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 execu
