Extension Agreement to Letter Agreement Regarding Mineral Claims between Pengram Corporation and Development Resources LLC
Pengram Corporation and Development Resources LLC have agreed to extend the exclusive negotiation period related to mineral claims LG 1 through LG 54 in Elko County, Nevada. The extension adds seven days to the original agreement, moving the expiration date to May 20, 2011. Both parties have acknowledged the extension and its terms in writing.
PENGRAM CORPORATION
1200 Dupont Street, Suite 2J
Bellingham, WA 98225
Tel: (360) 255-3436 / Fax: (360) 925-2833
May 12, 2011
DEVELOPMENT RESOURCES LLC
Attention: Lee Eastman, Manager/Member
261 N. Hwy 101, #1117
Solona Beach, CA 92075
Dear Sirs:
Re: Mineral Claims LG 1 through LG 54, Elko County, Nevada
This will confirm that for one dollar ($1.00) and for good and valuable consideration, the receipt and sufficiency of which is acknowledged, you have agreed to extend for an additional seven (7) days the Exclusive Period set out in our agreement dated April 13, 2011 with respect to the above mineral claims (the "Claims"). The Agreement will now expire on May 20, 2011.
Yours truly,
| PENGRAM CORPORATION | ||
| Per: | /s/ Richard W. Donaldson | |
| Richard W. Donaldson | ||
| President and Chief Executive Officer | ||
| Agreed and accepted as of the 12th day of May, 2011. | ||
| DEVELOPMENT RESOURCES LLC | ||
| Per: | /s/ Lee Eastman | |
| Lee Eastman | ||
| Member/Manager | ||
