Document:

Agreement for Promotion, Fulfillment and Distribution  Of

  The County of Carbon Program/Comprehensive HealthCare Solutions, Inc.

 

This AGREEMENT (the “Agreement”) by and between Comprehensive HealthCare Solutions, Inc. (“CMHS”) a Delaware corporation, located at  45 Ludlow St. Suite 602,  Yonkers, NY 10705 and  The County of Carbon, a Municipal Corporation (“CLIENT”), for itself, located at Carbon County  Courthouse Annex, Jim Thorpe, Pa. 18229-1238 (the “Parties”) is made and entered into as the latest of the signature dates set forth on the signature page below and shall be effective as of such date (the “Effective Date”)

 

WHEREAS, CLIENT is a Municipal Corporation and CLIENT desires to contract with CMHS for access to its Health Discount programs to distribute to all county residents and,

 

WHEREAS, CMHS is in the business of providing consumer healthcare savings programs, support and administration, 

 

AND, WHEREAS, CLIENT and CMHS wish to enter into an agreement to provide for the distribution of the Program to all Carbon county residents Therefore, it is agreed as follows:

 

TERMS

	
            1
 	
            The Co-Branded Program
 

 

CMHS shall offer at no charge, the Carbon County prescription discount card (the “Program”) to county residents of CLIENT as shown in Exhibit A. The parties hereby agree that any changes in services offered in connection with the Program shall require the parties to execute a written amendment to this agreement

 

	
            2
 	
            Obligations and Expenses of CMHS
 

 

	
            2.1
 	
            Provide access to the Provider Networks for all eligible members for participating discounts
 

 

	
            2.2
 	
            Provide approval process for any materials used for distribution or marketing of the Program by CLIENT
 

 

	
            2.3
 	
            Handle all Provider calls concerning the program or membership eligibility
 

 

	
            2.4
 	
            Maintain a customer service unit with toll free access to respond to members concerns including:
 

 

 

 

 

 

1

 

 

 

	
            2.4.1
 	
            Location of providers
 

 

	
            2.4.2
 	
            Access to benefit services
 

 

	
            2.4.3
 	
            Complaints and suggestions
 

 

	
            2.4.4
 	
            Internet accessible services
 

 

2.5  No  Enrollment is required, the CARxBON prescription card will be pre-activated. Card will be available for immediate use. 

 

2.6    Pay Rx administration fee of $.10 for each eligible prescription filled to Client within 10 days of receipt from Prescription Benefits Manager (PBM)

 

2.7    County will receive reports provided by the PBM on a monthly basis and receive payments of administration fee quarterly.

 

 

	
            3
 	
            Obligations and Expenses of CLIENT
 

 

	
            3.1
 	
            Offer the Programs to distribution points as feasible
 

 

	
            3.2
 	
            Advertise and promote the Program;
 

 

	
            3.3
 	
            Provide training to all parties of Program and related consumer benefits
 

 

 

	
            4
 	
            Exclusivity
 

 

	
            4.1
 	
            During the term of this Agreement, CLIENT agrees to contract exclusively with CMHS as the provider of network services for Health Discount Programs. 
 

  

 

 

	
            6
 	
            Term and Termination
 

 

	
            6.1
 	
            Term. The term of this Agreement shall begin upon the Effective Date and shall continue for three years (the “Term”).
 

 

	
            6.2
 	
            Extension of Term.
 

 

	
            6.2.1
 	
            This Agreement will automatically renew for an additional Term of three years unless either party delivers ninety (90) days written cancellation prior to the end of the original Term, or any renewal Term. 
 

 

	
            6.3
 	
            Termination/Withdrawal.
 

 

 

2

 

 

 

Carbon County may terminate this Agreement upon thirty (30) days notice notice to CMHS.

 

6.4  Survival. Those provisions of this Agreement which by their nature extend beyond termination or expiration will survive and remain in effect until all obligations hereunder are satisfied, specifically provisions dealing with confidentiality, title, indemnification, limitation of liability and payment of fees shall survive such termination or expiration.

 

 

	
            7
 	
            Intellectual Property (IP) Rights and Control
 

 

	
            7.1
 	
            CMHS Grant of License. CMHS hereby grants CLIENT an-exclusive license during the Term and any extensions thereof to display CMHS’s trademarks, logos, service marks and other graphical items in the form, and format and style guidelines provided by CMHS (“CMHS IP Materials”) on Client’s website and as otherwise set forth herein.   
 

 

	
            7.2
 	
            CLIENT Grant of License. CLIENT hereby grants CMHS a non-exclusive license during the Term and any extensions thereof to display CLIENT’s trademarks, logos, service marks and other graphical items in the form, and format and style guidelines provided by CLIENT, (“CLIENT IP Materials”) and as otherwise set forth herein. Any other use or display of CLIENT IP Materials by CMHS shall require the prior written consent of CLIENT
 

 

   

	
            7.3
 	
            Ownership of Intellectual Property by CLIENT. CMHS acknowledges that, as between it and CLIENT, CLIENT owns or is the licensee of, all right, title and interest in and to all CLIENT’ trademarks, logos, service marks and other graphical items in the form, and format and style guidelines provided by CLIENT (“CLIENT IP Materials”) as of the Effective Date of this Agreement, including the CLIENT trademarks, except for any CMHS IP Materials displayed on such site. CMHS understands and agrees that its use of any of the foregoing CLIENT IP Materials in connection with this Agreement shall not create in it any right, title or interest, in or to such property, and that all such use and goodwill associated with any such use of the CLIENT IP materials shall inure to the benefit of CLIENT
 

 

	
            7.4
 	
            Ownership of Intellectual Property by CMHS. CLIENT acknowledges that, as between it and CMHS, CMHS owns or is the licensee of, all right, title and interest in and to all IP Rights contained in the CMHS IP Materials, including the CMHS trademarks, except for any CLIENT trademarks displayed on such CMHS IP Materials or the Co-Branded site. CLIENT understands and agrees that its use of any of the foregoing CMHS property in connection with this Agreement shall not create in it any right, title or interest, in or to such property, and that all such use and goodwill associated with any such use of the CMHS IP materials shall inure to the benefit of CMHS.
 

 

	
            7.5
 	
            Trademark Quality Control. Each Party’s use of the other’s trademarks on each Parties website and other materials and co-branded items shall be in accordance 
 

 

3

 

 

with such Party’s policies regarding trademark usage. In the event that a Party determines that its trademarks are being used by the other Party in a manner that is inconsistent with its standards and reasonably demonstrates such inconsistency to the other Party, such other Party shall within thirty (30) days thereafter cure such inconsistency; provided, however, that if either Party does not cure such inconsistency within such period, such Party shall be in breach of this Agreement. Each of the Parties hereto shall use the other Party’s logos and/or trademarks in accordance with each Party’s respective trademark and/or logo usage policies and in furtherance of the purposes of this agreement.

 

	
            7.6
 	
            Protection of Rights and Withdrawal. Each Party may cease use of any IP Materials of the other Party   if the Party, in its sole discretion, determines that use, display, transmission, or distribution of such the IP Materials of the other Party would (i) violate or infringe the copyright, trademark or other rights of any third party, or any other law, court order, Governmental Regulation or other ruling of any governmental agency or entity, (ii) subject the Party to any liability, (iii) jeopardize the Party’s ability to protect its rights or its property in the manner deemed appropriate by that Party ,or (v) violate any other rights of a third party.
 

 

	
            8
 	
            Confidentiality/Non-Circumvent
 

 

	
            8.1
 	
            The parties hereby agree to be bound by the confidentiality and non-disclosure agreement attached hereto as Attachment B and incorporated by reference herein. 
 

 

	
            8.2
 	
            Announcements.  No disclosure concerning the details of this Agreement or the transactions contemplated hereby will be made by either Party without the prior written approval of the other, except to their respective representatives who are under an obligation of confidentiality or as may be required by law. Either party may announce that a relationship has been formed to market a co-branded HealthCard.  The parties agree to work with each other regarding announcements and press releases. 
 

 

	
            8.3
 	
            Both parties agree that they will be HIPAA compliant as it pertains to any membership records, eligibility, medical utilization, or any other procedure regarding data as it pertains to HIPAA requirements. 
 

 

8.4    Client Agrees during the course of this Agreement and for a period of 2 years after the Agreement, that it will not solicit or contract, either directly or indirectly, CMHS’s vendors and network providers.

 

	
            9
 	
            Warranties & Indemnification
 

 

	
            9.1
 	
            CMHS represents and warrants that CMHS will provide services in a good and workmanlike manner and that the following performance standards are satisfied throughout the term of the agreement:
 

 

	
            10
 	
            Mutual Representations and Warranties.
 

 

 

4

 

 

 

Each Party hereby represents and warrants to the other Party that:

 

	
            10.1
 	
            It is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all the necessary power and authority (i) to conduct its business in the manner in which its business is currently being conducted, (ii) to own and use its assets in the manner in which its assets are currently owned and used, and (iii) to enter into this Agreement and perform its obligations under this Agreement; and 
 

 

	
            10.2
 	
            Its execution and delivery of this Agreement, and the performance of its obligations and duties hereunder, do not and will not (i) conflict with or result in any breach of any provision of its certificate of incorporation or by-laws, (ii) require any filing with, or permit, authorization, consent or approval of, any Governmental Body, (iii) result in a violation or breach of, or constitute a default (or give rise to any right of termination, cancellation or acceleration) under, any terms, conditions or provisions of any note, bond, mortgage, indenture, lease, license, contract, agreement or other instrument or obligation to which it is a Party or by which any of its properties or assets may be bound, (iv) violate any order, writ, injunction, decree, or Law applicable to it,
 

   

	
            11
 	
            Infringement Indemnification by CMHS.
 

 

	
            11.4.1
 	
            CMHS will defend or settle any claim against CLIENT, (or third parties to whom CLIENT is authorized by CMHS to resell or sublicense), that the Program delivered under this Agreement infringes a patent, copyright, trade secret, or trademark in the country where the Program is used or sold, provided CLIENT:
 

 

	
            11.4.2
 	
            Promptly notifies CMHS in writing; and
 

 

	
            11.4.3
 	
            Cooperates with CMHS in, and grants CMHS sole control of the defense or settlement.
 

 

	
            11.4.4
 	
            CMHS will pay infringement claim defense costs (including reasonable attorney and other professional fees), settlement amounts and court-awarded damages. If such a claim appears likely, CMHS may modify the Program, procure any necessary license, or replace it.
 

 

 

5

 

 

 

	
            11.4.5
 	
            CMHS Liability Indemnification. CMHS will indemnify and hold harmless CLIENT against all claims, losses, actual damages (and not special or consequential damages), liabilities, costs, and expenses, including interest, penalties, cost of investigation and defense, and reasonable attorneys’ and other professional fees and expenses to the extent such claims, losses and damages are due to a defect in the Program supplied hereunder or any materials, labeling, instructions, training or other materials approved or provided by CMHS. CMHS’s obligation of defense and indemnification hereunder shall include claims, losses or damages arising from the Customer Services provided by CLIENT so long as the actions of CLIENT were in accordance the training provided by CMHS and/or materials approved by CMHS.
 
	
            11.4.6
 	
            CLIENT shall promptly notify CMHS in writing of any claim for indemnification; provided, however, that failure to give such notice shall not relieve CMHS of any liability hereunder (except to the extent CMHS has suffered actual material prejudice by such failure). CLIENT shall tender sole defense and control of such claim to CMHS. CLIENT shall, if requested by CMHS, give reasonable assistance to CMHS in defense of any claim. CMHS shall reimburse the CLIENT for any reasonable legal expenses directly incurred from providing such assistance, as such expenses are incurred.
 

 

	
            11.4.7
 	
            CMHS shall have the right to consent to the entry of judgment with respect to, or otherwise settle, an indemnified claim with the prior written consent of CLIENT, which consent shall not be unreasonably withheld; provided, however, that CLIENT may withhold its consent if any such judgment or settlement imposes any unreimbursed monetary or continuing non-monetary obligation on CLIENT or does not include an unconditional release of CLIENT and its Affiliates from all liability in respect of claims that are the subject matter of the indemnified claim.
 

 

	
            11.4.8
 	
            Remedies Cumulative.
 

 

Except as otherwise expressly specified herein, the rights and remedies granted to each Party under this Agreement are cumulative and in addition to, and not in lieu of, any other rights or remedies that such Party has under the express terms of this Agreement.

 

	
            12
 	
            Limitation of Liability
 

 

 

	
            12.1
 	
            EXCEPT IN THE EVENT OF INTENTIONAL WRONGDOING OR A CLAIM PURSUANT TO INDEMNIFICATION OBLIGATIONS HEREIN, IN NO EVENT SHALL A PARTY TO THIS AGREEMENT BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING, WITHOUT LIMITATION, FOR LOST PROFITS, IN ANY WAY ARISING OUT OF OR RELATING TO THIS AGREEMENT, EVEN IN THE EVENT SUCH PARTY HAS BEEN ADVISED AS TO THE POSSIBILITY OF SUCH DAMAGES.
 

 

 

 

6

 

 

 

 

	
            13
 	
            Insurance
 

 

	
            13.1
 	
            Throughout the Term, each Party shall procure and maintain at its own expense, insurance, naming the other Party as an additional insured and an additional loss payee which insurance must be satisfactory to other Party of the following types and in the following amounts: at least $1 million in general liability insurance. All insurance to be maintained by a Party under this Article 12 shall be with companies licensed to do business in the states in which the parties do business. Each Party shall furnish to the other Party, upon request, certificates of insurance or other appropriate documentation (including evidence of renewal of insurance) evidencing all coverage referenced in this Article. Such certificates or other documentation will include a provision whereby thirty (30) days’ notice must be received by the other Party prior to cancellation or material
alteration of the coverage by either a Party or the insurer in question.
 

 

	
            14
 	
            Miscellaneous
 

 

	
            14.1
 	
            No Joint Venture. The sole relationship between the Parties shall be that of independent contractors. No partnership, joint venture, or other formal business relationship is hereby created between the Parties hereto. Neither Party shall make any warranties or representations, or assume or create any obligations, on the other Party’s behalf except as may be expressly permitted hereunder or in writing by such other Party. Each Party shall be solely responsible for the actions of all their respective employees, agents and representatives.
 

 

ARBITRATION:  Any disputes or disagreements arising out of or relating to this Agreement, which cannot be settled by the parties on a mutually satisfactory basis, shall be shall be submitted and settled by binding arbitration in the State of Pennsylvania in accordance with the rules and procedures of the American Arbitration Association. The parties agree that the arbitration shall be instead of any civil litigation and that the arbitrator’s decision and ruling shall be final and binding. Each party will bear one-half (1/2) of the cost of the arbitration filing and hearing fees and one-half (1/2) of the cost of the arbitrator. 

 

	
            14.2
 	
            Governing Law. This Agreement shall be interpreted and construed in accordance with the laws of the State of Pennsylvania, without regard to the principles of conflicts of laws, and with the same force and effect as if fully executed and performed therein, and the laws of the United States of America.
 

 

	
            14.3
 	
            Amendment or Modification. This Agreement may not be amended, modified or supplemented by the Parties in any manner, except by an instrument in writing signed on behalf of each of the Parties by a duly authorized officer or representative
 

 

	
            14.4
 	
            Assignment. CLIENT or CMHS may transfer or assign any rights or delegate any obligations hereunder to an affiliate, in whole or in part. Otherwise, neither party shall transfer or assign any rights or delegate any obligations hereunder to any 
 

 

7

 

 

third party in whole or in part, whether voluntarily or by operation of law.   Any purported transfer, assignment or delegation by either Party (except with respect to an Affiliate of the Party) shall be null and void and of no force or effect. An assignment will not relieve a Party to this Agreement of any obligations under this Agreement. Except as otherwise provided in this Agreement.

 

	
            14.5
 	
            Notices. Any notice or other communication to be given hereunder shall be in writing and shall be (as elected by the Party giving such notice): (i) personally delivered; (ii) transmitted by postage prepaid registered or certified mail, return receipt requested; (iii) deposited prepaid with a nationally recognized overnight courier service; or (iv) sent by facsimile. Unless otherwise provided herein, all notices shall be deemed to have been duly given on: (a) the date of receipt (or if delivery is refused, the date of such refusal) if delivered personally or by courier; (b) three (3) days after the date of posting if transmitted by mail; or (c) if transmitted by facsimile, the date a confirmation of transmission is received. Either Party may change its address for purposes hereof on not less than three (3) days prior notice to the other Party. Notices hereunder
shall be directed to, unless otherwise instructed by the receiving Party:
 

 

 

If to CLIENT, to:

Carbon County

	
            Randy Smith
 

County Administrator

Carbon County Courthouse Annex

3rd Floor

Jim Thorpe, Pa. 18229-1238

 

If to CMHS, to:

Comprehensive HealthCare Solutions, Inc. 

Suite 602

45 Ludlow Street

Yonkers, New York  10705

Attn: John H. Treglia, CEO

 

 

	
            14.6
 	
            Entire Agreement /Force Majeure.
 

 

	
            14.4.1
 	
            This Agreement represents the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior and/or contemporaneous agreements and understandings, written or oral between the Parties with respect to the subject matter hereof. 
 

 

 

8

 

 

 

	
            14.4.2
 	
            Neither Party shall be liable for any delay or failure to perform hereunder if such failure or delay is due to a force beyond its control (“force majeure”) such as flood, pestilence, war, insurrection, shortage of supplies, labor actions, and the like, so long as performance is resumed promptly after the conclusion of the force majeure event.
 

 

	
            14.7
 	
            Waiver
 

 

	
            14.4.1
 	
            Any of the provisions of this Agreement may be waived by the Party entitled to the benefit thereof. Neither Party shall be deemed, by any act or omission, to have waived any of its rights or remedies hereunder unless such waiver is in writing and signed by the waiving Party, and then only to the extent specifically set forth in such writing. A waiver with reference to one event shall not be construed as continuing or as a bar to, or waiver of any right or remedy as to a subsequent event.
 

 

	
            14.8
 	
            No Third Party Beneficiaries
 

  

	
            14.9
 	
            Nothing express or implied in this Agreement is intended to confer, nor shall anything herein confer, upon any Person other than the Parties and the respective permitted successors or assigns of the Parties, any rights, remedies, obligations or liabilities whatsoever.
 

 

	
            14.10
 	
            Fees and Expenses
 

 

 

	
            14.11
 	
            Each Party shall be responsible for the payment of its own costs and expenses, including attorney’s fees and expenses, in connection with the negotiation and execution of this Agreement. 
 

 

	
            14.12
 	
            Severability
 

 

If the application of any provisions of this Agreement to any particular facts of circumstances shall be held to be invalid or unenforceable by any court of competent jurisdiction, then: (i) the validity and enforceability of such provision or provisions as applied to any other particular facts or circumstances and the validity of other provisions of this Agreement shall not in any way be affected or impaired thereby; and (ii) such provision or provisions shall be reformed without further action by the Parties hereto and only to the extent necessary to make such provision or provisions valid and enforceable when applied to such particular facts and circumstances. 

 

 

	
            14.4.1
 	
            Counterparts; Facsimiles. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and such counterparts together shall constitute one and the same instrument. Each Party shall receive a duplicate original of the counterpart copy or copies executed by it. For purposes hereof, a facsimile copy of this Agreement, including the signature pages hereto, shall be deemed to be an 
 

 

9

 

 

original. Notwithstanding the foregoing, the Parties shall each deliver original execution copies of this Agreement to one another as soon as practicable following execution thereof.

 

	
            14.4.2
 	
            Bookkeeping, Inspection. CLIENT  shall have the right to audit CMHS  no more than twice per 12-month period, and only during reasonable business hours and upon reasonable notice to CMHS, to determine the accuracy of revenues or the allocation and payment of fees, as the case may be, owed or paid to CLIENT, or to determine  CMHS  compliance with other provisions of the Agreement.   
 

        

 

	
            14.4.3
 	
            This Agreement is executed this day by the parties hereto:
 

 

	
            ATTEST:
 	
            THE COUNTY  OF CARBON
 

 

 

	
            By: _/s/ Randall Smith  
 	
            By: /s/ William J. O’Gurek  
 	
             

	
            Name: Randall Smith  
 	
            Name: William J. O’Gurek
 	
             

	
            Title: Chief Clerk/ County Administrator
 	
            Title: Chairman/Commissioners
 

 

	
            Attest:
 	
            Comprehensive HealthCare Solutions, Inc.
 

 

	
            By: _________________________
 	
            By: /s/ Paul S. Rothman  
 
	
            Name: _______________________
 	
            Name: Paul S. Rothman  
 
	
            Title: ________________________
 	
            Title: President  
 	
             

 

 

10

 

 

 

 

 

Exhibit A

The Programs

 

CMHS and Client agree that each program distributed to Client’s residents will be defined individually thru a signed amendment that will include pricing, responsibilities, and other items that are not covered in the master agreement. 

 

 

 

Rx CARD

 

CMHS will provide a Prescription Discount card and PBM services

 

 

 

CMHS is offering all eligible members access to the discounted rates for all participating providers. Members includes household dependents under the age of 24.

 

 

 

 

 

 

 

 

 

 

 

11

 

 

 

 

 

 

Exhibit B

Confidentiality

 

CONFIDENTIAL INFORMATION & NONDISCLOSURE

AGREEMENT

 

	
            Comprehensive HealthCare Solutions, Inc. (“CMHS”) and  
 	
            (The “CLIENT”)
 

agree to disclose and make available to each other certain confidential and proprietary information relating to their respective business operations. The confidential information disclosed may include, but not be limited to reports, strategic marketing plans, provider and merchant data, financial information, client information and intellectual property contracts. The purpose of such exchange of information is to allow the parties to understand each other’s businesses for potential contracts between them.

CMHS and CLIENT hereby agree on behalf of their respective employees, representatives and agents that they will maintain the confidentiality of the information disclosed. The parties agree not to use, release or discuss with anyone, other than their employees, representatives or agents who require knowledge of the information in order to accomplish the purpose specified above, any Confidential Information provided to the parties or any of their representatives. The parties will inform all such employees, representatives and agents of the confidential nature of the information. No copies shall be made of any information provided and all such tangible information provided is to remain the property of the originating party and shall be returned immediately upon request.

CMHS and CLIENT hereby agree and understand that Confidential Information is any information which: (a) is treated as confidential by CMHS or CLIENT or (b) has not been made generally available to the public or to competitors of CMHS or CLIENT or (c) if disclosed may either increase a competitor’s or potential competitor’s advantage over CMHS or CLIENT or diminish any advantage that CMHS or CLIENT may have over its competitors or
potential competitors.

Both Parties hereby agree and understand that confidential information is valuable and unique, and that Disclosure in breach of this Agreement will result in irreparable injury to the offended party. In the event of any breach of this Agreement, the offended party is entitled to and will employ the full extent of its legal rights. 

Each party’s obligations with respect to one or more portions of the Information will cease if and when that portion of the Information (i) becomes part of the public domain through no wrongful act of either Party or its Agents, (ii) is lawfully received by said party from a third party without contravention of this Agreement or any similar nondisclosure agreement (whether or not with said party) by which such third party is bound, (iii) is approved for release by written authorization by said party. This Agreement is governed by the Laws of the State of Georgia.

 

 

 

 

 

12

 

 

 

Understood and/Agreed to:

 

	
            Comprehensive HealthCare Solutions, Inc.
 	
            The County of  Carbon
 	
             

	
            45 Ludlow Street
 	
            Carbon County Courthouse Annex
 
	
            Suite 602
 	
            Jim Thorpe, Pa. 18229-1238
 	
             

	
            Yonkers, New York  10705  
 	
             

					

 

 

	
            /s/ Paul S. Rothman
 	
            /s/ William J. O’Gurek  
 
	
            (Authorized by)
 	
            (Authorized By:)
 	
             

 

	
            President
 	
            Chairman/Commissioners
 
	
            (Title)
 	
            (Title)
 	
             

 

	
            9/20/05
 	
            September 15, 2005
 
	
            (Date)  
 	
            (Date)
 	
             

 

 

 

13exh101

    ASSIGNMENT
      AGREEMENT

     

    

     

    THIS
      ASSIGNMENT AGREEMENT
      is made
      effective as of August 31, 2005 (the "Effective
      Date"),
      by
      and between INVESTCOL
      LIMITED.,
      a
      corporation organized and existing under the laws of Belize, and whose address
      is located at Mapp Street #1, City of Belize, Belize ("ASSIGNOR");
      COLOMBIA
      GOLDFIELDS LTD.,
      a
      corporation organized and existing under the laws of Nevada having an address
      located at 375 Water Street, Suite 610 Vancouver, BC ("ASSIGNEE"); and
CIA SERVICIOS
      Y LOGISTICOS LTDA.,
      a
      corporation organized and existing under the laws of Colombia having an address
      located at Carrera 34, No. 5G-86, Medellin, Colombia(the "OWNER").
      ASSIGNOR, ASSIGNEE and OWNER are referred to collectively herein as the
      "Parties".

     

    WITNESSETH:

     

    WHEREAS,
      OWNER
      owns certain mining and mineral rights on property known as Concessions 6602,
      1343 and 6329 located in Caramanta Municipality, Antioquia Department, Medellin,
      Colombia (collectively, the "Property"); and

     

    WHEREAS,
      on
      or
      about June 25, 2005 the OWNER entered into an agreement with ASSIGNOR,
      denominated "Contract for Purchase Option of Mining Concessions" (the
      "Original
      Option Contract"),
      under
      which OWNER granted to ASSIGNOR certain rights including, among others, (i)
      an
      option to commence mining prospecting on the Property for a three (3) year
      period commencing upon execution of the Original Option Contract and expiring
      no
      later than on the third anniversary thereof (the "Termination
      Date");
      (ii)
      the right to execute a written purchase option transferring ownership of the
      Property (the "Purchase
      Option")
      on or
      within 60 days of the Termination Date; (iii) the right to transfer the Original
      Option Contract to a third party at any time; and

     

    WHEREAS,
      as
      more
      fully specified in the Original Option Contract, ASSIGNOR agreed to pay OWNER
      the sum of $10,000 in United States dollars for the Purchase Option, and to
      pay
      $2,990,000 in United States dollars for exploration work to be performed on
      the
      terms and subject to the conditions described in the Original Option Contract,
      a
      copy of which is annexed hereto as Exhibit "A"; and

     

    WHEREAS,
      ASSIGNOR
      desires to sell, assign and transfer to ASSIGNEE, its rights, interests and
      obligations under the Original Option Contract (including its remaining monetary
      obligations to OWNER there under), and to delegate to Assignee its duties and
      obligations under the Original Option Contract, subject to the terms contained
      in this Assignment Agreement. 

     

    NOW,
      THEREFORE, in
      consideration of the premises and other valuable consideration paid by ASSIGNEE
      to ASSIGNOR, the receipt and sufficiency of which is hereby acknowledged, the
      parties agree as follows:

     

    1.  Incorporation
      of Agreements By Reference

     

    .
      The
      recitals to this Agreement are true and correct and are hereby incorporated
      by
      reference into and made a part of this Agreement.

     

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    2.  Definitions
      /Interpretation. 

     

    2.1  Definitions

     

    .
      In this
      Assignment Agreement, the following terms have the meanings specified or
      referred to in this Section 2 and shall be equally applicable to both the
      singular and plural forms.

     

    "Ancillary
      Agreements"
      means
      all agreements, instruments and documents to be executed and delivered by
      ASSIGNOR, OWNER and/or ASSIGNEE under this Assignment Agreement or in connection
      herewith, and shall also include the Original Option Contract.

     

    "Encumbrance"
      means
      any lien (statutory or other), claim, charge, security interest, mortgage,
      deed
      of trust, pledge, hypothecation, assignment, conditional sale, security
      agreement or preferential arrangement of any kind or nature, and any easement,
      encroachment, covenant, restriction, right of way, defect in title or other
      encumbrance of any kind.

     

    "Governmental
      Body"
      means
      any branch, division or agency of a local, state, federal or international
      governmental authority that maintains the right to create or regulate laws
      pertaining to the subject matter of this Assignment Agreement and the ownership
      of the Property.

     

    "Legal
      Requirement"
      means
      any federal, state, local, municipal, foreign or international, multinational
      or
      other law, statute, constitution, principle of common law, resolution,
      ordinance, code, edict, decree, rule, regulation, court order, ruling or
      requirement issued, enacted, adopted, promulgated implemented or otherwise
      put
      into effect by or under the authority of any Governmental Body.

    "Letter
      of Intent"
      means
      that certain non-binding letter of intent, dated as of June 27, 2005, by and
      between the ASSIGNOR and ASSIGNEE. 

    

    "Material
      Adverse Effect" or "Material Adverse Change"
      means
      any condition, circumstance, change or effect (or any development that, insofar
      as can be reasonably foreseen, would result in any condition, circumstance,
      change or effect) that is materially adverse to the assets, business,
      liabilities, profits, results of operations, prospects or condition (financial
      or otherwise) of the ASSIGNOR, OWNER, or Property.

     

    "Materials
      of Environmental Concern"
      means
      chemicals, pollutants, contaminants, wastes, toxic substances, petroleum and
      petroleum products and any other substance that is now or hereafter regulated
      by
      any applicable Environmental Law or that is otherwise a danger to health,
      reproduction or the environment

     

    "Person"
      means
      any individual, corporation, partnership, joint venture, limited liability
      company, association, joint-stock company, trust, unincorporated organization
      or
      Governmental Body.

    

       

    

    2.2  Interpretation

     

    .
      As used
      in this Assignment Agreement, the word "including" means without limitation,
      the
      word "or" is not exclusive and the words "herein", "hereof", "hereby", "hereto"
      and "hereunder" refer to this Agreement as a whole. Unless the context otherwise
      requires, references herein: (i) to Articles, Sections, Exhibits and Schedules
      mean the Articles and Sections of and the Exhibits and Schedules attached to
      this Assignment Agreement; (ii) to an agreement, instrument or other document
      means such agreement,

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     instrument
      or other document as amended, supplemented and modified from time to time to
      the
      extent permitted by the provisions thereof and by this Assignment Agreement;
      and
      (iii) to a statute means such statute as amended from time to time and includes
      any successor legislation thereto. The Schedules and Exhibits referred to herein
      shall be construed with and as an integral part of this Assignment Agreement
      to
      the same extent as if they were set forth verbatim herein. Titles to Articles
      and headings of Sections are inserted for convenience of reference only and
      shall not be deemed a part of or to affect meaning or interpretation of this
      Assignment Agreement. 

     

    3.  Assignment.
      ASSIGNOR
      hereby unconditionally sells, assigns, transfers, conveys, sets over and
      delivers to ASSIGNEE, its successors and assigns forever, all of ASSIGNOR'S
      right, title and interest in and to the Original Option Agreement of any kind
      or
      nature whatsoever without recourse (collectively, the “Assigned Interests”).
      OWNER hereby consents to this assignment. 

     

    4.  Delegation
      of Duties.ASSIGNOR
      hereby delegates to ASSIGNEE, and ASSIGNEE hereby assumes all of ASSIGNOR'S
      responsibilities, duties and obligations to OWNER under the Original Option
      Agreement including, among other things, ASSIGNOR'S payment obligations to
      OWNER.

     

    5.  Consideration.
      In consideration for the assignment by ASSIGNOR hereunder, ASSIGNEE (i) shall
      issue
      to
      ASSIGNOR on the Closing Date as hereinafter defined, one million shares of
      its
      common stock (the “Option Payment”), restricted as to transfer in accordance
      with applicable securities laws but subject to pro-rata "piggy-back"
      registration rights in the event the ASSIGNEE registers shares of common stock
      for any of its stockholders, and (ii) shall, on the Closing Date, enter into
      an
      Exploration and Development Agreement in form and substance satisfactory to
      ASSIGNOR, which shall provide for payment to ASSIGNOR of the sum of $2.99
      million in fees related to exploration and development of the Property over
      a
      three year period.

     

    6.  Closing
      Date.
      The
      Closing of the transaction subject of this Assignment Agreement shall take
      place
      at 11:00 A.M., local time, on September 16, 2005, after the conditions set
      forth
      in this Assignment Agreement have been satisfied, and shall take place at the
      offices of Akerman Senterfitt, One Southeast Third Avenue, 27th
      Floor,
      Miami, FL 33131, or at such other
      place or at such other time as shall be agreed upon by ASSIGNOR and ASSIGNEE.
      The time and date on which the Closing is actually held are sometimes referred
      to herein as the "Closing Date."

     

    6.1  Option
      Payment.
      Subject
      to fulfillment or waiver of the conditions set forth in Section 6.2 at the
      Closing, ASSIGNEE shall deliver the Option Payment.

     

    6.2  Conditions
      to ASSIGNEE'S Obligations.
      The
      obligations of ASSIGNEE
      to
      effect the transactions subject of this Assignment Agreement shall, at the
      option of ASSIGNEE, be subject to the satisfaction, on or prior to the Closing
      Date, of the following conditions:

     

    6.2.1  There
      shall have been no material breach by the OWNER or ASSIGNOR in the performance
      of any of its or their respective covenants and agreements herein; each of
      the
      representations and warranties of the OWNER or ASSIGNOR contained or referred
      to
      herein (or in the Original Option Contract) shall be true and correct on the
      Closing Date as though made on the Closing Date, except for changes therein
      specifically permitted by this Agreement or resulting from any transaction
      expressly consented to in writing by ASSIGNEE; and there shall have been
      delivered to ASSIGNEE a certificate to such effect, dated the Closing Date,
      signed on behalf of the ASSIGNOR and OWNER by its or their President or any
      Vice
      President;

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    6.2.2  Between
      the date hereof and the Closing Date, there shall have been (i) no Material
      Adverse Change (as defined herein) in the assets, business, operations,
      liabilities, profits, prospects or condition (financial or otherwise) of
      ASSIGNOR; (ii) no material adverse Legal Requirement, legislative or regulatory
      change affecting ASSIGNOR, OWNER or the Property; (iii) no change in the title
      to the Property, or terms and conditions of the Original Option Contract; and
      there shall have been delivered to ASSIGNEE a certificate to such effect, dated
      the Closing Date and signed on behalf of ASSIGNOR or OWNER by their respective
      Presidents or any Vice President;

     

    6.2.3  ASSIGNEE
      shall have received from ASSIGNOR or OWNER, with respect to the Property,
      satisfactory evidence of ownership, including title opinions, and absence of
      Encumbrances;

     

    6.2.4  All
      actions to be taken by ASSIGNOR and the OWNER in connection with the
      consummation of the transactions contemplated hereby and all certificates,
      opinions, instruments, and other documents required to effect the transactions
      contemplated hereby shall be satisfactory in form and substance to ASSIGNEE
      and
      this Assignment Agreement shall be filed with the Registry of Mines in Colombia
      immediately after closing.

     

    6.2.5  ASSIGNEE
      shall have received from ASSIGNOR a legal opinion as to certain matters set
      forth in Section 7.1 in form and substance reasonably satisfactory to
      ASSIGNEE.

     

    6.2.6  ASSIGNEE
      may waive any condition specified in this Section
      6.2
      if it
      executes a writing so stating at or prior to the Closing.

     

    6.3  Conditions
      to ASSIGNOR’S Obligations.
      The
      obligations of ASSIGNOR to effect the transactions subject to this Assignment
      Agreement shall, at the option of ASSIGNOR, be subject to the satisfaction,
      on
      or prior to the Closing Date, of the following conditions:

     

    6.3.1  Payment
      to ASSIGNOR of the Option Payment; and

     

    

    6.3.2 Execution
      of an Exploratory and Development Agreement with the terms set forth in Section
      5.

    7.  Representations,
      Warranties and Covenants. As
      an
      inducement to entering into this Assignment Agreement and towards consummating
      the transactions contemplated hereby, each of ASSIGNOR and the OWNER, jointly
      and severally, represent, warrant and covenant to ASSIGNEE as
      follows: 

     

    7.1  ASSIGNOR
      and OWNER.

     

    7.1.1  Organization
      and Authority.
      Each of
      ASSIGNOR and OWNER has the legal capacity to execute, deliver and perform its
      obligations under this Agreement and the Ancillary Agreements (as hereinafter
      defined). The execution, delivery and performance of this Assignment Agreement
      and the Ancillary Agreements have been duly authorized. This Assignment
      Agreement and the Ancillary Agreements have been duly and validly executed
      and
      delivered by each of ASSIGNOR and OWNER and, assuming the valid execution and
      delivery thereof by ASSIGNEE, this Assignment Agreement and the Ancillary
      Agreements constitute the legal, valid and binding obligations of each ASSIGNOR
      and OWNER, enforceable against ASSIGNOR and OWNER in accordance with their
      terms. ASSIGNOR and OWNER need not give any notice to, make any filing with,
      or
      obtain any authorization, 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    consent,
      or approval of any Governmental Body or third party in order to consummate
      the
      transactions contemplated by this Assignment Agreement or any Ancillary
      Agreement. 

     

    7.1.2  Good
      Standing.
      The
      ASSIGNOR is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Belize, while the OWNER is a corporation
      organized, validly existing and in good standing under the laws of
      Colombia.

     

    7.1.3  No
      Violation.
      Neither
      the execution and delivery of this Assignment Agreement or any of the Ancillary
      Agreements, or the consummation of any of the transactions contemplated hereby
      or thereby, nor compliance with or fulfillment of the terms, conditions and
      provisions hereof or thereof will, directly or indirectly violate any Legal
      Requirement affecting the Property, or the rights of ASSIGNEE subject to the
      Original Option Contract.

     

    7.1.4  Title
      to Properties;
      Encumbrances.
      OWNER
      owns the
      Property, and its ownership interests are in full force. OWNER has the right
      to
      explore and develop the Property set forth on Schedule 7.1.4.
      There
      are no other agreements or other documents governing or affecting the ownership
      of the Property. There
      are
      no Encumbrances affecting the Property. OWNER shall maintain absolute and
      complete ownership to the Property until the Termination Date and shall keep
      the
      Property free from any and all Encumbrances through the Termination
      Date.

     

    7.1.5  Governmental
      Authorizations.
      The
      OWNER owns, holds or possesses all licenses, franchises, permits, privileges,
      immunities, approvals and other authorizations from a Governmental Body which
      are necessary to entitle it to own and use the Property as contemplated herein
      (herein collectively called "Governmental
      Authorizations"),
      except for such incidental licenses, permits and other authorizations which
      would be readily obtainable by any qualified applicant without undue burden
      in
      the event of any lapse, termination, cancellation or forfeiture thereof.
      Complete and correct copies of all of the Governmental Authorizations will
      be
      delivered to ASSIGNEE prior to Closing.
      Furthermore, the OWNER has fulfilled and performed its obligations under each
      of
      the Governmental Authorizations, all of the Governmental Authorizations are
      valid and in full force and effect, and no event has occurred or condition
      or
      state of facts exists which constitutes or, after notice or lapse of time or
      both, would constitute a breach or default under any such Governmental
      Authorization or which permits or, after notice or lapse of time or both, would
      permit revocation, withdrawal, suspension,
      cancellation, or termination of, or any modification to, any
      such
      Governmental Authorization, or which might adversely affect the rights of the
      ASSIGNEE with respect to the Property under any such Governmental Authorization.
      Such Governmental Authorizations are either assignable to or obtainable by
      the
      ASSIGNEE. OWNER will maintain such Governmental Authorizations in full force
      and
      effect until the Termination Date.

     

    7.1.6  Environmental
      Matters.
      OWNER
      is
      in compliance in all material respects with all applicable Environmental Laws
      (as hereinafter defined), which includes the possession by OWNER of all permits
      and other Governmental Authorizations required under applicable Environmental
      Laws, and compliance with the terms and conditions thereof. OWNER has not
      received, at any time, any notice or other communication (in writing or
      otherwise), whether from a Governmental Body, citizens group, employee or
      otherwise, (a) that alleges that OWNER is not in compliance with any
      Environmental Law, and there are no circumstances that may prevent or interfere
      with the ASSIGNEE’s compliance with any Environmental Law in the future; or
      (b) regarding any actual, alleged, possible or potential obligation
      on the
      part of OWNER to undertake, or to bear all or any portion of the cost of, any
      cleanup or any remedial, corrective or response action of any nature. For
      purposes of this Section 7.16:
      (i) "Environmental
      Law"
      means
      any federal, state, local or Legal Requirement relating to pollution or
      protection of human health or the environment (including ambient air, surface
      water, mineral rights, ground water, land surface or subsurface strata),
      including any law or regulation (of any country or state 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    or
      locality) relating to emissions, discharges, releases or threatened releases
      of
      Materials of Environmental Concern, or otherwise relating to the manufacture,
      processing, distribution, use, treatment, storage, disposal, transport or
      handling of Materials of Environmental Concern. OWNER will maintain compliance
      with all Environmental laws through the Termination Date. 

     

    7.2  ASSIGNEE.
      As an
      inducement to ASSIGNOR to enter into this Assignment Agreement and to consummate
      the transaction contemplated hereby, ASSIGNEE hereby represents and warrants
      to
      ASSIGNOR as follows:

     

    7.2.1  Organization
      of ASSIGNEE.
      ASSIGNEE is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Nevada and has full corporate power and authority
      to own or lease and to operate and use its properties and assets and to carry
      on
      its business as now conducted.

     

    7.2.2  Authority
      of ASSIGNEE.
      ASSIGNEE has full power and authority to execute, deliver and perform this
      Agreement and all of the Ancillary Agreements. The execution, delivery and
      performance of this Agreement and the Ancillary Agreements by ASSIGNEE have
      been
      duly authorized and approved by ASSIGNEE’S board of directors and do not require
      any further authorization or consent of ASSIGNEE or its stockholders. This
      Agreement has been duly authorized, executed and delivered by ASSIGNEE and
      is
      the legal, valid and binding agreement of ASSIGNEE and is enforceable in
      accordance with its terms, and each of the Ancillary Agreements has been duly
      authorized by ASSIGNEE and upon execution and delivery by ASSIGNEE will be
      a
      legal, valid and binding obligation of ASSIGNEE enforceable in accordance with
      its terms.
      Neither
      the execution and delivery of this Assignment Agreement, any of the Ancillary
      Agreements, the consummation of any of the transactions contemplated hereby
      or
      thereby nor compliance with or fulfillment of the terms, conditions and
      provisions hereof or thereof will:

     

    (i)
      conflict with, result in a breach of the terms, conditions or provisions of,
      or
      constitute a default, an event of default or an event creating rights of
      acceleration, termination or cancellation or a loss of rights under the Articles
      of Incorporation or bylaws of ASSIGNEE, or by any Court Order to which ASSIGNEE
      is a party or by which it is bound or any Legal Requirements affecting ASSIGNEE;
      or

    

    (ii)
      require the approval, consent, authorization or act of, or the making by
      ASSIGNEE of any declaration, filing or registration with, any
      Person.

    

    8.  Termination.
      

     

    8.1  Grounds
      for Termination.
      Anything contained in this Assignment Agreement to the contrary notwithstanding,
      this Agreement may be terminated at any time prior to the Closing
      Date:

     

    8.1.1  by
      the
      mutual consent of the ASSIGNOR and ASSIGNEE;

     

    8.1.2  by
      ASSIGNOR if the Closing shall not have occurred on or before September 16,
      2005,
      or within five business days of such date, or such later date as may be mutually
      agreed to by the Parties;

     

    8.1.3  by
      ASSIGNEE in the event of any material breach by ASSIGNOR and OWNER of any of
      their respective agreements, representations or warranties contained herein
      and
      the failure of ASSIGNOR and OWNER, as applicable, to cure such breach within
      seven days after receipt of notice from ASSIGNEE requesting such breach to
      be
      cured; or

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    8.1.4  by
      ASSIGNOR and OWNER in the event of any material breach by ASSIGNEE of any of
      its
      agreements, representations or warranties contained herein and the failure
      of
      ASSIGNEE to cure such breach within seven days after receipt of notice from
      ASSIGNEE requesting such breach to be cured.

     

    8.2  Notice
      of Termination.
      Any
      party desiring to terminate this Assignment Agreement shall give notice of
      such
      termination to the other parties to this Assignment Agreement.

     

    8.3  Effect
      of
      Termination. In the event that this Assignment Agreement shall be terminated,
      all further obligations of the parties under this Assignment Agreement shall
      be
      terminated without further liability of any party to the other, except
      for the liability of ASSIGNOR
      to repay $200,000 to ASSIGNEE within 30 days of the termination of this
      Assignment Agreement.

     

    9.  Indemnification.
      

     

    9.1  Survival.
      Each
      covenant or agreement in this Assignment Agreement shall survive the Closing
      without limitation as to time until fully performed in accordance with its
      terms
      and each representation and warranty in this Assignment Agreement shall survive
      the Closing until the fifth (5th)
      anniversary of the Closing Date (the "Survival Date"). 

     

    9.2  Notice.
      Notice of a claim for indemnification with respect to any representation and
      warranty must be given to the Party against whom indemnification is sought
      prior
      to the termination of the relevant survival period in writing and in sufficient
      detail to properly inform the alleged indemnitor of the nature of the claims
      asserted. 

     

    9.3  Indemnification
      by ASSIGNOR and OWNER. From and after the Effective Date, the ASSIGNOR and
      OWNER
      shall, jointly and severally, indemnify fully, hold harmless, protect and defend
      the ASSIGNEE from and against (i) any and all losses and expenses incurred
      by
      ASSIGNEE arising out of, relating to, or based upon any inaccuracy in, or breach
      of, any of the representations or warranties contained in this Assignment
      Agreement or in the Schedules or Exhibits hereto; (ii) any and all losses and
      expenses incurred by ASSIGNEE arising out of, relating to, or based upon any
      failure to perform, or other breach of, any of the covenants or agreements
      of
      contained in or incorporated into this Agreement or in the Schedules hereto
      by
      ASSIGNOR and OWNER; and (iii) any and all losses and expenses incurred by
      ASSIGNEE following the Closing to the extent that such losses and expenses
      (A)
      relate to the transactions contemplated by this Assignment Agreement; and (B)
      arise out of, are related to, or are caused by facts, conditions, acts,
      omissions or circumstances occurring or existing prior to the Closing. The
      right
      of ASSIGNEE to be indemnified hereunder shall not be limited or affected by
      any
      investigation conducted or notice or knowledge obtained by or on behalf of
      ASSIGNEE.

     

    10.  Further
      Assurances.
      The
      Parties hereby agree to execute and deliver, from time-to-time hereafter, to
      one
      another any and all further documents or instruments as they may reasonably
      request in order to effect the purposes and carry out the provisions of this
      Assignment Agreement. In the event that at any time hereafter, due to a change
      in circumstances (including, without limitation, any changes in applicable
      law
      or any decision hereafter made by a court of competent jurisdiction construing
      applicable law), it is, in the opinion of counsel for a Party, necessary or
      desirable to file or record this Assignment Agreement or any Ancillary
      Agreement, the Parties agree to execute and deliver any instruments that may
      be
      necessary or appropriate to make such filing or recording
      effective.

     

    11.  Benefit.
      This
      Assignment Agreement shall be binding upon each of the parties hereto and their
      successors and assigns. 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    12.  Waiver,
      Modification or Cancellation.
      Any
      waiver, alteration or modification of any of the provisions of this Assignment
      Agreement, or cancellation or replacement of the same, shall not be valid unless
      made in writing and signed by the parties hereto.

     

    13.  Choice
      of Law and Forum for Disputes.
      The
      validity of this Agreement or any of its terms, covenants and conditions, as
      well as the rights and duties of the parties hereunder, shall be interpreted
      and
      construed pursuant to and in accordance with the laws of Colombia. Any disputes
      arising under this Assignment Agreement shall be arbitrated under the Rules
      of
      the American Arbitration Association (AAA), There shall be three arbitrators
      that preside over the dispute. Each party shall select one arbitrator, and
      the
      two so chosen shall select the third arbitrator. If the parties are unable
      to
      agree on the third arbitrator, such person shall be selected the Medellin,
      Colombia Chamber of Commerce. The parties shall share the costs of the
      arbitrators and AAA. The arbitration shall take place in Medellin, Columbia
      and
      shall be governed by AAA's commercial rules on international civil disputes.
      

     

    14.  Notices.
      All
      notices or other communications required or permitted hereunder shall be in
      writing and shall be deemed given or delivered (i) when delivered personally;
      (ii) if transmitted by facsimile when confirmation of transmission is received;
      or (iii) if sent by registered or certified mail, return receipt requested,
      or
      by private courier when received; and shall be addressed as
      follows:

     

    If
      to
      the ASSIGNEE:    Colombia
      Goldfields Ltd. 

    Attention:
      Dan Hunter

    Facsimile:
      604-801-5575

    

    

    If
      to
      the ASSIGNOR:   
Investcol
      Limited 

    Attention:
      Tom Lough 

    Facsimile:
      416-365-1828

    

     

    If
      to
      the OWNER:      
       Cia
      Servicios y Logisticos Ltda. 

    Attention:
      Charles Major

    Facsimile:
      011 57 4 268 7480

    

    or
      to
      such other address as such party may indicate by a notice delivered to the
      other
      party hereto.

     

    15.  Entire
      Agreement.
      This
      Agreement, and all other documents executed in connection with the Assignment
      Agreement contain the entire understanding and agreement of the parties with
      respect to the subject matters set forth herein or therein, superseding any
      and
      all prior agreements, written or oral, between the parties regarding the same
      subject matter. Each party to this Assignment Agreement acknowledges that no
      representations, inducements, promises or statements (whether oral or written)
      have been made by any party hereto or anyone acting on behalf of any party
      hereto which are not embodied herein. Each party agrees that no other agreement,
      covenant, representation, inducement, promise or statement with respect to
      the
      subject matter hereof, if not set forth herein in writing shall be valid or
      binding.

     

    16.  Press
      Release.
      The
      ASSIGNOR and ASSIGNEE shall mutually approve the content of any press release
      regarding this Assignment Agreement.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    17.  Captions
      and Headings.
      The
      captions and headings of the paragraphs of this Assignment Agreement are
      inserted for convenience of reference only and are not to be construed in any
      way as a part of this Agreement.

     

    

    ASSIGNOR:                                                      
      ASSIGNEE:

    

    INVESTCOL
      LIMITED    
COLOMBIA
      GOLDFIELDS LTD.

    

    /s/
      Tom
      Lough      /s/
      Dan
      Hunter

    By:
      _________________________________  By:
      _________________________________

    Tom
      Lough, Legal Representative   Dan
      Hunter, President

    

    

    

    

    OWNER:

    

    CIA SERVICIOS
      Y LOGISTICOS LTDA.

    

    /s/
      Charles Major

    By:
      __________________________________

    Charles
      Major, General Manager

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    

    CONTRACT
      FOR PURCHASE OPTION OF MINING CONSESSIONS

    

    The
      undersigned, CIA SERVICIOS Y LOGISTICOS LTDA., a Columbian Corporation
      constituted under public deed _____ at the 25 Notary of Medellin on 04, August,
      2005, duly represented by Charles Major, legal age, Columbian, whose address
      is
      MEDELLIN, bearer of personal identification 206811; hereinafter known as the
      TITLE-HOLDER, as one party and for the other party, INVESTOOL Ltd., a
      corporation constituted and effective according to the laws of Belize and whose
      address is located on Mapp Street, #1, in the City of Belize, Belize, duly
      represented by Tom Lough, legal age, male, Canadian, resident in Toronto,
      Canada, bearer of passport number BC251532 hereinafter known as THE ELECTOR
      have
      celebrated this contract with a purchase option subject to the following
      clauses:

    FIRST:
      OBJECTIVE

    THE
      OWNER
      has given THE ELECTOR the option to acquire, by means of purchase, Concessions
      6602, 1343 and 6329, located in the Caramanta Municipality, Artioquie
      Department, Medellin, Columbia.

    SECOND:
      TIME PERIOD OF THE OPTION:

    The
      ELECTOR may use the option or desist within a period of three (3) years
      beginning from the date this contract is signed.

    THIRD:
      PURCHASE-SALE PRICE

    The
      purchase price of the concessions is Ten thousand dollars ($10,000.00) the
      moment the purchase option is executed.

    FOURTH:
      THE ELECTORS RIGHTS DURING THE TIME PERIOD OF THE OPTION.

    A)
      THE
      ELECTOR may begin all the mining prospecting works that he considers convenient
      to estimate the economical possibility of exploration of the mine, obtaining
      the
      necessary material samples for their chemical and geological
      analysis.

    B)
      He may
      also desist the option with a simple declaration in writing of said
      decision.

    C)
      Transfer this contract.

    FIFTH:
      OBLIGATIONS OF THE ELECTOR DURING THE TIME PERIOD OF THE OPTION.

    During
      legal effect period of this contract, the ELECTOR will be obligated to invest
      the amount of TWO MILLION NINE HUNDRED U.S. DOLLARS (US$2,990,000.00) for
      exploration works as follows: The amount of THREE HUNDRED THOUSAND DOLLARS
      (US$300,000.00) 

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    during
      the first year of this contract; the amount of SEVEN HUNDRED THOUSAND DOLLARS
      (US$700,000.00) during the second year of this contract; and the amount of
      ONE
      MILLION NINE HUNDRED NINETY DOLLARS (US$1,990,000.00) during the third year
      of
      this contract. 

    SIXTH:
      OBLIGATIONS OF THE TITLE-HOLDER DURING THE TIME PERIOD OF THE
      OPTION.

    
      	A)  	
              Comply
                with all the obligations that the title certificate imposes to maintain
                the right to the private property of the
                mine.

            

    

    
      	B)  	
              To
                execute all the intended actions to maintain the possession and property
                of the mine;

            

    

    
      	C)  	
              Maintain
                the ELECTOR in condition to continue the
                exploration.

            

    

    
      	D)  	
              Transfer
                the title ownership of the mining concessions to the ELECTOR, if
                the
                ELECTOR is up to date with his investments and obligations at the
                moment
                of execution of the purchase option. The TITLE-HOLDER will transfer
                the
                property and title ownership of the mining concessions referred to
                in the
                aforementioned first clause in the name of THE ELECTOR, by means
                of a
                purchase-sale document.

            

    

    SEVENTH:
      TITLE RIGHTS OF THE TITLE-HOLDER IN CASE OF ABANDONMENT BY THE
      ELECTOR.

    
      	A)  	
              To
                remain as proprietor of the advance payments received between the
                date of
                the contract and the date of the
                abandonment.

            

    

    
      	B)  	
              To
                receive free results of the exploration development up to the moment
                of
                the abandonment.

            

    

    EIGHTH:
      MANNER OF TAKING THE OPTION OR ABANDON SAME.

    The
      ELECTOR must execute his Purchase Option by means of a letter to THE
      TITLE-HOLDER which will be sent to the address indicated in clause fifteenth.
      Said letter must be sent within 60 days prior to the date of expiration of
      this
      contract.

    TENTH:
      TIME PERIOD FOR THE PURCHASE-SALE.

    The
      public deed of the purchase-sale must be celebrated within thirty (30) calendar
      days following the date in which THE ELECTOR decides to execute the purchase
      option and is up to date with his investments that are stated in the fourth
      clause above.

    ELEVENTH:
      AMENDMENTS.

    In
      order
      to be effective, the amendments to this contract must be made in
      writing.

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

    TWELFTH:
      ARBITRATION.

    Any
      controversy or difference related to this contract and its execution or
      cancellation, will be resolved by a board of arbitration composed of three
      (3)
      arbitrators designated by the Medellin Chamber of Commerce, which must be
      received in right.

    THIRTEEN:
      COSTS.

    Each
      party will pay half of the authentication costs and expenses, such as material
      expenses, stamp tax and, in general, any expenses required for the
      authentication and perfection of this contract.

    FOURTEEN:
      GUARANTEE.

    The
      TITLE-HOLDER will guarantee by eviction, in case any third parties claims rights
      of any nature on the area subject of this contract and to make its execution
      difficult and impossible.

    FIFTEENTH:
      ADDRESSES:
      For the
      purposes of notices and correspondence related to this contract the addresses
      of
      the interested parties is as follows:

    

    THE
      TITLE-HOLDER

    CIA.
      SERVICIOS Y LOGISTICOS LTDA.

    STREET

    Attention:
      Charles Major

    THE
      ELECTOR 

    INVESTCOL
      Ltd.

    Mapp
      Street #1 Belize

    Attention:
      Tom Lough

    For
      the
      records, this contract is signed in two copies of the same nature, for each
      party, in Medellin, Columbia on the 25th
      of the
      month of June, 2005.

    CIA.
      SERVICIOS Y LOGISTICOS LTDA.       INVESTCOL
      Ltd.

    THE
      TITLE-HOLDER         THE
      ELECTOR

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