ADDENDUM TO STOCK PURCHASE AGREEMENT
THIS ADDENDUM TO STOCK PURCHASE AGREEMENT is entered into this 10th day
of March, 1997, by and among R.H. FINANCIAL SERVICES, INC. ("Purchaser") and
NET LNNX, INC. ("Seller" or the "Corporation").
Whereas, the Purchaser and the Seller entered into a certain Stock
Purchase Agreement ("December Agreement"), dated December 31, 1996 whereby the
Purchaser purchased 500,000 shares of the Seller's newly issued common stock
in consideration for the sum of $300,000;
Whereas, the Purchaser and the Seller desire to reform and amend the
December Agreement;
For consideration which is hereby received and acknowledged, the
Purchaser and Seller hereby agree to reform and amend the December Agreement
as follows:
1. Section 1 of the December Agreement titled "Purchase and Sale of
Stock" shall be deleted in its entirety and replaced with the following:
SECTION 1
PURCHASE AND SALE OF STOCK
Subject to the terms and condition of this Agreement,
the Corporation hereby sells, assigns, transfers and
delivers to the Purchaser 41,667 newly issued restricted
shares of common stock of the Corporation.
2. Section 2 of the December Agreement titled "Consideration For
Transfer and Closings" shall be deleted in its entirety and replaced with the
following:
SECTION 2
CONSIDERATION FOR TRANSFER AND CLOSING
At the closing on December 31, 1996, and in full
consideration for the assignment, transfer and delivery to
the Purchaser of 41,667 newly issued restricted shares of
common stock of the Corporation, the Purchaser will deliver
to the Corporation the sum of $25,000 in cash on or before
January 6, 1996.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum to
Stock Purchase Agreement on the day and year first above written.
NET LNNX, INC.
/s/Xxxxxx X. Xxxxxxx
By: Xxxxxx X. Xxxxxxx,
Executive Vice President
R. H. FINANCIAL SERVICES, INC.
/s/Xxxxxx X. Xxxxx, Xx.
By: Xxxxxx X. Xxxxx, Xx.,
President
