AMENDMENT NO. 1
TO MINERAL RIGHT OPTION
AGREEMENT
This Amendment
to the Mineral Right Option Agreement dated April __, 2009 (the
“Amendment”), is made and entered into by and among
Temasek Investments Inc., a company duly incorporated and organized
under the laws of Panama (hereinafter referred to as
“Optionor”), and Amazon Goldsands Ltd., a company duly
incorporated and organized under the laws of Nevada, United States
of America (hereinafter referred to as
“Optionee”).
R E C I T A
L S :
A. Optionor
and Optionee have previously entered into the Mineral Right Option
Agreement, dated September 18, 2008 (the
“Agreement”);
B. The
parties desire to amend the Agreement as set forth herein with the
same force and effect as if such amendments were incorporated into
the Agreement as originally executed.
NOW, THEREFORE,
in consideration of the mutual covenants and agreements contained
herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties
hereby agree as follows:
1.
Capitalized Terms . Capitalized terms not
otherwise defined herein have the meanings set forth in the
Agreement.
2.
Purchase and Sale of Shares; Purchase Price . Section 2.2(b)
of the Agreement is deleted in its entirety, and the following is
substituted in replacement:
Subject to the
prior and due and complete exercise by the Optionee of the 25%
Option in accordance with the paragraph before, the Optionee may
exercise the second twenty-five percent (25%) option to acquire an
additional 25% interest in the Mineral Rights, in accordance with
the terms set out below (hereinafter, the “50%
Option”).
In order to
exercise the 50% Option, the Optionee, within 6 months from the
Effective Date or as soon as practicable thereafter,
shall:
(i) have
exercised and completed the 25% Optio
