Summer Property Option Agreement Amendment
Summer
Property Option Agreement Amendment
Between:
&
Cadre
Capital the optionor
March
11,
2004
The
following option amendment agreement directly effects an agreement between
Enwin
Resources and Cadre Capital regarding the Summer Property located in BC. Canada
dated July 25, 2002.
· |
This
addendum will terminate section 1(i) sub-section (iii) through
(v).
|
· |
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:
· |
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.
|
· |
Enwin
must conduct an exploration work on the summer property totaling no
less
than $25,000 used by June 30th
2005.
|
· |
Enwin
must conduct an exploration work-program on the summer property totaling
no less then $75,000 used by June 30th
2006.
|
· |
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 and 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
/s/
Xxxxxx Xxxxxx
Xxxxxx
Xxxxxx,
Owner
Cadre Capital
|
Per:
|
Enwin
Resources
/s/
Xxxxxxx Xxxxx
Xxxxxxx
Xxxxx,
President,
Director Enwin
|