ADDENDUM TO ADVISORY BOARD ENGAGEMENT AGREEMENT
EXHIBIT
10.1
ADDENDUM
TO ADVISORY BOARD ENGAGEMENT AGREEMENT
DATED
JULY 6, 2009 (THE “ADVISORY AGREEMENT”)
BETWEEN
VIPER RESOURCES, INC. (FORMERLY KNOWN AS
COBRA
OIL & GAS COMPANY) AND XXXXXX XXXXXXX
This
Addendum is made and entered into as of the 15th day of
December 2009. Unless otherwise defined herein, capitalized terms
used in this Addendum shall have the meaning given to them in the Advisory
Agreement.
NOW,
THEREFORE, in consideration of the respective covenants contained herein and
intending to be legally bound hereby, the Parties hereto agree as
follows:
1. The
25,000 shares of Viper Resources, Inc. (the “Company”) issuable to Xxxxxx
Xxxxxxx on January 6, 2010 in consideration of his serving on the Board of
Advisors of the Company shall be registered pursuant to a Registration Statement
on Form S-8.
2. Xxxxxx
Xxxxxxx shall continue to serve as a member of the Advisory Board until at least
July 5, 2010 during which time he may not terminate his engagement as a member
of the Company’s Advisory Board other than for cause.
3. The
services provided by Xxxxxx Xxxxxxx under the Advisory Agreement are not in
connection with the offer or sale of securities of the Company in a capital
raising transaction, and do not directly or indirectly involve the maintenance
of a market for the Company’s securities.
4. All
of the other terms of the Advisory Agreement continue with full force and
effect.
5. This
Addendum may be executed by facsimile in any number of counterparts, each of
which shall be deemed to be an original, but all of which taken together shall
constitute one and the same agreement.
IN
WITNESS WHEREOF, this Addendum has been executed by the Parties as of the date
first above written:
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VIPER
RESOURCES, INC.
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By:
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/s/ Massimiliano
Pozzoni
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Name:
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Massimiliano
Pozzoni
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Title:
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President
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/s/ Xxxxxx
Xxxxxxx
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XXXXXX
XXXXXXX
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