Document:

Filed by sedaredgar.com - Future Canada China Environment Inc. - Exhibit 10.1

THIS AMENDING AGREEMENT made and dated for reference the
24 day of August, 2009. 

BETWEEN: 

  
    
      
        FUTURE CANADA CHINA ENVIRONMENT INC., a Nevada
          corporation, 114 West Magnolia Street, Suite 437, Bellingham, WA 98225
          

        (“Pubco”)

      

    

  

AND: 

  
    
      
        GUANGDONG HONGMAO INDUSTRIAL CO., LTD. a People’s
          Republic of China corporation, 4002, 40th floor of Fuli Yinglong
          square, No. 76, the west of Huangpu main road, the Milky Way district,
          Guangzhou 510620

        (“Priveco”)

      

    

  

AND: 

  
    
      
        THE UNDERSIGNED SHAREHOLDERS OF PRIVECO AS LISTED
          ON ERROR! REFERENCE SOURCE NOT FOUND. ATTACHED HERETO 

        (the “Selling Shareholders”)
        

      

    

  

WHEREAS: 

	A. 	
      The parties entered into a share exchange agreement dated
      February 2, 2009 (the “Agreement”), wherein Pubco agreed to acquire
      all of the issued and outstanding shares of Priveco’s common stock from
      the Selling Shareholders;

	 	 
	B. 	
      The parties wish to amend certain provisions of the
      Agreement; and

	 	 
	C. 	
      Capitalized terms used herein shall have the same
      meanings as contained in the Agreement.

NOW THEREFORE THIS AMENDING AGREEMENT WITNESSETH that in
consideration of these premises and for other good and valuable consideration,
the receipt and sufficiency of which is also hereby acknowledged by each of the
parties hereto, the parties hereto hereby agree as follows: 

	13. 	
      All capitalized terms not otherwise defined herein shall
      have the meanings set out in the Agreement.

	
14. 		
Recital B is deleted in its entirety and is replaced with the following:

	
	 	 
		
Pubco has agreed to issue such number of common shares in the capital of Pubco as is equal to the total of Priveco’s assets, as set out in the audited statements of Priveco, divided by $17.00, to the Selling Shareholders
as consideration for the purchase by Pubco of all of the issued and outstanding common shares of Priveco held by the Selling Shareholders;

	
	 	 
	
15. 		
Section 4.3 of the Agreement is deleted in its entirety and is replaced with the following:

	
	 	 
		
The entire authorized capital stock and other equity securities of Pubco consists of 100,000,000 shares of common stock with a par value of $0.00001 (the “Pubco Common Stock”) and 100,000,000 shares of
preferred stock with a par value of $0.00001 (the “Pubco Preferred Stock”). As of the date of this Agreement, there are 38,665,200 shares of Pubco Common Stock issued and outstanding and nil shares of Pubco Preferred Stock
issued and outstanding. All of the issued and outstanding shares of Pubco Common Stock have been duly authorized, are validly issued, were not issued in violation of any pre-emptive rights and are fully paid and non-assessable, are not subject to
pre-emptive rights and were issued in full compliance with all federal, state, and local laws, rules and regulations. There are options to purchase a total of 1,130,000 shares of our common stock. There are no outstanding warrants, subscriptions,
phantom shares, conversion rights, or other rights, agreements, or commitments obligating Pubco to issue any additional shares of Pubco Common Stock or any shares of Pubco Preferred Stock, or any other securities convertible into, exchangeable for,
or evidencing the right to subscribe for or acquire from Pubco any shares of Pubco Common Stock or any shares of Pubco Preferred Stock as of the date of this Agreement. There are no agreements purporting to restrict the transfer of the Pubco Common
Stock, no voting agreements, voting trusts, or other arrangements restricting or affecting the voting of the Pubco Common Stock.

	
	 	 
	
16. 		
Section 4.8 of the Agreement is deleted in its entirety.

	
	 	 
	
17. 		
Section 4.16 of the Agreement is deleted in its entirety.

	
	 	 
	
18. 		
Section 4.23 of the Agreement is deleted in its entirety.

	
	 	 
	
19. 		
Section 4.25 of the Agreement is deleted in its entirety.

	
	 	 
	
20. 		
Section 4.26 of the Agreement is deleted in its entirety.

	
	 	 
	
21. 		
Section 5.2(g) of the Agreement is deleted in its entirety.

	
	 	 
	
22. 		
Section 5.2(i) of the Agreement is deleted in its entirety and is replaced with the following:

	

		
      On the Closing Date, Pubco will have no more than
      38,665,200 common shares issued and outstanding in the capital of Pubco
      and options to purchase a total of 1,130,000 shares of our common
      stock.

	 	 
	23. 	
      Section 5.2(j) of the Agreement is deleted in its
      entirety.

	 	 
	24. 	
      Section 6.8(c) of the Agreement is deleted in its
      entirety.

	 	 
	25. 	
      Schedule 4 of the Agreement is deleted in its entirety
      and is replaced with the following:

SCHEDULE 4 
TO THE SHARE EXCHANGE AGREEMENT 
AMONG
FUTURE CANADA CHINA ENVIRONMENT INC., GUANGDONG HONGMAO 
INDUSTRIAL CO., LTD.
AND THE SELLING SHAREHOLDERS AS SET OUT IN THE 
SHARE EXCHANGE AGREEMENT 

DIRECTORS AND OFFICERS OF PUBCO 

	Directors: 	  
	Rui Yang 	  
	  	  
	  	  
	  	  
	Officers: 	  
	Name 	Office 
	Rui Yang 	President and Treasurer 
	Kin Bun Kwong 	Vice President and Legal
      Representative in the People’s 
	  	Republic of China 
	Alan Chan 	Secretary 
	Gang Xiang 	Vice President

	26. 	
      In all other respects the terms and conditions of the
      Agreement shall continue in full force and effect.

	 	 
	27. 	
      Each of the parties hereto agrees to do and/or execute
      all such further and other acts, deeds, things, devices, documents and
      assurances as may be required in order to carry out the true intent and
      meaning of this Amending Agreement.

	 	 
	28. 	
      This Amending Agreement shall enure to the benefit of and
      be binding upon the parties hereto and each of their successors and
      permitted assigns, as the case may be.

	 	 
	29. 	
      This Amending Agreement may be executed in any number of
      counterparts and any party hereto may execute any counterpart, each of
      which when executed and delivered will be

		
      deemed to be an original and all of which counterparts
      taken together will be deemed to be one and the same instrument. The
      execution of this Amending Agreement will not become effective until all
      counterparts hereof have been executed by all of the parties
  hereto.

	 	 
	30. 	
      Each of the parties hereto will be entitled to rely upon
      delivery by facsimile of executed copies of this Amending Agreement, and
      such facsimile copies will be effective to create a valid and binding
      agreement among the parties hereto in accordance with the terms and
      conditions of this Amending Agreement.

IN WITNESS WHEREOF this Amending Agreement has been
executed and delivered as of the day and year first above written. 

FUTURE CANADA CHINA ENVIRONMENT INC. 

 

Per:      /s/ Rui
Yang                                                  
          
Authorized
Signatory 
          
Name:  Rui
Yang                                            
          
Title:   
President                                            

GUANGDONG HONGMAO INDUSTRIAL CO., LTD. 

 

Per:     /s/
Xianggang                                               
          
Authorized
Signatory 
          
Name: 
Xianggang                                         

          
Title:   
President                                          
 

 

 

	/s/
      Xianggang 	 	/s/
      Xiangcheng 
	XIANGGANG 	 	XIANGCHENG 
	 	 	  
	 	 	  
	 	 	  
	/s/ Pan
      Dongmei 	 	  
	PAN DONGMEIFiled by sedaredgar.com - Santa Fe Gold Corp. - Exhibit 10.1

AMENDMENT NO. 2 TO SECURITIES PURCHASE AGREEMENT, DEBENTURES

MODIFICATION AND WAIVER

     This AMENDMENT NO. 2 TO
SECURITIES PURCHASE AGREEMENT, DEBENTURES MODIFICATION AND WAIVER (this
“Amendment”) is made effective as of June 30, 2009, by and among Santa Fe Gold
Corporation, a Delaware corporation (the “Company”), and Sulane Holdings, Ltd.,
a British Virgin Islands company (the “Purchaser”).

RECITALS

	 	1. 	
      The Company and the Purchaser are parties to a Securities
      Purchase Agreement, dated as of December 21, 2007 (the “Agreement”),
      pursuant to which the Company issued and sold to the Purchaser Thirteen
      Million Five Hundred Thousand Dollars ($13,500,000) original principal
      amount of 7% Senior Secured Convertible Debentures (collectively, the
      “Debentures”), evidenced by a series of six (6) Debentures, dated
      as of the respective dates and in the respective original principal
      amounts as follows:

	DATE OF 
DEBENTURE 
	ORIGINAL 
PRINCIPAL
      
AMOUNT 
	December 15, 2007 	$ 350,000 
	January 15, 2008 	$1,500,000 
	April 15, 2008 	$3,500,000 
	July 15, 2008 	$3,500,000 
	October 15, 2008 	$3,500,000 
	January 15, 2009 	$1,150,000 
	Total 	 $13,500,000

The form of the debentures as set forth
as Exhibit B to the Agreement.

	 	2. 	
      The Agreement was amended as set forth in Amendment No.
      1, dated September 23, 2008.

	 	 	 
	 	3. 	
      The Company and the Purchaser now wish to modify certain
      other terms of the Agreement and the Debentures, as set forth in this
      Amendment.

     NOW, THEREFORE, in consideration
of the foregoing Recitals and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Purchaser
agree as follows: 

Amendments and Agreements.

	 	1. 	
      The Company and the Purchaser agree that Section 1.2
      of Exhibit B to the Agreement and Section 1.2 of the Debentures shall
      be deleted and replaced in their entirety as
follows:

     1.2
Payment in Shares. The Holder and Maker agree that (a) the Initial
Accrued Interest on the Debentures due June 30, 2009 in the collective aggregate
amount of $974,360 is hereby automatically converted into 974,360 shares of the
Company’s common stock, and (b) aggregate accrued interest on the outstanding
principal amounts of the Debentures for the quarters ending September 30, 2009
and December 31, 2009, shall be paid in shares of the Company’s common stock, to
be valued at one dollar ($1.00) per share at the time of payment and
issuance.

     On March
31, 2010, the Holder shall have the option to make a six-month election, by
giving Maker written notice of its election thirty (30) days prior to March 31,
2010, to have the March 31, 2010 and June 30, 2010 Quarterly Interest Payments
paid in shares of Common Stock. Commencing September 30, 2010, the Holder shall
have the option to make an annual election, by giving Maker thirty (30) days’
prior written notice of its election, to have the following four (4) Quarterly
Interest Payments paid in shares of Common Stock. Valuation of the Common Stock
shall be based upon the Market Price (as defined below) of the Common Stock for
the thirty (30) trading days immediately preceding the payment due date. As used
herein, “Market Price” shall mean the arithmetic average of the
volume weighted average trading price per share of Common Stock for such thirty
(30) day period as reported by Bloomberg L.P., or any successor performing
similar functions.

	 	2. 	
      The Company and the Purchaser agree that with respect to
      the Initial Accrued Interest due June 30, 2009, Maker shall not be deemed
      to be in default under Section 5.1 of the Debentures and that any Event of
      Default under Section 5.1, if any, is hereby affirmatively and
      retroactively waived.

	 	 	 
	 	3. 	
      Except as modified by this Amendment, the Agreement and
      Debentures shall remain in full force and effect.

(Signature Pages Follow)

2

     IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be duly executed by their respective
authorized signatories as of the date first indicated above.

SANTA FE GOLD CORPORATION

	By: 	/s/ W. Pierce Carson
	 	W. Pierce Carson 
	 	President & CEO 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 
SIGNATURE PAGE
FOR PURCHASER FOLLOWS]

3

     IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be duly executed by their respective
authorized signatories as of the date first indicated above.

SULANE HOLDINGS, LTD.

	By: 	/s/ Dr. Werner Keicher
	  	Name: Dr. Werner Keicher 
	  	Title: Director 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

4

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