Confirmation Letter Terminating Consulting and Advertising Agreements Between Magellan Gold Corporation and Bright Star International, Inc.
Magellan Gold Corporation and Bright Star International, Inc. have agreed to terminate both their consulting and advertising agreements. As part of this termination, Bright Star will return 1,500,000 shares of Magellan Gold common stock previously issued under the advertising agreement. Magellan Gold will publicly disclose the cancellation of these agreements and may negotiate a new finder agreement with Bright Star in the future for any fundraising activities. This letter confirms the mutual understanding and agreement between the parties.
Law Office Thomas J. Beener
2244 Parady Avenue
Carlsbad, California 92008
Office: ###-###-####; Cell: ###-###-####
***@***
www.lawofficechomasjbeener.co1n
October 10, 2017
Magellan Gold Corporation
Pierce Carson, CEO
2010A Harbison Drive Suite 312
Vacaville, California 95687
RE: Bright Star International, Inc.
Mr. Carson:
Please accept this letter as confirmation of the understanding between Magellan Gold Corporation (MAGE) and Bright Star International, Inc. (BSI) that the consulting agreement dated on or about May 2017 and the Advertising Agreement dated on or about September 25, 2017 are hereby declared and rendered null and void by agreement of MAGE and BSI.
Further the 1,500,000 shares of common stock of MAGE issued to BSI pursuant to the Advertising Agreement shall be returned to MAGE for cancellation or return to treasury at the option of MAGE.
In addition, MAGE agrees to file an 8-K to disclose cancellation of the two above mentioned agreements and at the appropriate time will negotiate in good faith a finder agreement regarding compensation to BSI in connection with any fund-raising activities that are completed for the benefit of MAGE.
Thank You
/s/ Tom Beener
Magellan Gold Corporation
/s/ Pierce Carson
Pierce Carson, CEO
Bright Star International, Inc.
/s/ Kevin Dills
Kevin Dills, CEO
.
