0001010412-12-000312 Sample Contracts

BRANNON LIMITED PARTNERSHIP
Note Settlement Agreement • August 15th, 2012 • Lka International Inc /De/ • Mining & quarrying of nonmetallic minerals (no fuels) • Florida

Brannon Limited Partnership (BLP) (the “Noteholder”) is very pleased to present this Note Settlement Agreement (the “Agreement”) to LKA International, Inc. a Delaware Corporation (LKA) (the “Company”). This Agreement shall define the terms under which BLP and LKA will settle the outstanding Note issued by LKA and held by BLP. This Agreement shall become effective as of the date set forth above upon execution and delivery of this Agreement by both Parties.

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