AMENDMENT AGREEMENT TO SHARE
PURCHASE AGREEMENT
THIS AMENDMENT
AGREEMENT is dated as of
the 12th day of August, 2009 (the “Effective
Date”)
AMONG:
MARKTECH ACQUISITION
CORP. , a corporation
duly formed under the laws of British Columbia with its principal
office at 3045 Quennell Road, PO Box 13, Nanaimo, BC V9X
1K5
(hereinafter called the
"Vendor")
OF THE FIRST PART
AND:
WORLDBID INTERNATIONAL
INC. , a company duly
continued under the laws of Nevada with its principal office at
Suite 201, 801 Peace Portal Drive, Blaine, WA 98230
(hereinafter referred to as
“Worldbid")
OF THE SECOND PART
AND:
TERRACE VENTURES
INC. , a Nevada
corporation with its principal office at 810 Peace Portal Drive,
Suite 202, Blaine, WA 98230
(hereinafter referred to as
“Terrace")
OF THE THIRD PART
AND:
GEOBIZ SYSTEMS
INC. , a Nevada
corporation with its registered office at 8275 S. Eastern Avenue,
Suite 200, Las Vegas, NV 89123
(hereinafter referred to as the
"Purchaser")
OF THE FOURTH PART
WHEREAS:
A.
The Vendor, Worldbid, a wholly owned subsidiary of the Vendor,
Terrace and the Purchaser, a wholly owned subsidiary of Terrace,
entered into a Share Purchase Agreement (the “Purchase
Agreement”) dated April 29, 2009 pursuant to which the Vendor
has agreed to transfer all of the shares of Worldbid to the
Purchaser in consideration of $250,000.
B.
Under the terms of the Purchase Agreement, the closing of the
Purchase Agreement was to occur no later than August 12,
2009.
C.
The parties now wish to extend the closing date of the
Purchase Agreement to December 31, 2009 upon the terms and
conditions set forth herein.
NOW,
THEREFORE, in
consideration of $10.00
