Exhibit 10.7
(English Translation)
SIGHT LOAN
JORGE ORELLANA E.I.R.L.
TO
MINERA LICANCABUR S.A.
In Santiago de Chile on September 11, 2008, there appears JORGE ORELLANA E.I.R.L., RUT No. 76,458,450-3, represented by JORGE OSVALDO ORELLANA ORELLANA, IDENTITY CARD No. 6,784,858-6, for these purposes both domiciled at LATORRE No. 2077, CALAMA, and in transit in this city, hereinafter “LENDER,” and MINERA LICANCABUR S.A., RUT No. 76,009,516-8, represented by JORGE OSVALDO ORELLANA ORELLANA, IDENTITY CARD No. 6,784,858-6, domiciled at LA PASTORA No. 121, OFFICE 201, LAS CONDES, hereinafter the “BORROWER,” the deponents being of legal age, who prove their identity with the aforementioned identity cards and state:
ONE: JORGE ORELLANA E.I.R.L. delivers to MINERA LICANCABUR S.A. the amount of $200,000,000 (TWO HUNDRED MILLION PESOS), which it receives to its full satisfaction accepts for itself.
TWO: MINERA LICANCABUR S.A. undertakes and promises to refund the amount received on sight, without interest and without defined term.
THREE: The expenses and taxes levied on this loan contract will be paid by the borrower.
FOUR:For all legal purposes, the parties establish domicile in the community of Santiago in the Metropolitan Area.
The tax levied on this loan was paid by form 24.1 FOLIO 0544782
[stamp:] | |
ANTONIETA MENDOZA ESCALAS | |
NOTARY | |
CHILE | |
[signature] [fingerprint] | [signature] [fingerprint] |
JORGE ORELLANA E.I.R.L. | MINERA LICANCABUR S.A. |
I certify the signature of JORGE OSVALDO ORELLANA ORELLANA, IDENTITY CARD No. 6,784,858-6, in representation of JORGE ORELLANA E.I.R.L., as Lender, and in representation of MINERA LICANCABUR S.A., as Borrower
SANTIAGO, SEPTEMBER 11, 2008.
[stamp:]
ANTONIETA MENDOZA ESCALAS
NOTARY PUBLIC
16th NOTARY OF SANTIAGO