0001003297-04-000183 Sample Contracts

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AMENDING AGREEMENT
Amending Agreement • April 16th, 2004 • Nord Pacific Limited • Metal mining

WHEREAS Nord Pacific Limited ("Nord"), Nord Australex Nominees (PNG) Limited ("Australex"), Simberi Gold Company Limited ("SGC") and PGM Ventures Corporation ("PGM") have entered into the Simberi Mining and Tabar Exploration Joint Venture Agreement on the 29th day of November, 2002 (the "Joint Venture Agreement");

SETTLEMENT AGREEMENT &: MUTUAL RELEASE
Settlement Agreement • April 16th, 2004 • Nord Pacific Limited • Metal mining • New Mexico

THIS SETTLEMENT AGREEMENT is executed by the following Parties and is effective as of October 29, 2001: Nord Pacific Ltd. ("Nord"), a New Brunswick, Canada corporation, and Hicor Corporation, ("Hicor") a Delaware corporation, and W. Pierce Carson ("Carson"), joined by his spouse Mariann J. Carson ("Spouse"), collectively the "Parties" unless the context otherwise appears:

SETTLEMENT AGREEMENT
Settlement Agreement • April 16th, 2004 • Nord Pacific Limited • Metal mining • New Brunswick

NORD PACIFIC LIMITED, a body corporate of the Province of New Brunswick, Canada, with offices in Albuquerque, New Mexico ("Nord Pacific");

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