ADDENDUM TO STOCK PURCHASE AGREEMENT
THIS ADDENDUM TO STOCK PURCHASE AGREEMENT ("Agreement") has been
made and entered into as of this 18th day of March, 2004, between
the shareholders of Glencairn Gold Mine (Proprietary)
("Sellers"), and Centurion Gold Holdings, Inc., a Florida
Corporation (the "Purchaser").
R E C I T A L S:
A. The parties hereto desire to amend the Stock Purchase
Agreement made and entered into by and between the
parties dated February 2, 2004. Pursuant to which the
Purchaser purchased from the Sellers one hundred percent
of the outstanding common stock of Glencairn Gold Mine
(Proprietary) Limited , for the consideration of
1,000,000 common shares of Centurion Gold holdings, Inc.,
a deposit of $500,000 and $1,000,000 to be paid over a
period of time.
NOW, THEREFORE, in consideration of the mutual agreements and
covenants contained herein, the parties hereto agree as follows
and do thereby adopt this Agreement.
The parties hereto wish to amend Article 2.1 of the Stock
purchase agreement dated February 2, 2004 to read as follows
2.1. Stock Sale. Subject to the terms and conditions of the
Closing Documents, the Sellers hereby agree to sell, transfer and
deliver to Purchaser, and Purchaser hereby agrees to purchase and
accept, the Transferred Shares, in consideration for the delivery
of 1,500,000 common shares of the Purchaser (the "Purchase
Price") by Purchaser to Sellers to be distributed pro-rata based
on share ownership of Glencairn Gold Mine (Proprietary) Limited.
As per schedule 2.1. and $500,000 payable as to
(a) $500,000 within 14 days of signature hereof.
IN WITNESS WHEREOF, the parties have executed this Agreement as
of the day and year first above written.
PURCHASER:
/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx: President:
Centurion Gold Holdings, Inc.
SELLERS:
/s/ Xxxx Xxxxxxxx
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Xxxx Xxxxxxxx: Glencairn Gold
Mine (Proprietary) Limited
