Amendment to option agreement dated June 1, 2010 with Paul Zyla
EX-10.36 6 exhibit10-36.htm EXHIBIT 10.36 Xtra-Gold Resources Corp.: Exhibit 10.36 - Filed by newsfilecorp.com
Exhibit 10.36
TO: | PAUL N. ZYLA (Zyla) |
FROM: | XTRA-GOLD RESOURCES CORP. (Xtra-Gold) |
RE: | STOCK OPTION AGREEMENT DATED JANUARY 25, 2010 |
(the Option Agreement) |
AMENDMENT TO OPTION AGREEMENT
WHEREAS in accordance with section 8 of the Option Agreement, 3,000 stock options (the Options) are to vest on a monthly basis commencing from February 1, 2010 to and including January 1, 2013;
AND WHEREAS on May 31, 2010, the board of directors of Xtra-Gold approved an amendment to the Option Agreement whereby the number of Options to vest on a monthly basis shall be increased to 4,500 effective June 1, 2010 until fully vested (the Amendment);
UPON EXECUTION OF THIS AGREEMENT, the Amendment shall be accepted by the Parties hereto and be in full force and effect;
THE PARTIES HERETO FURTHER AGREE as follows:
1. | All other terms and conditions of the Option Agreement will remain in full force and effect. | |
2. | This Agreement, together with the Option Agreement, shall constitute the entire agreement between Zyla and Xtra-Gold and there shall be no further amendments other than as may be made pursuant to a written agreement executed by the Parties. | |
DATED this 1st day of June, 2010. |
SIGNED, SEALED AND DELIVERED | ) | XTRA-GOLD RESOURCES CORP. |
) | ||
in the presence of | ) | |
) | ||
) | Per: /s/ Peter Minuk | |
/s/ Kevin Coombes | ) | Peter Minuk Secretary |
) | ||
Signature of Witness | ) | |
) | ||
Kevin Coombes | ) | /s/ Paul N. Zyla |
Print Name of Witness | ) | PAUL N. ZYLA |