EXHIBIT 10.2.2
ADDITIONAL AGREEMENT
TO THE JOINT ACTIVITY AGREEMENT FROM JUNE 17, 2005 ON TUGOYAKOVKA LICENCE
City of Tomsk, Russia December 31, 2005
CIGMA METALS CORPORATION, a corporation, listed on the stock exchange in the USA
(hereunder CIGMA), represented by its President Xx. Xxxx Xxxxx, from one side,
and
OOO SCIENCE-INDUSTRIAL CORPORATION GEOSPHERA , registered in Russia (hereunder
GEOS), represented by its Director Xx. Xxxxxxx Anastasia Evgenievna, acting
pursuant to the Charter, on the other side,
hereinafter referred to as the Parties, based on the decision of the Council of
Parties from December 31, 2005, agreed to enter into an Additional Agreement as
follows:
1. Point 2.2.1. of the Joint Activity Agreement shall be changed and read
in such redaction: CIGMA's contribution shall be in cash funds in the
amount of US$126,440 (one hundred twenty six thousand four hundred and
forty). This contribution is the initial contribution into the joint
activity of the Parties.
2. In points 2.3.AND 3.2.1. of the Joint Activity Agreement the amount of
US$400,000 (four hundred thousand) must be changed on the amount of
US$126,440 (one hundred twenty six thousand four hundred and forty).
3. Point 5.2. shall be changed and read in such redaction: After investment
by CIGMA of the initial amount of its contribution in 2005 and the
additional amount of its contribution in 2006 to the joint activity the
total amount shall be US$700,000, GEOS shall within reasonable time
incorporate in accordance with the Russian law a subsidiary (limited
liability company) with a minimum required capital and register the same
with the Tomsk Region tax authorities.
4. The following changes are the integral parts of the Joint Activity
Agreement from June 17, 2005. All the other conditions and statements of
the Joint Activity Agreement shall remain without any changes.
5. This additional agreement is executed in 4 counterparts, each having
juridical force:
- 2 counterparts in Russian;
- 2 counterparts in English.
6. Addresses, Requisites and Signatures of the Parties:
SCIENCE-INDUSTRIAL CORPORATION GEOSPHERA LTD
Legal address: Russia, 649000 Republic of Altay, Xxxxx-Xxxxxxx, 00
Xxxxxx-Xxxxxxx xxx.
Bank Details: XX XXXXXX XXXXX BANK, NEW YORK
New York, USA SWIFT CODE: XXXXXX00
account No. 400 921 413 f/o GAZPROMBANK, SWIFT CODE: XXXXXXXX
in favor of TOMSK BRANCH, SWIFT CODE: XXXXXXXX000
account 40702840900007002427 in favor of Science-industrial Corporation
Geosphera , Tomsk, Russia.
CIGMA METALS CORPORATION
Address: 0 Xxxxx Xxxxx , Xxxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxxx 0000.
Bank Details: Xxxxxx Bank International Corp. New York, N.Y., USA
SWIFT: HATRUS33 for the account of: BMO - Bank of Montreal Vancouver Xxxx Xxxxxx
000 Xxxxxxx Xxxxxx Xxxxxxxxx, X.X. Xxxxxx X0X 0X0 for client's account: CIGMA
METALS CORPORATION account number: 0000-0000-000.
XXXX XXXXX XXXXXXXXX XXXXXXX
PRESIDENT DIRECTOR
CIGMA METALS CORPORATION SCIENCE-INDUSTRIAL CORPORATION
GEOSPHERA LTD
/s/ Xxxx Xxxxx /s/ Xxxxxxxxx Xxxxxxx
