Attach to Exhibit 10.18
Attached hereto is an English translation of the original Spanish version
of the Assignment Agreement regarding Mintec's rights and obligations under the
Purchase Option Agreement between Mintec and ASC Bolivia LDC. The Company
employed translators to translate the above referenced agreement and based on
this the undersigned believes that the attached is a fair and accurate English
translation of the above referenced agreement.
/s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
Director
Apex Silver Mines Limited
Date: August 29, 1997
Exhibit 10.18
Special Notary of Mines and Petroleum, La Paz, Bolivia. Deed number 111:
Cession of Option to Buy with Irrevocable Promise to Sell mining concessions
called Animas and Sucesivas Animas, located in the jurisdiction of San Xxxxxxxxx
xxxxxx in Nor Lipez and Xxxxx Xxxxxx provinces, respectively, of Potosi
Department, signed between the Litoral Mining Cooperative, Ltd., Empresa Minera
Tecnica Consultores Asociados S.A. (MINTEC) and the company ASC Bolivia LDC.
First. Antecedents. Xxx Xxxx Xx. 000 ("Xxxxxxxx") given on the 17/th/ of
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August 1995 by the Special Notary of Mines and Petroleum of this City, the
Litoral Ltd. Mining Cooperative ("Seller") gave in favor the company Mineria
Tecnica Consultores SA (MINTEC) the option to purchase the following mining
concessions:
1. "Animas" of 200 mining pertenences of exploitation, with Executive Title of
Law No. 7/1970 dated February 11, 1970 duly inscribed in the Mining and Real
Property registry.
1. "Sucesivas Animas" of 80 mining pertenences of exploitation, with Executive
Title of Law No. 24/1968 dated August 15/th/ nineteen sixty-eight, duly
inscribed in the Mining and Real Property Registry.
The mentioned mining concessions are to be found in the jurisdiction of San
Xxxxxxxxx xxxxxx, Nor Lipez province, Potosi Department.
Second. Cession. It being convenient to the interests of the mentioned
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contracting parties, MINTEC S.A. under the support of articles 539 et seq of the
Civil Code cedes the Contract in favor of ASC Bolivia LDC. As a consequence,
from the date of this document ASC Bolivia LDC assumes all of the rights and
obligations of MINTEC S.A. under the Contract, the Seller recognizing in favor
of ASC Bolivia LDC exclusively and irrevocably, the right to purchase the mining
concessions described in the first clause of this clause, with more [sic] its
uses, customs and easements, without any limitation save that stipulated in the
Contract, which remains in force and with legal validity between the Seller and
ASC Bolivia LDC and in all ways which are not contradictory to this contract.
Third. Liberation of MINTEC S.A. As a consequence of this cession, MINTEC S.A.
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has been completely freed of each and every one of its obligations under the
Contract, the same that has been assumed by ASC Bolivia LDC in accordance with
the stipulated in same.
Fourth, Acceptance. Expenses and Registrations. All of the expenses including
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notarial and other registrations shall be borned by ASC Bolivia LDC.
Fifth. Acceptance.
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for the Cooperative: Xxxxx Xxxxxxx Xxxxxx, Xxxxxxxx Xxxxxxx Calcina and
Xxxxxxxx Xxxxxxx Xxxxxx.
for MINTEC:
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Xxxxx Xxxxx xx Xxxxx
for ASC Bolivia:
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Xxxxxxxx Xxxxx
Witness:
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Xxxxxx Xxxxxxx Xxxxxxxxxx
Xxxxxx of Attorney...
Signed, May 22, 1996.
