Letter Agreement Between Sagebrush Gold Ltd. and Frost Gamma Investments Trust Regarding Private Offering Terms for Arttor Gold LLC Acquisition

Contract Categories: Business Finance › Purchase Agreements
Summary

Sagebrush Gold Ltd. and Frost Gamma Investments Trust have entered into an agreement related to a private offering of Sagebrush Gold's securities. Sagebrush Gold agrees to provide Frost Gamma Investments Trust with any more favorable terms offered to other investors in the private offering, for up to six months, concerning 7,000,000 shares issued as part of acquiring Frost Gamma's interest in Arttor Gold LLC. The agreement is governed by New York law, and any disputes will be resolved in New York courts without a jury.

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EX-10.2 4 sagebrushex102.htm FROST GAMMA INVESTMENTS TRUST LETTER AGREEMENT sagebrushex102.htm
Exhibit 10.2

 
SAGEBRUSH GOLD LTD.
1640 Terrace Way
Walnut Creek, California 94597


May 24, 2011

Frost Gamma Investments Trust
4400 Biscayne Blvd.
Miami, Florida 33137
Attention: Phillip Frost

Re:  Arttor Gold LLC

Dear Dr. Frost:

We intend to solicit funds in a private offering of our securities.  In connection with the private offering, we agree to make available to you any more favorable terms (including price protection, registration rights and the like) provided to any investor in such private offering, which closes within the next six months, with respect to the 7,000,000 shares to be issued to you in connection with the acquisition of your interest of Arttor Gold, LLC, upon closing of such acquisition.

The parties agree to the exclusive jurisdiction of the state or federal courts located in New York, New York in the event of any dispute relating to this letter or the matters set forth herein and waive any right to a jury in connection with any dispute.  This letter shall be governed by the internal laws of the State of New York without reference to principles of conflicts of laws.


 
 
Very truly yours,
 
SAGEBRUSH GOLD LTD.
 
  
  By: /s/ Sheldon Finkel  
  Name: Sheldon Finkel  
  Title: Chief Executive Officer  
 
 
AGREED AND ACCEPTED:
 
FROST GAMMA INVESTMENTS TRUST
 
    
By: /s/ Phillip Frost    
   Phillip Frost, Trustee