EX-99.4 5 a07-16712_13ex99d4.htm EX-99.4

Exhibit 4

TRA.2747-06/N

ADDENDUM

KNOW ALL MEN BY THESE PRESENTS, the Addendum to the Master Agreement (the “Addendum”) entered into by and between:

a)                                  Sociedad Minera Austria Duvaz S.A.C., identified by Tax ID Number (RUC) 20100102171, with principal place of business at Av. José Gálvez Barrenechea 925, San Borja, acting by and through Jaime RODRÍGUEZ MARIÁTEGUI PROAÑO, identified by National Identity Card (DNI) 09154499 and Gonzalo RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 09877652, as per powers of attorney registered in Card 11392644 of the Registry of Companies in and for Lima and El Callao (“Duvaz”);

b)                                 Luis RODRÍGUEZ MARIÁTEGUI PROAÑO, identified by National Identity Card (DNI) 09144124, with usual residence at Calle Miguel Aljovin 530, Surco, acting by and through Luis RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881, as per power of attorney registered in Card 11035745 of the Registry of Mandates and Powers in and for Lima and El Callao and Jaime RODRÍGUEZ MARIÁTEGUI PROAÑO, identified by National Identity Card (DNI) 09154499, with principal place of business at Av. José Gálvez Barrenechea 925, San Borja (collectively referred to as the “Agents”);

c)                                  Jaime RODRÍGUEZ MARIÁTEGUI BLUME, identified by National Identity Card (DNI) 09389280, with usual residence at Calle La Joya 175, Tambo de Monterrico, Surco and Luis RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881, with usual residence at Calle Miguel Aljovin 530, Surco (collectively referred to as the “Class A Shareholders of Company B”)

d)                                 Minera Perú Copper S.A., identified by Tax ID Number (RUC) 20506675457, with principal place of business at Av, San Borja Norte 1302, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 84967 and H. Eric PEITZ, identified by Alien ID Card (CE) 000190392, as per powers of attorney registered in Card 11532703 of the Registry of Companies in and for Lima and El Callao (“MPC”).

Duvaz, the Agents, the Class A Shareholders of Company B and MPC shall be hereinafter collectively referred to as the “Parties”.

With the participation of:

María Josefa CANNY CASTRO, identified by National Identity Card (DNI) 09144123, married to Luis RODRÍGUEZ MARIÁTEGUI PROAÑO, acting by and through Luis RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881, as per power of attorney registered in Card 11035745 of the Registry of



Mandates and Powers in and for Lima and El Callao; Gladys María BLUME MAZZINI, identified by National Identity Card (DNI) 08802895, married to Jaime RODRÍGUEZ MARIATEGUI PROAÑO; and Melissa Gabriela PATRONI DEDEKIND, identified by National Identity Card (DNI) 10308801, married to Jaime RODRÍGUEZ MARlÁTEGUI BLUME, who shall give their conformity and consent to each and every one of the terms and conditions of this Addendum.

This Addendum is entered into under the following terms and conditions. The terms in capital letters which are not specifically defined herein shall have the meanings ascribed thereto in the Master Agreement (as said term is defined in Point 1.1 of this Addendum).

ONE:   Recitals

1.1                           On March 16, 2006, Duvaz, the Agents, the Class A Shareholders of Company B and MPC executed an instrument called the Master Agreement (the “Master Agreement”) in order to establish the terms and conditions that would rule the possible direct and indirect acquisition of certain mining concessions, surface rights and assets owned by DUVAZ.

1.2                           In order to show the agreements reached by the Parties following the execution of the Master Agreement, the Parties agree to enter into this Addendum, which amends certain provisions of the Master Agreement, as well as the provisions set forth in its Exhibits and the Appendices thereto.

TWO: Amendments to the Master Agreement

2.1                            The Parties hereby agree to the following:

(A)

 

Amend Point 2.2 of the Master Agreement.

(B)

 

Amend the first paragraph of Point 2.4 of the Master Agreement.

(C)

 

Amend the second paragraph of Point 3.1 (a1) of the Master Agreement.

(D)

 

Amend Item (b) of Point 3.1 of the Master Agreement.

(E)

 

Amend the first paragraph of Item (c) of Point 3.1 of the Master Agreement.

(F)

 

Amend Point 3.2(a) 1 and 5 of the Master Agreement.

(G)

 

Agree on the terms that shall replace Exhibit F to the Master Agreement.

(H)

 

Add Exhibits O, O-1, P, P-1, P-2, P-3, Q, R, S and T.

 

2.2                            The parties hereby agree to amend Point 2.2 of the Master Agreement, which shall read as follows:

“2.2 Corporate reorganization and transfer of mining concessions

2.2.1 Corporate reorganization. The Agents bind themselves to approve, in the Shareholders’ Meeting of DUVAZ, a corporate reorganization agreement whereby an equity block (consisting of the mining concessions, surface rights and other assets detailed in Exhibit B, except for the mining concessions called

 

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“Juanita”, “La Demócrata”, “Pilar” and “María Celina”, whose transfer is regulated pursuant to the provisions set forth in the following Sub-point 2.2.2, as well as the liabilities of Duva detailed in Exhibit C) to be contributed to Company B shall be segregated. Under no circumstances shall the equity block to be transferred to Company B represent or generate losses to Company B exceeding fifty percent (50%) of the capital stock of Company B at the time of the corporate reorganization. If applicable, Duvaz shall carry out the revaluation of the Properties detailed in Exhibit B that shall form part of the equity block for the purposes of the corporate reorganization. The following provisions shall govern this corporate reorganization:

(a)                             Duvaz shall remain jointly and severally bound to Company B with respect to the payment of the liabilities detailed in Exhibit C upon the effective assignment of the debtor position in favour of Company B until the moment in which: (i) the Option Agreement is registered in the filing entries of the Properties detailed in Exhibit A (except for those detailed in Point 3.1 (a1) of this Master Agreement) and, (ii) the Properties described in Exhibit B are effectively registered in the name of Company B in the pertinent filing entries (except for those detailed in Sub-point 2.2.2 of this Master Agreement).

(b)                            MPC, in its capacity as creditor of the debts that shall be assigned by Duvaz to Company B, shall refrain from carrying out any collection operation with regard to said debts over the assets of Duvaz or Company B, until any of the following situations occur:

(i)                                 The term established in Point 3.1 (c) of this Master Agreement expires, and neither the Agents nor Duvaz have exercised the option established in said Point 3.1 (c) or;

(ii)                              MPC exercises the purchase option established in the Option Agreement referred to in Point 3.1 of this Master Agreement and the Properties detailed in Exhibit A to this Master Agreement are registered in the name of MPC.

Upon the execution of this Master Agreement, MPC (in its capacity of creditor) hereby approves the assignment of liabilities from Duvaz to Company B within the corporate reorganization framework.

2.2.2 Transfer of concessions “Juanita”, “La Demócrata”, “Maria Celina” and “Pilar”. MPC states that it is aware that Duvaz does not hold the exclusive ownership of some of the Properties listed in Exhibit B attached hereto. In this understanding, MCP acknowledges that:

(i)          The concession called “Juanita” (as per the list of concessions attached hereto as Exhibit B) is held by Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo, the share interests of which are held by Duvaz (50%) and Volcan Compaňía Minera S.A.A. (50%).

 

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(ii)                              The concession called “La Demócrata” (as per the list of concessions attached hereto as Exhibit B) is jointly held by Duvaz (33.3%) and the third parties appearing on Exhibit T attached to the Master Agreement (66.7%).

(iii)                            The concession called “Maria Celina” (as per the list of concessions attached hereto as Exhibit B) is jointly held by Duvaz (33.3%) and the third parties appearing on Exhibit T attached to the Master Agreement (66.77%).

(iv)                          The concession called “Pilar” (as per the list of concessions attached hereto as Exhibit B) is held by Sociedad Minera de Responsabilidad Limitada Pilar de Huancayo, the share interests of which are held by Duvaz (78% registered). Moreover, Duvaz states that it owns an additional 20% of the share interests acquired from Empresa Minera del Centro del Perú S.A. – CENTROMÍN. However, said percentage has not been registered yet. The remaining 2% is held by other members.

Within a period of two hundred forty (240) days following the execution of this Master Agreement and by means of a notarized letter, notices or other mechanisms as provided for by law, Duvaz and Company B shall notify Sociedad Minera de Responsabilidad Limitada Juanita, indicated in Sub-point 2.2.2 (i), of their intention to transfer to Company B the share interests of Duvaz.  With regard to the jointly-owned properties mentioned in the foregoing Sub-points 2.2.2(ii) and 2.2.2(iii), Duvaz shall notify its co-holders of the transfer of its aliquots to Company B within the same period of two hundred forty (240) days. The text of said communications and notices are attached hereto as Exhibits O, P and P-1. Moreover, Duvaz and Company B hereby undertake to notify MPC about the answers that Duvaz may receive from its partner and co-holders.

With regard to the transfer of the share interests of the legal companies and the aliquots of the concessions, as the case may be, the price to be paid as established herein shall be as follows:

a)                                 For the concession “Juanita”, the price for the transfer of 50% of the share interests of Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo amounts to US$3’500,000 (Three Million Five Hundred Thousand US Dollars).

b)                                For the concession “María Celina”, the price for the transfer of 33,3% of the ideal shares held by Duvaz amounts to US$450,000 (Four Hundred Fifty Thousand US Dollars).

c)                                 For the concession “La Dem6crata”, the price for the transfer of 33,3% of the ideal shares held by Duvaz amounts to US$190,000 (One Hundred Ninety Thousand US Dollars).

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With regard to the mining concession “Pilar”, Duvaz shall cause: (i) a Shareholders’ Meeting to be held by Sociedad Minera de Responsabilidad Limitada Pilar de Huancayo in order to approve the transfer of the mining concession “Pilar” in favour of Company B; and (ii) the transfer of the mining concession “Pilar” in favour of Company B to be approved in said Shareholders’ Meeting. Within a period of ten (10) days following said approval, Duvaz and Company B shall execute the notarially recorded instrument evidencing the transfer of the mining concession “Pilar” in favour of Company B.

With regard to the transfer of the mining concession “Pilar”, the price to be paid shall amount to US$20,000 (Twenty Thousand US Dollars) which shall be collected from the payments indicated in Exhibit F that correspond to MPC. The transfer of the mining concession “Pilar” to Company B shall be registered in favour of Company B within a term not to exceed two hundred forty (240) days following the execution of this Master Agreement.

Duvaz and the Agents hereby undertake to make every effort in order to obtain the consents required to formalize the transfer of the assets detailed in the foregoing Sub-points 2.2.2(i) to 2.2.2(iv) to Company B.

Duvaz or the Agents shall notify MPC of the replies provided by any of their partners or co-owners with regard to their desire to exercise their rights of first refusal or revocation, respectively. Should Duvaz or the Agents fail to notify MPC, within a term of thirty (30) days following reception thereof, of said replies from their partners or co-owners, MPC shall be entitled to discount, as a penalty, an amount equivalent to twice the value of the transfer of the share interests or ideal shares in respect of which Duvaz and/or the Agents may have failed to notify MPC of said replies.

As consideration for the transfer of (a) the share interests or the aliquots, as the case may be, set forth in Items (i) to (iii) of this Sub-point 2.2.2 and (b) the mining concession “Pilar”, MPC shall pay the creditors of Duvaz, at the expense of Company B, the amounts corresponding to the first six (6) months of the Schedule of Disbursements attached hereto as Exhibit F. Thus, the amounts that MPC may disburse to reduce the debt of Duvaz during the first six (6) months of said Schedule of Disbursements and that may have been used to pay the consideration corresponding to (a) the share interests or ideal shares mentioned in Items (i) to (iii) of this Sub-point 2.2.2 and (b) the mining concession “Pilar”, shall be charged to the price paid by Company B for the share interests or aliquots. These payments made by MPC to the creditors of Duvaz at the expense of Company B shall constitute a credit in favour of MPC, which shall not be enforceable as long as MPC does not exercise the option granted by virtue of the Option Agreement referred to in Point 3.1(a) of the Master Agreement.

In the event that, (A) Duvaz and the Agents did not manage to obtain the consents required to formalize the transfer of the share interests detailed in

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Sub-point 2.2.2(i); and/or (B) upon the transfer of the ideal shares detailed in Sub-points 2.2.2(ii) and 2.2.2(iii), the co-owners of Duvaz exercise their right of revocation, then, MPC shall be entitled to discount from the amount to be paid with regard to the obligations established in Exhibit F attached hereto, an amount equivalent to the value of the share interests or ideal shares indicated in this Sub-point 2.2.2 that are not transferred to Company B, pursuant to the terms and conditions established in Point 6.5 of Article Six of the Stock Purchase Agreement referred to in Point 2.3 hereof.

On the other hand, the parties hereby expressly accept that, as the Properties detailed in Sub-points 2.2.2(ii) and 2.2.2(iii) are jointly owned and therefore their co-owners have the right of revocation with regard to the transfer of aliquots, the discount indicated in the foregoing paragraph shall be effected, as long as any of the co-owners exercises its right of revocation, regardless of the time in which the action for revocation is notified and as long as the action has been filed within the term established for the exercise of the right of revocation established in the Civil Code.

The transfer agreement of share interests or ideal shares in limited liability mining companies or in the joint ownerships indicated in Items (i) to (iii) of Sub-point 2.2.2 of this Master Agreement, shall have the text attached hereto as Exhibits Q and R. The transfer agreement of the mining concession “Pilar” shall have the text attached hereto as Exhibit S.

The notarially recorded instrument evidencing the transfer of share interests in Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo indicated in Item (i) of this Point 2.2(a) shall be signed at the very latest within a period of thirty (30) days following the expiration of the term established for the members to exercise their rights of first refusal. The notarially recorded instrument evidencing the transfer of aliquots indicated in Items (ii) and (iii) of this Sub-point 2.2.2 shall be signed at the very latest within a period of two hundred and forty (240) days counted as from the execution of the Master Agreement. The duty of MPC to pay the obligations contained in Exhibit F attached hereto for an amount equivalent to the price corresponding to the share interests or ideal shares in Sociedad Minera de Responsabilidad Limitada or the joint ownerships indicated in Items (i) to (iii) of this Sub-point 2.2.2 of this Master Agreement, as well as the payment corresponding to the concession “Pilar” indicated in Item (iv) of the same Sub-point shall be created as from the registration of the option agreement referred to in Point 3.1(a) hereof in the filing entries of the Properties listed in Exhibit A attached hereto (except for the Properties indicated in Point 3.1(a1) of the Master Agreement).

2.3                             The Parties hereby agree to amend the first paragraph of Point 2.4 of the Master Agreement, which shall read as follows:

“2.4 Security Interest on the Class A shares issued by Company B. Until the price for the transfer of the Class A shares is fully paid-up, the parties hereto agree to establish a security interest on Class A shares, pursuant to the

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provisions set forth in the Security Interest Act, approved by Act 28677, in favour of the Class A Shareholders of Company B, who shall exercise their political and economic rights corresponding to said shares as provided for in Section 109 of the Business Corporations’ Act approved by Act 26887. Moreover, the parties hereby expressly agree that, in the unlikely case that the above-referred security Interest is executed, such execution shall be carried out pursuant to the provisions set forth in the Code of Civil Procedure. The parties hereby expressly establish that the foregoing constitutes an agreement that is contrary to the provisions set forth in Section 47 of the Security Interest Act; therefore, they expressly waive the out-of-court execution of the security interest indicated in the introductory part of this paragraph”.

2.4                            The Parties hereby agree to amend the second paragraph of Point 3.1(a1) of the Master Agreement, which shall read as follows:

“Within a period of ten (10) days following notification of the communication whereby MPC informs Duvaz about its intention to exercise the option granted to it by the Option Agreement, Duvaz and Company B shall communicate their partners in the Limited Liability Mining Companies established in the foregoing Points 3.1(a1)(ii), 3.1(a1)(iii) and 3.1(a1)(iv), about their intention to transfer the share interests of Duvaz in such companies, so that said partners may notify Duvaz of their intention to exercise or not their right of first refusal. In the case of the joint ownership mentioned in Point 3.1(a1)(i), and within a period of ten (10) days following the transfer of the ideal shares held by Duvaz in favour of MPC as a result of the exercise of the option established in the Option Agreement, Duvaz and the Agents shall communicate their co-owners about the transfer of their aliquots. The texts of the communications and notices shall be in keeping with Exhibits D, E and E-1 of the Option Agreement. Likewise, Duvaz and the Agents hereby undertake to notify MPC about the replies that Duvaz may receive from its partners and co-owners.

In the event that Duvaz or the Agents fail to communicate MPC, within a period not to exceed thirty (30) days following reception, the reply given by any of its partners or co-owners with regard to their desire to exercise their right of first refusal or right of revocation, (A) MPC shall be entitled to discount from the obligations indicated in Exhibit F to this Master Agreement and, as a penalty, an amount equivalent to twice the value of the above-mentioned Properties in respect of which it failed to notify to MPC of said replies, or if there are no amounts to be discounted, (B) Duvaz shall be obliged to pay the difference until completing the full amount of the above-referred discount.

If (A) Duvaz and the Agents fail to obtain the consents required to formalize the transfer of the assets detailed in Points 3.1(a1)(ii), 3.1(a1)(iii) and 3.1(a1)(iv); and/or (B) if upon the transfer of the assets detailed in Point 3.1(a1)(i), the co-owners of Duvaz exercise their right of revocation, then, MPC shall be entitled to effect a discount equivalent to the value of the above-mentioned Properties that are not transferred to MPC, pursuant to the terms established in the last paragraph of Point 5.5 of Article 5 of the Option Agreement attached hereto as

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Exhibit E, or if there are no amounts against which said discount can be effected, Duvaz shall be obliged to pay the difference until completing the full amount of the above-referred discount.

The communications to be issued by means of a notarized letter or through notices or other mechanisms as provided for by law shall incorporate the texts attached to the Master Agreement as Exhibits O-1, P-1 and P-3.

On the other hand, the parties hereby expressly accept that as the assets detailed in Point 3.1(a1)(i) are jointly owned and thus their co-owners have the right of revocation with regard to the transfer of aliquots, MPC shall be entitled to carry out the discount indicated in the foregoing paragraph (and/or Duvaz shall be obliged to pay MPC an amount equivalent to the value of said ideal shares) as long as any of the co-owners exercises its right of revocation, regardless of the time in which the action for revocation is notified and as long as it has been filed within the term established in the Civil Code for the exercise of such right”.

2.5                            The Parties hereby agree to amend paragraph (b) of Point 3.1 of the Master Agreement, which shall read as follows:

“(b)       Payments on the date of execution and registration of the Option Agreement. As from the moment MPC and DUVAZ execute the Option Agreement and it is registered in the filing entries of all the Properties subject matter of the option, MPC shall be obliged to deliver to Duvaz’s creditors, at the expense of Duvaz and with no obligation to reimburse Duvaz, the funds required by Duvaz to fulfill the obligations detailed in Exhibit F hereto in a timely manner, as described hereinbelow. Similarly, the obligation of MPC to reimburse Duvaz for the payments that Duvaz may effect regarding the obligations outlined in Exhibit F-1 (as described hereinbelow) shall also arise at the time MPC and Duvaz execute the Option Agreement and it is registered in the filing entries of the total number of Properties subject matter of the option. It is hereby certified that the first month listed in the Schedule of Disbursements, attached hereto as Exhibit F, shall be understood as the first month that will start once the two hundred and ten (210)-day term indicated in point 3.1(a), Article 3 hereof expires.

In the event that MPC considers that the opportunity for the creditor to demand the payment of any debt contained in Exhibit F has elapsed, MPC shall notify it in writing to Duvaz. It is hereby understood by the Parties that the debts that have expired due to the lapsing of time do not require payment by MPC. In this case MPC shall indemnify Duvaz against any claim that a third party may file in connection with the collection of the expired debts.

In order to avoid any doubt, the payments made by MPC to the creditors of Exhibit F shall be applied as follows: (a) US$4,160,000 (Four Million

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One Hundred Sixty Thousand US Dollars) shall be the consideration for the transfer of the Properties listed in Sub-point 2.2.2 hereof, (b) US$3’260,000 (Three Million Two Hundred Sixty Thousand US Dollars) shall be the consideration for the transfer of the Properties listed in Point 3.1(a1), and (c) the remaining amount shall be the consideration for the execution of the Option Agreement (which shall be subsequently charged to the price for the transfer of the Properties listed in Exhibit A, in the event that said option is exercised).

The parties acknowledge that after the Master Agreement is signed and before the Option Agreement is registered in each one of the filing entries of the Properties outlined in Exhibit A of this Master Agreement, Duvaz might have to pay some of the obligations established in Exhibit F, by court order, arbitration award or administrative resolution issued by a court of last resort, other than through a transaction (unless otherwise expressly authorized in writing by MPC). If as to the date of this Master Agreement there is a court order, arbitration award or administrative resolution issued by a court of last resort that imposes Duvaz a payment obligation which Duvaz has failed to comply with, Duvaz shall require the consent of MPC in order to effect said payment. If an arbitration award was issued between the date of execution of the Master Agreement and before the Option Agreement is registered in the filing entries of the Properties outlined in Exhibit A that imposes a payment obligation upon Duvaz, Duvaz shall also require the consent of MPC in order to effect such payment.

Furthermore, the parties agree that after the Master Agreement is signed and before the Option Agreement is registered in each one of the filing entries of the Properties outlined in Exhibit A hereto, Duvaz may pay those obligations detailed in Exhibit F-1, without requiring the previous consent of MPC. It is hereby expressly certified that the obligations mentioned in Exhibit F-1 are part of the amount of US$13,080,824 (Thirteen Million Eighty Thousand Eight Hundred Twenty Four US Dollars) which constitutes the total obligations outlined in Exhibit F; therefore, the reimbursement by MPC of the payments effected by Duvaz of the obligations outlined in Exhibit F-1 shall, in no case, imply further payment obligations other than those expressly provided for in the Schedule of Disbursements attached hereto as Exhibit F.

MPC expressly undertakes to reimburse Duvaz for all the sums of money borne by Duvaz according to the preceding paragraphs and which, according to the Schedule of Payments contained in Exhibit F, should be borne by MPC. To that effect, within a period of three (3) days following the date of registration of the Option Agreement in each one of filing entries of the Properties detailed in Exhibit A attached hereto, Duvaz shall inform MPC on the payments it may have effected, which must be certified with the corresponding payment vouchers. Within a term of five (5) days following the receipt of said communication, MPC

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shall reimburse Duvaz for all the obligations borne by Duvaz, under the terms indicated in the preceding paragraphs. Notwithstanding the foregoing, the parties make it clear that under no circumstances shall the reimbursement obligations referred to in this paragraph entail further obligations for MPC than those established in Exhibit F attached hereto. Thus, the amount reimbursed by MPC in favour of Duvaz shall be in turn discounted from the amounts that MPC is obliged to pay during the first year in accordance with Exhibit F, and charged to the price to be paid to Duvaz, at the expense of Company B, for the transfer of the share interests and the aliquots of the mining concessions contained in Items (i) to (iii) of Point 2.2(a) hereof. It is hereby understood that any payment (other than the default and compensatory interest accrued as from the conclusion of the due diligence referred to in Article One of the Master Agreement) required to release the liens that may have been imposed as provided for by any court order, arbitration award or administrative resolution that exceed the amounts established in Exhibit F to the Master Agreement, shall be made at the expense of Duvaz.

Furthermore, after the Option Agreement has been registered in each one of the filing entries of the Properties outlined in Exhibit A attached hereto, MPC undertakes to reimburse Duvaz for any payment included in Exhibit F that was not effected by MPC within the term established in Exhibit F and that should have been made by Duvaz. The above-mentioned reimbursement shall be made within a period of no more than five (5) calendar days as from the date in which Duvaz requested said payment. Failure to pay within the stipulated term shall give rise to a daily penalty equivalent to 0.1% of the amount due for the period of time between the expiration date of the thirty (30)-day term and the date of actual payment.

It is hereby certified that MPC’s obligation to provide the necessary funds to cover the obligations detailed in Exhibit F shall be earmarked as part of the consideration for the transfer of the Properties outlined in Exhibit A, in case MPC would decide to exercise the option, except for the amounts corresponding to the first year of the Schedule of Disbursements that constitute the price for the transfer of the share interests and the aliquots of the mining concessions contained in Items (i) to (iv) of Point 2.2(a). MPC’s obligation to effect such payments shall continue to have full force and effect even if MPC decides not to exercise the option, in which case the payments that have been effected up to that moment by MPC in compliance with Exhibit F and those that it must continue to effect for the same reason, shall be considered as a penalty in favour of Duvaz or Company B, as the case may be.

MPC shall only be released from its obligation to furnish the funds indicated in Exhibit F if: (i) MPC has decided not to exercise the option and, in addition if (ii) the Stock Purchase Agreement has been terminated. In order to avoid any doubts, (A) MPC shall only be released

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from its obligation to effect the payments detailed in the Schedule of Payments contained in Exhibit F that are not due yet, and (B) MPC shall not be entitled to claim any amount of money from Duvaz or Company B for the funds which, according to the schedule in Exhibit F, have been previously provided, and which shall be considered as a penalty in favour of Duvaz or Company B, as the case may be”.

2.6                            The Parties hereby agree to amend Point 3.2(a)(1) of the Master Agreement, which shall read as follows:

“1.                             As from the execution of this Master Agreement and during the term required by MPC (which may be extended during the effectiveness of the option granted by virtue of the Option Agreement), MPC shall take part, either alone or jointly with Duvaz, in the renegotiation of the debts of said company, which are detailed in Exhibit F. Exhibit F, called “Schedule of Disbursements”, describes the timing and funds that Duvaz requires for MPC to deliver to creditors detailed therein, at the expense of Duvaz and without any reimbursement obligation for Duvaz, in order to be able to honour the obligations outlined therein. In order to avoid any doubt, it is hereby expressly certified that MPC shall be obliged to pay only the obligations expressly indicated in the above-referred Exhibit F. Therefore, any obligation not included in said Exhibit F shall correspond to Duvaz, and Duvaz shall not be entitled to pose any claim to MPC with regard to the foregoing.”

2.7                            The Parties hereby agree to replace Exhibit F to the Master Agreement with the one attached to this Addendum. The Parties hereby expressly certify that the Exhibit F replacing the first one has been drafted with the sole purpose of (A) excluding the obligations to Companía Peruana de Envases S.A. – COPE S.A., which were recorded on said exhibit and (B) detailing the accounts payable that support the subtotals of said Exhibit F.

The Parties state that the Exhibit F replacing the first one only contains the face values of the principal, as well as the interest of the accounts payable from Duvaz accrued as at December 31, 2005. Thus, the amount of the accounts payable at the moment of their payment may be higher (i.e., said Exhibit F does not contain the interest accrued as from December 31, 2005). It is hereby expressly certified that the Exhibit F replacing the first one contains a Schedule of Disbursements that details the minimum amounts of Duvaz’s debts (acknowledged as at December 31, 2005) which MPC shall be obliged to pay off for each year. In order to avoid any doubt, it is hereby certified that MPC is not obliged to make effective disbursements for the amounts indicated in the Schedule of Disbursements detailed in Exhibit F. The obligation of MPC solely entails paying off the obligations indicated in said Schedule, either by payment or any other mechanism agreed during the renegotiation of said debts (e.g. writing off). Notwithstanding the foregoing, the Parties hereby agree that the amount of US$4,160,000 (Four Million One Hundred Sixty Thousand US Dollars) corresponding to Year 1 of the Schedule of Disbursements contained in

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Exhibit F, shall be paid out by MPC during the first six (6) months following the date on which the Option Agreement is registered (Exhibit E to the Master Agreement) in each one of the filing entries of the assets indicated in Exhibit A to the Master Agreement (except for the assets indicated in Point 3.1(a1) of the Master Agreement). In other words, in the case of Year 1, the obligation of MPC not only entails paying off the debts for the pertinent amount established in the Schedule of Disbursements, but also effectively disbursing an amount of US$4,160,000 (Four Million One Hundred Sixty Thousand US Dollars) in favour of Duvaz’s creditors. The Parties hereby agree that the amounts corresponding to Exhibits F and F-1 that MPC shall reimburse to Duvaz (as provided for in the Master Agreement and the following Point 2.8) shall be considered as part of the amount that MPC shall pay in favour of Duvaz’s creditors during the first six (6) months of the Schedule of Disbursements. It is hereby understood that with regard to the renegotiation of debts, MPC may freely pay off obligations for an amount additional to that whose value is indicated in the Schedule of Disbursements.

Moreover, the Parties hereby certify that the Exhibit F that replaces the first one has been drafted in US Dollars with the sole purpose of establishing (in the same currency) the total amount of the principal of the obligations that MPC shall pay to the creditors of Duvaz as provided for in Exhibit F, without this implying that the debts indicated in said Exhibit F must be paid in US Dollars. In order to avoid any doubt with regard to the foregoing, the Parties hereby agree that each one of the accounts payable indicated in Exhibit F shall be paid in the same currency in which said obligations were incurred by Duvaz.

Likewise, the Parties hereby agree that the Schedule of Payments contained in said Exhibit F shall be subsequently amended by the Parties in order to reflect the renegotiation of the debts with the creditors listed in said Exhibit F. It is hereby certified that the sole purpose of any subsequent amendment to said Exhibit F is to amend the payment dates of the obligations contained in said Exhibit F, and shall not entail a release on the part of MPC from paying the obligations indicated in said Exhibit F (except in case of expired debts and provided that the obligation to hold Duvaz harmless remains in full force and effect, as detailed in the second paragraph of Point 3.1(b) of this Master Agreement). Moreover, and notwithstanding the provisions of Point 3.2 of the Master Agreement, the Parties hereby expressly certify that the renegotiation of Exhibit F shall in no case imply that, for Year 5 of the Schedule of Disbursements, an amount higher than the one indicated for said year in Exhibit F attached hereto shall be owed.

2.8                            MPC shall reimburse Duvaz for all payments of the accounts payable contained in Exhibit F that Duvaz may have effected (as from the date of execution of the Master Agreement) even though Duvaz (i) has not complied with the proceeding established in the Master Agreement, an/or (ii) has paid said accounts payable without the prior consent of MPC. The Parties hereby expressly certify that Duvaz has credited MPC all payments of the accounts payable listed in Exhibit F that Duvaz has effected as of July 31, 2006, which are detailed in Exhibit F

12



under the title of “Debts from Exhibit F paid by Duvaz as of July 31, 2006.  The payments of the accounts payable outlined in Exhibit F that Duvaz has effected from August 1, 2006 up to the date of execution of the Option Agreement and the Stock Purchase Agreement shall be demonstrated to MPC by Duvaz with the pertinent payment vouchers for their reimbursement. In order to avoid any doubt with respect to the foregoing, the reimbursement of all the payments indicated in this paragraph shall be carried out when MPC reimburses Duvaz for the obligations contained in Exhibit F-1 to the Master Agreement, as provided for in the fourth paragraph of Point 3.1(b) of the Master Agreement.

Provided it is previously authorized by MPC, Duvaz may pay the accounts payable detailed in Exhibit F from the date the Option Agreement and the Stock Purchase Agreement are executed up until the date the Option Agreement (Exhibit E of the Master Agreement) is registered in the filing entries of the assets of Exhibit A attached hereto (except for the assets indicated in Point 3.1(a1) of the Master Agreement). It shall be understood that said payments shall be approved by MPC as long as MPC does not object to the payment within a period of three (3) days following the written consultation by Duvaz with regard to the origin of the payment. Notwithstanding the foregoing, MPC shall reimburse Duvaz only for the payments that (A) have been previously approved by MPC, (B) are duly evidenced by the pertinent payment vouchers and (c) constitute part of the obligations indicated in Exhibit F of the Master Agreement.

2.9                             The Parties hereby agree to add Exhibits O, O-1, P, P-1, P-2, P-3, Q, R, S and T, which are attached hereto.

THREE:                                             Amendments to the Stock Purchase Agreement (Exhibit D of the Master Agreement)

3.1                               The Parties hereby agree to the following:

(A)

 

Amend the first and second paragraphs of Point 5.2 of the Stock Purchase Agreement.

(B)

 

Amend Point 5.4 of the Stock Purchase Agreement.

(C)

 

Amend Point 6.5 of the Stock Purchase Agreement.

(D)

 

Amend Article Nine of the Stock Purchase Agreement.

(E)

 

Delete Point 6.6 of the Stock Purchase Agreement.

(F)

 

Delete Exhibit C to the Stock Purchase Agreement.

(G)

 

Add Exhibit E to the Stock Purchase Agreement.

 

3.2                            The Parties hereby agree to delete Point 4.3 (iii) of the Stock Purchase Agreement attached hereto as Exhibit D to the Master Agreement.

3.3                            The Parties hereby agree to amend the first and second paragraphs of Point 5.2 of the Stock Purchase Agreement, which shall read as follows:

“Notwithstanding the conditions agreed in the foregoing Point 5.1 the Purchaser and Duvaz shall entrust the conduction of an environmental baseline

13



study and a labour audit in relation to the matters detailed in Point 5.1 above, three (3) months prior to the expiry of the last instalment of the purchase price established in Article Four, Point 4.2, Item (v). The cost of both studies shall be borne by the Purchaser. Said studies shall be carried out by a person or company chosen by Duvaz among three (3) proposals provided by the Purchaser, who shall delimit the scope of the studies pursuant to the terms and conditions of the Master Agreement and this Stock Purchase Agreement. Duvaz’s choice shall be made within a period of three (3) business days counted as from the moment the Purchaser notifies Duvaz of the three (3) proposed companies. In the event that Duvaz fails to communicate the Purchaser about its choice within the above-mentioned period, the Purchaser shall be entitled to choose the company that shall carry out the studies, out of the three (3) companies proposed. Duvaz, jointly and severally with the Agents, undertakes to provide all the information that may be necessary to conduct said study.

If, under the terms hereof, the Purchaser is bound to pay the last instalment of the purchase price established in Article Four, Point 4.2, Item (v) and, on such date, it has not yet notified its decision to exercise or not the option set forth in the Option Agreement, then such instalment shall be deposited, in whole or in part, in an Escrow Account (the “Escrow Account”) to be opened for that purpose by the Purchaser in Banco de Crédito del Perú or Banco International del Perú (Interbank) or Scotiabank Peru S.A.A. or, otherwise, in a renowned bank approved by both parties”.

3.4                            The Parties hereby agree to amend the second paragraph of Point 5.4 of the Stock Purchase Agreement, which shall read as follows:

“The terms and conditions that shall govern the management and settlement of the Escrow Account are contained in Appendix E to this Stock Purchase Agreement. The Parties agree that the Escrow Account shall be opened in any of the banks indicated in the second paragraph of Point 5.2 hereof before the date on which payment must be made of the last instalment for
US$1,666,666.67 (One Million Six Hundred Sixty-Six Thousand Six Hundred Sixty-Six and 67/100 US Dollars) established in Point 4.2(v) hereof The Purchaser shall have the right to withhold the payment of this last instalment until it is proven to him that the Escrow Account has been opened in one of said banks”.

3.5                            The Parties hereby agree to amend the entire Point 6.5 of the Stock Purchase Agreement, which shall read as follows:

“For the purposes of the transfer of the Assets indicated in the foregoing Points 6.1 to 6.4 In favour of Company B, Company B and Duvaz shall enter into transfer agreements under the terms and conditions established in Exhibits Q, R and S to the Master Agreement.  Previously, Duvaz and the Agents must have made every effort to obtain the necessary authorizations to formalize the transfer of the Assets detailed in Points 6.1, 6.3 and 6.4 of this Article. With

14



regard to the Asset detailed in Point 6.2, it shall be transferred as provided for in Sub-point 2.2.2 of the Master Agreement.

If (A) Duvaz and the Agents fail to obtain the consents required to formalize the transfer of the Asset detailed in Point 6.1; and/or (B) if after the transfer of the Assets contained in Points 6.3 and 6.4, the co-owners of Duvaz exercise their right of revocation, then, the Purchaser shall be entitled to discount from the amount to be paid as provided for in Exhibit F to the Master Agreement an amount equivalent to the value of the Assets that are not transferred to Company B according to the terms established hereinbelow.

The discount referred to in the foregoing paragraph shall be made from the first payment that must be done according to Exhibit B to the Master Agreement, after receiving from the Agents or Duvaz the notice referred to in Point 2.2.2 of the Master Agreement. In the event that the first payment is not enough to cover the total amount of the above-referred discount, it shall be deducted from the following payments until completing such total amount.

In other words, and by way of example, if it is not possible to transfer the share interests of the Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo, the Purchaser shall be exempted from paying the instalment(s) set forth in Exhibit F to the Master Agreement until completing the full amount of the above-referred discount established for said Asset.

It is hereby understood that, with regard to the mining concessions “La Demócrata” and “Maria Celina”, which are jointly owned, and, thus, as its co-owners have rights of revocation in respect of the transfer of aliquots the discount shall be considered applicable provided that any of the co-owners has exercised its right of revocation, regardless of the time in which the action for revocation is notified and as long as such action has been filed within the term established for the exercise of the right of revocation set in the Civil Code.

It is hereby understood between the parties that the eventual non-compliance by the party who exercises the right of revocation or the right of first refusal with its obligations before Duvaz or the Agents, shall not imply any right of claim against the Purchaser, whose obligation shall be reduced by the amount corresponding to each Asset in respect of which the right of first refusal or revocation may have been exercised. Therefore, the obligation to pay the instalments contained in Exhibit F to the Master Agreement, subject matter thereof, shall be extinguished without prejudice to the provisions of the following paragraph.

It is also hereby understood between the Parties that in the event of non-compliance by those who have exercised the right of first refusal or revocation with the obligations assumed before Duvaz for the purposes of said exercise, and if said non-compliance results in: (a) the termination of the transfer agreements of the share interests and/or ideal shares, and the registration of said termination in the filing entries of the Assets indicated in Points 6.1, 6.3 and

15



6.4 above; or (ii) an agreement reached between Duvaz and the partners of co-owners whereby the exercise of the right of first refusal or revocation in respect of the Assets indicated in Points 6.1, 6.3 and 6.4 above is rendered ineffective, the Purchaser must acquire the Assets subject matter of said termination, assuming, in such case, the payment of the outstanding price, provided that the amount which has already been paid does not have to be reimbursed by Duvaz In that case, the payment of the price shall be made by applying it to the payments outlined in Exhibit F to the Master Agreement which are pending as of the date on which Duvaz notifies the Purchaser of the contents at this paragraph.

For the application of the price and the eventual discount indicated to the second paragraph of this Point 6.5, the value of the Assets detailed in Points 6.1 to 6.4 shall be as follows:

a)                                For the concession “Juanita”, the value agreed by the parties to be assigned to 50% of the share interests of the S.M.R.L Juanita de Huancayo shall amount to US$3,500,000 (Three Million Five Hundred Thousand US Dollars).

b)                               For the concession “Pilar”, the value agreed by the parties to be assigned shall amount to US$20,000 (Twenty Thousand US Dollars).

c)                                For 33.33% of the concession “Maria Celina”, the value agreed by the parties to be assigned shall amount to US$450,000 (Four Hundred Fifty Thousand US Dollars).

d)                               For the 33.33% of the concession “La Demócrata”, the value agreed by the parties to be assigned shall amount to US$190,000 (One Hundred Ninety Thousand US Dollars).

3.6                            The Parties hereby agree to delete Point 6.6 of the Stock Purchase Agreement, attached hereto as Exhibit D to the Master Agreement.

3.7                            The Parties hereby agree to amend Article Nine of the Stock Purchase Agreement, which shall read as follows:

“NINE:                                           Security Interest on Class “A” Shares

9.1                      The parties hereby establish that, as from the execution of the Stock Purchase Agreement, a security interest shall be automatically established on all the Shares A in favour of the Sellers, up to an amount of US$7,000,000 (Seven Million US Dollars), to guarantee the fulfillment of all the Purchaser’s obligations hereunder, including but not limited to the payment of the price agreed in Article Five above, as well as any other obligation of the Purchaser under the Master Agreement and the Option Agreement (the “Secured Obligations”).

16



It is hereby placed on record that the security interest referred to in the foregoing paragraph shall be applied, at all times, to the shares representing, at all times, a hundred percent (100%) of the Class “A” Shares, so that, in any case of capital Increase, the security interest shall be automatically extended to all the Class “A” shares issued by Company B, except in the cases of partial reduction of the security interest value, as provided for in Point 9.4 of this Article.

In the event of the non-fulfillment or the partial, late or defective fulfillment of the Secured Obligations by the Purchaser, should it be the case, the parties hereby expressly agree that the Class “A” Shares shall be executed in court, as provided for in the Code of Civil Procedure.  In order to avoid any doubt with regard to the foregoing, the parties hereby expressly agree not to submit to the proceeding for the execution of the security interest regulated by Section 47 et seq. of the Security interest Act.

9.2                            In accordance with the provisions set forth in Section 109 of the Business Corporations’ Act, the Purchaser hereby expressly places on record that, during the effectiveness of the security interest hereby created, the Sellers shall exercise any and all political and economic rights over the Class “A” Shares.

If the results of any fiscal year reveal distributable profits, in accordance with the financial statements of Company B, the excess shall be distributed to the Sellers, in equal parts, and applied to the payment of the following instalment or instalments of the price, as the case may be.

9.3                            The parties hereby undertake to carry out all the acts and proceedings that may be required to formalize the registration of the security interest in the Registry of Security Interests, as well as in the Share Register of Company B.  The security interest referred to in this Article Nine must be registered in the Registry of Security Interests within a period of thirty (30) days following the execution of this Stock Purchase Agreement. Likewise, such security interest must be entered in the Share Register of Company B, on the same date on which the transfer of the Class “A” Shares in favour of MPC is recorded.

9.4                            The security interest shall be automatically released upon payment of the full purchase price, without prejudice to the reductions in the security interest value referred to in the following Point 9.5 of this Article. Similarly, the ownership and exercise of the political and economic rights appertaining to Class “A” Shares shall revert to the Purchaser once the full purchase price has been paid.

In order to generate the consequences set out in the preceding paragraph, it shall suffice that both parties execute a certificate evidencing the payment of the full purchase price. Said certificate shall

17



be subsequently recorded in the Share Register of Company B as well as in the pertinent entry of the Registry of Security Interests.

9.5          Without prejudice to the provisions set forth in the preceding point, the value of the security interest shall be progressively reduced as from the payment of the third instalment of the price established in Article Four hereof. The security interest shall be reduced as follows:

(i)           Upon payment of the third Instalment agreed in Article Four, Point 4.2, Item (iii), the value of the security interest shall be reduced by twenty percent (20%) and the security interest shall be released in respect of the number of Class “A” Shares representing twenty percent (20%) of the Class “A” Shares.

(ii)          Upon payment of the fourth instalment agreed in Article Four, Point 4.2, Item (iv), the value of the security interest shall be reduced by an additional twenty percent (20%) and the security interest shall be released in respect of the number of Class “A” Shares representing twenty percent (20%) of the Class “A” Shares.

(iii)         Upon payment of the fifth instalment agreed in Article Four Point 4.2, Item (v) and, consequently, upon payment of the full price, the full security interest on all Class “A” Shares hall be released. To this effect, it shall be understood that the price has been paid in full when the price adjustments mentioned in Article Five and the final settlement of the Escrow Account are performed so that any balance that may exist in such Escrow Account in favour of the Sellers is refunded to them.

In order to generate the consequences envisaged in this Point 9.5, it shall suffice that both parties execute certificates evidencing the payment of the respective instalments of the purchase price Said certificates shall be subsequently entered in the Share Register of Company B, as well as in the pertinent entry of the Registry of Security Interests. The reduction in the security interest value shall imply that the political and economic rights corresponding to such shares shall revert to the Purchaser and may be exercised by the Purchaser.

Both parties may agree to replace the security interest for any other collateral or personal guarantee to the satisfaction of the Sellers’ interests. Nevertheless, it is hereby expressly placed on record that this replacement may only be made with the express written consent of the Sellers.

9.6                            As set forth in Point 11.1 of Article Eleven of the Stock Purchase Agreement, the Purchaser may not transfer the Class “A” Shares or the Class “B” Shares until the price referred to in Article Four has been fully

18



paid-up or as long as the term of ten (10) years counted as from the execution of this Stock Purchase Agreement is in full force and effect, whichever occurs first”.

3.8                            The Parties hereby agree to delete Exhibit C to the Stock Purchase Agreement.

3.9                            The Parties hereby agree to insert the appendix attached hereto as Appendix E to the Stock Purchase Agreement.

FOUR:                                                 Amendments to the Option Agreement (Exhibit E to the Master Agreement)

4.1                             The Parties hereby agree to the following:

(A)

 

Amend Point 5.5 of the Option Agreement.

(B)

 

Add a second paragraph to Point 6.1 of the Option Agreement.

(C)

 

Amend Point 10.1 of the Option Agreement.

(D)

 

Delete Exhibit C to the Option Agreement.

(E)

 

Add Appendices E, E-1 and F to the Option Agreement.

 

4.2                             The Parties hereby agree to amend the entire Point 5.5 of the Option Agreement, which shall read as follows:

“5.5                       Within a period of ten (10) days following notification of the communication whereby MPC states its intention to exercise the Option as provided for in Point 4.1 of this Option Agreement, Duvaz and MPC must notify the partners of Duvaz in the Limited Liability Mining Companies contained in Points 5.2, 5.3 and 5.4 above, of their intention to transfer the share interests of Duvaz in said companies, so that said partners may notify Duvaz of their intention to exercise or not their right of first refusal. With regard to the joint ownership mentioned in the foregoing Point 5.1, and within a period of ten (10) days following the transfer of said asset, as a result of the exercise of the option contemplated in this Option Agreement, Duvaz and MPC must notify the co-owners of the transfer of their aliquots. The texts evidencing the said communications and notices must be in line with the texts attached hereto as Appendices D, E and E-1.

Should Duvaz fail to notify MPC, within a term of thirty (30) days following reception thereof, of the replies provided by any of its partners or co-owners with regard to their desire to exercise their right of first refusal or revocation, (A) MPC shall be entitled to discount from the obligations contained in Exhibit F to the Master Agreement, as a penalty, twice the value of the above-mentioned Properties in respect of which MPC may have failed to notify MPC of the reply of its co-owners, or, in the event that there are no amounts from which said discount might be carried out, (B) Duvaz shall be obliged to pay for the difference until completing the full amount of the above-referred discount within a period

19



of ninety (90) days following the date on which Duvaz was requited to comply with said payment by MPC.

If (A) Duvaz and the Agents have failed to obtain the authorizations required to formalize the transfer of the Assets listed in Points 5.2 to 5.4 hereof; and/or, (B) if, after the transfer of the Asset detailed in the preceding Point 5.1, the co-owners of Duvaz exercise their right of revocation, MPC shall be entitled to discount from the obligations pending payment outlined in Exhibit F to the Master Agreement, an amount equivalent to the value of the above-mentioned Assets that are not transferred to MPC (in accordance with the values established hereinbelow), or if there are no amounts from which to make the discount, Duvaz shall be obliged to pay the difference until completing the total amount of said discount. Such reimbursement shall be carried out within a term not to exceed ninety (90) days after the exercise of the right of first refusal or revocation by the members or co-owners.

Without prejudice to the foregoing, the referred discount shall be made from the first payment that must be effected according to Exhibit F to the Master Agreement, after receiving the communication of the members of the legal companies exercising their rights of first refusal or the communication of the co-owners exercising their right of revocation. If the first payment is not sufficient for covering the referred discount, it shall be made from the following payments until completing the amount of the discount or otherwise, Duvaz shall be obliged to pay MPC the difference until completing the total amount of said discount.

In other words, and by way of example, if it is not possible to transfer the share interests of Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo, MPC shall be exempted form making the payment of the instalment(s) established in Exhibit F to the Master Agreement until completing the amount of the said discount established for such Asset, or otherwise, Duvaz shall be obliged to pay MPC the difference until completing the total amount of said discount.

It is hereby understood that, in the case of the mining concession “Calabaza”, which is subject to the co-ownership system; and therefore, as its co-owners have rights of revocation regarding the transfer of aliquots, MPC shall be authorized to carry out the above-mentioned discount (and/or Duvaz shall be obliged to pay MPC an amount equivalent to the value of such ideal shares) to the extent that any of the co-owners has exercised its rights of revocation, regardless of the time in which the action for revocation is notified and provided that such action has been filed within the term established for the exercise of the right of revocation set forth in the Civil Code.

It is hereby understood between the parties that the eventual failure by the person who exercises the right of revocation or the right of first

20



refusal to comply with the obligations assumed before Duvaz or the Agents shall not confer any right of claim against MPC, whose obligation shall be reduced by the amount corresponding to each Asset in respect of which the rights of first refusal or revocation have been exercised. Therefore, the obligation to pay the instalments outlined in Exhibit F to the Master Agreement, subject matter of said discount shall be extinguished without prejudice to the provisions of the following paragraph.

Without prejudice to the foregoing, it is also understood that in case of non-compliance by those who have exercised the rights of first refusal or revocation with the obligations assumed before Duvaz due to such exercise, and if said non-compliance results in: (i) the termination of the transfer agreement of the share Interests and the registration of such termination in the filing entries corresponding to the pertinent mining companies and/or concessions; or (ii) an agreement reached between Duvaz and the members or co-owners whereby the exercise of the rights of first refusal or revocation is rendered ineffective: MPC shall acquire the Assets subject matter of such termination assuming in such case the payment of the price pending payment, provided that the amount that has already been paid does not have to be reimbursed by Duvaz. In such a case, the payment of the price shall be made by applying it to the payments detailed in Exhibit F to the Master Agreement which have been made by MPC up to a value equivalent to the transferred Asset.

For purposes of calculating the price and the obligation of DUVAZ referred to in the second paragraph of this Point 5.5, the value of the Assets detailed in Points 5.1 to 5.4 shall be as follows:

a)                                 For the mining concession “Calabaza”, the value agreed by the parties to be assigned to 33.33% of it amounts to US$945,400 (Nine Hundred Forty-Five Thousand Four Hundred US Dollars).

b)                                For the share interests of Sociedad Minera de Responsabilidad Limitada “Grancero de Huancayo”, held by Duvaz (company holder of the mining concessions “Grancero” and “Lola”), the value agreed to be assigned by the parties is US$1,988,600 (One Million Nine Hundred Eighty-Eight Thousand Six Hundred US Dollars).

c)                                 For the mining concession “Pobre Diablo”, the value agreed by the parties to be assigned to 20% of it is US$326,000 (Three Hundred Twenty-Six Thousand US Dollars).

4.2          The parties agree to add a second paragraph to Point 6.1 of the Option Agreement, which shall read as follows:

21



 

 

“In order to avoid any doubts, the payments made by MPC to the creditors listed in Exhibit F to the Master Agreement shall be applied as detailed below: (a) US$4,160,000 (Four Million One Hundred Sixty Thousand US Dollars) shall be the consideration to be paid for the transfer of the Properties listed in Sub-point 2.2.2 of this Master Agreement; (b) US$3,260,000 (Three Million Two Hundred Sixty Thousand US Dollars) shall be the consideration to be paid for the transfer of the Assets listed in Points 5.1 and 5.4; and (c) the remaining amount shall be the consideration to be paid for the execution of the Option Agreement (which shall be subsequently applied to the price of the transfer of the Assets listed in Appendix A, should the Option be exercised).”

 

 

 

4.3

 

The parties agree to amend Point 10.1 of the Option Agreement to read as follows:

 

 

 

 

 

“10.1

The parties agree that, in the event that MPC notifies DUVAZ of its intention to exercise the Option, the duty of MPC to pay off the obligations detailed in the Schedule of Disbursements attached to the Master Agreement as Exhibit F (and which also forms an integral part of the Master Agreement as Exhibit F) shall be applied to the compensation for the execution of the Transfer Agreement except for the payments corresponding to the first six (6) months of the aforesaid Schedule, which shall be considered as payment for the price of the share interests and aliquots of the mining concessions established in Sub-points 2.2.2(i) to 2.2.2(iii), as well as the mining concession “Pilar” indicated in Sub-point 2.2.2(iv) of the Master Agreement, purchased by Company B. It is hereby understood between the parties that MPC shall not be bound to pay off the obligations mentioned in Exhibit F to the Master Agreement up to the value assigned to the Assets outlined in Points 5.1 to 5.4 of this Option Agreement, if the members of the limited liability mining companies holders of the concessions or their co-owners exercise their right of first refusal or right of revocation and these Assets are not transferred to MPC. Likewise, MPC shall pay DUVAZ, as consideration for the execution of the Transfer Agreement, a royalty on the production extracted from such Assets, under the terms and conditions set forth in the Royalty Agreement to be entered into by and between both parties for that purpose, a sample of which is contained in Exhibit H to the Master Agreement.”

 

 

 

 

4.4

 

The Parties agree to delete Appendix C to the Option Agreement.

 

 

 

4.5

 

The Parties agree to add the appendices to this Addendum to the Option Agreement as Appendices D, E and E-1.

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FIVE: References

5.1

 

The Parties expressly agree that any reference, mention or allusion to the term “pledge” in the Master Agreement, as well as in all Its Exhibits and Appendices thereto (e.g. in the Stock Purchase Agreement or the Option Agreement), must be understood as a reference, mention or allusion to the term “security interest”, regulated by the Security Interest Act, Act 28677.

 

 

 

5.2

 

The Parties expressly agree that any reference, mention or allusion to Company B in the Master Agreement, as well as in all its Exhibits and Appendices thereto (e.g. in the Stock Purchase Agreement or the Option Agreement), must be understood as a reference, mention or allusion to Sociedad Minera Centenario S.A.C.

 

SIX: Term of the Addendum

The amendments to the Master Agreement and the Exhibits thereto indicated in Articles Two, Three and Four of this Addendum shall come into force at the time this Addendum is executed by the Parties and ratified by the Shareholders’ Meeting of DUVAZ with the favourable vote of at least fifty percent (50%) of the voting shares. Said Shareholders’ Meeting must be held within a term not to exceed thirty (30) days following execution of this Addendum. MPC shall be entitled to retain payment of the instalment for US$1,000,000 (One Million US Dollars), stipulated in Point 4.2(iii) of the Stock Purchase Agreement, and to suspend the following payments derived from the Stock Purchase Agreement and the payments contemplated in Exhibit F, until the date when it is demonstrated that DUVAZ has actually held a Shareholders’ Meeting to ratify the terms of this Addendum, as set forth in this paragraph.

In order to avoid any doubts, it is placed on record that, as from the execution hereof, the provisions of the Master Agreement which are amended hereunder shall cease to be in effect and, consequently, the Parties shall not be bound to comply with them.

SEVEN: Validity of the terms and conditions set forth In the Master Agreement

The Parties expressly place on record that the terms and conditions of the Master Agreement which have not been amended hereunder shall remain in full force and effect and, consequently, the Parties are bound to comply with them.

Executed in two counterparts in Lima this 13th day of October 2006

MPC

DUVAZ

 

 

 

 

 

 

(two illegible signatures)

(two illegible signatures)

 

 

 

 

 

 

Representatives: Charles Graham

Representatives:

Jaime

Rodríguez

 

 

 

Preble and H. Eric Peitz

Mariátegui

Proaño

and

Gonzalo

 

Rodríguez Mariátegui Canny

 

 

 

 

23



(illegible signature)

 

(illegible signature)

Luis Rodríguez Mariátegui Canny

 

Jaime Rodríguez Mariátegui Proaño

For: Luis Rodríguez Mariátegui Proaño

 

 

 

 

 

(illegible signature)

 

(illegible signature)

Luis Rodríguez Mariátegui Canny

 

Gladys Maria Blume Mazzini

For: Maria Josefa Canny Castro

 

 

 

 

 

(illegible signature)

 

(illegible signature)

Luis Rodríguez Mariátegui Canny

 

Jaime Rodríguez Mariátegui Blume

 

 

 

(illegible signature)

 

 

Melissa Gabriela Patroni Dedekind

 

 

 

 

 

AUTHENTICATION OF SIGNATURE ON THE REVERSE SIDE HEREOF

 

 

 

Ricardo Fernandini Barreda
Notary Public in and for Lima

 

 

 

RICARDO FERNANDINI BARREDA

ATTORNEY-AT-LAW AND NOTARY PUBLIC IN AND FOR LIMA

I DO HEREBY CERTIFY THAT the foregoing signatures are the true, proper, and respective handwriting of:

·       Jaime RODRÍGUEZ MARIÁTEGUI PROAÑO, identified by National Identity Card (DNI) 09154499 and Gonzalo RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 09877652, acting on behalf of Sociedad Minera Austria Duvaz S.A.C., as per powers of attorney registered in Entry 11392644 of the Registry of Companies in and for Lima and El Callao and specifically in the minutes of the Shareholders’ Meeting held by Sociedad Minera Austria Duvaz S.A.C. on March 14, 2006; the first one also acting on his own behalf.

·      Luis Martin RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881, acting on behalf of Luis RODRÍGUEZ MARlÁTEGUI PROAÑO and María Josefa CANNY CASTRO, as per power of attorney registered in Electronic Entry 11035745 of the Registry of Mandates and Powers of the Registry of Individuals in and for Lima and El Callao who also signs on his own behalf.

·      Jaime RODRÍGUEZ MARIÁTEGUI PROAÑO, identified by National Identity Card (DNI) 09154499.

·      Jaime RODRÍGUEZ MARIÁTEGUI BLUME, identified by National Identity Card (DNI) 09389280.

·      Luis Martin RODRÍGUEZ MARlÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881.

24



 

·

 

Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967 and H. Eric PEITZ, identified by Alien ID Card (CE) 000190392, acting on behalf of Minera Periú Copper S.A., as per powers of attorney registered in Entry 11532703 of the Registry of Companies in and for Lima and El Callao

·

 

Gladys Maria BLUME MANZINI, identified by National Identity Card (DNI) 08802895.

·

 

Melissa Gabriela PATRONI DEDEKIND, identified by National ldentity Card (DNI) 10308801.

 

To all of which I attest in the city of Lima on October 13, 2006.

(signed)

 

Ricardo Fernandini Barreda

 

 

Attorney-at-Law and Notary Public in and for Lima

 

Seal of the Notaries Association in and for Lima

25



LIST OF NEW EXHIBITS AND APPENDIXES

1.             NEW EXHIBITS TO THE MASTER AGREEMENT:

Exhibit F:

 

Schedule of Disbursements

Exhibit O:

 

Communication Form for the transfer of Interests in the concessions detailed in Point 2.2(a)(i) (“Juanita”).

Exhibit O-1:

 

Communication Form for the transfer of interests in the concessions detailed in Points 3.1(a1)(ii), 3.1(a1)(iii) and 3.1 (a1)(iv) (“Grancero”, “Lola” and “Pobre Diablo”).

Exhibit P:

 

Communication Form for the transfer of aliquots to be applied to the co-owners of the concessions detailed in Points 2.2(a)(ii) and 2.2(a)(iii) (“La Demócrata” and “Maria Celina”).

Exhibit P-1:

 

Communication Form for the transfer of aliquots to be applied to the co-owners of the concession detailed in Point 3.1(a1)(i) (“Calabaza”).

Exhibit P-2:

 

Form of the notice for exercising the right of revocation applicable to the co-owners of the concessions detailed in Points 2.2(a)(ii) and 2.2(a)(iii) (“La Demŏcrata” and “Maria Celina”).

Exhibit P-3:

 

Form of the notice for exercising the right of revocation applicable to the co-owners of the concession detailed in Point 3.1(a1)(i) (“Calabaza”).

Exhibit Q:

 

Form of the agreement for the transfer of share interests in S.M.R.L. Juanita de Huancayo.

Exhibit R:

 

Form of the agreement for the transfer of aliquots of concessions “La Demócrata” and “Maria Celina”.

Exhibit S:

 

Form of the transfer agreement of concession “Pilar”.

Exhibit T:

 

List of the participants of the co-ownership succession of concessions detailed in Points 2.2(a)(ii) and 2.2(a)(iii) (“La Demócrata” and “Maria Celina”).

 

 

 

2.   NEW APPENDICES TO THE PURCHASE AGREEMENT:

 

Appendix E:

 

Form of the Escrow Account Agreement

 

 

 

3.  NEW APPENDICES TO THE OPTION AGREEMENT:

 

Appendix D:

 

Communication Form for the transfer of interests in the concessions detailed in Points 5.2 to 5.4 (“Grancero”, “Lola” and “Pobre Diablo”).

Appendix E:

 

Communication Form for the transfer of aliquots to the co-owners of the concession detailed in Point 5.1 (“Calabaza”)

Appendix E-1:

 

Form of the notice for exercising the right of revocation to be applied to the co-owners of the concession detailed in Point 5.1 (“Calabaza”)

 

26



EXHIBIT F TO THE MASTER AGREEMENT

 

 

US$

 

Financial debts

 

2,770,635

 

CTS

 

3,073,669

 

Trade accounts payable

 

 

 

3.1 Suppliers

 

1,231,319

 

3.2 Accruals

 

829,250

 

3.2 Payroll payables

 

150,143

 

3.4 Others

 

499,911

 

 

 

2,710,622

 

Tax liabilities

 

3,153,955

 

Third-party debts

 

621,943

 

Other debts

 

750,000

 

Total (a)

 

 

13,080,824

 

 

SCHEDULE OF DISBURSEMENTS

 

AÑO

 

US$

 

 

 

 

 

 

1

 

 

4,496,914

 

2

 

 

3,162,917

 

3

 

 

2,268,312

 

4

 

 

1,114,891

 

5

 

 

2,037,790

 

TOTAL

 

 

13,080,824

 

 

27



1. Financial Debts

 

 

US$

 

COFIDE 1

 

1,401,670

 

COFIDE 2

 

1,297,667

 

COFIDE 3

 

48,818

 

COFIDE 4

 

22,480

 

 

 

2,770,635

 

28



2. SEVERANCE PAY

 

 

US$

 

Employees Lima

 

 

 

Armuto Huahuamullo Catalina

 

1,354

 

Benites Vasquez Emma Patricia

 

14,350

 

Bravo Sandoval Rocio

 

1,950

 

Bruno Ibarra Pedro Amadeo

 

5,279

 

Cardenas Castillo Samuel

 

220

 

Chavez Mauricio Amanda Casilda

 

456

 

Enriquez Florian Marco

 

2,775

 

Espejo Jimenez Armando

 

59,244

 

Espinal Huamani Amador

 

289

 

Flores Farfan Gladis

 

12:596

-

Fuerte Briceño Caňos Alfonso

 

410

 

Gudiel Ramirez Keniye

 

2,232

 

Leiva Paredes Alex

 

11,571

 

Liendo Gutierrez Samuel

 

9,365

 

Mayta Fabian Romulo

 

8,426

 

Medina Salas Severo Jorge

 

3,119

 

Mendoza Contreras Carlos

 

122

 

Mimbela Camero Pablo

 

2,443

 

Moreno Moreno Irma

 

1,189

 

Muñoz Carrasco Jaime

 

73,211

 

Namot Castillo Luciano

 

13,574

 

Neyra Valverde Juan

 

100

 

Olazabal Tellez Rafael

 

141

 

Ortiz Camarena Satumino

 

4,161

 

Oswaldo Quispe Rua

 

3,090

 

Paz Manrique Nelida

 

33,424

 

Perez Enriquez Edward Wilfredo

 

257

 

Pilco Galoc Ramiro

 

32,796

 

Puclias Barreto Rosa Luz

 

69

 

Ramirez Florencio Raymundo

 

504

 

Rebata Dávalos Maria

 

13,446

 

Santillan Castro Elita Luz

 

122

 

Serrano Rodriguez Delfin Jesus

 

1,625

 

Silva Palva Carlos Alberto

 

2,496

 

Soto Malpica Walter

 

2,511

 

Velazco Matos Ivan

 

3,018

 

Villaizan Palomino Aracely

 

132

 

Vizcarra Fernandez Victor

 

15,229

 

Zamudlo Gutierrez Pedro

 

8,401

 

Zevallos Rupay Beatriz

 

10,723

 

Total Employees

 

356,420

 

 

29



 

Workers

 

 

 

Aguilar Quispe, Leonidas

 

13,698

 

Aguilar Turpo, Mario Leonidas

 

425

 

Alanya Asto, Custodio

 

10,347

 

Alanya Asto, Eloy Belealdo

 

896

 

Alcantara ChuquIllanqui, Moises

 

678

 

Alderete Condor, Eloy

 

210

 

Alderete Espinoza, Jose Pele

 

10,676

 

Alfonso Bendezu, Basilio

 

9,463

 

Alfonso Garcia, Bernardino

 

16,656

 

Aliaga Huarnan, Humberto

 

9,979

 

Aliaga Huaynalaya, Domingo

 

14,142

 

Antonio Alanya, Macarlo

 

15,907

 

Antonio Huarcaya.Gregorio

 

11,389

 

Arias Antara, Edilio

 

12,114

 

Arisaca Quispe, Félix

 

16,849

 

Artica Calero, Edy Luis

 

678

 

Arzapalo Ore, Daniel

 

134

 

Asto Duran, Guillermo

 

15,127

 

Asto Mendoza, Justodio

 

10,618

 

Atachahua Ursua, Elvis Antonio

 

678

 

Baldoceda Ubaldo, Cesar Juan

 

802

 

Baldoceda Ubaldo, Miguel Angel

 

10,999

 

Barja Laureano, Ismael

 

353

 

Barja Ponce, Eleazar

 

11,240

 

Barja Ponce, Lider

 

9,220

 

Barzola Oropesa, Filólogo

 

14,608

 

Batalla Castillo, Luis Alberto

 

580

 

Bazan Rodriguez, Wiliam

 

103

 

Bello Ayllon, Rufilio

 

9,188

 

Benancio Santos, Dionicio

 

112

 

Berrospi Hurtado, Litto Robert

 

129

 

Blas Velasquez, Juan

 

15,649

 

Bonifacio Cerron, Modesto

 

14,346

 

Bravo Evangelista, Nemesio

 

9,856

 

Cahuapaza Flores, Nicolas

 

15,585

 

Cajahuanca Rupay, Marcial Juan

 

313

 

Calcina Pacha, Epifanio Pelayo

 

93

 

Calixto Santos, Santiago

 

17,022

 

Canales Quispe, Teodoro

 

233

 

Cancapa Lluicho, William Godofredo

 

313

 

Canchaya Baldeon, Crisologo

 

14,519

 

Cardenas Huaynate, Juan Olver

 

9,880

 

Cardenas Huaynate, Roberto

 

16,307

 

Cardenas Quintana, Weber

 

10,609

 

Carhuaricra Lianos, Félix

 

15,226

 

Carhuaricra Quispe, Ramón

 

9,687

 

Carlos Reyna, Antioco

 

20,931

 

 

30



 

Casas Davila, Máximo

 

12,916

 

Casas Espinoza, Leoncio Ellas

 

751

 

Castañeda Melendez, Edgar Aquiles

 

90

 

Castro Chulan, Hugo

 

902

 

Ccente Acuña, Rigoberto

 

11,407

 

Ccente Garcia, Fortunato

 

8,310

 

Chamorro Mosquera, Fernando

 

8,965

 

Champi Huampa, Juan Jose

 

339

 

Chavez Cardoso, Pablo Jacinto

 

15,272

 

Coronel Juarez, Carlos Antonio

 

224

 

Cosi Ventura, Zenon

 

11,177

 

Crispin Sedano, Juan Alejandro

 

70

 

Cuadrado De La Cruz, Jacinto

 

10,026

 

Cuicapuza Nahuinripa, Carlos

 

164

 

Damian De La Cruz, Mesias

 

93

 

Davila Basurto.Severo

 

11,676

 

Davila Gomez, Hever Sabel

 

13,350

 

Davila Huaman, Plinio

 

10,315

 

Davila Quinto, Cesar Francisco

 

218

 

De La Cruz Palacios, Hever

 

10,380

 

De La Cruz Quispe, Juán

 

16,517

 

Delgadillo Cajahuanca, Mario

 

11,472

 

Enriquez Perez, Cirilo

 

14,503

 

Espinoza Bendezu, Aurelio

 

17,237

 

Espinoza De La Cruz, Vicente

 

14,492

 

Espinoza Soto, Miro

 

16,195

 

Esquivel Villavicencios, Felix

 

940

 

Esteban Yngaruca, Florentino

 

12,237

 

Evazeto Condor, Rodolfo

 

9,186

 

Fabian Ninahuanca,Andres

 

8,691

 

Floras Rojas, Luis

 

9,438

 

Fura Chura, Juan Carlos

 

678

 

Gago Pariona, Percy

 

123

 

Gallardo Limaylla, Wile Hector

 

794

 

Gallardo Mayta, Junior Michel

 

59

 

Garcia Pariona, Saturnino

 

12,678

 

Gaspar Chavez, Baloy

 

10,719

 

Gaspar Ponce, Segundo

 

19,089

 

Gonzales Benito, Reymundo

 

11,541

 

Gonzales Garcia, Luis

 

15,646

 

Gonzales Valer, Jose

 

10,482

 

Huahuacondori Lampa, Laureano

 

10,187

 

Huaman Cajahuanca, David Jesus

 

668

 

Huaman Coca, Severo

 

10,505

 

Huaman Vargas, Ronald Nery

 

79

 

Huaman Vilchez, Florentino

 

10,697

 

Huamani Rodrigo, Fredy Angel

 

23

 

Huamani Tuncar, Crispin

 

12,788

 

 

31



 

Huancapcha Cristobal, Teodoro

 

10,537

 

Huayta Gaspar, Pedro

 

13,077

 

Huayta Meza, Eddy Roger

 

805

 

Huerta Cierto, Cesar

 

859

 

Huerta Cierto, Pablo Isaac

 

82

 

Huerta Cierto, Teodosio

 

13,077

 

Inga Orosco, Ever

 

14,685

 

Inga Santos, Fabian

 

11,871

 

Ingaruca Rojas, Marciano

 

9,999

 

Izarra Ochoa, Rubèn Teologo

 

14,299

 

Izquierdo Leon, Bartolome

 

11,068

 

Izquierdo Leon, Jesús

 

11,414

 

Javier Yalico, Serapio

 

9,257

 

Lanco Soto, Prospero

 

16,211

 

Laura Lampa. Alejandro

 

19,354

 

Laura Muñoz, Victor

 

313

 

Leon Astuvilca, Jaime

 

10,732

 

Leon Chuquillanqui, Esteban

 

12,851

 

Leon Jurado, Edwin Roberto

 

164

 

Leonardo Machaca, Simón

 

15,421

 

Llanco Pacheco, Edson Percy

 

940

 

Lopez Coser, Teobaldo Albino

 

13,812

 

Machacuay Chuco, Cornelio

 

9,202

 

Machacuay Ponce, Alejandro

 

11,532

 

Malima Briceño, José

 

11,252

 

Malima Morales, Rodolfo Hever

 

9,476

 

Malpica Cuadros, Jesus

 

14,679

 

Manrique Piñlas, Cesar Jose

 

193

 

Marcelo Toribio, Adolfo

 

12,390

 

Martinez Garay, Jesús Marcelino

 

11,137

 

Meza Cabanillas, David Aurelio

 

902

 

Meza Chuco, Feliciano

 

16,728

 

Meza Pomalaza, Wilfredo Carlos

 

761

 

Millan Figueroa, Elmer

 

11,549

 

Montero Artica, Rodolfo Hllarlo

 

90

 

Mucha Aliaga, Gregorio

 

10,445

 

Mucha Carhuancho, Marcelo

 

12,169

 

Mucha Gomez, Luis Alex

 

322

 

Muña Canapa, Remigio

 

9,103

 

Nieva Navarro, Jaime

 

14,989

 

Ordoñez Gangali, José

 

10,684

 

Orellana Mendoza, Carlos

 

307

 

Orosco Yantas, Sebastian

 

9,718

 

Ortiz Rodriguez, Jose Luis

 

902

 

Osores Davila, Feliciano

 

12,226

 

Osores Gomez, Idelfonso Raúl

 

12,496

 

Pablo Luis, Moisés

 

12,322

 

Paez Manrique, Teodosio

 

13,005

 

 

32



 

Panez Condor, Hugo Oscar

 

10,670

 

Papuico Salome, Hercilio

 

17,916

 

Pardo Basilio, Nestor

 

157

 

Pariona Acuña, Hemógenes

 

15,328

 

Pariona Hinostroza, Freddy

 

10,244

 

Pariona Montes, Gregorio

 

19,201

 

Pariona Sachahuaman, Juan Edson Roger

 

179

 

Pariona Torres, Leandro

 

10,423

 

Peña Reyes, Valerio

 

70

 

Perez Barrera, Patricio

 

14,825

 

Perez Rojas, Jorge Luis

 

117

 

Poma Cajahuanca, Pedro Pablo

 

326

 

Poma Santiago, Ernesto Ricardo

 

629

 

Pomahuali Mangualaya, Jose Antonio

 

350

 

Pomasunco Arzapaloi, Oscar

 

14,076

 

Ponce Gaspar, Eleodoro

 

14,908

 

Ponce Herquinio, Rolando

 

11,738

 

Quincho Burgos, Juliom Faustino

 

11,029

 

Quinto Toralva, Jesus Benedicto

 

979

 

Quinto Trinidad, Josué Abel

 

177

 

Quispe Cardenas, León

 

14,894

 

Quispe Clemente, Felipe

 

11,734

 

Quispe Clemente, Paulino

 

15,145

 

Quispe Huarcaya, Libito

 

16,635

 

Quispe Maldonado, Aslsclo

 

16,069

 

Quispe Moran, Mauro

 

14.440

 

Quispe Parisaca, Fabian

 

18,156

 

Ramirez Flores, Edgar

 

932

 

Ramos Huaman, Sixto

 

15,432

 

Raymundo Canchuricra, Francisco

 

11,764

 

Reina Carlos, Saúl Ames

 

15,759

 

Reina Terreros, Rolando Ulisis

 

10,328

 

Reyes Jimenes, Eugenio

 

896

 

Rimari Condor, Cesar

 

23

 

Rodríguez Cesar, Eleodoro Ludilto

 

150

 

Rodríguez Machuca, Aurelio Martin

 

521

 

Rojas Flores, Félix

 

10,773

 

Rojas Huamani, Jose

 

112

 

Rojas Mauricio, Longino

 

16,235

 

Rojas Quispe, Rodolfo

 

11,799

 

Rojas Quispe, Segundino

 

313

 

Rojas Rivas, Alfredo

 

14,469

 

Rojas Rivera, Samuel

 

859

 

Rojas Sanchez, Mateo

 

301

 

Romero Hurtado, Luis Antonio

 

10,470

 

Romero Rivas, Rodolfo

 

9,439

 

Romero Torres, Esteban

 

339

 

Salcedo Chahua, Herminio

 

802

 

 

33



Samaniego Solorzano, Rolando

 

70

 

Sánchez Borja, Silverio

 

13,239

 

Sánchez Del Cuadro, Fidencio

 

226

 

Sancho Zavala, Hipólito

 

10,606

 

Santiváñez Huanuco, José

 

9,706

 

Santos Nieto, Rufina

 

202

 

Santos Tarazona, Edmundo

 

11,587

 

Sinche Gomez, Demetrlo

 

8,489

 

Taipe Pariona, Eloy

 

12,369

 

Ticse Reyna, Pedro

 

10,936

 

Tito Crlspin, Villareal Marino

 

186

 

Tolentino Orosco, Gabriel

 

16,880

 

Toribio Taipe, Francisco

 

14,442

 

Torres Castro, Juan Ricardo

 

1,095

 

Torres Morales, Ramon

 

13,405

 

Torres Rosales, Anibal Eloy

 

676

 

Turpo Calcina, Santos

 

11,635

 

Turpo Condori, Abrahan Moises

 

67

 

Urbina Ramos, Demetrio

 

11,371

 

Ureta Gamarra, Juan

 

15,402

 

Valentin Cuba, Pedro Leon

 

902

 

Valentin Villanueva, Rosendo

 

16,097

 

Valentino Valer, Cesar Daniel

 

90

 

Vargas Gonzales, Manuel

 

896

 

Vasquez Coca, Mauro Pablo

 

16,140

 

Vasquez Maravl, César Oscar

 

11,663

 

Velasquez Mayta, Norberto

 

18,316

 

Vila Espinoza, Joel Jans

 

314

 

Vilca Flores, Ruben

 

559

 

Vilca Puma, Arnaldo

 

902

 

Yantas Orosco, Alberto

 

14,304

 

Yaro Hinostroza, Carlos

 

678

 

Yauri Morales, Tito

 

10,401

 

Yupanqui Barrios, Aldo Abel

 

550

 

Yupanqui Gave, Rubén Jorge

 

11,833

 

Yupanqui Ñaupari, Paúl

 

12,278

 

Zacarlas Chavez, Aquiles

 

11,255

 

Zamudio Meza, Lucio Alexander

 

193

 

Zevallos Rupay, Adelfo

 

12,089

 

Total Workers

 

1,916,505

 

 

 

 

 

Farmer Employees

 

 

 

Gallano Laimito Felix Augusto

 

107,179

 

Rodriguez Mariategui Proaño Jaime

 

61,845

 

Flores Dietz Jorge Victor

 

15,192

 

Ramos Moreno Femado Cesar

 

11,340

 

Carranza Paredes Ana Maria

 

2,816

 

Barria Fuentes Luis Asael

 

1,524

 

34



 

Lam Bohorquez, Lilia Carmen

 

1,338

 

Glave Revilla Walter Mario

 

434

 

Rodriguez Mariategui Blume Juan Pedro

 

431

 

Zegarra Rios Alejandro

 

345

 

Rodriguez Mariategui Blume Jaime

 

220

 

Ampuero Recabarren Guillermo Robert

 

430

 

Apaza Sucari Julio Cesar

 

1,366

 

Avila Inga Luis Tito

 

179

 

Calixto Mauricio Ruben

 

56

 

Castillo Huaman Herckener

 

75

 

Cayo Condori Pedro

 

619

 

Chlcata Flores Veronica Elizabeth

 

184

 

Contreras Turin Jesus Efrain

 

3,934

 

Egoavil Albinagorta Urbano Teodoro

 

332

 

Escobar Bocangel Herbert

 

527

 

Gaona Puertas Hernan

 

12,460

 

Gomez Huaynates Francisco

 

127

 

Gutarra Canchaya Maribel

 

592

 

Heraclio F Chumpitaz Saldana

 

900

 

Herrera Durand Carlos Roberto

 

72

 

Leonardo Delzo Jorge Alberto

 

131

 

Loayza Egoavil Maria Elena

 

244

 

Martinez Chavez Lazaro

 

15,976

 

Martinez Lopez Luis

 

108

 

Moreno Moreno Yrma Yolanda

 

8,535

 

Nieves Rosales Maximo Oswaldo

 

881

 

Ninalaya Meza Raul Ignacio

 

384

 

Olazabal Trelles Froilan

 

1,227

 

Ortiz Camarena Satumino

 

3,320

 

Rondan Mena Marcos Esteban

 

280

 

Ruiz Soldevilla Edgar

 

432

 

Soto Malpica Walter Alberto

 

1,717

 

Trinidad Bonifacio Dario Cripin

 

257

 

Valderrama Saavedra Virgilio

 

3,554

 

Valentin Villanueva Severo

 

624

 

Valle Melendez Anibal

 

258

 

Velarde Chavez Jose Manuel

 

252

 

Vivas Curi Benjamin

 

482

 

Vizcarra Fernandez Victor Teodoro

 

43,541

 

Total Former Employees

 

304,720

 

 

 

 

 

Former Workers

 

 

 

Aburto Aburto Jose Natividad

 

126

 

Alanya Gonzales Nemesio

 

14,336

 

Aliaga Huaynalaya Regulo

 

563

 

Anco Condor Alejandro

 

14,302

 

Anco Condor Pantaleon

 

283

 

Antonio Asto Aureliano

 

5,721

 

 

35



 

Apolinario Nuñez Santos

 

10,946

 

Arana Cahuana Leoncio

 

12,587

 

Asto Antonio Alejandro

 

5,222

 

Atachahua Ascanoa Manuel

 

8,778

 

Barja Salome Facundo

 

276

 

Barzola Perez Romulo

 

2,285

 

Barzola Zapata Gregorio

 

10,064

 

Benancio Jaimes Timoteo Simeon

 

139

 

Bernachea Hilario Justo

 

169

 

Bias Huanca Hector

 

311

 

Bias Mercado Jose

 

595

 

Bonifacio De La Cruz Godofredo

 

250

 

Bravo Andrade, Gregorio

 

358

 

Bruno Ibarra Wiliam

 

243

 

Camayo Lapa Eulalio

 

5,739

 

Campos Aliaga Eusebio

 

6,234

 

Camposano Gomez Arturo Cesar

 

13,378

 

Capcha Puris Esteban

 

362

 

Carhuaz Casas Raul

 

4,118

 

Caro Salazar Denis

 

241

 

Castro Aguilar Hugo

 

8,098

 

Ccancce Moscoso Jesus Elias

 

166

 

Celestino Huaman Fausto

 

330

 

Cerron Leon Hipólito

 

5,094

 

Cerron Palacios Vides

 

10,302

 

Chuquivilca Jiménez Guzman

 

6,313

 

Coila Melendez Afrain

 

225

 

Condor Gaspar Fidel

 

1,810

 

Condori Jacho Benigno

 

7,210

 

Cotera Casas Ruben

 

864

 

Cuadrado Manrique Leo Toni

 

138

 

Damian De La Cruz David

 

381

 

Danilo llares Baquerizo

 

340

 

Davila Quispe Mamerto

 

9,368

 

De La Cruz Gomez Raul

 

446

 

Echevarria Castro Elvert Ciro

 

682

 

Eden Laura Torpoco

 

208

 

Escalera Huaringa Felidonio G.

 

10,859

 

Esquivel Villavicencio Felix

 

753

 

Garcia Balvin Lucio Aureo

 

10,132

 

Garcia Sinche Efrain

 

295

 

Gaspar Paez Valeriano

 

218

 

Gonzales De La Cruz Juan Carlos

 

384

 

Gonzales Hinostroza Epifanio Donato

 

9,392

 

Gonzales Hinostroza Maximo Alfredo

 

10,386

 

Hinostroza Avellaneda Clever Hector

 

252

 

Huaman Orue Cipriano

 

5,494

 

Huaman Romero Damaso

 

1,360

 

 

36



 

Huarcaya Romero Gerardo

 

12,566

 

Huatuco Inga Waldimmer H.

 

315

 

Huerta Aquino Leandro

 

319

 

Huerta Nolasco Isidro

 

13,428

 

Idelfonso Chamorro Felix

 

855

 

Inche Poma Julian

 

356

 

Leon Molina Fredy Miquear

 

430

 

Llamocca Terraza Julian Toribio

 

120

 

Lopez Vilca Emiliano

 

6,420

 

Mamani Atahuana Esteban

 

239

 

Manrique Rodriguez Edilberto

 

431

 

Manuel Juradon Reginaldo

 

264

 

Marcos Espinoza Nahon

 

442

 

Melgarejo Cierto Fredy Eleuterio

 

653

 

Mendoza Quispe Pedro

 

9,570

 

Meza Meza Amancio Maximo

 

310

 

Montes Gamarra Eustaquio

 

206

 

Montes Tolentino Cléver

 

156

 

Mosquera Ricaldi Victor

 

175

 

Moya Orosco Hever

 

2,509

 

Ninahuanca Sovero Pablo

 

147

 

Ochoa Camayo Luis Carlos

 

498

 

Osores Davila Alejandro

 

632

 

Osores Vasquez Simon

 

249

 

Palacios Lazaro Nicolas

 

3,845

 

Paredes Figueroa Rusel

 

381

 

Paucar Femandez Francisco

 

334

 

Paucar Romero Albino

 

294

 

Porras Vasquez Alejandro

 

221

 

Posadas Ascona Nelson

 

229

 

Quinto Tacza Dacio Eufracio

 

335

 

Quispe Quispe Ramon

 

13,032

 

Ramos Carhuapoma Eusebio

 

1,051

 

Ramos Castro Venancio

 

27,331

 

Ramos Huaman Virgilio

 

3,108

 

Reyna Urbano Rolando Wilde

 

572

 

Rivas Ventocilla Paulino

 

9,337

 

Rivera Borja Teodosio

 

6,459

 

Rivera Daviran Anastacio

 

172

 

Rodriguez Baquerizo Frechle

 

212

 

Rodriguez Chavez Nicasio

 

12,158

 

Rodriguez Gaspar Gllcerio

 

8,423

 

Rojas Chagua Teodoro

 

11,190

 

Rojas Reyes Julian

 

203

 

Rojas Rodriguez Seferino

 

768

 

Rosales Borja Remigio Silvio

 

328

 

Rosalio Janampa Elguera

 

178

 

Saez Estrella Escolastico

 

12,191

 

 

37



 

Salome Ponce Marcial

 

23,829

 

Santivañez Huanuco Juan Celso

 

228

 

Santos Tarazona Demetrio

 

7,163

 

Sinche Garcia Guillermo

 

10,048

 

Sindico Sosa Carlos Raul

 

195

 

Solis Martinez Gemil

 

380

 

Soto Caballero Andres

 

11,687

 

Soto Collasos Isaac

 

2,640

 

Sovero Llacza Amulfo

 

7,260

 

Toribio Tolentlno Kiver Sarnuel

 

278

 

Torres Chanca Modesto

 

365

 

Torres Morales Ramon

 

15,636

 

Torres Salinas Wildes Nilton

 

282

 

Turin Quino Isaias Joel

 

120

 

Vargas Taype Julio

 

287

 

Ventocilla Condor Zenon

 

172

 

Vilca Flores Ruben

 

401

 

Vilca Qu fspe Sebastian

 

9,246

 

Villalva Castillon Faustino

 

6,918

 

Villanueva Tlcze Marcelo Victor

 

684

 

Villar Limaymanta Hector

 

702

 

Yaranga Verano Sabino

 

13,996

 

Zacarias Flores Julio

 

462

 

Mucha Villar, David Juan

 

277

 

Total Former Workers

 

496,324

 

TOTAL SEVERANCE PAY (CTS)

 

3,073,669

 

 

3. Suppliers

 

 

US$

 

(illegible) IMPORT S A.

 

15,395

 

(illegible)LLANTAS S.A.C.

 

635

 

A.G.COMUNICACIONES S.A.C.

 

252

 

ABASTECIMIENTO MINERO DEL PERU S.A.C.

 

590

 

INTERNACIONAL S.A.

 

11,900

 

ACTIVIDADES ELECTROMECANlCAS IND. S

 

10,662

 

(illegible) EIRL

 

1,127

 

(illegible)ACEROS Y DERIVADOS INDUST. S

 

775

 

(illegible)FLORES JAVIER

 

6,047

 

(illegible)MENDOZA SEGOVIA

 

291

 

ALEX STEWART ASSAYERS DEL PERU S.R.L

 

1,697

 

(illegible)BEARING S.A.

 

100

 

(illegible)ED H. KNIGHT DEL PERU S.R.L.

 

6,740

 

ALFRED H.KNIGHT INTERNACIONAL

 

4,395

 

ALICOMSER S.R.L.

 

1,030

 

(illegible)S.A.

 

1,423

 

(illegible)GERANCE S.A.

 

713

 

(illegible)AN TRADING S.A.C.

 

477

 

 

38



 

(illegible)SERGER S.R.L.

 

71

 

(illegible)METALEX S.A.

 

5,084

 

(illegible)MIDES S.A.

 

730

 

ARTICULOS INDUST.MULTIPLES S.R.L.

 

5,697

 

ASESORES Y CONSULTORES MINEROS S.A.

 

360

 

(illegible)DE CONS UMIDORES INTENSOS

 

500

 

(illegible)TE MEDRANO SANTOS DAVID

 

2,195

 

ASTETE RICALDI SEGUNDINO

 

182

 

(illegible)B REPRESENTACIONES S.A.

 

1,124

 

(illegible)RIAS VOLTA S.A.

 

78

 

(illegible)INGENlEROS S.R.LTDA.

 

838

 

(illegible)DO OUTSOURCING S.A.O

 

190

 

(illegible)TES MALPICA INGENIEROS S.A.C.

 

6,423

 

(illegible)ES MALPICA INGENIEROS SAC

 

312

 

(illegible)T LONGYEAR S.A.0

 

470

 

BOLSA DE VALORES DE LIMA

 

13,967

 

(illegible)A TRANSP.Y COMERCIALIZACIONES E.I.R.

 

554

 

(illegible)INGENIEROS S.R.LTDA.

 

12,943

 

(illegible)ANA VILLALBA MAXIMO (CARNICERIA MAX)

 

861

 

CALDERON CARDENAS AUGUSTO

 

414

 

(illegible)SAN PEDRO E.I.R.L.

 

138

 

(illegible)CASAS RENTERIA

 

165

 

(illegible)TECNICA SA.

 

619

 

(illegible)ALI CLV S.A.

 

1,845

 

(illegible)NTOS PACASMAYO S.A.A.

 

20,773

 

(illegible)A. GENERAL DE COMUNICACIONES S.A.C.

 

71

 

(illegible)HEMSUPPLY S.A.C.

 

1,540

 

(illegible) IMANA INGENIEROS S.R.L.

 

4,737

 

(illegible)E SEGURIDAD PROSEGUR S.A.

 

3,498

 

(illegible)NERA LUREN S.A.

 

8,359

 

(illegible)A.TECNICA COMERCIAL PERU S.A./COMTESA

 

346

 

(illegible)A S.A.C./CIA.IMPORT.DE RODAMIEN.Y AF

 

804

 

(illegible)NIZ BENAVIDES S.A.C

 

2,179

 

(illegible)SA CIA.DEINV.MIN.AGR.LURIN SA

 

15,926

 

(illegible)MP BATTERIES LTD.

 

6,673

 

(illegible)NERIA Y CONSTRUCCION S.A.C

 

496

 

(illegible)VISA S.R.L.

 

4,021

 

(illegible)COMERCIO Y DISTRIBUCION S.

 

65

 

OMERC.Y DIST.SAN IGNACIO DE LOYOLA S.A.

 

43

 

(illegible)RCIAL CORDOVA S.R.LTDA.

 

5,693

 

(illegible)RCIAL LI S.A.

 

11

 

(illegible)ACIAL Y REPRESENTACION AQUINO

 

1,069

 

COMPAÑIA TECNICA DE REPRESENTACIONES S.A

 

4,036

 

(illegible)TRUCClON MINERA INDUSTRIA-ABASTECIMI

 

6,743

 

(illegible)TRUCClONES ELECTROM.IND.INGENIEROS 5

 

840

 

CONSUL.ASERORS Y SERV.LIMA S.R.LTDA

 

69

 

CONSULTORIA A S.A.C.

 

50,875

 

(illegible)ISULTORlA SERVICIO Y REPRESENTACIONES

 

248

 

 

39



 

(illegible)ITR.CCACCYA Y GARCIA SER MULT S.R.L.

 

10,602

 

CONTRATA MINERA LOS ANDES S.R.L

 

6,567

 

CONTRATISTA ASOCIADO BUENA FORTUNA E.I.R

 

3,983

 

CONTRATISTA MINERO INCHE E.I.R.L.

 

2,515

 

CONTRATISTAS MINEROS TECM1N S.R.L.

 

617

 

CONTROL AUTOMATICO DE MAQUINAS INGS.S.A.

 

373

 

COOPERATIVA DE AHORRO Y CREDITO DE TRAB

 

14,782

 

(illegible)PORAC SCORPION ING MIN Y CONSTR SAC

 

1,391

 

CORPORACION DE RODAMIENTOS Y SERVIO S.A.

 

116

 

CORTES BASTERES LIDIA R.

 

6,233

 

(illegible)MSA-CONT. Y REP.ELECTROMECANICA

 

1,315

 

(illegible)AS SOSA JUANA MAURA (TARMEÑITA)

 

549

 

D Y E DESARROLLO Y ECOLOGIA S.A.C.

 

36

 

D Y E DESARROLLO Y ECOLOGIA SAC

 

437

 

(illegible)A KIT S.A.

 

900

 

(illegible)ID VASOUEZ NARVAEZ

 

51,933

 

DE LA CRUZ VASQUEZ OSWALDO

 

2,202

 

DEDICACIA TRUJILLO DE CHAMORRO

 

3,416

 

(illegible)OSITOS S.A.

 

10,324

 

(illegible)OND CORPORACION S.A.

 

5,000

 

DICOMET S.R.L-DISEÑO Y CONST.METAL

 

200

 

DIESEL EL POWER S.A.

 

327

 

(illegible)MICA INDUSTRIAL S.A.

 

3,253

 

(illegible)RIBUIDORA SANTOS S.A.

 

639

 

DROKASA PERU S.A.

 

1,888

 

(illegible)NO NOBEL DEL PERU S.A.

 

38,409

 

(illegible)ASOCIADOS S.A.

 

557

 

(illegible)BERTA NOEMI CASAS INGA (NEG.B&V)

 

509

 

EJECUTORES MINEROS & ASOCIADOS S.A.

 

393

 

(illegible)PACIFICO PERUANO SUIZA CIA DE SEGUROS

 

1,726

 

(illegible)GRE S.R.L.

 

701

 

(illegible)SA S.A.

 

2,218

 

ELECTRO CENTRO S.A.

 

169,582

 

(illegible)TRO SERVICE REPARACIONES S.A.C.

 

455

 

(illegible)TROCOM INGENIEROS S.A.C.

 

1,666

 

(illegible)TROCOMERCIAL GAMARRA S.A

 

61

 

ELECTROIMIM S.A.

 

897

 

(illegible)CHUQUIPOMA VILCHEZ

 

1,761

 

(illegible)SA

 

1,156

 

EMP.DE SERV.DE SOLDADURA Y MINERA SCRL

 

773

 

EMP.NAC. DE FERROCARRILES S.A.-ENAFER

 

9,703

 

(illegible)TRANSP.DE CARGA MAMANI OLIVARES E.I.

 

567

 

(illegible)TRANSPORTE CA’RHUALLANOUI HNOS S.A.C

 

479

 

EMPESA DE TRANSPORTES PANORAMA S.R.L

 

162

 

EMPRESA DE GENERACI.DE ENERG.ELECT.DEL C

 

118

 

EMPRESA DE TRANSP DE CARGA CHAMORRO SRL

 

10,367

 

EMPRESA DE TRANSP. TURISMO EXPRESS COMITÉ 2

 

330

 

EMPRESA MINERA DEL CENTRO DEL PERU S.A.

 

130,628

 

 

40



 

EMPRESA MINERA LOS QUENUALES S.A

 

87,711

 

EMPRESA MINERA NATIVIDAD S.A.

 

1,428

 

EMPRESA SAN PEDRO CONTRATISTAS GEN S.R.L

 

5,849

 

EMPRESA TRACKLERA MINERA S.A.C.

 

7,115

 

(illegible)ETEL RICALDI E.I.R.L.

 

122

 

(illegible)GlA NEUMATICA COMERCIAL EIRL.

 

353

 

(illegible)QUE SABOGAL Y CIA

 

1,355

 

(illegible)RSA GLOBAL USA, INC.

 

200

 

ESPINOZA ASOCIADOS S.A. ESPIASA

 

378

 

ESPINOZA GARRETA RAMON A.

 

102

 

ESPINOZA VALENZUELA JULIO T.

 

791

 

ESQUIVEL MEJIA BASILIA MARCELINA (VENTA

 

1,691

 

STUDIO CORTEZ Y MASSA S.C.R.LTDA

 

5,330

 

STUDIO ECHEANDIA CHIAPPE ABOGADOS

 

291

 

(illegible)- S.A.

 

42,444

 

AMAINSA E.I.R.L.

 

803

 

(illegible)SA EXPLOSIVOS S.A.C.

 

9,114

 

(illegible)JECUTIVOS S.A.C.

 

97

 

CQNSULASERORS Y SERV.LIMA S.R.LTDA

 

69

 

FERRETERIA FIGALLO S.R.L.

 

458

 

FERROXIGAS EIRL

 

2,134

 

(illegible)A PERUANA S.A.

 

405

 

(illegible)OS MARANGA S.A.G.

 

109

 

FUNCION Y FORMA CONSTRUCTORA S.A.C.

 

3,540

 

FUNDICION CENTRAL &A

 

3,417

 

(illegible)ClON EL VENCEDOR S.A.(FUNVENSA)

 

599

 

(illegible)ECH GROUP S.A.C.

 

278

 

GALVAN PONCE GRACIELA

 

31

 

(illegible)ON Y EJECUCION DE PROYECTOS AMBIENT

 

1,474

 

(illegible)ORlO BENDEZU RODRIGO-CONTRATISTA

 

312

 

GUILLERMO PANDURO SILVERIO PRAXAIR

 

316

 

(illegible).M, REPRESENTACIONES E.I.R.L.

 

447

 

(illegible) INTERCOM S.A.

 

736

 

(illegible)AULlCA NEUMÁTICA INDUSTRIAL.S.A.

 

342

 

(illegible)ANDAS S.A.

 

9,227

 

IMPORTACIONES Y NEGOCIACIONES GRLS.S.A.I

 

900

 

(illegible)RTADORA DE RODAMIENTOS S.A.(IMPOROD)

 

233

 

(illegible)RTADORA SAN ALFONSO S.A.(ISASA)

 

139

 

(illegible)NCISIO FLORES ANA MELVA

 

889

 

(illegible)DECAUCHO S.A.

 

1,302

 

(illegible) S.A.

 

1,739

 

(illegible)STRIA METALICA W.E.T.S.A./IMWETS.A

 

50

 

INDUSTRIAS ALBO S.A.

 

519

 

INDUSTRIAS DEL CONGELADO S.A.

 

3,000

 

(illegible)STRIAS J Y M SRLTDA

 

582

 

(illegible)RUCA DE ESTRELLA FAUSTINA

 

576

 

(illegible)NKALLANTAS S.A.

 

226

 

(illegible)ECO INTERNACIONAL S.A.

 

2,030

 

 

41



 

(illegible)VA ANDINA S.A.*ANTES ROCSA-

 

3,772

 

(illegible)VIS

 

34

 

(illegible)NSPECTORATE GRIFFITH LTD

 

1,252

 

(illegible)ALAClONES Y SERVICIOS S.A.

 

106

 

(illegible)TUTO DE INGENIEROS DE MINAS DEL PER

 

480

 

(illegible)TUTO PERUANO DE ADMINISTRACION DE EM

 

94

 

(illegible)NTER EMPRESAS S.A.

 

1,745

 

(illegible)NACIONAL CAUCHO E.I.R.L.

 

2,250

 

(illegible)SIONES PRODALSA S.A

 

204

 

(illegible)SlONESQUlMICAS E.I.R.L.

 

2,230

 

INVESTIGACIONES MINERAS METALURGICAS EIR

 

3,321

 

(illegible)GENIEROS S.A.C.

 

13,057

 

(illegible)ONlO VEGA ERAUSQUIN

 

984

 

(illegible) INTERMEDIADORES

 

108

 

(illegible)MENDOZA Y ASOCIADOS S.A.

 

83

 

(illegible)ON DEL PERU S.A.C.

 

2,117

 

(illegible)RADING S.A.C.

 

587

 

JOSE ANTONIO INCISO FLORES

 

1,140

 

JOSE V. MOLFINO S.A. AGENCIA DE ADUANA

 

383

 

SEGUNDO ASTETE M.TRANSPORT1STA

 

842

 

(illegible)EZ SERVICE E.I.R.L.

 

562

 

(illegible)L INGENIEROS SRL.

 

3,267

 

(illegible)INTERNATIONAL PERU S.A.C.

 

50

 

(illegible)ONTRATISTAS GENERALES S.C.R.L.

 

1,765

 

(illegible)SA DEL GRIFERO S.A.

 

1,719

 

(illegible)A POCAR E.I.R.L.

 

3,659

 

(illegible)A SEGUROS (SULAMERICA) 01.10.04

 

1,156

 

(illegible)OX S.A.C.

 

888

 

(illegible)

 

668

 

(illegible)IBRERIAYULY

 

486

 

(illegible)NZO GOMEZ RICAPA

 

889

 

(illegible)UGLIELMINO S.A.

 

4,636

 

(illegible)SALAS S.A.

 

373

 

(illegible)&M INGENIEROS CONTRATISTAS S.A.C

 

939

 

(illegible)GROUP S.A.C.

 

35

 

(illegible)OSEL PERU S.R.L.

 

357

 

(illegible)ATRADE CORPORATION

 

3,814

 

(illegible)ALAGA WEBB & ASOCIADOS S.R.L.

 

5,950

 

(illegible)UPOMA ACHICHUAMANT1TO (MEINSA)

 

945

 

(illegible)UPOMA ACHICHUAMANTITO(MEINSA COM.)

 

900

 

(illegible)HURIS S.A.

 

1,768

 

MANUFACTURAS INDUST.METAL MECANICA NAC.S

 

533

 

(illegible)NSA S.R.LTDA

 

522

 

(illegible)MORROS BARRET() MATILDE

 

1,011

 

MC INGENIEROS EIRL

 

1,350

 

MERCANTIL S.A.

 

2,011

 

(illegible)EL TRADING S.A.

 

548

 

(illegible)RA ALMAX S.A.C.

 

117

 

 

42



 

MINERA CENTRO S.A.C.

 

2,000

 

(illegible)ERA CODICIADA S.A. -MICSA

 

826

 

(illegible)RA CRUZ AZUL CORPORATION S.A.C

 

6,476

 

(illegible)S TOP SRL.

 

1,136

 

MITSUI DEL PERU S.A.

 

4,923

 

(illegible)ESTO RICALDI CASO

 

180

 

(illegible)EXPORT S.A.

 

579

 

(illegible)SERVICIOS EL ASESOR

 

189

 

(illegible)YREL S.A./MATERIALES Y REPRESENT.ELECTR

 

395

 

(illegible)CIAClONES CVQ

 

969

 

(illegible)BUENA GUILLEN DAVID

 

103

 

(illegible)MILL S.A.C.

 

366

 

(illegible)EZ Y ASOCIADOS S.CIVIL

 

1,100

 

(illegible)

 

623

 

(illegible)SALUD S.A.

 

389

 

(illegible)GESA ORGANIZACION-NEGOCIOS GRALES. S

 

357

 

(illegible)ALQUIMlCA S.A.

 

103

 

(illegible)SUS 2001 E.I.R.L.

 

4,875

 

(illegible)EZ QUIROZ JORGE LUIS

 

168

 

(illegible)ERNOS S.R.L.

 

240

 

(illegible) VILCHEZ

 

8,655

 

(illegible)RETANOS S.A.

 

6,398

 

(illegible) S.A.

 

287

 

PRODUCTOS CHILENOS DEL ACERO LTDA.

 

3,761

 

PRODUCTOS DE ACERO CASSADO S.A.

 

435

 

(illegible)EVISE SR LTDA

 

6,954

 

(illegible)ECTOS Y FAB METAL MEC ELECT IND SRL

 

969

 

(illegible)DEL PERU S.A.

 

760

 

(illegible)INGENIEROS

 

24

 

(illegible)HAYLA CARDENAS JORDY ANDRES

 

29

 

(illegible)HUAYLA LOPEZ JUSTO

 

607

 

QUIMICA ANGLO PERUANA S.A.

 

1,186

 

(illegible)SUIZA S.A.

 

372

 

(illegible)INGENIEROS EIRL

 

1,123

 

(illegible)AL-I S.R.L.

 

3,498

 

(illegible)ANSA COMERCIAL S.A.

 

2,757

 

(illegible)NEG S.R.L

 

177

 

(illegible)BRIMIENTOS Y MOLDEADOS S.R.L.(REMOL)

 

4,220

 

(illegible)TCH S.R.L.TDA.

 

664

 

(illegible)EPARACIáN EQUIPOS MINEROS S.A.C.

 

179

 

(illegible)ESENTACIONES COPACABANA S.R.L.

 

4,962

 

(illegible)ESENTACIONES GENERALES JOGUGISA

 

2,973

 

(illegible)SOL COMERCIAL SAC

 

312

 

(illegible)UESTOS RAMON S.A.

 

89

 

(illegible)AS Y ADITIVOS S.A.

 

202

 

(illegible)ES CORDOVA AUREO

 

3,147

 

(illegible)INFESAS.R.L

 

292

 

(illegible)CURA ELVA VlOLETA

 

557

 

 

43



 

(illegible)MIENTOS DEL CENTRO S.A.C.

 

3,644

 

(illegible)MENTOS DEL SUR S.R.LTDA.

 

106

 

(illegible)ODAMIENTOS Y REPRESENTACIONES RODI

 

2,587

 

(illegible)AMIENTOS Y REPUESTOS S.A.C-RODARESA

 

6,401

 

(illegible)OROYA ,J.ALIAGA DE VARILLAS

 

50

 

(illegible)X S.A.

 

658

 

(illegible)EDECO COMERCIAL S.A.C.

 

90

 

(illegible)ERM.ELECTROMECANICOS E.I.R.L.

 

60

 

(illegible)OMIN S R LTDA

 

4,897

 

(illegible)EMINT

 

1,179

 

(illegible)ERlCOM E.I.R.L.

 

4,921

 

(illegible)DE SEGURIDAD IND.Y MEDIO AMBIENTE E

 

5,300

 

(illegible)INTEG.DE INGEN.Y MEDIO AMB.S.R.L_,-S

 

2,782

 

(illegible)SEHV.MlNEHOS Y COMERC.DEL PERU SRL–SERM

 

390

 

SERV, TECNICOS MINEROS Y COMERCIALES S.A.

 

424

 

(illegible)VICIO DE VIGILANCIA PRIVADA S.R.LTDA.

 

6,246

 

(illegible)VICIOS IND.DE JULIO M.ROMERO ESCOBAR

 

437

 

SERVICIOS MECANICOS Y REPRESENT,TRACKLES

 

2,236

 

SERVICIOS Y COMERCIO S.A.

 

7,348

 

(illegible)VlClOS-IND. DE JULIO KROMERO ESCOBAR

 

33

 

(illegible)VIMUL VADE E.E.R.LTDA.

 

5,136

 

SETRANSCA S.A.

 

7,144

 

(illegible)DEL PERU S.A.C.

 

1,612

 

ERAL COMPAÑIA MINERA S.A.C

 

722

 

RAMOS JUAN

 

550

 

SOCIEDAD INDUSTRIAL SINTETICA SAC -SISSA

 

6,292

 

(illegible)PEX S.A. -SOCIMPORTADORA Y EXPORTAD

 

113

 

SA S.A.

 

1,736

 

(illegible)DALA SKEGA S.A.

 

1,296

 

T.J.CASTRO S.A.C.

 

71

 

(illegible)NOFIL S.A

 

3,369

 

(illegible)JEC S.A.

 

566

 

TRANSPORTES LA ESPERANZA S.A.

 

519

 

TRANSPORTES HURTADO ROSALES E.I.R.LTDA.

 

1,573

 

TRANSPORTES JOMEV E.I.R.L.

 

28

 

TRANSPORTES MANDUJANO S.R.LTDA.

 

249

 

TRANSVER E.I.R.L.

 

2,423

 

(illegible)UNELTE S.A.

 

378

 

(illegible)TECNOLOGIA COMERCIAL S.A.C.

 

258

 

(illegible)UARDIA EN LLANTAS S.A.C.(VAN LLANTAS

 

30

 

VIJOSCHAM & CIA. S.A.

 

128

 

(illegible)ADlMIR CUBA

 

17,000

 

(illegible)M.CITSA-CORPORACION IND.TRANSME

 

2,223

 

(illegible) REPRESENTACIONES S.A.

 

6,545

 

(illegible)YALE AUSACO S.A.

 

932

 

TOTAL SUPPLIERS

 

1,231,319

 

 

44



3.2      ACCRUALS

SECURITY DEPOSITS

 

 

US$

SECURITY DEPOSITS

 

 

SETRANSCA

 

50,050

CONTRATISTA GENERAL DE MINAS S.R.L COGE

 

29,22(illegible)

SERVICIO DE VIGILANCIA PRIVADA S.R.L. LTDA.

 

25,20(illegible)

CY V INGENIEROS S.R.LTDA.

 

15,56(illegible)

ENRIQUEZ G.CONTRATISTAS MINEROS E.I.R.L.

 

14,87(i1legible)

CONTRATISTAS MINEROS HERMANOS ENRIQUEZ S

 

13,52(illegible)

J.A INGENIEROS S.A.C

 

8,51(illegible)

CODECEN S.R.L

 

8,15(illegible)

TRANSPORTES IVANA LOBATON

 

6,63(illegible)

CASABLANCA TRADING S.A.

 

5,86(illegible)

ETRASEMS HC E.IR.L.

 

4,35(illegible)

MINERA MILAGROS S.R.L.

 

4,34(illegible)

DE LA CRUZ VASQUEZ OSWALDO

 

3,7(illegible)

LA CONTRATISTAS GENERALES S.C.R.L.

 

2,5(illegible)

DESIDERIO BELTRAN LERMO

 

2,4(illlegible)

CONTRATA MINERA SAN PEDRO EIRL

 

1.7(illegible)

CONTR. TRAB. MINEROS Y CIV NACIONAL EIRL

 

1,1(illegible)

INGEN CONTRATISTAS GEN. FORTAL EIRL

 

1,0(illegible)

BENITO DE LA CRUZ WILFREDO

 

(illegible)

EMP. DE SERV. DE SOLDADURA Y MINERA SCRL

 

(illegible)

CODEMSA S.R.L

 

(illegible)

CHICMANA INGENIEROS S.R.L

 

(illegible)

CONTRATISTAS MINERO MAMANI E.R.L

 

(illegible)

MINERA CRUZ AZUL CORPORATION S.A.C.

 

(illegible)

SIDERAL COMPAÑIA MINERA S.A.C.

 

(illegible)

 

 

 

SERVICES SUBJECT TO LEGAL ACTION

 

 

HERADIO ZEA

 

(illegible)

LUIS LLANOS

 

(illegible)

 

 

 

UNINVOICED SERVICES AND OTHER ACCRUALS

 

 

SINDICATO TRABAJ MINEROS AUSTRIA DUVAZ

 

290,(illegible)

EMPRESA MINERA DEL CENTRO DEL PERU

 

246,(illegible)

PROVISION SUPPLIER INTEREST

 

45,(illegible)

NUÑEZ Y ASOCIADOS SOC. CIVIL

 

11,(illegible)

ELECTRO CENTRO S.A.

 

8(illegible)

TELEFONICA DEL PERU S.A.A.

 

3(illegible)

BOLSA DE VALORES LIMA (Lima Stock Exchange)

 

3(illegible)

MINERA CODICIADA S.A. MICSA AVILA DE BARRIENTOS PETRONILA

 

(illegible)

 

45



 

OUTSTANDING CHECKS

 

 

 

MISCELLANEOUS-OUTSTANDING CHECKS BCO WIESE FOREIGN CURRENCY

 

(illegible)

 

MISCELLANEOUS -OUTSTANDING CHEKCS NBK BANK FOREIGN CURRENCY

 

(illegible)

 

MISCELLANEOUS -OUTSTANDING CHECKS NBK BANK LOCAL CURRENCY

 

(illegible)

 

TOTAL ACCRUALS

 

82(illegible)

 

 

3.3          Payroll payables

 

 

 

 

U$S

 

 

 

 

 

SALARIES PAYABLE

 

2,570

 

WORKERS-MINE -*SUBSIDIES 98

 

 

 

ACCRUED VACATIONS PAYABLE

 

 

 

EMPLOYEES – LIMA

 

19,892

 

EMPLOYEES – MINE

 

11,847

 

PERMANENT WORKERS MINE

 

84,389

 

CONTRACTED WORKERS MINE

 

6,661

 

BONUSES PAYABLE

 

 

 

BONUS FOR EMPLOYEES LIMA

 

24,783

 

 

 

150,143

 

 

3.4          Others

 

Traders

 

 

 

AIDA MENDOZA SEGOVIA

 

3,521

 

VILMA GOMES CASAS

 

3,300

 

YOLANDA MALPARTIDA

 

2,057

 

DOGALDO LIMAYMANTA

 

741

 

EVER C. PACHECO ÑAUPARI(MESH HALL 3)

 

558

 

MEAT MARKET 2 RODRIGUEZ DE MAYTA MAR

 

321

 

GUTIERREZ MANUEL – MESH HALL

 

297

 

MESH HALL 2 PACHECO ROJAS EDUARDO

 

33

 

 

 

 

 

Court-Ordered Deposit Former Workers

 

 

 

MOYA OROSCO HEVER

 

5,404

 

FORTUNA LEVITA GUILLEN

 

4,149

 

RAMOS CARHUAPOMA EUSEBIO

 

3,609

 

AVILA INGA LUIS

 

79

 

 

 

 

 

Security Deposit

 

 

 

ENRIQUEZ G. CONTRATISTAS MINEROS E.I.R.L

 

14,720

 

CONDEMIN EIRL

 

13,470

 

 

46



 

CODECEN S.R.LTDA.

 

11,523

 

CODEMSA S.R.L.

 

2,303

 

MINERA CRUZ AZUL CORPORATION S.A.C.

 

1,776

 

CONTRATA MINERA SAN PEDRO EIRL

 

1,501

 

J Y F CONTRATISTAS GENERALES S.A.

 

1,498

 

MINERA MILAGROS S.R.L.

 

1,097

 

MADEMEIN S.R.L M. ALVAREZ.

 

740

 

DESIDERIO BELTRAN LERMO

 

379

 

CONTRATISTAS MINEROS TECMIN S.R.L.

 

348

 

CONTRATISTA MINERO INCHE

 

269

 

J.A. INGENIEROS S.A.C.

 

253

 

SERVICIOS MULTIPLES BERNA S.A.(SERMUBE)

 

252

 

CTTA. BENDEZU

 

220

 

CONTR.CCAYA GARCIA SER MULT S.R.L

 

204

 

SEGUNDINO ASTETE RICALDI TRANSPORT

 

111

 

JOSE HUAPAYA HUAPAYA CONTRATISTA

 

91

 

JUAN SEGUNDO ASTETE M. TRANSPORTIST

 

21

 

 

 

 

 

Miscellaneous Obligations

 

 

 

MINISTRY OF ENERGY AND MINES

 

169,267

 

CONASEV

 

3,206

 

 

 

 

 

Compensation for former workers

 

 

 

RODRIGUEZ CASACHAGUA EDGARDO

 

98,225

 

SOTO COLLASOS ISAAC

 

90,246

 

RAMOS HUAMAN VIRGILIO

 

20,402

 

ANTONIO ASTO AURELIANO

 

14,573

 

RAMOS CASTRO VENANCIO

 

14,573

 

PANEZ POMACHAGUA FORTUNATO

 

14,573

 

 

 

499,911

 

 

TAX Liabilities

 

 

 

US$

 

Tax instalment payment (RESIT)

 

2,369,564

 

(illegible)lnstalment payment under Article 36

 

 

 

(illegible)TaxCode

 

291,686

 

Supplementary worker’s insurance

 

173,452

 

Royalties

 

146,405

 

(illegible)Funds (AFP)

 

172,848

 

 

 

3,153,955

 

 

47



5. THIRD-party debts

 

(illegible)tina D’Ornellas

 

215,299

 

Rodriguez –Mariategui Canny

 

211,266

 

Reynaldo Llosa Benavides

 

163,060

 

Miscellaneous

 

32,318

 

 

 

621,943

 

 

 

 

 

 

Other debts

 

 

 

 

 

 

 

FATHER

 

750,000

 

 

 

750,000

 

 

48



DEBTS LISTED IN EXHIBIT F AND PAID BY DUVAZ AS OF JULY 31, 2006

 

 

 

 

US$

 

1

 

Financial debts

 

22,480

 

2

 

CTS

 

154,227

 

3

 

Trade accounts payable

 

 

 

 

 

3.1 Suppliers

 

121,984

 

 

 

3.2 Accruals

 

206,664

 

 

 

3.3 Payroll payables

 

—

 

 

 

3.4 Others

 

27,736

 

 

 

 

 

356,084

 

4

 

Tax liabilities

 

195,861

 

5

 

Third-party debts

 

36,153

 

6

 

Other debts

 

 

 

 

 

Total

 

764,805

 

 

49



1. Financial Debts

COFIDE 1

 

—

 

COFIDE 2

 

—

 

COFIDE 3

 

22,480

 

COFIDE 4

 

—

 

 

 

22,480

 

 

50



2. CTS

Employees Lima

 

 

 

Armuto Huahuarnuilo Catalina

 

 

 

Benitas Vasquez Emma Patricia

 

 

 

Bravo Sandoval Rocio

 

 

 

Bruno Ibarra Pedro Amadeo

 

 

 

Cardenas Castillo Samuel

 

665

 

Chavez Mauricio Amanda Casilda

 

 

 

Enriquez Florian Marco

 

 

 

Espejo Jimenez Armando

 

29,286

 

Espinal Huamani Amador

 

 

 

Flores Parian Gladis

 

 

 

Fuerte Briceño Carlos Alfonso

 

 

 

Gudie! Ramirez Kenlye

 

 

 

Leiva Paredes Alex

 

 

 

Liando Gutierrez Samuel

 

 

 

Mayta Fabian Romulo

 

 

 

Medina Salas Severo Jorge

 

 

 

Mendoza Contreras Carlos

 

 

 

Mimbela Camero Pablo

 

 

 

Moreno Moreno Irma

 

 

 

Muñoz Carrasco Jaime

 

 

 

Narnot Castillo Luciano

 

 

 

Neyra Valverde Juan

 

 

 

Olazabal Tellez Rafael

 

231

 

Ortiz Camarena Saturnino

 

 

 

Oswaldo Quispe Rua

 

 

 

Paz Manrique Nelida

 

 

 

Perez Enriquez Edward Wilfredo

 

 

 

Pilco Galoc Ramiro

 

 

 

Puclias Barreto Rosa Luz

 

 

 

Ramirez Florando Raymundo

 

1,440

 

Rebata Davalos Maria

 

 

 

Santillan Castro Elita Luz

 

 

 

Serrano Rodriguez oelfin Jesus

 

 

 

Silva Paiva Carlos Alberto

 

 

 

Soto Malpica Walter

 

 

 

Vela= Matos Ivan

 

 

 

 

51



 

VillaIzan Palomino Aracely

 

 

 

Vlzcarra Fernandez Victor

 

 

 

Zamudio Gutierrez Pedro

 

 

 

Zevallos Rupay Beatriz

 

 

 

Total Employees

 

31,624

 

 

 

 

 

 

 

 

 

Workers

 

 

 

Aguilar Quispe

 

 

 

Aguilar Turpo

 

 

 

Alanya Asto, Custodio

 

 

 

Alanya Asto, Eloy Belealdo

 

 

 

Alcantara Chuquillanqui, Moises

 

 

 

Alderete Condor Eloy

 

 

 

Alderete Espinara, Jasa Pele

 

 

 

Alfonso Bendezu, Basifio

 

 

 

Alfonso Garcia, Bernardino

 

3 825

 

Aliaga Huaman, Humberto

 

 

 

Aliaga Huaynalaya, Domingo

 

3455

 

Antonio Alanya, Macaria

 

6 169

 

AntonioHuarcaya, Gregorio

 

4 195

 

Arias Antara, Edillo

 

 

 

Arisaca Quispe, Félix

 

 

 

Artica Calero, Edy Luis

 

 

 

Arzapalo Ore, Daniel

 

319

 

Asta Duran, Guillermo

 

3 455

 

Asto Mendoza, Justadio

 

 

 

Atachahua Ursua, Elvis Antonio

 

 

 

Baldoceda Ubaldo, Cesar Juan

 

1 004

 

Baldoceda Ubaldo, Miguel Angel

 

 

 

Barja Laureano, Ismael

 

738

 

Barja Ponce, Eleazar

 

 

 

Barja Ponce, Hilder

 

 

 

Barzola Oropesa, Filologo

 

 

 

Batalla Castillo, Luis Alberto

 

 

 

Bazan Rodriguez, Wiliam

 

502

 

Bello Ayllon, Rufilio

 

 

 

Benancio Santos, Dionicio

 

590

 

Berrospi Hurtado

 

 

 

Blas Velasquez

 

 

 

Bonifacio Cerron, Modesto

 

3,392

 

Bravo Evangelista, Nemesio

 

 

 

52



 

Cahuapaza Flores, Nicolas

 

3825

 

Cajahuanca Rupay, Marcial Juan

 

353

 

Calcina Pacha, Epifanio Pelayo

 

494

 

Calixto Santos, Santiago

 

 

 

Canales Quispe, Teodoro

 

602

 

Cancapa Llulcho, William Godofredo

 

641

 

Canchaya Baldeon

 

 

 

Cardenas Huaynate Roberto

 

 

 

Cardenas Quintana, Weber

 

 

 

Carhuaricra Llanos, Félix

 

 

 

Carhuaricra Quispe, Ramon

 

 

 

Carlos Reyna. Antioco

 

 

 

Casas Davila, Máximo

 

 

 

Casas Espinoza, Leoncio Elias

 

 

 

Castañeda Melendez, Edgar Aquiles

 

 

 

Castro Chulan, Hugo

 

 

 

Ccente Acuña, Rigoberto

 

 

 

Ccente Garcia,Fortunato

 

 

 

Chamorro Mosquera,Fernando

 

 

 

Champi Huampa, Juan Jose

 

613

 

Chavez Cardoso, Pablo Jacinto

 

 

 

Coronel Juarez, Carlos Antonio

 

 

 

Cosi Ventura, Zenon

 

 

 

Crispan Sedano, Juan Alejandro

 

 

 

Cuadrado De La Cruz, Jacinto

 

 

 

Cuicapuza Nahuinripa, Carlos

 

422

 

Damian De La Cruz, Mesias

 

 

 

Davila Basurto,Severo

 

 

 

Davila Gomez, Hever Sabe

 

 

 

Davila Huaman, Plinio

 

 

 

Davila Quinto, Cesar Francisco

 

 

 

De La Cruz Palacios, Hever

 

4,226

 

De La Cruz Quispe, Juan

 

 

 

Delgadillo Cajahuanca, Mario

 

 

 

Enrique Perez, Cirilo

 

3,577

 

Espinoza Bendezu, Aurelio

 

 

 

Espinoza De La Cruz, Vicente

 

4226

 

Espinoza Soto, Miro

 

 

 

Esquivel Villavicencios, Felix

 

 

 

Esteban Yngaruca, Florentino

 

 

 

Evazeto Condor, Rodolfo

 

 

 

Fabian Ninahuanca,Andres

 

 

 

Flores Rojas,Luis

 

 

 

Fura Chura, Juan Carios

 

757

 

Gago Pariona, Percy

 

 

 

Gallardo Limaylla, Wile Hector

 

 

 

Gallardo Mayta , Junior Michel

 

314

 

53



 

Garcia Pariona, Saturnino

 

 

 

Gaspar Chavez, Baloy

 

 

 

Gaspar Ponce, Segundo

 

 

 

Gonzales Benito, Reymundo

 

 

 

Gonzales Garcia, Luis

 

 

 

Gonzales Valer, Jose

 

 

 

Huahuacondori Lampa, Laureano

 

 

 

Huaman Cajahuanca, David Jesus

 

 

 

Huaman Coca,Severo

 

 

 

Huaman Vargas, Ronald Nery

 

414

 

Huaman Vilchez, Florentino

 

 

 

Huamani Rodrigo, Fredy Ange

 

 

 

Huamani Tunear, Crispin

 

 

 

Huaricapcha Cristobal, Teodoro

 

 

 

Huayta Gaspar, Pedro

 

 

 

Huayta Meza, Eddy Roger

 

1.486

 

Huerta Cierto, Cesar

 

970

 

Huerta Cierto, Pablo Isaac

 

305

 

Huerta Cierto, Teodosio

 

4,226

 

Inga Orosco, Ever

 

6,169

 

Inga Santos. Fabian

 

 

 

ingaruca Rojas, Marciano

 

 

 

ngaruca Rojas, Marciano Izarra

 

 

 

Izquierdo Leen, Bartolomé

 

 

 

Izqulerdo Lean, Jesús

 

 

 

Javier Yalico, Serapio

 

 

 

Lanço Soto Prospero

 

 

 

Laura Lampa. Alejandro

 

 

 

Laura Muñoz, Victor

 

566

 

Leon Astuvilca, Jaime

 

 

 

Leon Chuquilianqui, Esteban

 

 

 

Leon Jurado. Edwin Roberto

 

 

 

Leonardo Machaca, Simón

 

 

 

Llanca Pacheco, Edson Percy

 

1,396

 

Lopez Coser, Tebaldo Albino

 

3,825

 

Machacuay Chuco,Cornelio

 

 

 

Machacuay Ponce, Alejandro

 

 

 

Mallma Briceño, Jose

 

 

 

Mallma Morales, Rodolfo Heve

 

 

 

Malpica Cuadros,Jesus

 

 

 

Manrique Pinas, Cesar Jose

 

 

 

Marcelo Toribio, Adolfo

 

3,207

 

Martinez Garay, Jesús Marcelino

 

 

 

Meza Cabanillas, David Aurelio

 

 

 

Meza Chuco, Feliciano

 

 

 

Meza Pomalaza, WiIfredo Carlos

 

 

 

Millan Figueroa,Elmer

 

 

 

Montero Artica, Rodolfo Hilario

 

 

 

54



 

Mucha Aliaga, Gregorio

 

 

 

Mucha Carhuancho, Marcelo

 

 

 

Mucha Gomez, Luis Alex

 

 

 

Muña Canapa, Remigi

 

 

 

Nieva Navarro, Jaime

 

 

 

Ordoñez Gangali, José

 

 

 

Orellana Mendoza, Carlos

 

 

 

Orosco Yantas, Sebastian

 

 

 

Ortiz Rodriguez, Jose Luis

 

 

 

Osores Davila,Fericiano

 

 

 

Osores Gomez, Idelfonso Raúl

 

 

 

Pablo Luis, Moisés

 

 

 

Paez Manrique, Teodosio

 

 

 

Panez Condor, Hugo Oscar

 

 

 

Papulco Salame, Hercilio

 

4665

 

Pardo Basillo, Nestor

 

620

 

Pariona Acuña, Homogenes

 

 

 

Pariona Hinostroza, Freddy

 

 

 

Pariona Montes, Gregorio

 

 

 

Pariona Sachahuaman, Juan Edson Roger

 

644

 

Pariona Torres, Leandro

 

 

 

Peña Reyes, Valerio

 

 

 

Perez Barrera, Patricio

 

 

 

Perez Rojas, Jorge Luis

 

576

 

Poma Cajahuanca, Pedro Pablo

 

735

 

Poma Santiago, Ernesto Ricardo

 

774

 

Pomahuali Mangualaya, Jose Antonio

 

765

 

Pomasunco Arzapaloi, Oscar

 

 

 

Ponce Gaspar, Eleodoro

 

 

 

Ponce Herquinio, Rolando

 

 

 

Quincho Burgos, Juliom Faustino

 

 

 

Quinto Toralva, Jesus Benedicto

 

 

 

Quinto Trinidad, Josué Abel

 

 

 

Quispe Cardenas, León

 

4195

 

Quispe Clemente, Felipe

 

 

 

Quispe Clemente, Paulino

 

3577

 

Quispe Huarcaya, Libito

 

3825

 

Quispe Maldonado, Asisclo

 

 

 

Quispe Moran, Mauro

 

 

 

Quispe Parlsaca, Fabian

 

6539

 

Ramirez Flores, Edgar

 

 

 

Ramos Huaman, Sixto

 

 

 

Raymundo Canchuricra, Francisco

 

 

 

Reina Carlos, Saul Ames

 

 

 

Reina Terreros, Rolando Ulisis

 

 

 

Reyes Jimenes, Eugenio

 

1543

 

Rimari Condor, Cesar

 

380

 

Rodriguez Cesar, Eleodoro Ludilto

 

390

 

55



 

Rodriguez Machuca, Aurelio Martin

 

897

 

ROJAS FLORES, Félix

 

 

 

Rojas Huamani, Jose

 

181

 

Rojas Mauricio, Longino

 

 

 

Rojas Quispe, Rodolfo

 

 

 

Rojas Quispe, Segundino

 

462

 

Rojas Rivas, Alfredo

 

3825

 

Rojas Rivera, Samuel

 

 

 

Rojas Sanchez, Mateo

 

 

 

Romero Hurtado, Luis Antonio

 

 

 

Romero Rivas, Rodolfo

 

 

 

Romero Torres, Esteban

 

588

 

Salcedo Chahua, Herminio

 

1250

 

Samaniego Solorzano, Rolando

 

 

 

Sanchez Sorja, Siiverio

 

 

 

Sanchez Del Cuadro, Fidenclo

 

 

 

Sancho Zavala, Hipólito

 

 

 

Santivañez Huanuco. José

 

 

 

Santos Nieto, Rufina

 

 

 

Santos Tarazona, Edmundo

 

 

 

Sinche Gomez, Demetrio

 

 

 

Talpe Pariona, Eloy

 

 

 

Ticse Reyna, Pedro

 

 

 

Tito Crispin, Villareal Marino

 

563

 

Tolentino Orosco, Gabriel

 

4035

 

Toribio Taloa, Francisco

 

 

 

Torres Castro, Juan Ricardo

 

4613

 

Torres Morales, Ramon

 

 

 

Torres Rosales, Anibal Eloy

 

 

 

Turpo Condori, Abrahan Moises

 

 

 

Urbina Ramos, Demetrio

 

 

 

Ureta Gamarra, Juan

 

3825

 

Valentin Cuba, Pedro Leon

 

1380

 

Valentin Villanueva, Rosendo

 

 

 

Valentino Valer, Cesar Daniel

 

368

 

Vargas Gonzales, Manuel

 

 

 

Vasquez Coca, Mauro Pablo

 

 

 

Vasquez Maravi, César Oscar

 

 

 

Velasquez Mayta, Norberto

 

 

 

Vila Espinoza, Joel Jans

 

671

 

Vilca Flores, Ruben

 

 

 

Vilca Puma, Amaldo

 

 

 

Yantas Orosco, Alberto

 

 

 

yaro Hlnostroza, Carlos

 

 

 

Yauri Morales, Tito

 

 

 

Yupanqui Barrios, Aldo Abel

 

911

 

Yupanqui Gaya, Rubén Jorge

 

 

 

Yupanqui Ñaupari, Paúl

 

 

 

56



 

Zacarias Chavez, Aquiles

 

 

 

Zamudio Meza, Lucio Alexander

 

365

 

Zevallos Rupay, Adelfo

 

 

 

Total Workers

 

122,603

 

 

 

 

 

 

 

 

 

Former Employees

 

 

 

 

 

 

 

 

 

 

 

Galiano Laimito Felix Augusto

 

 

 

Rodriguez Marlategui ProayO Jaime

 

 

 

Flores Dietz Jorge Victor

 

 

 

Ramos Moreno Femado Cesar

 

 

 

Carranza Paredes Ana Maria

 

 

 

Barria Fuentes Luis Ásale

 

 

 

Lam Bohorquez, Lilia Carmen

 

 

 

Glave Revilla Walter Mario

 

 

 

Rodriguez Mariategui Blume Juan Pedro

 

 

 

Zegarra Rlos Alejandro

 

 

 

Rodriguez Mariategui Blume Jaime

 

 

 

Ampuero Recabarren Guillermo Robert

 

 

 

Apaza Sucari Julio Cesar

 

 

 

Avila Inga Luis Tito

 

 

 

Calixto Mauricio Ruben

 

 

 

Castillo Huaman Herckener

 

 

 

Cayo Condori Pedro

 

 

 

Chicata Flores Veronica Elizabeth

 

 

 

Contreras Turin Jesus Efrain

 

 

 

Egoavil Albinagorta Urbano Teodoro

 

 

 

Escobar Bocangel Herbert

 

 

 

Gaona Puertas Heman

 

 

 

Gomez Huaynates Francisco

 

 

 

Gutarra Canchaya Maribe

 

 

 

Heraclio F Chumpitaz Saldana

 

 

 

Herrera Durand Carlos Roberto

 

 

 

Leonardo Delzo Jorge Alberto

 

 

 

Loayza Egoavil Maria Elena

 

 

 

Martinez Chavea Lazaro

 

 

 

Martinez Lopez Luis

 

 

 

Moreno Moreno Yrma Yolanda

 

 

 

Nieves Rosales Maximo Oswaldo

 

 

 

Ninalaya Meza Raul Ignacio

 

 

 

Olazabal Trelies Froilan

 

 

 

Ortiz Camarena Saturnino

 

 

 

Rondan Mena Marcos Esteban

 

 

 

Ruiz Soldevilla Edgar

 

 

 

57



 

Soto Malpica Walter Alberto

 

 

 

Trinidad Bonifacio Dario Cripin

 

 

 

Valderrama Saavedra Virgilio

 

 

 

Valentin Villanueva Severo

 

 

 

Valle Melendez Anibal

 

 

 

Velarde Chávez José Manuel

 

 

 

Vivas Curi Benjamin

 

 

 

Vizcarra Fernandez Victor Teodoro

 

 

 

Total Former Employees

 

0

 

 

 

 

 

 

 

 

 

Former Workers

 

 

 

 

 

 

 

Aburto Aburto Jose Natividad

 

 

 

Alanya Gonzales Nemesio

 

 

 

Allaga HUaynalaya Regulo

 

 

 

Anco Condor Alejandro

 

 

 

Anco Condor Pantaleón

 

 

 

Antonio Asto Aureliano

 

 

 

Apolinario Nuñez Santos

 

 

 

Arana Cahuana Leoncino

 

 

 

Aslo Antonio Alejandro

 

 

 

Atachahua Ascansa Manuel

 

 

 

Barja Salome Facundo

 

 

 

Barzola Perez Romulo

 

 

 

Barzola Zapata Gregorio

 

 

 

Benancio Jalmes Timoteo Simeon

 

 

 

Bernachea Hilario Justo

 

 

 

Blas HUanca Hectos

 

 

 

Blas Mercato Jose

 

 

 

Bonifacio De la Cruz Godofredo

 

 

 

Bravo Andrade Gregório

 

 

 

Bruno Ibarra Willian

 

 

 

Camayo Lapa Eulálio

 

 

 

Campos Aliaga Eusébio

 

 

 

Camposano Gómez Arturo César

 

 

 

Capcha Puris Esteban

 

 

 

Carhuaz Casas Raul

 

 

 

Caro Salazar Denis

 

 

 

CAtro Aguilar Hugo

 

 

 

Ocancce Moscoso Jesus Elias

 

 

 

Celestino Huaman Fausto

 

 

 

Cerron Leon Hipólito

 

 

 

Cerron Palácios Vides

 

 

 

Chuquivilca Jimenez Guzman

 

 

 

Coila Melendez Afrain

 

 

 

Condor Gaspar Fidel

 

 

 

58



 

Condori Jacho Benigno

 

 

 

Cotera Casas Ruben

 

 

 

Cuadrado Manrique Leo Toni

 

 

 

Damian De La Cruz David

 

 

 

Danilo Llares Baquerizo

 

 

 

Davila Quispe Mamerto

 

 

 

De la Cruz Gomez Raul

 

 

 

Echevarria Castro Elvert Ciro

 

 

 

Eden Laura Torpoco

 

 

 

Escalera Huaringa Felidonio G.

 

 

 

Garcia Balvon Lucio Aureo

 

 

 

Garcia Sinche Efrain

 

 

 

Gaspar Paez Valeriano

 

 

 

Gonzales De La Cruz Juan Carlos

 

 

 

Gonzales Hinostroza Epifanio Donato

 

 

 

Gonzales Hinostroza Maximo Alfredo

 

 

 

Hinostroza Avellaneda Cléber Hector

 

 

 

Huaman Orue Cipriano

 

 

 

Huaman Romero Damaso

 

 

 

Huarcaya Romero Gerardo

 

 

 

Huanuco Inga Waldimmer H .

 

 

 

Huerta Aquino Leandro

 

 

 

Huerta Nolasco Isidro

 

 

 

Idelfonso Chamorro Felix

 

 

 

Inche Poma Julian

 

 

 

Leon Molina Fredy Miquear

 

 

 

Llamota Terraza Julian Toribto

 

 

 

Lopez Vilca Emiliano

 

 

 

Mamani Atahuana Esteban

 

 

 

Manrique Rodriguez Edilberto

 

 

 

Manuel JUradon Reginaldo

 

 

 

Marcos Espinoza NAhon

 

 

 

Melgarejo Cierto Fredy Eleuterio

 

 

 

Mendoza Quispe Pedro

 

 

 

Meza Meza Amancio Maximo

 

 

 

Montes Gamarra Eustaquio

 

 

 

Montes Tolentino Cléber

 

 

 

Mosquera Ricaldi Victor

 

 

 

Moya Orozco Hever

 

 

 

Ninahuanca Sovero Pablo

 

 

 

Ochoa Tamayo Luis Carlos

 

 

 

Osores Davila Alejandro

 

 

 

Osores Vasquez Simon

 

 

 

Palacios Lazaro Nicolas

 

 

 

Paredes Figueroa Rusel

 

 

 

Paucar fernadez Francisco

 

 

 

Paucar Romero Albino

 

 

 

Porras Vasquez Alejandro

 

 

 

 

59



 

Posadas Ascona Nelson

 

 

 

Quinto Tacza Dacio Eufracio

 

 

 

Quispe Quispe Ramon

 

 

 

Ramos Carhuapoma Eusébio

 

 

 

Ramos castro VENÁNCIO

 

 

 

Ramos Huaman Virgilio

 

 

 

Reyna Urbano Rolando Wilde

 

 

 

Rivas Ventocilla Paulino

 

 

 

Rivera Borja Teodosio

 

 

 

Rivera Davirian Anastácio

 

 

 

Rodriguez Baquerizo Frechle

 

 

 

Rodriguez Chavez Nlcasio

 

 

 

Rodriguez Gaspar Glicério

 

 

 

Rojas Chagua Teodoro

 

 

 

Rojas Reyes Julian

 

 

 

Rojas Rodriguez Seferino

 

 

 

Rosales Borja Remigio Silvio

 

 

 

Rosalio Janampa Elguera

 

 

 

Saez estrella Escolástico

 

 

 

Salome Ponce Marcial

 

 

 

Santivañez Huanuco Juan Celso

 

 

 

Santos Tarazona Demetrio

 

 

 

Sinche Garcia Guillermo

 

 

 

Sindico sosa Carlos Raul

 

 

 

Solis Martinez gemil

 

 

 

Soto Caballero Andrés

 

 

 

Soto Collasos Isaac

 

 

 

Sovero Llacsa Arnulfo

 

 

 

Toribio Tolentino Kiver Samuel

 

 

 

Torres Chanca Modesto

 

 

 

Torres Morales Ramon

 

 

 

Toprres Salinas Wildes Nilton

 

 

 

Turin Quino Isaias Joel

 

 

 

Vargas Taype Julio

 

 

 

Ventocilla Condor Zenon

 

 

 

Vilca Flores Ruben

 

 

 

Vilca Quispe Sebastian

 

 

 

VillaIva Castillon Faustino

 

 

 

Villanueva Ticze Marcelo Victor

 

 

 

Villar Llmaymanta Hector

 

 

 

Yaranga Verano Sabino

 

 

 

Sacarias Flores Julio

 

 

 

Mucha Villar David Juan

 

 

 

Total Former Workers

 

0

 

Total Severance Pay (CTS)

 

154,227

 

 

60



 

3.1 Suppliers

 

 

 

US$

 

A & A IMPORT S.A.

 

 

 

Y B LLANTAS SAC

 

 

 

AG COMUNICACIONES SAC

 

 

 

ABASTECIMIENTO MINERO DEL PERÚ SAC

 

 

 

ASF INTERNACIONAL S.A.

 

 

 

ACTIVIDADES ELECTROMECÁNICAS IND. S

 

 

 

ADIFICA EIRL

 

 

 

ADINSA – ACEROS Y DERIVADOS INDUST. S

 

 

 

AGUIRRE FLORES JAVIER

 

 

 

AIDA MENDOZA SEGOVIA

 

 

 

ALEX STEWART ASSAYERS DEL PERÚ S.R.L.

 

 

 

ALFA BEARING S.A.

 

 

 

ALFRED H. KNIGHT DEL PERÚ S.R.L.

 

 

 

ALFRED H. KNIGHT INTERNACIONAL

 

 

 

ALICOMSER S.R.L.

 

 

 

(illegible) JOP S.A.

 

 

 

ANTERGERANCE S.A.

 

713

 

ANDEAN TRADING. S.A.C.

 

 

 

ARES SERGER S.R.L.

 

 

 

AMCO METALEX S.A.

 

 

 

ARQUÍMIDES S.A.

 

730

 

ARTÍCULOS INDUST. MÚTLTIPLES S.R.L.

 

 

 

ASESORES Y CONSULTORES MINEROS S.A.

 

 

 

ASOC. DE CONSUMIDORES INTENSOS

 

 

 

ASTETE MEDRANO SANTOS DAVID

 

569

 

ASTETE RICALDI SEGUNDINO

 

 

 

BCB REPRESENTACIONES S.A.

 

 

 

BATERÍAS VOLTA S.A.

 

78

 

BTZ INGENIEROS S.R.LTDA.

 

 

 

BDO OUTSOURCING S.A.C.

 

 

 

BENITES MALPICA INGENIEROS S.A.C.

 

 

 

BENITES MALPICA INGENIEROS S.A.C.

 

 

 

(illegible) ART LONGYEAR S.A.C.

 

 

 

BOLSA DE VALORES DE LIMA

 

 

 

(illegible) RAMA TRANSP.Y COMERCIALIZACIONES E.I.R.L.

 

 

 

(illegible) INGENIEROS S.R.LTDA.

 

 

 

CAHUANA VILLALBA MÁXIMO (CARNICERÍA MAX)

 

 

 

CALDERÓN CÁRDENAS AUGUSTO

 

 

 

CALERA SAN PEDRO E.I.R.L.

 

 

 

CARLOS CASAS RENTERÍA

 

 

 

CAUCHO TÉCNICA S.A.

 

 

 

CAVALI ICLV S.A.

 

 

 

CEMENTOS PACASMAYO S.A.A.

 

1,000

 

(illegible) CÍA GENERAL DE COMUNICACIONES S.A.C

 

 

 

CHEMSUPPLY S.A.C.

 

1,540

 

 

61



 

 

 

 

 

CHICMANA INGENIEROS S.R.L.

 

1,184

 

CIA DE SEGURIDAD PROSEGUR S.A.

 

 

 

CÍA. MINERA LUREN S.A

 

 

 

CÍA. TÉCNICA COMERCIAL PERÚ S.A. / COMTESA

 

 

 

CIDRA S.A.C / CÍA. IMPORT. DE RODAMIEN. Y AF

 

 

 

CILLÓNIZ BENAVIDES S.A.C.

 

 

 

CIMALSA – CÍA. DE INV. MIN. AGR. LURÍN S.A.

 

 

 

CMP BATTERIES LTD.

 

 

 

(illegible) MINERIA Y CONSTRUCCION S.A.C

 

 

 

(illegible) EMSA S.R.L

 

 

 

CODISA – COMERCIO Y DISTRIBUCIÓN S.

 

 

 

COMERC. Y DIST. SAN IGNACIO DE LOYOLA S.A.

 

 

 

COMERCIAL CÓRDOVA S.R. LTDA.

 

 

 

COMERCIAL LI S.A.

 

 

 

COMERCIAL Y REPRESENTACION AQUINO

 

 

 

COMPAÑIA TÉCNICA DE PREPRESENTACIONES S.A.

 

 

 

CONSTRUCCIÓN MINERA INDUSTRIA – ABASTECIMI

 

4,536

 

CONSTRUCCIONES ELECTROM. IND. INGENIEROS S

 

 

 

CONSUL. ASERORS Y SERV. LIMA S.R.LTDA

 

 

 

CONSULTORÍA A S.A.C.

 

35,000

 

CONSULTORÍA SERVICIO Y REPRESENTACIONES

 

 

 

CONTR. CCACCYA Y GARCÍA SER MULT S.R.L.

 

 

 

CONTRATA MINERA LOS ANDES S.R.L.

 

 

 

CONTRATISTA ASOCIADO BUENA FORTULNA E.I..R.L.

 

 

 

CONTRATISTA MINERO INCHE E.I.R.L.

 

2,129

 

CONTRATISTAS MINEROS TECMIN S.R.L.

 

 

 

CONTROL AUTOMÁTICO DE MÁQUINAS INGS. S.A.

 

 

 

COOPERATIVA DE AHORRO Y CRÉDITO DE TRAB

 

 

 

CORPORAC SCORPION ING MIN Y CONSTR SAC

 

 

 

CORPORACIÓN DE RODAMIENTOS Y SERVIC. S.A.

 

 

 

CORTES BASTERES LIDIA R.

 

 

 

CREMSA – CONT. Y REP. ELECTROMECÁNICA

 

 

 

CURAS SOSA JUANA MAURA (TARMEÑITA)

 

 

 

D Y E DESARROLLO Y ECOLOGÍA S.A.C.

 

 

 

DY E DESARROLLO Y ECOLOGÍA SAC

 

 

 

DATA KIT S.A.

 

 

 

DAVID VÁSQUEZ NARVAEZ

 

14,189

 

DE LA CRUZ VASQUEZ OSWALDO

 

1,110

 

DEDICACIA TRUJILLO DE CHAMORRO

 

 

 

DEPÓSITOS S.A.

 

 

 

DIAMOND CORPORACIÓN S.A.

 

 

 

DICOMET S.R.L. – DISEÑO Y CONST. METAL

 

 

 

DIESEL POWER S.A.

 

 

 

DINÁMICA INDUSTRIAL S.A.

 

 

 

DISTRIBUIDORA SANTOS S.A.

 

 

 

DROKASA PERÚ S.A.

 

 

 

DYNO NOBEL DEL PERÚ S.A.

 

982

 

D M ASOCIADOS S.A.

 

 

 

 

62



 

 

DILBERTA NOEMÍ CASAS INGA (NEG. B&V)

 

 

 

EJECUTORES MINEROS & ASOCIADOS S.A.

 

 

 

EL PACÍFICO PERUANO SUIZA CÍA DE SEGUROS

 

 

 

EL TIGRE S.R.L.

 

 

 

(illegible) ECSA S.A.

 

 

 

ELECTRO CENTRO S.A.

 

4,119

 

ELECTRO SERVICE REPARACIONES S.A.C.

 

 

 

ELECTROCOM INGENIEROS S.A.C.

 

 

 

ELECTROCOMERCIAL GAMARRA S.A.

 

 

 

ELECTROIMIM S.A.

 

 

 

ELVIRA CHUQUIPOMA VÍLCHEZ

 

 

 

(illegible) EISA

 

 

 

EMP. DE SERV. DE SOLDADURA Y MINERA SCRL

 

 

 

EMP. NAC. DE FERROCARRILES S.A. – ENAFER

 

7,818

 

EMP. TRANSP. DE CARGA MAMANI OLIVARES E.I.

 

601

 

EMP. TRANPORTE CARHUALLANQUI HNOS. SAC

 

 

 

EMPRES DE TRANSPORTES PANORAMA S.R.L.

 

 

 

EMPRESA DE GENERACI, DE ENERG. ELECT. DEL C

 

 

 

EMPRESA DE TRANSP DE CARGA CHAMORRO SRL

 

10,521

 

EMPRESA DE TRANSP. TURISMO EXPRESS COMITÉ 2

 

331

 

EMPRESA MINERA DEL CENTRO DEL PERÚ S.A.

 

 

 

EMPRESA MINERA LOS QUENUALES S.A.

 

 

 

EMPRESA MINERA NATIVIDAD S.A.

 

 

 

EMPRESA SAN PEDRO CONTRATISTAS GEN S.R.L.

 

50

 

EMPRES TRACKLERA MINERA S.A.C.

 

 

 

EMSETEL RICALDI E.I.R.L.

 

 

 

ENERGÍA NEUMÁTICA COMERCIAL E.I.R.

 

 

 

ENRIQUE SABOGAL Y CÍA

 

 

 

ERSA GLOBAL USA, INC.

 

 

 

ESPINOZA ASOCIADOS S.A. ESPIASA

 

 

 

ESPINOZA GARRETA RAMÓN A.

 

 

 

ESPINOZA VALENZUELA JULIO T.

 

 

 

ESQUIVEL MEJÍA BASILIA MARCELINA (VENTA

 

 

 

ESTUDIO CORTEZ Y MASSA S.C.R.LTDA

 

 

 

ESTUDIO CHEANDÍA CHIAPPE ABOGADOS

 

 

 

(illegible) S.A.

 

4,000

 

FAMAINSA E.I.R.L.

 

 

 

FAMESA EXPLOSIVOS S.A.C.

 

9,034

 

EJECUTIVOS S.AC.

 

 

 

FERRETERÍA FIGALLO S.R.L.

 

 

 

FERROXIGAS EIRL

 

1,594

 

FORJA PERUANA S.A.

 

 

 

FRENOS MARANGA S.A.AC

 

 

 

FUNCION Y FORMA CONSTRUCTORA S.A.C.

 

 

 

FUNDICIÓN CENTRAL S.A.

 

 

 

FUNDICIÓN EL VENCEDOR S.A. (FUNVENSA)

 

 

 

(illegible) LTECH GROUP S.A.C

 

 

 

 

63



 

galvÁn ponce graciela

 

 

 

gestiÓn y ejecuciÓn de proyectos ambient

 

 

 

GREGORIO BENDEZÚ RODRIGO-CONTRATISTA GUILLERMO

 

 

 

PANDURO SILVERIO PRAXAIR

 

 

 

H.M. REPRESENTACIONES E.I.R.L.

 

447

 

HANSA INTERCOM S.A.

 

 

 

HIDRÁULICA NEUMÁTICA INDUSTRIAL S.A.

 

 

 

HOBANDAS S.A.

 

 

 

IMPORTACIONES Y NEGOCIACOINES GRLS. S.A.I.

 

 

 

IMPORTADORA DE RODAMIENTOS S.A. (IMPOROD)

 

 

 

IMPORTADORA SAN ALFONSO S.A. (ISASA)

 

 

 

INCISIO FLORES ANA MELVA

 

1,394

 

INDECAUCHO S.A.

 

 

 

INDECO S.A.

 

 

 

INDUSTRIA METÁLICA W.E.T.S.A.C. / IMWETS.A.

 

 

 

INDUSTRIAS ALBO S.A.

 

 

 

INDUSTRIAS DEL CONGELADO S.A.

 

 

 

INDUSTRIAS J Y M SRLTDA

 

 

 

INGARUCA DE ESTRELLA FAUSTINA

 

 

 

INKALLANTAS S.A.

 

 

 

INMECO INTERNACIONAL S.A.

 

 

 

INNOVA ANDINA S.A. “ANTES ROCSA”

 

 

 

INSERVIS

 

 

 

INSPECTORATE GRIFFITH LTD

 

 

 

INSTALACIONES Y SERVICIOS S.A.

 

 

 

INSTITUTO DE INGENIEROS DE MINAS DEL PERÚ

 

 

 

INSTITUTO PERUANO DE ADMINISTRAClÓN DE EM

 

 

 

INTER EMPRESAS S.A.

 

1,745

 

INTERNACIONAL CAUCHO E.I.R.L.

 

 

 

INVERSIONES PRODALSA S.A.

 

 

 

INVERSIONES QUIMICAS E.I.R.L.

 

 

 

INVESTIGACIONES MINERA METALÚRGICAS EIR

 

 

 

(illegible) INGENIEROS S.A.C.

 

 

 

J ANTONIO VEA ERAUSQUIN

 

 

 

J INTERMEDIADORES S.R.L.

 

 

 

J. MENDOZA Y ASOCIADOS S.A.

 

 

 

J. RAMÓN DEL PERÚ S.A.C.

 

1,423

 

J. TRADING S.A.C.

 

 

 

JOSÉ ANTONIO INCISO FLORES

 

 

 

JOSÉ V. MOLFINO S.A. AGENCIA DE ADUANA

 

 

 

(illegible) SEGUNDO ASTETE M. TRANSPORTISTA

 

 

 

JUÁREZ SERVICE E.I.R.L.

 

 

 

K&L INGENIEROS SRL

 

 

 

KBO INTENATIONAL PERÚ S.A.C.

 

 

 

(illegible) CONTRATISTAS GENERALES S.C.R.L.

 

 

 

LA CASA DEL GRIFERO S.A.

 

 

 

LA POCAR E.I.R.L.

 

269

 

 

64



 

 

LATINA SEGUROS (SULAMERICA) 01.10.04

 

 

 

(illegible) INOX S.A.C

 

 

 

(illegible) S.A

 

 

 

LIBRERÍA “YULY”

 

 

 

LORENZO GÓMEZ RICAPA

 

 

 

LOS GUGLIELMINO S.A.

 

 

 

(illegible) W SALAS S.A.

 

 

 

M&M INGENIEROS CONTRATISTAS S.A.C.

 

994

 

MAC GROUP S.A.C.

 

 

 

MACROSEL PERÚ S.R.L.

 

 

 

MAGNATRADE CORPORATION

 

 

 

MÁLAGA WEBB& ASOCIADOS S.R.L.

 

 

 

MALLAUPOMA ACHICHUAMANTITO (MEINSA)

 

 

 

MALLAUPOMA ACHICHUAMANTITIO (MEINSA COM.)

 

 

 

MANCHURIS S.A.C.

 

 

 

MANUFACTURAS INDUST. METAL MECÁNICA NAC.S

 

 

 

(illegible) SINSA S.R.LTDA

 

 

 

(illegible) TAMORROS BARRETO MATILDE

 

 

 

MC INGENIEROS EIRL

 

 

 

MERCANTIL S.A.

 

 

 

MERPEL TRADING S.A.

 

 

 

MINERA ALMAX S.A.C.

 

 

 

MINERA CENTRO S.A.C

 

2,000

 

MINERA CODICIADA S.A – MICSA

 

 

 

MINERA FCRUZ AZUL CORPORATION S.A.C

 

 

 

MINES TOP SRL

 

 

 

MITSUI DEL PERÚ S.A.

 

 

 

MODESTO RICALDI CASO

 

 

 

MULTIEXPORT S.A.

 

 

 

MULTISERVICIOS EL ASESOR

 

 

 

MYREL S.A. / MATERIALES Y REPRESENT. ELECTR

 

395

 

NEGOCIACIONES CVQ

 

 

 

NORABUENA GUILLÉN DAVID

 

 

 

NORMILL S.A.C.

 

 

 

NÚÑEZ Y ASOCIADOS S. CIVIL

 

 

 

(illegible)

 

 

 

ONCOSALUD S.A.

 

 

 

O-NEGESA ORGANIZACIÓN – NEGOCIOS GRALES, S

 

 

 

OVALQUÍMICA S.A.

 

 

 

PEGASUS 2001 E.I.R.L.

 

 

 

PELÁEZ QUIROZ JORGE LUIS

 

 

 

PERNOS S.R.L.

 

 

 

PLINIO VÍLCHEZ

 

505

 

POLIURETANOS S.A.

 

 

 

PONCE S.A.

 

 

 

PRODUCTOS CHILENOS DEL ACERO LTDA.

 

 

 

PRODUCTOS DE ACERO CASSADO S.A.

 

 

 

PROTEVISE SR LTDA

 

 

 

 

65



 

PROYECTOS Y FAB METAL MEC ELECT IND SRL

 

 

 

psi del perÚ s.a.

 

 

 

(illegible) INGENIEROS S.A.

 

 

 

PUCUHAYLA CÁRDENAS JORDY ANDRÉS

 

 

 

PUCUHUAYLA LÓPEZ JUSTO

 

 

 

QUÍMICA ANGLO PERUANA S.A.A

 

 

 

QUÍMICA SUIZA S.A.

 

 

 

(illegible)INGENIEROS EIRL

 

 

 

RALDI S.R.L.

 

 

 

RANSA COMERCIAL S.A.

 

 

 

(illegible) CONEG S.R.L.

 

 

 

RECUBRIMIENTOS Y MOLDEADOS S.R.L. (REMOL)

 

 

 

RELATCH S.R.L.

 

 

 

REPARACIÓN EQUIPOS MINEROS S.A.C.

 

179

 

REPRESENTACIONES COPACABANA S.R.L.

 

 

 

REPRESENTACIONES GENERALES JOGUGISA

 

 

 

REPSOLCOMERCIAL SAC

 

 

 

REPUESTOS RAMÓN S.A.

 

 

 

RESINAS Y ADITIVOS S.A.

 

 

 

RESINES CÓRDOVA ÁUREO

 

475

 

RINFESA S.R.L.

 

 

 

RIVAS CURA ELVA VIOLETA

 

589

 

RODAMIENTOS DEL CENTRO S.A.C.

 

822

 

RODAMIENTOS DEL SUR S.R.LTDA

 

 

 

RODAMIENTOS Y REPRESENTACIONES RODI

 

 

 

RODAMIENTOS Y REPUESTOS S.A.C. – RODARESA

 

 

 

RPTOS OROYA, J. ALIAGA DE VARILLAS

 

 

 

SAMEX S.A.

 

 

 

SEDECO COMERCIAL S.A.C.

 

 

 

SER. TERM. ELECTROMECÁNICOS E.I.R.L.

 

 

 

SERBOMIN. S.R.LTDA

 

 

 

SERGEMINT

 

1,224

 

SERICOM E.I.R.L.

 

 

 

SERV. DE SEGURIDAD IND. MEDIO AMBIENTE E

 

 

 

SERV. INTEG. DE INGEN. Y MEDIO AMB. S.R.L. – S

 

 

 

SERV. MINEROS Y COMERC. DEL PERÚ SRL – SERM

 

 

 

SERV. TÉCNICOS MINEROS Y COMERCIALES S.A.

 

 

 

SERVICIO DE VIGILANCIA PRIVADA S.R. LTDA

 

 

 

SERVICIOS IND. DE JULIO M. ROMERO ESCOBAR

 

 

 

SERVICIOS MECÁNICOS Y REPRESNT. TRACKLES

 

 

 

SERVICIOS Y COMERCIO S.A.

 

 

 

SERVICIOS – IND. DE JULIO M. ROMERO ESCOBAR

 

 

 

SERVIMUL VADE E.I.R.LTDA

 

 

 

SETRANSCA S.A.

 

 

 

SGS DE. PERÚ S.A.C.

 

 

 

SIDERAL COMPANIA MINERA S.A.C.

 

 

 

SILVA RAMOS JUAN

 

 

 

SOCIEDAD INDUSTRIAL SINTÉTICA SAC-SISSA

 

 

 

 

66



 

(illegible) IMPEX S.A SOC. IMPORTADORA Y EXPORTAD

 

 

 

STANSA S.A.

 

7,078

 

STEDALA SKEGA S.A.A

 

 

 

T.J. CASTRO S.A.C

 

 

 

TECNOFIL S.A.

 

 

 

(illegible) MEC S.A.

 

 

 

TRANSPORTES LA ESPERANZA S.A.

 

 

 

TRANSPORTES HURTADO ROSALES E.I.R.LTDA.

 

617

 

TRANSPORTES JOMEV E.I.R.L

 

 

 

TRANSPORTES MANDUJANDO S.R.LTDA.

 

 

 

TRANSVER E.I.R.L.

 

 

 

UNELTE S.A.

 

 

 

(illegible) TECNOLOGÍA COMERCIAL S.A.

 

 

 

VANGUARDIA EN LLANTAS S.A.C. (VAN LLANTAS

 

 

 

VIJOSCHAM & CIA. S.A.

 

 

 

VLADIMIR CUBA

 

 

 

V Y M. CITSA – COROPORACIÓN IND. TRANSME

 

 

 

(illegible) ESE REPRESENTACIONES S.A.

 

 

 

YALE AUSACO S.A.

 

 

 

 

 

 

 

TOTAL SUPPLIERS

 

121,984

 

 

3.2 Accruals

 

 

US$

 

SECURITY DEPOSITS

 

 

 

SETRANSCA S.A.

 

 

 

CONTRATISTA GENERAL DE MINAS S.R.L.COGE

 

 

 

SERVICIO DE VIGILANCIA PRIVADA S.R.LTDA.

 

16,365

 

C Y V INGENIEROS S.R.LTDA

 

 

 

ENRIQUEZ G. CONTRATISTAS MINEROS E.I.R.L.

 

7,250

 

CONTRATISTAS MINEROS HERMANOS ENRÍQUEZ S

 

17,846

 

J.A. INGENIEROS S.A.C

 

 

 

CODECEN S.R.L.

 

 

 

TRANSPORTES IVANA LOBATÓN CASABLANCA TRADING S.A.

 

 

 

ETRASEMS HC E.I.R.L.

 

 

 

MINERA MILAGROS S.R.L.

 

 

 

DE LA CRUZ VÁSQUEZ OSWALDO

 

 

 

L.A. CONTRATISTAS GENERALES S.C.R.L.

 

 

 

DESIDERIO BELTRÁN LERMO

 

 

 

CONTRATA MINERA SAN PEDRO EIRL

 

 

 

CONTR. TRAB. MINEROS Y CIV.NACIONAL EIRL

 

 

 

INGEN. CONTRATISTAS GEN. FORTAL EIRL

 

 

 

BENITO DE LA CRUZ WILFREDO

 

 

 

EMP. DE SERV.DE SOLDADURA Y MINERA SCRL

 

 

 

CODEMSA S.R.L.

 

 

 

CHICMANA INGENIEROS S.R.L.

 

 

 

CONTRATISTAS MINERO MAMANI E.R.L.

 

 

 

 

67



 

 

MINERA CRUZ AZUL CORPORATION S.A.C

 

 

 

SIDERAL COMPANIA MINERA S.A.C.

 

 

 

 

 

 

 

SERVICES SUBJECT TO LEGAL ACTION

 

 

 

HERADIO ZEA

 

2,170

 

LUIS LLANOS

 

5,106

 

 

 

 

 

UNINVOICED SERVICES AND OTHER ACCRUALS

 

 

 

SINDICATO TRABAJ.MINEROS AUSTRIA DUVAZ

 

157,927

 

EMPRESA MINERA DEL CENTRO DEL PERÚ S.A.

 

 

 

PROV INTERESES PROVEEDORES

 

 

 

NÚŇEZ Y ASOCIADOS SOC. CIVIL

 

 

 

ELECTRO CENTRO S.A.

 

 

 

TELEFÓNICA DEL PERÚ S.A.A.

 

 

 

BOLSA DE VALORES DE LIMA (Lima Stock Exchange)

 

 

 

MINERA CODICIADA S.A. – MICSA

 

 

 

ÁVILA DE BARRIENTOS PETRONILA

 

 

 

 

 

 

 

OUTSTANDING CHECKS

 

 

 

MISCELLANEOUS – OUTSTANDING CHECKS BCO WIESE

 

 

 

FOREIGN CURRENCY

 

 

 

MISCELLANEOUS – OUTSTANDING CHECKS NBK BANK

 

 

 

FOREIGN CURRENCY

 

 

 

MISCELLANEOUS – OUTSTANDING CHECKS NBK BANK

 

 

 

LOCAL CURRENCY

 

 

 

 

 

 

 

TOTAL ACCRUALS

 

206,664

 

 

68



Payroll payables

 

 

U$S

 

SALARIES PAYABLE

 

 

 

WORKERS – MINE *SUBSIDIES –98

 

 

 

 

 

 

 

ACCRUED VACATIONS PAYABLE

 

 

 

EMPLOYEES – LIMA

 

 

 

EMPLOYEES–MINA

 

 

 

PERMANENT WORKERS MINE

 

 

 

CONTRACTED WORKERS MINE

 

 

 

 

 

 

 

BONUSES PAYABLE

 

 

 

BONUS FOR LIMA EMPLOYEES

 

 

 

 

3.4 Others

 

 

 

 

 

 

 

Traders

 

 

 

AIDA MENDOZA SEGOVIA

 

 

 

VILMA GOMEZ CASAS

 

 

 

YOLANDA MALPARTIDA

 

 

 

DOGALDO LIMAYMANTA

 

154

 

EVER C. PACHECO ÑAUPARI(MESH HALL 3)

 

 

 

MEAT MARKET 2 – RODRIGUEZ DE MAYTA MAR

 

 

 

GUTIERREZ MANUEL – COMEDOR

 

 

 

MESH HALL 2- PACHECO ROJAS EDUARDO

 

 

 

 

 

 

 

Court-ordered deposit former workers

 

 

 

MOYA OROZCO HEVER

 

 

 

FORTUNATA LEVITA GUILLEN

 

 

 

RAMOS CARHUAPOMA EUSEBIO

 

 

 

AVILA INGA LUIS

 

 

 

 

 

 

 

Security deposits

 

 

 

ENRIQUEZ G. CONTRATISTAS MINEROS E.I.R.L

 

6,369

 

CONDEMIN E.I.R.L

 

370

 

CODECEN S.R.L. TDA

 

 

 

CODEMSA S.R.L

 

 

 

MINERA CRUZ AZUL CORPORATION S.A.C.

 

 

 

CONTRATA MINERA SAN PEDRO EIRL.

 

 

 

J Y F CONTRATISTAS GENERALES S.A.

 

 

 

MINERA M1LAGROS S.R.L.

 

 

 

MADEMEIN S.R.L.M. ALVAREZ

 

 

 

DESIDERIO BELTRÁN LERMO

 

 

 

CONTRATISTAS MINEROS TECMIN S.R.L

 

185

 

CONTRATISTA MINERO INCHE

 

 

 

J.A. INGENIEROS S.A.C.

 

 

 

 

69



 

SERVICIOS MULTIPLES BERNA S.A.(SERMUBE)

 

 

 

CTTA BENDEZU

 

 

 

CONTR, CCACYA Y GARCIA SER MULT S.R.L

 

 

 

SEGUNDINO ASTETE RICALDI *TRANSPORTI

 

 

 

JOSE HUAPAYA HUAPAYA CONTRATISTA

 

 

 

JUAN SEGUNDO ASTETE M.* TRANSPORTIST

 

 

 

 

 

 

 

Miscellaneous Obligations

 

 

 

MINISTRY OF ENERGY AND MINES

 

20,358

 

CONASEV

 

 

 

 

 

 

 

Compensation former workers

 

 

 

RODRÍGUEZ CASACHAGUA EDGARDO

 

 

 

SOTO COLLASOS ISAAC

 

 

 

RAMOS HUAMAN VIRGILIO

 

 

 

ANTONIO ASTO AURELIANO

 

 

 

RAMOS CASTRO VENANCIO

 

 

 

PANEZ POMACHAGUA FORTUNATO

 

 

 

 

 

27,436

 

 

TAX Liabilities

 

 

US$

 

TAX LIABILITIES

 

 

 

Tax instalment Payment(RESIT)

 

44,563

 

Tax instalment Payment under Article 36

 

 

 

Peruvian Tax Code

 

3,534

 

Supplementary workers risk insurance

 

0

 

Royalties

 

38,034

 

(illegible)Funds (AFP)

 

109,730

 

 

 

195,861

 

 

5. Third party debts

 

Chirstina D’ Ornellas

 

14,000

 

Luis Rodríguez Mariategui Canny

 

14,000

 

Miscellaneous

 

8,153

 

 

 

36,153

 

 

6.0 Other debts

 

 

 

US$

 

 

 

 

 

Father

 

—

 

 

 

70



EXHIBIT O

COMMUNICATION FORM FOR THE TRANSFER OF SHARE INTERESTS
IN THE MINING CONCESSIONS DETAILED IN POINT 2.2(a) (I)
OF THE MASTER AGREEMENT (“JUANITA”)

Notarized Letter

Lima, [·], 2006

Messrs.
Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo

Volcan Compania Minera S.A.A.

Attention:

 

General Managers

 

 

 

Reference:

 

Transfer of share interests issued by Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo

 

Dear sirs,

We hereby inform you that on [·], SOCIEDAD MINERA CENTENARIO S.A.C. has delivered to SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. (“DUVAZ”) an offer to purchase all the share interests held by DUVAZ in SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA JUANITA DE HUANCAYO, which are equivalent to 50% of its capital stock.

The consideration offered for the aforementioned transfer of share interests shall be the acceptance of a certain amount of liabilities or payment obligations of DUVAZ before third parties up to the amount of US$3,500,000 (Three Million Five Hundred Thousand US Dollars). The terms and other conditions for the transfer of share interests are contained in the Form of Agreement attached to this communication.

In this regard, and pursuant to the provisions set forth in Section 201 of the Consolidated Text of the Mining Law, approved by Supreme Executive Order 014-92-EM, we request you to inform of this communication to the other members of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA JUANITA DE HUANCAYO, within the term of three (3) business days following receipt hereof, so that within a term of fifteen (15) calendar days after being notified, they may exercise, if applicable, the right of first refusal established in said rule.

Any notice, request, consent or other communication to be sent in relation to this letter must be issued in writing as follows:

71



Messrs.

Sociedad Minera Austria Duvaz S.A.C.
Attention: Jaime Rodriguez Mariátegui Proaño
Av. José Gálvez Barrenechea 925, San Borja
LIMA 41 – PERU

 

CC :

 

Minera Centenario S.A.C.

 

 

Attention: Juan Pedro Rodriguez Mariátegui Blume

 

 

Charles Graham Preble

 

 

Av. José Gálvez Barrenechea 925, San Borja

 

 

Av. San Borja Norte 1302, San Borja

 

 

LIMA 41 – PERU

 

The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been carried out.

If the other members of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA JUANITA DE HUANCAYO fail to inform us of their intention to purchase the share interests of DUVAZ under the same or better conditions than those indicated within the term provided for by law, it shall be understood that they are not interested in the aforementioned acquisition, DUVAZ being entitled to transfer to SOCIEDAD MINERA CENTENARIO S.A.C. the share interests owned by our company issued by SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA JUANITA DE HUANCAYO.

Sincerely yours,

[·]

 

[·]

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

MINERA CENTENARIO S.A.C.

 

72



EXHIBIT O-1

COMMUNICATION FORM FOR THE TRANSFER OF SHARE INTERESTS
IN THE MINING CONCESSIONS DETAILED IN POINTS 3.1 (a1) (ii), 3.1 (a1) (III)
AND 3.1 (a1) (iv) (“GRANCERO”, “LOLA” AND “POBRE DIABLO”)

Notarized Letter

Lima, [·], 200  

Messrs.

Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo

Attention:

 

General Manager

 

 

 

Reference:

 

Transfer of share interests issued by Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo

 

Dear sirs,

We hereby inform you that on [·], MINERA PERÚ COPPER S.A. has delivered to SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. (hereinafter “DUVAZ”) an offer to purchase all the share interests held by DUVAZ in SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA GRANCERO DE HUANCAYO, which are equivalent to 33.33% of its capital stock.

The value agreed to be assigned to the 33.33% of the share interests of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA GRANCERO DE HUANCAYO, holder of the “Grancero” and “Lola” mining concessions amounts to US$1,988,600 (One Million Nine Hundred Eighty Eight Thousand Six Hundred US Dollars). The terms and other conditions for this transfer of share interests are contained in the Form of Agreement attached to this communication.

In this regard, and pursuant to the provisions set forth in Section 201 of the Consolidated Text of the Mining Law, approved by Supreme Executive Order 014-92-EM, we request you to inform of this communication to the other members of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA GRANCERO DE HUANCAYO, within the term of three (3) business days following receipt hereof, so that within a term of fifteen (15) calendar days after being notified, they may exercise, if applicable, the right of first refusal established in said rule.

Any notice, request, consent or other communication to be sent in relation to this letter must be issued in writing as follows:

73



Messrs.
Sociedad Minera Austria Duvaz S.A.C.
Attention: Jaime Rodriguez Mariátegui Proaño
Av. José Gálvez Barrenechea 925, San Borja
LIMA 41–PERU

CC :

 

Minera Perú Copper S.A.

 

 

Attention: Charles Graham Preble

 

 

Av. San Borja Norte 1302, San Borja

 

 

LIMA 41 – PERU

 

The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been carried out.

If the other members of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA GRANCERO DE HUANCAYO fail to inform us of their intention to purchase the share interests of DUVAZ under the same or better conditions than those indicated within the term provided for by law, it shall be understood that they are not interested in the aforementioned acquisition, DUVAZ being entitled to transfer to MINERA PERÚ COPPER S.A. the share interests owned by our company issued by SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA GRANCERO DE HUANCAYO.

Sincerely yours,

[·]

 

[·]

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

MINERA PERÚ COPPER S.A.

 

74



 

Notarized Letter

Lima, [·], 200  

Messrs.
Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo

Attention:

 

General Manager

 

 

 

Reference:

 

Transfer of share interests issued by Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo

 

Dear sirs,

We hereby inform you that on [·], MINERA PERÚ COPPER S.A. has delivered to SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. (“DUVAZ”) an offer to purchase all the share interests held by DUVAZ in SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA POBRE DIABLO DE HUANCAYO, which are equivalent to 20% of its capital stock.

The value agreed to be assigned to the 20% of the share interests of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA POBRE DIABLO DE HUANCAYO amounts to US$326,000 (Three Hundred Twenty Six Thousand US Dollars). The terms and other conditions for the transfer of share interests are contained in the Form of Agreement attached to this communication.

In this regard, and pursuant to the provisions set forth in Section 201 of the Consolidated Text of the Mining Law, approved by Supreme Executive Order 014-92-EM, we request you to inform of this communication to the other members of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA POBRE DIABLO DE HUANCAYO, within the term of three (3) business days following receipt hereof, so that within a term of fifteen (15) calendar days after being notified, they may exercise, if applicable, the right of first refusal established in said rule.

Any notice, request, consent or other communication to be sent in relation to this letter must be issued in writing as follows:

Messrs.

Sociedad Minera Austria Duvaz S.A.C.
Attention: Jaime Rodriguez Mariátegui Proaño
Av. José Gálvez Barrenechea 925, San Borja
LIMA 41 – PERU

CC :

 

Minera Perú Copper S.A.

 

 

Attention: Charles Graham Preble

 

 

Av. San Borja Norte 1302, San Borja

 

 

LIMA 41–PERU

 

75



The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been carried out.

If the other members of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA POBRE DIABLO DE HUANCAYO fail to inform us of their intention to purchase the share interests of DUVAZ under the same or better conditions than those indicated within the term provided for law, it shall be understood that they are not interested in the aforementioned acquisition, DUVAZ being entitled to transfer to MINERA PERÚ COPPER S.A. the share interests owned by our company and issued by SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA POBRE DIABLO DE HUANCAYO.

Sincerely yours,

[·]

 

[·]

SOCIEDAD MINERA AUSTRIA DUVAZ  S.A.C.

 

MINERA PERÚ COPPER S.A.

 

76



 

EXHIBIT P

COMMUNICATION FORM FOR THE TRANSFER OF ALIQUOTS
TO CO-OWNERS OF THE CONCESSIONS DETAILED IN POINTS 2.2 (a) (ii) AND
2.2 (a) (iii) (“LA DEMÓCRATA” AND “MARIA CELINA”)

Notarized Letter

Lima, [·], 2006

Messrs.
[Specify the name of the recipient]

Reference:

 

Transfer of aliquots in “La Demócrata” and “Maria Celina” mining concessions

 

Dear sirs,

We hereby inform you that on [·], SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. (hereinafter “DUVAZ”) has entered into an agreement for the transfer of the title to the aliquots owned by it in “La Demócrata” and “Maria Celina” mining concessions, in favour of SOCIEDAD MINERA CENTENARIO S.A.C.

As you are aware, the mining concessions called “La Demócrata” and “Maria Celina” were jointly owned by DUVAZ and you, DUVAZ being granted the rights and shares of one aliquot equivalent to 33.33% of the aforementioned concessions.

By virtue of the transfer made, MINERA CENTENARIO S.A.C. is now the holder of the above-mentioned aliquot equivalent to 33.33% of the mining concessions called “La Demócrata” and “Maria Celina”, respectively. This transfer has been registered in [·] (1)

Any notice, request, consent or other communication to be sent in relation to this letter must be issued in writing as follows:

Messrs.
Sociedad Minera Austria Duvaz S.A.C.
Attention: Jaime Rodriguez Mariátegui Proaño
Av. José Gálvez Barrenechea 925, San Borja
LIMA 41 – PERU

CC :

 

Minera Centenario S.A.C.

 

 

Attention: Juan Pedro Rodríguez Mariátegui Blume

 

 

Charles Graham Preble

 

 

Av. José Gáalvez Barrenechea 925, San Borja

 

 

Av. San Borja Norte 1302, San Borja

 

 

LIMA 41-PERU

 

(1) Details of the filing with the Public Records Office.

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The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been carried out.

Sincerely yours,

[·]
SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

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EXHIBIT P-1

COMMUNICATION FORM FOR THE TRANSFER OF ALIQUOTS
TO CO-OWNERS OF THE CONCESSION DETAILED IN POINT 3.1 (a1) (I)
(“CALABAZA”)

Notarized Letter

Lima, [·], 200  

Messrs.

[Specify the name of the recipient]

Reference: Transfer of aliquots in the “Calabaza” mining concession

Dear sirs,

We hereby inform you that on [·], SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. (hereinafter “DUVAZ”) has entered into an agreement for the transfer of assets, including the aliquots owned by it in the “Calabaza” mining concession, in favour of MINERA PERÚ COPPER S.A.

As you are aware, the mining concession called “Calabaza” was jointly owned by DUVAZ and you, DUVAZ being granted the rights and shares of one aliquot equivalent to 33.33% of the aforementioned concession.

By virtue of the transfer made, MINERA PERÚ COPPER S.A. is now the holder of the above-mentioned aliquot equivalent to 33.33% of the mining concession called “Calabaza”. This transfer has been registered in [·] (2)

Any notice, request, consent or other communication to be sent in relation to this letter must be issued in writing as follows:

Messrs.
Sociedad Minera Austria Duvaz S.A.C.
Attention: Jaime Rodriguez Mariátegui Proaño
Av. José Gálvez Barrenechea 925, San Borja
LIMA 41 – PERU

CC :

 

Minera Perú Copper S.A.

 

 

Attention: Charles Graham Preble

 

 

Av. San Borja Norte 1302, San Borja

 

 

LIMA 41 – PERU

 

The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been executed.

(2) Details of the filing with the Public Records Office.

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Sincerely yours,

[·]
SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

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EXHIBIT P-2

FORM OF NOTICE FOR EXERCISING OF THE RIGHT OF REVOCATION
OF THE CO-OWNERS OF THE CONCESSIONS DETAILED IN POINTS 2.2 (a) (ii)
AND 2.2 (a) (iii) (“LA DEMÓOCRATA” AND “MARIA CELINA”)

NOTICE

Pursuant to the provisions set forth in Section 1596 of the Civil Code, we hereby inform the heirs of Tomás MARSANO GUTIÉRREZ and Clotilde CAMPODÓNICO Vda. DE MARSANO: Ernesto LEGUIA SERVAT, Carlos LEGUlA SERVAT, Tomás LEGUlA SERVAT, Rossana LEGUlA SERVAT, Tomás Héctor MATTELLINI MARSANO, Raymundo MORALES DASSO, Delia REVOREDO MARSANO, Jaime REVOREDO MARSANO. Susana LA ROSA Vda. DE DEACON, Luis A. DEACON LA ROSA, Maria Catalina ILICH Vda, DE DEACON, Gustavo DEACON ILICH, Alejandro DEACON ILICH, Maria Catalina DEACON ILICH, Maria Catalina DEACON ILICH (sic), Maria Clotilde DEACON ILICH, Carlos Eugenio DEACON ILICH, Carmen MARSANO PORRAS, Maria Teresa CONROY DE MARSANO, Andrés MARSANO CONROY, Verónica MARSANO CONROY, Claudia MARSANO CONROY, Violeta DE LA ROSSA Vda. DE MARSANO, Tomás Victor MARSANO DELLA ROSSA, Violeta MARSANO DELLA ROSSA, Enrique MARSANO DELLA ROSSA, Marco Antonio GUEZZI VARGAS, Sandra GARCIA MARSANO, Antonella GUEZZI MARSANO and Matilde MARSANO MIRO QUESADA, the following:

On [·], SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. and SOCIEDAD MINERA CENTENARIO S.A.C. entered into an Agreement for the Transfer of the Title to the aliquots in the “Maria Celina” and “La Demócrata” mining concessions, jointly owned by DUVAZ and the heirs of Tomás MARSANO GUTIÉRREZ and Clotilde CAMPODÓNICO Vda. DE MARSANO, SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. being granted the rights and shares on the 33.33% of each one of the aforementioned mining concessions.

Consequently, by virtue of the transfer made, SOCIEDAD MINERA CENTENARIO S.A.C. is now the holder of the above-mentioned aliquots equivalent to 33.33% of the mining concessions called “Maria Celina” and “La Demócrata”. These transfers have been registered in [·](3)

Any notice, request, consent or other communication to be sent in relation to this notice must be issued in writing as follows:

Messrs.
Sociedad Minera Austria Duvaz S.A.C.
Attention: Jaime Rodriguez Mariátegui Proaño
Av. José Gálvez Barrenechea 925, San Borja

(3) Details of the filing with the Public Records Office.

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CC :

 

Sociedad Minera Centenario S.A.C.

 

 

Attention: Juan Pedro Rodriguez Mariátegui Blume

 

 

Charles Graham Preble

 

 

Address: Av. José Gálvez Barrenechea 925, San Borja

 

 

Av. San Borja Norte 1302, San Borja

 

 

LIMA 41 – PERU

 

The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been carried out.

Lima, [·], 2006

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

SOCIEDAD MINERA CENTENARIO S.A.C.

 

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EXHIBIT P-3

FORM OF NOTICE FOR EXERCISING THE RIGHT OF REVOCATION
OF THE CO-OWNERS OF THE CONCESSION DETAILED IN POINT 3.1 (a1) (i)
(“CALABAZA”)

NOTICE

Pursuant to the provisions set forth in Section 1596 of the Civil Code, we hereby inform the heirs of Tomás MARSANO GUTIÉRREZ and Clotilde CAMPODÓNICO Vda. DE MARSANO: Ernesto LEGUlA SERVAT, Carlos LEGUlA SERVAT, Tomás LEGUlA SERVAT, Rossana LEGUlA SERVAT, Tomás Héctor MATTELLINI MARSANO, Raymundo MORALES DASSO, Delia REVOREDO MARSANO, Jaime REVOREDO MARSANO, Susana LA ROSA Vda. DE DEACON, Luis A. DEACON LA ROSA, Maria Catalina ILICH Vda. DE DEACON, Gustavo DEACON ILICH, Alejandro DEACON ILICH, Maria Catalina DEACON ILICH, Maria Catalina DEACON ILICH (sic), Maria Clotilde DEACON ILICH, Carlos Eugenio DEACON ILICH, Carmen MARSANO PORRAS, Maria Teresa CONROY DE MARSANO, Andrés MARSANO CONROY, Verónica MARSANO CONROY, Claudia MARSANO CONROY, Violeta DE LA ROSSA Vda. DE MARSANO, Tomás Victor MARSANO DELLA ROSSA, Violeta MARSANO DELLA ROSSA, Enrique MARSANO DELLA ROSSA, Marco Antonio GUEZZI VARGAS, Sandra GARCÍA MARSANO, Antonella GUEZZI MARSANO and Matilde MARSANO MIRO QUESADA, the following:

On [·], SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. and MINERA PERÚ COPPER S.A. entered into an Agreement for the Transfer of Assets, which include the aliquots held by DUVAZ in the “Calabaza” mining concession, which were jointly owned by DUVAZ and the heirs of Tomás MARSANO GUTIÉRREZ and Clotilde CAMPODÓNICO Vda. DE MARSANO, SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. being granted the rights and shares on the 33.33% of the aforementioned mining concession.

Consequently, by virtue of the transfer made, MINERA PERÚ COPPER S.A. is now the holder of the above-mentioned aliquot equivalent to the 33.33% of the mining concession called “Calabaza”. This transfer has been registered in [·](4)

Any notice, request, consent or other communication to be sent in relation to this notice must be issued in writing as follows:

Messrs.
Sociedad Minera Austria Duvaz S.A.C
Attention: Jaime Rodriguez Mariátegui Proaño
Address: Av. José Gálvez Barrenechea 925, San Borja

(4) Details of the filing with the Public Records Office.

83



 

CC :

 

Minera Perú Copper S.A.

 

 

Attention: Charles Graham Preble

 

 

Address: Av. San Borja Norte 1302, San Borja

 

The communications sent to addresses and persons other than those mentioned herein shall be considered as if they would have not been carried out.

Lima, [·], 200  

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

MINERA PERÚ COPPER S.A.

 

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EXHIBIT Q

FORM OF AGREEMENT FOR THE TRANSFER OF SHARE INTERESTS
IN S.M.R.L. JUANITA DE HUANCAYO

You are hereby requested in your capacity as Notary Public to enter in your Notarial Record Book one evidencing the Agreement for the Transfer of Share Interests (the “Agreement”) entered into by and between SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C., identified by Tax ID Number (RUC) 20100102171, with principal place of business for the purposes hereof at Av. José Gálvez Barrenechea 925, San Borja, acting by and through Jaime RODRIGUEZ MARIÁTEGUI PROANO, identified by National Identity Card (DNI) 09154499, and Gonzalo RODRIGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 09877652, as per powers of attorney filed on Entry 11392644 of the Registry of Companies in and for Lima and EI Callao (hereinafter “DUVAZ”); and SOCIEDAD MINERA CENTENARIO S.A.C., identified by Tax ID Number (RUC) 20513328223, with principal place of business at Av. Josė Gálvez Barrenechea 925, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967, and Juan Pedro RODRÍGUEZ MARIÁTEGUI BLUME, Identified by National Identity Card (DNI) 10266797, as per powers of attorney filed on Entry 11879479 of the Registry of Companies in and for Lima and EI Callao, (hereinafter “CENTENARIO”), under the following terms and conditions:

ONE: Recitals

DUVAZ is the holder of 50% of the share interests of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA JUANITA DE HUANCAYO, holder of the “Juanita” mining concession, with single code 08001163Y01, with an area of 5.6348 ha., and recorded on Entry 02006655 of the Public Records Office in and for Lima and EI Callao, located in the District of Morococha, Province of Yauli, Department of Junin (the “Share Interests”).

The holder of the remaining 50% of the share interests of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA JUANITA DE HUANCAYO is VOLCAN COMPANIA MINERA S.A.A.

On March 16, 2006, DUVAZ, MINERA PERÚ COPPER S.A. (“MPC”), a corporation organized in Peru that is a shareholder of CENTENARIO and others, entered into the Master Agreement (hereinafter the “Master Agreement), aimed at regulating the transfer of several mining concessions owned by DUVAZ. As consideration thereof, it was established MPC’s obligation to pay DUVAZ’s obligations to different creditors, as established in Exhibit F to the said Master Agreement (“Exhibit F”), among others.

TWO: Purpose

In accordance with the provisions of Section 202 of the Mining Law, DUVAZ hereby transfers to CENTENARIO the title to the share interests in exchange for the payment

85



of the consideration indicated in Article Three, under all other terms and conditions stipulated in the Agreement.

The parties represent that, prior to this transfer, they have offered the Share Interests to VOLCAN COMPANIA MINERA S.A.A. in accordance with the notarized letter that you Mr. Notary are hereby requested to insert herein, in compliance with the provisions of Section 201 of the Mining Law.

THREE: Consideration

The parties hereto agree that, as consideration for the transfer of the Share Interests hereunder, CENTENARIO shall cause MPC to assume obligations before DUVAZ’s creditors up to the amount of US$3,500,000 (Three Million Five Hundred Thousand US Dollars).

The aforementioned consideration to be paid by MPC on account of CENTENARIO shall be furnished to DUVAZ’s creditors within the first six (6) months after the payment obligation is created for MPC with respect to the debts foreseen to be paid during the first year of Exhibit F.

FOUR: Termination

DUVAZ may automatically terminate the transfer of the Share Interests subject matter hereof if MPC fails to promptly pay any of the debts assumed by virtue of the preceding article, for which purpose, it shall suffice that DUVAZ notifies CENTENARIO by means of a notarized letter of its decision to terminate the Agreement.

FIVE: Miscellaneous Provisions

5.1                                 Waiver of rights

Any non-compliance or delay by one of the parties in exercising any right contemplated herein shall not be deemed a waiver of such right. No waiver of a right contemplated herein shall be considered to have been made, unless such waiver is recorded in writing.

5.2.                              Notices

Any and all notices, requests, demands and any other communication required by or which may be sent under this Agreement shall be served in writing to the following addresses, fax number (with acknowledgment of receipt) or by registered mail, as follows:

To CENTENARIO

Attention:                                                                         Charles Graham Preble

Juan Pedro Rodriguez Mariátegui Blume

Address:                                                                              Av. San Borja Norte 1302, San Borja

Av. José Gálvez Barrenechea 925, San Borja

86



Telephone:

Fax:

E-mail:

To DUVAZ

Attention:                                Jaime Rodriguez-Mariátegui Proańo

Address:                                      Av. José Gálvez Barrenechea 925, San Borja

Telephone:

Fax:

E-mail:

Any change in the address or in any data of the parties shall only take effect if it is notified in writing to the other party at least ten (10) calendar days in advance of the date the change of address must take place.

If any of the requirements set forth in the preceding paragraph is not complied with, the change in address or in data shall not take effect and shall not be enforceable against the parties. Under this assumption, any and all communications and notices are to be sent to the addresses, fax numbers and persons stated in this Point, considering them validly and effectively served.

5.3                              Assignment of contract

None of the parties may assign its interest in this Agreement without the prior written consent of the other party.

5.4                              Headings

The headings of the Articles have been inserted for convenience only and in no case shall they affect the application or interpretation thereof, since the full text of the Article and the general purpose of this Agreement shall govern.

5.5                              Partial Nullity

The invalidity, nullity or voidability of any Article or section hereof shall not affect or impair the enforceability of the remaining Articles hereof. Furthermore, it is the intention of the parties to replace any invalid, ineffective or voidable term, section or Article for a valid and enforceable Article or section in terms that are as similar as possible to those of the Invalid, ineffective or voidable Article or section.

Accordingly, in the event that any section or Article of the Agreement is declared invalid or unenforceable by a competent court, judge, authority or arbitrator, the parties shall agree on their replacement for another valid Article, but with terms and effect that are as similar as possible to those of the original Article.

87



SIX: Applicable Law and Jurisdiction

6.1          Applicable Law

This Agreement shall be governed and interpreted in accordance with the laws of the Republic of Peru.

6.2          Applicable Jurisdiction

The parties hereby convene that they shall, through direct negotiation and in good faith, settle any dispute or controversy arising between them in relation to the interpretation, execution, validity or efficacy of this Agreement.

Should the parties in dispute fail to reach an agreement within a term of fifteen (15) calendar days, the dispute shall be settled by De Jure Arbitration, at the request of either party, subject to the following rules:

(a)         The arbitration shall be conducted by an arbitration court consisting of three (3) members.

(b)        The arbitration shall be conducted in accordance with the Procedural Regulations of the National and International Settlement and Arbitration Center of the Lima Chamber of Commerce (hereinafter the “Center”), and in absence thereof, pursuant to the rules established by the arbitrators.

(c)         Each party shall appoint an arbitrator and the third arbitrator shall be appointed by the arbitrators thus designated. The third arbitrator shall preside over the arbitration court.

Failure by either of the parties to appoint their respective arbitrators within a term of ten (10) calendar days as from the date on which they are notified by the other party of their intention to adopt this article, designating their respective arbitrator, the arbitrator shall be appointed by the Center.

Furthermore, failure by the two (2) appointed arbitrators to designate the third arbitrator within a term of ten (10) calendar days, as from the date of appointment of the latter arbitrator, the third arbitrator shall be appointed by the Center.

(d)        In the event that a replacement arbitrator needs to be designated for any reason whatsoever, he shall be designated following the same procedure established for the designation of the arbitrator being replaced.

(e)         Initially, the fees of the arbitrators must be paid by the parties in equal proportions. After the issue of the arbitration award, the unsuccessful party must reimburse said fees to the other, pursuant to the provisions set forth in

88



paragraph (g) of this Article and to the provisions contained in the arbitration award.

Without prejudice to the provisions established in the preceding paragraph, the parties convene that should any counterclaim be filed during the conduction of the arbitration proceeding, to increase the fees initially fixed by the arbitrators, the party proposing such counterclaim must exclusively pay the said additional fees. If the party proposing the counterclaim fails to pay such fees, the arbitration proceeding shall continue its course as if said counterclaim had never been filed.

It is hereby established that should the party proposing the counterclaim be favoured with the issue of the final award, it shall also be entitled to the reimbursement of the additional fees of the arbitrators, pursuant to the provisions established in paragraph (g) of this Article and to the provisions contained in the arbitration award.

(f)           The costs incurred for the production of evidence during the conduction of the proceeding shall be borne by the party offering the evidence, without prejudice to the right to be reimbursed for said costs, pursuant to the provisions established in paragraph (g) of this Article and to the provisions contained in the arbitration award.

(g)        The costs and fees of the arbitration shall be borne by the unsuccessful party, including the fees of the arbitrators, the legal advisors and any other cost or expense derived from the conduction of said proceeding. The arbitration award must include its provisions on this requirement.

(h)        The arbitration court shall have a term of ninety (90) business days, as from the date of its installation to issue the respective arbitration award, which shall be final and conclusive. The arbitration court may extend the term to issue the arbitration award for up to thirty (30) additional business days.

The parties may mutually agree to request the arbitration court to order an extension of the proceeding as many times as they may deem pertinent and for the terms that they may deem convenient, in which case, the arbitration court may increase the amount of its fees.

Furthermore, the arbitration court may be entrusted to accurately settle the dispute.

(i)            The parties agree that should either of them file a motion to annul or challenge the arbitration award, it will be required to grant a joint and several letter of guarantee issued by a prime bank in favour of the other, in the amount of US$100,000 (One Hundred Thousand US Dollars). The referred Letter of Guarantee shall be granted prior to filing any appeal of this kind and shall remain in force for a minimum of one (1) year and the secured party must renew it in the event that the process for annulment has not ended

89



within the original term of the Letter of Guarantee. The Letter of Guarantee shall be kept by a notary public in and for Lima selected by the party granting it. The notary public shall be instructed not to deliver the Letter of Guarantee to the other party, unless a firm and final court ruling has been issued against the party that filed the appeal to challenge the arbitration award.

The letter of guarantee shall be returned to the party that filed the appeal for annulment or challenge, only if it ends with a firm and final court ruling in favour of said party. Otherwise, the letter of guarantee shall be executed in favour of the party that filed no appeal and shall be considered a penalty by the parties. The penalty referred to herein shall not curtail the amount of the damages, costs or fees due to the party who did not file the appeal.

(j)            The arbitration shall be conducted in the city of Lima, Peru, and the language to be used in the arbitration proceeding shall be the Spanish language.

Furthermore, the parties agree that should the intervention of the regular judges and courts be mandatory, the parties expressly submit to the jurisdiction of the judges and courts of the judicial district of Lima Cercado, waiving the jurisdiction of their domiciles.

SEVEN: Participation

MPC, identified by Tax ID Number (RUC) 20506675457, with principal place of business at Av. San Borja Norte 1302, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967 and Luis Alfredo DE OLAZÁVAL OVIEDO, identified by National Identity Card (DNI) 09877637, as per powers of attorney recorded on Entry 11532703 of the Registry of Companies in and for Lima and El Callao, participates in this Agreement to assume the obligation stipulated in Article Three hereof.

You are hereby requested, Mr. Notary, to add the clauses provided for by law, serving notice to the Public Records Office for registration thereof.

Signed in Lima, on [•], 2006

CENTENARIO

Representatives:

Charles Graham Preble

Juan Pedro Rodriguez Mariátegui Blume

DUVAZ

Representatives:

Jaime Rodriguez Mariátegui Proaňo

Gonzalo Rodriguez Mariátegui Canny

MPC

Representatives:

Charles Graham Preble

Luis Alfredo de Olazábal Oviedo

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LIST OF APPENDICES

APPENDIX A:                                            Description of the Assets

91



EXHIBIT R

FORM OF AGREEMENT FOR THE TRANSFER OF ALIQUOTS OF
THE “LA DEMÓCRATA” AND “MARÍA CELINA” CONCESSIONS

You are hereby requested in your capacity as Notary Public to enter in your Notarial Record Book one evidencing the Agreement for the Transfer of Mining Concessions (the “Agreement”) entered into by and between SOCIEDAD MlNERA AUSTRIA DUVAZ S.A.C., identified by Tax ID Number (RUC) 20100102171, with principal place of business for the purposes hereof at Av. José Gálvez Barrenechea 925, San Borja, acting by and through Jaime RODRÍGUEZ MARIÁTEGUI PROAŃO, identified by National Identity Card (DNI) 09154499, and Gonzalo RODRÍGUEZ MARlÁTEGUI CANNY, identified by National Identity Card (DNI) 09877652, as per powers of attorney recorded on Entry 11392644 of the Registry of Companies in and for Lima and EI Callao, and specifically in the Minutes of the Shareholders’ Meeting, dated [·], (hereinafter “DUVAZ”); and SOCIEDAD MINERA CENTENARIO S.A.C., identified by Tax ID Number (RUC) [·], with principal place of business at Av. José Gálvez Barrenechea 925, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967, as per power of attorney specifically granted for that purpose as evidenced in the Minutes of the Shareholders’ Meeting dated [·], (hereinafter “CENTENARIO”), under the following terms and conditions:

ONE: Recitals

DUVAZ is the holder of 33.33% of the “Maria Celina” mining concession, with single code 08001986X01, with an area of 5.0707 ha. and recorded on Entry 02006887 of the Public Records Office in and for Lima and EI Callao, and of 33.33% of the “La Demócrata” mining concession, with single code 08002016X01, with an area of 1.9955 ha. and recorded on Entry 02006533 of the Public Records Office in and for Lima and EI Callao, both located in the District of Morococha, Province of Yauli, Department of Junín (all aliquots held by DUVAZ in the “Maria Celina” and “La Demócrata” mining concessions, hereinafter, the “Aliquots”).

The holder of the remaining 66.66% of the “Maria Celina” mining concession is SUCESIÓN TOMÁS MARSANO GUTIÉRREZ. The other co-owners of the “La Demócrata” mining concession form part of SUCESlÓN TOMÁS MARSANO GUTIÉRREZ (33.33%) and of SUCESlÓN TOMÁS MARSANO CAMPODÓNICO (33.33%).

On March 16, 2006, DUVAZ, MINERA PERÚ COPPER S.A. (“MPC”), a corporation organized in Peru that is shareholder of CENTENARIO and others, entered into the Master Agreement (hereinafter the “Master Agreement) aimed at regulating the transfer of several mining concessions owned by DUVAZ. As consideration thereof, it was established MPC’s obligation to pay DUVAZ’s obligations to different creditors, as set forth in Exhibit F to the said Master Agreement (“Exhibit F”), among others.

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TWO: Purpose

In accordance with the provisions of Section 164 of the Mining Law, DUVAZ hereby transfers to CENTENARIO the title to the Aliquots in exchange for the payment of the consideration indicated in Article Three, under all other terms and conditions stipulated in the Agreement.

THREE: Consideration

The parties hereto agree that, as consideration for the execution of this Agreement, CENTENARIO shall cause MPC to pay DUVAZ’s creditors the amount of US$450,000 (Four Hundred and Fifty Thousand US Dollars) for the transfer of all aliquots owned by DUVAZ corresponding to the “Maria Celina” mining concession, and the amount of US$190,000 (One Hundred Ninety Thousand US Dollars) for the transfer of all aliquots owned by DUVAZ corresponding to the “La Demócrata” mining concession.

The aforementioned consideration to be paid by MPC on account of CENTENARIO shall be furnished to DUVAZ’s creditors within the first six (6) months after the payment obligation is created for MPC with respect to the debts foreseen to be paid during the first year of Exhibit F, under the terms of the Master Agreement.

DUVAZ expressly waives the legal mortgage that may be established on the Aliquots of the concessions subject matter of this transfer.

FOUR: Termination

DUVAZ may automatically terminate the transfer of the Aliquots of any of or both mining concessions subject matter hereof if MPC fails to promptly pay any of the debts assumed by virtue of the preceding article, in accordance with the terms of the Master Agreement, for which purpose, it shall suffice that DUVAZ notifies CENTENARIO by means of a notarized letter of its decision to terminate the Agreement.

FIVE: Miscellaneous Provisions

5.1           Waiver of rights

Any non-compliance or delay by one of the parties in exercising any right contemplated herein shall not be deemed a waiver of such right. No waiver of a right contemplated herein shall be considered to have been made, unless such waiver is recorded in writing.

5.2.          Notices

Any and all notices, requests, demands and any other communication required by or which may be sent under this Agreement shall be served in writing to the following addresses, fax number (with acknowledgment of receipt) or by registered mail, as follows:

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To CENTENARIO

Attention:

 

Charles Graham Preble
Juan Pedro Rodriguez Mariátegui Blume

Address:

 

Av. San Borja Norte 1302, San Borja
Av. José Gálvez Barrenechea 925, San Borja

Telephone:

 

 

Fax:

 

 

E-mail:

 

 

 

To DUVAZ

Attention:

 

Jaime Rodriguez-Mariátegui Proaňo

Address:

 

Av. José Gálvez Barrenechea 925, San Borja

Telephone:

 

 

Fax:

 

 

E-mail:

 

 

 

Any change in address or in any data of the parties shall only take effect if it is notified in writing to the other party at least ten (10) calendar days in advance of the date the change of address must take place.

If any of the requirements set forth in the preceding paragraph is not complied with, the change in address or in data shall not take effect and shall not be enforceable against the parties. Under this assumption, any and all communications and notices are to be sent to the addresses, fax numbers and persons stated in this Point, considering them validly and effectively served.

5.3                                 Assignment of contract

None of the parties may assign its interest in this Agreement without the prior written consent of the other party.

5.4                                 Headings

The headings of the Articles have been inserted for convenience only and in no case shall they affect the application or interpretation thereof, since the full text of the Article and the general purpose of this Agreement shall govern.

5.5                                 Partial Nullity

The invalidity, nullity or voidability of any Article or section hereof shall not affect or impair the enforceability of the remaining Articles hereof. Furthermore, it is the intention of the parties to replace any invalid, ineffective or voidable term, section or Article for a valid and enforceable Article or section in terms that are as similar as possible to those of the invalid, ineffective or voidable Article or section.

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Accordingly, in the event that any section or Article of the Agreement is declared invalid or unenforceable by a competent court, judge, authority or arbitrator, the parties shall agree on their replacement for another valid Article, but with terms and effect that are as similar as possible to those of the original Article.

SIX: Applicable Law and Jurisdiction

6.1          Applicable Law

This Agreement shall be governed and interpreted in accordance with the laws of the Republic of Peru.

6.2          Applicable Jurisdiction

The parties hereby convene that they shall, through direct negotiation and in good faith, settle any dispute or controversy arising between them in relation to the interpretation, execution, validity or efficacy of this Agreement.

Should the parties in dispute fail to reach an agreement within a term of fifteen (15) calendar days, the dispute shall be settled by De Jure Arbitration, at the request of either party, subject to the following rules:

(a)          The arbitration shall be conducted by an arbitration court consisting of three (3) members.

(b)         The arbitration shall be conducted in accordance with the Procedural Regulations of the National and International Settlement and Arbitration Center of the Lima Chamber of Commerce (hereinafter the “Center”), and in the absence thereof, pursuant to the rules established by the arbitrators.

(c)          Each party shall appoint an arbitrator and the third arbitrator shall be appointed by the arbitrators thus designated. The third arbitrator shall preside over the arbitration court.

Failure by either of the parties to appoint their respective arbitrators within a term of ten (10) calendar days as from the date on which they are notified by the other party of their intention to adopt this article, designating their respective arbitrator, the arbitrator shall be appointed by the Center.

Furthermore, failure by the two (2) appointed arbitrators to designate the third arbitrator within a term of ten (10) calendar days as from the date of appointment of the latter arbitrator, the third arbitrator shall be appointed by the Center.

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(d)   In the event that a replacement arbitrator needs to be designated for any reason whatsoever, he shall be designated following the same procedure established for the designation of the arbitrator being replaced.

(e)   Initially, the fees of the arbitrators must be paid by the parties in equal proportions. After the issue of the arbitration award, the unsuccessful party must reimburse said fees to the other, pursuant to the provisions set forth in paragraph (g) of this Article and to the provisions contained in the arbitration award.

Without prejudice to the provisions established in the preceding paragraph, the parties convene that, should any counterclaim be filed during the conduction of the arbitration proceeding to increase the fees initially fixed by the arbitrators, the party proposing such counterclaim must exclusively pay the said additional fees. If the party proposing the counterclaim fails to pay such fees, the arbitration proceeding shall continue its course as if said counterclaim had never been filed.

It is hereby established that, should the party proposing the counterclaim be favoured with the issue of the final award, it shall also be entitled to the reimbursement of the additional fees of the arbitrators, pursuant to the provisions established in paragraph (g) of this Article and to the provisions contained in the arbitration award.

(f)    The costs incurred for the production of evidence during the conduction of the proceeding shall be born by the party offering the evidence, without prejudice to the right to be reimbursed for said costs, pursuant to the provisions established in paragraph (g) of this Article and to the provisions contained in the arbitration award.

(g)   The costs and fees of the arbitration shall be borne by the unsuccessful party, including the fees of the arbitrators, the legal advisors and any other cost or expense derived from the conduction of said proceeding. The arbitration award must include its provisions on this requirement.

(h)   The arbitration court shall have a term of ninety (90) business days, as from the date of its installation to issue the respective arbitration award, which shall be final and conclusive. The arbitration court may extend the term to issue the arbitration award for up to thirty (30) additional business days.

The parties may mutually agree to request the arbitration court to order an extension of the proceeding as many times as they may deem pertinent and for the terms that they may deem convenient, in which case, the arbitration court may increase the amount of its fees.

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Furthermore, the arbitration court may be entrusted to accurately settle the dispute.

(i)            The parties agree that, should either of them file a motion to annul or challenge the arbitration award, it will be required to grant a joint and several letter of guarantee issued by a prime bank in favour of the other, in the amount of US$100,000 (One Hundred Thousand US Dollars). The referred Letter of Guarantee shall be granted prior to filing any appeal of this kind and shall remain in force for a minimum of one (1) year and the secured party must renew it in the event that the process for annulment has not ended within the original term of the Letter of Guarantee. The Letter of Guarantee shall be kept by a notary public in and for Lima selected by the party granting it. The notary public shall be instructed not to deliver the Letter of Guarantee to the other party, unless a firm and final court ruling has been issued against the party that filed the appeal to challenge the arbitration award.

The letter of guarantee shall be returned to the party that filed the appeal for annulment or challenge, only if it ends with a firm and final court ruling in favour of said party. Otherwise, the letter of guarantee shall be executed in favour of the party that filed no appeal and shall be considered a penalty by the parties. The penalty referred to herein shall not curtail the amount of the damages, costs or fees due to the party who did not file the appeal.

(j)            The arbitration shall be conducted in the city of Lima, Peru, and the language to be used in the arbitration proceeding shall be the Spanish language.

Furthermore, the parties agree that, should the intervention of the regular judges and courts be mandatory, the parties expressly submit to the jurisdiction of the judges and courts of the judicial district of Lima Cercado, waiving the jurisdiction of their domiciles.

SEVEN: Participation

MPC, identified by Tax ID Number (RUC) 20506675457, with principal place of business at Av. San Borja Norte 1302, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967, and Luis Alfredo DE OLAZÁVAL OVIEDO, identified by National Identity Card (DNI) 09877637, as per powers of attorney recorded on Entry 11532703 of the Registry of Companies in and for Lima and EI Callao, participates in this Agreement to assume the obligation stipulated in Article Three hereof.

You are hereby requested, Mr. Notary, to add the clauses provided for by law, serving notice to the Public Records Office for registration thereof.

Signed in Lima, on [·], 2006

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CENTENARIO

 

Representative:

Charles Graham Preble

 

MPC

 

Representatives:

Charles Graham Preble

Luis Alfredo de Olazábal Oviedo

 

DUVAZ

 

Representatives:

Jaime Rodriguez Mariátegui Proaňo

Gonzalo Rodríguez Mariátegui Canny

 

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EXHIBIT S

FORM OF AGREEMENT FOR THE TRANSFER OF THE
“PILAR” MINING CONCESSION

You are hereby requested in your capacity as Notary Public to enter in your Notarial Record Book one evidencing the Agreement for the Transfer of Mining Concession (the “Agreement”) entered into by and between SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA PILAR DE HUANCAYO, identified by Tax ID Number (RUC) [·], with principal place of business for the purposes hereof at Av. José Gálvez Barrenechea 925, San Borja, acting by and through its Manager Luis RODRIGUEZ MARIÁTEGUI PROAŇO, identified by National Identity Card (DNI) 09144124, as per powers of attorney recorded on Entry [·] of the Registry of Companies in and for Lima and El Callao, and specifically in the Minutes of the Members’ Meeting of SOCIEDAD MINERA DE RESPONSABILIDAD LIMITADA PILAR DE HUANCAYO, dated [·] 2006, (hereinafter “PILAR DE HUANCAYO”); and SOCIEDAD MINERA CENTENARIO S.A.C., Identified by Tax ID Number (RUC) [·], with principal place of business at Av. José Gálvez Barrenechea 925, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967, Luis RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881 and Juan Pedro RODRIGUEZ MARIÁTEGUI BLUME, identified by National Identity Card (DNI) 10266797, as per powers of attorney recorded on Entry [·] of the Registry of Companies in and for Lima and EI Callao, (hereinafter “CENTENARIO”), under the following terms and conditions:

ONE: Recitals

PILAR DE HUANCAYO is the holder of the “Pilar” mining concession, with single code 08000749Y01, with an area of 4.1075 ha. and recorded on Entry 02006532 of the Public Records Office in and for Lima and EI Callao, located in the District of Morococha, Province of Yauli, Department of Junin (hereinafter the “Mining Right”).

On March 16, 2006, SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. (“DUVAZ”), MINERA PERÚ COPPER S.A. (“MPC”), a corporation organized in Peru that is shareholder of CENTENARIO and others, entered into a Master Agreement, hereinafter the “Master Agreement” aimed at regulating the transfer of several mining concessions.

TWO: Purpose

In accordance with the provisions of Section 164 of the Mining Law, PILAR DE HUANCAYO hereby transfers to CENTENARIO the title to the Mining Right in exchange for the payment of the consideration indicated in Article Three, under all other terms and conditions stipulated in the Agreement.

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THREE: Consideration

The parties hereto agree that, as consideration for the execution of this Agreement, CENTENARIO shall pay PILAR DE HUANCAYO the amount of US$20,000 (Twenty Thousand US Dollars) for the transfer of the Mining Right. This consideration shall be paid to DUVAZ in its capacity as creditor of PILAR DE HUANCAYO.

The aforementioned consideration to be paid by MPC on account of CENTENARIO shall be furnished to DUVAZ’s creditors within the first six (6) months after the payment obligation is created for MPC with respect to the debts foreseen to be paid during the first year of Exhibit F, under the terms of the Master Agreement.

FOUR: Representation and termination

4.1                                 PILAR DE HUANCAYO represents that, for the purposes of this transfer, it has complied with all the formalities required in Section 199 of the Mining Law.

4.2                                 On the other hand, it is hereby understood that DUVAZ may automatically terminate the transfer of the concession subject matter hereof if MPC fails to promptly pay any of the debts assumed by virtue of the preceding article, in accordance with the terms of the Master Agreement, for which purpose, it shall suffice that PILAR DE HUANCAYO notifies CENTENARIO by means of a notarized letter of its decision to terminate the Agreement.

FIVE: Miscellaneous Provisions

5.1           Waiver of rights

Any non-compliance or delay by one of the parties in exercising any right contemplated herein shall not be deemed a waiver of such right. No waiver of a right contemplated herein shall be considered to have been made, unless such waiver is recorded in writing.

5.2.          Notices

Any and all notices, requests, demands and any other communication required by or which may be sent under this Agreement shall be served in writing to the following addresses, fax number (with acknowledgment of receipt) or by registered mail, as follows:

To CENTENARIO

Attention:

 

Charles Graham Preble

 

 

Juan Pedro Rodriguez Mariátegui Blume
Luis Rodriguez Mariátegui Canny

Address:

 

Av. San Borja Norte 1302, San Borja

 

 

Av. José Gálvez Barrenechea 925, San Borja

Telephone:

 

 

 

 

 

Fax:

 

 

E-mail:

 

 

 

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To PILAR DE HUANCAYO

Attention:

 

Luis Rodríguez Mariátegui Proaňo

Address:

 

Av. José Gálvez Barrenechea 925, San Borja

Telephone:

 

 

Fax:

 

 

E-mail:

 

 

 

Any change in the address or in any data of the parties shall only take effect if it is notified in writing to the other party at least ten (10) calendar days in advance of the date the change of address must take place.

If any of the requirements set forth in the preceding paragraph is not complied with, the change in address or in data shall not take effect and shall not be enforceable against the parties. Under this assumption, any and all communications and notices are to be sent to the addresses, fax numbers and persons stated in this Point, considering them validly and effectively served.

5.3           Assignment of contract

None of the parties may assign its interest in this Agreement without the prior written consent of the other party.

5.4           Headings

The headings of the Articles have been inserted for convenience only and in no case shall they affect the application or interpretation thereof, since the full text of the Article and the general purpose of this Agreement shall govern.

5.5           Partial Nullity

The invalidity, nullity or voidability of any Article or section hereof shall not affect or impair the enforceability of the remaining Articles hereof. Furthermore, it is the intention of the parties to replace any invalid, ineffective or voidable term, section or Article for a valid and enforceable Article or section in terms that are as similar as possible to those of the invalid, ineffective or voidable Article or section.

Accordingly, in the event that any section or Article of the Agreement is declared invalid or unenforceable by a competent court, judge, authority or arbitrator, the parties shall agree on their replacement for another valid Article, but with terms and effect that are as similar as possible to those of the original Article.

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SIX: Applicable Law and Jurisdiction

6.1           Applicable Law

This Agreement shall be governed and interpreted in accordance with the laws of the Republic of Peru.

6.2           Applicable Jurisdiction

The parties hereby convene that they shall, through direct negotiation and in good faith, settle any dispute or controversy arising between them in relation to the interpretation, execution, validity or efficacy of this Agreement.

Should the parties in dispute fail to reach an agreement within a term of fifteen (15) calendar days, the dispute shall be settled by De Jure Arbitration, at the request of either party, subject to the following rules:

(a)           The arbitration shall be conducted by an arbitration court consisting of three (3) members.

(b)                                 The arbitration shall be conducted in accordance with the Procedural Regulations of the National and International Settlement and Arbitration Center of the Lima Chamber of Commerce (hereinafter the “Center”), and in the absence thereof, pursuant to the rules established by the arbitrators.

(c)                                  Each party shall appoint an arbitrator and the third arbitrator shall be appointed by the arbitrators thus designated. The third arbitrator shall preside over the arbitration court.

Failure by either of the parties to appoint their respective arbitrators within a term of ten (10) calendar days as from the date on which they are notified by the other party of their intention to adopt this article, and designating their respective arbitrator, the arbitrator shall be appointed by the Center.

Furthermore, failure by the two (2) appointed arbitrators to designate the third arbitrator within a term of ten (10) calendar days as from the date of appointment of the latter arbitrator, the third arbitrator shall be appointed by the Center.

(d)                                 In the event that a replacement arbitrator needs to be appointed for any reason whatsoever, he shall be designated following the same procedure fixed for the designation of the arbitrator being replaced.

(e)                                  Initially, the fees of the arbitrators must be paid by the parties in equal proportions. After the issue of the arbitration award, the unsuccessful

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party must reimburse said fees to the other, pursuant to the provisions set forth in paragraph (g) of this Article and to the provisions contained in the arbitration award.

Without prejudice to the provisions established in the preceding paragraph, the parties convene that, should any counterclaim be filed during the conduction of the arbitration proceeding to increase the fees initially fixed by the arbitrators, the party proposing such counterclaim must exclusively pay the said additional fees. If the party proposing the counterclaim fails to pay such fees, the arbitration proceeding shall continue its course as if said counterclaim had never been filed.

It is hereby established that, should the party proposing the counterclaim be favoured with the issue of the final award, it shall also be entitled to the reimbursement of the additional fees of the arbitrators, pursuant to the provisions established in paragraph (g) of this Article and to the provisions contained in the arbitration award.

(f)                                    The costs incurred for the production of evidence during the conduction of the proceeding shall be borne by the party offering the evidence, without prejudice to the right to be reimbursed for said costs, pursuant to the provisions established in paragraph (g) of this Article and to the provisions contained in the arbitration award.

(g)                                 The costs and fees of the arbitration shall be borne by the unsuccessful party, including the fees of the arbitrators, the legal advisors and any other cost or expense derived from the conduction of said proceeding. The arbitration award must include its provisions on this requirement.

(h)                                 The arbitration court shall have a term of ninety (90) business days, as from the date of its installation to issue the respective arbitration award, which shall be final and conclusive. The arbitration court may extend the term to issue the arbitration award for up to thirty (30) additional business days.

The parties may mutually agree to request the arbitration court to order an extension of the proceeding as many times as they may deem pertinent and for the terms that they may deem convenient, in which case, the arbitration court may increase the amount of its fees.

Furthermore, the arbitration court may be entrusted to accurately settle the dispute.

(i)                                     The parties agree that should either of them file a motion to annul or challenge the arbitration award, it will be required to grant a joint and several letter of guarantee issued by a prime bank in favour of the other, in the amount of US$10,000 (Ten Thousand US Dollars). The referred Letter of Guarantee shall be granted prior to filing any appeal of this kind and shall remain in force for a minimum of one (1) year and the secured party must

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renew it in the event that the process for annulment has not ended within the original term of the Letter of Guarantee. The Letter of Guarantee shall be kept by a notary public in and for Lima selected by the party granting it. The notary public shall be instructed not to deliver the Letter of Guarantee to the other party, unless a firm and final court ruling has been issued against the party that filed the appeal to challenge the arbitration award.

The letter of guarantee shall be returned to the party that filed the appeal for annulment or challenge, only if it ends with a firm and final court ruling in favour of said party. Otherwise, the letter of guarantee shall be executed in favour of the party that filed no appeal and shall be considered a penalty by the parties. The penalty referred to herein shall not curtail the amount of the damages, costs or fees due to the party who did not file the appeal.

(j)                                   The arbitration shall be conducted in the city of Lima, Peru, and the language to be used in the arbitration proceeding shall be the Spanish language.

Furthermore, the parties agree that, should the intervention of the regular judges and courts be mandatory, the parties expressly submit to the jurisdiction of the judges and courts of the judicial district of Lima Cercado, waiving the jurisdiction of their domiciles.

SEVEN: Participation

MPC, identified by Tax ID Number (RUC) 20506675457, with principal place of business at Av. San Borja Norte 1302, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967, and Luis Alfredo DE OLAZÁVAL OVIEDO, idenlified by National Identity Card (DNI) 09877637, as per powers of attorney recorded on Entry 11532703 of the Registry of Companies in and for Lima and EI Callao, participates in this Agreement to assume the obligation stipulated in Article Three hereof.

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C., identified by Tax ID Number (RUC) 20100102171, with principal place of business at Av. José Gálvez Barrenechea 925, San Borja, acting by and through Jaime RODRIGUEZ MARIÁTEGUI PROAŇO, identified by National Identity Card (DNI) 09154499 and Gonzalo RODRIGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 09877652, as per powers of attorney recorded on Entry 11392644 of the Registry of Companies in and for Lima and EI Callao, (hereinafter “DUVAZ”) also participates in this Agreement.

You are hereby requested, Mr. Notary, to add the clauses provided for by law, serving notice to the Public Records Office for registration thereof.

Signed in Lima, on [·], 2006

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CENTENARIO

 

 

 

 

 

Representative:

 

 

Charles Graham Preble

 

 

Luis Rodriguez Mariátegui Canny

 

 

Juan Pedro Rodríguez Mariátegui Blume

 

 

 

 

 

MPC

 

 

 

 

 

Representatives:

 

 

Charles Graham Preble

 

 

Luis Alfredo de Olazábal Oviedo

 

 

 

 

 

PILAR DE HUANCAYO

 

 

 

 

 

Representatives:

 

 

Luis Rodríguez Mariátegui Proaňo

 

 

 

 

 

DUVAZ

 

 

 

 

 

Representatives:

 

 

Jaime Rodríguez Mariátegui Proaňo

 

 

Gonzalo Rodríguez Mariátegui Canny

 

 

 

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EXHIBIT T

LIST OF MEMBERS OF THE SUCCESSION THAT IS CO-OWNER OF THE
CONCESSIONS LISTED IN POINTS 2.2.(a)(ii) AND 2.2.(a)(iii) (“LA DEMOCRATA”
AND “MARÍA CELINA”

–                                         Ernesto Leguía Servat

–                                         Carlos Leguía Servat

–                                         Tomas Leguía Servat

–                                         Rossana Leguía Servat

–                                         Tomas Héctor Mattellini Marsano

–                                         Jaime Revoredo Marsano

–                                         Susana La Rosa Vda. De Deacon

–                                         Luis A. Deacon La Rosa

–                                         Maria Catalina Llich Vda. De Deacon

–                                         Gustavo Deacon Llich

–                                         Alejandro Deacon Llich

–                                         Maria Catalina Deacon Llich

–                                         Maria Catalina Deacon Llich

–                                         Maria Clotilde Deacon Llich

–                                         Carlos Eugenio Deacon Llich

–                                         Carmen Marsano Porras

–                                         Maria Teresa Conroy de Marsano

–                                         Andrés Marsano Conroy

–                                         Verónica Marsano Conroy

–                                         Claudia Marsano Conroy

–                                         Violeta de la Rossa Vda. De Marsano

–                                         Tomas Victor Marsano della Rossa

–                                         Violeta Marsano della Rossa

–                                         Enrique Marsano della Rossa

–                                         Marco Antonio Guezzi Vargas

–                                         Sandra Garcia Marsano

–                                         Antonella Guezzi Marsano

–                                         Matilde Marsano Miro Quesada

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Exhibit E to the Stock Purchase Agreement

Escrow Account Agreement

This escrow account agreement (the “Escrow Agreement”) is entered into by and between:

a)                                      Jaime RODRÍGUEZ MARIÁTEGUI BLUME, identified by National Identity Card (DNI) 09389280, with usual residence at Calle La Joya 175, Tambo de Monterrico, Surco, and Luis RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 08798881, with usual residence at Calle Miguel Aljovin 530, Surco (collectively referred to as the “Sellers”);

b)                                     Minera Perú Copper S.A., with Tax ID Number (RUC) 20506675457, and principal place of business at Av. San Borja Norte 1302, San Borja, acting by and through Charles Graham PREBLE, identified by Alien ID Card (CE) 000084967, and H.H. Eric PEITZ, identified by Alien ID Card (CE) 000190392, as per powers of attorney recorded on Entry 11532703 of the Registry of Companies in and for Lima and El Callao (“MPC”); and,

c)                                      [BANK], with Tax ID Number (RUC) [·], and principal place of business at [·], acting by and through Messrs. [·] as per powers of attorney recorded on Entry of the [·] Registry of Companies in and for Lima and El Callao (the “Bank”).

Sociedad Minera Austria Duvaz S.A.C., with Tax ID Number (RUC) 20100102171, and principal place of business for the purpose hereof at Av. José Gálvez Barrenechea N° 925, San Borja, acting by and through Jaime RODRÍGUEZ MARIÁTEGUI PROANO, identified by National Identity Card (DNI) 09154499, and Gonzalo RODRÍGUEZ MARIÁTEGUI CANNY, identified by National Identity Card (DNI) 09877852, as per powers of attorney recorded on Entry 11392644 of the Registry of Companies in and for Lima and El Callao (“Duyaz”), participates in this Escrow Agreement with the purpose of stating its acceptance of all the representations and stipulations containing obligations it shall assume.

Melissa Gabriela PATRONI DEDEKIND, identified by National Identity Card (DNI) 10308801, spouse of Jaime RODRÍGUEZ MARIÁTEGUI BLUME, also participates in this Escrow Agreement with the purpose of stating her acceptance of all the terms and conditions of this Escrow Agreement.

I.                                         RECITALS

This Escrow Agreement is entered into within the framework and with the purpose described below:

a)                                      Under the stock purchase agreement entered into on [·] (hereinafter the “Stock Purchase Agreement”), the Sellers transferred to MPC nine thousand nine hundred (9,900) Class A shares (“Class A Shares”) representing 99% of the capital stock of the company Minera Centenario S.A.C. (“Minera Centenario”).

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Said agreement was entered into as part of a global agreement among Duvaz, MPC and the Sellers, among others, on
March 16, 2006 (the “Master Agreement”).

b)                                     As provided in the second paragraph of Point 5.2 of the Stock Purchase Agreement, MPC and the Sellers agreed that, should MPC be obliged under the terms of said agreement to pay the last instalment of the purchase price indicated in Article Four, Point 4.2, Item (v) of the Stock Purchase Agreement and if, as of such date, it has not yet notified its decision to exercise or not the option contemplated in the option agreement entered into on [·] by and between Duvaz and MPC (the “Option Agreement”), then a part or the total of such instalment shall be deposited in the Escrow Account (as the term “Escrow” is defined in Article III(a) hereof), under the terms and conditions established in Article Five of the Stock Purchase Agreement and the provisions of this Escrow Agreement.

c)                                      This Escrow Agreement is, therefore, entered into with the purpose of establishing the conditions for the administration of the Escrow Account (as the term “Escrow” is defined in Article III(a) hereof), whose funds shall be applied to the payment of the purchase price indicated in Article Four, Point 4.2 of the Stock Purchase Agreement and, if required, to allow for the adjustments to said price, as established in Article Five of the Stock Purchase Agreement, as well as in Articles Five and Six of the Master Agreement.

d)                                     This Escrow Agreement regulates the performance of various obligations established in the Master Agreement and in the Stock Purchase Agreement, without it being understood that any reference to Article Five of the Stock Purchase Agreement in the different sections of this Escrow Agreement, as well as to Articles Five and Six of the Master Agreement, shall be understood as limitative of any other obligations contemplated in those agreements. It is the express intention of the parties that this Escrow Agreement supplements the purpose sought by the parties through the execution of the Master Agreement and its supplemental instruments, of which this Escrow Agreement forms an integral part. For the avoidance of doubt, in case of conflict between the provisions established herein and the provisions established in the Master Agreement or in the Stock Purchase Agreement, the provisions of the Master Agreement shall prevail first, then the provisions of the Stock Purchase Agreement and finally the provisions of this Escrow Agreement.

II.                                     PURPOSE

The Sellers and MPC hereby agree that, in consideration of the mutual pacts and covenants established in the Master Agreement and in the Stock Purchase Agreement, the Bank shall hold the Deposit (as such term is defined in Article III (b) of this Escrow Agreement) in custody, in accordance with and subject to the Instructions (Article Three of this Escrow Agreement) and to the Terms and Conditions (Article Four of this Escrow Agreement).

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III.                                 INSTRUCTIONS

(a)                                  The Escrow Account

MPC and the Sellers hereby request the Bank to open a Current Account in United States Dollars (the “Escrow Account”), whose holder shall be MPC. However, MPC and the Sellers expressly state that said holding does not confer upon MPC any right whatsoever to withdraw or make use of the funds deposited in the Escrow Account, except as provided in this Escrow Agreement.

(b)                                 The Deposit

The amount from the last instalment of the purchase price mentioned in Article Four, Point 4.2, Item (v) of the Stock Purchase Agreement that MPC must deposit in the Escrow Account, shall be determined based on the following considerations:

(i)                                     If the results of the environmental baseline assessment and the labour audit referred to in the first paragraph of Article Five, Point 5.2 of the Stock Purchase Agreement as a whole determine that as of such date there are costs or liabilities for up to US$500,000 (Five Hundred Thousand US Dollars), then, upon the maturity of the last instalment of the transfer price of Class A Shares, MPC shall deposit in the Escrow Account the amount of US$666,666,67 (Six Hundred and Sixty-Six Thousand Six Hundred and Sixty Six and 67/100 US Dollars) corresponding to the last instalment of the purchase price of the Class A Shares.

(ii)                                  If the results of the environmental baseline assessment and the labour audit referred to in the first paragraph of Point 5.2 of Article Five of the Stock Purchase Agreement as a whole determine that as of such date there are costs or liabilities above US$500,000 (Five Hundred Thousand US Dollars), then, upon the maturity of the last instalment of the transfer price of Class A Shares, MPC shall deposit in the Escrow Account the full amount corresponding to the last instalment of the purchase price of Class A Shares.

The parties expressly state that the amount deposited by MPC in the Escrow Account as provided in Items (i) or (ii) above and which shall be under the custody of the Bank, pursuant to the terms and conditions established herein, shall be deposited with the sole purpose of (1) paying the purchase price indicated in Point 4.2 of Article Four of the Stock Purchase Agreement; and (2) allowing for the adjustments to such price as established in Article Five, Point 5.4 and in Article Six, Point 6.1 of the Master Agreement. For that purpose, neither the Sellers nor MPC shall be entitled to withdraw or dispose of the funds deposited by MPC in the Escrow Account, except as provided in Article III(e) of this Escrow Agreement.

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The amount deposited by MPC in the Escrow Account as indicated in Items (i) or (ii) above plus the interest accrued, minus the charges and maintenance fees, commissions and other concepts deducted by the Bank, shall be referred to as the “Deposit”.

(c)                                  Interest accrued by the Deposit

The Sellers and MPC expressly state that, even though MPC shall be the holder of the Escrow Account, the interest as well as any other amount or right generated by the Deposit shall be held by the Sellers. However, the Sellers and MPC agree that such interest as well as any other remaining funds of the Deposit may be withdrawn by the Sellers only when the Escrow Account is closed by MPC and the Sellers, as provided for herein.

(d)                                 Determination of the existence of environmental and/or labour liabilities

The existence of environmental and/or labour liabilities (as provided in Article Five, Point 5.4 and in Article Six, Point 6.1 of the Master Agreement) in order to determine the adjustments to the purchase price of Class A Shares, shall be determined based on the following:

(i)                                     Within the first three (3) months from the receipt of the notice through which MPC notifies Duvaz of its decision to exercise the option granted by virtue of the Option Agreement, an environmental baseline assessment and a labour audit shall be conducted, as provided in Article Five, Point 5.4 and Article Six, Point 6.1 of the Master Agreement.

By virtue of this Escrow Agreement, MPC and the Sellers undertake to instruct the companies or the persons in charge of conducting the environmental baseline assessment and the labour audit to send their reports simultaneously to MPC, the Sellers and the Bank.

(ii)                                  Notwithstanding the provisions of Item (i) above, within sixty (60) days from the date of execution of the transfer agreement of the concessions and other assets listed in Exhibit A to the Master Agreement (as a result of the exercise of the option granted by virtue of the Option Agreement), MPC and the Sellers bind themselves to request the companies or persons in charge of preparing the environmental baseline assessment and the labour audit indicated in Item (i) above to prepare a new report determining the following: (A) whether the environmental and/or labour liabilities indicated in the environmental baseline assessment and in the labour audit referred to in the foregoing paragraph still subsist or have been rectified by Duvaz; and (B) whether the environmental and/or labour liabilities that still subsist and/or have not been rectified by Duvaz shall be enforceable or not from MPC. The report described in this paragraph shall be referred to as the “Report”. The cost of preparing the Report shall be borne in equal parts by MPC and the Sellers.

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By virtue of this Escrow Agreement, MPC and the Sellers undertake to request the persons in charge of conducting the environmental baseline assessment and the labour audit to send the Report simultaneously to MPC, the Sellers and the Bank.

The parties expressly state that the preparation and purpose of the Report, though not initially agreed by the parties in the Master Agreement, do not contravene the provisions contained in said document, being a supplementary agreement within the purposes sought by the parties through the execution of the Master Agreement, and shall allow for adjustments to the purchase price of the Class A Shares.

(e)                                  Disposal of the Deposit

The Bank may only allow the withdrawal of the funds of the Deposit by the Sellers or MPC based on the following considerations:

(i)                                     If the results of the Report determine that the environmental and/or labour liabilities still subsist (and/or have not been rectified by Duvaz) as of the date of issuance of the Report, and that as of such date those liabilities are enforceable from MPC. then, MPC shall be entitled to make the adjustments to the purchase price of Class A Shares, in the terms and conditions established in Article Five, Point 5.4 and Article Six, Point 6.1 of the Master Agreement.

In order to make the adjustments indicated in the foregoing paragraph, within five (5) days from the date of notification of the Report to MPC, the Sellers and the Bank, the Sellers and MPC shall send a joint notice to the Bank authorizing MPC to withdraw from the Escrow Account the amount of the environmental and labour liabilities determined in the Report. Once MPC has withdrawn such funds, the Sellers shall be entitled to withdraw any other remaining funds from the Escrow Account, if any.

If the total amounts indicated in the foregoing paragraph exceed the amount of the Deposit existing at that time in the Escrow Account, the Sellers and MPC shall send a joint notice to the Bank, within the same term stated in the preceding paragraph, authorizing MPC to withdraw the full amount of the Deposit in the Escrow Account, without prejudice to the rights contemplated in the Master Agreement in favour of MPC in order to allow for the collection of the unpaid excess amount.

It is expressly placed on record that the Bank may not raise observations against the contents of the notice sent under the provisions of this Article III(e)(i), the Bank being obliged to allow MPC to withdraw from the Escrow Account the amount specified in said notice.

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(ii)                                  If the results of the Report determine that the environmental and/or labour liabilities no longer exist (and/or have been rectified by Duvaz) as of the date of issuance of the Report, or that the liabilities that may still exist at that time are not enforceable from MPC, then, the Sellers shall be entitled to withdraw the full amount deposited in the Escrow Account.

In order to withdraw the full amount deposited in the Escrow Account, within five (5) days from the date of notification of the Report to MPC, the Sellers and the Bank, the Sellers and MPC shall send a joint notice to the Bank authorizing the Sellers to withdraw the full amount of the Deposit.

It is expressly certified that the Bank may not raise observations against the contents of the notice sent under the provisions of this Article III(e)(ii), the Bank being bound to allow the Sellers to withdraw from the Escrow Account the full amount of the Deposit.

(iii)                            If, upon expiration of the five (5)-day term indicated in Items (i) or (ii), either party fails to send the notices referred to in the foregoing items, as the case may be, the other party shall be entitled to send the Bank the corresponding notice. The party that sends such notice shall enclose a document evidencing that the other party was requested to sign the letter in the terms set forth in Items (i) or (ii), as the case may be. On the same date, the party that sends the notice to the Bank shall send the other party a copy of such notice.

In this case, in order to allow the withdrawal of the funds of the Deposit, the Bank shall:

(1)                               Verify that: (A) the five (5)-day term stipulated in Items (i) or (ii) above, as the case may be, has expired; and (B) the other party was requested to jointly sign the notice in the terms indicated in the Items referred to hereinabove.

(2)                               Verify that the amount requested for withdrawal from the Escrow Account is consistent with the Report that was sent to it by the companies or the persons in charge of preparation thereof, as provided for in Article III, paragraph (d), Item (ii) hereof; and

(3)                               Comply at all tmes with the provisions established by MPC and the Sellers under this Article III, item (e). For the avoidance of doubt, the Sellers and MPC expressly place on record that:

(A)           In no case may MPC withdraw from the Escrow Account an amount in excess of the one indicated in the Report; and

(B)             the Sellers may withdraw the full amount of the Deposit only if the Report determines that (A) there are no environmental

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and/or labour liabilities (and/or they have been rectified) or that (B) the liabilities that may still exist are not enforceable from MPC.

Within three (3) days from the receipt of the notice referred to in this Article III, paragraph (e), item (iii), the Bank shall notify the parties of its decision (duly supported) to allow or not to allow the withdrawal of the amount requested from the Escrow Account, based on the considerations indicated in this Article III, paragraph (e), item (iii).

Should either party disagree with the decision of the Bank, it may request that such dispute be settled through arbitration, as provided for in Article V, paragraph (b) of this Escrow Agreement.

(f)                                    Consideration

On the date of execution of this Escrow Agreement and after the Escrow Account has been opened by the Bank, the consideration that the Sellers and MPC shall pay to the Bank in equal parts (at the rate of 50% each) shall be USD [·], which shall be payable just once. Such fee includes the total amount of the commissions, expenses and payments incurred by the Bank, in the performance of the obligations contemplated in this Escrow Agreement.

[Specify other payment method, as agreed with the Bank]

IV.                                TERMS AND CONDITIONS

(a)                                  The duties, responsibilities and obligations of the Bank shall be limited to those expressly established herein, it being understood that no duty, responsibility or obligation shall be inferred or deduced as implicit. The Bank shall not be obliged to perform or review any other agreement entered into by and between the Sellers and MPC or any agreement to which any of such entities is a party, notwithstanding the fact that reference has been made to it herein.

It is clearly established that, in order to comply with the provisions of Article I, paragraph (d) of this Escrow Agreement and for the provisions contained in the Master Agreement to prevail first and then the provisions of the Stock Purchase Agreement and finally the provisions of this Escrow Agreement, the Bank shall have been notified by at least one of the parties about the existence of contradictions and shall wait for a written notice from both parties clearly indicating the way how such contradiction has been settled and the instructions related thereto.

(b)                                 The amounts deposited in the Escrow Account shall be for the exclusive benefit of the Sellers and shall be transferred only as provided in this Escrow Agreement.  It is expressly established that this document does not grant, whether expressly or implicitly, any right or remedy whatsoever to any other individual or legal entity.

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(c)                                  The Bank shall not be liable for the actions taken by MPC or the Sellers or for those not taken by them, or for the losses or damages resulting from such actions, or for the performance or non-performance of their corresponding duties hereunder, except in case of ordinary negligence, gross negligence or willful misconduct by the Bank.

(d)                                 In the event that any commission, expense or cost incurred by the Bank or any obligation owed to the Bank or its legal advisor under the terms hereof are not paid in a timely manner, the Bank may not dispose of such amounts in its own favour using the funds of the Deposit.

(e)                                  The Bank shall assume no liability for any omission or for any non-performance of its duties, obligations or responsibilities contemplated herein, resulting from an event considered as an act of God or force majeure.

(f)                                    The Bank shall provide the Sellers and MPC with monthly account statements indicating the funds of the Deposit. Each of those statements shall be considered correct and final upon their receipt by the Sellers and MPC, unless the Bank receives a written notice from the Sellers or MPC questioning or challenging said account statements within thirty (30) calendar days from the date of receipt of such account statements.

(g)                                 The Bank shall provide to the Deposit the same care it provides to other similar assets.

(h)                                 The Sellers and MPC shall defend, indemnify and hold the Bank harmless from any claim, loss, actions, liabilities, costs, damages or expenses (including reasonable court costs and attorney’s fees) (collectively referred to as the “Losses”) arising from or related to the administration and performance of this Escrow Agreement. However, the parties agree that none of the provisions contained herein shall entitle the Bank to any indemnification for Losses arising from the gross negligence or wilful misconduct of the Bank.

(i)                                     The Sellers and MPC (jointly) may remove the Bank at any time through a written notice served thirty (30) calendar days in advance.

Within fifteen (15) calendar days from the date of receipt of the notice of removal of the Bank, the Sellers and MPC shall agree on the appointment of the successor bank. Upon the appointment of the successor bank, the Bank shall deliver to the successor bank the full amount of the Deposit maintained as of such date by virtue of this Escrow Agreement, and MPC and the Sellers shall bear, in equal parts, the costs, taxes and expenses arising from the transfer of such funds.

After the delivery of the Deposit to the successor bank, the Bank shall have no more duties, responsibilities or obligations by virtue hereof.

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(j)                                     Should any ambiguity or uncertainty arise regarding this Agreement or any notice, instruction or other communication received by the Bank by virtue hereof, the Bank may, at its sole discretion, refrain from taking any action, except for retaining the Deposit. Without prejudice to the foregoing, the Bank shall notify the Sellers and MPC of such ambiguity or uncertainty.

(k)                                  The interest as well as any other amount or right generated by the Deposit shall be held by the Sellers, and they may be withdrawn only as provided in Article III, paragraph (c) hereof.

(i)                                     The Bank has no interest whatsoever in the Deposit, acting only as holder of the Deposit and performing the instructions contained herein. The Sellers and MPC (jointly and severally) shall pay all the transfer taxes and other taxes related to the Deposit incurred under this Escrow Agreement. This provision shall survive the termination of this Escrow Agreement or the removal of the Bank.

V.                                    MISCELLANEOUS

(a)                               This Escrow Agreement shall be governed by and construed pursuant to the laws of the Republic of Peru.

(b)                              The parties agree that any dispute or controversy arising between them regarding the interpretation, performance, validity or efficacy of this Escrow Agreement shall be solved by the parties in good faith and through direct negotiation.

Should the parties fail to reach an agreement on the dispute within fifteen (15) calendar days, upon request of either party, the dispute shall be settled through de jure arbitration, subject to the following rules:

1.                                       The arbitration shall be conducted by a sole arbitrator who shall be appointed by the National and International Settlement and Arbitration Center of the Lima Chamber of Commerce (hereinafter, the “Centre”).

2.                                       The arbitration shall be conducted pursuant to the Procedural Regulations of the Centre, and in the absence thereof, in accordance with the regulations that the arbitrator may determine.

3.                                       Initially, the fees of the sole arbitrator shall be paid by the parties in equal proportions. After the issuance of the award, the unsuccessful party shall reimburse those fees to the other party, as provided in Point 5 of this Article and pursuant to the provisions contained in the award.

Notwithstanding the provisions of the foregoing paragraph, the parties agree that, should a counterclaim be filed during the arbitration process which leads to an increase the professional fees initially established by the sole arbitrator, such additional fees shall be paid exclusively by the

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party filing the counterclaim. Should the party that files the counterclaim fail to pay such fees, the arbitration shall continue its course as if such counterclaim had been never filed.

It is established that if the party that files the counterclaim becomes the successful party under the award, it shall be entitled also to the reimbursement of the additional fees of the sole arbitrator, as provided in Point 5 of this Article and pursuant to the provisions of the award.

4.                                       The expenses incurred in the production of evidence shall be borne during the arbitration process by the party that offers it, without prejudice to the right of reimbursement of such expenses as provided in Point 5 of this Article and pursuant to the provisions of the award.

5.                                       The expenses and costs of the arbitration shall be borne by the unsuccessful party, including the fees of the sole arbitrator, the fees of the legal advisors and any other cost or expense arising from the arbitration process. The award shall decide this matter.

6.                                       The sole arbitrator shall have ninety (90) business days from his appointment to issue the corresponding award, which shall be final and conclusive. The sole arbitrator may establish an extension of up to thirty (30) additional business days for the issuance of the award.

The parties may, by mutual agreement, request the sole arbitrator to instruct the extension of the process as many times and for the terms as they may deem convenient. In these cases, the sole arbitrator may increase the amount of his fees.

In addition, the sole arbitrator may be entrusted to accurately determine the dispute.

7.                                       The parties agree that, should any of them file a motion to annul or challenge the award in any manner whatsoever, it shall be required to submit a joint and several letter of guarantee issued by a prime bank in favour of the other party for US$100,000 (One Hundred Thousand US Dollars). This letter of guarantee shall be granted prior to filing a motion of this kind and shall remain in force for at least one (1) year; and the secured party shall renew it if the proceeding for annulment has not ended within the original term of the letter of guarantee. The letter of guarantee shall be kept by a notary public in and for Lima appointed by the party granting it. The notary public shall be instructed not to deliver the letter of guarantee to the other party, except in case of final and enforceable resolution against the party who filed the motion for annulment of the award.

This letter of guarantee shall be returned to the party who filed the motion for annulment or challenge only if such proceeding ends with a

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firm and final court ruling in favour of such party. Otherwise, the letter of guarantee shall be executed in favour of the party who did not file any motion and it shall be considered by the parties as a penalty. Such penalty shall not limit the amount of the damages, expenses or fees owed to the party who did not file the motion.

8.                                    The place of the arbitration shall be the city of Lima, Peru and the language of the arbitration shall be Spanish.

In addition, the parties agree that, should the intervention of the ordinary judges and courts be required by a court ruling, the parties expressly submit to the jurisdiction of the Judges and courts of the judicial district of Lima Cercado, waiving the jurisdiction of their domiciles.

(c)                               Unless otherwise established herein, this Escrow Agreement may be amended only through a document executed by all the parties and persons involved in this Escrow Agreement.

(d)                              Any failure or delay by a party to exercise any right hereunder shall not be construed as a waiver of such right. No waiver hereunder shall be considered effective unless such waiver is stated in a written document.

(e)                               The invalidity, nullity or voidability of any article or section of this Escrow Agreement shall not affect the enforceability of the other articles thereof.

(f)                                 This Escrow Agreement shall be effective until the full amount of the Deposit is transferred to the Sellers and/or to MPC, as provided in the Escrow Agreement, the Master Agreement and the Stock Purchase Agreement.

(g)                              The headings of this Escrow Agreement are for reference only and have no effect on the construction or performance of this Escrow Agreement.

(h)                              This Escrow Agreement shall be executed in three (3) counterparts, each of which, upon its execution and delivery, shall be considered as an original document and all of which shall constitute a single agreement. The counterparts shall be delivered to the Sellers, the Bank and MPC.

(i)                                  Neither the Sellers nor the Bank or MPC may assign, in whole or in part, its rights or obligations hereunder without the prior written authorization of their counterparties.

(j)                                  All the notices, requests, claims and any other communication required or which may be sent hereunder shall be made in writing and sent to the following addresses, fax numbers (with acknowledgement of receipt) or registered mail, as indicated below:

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To the Sellers:

 

 

 

 

 

Attention:

 

[·]

Address:

 

[·]

Telephone:

 

[·]

Fax Number:

 

[·]

Email:

 

[·]

 

To the Bank:

 

 

 

 

 

Attention:

 

[·]

Address:

 

[·]

Telephone:

 

[·]

Fax Number:

 

[·]

Email:

 

[·]

 

To MPC:

 

 

 

Attention:

Armando Arrieta
Charles Graham Preble
H. Eric Peitz

Address:

Av. San Borja Norte 1302, San Borja

Telephone:

476-7000
225-4667

Fax Number:

226-5181

Email:

cgpreb1e@msn.com

 

tjfperu@yahoo.com

 

Any change of address or information of either party shall take effect only if notified in writing to the other party at least ten (10) calendar days in advance of the date when the change of address shall occur.

In the event of failure to comply with any of the requirements indicated in the preceding paragraph, the change of address or information shall not take effect and shall not be enforceable against the parties. In this case, all the communications and notices shall be sent to the addresses, fax numbers and persons indicated in this Item, considering them valid and effectively made.

(k)                                  Any company that merges with and into the Bank or the surviving company resulting from to the merger or any company that enters into a merger, spin-off or consolidation agreement of which the Bank forms an integral part or any company succeeding the Bank in its business shall be the successor of the Bank without the parties being required to execute or register any document or take any additional action, unless the law requires a transfer or assignment instrument to make the succession effective, notwithstanding any other provision to the contrary included herein.

Signed in Lima this [·] day of [·], 2006.

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MPC
Representatives: Charles Graham Preble and H. Eric Peitz

 

Duvaz
Representatives: Jaime Rodríguez Mariátegui
Proano and Gonzalo Rodríguez Mariátequi Canny

 

 

 

Luis Rodríguez Mariátegui Canny

 

Jaime Rodríguez Mariátegui Blume

 

 

 

The Bank
Representatives: [·]

 

Melissa Gabriela Patroni Dedekind

 

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APPENDIX D TO THE OPTION AGREEMENT

FORM OF NOTICE OF TRANSFER OF SHARE INTERESTS IN THE
CONCESSIONS LISTED IN POINTS 5.2, 5.3 AND 5.4 (“GRANCERO”, “LOLA”
AND “POBRE DIABLO”)

Notarized Letter

Lima, [·][·], 200  

Sociedad Minera de Responsabilidad Limitada

Grancero de Huancayo

Attention:

General Manager

 

 

Ref:

Transfer of share interests issued by Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo

 

Dear Sirs,

We hereby inform you that on [·], Minera Perú Copper S.A. has sent Sociedad Minera Austria Duvaz S.A.C. (“Duvaz”) an offer to purchase the total number of share interests held by Duvaz in Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo, which represent 33.33% of its capital stock.

The value agreed to be assigned to 33.33% of the share interests of Sociedad Minera Grancero de Huancayo, holder of “Grancero” and “Lola” mining concessions, amounts to US$1,988,600 (One Million Nine Hundred and Eighty-Eight Thousand Six Hundred US Dollars). The terms and other conditions of this transfer of shares are contained in the form of contract attached to this letter.

In this line of thought, and pursuant to Section 201 of the Consolidated Text of the Mining Law, approved by Supreme Executive Order 014-92-EM, we request you to make this notice known to the other members of Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo, within three (3) business days from the receipt hereof, so that, within fifteen (15) calendar days from notice, they may exercise, if applicable, the right of first refusal established by such provision.

Any notice, request, consent or other communication required in connection with this letter shall be sent in writing as follows:

Sociedad Minera Austria Duvaz S.A.C.

Attention:         Jaime Rodriguez Mariátegui Proaño

Av. José Galvez Barrenechea Nº 925, San Borja

Lima 41, Peru

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Cc:          Minera Perú Copper S.A.

Attention:       Charles Graham Preble

Av. San Borja Norte Nº 1302, San Borja

Lima 41, Peru

The notices sent to addresses and persons other than those indicated above shall be considered not forwarded.

Should the other members of Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo fail to notify us, within the statutory term, of their intention to purchase the share interests of Duvaz under the same or better conditions than those indicated, it shall be understood that they are not interested in said acquisition. Duvaz being entitled to transfer to Minera Perú Copper S.A. the share interests issued by Sociedad Minera de Responsabilidad Limitada Grancero de Huancayo that are held by our company.

Sincerely yours,

[·]

 

[·]

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

                MINERA PERÚ COPPER S.A.

 

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Notarized Letter

Lima, [·][·], 200  

Sociedad Minera de Responsabilidad Limitada

Pobre Diablo de Huancayo

Attention:

 

General Manager

 

 

 

Ref:

 

Transfer of share interests issued by Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo

 

Dear Sirs,

We hereby inform you that on [·], Minera Perú Copper S.A. has sent Sociedad Minera Austria Duvaz S.A.C. (“Duvaz”) an offer to purchase the total number of share interests held by Duvaz in Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo, which represent 20% of its capital stock.

The value agreed to be assigned to 20% of the share interests of Sociedad Minera Pobre Diablo de Huancayo amounts to US$326,000 (Three Hundred Twenty-Six Thousand US Dollars). The terms and other conditions of this transfer of share interests are established in the form of contract attached to this letter.

In this line of thought, and pursuant to Section 201 of the Consolidated Text of the Mining Law, approved by Supreme Executive Order 014-92-EM, we request you to make this notice known to the other members of Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo, within three (3) business days from the receipt hereof, so that, within fifteen (15) calendar days from notice, they may exercise, if applicable, the right of first refusal established by such provision.

Any notice, request, consent or other communication required in connection with this letter shall be sent in writing as follows:

Sociedad Minera Austria Duvaz S.A.C.

Attention:         Jaime Rodriguez Mariátegul Proaño

Av. José Gálvez Barrenechea Nº 925, San Borja

Lima 41, Peru

Cc:                               Minera Perú Copper S.A.

Attention:        Charles Graham Preble

Av. San Borja Norte Nº 1302, San Borja

Lima, 41, Peru

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The notices sent to addresses and persons other than those indicated above shall be considered not forwarded.

Should the other members of Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo fail to notify us, within the statutory term, of their intention to purchase the share interests of Duvaz under the same or better conditions than those indicated, it shall be understood that they are not interested in said acquisition, Duvaz being entitled to transfer to Minera Perú Copper S.A. the share interests issued by Sociedad Minera de Responsabilidad Limitada Pobre Diablo de Huancayo that are held by our company.

Sincerely yours,

[·]

 

[·]

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

          MINERA PERÚ COPPER S.A.

 

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APPENDIX E TO THE OPTION AGREEMENT

FORM OF NOTICE OF TRANSFER OF ALIQUOTS TO THE CO-OWNERS OF THE
CONCESSION LISTED IN POINT 5.1 (“CALABAZA”)

Notarized Letter

Lima, [·] [·], 200

[Insert name of addressee]

Ref:   Transfer of aliquots in “Calabaza” mining concession

Dear Sirs,

We hereby inform you that on [·], Sociedad Minera Austria Duvaz S.A.C. (“Duvaz”) entered into an asset transfer agreement, which includes the aliquots it held in “Calabaza” mining concession, in favour of Minera Perú Copper S.A.

As you are aware of, Duvaz and you were co-owners of “Calabaza” mining concession, corresponding to Duvaz the rights and shares of an aliquot equivalent to 33.33% of such concession.

By virtue of the transfer made, Minera Perú Copper S.A. is now the holder of the aforementioned aliquot equivalent to 33.33% of “Calabaza” concession. This transfer has been registered in [·](1)

Any notice, request or other communication to be sent in connection with this letter shall be sent as follows:

Sociedad Minera Austria Duvaz S.A.C.

Attention: Jaime Rodriguez Mariátegui Proaño

Av. José Gálvez Barrenechea N° 925, San Borja

Lima 41, Peru

Cc:          Minera Perú Copper S.A.

Attention: Charles Graham Preble

Av. San Borja Norte No 1302, San Borja

Lima, 41, Peru

The notices sent to addresses and persons other than those indicated above shall be considered not forwarded.

Sincerely yours,

[·]

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

(1) Details of registration with the Public Records Office

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APPENDIX E-1 TO THE OPTION AGREEMENT

FORM OF NOTICE FOR EXERCISING THE RIGHT OF REVOCATION OF THE
CO-OWNERS OF THE CONCESSION LISTED IN POINT 5.1 (“CALABAZA”)

NOTICE

Pursuant to Section 1596 of the Civil Code we hereby inform the heirs of Tomás Marsano Gutiérrez and Clotilde Campodόnico Vda. de Marsano: Ernesto Leguía Servat, Caríos Leguía Servat, Tomas Leguía Servat, Rossana Leguía Servat, Tomás Héctor Mattellini Marsano, Raymundo Morales Dasso, Delia Revoredo Marsano, Jaime Revoredo Marsano, Susana La Rosa Vda. de Deacon, Luis A. Deacon La Rosa, María Catalina llich Vda. de Deacon, Gustavo Deacon llich, Alejandro Deacon llich, María Catalina Deacon llich, María Catalina Deacon llich (sic), María Clotilde Deacon llich, Caríos Eugenio Deacon llich, Carmen Marsano Porras, María Teresa Conroy de Marsano, Andrés Marsano Conroy, Verόnica Marsano Conroy, Claudia Marsano Conroy, Violeta de la Rossa Vda. de Marsano, Tomas Victor Marsano della Rossa, Violeta Marsano della Rossa, Enrique Marsano della Rossa, Marco Antonio Guezzi Vargas, Sandra Garcia Marsano, Antonella Guezzi Marsano and Matilde Marsano Miro Quesada, the following:

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C. on[•] entered into with MINERA PERÚ COPPER S.A. an Asset Transfer Agreement, which includes the aliquots it held in “Calabaza” mining concession, jointly owned by Duvaz and the heirs of Tomás Marsano Gutiérrez and Clotilde Campodόnico Vda. de Marsano, corresponding to Sociedad Minera Austria Duvaz S.A.C. the rights and shares over 33.33% of said mining concession.

Consequently, by virtue of the transfer made, MINERA PERÚ COPPER S.A. is now the holder of the aforementioned aliquot, equivalent to 33.33% of “Calabaza” mining concession. This transfer was recorded in [·](1)

Any notice, request or other communication to be sent in connection with this notice shall be sent as follows:

Sociedad Minera Austria Duvaz S.A.C.

Attention: Jaime Rodriguez Mariátegui Proaño

Address: Av. José Gálvez Barrenechea N° 925, San Borja

Cc:         Minera Perú Copper S.A.

Attention:  Charles Graham Preble

Address: Av. San Borja Norte N° 1302, San Borja

(1) Details of registration with the Public Records Office

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The notices sent to addresses and persons other than those indicated above shall be considered not forwarded.

Lima, [·][·], 200

SOCIEDAD MINERA AUSTRIA DUVAZ S.A.C.

 

MINERA PERÚ COPPER S.A.

 

SY-CE-PB/BA

272747K6.20

126