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.