Oral Agreement to Extend Independent Contractor Agreement between Goldrich Mining Company and Richard R. Walters
Goldrich Mining Company and Richard R. Walters agreed to extend their Independent Contractor Agreement for one year, covering January 1 to December 31, 2009. Mr. Walters may defer cash payments for his fees and expenses until the company's finances improve, or he can choose to receive payment in company stock. This extension was approved by Goldrich Mining Company's board of directors.
Exhibit 10.37
Oral Agreement to Extend Independent Contactor Agreement
On Jan 7, 2009, Goldrich Mining Company and Richard R. Walters orally agreed to extend Independent Contactor Agreement dated June 30, 2003 for a period of one year, retroactively to January 1, 2009 and ending December 31, 2009. The renewed agreement allows Mr. Walters to defer cash payment for fees and expenses until the Company’s financial condition improves, or alternatively, receive some or all of his fees in the form of the Company’s common stock.
The agreement was approved by resolution of the board of directors of Goldrich Mining Company dated Jan 7, 2009.
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