Goldrich Mining Co – Convertible Promissory Note (March 29th, 2005)
FOR VALUE RECEIVED, Little Squaw Gold Mining Company, an Alaska corporation, (the Company) promises to pay to Wilbur G. Hallauer, or order, the sum of Fifty Thousand and No/100 Dollars ($50,000.00), on demand, or, if no demand is made, on July 20, 2005 (the Maturity Date), plus interest accruing at the rate of six percent (6%) per annum from January 21, 2005, forward. Interest only will accrue and be payable on the unpaid principal balance on the quarterly anniversary dates (with the first interest payment being due on April 21, 2005) until the Maturity Date or such time as demand has been made by the holder hereof in writing for payment of the principal balance. On the demand date, or the Maturity Date, the entire principal balance, together with any accrued and unpaid interest, shall be due and payable . All payments will be made to the holder at 406 Eastlake Rd., Oroville, WA 98844..