assignment agreement this assignment agreement is made the 25th day of june, 2011. between : airon peru s. a. c. calle buen retiro 155 int. 404, san borja, lima - peru represented by mr. carlos castillo ( the “ airon ” ) and : portage resources peru s. a. calle alcanfores # # # - # # # - # # # # miraflores lima - peru represented by mr. paul luna, with id n°07863062 ( the “ portage ” ) whereas : 1 the airon has a joint venture to invest on exploration with the owner of the mining concession called wuakakuy, with code n°010062506, with 400 hectares, located in putina district, san antonio de putina province, department of puno ( the concession ). 2 the portage is a company incorporated in peru and wants to invest in exploration in the concession. in consideration of the agreements contained herein and other good and valuable consideration, the parties hereto covenant and agree each with the other as follows : 1. 1. currency 1. 1. 1. 1. in this agreement words or figures expressed in dollars or the symbol for dollars without any other indication mean the specified amount in lawful currency of the united states. 1. 2. number and gender where the context so requires, all references to this assignment agreement to the singular shall be deemed to include the plural and all references to the masculine shall be deemed to include the feminine and neuter genders and a body corporate and vice versa. 1 1 1 1. 3. headings the headings in this assignment agreement form no part of this assignment agreement and shall be deemed to have been inserted for convenience of reference only. 1. 4. governing law and attornment 1. 4. 1. 4. this assignment agreement shall be governed by and construed in accordance with the laws of peru. all disputes arising under the assignment agreement will be referred to the courts of the province of lima the parties irrevocably submit to the non - exclusive jurisdiction of the courts of the province of lima. 2. the concession : 2. 1. details 2. 1. 2. 1. name : wuakakuy code n°010062506 hectares 400 ha located : putina district, san antonio de putina province, and department of puno. 3.