RUBY DEVELOPMENT COMPANY Grass Valley, CA 95945 December 29, 2011
Exhibit 10.4
RUBY DEVELOPMENT COMPANY
P.O. Box 1241
Grass Valley, CA 95945
December 29, 2011
Xxxxx Xxxxxxx, CEO
P.O. Box 162
Skippack, PA 19474
000-000-0000
Dear Xxxxx,
This letter is to formalize our agreement that, as per the emails between our companies, Ruby Development Company hereby authorizes North Bay Resources to pay reduced monthly mortgage payments of TEN THOUSAND DOLLARS ($10,000.00) principal and interest for each of the three mortgage payments due and payable on January 1, 2012, February 1, 2012, and March 1, 2012.
Yours truly,
RUBY DEVELOPMENT COMPANY
| By: | /s/ X.X. Xxxxxxxxxx |
| X. X. “Xxxx” Xxxxxxxxxx, Partner |
Acknowledged and Agreed this 29th day of December, 2011,
North Bay Resources, Inc.
| By: | /s/ Xxxxx Xxxxxxx |
| Xxxxx Xxxxxxx, President and CEO |
