SECOND ADDENDUM TO PRIVATE STOCK PURCHASE AGREEMENT
SECOND ADDENDUM TO PRIVATE STOCK PURCHASE AGREEMENT
THIS SECOND ADDENDUM TO PRIVATE STOCK PURCHASE AGREEMENT (“Second Addendum”) is entered on this 13 day of May, 2004, by and between Xxxxxxx Xxxxxx (hereinafter referred to as “Seller”) of 0000 Xxxxxxxx Xxxxx, Xxxxxx, Xxxxxxx 00000, Sun City Industries, Inc., a Delaware corporation (“Corporation”), and Coast to Coast Equity Group, Inc., a Florida corporation of 0000 Xxxx Xxxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxxx 00000 (hereinafter referred to as the “Purchaser”) who previously entered into a Private Stock Purchase Agreement (“Agreement”).
P R E A M B L E:
WHEREAS, Pursuant to said Agreement Coast to Coast Equity Group, Inc., was acquiring 1,000,000 shares of stock in the corporation for payment in the sum of $375,000.00, said transaction to close on or before April 12, 2004; and
WHEREAS, as condition to closing, Seller is required to deliver to Purchaser 1,000,000 shares of stock of the Corporation, and Purchaser is required to deliver to Seller $375,000.00; and
WHEREAS, Seller and Purchaser entered into an Addendum to Private Stock Purchase Agreement dated April 12, 2004; and
WHEREAS, Sun City Industries, Inc. entered into a Reorganization Agreement with YangLing Daiying Biological Engineering Co. Ltd. which has not yet closed; and
WHEREAS, Seller and Corporation are desirous of insuring that the Reorganization Agreement is consummated; and
WHEREAS, it is necessary to extend the time frame for closing as set forth in paragraph 4 in the previous Addendum.
NOW, THEREFORE, in consideration of the premises as well as the mutual covenants hereinafter set forth, the Parties, intending to be legally bound, hereby agree as follows:
1. Seller shall as and for full consideration for this Agreement receive $375,000.00 only, and shall receive no shares, warrants or other consideration other than said sum which shall be due and payable to him upon closing of the Reorganization Agreement. In the event the Reorganization Agreement cannot be finalized or does not close on or before June 14, 2004, Purchaser within five (5) days of notice that the Reorganization Agreement cannot be finalized or five (5) days of June 14, 2004, whichever first occurs, provide written notice of its intention to close this transaction on the terms set forth in the Agreement, except that the closing date and all obligations to close shall occur within five (5) days from date of notice.
2. Except us modified herein, the terms and conditions of the Agreement and Addendum shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties have executed or caused this Agreement to be executed effective as of the 13 day of May, 2004.
| Signed, sealed and delivered In Our Presence: /s/ X. Xxxxxxxx Signature ___________ Print Name /s/ Xxxx XxXxxx Signature _________________ Print Name _________________ Signature _________________ Print Name Signature _________________ Print Name |
PURCHASER: COAST TO COAST EQUITY GROUP, INC. By: /s/ Xxxxxxx Xxxxxxx Xxxxxxx Xxxxxxx, President CORPORATION: SUN CITY INDUSTRIES, INC. By: /s/ Xxxxxxx Xxxxxx Print Name: Xxxxxxx Xxxxxx By:/s/ Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx |
