MINERA ANDES INCORPORATED May 15, 2003 La Mancha Resources Inc. 213 West First Street North Vancouver, B.C. V7M 1B3 Attention: Walter Berukoff Dear Sirs: Arrangement AgreementArrangement Agreement • May 19th, 2003 • Minera Andes Inc /Wa • Miscellaneous metal ores • British Columbia
The purpose of this letter is to set out the terms on which Minera Andes Inc. ("Minera Andes") has agreed to combine its business and operations with the business and operations of La Mancha Resources Inc. ("La Mancha") on the basis that all of the issued and outstanding common shares of La Mancha are exchanged for common shares of Minera Andes as provided herein.
