Agreement to Exchange Accrued Salary for Common Shares Sample Contracts

AGREEMENT TO EXCHANGE ACCRUED SALARY FOR COMMON SHARES

Agreement to Exchange Accrued Salary for Common Shares • November 13th, 2013 • Minerco Resources, Inc. • Drilling oil & gas wells • New Hampshire

• Contract Type
  Agreement to Exchange Accrued Salary for Common Shares
• Filed
  November 13th, 2013
• Company
  Minerco Resources, Inc.
• Industry
  Drilling oil & gas wells
• Jurisdiction
  New Hampshire

WHEREAS, Powers is willing to forgive his accrued salary, through May 15, 2013, in amount of Twenty-four Thousand Five Hundred Dollars and 00/100 Cents ($24,500.00) for Fifteen Million Shares of the Company’s Common Stock AND the Company is willing to exchange Powers’ accrued salary, through May 15, 2013, in amount of Twenty-four Thousand Five Hundred Dollars and 00/100 Cents ($24,500.00) for Fifteen Million Shares of the Company’s Common Stock;