AGREEMENT RE POSTPONEMENT SIGNING SPA AND TRANSFER SHARES KWATROBOX B.V. THIS AGREEMENT is made as of the 29th day of August 2000. BETWEEN: A PECES B.V., a corporation incorporated under the laws of the Netherlands, represented by Paul Stok,...

AGREEMENT RE POSTPONEMENT SIGNING SPA AND TRANSFER SHARES KWATROBOX B.V.



         THIS AGREEMENT is made as of the 29th day of August 2000.

         BETWEEN:

         A        PECES B.V., a corporation  incorporated  under the laws of the
                  Netherlands,  represented by Xxxx Xxxx,  (hereinafter referred
                  to as "Peces")

         B        RENDEX B.V., a corporation  incorporated under the laws of the
                  Netherlands,   represented   by  Xxxx  Xxxxxxx,   (hereinafter
                  referred to as "Rendex")

         C        XXX XXXX BOYS B.V., a corporation  incorporated under the laws
                  of the Netherlands, represented by Xxxx Xxx Xxxx, (hereinafter
                  referred to as "Xxx Xxxx")

         D        WODAN B.V., a corporation  incorporated  under the laws of the
                  Netherlands, represented by Gijs Pol, (hereinafter referred to
                  as "Wodan")


         (Parties "a" through "d"  collectively  hereinafter  referred to as the
         "Vendors")



         E        E-AUCTION  GLOBAL  TRADING  INC., a  corporation  incorporated
                  under the laws of the State of  Nevada,  represented  by Xxxxx
                  W.A. Xxxxxxx, (hereinafter referred to as the "Purchaser")

         Vendors and Purchaser are hereinafter  collectively  referred to as the
         "Parties"


         WHEREAS:

         a.       Vendors and Purchaser  entered into a pledge agreement on June
                  5, 2000 (hereinafter: "the Pledge Agreement").

         b.       In the Pledge  Agreement  Parties  have agreed to enter into a
                  share  purchase  agreement  (hereinafter:  "the Share Purchase
                  Agreement") concerning the sale by Vendors to Purchaser of all
                  of the shares in Kwatrobox  B.V.  (hereinafter:  "the Shares")
                  under the terms and  conditions  as  recorded in a draft Share
                  Purchase  Agreement  a copy of which is attached to the Pledge
                  Agreement.

         c.       Parties   agreed  that  the  signing  of  the  Share  Purchase
                  Agreement was to take place on or before August 31, 2000.  The
                  transfer of the Shares  would  follow the signing of the Share
                  Purchase Agreement shortly.



         d.       Due  to  circumstances  known  to  Parties,  Purchaser  is not
                  capable of entering  into the Share  Purchase  Agreement on or
                  before the agreed date of August 31, 2000.

         e.       Parties  therefore  reached an  understanding  in respect of a
                  postponement  of the signing of the Share  Purchase  Agreement
                  and the following  subsequent transfer of the Shares and on an
                  amendment of article  2.3and article 6.3 of the Share Purchase
                  Agreement,

         PARTIES HEREBY AGREE AS FOLLOWS

         -        The signing of the Share Purchase Agreement by Parties will be
                  postponed and take place on or before  November 30, 2000.  The
                  transfer of the  ownership of the Shares by Vendors shall take
                  place  immediately  after the  signing  of the Share  Purchase
                  Agreement, but not later than November 30, 2000.

         -        As of the signing of this "Agreement re  Postponement  signing
                  SPA and transfer Shares Kwatrobox B.V." ARTICLE 2.3 -as far as
                  still  applicable- of the Share Purchase  Agreement shall read
                  as follows:

                  "2.3 PAYMENT OF PURCHASE  PRICE.  The Purchase  Price shall be
                  paid and satisfied by the Purchaser to the Vendors as follows:


         (a)      The payment  schedule  for the cash  component of the Purchase
                  Price is as follows:

                  1.       -first installment satisfied-;

                  2.       Two   Million   Two   Hundred   and  Fifty   Thousand
                           (2,250,000) Guilders on June 5, 2001; and

                  3.       One Million (1,000,000) Guilders on June 5, 2002.

         (b)      The payment  schedule for the e-Auction Share component of the
                  Purchase Price is as follows:

                  1.       -first installment satisfied-;

                  2.       Four Hundred and Fifty Thousand  (450,000)  e-Auction
                           Shares June 5, 2001;

                  3.       One Hundred and Fifty  Thousand  (150,000)  e-Auction
                           Shares June 5, 2002; and

                  4.       One Million  (1,000,000)  Guilders worth of e-Auction
                           Shares (the "Last Payment") if Kwatrobox B.V. and the
                           Subsidiaries    show   combined    pre-tax   earnings
                           ("Earnings")  of not less than US$1.4 Million for the
                           period  commencing  on June 5, 2000 to and  including



                           June 4, 2003 (the "Three Year Period"). To the extent
                           that the  Earnings  are less than US$1.4  Million for
                           the  Three  Year  Period  but are  greater  than US$1
                           Million,  the  amount  of the Last  Payment  shall be
                           reduced by the deficit  between the  Earnings and US$
                           1.4 Million.  To the extent that the Earnings for the
                           Three  Year  Period are less than US$1  Million,  the
                           Purchaser shall be under no obligation  whatsoever to
                           make any additional  payment to the Vendors  pursuant
                           to this Section 2.3(b)(4). The Vendors shall have the
                           right,  at their own cost and expense,  to review the
                           Purchaser's  calculations  of Earnings  for the Three
                           Year Period at any time during normal  business hours
                           during the period of Thirty  (30) days from and after
                           the date on which the  Purchaser  advises the Vendors
                           of the Earnings  for the Three Year  Period.  For the
                           purposes of this Section  2.3(b)(4) and to the extent
                           that the Vendors  are  entitled to some or all of the
                           Last  Payment,  the Last  Payment  shall be converted
                           into  e-Auction  Shares at a price  equal to Five (5)
                           Guilders    in    Netherlands    funds   per   share.
                           Notwithstanding the foregoing,  in no event, pursuant
                           to the  terms of this  Section  2.3(b)(4),  shall the
                           Purchaser  be  obligated to pay the Vendors an amount
                           in excess of Two Hundred Thousand (200,000) e-Auction
                           Shares."


         -        As of the  undersigning  of this  "Agreement  re  Postponement
                  signing SPA and transfer  Shares  Kwatrobox B.V." the wording:
                  "the  Closing  Date" in ARTICLE  6.3 shall be  replaced  with:
                  "June 5, 2000".

         -        This   Agreement   shall  be  governed  by  and  construed  in
                  accordance with the laws of The Netherlands.

         IN WITNESS  WHEREOF  this  Agreement  has been  executed by the Parties
hereto.

                                  A. PECES B.V.

                                  Per:
                                      --------------------------
                                      Authorized Signing Officer


                                  B. RENDEX B.V.

                                  Per:
                                      --------------------------
                                      Authorized Signing Officer

                                  X. XXX XXXX BOYS B.V.

                                  Per:
                                      --------------------------
                                      Authorized Signing Officer


                                  D. WODAN B.V.

                                  Per:
                                      --------------------------
                                      Authorized Signing Officer

                                  E. E-AUCTION GLOBAL TRADING INC.

                                  Per:
                                      --------------------------
                                      Authorized Signing Officer