Colegio de Escribanos del Paraguay

 
Xxxxxxx
00.0

Xxxxxxx
xx Xxxxxxxxxx xxx Xxxxxxxx
 
              Public Notary:

              Xxxxxxxx
      Xxxxx Xxxxxxxxx

              Location:

              Ausncion

              Address:

              000
      Xxxxxx Xx. and Xxxxxxxxx X. Xxxxxx

              Register:

              802

Private
Contract Between Xx. Xxxx Xxxxx Xxxxx Xxxxxxx and the North American Company ESM
Refiners, Inc. ---In the City of Xxxxxxxx, Capital of the Republic of Paraguay,
on the 10th day of November of the year 2010, between Xx. Xxxx Xxxxx Xxxxx
Xxxxxxx, with Permanent Admission Card Nr 19.979, of Swedish nationality,
single, domiciled in Nr. 538 Xxxxx Xxxxxxxxx Xxxxxxxx St, in the city of
Xxxxxxxx de xx Xxxx, from now on The Seller, on one hand and on the other, The
North American Company ESM Refiners Inc, represented by its Manager Xx. Xxxxxx
Xxxxxxxx, from now on The Buyer, from North American passport Nr. 10036,
domiciled in 000 Xxxxx Xx., of this capital.---Both of legal age, legally
competent, agree to celebrate this contract which will regulated by the
following clauses and conditions: First The Seller has requested on October 19,
2010, the corresponding permit to the Ministry of Public Works and
Communications to perform prospection and survey in an area located in the
Guaira Department, Oriental Region of Paraguay, said note is attached to this
document and it was entered to the mentioned Ministry on October 20th, 2010 and
the coordinates are according to the national letter Nr 5669 on a surface of
Nine Thousand one Hundred Hectares(has 9.100); Second: Of the surface requested,
the Seller assigns and transfers to the Buyer an area of 6,300 hectare according
to the following coordinates: A – East 60.6000.-North 7155000.- Direction B:
East 613.000.- north 7155000.- Direction E: East 613.000- North
7146000.-Direction F East 606000.- North 7146000.- Third: All the investments to
be carried on the area will be under the Buyer’s Expenses. Fourth : As a payment
for this transfer the Buyers pay the amount of Three Hundred Twenty Five
Thousand American Dollars (US$325,000) and transfer by this act Five (5%) per
cent of the stocks in the North American Company ESM Refiners Inc. to the
Seller. Fifth: As well, the Buyer promises and makes himself to deliver to the
Seller with out cost to him, One percent (1%) of the future extraction of metals
in the present area as gold, silver, platinum, etc. Sixth: During the
Exploration Stage a quantitative study will be performed in order to have the
certainty of the existence of 2,000,000 ounces of gold. Seventh: If the
mentioned study results that the production is less than the mentioned amount,
the parties have agreed to renegotiate this contract. Considering said clauses
and contiditions, the present contract is executed and make themselves to
fulfill dully and legally, In witness thereof two identical copies are signed in
the city and date mentioned at the beginning.
Document Metadata

Colegio de Escribanos del Paraguay

Document Metadata
