ADDENDUM TO
REORGANIZATION AND STOCK PURCHASE AGREEMENT
This Addendum ("Addendum") to that certain Reorganization and
Stock Purchase Agreement by and between Xxxxx Xxxxxxxx
Entertainment, Inc. and Auctionomics, Inc. and its shareholders
("Agreement") dated June 10, 1999 is executed effective this 25th
day of June, 1999.
Capitalized terms used herein shall have the same meaning as in
the Agreement.
1. As an additional term of the Agreement, the Parties hereby
agree as follows:
JNNE and the Shareholders each agree that, in the event
additional shares of Auction are issued to the
Shareholders, JNNE or any entity controlled by JNNE, then
both JNNE and the Shareholders, or either of them, as the
case may be, will be issued that number of shares, without
consideration, so that the number of shares that each owns
relative to the other shall remain constant on a pari
passu basis. This anti-dilution provision shall not apply
in the event that shares of Auction are issued to any
party other than the Shareholders, JNNE or any entity
controlled by JNNE, in which event both JNNE and the
Shareholders will experience equal dilution relative to
their respective shareholdings at the time of the
transaction.
The balance of the terms of the Agreement are hereby
acknowledged and agreed to and shall remain in full force and effect.
XXXXX XXXXXXXX ENTERTAINMENT, INC. AUCTIONOMICS, INC.
a Colorado corporation ("JNNE") a Nevada corporation ("AUCTION")
/s/ Xxx Xxxxxxxx
By: Xxx Xxxxxxxx By: /s/Xxxxxx X. Xxxxxx
Its: President and CEO Its:
/s/ Xxxxxx X. Xxxxxx /s/ Xxxxxx Xxxxxxxxx
Xxxxxx X. Xxxxxx, an individual Xxxxxx Xxxxxxxxx, an individual
