Document:

Exhibit
        10.7

      

      [AGORACOM
        INVESTOR RELATIONS CORP. LETTERHEAD]

       

      THIS
        INVESTOR RELATIONS AGREEMENT
        made as
        of the 7th day of December 2006,

       

      BETWEEN:

       

      Hi
        Ho Silver Resources Inc., a
        company
        subsisting under the laws of Canada and having its head office at 3045
        Southcreek Rd, Suite 15A, Mississauga, Ontario, L4X 2E9

       

      (“Hi
        Ho”)

       

      AND:

       

      AGORACOM
        Investor Relations Corp,
        a
        company incorporated in the province of Ontario, and having its head office
        at
        505 Consumers Road, Suite 1000, Toronto, Ontario, Canada, M2J 4V8

       

      (“AGORACOM”)

       

      WHEREAS:

       

      
        	
                A.

              	
                HI
                  HO requires the services of a corporation capable of providing
                  Investor
                  Relations services (collectively, the “Services”);
                  and

              

      

       

      B. AGORACOM
        is ready, willing and able to provide the Services on the terms and conditions
        set forth in this Agreement;

       

      

       

      NOW
        THEREFORE in
        consideration of the mutual covenants contained herein and the sum of $10.00
        paid by each party to the other (the receipt and sufficiency of which is
        hereby
        acknowledged), the parties hereto agree each with the other as
        follows:

       

      
        	
                1.

              	
                CONSULTING
                  SERVICES

              

      

       

      
        	 	
                1.1.

              	
                Subject
                  to the approval of any governing regulatory authority or stock
                  exchange,
                  if required, HI HO shall retain AGORACOM to provide the Services,
                  the
                  particulars of which are set out in section 4 of this Agreement,
                  and
                  AGORACOM shall provide the Services on the terms and conditions
                  of this
                  Agreement. In performing its duties hereunder, AGORACOM shall at
                  all times
                  exercise the standard of care, skill and diligence normally provided
                  in
                  the performance of services similar to that contemplated by this
                  Agreement.

              

      

       

      
        	 	
                1.2.

              	
                AGORACOM
                  shall have no right or authority, express or implied, to commit
                  or
                  otherwise obligate HI HO in any manner whatsoever, except to the
                  extent
                  specifically provided for herein or specifically authorized in
                  writing by
                  HI HO.

              

      

      

        
          
            
            

          

          
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              10

            
              

            

          

          
            
            

          

        

      
        	2.	
                TERM

              

      

       

      
        	 	
                2.1.

              	
                The
                  term of this Agreement shall be for 12 months beginning on January
                  1, 2007
                  (the “Commencement Date”) and ending on December 31, 2007 and
                  shall continue from
                  month to month thereafter, unless terminated by either AGORACOM
                  or HI HO
                  as set out in Part 7 hereof.
                  

              

      

       

      
        	 	
                2.2.

              	
                HI
                  HO will have one unconditional right to terminate this Agreement
                  upon
                  completion of the first six months of this Agreement via written
                  notice
                  during the period of July 1 - 8 207. In the event of termination
                  by HI HO
                  pursuant to this paragraph, all further monthly fees payable to
                  AGORACOM
                  shall cease and terminate. Vested stock options will not be affected
                  and
                  will expire pursuant to Schedule “C” of this Agreement. All unvested stock
                  options will be deemed vested if the share price of HI HO has appreciated
                  above the strike price set in Schedule
“C”.

              

      

       

      
        	
                3.

              	
                COMPENSATION

              

      

       

      
        	 	
                3.1.

              	
                As
                  partial compensation for services under this Agreement, AGORACOM
                  shall
                  receive monthly cash compensation in the amount of $CDN
                  2,000.00 (+ GST).
                  Upon acceptance of this Agreement, HI HO will provide AGORACOM
                  with first
                  and last payments ($CDN 4,000), as well as, post-dated checks for
                  February
                  1, 2007 and March 1, 2007. Thereafter, at the beginning of each
                  subsequent
                  quarter of this Agreement, HI HO shall provide AGORACOM with three
                  post-dated checks for each respective month.

              

      

       

      
        	 	
                3.2.

              	
                As
                  partial compensation for services under this Agreement, AGORACOM
                  shall
                  receive monthly cash compensation in the amount of $CDN
                  2,000.00 (+GST),
                  representing fees for managing and executing a Google IR Program
                  for a
                  minimum of three months, the details of which are provided in Schedule
                  "B"
                  of this Agreement. Upon acceptance of this Agreement, HI HO will
                  provide
                  AGORACOM with payment for the entire three months ($CDN 6,000 +
                  GST).
                  Thereafter, if HI HO continues with a Google IR Program for an
                  additional
                  three months, HI HO shall provide payment in full at the beginning
                  of each
                  subsequent quarter. 

              

      

       

      
        	 	
                3.3.

              	
                As
                  the final component of compensation, HI HO and AGORACOM shall enter
                  into
                  an agreement in which AGORACOM will be granted the option to purchase
                  common shares of HI HO, the details of which are provided in Schedule
                  "C"
                  of this Agreement. The monthly fees and stock option agreement
                  shall
                  constitute full compensation for AGORACOM.

              

      

       

      
        	 	
                3.4.

              	
                AGORACOM
                  shall absorb all expenses incurred in providing Services to HI
                  HO pursuant
                  to this Agreement.

              

      

       

      
        	
                4.

              	
                SERVICES
                  TO BE PROVIDED

              

      

       

      
        	 	
                4.1.

              	
                AGORACOM
                  agrees, at its expense, to
                  effect communications
                  between HI HO and its shareholder base, prospective investors and
                  the
                  investment community as a whole, the details of which have been
                  clearly
                  defined in Schedule
                  "A"
                  of
                  this Agreement.

              

      

       

      
        
          
          

        

        
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                4.2.

              	
                AGORACOM
                  agrees, at its expense, to further provide a Google
                  IR Program
                  intended to precision target small-cap investors for the purposes
                  of
                  generating new shareholder leads and raise awareness amongst prospective
                  investors and the investment community as a whole, the details
                  of which
                  have been clearly defined in Schedule
                  "B"
                  of
                  this Agreement. 

              

      

       

      
        	 	
                4.3.

              	
                In
                  performing the Services under this Agreement, AGORACOM shall comply
                  with
                  all applicable corporate, securities and other laws, rules, regulations,
                  notices and policies, including those of any applicable Stock Exchange,
                  and, in particular, AGORACOM shall not:

              

      

       

      
        	 	
                a)

              	
                release
                  any financial or other information or data about HI HO, which has
                  not been
                  generally released or promulgated, without the prior approval of
                  HI HO;
                  

              

      

       

      
        	 	
                b)

              	
                conduct
                  any meetings or communicate with financial analysts without informing
                  HI
                  HO in advance of the proposed meeting and the format or agenda
                  of such
                  meeting; 

              

      

       

      
        	 	
                c)

              	
                release
                  any information or data about HI HO to any selected or limited
                  person,
                  entity, or group if AGORACOM is aware or ought to be aware that
                  such
                  information or data has not been generally released or promulgated;
                  

              

      

       

      
        	
              	d)	
                after
                  notice by HI HO of the filing of materials for a proposed public
                  offering
                  of securities of HI HO or during any period of restriction on publicity,
                  engage in any public relations efforts not in the normal course
                  without
                  the prior approval of counsel for HI HO and of counsel for the
                  underwriter(s), if any; or

              

      

       

      
        	
              	e)	
                take
                  any action or advise or knowingly permit HI HO to take action,
                  which would
                  violate any applicable securities, laws or rules and regulations
                  issued
                  thereunder.

              

      

       

      
        	
              	4.4	
                AGORACOM
                  shall not release any information or data about HI HO to certain
                  named
                  persons, entities, and corporations, as HI HO may advise from time
                  to
                  time.

              

      

       

      5. DUTIES
        OF COMPANY

       

      
        	 	
                5.1.

              	
                HI
                  HO shall supply AGORACOM, on a regular and timely basis, with all
                  approved
                  data and information about HI HO, its management, products and
                  operations,
                  and HI HO shall be responsible for advising AGORACOM of any facts
                  which
                  would affect the accuracy of any prior data or information previously
                  supplied to AGORACOM. HI HO will make its best efforts to make
                  officers
                  and executives available for interviews, Q&A sessions and other
                  investor communications. HI HO will use its best efforts to respond
                  to
                  reasonable questions put forth by shareholders and prospective
                  investors.
                  

              

      

       

      
        	 	
                5.2.

              	
                HI
                  HO shall contemporaneously notify AGORACOM of any information or
                  data
                  being supplied to AGORACOM that has not been generally released
                  or
                  promulgated.

              

      

       

      
        	 	
                5.3.

              	
                HI
                  HO shall issue a press release, to be drafted by AGORACOM and approved
                  by
                  HI HO, announcing the Investor Relations agreement, as well as,
                  include
                  AGORACOM contact information and instructions for investors to
                  utilize the
                  HI HO IR HUB within every subsequent press
                  release.

              

      

       

      
        
          
          

        

        
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                6.

              	
                REPRESENTATIONS
                  AND WARRANTIES

              

      

       

      AGORACOM
        represents and warrants to, and covenants with, HI HO as follows: 

       

      
        	 	
                (a)

              	
                AGORACOM
                  and its agents, employees and consultants, will comply with all
                  applicable
                  corporate and securities laws and other laws, rules, regulations,
                  notices
                  and policies, including those of any applicable Stock Exchange;
                  

              

      

       

      
        	 	
                (b)

              	
                AGORACOM
                  will, and will cause its employees, agents and consultants to,
                  act at all
                  times in the best interests of HI HO;

              

      

       

      
        	 	
                (c)

              	
                AGORACOM
                  has not been subject to any sanctions or administrative proceedings
                  by any
                  securities regulatory authority; 

              

      

       

      
        	 	
                (d)

              	
                this
                  Agreement has been duly authorized by all necessary corporate action
                  and
                  constitutes
                  a valid and binding obligation of AGORACOM,
                  enforceable against it in
                  accordance with its terms; and

              

      

       

      
        	 	
                (e)

              	
                all
                  of AGORACOM’s trades in securities of HI HO shall be full compliance with
                  all legal requirements and AGORACOM shall not undertake any trades
                  based
                  on insider information. Any securities transactions undertaken
                  by AGORACOM
                  shall be for its own account.

              

      

       

      
        	
                7.

              	
                TERMINATION

              

      

       

      
        	 	
                7.1.

              	
                It
                  is an event of default ("Event of Default") if a party (the "Defaulting
                  Party") (the other party being the "Non-Defaulting Party"):
                  

              

      

       

      
        	 	
                (a)

              	
                commits
                  a breach of any representation, warranty or covenant on the part
                  of the
                  Defaulting Party where such breach continues for 10 days after
                  the
                  Non-Defaulting Party has demanded that such breach be
                  cured;

              

      

       

      
        	 	
                (b)

              	
                materially
                  breaches any term of this Agreement, which would include a failure
                  by
                  AGORACOM to perform services as outlined in Schedule “C” for a period of
                  30 days or a failure by HI HO to make payment for 60 days, and
                  such breach
                  continues for 10 days after the Non-Defaulting Party has demanded
                  that
                  such breach be cured;

              

      

       

      
        	 	
                (c)

              	
                becomes
                  bankrupt, commits an act of bankruptcy, files for any form of bankruptcy
                  or creditor protection, is adjudicated bankrupt, makes a proposal
                  to its
                  creditors, has a receiver or a receiver-manager of its assets appointed,
                  or otherwise seeks any form of bankruptcy or creditor protection;
                  or

              

      

       

      
        	 	
                (d)

              	
                fails
                  to take reasonable action to prevent or defend any action or proceeding
                  in
                  relation to the seizure, execution or attachment of any of such
                  Defaulting
                  Party's assets.

              

      

       

      
        	 	
                7.2.

              	
                In
                  the event of termination by HI HO pursuant to paragraph 7.1 or
                  paragraph
                  7.3, all amounts otherwise payable to AGORACOM pursuant to the
                  terms of
                  section 3 shall cease and terminate, including unvested stock options,
                  and
                  AGORACOM will return all material provided by HI
                  HO.

              

      

       

      
        	 	
                7.3.

              	
                Prior
                  to the expiration of its term, this Agreement may be
                  terminated:

              

      

       

      (a) by
        the
        Non-Defaulting Party at any time upon the occurrence of an Event of Default
        upon
        written notice to the Defaulting Party setting forth:

       

      (i) the
        Event
        of Default; and

       

      (ii) the
        effective date of termination; or

       

      
        
          
          

        

        
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                7.4.

              	
                In
                  the event of termination by AGORACOM pursuant to paragraph 7.1
                  or
                  paragraph 7.3, or termination of this agreement by HI HO without
                  cause,
                  all amounts payable to AGORACOM for the remaining and complete
                  term of
                  this agreement, pursuant to the terms of Section 3, shall become
                  immediately due and payable and AGORACOM will return all material
                  provided
                  by HI HO. In addition, all stock options granted pursuant to the
                  terms of
                  Section 3 shall not be affected.

              

      

       

      
        	
                8.

              	
                NOTICE

              

      

       

      
        	 	
                8.1.

              	
                Any
                  notice, commitment, election or communication required to be given
                  hereunder by either party to the other party, in any capacity shall
                  be
                  deemed to have been well and sufficiently given if facsimiled or
                  delivered
                  to the address of the other party as set forth on page one of this
                  Agreement, or as later amended by either party from time to time
                  in
                  writing.

              

      

       

      
        	 	
                8.2.

              	
                Any
                  such notice, commitment, election or other communication shall
                  be deemed
                  to have been received on the third business day following the date
                  of
                  delivery.

              

      

       

      
        	
                9.

              	
                GENERAL

              

      

       

      
        	 	
                9.1.

              	
                All
                  references to currency herein are to currency of Canada.
                  

              

      

       

      
        	 	
                9.2.

              	
                The
                  rights and interests of the parties under this Agreement are not
                  assignable. 

              

      

       

      
        	 	
                9.3.

              	
                Time
                  is of the essence of this Agreement.

              

      

       

      
        	 	
                9.4.

              	
                This
                  Agreement shall inure to the benefit of and be binding upon the
                  parties
                  hereto and their respective successors, personal representatives,
                  heirs
                  and permitted assigns. 

              

      

       

      
        	 	
                9.5.

              	
                If
                  any one or more of the provisions contained in this Agreement should
                  be
                  invalid, illegal or unenforceable in any respect in any jurisdiction,
                  the
                  validity, legality and enforceability of such provision or provisions
                  will
                  not in any way be affected or impaired thereby in any other jurisdiction
                  and the validity, legality and enforceability of the remaining
                  provisions
                  contained herein will not in any way be affected or impaired thereby,
                  unless in either case as a result of such determination this Agreement
                  would fail in its essential purpose.

              

      

       

      
        	 	
                9.6.

              	
                The
                  heading and section numbers appearing in this Agreement or any
                  schedule
                  hereto are inserted for convenience of reference only and shall
                  not in any
                  way affect the construction or interpretation of this Agreement.
                  

              

      

       

      
        	 	
                9.7.

              	
                This
                  Agreement shall be construed and enforced in accordance with, and
                  the
                  rights of the parties to this Agreement shall be governed by, the
                  laws of
                  Ontario and each of the parties hereby irrevocably attorn to the
                  jurisdiction of the courts of Ontario.

              

      

       

      
        	 	
                9.8.

              	
                AGORACOM
                  is an independent contractor, responsible for compensation of its
                  agents,
                  employees and representatives, as well as all applicable withholdings
                  therefrom and taxes thereon. This Agreement does not establish
                  any
                  partnership, joint venture, or other business entity or association
                  between the parties.

              

      

       

      
        
          
          

        

        
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                9.9.

              	
                This
                  Agreement shall supersede and replace any other agreement or arrangement,
                  whether oral or written, heretofore existing between the parties
                  in
                  respect of the subject matter of this Agreement.
                  

              

      

       

      
        	 	
                9.10.

              	
                The
                  parties shall promptly execute or cause to be executed all documents,
                  deeds, conveyances and other instruments of further assurance which
                  may be
                  reasonably necessary or advisable to carry out fully the intent
                  of this
                  Agreement. 

              

      

       

      
        	 	
                9.11.

              	
                This
                  Agreement may be executed in as many counterparts as may be necessary
                  and
                  by facsimile, each of such counterparts so executed will be deemed
                  to be
                  an original and such counterparts together will constitute one
                  and the
                  same instrument and, notwithstanding the date of execution, will
                  be deemed
                  to bear the date as of the day and year first above written.
                  

              

      

       

      
        	 	
                9.12.

              	
                This
                  Agreement represents the entire agreement of the parties hereto
                  with
                  respect to the subject
                  matter hereof and may not be modified, nor may any provisions hereof
                  by
                  waived, except in writing,
                  duly executed by each party potentially adversely affected by any
                  modification, and by each
                  party waiving any rights hereunder.

              

      

       

      
        	 	
                9.13.

              	
                AGORACOM
                  agrees to utilize all information received from HI HO only as contemplated
                  herein, to treat all confidential information received from HI
                  HO in a
                  strictly confidential manner and agrees that all confidential information
                  will not be disseminated publicly or provided to any third party
                  without
                  HI HO’s written consent, unless otherwise required by
                  law.

              

      

       

      
        	 	
                9.14.

              	
                AGORACOM
                  agrees to promptly indemnify and hold harmless HI HO and its officers,
                  directors, agents, employees and controlling persons (if any) against
                  any
                  losses, claims, damages or liabilities (including, without limitation,
                  court costs and reasonable attorneys fees) to which HI HO and its
                  officers, directors, agents, employees and controlling persons
                  may become
                  subject, caused as a result of: 

              

      

       

      
        	 	
                (a)

              	
                any
                  breach by AGORACOM (or its officers, directors, agents, and employees)
                  of
                  the terms of this Agreement and/or any other agreement or document
                  referenced herein; 

              

      

       

      
        	 	
                (b)

              	
                any
                  untrue statement of a material fact, or an omission of a material
                  fact, or
                  any other violation of applicable securities or other laws, rules
                  or
                  regulations, for which AGORACOM (or its officers, directors, agents,
                  and
                  employees) is responsible; or

              

      

       

      
        	 	
                (c)

              	
                for
                  any negligence or bad faith of AGORACOM (or its officers, directors,
                  agents, and employees) in performing its services;
                  

              

      

       

      and
        shall
        promptly reimburse HI HO for any legal or other expenses reasonably incurred
        by
        HI HO in connection with investigating or defending any action or claim in
        connection therewith.

       

      IN
        WITNESS WHEREOF
        this
        Agreement has been executed as of the day and year first above
        written.

       

      Hi
        Ho Silver Resources Inc.

      

      

      
        	
                /s/
                  Signed

              	
                
                  President

                

              
	
                Authorized
                  Signatory

              	
                Position

              

      

      
        
          
          

        

        
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      AGORACOM
        Investor Relations Corp.

       

      

      /s/ Signed         
                           

      George
        Tsiolis, President

       

      
        
          
          

        

        
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      SCHEDULE
        "A"

       

      LEAD
        GENERATION AND AWARENESS

       

      
        	
                -

              	
                12
                  months of AOL and Yahoo Small Cap
                  Show

              

      

      
        	
                -

              	
                2
                  CEO Interviews

              

      

      
        	
                -

              	
                2
                  Feature Webcasts

              

      

      
        	
                -

              	
                2
                  Feature Company Spots on AOL, Blackberry and Yahoo Small Cap
                  Centres

              

      

      
        	
                -

              	
                4
                  AGORACOM E-Mail Bulletins

              

      

      
        	
                -

              	
                4-8
                  Presidents Messages

              

      

      
        	
                -

              	
                12
                  months of AGORACOM MarketPlace

              

      

      
        	
                -

              	
                12
                  months of AOL, Blackberry and Yahoo Small Cap Centre Headlines
                  

              

      

      
        	
                -

              	
                12
                  months of AGORACOMCOM Front Page
                  Headlines

              

      

      

      DAILY
        IR MANAGEMENT AND EXECUTION

       

      Customized
        and Monitored IR Hub - AGORACOM
        will create a customized and monitored IR HUB for the purposes of communicating
        with current and prospective investors. The HI HO IR HUB will also contain
        a
        broker fact sheet, complete company profile, HI HO logo, executive address
        with
        a HI HO executive, stock chart, delayed quote and e-mail registration for
        investors and prospective investors. 

       

      Strategy
        - AGORACOM
        will formulate and execute a complete IR strategy in 3-month increments over
        the
        next 12 months. 

       

      Complete
        Document Creation and Delivery - AGORACOM
        will publish all investor related documents including press releases, corporate
        updates, interviews, question and answer (Q&A's) and media advisories
        created by your current IR team. Destinations include your IR HUB, AGORACOM
        Front-Page, Yahoo Finance, AOL Finance and every Blackberry device on the
        planet

       

      Shareholder
        Communications and Database Management - AGORACOM
        will facilitate all daily and regular communications with existing and potential
        shareholders including questions, requests for information and other relevant
        queries via e-mail and your IR HUB. All responses will come from your current
        IR
        team. In addition, AGORACOM will manage and update your shareholder database
        on
        a daily basis, add contacts, delete contacts, track delivery results and
        manage
        soft and hard e-mail bounces to insure an up to date and robust
        database.

       

      Generate
        and Deliver Proactive Communications - Developments
        with respect to the company, its industry, competitors and related products
        will
        serve as the basis for proactive communications with current and prospective
        investors. AGORACOM will produce and deliver proactive communications in
        10 -14
        day intervals.

       

      

       

      
        	
                _____________

                 

              	 	
                _____________

              
	
                Initials

                 

              	 	
                Initials

              
	
                Hi
                  Ho Silver Resources Inc.

              	 	
                AGORACOM
                  Investor Relations

              

      

      
        
          
          

        

        
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      SCHEDULE
        "B"

      GOOGLE
        IR PROGRAM

       

      Your
        Google IR Campaign will include the following:

       

      
        	 	
                ·

              	
                20
                  keywords (minimum)

              

      

      
        	 	
                ·

              	
                3
                  text advertisements, 2 banner
                  advertisements

              

      

      
        	 	
                ·

              	
                1
                  customized landing page

              

      

       

       

      Marketing
        Channels

       

      Google
        AdWords Network

      
        	 	
                o

              	
                Targeted
                  and Contextual Ads

              

      

      
        	 	
                §

              	
                Banner
                  Ads On Tier-1 financial websites 

              

      

      

       

      
        	 	
                ·

              	
                AGORACOM.com
                  (No Charges Incurred For
                  Click-Throughs)

              

      

      
        	 	
                o

              	
                Marketplace
                  (Master Listing)

              

      

      
        	 	
                o

              	
                Marketplace
                  (Sector Specific Listing)

              

      

      
        	 	
                o

              	
                Front
                  Page Headlines

              

      

      
        	 	
                o

              	
                Front
                  Page Featured Company

              

      

      
        	 	
                o

              	
                Customized
                  and Monitored IR HUB (Client To Answer All Investor
                  Questions)

              

      

      

       

      
        	 	
                ·

              	
                AGORACOM
                  Promotional Network (No Charges Incurred For
                  Click-Throughs)

              

      

      
        	 	
                o

              	
                SkyHighStocks.com

              

      

      
        	 	
                o

              	
                UpSwingStocks.com

              

      

      
        	 	
                o

              	
                SmallCapArena.com

              

      

      

       

      Supporting
        Collateral Information 

       

      AGORACOM
        will build a customized landing page consisting of the following: 

       

      
        	 	
                ·

              	
                Logo
                  (To be provided by client)

              

      

      
        	 	
                ·

              	
                150-250
                  word concise overview

              

      

      
        	 	
                ·

              	
                3-5
                  bullet point highlights

              

      

      
        	 	
                ·

              	
                E-Mail
                  Capture Box

              

      

      
        	 	
                ·

              	
                1
                  Yahoo Small Cap Show Interview Per
                  Quarter

              

      

      
        	 	
                ·

              	
                1
                  Executive Address Per Quarter

              

      

      
        	 	
                ·

              	
                1
                  CEO Interview Per Quarter

              

      

      
        	 	
                ·

              	
                Link
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          Page
            9 of
            10

          
            

          

        

        
          
          

        

      

      SCHEDULE
        "C"

       

      Hi
        Ho Silver Resources Inc. grants
        AGORACOM the option to purchase 250,000 common shares at $CDN 1.05, representing
        the close of trading on December 6, 2006. Number of options is calculated
        as
        follows:

      

      The
        greater of 250,000 or 0.5% of the fully-diluted outstanding share amount,
        which
        stood at approximately 16,000,000 as of the date of this Agreement.

      

      The
        options will vest in equal quarterly amounts and stages over the next 12
        months.
        However, AGORACOM has elected not to exercise any such options until after
        the
        first 12 months of service. AGORACOM will have the right to exercise vested
        options early if HI HO is acquired, experiences a material change in control,
        or
        pursuant to any applicable termination clauses as outlined in sections 2
        and 7
        of this Agreement and AGORACOM is the Non-Defaulting Party.

       

      VESTING
        AND EXERCISE SCHEDULE 

       

      
        	
                AMOUNT

              	
                PRICE
                  

              	
                VESTING
                  DATE

              	
                FIRST
                  EXERCISE DATE

              	
                EXPIRATION
                  

              
	 	 	 	 	 
	
                62,500

              	
                $CDN
                  1.05

              	
                APR
                  1, 2007

              	
                JAN
                  1, 2008

              	
                JAN
                  1, 2010

              
	 	 	 	 	 
	
                62,500

              	
                $CDN
                  1.05

              	
                JUL
                  1, 2007

              	
                JAN
                  1, 2008

              	
                JAN
                  1, 2010

              
	 	 	 	 	 
	
                62,500

              	
                $CDN
                  1.05

              	
                OCT
                  1, 2007

              	
                JAN
                  1, 2008

              	
                JAN
                  1, 2010

              
	 	 	 	 	 
	
                62,500

              	
                $CDN
                  1.05

              	
                JAN
                  1, 2008

              	
                JAN
                  1, 2008

              	
                JAN
                  1, 2010

              

      

       

      All
        options granted shall be subject to the terms and conditions of a stock option
        agreement to be entered into between AGORACOM and HI HO.

      

      Hi
        Ho Silver Resources Inc.

      

      

      
        	 	 	 
	 	 	 
	
                Authorized
                  Signatory

              	 	
                Position

              

      

      

       

      AGORACOM
        Investor Relations Corp.

      
 

      
        
          	 	 	 
	 	 	 

        

      

      George
        Tsiolis, President

       

      

      
        
          
          

        

        
          Page
            10 of
            10Exhibit
      10.8

    

    PROPERTY
      OPTION AMENDMENT AGREEMENT

    

    THIS
      AMENDMENT AGREEMENT
      (“Amendment Agreement”) is made on December 27, 2006 

     

    BETWEEN:

    

    ST.
      ELIAS MINES LTD.,
      (“St.
      Elias”) of Suite 314 - 800 West Pender Street, Vancouver, B.C., V6C 2V6,
of
      the
      first part,

    

    AND:

    

    HI
      HO SILVER RESOURCES INC.,
      (“Hi Ho
      Silver”) of Suite #15A, 3045 Southcreek Road, Mississauga, Ontario, L4X 2E9,
of
      the
      second part.

    

    WHEREAS
      St.
      Elias
      and Hi Ho Silver entered into a Property Option Agreement dated September 12,
      2005 (the “Option Agreement”);

    

    AND
      WHEREAS
      the
      parties mutually wish to amend the Option Agreement as set out
      herein;

    

    NOW,
      THEREFORE,
      in
      consideration of the sum of $1.00 paid by each of the parties to the other
      and
      for and other good and valuable consideration (the receipt and sufficiency
      of
      which is hereby acknowledged), the parties agree as follows:

    

    	1.  	
            The
              Option
              Agreement
              is
              to be amended by deleting
              subsection 1.01 (b) (i) of the Option Agreement and replacing it with
              the
              following: 

          

    

    
      	 	
              (i)

            	
              Exploration
                Expenditures totalling $400,000 (the “Phase
                I Program”)
                to be incurred on or before February 28, 2007;

            

    

    

    	2.  	
            The
              Option Agreement is to be amended by deleting section 19.01 of the
              Option
              Agreement and replacing it with the
              following:

          

     

    
      	
            	19.01	
              Any
                notice, election, consent or other writing required or permitted
                to be
                given hereunder shall be deemed to be sufficiently given if delivered
                or
                if mailed by registered air mail or by fax, addressed as
                follows:

            

    

    

    In
      the
      case of St. Elias:

     

    St.
      Elias
      Mines Ltd.

    314
      - 800
      West Pender Street 

    Vancouver,
      BC V6C 2V6

    

    Attention:
      Lori McClenahan, President

    Fax
      No.:
      (604) 669-9626

    

    In
      the
      case of the Hi Ho Silver:

    

    Hi
      Ho
      Silver Resources Inc.

    #15A,
      3045 Southcreek Road

    Mississauga
      ON L4X 2E9

    

    Attention:
      Frederick S. Fisher, President

    Fax
      No.:
      (905) 602-4656

     

    and
      any
      such notice given as aforesaid shall be deemed to have been given to the parties
      hereto if delivered, when delivered, or if mailed, on the tenth business day
      following the date of mailing, or, if faxed, on the next succeeding business
      day
      following the faxing thereof PROVIDED HOWEVER that during the period of any
      postal interruption in either the country of mailing or the country of delivery,
      any notice given hereunder by mail shall be deemed to have been given only
      as of
      the date of actual delivery of the same. Any party may from time to time by
      notice in writing change its address for the purpose of this
      paragraph.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    	3.  	
            No
              other changes shall be made at this time to the Option Agreement and
              all
              other provisions of the Option Agreement shall remain in full force
              and
              effect.

          

    

    	4.  	
            This
              Amendment Agreement shall replace and supersede

          

     

    	(a)  	
            a
              certain Property Option Amendment Agreement between the parties dated
              May
              29, 2006; and

          

     

    	(b)  	
            a
              certain Property Option Amendment Agreement between the parties dated
              June
              21, 2006.

          

    

    	5.  	
            This
              Amendment Agreement may be executed in one or more counterparts, each
              of
              which shall be deemed to be an original and which together shall
              constitute one and the same agreement. Delivery
              of an executed copy of this Amendment
              Agreement
              by
              electronic facsimile transmission or other means of electronic
              communication capable of producing a printed copy will be deemed to
              be
              execution and delivery of this Agreement as of the date first set forth
              above.

          

    

    IN
      WITNESS WHEREOF, each
      of
      the parties has executed this Amendment Agreement as of the date first above
      written.

     

    
      	
              ST.
                ELIAS MINES LTD.

            	 	 	
              HI
                HO SILVER RESOURCES INC.

            
	
              /s/
                Signed

            	 	 	
                    
                /s/ Signed

            
	
              

              By: Authorized
                Signatory

            	 	 	
              

              By: Authorized
                Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]