CLARIFICATION ADDENDUM
Exhibit
10.40
CLARIFICATION
ADDENDUM
This
clarification addendum, entered into as of February 28, 2008 hereby amends that
certain Asset Purchase Agreement (the “APA”) dated February 26, 2007 between
Accountabilities, Inc. (the “Company”) and ReStaff Services, Inc.(“ReStaff”) to
include a definition of the term Net Income as used in paragraphs 1.2(d) and
1.2(e) of the APA. Such definition is as follows:
Net
Income shall be the result of adding net income, interest, taxes, depreciation,
amortization and unusual and non-recurring items, as such amounts are derived
from financial statements prepared in conformance with generally accepted
accounting principles of the United States.
In
witness whereof, this Agreement has been duly executed by the parties hereto as
of the date first above written.
ACCOUNTABILITIES, INC. | |||
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By:
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/s/ Xxxxxxx XxxXxxxxxx | |
Name: Xxxxxxx XxxXxxxxxx | |||
Title: Chief Financial Officer | |||
RESTAFF SERVICES, INC. | |||
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By:
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/s/ Xxxxxx Xxxxx | |
Name: Xxxxxx Xxxxx | |||
Title: President | |||