Contract Extension Agreement between Mineral Management Inc. and Q Lotus Holdings, Inc. (December 2014)
Mineral Management Inc. and Q Lotus Holdings, Inc. have agreed to extend their existing contract by one month, moving the expiration date to January 31, 2015. Both parties have also agreed to waive any past defaults under the contract. The extension is intended to benefit both companies and is confirmed by the signatures of their respective officers.
December 4, 2014
Contract Extension
| To: | Q lotus Holdings, Inc. |
| 520 N. Kingsbury Street, Ste. 1810 | |
| Chicago, Il 60654 |
Attention: Mr. Gary Rosenberg and Mr. Jorge Gonzales.
| Re: | 1 month extension via current contract. |
We at Mineral Management Inc. by way of the board of directors have called a special meeting regarding the extension and approval of time.
The parties hereto hereby waive all past defaults and extend the Contract to a revised expiration date of January 31, 2015.
The extension is approved for an additional 1 months starting January 1, 2015 and is hereby extended to January 31, 2015. It is our desire that this contract extension will be beneficial to all parties.
Sincerely,
Mineral Management Inc.
| By: | /s/ Ron Gibson | |
| Ron Gibson, | ||
| President |
AGREED AND ACCEPTED:
Q LOTUS HOLDINGS, INC.
| By: | /s/ Gary Rosenberg | By: | /s/ Jorge Gonzales | |
| Gary Rosenberg, | Jorge Gonzales, | |||
| Chief Executive Officer | Chief Financial Officer |
201 Forest Creek RD, Jacksonville Oregon 97530
