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EXHIBIT 10.(XXXV)
(NEVADA MANHATTAN MINING LETTERHEAD)
August 7, 1998
Xx. Xxx Xxxxxx
Xxxxx Financial
000 Xxxxxx X
Xxxxxxx Xxxxx, XX 00000
Addendum No. 3 to April 22, 1998 Letter Agreement
Dear Xxx:
The parties to the agreement dated April 22, 1998 (the "Agreement") hereby
agree, as evidenced by the signatures below, that the Agreement will be amended
in order to extend the time granted to you in which to purchase additional
shares of Nevada Manhattan Mining Common Stock as required by the terms of the
Agreement.
The parties hereby agree that the 5,000,000 shares issued by Nevada Manhattan
Mining Inc. (the "Company") to Xxx Xxxxxx, subject to the condition of the
additional purchase of shares, will be returned to the custody of the Company in
sixty days if the purchase of additional shares has not been completed. The
Company may elect to cancel said shares.
The 292,598 hectares of property (the "Property"), consisting of a number of
parcels located in Brazil, represented by the original Xxxxx Xxxxx conveyed to
the Company on April 29, 1998, will remain the sole property of Nevada Manhattan
Mining as damages for non-compliance with the financial terms imposed by the
Agreement.
Should Xxx Xxxxxx/Xxxxx Financial make available the funds required under the
Agreement in this sixty-day time frame, the 5,000,000 shares for the property
acquisition will be released to Xx. Xxxxxx and additional shares of the
Company's Common Stock will be issued for the capital provided at the price of
50% of the average closing bid for the five days preceding purchase.
Xxx Xxxxxx/Xxxxx Financial hereby conveys to Xxxxxxx X. Xxxxxx/Xxxxxxxxxxx X.
Xxxxxxxx the right to vote the 5,000,000 shares.
Further, Xxx Xxxxxx will continue to receive consulting fee payments in the
amount of $1,400.00 per month for an additional period of sixty (60) days from
the signing of this Addendum. Should the Property be conveyed to the Company as
damages, the Consulting Agreement will remain in force for 18 months from the
date of this Addendum.
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Xx Xxx Xxxxxx/Xxxxx Financial
August 7, 1998
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At the end of the sixty-day period, should Xxx Xxxxxx/Xxxxx Financial be unable
to purchase the additional shares required by the Agreement, the Property
conveyed to Nevada Manhattan Mining will become the sole property of Nevada
Manhattan Mining, to be placed on the books of the Company, pursuant to the
damages stated above.
Sincerely,
/s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Chief Operating Officer
AGREED TO AND ACCEPTED this Seventh day of August, 1998, at Calabasas,
California:
XXXXX FINANCIAL
/s/ Xxx Xxxxxx /s/ Xxx Xxxxxx
By:____________________ By: ____________________________
Xxx Xxxxxx, an authorized Xxx Xxxxxx, Individually
Representative
