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 amend the payment schedule of their existing Operating, Exploration and Option to Purchase Agreement. The initial $1,000,000 payment deadline is extended to October 1, 2013, and the remaining $2,000,000, previously due in ten monthly installments starting December 1, 2012, is now due by November 1, 2013. This amendment provides both parties with revised payment terms for the agreement originally signed on September 17, 2012.

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EX-10.1 2 ex10_1.htm ex10_1.htm
Exhibit 10.1
 

 

 
Greentech Mining Inc.
1840 Gateway Dr. Suite 200
Foster City CA. 94404
 

 
May 10, 2013
 

 
 
Greenetech 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 amend 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 October 1, 2013 and the remaining balance paid in ten (10) consecutive payments of $200,000 beginning on December 1, 2012 is extended to November 1, 2013.
 
Best regards
 
s/s Matthew Neher
 
Matthew Neher
Chief executive Officer