EXTENTION AGREEMENT to OPTION AGREEMENT dated May 15th 2011 by and between:
to
OPTION AGREEMENT
dated May 15th 2011 by and between:
EMAC Handels AG (“EMAC”)
Xxxxxxxxxxxxx 000, XX-0000 Xxxxxxxxxx/Xxxxxxxxxxx
and
LONG CANYON GOLD RESOURCES CORP. (“LCGRC”)
(formerly: XXXXXXXX HOLDINGS LTD.)
000 Xxxx 0xx Xx., #000, Xxxxx Xxxxxxxxx XX, Xxxxxx, X0X 0X0
also known as (“the parties”)
WHEREAS:
The Effective Date of the S-1 as filed and subsequent approval for trading on the OTC-BB
is taking longer than expected
IT IS HEREBY AGREED by the PARTIES, THAT:
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a)
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the period to exercise the options extended by EMAC to Canyon Gold as given under paragraph 2) of the above Option Agreement shall be extended to December 31, 2012, whereby part or all of the given sections may be exercised at any time on or before December 2012;
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b)
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title to any claim acquired under the Option Agreement shall be transferred to Canyon Gold within 30 days from acquisition by Canyon Gold under the Option Agreement;
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c)
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paragraph 2) of the Option Agreement shall herewith be superseded by a) above;
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d)
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all other conditions and rights as given in the Option Agreement shall remain in full effect.
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IN WITNESS THEREOF each of the Parties have executed this Agreement on March 28, 2012.
Signed,
xxxxxx@xxxxxxx.xxx
| EMAC Handels AG | LONG CANYON GOLD RESOURCES CORP. | ||
| /s/ Xxxxxxxx Xxxxxxxx | /s/ Xxxxxx Xxxxxxxxx | ||
| Xxxxxxxx Xxxxxxxx, President | Xxxxxx Xxxxxxxxx, President | ||
