PREVIOUS RECORDS. The VENDOR is in the owner ship of certain technical information related with the mining Project known as “La Verde” (the INFORMATION), and same that is integrated by the 2 (two) mining lots described following and to date still pending of being registered before competent authorities and title holding belongs to AMM (the FUTURE CONCESSIONS) Lot: MINA EL XXXXXXX File : 095/13646 Surface: 54.2402 Hectares. Location: Municipality of Choix, State of Sinaloa. Lot: LA VERDE 5 File: 095/13521 Surface: 72.7999 Hectares. Location: Municipality of Choix, State of Sinaloa.
PREVIOUS RECORDS. On the 25th November 2008 PARTIES subscribed a Transfer of Mining Rights Contract by virtue of which, among other terms and conditions, the PRINCIPAL transferred in favor of the ASSIGNEE the title holding of mining rights specified in the Previous Records of said instrument, agreeing to receive in exchange as counterclaim the amount of $1’674,000.00 Dollars (One million six thousand seventy four Dollars 00/100 in currency of the United States of America), plus the corresponding Added Value Tax to be paid accordingly to the schedule of payments agreed upon for such a purpose (the CONTRACT). Ordinary cpy of said instrument is attached to this present writing for purposes of clarity and certainty as Annex I;
PREVIOUS RECORDS. The VENDOR is in ownership of certain technical information related with the mining project under the name of “La Palma” (the INFORMATION) same that is integrated in the 6 (six) mining lots described following and whose title holding belongs to AMM (the CONCESSIONS). Lot: LA VERDE 3 Title: 230,341 File: 095/12614 Surface: 110.1261 Hectares. Location: Municipality of Choix, State of Sinaloa. Date of issuance: 15th August 2007.
PREVIOUS RECORDS. The VENDOR is in ownership of certain technical information related with the mining project under the name of “El Centenario” (the INFORMATION) same that is integrated in the 9 (nine) mining concessions described following and whose title holding to date belongs to AMM (the CONCESSIONS). Lot: EL MONO Title: 229,013 File: 095/12649 Surface: 100.000 Hectares. Location: Municipality of Choix, State of Sinaloa. Date of issuance: 26th February 2007.
PREVIOUS RECORDS. Prior to the date of the subscription on this present contract the PRINCIPAL acquired the rights derived from the registry request of the 2 (two) mining concessions described ahead (the FUTURE CONCESSIONS), and same that will be integrated in the project known as “La Verde”. Lot: MINA EL XXXXXXX File: 095/13646 Surface: 54.2402 Hectares. Location: Municipality of Choix, State of Sinaloa. Lot: LA VERDE 5 File: 95/13521 Surface: 72.7999 Hectares. Location: Muncipality of Choix, State of Sinaloa. .
PREVIOUS RECORDS. 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;
PREVIOUS RECORDS. The CONCESSIONAIRE is the legitimate title holder of the mining rights derived from the 8 (eight) concessions that are detailed following, and are integrated in the mining project named “ Picacho”, all of them located in the Municipality of Bacoachi, State of Sonora: (the CONCESSIONS): 161,838 El Picacho 21.0000 Hectares 206,327 Unificación Rey de Oro 495.3229 Hectares 214,776 Mis Recuerdos 2.1708 Hectares 218,818 Picacho II 448.5564 Hectares 222,511 Dos Amigos 24.4306 Hectares 222,789 Picacho II 4.9217 Hectares 222,925 El Picacho I 2,155.6890 Hectares 226,154 Xxxxxxx 00.0000 Xxxxxxxx II. In recent days, the EXPLORER referred to the CONCESSIONAIRE its interest in carrying out exploration and exploitation mining activities in the lots properly known as the CONCESSIONS (the LOTS) as well being granted the option that the mining rights derived from the CONCESSIONS might be ceded to him in the future through the formality of the respective promissory contract, paying in exchange, as a counterclaim, a certain amount of money.
PREVIOUS RECORDS. On the 18th October 2005 Parties subscribed a Contract of Assignment of Rights derived from the Mining Concession Titles (The Contract), by virtue of which the Assigner promised to surrender in favor of the Assignee the rights derived from the Titles numbered: 218,519 and 217,789, that correspond to the lots named "Nuvia 2" and "La Nuvia", respectivexx, xnd receiving xx xxchange the price of $200,000.00 USD (Two hundred thousand in American Cy.), plus the corresponding Added Value Tax (IVA), that is to say, the amount of $230,000.00 USD (Two hundred and thirty thousand in American Cy.), same that would be covered in partial payments as per the amortization calendar described in the Third Clause of The Contract. Ordinary copy of such document is annexed to this present writing as Attachment I;
PREVIOUS RECORDS. On 27th March 2006 PARTIES subscribed a Sales-Purchase Contract with dominion retention of the rights conferred by the Mining Concession (the “CONTRACT”), by virtue of which, among other terms and obligations, the PURCHASER (named in the mentioned contract as the (“EXPLORER”), committed itself to pay in favor of the CONCESSIONAIRES for the purchase of the title holdings of the mining concessions object of same, the amount of $6’000,000.00 Dollars (Six million Dollars 00/100 in United States of America Currency), plus the corresponding Added Value Tax, that is, an amount total of $6’900,000.00 (Six million nine hundred thousand Dollars 00/100 in United States of America Currency), as per a schedule of partial payments described in the Second Clause, numeral 5, of the CONTRACT.
PREVIOUS RECORDS. 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;
