0001096350-03-000164 Sample Contracts

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Exhibit 10.3 Extension of Option Agreement
Extension of Option Agreement • September 16th, 2003 • Hudson Ventures Inc • Gold and silver ores

Pursuant to an option agreement dated as of January 21, 2002, Glen Macdonald ("GM") granted to Hudson Ventures, Inc., an option to acquire an interest in the Property (the "Agreement"). This letter confirms that in and for the sum of $1000 Cdn., the receipt of which is hereby acknowledged, GM has agreed to amend the terms of the Agreement by deleting the reference to "December 31, 2002" in section 2.1(C) and inserting "December 31, 2003" and further by deleting the reference to "December 31, 2003" in section 2.1(D) and inserting "December 31, 2004", and further by deleting the reference to "December 31, 2002 in section 2.1(D) and inserting "December 31, 2003". The remainder of the Agreement shall remain in full force and effect. xxx

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