AGREEMENT TO EXTEND DUE DATE
Exhibit
10.19
This
Agreement is entered into on the _____ day of July 2006 by and between Sunburst
de Mexico, S.A. de C.V., a company incorporated pursuant to the laws of the
United Mexican States (“Sunburst de Mexico”) and Minera Rio Tinto, S.A. De C.V.,
a company incorporated pursuant to the laws of the United Mexican States
(“MRT”).
WHEREAS,
pursuant to an agreement entered into by the parties on August 18, 0000,
Xxxxxxxx xx Xxxxxx is obligated to pay MRT $60,000 on August 2, 2006 as part
of
the payments required for the purchase of eight mineral concessions in the
Guazaparez area of Mexico; and
WHEREAS,
MRT has agreed to extend the due date for such payment by ninety
days.
NOW
THEREFORE, in consideration of the foregoing, the parties agree as
follows:
1. |
MRT
agrees to extend the due date for the payment on the Guazaparez
concessions (with title numbers 209497, 212890, 226217, 211040, 223664,
213572, 220788, and 226884) by ninety
days.
|
2. |
Sunburst
de Mexico will pay $60,000 to MRT on October 31,
2006.
|
IN
WITNESS WHEREOF the
parties have duly executed this Agreement as of the day and year first mentioned
above.
Minera
Rio Tinto, S. A. De C. V.
By:
/s/Minera Rio Tinto
Sunburst
de Mexico, S.A. de C.V.
By:
/s/Sunburst de Mexico