Exhibit 10.6
Xxxxx Xxxxxxx Xxxxxxx
000 Xxxxx Xxxxxxxx #000
X.X. Xxxxxx
September 30th, 2012
Xxxxxxxx Xxxxx
Placer Del Mar, Ltd.
000 Xxxxxxxxxx Xxxxxx #000
Xxx Xxxxx, XX 00000
Dear Xxxxxxxx:
Per our conversation please accept this letter to formalize our agreement. As
per section 4.1 of the Mineral Rights Revenue Sharing Agreement between me and
Placer Del Mar, Placer Del Mar was to begin making payments of $6,666 per month
on April 1, 2012.
As we discussed I understand your situation with collecting outstanding
receivables and agree to extend the payment due date from April 1, 2012 to
December 31, 2012. The monthly amount of $6,666 will continue to accrue as of
April 1, 2012 and if you are able to make payments before December 31, 2012 the
amount due on that date will be $133,320.00.
Respectfully yours,
/s/ Xxxxx Xxxxxxx Xxxxxxx
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Xxxxx Xxxxxxx Xxxxxxx
