Document:

Converted by EDGARwiz

MODIFYING AGREEMENT SUBSCRIBED BY A) HECTOR MANUEL CERVANTES SOTO, PER HIS OWN RIGHT AND ACTING IN REPRESENTATION OF JOSE FRANCISCO RUBIO, JOSE FILEMON CERVANTES SOTO NAD IRAM CERVANTES SOTO (THE "SELLER") AND B) CORPORACION AMERMIN, S. A. DE C. V., REPRESENTED IN THIS ACT BY RAMIRO TREVIZO GONZALEZ IN HIS PERSONALITY AS LEGAL REPRESENTATIVE (THE "PURCHASER"), JOINTLY NAMED THE "PARTIES", IN ACCORDANCE WITH THE FOLLOWING PREVIOUS RECORDS, DECLARATIONS AND CLAUSES.

PREVIOUS RECORDS

I.

On the 25th November 2008, the SELLER subscribed with the PURCHASER an Agreement of Advanced Termination and Reciprocal Quittance by virtue ofwhich, among other terms and conditions, the PARTIES decided to terminate in advance their mercantile relationship that up to that date they held regarding variousmining concessions integrated into the project known as "Choix", the BUSINESS, documented through several contracts and modifying agreements, in addition to extending to each other reciprocally a quittance per such a concept, the AGREEMENT. An ordinary copy of said instrument that includes the totality of the contracts and agreements subscribed between the PARTIES in relation to the BUSINESS is attached to this present instrument as Annex I for the purpose of clarity and certitude;

II.

For purposes of formality, the subscription of the AGREEMENT by the PARTIES was ratified on the 25 th November 2008 before testimony of Mrs. Elsa Ordonez Ordonez Attorney at Law, applicant to the Notary Public Office and assigned to Public Notary number 28 of the Morelos Judicial District of the State of Chihuahua and acting notary per license of the its Title Holder, Mr. Felipe Colomo Castro, Attorney at Law, and said instrument was taken notice of in the corresponding act in Volume XIV of the Book of Registrations Out of Protocol under number 16,267 and dated 25th November 2008;

III.     Due to an involuntary mistake PARTIES did not relate in the Previous Records and Clauses of the AGREEMENT the fact that, of the total price to be paid for the transfer of rights of the respective mining rights, fixed at an amount of $800,000.00 Dollars (Eight hundred thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $920,000.00 Dollars (Nine hundred twenty thousand Dollars 00/100 in United States currency) (the INITIAL PRICE), it should have been reduced by an amount of $60,869.57 Dollars (Sixty thousand eight hundred and sixty nine Dollars 57/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $70,000.00 Dollars (Seventy thousand Dollars in United States currency), taking into account that the mining rights derived from the concession on the "Pilar de Mocoribo" had been left out as part of the object of the BUSINESS, the PRICE REDUCTION

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

.

IV.

Likewise, as a consequence of the involuntary mistake before mentioned,  PARTIES omitted to relate in the Previous Records and in the Clauses of the AGREEMENT that from the INITIAL PRICE mentioned should have been deducted in addition to the payment obligation by the PURCHASER the amount of $388,043.48 Dollars (Three hundred eighty eight thousand and forty three Dollars 48/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $446,250.00 Dollars (Four hundred forty six thousand two hundred and fifty Dollars 00/100 in United States currency), as such an amount had already been delivered to Miguel Angel Cervantes Soto in his personality as Sole Administrator of the corporation named Minas de Topago, S. A. de C. V., by the PURCHASER prior to the 25th November 2008 per the concept of the judicial business on such a date and likewise terminated regarding the mining project celebrated with Minas de Topago, S. A. de C. V:, in relation with the mining concessions that cover the rights derived from the mining lots "La Colmena" (title 181,965), "La Millonaria" (title 196,120), "Cuitlahuac" (title 191,845) and "La Mexicana'' (title 211,981) and that the SELLER had expressly accepted to assume the obligation of compensating such an amount against the payment obligation of the INITIAL PRICE in favor of the PURCHASER (the COMPENSATED PRICE);

V.

Derived from the need to document adequately the adjustments before mentioned, in recent days PARTIES agreed to expressly modify some of the terms and conditions of the AGREEMENT, and;

VI.

And so, the PARTIES decided to subscribe this present agreement for all legal effects that might arise with the purpose of modifying the content of the AGREEMENT because it so convenes to the interests of both.

DECLARATIONS

1.

The SELLER declares, per his own right and in representation on Messrs. Jose Francisco Rubio, Jose Filemon Cervantes Soto and Iram Cervantes Soto, under oath of stating the truth, that;

1.  He is a Mexican citizen, of age, in complete use of his physical and mental faculties reason by which he enjoys the full capacity to subscribe this present agreement:

2.  That he enjoys the necessary capacity to represent Messrs. Jose Francisco Rubio, Jose Filemon Cervantes Soto and Iram Cervantes Soto, as evinced in the previous documentation in relation to the BUSINESS, same that has not been limited, restrained, suspended or revoked to date;

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

3.  That he is duly inscribed in the Federal Taxpayers Registry with fiscal certificate number CESH-620803-JCA and to be current in his income tax payments and other contributions that have corresponded to him;

4.  Whom he represents, likewise, are inscribed in the Federal Taxpayers Registry and to be current in their income tax payments and other contributions that have corresponded to them;

5.  That he expressly accepts that the INITIAL PRICE must be reduced due to the PRICE REDUCTION, because the mining rights related to the mining concession of the "Pilar de Mocoribo" lot have ceased to be part of the OBJECT'S business per common agreement by the PARTIES;

6.   Likewise, he assumes the obligation of compensating the payment of the INITITAL PRICE in favor of the PURCHASER for the amount of the COMPENSATED PRICE and the PURCHASER will extend to him the corresponding fiscal voucher, and;

7.   Consequently, it is his free will to subscribe this present agreement in order to modify, for all legal purposes that might arise, some of the terms and conditions in the AGREEMENT, complying in full to the following clauses.

II.

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

1.   It is a Mexican mercantile society, duly established and in operation in agreement to the applicable and current legislation of the United States of Mexico, just as faith is given in Public Writ number 9,311, granted on the 9th August 1995 before the testimony of Mr. Jose R. Miller Hermosillo, Public Notary number 2 for the Morelos Judicial District of the State of Chihuahua, instrument that is duly inscribed in the Public Registry of Commerce of said District under electronic mercantile folio number 21,164* 10;

2.   Its representative enjoys the powers, mandates and the sufficient and necessary faculties in order to subscribe this present agreement just as faith is given in Public Writ number 22,503 granted on the l2th June 2008 before testimony of Mrs. Elsa Ordonez Ordonez, Attorney at Law, applicant to the Office of Notary Public, and assigned to Public Notary 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 which is duly inscribed in the Public Registry of Commerce of said District under electronic mercantile folio number 21,614* 10, 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 Identity Certificate number CAM-950810-K77, and to be current in his income tax payments and other contributions that might have corresponded to him;

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

4. That he expressly accepts that the INITIAL PRICE must be reduced as derived from the PRICE REDUCTION, because the mining rights related to the concession on lot named "Pilar de Mocoribo" have ceased to be part of the OBJECT'S business per common agreement between the PARTIES.

5.   Likewise, he confirms having accepted to compensate against the payment obligation of the INITIAL PRICE, in his own favor, the amount of the COMPENSATED PRICE, and,

6.   I t is the free will of its Administration Board to subscribe this present agreement in order to modify, for all legal purposes that might arise, some of the terms and conditions of the AGREEMENT, complying in full to the following clauses.

III..

Both PARTIES declare, per their own right and through the offices of their respective legal representatives, under oath of stating the truth, that they acknowledge the personality of their counterparts, and that they appear to the subscription of this present agreement in good faith, being free on deceit, ill faith, error, harm, violence or any vitiation in their consent, with the purpose of committing themselves to the following:

CLAUSES

FIRST. MODIFICATION: PARTIES expressly agree that in effect as of the date of this present instrument the clauses indicated in the AGREEMENT be modified in order to state as follows:

"FIRST. ADVANCED TERMINATION: For all legal purposes that might arise, and because it so convenes to the interests of both, by virtue of the subscription of this instrument, PARTIES expressly agree in terminating in advance, as of this same date, the mercantile relationship they held up to date regarding the object of the CONTRACT, of the AGREEMENT and of the SECOND AGREEMENT complying in full with the following terms and conditions:

1.

Both PARTIES accept and recognize having previously agreed as price to be paid for the transfer of the mining rights derived from the concessions object of the CONTRACT, of the AGREEMENT and of the SECOND  AGREEMENT the amount of $800, 000. 00 Dollars (Eight hundred thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $920,000.00 Dollars 00/100) Nine hundred and twenty thousand Dollars in United States currency);

2.

The SELLER recognizes having accepted the obligation of restituting in favor of the PURCHASER as derived from the judicial business terminated as of date regarding the project celebrated with Minas de Topago, S. A. de C. V:, through the 

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

offices of its legal representative, Mr. Miguel Angel Cervantes Soto and related to the mining concessions covering the rights derived from the mining lots "La Colmena" (title 181,965) "La Millonaria" (title 196,120, "Cuitlanuac" (title 191,845 and "La Mexicana " (title 211,981), the amount of $586,000.00 Dollars (Five hundred and eighty six thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $673,900.00 Dollars (Six hundred seventy three thousand and nine hundred Dollars 00/100 in United States currency), and that the PURCHASER has decided to apply to the price to be paid for the transfer of the mining rights derived from the concessions object of the CONTRACT, of the AGREEMENT and of the SECOND AGREEMENT the collection rights corresponding to the amount of $388,043.48 Dollars (Three hundred eighty eight thousand and forty three Dollars 481100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $446,250.00 Dollars (Four hundred forty six thousand and two hundred and fifty Dollars 00/100 in United States currency), compensation that the SELLER accepts with the purpose of it being applied to the payment of the described price;

3.

In addition to the described reduction in the foregoing paragraph, PARTIES have agreed that of the total price described in the previous numeral 1, the amount Of $60,869.57 Dollars (Sixty thousand eight hundred and sixty nine 571100 Dollars in United States Dollars), plus the corresponding Added Value Tax, that is, a sum total of  $70,000.00 Dollars (Seventy thousand Dollars 00/100 in United States currency) be discounted because the mining rights derived from the mining concession of lot named "Pilar de Mocoribo ", identified under title number 220,115 on a surface of 50,0000 Hectares (Fifty Hectares) and located in the Municipality of Choix, State of Sinaloa, has ceased to be part of the business’  object agreed on initially by the PARTIES and because it so convenes to the interests of both. 

4.

The SELLER recognizes and accepts having received as concept of payment for the transfer of the rights derived from the concessions object of the CONTRACT, of the AGREEMENT and of the SECOND AGREEMENT, the balance of the agreed price, that is, the amount of $351,086 95 Dollars (Three hundred fifty one thousand and eighty six Dollars 981100 in United States currency), plus the corresponding Added Value Tax, that is, a sum total of $403,749.99 Dollars (Four hundred and three thousand seven hundred and forty nine 99/100 Dollars inUnited States currency), and reason by which as of this moment he renounces to claim in the future any amount for such a concept, this present instrument constituting the broadest receipt that might proceed by law in order to justify such payment, and;

5.

By virtue of the subscription of this agreement, and complying to the disposition of the previous numeral 3, the PURCHASER cedes in favor of the SELLER, onerously, in total and definitely, 100 % (one hundred per cent) of the mining rights derived from the mining concession of lot named "Pilar de Mocoribo ", identified under title 220,115, on a surface of 50, 0000 Hectares (Fifty Hectares) and located In the Municipality of Choix, State of Sinaloa, same that were ceded in favor of the PURCHASER by virtue of the CONTRACT and that to date constituted the specific guarantee regarding the pending payment obligations ".

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

.

SECOND. SUBSISTENCE OF THE AGREEMENT: PARTIES expressly agree that the modifications agreed on in the foregoing Clause will in no way affect the validity, terms, conditions and execution of the remaining clauses of the AGREEMENT.

THIRD. CONFIDENTIALITY: PARTIES expressly commit themselves to keep in a confidential manner the totality of past, present and future information related to this present instrument, and extending same obligation to whomever, individual or corporate entity, it may be disclosed to.

The PARTY recipient of confidential information must limit the access to it to its representatives or employees who, under a justified and reasonable cause, should come to request access to such information. Under such an assumption, PARTIES must oblige these persons to the obligations of confidentiality.

For purposes of this Clause, the following will not be considered confidential information: 1. Information legitimately known and obtained by the recipient PARTY prior to the subscription of this agreement; 2. Information that to date or in the future be considered as public domain, if and ever it did not stem from an incompliance by any of the PARTIES to the stipulations of this clause, or; 3. Information that must be disclosed to in agreement to law through an administrative or judicial mandate by competent authorities, including those concerning the principal of transparency within the stock market media, both in the United States of Mexico as well as abroad.

In case of a non compliance, PARTIES reserve to themselves the right to take action that per law correspond to them, either administrative or judicial, in order to claim indemnity for harms and damages, as well as to promote any corresponding sanction.

FOURTH. ADDRESSES AND TELEPHONE CONTACTS: PARTIES agree that anything referring to the execution and compliance to the terms and conditions of this present instrument, as well as to notify and communicate anything in relation with same, state their addresses and contact telephones to be:

ASSIGNER

ASSIGNEE

Av. Independencia 2812

Calle California 5101-206

Col. Santa Rosa, C. P. 31050

Col. Haciendas de Santa Fe

Ciudad de Chihuahua, Chih.

Ciudad de Chihuahua, Chih.

Phone: 0 1 -614-415-1971

Phone: 0 1 -614-200-8481

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

In case of a change in address, PARTIES agree in notifying their counterparts of such an event at least 5 (five) natural days prior to the date in which the change of address takes place. Not complying to the obligation herein described will imply that notices or communications delivered at the previous address of the PARTY that changed address, will bear all legal effects in favor of the PARTY that was not notified in all opportunity, as of the date of delivery and for as long the non compliance subsists.

FIFTH. CONTACT PERSONS: PARTIES agree that the totality of notifications, announcements or communications necessary to surrender to their counterparts as derived from the terms and conditions of this present instrument must be addressed indistinctly to the following persons:

ASSIGNER 

ASSIGNEE

        Hector Manuel Cervantes Soto 

       Ramiro Trevizo Gonzalez

       Agustin Ceron Guedea

       Ramiro Trevizo Ledezma

In case it be the will of the PARTIES to change the Contact Persons, PARTIES agree in notifying their counterpart of such a circumstance at least 5 (five) natural days prior to the date in which other persons will be nominated. Not complying to the obligation described herein will imply that any announcements, notification or communications sent and delivered to the name of the previous addressees belonging to the PARTY that made the change, will bear all legal effects in favor of the PARTY that was not notified in all opportunity, as of the date of delivery and for as long the non compliance subsists.

SIXTH. TOTALITY OF CONTRACT: PARTIES accept that this present agreement, including the CONTRACT as well as it Annex as an integral part of same, contain the totality of the agreements between them regarding the object, and leaving without effect as well as canceling the whole of agreements, reports, negotiations, correspondence, commitments and communications carried out previously between them either in writing or verbal.

SEVENTH. APPLICABLE LAW: This present instrument will abide and will be interpreted in conformity with the applicable and current legal disposition in the United States of Mexico among which are the Mining Law, the Code of Commerce and the Federal Civil Code.

EIGHTH. JURISDICTION: PARTIES expressly agree to submit any controversy arising regarding the interpretation and execution of this present agreement before jurisdiction of the competent Courts of Law of the Morelos Judicial District in the City of Chihuahua, and thus, renouncing as of this moment to any other privileges that might correspond to them by reason of their current or future domiciles, or by any other circumstance.

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.

BOTH PARTIES IN THE KNOWLEDGE OF THE FORCE AND LEGAL REACH OF THIS PRESENT CONTRACT; THEY SUBSCRIBE IT BEING TOGETHER IN THE CITY OF CHIHUAHUA, STATE OF CHIHUAUA, ON THE SECOND DAY OF THE MONTH OF JUNE OF THE YEAR TWO THOUSAND AND NINE.

           ASSIGNER 

 ASSIGNEE

Signature                                                          Signature

Hector Manuel Cervantes Soto                               Corporacion Amermin, S. A. de C.V.

Per his own right and representing                              Represented in this act by:

Jose Francisco Rubio                                                  Ramiro Trevizo Gonzalez

Jose Filemon Cervantes Soto, and

Iram Cervantes Soto

Modifying agreement subscribed between Mr. Hector Manuel Cervantes Soto, Jose Filemon Rubio, Jose Filemon

Cervantes Soto and Iram Cervantes Soto on one hand and Corporacion Amermin, S. A. de C. V, on the other, on 

the 2nd June 2009.Converted by EDGARwiz

JUDICIAL AGREEMENT SUBSCRIBED BY A) CORPORACIÓN AMERMIN, S. A. DE C. V., REPRESENTED IN THIS ACT BY RAMIRO TREVIZO GONZÁLEZ IN HIS PERSONALITY AS LEGAL REPRESENTATIVE, AS WELL AS BY RAMIRO TREVIZO LEDEZMA IN HIS PERSONALITY AS SOLE ADMINISTRATOR (THE DEFENDANTS) AND B), CARLOS ARNOLD ACUÑA ARANDA, PER HIS OWN RIGHT (THE PLAINTIFF), INCLUDING THE APPEARANCE OF ALBERTO ACUÑA ARANDA, PER HIS OWN RIGHT, JOINTLY NAMED THE “PARTIES” IN ACCORDANCE WITH THE FOLLOWING PREVIOUS RECORDS AND CLAUSES:

PREVIOUS RECORDS

I.

On the 10th July 2008 the demand procedure was admitted which the PLAINTIFF presented as a suit of law before the Second Civil Law Court of the Morelos Judicial District per the Ordinary Civil means against the DEFENTDANTS, by virtue of which, among other benefits, the rescission of the contract previously subscribed was claimed as well as the devolution of different goods considered as mining assets; the restitution of the mining rights derived from the concession granted on lot named “Dos Amigos”; reparation and compensation of the damages caused by the DEFENDANTS in their harm, in addition of payment of costs;

II.

The procedure described was noted down under file number 906/08;

III.

After having depleted all procedural stages and because it is convenient to their interests, PARTIES decided to subscribe a first judicial agreement; same that was duly ratified on the 4th March 2009 and is kept in before mentioned file;

IV.

By virtue of this AGREEMENT, the DEFENDANTS took upon themselves, among other things, the following obligations: 1: to restitute the PLAINTIFF the mining rights derived from the concession granted on mining lot named “Dos Amigos”; 2: to immediately return the mining asset originally sold in favor of the DEFENDANTS; 3: the payment in favor of the PLAINTIFF the amount of $50,000.00 Dollars (Fifty thousand Dollars 00/100 In currency of the United States of America, per concept of costs within the following 30 (thirty) natural days of the date of ratification of the AGREEMENT, as well as; 4: payment in favor of the PLAINTIFF the amount of $250,000.00 Dollars (Two hundred and fifty thousand Dollars 00/100 in currency of the United States of America, per concept of reparation and compensation of damages, as well within the following 30 (thirty) natural days of the date of ratification of the AGREEMENT;

V.

Afterwards, PARTIES subscribed and ratified modifying agreements to the mentioned AGREEMENT, specifically on the 30th March 2009 and 6th May 2009 by virtue of which the DEFENDANTS were given an extension on payment in order to comply with the obligations assumed by virtue of the AGREEMENT, and; 

1

VI.

Taking into consideration that PARTIES have reached a new agreement regarding the matters contained in the AGREEMENT and the modifying agreements, it is their free will to subscribe this present instrument, as well as to ratify it in all conformity, with the purpose of ending in a definite manner the controversies that originated the judicial procedure already commented, and subjecting themselves to the following declarations and clauses.

DECLARATIONS

I.

The DEFENDANTS declare through the offices of their legal representative and under oath of stating the truth, that:

1. In regards to the legal representation of CORPORACIÓN AMERMIN, S. A. DE C. V. ̧ its representative enjoys the powers, mandates and the sufficient and necessary faculties to subscribe this present agreement as evinced in Public Writ number 22,503 granted on the 12th June 2008 before testimony of Mrs. Elsa Ordóñez Ordóñez, Attorney at Law and applicant to the exercise of Public Notary, ascribed to Notary Public number 28 of the Morelos Judicial district of the State of Chihuahua, and acting as Public Notary per license of the offices Title Holder Mr. Felipe Colomo Castro, Attorney at Law, and instrument which is duly inscribed in the Public Registry of Commerce of said Judicial District under electronic mercantile folio number 21,164*10, and same that to date have not been limited, restrained, suspended or revoked.

2. Regarding Mr. Ramiro Trevizo Ledezma’s representation, its representative enjoys the powers, mandates and the sufficient and necessary faculties to subscribe this present agreement as evinced in Public Writ number 23,617 granted on the 25th April 2009 testimony of Mrs. Elsa Ordóñez Ordóñez, Attorney at Law and applicant to the exercise of Public Notary, ascribed to Notary Public number 28 of the Morelos Judicial district of the State of Chihuahua, and acting as Public Notary per license of the offices Title Holder Mr. Felipe Colomo Castro, Attorney at Law, and instrument which is duly inscribed in the Public Registry of Commerce of said Judicial District under electronic mercantile folio number 21,164*10, and same that to date have not been limited, restrained, suspended or revoked.

II.

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

CLAUSES

FIRST. DEFINITE TERMINATION: By virtue of the subscription of this present instrument PARTIES agree in definitely terminating and they terminate, for all legal 

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purposes that may arise, the matters included and judged within the bosom of the Ordinary Civil Suit of Law identified under file number 906/08, promoted and conducted before the jurisdiction and competence of the Second Civil Court of Law of the Morelos Judicial District, State of Chihuahua (the LAW SUIT) complying to the terms and conditions that will be agreed upon in the following clauses.

SECOND. OBLIGATIONS OF THE DEFENDANTS: Derived from the definite conclusion of the LAW SUIT, the DEFENDANTS expressly take upon themselves to comply with the following obligations in favor of the PLAINTIFF:

1.

Return the property and the possession of the goods integrated in the mining assets initially claimed by the PLAINTIFF. In agreement with the expressed request by the PLAINTIFF, the property and ownership of the goods described must be restituted in favor of his father, Mr. Emilio Acuña Peralta. To such an effect, PARTIES commit themselves to subscribe within the following 15 (fifteen) natural days of the date of signature and ratification of this present instrument, an agreement by virtue of which the terms and conditions will be set down and to which they will oblige themselves in order to carry our such devolution in the understanding that such a delivery of goods should not extend beyond a 30 (thirty) natural days term, the same, as of the date of signature and ratification of this present instrument; PARTIES will accredit before this Court the celebration of the contract of transfer of rights thus bearing the understanding that the obligation has been complied with that they jointly undertake as the paper work for inscription and whatever else required before the Public Registry of Mines will be charged exclusively to the PLAINTIFF.

2. 

Restitute the mining rights derived from the concession on lot named “Dos Amigos”. In agreement with the expressed request by the PLAINTIFF, the mining rights derived from the concession granted on lot named “Dos Amigos”, identified under title number 222,511 (two hundred and twenty two thousand five hundred and eleven) on a surface of 24.4306 (twenty four hectares, forty three deca-areas and six centi-areas), and located in the Municipality of Baoachi, State of Sonora, to date registered before the Public Registry of Mining in favor of the DEFENDANTS, 97% (ninety seven per cent) of such rights corresponding  to Corporación Amermin, S. A. de C. V., and the remaining 3% (three per cent) to Ramiro Trevizo Ledezma, must be ceded gratuitously in favor of his father, Mr. Emilio Acuña Peralta. To such an effect, the DEFENDANTS commit themselves to subscribed and ratify before Notary Public within the following 15 (fifteen) natural days as of the date and signature and ratification of this present instrument, a contract of transfer of rights with Emilio Acuña Peralta and to which such restitution will be subject to. Once the contract is available, the DEFENDANTS commit themselves to carry out the paper work required according to the applicable and current legislation in order to obtain the inscription of same before the Public Registry of Mines. The totality of expenses incurred in for such ratification and inscription of the contract in comment will be undertaken by the DEFENDANTS.

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THIRD. OBLIGATIONS OF THE PLAINTIFF. Derived from the definite conclusion of the LAW SUIT, the PLAINTIFF expressly undertakes to comply with the following obligations in favor of the DEFENDANTS:

1. Expressly renounces to the General and Irrevocable Power for Litigation and Collection previously granted by the DEFENDANTS in favor of the PLAINTIFF and of Alberto Acuña Aranda. To such an effect, PARTIES agree that beginning as of this moment all legal effects are left without validity as there is no object to withhold it, the power that was exhibited pertaining to this matter and which is set in records as per Public Writ number 19,849 dated on the 20th August 2007, reason by which the PARTIES agree to notify Public Notary number 28 of the Morelos Judicial District in the city of Chihuahua of which is title holder Mr. Felipe Colomo Castro, with the purpose that he be made known of such relinquishment and he able to note down in his protocol the cancellation of the power and mandate that was granted by the DEFENDANTS. Likewise, in this act, the PLAINTIFF returns to the DEFENDANTS of the Notary Instrument where is evinced the power that as of today is left without legal effect and states, under oath of stating the truth, that he does not keep for himself any another copy and he commits himself not to make use before any third party such power.

FOURTH. CONDONATION OF DEBTS: Taking into consideration that the LAW SUIT has been concluded in definite as per agreement between the PARTIES as noted down in the previous first clause, by virtue of the subscription of this instrument the PLAINTIFF condones expressly in favor of the DEFENDANTS the obligation to pay the following amounts:

1. The amount of $50,000.00 Dollars (Fifty thousand Dollars 00/100 in United States of America currency), per concept of costs.

2. The amount of $250,000.00 Dollars (Two hundred and fifty thousands dollars 00/100 in United States of America currency), per concept of reparation and compensation of damages.

3. Any other amounts that might derive from the object of this LAW SUIT.

4. The PLAINTIFF expressly acknowledges that due to the condonement he has granted, there there are no further amounts charged to the DEFENDANTS and who are liberated of any debt whatsoever as of this moment.

FIFTH: RECIPROCAL RELEASE:  Derived from the definite termination agreed upon in the previous first clause of the LAW SUIT, PARTIES expressly agree for all legal purposes that may arise, in granting to each other the widest berth release that proceeds by law regarding the totality of the acts, omissions and conducts of any type or nature that their representatives, administrators, shareholders, proxies, mandatories, employees, executives, agents, consultants and  advisers , either past, present or future have carried out to date in relation to the mercantile relationship that originated the LAW SUIT, both PARTIES acknowledging that to date there does not exist any right 

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or obligation derived from same being pending of compliance, excepting those expressly agreed to by virtue of the second and third previous clauses and consequently renouncing as of this moment to promote any action through any possible jurisdiction or competence against them or of the subjects described, in this understanding that if any one of them should not comply with such an obligation, this present instrument will serve the purpose of the total and absolute liberation regarding the non compliances or responsibilities that might be argued against, and both PARTIES express their satisfaction regarding the mercantile relationship they have put an end to on this date.

SIXTH. ADDRESSES. The DEFENDANTS expressly make known as their only address to hear notifications or to receive documents derived from this suit of law, the one located on Calle California 5101, suite 206, Edificio Ejecutivo Vértice (Vertice Executive Building) Colonia (Colony) Haciendas de Santa Fe in the City of Chihuahua, State of Chihuahua.

On his part, the PLAINTIFF states as his address the one written down as the one procedural in the initial Suit of Law, for conventional purposes regarding this instrument.

SEVENTH. RES JUDICATA. PARTIES request that this agreement be stated as Res Judicata (Matter Judged) and be sentenced to be and pass by same as if were a writ of execution, and requesting that due to the definite termination of the suit of law they have agreed upon, it be ordered to file definitely this matter, and returning to each of the PARTIES the documents they exhibited in the civil process.

BOTH PARTIES BEING IN THE KNOWLEDGE OF THE FORCE AND LEGAL REACH OF THIS PRESENT AGREEMENT, THEY SUBSCRIBE IT BEING TOGETHER IN THE CITY OF CHIHUAHUA, STATE OF CHIHUAHUA ON THE 16TH JUNE TWO THOUSAND AND NINE.

PLAINTIFF

 APPEARING PARTY

CARLOS ARNOLD ACUÑA ARANDA

ALBERTO ACUÑA ARANDA

PERHIS OWN RIGHT

PER HIS OWN RIGHT

DEFENDANTS

CORPORACIÓN AMERMIN, S. A DE C. V.

RAMIRO TREVIZO LEDEZMA

Represented in this act by:                       

Represented in this act by:

Ramiro Trevizo González

Ramiro Trevizo González

###

5

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