Back to top

MINERAL PROPERTY OPTION AMENDMENT NO. 2

Option Agreement

MINERAL PROPERTY OPTION AMENDMENT NO. 2 | Document Parties: SANTOS RESOURCE CORP. | Starfire Minerals Inc You are currently viewing:
This Option Agreement involves

SANTOS RESOURCE CORP. | Starfire Minerals Inc

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: MINERAL PROPERTY OPTION AMENDMENT NO. 2
Date: 5/27/2009

MINERAL PROPERTY OPTION AMENDMENT NO. 2, Parties: santos resource corp. , starfire minerals inc
50 of the Top 250 law firms use our Products every day

 

 

<FONT FACE="Arial" SIZE=2>

 

<U><P ALIGN="CENTER">Exhibit 10.3</P>

</U><B><P ALIGN="CENTER">MINERAL PROPERTY OPTION AGREEMENT AMENDMENT NO. 2</P>

</B><P ALIGN="JUSTIFY">This Mineral Property Option Agreement Amendment No. 2 (this "Agreement") is dated for reference the 23<SUP>rd</SUP> day of April, 2009, between Starfire Minerals Inc. (the &quot;Owner&quot;) and Santos Resource Corp. (&quot;Santos&quot;).</P>

<P ALIGN="JUSTIFY">WHEREAS the parties to this Agreement entered into a mineral property option agreement dated the 25<SUP>th</SUP> day of June, 2007, which was amended by amending agreement dated as of the 29<SUP>th</SUP> day of May, 2009 (collectively, the &quot;Mineral Property Agreement&quot;).</P>

<P ALIGN="JUSTIFY">AND WHEREAS the parties desire to amend the Mineral Property Agreement to amend the terms to exercise the Option, as more particularly as described herein.</P>

<P ALIGN="JUSTIFY">NOW THEREFORE in consideration of the mutual covenants and promises contained herein, the parties agree on the following terms:</P>

<p class="MsoNormal" style="margin-top:12.0pt;margin-right:0in;margin-bottom:

0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in">

1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Definitions</u>.&nbsp; Capitalized terms not defined herein shall have

the meaning defined in the Mineral Property Agreement.</p>

<p class="MsoNormal" style="margin-top:12.0pt;margin-right:0in;margin-bottom:

0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in">

2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendment to Terms to Exercise Options</u>.&nbsp; Paragraph 2.2(c)(ii)

of the Mineral Property Agreement is deleted in its entirety and replaced with

the following:</p>

<p class="MsoNormal" style="margin-top:12.0pt;margin-right:0in;margin-bottom:

0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:

-.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; an additional twenty-five thousand ($25,000) dollars to be

incurred as follows:</p>

<p class="MsoNormal" style="margin-top:12.0pt;margin-right:0in;margin-bottom:

0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:

-.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ten thousand two hundred sixty ($10,260) dollars on or before May 11,

2009; and</p>

<p class="MsoNormal" style="margin-top:


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more