among : arh management ltd., a british columbia corporation, having a business address at 3024 procter avenue, west vancouver, bc v7v 1g1 ( the " consultant " ) of the first part and : anthony r. harvey of 3024 procter avenue, west vancouver, bc v7v 1g1 ( " harvey " ) of the second part and : canyon copper corp., a nevada corporation, having its head office at suite 408 – 1199 west pender street, vancouver, bc v6e 2r1 ( the " corporation " ) of the third part whereas : ( 1 ) loan of cad $ 75, 000 bearing interest at a rate of 15 % per annum and due on may 22, 2014, with accrued interest of cad $ 18, 062 as at june 30, 2012 ; ( 2 ) loan of usd $ 50, 000 bearing interest at a rate of 15 % per annum and due on april 1, 2014, with accrued interest of usd $ 12, 986 as at june 30, 2012 ; and ( 3 ) loan of cad $ 75, 000 bearing interest at a rate of 15 % per annum and due on july 1, 2014, with accrued interest of cad $ 16, 274 as at june 30, 2012, ( a ) the unpaid consulting fees on the earlier of june 30, 2013 ( the “ initial due date ” ), subject to the consultant electing to extend the initial due date in accordance with section 4 of this termination agreement, and the corporation completing financing with minimum net proceeds of usd $ 3, 500, 000 ; and ( b ) the loans on their respective due dates as set forth in recital c of this termination agreement. per : / s / anthony r. harvey anthony r. harvey, president 408 – 1199 w. pender street, vancouver, bc / s / anthony r. harvey address of witness anthony r. harvey per : / s / benjamin ainsworth benjamin ainsworth, president