SECOND AMENDING AGREEMENT
EXHIBIT 10.11.2 - SECOND AMENDMENT (OCT 31 2006) TO PROPERTY OPTION SEPT 8, 2006
SECOND AMENDING AGREEMENT
THIS SECOND AMENDING made 31st day of October 2006.
BETWEEN:
BRONX VENTURES INC. of Xxxxx 000, 0000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxx, XX, X0X 0X0
(the "Optionor")
AND:
COLT CAPITAL CORP. of Xxxxx 000, 0000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxx, XX, X0X 0X0
(the "Optionee")
WHEREAS the parties entered into an option agreement executed and made effective the 8th day of September, 2006, as amended by an Amendment Agreement dated September 22, 2006 (collectively, the "Option Agreement"), with respect to an option on certain mineral claims and the parties wish to amend the terms thereof;
WHEREAS the Optionor and Xxxxx amended the Xxxxx Option Agreement by extending the date for all exploration expenditures and any remaining cash payment to be incurred and effected by June 26, 2007.
NOW THEREFORE in consideration of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1.
Definitions
In this second amending agreement, unless otherwise provided for herein, any defined term will have the meaning ascribed to it in the Option Agreement.
2.
Amendments
Paragraph 2.2(b) of the Option Agreement shall be deleted in its entirety and replaced with the following:
"(b)
on or before June 26, 2007, the Optionee shall incur expenditures on exploration work on the Property of not less than $240,000."
Paragraph 2.2(c) of the Option Agreement shall be deleted in its entirety and replaced with the following:
"(c)
on or before June 26, 2007, the Optionee shall pay the Optionor the sum of $108,770."
3.
Full Force and Effect
The parties hereto agree that, save as amended by this Second Amending Agreement, the Option Agreement shall remain in full force and effect.
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4.
Governing Law
This Second Amending Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia.
5.
Execution and Delivery
This Second Amending Agreement may be executed in counterparts and delivered by facsimile, each of which when howsoever signed and delivered being deemed an original and together forming one and the same instrument bearing the date first above written notwithstanding the date of actual execution.
IN WITNESS WHEREOF the parties hereto have hereunto executed this agreement as of the day and year first above written.
BRONX VENTURES INC.
Per:
Authorized Signatory
COLT CAPITAL CORP.
Per:
Authorized Signatory
