THIS SECOND AMENDING AGREEMENT made and dated for reference the 25th day of July, 2003. AMONG:
THIS SECOND AMENDING AGREEMENT made and dated for reference the 25th day of July, 2003.
AMONG:
TRYX VENTURES CORP., a body corporate, incorporated under the laws of British Columbia, having its head office at Suite 314 - 837 West Hastings Street, Vancouver, British Columbia V6C IB6
(hereinafter called the "Optionee")
OF THE FIRST PART
AND:
XXXX CHITARONI, of P. O. Xxx 000, Xxxxxxx Xxx Xxxx, Xxxxxx, Xxxxxxx X0X IC0
(hereinafter called "Chitaroni")
OF THE SECOND PART
AND:
XXXXX XXXXXX, of P. O. Xxx 000, 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx X0X 0X0
(hereinafter called "Xxxxxx")
OF THE THIRD PART
AND:
XXX XXX XXXXXXXX, of P. X. Xxx 00, Xxxxxxxxx, Xxxxxxx X0X IN0
(hereinafter called "Von Cardinal")
OF THE FOURTH PART
(Chitaroni, Xxxxxx and Von Cardinal are hereinafter collectively called the "Optionors")
WHEREAS:
A. Pursuant to an agreement among the parties hereto dated for reference February 15, 2000 (the "Agreement"), and an amending agreement among the parties hereto dated for reference February 15, 2002 (the "Amending Agreement"), the Optionors granted an exclusive option to the Optionee, entitling it to acquire an undivided one hundred percent (100%) interest in the Property, on the terms and conditions thereinafter set forth;
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B. Capitalized terms used herein shall have the same meanings as contained in the Agreement and the Amending Agreement;
C. The parties wish to amend certain provisions of the Agreement and the Amending Agreement;
NOW THEREFORE THIS SECOND AMENDING AGREEMENT WITNESSETH that in consideration of these presents and the sum of Ten Dollars ($10.00) now paid by each of the parties to each of the other parties hereto, the receipt and sufficiency of which is hereby acknowledged by each of the parties, and for other good and valuable consideration, the receipt and sufficiency of which is also hereby acknowledged by each of the parties hereto, the parties hereto hereby agree as follows:
1. Sub-paragraph 4.01 (a)(ii) of the Agreement is deleted in its entirety and is replaced with the following:
"4.01(a)(ii) an additional $7,500 on or before the day which is thirty (30) days from the day the common shares of the Optionee are listed or quoted for trading on a recognized stock exchange, electronic trading facility or automated dealer quotation system, with a further $7,500 on or before the day which is 13 months from the day the common shares of the Optionee are listed or quoted for trading on a recognized stock exchange, electronic trading facility or automated dealer quotation system.".
2. Paragraph 1. of the Amending Agreement is deleted in its entirety and is replaced with the following:
"Sub-paragraph 4.01 (b)(ii) of the Agreement is deleted in its entirety and is replaced with the following:
"4.01(b)(ii) an additional $120,000 on or before the fourth anniversary of the date of this Agreement;".".
3. In all other respects the terms and conditions of the Agreement and the Amending Agreement shall continue in full force and effect.
4. Each of the parties hereto agrees to do and/or execute all such further and other acts, deeds, things, devices, documents and assurances as may be required in order to carry out the true intent and meaning of this Second Amending Agreement.
5. This Second Amending Agreement shall enure to the benefit of and be binding upon the parties hereto and each of their successors and permitted assigns, as the case may be.
6. This Second Amending Agreement may be executed in any number of counterparts and any party hereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts taken together will be deemed to be one and the same instrument. The execution of this Second Amending Agreement will not become effective until all counterparts hereof have been executed by all of the parties hereto.
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7. Each of the parties hereto will be entitled to rely upon delivery by facsimile of executed copies of this Second Amending Agreement, and such facsimile copies will be effective to create a valid and binding agreement among the parties hereto in accordance with the terms and conditions of this Second Amending Agreement.
IN WITNESS WHEREOF this Second Amending Agreement has been executed and delivered as of the day and year first above written.
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SIGNED and DELIVERED by |
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SIGNED and DELIVERED by ______________________________________ |
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SIGNED and DELIVERED by Swastika, Ontario |
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SIGNED and DELIVERED by Cobalt, Ontario, Canada |
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