Exhibit
10.8
LOAN AMENDING
AGREEMENT
This Agreement dated
effective as of the 16 th day of September,
2008.
BETWEEN:
DYNAMIC GOLD
CORP. , a
company organized in accordance with the laws of the State of
Nevada (hereinafter called the “ Borrower
”)
- and -
TIM
COUPLAND, an
individual, residing in the Province of British Columbia
(hereinafter called the “Lender”)
WHEREAS
:
1.
Borrower and Lender are
parties to a loan agreement dated September 16, 2008 (the “
Loan Agreement ”); and
2.
Borrower and Lender wish
to amend the Loan Agreement;
NOW
THEREFORE ,
in consideration of the sum of $10.00 now paid by each party to the
other (the receipt and sufficiency of which is conclusively
acknowledged) and the mutual premises contained herein, the parties
hereby agree as follows:
1.
Initially capitalized
terms and expressions used herein not otherwise defined herein
shall have the meanings ascribed thereto in the Loan Agreement, and
in addition thereto “ Amending Agreement ” means
this agreement amending the Loan Agreement.
2.
Recital paragraph 1 of
the Loan Agreement is deleted in its entirety and replaced by the
following:
“The Lender has
agreed to lend to the Borrower and the Borrower has agreed to
borrow from the Lender, the principal amount of U.S. $115,000 on
the terms and subject to the conditions contained
herein.”
3.
Paragraph (m) of the
Definition section of the Loan Agreement is deleted in its entirety
and replaced by the following:
“
“Loan” means a loan from the Lender to the Borrower in
the aggregate principal amount of U.S. $115,000, of which $10,000
was advanced by the Lender to the Borrower on December 8, 2006,
$10,800 was advanced by the Lender to the Borrower on March 31,
2007, $10,000 was advanced by the Lender to the borrower on April
3, 2007, $19,200 was advanced by the Lender to the borrower on
December 21, 2007, $25,000 was advanced by the Lender to
the
