THIS AGREEMENT dated as of the 14th day of August, 2001
COYOTE VENTURES CORP., a company
incorporated under the laws of the State of Nevada
(hereinafter called the "Borrower")
OF THE FIRST PART
KORINA HOUGHTON, of 1238 Melville Street, Suite 1205 Vancouver, BC, Canada V6E 4N2
(hereinafter called the "Lender")
OF THE SECOND PART
A. The Borrower has requested that the Lender lend $20,000 to the Borrower;
B. The Lender has agreed to lend such sum to the Borrower subject to the terms and upon the conditions
hereinafter set forth.
NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the sum of $1.00 paid by
each party to the other (the receipt of which is hereby acknowledged) the parties hereto mutually covenant and
agree as follows:
1.1 Definitions. Where used herein or in any amendment hereto each of the following words and phrases shall
have the meanings set forth as follows:
(a) "Agreement" means this Loan Agreement including the Schedules hereto together with any amendments
(b) "Closing Date" means the date of execution of the Agreement;
(c) "Event of Default" means any event set forth in paragraph 6.1;
(d) "Loan" means the loan of $20,000 to be made by the Lender to the Borrower in accordance with this
(e) "Principal Sum" means the sum of $20,000.
1.2 Number and Gender. Wherever the singular or the masculine are used herein the same shall be deemed to
include the plural or the feminine or the body politic or corporate where the context or the parties so require.
1.3 Headings. The headings to the articles, paragraphs, subparagraphs or clauses of this Agreement are inserted
for convenience only and shall not affect the construction hereof.
1.4 References. Unless otherwise stated a reference herein to a numbered or lettered article, paragraph,
subparagraph or clause refers to the article, paragraph, subparagraph or clause bearing that number or letter in