ADDENDUM DATED December 31, 2009 TO THE CONSULTING SERVICES AGREEMENT (herein “Agreement”) DATED December 3. 2009
Exhibit
10.2
ADDENDUM
DATED December 31, 2009
TO
THE
CONSULTING
SERVICES AGREEMENT (herein “Agreement”)
DATED
December 3. 2009
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Between:
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Lake
Victoria Mining Company, Inc. a publicly traded corporation existing
pursuant to the laws of the State of Nevada with an-address at 0000
Xxxxxxxx Xxxxx, Xxxxxx, Xxxxxxxx, XXX
00000
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(herein “LVCA”)
Of The First Part
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And:
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Xxxxxx
Xxxx and/or signee’s., at 00 Xxxxxxxxxx Xxxx, Xxxx Xxxx, XX 00000 as the
Consultant.
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(herein “Consultant”')
Of The Second Part
WHEREAS LVCA and Consultant
have agreed that the Agreement requires a number of minor changes;
NOW THEREFORE in consideration
of the premises and the respective covenants and agreements herein contained,
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by the Parties, the Parties hereby covenant and
agree as follows:
1.0 AMENDMENTS TO THE
AGREEMENT
The
following items in the are hereby amended as follows:
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1.1
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On
the first page to the Agreement, item “2. Compensation” the entire
paragraph is to be replaced with the following paragraph in its entirety
up to (i):
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“ As
consideration for the Consultant's performance of the Services, the Company
agrees to issue to Xxxxxx Xxxx, and /or signee Three Hundred Thousand (300,000)
shares of the Company’s restricted common stock within 60 days of the execution
of this Addendum to the Agreement and after a probationary period of up to the
same length. During this 60 day probationary period the Company will determine
whether or not the Agreement remains in effect for the entire period, and, if
not, what percentage of the entire compensation has been earned by the
Consultant. Further, if requested by Consultant or nominee, the Company shall at
its sole expense, provide Consultant with a written legal opinion regarding the
tradability of such stock upon the termination of the period of restriction. The
Company and Consultant agree to the following:”
1.2 Item
3. on page 2 "Tenn and Termination. ", the last sentence in the
paragraph:
“Termination
by either party shall not result in the forfeiture by Consultant of the Shares
or right to a written legal opinion regarding the tradability of the
Shares.”
to be
replaced with the following sentence:
“Termination
by either party shall result in the Compensation being subject to item 2. above.
If Termination by either party happens after the probationary period then it
shall not result in the forfeiture by the Consultant of any of the Compensation
or the right to a written legal opinion regarding the tradability of the
shares.”
2.0 ENTIRE
AGREEMENT
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2.1
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This
Addendum to the Agreement constitutes the entire revisions to the
agreement and understanding of the parties with respect the amendments
herein to the Consulting Services
Agreement.
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IN WITNESS WHEREOF, each of
the parties to this Addendum to the Agreement has executed or caused this
agreement to be executed as of the date first above written.
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Per:
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XXXXX X.
XXXXXX
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President,
Xxxxx X. Xxxxxx
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CONSULTANT
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Per:
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XXXXXX
XXXX
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Xxxxxx
Xxxx
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