EX-10
from SB-2/A
1 page
August 23, 2004 Mongolian Explorations Ltd. Suite 1605 - 750 West Pender Street Vancouver, B.C. V6c 2t8 Canada I, Ivan Bebek, Hereby Agree to Defer $50,000 of the Loan Amount Payable to Me by Mongolian Explorations Ltd. Until December 31, 2006. as at July 1, 2005, the $50,000 Shall Earn Interest of 10% Per Annum Until Paid in Full. August 23, 2004 /S/ Ivan Bebek Date Ivan Bebek
12/34/56
