AMENDMENT TO EMPLOYMENT
AGREEMENT

    


    AMENDMENT TO
EMPLOYMENT AGREEMENT, dated
July 18, 2008 (the “Employment Agreement”), by and among Laureate Resources
& Steel Industries Inc., a Nevada corporation (the
“Company”), and Gareth
McMurray (the “Executive”) dated as of October 23, 2008 (this
"Agreement").

    


    WHEREAS, on July 18, 2008, the Company and the
Executive entered into the Employment Agreement;

    


    WHEREAS, both the Company and the Executive
desire to change the effective date of the Employment Agreement to August 22,
2008; and

    


    WHEREAS, capitalized terms
used and not defined in this Agreement shall have the meaning given to them in
the Employment Agreement.

    


    NOW, THEREFORE, the parties to
this Agreement agree as follows:

    


    1.           Effective
Date.  The date of the agreement shall be amended to be August
22, 2008.

    


    2.           Entire
Agreement.  Except as stated or referred to herein, this
instrument contains the entire agreement of the parties, and there are no
representations, covenants or other agreements.

    


    3.           Applicable
Law.  This Agreement shall be governed by and construed in
accordance with the Laws of the State of New York, without giving effect to any
choice of law or conflict of law provision or rule (whether of the New York or
any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of New York.

    


    4.           Counterparts.  This
Agreement may be executed in several counterparts, each of which shall be deemed
to be an original but all of which together will constitute one and the same
instrument.

    


    5.           Arbitration.  All
disputes and controversies arising out of or relating to this Agreement shall be
finally settled and binding under the International Arbitration Rules of the
American Arbitration Association (“AAA”) by a sole
arbitrator.  The place of arbitration shall be New York, New
York.  Any award, verdict or settlement issued under such arbitration
may be entered by any party for order of enforcement by any court of competent
jurisdiction.  The arbitrator shall have no power to take interim
measures he or she deems necessary, including injunctive relief and measures for
the protection or conservation of property and disposition of perishable
goods.

    


    [signature
page to follow]

    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
first above written.

     

    
      
        
          
            
              
                
                  
                    	 	EXECUTIVE	 
	 	 	 	 
	 	 	 	 
	
                             

                          	/s/ Gareth
      McMurray	 
	 	Name:
      Gareth McMurray	 


                  

                

              

            

          

        

      

    

     

    
      
        
          	 	THE
      COMPANY	 
	 	 	 	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Barbara
      Salz	 
	 	 	Name:  
      Barbara Salz	 
	 	 	Title:    
      Corporate Secretary