SEC Contract Filing

Filing Date: 2016-04-14

Document Content:
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<div style="TEXT-ALIGN: right">Exhibit 10.18</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1">BRAZIL MINERALS, INC.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1">155 North Lake Avenue, Suite 800</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; LINE-HEIGHT: 1">Pasadena, California 91101</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right; LINE-HEIGHT: 1; TEXT-INDENT: 360pt">August 11, 2015</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">Nazari &amp; Associates International Group Inc. DB Plan</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">c/o Michael Nazari</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">[address]</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">Dear Michael:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1; TEXT-INDENT: 36pt">Reference is made to the Convertible Promissory Note from Brazil Minerals, Inc. (&#8220;BMIX&#8221;) to the Nazari &amp; Associates International Group Inc. DB Plan (&#8220;Nazari DB Plan&#8221;) in the principal amount of $50,000, a copy of which is attached hereto as Exhibit A (the &#8220;Note&#8221;). This will confirm our agreement that effective immediately upon the filing with the Nevada Secretary of State of the Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock of BMIX, a copy of which is attached hereto as Exhibit B, BMIX shall issue to the Nazari DB Plan a certificate for 50 (fifty) shares of its Series B Preferred Stock, in exchange for, and in full satisfaction of, the Note.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1; TEXT-INDENT: 36pt">Please acknowledge your agreement with the foregoing by signing a copy of this letter in the space indicated below and returning the signed copy to BMIX.</div>

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<div style="MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 144pt; LINE-HEIGHT: 1; TEXT-INDENT: 36pt">Very truly yours,</div>

<div style="MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1; TEXT-INDENT: 180pt">BRAZIL MINERALS, INC.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1; TEXT-INDENT: 180pt">By: <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>/s/Marc Fogassa</u></font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1; TEXT-INDENT: 180pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Marc Fogassa, Chief Executive Officer</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">AGREED TO:</div>

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<div style="TEXT-ALIGN: justify; FONT: 10pt/1 'Times New Roman', Times, serif"><u>/s/ Michael Nazari</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">Michael Nazari</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1">Nazari &amp; Associates International Group Inc. DB Plan</div>

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<div id="DSPFPageNumberArea" style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">Exhibit 10.18 -- Page 1

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