AMENDMENT TO NON-REVOLVING CREDIT LINE LOAN AGREEMENT
BY THIS AMENDMENT, entered into on the 19th day of October 2002, to the AGREEMENT made and
entered into as of the 19th day of October, 2001, AZCO MINING INC., a Delaware corporation, whose address is
7239 North El Mirage Road, Glendale, Arizona (hereinafter called "Borrower"), and Luis Barrenchea, Trustee under
Declaration of Trust dated July 6, 1987, whose address is 10121 Sunkist circle, villa Park, California (hereinafter
called "Lender"), for and in consideration of the recitals and mutual promises contained herein, confirm and agree as
SECTION 1. GENERAL TERMS
Lender agrees to extend the term of the October 19, 2001, $1 00,000 loan an additional year,
whereby the principal amount payable will be due October 3, 2003.
This amendment shall be evidenced by a Non-Revolving Credit Line Note in the form attached
hereto as Exhibit A (the "Note") of Borrower, executed and delivered simultaneously with the execution of this
Amendment, in the face amount of $100,000, payable to Lender upon the terms and conditions contained therein.
The Note replaces the note executed in conjunction with the October 19, 2001 non-revolving credit
In consideration of the extension of the October 19, 2001 loan an additional year, Borrower shall
extend the term of the warrant, issued in conjunction with the October 19, 2001 loan an additional year through
October 19, 2003. This amended warrant for the purchase of 125,000 shares of Borrower's common stock is
attached hereto as Exhibit B (the "Warrant"), and Borrower and Lender shall enter into a Registration Rights
Agreement in substantially the form attached hereto as Exhibit C.
IN WITNESS WHEREOF, these presents are executed as of the date indicated above.
AZCO MINING INC., a Delaware corporation
By: /s/ Ryan Modesto ________________________
Its: Vice President - Finance