ADDENDUM TO AGREEMENT AND GENERAL MUTUAL RELEASE
AND ESCROW AGREEMENT
This Addendum to Agreement and General Mutual Release and Escrow Agreement
("Addendum") is executed effective January 20, 2000 by and between XXXXXX X.
XXXXXX, an individual (hereinafter referred to as "Xxxxxx"), on one hand, and
LAKOTA TECHNOLOGIES, INC., a Colorado corporation (hereinafter referred to,
along with its subsidiaries Lakota Oil and Gas, Inc., a Texas corporation,
0-Xxxxxxxx.xxx, Inc., a Texas corporation, and AirNexus, Inc., a Texas
corporation, as "Lakota"), XXXXXX XXXX XXXXXXXX, an individual (hereinafter
referred to as "Xxxxxxxx"), XXXXX XXXXXX, an individual (hereinafter referred to
as "Xxxxxx"), XXXXXXX "XXXX" XXXXXX, an individual (hereinafter referred to as
"Xxxxxx"), XXXX X. XXXXX, an individual (hereinafter referred to as "Xxxxx"),
and XXXXXXXX X. ATHENS, an individual (hereinafter referred to as "Athens"), on
the other hand (each of Wilson, Lakota, Honeyman, Jalali, Morgan, Hayes, and
Athens shall be referred to as a "Party" and collectively as the "Parties").
RECITALS
WHEREAS, the Parties have entered into that certain Agreement and General
Mutual Release dated January 6, 2000 ("Agreement"), as well as that certain
Escrow Agreement dated January 6 , 2000 ("Escrow Agreement"), and desire to
modify the terms of thereof as set forth herein. Defined terms therein shall
have the same meaning herein.
NOW, THEREFORE, for good and adequate consideration, the receipt of which
is hereby acknowledged, the parties covenant, promise, and agree as follows:
1. The resignations of Xxxxxx as set forth in section 1(A) of the Agreement
shall be effective as of January 20, 2000.
2. Lakota shall deliver the $25,000 as set forth in section 2(A)(i) of the
Agreement directly to Xxxxxx no later than Monday, January 24, 2000.
3. Within five (5) business days of the date hereof, Lakota shall cause to
be issued, in the name of Xxxxxx, and delivered to the Escrow Agent, an
aggregate of 1,000,000 shares of "restricted" common stock, to be held and
distributed by the Escrow Agent in lieu of the 1,000,000 shares previously to be
pledged by Xxxxxx in accordance with section 2(B) of the Agreement.
4. Lakota hereby agrees that 1,000,000 of the shares to be delivered to
Xxxxxx in accordance with section 2(A)(iv) of the Agreement shall be registered
on Form S-8 and delivered, free of any restrictive legend, to Xxxxxx no later
than twenty (20) days following the date of this Addendum. The other 1,000,000
shares to be delivered in accordance with section 2(A)(iv) of the Agreement
shall be "restricted" securities, and shall be delivered no later than five (5)
days following the date hereof.
5. All other terms and conditions of the Agreement and the Escrow Agreement
shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties hereto, agreeing to be bound hereby,
execute this Agreement upon the date first set forth above.
Dated: XXXXXX X. XXXXXX, an individual
/s/ Xxxxxx X. Xxxxxx
______________________________________
Dated: LAKOTA TECHNOLOGIES, INC.
/s/ Xxxxx Xxxxxx
______________________________________
By: Xxxxx Xxxxxx, on behalf of the
Board of Directors
Dated: XXXXXX XXXX XXXXXXXX, an individual and as a
Director of Lakota Technologies, Inc.
/s/ Xxxxxx Xxxx Xxxxxxxx
______________________________________
Dated: XXXXX XXXXXX, an individual and as a
Director of Lakota Technologies, Inc.
/s/ Xxxxx Xxxxxx
______________________________________
Dated: XXXXXXX "CODY" XXXXXX, an individual and as
a Director of Lakota Technologies, Inc.
/s/ Xxxxxxx "Cody" Xxxxxx
______________________________________
Dated: XXXX X. XXXXX, an individual and as a
Director of Lakota Technologies, Inc.
/s/ Xxxx X. Xxxxx
______________________________________
Dated: XXXXXXXX X. ATHENS, an individual and as a
Director of Lakota Technologies, Inc.
/s/ Xxxxxxxx X. Athens
______________________________________
