Oral Agreement for Purchase of Mines between Company and Juan Alberto Medrano Romero

Contract Categories: Business Finance › Purchase Agreements
Summary

This oral agreement, effective October 2018, is between the Company and Juan Alberto Medrano Romero. Under the agreement, the Company will pay Mr. Medrano Romero $1,000,000 once the Mexican government approves the transfer of five mines, as listed in a prior Memorandum of Understanding dated June 22, 2018. The payment is contingent on government approval of the mine transfers.

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EX-10.1 2 ex_134382.htm EXHIBIT 10.1 ex_134382.htm

 

 

Exhibit 10.1

  

 

ORAL AGREEMENT

BY AND BETWEEN

COMPANY AND JUAN ALBERTO MEDRANO ROMERO

 

 

Oral Agreement between the Company and Juan Alberto Medrano Romero, as of October, 2018, pursuant to which, upon the Mexican government’s approval of the transfer of the mines, the Company shall pay $1,000,000 to Mr. Medrano Romero in exchange for the five mines listed in the Memorandum of Understanding entered into by the Company and Juan Alberto Medrano Romero on June 22, 2018.