Document:

ex104.htm

    MEXUS
GOLD U.S.

    1805 N.
Carson Street

    Box
150

    Carson
City, Nevada 89701

    

    October
20, 2009

    

    

    Mexus
Gold Mining, S.A. de C.V.

    Jose S.
Healy 271-A Entre 14 de Abril y Monteverde

    Colonai
Balderrama

    Herrmosillo,
Sonora 83180

    Mexico

    

    Mexus
Mineral Exploration U.S.

    1805 N.
Carson Street

    Box
150

    Carson
City, Nevada 89701

    

    Re:  Agreement
for the Option to Purchase Shares of Mexus Gold Mining, S.A. de C.V. and
Liquidation of Debt

    

    Gentlemen:

    

    This
letter when executed by you will evidence our mutual agreement that Mexus Gold
U.S. has the option, at its sole discretion and subject to the satisfaction of
the conditions set forth in this letter, to acquire shares of Mexus Gold Mining,
S.A. de C.V. representing ninety-nine percent of the issued and outstanding
shares of Mexus Gold Mining, S.A. de C.V. in exchange for forty million
restricted shares of Mexus U.S. common stock, being twenty million restricted
shares of Mexus Gold U.S. common stock for the option to purchase and twenty
million shares of restricted shares of Mexus Gold U.S. common stock for the
exercise of the Option to Purchase Shares of Mexus Gold Mining, S.A. de
C.V.

     
 

    It is our
understanding the terms, conditions, covenants and other provisions of our
agreement are as follows:

    

    Mexus
Gold Mining, S.A. de C.V. represents that it owns or has claim to certain lands
which are either patented land ownership or concession agreements in the State
of Sonora, Mexico, to which Exhibit “A” is a listing of those lands with further
description.

    

    Inasmuch
as Mexus Gold Mining, S.A. de C.V. has incurred debt payable to Mexus Mineral
Exploration U.S. during the course of its exploration and evaluation of the
lands described in Exhibit “A” and that Mexus Gold Mining, S.A. de C.V. desires
to liquidate the debt payable to Mexus Minerial Exploration U.S.

     

    Therefore,
our understanding of the agreement is as follows:

    

    
      	
              1.  

            	
              Mexus
      Gold Mining, S.A. de C.V. grants to Mexus Gold  U.S. an option
      to purchase ninety-nine percent of the authorized and issued common stock
      of Mexus Gold Mining, S.A. de C.V.  The option price shall be
      twenty million restricted shares of Mexus Gold U.S. common stock which
      will be paid under the terms of Item 3.
below.

            

    

    
      	
              2.  

            	
              The
      Option Period will be for a period of time expiring one hundred eighty
      days from the date of acceptance of this letter by Mexus Gold Mining, S.A.
      de C.V. provided, however, Mexus Gold U. S. may extend the Option Period
      for such additional time as may be necessary to allow Mexus Gold Mining,
      S.A. de C.V. to use commercially reasonable best efforts to timely satisfy
      the conditions provided in this
letter.

            

    

    
      	
              3.  

            	
              Mexus
      Mineral Exploration U.S. will assign its right, title and interest in the
      debt now outstanding and payable to Mexus Mineral Exploration U.S. by
      Mexus Gold Mining,S.A. de C.V. to Mexus Gold U.S. on the issuance of
      twenty million restricted shares of Mexus Gold U.S. common stock to Mexus
      Mineral Exploration U.S. The issuance of restricted shares of Mexus Gold
      U.S. common shares under this provision represents full satisfaction of
      the obligation described in Item 1.

            

    

    
      	
              4.  

            	
              Mexus
      Gold Mining, S.A. de C.V. owns equipment suitable for exploring for
      precious mineral deposits or extracting and processing mineral ores for
      the purpose of sale of such refined product, Exhibit “B” further describes
      the equipment.  Mexus Gold Mining, S.A. de C.V. agrees to
      maintain the equipment listed on Exhibit “B” in good working order and
      free of any lien, assessment or claim of indebtedness of any kind or
      nature.

            

    

    
      	
              5.  

            	
              That
      Mexus Gold Mining, S.A. de C.V. will cause using commercially reasonable
      best efforts timely an examination of its financial records and accounts
      for the purpose of obtaining an opinion of its financial statements by
      public accountants acceptable to the standards required for financial
      reporting purposes in the United States of
  America.

            

    

    
      	
              6.  

            	
              Subject
      to the financial report presented by Mexus Gold Mining, S.A. de C.V. to
      Mexus Gold U.S. closing of the Option Period will
      commence.   Mexus Gold U.S. agrees to issue to Mexus Gold
      Mining, S.A. de C.V. twenty million restricted shares of the Company’s
      common stock in exchange for ninety-nine percent of the issued and
      outstanding shares of Mexus Gold Mining, S.A. de
  C.V.

            

    

    

    

    If this
letter describes your understanding of our agreement please indicate your
approval by signing in the space provided below and return one copy of this
letter to us.

    

    Sincerely,

    Mexus
Gold U.S.

    

    /s/ Paul D. Thompson

    _________________________

    Paul D.
Thompson, Chairman of the Board of Directors

    

    

    Agreed to
and accepted this 20th day
of October, 2009:

    Mexus
Gold Mining, S.A. de C.V.

    

    /s/ Paul
D. Thompson

    _________________________

    Paul D.
Thompson, Authorized Representative

    

    Agreed to
and accepted this 20th day of October, 2009:

    Mexus
Mineral Exploration U.S.

    

    /s/ Paul
D. Thompson

    _________________________

    Paul D.
Thompson, Authorized RepresentativeSixth Amendment - Sienna Bay

Exhibit 10.92

 

SEVENTH AMENDMENT TO PURCHASE AND SALE CONTRACT
 FOR
SIENNA BAY

 

           
This Seventh Amendment to Purchase and Sale Contract (this
“Amendment”) is made as of January 8, 2010 between CCIP/3 SANDPIPER,
LLC, a Delaware limited liability company ("Seller") and DT GROUP
DEVELOPMENT, INC., a California Corporation (“Purchaser”).

W I T N E S S E T H:

           
WHEREAS, Seller and Purchaser entered into that certain Purchase and Sale
Contract, dated as of August 14, 2009, as amended by (i) First Amendment to
Purchase and Sale Contract for Sienna Bay dated as of October 8, 2009, (ii)
Second Amendment to Purchase and Sale Contract for Sienna Bay dated as of
November 10, 2009, (iii) Third Amendment to Purchase and Sale Contract for
Sienna Bay dated as of November 12, 2009, (iv) Fourth Amendment to Purchase and
Sale Contract for Sienna Bay dated as of November 25, 2009, (v) Fifth Amendment
to Purchase and Sale Contract for Sienna Bay dated as of December 11, 2009 and
(vi) Sixth Amendment to Purchase and Sale Contract for Sienna Bay dated as of
December 28, 2009 (collectively, the “Contract”), with respect to the
sale of that certain property known as Sienna Bay, having an address at 10501
3rd Street North, St. Petersburg, FL 33716,
and as more particularly described in the Contract; and

           
WHEREAS, Seller and Purchaser desire to amend certain provisions of the
Contract as hereinafter set forth.

           
NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the sum of $10.00 and other good and valuable consideration, the
mutual receipt and legal sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

1.     
Capitalized Terms.     Capitalized terms used
in this Amendment shall have the meanings given to them in the Contract, except
as expressly otherwise amended or defined herein.

2.     
Additional Deposits.  Section 4(b) of the Sixth Amendment to
Purchase and Sale Contract for Sienna Bay, dated as of December 28, 2009, is
hereby deleted and replaced with the following:

                                               
(b)  On the date hereof, Purchaser shall wire an additional deposit of
$125,000 directly to Seller, pursuant to the wire instructions attached hereto
as Exhibit A.  Upon making such deposit, the total Deposit shall be
$1,125,000, all of which is being held directly by Seller.

                                               
(c)  On or prior to January 12, 2010, Purchaser shall wire an additional
deposit of $375,000 directly to Seller, pursuant to the wire instructions
attached hereto as Exhibit A.  Upon making such deposit, the total
Deposit shall be $1,500,000, all of which is being held directly by Seller.

3.     
Miscellaneous.          
This Amendment (a)  supersedes all prior oral or written communications
and agreement between or among the parties with respect to the subject matter
hereof, and (b) may be executed in counterparts, each of which shall be
deemed an original and all of which, when taken together, shall constitute a
single instrument and may be delivered by facsimile transmission, and any such
facsimile transmitted Amendment shall have the same force and effect, and be as
binding, as if original signatures had been delivered.  As modified hereby,
all the terms of the Contract are hereby ratified and confirmed and shall
continue in full force and effect.

           
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date and year hereinabove written.

 

Seller:

 

CCIP/3
SANDPIPER, LLC, a Delaware limited liability company

 

By:
   CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/3, LP, a Delaware
limited partnership, its member

 

By:   
CONCAP EQUITIES, INC., a Delaware corporation, its general partner 

 

 

By: 
/s/John Spiegleman

Name: 
John Spiegleman

Title: 
Senior Vice President

 

Purchaser:

DT
GROUP DEVELOPMENT, INC, a California
corporation

 

By: 
/s/Tom Gallop
Name:  Tom Gallop
Title:  COO

 

EXHIBIT A

 

Wire Instructions

 

 

	
Bank: 

	
Wachovia 
(Charlotte, NC)

	
ABA
#:  
	
053-000-219 

	
Account
Number:
	
2000010968907

	
Account
Name:  
	
AIMCO
Properties Partnership Concentration Account

	
Reference: 

	
CCIP/3 Sandpiper, LLC - 005681
sale deposit

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