Document:

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

SCHEDULE D

TA-152

OIL WELL GAS WELL

DRY & ABANDONED SUSPENDED OIL ABANDONED OIL ABANDONED GAS OIL & GAS

SUSPENDED OIL & GAS ABANDONED OIL & GAS LOCATION OR DRILLING INJECTION

SHUT-IN\CAPPED OIL TEST WELL

UNDETERMINED\UNKWN SHUT-IN\CAPPED GAS SHUT-IN\CAPPED O & G

Oil Well Effluent Sour Natural Gas Water Other TypesCC Filed by Filing Services Canada Inc. 403-717-3898

AMENDING AGREEMENT

(Participation Agreement)

THIS AGREEMENT is entered into this 16th day of August, 2005.

BETWEEN:

BLACK CREEK RESOURCES LTD., a body corporate having an office in the City of Calgary, in the Province of Alberta ("Black Creek")

- and -

FALL RIVER RESOURCES LTD., a body corporate having an office in the City of Vancouver, in the Province of British Columbia ("Fall River")

- and -

HABANERO RESOURCES INC., a body corporate having an office in the City of Vancouver, in the Province of British Columbia ("Habanero")

- and -

MICRON ENVIRO SYSTEMS, INC., a body corporate having an office in the City of Carson, in the State of Nevada, U.S.A. ("Micron")

- and -

LOCHFAYNE RESOURCES LTD., a body corporate having an office in the City of High River, in the Province of Alberta ("Lochfayne")

- and -

BLAZE HOLDINGS INC., a body corporate having an office in the City of Cochrane, in the Province of Alberta ("Blaze")

WHEREAS:

A.

Black Creek, Fall River, Canasia Industries Corporation (“Canasia”), Habanero, Micron and Lochfayne entered into a Participation Agreement dated March 15, 2005; and

B.

Canasia has forfeited their interest in the Participation Agreement by not participating in the re-entry and completion attempt on the well described in Schedule “A” attached hereto; and

C.

Transaction Oil & Gas Ventures Inc. (“Transaction”) as operator under the Operating Agreement has offered the interest forfeited by Canasia to Black Creek, Fall River, Habanero, Micron and Lochfayne all of whom elected to not pick up any additional interest; and

D.

Blaze as to 10% and Black Creek as to 10% have agreed to take over the interest of Canasia and Black Creek, Fall River, Habanero, Micron and Lochfayne have agreed to Blaze and Black Creek taking over Canasia’s interest under the Participation Agreement.

NOW THEREFORE, in consideration of the premises, mutual covenants and agreements contained herein and the Participation Agreement, the Parties agree as follows:

1.

The Participation Agreement is hereby amended by deleting “Canasia Industries Corporation” and replacing it  with “Blaze Holdings Inc. and Black Creek Resources Ltd”:

 

2.

Clause 5 is deleted and is replaced with a revised Clause 5 as set out in Schedule “B” attached hereto:

3.

The Participation Agreement shall remain in full force and effect in all other respects.

 

4.

This Amending Agreement shall be effective as of the 16th day of August, 2005

5.

The Amending Agreement may be executed in as many counterparts as are necessary and all executed counterparts together shall constitute one agreement.

IN WITNESS WHEREOF the Parties hereto have executed this Amending Agreement as of the day and year first above written.

BLACK CREEK RESOURCES LTD.

FALL RIVER RESOURCES LTD.

Per:

/s/ Brian Murray

Per:

/s/ Ian McBain

HABANERO RESOURCES INC.

MICRON ENVIRO SYSTEMS, INC,

Per:

/s/ Jason Gigliotti

Per:

/s/ Negar Towfigh

LOCHFAYNE RESOURCES LTD.

BLAZE HOLDINGS INC.

Per:

/s/ W. G.. B.Murray

Per:

SCHEDULE “A”

The well

Well located in 100/06-12-045-07 W5/02

SCHEDULE “B”

TEST WELL EARNING

Upon Farmee and Participant having re-entered the Test Well and tested and completed, capped or abandoned same and provided Farmee and Participant are not otherwise in default of their obligations under the terms of the Farmout Agreement, Participant shall have earned a 100% working interest before payout, subject to a convertible Overriding Royalty calculated in accordance with Article 5 of the 1997 CAPL Farmout and Royalty Procedure using 1/150 (5% min – 15% max) on oil and 15% on gas, and a 50% working interest after payout in the Farmout Lands to the base of the deepest formation penetrated but no deeper than the base of the Vikiing Formation, subject to the Farmout and Operating Agreements

For clarity purposes the working interest and royalty on the Farmout Lands including the impact of the Operating Agreement is set out below:

Working Interest Before Payout

Working Interest After Payout

Fall River

55%

Fall River

26.1250%

Blaze

10%

Blaze

  4.7500%

Habanero

10%

Habanero

  4.7500%

Micron

  5%

Micron

  2.3750%

Lochfayne

10%

Lochfayne

  4.7500%

Black Creek

10%

Black Creek

  4.7500%

Black Creek

GORR

Black Creek

47.5000%

Transaction

  5.000%EXHIBIT 10.14

 [GRAPHIC OMITED]

                                                            Royal Bank of Canada
                                                    Information Technology - GTA
                                           260 East Beaver Creek Road, Suite 201
                                                  Richmond Hill, Ontario L4B 3M3
                                                     TeL:         (905) 764-4755
                                                      Fax:        (905) 764-4361

January 23, 2006

Private and Confidential

SENTRY TECHNOLOGY CANADA INC.
c/o Sentry Technology Corporation
37 Voyager Court North
Toronto, Ontario
M9W 4Y2

We refer to the agreement dated April 19, 2005 between Sentry Technology Canada
Inc., as the Borrower, and Royal Bank of Canada, as the Bank, (the "Agreement").

All capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Agreement.

The Agreement is amended as follows:
1.     Under the Repayment section, Facility (1) is amended and restated as
follows:

REPAYMENT
---------
Facility (1)
------------
Borrowings under this facility are expected to revolve with operating
requirements.
Borrowings under this facility shall be repayable on April 30, 2006.

2.     Under the Interest Rates and Fees section, Facility (1) is amended and
restated as follows:

INTEREST RATES AND FEES
-----------------------
Facility (1)
------------
RBP Loans:     RBP plus 1.75% per annum.
RBUSBR Loans:        RBUSBR plus 1.75% per annum.
LCs:     fee to be quoted by the Bank at the time of issue of each LC.
LGs:     fee to be quoted by the Bank at the time of issue of each LG, subject
to a minimum fee of $100 in the currency of issue.

<PAGE>
Sentry Technology Canada Inc.     - 2 -     January 23,2006

3.     Under the Security section, paragraph (e) is deleted and replaced with
the following:
(e) Postponement and subordination agreement between the Brascan Technology Fund
("Brascan"), the Bank, the Borrower, Sentry Technology Corporation, Sentry
Technology USA Inc. and Custom Security Industries Inc., whereby the parties
agree, inter alia, that:
(i)     the Brascan Security (as defined therein) shall rank subsequent and be
subordinate to the
Lender Security (as defined therein) held by the Bank, to a maximum of
$5,350,000;
(ii)         with the exception of subparagraph (e)(i) above, the Lender
Security (as defined therein) shall rank subsequent and be subordinate to the
Brascan Security to the extent of the Brascan Indebtedness (as defined therein),
and;
(iii)        upon receipt by Brascan of written notice by the Bank that the Bank
is issuing a demand pursuant to any of the obligations owing by any of the
Borrower, Sentry Technology Corporation, Sentry Technology USA Inc. or Custom
Security Industries Inc. to the Bank, Brascan will cease to receive and will
postpone receipt of all payment of any Brascan Indebtedness for a period of time
provided for therein.

4.     Under the Reporting Covenants section,
(i)   paragraph (b) under the reporting covenants for the Borrower, is amended
and restated as follows:
(b)         monthly company prepared financial statements for the Borrower,
within 30 days of each month end; and
(ii)     paragraph (a) under the reporting covenants for Sentry Technology
Corporation, is
amended and restated as follows:
(a)         monthly company prepared consolidated financial statements for
Sentry Technology Corporation, within 30 days of each month end;

5.     The Financial Covenants section is amended and restated as follows:

FINANCIAL COVENANTS
-------------------
Sentry Technology Corporation covenants and agrees with the Bank, while any
availability exists or any Borrowings remain outstanding under any Credit
Facility, which is a term facility:

a)   maintain on a consolidated basis, to be measured as at the end of each
fiscal quarter: i.     a ratio of Current Assets to Current Liabilities of not
less than 1.5:1;
ii.    a ratio of Funded Debt to EBITDA, calculated on a rolling 4 quarters
basis for the fiscal quarter then ended and the immediately preceding 3 fiscal
quarters, of not greater than 2.5:1;
iii.   a ratio of Total Liabilities to Tangible Net Worth of not greater than
2.5:1;
iv.   EBITDA of at least the amounts listed in the table below for the
corresponding fiscal quarter, commencing with the fiscal quarter ending June 30,
2006:

<PAGE>
Sentry Technology Canada Inc.               -3-               January 23,2006

Fiscal Quarter Ending:     Method of Calculation          US Currency EBITDA
----------------------------------------------------------------------------
June 30,2006                     N/A                             $500
----------------------------------------------------------------------------
September 30, 2006              Year-To-Date                 $1,280,000
----------------------------------------------------------------------------
December 31, 2006          calculated on a rolling           $1,940,000
                           4 quarters basis for
                           the fiscal quarter then
                           ended and the immediately
                           preceding 3 fiscal quarters
----------------------------------------------------------------------------
Each fiscal quarter        calculated on a rolling           $1,940,000
thereafter                 4 quarters basis for the
                           fiscal quarter then ended and
                           the immediately preceding 3
                           fiscal quarters
-----------------------------------------------------------------------------

v.  Tangible Net Worth of at least the amounts listed in the table below for
the corresponding fiscal quarter commencing with fiscal quarter ending March
31, 2006:

Fiscal Quarter Ending:                   US Currency
                                         TNW
-----------------------------------------------------
    March 31,2006                        $2,900,000
-----------------------------------------------------
    June 30,2006                         $3,300,000
-----------------------------------------------------
    September 30,2006                    $4,000,000
-----------------------------------------------------
    December 31,2006                     $4,500,000
-----------------------------------------------------
    Each fiscal
    quarter thereafter                   $4,500,000
-----------------------------------------------------

6.    Schedule "E" is replaced as attached.

CONDITIONS PRECEDENT
--------------------
The effectiveness of this amendment is conditional upon receipt of:

a)     a duly executed copy of this amending agreement; and
b)     such financial and other information or documents relating to the
Borrower or any Guarantor if applicable as the Bank may reasonably require.

AMENDMENT FEE
-------------
A non-refundable amendment fee of $3,000 is payable by the Borrower upon
acceptance of this amending agreement.

COUNTERPART EXECUTION
---------------------
This amending agreement may be executed in any number of counterparts and by
different parties in separate counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together constitute one and
the same instrument.

All other terms and conditions outlined in the Agreement remain unchanged and in
full force and effect.

<PAGE>

Sentry Technology Canada Inc.         - 4 -              January 23,2006

This amending agreement is open for acceptance until February 22, 2006, after
which date it will be null and void, unless extended in writing by the Bank.

ROYAL BANK OF CANADA
Per:  /s/ Marc J. Drouin
Name: Marc J. Drouin
Title: Senior Account Manager

Agreed to and accepted this 2nd day of February, 2006.

SENTRY TECHNOLOGY CANADA INC.
Per:    /s/Peter L. Murcoch
Name:   Peter L. Murdoch
Title:  President

Per:
Name:
Title:

I/We have the authority to bind the Borrower

Agreed to and accepted this 2nd day of February, 2006.

SENTRY TECHNOLOGY CORPORATION
Per:    /s/ Peter L. Murdoch
Name:   Peter L. Murdoch
Title:  President

Per:
Name:
Title:

I/We have the authority to bind the Guarantor

<PAGE>

Sentry Technology Canada Inc.        - 5 -           January 23,2006

We acknowledge and confirm our agreement with the foregoing terms and
conditions, as Guarantor, as of February 2, 2006.

SENTRY TECHNOLOGY USA INC.

Per:    /s/ Peter L. Murdoch
Name:   Peter L. Murdoch
Title:  President

Per:
Name:
Title:

I/We have the authority to bind the Guarantor

We acknowledge and confirm our agreement with the foregoing terms and
conditions, as Guarantor, as of February 2, 2006.

CUSTOM SECURITY INDUSTRIES INC.

Per:     /s/ Morton F. Roseman
Name:    Morton F. Roseman
Title:   President

Per:
Name:
Title:

I/We have the authority to bind the Guarantor

<PAGE>
                                                                   Schedule E

Schedule "E" to the agreement dated April 19, 2005, between Sentry Technology
Canada Inc., as Borrower, and Royal Bank of Canada, as the Bank.

                             Compliance Certificate

I,                , the                   of Sentry Technology Corporation
(the "Guarantor") hereby certify as of fiscal quarter ending __________________:

1.     I am familiar with and have examined the provisions of the letter
agreement (the "Agreement") dated April 19, 2005, and any amendments thereto,
between Sentry Technology Canada Inc., as Borrower, and Royal Bank of Canada
(the "Bank"), as the Bank, and have made reasonable investigations of
corporate records and inquiries of other officers and senior personnel of the
Borrower and Guarantor.  Terms defined in the Agreement have the same meanings
when used in this certificate.

2.     The representations and warranties contained in the Agreement are true
and correct.

3.     No event or circumstance has occurred which constitutes or which, with
the giving of notice, lapse of time, or both, would constitute an Event of
Default under the Agreement and there is no reason to believe that during the
next fiscal quarter of the Guarantor, any such event or circumstance will occur.

4.     The ratio of Current Assets to Current Liabilities is     : 1, being not
less than the minimum required ratio of 1.5:1.

5.     The ratio of Total Liabilities to Tangible Net Worth is     : 1, being
not greater than the maximum ratio of 2.5:1.

6.     The ratio of Net Funded Debt to EBITDA is     : 1, being not greater than
the required maximum ratio of 2.5:1.

7.     EBITDA is US$_____________, being no less than the required US$500 for
the fiscal quarter ending June 30, 2006, improving to US$1,280,000 for fiscal
quarter ending September 30,2006, and US$ 1,940,000 for the fiscal quarter
ending December 31,2006 and for each fiscal quarter thereafter.

8.     Tangible Net Worth is US$___________, being not less the required
US$2,900,000 for the fiscal quarter ending March 31,2006, improving to US
$3,300,000 for the fiscal quarter ending June 30, 2006, US$4,000,000 for the
fiscal quarter ending September 30,2006 and US$4,500,000 for the fiscal quarter
ending December 31,2006 and for each fiscal quarter thereafter.

9.     The detailed calculations of the foregoing ratios and covenants is set
forth in the addendum annexed hereto and are true and correct in all respects.

Dated this     day of     , 20     .
Per:
Name:__________________________________
Title:  ______________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]