August 15, 2011
Exhibit 99.12
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▇▇▇ Metals, LLC
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K&L Gates LLP
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| RE: | Extension of Termination Date |
This letter agreement (this “Letter Agreement”) evidences the mutual agreement between myself, NTR Metals, LLC, a Texas limited liability company (“NTR”), and K&L Gates LLP (the “Escrow Agent”) in accordance with Section 12(d) of that certain Escrow Agreement, dated June 10, 2011, by and between myself, NTR and the Escrow Agent, as previously amended by that certain Letter Agreement, dated July 15, 2011, by and between myself, NTR and the Escrow Agent (the “Escrow Agreement”), to extend the Termination Date (as that term is defined in the Escrow Agreement) to September 15, 2011.
If this Letter Agreement is acceptable to you, please indicate your acceptance by executing the following page and returning to the undersigned a copy of this Letter Agreement.
| Very truly yours, |
| /s/ ▇▇. ▇.▇. ▇▇▇▇▇ |
| ▇▇. ▇.▇. ▇▇▇▇▇ |
Page 2
Accepted and agreed to this 15th day of August, 2011:
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ | |
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇ | |
| Title: | President | |
| K&L Gates LLP | ||
| By: |
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| Name: | I. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Esq. | |
| Title: | Partner | |