ADDENDUM TO STOCK EXCHANGE AGREEMENT
Exhibit
10.1
ADDENDUM
TO STOCK EXCHANGE AGREEMENT
Now comes Nexia Holdings, Inc., a
Nevada corporation (“NEXA”), with principal office located at 59 West 000 Xxxxx,
Xxxxxx Xxxxx, Xxxx Xxxx Xxxx, Xxxx, 00000, and AmeriResource Technologies, Inc.,
a Delaware corporation (“ARRT” formerly “AMRE”), and other shareholders of Green
Endeavors LTD., formerly Net2Auction, Inc. (GRNE-formerly NAUC”) , both with
principle offices located at 0000 X. Xxxxxxx Xxxx, Xxxxx 000, Xxx Xxxxx, Xxxxxx
00000, the parties to a Stock Exchange Agreement dated in June of 2007, and
hereby make the following changes, amendments and addendum to the said
agreement:
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1.
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The
parties hereby consent to $171,000 in an obligation represented by a
convertible note shall remain the obligation of NAUC following the
conclusion of the exchange.
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2.
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NAUC
shall retain not less than 13,060,791 shares of the common stock of
BizAuctions, Inc. following the conclusion of the
exchange.
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3.
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NEXA
shall deliver a total of 150,000 shares of its Series C Preferred Stock to
AMRE in exchange for the delivery of the NAUC shares set forth in the
original Stock Exchange Agreement and for the items as set forth
above.
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4.
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Xx.
Xxxxxxx shall resign as an officer and director of NAUC immediately
following his appointment of Xx. Xxxxxx to those
offices.
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5.
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The
parties shall consider the exchanged to be closed and effective as not
later than October 19, 2007, the day following the execution of this
addendum.
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Agreed
and entered into this 18th
day of October, 2007
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| AmeriResource Technologies, Inc. | Nexia Holdings, Inc. |
| (A Delaware corporation) | (A Nevada corporation) |
| By: /s/ Xxxxxx Xxxxxxx | By: /s/ Xxxxxxx Xxxxxx |
| Name: Xxxxxx Xxxxxxx | Name: Xxxxxxx Xxxxxx |
| Its: President | Its: President |
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Xxxxxx
Xxxxxxx, President & Shareholder
of
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Net2Auction,
Inc. (NAUC) now known as
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Green
Endeavors, LTD.
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/s/
Xxxxxx Xxxxxxx
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