CADILLAC WEST AGREEMENT EXTENSION
CADILLAC WEST AGREEMENT EXTENSION
▇▇▇▇▇ ▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ hereby agree to extend the term of the agreement dated June 3, 2004 with Resource Finance & Investment Ltd (the "Agreement") to March 31, 2005, subject to and conditional upon satisfaction by February 28, 2005 of the following provisions of the Agreement:
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(a) |
issuance of shares of Cadillac West Explorations Inc. ("CWE") | |
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currently due under Clause 3, |
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(b) |
execution of a Royalty agreement in favour of ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ | |
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pursuant to Clause 7, and |
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(c) |
execution of an extension of the Agreement in essentially the same form | |||
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as agreed, with the addition of a provision governing the |
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issuance of any stock in CWE above and beyond that covered by the |
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Agreement, so long as CWE remains a non-reporting corporation. |
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EXECUTED as of February 7, 2005 by
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/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ |
▇▇▇▇▇ ▇. ▇▇▇▇▇
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/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ |
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
AGREED AND ACCEPTED BY RESOURCE FINANCE & INVESTMENT LTD.
ON THE 10th DAY OF FEBRUARY, 2005.
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Per: /s/ |