AMENDMENT AGREEMENT No.1 TO JOINT VENTURE
AGREEMENT
THIS
AMENDING AGREEMENT No. 1 (this "Agreement") dated as of May 9,
2007 is among BUFFALO RIVER DENE DEVELOPMENT CORPORATION
("BRDDC") and ACCESS-ENERGY INC. (“Access
Energy”).
WITNESSETH
WHEREAS,
BRDCC and Access Energy (collectively the "Parties") are
parties to a Joint Venture Agreement dated November 30, 2006
(the "JV Agreement");
WHEREAS,
as a result of, among other things, the Parties wish to amend
the JV Agreement in order to properly reflect their current
agreement with respect to the matters addressed herein;
and
NOW
THEREFORE, in consideration of the premises and the mutual
agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as
follows:
Section
1.1,
Definitions .
Capitalized terms used herein (including in the recitals above)
without definition and which are defined in the JV Agreement are
used herein with the respective meanings given such terms in the JV
Agreement;
Section
3.2,
Obliqations .
The Parties agree that the following amendment shall become
effective automatically and without any further action by any
Party:
The
text of Section 3.2 is deleted in its entirety and is replaced
with the following text:
"It
is acknowle
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