SUMMARYOF ORAL AGREEMENTS WITH YUAN KUN DENG

EX-10.2 2 exh102.htm SUMMARY OF AGREEMENT WITH YUAN KUN DENG. exh102.htm

Exhibit 10.2

SUMMARY OF ORAL AGREEMENTS WITH YUAN KUN DENG

Golden Dragon Enterprises Inc. (the “Company”) has an oral agreement with its sole officer, director, and shareholder, Yuan Kun Deng (“Deng”) whereby Deng will advance funds as need until the public offering is completed or fails. The agreement between the Company and Deng is that no interest will be charged on the amounts advanced and the Company only has to repay the amount when it has sufficient funds to do so.

The Company also has an oral agreement with Deng whereby Deng will pay all costs of reclamation on the Company’s property should mineralized material not be found.