0000912282-10-000191 Sample Contracts

AMENDMENT NO. 1 TO OPTION AGREEMENT DATED AUGUST 5, 2008
Option Agreement • February 10th, 2010 • Gryphon Gold Corp • Gold and silver ores

This Amendment No. 1(“Amendment No. 1”) to the Option Agreement, dated August 5, 2008 (the “Option Agreement”), by and among Gryphon Gold Corporation, a Nevada corporation (the “Company”), Gerald Baughman, an individual, and Fabiola Baughman, an individual, and together with Gerald Baughman, husband and wife (jointly, the “Debtholders”) and Nevada Eagle Resources LLC, a Nevada limited liability company, as guarantor (“Nevada Eagle”), is entered into effective as of February 5, 2010 (the “Effective Date”).

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OPTION CONSIDERATION AGREEMENT
Option Consideration Agreement • February 10th, 2010 • Gryphon Gold Corp • Gold and silver ores • Nevada

This Option Consideration Agreement (the “Agreement”), by and among Gryphon Gold Corporation, a Nevada corporation (the “Company”) and Gerald Baughman, an individual, and Fabiola Baughman, an individual, and together with Gerald Baughman, husband and wife (jointly, the “Debtholders”), is entered into effective as of February 5, 2010 (the “Effective Date”).

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