Lake Victoria Mining Company, Inc.: Exhibit 10.18 - Filed by newsfilecorp.com






SECOND ADDENDUM TO

MINERAL PROPERTIES SALE AND
PURCHASE AGREEMENTS 
ENTERED INTO PRIOR TO 2010 IN RESPECT OF

Primary Mining Licenses No.
____________,___________,___________,__________,_________

(the
“Licenses”)

BETWEEN: 

DIRECTOR WITH COMPANY of P. O.
Box _________, Dar es Salaam, United Republic of Tanzania, a director and
shareholder of Geo Can Resources Company of P.O. Box _________, Dar es Salaam,
United Republic of Tanzania

(hereinafter called the “The
Purchaser”) 
(Of the First Part)

AND:

_______________ in partnership
with ___________________________of P.O. Box ___, _____________, United Republic
of Tanzania 

(hereinafter individually referred to
as an “Owner” and collectively referred to as the “Owners”)

(of the Second Part)

WHEREAS:

	(a) 	The Purchaser and the Owners entered into a
      Mineral Properties Sale And Purchase Agreement dated 21st May
      2009 in respect of the above mentioned Licenses as amended by an addendum
      between the parties dated 18th Sept 2009 (the “Agreement”).
  
	  	 
	(b) 	The Owners have received the Initial Payment
      and a second payment of the Initial Payment pursuant to 2.1.1 of the
      Agreement to extend the date for the Secondary Payment to 240 days after
      the execution date of the Agreement. 
	  	 
	(c) 	The Purchaser has advised the Owners that the
      Purchaser is planning and preparing for the payment of the Secondary and
      Final Buy Out Payments according to this Second Addendum.



NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the payments outlined in amended clauses 2.1.3 (i) and 2.1.4
(i) to be paid by the Purchaser to the Owners, the parties agree as follows:

	1.0 	
      The above recitals are true and correct and form part of
      this Amendment.

	 	 
	2.0 	
      Clause 2.1.3 of the Agreement is deleted and replaced
      with the following:




	 	“2.1.3 The Secondary Payment for each Producing PML of
      Tsh ____________listed on Schedule A shall be paid either
      (i) on or before 120 days after the execution date or (ii) 240 days after
      the execution date if a second Initial Payment was made and shall be paid
      in two payments of 50% each as follows: 



	 	(A) 	
      First payment of 50% paid as follows:

	 	 	 	 
	 		(i) 	
      20% being paid immediately upon execution of this Second
      Addendum by the Owner (the “Execution Date”); and



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	 	(ii) 	30% two weeks after the Purchaser has received
      written confirmation of the transfer of  the PML(s) from the
      Commissioner; and 
	 	
	 	(iii)	50% within six months of the Execution Date.
  



	 	(B) 	
      50% of Secondary Payment within twelve months of the date
      of execution of this Second Addendum.”




	3.0 	
      Clause 2.1.4 is deleted and replaced with the
      following:

	 	 
		
      “2.1.4 The Secondary Payment for each Non Producing PML
      of Tsh ___________listed on Schedule A shall be paid either
      (i) on or before 120 days after the execution date or (ii) 240 days after
      the execution date if a second Initial Payment was made and shall be paid
      in two payments of 50% each as follows:




	 	(A) 	
      First payment of 50% of Secondary Payment paid as
      follows:




	 	(i) 	20% paid immediately upon execution of this
      Second Addendum by the Owner (the “Execution Date”); and 
	 	             
	 	(ii) 	30% two weeks after the Purchaser has received
      written confirmation of the transfer of  the PML(s) from the
      Commissioner; and 
	 	
	 	(iii)	50% within six months of the Execution Date.
  



	 	(B) 	
      50% of Secondary Payment within twelve months of the date
      of execution of this Second Addendum.”




	4.0 	
      Upon execution of the Second Addendum Agreement, payment
      of the initial 10% and the transfer of title of the PML to the purchaser,
      the Purchaser and any subsequent transferee or assignee of the Purchaser
      (“New Purchaser”) shall have free and unencumbered access to the areas
      encompassed by the Licenses and PMLs to carry out all exploration and
      development activities and operations without restriction including,
      without limiting the generality of the foregoing, sampling, geological and
      magnetic surveys, drilling and building and operating a pilot plant
      without limitation.



(The balance of this page left blank on purpose.)

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

NOW PARTIES in this agreement set their hands in the following
manner:

I, ______________________________________Advocate have gone
through this agreement in the presence of __________________________________or
and on behalf of the Owner(s) in this agreement and I have read the contents of
the agreement to him of which he has understood and has now set his hand to
acknowledge and accept the terms and conditions of the agreement.

For the Purchaser:

	SIGNED and DELIVERED at _______________	 } 	  
	by the said DIRECTOR WITH COMPANY who 	 }	  
	  	 }	  
	is known to me
      personally/Identified to me by 	 }	  
	this __25th___ day of __January______2010 	 }	


BEFORE ME:

Name:  ___________________________

Signature:
_________________________

Address  
_________________________
                 
 _________________________

Qualification _______________________

For the Owners:

	SIGNED and DELIVERED at ________________	 } 	  
	the said ______________________	 }	  
	who is known to me personally/identified to me by 	 }	 
	  	 }	                                                   
	this__________day of ____________2010. 	 }	


BEFORE ME:

Name ____________________________

Signature
_________________________

Address
__________________________
                
__________________________
 
Qualification
_______________________


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	SIGNED and DELIVERED at ________________	 }	  
	the said ________________________	 }	  
	who is known to me personally/identified to me by 	 }	 
	  	 }	                                                   
	this__________day of______________ 2010. 	 }	


BEFORE ME:

Name ________________________

Signature
_____________________

Address
______________________
                ______________________

Qualification
___________________


	SIGNED and DELIVERED at ___________________	 }	  
	the said _________________	 }	  
	who is known to me personally/identified to me by 	 }	 
	  	 }	
	this__________day of _________________2010. 	 }	


BEFORE ME:

Name _______________________  

Signature
____________________

Address
_____________________
               
_____________________

Qualification __________________


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