EXHIBIT 10.3
OPTION EXTENSION AGREEMENT
WATERLOO VENTURES, INC.
Xxxxx 000 - 00 Xxxx Xxxxxxx Xxxxx, Xxxx, Xxxxxx 00000
___________________________________________________________________________
__
Klondike Bay Resources
000 Xxxxxx Xxxxxx
Xxxxxx, Xxxxxxx X0X 0X0
August 15, 2003
ATTENTION: Xxxxx Xxxxx
RE: Claims # 0000000,0000000,0000000,0000000, Xxxxxxx Xxxxxx Xxxxxxxx,
Xxxxxxx, Xxxxxx ( the "Property")
Dear Sirs,
Pursuant to an option agreement dated as of August 21, 2002, Klondike Bay
Resources ("KB") granted to Waterloo Ventures, Inc., an option to acquire
an interest in the Property (the "Agreement"). This letter confirms that
in and for the sum of $1000 U.S.D., the receipt of which is hereby
acknowledged, KB has agreed to amend the terms of the Agreement by deleting
the reference to "August 31, 2003" in section 2.1(B) and inserting "August
31, 2004" and further by deleting the reference to "August 31, 2004" in
section 2.1(C) and inserting "August 31, 2005", and further by deleting the
reference to "August 31, 2003" in section 2.1(C) and inserting "August 31,
2004". The remainder of the Agreement shall remain in full force and
effect.
Yours truly,
WATERLOO VENTURES, INC.
Per: /s/ Xxxxxxxx Xxxxxxx
Xxxxxxxx Xxxxxxx, President
The above is hereby confirmed and agreed as of the date first above
written.
Klondike Bay Resources
Per: /s/ Xxxxx Xxxxx
Xxxxx Xxxxx
