OroAndes Resource Corp. TERMINATION AGREEMENT
OroAndes
Resource Corp.
THIS
AGREEMENT made as of July 8, 2008
BETWEEN:
OROANDES RESOURCE CORP.
(formerly AVALANCHE
MINERALS LTD.), a corporation incorporated under the laws of Canada,
having offices at Suite 000-000 Xxxxxxx Xxxxxx, Xxxxxxxxx, XX, X0X
0X0
(“OroAndes”)
AND:
ALMADORO MINERALS CORP.
(formerly OPES
EXPLORATION INC.), a Nevada corporation having an address at 0000
Xxxxxxxx Xxxx, Xxxxxxxx, XX, X0X 0X0
(“Almadoro”)
THIS
AGREEMENT witnesses that in consideration of the premises, the sum of $10 now
paid by each of the parties to the other and the mutual covenants and agreements
hereinafter set forth, the parties agree as follows:
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1.
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The
Mining Option Agreement (the “Mining Option Agreement”) between OroAndes
and Almadoro made as of the 27th
day of December, 2007 with respect to certain mining claims in Ecuador is
hereby terminated. Neither party shall have any further rights
or obligations under the Mining Option
Agreement.
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2.
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OreAndes
shall forthwith refund to Almadoro the sum of $20,000 paid by Almadoro
under the Mining Option Agreement and Almadoro agrees that no other
amounts paid by Almadoro under or in connection with the Mining Option
Agreement are to be refunded or repaid to
it.
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3.
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This
Agreement is the entire agreement of the parties pertaining to the subject
matter hereof.
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4.
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This
Agreement shall be governed by and interpreted in accordance with the laws
of the Province of British Columbia and the federal laws of Canada
applicable therein.
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Xxxxx
000- 000 Xxxxxxx Xxxxxx, Xxxxxxxxx X.X. X0X 0X0
Phone#
000-000-0000 Fax# 000-000-0000 Email: xxxxxxxxxx@xxxxx.xxx
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THE PARTIES have executed this Agreement as of the date first
above written.
OROANDES
RESOURCE
CORP. ALMADORO
MINERALS CORP.
By: /s/
Authorized
Signatory By: /s/
Authorized Signatory
Authorized
Signatory Authorized
Signatory
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