Amendment to Debt Settlement Agreement between Lithium Exploration Group, Inc. and Concord Holding Group, LLC (November 13, 2017)
Lithium Exploration Group, Inc. and Concord Holding Group, LLC have agreed to amend their original Debt Settlement Agreement dated August 11, 2017. This amendment updates the schedule of outstanding debt amounts to reflect corrected balances for various notes issued between September 2016 and June 2017. The amendment is effective as of August 11, 2017, and both parties have agreed to the revised figures as legally binding.
This Amendment, dated as of November 13, 2017, is made with reference THE DEBT SETTLEMENT AGREEMENT dated as of the 11th day of August, 2017. This amendment will take effect as of August 11th, 2017.
. The Maker of the agreement is Lithium Exploration Group, Inc., a Nevada corporation (the “Company”), and Concord Holding Group, LLC (“ Note Holder”).
RECITAL:
Company and Holder desire to amend the schedule table listed below to reflect the corrected amounts in the balance column as set forth below.
NOW, THEREFORE, in consideration of the mutual promises herein contained and for other good and valuable consideration, receipt whereof is hereby acknowledged, and intending to be legally bound hereby, the parties agree as follows:
Amendment to schedule “A” of debt settlement agreement..
| Funding Date | Note Amount | Balance (Principal amount) |
| 9/9/2016 | $64,400.05 | $20,925.05 |
| 9/8/2016 | $27,777.78 | $27,777.78 |
| 9/15/2016 | $257,778.00 | $4,719.48 |
| 9/29/2016 | $61,112.00 | $61,112.00 |
| 10/31/2016 | $163,334.00 | $163,334.00 |
| 11/14/2016 | $31,111.00 | $31,111.00 |
| 11/30/2016 | $100,000.00 | $100,000.00 |
| 12/29/2016 | $91,111.00 | $14,363.29 |
| 1/25/2017 | $132,222.00 | $115,139.31 |
| 1/26/2017 | $99,833.00 | $99,833.00 |
| 3/1/2017 | $183,056.00 | $183,056.00 |
| 3/13/2017 | $85,800.00 | $85,800.00 |
| 3/28/2017 | $141,680.00 | $141,680.00 |
| 5/5/2017 | $28,600.00 | $28,600.00 |
| 5/15/2017 | $343,200.00 | $343,200.00 |
| 5/15/2017 | $343,200.00 | $183,040.00 |
| 6/8/2017 | $85,800.00 | $85,800.00 |
| 6/8/2017 | $85,800.00 | $0 |
Concord Holding Group, LLC
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Name:
Title:
