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JOINT VENTURE AGREEMENT

 

This Joint Venture Agreement is made the 18 th day of January, 2011.

 

 

BETWEEN:

 

EL TITULAR S.A.C

Jr. Dante 1239 Dpto 04, Surquillo

Lima - Peru

Represented by Mr. Ricardo Hobispo Granados

 

(“TITULAR”)

 

AND:

 

AIRON PERU S.A.C.

Calle Buen Retiro 155 Int. 404, San Borja,

Lima - Perú

Represented by Mr. Carlos Castillo

 

(“AIRON”)

 

WHEREAS:

 

1           The TITULAR has a Joint Venture to invest on exploration with the owner of the mining concession called Wuakakuy, with Code N°010062506, with 400 hectares, located in Putina District, San Antonio de Putina Province, Department of Puno (the CONCESSION).

 

2            AIRON is a company incorporated in Peru and wants to become a  joint venture partner with TITULAR in exploration of the CONCESSION.

 

IN CONSIDERATION OF the agreements contained herein and other good and valuable consideration, the parties hereto covenant and agree each with the other as follows:

 

 

1


 

 

 

1.1.

Currency

 

In this Agreement words or figures expressed in dollars or the symbol for dollars without any other indication mean


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