AMENDMENT OF EXCLUSIVITY AGREEMENTExclusivity No Shop Agreement |
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AMENDMENT OF EXCLUSIVITY AGREEMENT
This Amendment of Exclusivity Agreement (this “Agreement”), is entered into, as of May 4, 2007, by and between Black Sands Petroleum, Inc., a Nevada corporation with offices at Suite 1250, 645 7th Avenue SW, Calgary, Alberta Canada T2P 4G8 (“Blacksands”), and Access Energy Inc., a corporation with offices at Suite 1405, 220 Bay Street, Toronto, Ontario M5J 2W4 (“Access”).
Whereas, Blacksands and Access Energy Inc. entered into an Exclusivity Agreement, dated November 10, 2006 (the “Exclusivity Agreement”) where Access granted Blacksands certain rights that will expire on March 10, 2007;
Whereas, Blacksands and Access extended the exclusivity period until May 8, 2007 by an Amendment to the Exclusivity Agreement, dated March 9, 2007;
Whereas, Blacksands and Access desire now to extend the Exclusivity Period through August 7, 2007;
Now, therefore, in consideration of the mutual covenants, premises and agreements set forth herein and in the Exclusivity Agreement, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
SECTION 1. Amendment to the Exclusivity Agreement. The term “Exclusivity Period” as defined in the Exclusivity Agreement is hereby amended to mean any time from the execution of the Exclusivity Agr
