EXHIBIT 4.8
AMENDING LETTER AGREEMENT MADE BETWEEN THE COMPANY,
IMA EXPLORATION INC. AND INVERSIONES MINERAS ARGENTINAS S.A.
DATED SEPTEMBER 30, 2003
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AMERA RESOURCES CORPORATION
SUITE 709 - 000 XXXX XXXXXXXX XXXXXX
XXXXXXXXX, X.X.
X0X 0X0
September 30, 2003
IMA Exploration Inc.
Xxxxx 000, 000 Xxxx Xxxxxxxx Xxxxxx
Xxxxxxxxx, X.X.
X0X 0X0
Attention: Xx. Xxxxxx X. Xxxxxxx,
CHAIRMAN
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- and -
Inversiones Mineras Argentinas S.A.
Av. Xxxxxxx De la Roza 670 (E)
Xxx Xxxx, Xxx Xxxx Xxxxxxxx, 0000
Xxxxxxxxx
Attention: Xx. Xxxxxx Xxxxxxxxxxx,
DIRECTOR
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Gentlemen:
RE: Letter of Intent dated March 6, 2003( the "Letter of Intent") regarding
Mogote Property located in the San Xxxx Province of Argentina (the
"Property") made between Amera Resources Corporation (the "Optionee")
and IMA Exploration Inc. and Inversiones Mineras Argentinas S.A.
(COLLECTIVELY THE "OPTIONORS")
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This will confirm that we have agreed to amend the terms of the Letter of Intent
in the following respects:
1. The parties agree that the Optionee's obligation under section 3.1 of
the letter of intent to reimburse all expenditures incurred to date by
the Optionor in respect of the Property shall be a committed and
non-refundable obligation (the "Non-Refundable Amount"). The parties
further agree that the Non-Refundable amount totals $192,952 as at the
date hereof and shall be credited to the Optionee's expenditure
obligations to be met prior to July 1, 2004 as set forth in section
3.1.
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2. The Optionor hereby acknowledges receipt of payment of the
Non-refundable Amount.
3. The parties agree that the Optionee shall be the operator of the
Property throughout the term of the Option and, accordingly, the word
"Optionor" in the first line of section 3.4 of the Letter of Intent is
hereby deleted and the word "Optionee" is substituted therefor.
4. ection 11.6 of the Letter of Intent is hereby amended by deleting the
first sentence and substituting therefor the following: " This Letter
of Intent, save and except for the obligations of the Optionee to pay
the Non-Refundable Amount, is subject to the prior acceptance for
filling by the TSX Venture Exchange on Behalf of the Optionee."
5. Capitalized terms and expression used herein but no expressly defined
herein shall have the same meanings as set out in the Letter of Intent.
6. In all other respects, the terms and conditions of the Letter of Intent
shall remain in full force and effect.
Please indicate you acceptance by signing this letter where indicated below and
returning to us the enclosed copy duly signed.
Yours very truly,
AMERA RESOURCES CORPORATION
Per: /s/ XXXXXXXX XXXXX
(Signature)
Xxxxxxxx Xxxxx,
President and Chief Executive Officer
Terms and conditions approved as of the date first above written.
IMA EXPLORATION INC. INVERSIONES MINERAS
ARGENTINAS S.A.
Per: /s/ XXXXXXX XXX Per: /s/ XXXXXX XXXXXXXXXXX
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Authorized Signatory Xxxxxx Xxxxxxxxxxx, Director
