AMENDMENT
      NO. 1 TO PURCHASE AGREEMENT

     

    THIS
      AMENDMENT is made and entered effective as of April 18, 2008 by and between
      DANIEL K. DONKEL (“Donkel”) and SAMUEL H. CADE (“Cade”)(hereinafter collectively
      referred to as "Sellers")
      and
      COLUMBUS VENTURES, INC. (hereinafter called "Buyer").

     

    WHEREAS:

     

    A. The
      Sellers and the Buyer have entered into an agreement titled "Purchase Agreement
      (North Slope Leases)" (hereinafter called "Purchase
      Agreement")
      whereby the Buyer agreed to acquire certain State of Alaska oil and gas leases
      from the Sellers for $621,607.50;

     

    B. The
      Sellers and the Buyer (hereinafter collectively referred to as "Parties")
      wish
      to amend the Purchase Agreement by changing and modifying the dates of certain
      payments set forth in the Purchase Agreement, all as set forth in this
      Amendment..

     

    NOW
      THEREFORE, in consideration of the mutual covenants herein contained, and for
      other good and valuable consideration (the receipt and sufficiency of which
      is
      hereby acknowledged), the parties hereto agree as follows:

     

    
      	
              1.

            	
              AMENDMENT
                TO SECTION 3

            


    

     

    Section
      3(a) of the Purchase Agreement is hereby amended and modified as
      follows:

     

    1.1 The
      date
      of the $125,000.00 payment stated to be due and payable on or before Friday,
      April 11, 2008 is hereby amended and modified whereby the said $125,000.00
      payment is due and payable on or before Friday, April 18, 2008. 

     

    1.2 The
      date
      of the $115,000.00 payment stated to be due and payable on or before Friday,
      April 25, 2008 is hereby amended and modified whereby the said $115,000.00
      payment is due and payable on or before Friday, May 30, 2008. The Parties
      acknowledge and agree that as a result of the foregoing change a total of
      $230,000.00 shall be due and payable on or before Friday, May 30, 2008.


     

    
      	
              2.

            	
              AMENDMENT
                TO SECTION 9

            


    

     

    Section
      9
      of the Purchase Agreement is hereby modified and amended by deleting reference
      to the date “April 11, 2008” and replacing it with the date “April 18, 2008.”
The Parties hereto further covenant and agree that, on or before April 18,
      2008,
      both the Purchase Agreement, as amended herein, is deemed and considered to
      have
      been fully executed and further that the initial $125,000.00 payment provided
      for in Section 3(a) above was deemed to have been received by the Escrow Agent.
      Accordingly, none of the Parties can hereinafter assert or allege that the
      Purchase Agreement, as amended herein, is, or was, null and void and of no
      further force and effect. 


    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              3.

            	
              AMENDMENT
                TO SECTION 12.

            


    

     

    Section
      12(a) of the Purchase Agreement is hereby modified and amended by deleting
      reference to the date “April 25, 2008” and replacing it with the date “May 30,
      2008.” The Parties hereto further covenant and agree that, as a result of the
      foregoing change, a total
      of
      $230,000.00 shall be due and payable on or before Friday, May 30, 2008 under
      the
      provisions of Section 12(a) and 12(b) of the Purchase Agreement, as amended
      herein. 

     

    
      	
              4.

            	
              balance
                of terms

            


    

     

    4.1 All
      other
      terms of the Purchase Agreement shall remain in full force and
      effect.

     

    4.2 In
      the
      event of any conflict in the terms of this Amendment with the terms of the
      Purchase Agreement, the terms of this Amendment shall govern and
      control.

     

    
      	
              5.

            	
              counterpart
                execution

            


    

     

    For
      the
      sake of simplicity in execution, this Amendment to the Purchase Agreement may
      be
      executed by original or telefax signature in any number of counterparts, each
      of
      which shall be deemed an original hereof. All counterparts of this Amendment
      to
      the Purchase Agreement which are executed by telefax signature shall be valid
      and binding as original signatures for all purposes (evidentiary or
      otherwise).

     

    IN
      WITNESS WHEREOF. the parties hereto have executed this Amendment to the Purchase
      Agreement as of the date first written above.

    


    
      	
              SELLERS:

            	 	
              BUYER:

            
	 	 	 	 	 
	
              /s/
                Daniel K. Donkel 

            	 	 	 	 
	
              DANIEL
                K. DONKEL

            	 	
              COLUMBUS
                VENTURES, INC.

            
	 	 	 	 	 
	
              /s/
                Samuel H. Cade 

            	 	
              By:

            	
              /s/
                Alvaro Vollmers

            	 
	
              SAMUEL
                H. CADE

            	 	 	
              Alvaro
                Vollmers, CEO

            


    

    


    ESCROW
      AGENT AGREES TO THE TERMS SET FORTH IN SECTIONS 3 AND 12 OF THE FOREGOING
      AMENDMENT NO. 1 TO PURCHASE AGREEMENT:

     

    RYAN
      GUNSAULS & O’DONNELL

     

    
      	
              By:

            	
              /s/
                Douglas Barr

            	 
	 	
              Douglas
                Barr

            


    

     

    
      
         

      

      
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