0001062993-11-001841 Sample Contracts

Trading Symbol (TSX): GGC
Silvermex Resources Inc • May 3rd, 2011 • Mining & quarrying of nonmetallic minerals (no fuels)

When signed by you, this will confirm our agreement in respect of the full and final satisfaction of indebtedness of Genco and our subsidiary, La Guitarra Compañia Minera, S.A. de C.V., to you totalling US$ 1,483,077.01. This indebtedness will be settled by a cash payment and issuance of Genco common shares to you as set out in the following table.

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