Document:

Nayarit Gold Inc: Exhibit 4.4 - Prepared by TNT Filings Inc.

  

Exhibit 4.4 

AMENDMENT TO THE EXPLORATION OF MINING CONCESSION AND OPTION
TO PURCHASE MINING RIGHTS AGREEMENT ENTERED INTO BY AND BETWEEN MR. ADRIAN
EVODIO PRADO GOMEZ AND HIS WIFE MRS. YUKIKO ADACHI DE PRADO, BOTH ACTING BY
THEIR OWN RIGHT (HEREINAFTER "PRADO") AND MINERA PORTREE DE ZACATECAS, S.A. DE
C.V., HEREBY REPRESENTED BY MR. LUIS EMILIO VILLANUEVA AVELLANEDA (HEREINAFTER "PORTREE"),
IN TERMS OF THE FOLLOWING DECLARATIONS AND CLAUSES: 

DECLARATIONS 

I. 

Both parties declare that: 

I.1 

On November
28, 2003 they entered into an Exploration of Mining Concession and Option to
Purchase Mining Rights Agreement (hereinafter the "Agreement") by which Prado
conveyed to Portree the exclusive right to explore and, as the case may be,
exploit the mining concession (hereinafter the "MINING CONCESSION") that covers
the following mining claim (the "CLAIM"), which is located at the Municipality
of Acaponeta, State of Nayarit: 

  	NAME OF THE CLAIM	TITLE NUMBER	SURFACE (HS)
	 	 	 
	La Estrella	196009	146.3529

II. 

Prado hereby
declares that: 

II.1. 

In the Agreement
he declared that the MINING CONCESSION was free of any liens, encumbrances or
limitation of ownership and that it was updated in the compliance of all the
obligations established by the Mining Law and its Regulations for mining
concessionaires. 

II.2. 

Notwithstanding
the foregoing, upon execution of the Agreement Prado owed mining duties
corresponding to the MINING CONCESSION from the first semester of 1993 up to the
second semester of 2003 in the understanding that as of the first semester of
the year 2004, the payment of such duties shall be made by PORTREE. 

II.3. 

In addition to
the indebtedness mentioned in Declaration 11.2 above, the CLAIM is encumbered
with a first degree mortgage that guarantees the payment of a loan granted to
him by the Mining Development Trust (FIFOMI) that arises to the principal amount
of Mx.Cy. $186,197.01 (One Hundred Eighty Six Thousand One Hundred and Ninety
Seven 01/100 Pesos) (hereinafter the "Loan"). 

II.4. 

He has been
dealing with the officers of the FIFOMI and is trying to obtain a discount in
the amount of the Loan in order to liquidate it with the less possible amount.

II.5. 

He does not have
enough funds to pay the indebtedness to which Declarations 11.3 and 11.4 refer,
so he wishes to enter into this Amendment with the purpose that PORTREE pays on
his behalf such amounts and deduce them from the price agreed in the Agreement
for the Conveyance of the rights that were subject matter of same. 

III. 

PORTREE declares
through its legal representative that: 

III.1. 

It has performed
an exhaustive due diligence of the MINING CONCESSION, from which it has been
concluded that the mining duties corresponding to such MINING CONCESSION since
1993 have not neither calculated nor paid in accordance to the rate established
by the Duties' Federal Law for each one of the semesters since that date. 

III.2. 

It wishes to
liquidate the indebtedness mentioned in Declarations 11.3. y 11.4. above,
provided that the amount paid is reduced from the price agreed in the Agreement.

In accordance with the above
mentioned Declarations, the parties hereto agree in the terms of the following:

CLAUSES 

FIRST. Declaration II. of the Agreement is amended and
Declaration 11.D. is added as follows: 

"II.C. In the date of execution of this Amendment to the
Agreement, he owes the mining duties corresponding to the MINING CONCESSION
since the first semester of 1993 and up to the second semester of 2003 (the
"Duties Indebtedness"). 

"II.D. The MINING CONCESSION is encumbered with a first
degree mortgage that guarantees the payment of the Loan, which liquidation is
being negotiated by himself with the Mining Development Trust (FIFOMI) with the
purpose of obtaining a discount in the amount currently owed." 

3 

SEGUNDA. Clause Fourth Bis is added to the Agreement as
follows: 

"FOURTH BIS. In order to obtain a discount in the current
amount of the Loan, Prado is negotiating with the Mining Development Trust, and
the last written communication in that regard was sent on March 10, 2004 to Mr.
Guillermo Nieto Ramirez, Local Manager of such entity at the State of Sinaloa
and up to date it has not been answered. 

Therefore, Prado hereby binds himself to make his best effort
with the purpose to obtain such discount in a maximum period of 30 days as of
the date of execution of this Amendment and, in case he does not achieve it, he
accepts that PORTREE liquidates the Loan and discounts it from the price agreed
in the Agreement, in terms of Clause Third hereof. 

TERCERA. Paragraph B of Clause Fifth of the Agreement is
amended as follows: 

"FIFTH. Price... 

A. 

5.B Pay to Prado the following amounts: 

5.B.1 . 

5.B.2 Upon execution of this
Amendment, US$50,000, from which PORTREE shall deduct: (i) the amount of the
Duties Indebtedness and pay it on that account as provided by the Mining Law,
its Regulations and Articles 67 and 146 of the Federal Tax Code; and (ii) the
amount of the Loan or the one which results if Prado obtains a discount thereof
in terms of Clause Fourth Bis, and pay it to the Mining Development Trust (FIFOMI)
in order to release the MINING CONCESSION of the mortgage affecting it. The
parties agree that from the above mentioned payment PORTREE shall deduct a
maximum amount of US$25,000 for the payment of the Duties Indebtedness and of
the Loan, and in case this amount is not enough to cover such payments, the
difference shall be deducted by PORTREE from the payment that will be made on
November, 2005 in terms of the Agreement. 

5.B.3... 

5.B.4 ... 

5.B.5 ... 

5.B.6 ... 

5.B.7... 

4 

5.C..." 

FOURTH. The Declarations and Clauses of the Agreement that are not amended or
added by this Amendment, shall keep effective in the terms established thereat..

The parties hereby sign this Amendment at the city of Mexico, Federal
District, on May 17, 2004. 

PRADO 

/s/Adrian Evodio Prado Gomez                 

Adrian Evodio Prado Gomez 

PORTREE 

Minera Portree de Zacatecas, S.A. de C.V. 

/s/ Luis Emilio Villanueva Avellaneda                     

Ing. Luis Emilio Villanueva Avellaneda Attorney-in-fact. 

/s/ Yukiko Adachi de Prado                                  

Mrs. Yukiko Adachi de PradoNayarit Gold Inc: Exhibit 4.5 - Prepared by TNT Filings Inc.

 

Exhibit 4.5 

ASSIGNMENT OF RIGHTS AGREEMENT ENTERED INTO BY
AND BETWEEN MINERA PORTREE DE ZACATECAS, S.A. DE C.V., REPRESENTED BY HIS
ATTORNEY-IN-FACT MR. LUIS EMILIO VILLANUEVA AVELLANEDA (HEREINAFTER THE
"ASSIGNOR"), AND NAYARIT GOLD DE MEXICO, S.A. DE C.V., REPRESENTED BY HIS
ATTORNEY-IN-FACT MS. CLAUDIA GISELA DE LA BORBOLLA PERALES (HEREINAFTER THE
"ASSIGNEE"), IN ACCORDANCE WITH THE FOLLOWING RECITALS AND CLAUSES: 

R E C I T A L S

I. THE ASSIGNOR hereby states, through its representative that: 

1.        
It is a Mexican corporation duly incorporated under
the laws of the United Mexican States, in terms of Notarial Instrument
No. 54,354 dated September 21, 1989, granted before number 54.354 of date 21 of
September of 1989, granted before the faith of the notary public, Gerardo Correa
Etchegara Public Notary 89 of the Federal District, whose first testimony was
enrolled in the Public Registry of Commerce of the Federal District under number
29 to folios 131 to the 138, Volume 58, with date 25 of June of 1990 and in the
Public Registry of Mining, under the number 53, fojas 46 as opposed to 47 in
front, Volume 29 of Libro of Mining Societies. 

2.         Its
representative has the necessary powers and authorities to enter into this
agreement and bind the company in its terms, authorities that have not been
revoked, restricted or modified in any manner whatsoever. 

3.         It is
the sole and legal holder of the rights deriving from the exploitation mining
applications and concessions (hereafter the "MINING CONCESSIONS") existing on
the claims described below, located in the Municipality of Acaponeta, State of
Nayarit: 

	MINING CLAIM	TITLE	SURFACE
	 	 	 
	Orion	205616	527.5021
	El Magnifico Fracc. I	221588	6.9029
	El Magnifico Fracc. II	221589	32.00
	El Magnifico Fracc. III	221590	6.9575
	El Magnifico Fracc. IV	221591	8.8388
	El Magnifico	221592	7595.744

4.         The
MINING CONCESSIONS are free and clear of any lien or encumbrance whatsoever,
including without limitation an expropriation, temporary occupation, or
easement. 

5.         The
MINING CONCESSIONS are effective and current with respect to all obligations
established by the Mining Law and its Regulations, the applicable tax provisions
regarding same, and the Environmental Law. 

6.         It has not acquired
any obligation before third parties that could prevent it from entering into
this Agreement. 

7.         
Through a meeting of its Board of Directors dated May 10, 2004 same body
approved without restriction, the assignment of the rights deriving to the
MINING CONCESSIONS in terms of this Agreement. 

8.         It desires to assign
in favor of the Assignee the rights deriving from the MINNING CONCESSIONS in
terms of this Agreement. 

II. The ASSIGNEE hereby states
through its representative that: 

1.        
It is a Mexican corporation duly incorporated under
the laws of the United Mexican States in terms of Notarial Instrument No.
4,167 dated April 2, 2004, granted before Alejandro Moncada Alvarez, Notary
Public Number 240 for the city of Mexico, Federal District, pendent of being
recorded with the Public Registry of Commerce for the Federal District and with
the Public Registry of Mining. 

2.         Its
representative has the necessary powers and authorities to enter into this
agreement and bind the company in its terms, authorities that have not been
revoked, restricted or modified in any manner whatsoever. 

3.        
It desires to acquire without restriction from the ASSIGNOR the rights deriving
from the MINING CONCESSIONS. 

Now therefore, the parties agree to the following: 

C L A U S E S 

FIRST. Through this
agreement, the ASSIGNOR transfers to the ASSIGNEE who acquires hereby, 100% of
the rights derived from the applications and MINNING CONCESSIONS, and therefore
the ASSIGNOR hereby assigns and transfers all rights and obligations
corresponding to it in relation to same concessions. 

SECOND. The Assignor transfers the MINNING CONCESSIONS to
the ASIGNEE, free and clear of any lien or encumbrance whatsoever and in
compliance with all applicable obligations in terms of the Mining Law and its
Regulations, the applicable tax provisions regarding same, and the Environmental
Law. 

THIRD. The total price for the assignment of the rights
to which clauses first and second of this agreement refers is the amount of
US$246,500.00, legal currency of the United States of America, plus the
corresponding Value Added Tax (VAT), which shall be paid by the ASSIGNEE to the
ASSIGNOR on __________. 

FOURTH. ASSIGNOR hereby obligates to make ASSIGNEE or any
third party that acquires the rights deriving from the MINNING CONCESSIONS, free
and safe of any claim arising from the legal holding of such rights. 

FIFTH. The
unfulfillment of any of the obligations of the parties in terms of this
agreement, shall be a reason for the affected party to choose between the full
compliance of the agreement, or its rescission without the necessity of a
judicial declaration, obtaining the immediate restitution of the goods subject
of this assignment, plus the payment of damages and prejudices in both cases.

In case the affected party chooses to rescind
the agreement, the parties hereby agree that such rescission will be effective
since the date of the unfulfillment in full law and without the necessity of a
judicial declaration, being enough with a written notification in that regard
from the affected party to the other. 

SIXTH. Each of the parties shall pay the taxes, duties,
expenses and fees deriving to each one of them from the entering into of this
agreement, except from the fees and expenses charged by the notary public before
whom this document shall be ratified, that will be paid by the ASSIGNEE. 

SEVENTH. This
document represents the entire agreement between the parties with respect to its
purpose, so it cancels any other contract or agreement into which they have
previously entered with respect to such purpose and obligates in its terms and
conditions to the parties and their successors or assignees. 

EIGHTH. For the purposes of this agreement, including all
kinds of notices and notifications, the parties set forth as their respective
addresses, telephone and facsimile numbers, the following: 

If to the ASSIGNOR: 

Minera Portree de Zacatecas, S.A. de C.V. 

Constitución de 1917 No. 115 

Lomas de la Soledad 

C.P. 98040 Zacatecas, Zacatecas 

México 

Attention: Luis Villanueva Avellaneda 

If to the ASSIGNEE: 

Nayarit Gold de México, S.A. de C.V. 

Presidente Masaryk No. 61 - 902 

Colonia Chapultepec Morales 

11570 México, D.F. 

Telephone / Facsimile: (55) 5203-8221 

Attention: Claudia de la Borbolla Perales 

NINTH. For the purposes of this agreement, the parties
ratify it in the date of its execution before the Notary Public designated by
the ASSIGNEE, being the latter who will be in charge of recording this
instrument with the Public Registry of Mining. 

TENTH. For the
interpretation and compliance of this Agreement, the parties hereby agree to
submit to the applicable laws of the United Mexican States and to the competent
courts of Mexico, Federal District, hereby waiving to any other jurisdiction
that by reason of their present or future domiciles may correspond to them.

The parties hereby sign this Agreement at the city of Mexico,
Federal District, on May 14, 2004. 

	
    THE ASSIGNOR
	
    THE ASSIGNEE

	
    Minera Portree de Zacatecas, S.A. de C.V.
	
    Nayarit Gold de México, S.A. de C.V.

	 	 
	 	 
	 	 
	By:   /s/ Luis Villanueva
    Avellaneda	By:    /s/ Claudia de la
    Borbolla Perales
	Name: Luis Villanueva Avellaneda	Name: Claudia de la Borbolla Perales
	Position: Attorney-in-fact	Position: Attorney-in-fact

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