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Show 79 Gateway Area Calamity Group « • H Instrument: Date: Grantor: Grantee: Claims: Supplemental Agreement June 17, 1939 Vanadium Products Corp. H. L. Brown (42) Three Partners; Great He Mammoth; Triumph; Matchle Lost Treasure; Sunflower; Calamity #1-3, 5-11, 13-1 Dixie; Hidden Treasure; T Cracker Jack; Neglected, States Consideration: Additional $10, former $20,000. p r i c e . Documentary stamps: None. Transaction M-21 Mesa County Recorded: Book 383 Page 471 sper; Hummer; May Day; ss; Queen of the Hills; Luck Boy; Blunder; 5, 17, 18, 20-28; riange; Empire; 000.00 over and above 00 option-purchase w , i » Actual consideration: $30,000.00 Confirmation of transaction: V. R. Lansingh, Vice President, Molybdenum Corp. of America, 500 Fifth Avenue, New York 18, New York, interviewed by John W. Vanderwilt. Vanadium Products Corp., through its Secretary, H. W. Balsey, acting as agent for Molybdenum Corp. of America, entered into an agreement (see Transaction M-19; whereby H. L. Brown secured an .option to purchase these claims for $20,000.00. The Molybdenum Corp. of America had not given Vanadium Products Corp. or Balsey authority to act as its agent in the sale of these claims and felt that the claims were worth $30,000.00. In °^er to avoid Dossible litigation Vanadium Products Corp. and H. L. Brown entered into a supplemental agreement whereby Purchase price under Brown's option was increased by *10,000.00. During existence Sf option Molybdenum Corporation of America re-cplved $25 076.50 as partial payment on amended option nrice of $30 000.00. Before consummation of purchase under SpUonMlybdenl Corp. of America ' J ^ ^ ^ ^ e ; ^ ootionee's interest in these claims to Union Mines Develop Sent Corp. and conveyed title to Union Mines Development Corl. following payment by latter corporation of unpaid balance under the original option price as amended of $30,000.00. |
