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