American Magna Corp. Henderson, Nevada, 89074Conversion of Loan to Shares • March 26th, 2014 • American Magna Corp • Services-business services, nec • New York
Reference is hereby made to the Bridge Loan Agreement dated August 20, 2010, as amended on each of August 20, 2011, August 27, 2012 and August 27, 2013 (the "Loan Agreement"), between yourself (hereinafter the "Investor") and American Magna Corp. f/k/a Dakota Gold Corp., a Nevada corporation (the “Company”) pursuant to which the Investor lend the Company the aggregate sum of $113,610 at 5% annual interest; such sum due and payable by the Company on August 27, 2014. This letter sets forth the terms of our mutual agreement to exchange the outstanding principal and all accrued interest thereto for shares of common stock of the Company in accordance with the terms below.
