ADDENDUM TO OPTION AGREEMENT AMENDMENT DATED MARCH 11, 2004 SUMMER PROPERTY
ADDENDUM
TO OPTION AGREEMENT AMENDMENT DATED MARCH 11, 2004
SUMMER
PROPERTY
THIS
ADDENDUM is made effective as of the 10th
day of June, 2005
And
Cadre
Capital the optionor
WHEREAS:
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1)
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This
addendum does not supercede or override any previous addendum unless
specifically stated herein.
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2)
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Due
to:
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(a)
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Rio
Minerals Limited's unavailability to perform the exploration work
program
as previously scheduled by June 30, 2005;
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(b)
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The
ongoing attempt of Enwin to obtain its Registration Statement "effective"
status with the U.S. Securities and Exchange Commission regarding
its
filing of the SB-2 Registration Statement; and
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(c)
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as
a consequence of the ongoing attempt to obtain its “effective” status,
Enwin’s attempt to raise the necessary capital a timely manner which has
caused Enwin to amend the Option Agreement Amendment dated March
11, 2004;
and
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(d)
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The
upcoming inclement weather conditions in the region of Xxxxx Xxxxxxx
Xxxxxxx Xxxxxxxx, Xxxxxx;
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Pursuant
to second section of the Summer Property Option Agreement Amendment dated March
11, 2004, Enwin was required to incur the following exploration expenditures:
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Enwin
must conduct an exploration work on the property totaling no less
than
$25,000 used by June 30, 2005;
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Enwin
must conduct an exploration work on the property totaling no less
than
$75,000 used by June 30, 2006;
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Enwin
must conduct an exploration work on the property totaling no less
than
$250,000 used by June 30, 2007.
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NOW,
THEREFORE BE IT RESOLVED,
Second
section of the Summer Property Option Agreement Amendment dated March 11, 2004,
is hereby amended in the following manner:
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Enwin
must conduct an exploration work on the property totaling no less
than
$25,000 used by April 30, 2006;
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Enwin
must conduct an exploration work on the property totaling no less
than
$75,000 used by April 30, 2007;
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Enwin
must conduct an exploration work on the property totaling no less
than
$250,000 used by April 30, 2008.
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IN
WITNESS WHEREOF,
this
Addendum to the Option Agreement has been executed by the parties hereto as
of
the day and year first above written.
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ENWIN
RESOURCES, INC.
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CADRE
CAPITAL INC.
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By:
Xxxxxxx Xxxxx, President, Director
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Xxxxxx
Xxxxxx, Owner
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