WAIVER OF SHARE EXCHANGE AGREEMENT CONDITION
Exhibit 10.2
WAIVER OF
SHARE EXCHANGE AGREEMENT
CONDITION
The Undersigned, being parties to that certain Share Exchange Agreement (the “Agreement”), dated June 7, 2006, by and among PUKKA USA, INC. (“Pukka”), SUNRISE U.S.A. INCORPORATED (“Sunrise”), XXXX XXXXXXX and XXXXXXX XXXXXXXX, the principal shareholders of Pukka (collectively, the “Principal Shareholders”), and the other individual shareholders of Pukka (each a “Shareholder” and together with the Principal Shareholders, the “Shareholders”), hereby agree to waive and extend the Outside Date for Closing of the Agreement, described in Section 2.1 of the Agreement.
WHEREAS, the parties acknowledge and agree that substantially all conditions required for the Closing have been satisfactorily complied with but that additional time beyond that permitted by the Agreement is required to complete certain ministerial tasks before the transactions contemplated therein can be consummated.
NOW, THEREFORE, WITNESSETH that in consideration of good and valuable consideration, the receipt and sufficiency of which is acknowledged by each party hereto, the parties agree as follows:
1. Closing Date. Section 2.1 of the Agreement is hereby amended to provide that the Outside Date set forth therein as June 30, 2006 for the Closing of the Agreement is hereby waived, and that July 15, 2006 is hereby established as the new Outside Date for the Closing of the Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be executed on the day and year set forth opposite below their signatures.
SUNRISE U.S.A. INCORPORATED PUKKA USA, INC.
By: /s/ Xxxx X. Xxxxxxxxxx By: /s/ Xxxx X. Xxxxxxx
Date: 6/30/06 Date: 6/30/06
SHAREHOLDERS
(on behalf of themselves and of all Shareholders of Pukka):
/s/ Xxxxxxx XxXxxxxx /s/ Xxxx X. Xxxxxxx
Xxxxxxx XxXxxxxx Xxxx Xxxxxxx
Date: 6/30/06 Date: 6/30/06
