EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • December 29th, 2015 • Timberline Resources Corp • Gold and silver ores • Idaho
THIS EMPLOYMENT AGREEMENT (“Agreement”), is made and entered into effective as of the Effective Date of August 28, 2015, by and between Timberline Resources, Corp., a Delaware corporation with a principal business address of 101 E. Lakeside Avenue, Coeur d’Alene, Idaho 83814 (the “Company”) and Kiran Patankar (the “Executive” or “Employee”).
September 21, 2015 Mr. Paul Dircksen Via email: dircksen@timberline- resources.com Re: Letter Agreement regarding Terms of Relationship Mr. Dircksen:Timberline Resources Corp • December 29th, 2015 • Gold and silver ores
This letter agreement sets forth the agreed upon terms and conditions of your continuing relationship with Timberline Resources Corporation (the “Company”) pursuant to our agreements in prior conversations. This letter supersedes in respects the terms and conditions of your current agreement with the Company, dated effective May 1, 2006 (“Prior Agreement”), and pursuant to your agreement to the terms and conditions set forth herein you agree that your Prior Agreement is hereby terminated in its entirety and that you hereby waive any claims, rights, assertions or other causes of action of any kind, whether by law or in equity, arising from or related to the terms and conditions of your employment as set forth in the Prior Agreement, including but not limited to, any right to assert payment for any change of control pursuant to the terms and conditions of the Prior Agreement.
September 2, 2015 Mr. Randal L. Hardy Via email: hardy@timberline-resources.com Re: Letter Agreement regarding Terms of Relationship Mr. Hardy:Timberline Resources Corp • December 29th, 2015 • Gold and silver ores
This letter agreement sets forth the agreed upon terms and conditions of your continuing relationship with Timberline Resources Corporation (the “Company”) pursuant to our agreements in prior conversations. This letter supersedes in respects the terms and conditions of your current agreement with the Company, dated effective August 27, 2007 (“Prior Agreement”), and pursuant to your agreement to the terms and conditions set forth herein you agree that your Prior Agreement is hereby terminated in its entirety and that you hereby waive any claims, rights, assertions or other causes of action of any kind, whether by law or in equity, arising from or related to the terms and conditions of your employment as set forth in the Prior Agreement, including but not limited to, any right to assert payment for any change of control pursuant to the terms and conditions of the Prior Agreement.
