EXHIBIT 10.04
AMENDMENT NO. 3 TO STOCK PURCHASE AGREEMENT
This Amendment No. 3 ("Amendment") to Stock Purchase Agreement is dated as
of March __, 1999 and is entered into by and between Palisades Capital Inc. a
California corporation ("Buyer"), Xxxxxxx Xxxxxxx, an individual ("Seller") and
the Entertainment Universe, Inc. a California corporation ("Entertainment
Universe"). This Amendment to Stock Purchase Agreement ("Agreement") amends the
original Stock Purchase Agreement between the parties dated October 1, 1998, as
amended by Amendment to Stock Purchase Agreement dated as of December, 1998 and
Amendment No. 2 to Stock Purchase Agreement dated as of February 11, 1999.
The Agreement is hereby amended as follows:
1. Section 1.02(a) of the Agreement, as presently existing, is hereby
deleted and the following substituted therefor:
"Buyer shall pay to Seller the sum of $2,000,000 as follows:
(i) $255,000, receipt of which is hereby acknowledged by Seller; and
either (ii) or (iii) below at the discretion of Buyer;
(ii) $250,000 on or before March 5, 1999, and the balance of
$1,495,000 on or before May 5, 1999; or
(iii) $1,745,000 on or before March 5, 1999.
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2. In all other respects the Agreement remains unchanged and in full force
and effect as of the date hereof.
IN WITNESS WHEREOF, this Amendment has been duly executed by the parties
hereby on the date first written above.
PALISADES CAPITAL INC.
By: /s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx, President
CD UNIVERSE, INC.
By: /s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx, President and
Xxxxxxx Xxxxxxx an individual
THE ENTERTAINMENT UNIVERSE, INC.
By: /s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx, Chairman
