EXHIBIT 4.12
AMENDMENT NO. 2
TO
CONSULTING SERVICES AGREEMENT
THIS SECOND AMENDMENT TO CONSULTING SERVICES AGREEMENT, dated February 18,
2004 (the "Second Amendment"), is by and between Xxxxxxxxxxx International
Investments Limited, Inc. (the "Consultant"), and NANNACO, Inc., a Texas
corporation (the "Client").
RECITALS
A. The Consultant and the Client entered into a Consulting Services
Agreement dated November 17, 2003, a copy of which is attached hereto as Exhibit
A (the "Agreement"), pursuant to which the Consultant agreed to provide certain
consulting services to the Client.
B. The Consultant and the Client entered into an Amendment No. 1 to
Consulting Services Agreement dated January 12, 2004, a copy of which is
attached hereto as Exhibit B (the "First Amendment"), pursuant to which the
Consultant agreed to provide certain consulting services to the Client.
C. Client and Consultant wish to amend Section 2 of the Agreement to
provide for additional consideration in exchange for additional consulting
services.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing, and the mutual
agreements, representations, warranties and covenants contained herein, and for
other good and valuable consideration the receipt of which is hereby
acknowledged, the parties hereto agree as follows:
A. Section 2 of the Agreement shall be deleted in its entirety and is hereby
amended to read as follows:
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"2. Consideration.
Client agrees to pay Consultant, as his fee and as consideration for
services provided, 12,500,000 shares of common stock of the Client. By amendment
dated January 12, 2004 Client agrees to pay Consultant an additional 15,000,000
shares of common stock of the Client, which shares shall be registered on Form
S-8. By amendment dated February 18, 2004 Client agrees to pay Consultant an
additional 10,000,000 shares of common stock of the Client, which shares shall
be registered on Form S-8. Shares issued pursuant to this Second Amendment shall
be issued to Xxxxx Xxxxxx, the natural person performing the consulting services
for Client through Consultant.
(a) Transfer Restrictions.
All certificates representing such shares shall be subject to such stock
transfer orders, legends and other restrictions as Client may deem necessary or
advisable."
EXECUTED on the date first set forth above.
CLIENT:
NANNACO, INC.
By:_____________________________________
Xxxxxx XxXxxxx, III - CEO
CONSULTANT:
Xxxxxxxxxxx International Investments
Limited, Inc.
By:_____________________________________
Name: Xxxxx Xxxxxx
Its:
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