Transition and Settlement Agreement Sample Contracts

PAN AMERICAN GOLDFIELDS LTD. TRANSITION AND SETTLEMENT AGREEMENT
Transition and Settlement Agreement • June 26th, 2013 • Vortex Capital LTD • Gold and silver ores • Delaware

This Transition and Settlement Agreement (this “Agreement”) is effective as of June 24, 2013 (the “Effective Date”) by and among Pan American Goldfields Ltd. (“Pan American”), Messrs. Neil Maedel, Hernan Celorrio, George Young, Randy Buchamer and Gary Parkison (collectively, the “Departing Directors”), Vortex Capital Ltd., Vortex Capital Global Precious Metals Fund, Vortex Capital Asset Management Limited (collectively, the “Vortex Group”), and each of Messrs. Laurent Deydier, Balbir Bindra, William R. Majcher, Emilio Alvarez, Bruno Le Barber (the “Vortex Nominees”, and collectively with the Vortex Group, the “Vortex Parties”). Pan American, each of the Departing Directors, each of the Vortex Parties, and Mr. Touche shall each be referred to herein as a “Party” and collectively, as the “Parties.”

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PAN AMERICAN GOLDFIELDS LTD. TRANSITION AND SETTLEMENT AGREEMENT
Transition and Settlement Agreement • June 26th, 2013 • Pan American Goldfields LTD • Gold and silver ores • Delaware

This Transition and Settlement Agreement (this “Agreement”) is effective as of June 24, 2013 (the “Effective Date”) by and among Pan American Goldfields Ltd. (“Pan American”), Messrs. Neil Maedel, Hernan Celorrio, George Young, Randy Buchamer and Gary Parkison (collectively, the “Departing Directors”), Vortex Capital Ltd., Vortex Capital Global Precious Metals Fund, Vortex Capital Asset Management Limited (collectively, the “Vortex Group”), and each of Messrs. Laurent Deydier, Balbir Bindra, William R. Majcher, Emilio Alvarez, Bruno Le Barber (the “Vortex Nominees”, and collectively with the Vortex Group, the “Vortex Parties”). Pan American, each of the Departing Directors, each of the Vortex Parties, and Mr. Touche shall each be referred to herein as a “Party” and collectively, as the “Parties.”

PAN AMERICAN GOLDFIELDS LTD. TRANSITION AND SETTLEMENT AGREEMENT
Transition and Settlement Agreement • June 21st, 2013 • Pan American Goldfields LTD • Gold and silver ores • Delaware

This Transition and Settlement Agreement (this “Agreement”) is effective as of June , 2013 (the “Effective Date”) by and among Pan American Goldfields Ltd. (“Pan American”), Messrs. Neil Maedel, Hernan Celoririo, George Young, Randy Buchamer, Gary Parkinson and Robert Knight (collectively, the “Departing Directors”), Vortex Capital Ltd., Vortex Capital Global Precious Metals Fund, Vortex Capital Asset Management Limited (collectively, the “Vortex Group”), and each of Messrs. Laurent Deydier, Balbir Bindra, William R. Majcher, Emilio Alvarez, Bruno Le Barber (the “Vortex Nominees”, and collectively with the Vortex Group, the “Vortex Parties”), and Ricardo Marcos Touche (together with the Vortex Nominees, the “Directors”). Pan American, each of the Departing Directors, each of the Vortex Parties, and Mr. Touche shall each be referred to herein as a “Party” and collectively, as the “Parties.”

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