Document:

ex103

    ASSIGNMENT
      AGREEMENT

     

    THIS
      ASSIGNMENT AGREEMENT
      is made
      effective as of April 7, 2006 (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,
      on or
      about June 25, 2006 the OWNER entered into an agreement with ASSIGNOR,
      denominated "Contract for Purchase of Options of Mining Concessions" (the
      "Original Option Purchase") under which OWNER transferred to ASSIGNOR certain
      rights including, among others, (i) an option to commence mining prospecting
      on
      certain option 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; (ii) the right to execute a written purchase option transferring
      ownership of certain option property on or within 60 days of the three year
      termination date; and (iii) the right to transfer the Original Option Contract
      to a third party at any time;

     

    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
      (the "Exploration Fee"); and

     

    WHEREAS,
      on or
      about August 31, 2005 the ASSIGNOR entered into an agreement with ASSIGNEE,
      denominated "Assignment Agreement" (the "Original Assignment Agreement") under
      which ASSIGNOR transferred to ASSIGNEE its rights, interests and obligations
      under the Original Option Contract, and delegated to ASSIGNEE its duties and
      obligations under the Original Option Contract, subject to terms contained
      in
      the Original Assignment Agreement;

     

    WHEREAS,
      OWNER
      also owns (i) certain mining and mineral applications (the "Applications")
      set
      forth on Schedule A with respect to such property (the "Application Property")
      and (ii) certain options to commence mining prospecting on the property set
      forth on Schedule B (the "Option Property"); and

     

    WHEREAS,
      on
      or
      about March 23, 2006 the OWNER entered into an agreement with ASSIGNOR,
      denominated "Contract for Purchase of Options Titles and Applications for Mining
      Concession Contracts" (the "Application and Option Contract"), under which
      OWNER
      transferred to ASSIGNOR certain rights including, among others, (i) rights
      and
      interests under the Applications; (ii) an option to commence mining prospecting
      on the Option Property 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

       

      for
        a
        three (3) year period commencing upon execution of the Application and Option
        Contract and expiring no later than on the third anniversary thereof (the
        "Termination Date"); (iii) the right to execute a written purchase option
        transferring ownership of the Option Property (the "Purchase Option") on
        or within 60 days of the Termination Date; (iv) the right to transfer the
        Application and Option Contract to a third party at any time;
        and

    

     

    WHEREAS,
      as
      more
      fully specified in the Application and Option Contract, ASSIGNOR agreed to
      pay
      OWNER the sum of $10,000 in United States dollars for the Purchase Option,
      and
      the Exploration Fee under the Original Option Contract shall remain unchanged.
      

     

    WHEREAS,
      ASSIGNOR
      desires to sell, assign and transfer to ASSIGNEE, its rights, interests and
      obligations under the Application and Option Contract (including its remaining
      monetary obligations to OWNER thereunder), and to delegate to Assignee its
      duties and obligations under the Application and 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.

     

    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 Application and 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 Option Property and Application 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 

     

     

    
      
        
        

      

      
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    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 February 16, 2006, 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 Application Property or Option
      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, 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 Application and Option Contract 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 Application and
      Option Contract 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, restricted as to transfer in accordance with applicable securities
      laws 

     

     

    
      
        
        

      

      
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    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
      pay
      to ASSIGNOR the sum of $350,000 (collectively referred to herein as the
      "Purchase Price") of which $100,000 was previously paid by ASSIGNEE upon
      execution of the Letter of Intent.
      ASSIGNOR
      covenants and agrees to contemporaneously pay $150,000 to OWNER in connection
      with certain obligations arising under the Application and Option Contract
      and
      to submit proof of payment to ASSIGNEE. 

     

    6.  Closing
      Date.
      The
      Closing of the transaction subject of this Assignment Agreement shall take
      place
      on or before April 12, 2006,
      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  Purchase
      Price.
      Subject
      to fulfillment or waiver of the conditions set forth in Section 6.2 at the
      Closing, ASSIGNEE shall deliver the Purchase Price.

     

    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 Application and 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;

     

    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, the Application Property or the Option
      Property; (iii) no change in the title to the Application Property or the Option
      Property, or terms and conditions of the Application and 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 Application
      Property and the Option Property, satisfactory evidence of ownership, including
      title opinions, and absence of Encumbrances;

     

     

    
      
        
        

      

      
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    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 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 Purchase Price.

     

    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, 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
      

     

     

    
      
        
        

      

      
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    Requirement
      affecting the Application Property or the Option Property, or the rights of
      ASSIGNEE subject to the Application and Option Contract.

     

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

     

    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 Option 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 Option 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 7.1.6:
      (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 

     

     

    
      
        
        

      

      
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    or
      regulation (of any country or state 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 transactions 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;

     

     

    
      
        
        

      

      
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    8.1.2  by
      ASSIGNOR if the Closing shall not have occurred on or before April 30,
2006,
      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

     

    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 $100,000 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 

     

     

    
      
        
        

      

      
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    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. 

     

    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 by 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. 

              375 Water Street

              
                Vancouver,
                  BC

                Attention:
                  Dan Hunter

                Facsimile:
                  604-801-5575

              

            

    

     

    
      
      

       

      
        	
                If
                  to the ASSIGNOR:

              	
                
                  Investcol Limited

                  1 Mapp
                    Street

                

              

      

    

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

     

    
      	 	
              Belize

              
                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.

     

    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: INVESTCOL
LIMITED

            	 	
              ASSIGNEE: COLUMBIA
                GOLDFIELDS LTD.

            
	
              By:

            	/s/
              Tom Lough	 	
              By:

            	/s/ Dan Hunter 
	 	Tom Lough, Legal
              Representative                                  
              	 	 	Dan
              Hunter, President

    

                       

     

    OWNER:

    

    CIA SERVICIOS
      Y LOGISTICOS LTDA.

     

    By:
      /s/ Charles Major

    Charles
      Major, General Managerex104

    AMENDMENT
      TO 

    THE
      AGREEMENT BETWEEN INVESTCOL LIMITED. AND

    COLOMBIA
      GOLDFIELDS LIMITED

    

    THIS
      AMENDMENT TO THE AGREEMENT BETWEEN INVESTCOL LIMITED. AND COLOMBIA GOLDFIELDS
      LIMITED ("Amendment") is made as of April 7, 2006
      by
      and between Investcol Limited, a Belize company ("Invesctol"), and Colombia
      Goldfields, Ltd., a Nevada company ("Colombia Goldfields").

    

    RECITALS:

    

    WHEREAS,
      Investcol and Colombia Goldfields entered into that certain Agreement Between
      Investcol Limited and Colombia Goldfields Limited, dated September 22, 2005
      ("Agreement"), in which Investcol agreed to provide to Colombia Goldfields
      services for project management of the Carmanta Project in Department of
      Antioquia, Colombia; and

    

    WHEREAS,
      Invesctol and Colombia Goldfields desire to enter into this Amendment for the
      purposes set forth herein.

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing recitals, the mutual benefits to be derived
      by
      the parties, the sum of Ten and No/100 Dollars ($10.00) and other good and
      valuable consideration the receipt and sufficiency of which is hereby
      acknowledged, the parties do hereby agree as follows:

     

    
      	1.  	
              The
                foregoing recitals are true and correct and are incorporated
                herein.

            

    

    

    
      	2.  	
              All
                terms not defined herein shall have the meanings ascribed to such
                terms in
                the Agreement.

            

    

    

    
      	3.  	
              Exhibit
                1 of the Agreement shall be amended to include certain mining and
                mineral
                applications on the property set forth on Exhibit A and certain options
                to
                commence mining prospecting on the property set forth on Exhibit
                B under
                which Investcol shall provide to Colombia Goldfields services for
                project
                management. 

            

    

    

    
      	4.  	
              The
                payment by Colombia Goldfields to Investcol under the Agreement shall
                remain unchanged.

            

    

    

    
      	5.  	
              Except
                as expressly amended and modified hereby, the Agreement remains unchanged
                and in full force and effect.

            

    

    

    

    (Signatures
      on following page)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
      executed and delivered as of the date first above written.

    

    INVESTCOL
      LIMITED   

     

    /s/
      T.W.
      Lough
T.W.
      Lough, Legal Representative   

     

     

    COLOMBIA
      GOLDFIELDS LIMITED

    

    /s/
      Dan
      Hunter

    Dan
      Hunter, President

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    EXHIBIT
      A

     

    Mining
      and Mineral Applications

     

    6821

     

    6770

     

    6993

     

    7039

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      B

     

    Options
      to Commence Mining

     

    Mining
      registrations numbers:

     

    072-98
      (HETJ-26)

     

    074-98
      (HETJ-27)

     

    135-98
      (HETJ-31)

     

    136-98
      (HETJ-32)

     

    143-98
      (HETG-01)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]