FIRST AMENDMENT TO CONSULTING AGREEMENT
THIS FIRST AMENDMENT TO CONSULTING AGREEMENT (the "Amendment") is entered
into on the 15th day of June, 2000 and is made effective as of the 9th day of
July, 1999 by and between THE ACCENT GROUP, INC., a Georgia corporation ("AGI"),
ACCENT HOLDINGS, INC., a Georgia corporation ("AHI"), LAHAINA ACQUISTIONS, INC.,
a Colorado corporation ("Lahaina"), XXXX ASSOCIATES, LTD., an Anguilla
international business corporation ("Xxxx"), and ACCENT ASSOCIATES, LLC, a
Georgia limited liability company ("Accent") (AGI and AHI being sometimes
referred to collectively as the "Companies" and Xxxx and Accent being sometimes
referred to collectively as "Consultants").
W I T N E S S E T H :
WHEREAS, AGI, AHI, Lahaina, Xxxx and Accent entered into a Consulting
Agreement dated July 9, 1999 (the "Consulting Agreement");
WHEREAS, since Section 3 of the Consulting Agreement contained an error,
the parties desire to amend the Consulting Agreement in order to correct such
error.
NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Purchaser and Sellers hereby agree as follows:
1. Consulting Fees. Section 3 of the Consulting Agreement entitled,
"Consulting Fees," shall be deleted in its entirety and replaced with the
following:
"In return for its services provided hereunder and for past services of a
similar nature, Xxxx was granted the right to purchase and did purchase 31,800
shares of AHI's common stock (now converted into 318,000 shares of Lahaina's
common stock) for nominal consideration and Accent was granted the right to
purchase and did purchase 140,000 shares of AGI's common stock (now converted
into 1,400,000 shares of Lahaina's common stock) for nominal consideration (the
Lahaina shares issued to Xxxx and Accent are herein referred to collectively as
the "Shares")."
2. No Further Modifications. Except as modified herein, all of the terms
and conditions of the Consulting Agreement remain unchanged and in full force
and effect.
3. Miscellaneous. This Amendment is an integral part of the Consulting
Agreement. Unless otherwise defined herein, any capitalized term used in this
Amendment shall have the meaning given to such term in the Consulting Agreement.
This Amendment may be executed in any number of counterparts, each of which
shall be deemed an original, but all of which together shall be deemed to one
and the same instrument.
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IN WITNESS WHEREOF, the undersigned have executed this First Amendment to
Consulting Agreement effective the day and year first above written.
THE ACCENT GROUP, INC.
By: /S/
Xxxxx X. Xxxxxxxx
Executive V.P. and Secretary
ACCENT HOLDINGS, INC.
By: /S/
Xxxxxx Xxxxxxxxxx
President
LAHAINA ACQUISTIONS, INC.
By: /S/
L. Xxxxx Xxxxxxx
President
XXXX ASSOCIATES, LTD.
By: /S/
Philrose Xxxxx
Director
ACCENT ASSOCIATES, LLC
By: /S/
Xxxxxxx X. Xxxxxxx
President
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