Amendment to Operating, Exploration and Option to Purchase Agreement between Greentech Mining, Inc. and Greentech Mining International, Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

Greentech Mining, Inc. and Greentech Mining International, Inc. have agreed to revise the payment schedule under their existing Operating, Exploration and Option to Purchase Agreement. The initial $1,000,000 payment deadline is extended to May 1, 2013, and the remaining $2,000,000, originally due in ten monthly installments starting December 1, 2012, is now due in ten installments beginning June 1, 2013. This amendment changes only the payment dates and does not alter other terms of the original agreement.

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EX-10.1 2 greentech8kex101.htm greentech8kex101.htm
Exhibit 10.1
 
Greentech Mining Inc.
1840 Gateway Dr. Suite 200
Foster City CA. 94404
 

 
March 21, 2013
 

 
 
Greentech Mining International, Inc.
1840 Gateway Dr. Suite 200
Foster City, CA 94404
Attention: Timothy Neher, Director
 
Ref: Operating, Exploration and Option to Purchase Agreement
 
Mr. Neher
 
Greentech Mining, Inc. has agreed to revise the payment terms of the Operating, Exploration and Option to Purchase Agreement entered into on September 17, 2012. Pursuant to our discussions the initial consideration of three million dollars ($3,000,000) with the first payment of one million dollars ($1,000,000) being made on or before November 1, 2012 is extended to May1, 2013 and the remaining balance paid in ten (10) consecutive payments of $200,000 beginning on December 1, 2012 is extended to June 1, 2013.
 
Best regards
 
s/s Matthew Neher
Matthew Neher
Chief Executive Officer