AMENDING AGREEMENT
AMENDING AGREEMENT
THIS AGREEMENT made the 1st day of March, 2002 but effective December 21, 2001.
BETWEEN:
ATW Resources Ltd., a company incorporated under the laws of the Northwest Territories, and having a place of business at Vancouver, British Columbia
(hereinafter called "ATW")
AND:
Aberex Minerals Ltd., a company amalgamated under the laws of British Columbia, and having a place of business at Toronto, Ontario
(hereinafter called "Aber")
AND:
SouthernEra Resources, a company duly incorporated under the laws of Ontario and having a place of business at Xxxxxxx, Xxxxxxx.
(hereinafter called “SouthernEra”)
WHEREAS ATW, Aber and SouthernEra are parties to a Joint Venture Agreement dated December 21, 2001 (the “JV Agreement”).
The parties have agreed to the following amendments.
NOW THEREFORE for good and valuable consideration the parties agree that the JV Agreement is amended as follows:
1.
Paragraph 3.2 is amended to read as follows:
“3.2
The respective initial Interests of the parties will be as follows:
(a)
ATW - 75%
- Initial Contribution $ 79,237.23
(b)
Aber – 15%
- Initial Contribution $ 15,847.45
(c)
SouthernEra – 10%
- Initial Contribution $ 10,564.96”
2.
Paragraph 28.1 is amended to read as follows:
“28.1
Any notice, direction or other instrument required or permitted to be given under this Agreement will be in writing and will be given by the delivery of same or by mailing same in prepaid registered or certified mail or by sending same by facsimile transmission or other similar form of communication, in each case at the address as set forth below or as advised by a party from time to time.”
ATW Resources LTD.
c/o Almaden Minerals Ltd.
1103 – 000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxxx, X.X. X0X 0X0
Attention: Xxxxx Xxxxxxxx, President
Fax No. (000)-000-0000
With a copy to:
Xxxxxxx X. Xxxxxxx, Q.C., Law Corporation
1700 – 0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, X.X. X0X 0X0
Fax No. (000)-000-0000
Aberex Minerals Ltd.
X.X. Xxx 0000, Xxxxxxx X
Xxxxxxx, Xxxxxxx, X0X 0X0
Attention: Xxxxxx X. Xxxxxxxxx, President
Fax No. (000) 000-0000
With a copy to:
Beach, Hepburn, LLP
1000 – 00 Xxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxx, X0X 0X0
Attention: Xxxx X. Xxxxxxx, Secretary
Fax No. (000) 000-0000
SouthernEra Resources Limited
000 Xxxxxxxx Xxxxxx Xxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxx, X0X 0X0
Fax No. (000) 000-0000
Attention: Xxxxxxx X. Xxxxx, President and CEO
With a copy to:
Fraser Xxxxxx Casgrain LLP
Suite 3900
1 First Canadian Place
000 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx, X0X 0X0
Fax No. (000) 000-0000
3.
In all other respects the JV Agreement is confirmed.
4.
This Amending Agreement may be signed in counterpart.
ATW RESOURCES LTD.
ABEREX MINERALS LTD.
Per:
Per:
“Xxxxx Xxxxxxxx”
“Xxxxxx X. Xxxxxxxxx”
Authorized Signatory
Authorized Signatory
SOUTHERNERA RESOURCES
Per:
“H. Bird”
Authorized Signatory
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