Exhibit
10.4
TERMINATION AND TRANSACTION
AGREEMENT
This TERMINATION AND
TRANSACTION AGREEMENT, hereinafter (the “Agreement) is
effective as of the 18th of November, 2011 between the following
parties:
Sikuri Minerals S.A.S., a
partnership that has been duly created and is in good standing in
accordance with the laws in force at the Republic of Colombia, its
identification number is NIT.900.338.194-7 and is duly represented
by Ángela María Osorio Zappa, of age, bearer of
Identification card number 52.427.335 issued in Bogotá D.C.,
who has been duly authorized by the Board of
Directors, just as stated in Exhibit A of this
Agreement, Mining Latam Energy S.A. a partnership that
has been duly created and is in good standing in accordance with
the laws in force at the Republic of Colombia, its identification
number is NIT. 900.329.056-0 and is duly represented by
Ángela María Osorio Zappa, of age, bearer of
Identification card number 52.427.335 issued in Bogotá D.C.,
who has been duly authorized by the Board of Directors, just as
stated in Exhibit B of this Agreement, Guachaves Minerals Resources
S.A.S., a partnership that has been duly created and is in good
standing in accordance with the laws in force at the Republic of
Colombia, its identification number is NIT. 900-360.779-7 and is
duly represented by Santiago González Ramos, of age, bearer
of Identification card number 7.691.508 issued in Neiva, who has
been duly authorized by the Board of Directors, just as stated in
Exhibit C of this Agreement, and Mallama Minerals Resources S.A.S a
partnership that has been duly created and is in good standing in
accordance with the laws in force at the Republic of Colombia, its
identification number is NIT. 900.353.607-1 and is duly represented
by Santiago González Ramos, of age, bearer of Identification
card number 7.691.508 issued in Neiva, who has been duly authorized
by the Board of Directors, just as stated in Exhibit D of this
Agreement, hereinafter together all four companies shall be
referred to as (the “ Companies ”);
Yesid Armando Beltrán
Moreno, of age, bearer of identification card number 19.242.800
issued in Bogotá D.C., hereinafter (the “
Holder ”) and duly represented by Santiago
González Ramos, of age, bearer of identification card number
7.691.508 issued in Neiva, as stated in Public Deed No. 429 issued
before the Notary First of the Circle of Bogotá D.C. on
February 11 th , 2010, as stated in exhibit E
of this Agreement; and
Minera Nariño S.A.S. a
partnership that has been duly created and is in good standing in
accordance with the laws in force at the Republic of Colombia, its
identification number is NIT. 900.393.801-3 and is duly represented
by Camilo Velásquez Vargas, of age, bearer of Identification
card number No.80.083.525 issued in Bogotá D.C., who has
been duly authorized by the Board of Directors, hereinafter (the
“Assignee”)
Each one, the Companies, the
Assignee and the Holder shall be individually referred to as (a
“ Party ”) and collectively as (the “
Parties ”).
They have agreed to enter into
this Agreement which is governed by the terms stated in articles
2469 and following of the Colombian Civil Code, so that it has the
force of a matter settled in court as a last resort, which shall be
governed by the clauses stated below, in accordance with the
following:
WHEREAS:
1. That
the Parties have entered into the Contract to Transfer Mining
Concession No. IKE-10421X on the 22nd of November, 2010,
hereinafter (the “ Contract ”).
2. That
as per the terms provided in the Contract, the Companies and the
Holder are bound jointly and irrevocably to perform all the acts
needed to: (i) request for the granting of the transference
contract derived from the mining request identified with code
number IKE-10421X under the terms stated in the legislation that is
in force within the ten (10) work days following the Holder’s
being registered as the sole holder of the
concession
contract that is derived from mining request identified
with code number IKE-10421X in the National Mining Registry
and, (ii) once the resolution has been issued
giving effect to the concession contract as derived from
the mining request identified with code
number IKE-10421X to the Assignee (the
“Transfer”), register that Transference to the Assignee
at the National Mining Registry (the “ Registry
”).
3. That
as per the terms provided in the Contract, and as a especial
consideration to the duties acquired by the Companies, the Assignee
has deposited the amount of five hundred thousand dollars (US$
500.000) (the “ Resources ”), in a trust fund
with Fiduciaria de Occidente, (the “Trust Fund”), which
shall be paid to the Companies once the Registry process
is

|