AMENDMENT
TO
PROPERTY OPTION AGREEMENT
This amendment ("Amendment") is made and entered into this 7th day of
October, 1999, and shall amend and become a part of that certain Property Option
Agreement dated March 24, 1999 ("Option Agreement") between Uranium Power
Corporation and Pacific Amber Resources Ltd. All capitalized terms not defined
herein shall be as defined in the Option Agreement.
1. The undersigned parties hereby agree to waive the requirement contained
in Section 3.02 of the Option Agreement that a Joint Venture Agreement be
entered into within 60 days of the Option Agreement.
2. The undersigned parties hereby agree that the following sentence that is
contained in Section 3.02 of the Option Agreement is hereby deleted from Section
3.02 and shall no longer be contained therein:
"If such party has not contributed in the aggregate
$1,500,000, it shall have no further interest in the
Underlying Agreement and the Property."
In witness whereof, the parties have executed this Amendment as of the date
first above set forth.
URANIUM POWER CORPORATION
By: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
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Its: President
PACIFIC AMBER RESOURCES LTD.
By: /s/ ▇▇▇▇ ▇▇▇▇▇
---------------------------------
Its: President
