0001001277-09-000058 Sample Contracts

SUPPLEMENTAL COMPENSATION AGREEMENT
Supplemental Compensation Agreement • May 22nd, 2009 • Golden Phoenix Minerals Inc • Metal mining • Nevada

THIS SUPPLEMENTAL COMPENSATION AGREEMENT (the “Agreement”) is made effective as of May 18, 2009, by and between Robert P. Martin, the President of Golden Phoenix Minerals, Inc. (the “Executive”) and Golden Phoenix Minerals, Inc., a Nevada corporation with its principal place of business at 1675 E. Prater Way, Suite 102, Sparks, NV 89434 (the “Company”).

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