SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 25th, 2013 • South American Gold Corp. • Metal mining • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of November 14, 2013, by and between SOUTH AMERICAN GOLD CORP., a Nevada corporation, with headquarters located at 3645 East Main Street - Suite 119, Richmond, IN 47374 (the “Company”), and ASHER ENTERPRISES, INC., a Delaware corporation, with its address at 1 Linden Place, Suite 207, Great Neck, NY 11021 (the “Buyer”).
SOUTH AMERICAN GOLD CORP. A Nevada Corporation UNSECURED COMMERCIAL PROMISSORY NOTESouth American Gold Corp. • November 25th, 2013 • Metal mining
FOR VALUE RECEIVED, the undersigned, SOUTH AMERICAN GOLD CORP., a Nevada corporation (hereinafter "Maker"), promises to pay to ___________________________ (Holder) at such place as the Holder may designate in writing, the principal sum of ___________________ dollars and no/100 ($_______.00), together with interest at 8% per annum thereon, payable quarterly in arrears or at company’s option during term of the note, due TWO (2) years from the date hereof. The first quarterly interest payment will be made on March 31, 2014.
DEBT CONVERSION AGREEMENTDebt Conversion Agreement • November 25th, 2013 • South American Gold Corp. • Metal mining
_______________________________, the Undersigned, understand that the Board of Directors of South American Gold Corp. Corp (the "Company"), a Nevada corporation, are offering to convert outstanding balances of accounts payable into an Unsecured Commercial Promissory Note of the Company, with the terms set forth below.
