Cadre Capital Incorporated
910-475 Howe Street
Vancouver, British Columbia
Canada. V6C B3
email: bushwork@telus.net
Telephone: (604) 671-2245
Fax: (604) 871-0231
To: Enwin Resources Inc.
From: Cadre Capital Inc.
Date: August 1, 2005
| RE: | Clarification of Exhibit 99.3 "Waiver of Cadre Capital" and |
Exhibit "Option Agreement Amendment"
Cadre Capital Inc, hereby acknowledges per Waiver agreement dated July 21, 2003 (Exhibit 99.3 of SB2 filings) that of the $25,000 required to be spent on or before December 31, 2002 for exploration and development on the property, only $11,943 was actually spent, being less than required. It was further agreed that the balance ($13,057) of the expenditures was to occur no later than October 15, 2003.
However, due to a further amendment dated March 11, 2004 (Exhibit 10.2 of SB2 filings), it was assumed by Cadre Capital Inc. and Enwin Resources Inc. that the balance of $13,057, was no longer required, even though it was not disclosed in the amendment dated March 11, 2004.
It is therefore agreed to by Cadre Capital Inc. that the balance of $13,057 is not required to be carried forward or applied in anyway.
Sincerely,
Andrew W. Molnar
Cadre Capital Limited.
