0001176256-09-000190 Sample Contracts

Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile No. (54-ll) 4315-7900
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated October 10, 2006 (the “Funding Letter Agreement”) among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc. (“MAI”), MASA and MSC, as amended from time to time. Terms used herein without separate definition and defined in the Funding Letter Agreement are used herein as there defined.

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Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile No. (54-ll) 4315-7900
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated October 10, 2006 (the “Funding Letter Agreement”) among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc. (“MAI”), MASA and MSC, as amended from time to time. Terms used herein without separate definition and defined in the Funding Letter Agreement are used herein as there defined.

March 29, 2007 Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile...
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated January 5, 2007, as amended, among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc., Minera Andes S.A. and Minera Santa Cruz S.A. and the letter agreements dated January 25, 2007, as amended, and February 28, 2007 among the same parties (collectively, the “Letter Agreements”), each relating to advances of the Lorenzon/MSC PFL, the Lorenzon/MAI PFL, and the MAI/MSC PFL (as such terms are defined in the Letter Agreements).

February 28, 2007 Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile...
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated October 10, 2006 (the “Funding Letter Agreement”) among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc. (“MAI”), MASA and MSC, as amended from time to time. Terms used herein without separate definition and defined in the Funding Letter Agreement are used herein as there defined.

Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile No. (54-ll) 4315-7900
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated October 10, 2006 (the “Funding Letter Agreement”) among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc. (“MAI”), MASA and MSC, as amended from time to time. Terms used herein without separate definition and defined in the Funding Letter Agreement are used herein as there defined.

Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile No. (54-ll) 4315-7900
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated October 10, 2006 (the “Funding Letter Agreement”) among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc. (“MAI”), MASA and MSC, as amended from time to time. Terms used herein without separate definition and defined in the Funding Letter Agreement are used herein as there defined.

Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile No. (54-ll) 4315-7900
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated January 5, 2007, as amended, among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc., Minera Andes S.A. and Minera Santa Cruz S.A. and the letter agreements dated January 25, 2007, February 28, 2007 and April 26, 2007, each as amended, among the same parties (collectively, the “Letter Agreements”), each relating to advances of the Lorenzon/MSC PFL, the Lorenzon/MAI PFL, and the MAI/MSC PFL (as such terms are defined in the Letter Agreements).

February 26, 2007 Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile...
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated January 5, 2007 among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc. (“MAI”), MASA and MSC and the letter agreement dated January 25, 2007 among the same parties (collectively, the “Letter Agreements”), each relating to advances of the Lorenzon/MSC PFL, the Lorenzon/MAI PFL, and the MAI/MSC PFL (as such terms are defined in the Letter Agreements).

April 26, 2007 Messrs. MINERA ANDES INC. MINERA ANDES S.A. Spokane, WA Attention : Allen Ambrose Facsimile No. (509) 921-7325 MINERA SANTA CRUZ S.A. Leandro N. Alem Avenue 712, Suite 5A Capital Federal, Argentina Attention: Gonzalo Freyre Facsimile...
Minera Andes Inc /Wa • March 2nd, 2009 • Miscellaneous metal ores

We refer to the letter agreement dated January 5, 2007, as amended, among Hochschild Mining (Argentina) Corporation, formerly known as Lorenzon Limited (“Lorenzon”), Minera Andes Inc., Minera Andes S.A. and Minera Santa Cruz S.A. and the letter agreements dated January 25, 2007 and February 28, 2007, each as amended, among the same parties (collectively, the “Letter Agreements”), each relating to advances of the Lorenzon/MSC PFL, the Lorenzon/MAI PFL, and the MAI/MSC PFL (as such terms are defined in the Letter Agreements).

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