EXHIBIT 10.5.5
PURCHASE AGREEMENT ADDENDUM
THIS PURCHASE AGREEMENT ADDENDUM (the "Addendum") is entered into effective
as of the 12th day of April 2004, by and between XRG, Inc. ("XRG") and X. XXXXXX
COMPANIES, INCORPORATED ("JBC").
RECITALS:
WHEREAS, XRG and JBC are parties to a Purchase Agreement dated May 2003
(the "Purchase Agreement"); and
WHEREAS, the parties now desire to amend the Purchase Agreement to reflect
the parties' agreement to modify the purchase consideration as set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt of which
is hereby acknowledged, the parties agree as follows:
1. Section 2(b) Purchase Consideration. The following language
will be deleted. The XRG Common Stock will be registered
within (60) days of the Closing Date. The number of XRG Shares
is subject to adjustment six and twelve months (an "Adjustment
Date") after the acquisition date based on the future market
price of the XRG Shares.
2. 800,000 shares of XRG Common Stock ("XRGC Shares") will be
issued to the shareholders of X. Xxxxxx Companies,
Incorporated in proportion to their holdings in the company.
3. Except as modified hereby, the Purchase Agreement remains in
full force and effect.
XRG, INC. JBC SHAREHOLDER:
By:
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President
X. XXXXXX COMPANIES, INCORPORATED
By:
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President