EX-10.12.1 3 mux-20161231ex10121e399.htm EX-10.12.1

Exhibit 10.12.1

Amendment to the OPTION AND JOINT VENTURE AGREEMENT

Of March 15th, 2001

It is hereby agreed this 14 th day of May, 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 “Rights” as defined under the preamble of The Agreement and more particularly described in Schedule A of The Agreement will be modified effective as of May 15, 2002 to the areas of interest described in Exhibit 1.

Also, by mutual consent as witnessed by the signing of this document it is hereby agreed that MHC will hereafter take over the responsibilities of maintaining the Rights described in Exhibit 1 as defined under section 7.1.4 (f) of The Agreement.

Neither party shall take any action during the Option Period to exclude from the Property any portion or parcel of the Rights described in Exhibit 1 without the consent of the other party, except in accordance with the procedure state in Section 7.2 of The Agreement.

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

|  |  | MINERA ANDES INC.
By: | /s/ Allen V. Ambrose |  |
Its: President |  |
|  | MINERA ANDES S.A.
By: | /s/ Dr. Jorge Vargas |  |
Its: |  |
|  | MAURICIO HOCHSCHILD & CIA. LTD.
By: | /s/ [illegible] |  |
Its: |  |

EXHIBIT 1

| PROPERTY TYPE | FILE | AREA REAL | Comments
1 | El Pluma 1 | 410.411/MA/99 | 750 | Ex cateo 402.845
2 | El Pluma 2 | 412.277/MA/99 | 1000 | Ex cateo 402.845
3 | El Pluma 3 | 412.279/MA/99 | 750 | Ex cateo 402.845
4 | El Pluma 4 | 412.281/MA/99 | 1000 | Ex cateo 402.845
5 | El Pluma E1 | 410.412/MA/99 | 1000 | Ex cateo 403.627
6 | El Pluma E2 | 412.278/MA/99 | 1000 | Ex cateo 403.627
7 | El Pluma E3 | 412.280/MA/99 | 800 | Ex cateo 403.627
8 | Saavedra 10 | 413.395/MA/00 | 1000 | in cateo
9 | 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 |