BAYVIEW CORPORATION
Suite 000, 00 Xxxx Xxxxxxx Xxxxx
Xxxx, Xxxxxx 00000
November 13, 2003
Xx. Xxxxx Xxxxx
000 Xxxxxx Xxxxxx
Xxxxxx, Xxxxxxx
X0X 0X0
Dear Xx. Xxxxx:
Re: Mac Len Property - Option Agreement dated November 28, 2002
Dear Sirs,
Further to our recent discussions, we hereby confirm our agreement to amend
the terms of our Option Agreement dated November 28, 2002 concerning the
Mac Len property (the "Property") as follows:
1. You hereby confirm that we have previously spent $8,500 on exploration
of the Property and have forwarded an additional $4,000 to complete
the current trenching program on the Property;
2. Upon execution of this amending agreement, we will pay you an
additional $1,000 in cash and commit to completing the current
trenching program on the Property by December 5, 2003;
3. We hereby mutually agree that:
(a) paragraph 2.1(B) be and is hereby deleted in its entirety
and replaced with the following:
"by November 30, 2004, the incurrence of Property Expenditures in
the amount of $24,600 US".
(b) paragraph 2.2(C) be and is hereby deleted in its entirely and
replaced with the following:
"by November 30, 2005, the incurrence of Property Expenditures in
the amount of $179,200 US".
4. All funds referred to above are in United States currency.
Yours truly,
BAYVIEW CORPORATION
Per:
/s/XXXX XX
XXXX XX
Secretary/Treasurer
The above is hereby confirmed and agreed as of the date first above
written.
/s/Xxxxx Xxxxx
Xxxxx Xxxxx
