Binding Memorandum of UnderstandingEmployment Side Letter Agreement • May 15th, 2009 • Golden Phoenix Minerals Inc • Metal mining
This is a binding Memorandum of Understanding (MOU) between Golden Phoenix (GPXM) and Win-Eldrich Gold Inc. (WEG) regarding the purchase of 100% of GPXM interest in the Ashdown Project LLC (LLC). The general terms of this MOU are modified and agreed to by the boards of GPXM and WEG as of February 28, 2009. The MOU is subject to TSX venture approval and financing.
