery from THE LOTS. 

        NINETH. Additional obligations of THE COMPANY.    In addition to the obligations assumed by THE COMPANY
at the preceding clauses, during all the term this agreement will be in force, it also will have the following: 

        a)    To
carry out the exploration and exploitation at THE LOTS in the best possible manner, according to the most appropriate and rational mining practices and in accordance
with all legal dispositions, executing enough exploration works in order to fulfil with the provisions of the Mining Law and its Regulations and not to stop the exploration and exploitation works
without a justified cause; 

        b)    To
undertake and fulfil with the obligations to prepare and file the exploration assessment works and to pay the duties on mining concessions; 

        c)     To
permit THE CONCESSIONAIRE or his representatives to inspect the works that will be carried out in THE LOTS, on the dates and hours mutually agreed not to
interfere with the activities that would be being carried out and for safety reasons. Likewise, it will permit THE CONCESSIONAIRE o his representatives, the access to all information related to said
works, specially, when existing, to metallurgical balances on the production obtained in THE LOTS; 

        d)    To
undertake and fulfil with the obligations of Police and Security of the mine works and those of environmental control; and 

        e)    To
maintain THE LOTS in good shape as to their exploration and exploitation conditions. 

        If
at any moment during the term of this agreement THE COMPANY would not fulfil with the obligations assumed by it and specially with those mentioned in this Clause, THE CONCESSIONAIRE
will have the right to terminate this agreement under the terms of Clause Tenth hereinbelow, independently of their right to ask an indemnification for damages. 

        TENTH. Unfulfilment.    The unfulfilment of any of the parties with the obligations they assume in this
agreement, will grant the other party the right to ask the immediate fulfillment of the non fulfilled obligations. For said purpose, it will have to ask by written to the party in default to fulfil
said obligations and if after a ninety days period from the date of delivering said petition, the unfulfilment still exist and no reasonable effort to remedy it has been made, then the affected party
will have the right, at its option, to ask in court the fulfillment of the unfulfilled obligations or to terminate this agreement, being entitled in both cases to ask for indemnification for damages. 

        ELEVENTH. Force majeur.    It will not be considered that the parties have incurred in unfulfilment when
due to force majeur they will be unable to fulfil with the obligations they assume under this agreement. 

        It
will be considered as force majeur, in an enunciative but not in a limitative way: earthquakes, fires, floods, collapses, riots, rebellions, wars, strikes, revolutions, acts of
authority and, in general, any other fact or act totally out of the will of the parties and of their control and which prevent them to fulfil, totally or partially, with their obligations. 

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        When
any of the parties will be affected by force majeur and therefore unable to fulfil with its obligations, it shall notify so to the other party, informing about the estimated time
said force majeur will prevent said party to fulfil with its obligations. 

        If
after twelve months from the date in which such force majeur have occurred it prevails, then the other party will have the right to terminate this agreement. 

        TWELVETH. Total agreement of the parties.    This agreement reflects the total agreement between the
parties with respect to its purpose, therefore, it cancels and left without effects any other agreements, contracts or letters of intent, executed previously between them with respect to the same
purpose. 

        This
agreement will obligate under its terms and conditions to the heirs, assignees or beneficiaries of the parties. 

        The
parties agree to ratify this agreement before a Notary Public and to register it with the Public Registry of Mining in accordance with the provisions of the Mining Law and its
Regulations. 

        THIRTEENTH. Notices and notifications.    All notices and notifications to be made between the parties
in accordance with this agreement, shall be made, by one part to the other, either verbally or written, being understood that when it be desired that a notice or notification be on record, it shall be
made before a Notary Public. 

        For
the purposes of this agreement the parties herby set the following addresses: 

	THE CONCESSIONAIRE	 	THE COMPANY

DON DAVID GOLD, S.A. DE C.V.
	

Mr. Jose Perez Reynoso

Cerro del Chiquihuite No. 22

Col. Campestre Churubusco

Mexico, D.F. C.P. 04200	
 	

San Francisco No. 656—601

Col. Del Valle, C.P. 03100

Mexico, D.F.
	

Tel: (55) 55 49 63 90	
 	

Tel/Fax: (5) 536-2028
	

 	
 	

Atn: Mr. Victor Garcia Jiminez

        Any
change in the above mentioned addresses shall be notified by one part to the other when it occurs. 

        FOURTEENTH. Applicable Laws and Courts.    For every thing not expressly stipulated in this agreement
the parties submit themselves to the applicable laws in Mexico, Federal District, specially to those of the Mining Law, its Regulations, the Federal Duties Law, the Commerce Code and the Civil Code
for the Federal District, and they agree to also to submit to the jurisdiction of the competent courts in Mexico City, Federal District, waiving to the jurisdiction of any other courts to which they
may be entitled by reason of their present or future domiciles. 

        This
agreement is signed by quadruplicate the 14th day of October, 2002. 

	THE CONCESSIONAIRE	 	THE COMPANY

DON DAVID GOLD, S.A. DE C.V.
	

/s/ Jose Perez Reynoso	
 	

/s/ Victor Garcia-Jimenez
	Mr. Jose Perez Reynoso	 	Per: Victor Garcia Jimenez

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Exhibit 10.8  

 
 

EXECUTIVE
  EMPLOYMENT AGREEMENT    
    

        This Employment Agreement ("Agreement") is effective as of January 1, 2006 between Gold Resource Corporation, a Colorado corporation (the "Company"), and
                        (the "Executive") (collectively, the "Parties"). 

W I T N E S S E T H:  

        WHEREAS, the Company wishes to engage the Executive's services upon the terms and conditions hereinafter set forth; and 

        WHEREAS,
the Executive wishes to be employed by the Company upon the terms and conditions hereinafter set forth. 

        NOW,
THEREFORE, in consideration of the premises and mutual promises set forth below, the sufficiency of which is hereby acknowledged, the Parties agree as follows: 

        1.     Employment; Duties. The Company hereby agrees to employ the Executive effective as of the date first above written (the
"Effective Date") as its President and Chief Executive Officer, and the Executive hereby agrees to serve in such capacity. The Executive's principal area of responsibility shall be to serve as the
chief executive officer of the Company, and discharge the duties incident to that office. In addition, the Executive shall preside at all meetings of shareholders of the Company and all meetings of
the Board of Directors, and negotiate and execute contracts, deeds, and other instruments on behalf of the Company as are necessary and appropriate for the conduct of the business and affairs of the
Company. The Executive shall at all times report to and take direction from the Board of Directors of the Company (the "Board of Directors"), and shall perform such additional duties, not inconsistent
with his position, as shall be designated from time to time by the Company. 

        2.     Best Efforts. The Executive agrees to use his best efforts to promote the interests of the Company and shall, except for
illness, reasonable vacation periods and leaves of absence, devote his full business time and energies to the business and affairs of the Company. The Executive shall be permitted to perform material
outside business endeavors only with the approval of the Board of Directors, provided that such outside activities do not interfere with the performance of the Executive's duties. The Executive may
also engage in work for charitable, benevolent, civic or educational purposes so long as such endeavors do not interfere with the Executive's duties hereunder. 

        3.     Term of Agreement. The term of this Agreement shall commence on the Effective Date and such term and the employment
hereunder shall continue, unless earlier terminated in accordance with the provisions of Section 5, for a period of three years (the "Original Term"). On each anniversary of this
Agreement, the term of the Employee's employment shall be automatically extended one additional year unless, prior to 120 days before such anniversary, the Employer shall have delivered to the
Employee or the Employee shall have delivered to the Employer written notice that the term of the Employee's employment hereunder will not be extended.. The period of employment of the Executive by
the Company, commencing with the Effective Date and continuing until termination of the employment by expiration or notice hereunder, in accordance with Section 5 or otherwise, shall be known
as the "Term of Employment." 

        4.     Compensation.

        4.1   Base Salary. As compensation for the Executive's services rendered hereunder, the Company shall pay to the Executive a
base salary at an annual rate equal to                        
($            ) (the "Base Salary"). The Base Salary shall be payable to the Executive on a monthly basis in accordance with the Company's
standard policies for management personnel. 

 

        4.2   Incentive Compensation. With respect to each calendar year, or portion thereof, beginning with calendar year 2006, the
Executive shall be eligible to receive incentive compensation, including but not limited to, bonuses, stock options and other perquisites provided by the Company to executives with comparable
authority or duties (and in any event, not lesser than those provided to executives with junior authority or duties), payable solely in the discretion of the Board of Directors. 

        4.4   Benefits. The Executive shall be entitled to participate in all benefit programs established by the Company and generally
applicable to the Company's executives, including group health and life insurance and vacation pay. The Executive shall also be reimbursed for reasonable and necessary business expenses incurred in
the course of his employment with the Company pursuant to Company policies established from time to time. Reimbursement shall be made to the extent such expenses are deductible by the Company in
accordance with applicable Internal Revenue Service rules. The Employee shall be entitled to 5 weeks of paid vacation per year and all paid holidays. 

        4.5   Cellular Phone. The Company shall, during the Term of Employment, provide the Executive with and pay for the Executive's
use of a cellular phone for business and reasonable personal use. 

        4.6   Office, Equipment and Assistance. The Company shall provide for the Executive all facilities, equipment and services
suitable to his position and adequate for the performance of his duties. The Executive will be required to perform the services and duties described in Section 1 primarily at the Denver
location of the Company. 

        5.     Termination of Employment Relationship.

        5.1   Death. This Agreement shall terminate immediately upon the death of the Executive., In such event, Employer shall pay
Employee's estate an amount equal to one year's salary, such amount being payable within three months after his death. 

        5.2   Disability. This Agreement shall not terminate upon the temporary disability of the Employee, but the Employer may
terminate this Agreement upon permanent disability of the Employee. In such event, Employer shall pay Employee an amount equal to two years salary, such amount being payable within three months
after such termination, such amount being reduced by any disability insurance thereafter to be received by Employee for which the Employer pays all the premiums and of which Employee is the
beneficiary. The Board of Directors shall make a determination of the Total Disability of the Executive based upon the definition of disability contained in any disability insurance policy owned by
the Company and insuring against the disability of the Executive, and if the Company does not have such a policy, then by reference to any policy owned by the Executive. If no such policy exists,
Total Disability shall be based upon the inability of the Executive to perform the material functions of his job for ninety (120) consecutive days, or one hundred twenty days
(180) during any twelve month period due to sickness or injury. Any such determination by the Board of Directors shall be evidenced by its written opinion delivered to the Executive. Such
written opinion shall specify with particularity the reasons supporting such opinion and be manually signed by at least a majority of the Board of Directors. 

        5.3   Termination by the Company. This Agreement may be terminated by the Company for "Cause" and, in such event, the term of
employment shall terminate at the termination date designated by the Company. For the purpose of this paragraph, "Termination for Cause" or "Cause" shall include the following: 

        (a)   A
finding by a court of breach of fiduciary duty or conviction of criminal conduct by the Executive, in either case after all rights of appeal have expired or such
appeals have been exhausted, having the effect of materially adversely affecting the Company and/or its reputation; 

        (b)   Failure
by the Executive to substantially perform his duties hereunder; 

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        (c)   Engagement
by the Executive in the use of narcotics or alcohol to the extent that the performance of his duties is materially impaired; 

        (d)   Material
breach of the terms of this Agreement by the Executive or failure to substantially comply with proper instructions of the Board of Directors; 

        (e)   Willful
misconduct by the Executive which is materially injurious to the Company, other than business decisions made in good faith; or 

        (f)    Any
act or omission on the part of the Executive not described above, but which constitutes material and willful misfeasance, malfeasance, or gross negligence in the
performance of his duties to the Company. 

        5.4   Termination by the Executive. The Executive may terminate this Agreement for "Good Reason." For purposes of this
paragraph, Good Reason shall mean: 

        (a)   Any
assignment to the Executive of any duties materially inconsistent with the position described in Section 1 hereof; 

        (b)   Any
material diminution of the duties of the Executive then-existing without the written consent of the Executive; 

        (c)   Any
removal of the Executive from, or failure to re-elect the Executive to, the positions described in Section 1 hereof without the Executive's
written consent, except in connection with termination of the Executive pursuant to Section 5.1 or 5.2 hereof; 

        (d)   A
reduction in the Executive's rate of compensation, or a reduction in the Executive's fringe benefits, moving the Company's headquarters from Denver or any other
failure of the Company to comply with Section 4 of this Agreement; 

        (e)   Other
material breach of this Agreement by the Company; or 

        (f)    Following
a "Change in Control," defined below. 

        A
"Change of Control" shall be deemed to have occurred if (i) a tender offer shall be made and consummated for the ownership of 30% or more of the outstanding voting securities of
the Company; (ii) the sale of 35% or more of the outstanding voting securities of the Company in a single transaction or a series of transactions occurring during a period of not more than
twelve months; (iii) the Company shall be merged or consolidated with another corporation and as a result of such merger or consolidation less than 35% of the outstanding securities of
the surviving or resulting corporation shall be owned in the aggregate by the former shareholders of the Company, as the same shall have existed immediately prior to such merger or consolidation; or
(iv) the Company shall sell more than 55% of the fair market value of its assets to another corporation which is not a wholly owned subsidiary. 

        Any
termination by the Board of Directors pursuant to Section 5.2 or by the Executive pursuant to Section 5.3 shall be communicated by written Notice of Termination to the
other Party hereto. Notice of Termination shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 

        The
Executive's obligations under Section 6 regarding confidentiality shall survive any termination of this Agreement by the Executive, by the Company or otherwise. 

        5.4   Payment Upon Termination.

        (a)   If
this Agreement is terminated by the Company for Cause, or the Executive resigns without Good Reason, during the Term of Employment, the Executive shall not be
entitled to severance pay of any kind but shall be entitled to be reimbursed for all reasonable business 

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expenses
incurred by the Executive and shall be paid the Base Salary earned by the Executive prior to the effective date of termination or resignation, and all obligations of the Company under
Section 4 hereof shall terminate upon the designated termination date, except to the extent otherwise required by law. 

        (b)   In
the event that the Executive is terminated without Cause or the Executive resigns with Good Reason, the Company shall pay the Executive twenty-four
(24) months Base Salary at the rate prevailing for the Executive immediately prior to such termination as severance pay, payable in accordance with Company's normal payroll. The Executive shall
also be entitled to receive benefits to which he was entitled immediately preceding the date of termination for a similar 24 month period, including but not limited to health and dental
insurance. Notwithstanding the foregoing, the timing of the payments described in this subsection (b) of section 5.4 may be modified (accelerated if necessary) if, and only if, necessary
to comply with the provisions of Section 409A of the Internal Revenue Code such that the amounts payable to the Executive are paid to him in the year in which such income is required to be
included in his gross income for tax purposes. 

        6.     Confidentiality and Non-Disclosure.

        6.1   Confidential Information. The Executive and the Company recognize that due to the nature of his engagements in this
Agreement, and the relationship of the Executive to the Company, the Executive has had access to and has acquired, will have access to and will acquire, and has assisted in and may assist in
developing, confidential and proprietary information relating to the business and operations of the Company and its affiliates, including trade secrets as defined in the Colorado Uniform Trade Secrets
Act and information with respect to their present and prospective products, services, systems, software, customers, agents, processes, and sales and marketing methods. The Executive acknowledges that
such information has been and will continue to be of central importance to the business of the Company and its affiliates and that disclosure of it to or its use by others could cause substantial loss
to the Company. The Executive will keep confidential any trade secrets or confidential or proprietary information of the Company and its affiliates which are now known to him or which hereafter may
become known to him as a result of his employment or association with the Company and shall not at any time directly or indirectly disclose any such information to any person, firm or corporation, or
use the same in any way other than in connection with the business of the Company or its affiliates during and at all times after the expiration of the Term of Employment. 

        6.2   Remedy. In the event of a breach or threatened breach by the Executive of any of the provisions of this Section 6,
the Company shall be entitled to injunctive relief, restraining the Executive and any business, firm, partnership, individual, corporation, or entity participating in such breach or attempted breach,
from engaging in any activity which would constitute a breach of this Section 6. Nothing herein, however, shall be construed as prohibiting the Company from pursuing any other remedies
available at law or in equity for such breach or threatened breach, including the recovery of damages. The provisions of this Section 6 shall survive the termination of this Agreement and the
termination of the Executive's employment. 

        7.     Miscellaneous.

        7.1   Assignability. The Executive may not assign his rights and obligations under this Agreement without the prior written
consent of the Company, which consent may be withheld for any reason or for no reason. 

        7.2   Severability. In the event that any of the provisions of this Agreement shall be held to be invalid or unenforceable, the
remaining provisions shall nevertheless continue to be valid and enforceable as though the invalid or unenforceable parts had not been included therein. 

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        7.3   Entire Agreement. This Agreement, and any attachments hereto, constitute the entire agreement between the Parties
relating to the subject matter hereof and supersedes all prior agreements or understandings among the Parties hereto with respect to the subject matter hereof. 

        7.4   Amendments. This Agreement shall not be amended or modified except by a writing signed by both Parties hereto. 

        7.5   Waiver. The failure of either Party at any time to require performance of the other Party of any provision of this
Agreement shall in no way affect the right of such Party thereafter to enforce the same provision, nor shall the waiver by either Party of any breach of any provision hereof be taken or held to be a
waiver of any other or subsequent breach, or as a waiver of the provision itself. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Colorado without
regard to the conflict of laws of such State. The benefits of this Agreement may not be assigned nor any duties under this Agreement be delegated by the Executive without the prior written consent of
the Company, except as contemplated in this Agreement. This Agreement and all of its rights, privileges, and obligations will be binding upon the Parties and all successors and agreed to assigns
thereof. 

        7.6   Binding Agreement. This Agreement shall be effective as of the date hereof and shall be binding upon and inure to the
benefit of the Executive, his heirs, personal and legal representatives, guardians and permitted assigns. The rights and obligations of the Company under this Agreement shall inure to the benefit of
and shall be binding upon any successor or assignee of the Company, including any entity that may be merged with or into the Company. 

        7.7   Headings. The headings or titles in this Agreement are for the purpose of reference only and shall not in any way affect
the interpretation or construction of this Agreement. 

        7.8   No Conflict. The Executive represents and warrants that he is not subject to any agreement, order, judgment or decree of
any kind which would prevent him from entering into this Agreement or performing fully his obligations hereunder. 

        7.9   Survival. The rights and obligations of the Parties shall survive the Term of Employment to the extent that any
performance is required under this Agreement after the expiration or termination of such Term of Employment. 

        7.10 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but
all of which shall together constitute one and the same document. 

        7.11 Notices. Any notice to be given hereunder by either Party to the other may be effected in writing by personal delivery,
or by mail, certified with postage prepaid, or by overnight delivery service. Notices sent by mail or by an overnight delivery service shall be addressed to the Parties at the addresses appearing
following their signatures below, or upon the employment records of the Company but either Party may change its or his address by written notice in accordance with this paragraph. 

        7.12 Opportunity to Consult Counsel. The Parties hereto represent and agree that, prior to executing this Agreement, each has
had the opportunity to consult with independent counsel concerning the terms of this Agreement. 

        7.13 Attorney Fees. In the event of any dispute, arbitration, litigation between the Parties or proceeding before any court
of competent jurisdiction, the prevailing Party shall be entitled to reasonable attorney fee, costs and expenses. 

5

 

        IN
WITNESS WHEREOF, the Parties hereto have properly and duly executed this Agreement to be effective as of the date first written above. 

	

 	
 	

THE COMPANY:

Gold Resource Corporation
	

 	
 	

By:	
 	

	 	 	Name:	 	 
	 	 	 	 	

	

 	
 	

EXECUTIVE:
	

 	
 	

Name:	
 	

 
	 	 	 	 	

	 	 	Address:	 	 
	 	 	 	 	

6

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EXECUTIVE EMPLOYMENT AGREEMENT

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