Document:

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                              MATRIX VENTURES, INC.
                             2640 Tempe Knoll Drive
                           North Vancouver BC V7N 4K6

December 31, 2005

Mr. Terry Loney
326 Penman Avenue
Garson, Ontario
P3L 1S5

Dear Mr. Loney:

Re:     Wanapitei River Property - Option Agreement dated April 21, 2004
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(the "Agreement")
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Further to our recent discussions,  we hereby confirm our agreement to amend the
terms of our Option  Agreement  dated April 21, 2004  concerning  the  Wanapitei
River property (the "Property") as follows:

1.       In  consideration of us paying $2,000 to you upon the execution of this
         amending  agreement,  we hereby  mutually agree that paragraph 3 of the
         original  agreement be deleted in its  entirety  and replaced  with the
         following clause:

"3.      Grant of Option.
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The Optionor  hereby  grants to the Optionee  the sole and  exclusive  right and
option (the "Option") exercisable in accordance with the terms agreed to between
the parties,  to acquire up to a 100% undivided  interest in the Property,  free
and clear of all liens,  charges,  encumbrances,  security interests and adverse
claims.  The Optionor shall pay $7,200 to the Optionee of this Agreement  (which
amount  has been  paid) and may  thereafter  at its  option  incur  $115,000  in
Expenditures  on the  Property  ($5,000  of  which  has  been  incurred)  all in
accordance  with the  following  schedule  in order  to earn an  undivided  100%
ownership interest in the Property:

         a)       $10,000 by December 31, 2006; and

         c)       $100,000 by December 31, 2007.

2.          All funds referred to above are in United States currency.

3.          All remaining terms of the Agreement

<page>

Yours truly,

MATRIX VENTURES, INC.

Per:  /s/ Lori Bolton

LORI BOLTON
President

The above is hereby confirmed and agreed as of the date first above written.

/s/ Terry Loney

Terry Loney================================================================================

                                 LOAN AGREEMENT
                                 --------------

                  THIS AGREEMENT made the 12th day of January, 2006.

BETWEEN:

                  LORI BOLTON, of 2640 Tempe Knoll Drive, North Vancouver,
                  British Columbia, V7N 4K6;

                  ("Bolton")

                                                              OF THE FIRST PART

AND:
                  MATRIX VENTURES,  INC., a company incorporated pursuant to the
                  laws of Nevada with an address for service at 1802 N Carson
                  Street, Suite 212, Carson City, Nevada, 89701

                  ("Matrix")

                                                             OF THE SECOND PART

WHEREAS:

A.       Matrix requires funding in connection with its business operations in
         the mineral property exploration sector;

B.       Bolton is prepared to loan up to $150,000 (the "Loan") to Matrix, on
         certain terms and conditions contained herein;

                  NOW  THEREFORE  THIS  AGREEMENT  WITNESSETH  that  for  and in
consideration  of the sum of TEN DOLLARS  ($10.00),  and other good and valuable
consideration,  the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

1.       Bolton hereby agrees to advance Loan from time to time upon the request
         of Matrix up to the maximum amount of the Loan.

2.       The Loan shall be unsecured  and bear simple  interest at a rate of 10%
         per annum, calculated in arrears on a monthly basis and continuing
         until the entire Loan amount is paid in full.

3.       The Loan, as well as all accrued interest shall be due and payable from
         Matrix to Bolton on demand.

<page>

4.       All funds and dollar amounts referred to in this Agreement are in the
         lawful currency of United  States, unless otherwise stated.

5.       This  Agreement  shall be  interpreted in  accordance  with the laws in
         effect  from time to time in the  Province of British Columbia.

                  IN WITNESS  WHEREOF the parties  hereto have hereunto  affixed
their respective hands, both as of the day and year first above written.

                                             MATRIX VENTURES, INC.

/s/ Lori Bolton                              PER:  /s/ Lori Bolton
--------------------------                   ------------------------
LORI BOLTON                                  Authorized SignatoryPERFORMANCE SHARE AGREEMENT

Exhibit 10.02

PERFORMANCE SHARE AGREEMENT

This Performance Share Agreement (the "Agreement") is entered into effective January 18, 2006, by and between Valero Energy Corporation, a Delaware corporation ("Valero"), and _______, a participant (the "Participant") in Valero's 2005 Omnibus Stock Incentive Plan (as may be amended, the "Plan"), pursuant to and subject to the provisions of the Plan.

1.Grant of Performance Shares.  Valero hereby grants to Participant _______ Performance Shares pursuant to Section 6.7 of the Plan.  The Performance Shares represent rights to receive shares of Common Stock of Valero, subject to the terms and conditions of this Agreement and the Plan.

2.Performance Period.  Except as provided below with respect to a Change of Control (as defined in the Plan), the "Performance Period" for any Performance Shares eligible to vest on any given Normal Vesting Date (as defined below) shall be the three calendar years ending on the December 31 immediately preceding the Normal Vesting Date.

3.Vesting and Delivery of Shares.
A.Vesting.  The Performance Shares granted hereunder shall vest over a period of three years in equal, one-third increments with the first increment vesting on the date of the regularly scheduled meeting of the Board's Compensation Committee ("Meeting Date") in January 2007, and the second and third increments vesting on the Committee's Meeting Dates in January 2008 and January 2009, respectively (each of these three vesting dates is referred to as a "Normal Vesting Date"), such vesting being subject to verification of attainment of the Performance Objectives described in Paragraph 4 by the Compensation Committee.  If the Committee is unable to meet in January of a given year, then the Normal Vesting Date for that year will be the date not later than March 31 of that year as selected by the Compensation Committee.

B.Rights.  Until shares of Common Stock are actually issued to Participant (or his or her estate) in settlement of the Performance Shares, neither Participant nor any person claiming by, through or under Participant shall have any rights as a stockholder of Valero (including, without limitation, voting rights or any right to receive dividends or other distributions) with respect to such shares, and Participant's status with respect to the issuance of such shares shall be that of a general creditor of Valero.

C.Distribution.  Any shares of Common Stock to be distributed under the terms of this Agreement shall be distributed as soon as administratively practicable after the applicable Normal Vesting Date, but not later than two-and-one-half months following the end of the year in which the vesting date for such Common Stock occurred.

4.Performance Objectives.
A.Total Shareholder Return.  Total Shareholder Return ("TSR") will be compiled for a peer group of companies (the "Target Group") for the Performance Period immediately preceding each Normal Vesting Date.  TSR for each such company is measured by dividing the sum of (i) the dividends on the common stock of such company during the Performance Period, assuming dividend reinvestment, and (ii) the difference between the price of a share of such company's common stock at the end and at the beginning of the period (appropriately adjusted for any stock dividend, stock split, spin-off, merger or other similar corporate events) by (iii) the price of a share of such company's common stock at the beginning of the period.

B.Target Group.  The applicable Target Group shall be selected by the Compensation Committee, acting in its sole discretion, at the beginning of the calendar year immediately preceding each Normal Vesting Date (or not later than 90 days after the commencement of such calendar year).  The same Target Group shall be utilized to determine the number of Performance Shares vesting under all Performance Award Agreements of Valero having a similar Normal Vesting Date, but the decision of the Compensation Committee as to the composition of such Target Group shall be final.

C.Performance Ranking.  The TSR for the Performance Period for Valero and each company in the Target Group shall be arranged by rank from best to worst according to the TSR achieved by each company.  The total number of companies so ranked shall then be divided into four groups ("Quartiles").  For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including Valero) shall be divided into four groups as nearly equal in number as possible.  The number of companies in each group shall be the total number contained in the Target Group divided by four.  If the total number of companies is not evenly divisible by four, so that there is a fraction contained in such quotient, the extra company(ies) represented by such fraction will be included in one or more Quartiles as follows:
fraction is 1/4: extra company(ies) in 1st Quartile

fraction is 1/2: extra company(ies) in 1st and 2nd Quartile

fraction is 3/4: extra company(ies) in 1st, 2nd and 3rd Quartile

Any performance shares not awarded as shares of Common Stock as a result of a ranking in the 3rd or 4th Quartile will carry forward for one more Performance Period; up to 100% of the Performance Shares carried forward may be awarded based on Valero's TSR during the next Performance Period, provided, that if any Performance Shares are carried forward due to a ranking in the 3rd Quartile, no such shares shall be awarded unless Valero's TSR in the subsequent period is in the 2nd or 1st Quartile.  To the extent shares of Common Stock are not distributed due to a ranking in the 3rd or 4th Quartile and are further deferred, such deferred shares may be distributed in accordance with this paragraph as soon as administratively practicable following a determination that such shares are to be awarded in accordance with this Paragraph 4(C), and in such event, the distribution shall not occur later than two-and-one-half months following the end of the year in which the vesting date for such Common Stock occurred.

D.Vesting Percentages.  The number of shares of Common Stock, if any, that Participant will be entitled to receive in settlement of the vested Performance Shares will be determined on each Normal Vesting Date and, subject to the provisions of the Plan and this Agreement, on such Normal Vesting Date, the following percentage of the vested Performance Shares will be awarded as shares of Common Stock to the Participant if Valero's TSR during the Performance Period falls within the following ranges:
Valero TSR is 4th Quartile: 0% awarded as common shares

Valero TSR is 3rd Quartile: 50% awarded as common shares

Valero TSR is 2nd Quartile: 100% awarded as common shares

Valero TSR is 1st Quartile: 150% awarded as common shares

If Valero's TSR is the highest achieved in the 1st Quartile for the Performance Period, Participant shall be awarded a number of shares of Common Stock equal to 200% of the Performance Shares that vested during the Performance Period.

5.Termination of Employment.  
A.Voluntary Termination and Termination for "Cause".  Except for a Change of Control (described below), if Participant's employment is voluntarily terminated by the Participant (other than through retirement, death or disability), or is terminated by Valero for "cause" (as defined pursuant to the Plan), then (a) those Performance Shares that have not vested or been forfeited, and for which a Normal Vesting Date occurs on or before the 30th day following the date of such termination, shall be awarded as shares of Common Stock on such Normal Vesting Date subject to the attainment of the performance objectives in accordance with Paragraph 4 hereof, and (b) any such Performance Shares for which a Normal Vesting Date does not occur within such 30-day period, or that are not otherwise awarded as shares of Common Stock on a Normal Vesting Date as a result of the application of Paragraph 4, shall thereupon be forfeited.

B.Retirement, Death, Disability, and Involuntary Termination Other Than for "Cause".  Except for a Change of Control, if a Participant's employment is terminated through retirement, death, or disability, or by Valero other than for cause (as determined pursuant to the Plan), then (a) those Performance Shares that have not theretofore vested or been forfeited, and for which a Normal Vesting Date occurs on or before the 90th day following the date of such termination, shall be subject to vesting on such Normal Vesting Date in accordance with Paragraph 4 hereof, and (b) any such Performance Shares for which such a Normal Vesting Date does not occur within such 90-day period, or which otherwise do not vest on a Normal Vesting Date as a result of application of Paragraph 4, shall thereupon be forfeited.

6.Change of Control.  If a Change of Control occurs with respect to Valero, then each Performance Period with respect to any Performance Shares that have not vested or been forfeited shall be terminated effective as of the date of such Change of Control (a "Change of Control Vesting Date"); the TSR for Valero and for each company in the Target Group shall be determined for each such shortened Performance Period and the percentage of Performance Shares to be received by the Participant for each such Performance Period shall be determined in accordance with Paragraph 4 and shall be distributed as soon as administratively practicable thereafter.  For purposes of determining the number of Performance Shares to be received as of any Change of Control Vesting Date, the Target Group as most recently determined by the Compensation Committee prior to the date of the Change of Control shall be used.

7.Plan Incorporated by Reference.  The Plan is incorporated into this Agreement by this reference and is made a part hereof for all purposes.  Capitalized terms not otherwise defined in this Agreement shall have the meaning specified in the Plan.

8.No Assignment.  This Agreement and the Participant's interest in the Performance Shares granted by this Agreement are of a personal nature, and, except as expressly permitted under the Plan, Participant's rights with respect thereto may not be sold, mortgaged, pledged, assigned, transferred, conveyed or disposed of in any manner by Participant, except by an executor or beneficiary pursuant to a will or pursuant to the laws of descent and distribution.  Any such attempted sale, mortgage, pledge, assignment, transfer, conveyance or disposition shall be void, and Valero shall not be bound thereby.

9.Successors.  This Agreement shall be binding upon any successors of Valero and upon the beneficiaries, legatees, heirs, administrators, executors, legal representatives, successors and permitted assigns of Participant.

 

VALERO ENERGY CORPORATION

By:

R. Michael Crownover, Vice President 

 

__________________________________________

Participant

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