EXHIBIT 10.7
AMENDMENT AND CLARIFICATION
TO
STOCK TRANSFER AGREEMENT
This Amendment and Clarification to Stock Transfer Agreement ("Amendment")
is entered into effective as of September 27, 1999 by and between WorldQuest
Communications, Inc. ("Communications"), Eagle Venture Capital, LLC (f/k/a
WorldQuest Networks, LLC) ("LLC") and WorldQuest Networks, Inc. (the
"Corporation"), and amends that certain Stock Transfer Agreement entered into as
of December 7, 1998 by and between Communications, LLC and the Corporation.
1. The parties hereby acknowledge and agree that the reference in the
Agreement to 360,000 shares of common stock, constituting twelve percent (12%)
of the issued and outstanding shares of the Corporation, is incorrect and should
be corrected so that it is a reference to 300,000 shares of common stock and ten
percent (10%). The Agreement shall be hereby deemed amended to correct such
references at all places.
2. Except as amended hereby, the Agreement is not otherwise amended.
Executed as of the date and year first above written.
WORLDQUEST COMMUNICATIONS, INC.
By: /s/ Xxxxxx Xxxxx
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E. Xxxxxx Xxxxx, President
WORLDQUEST NETWORKS, INC.
By: /s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx, President
EAGLE VENTURE CAPITAL, LLC
(f/k/a WorldQuest Networks, LLC)
By: /s/ B. Xxxxxxx Xxxxx
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B. Xxxxxxx Xxxxx, Chief Executive Officer
