EXPLORATION AND EXPLOITATION MINING CONTRACT AND PROMISE OF TRANSFER OF MINING RIGHTS CELEBRATED BETWEEN A) EMILIO ACUÑA PERALTA, REPRESENTED IN THIS ACT BY MR. CONRADO ACUÑA ARANDA IN HIS PERSONALITY AS GENERAL AGENT (THE CONCESSIONAIRE) AND B)...Exploration and Exploitation Mining Contract • August 19th, 2009 • Tara Minerals Corp. • Metal mining
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):
PREVIOUS FACTSModifying Contract • August 19th, 2009 • Tara Minerals Corp. • Metal mining
On the 25th November 2008, PARTIES subscribed a Transfer of Rights Contract by virtue of which, among other terms and conditions, the ASSIGOR transferred in favor of the ASSIGNEE the title holding of various mining rights as specified in the Previous Facts of said instrument and agreeing to receive in exchange, as counterclaim, the amount of $1’647,000.00 Dollars (One million six hundred and forty seven thousand Dollars 00/100 in United States currency), plus the corresponding Added Value Tax, an amount total of $1’894,050 Dollars (One million eight hundred ninety four and fifty Dollars 00/100 in United States currency) to be paid under an agreed schedule of payments to such an effect, the CONTRACT. Ordinary copy of said document is attached to this present instrument for purposes of clarity and certitude as Attachment I;
