Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - NORTHSIGHT CAPITAL, INC. | Financial_Report.xls |
| EX-31 - EXHIBIT 31 SECTION 302 CERTIFICATION - NORTHSIGHT CAPITAL, INC. | f10k123114_ex31.htm |
| EX-32 - EXHIBIT 32 SECTION 906 CERTIFICATION - NORTHSIGHT CAPITAL, INC. | f10k123114_ex32.htm |
| EX-10.9 - EXHIBIT 10.9 LETTER AGREEMENT-ADVANCE - NORTHSIGHT CAPITAL, INC. | f10k123114_ex10z9.htm |
| EX-10.10 - EXHIBIT 10.10 PROMISSORY NOTE - NORTHSIGHT CAPITAL, INC. | f10k123114_ex10z10.htm |
| 10-K - FORM 10-K ANNUAL REPORT - NORTHSIGHT CAPITAL, INC. | f10k123114_10k.htm |
| EX-10.12 - EXHIBIT 10.12 LEASE - NORTHSIGHT CAPITAL, INC. | f10k123114_ex10z12.htm |
Northsight Capital, Inc.
7740 East Evans Rd.
Scottsdale, AZ 85260
Sandor Capital Master Fund
May 15, 2015
2828 Routh St.
Dallas, TX 75201
RE: Loan to Kae Yong Park and Howard R. Baer/Issuance of Warrants
Ladies and Gentlemen:
Sandor Capital Master Fund (or its designee) (“Sandor”) is willing to loan Kae Yong Park and Howard R. Baer (collectively, “Lender”) an aggregate of $300,000, in two tranches, the first of which will be $100,000 and the second of which will be $200,000. Lender is willing to advance to the Company a minimum of $200,000, subject to Lender’s receipt of funding from Sandor.
The Lender is pledging 55,000,000 shares of Company common stock to Sandor to secure its repayment to Sandor of the $300,000 advanced.
In consideration of Sandor lending $300,000 to Lender and Lender’s loan to the Company, the Company agrees to issue Sandor (or his designee) a warrant to purchase 2,000,000 shares of Company common stock at an exercise price of $.05 per share for a term of two years. This warrant will be issued promptly upon Sandor’s completing the $300,000 advance to the Lender.
If the Company is unable to pay $300,000 back to the Lender on or before the maturity date of Lender’s promissory note to Sandor (sixty day note), Sandor has agreed to automatically extend the maturity date of such promissory note an additional thirty days to ninety days, in consideration for which the Company shall issue him warrants to purchase an additional 1,000,000 shares of common stock at an exercise price of $.05 per share for a term of two years. This warrant will be issued promptly following the automatic extension of Lender’s Note to Sandor in accordance with the terms of the Note.
[Intentionally Left Blank]
The signatories hereto, intending to be legally bound, have executed this agreement as an instrument under seal as of the date hereof.
NORTHSIGHT CAPITAL INC.
S/John Bluher
By: John Bluher, CEO
ACCEPTED AND AGREED:
Sandor Capital Master Fund
S/John Lemak
John Lemak, Manager