MANAGEMENT SERVICES AGREEMENT - AMENDMENT NO. 1
THIS AGREEMENT dated effective as of the 21st day of September, 2001
BETWEEN: XXXXX XXXXXXXX, of 202 - 0000 Xxxx Xxxxxx Xxxxxx,
Xxxxxxxxx, XX, Xxxxxx, X0X 0X0
(hereinafter called "Houghton")
OF THE FIRST PART
AND: COYOTE VENTURES CORP., a company
incorporated under the laws of the
State of Nevada
(hereinafter called "Coyote")
OF THE SECOND PART
WHEREAS:
A. The parties entered into a Management Services Agreement dated
October 1, 2000 (the "Management Services Agreement"; and
B. The parties wish to extend the term of the Management Services
Agreement for six months to March 31, 2002.
NOW THEREFORE THE PARTIES HAVE AGREED and do hereby agree to amend
the Management Services Agreement as follows:
1. By deleting paragraph 3 and substituting the following:
"In consideration of Houghton providing all the Management
Services and the Administrative Services to Coyote, Coyote
agrees to pay to Houghton a consulting fee in the amount of
$1,000.00 U.S. per month payable on the 1st day of each month
(the "Consulting Fee"). Houghton agrees that payment of the
Consulting Fee shall be deferred and the amount payable
accrued until such time as Coyote shall have positive working
capital of at least $50,000 U.S."
2. By extending the term of the Management Services Agreement six
months to March 31, 2002.
3. The Management Services Agreement is deemed to have been
amended as of the day and year first above written and, in all
other respects, save and except as herein provided, the
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Management Services Agreement is hereby confirmed. No
amendment or termination of this amendment shall be valid
unless it is in writing and executed by both parties.
4. This Agreement may be executed in counterparts which together
shall form one and the same instrument.
IN WITNESS WHEREOF the parties hereto have executed this Agreement
as of the day and year first above written.
SIGNED SEALED AND DELIVERED
by XXXXX XXXXXXXX in the presence of
/S/ Xxxx Xxxxxx /S/ Xxxxx Xxxxxxxx
------------------------------ -------------------------------
Signature of Witness XXXXX XXXXXXXX
Xxxx Xxxxxx
------------------------------
Name of Witness
0000 Xxxxxxxx Xxxx, Xxxxxxxxx, X.X.
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Address of Witness
COYOTE VENTURES CORP.
by its authorized signatory
/S/ Xxxxx Xxxxxxxx
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Signature of Authorized Signatory
Xxxxx Xxxxxxxx
------------------------------
Name of Authorized Signatory
2
