Second Amendment To The Management Services Agreement
Second
Amendment
To
The
This
Amendment (the “Amendment”), entered into this 31st
day of
August 2007, is to the Management Services Agreement (the “Agreement”) entered
into on February 6, 2006, with an effective date of February 1, 2006, by and
between White Mountain Titanium Corporation and Trio International Capital
Corp.
and its wholly owned subsidiary, Pacific Venture Management Ltd.
IT
IS
HEREBY AGREED AS FOLLOWS:
1. The
increase to compensation by 20% to reflect the devaluation of the US dollar.
Such adjustment increased monthly compensation to US$9,600.00, plus Goods and
Services Tax in Canada.
2. Except
as
amended hereby, the Agreement shall continue to be, and shall remain, in full
force and effect. Except as provided herein, this Amendment shall not be deemed
(i) to be a waiver of, or consent to, or a modification or amendment of, any
other term or condition of the Agreement or (ii) to prejudice any right or
rights which the parties may now have or may have in the future under or in
connection with the Agreement or any of the instruments or agreements referred
to therein, as the same may be amended, restated, supplemented or otherwise
modified from time to time.
3. The
terms
of the Agreement are incorporated herein by reference and shall form a part
of
this Amendment as if set forth herein in their entirety.
IN
WITNESS WHEREOF,
each of
the parties hereto has executed this Agreement the respective day and year
set
forth below.
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White
Mountain Titanium Corporation
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Date:
August 31, 2007
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By
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/s/
Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx
X. Xxxxxxxxx, President
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Trio
International Capital Corp.
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Date:
August 31, 2007
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By
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/s/
Xxxxx Flower
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Xxxxx
Flower, Principal
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Pacific
Venture Management Ltd.
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By
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/s/
Xxxxx Flower
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Xxxxx
Flower, Principal
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