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Second Amendment To Option To Purchase And Royalty Agreement

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 This Royalty Agreement involves

TIGER JIUJIANG MINING, INC. | KIUKIANG GOLD MINING COMPANY | TIGER JIUJIANG MINING, INC

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Title: SECOND AMENDMENT TO OPTION TO PURCHASE AND ROYALTY AGREEMENT
Governing Law: Wyoming     Date: 5/29/2014
Industry: Gold and Silver     Sector: Basic Materials

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SECOND AMENDMENT TO OPTION TO PURCHASE AND ROYALTY AGREEMENT

THIS SECOND AMENDMENT TO THE OPTION TO PURCHASE AND ROYALTY AGREEMENT made as of the 22nd day of May, 2013.

BETWEEN:

KIUKIANG GOLD MINING COMPANY, a company duly incorporated under the laws of Jiangxi Province, China and having an address at 39 Lane 1199, Jiujiang City, Jiujiang, China

(hereinafter called " Kiukiang”)

OF THE FIRST PART

AND:

TIGER JIUJIANG MINING, INC. , a company duly incorporated under the laws of the State of Wyoming, having its registered office at 1620 Central Avenue, Suite 202, Cheyenne, Wyoming, 82001

(hereinafter called "Tiger Jiujiang")

OF THE SECOND PART

WHEREAS, as a result of an initial delay in the completion of the work on phase I of the mineral exploration program and a subsequent delay in receipt of the engineering report on the work involved in phase I, Tiger Jiujiang and Kiukiang desire to amend that certain Option To Purchase And Royalty Agreement dated February 22, 2010, such as to extend the May 31, 2013, deadline for the completion of the second phase of the exploration program from May 31, 2013 to May 31, 2014 and to extend any and all dates in the Option to Purchase and Royalty Agreement by one full year.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the mutual promises herein set forth and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

The Option To Purchase And Royalty Agreement entered into between Tiger Jiujiang and Kiukiang dated February 22, 2010, is hereby amended in relevant part to read as follows:

3.

OPTION

 

 

 

3.1

Kiukiang hereby gives and grants to Tiger Jiujiang the sole and exclusive right and option to acquire 50% of the right, title and interest of Kiukiang in and to the Property, subject only to Kiukiang receiving the annual payments, shares and the Royalty, in accordance with the terms of this Agreement for and in consideration of the following:

 

 

 

(a)

Tiger Jiujiang, or its permitted assigns, incurring exploration expenditures on the


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