JOINT VENTURE AGREEMENT AMENDEMENT
Exhibit 1
JOINT VENTURE AGREEMENT AMENDEMENT
THIS IS AN AMENDMENT TO THE JOINT VENTURE AGREEMENT (the "Agreement") made and entered into on the 24th day of December, 2010 (the "Execution Date")
BETWEEN
AMFIL Technologies, Inc. herein referred to as (AMFIL) of 000 Xxxxx Xxxx, Xxxxx X. Xxx Xxxx
Xxxxxx, Xxxxxxxxxx. 00000
OF THE FIRST PART
And
Xxxxxx Xxxxxx herein referred to as (Xxxxxx) of 0 Xxxxxxxx Xxxxxxxx, Xxxx, Xxxxxxx.
Xxxxxx.
OF THE SECOND PART
(Individually the "Member" and collectively the "Members").
IN CONSIDERATION OF and as a condition of the Members entering into this Agreement and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged, the parties to this Agreement agree as follows:
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To amend Clause 11 (Contribution Schedule Description) of the original agreement to be revised to:
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11. Each Member will contribute its respective capital contributions fully and on time according to the following schedule:
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Member
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Contribution Schedule Description
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AMFIL Technologies, Inc.
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$10,000 cheque payable to Xxxxxxx X. Xxxxx on 2/12/2010
12,000,000 common share certificate to Xxxxxxx X. Xxxxx on or before 10/02/2011
36,000,000 common share certificate to Xxxxxx Xxxxxx on or before 24/02/2011
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Xxxxxx Xxxxxx
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Mining Rights as per attached Schedule "A" the "Properties" on or before 10/02/2011
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IN WITNESS WHEREOF the Members have duly affixed their signatures to this AMENDMENT under hand and seal on this 20th day of January, 2011.
Per: _______________________ (Seal)
_______________________
Xxxxxx Xxxxxx
