EXTENSION AGREEMENT (Promissory Notes Maturing 10/01/2017)
(Promissory Notes Maturing 10/01/2017)
THIS AGREEMENT is made effective as of October 1, 2017by and between, Sandor Capital Master Fund. (“Sandor”), Xxxx Xxxxx, and Xxxx Xxxxx (XXX rollover) (together “Lemak”) (each with an address at 0000 Xxxxx Xx., Xxxxx 000, Xxxxxx, XX 000000 and Northsight Capital, Inc., with an address of 0000 Xxxx Xxxx Xx., Xxxxx 000, Xxxxxxxxxx, XX 00000 (the “Borrower”).
RECITALS
WHEREAS, Each of Sandor and Lemak is the holder of certain promissory notes of Borrower (“Notes”), which, as extended, were scheduled to mature October 1, 2017 (See Schedule A for Note details);
WHEREAS, Borrower and Sandor have agreed to extend the Maturity date of the Notes until December 31, 2017; and
AGREEMENT
Now, therefore, the parties hereto, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows:
1.Extension of Maturity date of Notes. The maturity date of the Notes is hereby extended until December 31, 2017 (“Maturity Date”). The Notes, except as modified hereby, remain in full force and effect.
The Parties hereto have executed this Agreement as an instrument under seal as of the date written above.
Sandor Capital Master Fund
/s/Xxxx Xxxxx |
| /s/ Xxxx Xxxxx |
Xxxx Xxxxx, duly authorized |
| Xxxx Xxxxx, individually |
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Borrower: |
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/s/ Xxxx Xxxxxxx |
| /s/ Xxxx Xxxxx |
By: Xxxx Xxxxxxx, EVP Operations |
| Xxxx Xxxxx (XXX Rollover) |
SCHEDULE A
Payee |
| Date of Note |
| Principal Amount |
| Current Maturity Date |
Xxxx Xxxxx XXX Rollover |
| 08/01/17 |
| $60,000 |
| 10/01/17 |
Xxxx Xxxxx XXX Rollover |
| 06/29/17 |
| $140,000 |
| 10/01/17 |
Xxxx Xxxxx |
| 04/01/17 |
| $102,465 |
| 10/01/17 |
Sandor Capital Master Fund |
| 04/01/17 |
| $71,097 |
| 10/01/17 |
Sandor Capital Master Fund |
| 04/01/17 |
| $42,374 |
| 10/01/17 |
