ADDENDUM TO SECURITY AGREEMENT

Security Agreement

You are currently viewing:

This Security Agreement involves

MEXORO MINERALS LTD

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: ADDENDUM TO SECURITY AGREEMENT
Date: 6/24/2008
Industry: Gold and Silver Sector: Basic Materials

EXHIBIT 10.4

ADDENDUM TO SECURITY AGREEMENT

DATED MAY 9, 2008

This Addendum to Security Agreement (the “Addendum”) dated as of June 18 , 2008 between MEXORO MINERALS LTD., a Colorado corporation, (“ Borrower ”), and Paramount Gold and Silver Corp., a Delaware corporation, (“ Lender ”).

WHEREAS, the Lender and Borrower are concurrently entering into a Second Secured Convertible Debenture, dated as of even date hereof (as amended, modified or supplemented from time to time in accordance with its term) pursuant to which the Lender will make a loan to the Borrower in the Principal Amount of $370,000 pursuant to, and subject to the terms and conditions thereof; and

WHEREAS, the Lender and Borrower have previously executed a Security Agreement dated May 9, 2008 (the “Security Agreement”); and

WHEREAS, the parties wish to amend the Security Agreement all subject to the terms and conditions of this Addendum.

<</font>

SITE SEARCH

AGREEMENTS / CONTRACTS

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates