1
Exhibit 2.4b
AMENDMENT NO. 2
TO THE
AMENDED AND RESTATED STOCK PURCHASE AGREEMENT
This AMENDMENT NO. 2 TO THE AMENDED AND RESTATED STOCK PURCHASE
AGREEMENT (the "Agreement"), dated as of April 30, 1998, is made as of July 8,
1998 by and among SUPERSHUTTLE INTERNATIONAL, INC., a Delaware corporation
("SuperShuttle"); SOUTHERN SHUTTLE SERVICES, INC., a Florida corporation
("Southern"); and Xxxx Xxxxxx, Xxxxx Xxxxxx and Xxxxxx Xxxxxxxxx (the
"Shareholders").
Section 5.2(a) of the Agreement is hereby amended and restated in its
entirety as follows:
(a) The Share Exchange shall be rescinded automatically without further
notice (the "Recision") upon the occurrence of any of the following
events: (i) if SuperShuttle does not file a registration statement for
an initial public offering on Form S-1 with the SEC by June 8, 1998 to
register for sale shares of SuperShuttle Common Stock; (ii) if the SEC
does not declare such registration statement effective by August 17,
1998; or (iii) if the underwritten initial registration statement for
an initial public offering on a firm commitment basis does not close by
August 31, 1998, providing a per share offering price to the public of
at least $6.50.
IN WITNESS WHEREOF, SuperShuttle, Southern and the Shareholders have caused this
Amendment No. 2 to be executed on the date first written above by their
respective officers thereunder duly authorized.
SUPERSHUTTLE INTERNATIONAL, INC.,
a Delaware corporation
By:/s/ Xxxxxx X. XxXxx
-------------------------------------
Xxxxxx X. XxXxx, Chief Financial
Officer
SOUTHERN SHUTTLE SERVICES, INC.,
a Florida corporation
By:/s/ Xxxx Xxxxxx
-------------------------------------
Xxxx Xxxxxx, President
2
SHAREHOLDERS OF SOUTHERN
/s/ Xxxx Xxxxxx
--------------------
Xxxx Xxxxxx
/s/ Xxxxx Xxxxxx
--------------------
Xxxxx Xxxxxx
/s/ Xxxxxx Xxxxxxxxx
--------------------
Xxxxxx Xxxxxxxxx
