Cancellation of Debt and Release Agreement Sample Contracts

MEXORO MINERALS LTD. CANCELLATION OF DEBT AND RELEASE AGREEMENT

Cancellation of Debt and Release Agreement • December 24th, 2009 • Mexoro Minerals LTD • Gold and silver ores • California

• Contract Type
  Cancellation of Debt and Release Agreement
• Filed
  December 24th, 2009
• Company
  Mexoro Minerals LTD
• Industry
  Gold and silver ores
• Jurisdiction
  California

This CANCELLATION OF DEBT AND RELEASE AGREEMENT (this “Agreement”) is made as of the 23rd day of December 2009, by and between Mexoro Minerals Ltd., an entity organized under the laws of Mexico (the “Company”), Minera Rio Tinto, S.A. de C.V. (“MRT”) and Mario Ayub (“Mr. Ayub” and along with MRT, the “Releasing Parties”).