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EXHIBIT 10.16
AMENDMENT NO. 2 TO ASSET PURCHASE AGREEMENT
This Amendment No. 2 to Asset Purchase Agreement (this "AMENDMENT") is made
and entered into as of the __th day of July, 1998 by and between Golf One
Industries, Inc., a Delaware corporation (the "COMPANY"), and Xxxx Xxxxxx Group,
Inc., a Florida corporation ("SELLER"), with reference to the following facts:
A. The Company and Seller are parties to that certain Asset Purchase
Agreement dated November 1, 1997 (the "PURCHASE AGREEMENT") and to the Amendment
to the Purchase Agreement dated March 13, 1998 ("AMENDMENT NO. 1").
B. Section 9(c) of the Purchase Agreement, as amended by Amendment No. 1,
provides that either Seller or the Company may terminate the Purchase Agreement
if the Closing (as defined therein) shall not have occurred on or prior to July
31, 1998.
C. The Seller and the Company desire to amend Section 9(c) to change the
date to August 31, 1998.
NOW THEREFORE, with reference to the foregoing facts, the Company and
Seller agree as follows:
1. Amendment to Section 9(c).
Section 9(c) is hereby amended by changing the date set forth therein
from "July 31, 1998" to "August 31, 1998."
2. No Other Amendments.
Except as set forth in this Amendment, all the terms and provisions of
the Purchase Agreement shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, this Amendment is made and entered as of the date
and the year first above written.
GOLF ONE INDUSTRIES, INC., XXXX XXXXXX GROUP, INC.,
a Delaware corporation a Florida corporation
By: ___________________________ By: _________________________
Xxxxxxx X. Xxxxxxxxx, Xxxxxx Xxxxx
Chief Executive Officer President
