SECOND AMENDMENT TO THE OPTION AND JOINT VENTURE AGREEMENT OF MARCH 15, 2001

EX-10.12.2 4 mux-20161231ex101227ce7.htm EX-10.12.2 mux_Ex_10122

Exhibit 10.12.2

 

SECOND AMENDMENT TO THE

OPTION AND JOINT VENTURE AGREEMENT

OF MARCH 15, 2001

 

 

It is hereby agreed this August 27, 2002 to amend the OPTION AND JOINT VENTURE AGREEMENT of March 15, 2001 (the "Agreement"), between MINERA ANDES INC., a corporation formed under the laws of Canada (''MAI''), MINERA ANDES S.A., a corporation formed under the laws of Argentina ("MASA''), and MAURICIO HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru ("MHC'').

 

By mutual consent as witnessed by the signing of this document it is hereby agreed that the Agreement and the rights and obligations of the parties hereunder are strictly limited to the areas of interest described in Exhibit l of the First Amendment to the Agreement of May 14, 2002 (being herein referred to as the "Area of Interest"). There is no area of influence around the Area of Interest.  Each of the Participants shall have the free and unrestricted right to enter into, conduct and benefit from any and all business ventures of any kind whatsoever, whether or not competitive with · the activities undertaken pursuant hereto, without disclosing such activities to the other Participant or inviting or allowing the other Participant to participate herein. Without limiting the generality of the foregoing, no Participant shall be under any duty to disclose to any other Participant information relating to mining or mineral claims, concessions, or leases of other properties located outside the Area of Interest.

 

In addition, MHC agrees not to acquire land within the original joint venture area for a period of three years from the date of dropping a property from the joint venture.

 

The Amendment referred to herein supersedes all other prior agreements and understandings, both written and oral, among the parties or any of them, with respect to the subject matter hereof.

 

IN WITNESS WHEREOF the parties have executed this Agreement as of the day, month and year first written above.

 

 

MINERA ANDES INC.

 

 

 

 

 

By:

/s/ Allen V. Ambrose

 

Its:

President

 

 

 

MINERA ANDES S.A.

 

 

 

By:

/s/ Brian Gavin

 

Its:

 

 

 

 

 

 

MAURICIO HOCHSCHILD & CIA. LTD.

 

 

 

 

 

By:

/s/ Jorge Benavides

 

Its:

Exploration Manager

 

             Jorge Benavides

 

 


 

EXHIBIT  1

 

 

PROPERTY TYPE

FILE

AREA REAL

Comments

El Pluma 1

410.411/MA/99

750

Ex cateo 402.845

El Pluma 2

412.277/MA/99

1000

Ex cateo 402.845

El Pluma 3

412.279/MA/99

750

Ex cateo 402.845

El Pluma 4

412.281/MA/99

1000

Ex cateo 402.845

El Pluma E1

410.412/MA/99

1000

Ex cateo 403.627

El Pluma E2

412.278/MA/99

1000

Ex cateo 403.627

El Pluma E3

412.280/MA/99

800

Ex cateo 403.627

Saavedra 10

413.395/MA/00

1000

in cateo

Saavedra 11

401.874/MA/01

1000

in cateo

10 

Saavedra 12

401.875/MA/01

1000

in cateo

11 

Saavedra 13

401.876/MA/01

1000

in cateo

12 

Saavedra 14

401.877/MA/01

1000

in cateo

13 

Saavedra 1a

410.093/MA/99

1000

in cateo

14 

Saavedra 2a

410.091/MA/99

1000

in cateo

15 

Saavedra 3

410.096/MA/99

800

ex cateo

16 

Saavedra 4

410.095/MA/99

800

in cateo

17 

Saavedra 5

410.089/MA/99

800

in cateo

18 

Saavedra 6b

410.094/MA/99

800

ex cateo

19 

Saavedra 7a

410.090/MA/99

1000

in cateo

20 

Saavedra 8

410.092/MA/99

1000

in cateo

21 

Saavedra 9

413.396/MA/00

1000

in cateo

 


 

 

22 

SaavNE1

400.625/MA/01

1000

ex cateo

23 

SaavNE2

400.626/MA/01

1000

ex cateo

24 

SaavNE3

400.627/MA/01

500

ex cateo

25 

Tres A

411.333/MA/99

1000

ex cateo

26 

Tres B

411.334/MA/99

750

ex cateo

27 

Tres C

414.264/MA/00

980

ex cateo

28 

Tres Colores A

411.332/MA/99

1000

Ex cateo 406.002

29 

Tres Colores B

411.331/MA/99

998.5

Ex cateo 406.002

30 

Tres Colores C

414.643/MA/00

901

Ex cateo 406.002

31 

Tres Colores D

414.642/MA/00

901

Ex cateo 406.002

32 

Tres Colores E

414.641/MA/00

901

Ex cateo 406.002

33 

Tres Colores F

414.640/MA/00

901

Ex cateo 406.002

34 

Tres Colores G

414.639/MA/00

397.5

Ex cateo 406.002

35 

Tres D

414.265/MA/00

770.13

ex cateo

36 

Tres E

414.266/MA/00

999.93

ex cateo

37 

Tres F

414.267/MA/00

999.93

ex cateo

38 

Uno A

413.095/MA/00

840

ex cateo

39 

Uno B

413.096/MA/00

840

ex cateo

40 

Uno C

413.097/MA/00

820.2

ex cateo

41 

Uno D

400.765/MA/01

840

ex cateo

42 

Uno E

400.766/MA/01

840

ex cateo

43 

Uno F

400.764/MA/01

594

ex cateo

44 

Uno G

401.507/MA/01

1103.7

ex cateo 406.943

 


 

 

45 

Uno H

401.508/MA/01

560.4

ex cateo 406.943

46 

Uno I

401.509/MA/01

560.4

ex cateo 406.943

47 

AGUAS VIVAS

403.089/MSC/01

9992

 

 

 

 

50490.69