THIS ROYALTY AGREEMENT is dated as of the 15th day of April, 2015. AMONG:Royalty Agreement • April 15th, 2016 • Focus Ventures Ltd. • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia
WHEREAS pursuant to agreements dated March 5, 2015 (collectively and as amended from time to time, the “Purchase Agreement”) among Agrifos PERÙ S.A.C. (“Agrifos”), Juan Paulo Quay S.A.C. (“JPQ”), and each of Inca Terminals & Mining Inc. and Trabajos Maritimos S.A as minority shareholders of JPQ (together, the “Sellers”), Agrifos purchased 70% of the issued and outstanding shares of JPQ from the Sellers.
