1
XXXXX INTERNATIONAL CORP.
c/o Suite 0000, 000 Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxx Xxxxxxxx
X0X 0X0
March 31, 1999
The Shareholders of Nazca Holdings Ltd.
c/o Xxxxxxx Xxxxxx
Dresden Papier AG
Xxxxxxx Xxxxxxx 00-00
Xxxxxxxx X-00000
Xxxxxxx
Dear Sirs:
Xxxxx International Corp. ("Xxxxx"), Xxxxxxxx Financial Corporation
("Xxxxxxxx") and the shareholders listed in Schedule A hereto (the "Vendors")
entered into an agreement in connection with the purchase by Ichor Corporation
(the "Purchaser") of all of the issued and outstanding shares of common stock
in the capital of Nazca Holdings Ltd. (the "Corporation") dated October 17,
1998 (the "Agreement").
Pursuant to the Agreement, Xxxxx and Xxxxxxxx agreed to transfer 1,400,435 and
599,565 common shares of the Purchaser (the "Ichor Shares"), respectively, to
the Vendors on March 31, 1999, subject to the fulfillment of a certain
condition on or before such date, as set out in Section 5.2 of the Agreement
(the "Condition").
The Agreement was entered into collateral to an agreement between the
Purchaser and the Vendors also dated October 17, 1998 (the "Purchase
Agreement").
Xxxxx, Xxxxxxxx and the Vendors wish to amend the terms of the Agreement to
extend the time for the satisfaction of the Condition and the delivery of the
Ichor Shares to May 31, 1999.
The Purchaser and the Vendors wish to consent to the amendment of the
Agreement and confirm the Purchase Agreement.
1. AMENDMENT TO THE AGREEMENT
1.1. In consideration of the premises set out herein, and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Xxxxx, Xxxxxxxx and the Vendors hereby covenant and agree as
follows:
(a) Section 1.1 of the Agreement be amended to delete reference to
March 31, 1999 therein and to replace same with May 31, 1999; and
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(b) Section 5.2 of the Agreement be amended to delete the references
to March 31, 1999 therein and to replace same with May 31, 1999.
1.2 In all other respects the Agreement be and is hereby ratified and
confirmed.
2. CONFIRMATION OF THE PURCHASE AGREEMENT
2.1 In consideration of the premises set out herein, and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Purchaser and the Vendors ratify and confirm the Purchase
Agreement and consent to the amendment of the Agreement as set out herein.
3. COUNTERPARTS
3.1 This agreement may be executed in two or more counterparts, and by
facsimile, each of which shall be deemed an original and which shall together
constitute one and the same instrument.
In witness whereof, the parties hereto have executed or caused this agreement
to be executed by their duly authorized officers effective March 31, 1999.
XXXXX INTERNATIONAL CORP.
By: /s/ Xxxxxxx X. Xxxxx
--------------------------
Name: Xxxxxxx X. Xxxxx
--------------------------
Title: President
--------------------------
XXXXXXXX FINANCIAL CORPORATION
By: /s/ Xxxxxxx X. Xxxxx
--------------------------
Name: Xxxxxxx X. Xxxxx
--------------------------
Title: President
--------------------------
ICHOR CORPORATION
By: /s/ Xxxxxxx X. Xxxxx
--------------------------
Name: Xxxxxxx X. Xxxxx
--------------------------
Title: President
--------------------------
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SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxx Xxxxxxx
Signature ) -------------------------
) Xxxx Xxxxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxxx Xxxxxx
Signature ) -------------------------
) Xxxxx Xxxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxx Xxxxxxxx
Signature ) -------------------------
) Xxxx Xxxxxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
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SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxx Xxxxxxx
Signature ) -------------------------
) Xxx Xxxxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxxxxx Xxxxxx
Signature ) -------------------------
) Xxxxxxx Xxxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxxx Xxxxx
Signature ) -------------------------
) Xxxxx Xxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
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SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxxxxxx Xxxxx
Signature ) -------------------------
) Xxxxxxxx Xxxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
SIGNED, SEALED & DELIVERED )
In the presence of: )
)
---------------------------- ) /s/ Xxxxx Xxxx
Signature ) -------------------------
) Xxxxx Xxxx
---------------------------- )
Address )
)
---------------------------- )
Occupation )
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SCHEDULE "A"
Shareholders
1. Xxxx Xxxxxxx
4 Xxxxxx Court Londgden Coleham
Shrewsbury, Shropshire, England
2. Maarten Reidel
Xxxxxxx Xxxxxxx 00-00
Xxxxxxxx, Xxxxxxx
3. Xxxxx Xxxxxx
El Xxxxxxx 00000, Xxxxxxx 00
Xxxxxxxx, Xxxxx
4. Xxxxx Xxxxx
00 Xxxxxxx Xxxxxxx
Xxxxxxxxxx, Xxxxxxxxxx, Xxxxxxx
5. Xxxx Xxxxxxxx
0 Xxxxxx Xxxx
Xxxxxxxxxx, Xxxxxxxxxx, Xxxxxxx
6. Xxx Xxxxxxx
The Xxxxxx, Xxxxxx Street
New Lenham, Kent, England
7. Xxxxxxxx Xxxxx
Xxxx Xxxxx Broughhall
Whitechurch, Shropshire, England
8. Xxxxx Xxxx
0000 Xxxxxxx Xxxxx
Xxxxxxxx, Xxxxxxxx, X.X.X.
