EX-10.4
AMENDMENT TO PURCHASE AGREEMENT
AGREEMENT made this 12th day of November, 1996 by and among the Bark Water Co.
Ltd., a corporation existing under the laws of the State of New York,
maintaining offices at 00 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxx Xxxx, (hereinafter
referred to as "Bark Water" and/or "Seller"), and Xxxxxxx Xxxxxx, residing at
00-00 000xx Xxxxxx, Xxxxxx Xxxxx, Xxx Xxxx 00000, (hereinafter referred to as
("Xxxxxx"), and Puro Water Group, Inc., formerly known as Puro Corporation of
America, a Delaware Corporation, maintaining offices at 00-00 00xx Xxxxxx,
Xxxxxxx, Xxx Xxxx (referred to as "Puro" and/or "Purchaser").
WITNESSETH
WHEREAS, the parties have executed that certain Purchase Agreement ("the
"Agreement") dated January 30, 1995;
WHEREAS, the parties wish to amend a provision of the Agreement
NOW THEREFORE, for Ten Dollars ($10.00) and other good and valuable
consideration, the parties hereto do hereby agree as follows:
1) Paragraph 2(d) is hereby amended and restated as follows:
If Puro shall be in the process of preparing a Public Stock Offering,
the Sellers and the Sellers only shall have the option to convert the
balance of the principal due and owing on the notes contained in
subdivisions (b) and (c) above for the purchase from the company of
common stock at a purchase price equal to the offering price less any
underwriters' commissions. The right of conversion shall belong only
to the Sellers herein and may not be transferred, assigned or given to
any other person or entity. If the initial public offering occurs
before December 31, 1995, the adjustment up or down mentioned in
paragraph "c" above will be determined by year to date change prorated
to the twelve-month period.
2) All other terms and provisions of the Agreement shall remain unchanged
and in full force and effect.
Bark Water Co. Ltd.
by /s/ Xxxxxxx Xxxxxx, Pres.
/s/ Xxxxxxx Xxxxxx
--------------------------------
Xxxxxxx Xxxxxx
Puro Corporation of America
by /s/ Xxxxx Xxxx, Pres.
