Document:

TRANSFER OF MINING RIGHTS CONTRACT CELEBRATED BETWEEN PARTIES: A) HÉCTOR MANUEL CERVANTES SOTO, PER HIS OWN RIGHT (THE “PRINCI

TRANSFER OF MINING RIGHTS CONTRACT CELEBRATED BETWEEN PARTIES:
A) HÉCTOR MANUEL CERVANTES SOTO, PER HIS OWN RIGHT (THE “PRINCIPAL OR
TRANSFEROR”) AND BY B) AMERICAN METAL MINING, S. A, DE C.V., REPRESENTED IN THIS
ACT BY RAMIRO TREVIZO LEDEZMA, IN HIS PERSONALITY AS SOLE ADMINISTRATOR AND
LEGAL REPRESENTATIVE (THE “TRANSFEREE”), JOINTLY NAMED AS THE “PARTIES” IN
ACCORDANCE WITH THE PRECEDING RECORDS, DECLARATIONS AND CLAUSES:

PRECEDING RECORDS

I.

The TRANSFEROR is the legitimate title holder of 100 % (one
hundred per cent)   of the rights derived from the mining concessions
described following:

		
	
Title
	
229,013

	
Name of Lot
	
EL MONO

	
Location
	
Municipality of Choix, State of Sinaloa

	
Surface
	
100,0000 Hectares

		
	
Title
	
229,014

	
Name of
Lot
	
REYNA

	
Location
	
Municipality of
Choix, State of Sinaloa

	
Surface
	
100,0000
Hectares

		
	
Title
	
229,015

	
Name of Lot
	
CENTENARIO

	
Location
	
Municipality of Choix, State of Sinaloa

	
Surface
	
400,0000 Hectares

		
	
Title
	
231,262

	
Name of Lot
	
EL SOL

	
Location
	
Municipality of Choix, State of Sinaloa

	
Surface
	
200,0000 Hectares

		
	
Title
	
231,262

	
Name of
Lot
	
EL
MONO

	
Location
	
Municipality of
Choix, State of Sinaloa

	
Surface
	
200,0000
Hectares

1

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

		
	
Title
	
230,121

	
Name of Lot
	
LA VERDE

	
Location
	
Municipality of Choix, State of Sinaloa

	
Surface
	
400,0000 Hectares

II.

Likewise, the TRANSFEROR is the legitimate petitioner of
100 % (One hundred   per cent) of the rights derived from the mining
concessions described following:

		
	
File
	
95/12876

	
Name of Lot
	
EL ORO

	
Location
	
Municipality of Choix, State of Sinaloa

	
Surface
	
600,0000 Hectares

		
	
File
	
95/12906

	
Name of Lot
	
SANALOYA

	
Location
	
Municipality of Choix, State of Sinaloa

	
Surface
	
5000,0000 Hectares

III.

For purposes of this instrument, the concessions described in the
previous numeral I   will be identified as the CONCESSIONS, and
the concession petitions described in   numeral II will be known as
the FUTURE CONCESSIONS, and;

IV.

Because it so is convenient to both parties’ interests,
THESE have decided to subscribe this present contract with the purpose
that the CONCESSIONS and the   FUTURE CONCESSIONS be
transferred in favor of the TRANSFEREE   accordingly to the
terms and conditions set down in this present instrument, and
  becoming obliged to pay a determined price as a counterplea in favor
of the   TRANSFEROR.

DECLARATIONS

I.

The TRANSFEROR declares per his own right and under oath of
stating the truth,   that:

1. He is a Mexican citizen, of age, in complete enjoyment of his
physical and mental   faculties, and so has the full capacity to
subscribe this present contract;

2. To be duly inscribed in the Federal Taxpayers Registry under
Fiscal Identification   Certificate CESH-6208003-JCA, and to be
current in his income tax payments and   other contributions that have
corresponded to him;

2

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

3. To be the legitimate title holder of the rights derived from
the CONCESSIONS   and of the FUTURE CONCESSIONS, same
that to date are current in payment of   rights and other
contributions that have corresponded to him in accordance to the
  Mining Law and its Rulings, among other current and applicable legal
dispositions;

4. As of the date of subscription of this present contract he has
not subscribed any   other contract or agreement that may impair
availing himself of the rights of which   he is title holder of the
already named CONCESSIONS and FUTURE   CONCESSIONS, and
reason by which he enjoys the capacity and legitimacy to   freely
negotiate them in order to celebrate this present transfer of rights contract
  under the specified terms;

5. The CONCESSIONS and the FUTURE CONCESSIONS are
free of liens, affectations and limitations of ownership, and are up to date in
compliance to the   obligations that regarding these administrative
authorizations are stated in the   Mining Law and its Rulings, among
other current and applicable legal   dispositions, and;

6. It is his free will to transfer in total and onerously in favor
of the TRANSFEREE   the rights related to the
CONCESSIONS and FUTURE CONCESSIONS,   strictly complying
with the terms and conditions of this present contract.

II.

The TRANSFEREE, through the offices of its legal
representative and under oath of stating the truth, declares, that:

1.  It is a Mexican mercantile society, duly established and
operating in agreement  with current legislation as applicable in the
United States of Mexico as proven in   Public Writ number 17,227,
granted on the 4th December 2006 before testimony of   Mr.
Eugenio Fernando García Russek, Attorney at Law and candidate to the
  practice of Notary Public and being adscribed to Notary Public
Office number 28 of   the Morelos Judicial District of the State of
Chihuahua of which Mr. Felipe Colomo   Castro, Attorney at Law, is
title holder, and instrument that if duly inscribed in the   Public
Registry of Commerce of stated district under electronic mercantile folio
  number 23,327 * 10;

2. That he enjoys the powers, mandates and necessary and
sufficient faculties in order to subscribe this present contract as proven in
the already described Public   Writ in the above numeral, and same
that to date have not been limited, restrained,   suspended or
revoked;

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. To be duly inscribed in the Federal Taxpayers Registry under
Fiscal Identification   Certificated AMM-061204-4R7, and being
to date current in its income tax   payments and other contributions
that might have corresponded, and;

4. It is the will of its Administration Board to subscribe this
present contract with   the purpose that the TRANSFEROR cedes
in total onerously the rights derived 

3

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

from the CONCESSIONS and FUTURE CONCESSIONS, and
strictly complying   to the terms and conditions of this contract.

III.

PARTIES declare, the first one per its own right and the
second one through the offices of its legal representative, under oath of
stating the truth, that they assist to   the subscription of this
present document in good faith, free of any deceit, error,   violence
or whatever other vitiation in their consent with the purpose of committing
  themselves to the following:

CLAUSES

FIRST. OBJECT:  In compliance to articles 2,029 and
2,248 of the Federal Civil Code, and of supplemental application with article
23, last paragraph of the Mining Law, as well as with the 2nd article
of the Code or Commerce, by virtue of the subscription of this present contract,
the TRANSFEROR cedes onerously and definitely in favor of the
TRANSFEREE 100 % (one hundred per cent) of the mining rights
derived from the CONCESSIONS and FUTURE CONCESSIONS described in
the Previous Records of this contract and receiving in exchange as a counterplea
the certain and determined price described in the following clause:

SECOND. PRICE: As a counterplea for the described transfer,
the TRANSFEREE commits himself to pay in favor of the TRANSFEROR
the amount of $1’647,000.00 Dollars (One million six hundred and forty seven
thousand Dollars 00/100 in currency of the United States of America) plus
the corresponding Added Value Tax, to be: $247,050.00 Dollars (Two hundred and
forty seven thousand and fifty Dollars 00/100 in currency of the United States
of America), for a total payable amount of $1’894,050 Dollars (One million
eight hundred and ninety four thousand and fifty Dollars 00/100 in currency of
the United States of America) (the “PRICE”), strictly complying to
the terms and conditions agreed in this instrument.

THIRD. MANNER, TIME AND PLACE OF PAYMENT: The
PARTIES agree that the TRANSFEREE must pay the PRICE in
favor of the TRANSFEROR accordingly to the following schedule of partial
payments:

1.

 On the 28th November 2008 the amount of
$35,000.00 (Thirty five thousand Dollars 00/100 in currency of the
United States of America) plus the   corresponding Added Value
Tax, for a total of: $40,250.00 Dollars (Forty   thousand and two
hundred and fifty Dollars 00/100 in currency of the United   States of
America);

 

 

2.

On the 28th March 2009 the amount of $35,000.00
(Thirty five thousand Dollars 00/100 in currency of the United States of
America) plus the   corresponding Added Value Tax, for a total of:
$40,250.00 Dollars (Forty 

4

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

thousand and two hundred and fifty Dollars 00/100 in currency
of the United States of America);

 

 

3.

On the 28th July 2009, the amount of $80,000.00
Dollars (Eighty thousand Dollars 00/100 in currency of the United States
of America), plus the   corresponding Added Value Tax, for a total
of: $92,000.00 Dollars (Ninety two   thousand Dollars 00/100 in
currency of the United States of America);

 

 

4.

On the 28th November 2009, the amount of $110,000.00
Dollars (One hundred and ten thousand Dollars in currency of the United
States of America) plus the   corresponding Added Value Tax, for a
total of: $126,500.00 Dollars (One hundred   twenty six thousand
and five hundred Dollars in currency of the United States   of
America);

 

 

5.

On the 28th November 2010, the amount of $250,000.00
Dollars (Two hundred and fifty thousand Dollars in currency of the United
States of America) plus the   corresponding Added Value Tax, for a
total of: $287,500.00 Dollars (Two hundred   eighty seven thousand
and five hundred Dollars in currency of the United   States of
America);

 

 

6.

On the 28th May 2011, the amount of $250,000.00
Dollars (Two hundred and fifty thousand Dollars in currency of the United
States of America) plus the   corresponding Added Value Tax, for a
total of: $287,500.00 Dollars (Two hundred   eighty seven thousand
and five hundred Dollars in currency of the United   States of
America);

 

 

7.

On the 28th November 2011, the amount of $250,000.00
Dollars (Two hundred and fifty thousand Dollars in currency of the United
States of America) plus the   corresponding Added Value Tax, for a
total of: $287,500.00 Dollars (Two hundred   eighty seven thousand
and five hundred Dollars in currency of the United   States of
America);

 

 

8.

On the 28th May 2012, the amount of $250,000.00
Dollars (Two hundred and fifty thousand Dollars in currency of the United
States of America) plus the   corresponding Added Value Tax, for a
total of: $287,500.00 Dollars (Two hundred   eighty seven thousand
and five hundred Dollars in currency of the United   States of
America);

 

 

9. 

On the 28th November 2012, the amount of $387,000.00
Dollars (Three hundred

eighty seven thousand Dollars in currency of the United States
of America)    plus the corresponding Added Value Tax, for a
total of; $445,050.00 Dollars (Four   hundred forty five thousand
and fifty Dollars in currency of the United States   of
America).

Regardless of the terms agreed upon, the TRANSFEROR
expressly grants in favor of the TRANSFEREE a term of 30 (thirty) natural
days beginning as of the dates in which stated partial payments come due, in
order to comply to same.

5

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

Payments described must be carried out by means of nominal check
and delivered at the TRANSFEROR’S address, or, by means of electronic
transfer of funds to the account that for such a purpose be eventually
determined by the TRANSFEROR, having previously notified the
TRANSFEREE 10 (ten) natural days in advance regarding account number.

In case
of delaying payment for any of the amounts agreed upon in this clause, the
TRANSFEREE commits himself to pay the amount resulting from estimating
the corresponding 3 % (three per cent) a month for delay of payment on unpaid
balance.

FOURTH. CONCESSION TITLES: In compliance to the
requirements set in articles 2,284 and 2,291 of the Federal Civil Code, the
TRANSFEROR commits himself to deliver on this same date to
TRANSFEREE, in the usual address of latter, the titles to the mining
CONCESSIONS that cover the rights on same. Likewise, the TRANSFEROR
commits himself to deliver the titles of the FUTURE CONCESSIONS, once
these have been properly registered before the Public Registry of Mines, a
dependency of the Secretary of the Economy.

FIFTH. DISCUMBRANCE IN CASE OF EVICTION: The
TRANSFEROR commits himself to repair in favor of the TRANSFEREE
any discumbrance in case of eviction from the CONCESSIONS and of the
FUTURE CONCESSIONS as indicated in article 2,283, fraction III of the
Federal Civil Code among other applicable legal dispositions.

SIXTH. GUARANTEE: With the purpose of guaranteeing the
compliance of payment obligations agreed upon in this present contract, the
TRANSFEREE constitutes, indicates and grants in guarantee in favor of the
TRANSFEROR the totality of the rights derived from the CONCESSIONS
and of the FUTURE CONCESSIONS in the understanding that, in case the
TRANSFEREE incurs in a non compliance regarding the obligations consigned
in this instrument, such rights will be returned or restituted in favor of the
TRANSFEROR, free of liens, encumbrances or limitations of ownership.

SEVENTH. PROMISE OF EXPLORATION AND EXPLOITATION: Likewise,
PARTIES commit themselves to subscribe at the latest on the
5th November 2008, an Exploration and Exploitation Contract regarding
the mining concession on lot named “Centenario”, integrated in the
CONCESSIONS under title number 229,015 on a total surface of 400,0000
Hectares (Four hundred hectares), located in the Municipality of Choix, State of
Sinaloa.

Among
others, the main terms and conditions of the mentioned contract will be that the
PARTIES will have the right to explore, either jointly or separately, the
concession on lot named “Centenario”. However, only the TRANSFEROR will
enjoy the exclusive right to explore the mentioned mining concession and the
TRANSFEREE shall commit himself not to perturb in any way such activity.
Finally, PARTIES agree as of this moment that the duration of the
contract in comment will be of 2 (two) years as of the date of its
subscription.

EIGHTH: ADMINISTRATIVE OBLIGATIONS: The TRANSFEREE
expressly commits himself to maintain the CONCESSIONS and the FUTURE
CONCESSIONS 

6

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

current by complying to such an effect with the paper work and
payments of the respective rights and subjecting himself to the general
dispositions and Mexican official standards of the mining and metal industry,
agreeing with article 27 of the Mining Law, among other applicable, its Ruling
and others of the current and applicable legislation.

Regardless the above, in agreement with article 23, third
paragraph of the Mining Law, the non compliance to the obligations referred to
previously, as well as to those mentioned in this present instrument on the part
of the TRANSFEREE does not relieve the TRANSFEROR of complying
with them.

NINTH.  FORMALIZATION OF TRANSFER OF RIGHTS.
 PARTIES commit themselves to ratify before Notary Public or
Public Broker this present document at their earliest convenience with the
purpose that same be inscribed in the Public Registry of Mining, a dependency of
the Secretary of the Economy, as well as with the purpose of carrying out
whatever other required administrative paper work in agreement with articles
2,034, fraction III, of the Federal Civil Code, fraction VI, 47 of the Mining
Law, 83, last paragraph of the Mining Law Ruling, and others of the current and
applicable legislation. The totality of related expenses with the compliance of
this present clause will be charged to the TRANSFEREE.

TENTH. PROOF OF PAYMENT: Against payment of the monetary
obligations charged against the TRANSFEREE as agreed in this present
contract, the TRANSFEROR commits himself to issue and deliver, within the
following 5 (five) natural days as of the date of payment, a voucher containing
the imposed requirements by the current and applicable legislation at that
time.

 ELEVENTH. CONFIDENTIALITY:  PARTIES
expressly oblige themselves to keep the totality of past, present and future
information in a confidential manner related to this instrument and extending
such an obligation to any individual or corporation it mat be disclosed to.

The
PARTY recipient of confidential information must limit access to it to
its representatives and employees that, under a reasonable and justified cause,
should petition access to such information. In such an event, PARTIES
must require such entities to commit themselves to the obligation of
confidentiality imposed upon subjects to whom such confidential information is
disclosed to.

For
purposes of this present clause, the following will not be considered
confidential information: 1. Information legitimately known and obtained by the
recipient PARTY previous to the subscription of this agreement; 2.
Information that to date or in the future be considered as public domain, if and
ever such consideration down not stem from an incompliance by any of the
PARTIES to the stipulations in this clause, or; 3. Information that must
be disclosed to in conformity to law per an administrative or judicial mandate
issued by competent authorities, including those of the Stock Exchange.

In case
of non compliance, PARTIES expressly reserve to themselves actions that
according to law correspond to them, either administrative or judicial in order
to claim 

7

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

indemnity due to harm and damages caused, as well as the
application of corresponding sanctions.

TWELFTH. DURATION AND ADVANCED TERMINATION:  This
present contract will have a duration as of the 24th November
2008 to the 28th December 2012, dateline for the payment
of the pending balance of the PRICE by the TRANSFEREE in favor of
the TRANSFEROR.

None of
the PARTIES will be able to terminate in advance this present instrument
excepting there exists an advance annulment or termination agreement subscribed
between them in common agreement.

THIRTEENTH. NON COMPLIANCE AND CANCELLATION: PARTIES
agree that in case one of them does not comply to any of the obligations
accepted by virtue of the subscription of this present instrument, the
counterpart will be in its right to require the forceful compliance of the
obligation not honored, as one option or the cancellation of this present
contract as second option, as well as the payment of an indemnity due to harm
and damages in both cases.

PARTIES expressly agree that, in the event this contract
may not be carried out in its totality by causes imputable to the
TRANSFEREE, or by force majeure reasons, by a fortuitous case or
on account of natural forces, on one side, or the cancellation or expressed
termination of the contract, on the other under the terms of the above written
clause, all payments done in favor of the TRANSFEROR up to that date,
will remain in this latter’s favor.

The
cancellation of this contract by the reason stated will not free any of the
PARTIES from complying to the obligations they were supposed to carry out
previous of the date of the actual cancellation.

FOURTEENTH. SEPARATE ENTITIES: None of the terms and
conditions of this present instrument must be interpreted in the sense that the
PARTIES have constituted any relation, society or association, reason by
which they are not merged nor their assets put together for fiscal
responsibility purposes or before third parties or by any nature whatsoever.

FIFTEENTH. FISCAL OBLIGATIONS: On being registered and
regularized before the Federal Taxpayers Registry, and being to date in their
income tax payments and other contributions corresponding to them to date,
PARTIES agree that each one individually will defray payment on taxes
corresponding to them in separate in compliance to the terms and conditions of
this present instrument, and subjecting themselves to the current and applicable
fiscal legislation, and obliging themselves to free their counterpart from any
fiscal responsibility that might be imputed contrary to this Clause by competent
authorities.

SIXTEENTH. LABOR RELATIONS: In order for each
PARTY’S compliance to the obligations contracted by virtue of the
subscription of this contract, they state they will act as totally independent
entities from each other and reason by which under no manner it 

8

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

should be understood that there exists a labor relationship
between them, thus leaving without effect the possibility of enforcing the labor
as well as the current Social Security legislations. Consequently,
PARTIES under no assumption will be able to hire employees or workers in
the name and representation of their counterpart.

Concerning their workers and employees, PARTIES state that
there exists no labor relationship at all between the workers and employees of
the TRANSFEROR and the TRANSFEREE, or vice versa. Thus,
PARTIES state being the employers of their own workers and employees
complying with the current and applicable Social Security and Labor legislations
and being the sole responsible entities regarding social security and labor
relations to be complied with in favor of mentioned subjects.

Consequently, PARTIES commit themselves to free their
counterparts from any social security and labor responsibility that might be
imputable contrary to this Clause in relation to their own workers and employees
under the terms of the current and applicable social security and labor
legislations.

SEVENTEENTH. ADDRESSES AND CONTACT TELEPHONES:
PARTIES agree that for everything concerning the execution and compliance
of the terms and conditions of this present instrument, as well as to render
announcements, notifications and other communication in relation to same, state
their addresses and contact telephones to be the following:

     TRANSFEROR 

     TRANSFEREE

               
Av. Independencia 2812
                   
 Calle California número 5101-206

                Col.
Santa Rosa C.P. 31050
              
Colonia Haciendas Santa Fe

                Ciudad
de Chihuahua, Chih.
               
Ciudad de Chihuahua, Chih.

               
Phone:
01-614-415-1971                    Phone:
01-614-200-8481

   

In the
event of a change of address, PARTIES agree in notifying their
counterparts of such a fact at least 5 (five) natural days previous of the date
in which the change actually takes place.

EIGHTEENTH. ANNOUNCEMENTS, NOTIFICATIONS AND COMMUNICATIONS:
PARTIES agree that any announcement, notification or communication
necessary to render to their counterpart must be carried out in writing.

The
delivery of such documents can be done in the following three manners: 1. By
common courier delivered by hand or by certificate mail, both with
acknowledgement of receipt; 2. By means of Fax, or: 3. By electronic mail. In
this latter case, delivery will be considered validly and legally carried out
only when the reception of the respective electronic mail is confirmed likewise
within the following 3 (three) natural days of its being sent, either 

9

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

automatically by means of a software program, or in an
expressed manner by means of and answering and confirmation message sent back by
the recipient.

PARTIES likewise agree that announcements, notifications
and communications done and related to this present instrument will be in effect
on the day of reception. In case such communications bear some kind of term,
same will be in effect on the following day of its reception, independently if
the day be able or natural.

NINETEENTH. PERSONS TO BE IN TOUCH WITH: PARTIES
agree that the totality of announcements, notifications or communications
necessary for their counterpart to know and derived from the terms and
conditions of this present instrument, must be addressed indistinctly to the
following persons:

 
     TRANSFEROR                             
             
TRANSFERREE
HÉCTOR MANUEL CERVANTES
SOTO    RAMIRO  TREVIZO
LEDEZMA 

AGUSTÍN CERÓN
GUEDEA                       
 RAMIRO TREVIZO GONZÁLEZ

   

In case
it be their will to change contact persons, PARTIES agree in notifying
their counterpart of such a wish and circumstance at least 5 (five) natural days
previous of the date of the actual change. Not complying to the obligation
stated will imply that the announcements, notifications and communications sent
and delivered in the name to the original addressees of the PARTY
carrying out the change, will bear all legal effects in favor of the
PARTY not having been notified in all opportunity and beginning as of the
date of delivery and for as long as the non compliance subsists.

TWENTIETH. TOTALITY OF CONTRACT: PARTIES accept that
this present agreement contains the whole of the agreements between them
regarding the objective, and leaves without effect as well as cancels the
totality of agreements, reports, negotiations, correspondence, commitments and
communications carried out previously between them, either in writing or
verbal.

TWENTY FIRST. MODIFICATIONS: The terms and conditions of
this present instrument can only be modified by virtue of the subscription of
modifying agreements between the PARTIES. Such agreements must be
attached as addenda to a common copy of this contract and searching for a
complete interpretation of the terms and conditions that the PARTIES
might have agreed upon.

TWENTY SECOND. APPLICABLE LAW: This present instrument will
be subject and shall be interpreted in conformity to the Mining Law, its Rulings
and the Federal Civil Code among other current and applicable legal dispositions
within the United States of Mexico.

TWENTY THIRD. JURISDICTION: In case of any controversy
arising in relation to the validity, intention, interpretation, execution or
compliance of this contract, PARTIES 

10

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.

expressly agree to submit same before the competent law courts of
the Morelos Judicial District, in the City of Chihuahua, State of Chihuahua, and
renouncing to any other jurisdiction or tribunal that might correspond to them
by reason of their current or future addresses and to any other
circumstance.

BOTH
PARTIES BEING IN THE KNOWLEDGE OF THE FORCE AND LEGAL REACH OF THIS PRESENT
CONTRACT, SUBSCRIBE IT BEING TOGETHER IN THE CITY OF CHIHUAHUA, STATE OF
CHIHUAHUA, ON THE TWENTY FIFTH NOVEMBER OF THE YEAR TWO THOUSAND AND EIGHT.

TRANSFEREE 

TRANSFEROR

      Signature

      Signature

American Metal Mining, S.A. C.V.

           
Héctor Manuel 

Represented in this act by:

Cervantes Soto

              

               
/s/ Ramiro Trevizo
Ledezma                                                             
/s/ Hector Manuel Cervantes Soto

RAMIRO TREVIZO LEDEZMA 

PER HIS OWN RIGHT

 

11

Transfer of Mining
Rights Contract subscribed on the 25th November 2008 between: A)
Héctor Manuel Cervantes Soto and B) American Metal Mining, S.A. de C.V.ex1068.htm

     

    Exhibit
10.68

     

    Chordiant
Software, Inc.

    

    2005
Equity Incentive Plan

    Stock
Option Grant Notice

     

    Chordiant
Software, Inc. (the “Company”),
pursuant to its 2005 Equity Incentive Plan (the “Plan”),
hereby grants to Optionholder an option to purchase the number of shares of the
Company’s Common Stock set forth below.  This option is subject to all
of the terms and conditions as set forth herein, in the Stock Option Agreement
and the Plan, both of which are attached hereto and incorporated herein in their
entirety.

     

    
      	
              Optionholder:

            	
               %%FIRST_NAME%-%
      %%LAST_NAME%-%

            	 
      
	 
      	 
      	 
      
	
              Address:

            	
              %%ADDRESS_LINE_1%-%

            	 
      
	 
      	
              %%ADDRESS_LINE_2%-%

            	 
      
	 
      	
              %%ADDRESS_LINE_3%-%

            	 
      
	 
      	
              %%CITY%-%,
      %%STATE%-% %%ZIPCODE%-%

            	 
      
	 
      	
              %%COUNTRY%-%

            	 
      
	 
      	 
      	 
      
	
              Date
      of Grant:

            	
              %%OPTION_DATE%-%

            	 
      
	
              Vesting
      Commencement Date:

            	
              %%VEST_BASE_DATE%-%

            	 
      
	
              Type
      of Grant1:

            	
              %%OPTION_TYPE%-%

            	 
      
	
              Option
      Number:

            	
              %%OPTION_NUMBER%-%

            	 
      
	 
      	 
      	 
      
	
              Number
      of Shares Subject to Option:

            	
              %%TOTAL_SHARES_GRANTED%-%

            	 
      
	
              Exercise
      Price (Per Share):

            	
              %%OPTION_PRICE%-%

            	 
      
	
              Total
      Exercise Price:

            	
              %%TOTAL_OPTION_PRICE%-%

            	 
      
	
              Exercise
      Schedule:

            	
              Same
      as vesting schedule below

            	 
      
	
              Payment:

            	
              By
      one or a combination of the following items:

            	 
      
	 
      	
              · By
      cash, check bank draft or money order payable to the
    Company

            	 
      
	 
      	
              · Pursuant
      to a Regulation T Program if the shares are publicly
traded

            	 
      
	 
      	
              · Subject
      to the Company’s consent at the time of exercise, by delivery of
      already-owned shares

            	 
      
	 
      	
              · Subject
      to the Company’s consent at the time of exercise, by a “net exercise”
      arrangement2

            	 
      
	 
      	 
      	 
      

    

    

    Shares
in each period will become fully vested on the date
shown.  Notwithstanding the foregoing, vesting will terminate upon the
Optionholder’s termination of Continuous Service.

    

    
      	
              Shares

            	
              Vest
      Type

            	
              Full
      Vest

            	
              Expiration

            
	
              %%SHARES_PERIOD1%-%

            	
              %%VEST_TYPE_PERIOD1%-%

            	
              %%VEST_DATE_PERIOD1%-%

            	
              %%EXPIRE_DATE_PERIOD1%-%

            
	
              %%SHARES_PERIOD2%-%

            	
              %%VEST_TYPE_PERIOD2%-%

            	
              %%VEST_DATE_PERIOD2%-%

            	
              %%EXPIRE_DATE_PERIOD2%-%

            
	
              %%SHARES_PERIOD3%-%

            	
              %%VEST_TYPE_PERIOD3%-%

            	
              %%VEST_DATE_PERIOD3%-%

            	
              %%EXPIRE_DATE_PERIOD3%-%

            
	
              %%SHARES_PERIOD4%-%

            	
              %%VEST_TYPE_PERIOD4%-%

            	
              %%VEST_DATE_PERIOD4%-%

            	
              %%EXPIRE_DATE_PERIOD4%-%

            
	
              %%SHARES_PERIOD5%-%

            	
              %%VEST_TYPE_PERIOD5%-%

            	
              %%VEST_DATE_PERIOD5%-%

            	
              %%EXPIRE_DATE_PERIOD5%-%

            
	
              %%SHARES_PERIOD6%-%

            	
              %%VEST_TYPE_PERIOD6%-%

            	
              %%VEST_DATE_PERIOD6%-%

            	
              %%EXPIRE_DATE_PERIOD6%-%

            
	
              %%SHARES_PERIOD7%-%

            	
              %%VEST_TYPE_PERIOD7%-%

            	
              %%VEST_DATE_PERIOD7%-%

            	
              %%EXPIRE_DATE_PERIOD7%-%

            
	
              %%SHARES_PERIOD8%-%

            	
              %%VEST_TYPE_PERIOD8%-%

            	
              %%VEST_DATE_PERIOD8%-%

            	
              %%EXPIRE_DATE_PERIOD8%-%

            
	
              %%SHARES_PERIOD9%-%

            	
              %%VEST_TYPE_PERIOD9%-%

            	
              %%VEST_DATE_PERIOD9%-%

            	
              %%EXPIRE_DATE_PERIOD9%-%

            
	
              %%SHARES_PERIOD10%-%

            	
              %%VEST_TYPE_PERIOD10%-%

            	
              %%VEST_DATE_PERIOD10%-%

            	
              %%EXPIRE_DATE_PERIOD10%-%

            

    

    

     

    Additional
Terms/Acknowledgements:  By accepting this option, the
Optionholder acknowledges receipt of, and understands and agrees to, this Stock
Option Grant Notice, the Stock Option Agreement, the Plan and the Plan
Prospectus.  Optionholder further acknowledges that as of the Date of
Grant, this Stock Option Grant Notice, the Stock Option Agreement and the Plan
set forth the entire understanding between Optionholder and the Company with
respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Optionholder with respect to
the subject matter hereof.

     

    

    

      

    

      
      1           If
this is an Incentive Stock Option, it (plus other outstanding Incentive Stock
Options) cannot be first exercisable for more than
$100,000 in value (measured by exercise price) in any calendar
year.  Any excess over $100,000 is a Nonstatutory Stock
Option.

    

      
      2           Any
portion of this option intended to qualify as an Incentive Stock Option may not
be exercised by net exercise.

    

    
      
         

      

      
         

        
          

        

      

      
         

        
          Exhibit
10.68

        

      

    

    

     

    

     

    Attachment
I

    

    Chordiant
Software, Inc.

    

    2005
Equity Incentive Plan

    Stock
Option Agreement

    

    (Incentive
Stock Option or Nonstatutory Stock Option)

    

    

    Pursuant
to your Stock Option Grant Notice (the “Grant
Notice”) and this Stock Option Agreement, Chordiant Software, Inc. (the
“Company”)
has granted you an option under its 2005 Equity Incentive Plan (the “Plan”) to
purchase the number of shares of the Company’s Common Stock indicated in your
Grant Notice at the exercise price indicated in your Grant Notice. Defined terms
not explicitly defined in this Stock Option Agreement but defined in the Plan
shall have the same definitions as in the Plan.

    

    The
details of your option are as follows:

    

    1.           Vesting. Subject to the limitations
contained herein, your option will vest as provided in your Grant Notice,
provided that vesting will cease upon the termination of your Continuous
Service.

    

    2.           Number
of Shares and Exercise Price. The number of shares of
Common Stock subject to your option and your exercise price per share referenced
in your Grant Notice may be adjusted from time to time for Capitalization
Adjustments.

    

    3.           Exercise
Restriction for Non-Exempt Employees.  In
the event that you are an Employee eligible for overtime compensation under the
Fair Labor Standards Act of 1938, as amended (i.e., a “Non-Exempt
Employee”), you may not exercise your option until you have completed at
least six (6) months of Continuous Service measured from the Date of Grant
specified in your Grant Notice, notwithstanding any other provision of your
option.  Notwithstanding the foregoing, consistent with the provisions of
the Worker Economic Opportunity Act, upon your death or Disability, or upon a
Corporate Transaction or a Change in Control in which the vesting of your option
accelerates, your option, to the extent then vested, may be exercised earlier
than six (6) months following the Date of Grant.  The foregoing
provision is intended to operate so that any income derived by a
Non-Exempt Employee in connection with the exercise or vesting of this
option will be exempt from his or her regular rate of pay.

    

    4.           Method
of Payment.
Payment of the exercise price is due in full upon

    exercise
of all or any part of your option. You may elect to make payment of the exercise
price in cash or by check or in any other manner permitted by your
Grant Notice, which may include one or more of the
following:

    

    (a)           In
the Company’s sole discretion at the time your option is exercised and provided
that at the time of exercise the Common Stock is publicly traded and quoted
regularly, pursuant to a program developed under Regulation T as promulgated by
the Federal Reserve Board that, prior to the issuance of Common Stock, results
in either the receipt of cash (or check) by the Company or the receipt of
irrevocable instructions to pay the aggregate exercise price to the Company from
the sales proceeds.

    

    (b)           Subject
to the consent of the Company at the time of exercise, provided that at the time
of exercise the Common Stock is publicly traded and quoted regularly, by
delivery of already-owned shares of Common Stock either that you have held for
the period required to avoid a charge to the Company’s reported earnings or that
you did not acquire, directly or indirectly from the Company, that are owned
free and clear of any liens, claims, encumbrances or security interests, and
that are valued at Fair Market Value on the date of exercise. “Delivery” for
these purposes, in the sole discretion of the Company at the time you exercise
your option, shall include delivery to the Company of your attestation of
ownership of such shares of Common Stock in a form approved by the Company.
Notwithstanding the foregoing, you may not exercise your option by tender to the
Company of Common Stock to the extent such tender would violate the provisions
of any law, regulation or agreement restricting the redemption of the Company’s
stock.

    

    (c)           If
the option is a Nonstatutory Stock Option, subject to the consent of the Company
at the time of exercise, by a “net exercise” arrangement pursuant to which the
Company will reduce the number of shares of Common Stock issued upon exercise of
your option by the largest whole number of shares with a Fair Market Value that
does not exceed the aggregate exercise price; provided, however, that the
Company shall accept a cash or other payment from you to the extent of any
remaining balance of the aggregate exercise price not satisfied by such
reduction in the number of whole shares to be issued; provided further, however,
that shares of Common Stock will no longer be outstanding under your option and
will not be exercisable thereafter to the extent that (1) shares are used to pay
the exercise price pursuant to the “net exercise,” (2) shares are delivered to
you as a result of such exercise, and (3) shares are withheld to satisfy tax
withholding obligations.

    

    5.           Whole
Shares. You may
exercise your option only for whole shares of Common Stock.

    

    6.           Securities
Law Compliance.
Notwithstanding anything to the contrary contained herein, you may not
exercise your option unless the shares of Common Stock issuable upon such
exercise are then registered under the Securities Act or, if such shares of
Common Stock are not then so registered, the Company has determined that such
exercise and issuance would be exempt from the registration requirements of the
Securities Act. The exercise of your option also must comply with other
applicable laws and regulations governing your option, and you may not exercise
your option if the Company determines that such exercise would not be in
material compliance with such laws and regulations.

    

    7.           Term. You may not exercise your
option before the commencement of its term or after its term expires. The term
of your option commences on the Date of Grant and expires upon the earliest of
the following:

    

    (a)           immediately
upon the termination of your Continuous Service for Cause;

    

    (b)           three
(3) months after the termination of your Continuous Service for any reason other
than Cause, Disability or death, provided that if during any part of such three
(3) month period you may not exercise your option solely because of the
condition set forth in the preceding paragraph relating to “Securities Law
Compliance,” your option shall not expire until the earlier of the Expiration
Date or until it shall have been exercisable for an aggregate period of three
(3) months after the termination of your Continuous Service;

    

    (c)           twelve
(12) months after the termination of your Continuous Service due to your
Disability;

    

    (d)           eighteen
(18) months after your death if you die either during your Continuous Service or
within three (3) months after your Continuous Service terminates for any reason
other than Cause;

    

    (e)           the
Expiration Date indicated in your Grant Notice; or

    

    (f) the
day before the tenth (10th) anniversary of the Date of Grant.

    

    If
your option is an Incentive Stock Option, note that, to obtain the federal
income tax advantages associated with an Incentive Stock Option, the Code
requires that at all times beginning on the Date of Grant of your option and
ending on the day three (3) months before the date of your option’s exercise,
you must be an employee of the Company or an Affiliate, except in the event of
your death or Disability. The Company has provided for extended exercisability
of your option under certain circumstances for your benefit but cannot guarantee
that your option will necessarily be treated as an Incentive Stock Option if you
continue to provide services to the Company or an Affiliate as a Consultant or
Director after your employment terminates or if you otherwise exercise your
option more than three (3) months after the date your employment
terminates.

    

    8.           Exercise.

    

    (a)           You
may exercise the vested portion of your option (and the unvested portion of your
option if your Grant Notice so permits) during its term by delivering a Notice
of Exercise (in a form designated by the Company) together with the exercise
price to the Secretary of the Company, or to such other person as the Company
may designate, during regular business hours, together with such additional
documents as the Company may then require.

    

    (b)           By
exercising your option you agree that, as a condition to any exercise of your
option, the Company may require you to enter into an arrangement providing for
the payment by you to the Company of any tax withholding obligation of the
Company arising by reason of (1) the exercise of your option, (2) the lapse of
any substantial risk of forfeiture to which the shares of Common Stock are
subject at the time of exercise, or (3) the disposition of shares of Common
Stock acquired upon such exercise.

    

    (c)           If
your option is an Incentive Stock Option, by exercising your option you agree
that you will notify the Company in writing within fifteen (15) days after the
date of any disposition of any of the shares of the Common Stock issued upon
exercise of your option that occurs within two (2) years after the date of your
option grant or within one (1) year after such shares of Common Stock are
transferred upon exercise of your option.

    

    9.           Transferability.

    

    (a)           Restrictions on
Transfer.  Your option shall not be transferable except by will
or by the laws of descent and distribution and shall be exercisable during your
lifetime only by you; provided, however, that the
Board may, in its sole discretion, permit transfer of your options in a manner
that is not prohibited by applicable tax and securities laws upon your
request.

     

    (b)           Domestic Relations
Orders.  Notwithstanding the foregoing, your option may be
transferred pursuant to a domestic relations order; provided, however, that if
your option is an Incentive Stock Option, your option shall be deemed to be a
Nonstatutory Stock Option as a result of such transfer.

     

    (c)           Beneficiary
Designation.  Notwithstanding the foregoing, you may, by
delivering written notice to the Company, in a form provided by or otherwise
satisfactory to the Company and any broker designated by the Company to effect
option exercises, designate a third party who, in the event of your death, shall
thereafter be entitled to exercise your option.  In the absence of
such a designation, the executor or administrator of your estate shall be
entitled to exercise your option.

     

    10.           Option
Not a Service Contract.
Your option is not an employment or service contract, and nothing in your
option shall be deemed to create in any way whatsoever any obligation on your
part to continue in the employ of the Company or an Affiliate, or of the Company
or an Affiliate to continue your employment. In addition, nothing in your option
shall obligate the Company or an Affiliate, their respective stockholders,
Boards of Directors, Officers or Employees to continue any relationship that you
might have as a Director or Consultant for the Company or an
Affiliate.

    

    11.           Withholding
Obligations.

    

    (a) At
the time you exercise your option, in whole or in part, or at any time
thereafter as requested by the Company, you hereby authorize withholding from
payroll and any other amounts payable to you, and otherwise agree to make
adequate provision for (including by means of a “cashless exercise” pursuant to
a program developed under Regulation T as promulgated by the Federal Reserve
Board to the extent permitted by the Company), any sums required to satisfy the
federal, state, local and foreign tax withholding obligations of the Company or
an Affiliate, if any, which arise in connection with the exercise of your
option.

     

    (b) Upon
your request and subject to approval by the Company, in its sole discretion, and
compliance with any applicable legal conditions or restrictions, the Company may
withhold from fully vested shares of Common Stock otherwise issuable to you upon
the exercise of your option a number of whole shares of Common Stock having a
Fair Market Value, determined by the Company as of the date of exercise, not in
excess of the minimum amount of tax required to be withheld by law (or such
lower amount as may be necessary to avoid classification of your option as a
liability for financial accounting purposes).  If the date of
determination of any tax withholding obligation is deferred to a date later than
the date of exercise of your option, share withholding pursuant to the preceding
sentence shall not be permitted unless you make a proper and timely election
under Section 83(b) of the Code, covering the aggregate number of shares of
Common Stock acquired upon such exercise with respect to which such
determination is otherwise deferred, to accelerate the determination of such tax
withholding obligation to the date of exercise of your
option.  Notwithstanding the filing of such election, shares of Common
Stock shall be withheld solely from fully vested shares of Common Stock
determined as of the date of exercise of your option that are otherwise issuable
to you upon such exercise.  Any adverse consequences to you arising in
connection with such share withholding procedure shall be your sole
responsibility.

     

    (c) You
may not exercise your option unless the tax withholding obligations of the
Company and/or any Affiliate are satisfied.  Accordingly, you may not
be able to exercise your option when desired even though your option is vested,
and the Company shall have no obligation to issue a certificate for such shares
of Common Stock or release such shares of Common Stock from any escrow provided
for herein unless such obligations are satisfied.

     

    12.           Tax
Consequences. You hereby agree that the Company does not have a duty to
design or administer the Plan or its other compensation programs in a manner
that minimizes your tax liabilities. You shall not make any claim against the
Company, or any of its Officers, Directors, Employees or Affiliates related to
tax liabilities arising from your option or your other compensation. In
particular, you acknowledge that this option is exempt from Section 409A of the
Code only if the exercise price per share specified in the Grant Notice is at
least equal to the “fair market value” per share of the Common Stock on the Date
of Grant and there is no other impermissible deferral of compensation associated
with the option.

     

    13.           Notices. Any notices provided for in
your option or the Plan shall be given in writing and shall be deemed
effectively given upon receipt or, in the case of notices delivered by the
Company to you, five (5) days after deposit in the United States mail, postage
prepaid, addressed to you at the last address you provided to the
Company.  Notwithstanding the foregoing, the Company may, in its sole
discretion, decide to deliver any documents related to participation in the Plan
and this option by electronic means or to request your consent to participate in
the Plan by electronic means.  You hereby consent to receive such
documents by electronic delivery and, if requested, to agree to participate in
the Plan through an on-line or electronic system established and maintained by
the Company or another third party designated by the Company.

    

    14.           Governing
Plan Document.
Your option is subject to all the provisions of the Plan, the provisions
of which are hereby made a part of your option, and is further subject to all
interpretations, amendments, rules and regulations, which may from time to time
be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of your option and those of the Plan, the provisions of
the Plan shall control.

    

    15.           Other
Documents.  You hereby acknowledge receipt or the right to
receive a document providing the information required by Rule 428(b)(1)
promulgated under the Securities Act, which includes the Plan
prospectus.  In addition, you acknowledge receipt of the Company’s
policy permitting certain individuals to sell shares only during certain
“window” periods and the Company’s insider trading policy, in effect from time
to time.

    16.           Effect on
Other Employee Benefit Plans.  The value of the option subject
to this Stock Option Agreement shall not be included as compensation, earnings,
salaries, or other similar terms used when calculating your benefits under any
employee benefit plan sponsored by the Company or any Affiliate, except as such
plan otherwise expressly provides. The Company expressly reserves its rights to
amend, modify, or terminate any of the Company’s or any Affiliate’s employee
benefit plans.

    

    17.           Choice
of Law.  The
interpretation, performance and enforcement of this Stock Option Agreement will
be governed by the law of the state of Delaware without regard to such state’s
conflicts of laws rules.

    

    18.           Compliance
with Section 409A of the Code.  This option is
intended to comply with Treasury Regulation Section 1.409A-1(b)(5)(i)(A) and/or
(ii).  Each installment of shares that vests is intended to constitute
a “separate payment” for purposes of Treasury Regulation Section
1.409A-2(b)(2).

    

    
      
         

      

      
         

        
          

        

      

      
         

        
          Exhibit
10.68

        

      

    

    

    Attachment
II

    

    Chordiant
Software, Inc.

    
      	
               
      

            	
              2005
      Equity Incentive Plan

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