EXHIBIT 10.7
Northsight Capital
7740 E. Evans Road
Scottsdale, AZ 85260
Kae Yong Park | September 23, 2014 |
PO Box 14110
Scottsdale, AZ 85267
Dear Ms. Park:
This will confirm the agreement between you and Northsight Capital, Inc. (the “Company”) that you will transfer to the persons listed on Exhibit A hereto, for the consideration set forth herein and no other consideration, that number of shares of Company Common Stock listed opposite each such person’s name on such Exhibit A (an aggregate of 3,775,000 shares of Company Common Stock) (the “Shares).
In consideration of your transfer of the Shares in accordance with the foregoing, the Company shall, concurrently with the execution of this agreement, pay to you the sum of $75,500 in cash.
If the foregoing correctly states our agreement, please countersign this letter where indicated below and return a copy to me as soon as possible.
Very truly yours,
Northsight Capital, Inc.
By:/s/ John Bluher
John Bluher, CEO
AGREED TO AND ACCEPTED:
/s/ Kae Yong Park
Kae Yong Park
Date: September 23, 2014
EXHIBIT A
Name of Shareholder |
| Number of Shares |
JSL Kids Partners |
| 100,000 |
John Sandor Lemak |
| 200,000 |
Sandor Capital Partners |
| 500,000 |
Frenkel Fam.Trust |
| 125,000 |
Leon S. Frenkel |
| 200,000 |
James Barragan, JR. |
| 200,000 |
Triage Capital Management |
| 100,000 |
Alla Pasternak |
| 100,000 |
Christopher Walk |
| 800,000 |
Yury Minkovsky |
| 100,000 |
Elliot Barnett |
| 200,000 |
Leon Frankel |
| 400,000 |
Tom Frey |
| 50,000 |
Wintermark, LLC |
| 700,000 |
Total: |
| 3,775,000 |
