EXHIBIT 10.11.1

 

AMENDMENT NO. 1 TO THE

WARRANT TO PURCHASE COMMON STOCK

THIS AMENDMENT NO. 1 TO THE WARRANT TO PURCHASE COMMON STOCK, (the “Warrant”) is
made effective as of September 8, 2008, by and between Blacksands Petroleum,
Inc., a Nevada corporation (the “Company”) and H. Reg F. Burden the undersigned
purchaser (the “Purchaser” and with the Company, the “Parties”). All capitalized
terms not defined herein have the meanings ascribed to them in the Warrant.

RECITALS

WHEREAS, on August 3, 2007 the Parties entered into the Warrant;

WHEREAS, at the time of execution of the Warrant, the Parties had agreed on the
vesting provisions for the Warrant and these provisions were inadvertently
omitted from the executed Warrant;

WHEREAS, the Parties desire to formally memorialize the vesting provisions that
were intended to be included in the Warrant in this Amendment No. 1 to the
Warrant to Purchase Common Stock; and

NOW THEREFORE, the Parties agree as follows:

 

1.

Section 1(a) of the Warrant is hereby restated to read in its entirety as
follows:

 

1.

DURATION AND EXERCISE OF WARRANTS

(a) The Holder may exercise this Warrant on any business day from and after the
Effective Date and on or before 5:00 P.M., New York Time, on the Expiration
Date, at which time this Warrant shall become void and of no value. Vesting
shall occur upon the entry into an agreement with another First Nations
community relating to mineral development on their traditional lands.

 

2.

All other terms and conditions of the Warrant remain in full force and effect.

3.         This Amendment may be signed in counterparts and by facsimile, each
of which when taken together shall be deemed to be an original, effective as of
the date first above written.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the Parties hereto have duly executed this Amendment as of
the date and year set forth above.
 

COMPANY:

 

Blacksands Petroleum, Inc.

 

By: “Paul A. Parisotto”

Name: Paul A. Parisotto

Title: President and CEO

 

 

PURCHASER:

 

H. Reg F. Burden

 

By: “H. Reg F. Burden”

Name: H. Reg F. Burden

Title: N/A

 

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