Document:

Exhibit
      10.1

     

    SHARE
      EXCHANGE AGREEMENT

     

     

    This
      Share Exchange Agreement (this "Agreement") is made and entered into on November
      7, 2008, by and among Silver Reserve Corp., a Delaware corporation, as buyer
      (the "Company"); Infrastructure Materials Corp. US a Nevada corporation (
“Infrastructure” ); and Todd Montgomery, the sole Shareholder of Infrastructure
      (the "Shareholder"). 

     

    RECITALS:

     

    A. As
      of
      Closing the Shareholder will own of record and beneficially all of the issued
      and outstanding shares of capital stock of Infrastructure (the "Infrastructure
      Shares"). 

     

    B. The
      Shareholder desires to sell to the Company, and the Company desires to purchase
      from the Shareholder, the Infrastructure Shares, on the terms and subject to
      the
      conditions of this Agreement.

     

    C. As
      of the
      Closing Infrastructure will own or have the exclusive right to explore the
      mineral claims as more particularly described in SCHEDULES
      A of
      this
      Agreement (collectively referred to herein as the “Properties”).

     

    NOW,
      THEREFORE, for and in consideration of the premises and the mutual promises
      and
      undertakings contained herein, and for other good and valuable consideration,
      and subject to the terms and conditions of this Agreement, the parties hereto
      agree as follows.

     

    
      	1.	
              THE
                EXCHANGE.

            

    

     

    1.1 Sale
      and Purchase of the Infrastructure Shares.
      On the
      terms and subject to conditions of this Agreement, at the Closing (as defined
      below), the Shareholder shall sell, transfer, assign, convey and deliver to
      the
      Company, free and clear of all adverse claims, security interests, liens, claims
      and encumbrances (other than restrictions under applicable securities laws
      or as
      expressly agreed to herein by the Company), and the Company shall purchase,
      accept and acquire all of the Infrastructure Shares from the Shareholder, such
      purchase and sale being herein sometimes referred to as the "Exchange." At
      Closing, the Company shall receive good and merchantable title to the
      Infrastructure Shares. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.2 Issuance
      of Exchange Shares.
      In full
      payment for the Infrastructure Shares, the Company shall issue and deliver
      to
      the Shareholder, $198,512.00 (the Purchase Price) subject to adjustments
      representing all of the costs incurred by the Shareholder in accruing properties
      and incorporating Infrastructure to be payable with 397,024 common shares of
      the
      Company (the "Exchange Shares") at $0.50 per share. The Exchange Shares, will,
      when issued, be validly issued, fully paid, and nonassessable; and the sale,
      issuance and delivery of the Exchange Shares on the terms herein contemplated
      will be authorized by all requisite corporate action of the Company; and the
      Exchange Shares will not be subject to any preemptive rights, options or similar
      rights on the part of any Shareholder or creditor of the Company or any other
      person. The Exchange Shares will be issued at Closing (as defined below)
      pursuant to an exemption from registration under the Securities Act of 1933,
      as
      amended (the “Securities Act”) pursuant to Section 4(2) of the Securities Act.
      Upon issuance, the Exchange Shares will be considered “restricted” shares and
      may not be transferred or re-sold unless an exemption for such transfer is
      available or the re-sale is covered by a registration statement filed under
      the
      Securities Act. 

     

    1.3 Restrictive
      Legend on Shares. When
      issued the certificates evidencing the Exchange Shares will bear a restrictive
      legend substantially in the following form: 

     

    "The
      shares represented by this Certificate have not been registered under the
      Securities Act of 1933, as amended (the "Securities Act"), and are "restricted
      securities" as that term is defined in Rule 144 under the Securities Act. These
      shares may not be offered for sale, sold or otherwise transferred except
      pursuant to an effective registration statement under the Securities Act, or
      pursuant to an exemption from registration under the Securities
      Act."

     

    1.4 Closing.
      Subject
      to the conditions precedent set forth herein, the Closing of all transactions
      herein contemplated (the "Closing") shall take place the execution of this
      Agreement by all of the parties. This Agreement shall be effective and binding
      when signed by all parties. 

     

    1.5 Appointment
      of Officers and Directors.
      At
      Closing, Mason Douglas shall be appointed as a director and secretary of
      Infrastructure and Todd Montgomery shall remain as a director and
      President

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.6 Further
      Assurances.
      Infrastructure and the Shareholder agree to execute all documents and
      instruments and to take or to cause to be taken all actions which the Company
      deems necessary or appropriate to complete the transactions contemplated by
      this
      Agreement, whether before or after the Closing.

     

    1.7 Public
      Filing.
      Upon
      execution and or Closing of this Agreement, the Company shall prepare and file
      such documents as are necessary to comply with all applicable U.S. Securities
      Laws and regulations, including a report on Form 8-K. The parties agree to
      cooperate in the preparation of such filings.

     

    
      	2.	
              OTHER
                AGREEMENTS OF THE PARTIES.

            

    

     

    2.1 Infrastructure
      to Provide Financial Records.
      Infrastructure at Closing shall provide financial records, including receipts
      for incorporation costs and all other expenditures incurred since the date
      of
      inception (collectively referred to herein as “Financial Data”). 

     

    
      	3.	
              REPRESENTATIONS
                AND WARRANTIES OF INFRASTRUCTURE AND SHAREHOLDER. 

            

    

     

    Infrastructure
      and the Shareholder hereby represent and warrant to the Company that the
      following are true and correct as of the Closing: 

     

    3.1 Organization
      and Standing.
      Infrastructure and is and on the Closing will be duly organized, validly
      existing and in good standing under the laws of the State of Nevada with all
      requisite power and authority to carry on the business in which it is engaged,
      to hold mineral claims on mineral rights and other assets it may own, and are
      duly qualified and licensed to do business and is in good standing in all
      jurisdictions where the nature of their business makes such qualification
      necessary.

     

    3.2 Capitalization.
      Other
      than the Infrastructure Shares to be conveyed to the Company pursuant to this
      Agreement, no other shares of capital stock have been issued. All of the issued
      and outstanding share of capital stock of Infrastructure have been duly
      authorized, validly issued, and are fully paid and non assessable.
      Infrastructure does not have outstanding any option, warrant or similar
      instrument that entitles its holder to acquire shares and is not a party to
      or
      bound by any agreement, instrument, arrangement, contract, obligation,
      commitment or understanding of any character, whether written or oral, express
      or implied, whereby Infrastructure is bound to issue shares of its capital
      stock
      or any instrument or right convertible into or exchangeable for shares of its
      capital stock, nor relating to the sale, assignment, encumbrance, conveyance,
      transfer or delivery of any capital stock of Infrastructure of any type or
      class. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3.3 Litigation.
      There
      are no claims, actions, suits, proceedings or investigations pending or
      threatened against or affecting Infrastructure or any of its properties or
      assets in any court or by or before any governmental department, commission,
      board, bureau, agency or other instrumentality, domestic or foreign, or
      arbitration tribunal or other forum which, if determined adversely to
      Infrastructure, would materially affect its business, prospects, Properties
      or
      financial condition or Infrastructure's right to conduct its mineral exploration
      business as being conducted or expected to be conducted. There are no judgments,
      decrees, injunctions, writs, orders or other mandates outstanding to which
      Infrastructure is a party or by which it is bound or affected. 

     

    3.4 Estoppel.
      All
      statements made in this Agreement, or in any Schedule hereto, or in any document
      or certificate executed and delivered herewith, by Infrastructure are true,
      correct and complete as of the date of this Agreement and will be so as of
      the
      Closing. All statements contained in any certificate made by any official of
      Infrastructure and delivered to the Company shall be deemed representations
      and
      warranties of Infrastructure and the Shareholder.

     

    3.5 Compliance
      with Laws and Permits. To the best of its knowledge, Infrastructure has
      complied in all material respects with its organizational documents, including
      its articles of incorporation and bylaws (each as amended to date), all
      applicable laws, regulations and rules, all applicable orders, judgments, writs,
      decrees or injunctions of any local or county governments or any department,
      agency or other instrumentality thereof, domestic (United States), applicable
      to
      its business or Properties, and has not done or omitted to do any act or acts
      which singly or in the aggregate are in violation of any of the foregoing.
      To
      the best of its knowledge, Infrastructure has, except as noted herein or in
      the
      Schedule hereto, obtained all licenses and permits necessary to explore its
      Properties and carry out its operations, is not in violation of any such license
      or permit and has not received any notification that any revocation or
      limitation thereof is pending or threatened.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.6 No
      Undisclosed Material Liabilities.
      Infrastructure has not incurred any liabilities or obligations whatever (whether
      direct, indirect, accrued, contingent, absolute, secured or unsecured or
      otherwise) affecting or related to the Properties, including liabilities as
      mortgagor, guarantor or surety or otherwise for debts or the obligations of
      others and tax liabilities due or to become due. There is no basis for any
      material claim against Infrastructure's Properties or assets. Infrastructure
      has
      no creditors or agreement with another third party whose prior consent might
      be
      required by law to the sale of the Properties.

     

    3.7 Material
      Transactions and Adverse Changes.
      Except
      as has been disclosed in writing to the Company , Infrastructure has not, and
      as
      of the Closing will not have: (i) suffered any material adverse change in its
      assets taken as a whole; (ii) suffered any damage or destruction in the nature
      of a casualty loss to any one or more of its assets, whether or not covered
      by
      insurance, which singly or in the aggregate are materially adverse to the
      Properties or business of Infrastructure; (iii) made any change in any method
      of
      accounting or accounting practice, including the revaluation of any of its
      assets; or (iv) agreed in writing or otherwise to take any action prohibited
      by
      this Agreement. 

     

    3.8 Taxes.
      All
      taxes applicable to Infrastructure, its Properties or other assets and/or to
      the
      Infrastructure Shares (including the transfer of such Infrastructure Shares),
      including any income, excise, unemployment, occupational, franchise, ad valorem
      and other taxes, duties, assessments or charges levied, assessed or imposed
      upon
      Infrastructure by the Government or subdivision or instrumentality thereof
      have
      been duly paid (or will be paid as of the Closing) or adequately disclosed
      to
      the Company and provided for, and all required tax returns or reports concerning
      any such items have been duly filed. Infrastructure has not waived any statute
      of limitations with respect to any tax liability whatever for any period prior
      to the date of this Agreement or agreed to any extension of time with respect
      to
      a tax assessment or liability. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.9 Indebtedness
      to and from Affiliates.
      Infrastructure is not indebted to any officer, director, employee or Shareholder
      thereof, or any affiliate of such persons, as of the date of this Agreement,
      and
      no money or property is owed to Infrastructure by any officer, director,
      employee or Shareholder thereof or any affiliate of such persons, and none
      will
      be owed as of the Closing.

     

    3.10 Documents
      Genuine.
      All
      originals and/or copies of Infrastructure organizational documents, including
      articles of incorporation and bylaws, each as amended to date, and all minutes
      of meetings and written consents of directors and Shareholder in lieu of
      meetings of directors and/or Shareholder of Infrastructure, Financial Data,
      and
      any and all other documents, material, data, files, or information which have
      been or will be furnished to the Company, are and will be true, complete,
      correct and unmodified originals and/or copies of such documents, information,
      data, files or material.

     

    3.11 Employees
      and Salaries.
      Infrastructure will have no employees at the Closing.

     

    3.12 Authorization
      and Validity.
      The
      execution, delivery and performance by Infrastructure of this Agreement and
      any
      other agreements contemplated hereby, and the consummation of the transactions
      contemplated hereby and thereby, have been duly authorized by Infrastructure
      and
      all necessary approvals of the Shareholder of Infrastructure will have been
      obtained by the Closing. This Agreement and any other agreement contemplated
      hereby have been or will be as of the Closing duly executed and delivered by
      Infrastructure and constitutes and will constitute legal, valid and binding
      obligations of Infrastructure, enforceable against it in accordance with their
      respective terms, except as may be limited by applicable bankruptcy, insolvency
      or similar laws affecting creditors' rights generally or the availability of
      equitable remedies.

     

    3.13 Consents;
      Approvals; Conflict.
      No
      consent, approval, authorization or order of any court or governmental agency
      or
      other body is required for the Shareholder to consummate the Exchange. Neither
      the execution, delivery, consummation or performance of this Agreement shall
      conflict with, or constitute a breach of any law or regulation and no prior
      approval is necessary by or under, Infrastructure’s articles of incorporation,
      bylaws or any note, mortgage, indenture, deed of trust, lease, obligation,
      or
      other agreement or instrument to which Infrastructure is a party.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.14 Property.
      Attached to this Agreement or will be at the Closing SCHEDULE
      A with
      descriptions of all mineral claims owned or which Infrastructure has the
      exclusive right to explore and which are included within the definition of
      “Properties” as that term is used in this Agreement. Infrastructure represents
      and warrants that at the Closing they will have registered rights to those
      mineral claims, free of all regulatory, liens or encumbrances and will have
      such
      registered rights at Closing. Infrastructure will provide at the Closing, proof
      of clear title or right to the mineral claims and leases included in the
SCHEDULE
      A.

     

    3.15 Restrictive
      Covenants.
      Prior
      to the consummation of the Exchange, Infrastructure shall conduct its business
      in the ordinary and usual course without unusual commitments and in compliance
      with all applicable laws, rules, and regulations. Furthermore, Infrastructure
      will not, without the prior written consent of the Company, (i) make any changes
      in its capital structure, (ii) incur any liability or obligation other than
      current liabilities incurred in the ordinary and usual course of business,
      (iii)
      incur any material indebtedness for borrowed money, (iv) make any loans or
      advances other than in the ordinary and usual course of business, (v) declare
      or
      pay any dividend or make any other distribution with respect to its capital
      stock, (vi) issue, sell, or deliver or purchase or otherwise acquire for value
      any of its stock or other securities, or (vii) mortgage, pledge, or subject
      to
      encumbrance any of its assets or Properties or sell or transfer any of its
      assets or Properties.

     

    3.16 Disclaimer
      of Further Warranties; Etc.
      Except
      as expressly set forth in this Agreement and the Schedule hereto, the Company
      has made no other representation or warranty to Infrastructure or the
      Shareholder in connection with the Exchange. Infrastructure's and the
      Shareholder’s decision to enter into the Exchange is based upon their own
      independent judgment and investigation and not on any representations or
      warranties of the Company, other than those expressly stated in this Agreement
      and in the Schedule hereto.

     

    3.17 Environmental
      Matters.
      Infrastructure, or the Shareholder or any predecessor entity controlled by
      the
      Shareholder and or associates of the Shareholder:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (a) has
      not
      (A) generated, used, transported, treated, stored, released or disposed of
      any
      hazardous substance in violation of any applicable laws; or (B) engaged in
      any
      generation, use, transportation, treatment, storage, release or disposal of
      any
      hazardous substance in connection with the conduct of its business or the use
      of
      any property or facility which has created or might reasonably be expected
      to
      create any liability under any applicable laws or which would require reporting
      to or notification of any governmental entity and will not have at the
      Closing.

     

    (b) has
      not
      (A) received notice that they are potentially responsible parties for an
      environmental cleanup site or for corrective action under any applicable law;
      (B) submitted or been required to submit any environmental notice pursuant
      to
      any applicable law; (C) received any written request for information in
      connection with any environmental cleanup site; or (D) been required to
      undertake any prospective or remedial action or clean-up action of any kind
      at
      the request of any governmental entity, or at the request of any other person,
      relating to any applicable environmental law and will not have at the Closing.
      

     

    (c) has
      conducted all of its operations and exploration activities in material
      compliance with all applicable environmental laws.

     

    Infrastructure
      and the Shareholder are not aware of any environmental claim, investigation
      or
      violation that would affect the ability of Infrastructure. to explore the
      Properties.

     

    4.    REPRESENTATIONS
      AND WARRANTIES OF THE SHAREHOLDER.
      The
      Shareholder represents and warrants to the Company that the following are true
      and correct as of the date hereof and will be true and correct through the
      Closing as if made on that date:

     

    4.1 Ownership
      of the Infrastructure Shares. The
      Shareholder owns, of record and beneficially, the number of Infrastructure
      Shares set out herein; the Shareholder’s shares are free and clear of all liens,
      claims, rights or other encumbrances whatsoever and of all options and similar
      rights of third persons; and no person has or will have any right in and to
      such
      share except as is created by force of any applicable law. No third party has
      or
      at Closing will have any right of first refusal, pre-emptive right, option
      or
      similar right to acquire the Infrastructure Shares of the Shareholder prior
      to
      the Closing. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.2 Full
      right and Legal Capacity.
      The
      Shareholder has the full right, power and legal capacity to enter into this
      Agreement and sell and deliver the Infrastructure Shares to the Company.

     

    4.3 Solvency.
      The
      Shareholder represent and warrant that he is not now insolvent and will not
      be
      insolvent after selling and delivering the Infrastructure Shares to the Company
      on the terms of this Agreement, and in exchange for the Infrastructure Shares
      being sold hereby the Shareholder is receiving new consideration at least equal
      to the full and fair value of the Infrastructure Shares being sold.

     

    4.4 Acknowledgements
      Regarding the Company and the Exchange Shares. 

     

    (a) Infrastructure
      and the Shareholder understand and acknowledge that the Company is a publicly
      reporting company with no current revenues. The Shareholder recognizes that
      the
      Exchange Shares are speculative and involve a high degree of risk, and that
      the
      prospects and future success of the Company depend principally on its ability
      to
      raise sufficient capital to carry out exploration on the
      Properties.

     

    (b) The
      Shareholder acknowledges and agrees that he has been furnished with or has
      access to the Company’s latest regulatory filings (for information purposes
      only) setting out its business, assets, financial condition and plan of
      operation. The Shareholder further represent that he has full knowledge of
      the
      Company and its business, assets, results of operations, financial condition
      and
      plan of operation and the terms and conditions of the issuance of the Exchange
      Shares. The Shareholder acknowledges that he has full access to all of the
      affairs of the Company as a result of his position as Chief Executive Officer
      of
      the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c) In
      connection with the issuance and delivery of the Exchange Shares, the
      Shareholder understand and acknowledge that the Exchange Shares have not been
      registered under the Securities Act and have been issued in reliance upon
      exemptions from registration provided by Section 4(2) of the Securities Act
      and
      Regulation D promulgated under the Securities Act, on the grounds that the
      transactions contemplated in this Agreement do not involve any public offering.
      The Shareholder is acquiring the Exchange Shares for this own account, and
      not
      for the account of any other person, and not for distribution, assignment or
      resale to others, or for pledge or hypothecation, and no other person has or
      is
      intended to have a direct or indirect ownership or contractual interest in
      the
      Exchange Shares except as may exist or arise by operation of law. The
      Shareholder acknowledge that the Exchange Shares are "restricted securities"
      as
      that term is defined in Rule 144(a) of the General Rules and Regulations under
      the Securities Act and understand that the Exchange Shares must be held
      indefinitely until they are subsequently registered for re-sale under the
      Securities Act or an exemption from such registration requirements is available
      for their re-sale. The Shareholder understands and agrees that the prior written
      consent of the Company will be necessary for any transfer of the Exchange Shares
      until the Exchange Shares have been duly registered for re-sale or the transfer
      is made in accordance with Rule 144 or other available exemption under the
      Act.
      The Shareholder further understand that every certificate issued by the Company
      evidencing Exchange Shares will bear a legend restricting transfer as provided
      in this Agreement.

     

    (d) The
      Shareholder, has such knowledge and experience in financial, tax and business
      matters as to enable the Shareholder to utilize his knowledge of the Company,
      in
      connection with the Exchange and issuance of the Exchange Shares, to evaluate
      the merits and risks of acquiring the Exchange Shares and to make an informed
      investment decision with respect thereto.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (e) The
      Shareholder acknowledges that he has reviewed the current disclosure filings
      of
      the Company for information purposes and that the Exchange Shares are not being
      sold pursuant to a Prospectus.

     

    4.5 True
      and Correct Information and Material Changes. All
      information which the Shareholder has provided or will provide to the Company
      is
      or will be correct and complete as of the date furnished to the Company, and,
      if
      there should be any material change in such information prior to the Closing
      as
      to Shareholder, will immediately provide the Company with such
      information.

     

    4.6 No
      Solicitation.
      Shareholder was not solicited by the Company by any form of general solicitation
      or general advertising, including but not limited to any advertisement, article,
      notice or other communication published in any newspaper, magazine or similar
      media or broadcast over television or radio, or made available over telephone
      lines by any information service, or any seminar or meeting whose attendees
      had
      been invited by any means of general solicitation or general
      advertising.

     

    4.7 No
      Other Representations or Warranties. Except
      as
      expressly set forth in this Agreement and the Schedule hereto, the Company
      has
      not made any representation or warranty to the Shareholder in connection with
      this Agreement. The Shareholder’s decision to enter into the Exchange is based
      upon his own independent judgment and investigation and not on any
      representations or warranties of the Company other than those expressly stated
      in this Agreement and in the Schedules hereto.

     

    4.8 No
      Operations. Other
      than certain reimbursements if any paid to Infrastructure in connection with
      the
      transactions contemplated by this Agreement, Infrastructure has had any revenue
      or operations since inception.

     

    5.    REPRESENTATIONS
      AND WARRANTIES OF THE COMPANY.
      Unless
      specifically stated otherwise, the Company represents and warrants to the other
      parties that the following are true and correct as of the date hereof and will
      be true and correct through the Closing as if made on that date.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.1 Organization
      and Good Standing.
      The
      Company is and on the Closing will be duly organized, validly existing and
      in
      good standing under the laws of the State of Delaware.

     

    5.2 Authorized
      Capitalization.
      As
      provided in its Articles of Incorporation, the authorized capital stock of
      the
      Company consists of 100,000,000 common shares of common stock at par value
      $.0001 per share, of which not more than 55,000,000 shares will be issued and
      outstanding prior to the Closing and 50,000,000 shares, par value $.0001 per
      share, are designated as preferred stock, none of which are issued or
      outstanding or will be at Closing. 

     

    5.3 Declaration
      of Interest. The
      Company declares that in its decision to acquire Infrastructure, it is relying
      on independent legal, financial and tax experts and other technical personnel,
      and that the Company’s decision to enter into this Agreement is based upon its
      own independent judgment, investigation and evaluation by disinterested members
      of its Board of Directors and management, and not on any representations or
      warranties of the Shareholder, other than those expressly stated in this
      Agreement and in the Schedules hereto. Furthermore, the Company hereby declares
      that its principle business is the acquisition, exploration and development
      of
      mineral properties, both in the United States and in foreign countries and
      that
      it has the requisite technical and managerial personnel and experience to
      conduct such business and that such technical and managerial experience was
      employed in the evaluation of the mineral potential of Infrastructure’s
      Properties,.

     

    5.4 Litigation.
      There
      are no claims, actions, suits, proceedings or investigations pending or
      threatened against or affecting the Company in any court or by or before any
      federal, state, municipal or other governmental department, commission, board,
      bureau, agency or other instrumentality, domestic or foreign, or arbitration
      tribunal or other forum. There are no judgments, decrees, injunctions, writs,
      orders or other mandates outstanding to which the Company is a party or by
      which
      it is bound or affected.

     

    5.5 Authorization
      and Validity.
      The
      execution, delivery and performance by the Company of this Agreement and any
      other agreements contemplated hereby, and the consummation of the transactions
      contemplated hereby and thereby, has been approved by the disinterested members
      of the Company’s Board of Directors. . This Agreement and any other
      agreement contemplated hereby have been or will be as of the Closing duly
      executed and delivered by the Company and constitute and will constitute legal,
      valid and binding obligations of the Company, enforceable against it in
      accordance with their respective terms, except as may be limited by applicable
      bankruptcy, insolvency or similar laws affecting creditors' rights generally
      or
      the availability of equitable remedies.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5.6 Taxes.
      All
      income, excise, unemployment, social security, occupational, franchise and
      other
      taxes, duties, assessments or charges levied, assessed or imposed upon the
      Company by the United States or by any state or municipal government or
      subdivision or instrumentality thereof have been duly paid or adequately
      provided for, and all required tax returns or reports concerning any such items
      have been duly filed or will be so filed. 

     

    5.7 Indebtedness
      to or from Affiliates.
      The
      Company is not and will not be indebted to any officer, director, employee
      or
      Shareholder thereof as of the Closing. No money or property is owed to the
      Company by any officer, director, employee or Shareholder thereof, and none
      will
      be owed as of the Closing. 

     

    5.8 Consents;
      Approvals; Conflict.
      No
      consent, approval, authorization or order of any court or governmental agency
      or
      other body is required for the Company to execute and perform its obligations
      under this Agreement. Neither the execution, delivery, consummation nor
      performance of this Agreement shall conflict with, constitute a breach of the
      Company's articles of incorporation and bylaws, as amended to date, or any
      note,
      mortgage, indenture, deed of trust or other agreement of instrument to which
      the
      Company is a party or by which it is bound nor, to the best of the Company's
      knowledge and belief, any existing law, rule, regulation, or any decree of
      any
      court or governmental department, agency, commission, board or bureau, domestic
      or foreign, having jurisdiction over the Company. The Company has timely,
      accurately, and completely filed all reports, statements and schedules required
      under applicable federal and state securities laws with the U.S. Securities
      and
      Exchange Commission and all governing securities authorities, if any.

     

    5.9 Disclaimer
      of Further Warranties; Etc.
      Except
      as expressly set forth in this Agreement and the Schedule hereto, neither
      Infrastructure nor the Shareholder has made any other representation or warranty
      to the Company in connection with the Exchange. The Company's decision to enter
      into the Exchange is based upon the Company's own independent judgment and
      investigation by disinterested members of its Board of Directors and management
      and not on any representations and warranties of Infrastructure or the
      Shareholder other than those expressly stated in this Agreement and in the
      Schedule hereto.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    6.    CONDITIONS
      TO OBLIGATIONS OF THE PARTIES; DELIVERIES.
      All
      obligations of the parties under this Agreement are subject to the fulfillment,
      prior to the Closing, of all conditions precedent and to performance of all
      covenants and agreements and completion of all deliveries contemplated herein,
      unless specifically waived in writing by the party entitled to performance
      or to
      demand fulfillment of the covenant or delivery of the documents.

     

    6.1 Documents
      to be delivered by Infrastructure to the Company.
      At the
      Closing, the following documents shall be delivered to the Company by
      Infrastructure or the Shareholder, as the case may be, which documents shall
      be
      reasonably satisfactory in form and content to the Company's
      counsel:

     

    (a) Certificates
      executed by an authorized signing officer of Infrastructure, dated as of the
      Closing, certifying that the representations and warranties of Infrastructure,
      contained in this Agreement and the information set forth in the Schedule of
      Infrastructure hereto are then true and correct and that Infrastructure has
      complied with all agreements and conditions required by this Agreement and
      all
      related agreements to be performed or complied with by
      Infrastructure.

     

    (b) A
      copy of
      the directors' resolution or the minutes of the meeting of the directors of
      Infrastructure approving the execution and performance of this
      Agreement.

     

    (c) The
      certificates evidencing the Infrastructure Shares, indorsed on the reverse
      side
      for transfer or accompanied by a signed stock power in form reasonably
      satisfactory to the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d) All
      financial records of Infrastructure. 

     

    (e) All
      reports and documents in the possession of Infrastructure related to any of
      the
      Properties

     

    (f) Minute
      books of Infrastructure containing incorporation documents and any amendments
      thereto, bylaws, minutes of shareholder and director meetings, resolutions
      and
      shareholder records.

     

    (g) A
      legal
      opinion of counsel to Infrastructure, acceptable to the Company, covering:
      (i)
      the existence and good standing of Infrastructure as a corporation, (ii) the
      authorization of the transactions contemplated herein by Infrastructure, (iii)
      the valid issuance of the Infrastructure Shares that are to be exchanged
      hereunder, and (iv) the binding nature of this Agreement upon execution by
      Infrastructure, and the Shareholders.

     

    6.2 Documents
      to be delivered to Infrastructure and the Shareholder.
      At the
      Closing the following documents shall be delivered to Infrastructure and the
      Shareholder by the Company, which documents shall be reasonably satisfactory
      in
      form and content to Infrastructure's counsel:

     

    (a) To
      the
      Shareholder, stock certificates evidencing the Exchange Shares.

     

    (b) To
      Infrastructure, a certificate executed by the Company dated as of the Closing,
      certifying that the representations and warranties of the Company contained
      in
      this Agreement and the information set forth in the Schedule of the Company
      are
      then true and correct and that the Company has complied with all agreements
      and
      conditions required by this Agreement to be performed or complied with by
      it.

     

    (c) To
      Infrastructure, a copy of the directors' resolution or the minutes of the
      meeting of the directors of the Company approving the execution and performance
      of this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7.    OTHER
      COVENANTS OF THE PARTIES.
      The
      parties agree that, prior to the Closing:

     

    7.1 Effectuation
      of this Agreement.
      The
      parties hereto each will use their best efforts to cause this Agreement and
      all
      related agreements to become effective, and all transactions herein and therein
      contemplated to be consummated, in accordance with its and their terms, to
      obtain all required consents, waivers and authorizations of governmental
      entities and other third parties, to make all filings and give all notices
      to
      those regulatory authorities or other third parties which may be necessary
      or
      reasonably required in order to effect the transactions contemplated in this
      Agreement, and to comply with all federal, local and State rules and regulations
      as may be applicable to the contemplated transactions in the United
      States.

     

    7.2 Restriction
      on Action.
      The
      parties each agree that they will not do any thing or act prohibited by this
      Agreement or any related agreement, or fail to do any thing or act which he
      or
      it has undertaken to do in this Agreement or any related agreement.

     

    7.3 Confidentiality.
      Infrastructure the Shareholders and the Company covenant that they each will
      not
      disclose any confidential information of the other parties, except to its
      officers, directors, attorneys, accountants, and employees involved in these
      transactions, and only then on the condition that such individuals not disclose
      the information disclosed to them. Notwithstanding the foregoing, the terms
      of
      this Agreement, or of any of the transactions contemplated hereby, may be
      disclosed following execution hereof, provided that each party will provide
      at
      least twenty-four hours' notice to the other party prior to making the initial
      public announcement regarding the transaction. In addition, either party may
      disclose this Agreement or any part hereof to any third party at any time if
      required to do so by law, this Agreement or other contractual obligation.
      Infrastructure and the Shareholder acknowledge that the Company is a reporting
      company in the United States and that the Company will control the public
      dissemination of information about this transaction.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    8.    SURVIVAL
      OF COVENANTS AND WARRANTIES.

     

    8.1 Survival
      of Covenants and Warranties.
      The
      representations, warranties, covenants and agreements made by Infrastructure
      and
      Shareholder on the one hand, and the Company on the other hand, shall survive
      the Closing for a period of two years and shall be fully enforceable at law
      or
      in equity against such other party and its successors and assigns for a period
      of one year after the Closing. Any investigation at any time made by or on
      behalf of (or any disclosure to) any party hereto shall not diminish in any
      respect whatsoever its right to rely on the representations and warranties
      of
      the other party hereto.

     

    8.2 Notice
      of Claims.
      The
      Company, Infrastructure and the Shareholder each agree to give prompt written
      notice to the other of any claim against the party giving notice which might
      give rise to a claim by it against the other party hereto, stating the nature
      and basis of the claim and the actual or estimated amount thereof. 

     

    9.    TERMINATION
      OF THIS AGREEMENT.

     

    9.1 Grounds
      for Termination.
      This
      Agreement shall terminate: 

     

    (a) By
      mutual
      written consent of the Company, the Shareholder and Infrastructure; or

     

    (b) By
      Company or Infrastructure, if: 

     

    (i) all
      the
      conditions precedent to its respective obligations hereunder have not been
      satisfied or waived prior to the Closing, as it may be accelerated or
      extended;

     

    (ii) any
      party
      shall have defaulted or refused to perform in any material respect under this
      Agreement, or if the Company or Infrastructure should have reasonable cause
      to
      believe there has been a material representation concerning, or failure or
      breach of, any representation or warranty by the other party, or if it appears
      that either Infrastructure or the Company has committed any unlawful acts
      affecting the other party;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iii) the
      transactions contemplated in this Agreement and related agreements have not
      been
      consummated on the Closing, as it may be accelerated or extended,
      OR

     

    (iv) either
      the Company or Infrastructure shall reasonably determine that the transactions
      contemplated in this Agreement have become inadvisable by reason of the
      institution or threat by any federal, state or municipal governmental
      authorities or by other person whatever of a formal investigation or of any
      action, suit or proceeding of any kind against either or both parties which
      in
      one party's reasonable belief is material in light of the other party's
      business, prospects, properties or financial condition; 

     

    9.2 Manner
      of Termination.
      Any
      termination of this Agreement (other than an automatic termination) shall be
      made in accordance with the above listed grounds and, if terminated by
      Infrastructure or the Company, shall be accompanied by a copy of the resolution
      of the terminating party's board of directors. Written notice of termination
      shall be given to the other party as required in this Agreement as promptly
      as
      is practical under the circumstances. Upon a party's receipt of such termination
      notice, this Agreement shall terminate and the transactions herein contemplated
      shall be abandoned without further action by the parties. 

     

    9.3 Survival
      of Confidentiality Provisions.
      Upon
      termination of this Agreement for any reason, (i) the covenants of the parties
      concerning the confidentiality and proprietary nature of all documents and
      other
      information furnished hereunder shall remain in force except as to information
      which has otherwise become public knowledge, and (ii) each party shall promptly
      return all documents received from the other party in connection with this
      Agreement. This Paragraph constitutes a mutual covenant of the parties, and
      either may judicially enforce it.

     

    10.   MISCELLANEOUS
      PROVISIONS.

     

    10.1 Assignment.
      Neither
      this Agreement nor any right created hereby or in any agreement entered into
      in
      connection with the transactions contemplated hereby shall be assignable by
      any
      party hereto without the prior written consent of the parties not seeking
      assignment, and any purported assignment without such consent shall be null
      and
      void and of no force or effect. No such assignment shall relieve the assignor
      of
      any obligations created under this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.2 Parties
      in Interest; No Third Party Beneficiaries.
      Except
      as otherwise provided herein, the terms and conditions of this Agreement shall
      inure to the benefit of and be binding upon the parties and their respective
      heirs, legal representatives, successors and permitted assigns. Neither this
      Agreement nor any other agreement contemplated hereby shall be deemed to confer
      upon any person not a party hereto or thereto any rights or remedies hereunder
      or thereunder, except as expressly set forth in this Agreement. 

     

    10.3 Entire
      Agreement.
      This
      Agreement and the agreements contemplated hereby constitute the entire agreement
      of the parties regarding the subject matter hereof, and supersede all prior
      agreements and understandings, both written and oral, among the parties, or
      any
      of them, with respect to the subject matter hereof.

     

    10.4 Severability.
      If any
      provision of this Agreement is held to be illegal, invalid or unenforceable
      under present or future laws effective during the term hereof, such provision
      shall be fully severable and this Agreement shall be construed and enforced
      as
      if such illegal, invalid or unenforceable provision never comprised a part
      hereof; and the remaining provisions hereof shall remain in full force and
      effect and shall not be affected by the illegal, invalid or unenforceable
      provision or by its severance herefrom. Further, in lieu of such illegal,
      invalid or unenforceable provision, there shall be added automatically as part
      of this Agreement a provision as similar in terms to such illegal, invalid,
      or
      unenforceable provision as may be possible and be legal, valid and
      enforceable.

     

    10.5 Survival
      of Representations, Warranties and Covenants.
      The
      representations, warranties and covenants of all parties contained herein shall
      survive the Closing, and all statements contained in any certificate, exhibit
      or
      other instrument delivered by or on behalf of the Company or Infrastructure,
      as
      the case may be, and, notwithstanding any provision in this Agreement to the
      contrary, shall survive the Closing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    10.6 Interpretation.
      This
      Agreement shall be governed by and construed under the laws of the State of
      Delaware with the exception that if any provision of this Agreement is deemed
      to
      be in conflict with any treaty duly ratified between the Government of the
      United States and the Government of Canada, including but not limited to tariff
      and trade agreements, tax treaties, general treaties of commerce and business,
      or if any provision of the Agreement is deemed to be in conflict with any
      pertinent provision of the Mining laws of Canada, then such provision shall
      be
      governed by and interpreted under the law of the specific treaty as ratified
      jointly by the governments, or in the case of a conflict of any of the
      provisions herein with any of the provisions of the Mining Law of Canada, then
      said provision shall be governed by and interpreted under the Mining Law of
      Canada.

     

    10.7 Captions.
      The
      captions in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect any of the terms or provisions hereof. Whenever the
      context requires, the gender of all words used herein shall include the
      masculine, feminine and neuter, and the number of all words shall include the
      singular and plural. Use of the words "herein", "hereof", "hereto" and the
      like
      in this Agreement shall be construed as references to this Agreement as a whole
      and not to any particular provision in this Agreement, unless otherwise noted.
      

     

    10.8 Notice.
      Any
      notice or communication hereunder or in any agreement entered into in connection
      with the transactions contemplated hereby must be in writing and given by
      depositing the same in the United States mail, addressed to the party to be
      notified, postage prepaid and registered or certified with return receipt
      requested, by telefax transmission or by delivery by use of a messenger which
      regularly retains its delivery receipts. Such notice shall be deemed received
      on
      the date on which it is delivered to the addressee. For purposes of notice,
      the
      addresses of the parties shall be, if to Shareholders, sent to Infrastructure
      for forwarding, and:

    

      
        	 	
                If
                  to Infrastructure:

              	
                c/o
                  Todd Montgomery

              
	 	
                Or
                  the Shareholder

              	
                870
                  State Route 339, 

              
	 	 	
                Yerington
                  NV 89447-2945

              
	 	 	 
	 	 	 
	 	
                If
                  to Company:

              	
                1135
                  Terminal Way

              
	 	 	
                Suite
                  207B Reno NV 89502

              

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

    

     

    10.9 Counterparts.
      This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original, and all of which together shall constitute one and the
      same
      instrument. Execution and delivery of this Agreement by exchange of facsimile
      copies bearing facsimile signature of a party shall constitute a valid and
      binding execution and delivery of this Agreement by such party. Such facsimile
      copies shall constitute enforceable original documents. The Company shall be
      responsible to provide each party to the Agreement, a fully executed copy once
      all signatures have been received.

     

    10.10 Prevailing
      Party (Attorneys' Fees) Clause.
      In the
      event of any litigation or proceeding arising as a result of the breach of
      this
      Agreement or the failure to perform hereunder, or failure or untruthfulness
      of
      any representation or warranty herein, the party or parties prevailing in such
      litigation or proceeding shall be entitled to collect the costs and expenses
      of
      bringing or defending such litigation or proceeding, including reasonable
      attorneys' fees, from the party or parties not prevailing.

     

    10.11 Relationship
      of the Parties.
      Nothing
      in this Agreement is intended to be construed so as to suggest that the parties
      hereto are partners or joint ventures, or that any party or its employees is
      the
      employee or agent of the other. Neither Infrastructure nor the Company has
      any
      express or implied right or authority under this Agreement to assume or create
      any obligations on behalf of or in the name of the other party to any contract,
      agreement, arrangement, understanding or undertaking with any third
      party.

     

    10.12 No
      Advice Given.
      Infrastructure and the Shareholder acknowledge and agree that they have neither
      asked for nor received any legal or tax advice from the Company or its Directors
      or any other person associated with the Company in regard to this Agreement
      or
      the transactions herein contemplated, and have instead relied on advice and
      counsel furnished by their own legal or other advisers in order to satisfy
      themselves as to the tax and other legal implications to them of the Exchange
      and issuance of the Exchange Shares. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    10.13 Acknowledgment
      by Shareholder.
      The
      Shareholder acknowledges and agree that their execution of this Agreement shall
      constitute a written consent in lieu of a meeting of the Shareholders of
      Infrastructure, and that no meeting of or written consent or other action by
      the
      Shareholder of Infrastructure is necessary to ratify the valid execution and
      performance of this Agreement and consummation of the Exchange by
      Infrastructure.

     

    

     

    IN
      WITNESS WHEREOF, all parties have executed this Agreement as of the date first
      written above;

     

    

      
        	
                SILVER
                  RESERVE CORP.

              
	 
	
                /s/
                  Mason Douglas 

              
	
                Mason
                  Douglas President

              
	 
	 
	
                INFRASTRUCTURE
                  MATERIALS CORP US

              
	 
	 
	
                /s/
                  Todd Montgomery

              
	
                Todd
                  Montgomery, President

              
	 
	 
	 
	
                THE
                  SHAREHOLDER

              
	 
	 
	
                /s/
                  Todd Montgomery

              
	
                Todd
                  Montgomery, sole shareholder:

              

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE
      A

    MH
      1 -
      84

    Sections
      16, 20 & 30, T 37 N, R 58 E, MDB&M

    Elko
      County, Nevada

     

    
      
        	
                
                  Claim
                    Name

                

              	
                
                  Elko
                    County File No.

                

              	
                BLM
                  NMC 

              
	
                MH
                  1

              	
                598156

              	
                989047

              
	
                MH
                  2

              	
                598157

              	
                989048

              
	
                MH
                  3

              	
                598158

              	
                989049

              
	
                MH
                  4

              	
                598159

              	
                989050

              
	
                MH
                  5

              	
                598160

              	
                989051

              
	
                MH
                  6

              	
                598161

              	
                989052

              
	
                MH
                  7

              	
                598162

              	
                989053

              
	
                MH
                  8

              	
                598163

              	
                989054

              
	
                MH
                  9

              	
                598164

              	
                989055

              
	
                MH
                  10

              	
                598165

              	
                989056

              
	
                MH
                  11

              	
                598166

              	
                989057

              
	
                MH
                  12

              	
                598167

              	
                989058

              
	
                MH
                  13

              	
                598168

              	
                989059

              
	
                MH
                  14

              	
                598169

              	
                989060

              
	
                MH
                  15

              	
                598170

              	
                989061

              
	
                MH
                  16

              	
                598171

              	
                989062

              
	
                MH
                  17

              	
                598172

              	
                989063

              
	
                MH
                  18

              	
                598173

              	
                989064

              
	
                MH
                  19

              	
                598174

              	
                989065

              
	
                MH
                  20

              	
                598175

              	
                989066

              
	
                MH
                  21

              	
                598176

              	
                989067

              
	
                MH
                  22

              	
                598177

              	
                989068

              
	
                MH
                  23

              	
                598178

              	
                989069

              
	
                MH
                  24

              	
                598179

              	
                989070

              
	
                MH
                  25

              	
                598180

              	
                989071

              
	
                MH
                  26

              	
                598181

              	
                989072

              
	
                MH
                  27

              	
                598182

              	
                989073

              
	
                MH
                  28

              	
                598183

              	
                989074

              
	
                MH
                  29

              	
                598184

              	
                989075

              
	
                MH
                  30

              	
                598185

              	
                989076

              
	
                MH
                  31

              	
                598186

              	
                989077

              
	
                MH
                  32

              	
                598187

              	
                989078

              
	
                MH
                  33

              	
                598188

              	
                989079

              
	
                MH
                  34

              	
                598189

              	
                989080

              
	
                MH
                  35

              	
                598190

              	
                989081

              
	
                MH
                  36

              	
                598191

              	
                989082

              
	
                MH
                  37

              	
                598192

              	
                989083

              
	
                MH
                  38

              	
                598193

              	
                989084

              
	
                MH
                  39

              	
                598194

              	
                989085

              
	
                MH
                  40

              	
                598195

              	
                989086

              
	
                MH
                  41

              	
                598196

              	
                989087

              
	
                MH
                  42

              	
                598197

              	
                989088

              
	
                MH
                  43

              	
                598198

              	
                989089

              

      

      Schedule
        A continued

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        	 	
                Claim
                  Name

              	
                Elko
                  County File No.

              	
                BLM
                  NMC

              
	 	
                MH
                  44

              	
                598199

              	
                989090

              
	 	
                MH
                  45

              	
                598200

              	
                989091

              
	 	
                MH
                  46

              	
                598201

              	
                989092

              
	 	
                MH
                  47

              	
                598202

              	
                989093

              
	 	
                MH
                  48

              	
                598203

              	
                989094

              
	 	
                MH
                  49

              	
                598204

              	
                989095

              
	 	
                MH
                  50

              	
                598205

              	
                989096

              
	 	
                MH
                  51

              	
                598206

              	
                989097

              
	 	
                MH
                  52

              	
                598207

              	
                989098

              
	 	
                MH
                  53

              	
                598208

              	
                989099

              
	 	
                MH
                  54

              	
                598209

              	
                989100

              
	 	
                MH
                  55

              	
                598210

              	
                989101

              
	 	
                MH
                  56

              	
                598211

              	
                989102

              
	 	
                MH
                  57

              	
                598212

              	
                989103

              
	 	
                MH
                  58

              	
                598213

              	
                989104

              
	 	
                MH
                  59

              	
                598214

              	
                989105

              
	 	
                MH
                  60

              	
                598215

              	
                989130

              
	 	
                MH
                  61

              	
                598216

              	
                989106

              
	 	
                MH
                  62

              	
                598217

              	
                989107

              
	 	
                MH
                  63

              	
                598218

              	
                989108

              
	 	
                MH
                  64

              	
                598219

              	
                989109

              
	 	
                MH
                  65

              	
                598220

              	
                989110

              
	 	
                MH
                  66

              	
                598221

              	
                989111

              
	 	
                MH
                  67

              	
                598222

              	
                989112

              
	 	
                MH
                  68

              	
                598223

              	
                989113

              
	 	
                MH
                  69

              	
                598224

              	
                989114

              
	 	
                MH
                  70

              	
                598225

              	
                989115

              
	 	
                MH
                  71

              	
                598226

              	
                989116

              
	 	
                MH
                  72

              	
                598227

              	
                989117

              
	 	
                MH
                  73

              	
                598228

              	
                989118

              
	 	
                MH
                  74

              	
                598229

              	
                989119

              
	 	
                MH
                  75

              	
                598230

              	
                989120

              
	 	
                MH
                  76

              	
                598231

              	
                989121

              
	 	
                MH
                  77

              	
                598232

              	
                989122

              
	 	
                MH
                  78

              	
                598233

              	
                989123

              
	 	
                MH
                  79

              	
                598234

              	
                989124

              
	 	
                MH
                  80

              	
                598235

              	
                989125

              
	 	
                MH
                  81

              	
                598236

              	
                989126

              
	 	
                MH
                  82

              	
                598237

              	
                989127

              
	 	
                MH
                  83

              	
                598238

              	
                989128

              
	 	
                MH
                  84

              	
                598239

              	
                989129

              

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Schedule
        A continued

      LM
        1 -
        52

      Sections
        10, 11, 14, 15, 22 & 23, T 6 N, R 35 E, MDB&M

      Mineral
        County, Nevada

      

      
        	
              	
                Claim
                  Name

              	
                
                  Mineral
                    County File No.

                

              	
                BLM
                  NMC

              
	 	
                LM
                  1

              	
                145554

              	
                986920

              
	 	
                LM
                  2

              	
                145555

              	
                986921

              
	 	
                LM
                  3

              	
                145556

              	
                986922

              
	 	
                LM
                  4

              	
                145557

              	
                986923

              
	 	
                LM
                  5

              	
                145558

              	
                986924

              
	 	
                LM
                  6

              	
                145559

              	
                986925

              
	 	
                LM
                  7

              	
                145560

              	
                986926

              
	 	
                LM
                  8

              	
                145561

              	
                986927

              
	 	
                LM
                  9

              	
                145562

              	
                986928

              
	 	
                LM
                  10

              	
                145563

              	
                986929

              
	 	
                LM
                  11

              	
                145564

              	
                986930

              
	 	
                LM
                  12

              	
                145565

              	
                986931

              
	 	
                LM
                  13

              	
                145566

              	
                986932

              
	 	
                LM
                  14

              	
                145567

              	
                986933

              
	 	
                LM
                  15

              	
                145568

              	
                986934

              
	 	
                LM
                  16

              	
                145569

              	
                986935

              
	 	
                LM
                  17

              	
                145570

              	
                986936

              
	 	
                LM
                  18

              	
                145571

              	
                986937

              
	 	
                LM
                  19

              	
                145572

              	
                986938

              
	 	
                LM
                  20

              	
                145573

              	
                986939

              
	 	
                LM
                  21

              	
                145574

              	
                986940

              
	 	
                LM
                  22

              	
                145575

              	
                986941

              
	 	
                LM
                  23

              	
                145576

              	
                986942

              
	 	
                LM
                  24

              	
                145577

              	
                986943

              
	 	
                LM
                  25

              	
                145578

              	
                986944

              
	 	
                LM
                  26

              	
                145579

              	
                986945

              
	 	
                LM
                  27

              	
                145580

              	
                986946

              
	 	
                LM
                  28

              	
                145581

              	
                986947

              
	 	
                LM
                  29

              	
                145582

              	
                986948

              
	 	
                LM
                  30

              	
                145583

              	
                986949

              
	 	
                LM
                  31

              	
                145584

              	
                986950

              
	 	
                LM
                  32

              	
                145585

              	
                986951

              
	 	
                LM
                  33

              	
                145586

              	
                986952

              
	 	
                LM
                  34

              	
                145587

              	
                986953

              
	 	
                LM
                  35

              	
                145588

              	
                986954

              
	 	
                LM
                  36

              	
                145589

              	
                986955

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Schedule
        A continued

       

      
        	
                 

              	
                
                  Claim
                    Name

                

              	
                
                  Mineral
                    County File No.

                

              	
                BLM
                  NMC

              
	 	
                LM
                  37

              	
                145590

              	
                986956

              
	 	
                LM
                  38

              	
                145591

              	
                986957

              
	 	
                LM
                  39

              	
                145592

              	
                986958

              
	 	
                LM
                  40

              	
                145593

              	
                986959

              
	 	
                LM
                  41

              	
                145594

              	
                986960

              
	 	
                LM
                  42

              	
                145595

              	
                986961

              
	 	
                LM
                  43

              	
                145596

              	
                986962

              
	 	
                LM
                  44

              	
                145597

              	
                986963

              
	 	
                LM
                  45

              	
                145598

              	
                986964

              
	 	
                LM
                  46

              	
                145599

              	
                986965

              
	 	
                LM
                  47

              	
                145600

              	
                986966

              
	 	
                LM
                  48

              	
                145601

              	
                986967

              
	 	
                LM
                  49

              	
                145602

              	
                986968

              
	 	
                LM
                  50

              	
                145603

              	
                986969

              
	 	
                LM
                  51

              	
                145604

              	
                986970

              
	 	
                LM
                  52

              	
                145605

              	
                986971

              

      

      

      Schedule
        A

      MP
        1 -
        138

      Sections
        1, 5, 6, 13, 18, 19, 24, 25, 26, 30, 31, 32, 35, 36

      T
        9S,10S,
        R 43 & 44 E, MDB&M

      Bear
        Lake
        and Caribou Counties, Nevada

      

      
        	
                
                  Claim
                    Name

                

              	
                County
                  File No. 

              
	
                MP
                  1

              	
                181471

              
	
                MP
                  2

              	
                181472

              
	
                MP
                  3

              	
                181473

              
	
                MP
                  4

              	
                181474

              
	
                MP
                  5

              	
                181475

              
	
                MP
                  6

              	
                181476

              
	
                MP
                  7

              	
                181477

              
	
                MP
                  8

              	
                181478

              
	
                MP
                  9

              	
                181479

              
	
                MP
                  10

              	
                181480

              
	
                MP
                  11

              	
                181481

              
	
                MP
                  12

              	
                181482

              
	
                MP
                  13

              	
                181483

              
	
                MP
                  14

              	
                181484

              
	
                MP
                  15

              	
                181485

              
	
                MP
                  16

              	
                181486

              
	
                MP
                  17

              	
                181487

              
	
                MP
                  18

              	
                181488

              
	
                MP
                  19

              	
                181489

              
	
                MP
                  20

              	
                181490

              
	
                MP
                  21

              	
                181491

              
	
                MP
                  22

              	
                181492

              
	
                MP
                  23

              	
                181493

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Schedule
        A continued

      

      
        	
                
                  Claim
                    Name

                

              	
                County
                  File No.  

              
	
                MP
                  24

              	
                181494

              
	
                MP
                  25

              	
                181495

              
	
                MP
                  26

              	
                181496

              
	
                MP
                  27

              	
                181497

              
	
                MP
                  28

              	
                181498

              
	
                MP
                  29

              	
                181499

              
	
                MP
                  30

              	
                181500

              
	
                MP
                  31

              	
                181501

              
	
                MP
                  32

              	
                181502

              
	
                MP
                  33

              	
                181503

              
	
                MP
                  34

              	
                181504

              
	
                MP
                  35

              	
                181505

              
	
                MP
                  36

              	
                181506

              
	
                MP
                  37

              	
                181507

              
	
                MP
                  38

              	
                181508

              
	
                MP
                  39

              	
                181509

              
	
                MP
                  40

              	
                181510

              
	
                MP
                  41

              	
                181511

              
	
                MP
                  42

              	
                181512

              
	
                MP
                  43

              	
                181513

              
	
                MP
                  44

              	
                181514

              
	
                MP
                  45

              	
                181515

              
	
                MP
                  46

              	
                181516

              
	
                MP
                  47

              	
                181517

              
	
                MP
                  48

              	
                181518

              
	
                MP
                  49

              	
                181519

              
	
                MP
                  50

              	
                181520

              
	
                MP
                  51

              	
                181521

              
	
                MP
                  52

              	
                181522

              
	
                MP
                  53

              	
                181523

              
	
                MP
                  54

              	
                181524

              
	
                MP
                  55

              	
                181525

              
	
                MP
                  56

              	
                181526

              
	
                MP
                  57

              	
                181527

              
	
                MP
                  58

              	
                181528

              
	
                MP
                  59

              	
                181529

              
	
                MP
                  60

              	
                181530

              
	
                MP
                  61

              	
                181531

              
	
                MP
                  62

              	
                181532

              
	
                MP
                  63

              	
                181533

              
	
                MP
                  64

              	
                181534

              
	
                MP
                  65

              	
                181535

              
	
                MP
                  66

              	
                181536

              
	
                MP
                  67

              	
                181537

              
	
                MP
                  68

              	
                181538

              
	
                MP
                  69

              	
                181539

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Schedule
        A continued

      

      
        	
                
                  Claim
                    Name

                

              	
                County
                  File No.

              
	
                MP
                  70

              	
                181540

              
	
                MP
                  71

              	
                181541

              
	
                MP
                  72

              	
                181542

              
	
                MP
                  73

              	
                181543

              
	
                MP
                  74

              	
                181544

              
	
                MP
                  75

              	
                181545

              
	
                MP
                  76

              	
                181546

              
	
                MP
                  77

              	
                181547

              
	
                MP
                  78

              	
                181548

              
	
                MP
                  79

              	
                181549

              
	
                MP
                  80

              	
                181550

              
	
                MP
                  81

              	
                181551

              
	
                MP
                  82

              	
                181552

              
	
                MP
                  83

              	
                181553

              
	
                MP
                  84

              	
                181554

              
	
                MP
                  85

              	
                181555

              
	
                MP
                  86

              	
                181556

              
	
                MP
                  87

              	
                181557

              
	
                MP
                  88

              	
                181558

              
	
                MP
                  89

              	
                181559

              
	
                MP
                  90

              	
                181560

              
	
                MP
                  91

              	
                181561

              
	
                MP
                  92

              	
                181562

              
	
                MP
                  93

              	
                181563

              
	
                MP
                  94

              	
                181564

              
	
                MP
                  95

              	
                181565

              
	
                MP
                  96

              	
                181566

              
	
                MP
                  97

              	
                181567

              
	
                MP
                  98

              	
                181568

              
	
                MP
                  99

              	
                181569

              
	
                MP
                  100

              	
                181570

              
	
                MP
                  101

              	
                181571

              
	
                MP
                  102

              	
                181572

              
	
                MP
                  103

              	
                181573

              
	
                MP
                  104

              	
                181574

              
	
                MP
                  105

              	
                181575

              
	
                MP
                  106

              	
                181576

              
	
                MP
                  107

              	
                181577

              
	
                MP
                  108

              	
                181578

              
	
                MP
                  109

              	
                181579

              
	
                MP
                  110

              	
                181580

              
	
                MP
                  111

              	
                181581

              
	
                MP
                  112

              	
                181582

              
	
                MP
                  113

              	
                181583

              
	
                MP
                  114

              	
                181584

              
	
                MP
                  115

              	
                181585

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Schedule
        A continued

      

      
        	
                
                  Claim
                    Name

                

              	
                County
                  File No. 

              
	
                MP
                  116

              	
                181586

              
	
                MP
                  117

              	
                181587

              
	
                MP
                  118

              	
                181588

              
	
                MP
                  119

              	
                181589

              
	
                MP
                  120

              	
                181590

              
	
                MP
                  121

              	
                181591

              
	
                MP
                  122

              	
                181592

              
	
                MP
                  123

              	
                181593

              
	
                MP
                  124

              	
                181594

              
	
                MP
                  125

              	
                181595

              
	
                MP
                  126

              	
                181596

              
	
                MP
                  127

              	
                181597

              
	
                MP
                  128

              	
                181598

              
	
                MP
                  129

              	
                181599

              
	
                MP
                  130

              	
                181600

              
	
                MP
                  131

              	
                181601

              
	
                MP
                  132

              	
                181602

              
	
                MP
                  133

              	
                181603

              
	
                MP
                  134

              	
                181604

              
	
                MP
                  135

              	
                181605

              
	
                MP
                  136

              	
                181606

              
	
                MP
                  137

              	
                181607

              
	
                MP
                  138

              	
                181608WARRANT
      AGREEMENT

    

    Agreement
      made as of September 4, 2007 between InterAmerican Acquisition Group Inc.,
      a
      Delaware corporation, with offices at 2918 Fifth Avenue South, Suite 209, San
      Diego, California 92103 (“Company”), and Continental Stock Transfer & Trust
      Company, a New York corporation, with offices at 17 Battery Place, New York,
      New
      York 10004 (“Warrant Agent”).

    

    WHEREAS,
      the Company is engaged in a public offering (“Public Offering”) of Units
      (“Units”) and, in connection therewith, has determined to issue and deliver up
      to 5,750,000 Warrants to the public investors, each of such Warrants evidencing
      the right of the holder thereof to purchase one share of the Company’s common
      stock, par value $.0001 per share (“Common Stock”), for $5.00, subject to
      adjustment as described herein; and

    

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission a Registration
      Statement on Form S-1, No. 333-125558 (“Registration Statement”), for the
      registration, under the Securities Act of 1933, as amended (“Act”) of, among
      other securities, the Warrants and the Common Stock issuable upon exercise
      of
      the Warrants; and

    

    WHEREAS,
      the Company desires the Warrant Agent to act on behalf of the Company, and
      the
      Warrant Agent is willing to so act, in connection with the issuance,
      registration, transfer, exchange, redemption and exercise of the Warrants;
      and

    

    WHEREAS,
      the Company desires to provide for the form and provisions of the Warrants,
      the
      terms upon which they shall be issued and exercised, and the respective rights,
      limitation of rights, and immunities of the Company, the Warrant Agent, and
      the
      holders of the Warrants; and

    

    WHEREAS,
      all acts and things have been done and performed which are necessary to make
      the
      Warrants, when executed on behalf of the Company and countersigned by or on
      behalf of the Warrant Agent, as provided herein, the valid, binding and legal
      obligations of the Company, and to authorize the execution and delivery of
      this
      Agreement.

    

    NOW,
      THEREFORE, in consideration of the mutual agreements herein contained, the
      parties hereto agree as follows:

    

    1. Appointment
      of Warrant Agent.
      The
      Company hereby appoints the Warrant Agent to act as agent for the Company for
      the Warrants, and the Warrant Agent hereby accepts such appointment and agrees
      to perform the same in accordance with the terms and conditions set forth in
      this Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2. Warrants.

    

    2.1. Form
      of Warrant.
      Each
      Warrant shall be issued in registered form only, shall be in substantially
      the
      form of Exhibit A hereto, the provisions of which are incorporated herein and
      shall be signed by, or bear the facsimile signature of, the Chairman of the
      Board or President and Treasurer, Secretary or Assistant Secretary of the
      Company and shall bear a facsimile of the Company’s seal. In the event the
      person whose facsimile signature has been placed upon any Warrant shall have
      ceased to serve in the capacity in which such person signed the Warrant before
      such Warrant is issued, it may be issued with the same effect as if he or she
      had not ceased to be such at the date of issuance.

    

    2.2. Effect
      of Countersignature.
      Unless
      and until countersigned by the Warrant Agent pursuant to this Agreement, a
      Warrant shall be invalid and of no effect and may not be exercised by the holder
      thereof.

    

    2.3. Registration.
      

    

    2.3.1. Warrant
      Register.
      The
      Warrant Agent shall maintain books (“Warrant Register”), for the registration of
      original issuance and the registration of transfer of the Warrants. Upon the
      initial issuance of the Warrants, the Warrant Agent shall issue and register
      the
      Warrants in the names of the respective holders thereof in such denominations
      and otherwise in accordance with instructions delivered to the Warrant Agent
      by
      the Company.

    

    2.3.2. Registered
      Holder.
      Prior
      to due presentment for registration of transfer of any Warrant, the Company
      and
      the Warrant Agent may deem and treat the person in whose name such Warrant
      shall
      be registered upon the Warrant Register (“registered holder”), as the absolute
      owner of such Warrant and of each Warrant represented thereby (notwithstanding
      any notation of ownership or other writing on the Warrant Certificate made
      by
      anyone other than the Company or the Warrant Agent), for the purpose of any
      exercise thereof, and for all other purposes, and neither the Company nor the
      Warrant Agent shall be affected by any notice to the contrary.

    

    2.4. Detachability
      of Warrants.
      The
      securities comprising the Units will not be separately transferable until 90
      days after the date hereof unless Chardan Capital Markets, LLC (“Chardan”)
      informs the Company of its decision to allow earlier separate trading, but
      in no
      event will Chardan allow separate trading of the securities comprising the
      Units
      until the Company files a Current Report on Form 8-K which includes an audited
      balance sheet reflecting the receipt by the Company of the gross proceeds of
      the
      Public Offering including the proceeds received by the Company from the exercise
      of the Underwriter’s over-allotment option, if the over-allotment option is
      exercised prior to the filing of the Form 8-K. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3. Terms
      and Exercise of Warrants.

    

    3.1. Warrant
      Price.
      Each
      Warrant shall, when countersigned by the Warrant Agent, entitle the registered
      holder thereof, subject to the provisions of such Warrant and of this Warrant
      Agreement, to purchase from the Company the number of shares of Common Stock
      stated therein, at the price of $5.00 per whole share, subject to the
      adjustments provided in Section 4 hereof and in the last sentence of this
      Section 3.1. The term “Warrant Price” as used in this Warrant Agreement refers
      to the price per share at which Common Stock may be purchased at the time a
      Warrant is exercised. The Company in its sole discretion may lower the Warrant
      Price at any time prior to the Expiration Date. 

    

    3.2. Duration
      of Warrants.
      A
      Warrant may be exercised only during the period (“Exercise Period”) commencing
      on the later of (i) the consummation by the Company of a merger,
      capital stock exchange, asset acquisition or other similar business combination
      (“Business
      Combination”) (as described more fully in the Company’s Registration Statement)
      and (ii) September 4, 2008, and terminating at 5:00 p.m., New York City time
      on
      the earlier to occur of (i)  September 4, 2011 or (ii) the date fixed
      for redemption of the Warrants as provided in Section 6 of this Agreement
      (“Expiration Date”). Except with respect to the right to receive the Redemption
      Price (as set forth in Section 6 hereunder), each Warrant not exercised on
      or
      before the Expiration Date shall become void, and all rights thereunder and
      all
      rights in respect thereof under this Agreement shall cease at the close of
      business on the Expiration Date. The Company in its sole discretion may extend
      the duration of the Warrants by delaying the Expiration Date. Notwithstanding
      the foregoing, a warrant may expire unexercised regardless of whether a
      registration statement covering the sale of the common stock underlying the
      Warrants is effective.

    

    3.3. Exercise
      of Warrants.

    

    3.3.1. Payment.
      Subject
      to the provisions of the Warrant and this Warrant Agreement, a Warrant, when
      countersigned by the Warrant Agent, may be exercised by the registered holder
      thereof by surrendering it, at the office of the Warrant Agent, or at the office
      of its successor as Warrant Agent, in the Borough of Manhattan, City and State
      of New York, with the subscription form, as set forth in the Warrant, duly
      executed, and by paying in full, in lawful money of the United States, in cash,
      good certified check or good bank draft payable to the order of the Company
      (or
      as otherwise agreed to by the Company), the Warrant Price for each full share
      of
      Common Stock as to which the Warrant is exercised and any and all applicable
      taxes due in connection with the exercise of the Warrant, the exchange of the
      Warrant for the Common Stock, and the issuance of the Common
      Stock.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3.3.2. Issuance
      of Certificates.
      As soon
      as practicable after the exercise of any Warrant and the clearance of the funds
      in payment of the Warrant Price, the Company shall issue to the registered
      holder of such Warrant a certificate or certificates for the number of full
      shares of Common Stock to which he is entitled, registered in such name or
      names
      as may be directed by him, her or it, and if such Warrant shall not have been
      exercised in full, a new countersigned Warrant for the number of shares as
      to
      which such Warrant shall not have been exercised. Notwithstanding the foregoing,
      the Company shall not be obligated to deliver any securities pursuant to the
      exercise of a Warrant unless (i) a registration statement under the Act with
      respect to the Common Stock issuable upon such exercise is effective, or (ii)
      in
      the opinion of counsel to the Company, the exercise of the Warrants is exempt
      from the registration requirements of the Act and such securities are qualified
      for sale or exempt from qualification under applicable securities laws of the
      states or other jurisdictions in which the registered holders reside. Warrants
      may not be exercised by, or securities issued to, any registered holder in
      any
      state in which such exercise or issuance would be unlawful. In no event will
      the
      registered holder of a Warrant be entitled to receive a net-cash settlement,
      shares of Common Stock or other consideration in lieu of physical settlement
      in
      shares of Common Stock, regardless of whether the Common Stock underlying the
      Warrants is registered pursuant to an effective registration
      statement.

    

    3.3.3. Valid
      Issuance.
      All
      shares of Common Stock issued upon the proper exercise of a Warrant in
      conformity with this Agreement shall be validly issued, fully paid and
      nonassessable.

    

    3.3.4. Date
      of Issuance.
      Each
      person in whose name any such certificate for shares of Common Stock is issued
      shall for all purposes be deemed to have become the holder of record of such
      shares on the date on which the Warrant was surrendered and payment of the
      Warrant Price was made, irrespective of the date of delivery of such
      certificate, except that, if the date of such surrender and payment is a date
      when the stock transfer books of the Company are closed, such person shall
      be
      deemed to have become the holder of such shares at the close of business on
      the
      next succeeding date on which the stock transfer books are
      open.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3.3.5. Warrant
      Solicitation and Warrant Solicitation Fee.

     

    (a) The
      Company has engaged Chardan, on a non-exclusive basis, as its agent for the
      solicitation of the exercise of the Warrants.  The Company, at its cost,
      will (i) assist Chardan with respect to such solicitation, if requested by
      Chardan, and (ii) provide Chardan, and direct the Company’s transfer agent and
      the Warrant Agent to deliver to Chardan, lists of the record and, to the extent
      known, beneficial owners of the Company’s Warrants.  The Company hereby
      instructs the Warrant Agent to cooperate with Chardan in every respect in
      connection with Chardan’s solicitation activities, including, but not limited
      to, providing to Chardan, at the Company’s cost, a list of record and beneficial
      holders of the Warrants and circulating a prospectus or offering circular
      disclosing the compensation arrangements referenced in Section 3.3.5(b)
      below to holders of the Warrants at the time of exercise of the Warrants. 
In addition to the conditions set forth in Section 3.3.5(b), Chardan shall
      accept payment of the warrant solicitation fee provided in Section 3.3.5(b)
      only if it has provided bona fide services to the Company in connection with
      the
      exercise of the Warrants and only to the extent that an investor who exercises
      his Warrants specifically designates, in writing, that Chardan solicited his
      exercise.  In addition to soliciting, either orally or in writing, the
      exercise of Warrants by a Warrant holder, such services may also include
      disseminating information provided by the Company, either orally or in writing,
      to Warrant holders about the Company or the market for the Company’s securities,
      or assisting in the processing of the exercise of Warrants.

    

    (b) In
      each
      instance in which a Warrant is exercised, the Warrant Agent shall promptly
      give
      written notice of such exercise to the Company and Chardan (“Warrant Agent’s
      Exercise Notice”).  If, upon the exercise of any Warrant more than one year
      from the effective date of the Registration Statement, (i) the market price
      of the Company’s Common Stock is greater than the Warrant Price, (ii) disclosure
      of compensation arrangements between the Company and Chardan with respect to
      the
      solicitation of the exercise of the Warrants was made both at the time of the
      Public Offering and at the time of exercise (by delivery of a prospectus or
      as
      otherwise required by applicable law, rule or regulation), (iii) the holder
      of
      the Warrant confirms in writing that the exercise of the Warrant was solicited
      by Chardan, (iv) the Warrant was not held in a discretionary account, and (v)
      the solicitation of the exercise of the Warrant was not in violation of
      Regulation M (as such rule or any successor rule may be in effect as of such
      time of exercise) promulgated under the Securities Exchange Act of 1934, as
      amended, then the Warrant Agent, simultaneously with the distribution of the
      Common Stock underlying the Warrants so exercised in accordance with the
      instructions from the Company following receipt of the proceeds to the Company
      received upon exercise of such Warrant(s), shall, on behalf of the Company,
      pay
      a fee of 5% of the Warrant Price to Chardan, provided that Chardan delivers
      to
      the Warrant Agent within ten (10) business days from the date on which Chardan
      has received the Warrant Agent’s Exercise Notice, a certificate that the
      conditions set forth in the preceding clauses (iii), (iv) and (v) have been
      satisfied.  Notwithstanding the foregoing, no fee will be paid to Chardan
      with respect to the exercise by the Underwriters or their affiliates or the
      Company’s officers or directors of Warrants purchased by it or them and still
      held by them for its or their own account.  Chardan and the Company may at
      any time during business hours, examine the records of the Warrant Agent,
      including its ledger of original Warrant certificates returned to the Warrant
      Agent upon exercise of Warrants.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (c) The
      provisions of this Section 3.3.5. may not be modified, amended or deleted
      without the prior written consent of Chardan.

    

    4. Adjustments.

    

    4.1. Stock
      Dividends - Split-Ups.
      If
      after the date hereof, and subject to the provisions of Section 4.6 below,
      the
      number of outstanding shares of Common Stock is increased by a stock dividend
      payable in shares of Common Stock, or by a split-up of shares of Common Stock,
      or other similar event, then, on the effective date of such stock dividend,
      split-up or similar event, the number of shares of Common Stock issuable on
      exercise of each Warrant shall be increased in proportion to such increase
      in
      outstanding shares of Common Stock.

    

    4.2. Aggregation
      of Shares.
      If
      after the date hereof, and subject to the provisions of Section 4.6, the
      number of outstanding shares of Common Stock is decreased by a consolidation,
      combination, reverse stock split or reclassification of shares of Common Stock
      or other similar event, then, on the effective date of such consolidation,
      combination, reverse stock split, reclassification or similar event, the number
      of shares of Common Stock issuable on exercise of each Warrant shall be
      decreased in proportion to such decrease in outstanding shares of Common
      Stock.

    

    4.3 Adjustments
      in Exercise Price.
      Whenever the number of shares of Common Stock purchasable upon the exercise
      of
      the Warrants is adjusted, as provided in Section 4.1 and 4.2 above, the Warrant
      Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price
      immediately prior to such adjustment by a fraction (x) the numerator of which
      shall be the number of shares of Common Stock purchasable upon the exercise
      of
      the Warrants immediately prior to such adjustment, and (y) the denominator
      of
      which shall be the number of shares of Common Stock so purchasable immediately
      thereafter.

    

    4.4. Replacement
      of Securities upon Reorganization, etc.
      In case
      of any reclassification or reorganization of the outstanding shares of Common
      Stock (other than a change covered by Section 4.1 or 4.2 hereof or that
      solely affects the par value of such shares of Common Stock), or in the case
      of
      any merger or consolidation of the Company with or into another corporation
      (other than a consolidation or merger in which the Company is the continuing
      corporation and that does not result in any reclassification or reorganization
      of the outstanding shares of Common Stock), or in the case of any sale or
      conveyance to another corporation or entity of the assets or other property
      of
      the Company as an entirety or substantially as an entirety in connection with
      which the Company is dissolved, the Warrant holders shall thereafter have the
      right to purchase and receive, upon the basis and upon the terms and conditions
      specified in the Warrants and in lieu of the shares of Common Stock of the
      Company immediately theretofore purchasable and receivable upon the exercise
      of
      the rights represented thereby, the kind and amount of shares of stock or other
      securities or property (including cash) receivable upon such reclassification,
      reorganization, merger or consolidation, or upon a dissolution following any
      such sale or transfer, that the Warrant holder would have received if such
      Warrant holder had exercised his, her or its Warrant(s) immediately prior to
      such event; and if any reclassification also results in a change in shares
      of
      Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be
      made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The
      provisions of this Section 4.4 shall similarly apply to successive
      reclassifications, reorganizations, mergers or consolidations, sales or other
      transfers.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    4.5. Notices
      of Changes in Warrant.
      Upon
      every adjustment of the Warrant Price or the number of shares issuable upon
      exercise of a Warrant, the Company shall give written notice thereof to the
      Warrant Agent, which notice shall state the Warrant Price resulting from such
      adjustment and the increase or decrease, if any, in the number of shares
      purchasable at such price upon the exercise of a Warrant, setting forth in
      reasonable detail the method of calculation and the facts upon which such
      calculation is based. Upon the occurrence of any event specified in Sections
      4.1, 4.2, 4.3 or 4.4, then, in any such event, the Company shall give written
      notice to each Warrant holder, at the last address set forth for such holder
      in
      the warrant register, of the record date or the effective date of the event.
      Failure to give such notice, or any defect therein, shall not affect the
      legality or validity of such event.

    

    4.6. No
      Fractional Shares.
      Notwithstanding any provision contained in this Warrant Agreement to the
      contrary, the Company shall not issue fractional shares upon exercise of
      Warrants. If, by reason of any adjustment made pursuant to this Section 4,
      the holder of any Warrant would be entitled, upon the exercise of such Warrant,
      to receive a fractional interest in a share, the Company shall, upon such
      exercise, round up to the nearest whole number the number of the shares of
      Common Stock to be issued to the Warrant holder.

    

    4.7. Form
      of Warrant.
      The
      form of Warrant need not be changed because of any adjustment pursuant to this
      Section 4, and Warrants issued after such adjustment may state the same Warrant
      Price and the same number of shares as is stated in the Warrants initially
      issued pursuant to this Agreement. However, the Company may at any time in
      its
      sole discretion make any change in the form of Warrant that the Company may
      deem
      appropriate and that does not affect the substance thereof, and any Warrant
      thereafter issued or countersigned, whether in exchange or substitution for
      an
      outstanding Warrant or otherwise, may be in the form as so
      changed.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5. Transfer
      and Exchange of Warrants.

    

    5.1. Registration
      of Transfer.
      The
      Warrant Agent shall register the transfer, from time to time, of any outstanding
      Warrant upon the Warrant Register, upon surrender of such Warrant for transfer,
      properly endorsed with signatures properly guaranteed and accompanied by
      appropriate instructions for transfer. Upon any such transfer, a new Warrant
      representing an equal aggregate number of Warrants shall be issued and the
      old
      Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled
      shall
      be delivered by the Warrant Agent to the Company from time to time upon
      request.

    

    5.2. Procedure
      for Surrender of Warrants.
      Warrants may be surrendered to the Warrant Agent, together with a written
      request for exchange or transfer, and thereupon the Warrant Agent shall issue
      in
      exchange therefor one or more new Warrants as requested by the registered holder
      of the Warrants so surrendered, representing an equal aggregate number of
      Warrants; provided, however, that in the event that a Warrant surrendered for
      transfer bears a restrictive legend, the Warrant Agent shall not cancel such
      Warrant and issue new Warrants in exchange therefor until the Warrant Agent
      has
      received an opinion of counsel for the Company stating that such transfer may
      be
      made and indicating whether the new Warrants must also bear a restrictive
      legend.

    

    5.3. Fractional
      Warrants.
      The
      Warrant Agent shall not be required to effect any registration of transfer
      or
      exchange which will result in the issuance of a warrant certificate for a
      fraction of a warrant.

    

    5.4. Service
      Charges.
      No
      service charge shall be made for any exchange or registration of transfer of
      Warrants.

    

    5.5. Warrant
      Execution and Countersignature.
      The
      Warrant Agent is hereby authorized to countersign and to deliver, in accordance
      with the terms of this Agreement, the Warrants required to be issued pursuant
      to
      the provisions of this Section 5, and the Company, whenever required by the
      Warrant Agent, will supply the Warrant Agent with Warrants duly executed on
      behalf of the Company for such purpose. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    6. Redemption.

    

    6.1. Redemption.
      Subject
      to Section 6.4 hereof, not
      less
      than all of the outstanding Warrants
      may be redeemed, at the option of the Company, at any time after they become
      exercisable and prior to their expiration, at the office of the Warrant Agent,
      upon the notice referred to in Section 6.2, at the price of $.01 per
      Warrant (“Redemption Price”), provided that the last sales price of the Common
      Stock has been at least $10.00 per share, on each of twenty (20) trading days
      within any thirty (30) trading day period ending on the third business day
      prior
      to the date on which notice of redemption is given. Notwithstanding the
      foregoing, the registration statement must be current for the Company to
      exercise its redemption rights pursuant to this Section 6. The provisions of
      this Section 6.1 may not be modified, amended or deleted without the prior
      written consent of Chardan.

    

    6.2. Date
      Fixed for, and Notice of, Redemption.
      In the
      event the Company shall elect to redeem all of the Warrants, the Company shall
      fix a date for the redemption. Notice of redemption shall be mailed by first
      class mail, postage prepaid, by the Company not less than 30 days prior to
      the
      date fixed for redemption to the registered holders of the Warrants to be
      redeemed at their last addresses as they shall appear on the registration books.
      Any notice mailed in the manner herein provided shall be conclusively presumed
      to have been duly given whether or not the registered holder received such
      notice.

    

    6.3. Exercise
      After Notice of Redemption.
      The
      Warrants may be exercised, for cash (or on a “cashless basis” in accordance with
      Section 3 of this Agreement with respect to any of the Company’s initial
      stockholders) at any time after notice of redemption shall have been given
      by
      the Company pursuant to Section 6.2 hereof and prior to the time and date fixed
      for redemption. On and after the redemption date, the record holder of the
      Warrants shall have no further rights except to receive, upon surrender of
      the
      Warrants, the Redemption Price.

    

    6.4 Outstanding
      Warrants Only.
      The
      Company understands that the redemption rights provided for by this Section
      6
      apply only to outstanding Warrants. To the extent a person holds rights to
      purchase Warrants, such purchase rights shall not be extinguished by redemption.
      However, once such purchase rights are exercised, the Company may redeem the
      Warrants issued upon such exercise provided that the criteria for redemption
      is
      met. The provisions of this Section 6.4 may not be modified, amended or deleted
      without the prior written consent of Chardan.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    7. Other
      Provisions Relating to Rights of Holders of Warrants.

    

    7.1. No
      Rights as Stockholder.
      A
      Warrant does not entitle the registered holder thereof to any of the rights
      of a
      stockholder of the Company, including, without limitation, the right to receive
      dividends, or other distributions, exercise any preemptive rights to vote or
      to
      consent or to receive notice as stockholders in respect of the meetings of
      stockholders or the election of directors of the Company or any other
      matter.

    

    7.2. Lost,
      Stolen, Mutilated, or Destroyed Warrants.
      If any
      Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant
      Agent may on such terms as to indemnity or otherwise as they may in their
      discretion impose (which shall, in the case of a mutilated Warrant, include
      the
      surrender thereof), issue a new Warrant of like denomination, tenor, and date
      as
      the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant
      shall
      constitute a substitute contractual obligation of the Company, whether or not
      the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any
      time
      enforceable by anyone.

    

    7.3. Reservation
      of Common Stock.
      The
      Company shall at all times reserve and keep available a number of its authorized
      but unissued shares of Common Stock that will be sufficient to permit the
      exercise in full of all outstanding Warrants issued pursuant to this
      Agreement.

    

    7.4. Registration
      of Common Stock.
      The
      Company agrees that prior to the commencement of the Exercise Period, it shall
      file with the Securities and Exchange Commission a post-effective amendment
      to
      the Registration Statement, or a new registration statement, for the
      registration, under the Act, of, and it shall take such action as is necessary
      to qualify for sale, in those states in which the Warrants were initially
      offered by the Company, the Common Stock issuable upon exercise of the Warrants.
      In either case, the Company will use its best efforts to cause the same to
      become effective and to maintain the effectiveness of such registration
      statement until the expiration of the Warrants in accordance with the provisions
      of this Agreement. In addition, the Company agrees to use its reasonable efforts
      to register such securities under the blue sky laws of the states of residence
      of exercising warrant holders, if permitted by the blue sky laws of such
      jurisdiction, in the event that an exemption is not available. The provisions
      of
      this Section 7.4 may not be modified, amended or deleted without the prior
      written consent of Chardan. Notwithstanding the foregoing, a Warrant may expire
      worthless regardless of whether a registration statement is current under the
      Act with respect to the Common Stock issuable upon exercise of the Warrants
      in
      the event that such Warrant remains unexercised or such underlying shares are
      not registered under the blue sky laws of the states of residence of the warrant
      holders. In no event will the registered holder of a warrant be entitled to
      receive a net-cash settlement, shares of Common Stock or other consideration
      in
      lieu of physical settlement in shares of Common Stock, regardless of whether
      Company complies with this Section 7.4.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    8. Concerning
      the Warrant Agent and Other Matters.

    

    8.1. Payment
      of Taxes.
      The
      Company will from time to time promptly pay all taxes and charges that may
      be
      imposed upon the Company or the Warrant Agent in respect of the issuance or
      delivery of shares of Common Stock upon the exercise of Warrants, but the
      Company shall not be obligated to pay any transfer taxes in respect of the
      Warrants or such shares.

    

    8.2. Resignation,
      Consolidation, or Merger of Warrant Agent.

    

    8.2.1. Appointment
      of Successor Warrant Agent.
      The
      Warrant Agent, or any successor to it hereafter appointed, may resign its duties
      and be discharged from all further duties and liabilities hereunder after giving
      sixty (60) days’ notice in writing to the Company. If the office of the Warrant
      Agent becomes vacant by resignation or incapacity to act or otherwise, the
      Company shall appoint in writing a successor Warrant Agent in place of the
      Warrant Agent. If the Company shall fail to make such appointment within a
      period of 30 days after it has been notified in writing of such resignation
      or
      incapacity by the Warrant Agent or by the holder of the Warrant (who shall,
      with
      such notice, submit his Warrant for inspection by the Company), then the holder
      of any Warrant may apply to the Supreme Court of the State of New York for
      the
      County of New York for the appointment of a successor Warrant Agent at the
      Company’s cost. Any successor Warrant Agent, whether appointed by the Company or
      by such court, shall be a corporation organized and existing under the laws
      of
      the State of New York, in good standing and having its principal office in
      the
      Borough of Manhattan, City and State of New York, and authorized under such
      laws
      to exercise corporate trust powers and subject to supervision or examination
      by
      federal or state authority. After appointment, any successor Warrant Agent
      shall
      be vested with all the authority, powers, rights, immunities, duties, and
      obligations of its predecessor Warrant Agent with like effect as if originally
      named as Warrant Agent hereunder, without any further act or deed; but if for
      any reason it becomes necessary or appropriate, the predecessor Warrant Agent
      shall execute and deliver, at the expense of the Company, an instrument
      transferring to such successor Warrant Agent all the authority, powers, and
      rights of such predecessor Warrant Agent hereunder; and upon request of any
      successor Warrant Agent the Company shall make, execute, acknowledge, and
      deliver any and all instruments in writing for more fully and effectually
      vesting in and confirming to such successor Warrant Agent all such authority,
      powers, rights, immunities, duties, and obligations.

    

    8.2.2. Notice
      of Successor Warrant Agent.
      In the
      event a successor Warrant Agent shall be appointed, the Company shall give
      notice thereof to the predecessor Warrant Agent and the transfer agent for
      the
      Common Stock not later than the effective date of any such
      appointment.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    8.2.3. Merger
      or Consolidation of Warrant Agent.
      Any
      corporation into which the Warrant Agent may be merged or with which it may
      be
      consolidated or any corporation resulting from any merger or consolidation
      to
      which the Warrant Agent shall be a party shall be the successor Warrant Agent
      under this Agreement without any further act.

    

    8.3. Fees
      and Expenses of Warrant Agent.

    

    8.3.1. Remuneration.
      The
      Company agrees to pay the Warrant Agent reasonable remuneration for its services
      as such Warrant Agent hereunder and will reimburse the Warrant Agent upon demand
      for all expenditures that the Warrant Agent may reasonably incur in the
      execution of its duties hereunder.

    

    8.3.2. Further
      Assurances.
      The
      Company agrees to perform, execute, acknowledge, and deliver or cause to be
      performed, executed, acknowledged, and delivered all such further and other
      acts, instruments, and assurances as may reasonably be required by the Warrant
      Agent for the carrying out or performing of the provisions of this
      Agreement.

    

    8.4. Liability
      of Warrant Agent.

    

    8.4.1. Reliance
      on Company Statement.
      Whenever in the performance of its duties under this Warrant Agreement, the
      Warrant Agent shall deem it necessary or desirable that any fact or matter
      be
      proved or established by the Company prior to taking or suffering any action
      hereunder, such fact or matter (unless other evidence in respect thereof be
      herein specifically prescribed) may be deemed to be conclusively proved and
      established by a statement signed by the President or Chairman of the Board
      of
      the Company and delivered to the Warrant Agent. The Warrant Agent may rely
      upon
      such statement for any action taken or suffered in good faith by it pursuant
      to
      the provisions of this Agreement.

    

    8.4.2. Indemnity.
      The
      Warrant Agent shall be liable hereunder only for its own negligence, willful
      misconduct or bad faith. The Company agrees to indemnify the Warrant Agent
      and
      save it harmless against any and all liabilities, including judgments, costs
      and
      reasonable counsel fees, for anything done or omitted by the Warrant Agent
      in
      the execution of this Agreement except as a result of the Warrant Agent’s
      negligence, willful misconduct, or bad faith.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    8.4.3. Exclusions.
      The
      Warrant Agent shall have no responsibility with respect to the validity of
      this
      Agreement or with respect to the validity or execution of any Warrant (except
      its countersignature thereof); nor shall it be responsible for any breach by
      the
      Company of any covenant or condition contained in this Agreement or in any
      Warrant; nor shall it be responsible to make any adjustments required under
      the
      provisions of Section 4 hereof or responsible for the manner, method, or amount
      of any such adjustment or the ascertaining of the existence of facts that would
      require any such adjustment; nor shall it by any act hereunder be deemed to
      make
      any representation or warranty as to the authorization or reservation of any
      shares of Common Stock to be issued pursuant to this Agreement or any Warrant
      or
      as to whether any shares of Common Stock will when issued be valid and fully
      paid and nonassessable. 

    

    8.5. Acceptance
      of Agency.
      The
      Warrant Agent hereby accepts the agency established by this Agreement and agrees
      to perform the same upon the terms and conditions herein set forth and among
      other things, shall account promptly to the Company with respect to Warrants
      exercised and concurrently account for, and pay to the Company, all moneys
      received by the Warrant Agent for the purchase of shares of Common Stock through
      the exercise of Warrants.

    

    9. Miscellaneous
      Provisions.

    

    9.1. Successors.
      All the
      covenants and provisions of this Agreement by or for the benefit of the Company
      or the Warrant Agent shall bind and inure to the benefit of their respective
      successors and assigns.

    

    9.2. Notices.
      Any
      notice, statement or demand authorized by this Warrant Agreement to be given
      or
      made by the Warrant Agent or by the holder of any Warrant to or on the Company
      shall be sufficiently given when so delivered if by hand or overnight delivery
      or if sent by certified mail or private courier service within five days after
      deposit of such notice, postage prepaid, addressed (until another address is
      filed in writing by the Company with the Warrant Agent), as
      follows:

    

    
      	 	 	 	
              InterAmerican
                Acquisition
                Group Inc. 

            

    

    2918
      Fifth Avenue South, Suite 209

    San
      Diego, California 92103

    Attn: William
      C. Morro, Chief Executive Officer

    

    Any
      notice, statement or demand authorized by this Agreement to be given or made
      by
      the holder of any Warrant or by the Company to or on the Warrant Agent shall
      be
      sufficiently given when so delivered if by hand or overnight delivery or if
      sent
      by certified mail or private courier service within five days after deposit
      of
      such notice, postage prepaid, addressed (until another address is filed in
      writing by the Warrant Agent with the Company), as follows:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 	 	 	
              Continental
                Stock Transfer & Trust Company 

            

    

    17
      Battery Place

    
      	 	 	 	
              New
                York, New York 10004

            

    

    Attn: Compliance
      Department

    

    with
      a
      copy in each case to:

    

    Kramer
      Levin Naftalis & Frankel LLP

    1177
      Avenue of the Americas

    New
      York,
      New York 10036

    Attn:
       Christopher
      S. Auguste, Esq.

    

    and

    

    Loeb
      & Loeb LLP

    345
      Park
      Avenue

    New
      York,
      New York 10154

    Attention:
      Mitchell S. Nussbaum, Esq.

    

    and

    

    Chardan
      Capital Markets, LLC

    17
      State
      Street, Suite 1610

    New
      York,
      N.Y. 10004

    Attn: George
      Kaufman

    

    9.3. Applicable
      law.
      The
      validity, interpretation, and performance of this Agreement and of the Warrants
      shall be governed in all respects by the laws of the State of New York, without
      giving effect to conflicts of law principles that would result in the
      application of the substantive laws of another jurisdiction. The
      Company hereby agrees that any action, proceeding or claim against it arising
      out of or relating in any way to this Agreement shall be brought and enforced
      in
      the courts of the State of New York or the United States District Court for
      the
      Southern District of New York, and irrevocably submits to such jurisdiction,
      which jurisdiction shall be exclusive. The Company hereby waives any objection
      to such exclusive jurisdiction and that such courts represent an inconvenience
      forum. Any such process or summons to be served upon the Company may be served
      by transmitting a copy thereof by registered or certified mail, return receipt
      requested, postage prepaid, addressed to it at the address set forth in Section
      9.2 hereof. Such mailing shall be deemed personal service and shall be legal
      and
      binding upon the Company in any action, proceeding or claim.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    9.4. Persons
      Having Rights under this Agreement.
      Nothing
      in this Agreement expressed and nothing that may be implied from any of the
      provisions hereof is intended, or shall be construed, to confer upon, or give
      to, any person or corporation other than the parties hereto and the registered
      holders of the Warrants and, for the purposes of Sections 6.1, 6.4, 7.4 and
      9.2 hereof, Chardan, any right, remedy, or claim under or by reason of this
      Warrant Agreement or of any covenant, condition, stipulation, promise, or
      agreement hereof. Chardan shall be deemed to be a third-party beneficiary of
      this Agreement with respect to Sections 6.1, 6.4, 7.4 and 9.2 hereof. All
      covenants, conditions, stipulations, promises, and agreements contained in
      this
      Warrant Agreement shall be for the sole and exclusive benefit of the parties
      hereto (and Chardan with respect to the Sections 6.1, 6.4, 7.4 and 9.2 hereof)
      and their successors and assigns and of the registered holders of the
      Warrants.

     

    9.5. Examination
      of the Warrant Agreement.
      A copy
      of this Agreement shall be available at all reasonable times at the office
      of
      the Warrant Agent in the Borough of Manhattan, City and State of New York,
      for
      inspection by the registered holder of any Warrant. The Warrant Agent may
      require any such holder to submit his Warrant for inspection by it.

    

    9.6. Counterparts.
      This
      Agreement may be executed in any number of counterparts and each of such
      counterparts shall for all purposes be deemed to be an original, and all such
      counterparts shall together constitute but one and the same
      instrument.

    

    9.7. Effect
      of Headings.
      The
      Section headings herein are for convenience only and are not part of this
      Warrant Agreement and shall not affect the interpretation
      thereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto
      as
      of the day and year first above written.

     

    
      	
              Attest:

            	 	INTERAMERICAN
              ACQUISITION GROUP INC.
	 	 	 	 
	 	 	 	 
	    
	 	
              By:

            	
                  
                

            
	 	 	
               

            	
              Name:
                William C. Morro 

            
	 	 	 	
              Title:
                Chairman and Chief Executive Officer

            
	 	 	 	 
	 	 	 	 
	
              Attest:

            	 	CONTINENTAL
              STOCK TRANSFER 
	 	 	
               &
                TRUST COMPANY

            
	 	 	 	 
	 	 	 	 
	    
	 	
              By:

            	
                       
                

            
	 	 	 	
              Name:

            
	 	 	 	
              Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]