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ADDENDUM
TO
eVENTURES GROUP, INC. REGISTRATION RIGHTS AGREEMENT
DATED SEPTEMBER 22, 1999
This Addendum (the "Addendum") is made effective as of the 19th day of
October, 1999, by and among each of the persons listed on Schedule 1 hereto
(each, a "New Shareholder"), eVentures Group, Inc., a Delaware corporation (the
"Company"), and other shareholders (the "Shareholders") of the Company that are
parties to that certain Registration Rights Agreement dated as of September 22,
1999 (as amended, modified, supplemented or restated, the "Agreement"), between
the Company and its shareholders.
R E C I T A L S:
A. The Company and the Shareholders entered into the Agreement to
impose certain restrictions and obligations upon themselves and the shares of
stock (the "Stock") of the Company.
B. Each New Shareholder is desirous of becoming a Shareholder of the
Company.
C. Holders of a majority of the Registrable Shares have consented to
including each New Shareholder as a "Stockholder" under the Agreement, and each
New Shareholder desires to enter into an Addendum to extend to each New
Shareholder the benefits of and obligations under the Agreement to the same
extent as if they were original parties thereto.
NOW THEREFORE, in consideration of the mutual promises of the parties,
the parties agree as follows:
1. Each New Shareholder acknowledges that he or she has read the
Agreement, which is attached hereto as Exhibit A and incorporated herein for all
purposes, and knows and understands its content.
2. Each New Shareholder shall be bound by, and shall have the benefit
of, all the terms and conditions set out in the Agreement to the same extent as
if the New Shareholder were an original party thereto, but only effective as of
the date of this Addendum Agreement.
3. This Addendum shall be attached to, be incorporated into and become
part of the Agreement.
4. Except to the extent defined in this Addendum, all defined terms
shall have the meaning set forth in the Agreement.
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IN WITNESS WHEREOF, the undersigned parties have executed this Addendum
as of the date first written above.
NEW SHAREHOLDER
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Name:
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AGREED TO AND ACCEPTED
On behalf of the shareholders and the Company
COMPANY:
eVentures Group, Inc.
By: /s/ XXXXXX XXXXXXXXX
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Name: Xxxxxx Xxxxxxxxx
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Title: Vice President
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