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Re: gitreal post# 20355

Friday, 07/14/2017 7:43:15 PM

Friday, July 14, 2017 7:43:15 PM

Post# of 30818
Likely Fred is still the owner of CJT Mining, and thus found the way to fleece CJTF common shareholders one last time, keeping 905 of the imaginary gold for himself:

ROYALTY AGREEMENT
The Company entered into that certain royalty agreement dated April 12, 2017 (the “Royalty Agreement”) with CJT Mining, Inc., a Utah corporation (“CJT”), pursuant to which CJT pledged payment to the Company for the benefit of the shareholders of record as of April 12, 2017 (the “Shareholders of Record”). In accordance with the terms and provisions of the Royalty Agreement and commencing on the date CJT is no longer the wholly-owned subsidiary of the Company, a net smelter royalty of ten percent (10%) of the net income received by CJT with a royalty cap of $2,000,000 (the “Net Royalty”) will be paid by CJT to the Company, which the Company shall distribute to the Shareholders of Record in the form of a dividend on an annual basis.
As of June 16, 2017, CJT is no longer the wholly-owned subsidiary of the Company.



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