AMENDMENT
Exhibit
10.1
AMENDMENT
Made
as
of the 30th
day of
March, 2007.
| Re: |
Agreement
dated the 21st
day of August, 2006,
|
BETWEEN:
SAGE
ASSOCIATES INC.
AND:
| 1. |
Article
2.2.2 of the Agreement shall be amended by deleting 2.2.2 (b) and
(d).
2.2.2
(c) shall become 2.2.2 (b)
|
| 2. |
Article
2.2.2 (c) shall be added as
follows:
|
|
(c)
|
“Complete
work programs on the Property including improvement to existing roads,
new
roads as required, prospecting, drilling and all support cost to
the
drilling program of not less than
$500,000.”
|
| 3. |
All
other terms shall remain the same, and time shall remain of the
essence.
|
| 4. |
This
Agreement may be executed in multiple counterparts, each of which
shall be
deemed an original, and all of which together shall constitute one
and the
same instrument. Execution and delivery of this Amendment by exchange
of
facsimile copies bearing facsimile signature of a party shall constitute
a
valid and binding execution and delivery of this Agreement by such
party.
Such facsimile copies shall constitute enforceable original
documents.
|
Whereas
the parties hereto have executed this Amendment as of the date first written
above.
SAGE
ASSOCIATES INC.
| Per: /s/Xxxxx X. Xxxxxxx | |||
|
Xxxxx
X. Xxxxxxx
|
|
Per:
/s/
Xxxxxxxx Xxxxxx
|
|||
|
Xxxxxxxx
Xxxxxx
|
