| It is the intention and objective of both SOLTERA MINING CORP ( “Soltera” ) and the GTS Gold Trading Service DMCC or a legal entity or natural person to be determined by the CEO of GTS Gold Trading Service DMCC in the future following the signing and the activation of the present agreement ( “GTS” ) to cooperate in the re-start of the exploration, resources definition and subsequent exploitation operation for the Soltera El Torno project in Argentina ( “Exploration” ) and to cooperate in the research and acquisition of at least two new exploration/mining licenses in other parts of the world in order to broaden Soltera’s asset base. GTS intends to recapitalize Soltera with up to USD21.363.636,36 paid in tranches to achieve the following: 1. Restart exploration on the El Torno property with drilling and metallurgical test work. $600k 2. Complete Soltera’s regulatory SEC filings. $200k 3. Commission a NI 43-101 report on the El Torno project using an internationally reputed consultancy company. $100k 4. Acquire the El Torno mineral licence. $2,750k 5. Complete development test work and start exploitation of surface mineralized areas on the El Torno Property. $1.000 to $8.000k. 6. Start researching and examining new prospects and mining licenses in other part of the world to spread Soltera’s asset base. $200k 7. Acquire and commence development of new prospects and mining licenses. $4,000k The purpose of this Indicative Transaction Outline Term Sheet is to summarize the envisaged method of cooperation in restructuring the activities of Soltera. The current ownership structure of Soltera is known to the Parties. |