EX10.6 - Related Party Payable - March 10, 2005 Letter
Hudson Capital Corporation
10655 NE 4th Street Suite 400
Bellevue, WA 98004
Phone: (604) 879-9001 Fax: (604) 263-4035
March 10, 2005
Mustang Resources Inc.
1574 Gulf Rd. #1505
Point Roberts, WA 98281
Re: Deferral of Accounts Payable
Dear Sirs:
Hudson Capital Corporation hereby agrees to not demand payment of any monies currently owed to Hudson by Mustang Resources Inc., or any monies that Hudson may advance to Mustang Resources Inc. from this date up to and including July 14, 2007, until July 15, 2007. This letter also confirms that all monies owed to Hudson by Mustang Resources Inc. are unsecured, non-interest bearing and have no fixed date for repayment
Sincerely,
/s/ Terry G. Cook
T. G. Cook, President
Hudson Capital Corporation