ADDENDUM TO OPTION AGREEMENT DATED SEPTEMBER 1, 2003, JUNE 15, 2004, NOVEMBER 4TH 2004 FOR THE UNDERSHIL AIMAG “ALTAN” PROPERTY
ADDENDUM
TO OPTION AGREEMENT DATED SEPTEMBER 1, 2003, JUNE 15, 2004, NOVEMBER
4TH
2004
FOR
THE UNDERSHIL AIMAG “ALTAN” PROPERTY
THIS
ADDENDUM
is made
effective as of the 23rd day of March , 2006
BETWEEN
A
Nevada
Corporation
000
Xxxx
Xxxxxx Xxxxxx, Xxx. 0000, Xxxxxxxxx, X.X., X0X 0X0
&
TON
FEI
XXXX XXXX & ASSOCIATES
0000
Xxxx
00xx
Xxxxxx,
Xxxxxxxxx, X.X., Xxxxxx, X0X 0X0
WHEREAS:
| 1) |
This
addendum does not supercede or override the Option Agreement dated
September 1, 2003, June 15, 2004, and November 4, unless specifically
stated herein.
|
| 2) |
Due
to inclement weather conditions.
|
WHEREAS:
Pursuant
to Section 2 - GRANT
AND
EXERCISE OF OPTION,
XXX was
required to incur the following exploration expenditures:
| (a) |
(ii)
(2) $26,444 on or before March 31, 2006 as per Option Agreement dated
November 4, 2004
|
| (b) |
(ii)
(3) $50,000 on or before December 31, 2006;
and
|
| (c) |
(ii)
(4) $100,000 on or before December 31,
2007.
|
NOW,
THEREFORE:
Section
2
- GRAND
AND
EXERCISE OF OPTION
is
hereby amended in the following manner:
(a)
(ii)
(2) $26,444 on or before July 31, 2006
(b)
(ii)
(3) $50,000 on or before December 31, 2006; and
(c)
(ii)
(4) $100,000 on or before December 31, 2007.
XXX
hereby agrees to be bound by the terms of the Agreement to the extent that
they
are applicable to MEL’s interest in the Property upon exercise of the Option by
XXX.
WITNESS
WHEREOF, this Agreement has be executed by the parties hereto as of the day
and
year first above written
|
|
TON
FEI XXXX XXXX & ASSOCIATES
|
|
/s/
Xxxx Xxxxx
Xxxx Xxxxx, President, Director
|
/s/ Ton Fei Xxxx Xxxx
Ton
Fei Xxxx Xxxx
|
