THIS AGREEMENT dated for reference the 1st day of February, 2006.Joint Venture Agreement • February 6th, 2006 • Tao Minerals Ltd. • Metal mining
This letter agreement has been prepared as the result of negotiations had between Tao Minerals Inc. (“Tao”), Primecap Resources Inc. (“Primecap”) and Nueva California S.A. (“Nueva California”), concerning the acquisition, by Tao, of an interest in the Risaraldo La Golondrina D14-082 property located in Narino, Colombia (the “Property”). This letter agreement commits to paper the essential terms and conditions upon which the parties will agree to the transaction (the “Transaction”), and provides a framework within which to complete the due diligence necessary to finalize the Transaction. It is anticipated that, once this letter agreement is signed by all parties, a definitive agreement, containing the terms and conditions listed herein and such other terms and conditions, covenants, representations, warranties and indemnities generally included in an agreement of this nature, will be entered into and delivered by the parties (the “Definitive Agreement”).
