PGM Ventures Corporation Suite 1003, 60 Yonge Street, Toronto, Ontario. M5H 4EH 416-815-8666 Letter AgreementLetter Agreement • October 2nd, 2002 • Nord Pacific Limited • Metal mining • Ontario
This Letter Agreement (the "Agreement") is made and entered into this 20th day of September, 2002 by and between PGM Ventures Corporation ("PGM"), a corporation organized and existing under the laws of New Brunswick, Canada, having its principal office at Suite 1003, 60 Yonge Street, Toronto, Ontario M5E 1H5, and Nord Pacific Limited ("NPL"), a corporation organized under the laws of New Brunswick, Canada, having its principal office at 2727 San Pedro, N.E., Suite 116, Albuquerque, New Mexico, 87110. PGM and NPL shall mean the companies and their subsidiaries and all companies and entities over which they have managerial and/or equity control. Within ten (10) days following the date of this Agreement, all appropriate subsidiaries of NPL having any interest or potential interest in the properties subject to this Agreement shall confirm in writing to PGM that they are bound by the terms hereof, which confirmations shall be attached as exhibits to this Agreement.
