CADILLAC WEST AGREEMENT EXTENSION
CADILLAC WEST AGREEMENT EXTENSION
Xxxxx X. Xxxxx and Xxxxxx X. Xxxxxxxx hereby agree to extend the term of the agreement dated June 3, 2004 with Resource Finance & Investment Ltd (the "Agreement") to March 31, 2005, subject to and conditional upon satisfaction by February 28, 2005 of the following provisions of the Agreement:
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(a) |
issuance of shares of Cadillac West Explorations Inc. ("CWE") | |
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currently due under Clause 3, |
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(b) |
execution of a Royalty agreement in favour of Xxxxx and Xxxxxxxx | |
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pursuant to Clause 7, and |
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(c) |
execution of an extension of the Agreement in essentially the same form | |||
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as agreed, with the addition of a provision governing the |
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issuance of any stock in CWE above and beyond that covered by the |
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Agreement, so long as CWE remains a non-reporting corporation. |
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EXECUTED as of February 7, 2005 by
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/s/ Xxxxx X. Xxxxx |
Xxxxx X. Xxxxx
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/s/ Xxxxxx X. Xxxxxxxx |
Xxxxxx X. Xxxxxxxx
AGREED AND ACCEPTED BY RESOURCE FINANCE & INVESTMENT LTD.
ON THE 10th DAY OF FEBRUARY, 2005.
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Per: /s/ |
