EXHIBIT 10.10
ADDENDUM TO LETTER OF AGREEMENT (UNDERSHIL AIMAG "ALTAN" OPTION
AGREEMENT) BETWEEN MONGOLIAN EXPLORATIONS LTD.
AND
TON FEI XXXX XXXX & ASSOCIATES, DATED JUNE 15, 2004
THIS ADDENDUM is made effective as of the 15th day of June, 2004.
BETWEEN:
Mongolian Explorations Ltd., a Nevada corporation, whose address is 000
Xxxx Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxx, X.X. Xxxxxx X0X 0X0
(the "XXX")
AND:
Ton Fei Xxxx Xxxx & Associates, whose address is 0000 Xxxx 00xx Xxxxxx,
X.X. Xxxxxx X0X 0X0
(the "Tham").
WHEREAS:
A. This addendum to the Option Agreement dated September 1, 2003, (the
"Option Agreement") does not supercede or override the Option Agreement unless
specifically stated herein.
WHEREAS:
Pursuant to Section 2 - Grant and Exercise of Option, XXX were required to incur
the following Exploration Expenditures:
(a)(ii)(1) $10,000 on or before December 31, 2003;
(a)(ii)(2) $25,000 on or before December 31, 2004;
NOW, THEREFORE,
Section 2. GRANT AND EXERCISE OF OPTION is hereby amended in the following
manner and XXX is hereby required to incur $26,444 on or before December 31,
2004:
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 been executed by the parties hereto as of
the day and year first above written.
MONGOLIAN EXPLORATIONS LTD. TON FEI XXXX XXXX & ASSOCIATES
/s/ Xxxx Xxxxx /s/ Ton Fei Xxxx Xxxx
------------------------------------ ------------------------------------
Xxxx Xxxxx, President, Director Ton Fei Xxxx Xxxx, President
3
