MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • June 5th, 2013 • North Bay Resources Inc • Metal mining
This document sets forth the terms of an agreement concluded between North Bay Resources, Inc. (the “Company”) and William M. Greene (Investor) (collectively the “Parties”) during negotiations on June 2, 2013. The purpose of the agreement is to obtain short term financing for the Company in return for Investor’s rights to purchase certain specimen gold from the Company’s Ruby Gold Mine in Sierra County, California.
