exhibit 10. 32 memorandum to : taconic group llc from : tangiers investors lp date : march 6, 2013 re : disbursement of funds pursuant to that certain securities purchase agreement between the parties listed above dated march 6, 2013, a disbursement of funds will take place in the amount and manner described below : to : taconic group llc from : tangiers investors lp date : march 6, 2013 re : disbursement of funds pursuant to that certain securities purchase agreement between the parties listed above dated march 6, 2013, a disbursement of funds will take place in the amount and manner described below : to : taconic group llc from : tangiers investors lp date : march 6, 2013 re : disbursement of funds please disburse to : amount to disburse : $ 12, 500 form of distribution wire from u. s. bank account name address bank name : bank address bank phone # aba routing # account # total : $ 12, 500 please disburse to : please disburse to : amount to disburse : amount to disburse : $ 12, 500 $ 12, 500 form of distribution form of distribution wire from u. s. bank account wire from u. s. bank account name name address address bank name : bank name : bank address bank address bank phone # bank phone # aba routing # aba routing # account # account # total : $ 12, 500 by : / s / michael sobeck dated : march 6, 2013 tangiers investors, lp name : michael sobeck, managing member of general partner tangiers capital llc 1 by : / s / michael sobeck dated : march 6, 2013 tangiers investors, lp name : michael sobeck, managing member of general partner tangiers capital llc by : / s / michael sobeck dated : march 6, 2013 tangiers investors, lp name : michael sobeck, managing member of general partner tangiers capital llc by : by : / s / michael sobeck dated : march 6, 2013 1 1 1 statement of non - affiliation neither tangiers investors lp nor tangiers capital llc is an officer, director, control person, or beneficial owner of more than 5 % of any class of security of the issuer and i am not and have not been during the preceding three months an affiliate of the company as that term is defined by rule 144 of the securities act of 1933. all information furnished herein is