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NEWRIDERS, INC.
000 Xxx Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx Xxxxx, XX 00000
August 15, 1998
Xx. Xxxxxx Xxxxxx
C/o Paisano Publications, Inc.
00000 Xxxxxxx Xxxxx
Xxxxxx Xxxxx, XX 00000
Dear Xx. Xxxxxx:
Reference is made to that certain Stock Contribution and Sale Agreement,
dated as of June 30, 1998, by and among Newriders, Inc., a Nevada corporation,
Easyriders, Inc., a Delaware corporation, Easyriders Sub II, Inc., a California
corporation, Easyriders of Columbus, Inc., an Ohio corporation, Easyriders
Franchising, Inc., a California corporation, Xxxxxx, Inc., a California
corporation, Bros Club, Inc., a California corporation and Associated Rodeo
Riders On Wheels, a California corporation and you in your individual capacity
(the "Agreement").
Section 11.1(d) of the Agreement states that the "Agreement may, by
notice given prior to or at the Closing, be terminated . . . (d) by either
party if the Closing has not occurred . . . on or before July 8, 1998 or such
later date as the parties may agree upon . . . ."
By signing below in your individual capacity and on behalf of each of the
corporations owned by you and party to the Agreement, you and each such
corporation agree that the date by which the Closing must occur before any
party to the Agreement has a right of termination under Section 11.1(d) shall
be changed from July 8, 1998 (which date had previously been extended to August
15, 1998) to September 30, 1998.
Except as modified by this amendment, the Agreement remains in full force
and effect.
Very truly yours,
NEWRIDERS, INC. EASYRIDERS, INC. EASYRIDERS SUB II, INC.
a Nevada corporation a Delaware corporation a California corporation
By: /s/ XXXXXXX X. XXXXXXX By: /s/ XXXXXXX X. XXXXXXX By: /s/ XXXXXXX X. XXXXXXX
---------------------- ---------------------- ----------------------
Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxxxx
President and President President
Chief Executive
Officer
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Agreed and Acknowledged this 15th day of August, 1998:
XXXXXX XXXXXX
/s/ Xxxxxx Xxxxxx
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PAISANO PUBLICATIONS, INC.
a California corporation
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
Chairman
EASYRIDERS OF COLUMBUS, INC.
an Ohio corporation
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
Secretary
EASYRIDERS FRANCHISING, INC.
a California corporation
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
Sole Shareholder
XXXXXX, INC.
a California corporation
By: /s/ Xxxxxx Xxxxxx
-----------------------
Xxxxxx Xxxxxx
President
BROS CLUB, INC.
a California corporation
By: /s/ Xxxxxx Xxxxxx
-----------------------
Xxxxxx Xxxxxx
President
ASSOCIATED RODEO RIDERS ON WHEELS
a California corporation
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
President
