Cadre Capital Incorporated
Cadre
Capital Incorporated
000-000
Xxxx Xxxxxx
Vancouver,
British Columbia
Canada.
V6C B3
email:
xxxxxxxx@xxxxx.xxx
Telephone:
(000) 000-0000
Fax:
(000) 000-0000
To: Enwin
Resources Inc.
From:
Cadre
Capital Inc.
Date:
August 1, 2005
RE:
|
Clarification
of Exhibit 99.3 "Waiver of Cadre Capital"
and
|
Exhibit
"Option
Agreement Amendment"
Cadre
Capital Inc, hereby acknowledges per Waiver agreement dated July 21, 2003
(Exhibit 99.3 of SB2 filings) that of the $25,000 required to be spent on or
before December 31, 2002 for exploration and development
on the
property, only $11,943 was actually spent, being less than required. It
was further agreed that the balance ($13,057) of the expenditures was to occur
no later than October 15, 2003.
However,
due to a further amendment dated March 11, 2004 (Exhibit 10.2 of SB2 filings),
it was assumed by Cadre Capital Inc. and Enwin Resources Inc. that the balance
of $13,057, was no longer required, even
though
it was not disclosed in the amendment dated March 11, 2004.
It
is
therefore agreed to by Cadre Capital Inc. that the balance of $13,057 is not
required to be carried forward or applied in anyway.
Sincerely,
Xxxxxx
X. Xxxxxx
Cadre
Capital Limited.