Loan Agreement between Humberto Bravo and Placer Del Mar, Ltd. dated April 15, 2010

Summary

Humberto Bravo agrees to provide up to $6,000 per month in unsecured funding to Placer Del Mar, Ltd. for up to 24 months, starting April 2010, to support the company's Phase One business plan and operating expenses. He will also waive any management fees, salary, or compensation from the company during this period, including any previously accrued amounts. No penalties or interest will apply if the company cannot repay the funds. Funding will continue until either 24 months have passed or the company's geologist determines further exploration is unnecessary.

EX-10.4 9 ex10-4.txt LOAN AGREEMENT Exhibit 10.4 HUMBERTO BRAVO 302 Washington Street, Ste 351 San Diego, California 92103 April 15, 2010 I, Humberto Bravo, hereby agree that I will provide funding to Placer Del Mar, Ltd. in the amount necessary to continue the current Phase One of the company's business plan. These funds shall continue through Phase One for a period of twenty-four months, beginning April 2010, or until such time as the company's geologist determines that further geological exploration is not warranted. I agree to provide funding for the company in an amount up to $6,000 per month to allow the company to continue its exploration process and pay other operating and filing expenses. I also agree to forego my monthly management fees payments and any salary or other compensation from Placer Del Mar for the next twenty-four months, and forego any prior accrued monthly management fees payments and any salary or other compensation from Placer Del Mar, Ltd. for the next twenty-four months. 1) All funds provided to Placer Del Mar, Ltd. by me shall be unsecured. 2) I hereby forego any penalties or interest should Placer Del Mar, Ltd. be unable to repay any funds I provide to the Company. /s/ Humberto Bravo - ------------------------- Humberto Bravo