AMENDING AGREEMENT
to the
PROPERTY ACQUISITION AGREEMENT
THIS AGREEMENT dated for reference June 2, 2003
BETWEEN:
XXXXXXX X. XXXXXX, having a residence at 15294, 96A Avenue, in the city of
Surrey in the Province of British Columbia
OF THE FIRST PART
AND:
CORUMEL MINERALS CORP., a body corporate, duly incorporated under the laws of
the State of Nevada and having an office at 503 - 0000 Xxxxxx Xxxxxx, in the
city of Vancouver, in the Province of British Columbia ("Corumel")
OF THE SECOND PART
WHEREAS:
X. Xxxxxx and Corumel have entered into a Property
Acquisition Agreement dated March 28, 2003
X. Xxxxxx and Corumel have entered into a Transfer of
Interest Agreement dated May 29, 2003
X. Xxxxxx and Corumel desire to clarify the extent of
Corumel's financial obligation with respect to Exploration Expenditures pursuant
to the Property Acquisition Agreement.
NOW THEREFORE in consideration of ten dollars ($10.00) and other good and
valuable consideration paid by each party to the other (the receipt and
sufficiency of which is hereby acknowledged by each party), the Property
Acquisition Agreement is amended as follows:
DEFINITIONS, following paragraph 1.1, item d);
-----------
Add the following words and figures:
"d1) "Equivalent US Dollars" means the amount of an Exploration Expense
expressed in Canadian dollars converted into an equivalent amount in the
currency of the United States at the exchange rate quoted by the Bank of
Montreal, Vancouver, B.C., at 12:00 o'clock noon, on the date upon which the
Exploration Expense became a financial obligation of Corumel."
Paragraph 4.6, itemii):
-------------------------
Delete the words and figures: "Paragraph 4.3 i)"
Add the words and figures: "Paragraph 4.6 i)"
Paragraph 4.6, item ii)
--------------------------
Delete, following the last word of that item the punctuation xxxx "."
Add following the last word of that item the punctuation xxxx ";"
Paragraph 4.6 after item ii);
---------------------------------
Add the following words and figures into the main body of paragraph 4.6:
"however Corumel is not required to incur aggregate Exploration Expenditures as
described in para. 4.6 ii) above, which are in excess of and aggregate amount of
$7,500 Equivalent US Dollars. Any Exploration Expenditures which may be incurred
in excess of $7,500 Equivalent US Dollars are subject to the terms of the Joint
Venture Agreement."
ENTIRE AGREEMENT: This Agreement together with the Property Acquisition
Agreement dated March 28, 2003 and the Transfer of Interest Agreement dated May
29, 2003, constitute the entire agreement to date between the parties hereto and
supersedes every previous agreement, communication, expectation, negotiation,
representation or understanding, whether oral or written, express or implied,
statutory or otherwise, between the parties with respect to the subject matter
of this Agreement.
This Amending Agreement may be executed in one or more counterparts, each of
which, including a facsimile copy thereof, shall be deemed an original but all
of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF this agreement has been executed as of the day and year first
above written.
/s/ Xxxxxxx X. Xxxxxx /s/ Xxx Xxxxxxxx
__________________________ __________________________
Xxxxxxx X. Xxxxxx witness
Xxx Xxxxxxxx
__________________________
name of witness
CORUMEL MINERALS CORP.
per /s/ Xxxxx X Xxxxx
___________________________
Xxxxx X Xxxxx, President and Director
Per /s/ Xxxxxxx Xxxxx
___________________________
Xxxxxxx Xxxxx Secretary
