Exhibit 10.3
 
 
 
DEBT CONVERSION AGREEMENT
 

 
_______________________________,  the Undersigned, understand that the Board of
Directors of South American Gold Corp. Corp (the "Company"), a Nevada
corporation, are offering to convert outstanding balances of accounts payable
into an Unsecured Commercial Promissory Note of the Company, with the terms set
forth below.
 
The Undersigned hereby agree to convert $_______.00 of the outstanding accounts
payable owed to me by the Company at November 23, 2013 into an Unsecured
Commercial Promissory Note, with a principal amount of $_______.00, with (the
"Notes") and tender a term of two (2) years from the date of issuance (“the
Note”).  Such Note will have an annual interest rate of 8%, payable in quarterly
installments and the Company will be able to make partial payments on the Note
prior to its term.  A form of the Note is attached herewith as Exhibit A.
 
Accepted and Agreed to this 23th day of November, 2013.
 
 
____________________________________
 
“The Undersigned”
 
 
 
By: _________________________________
 
 
SOUTH AMERICAN  GOLD CORP.
 
 
 
By:  ____________________________
 
 
 
 
 
 

 
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