ADDENDUM TO THE AGREEMENT
ADDENDUM TO THE AGREEMENT
THIS ADDENDUM is dated for reference December 10, 2004:
BY AND BETWEEN THE PARTIES:
| Avalon Gold Corporation (A Nevada Corporation) | |
| Suite 806 – 0000 Xxxxxxx Xx. | |
| Xxxxxxxxx, Xxxxxxx Xxxxxxxx | |
| X0X 0X0 | SELLER OF THE FIRST PART |
| AND | |
| Golden Spirit Mining Ltd. (A Delaware Corporation) | |
| Suite 806 – 0000 Xxxxxxx Xx. | |
| Xxxxxxxxx, Xxxxxxx Xxxxxxxx | |
| X0X 0X0 | PURCHASER OF THE SECOND PART |
FURTHER TO THE ORIGINAL AGREEMENT DATED FOR REFERENCE 10TH DAY OF NOVEMBER, 2004:
The following clauses are amended to read as follows:
| 1 |
GRANT |
| 1.1 |
“ In consideration of the Purchaser allotting, issuing and delivering to the Seller ……. $750,000 on or before December 10, 2004 “ shall be replaced with December 24, 2004. |
| 4 |
THE PARTICIPATION AGREEMENT |
| 4.1 |
“ In the event that the Purchaser exercises the right to purchase granted hereunder and pays the Purchase Price to the Seller on or before December 10, 2004 ….” shall be replaced with December 24, 2004 ……. |
ADDITIONAL CONSIDERATION
Further, in consideration of extending the due dates to Decemmber 24, 2004, the Purchaser will allot, issue and deliver to the Seller on execution of this addendum 1,000,000 non-refundable restricted 144 shares in the capital stock of the Purchaser within 2 business days.
IN WITNESS WHEREOF the parties hereto have hereunto executed these presents as of the day and year first above written.
AVALON GOLD CORPORATION
Per:
____________________________
Authorized Signatory
GOLDEN SPIRIT MINING LTD.
Per:
____________________________
Authorized Signatory
