Exhibit 10.6
TARI, INC.
0000 Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx
Xxxxxx
July 24, 2006
Xx. Xxx Xxxxxxxxx,
0000 Xxxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxx 00000
Dear Sir:
Re: SP Project, Storey County - Mineral Claims Lease
We hereby confirm our agreement to amend our Lease Agreement dated effective May
15, 2001, as amended, by replacing paragraph G of the original agreement with
the following:
"G. Schedule of Minimum Payments The Lessee shall pay to the Lessor minimum
payments, which shall be advance payments of the Royalty, of US$2,000 upon
execution of this lease. The Lessee may extend this lease upon payment of the
following:
I Pay Lessor an additional US$20,000 immediately upon execution of this
amendment and
2. Each annual payment thereafter shall be US$50,000 plus an annual
increase or decrease equivalent to the rate of inflation designated by
the Consumer's Price Index for that year with execution year as base
year. Each such payment shall be made by January 9 of each successive
year of the lease."
If the foregoing accurately sets forth your understanding of our agreement,
kindly sign this Agreement where indicated below, which will then form a binding
agreement between us, subject only to the terms and conditions aforesaid.
Yours truly, TARI, INC.
PER: Agreed and accepted on July 24, 2006
/s/ Xxx Xxxxxxxxx
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XXXXXXXX XXXXXXXXX Xxx Xxxxxxxxx
C.E.O.
