EX-10 3 exh10-2_agmt.txt EXH 10-2 AGREEMENT EXHIBIT 10.2 EXTENSION AGREEMENT DATED MARCH 14, 2006 BUD ENTERPRISES 1180 BERRY POINT ROAD GABRIOLA ISLAND, BC V0R 1X1 March 14, 2006 Brinx Resources Ltd 820 Piedra Vista Road NE Albuquerque, NM 87123 RE: Assignment Agreement dated February 28, 2006 Dear Mr. Halterman, Please accept this as confirmation that, pursuant to Paragraph 2 of that certain Assignment Agreement by and between Bud Enterprises, a corporation incorporated in the Province of British Columbia ("Bud Enterprises") and Brinx Resources Ltd., a Nevada corporation ("Brinx"), dated February 28, 2006, (the "Assignment Agreement"), Bud Enterprises hereby agrees to extend the date of payment of US$350,000 from 14 days following the execution of the Assignment Agreement to 30 days following the execution of the Assignment Agreement. Please sign below to indicate acceptance. BUD ENTERPRISES: BRINX RESOURCES LTD.: Per: /s/ MIKE JENKS Per: /s/ LEROY HALTERMAN ----------------------------------- ------------------------------ Authorized Signatory Authorized Signatory Name: MIKE JENKS Name: LEROY HALTERMAN ---------------------------------- ----------------------------- Title: PRESIDENT Title: PRESIDENT --------------------------------- ----------------------------