SALE AND PURCHASE OF MINING CONCESSION AGREEMENTConcession Agreement |
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ENGLISH
VERSION – 20F ITEM 19
Exhibit 4.c
SALE
AND PURCHASE OF MINING CONCESSION AGREEMENT
THIS AGREEMENT is made and entered in the
City of Chihuahua, State of Chihuahua, Mexico on this the 22nd day
of June, 2004 by and between:
VICENTE ARTURO CABALLERO OLIVAS, who declares
to be a Citizen of México, of age, married under common property regime
and spouse SUSANA OTILIA QUEVEDO ALMAZAN appearing herein to grant spousal
consent for this act, acting in their own rights, and
MARIA ESTELA CABALLERO DE SWANSON and GLORIA
CABALLERO OLIVAS DE MUÑOZ, herein represented by VICENTE ARTURO
CABALLERO OLIVAS, holding General Powers of Attorney for Legal Representation
and Collections, Acts of Administration and Domain, authority granted conferred
in the City of Chihuahua, State of Chihuahua on the 26th day of
December, 1973 before Carlos Guizar Ocaranza, notary public number 5 of
District of Morelos, State of Chihuahua, and
JOSEPH VICENTE VERE CABALLERO, herein
represented by VICENTE ARTURO CABALLERO OLIVAS, holding Special Powers of
attorney for Legal Representation and Collections, Acts of Administration and
Domain, authority granted in the City of Dallas Texas, United States of America
on the 21st day of April 2003, as evidenced on public deed no.8129,
notarial act no.438, signed before the authority of Juan José Salgado
Saavedra general consul of Mexico for the said City, and
SYLVIA MARGARITA VERE CABALLERO DE RAMOS also
known as SYLVIA MARGARITA RAMOS, herein represented by VICENTE ARTURO CABALLERO
OLIVAS, holding Special Powers of attorney for Legal Representation and
Collections, Acts of Administration and Domain, authority granted in the City
of Phoenix, Arizona, United States of America on the 27th day of
January 2003, as evidenced on public deed no.4796, notarial act no.42, signed
before the authority of Ruben Alberto Beltran Guerrero general consul of
México for the said City,
(hereinafter collectively referred to as the
"Vendors")
AND
OF THE
FIRST PART;
MINERA MONTERDE, S. De R. L. de C.V., a
limited liability partnership validly subsisting and duly incorporated pursuant
to the laws of the United Mexican States, herein represented by ALAN DOUGLAS
HITCHBORN acting as the General Manager, holding General Powers of Attorney for
Legal Representation and Collections, Acts of Administration and Domain,
(hereinafter referred to as
the "Purchaser"),
OF THE
SECOND PART.
The appearing parts have caused the execution
of this Sale and Purchase to set forth the terms and conditions under which the
Vendors hereby sell to the Purchaser, and the
Purchaser purchases from
the Vendors, on payment of the Total Purchase Price, an undivided 100%
interest, rights and title in and to the Mining Concession (as defined
here-below), free and clear of all liens, charges, encumbrances, adverse
claims, rights or interest of any person.
This Agreement is entered into by the parties
in accordance with the laws of the United Mexican States and, in particular, in
accordance with the applicable provisions of the Mining Act and its
Regulations, the Civil Code of the State of Chihuahua and in accordance with
the following recitals:
I.
WHEREAS, each of the
Vendors hereby severally and jointly warrant and represent to the Purchaser
that:
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A. |
They are the proprietors of
an undivided one hundred percent (100%) interest in the mining concession
title number 112692 which conveys the mining rights on the mining lot
"Anexas de Guazapares" surface area of 90 Has., located in the
Municipality of Guazaparez, Mineral of Monterde, State of Chihuahua,
México; the mining concession title herein referred to is registered
at the Mines Recorders Office of the General Direction of Mines under
Registration number 456, page 115, volume 107 of the Book of Mining
Concession (hereinafter referred to as the "Mining Concession");
they have acquired the aforementioned interest in the Mining Concession by
inheritance in the following proportion: |
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a. |
VICENTE ARTURO CABALLERO
OLIVAS acquired by inheritance 37.5% (thirty-seven point five percent) and by
transfer agreement executed with GUADALUPE CABALLERO DE LOPEZ he acquired 25%
(twenty five percent), for a total of 62.5% (sixty two point five percent)
undivided interest in the Mining Concession, |
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b. |
MARIA ESTELA CABALLERO
OLIVAS DE SWANSON acquired by inheritance 12.5% (twelve point five percent)
undivided interest in the Mining Concession, |
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c. |
GLORIA CABALLERO OLIVAS DE
MUÑOZ acquired by inheritance 12.5% (twelve point five percent)
undivided interest in the Mining Concession, |
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d. |
JOSEPH VICENTE VERE
CABALLERO and SYLVIA MARGARITA VERE CABALLERO DE RAMOS, also known as SYLVIA
MARGARITA RAMOS acquired by inheritance 6.25% (six point twenty five percent)
each for a total of 12.5% (twelve point five percent) undivided interest in
the Mining Concession. |
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B. |
As of the date hereof, the
Mining Concession is (a) validly subsisting, (b) in good standing in respect
to the obligations set forth in article 27 of the Mining Act and (c) free and
clear of all liens, charges, encumbrances, adverse claims, rights or interest
of any person, affectations or limitations of ownership of whatsoever nature.
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C. |
They individually possess
the full legal capacity and competence required to enter into this Agreement
and to perform their respective obligations hereunder; the execution and
performance of this Agreement will not conflict with or result in any |
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breach of any covenants,
agreements or other instrument whatsoever to which they are a party, either
severally or jointly. |
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D. |
The powers and authority
granted to VICENTE ARTURO CABALLERO OLIVAS to represent MARIA ESTELA
CABALLERO OLIVAS DE SWANSON, GLORIA CABALLERO OLIVAS DE MUÑOZ, JOSEPH
VICENTE VERE CABALLERO and SYLVIA MARGARITA VERE CABALLERO DE RAMOS, also
known as SYLVIA MARGARITA RAMOS, are sufficient in accordance with the law
for the execution hereof and said powers and authority have not, as of the
date hereof, been revoked, amended or limited in any manner whatsoever. |
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II. |
WHEREAS, the
Purchaser hereby warrants and represents to the Vendors that: |
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