THIS AMENDMENT AGREEMENT MADE THE 29TH DAY OF JULY, 1999
BETWEEN:
XXXX XXXXXXX and XXXX XXXXXXX, 1409 - 000 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx, X.X.
X0X 0X0
(the "Vendors")
AND:
CARTA RESOURCES LTD., 000 Xxxxxxx Xxxxxx, Xxxx Xxxxxxxxx, X.X. X0X 0X0
("Carta")
WHEREAS the Vendors and Carta entered into a letter agreement dated May 28,
1999 (the "Agreement") for the acquisition by Carta of a 100% interest in Quotes
Canada Financial Network Ltd.;
AND WHEREAS the Agreement provides that 1,000,000 shares of Carta shall be
delivered within five business days following the date of issuance by the
Vancouver Stock Exchange of a notice accepting the Agreement for filing (the
"Effective Date");
AND WHEREAS as at the date of this amendment agreement, the Vancouver Stock
Exchange has not issued its notice accepting the Agreement for filing;
AND WHEREAS the parties wish to extend the Effective Date in order to
obtain Vancouver Stock Exchange acceptance;
WITNESSES THAT in consideration of the premises and the mutual covenants
and agreements herein set forth, the parties hereto covenant and agree with each
other to amend the Amendment Agreement as follows:
1. All terms defined in the Agreement will have the same meaning as in this
amendment agreement.
2. Paragraph 5 of the Agreement be amended so as to provide that if the
Effective Date has not occurred on or before September 30, 1999, the Agreement
shall terminate at the election of the Vendors at any time thereafter, and the
Vendors shall be entitled to retain, as liquidated damages, the sum of $50,000
paid pursuant to sub-paragraph 3(a)(i) therein.
3. Except as amended hereby, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF the parties hereto have hereunto set their hands and
seals effective as of the date first above written.
XXXX XXXXXXX XXXX XXXXXXX
CARTA RESOURCES LTD.
Per:
Authorized Signatory
