Amendment to Memorandum of Understanding between Global Earth Energy, Inc. and LB TIM Co., Ltd.
Global Earth Energy, Inc. and LB TIM Co., Ltd. have agreed to amend their original Memorandum of Understanding by extending the deadline for closing a specified offering to December 31, 2011. This amendment is made because Global Earth Energy experienced delays in completing the offering. Both parties have signed the agreement to confirm the new closing date.
AMENDMENT TO MEMORANDUM OF UNDERSTANDING
WHEREAS, on January 25, 2011, GLOBAL EARTH ENERGY, INC., a Nevada corporation (“Global Earth Energy”) and LB TIM CO., LTD., a South Korean corporation (“LBT”) executed that certain Memorandum of Understanding (the “MOU”), a copy of which is attached hereto as Attachment A are incorporated herein by reference for all purposes; and
WHEREAS, due to the fact that Global Earth Energy has been delayed in closing the offering described in the MOU, Global Earth Energy and LBT desire to extend the time for the closing of the offering as described in the MOU;
NOW, THEREFORE, in consideration of the foregoing and the following, the parties agree to extend the closing date of the offering as described in the MOU to December 31, 2011.
IN WITNESS WHEREOF, the parties have executed this Agreement as of June 30, 2011.
GLOBAL EARTH ENERGY, INC.
By
Sydney A. Harland, Chief Executive Officer
LB TIM CO., LTD.
By
Seung Joon Lim, President
Attachment:
Attachment A
Memorandum of Understanding
ATTACHMENT A
Memorandum of Understanding
