Party B: No.209 Geological Brigade of Yunnan Provincial Nuclear Industry(hereinafter referred to as "Party B").Agreement on Compensation for the Failed Transfer of Mining Rights • November 8th, 2005 • Magnus International Resources, Inc. • Metal mining • Yunnan
Whereas the share of Kangding Kangma Mining Ltd. ("Kangding Kangma") and its mining rights for the Xintaizi Gold Mine in Kangding, Sichuan (the "Mining License") has not yet been transferred to Party A, Party B is willing to compensate Party A for the relevant losses to date in the hope of future cooperation. The two parties have fully consulted with each other through negotiations and concluded the following Agreement on Compensation for Transfer of Mining Right:
