ADDENDUM TO PRODUCTION PAYMENT PURCHASE AGREEMENT BETWEEN GOLDEN PHOENIX MINERALS, INC. AND ASHDOWN MILLING COMPANY, LLC DATED AS OF THE 26TH DAY OF FEBRUARY, 2005Production Payment Purchase Agreement • March 31st, 2008 • Golden Phoenix Minerals Inc /Mn/ • Metal mining
THIS ADDENDUM is entered into as of February 6, 2008, by and between Golden Phoenix Minerals, Inc., a Minnesota corporation (the “Company”) and Ashdown Milling Company, LLC, a Nevada limited liability company (“Purchaser” or “Ashdown Milling”) for the purpose of amending that certain Production Payment Purchase Agreement, dated September 26, 2005, by and between the Company and Ashdown Milling (the “Production Payment Purchase Agreement”), (for valuable consideration, including payments to two members of Ashdown Milling to extinguish their membership interests, and a commitment by the Company to make a first quarter of 2008 payment to Ashdown Milling by April 30, 2008, the receipt of such consideration is acknowledged) to reduce the total payment obligation and reduce the rate of payment from 12% to 7.2% as follows:
PRODUCTION PAYMENT PURCHASE AGREEMENTProduction Payment Purchase Agreement • April 17th, 2006 • Golden Phoenix Minerals Inc /Mn/ • Metal mining • Nevada
This Production Payment Purchase Agreement (the “Agreement”) is entered into as of September ___, 2005, by and between Golden Phoenix Minerals, Inc., a Minnesota corporation (the “Company”) and Ashdown Milling Company, LLC, a Nevada limited liability company (“Purchaser”). Both the Company and the Purchaser may sometimes be referred to as a “Party” or collectively as the “Parties.”
PRODUCTION PAYMENT PURCHASE AGREEMENTProduction Payment Purchase Agreement • September 30th, 2005 • Golden Phoenix Minerals Inc /Mn/ • Metal mining • Nevada
This Production Payment Purchase Agreement (the "Agreement") is entered into as of September 26, 2005, by and between Golden Phoenix Minerals, Inc., a Minnesota corporation (the "Company") and Ashdown Milling Company, LLC, a Nevada limited liability company ("Purchaser"). Both the Company and the Purchaser may sometimes be referred to as a "Party" or collectively as the "Parties."
