AMENDMENT AGREEMENT
AMENDMENT AGREEMENT
THIS AGREEMENT is made as of the 30th day of December, 2002.
BETWEEN: | XXXXXXX XXXXXXX CORP. | |
(Formerly Thrush Industries Inc.) | ||
Suite 306 – 0000 Xxxxx Xxxxxx | ||
Xxxxxxxxx, X.X. | ||
X0X 0X0 | ||
(the “Optionor”) | ||
OF THE FIRST PART | ||
AND: | XXXXXX TECHNOLOGIES INC. | |
Suite 306 – 0000 Xxxxx Xxxxxx | ||
Xxxxxxxxx, X.X. | ||
X0X 0X0 | ||
(“Xxxxxx”) | ||
OF THE SECOND PART | ||
WHEREAS: |
A. | The parties entered into a property option agreement dated the 18th day of February, 1999 (the “Agreement”), and an amendment agreement dated June 25, 2001 with respect to the acquisition by Xxxxxx of an option on the Secret Basin property; and |
B. | The parties now wish to amend the Agreement; |
NOW THEREFORE THIS AGREEMENT WITNESSES that the Agreement is amended as follows:
1. By the deletion of paragraph 2.01 in its entirety and the substitution therefor of the following:
2.01. The Optionor hereby grants to Xxxxxx the exclusive right and option to acquire an undivided 50% right, title and interest in and to the Property for total consideration consisting of cash payments to the Optionor totalling $1000 and the incurrence of Property Expenditures totalling $250,000 to be made as follows:
(a) | upon execution of this Agreement, the payment to the Optionor of the sum of $1000; | |
(b) | by June 30, 2003 the incurrence of Property Expenditures in the amount of $10,000; | |
(c) | by December 31, 2003 the incurrence of Property Expenditures in the cumulative amount of $250,000. |
2. The parties hereby ratify and confirm the Agreement in all other respects.
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
THE COMMON SEAL OF MIRANDA | c/s |
DIAMOND CORP. was hereunto | |
affixed in the presence of: | |
/s/ “Xxxxxx Xxxxx” | |
THE COMMON SEAL OF XXXXXX | c/s |
TECHNOLOGIES INC, was hereunto | |
affixed in the presence of: | |
/s/ “Xxxxx Xxxx” | |