EXHIBIT 10.2
Summer Property Option Agreement Amendment
Between:
Enwin Resources the optionee
&
Cadre Capital the optionor
March 11, 2004
The following option amendment agreement directly effect an agreement between
Enwin Resources and Cadre Capital regarding the Summer Property located in BC.
Canada dated Jury 25, 2002.
o This addendum will terminate section 1(l) sub-section (iii) through
(v).
o This addendum will terminate section 1(k) sub-section (ii) through
(iv).
Under this agreement Xxxxxx Xxxxxx the owner of Cadre Capital the owner of
mineral rights to the Summer Property will maintain the existing option for
Enwin to earn a 100% interest in the Summer Property.
The adjusted terms for Xxxxx to earn the option will apply as follows:
o Enwin from hereon shall maintain all property maintenance fees and
payments in order to keep the property in good standing with
applicable mining laws governing the property.
o Enwin must conduct an exploration work on the summer property totaling
no less than $25,000 used by June 30th 2005.
o Enwin must conduct an exploration work-program on the summer property
totaling no less then $75,000 used by June 30th 2006.
x Xxxxx must conduct an exploration work-program on the summer property
totaling no less than $250,000 used by June 30th 2007.
Xxxxx agrees to engage Rio Minerals Ltd. for all and any work-programs conducted
on the property, as per our discussion it is mutually agreed upon between both
parties that due to Rio Minerals unavailability in 2004 an weather conditions
that will affect work on the property, the next work program will be initiated
in the spring of 2005.
This agreement is accompanied by an appendix which explains the reasons for the
amendments mutually agreed upon by both parties.
Per: CadreCapital Per: Enwin Resorces
Xxxxxx Xxxxxx, Xxxxxxx Xxxxx,
Owner Cadre Capital President, Director Enwin