Document:

CC Filed by Filing Services Canada Inc. 403-717-3898

AMENDING AGREEMENT

THIS AMENDING AGREEMENT dated for reference the 5th day of December 2008

AMONGST:

GROSSO GROUP MANAGEMENT LTD., a company incorporated under the laws of British Columbia having a registered office at Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia, V6E 4N7

(herein “GGM”)

PARTY OF THE FIRST PART

AND:

THOSE PUBLIC CORPORATIONS MORE PARTICULARLY DESCRIBED IN SCHEDULE “A” HERETO

(each herein “Pubco” and collectively “Pubcos”)

PARTIES OF THE SECOND PART

WHEREAS:

(A)

GGM is a company established to provide on a non-exclusive basis, geological, corporate development, administrative and management services for public companies involved in the acquisition, exploration and development of natural resource properties;

(B)

Pubco and GGM executed an administrative services contract on May 6, 2005 (the “Agreement”) whereby Pubcos and GGM have agreed that GGM will provide services pursuant to the Agreement; and

(C)

the parties have determined that it is in the best interests of the parties to amend the Agreement by adding additional terms, as described herein, to  “Part 5 Termination” of the Agreement.

NOW THEREFORE in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows: 

PART 1

DEFINITIONS

1.1

In this Amending Agreement, defined terms not otherwise defined herein will have the meanings assigned to those defined terms in the Agreement.

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PART 2

ADDITIONAL TERMINATION TERMS

2.1

The parties agree that the Agreement is to be amended. A new section is to be added to the Agreement;  section 5.8 is to be as follows:

“In the event of a termination of the Agreement by any Pubco (the “Terminating Pubco”) the following shall occur within 30 days of such termination:

(a)

the Terminating Pubco shall pay to the GGM a termination payment, not exceeding $500,000, as set out in Schedule “A” herein,  that reflects the cost to GGM to pay for, or surrender the Terminating Pubco’s portion of the leased premises based on the reasonable allocation of usage amongst the Pubcos;

(b)

the Terminating Pubco pay to GGM an amount reflective of its share of severance obligations related to GGM employees based on time allocation provided that service contracts of employees of GGM who are engaged more than half of their time on matters related to the Terminating Pubco may be, at GGM’s request and sole discretion be transferred to the Terminating Pubco and the Terminating Pubco shall assume 100% responsibility for any accrued severance to such persons;

(c)

contracts which have been executed by GGM in connection with exploration programs or other direct costs of the Terminating Pubco shall be assigned over to the Terminating Pubco and the Terminating Pubco shall indemnify GGM in connection with the due performance such contractual obligations;

(d)

office equipment leases, other GGM contacts and other collective obligations shall be allocated and assumed by the remaining Pubcos as is reasonable (or payment made in lieu); and

(e)

the Terminating Pubco shall pay an amount on account of liquidated damages related to GGM fees not related to cost recoveries equal to the average of the last three months fees.”

2.2

The parties agree that all remaining terms of the Agreement continue to apply in their entirety.

PART 3

MISCELLANEOUS

3.1

This Amending Agreement is not assignable by the parties and any purported assignment thereof is void ab initio.

3.2

This Amending Agreement shall be binding upon and enure to the benefit of the parties hereto and their respective successors.

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3.3

This Amending Agreement shall be construed in accordance with the laws of the province of British Columbia and the parties agree to attorn to such jurisdiction in the event of a dispute hereunder.

3.4

Notices shall be considered effectively given hereunder when personally delivered by a Pubco to GGM or by GGM to a Pubco by personal service only, in each case delivered to a director of the Pubco and a different director of GGM.

3.5

The parties will, insofar as lawfully possible, refer all disputes hereunder to binding arbitration pursuant to a single arbitrator using final offer arbitration.

IN WITNESS WHEREOF the parties have caused this Agreement to be executed as of the date stated on the first page hereof.

GROSSO GROUP MANAGEMENT LTD.

Per:

“Joseph Grosso”

Authorized Signatory

Each Pubco has executed this Agreement by executing Schedule “A” or a counterpart thereof.

SCHEDULE “A”

to the Amending Agreement dated for reference the 5th day of December 2008.

			
	Pubco

	Amount of Maximum Termination Payment

	Authorised Signature and Date

	Blue Sky Uranium Corp.

	$500,000.00

	

”Sean Hurd”_________________

Name

___________________________

Date

	Golden Arrow Resources Corporation

	$500,000.00

	

”Nikolaos Cacos”_____________

Name

___________________________

Date

	IMA Exploration Inc.

	$500,000.00

	

”Robert Angus”________     

Name

___________________________

Date

(The foregoing figures and Nominees are subject to change from time to time. This Schedule may be executed in counterpart and from time to time)CC Filed by Filing Services Canada Inc. 403-717-3898

FIRST AMENDING AGREEMENT

TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT

THIS FIRST AMENDING AGREEMENT made effective as of and from the 1st day of May, 2006.

AMONG:

IMA EXPLORATION INC., a company incorporated under the laws of the Province of British Columbia, and having its heads office located at 709 – 837 West Hastings Street, Vancouver, British Columbia V6C 3N6

(“Corporation”)

OF THE FIRST PART

AND:

OXBOW INTERNATIONAL MARKETING CORP., a company incorporated under the laws of the Province of British Columbia, and having an office located at 3860 Moscrop Avenue, Burnaby, British Columbia, V5G 2C9

(“Contractor”)

OF THE SECOND PART

WHEREAS:

A.

The parties have entered into an Amended and Restated Management Agreement made effective as of May 1, 2006 (the “Agreement”) providing for the terms of the delivery of and compensation for the Contractor’s services to the Corporation;

B.

The parties wish to amend the terms of the Agreement with effect from the effective date of the Agreement, being May 1, 2006, as set forth herein below.

NOW THEREFORE in consideration of the premises, the mutual covenants and agreements of the parties contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the Corporation, the parties hereto agree each with the other as follows:

1.

Definitions and Interpretation

1.1

Section 1.1.1 of the Agreement defining “Accrued Fees” is hereby amended by deleting “Consultant”, and inserting “Contractor”.

1.2

Section 1.1.3 of the Agreement defining “Annual Fee” is hereby amended to clarify that the sum of $250,000 per annum is exclusive of Goods and Services Taxes (GST) under the Excise Tax Act (Canada).

1.3

Section 1.1.11 of the Agreement defining “Services” is hereby amended to read “Joseph Grosso”, in place of “Joeseph Grosso”, and in the third line “but”, in place of “by”.

2.

Compensation

2.1

The following Section 3.6 is hereby added to the Agreement:

3.6

The Contractor shall be responsible for the payment of its income taxes and GST remittances, as may be required by any governmental entity with respect to compensation paid by the Corporation to the Contractor.

3.

Corporation’s Right to Terminate

3.1

Section 5.1 of the Agreement is hereby deleted and amended to read:

5.1

Cause.   The Corporation may terminate the Contractor’s engagement under this Agreement by delivering to the Contractor written notice of termination in the event that the Contractor or Joseph Grosso has acted with gross negligence or willful misconduct with respect to the business of the Corporation, provided that such gross negligence or willful misconduct has had a material and adverse effect on the Corporation, or has acted in any way which would permit the Corporation to terminate this Agreement “for cause” at common law.  In such event, the Agreement shall terminate on the date specified in such written notice.  Upon termination pursuant to this provision, the Contractor shall be entitled to receive and the Corporation shall pay to the Contractor within three Business Days after the date of such termination the aggregate of all Accrued Fees and Accrued Expenses to the date of termination.

3.2

Section 5.2 of the Agreement is hereby amended to delete therefrom (commencing in the second line thereof) the words “or any of its directors, officers or employees” and to add the words “or Joseph Grosso” in their place and stead.

3.3

Section 5.3 of the Agreement is hereby amended to delete therefrom (commencing in the second line thereof) the words “or any of its directors, officers or employees” and to add the words “or Joseph Grosso” in their place and stead.

3.4

Section 5.4 of the Agreement is hereby deleted in its entirety.

3.5

Section 5.5 of the Agreement is hereby amended to delete the words, “(c) an amount equal to the Annual Fee”, and to add the words, “(c) an amount equal to three times the Annual Fee.”

4.

Payments to Contractor

4.1

Section 6.1 of the Agreement in the third line, the word, “my” should read, “may”, in both places.

5.

General

5.1

In Sub-section 7.5(b) of the Agreement, the reference to “ IMA Explorations Inc.”, should read “IMA Exploration Inc.”.

5.2

Any capitalized words or expressions used herein and not otherwise expressly defined, shall have the same meanings as set forth in the Agreement.

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5.3

The parties acknowledge and confirm that no party is in default of any terms of the Agreement, which is in good standing and full effect as of the date hereof.

5.4

Except as expressly amended hereby, the Agreement is hereby ratified, confirmed and approved by the parties.

5.5

Time shall be of the essence of the Agreement, as amended hereby.

5.6

This First Amending Agreement may be signed by the parties by fax or e-mailed copies, and in as many counterparts as may be deemed necessary, each of which so signed shall be deemed to be an original, and all such counterparts together shall constitute one and the same instrument.

IN WITNESS WHEREOF the parties hereto have duly executed this First Amending Agreement the ______ day of November, 2008, but having effect as of the 1st day of May, 2006.

	
	IMA EXPLORATION INC.

Per:   “David Horton”

Authorized Signatory

	

	OXBOW INTERNATIONAL MARKETING CORP.

Per:

    “Joseph Grosso” 

Joseph Grosso, President

	
	

Made effective as of and from the 1st day of May, 2006.

	

BETWEEN:

IMA EXPLORATION INC.

AND:

OXBOW INTERNATIONAL MARKETING CORP.

	

FIRST AMENDING AGREEMENT

TO THE AMENDED AND RESTATED 

MANAGEMENT AGREEMENT

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