Exhibit 10.10
ADDENDUM TO AMENDED AND RESTATED STOCK PURCHASE AND
ACQUISITION AGREEMENT DATED APRIL 3, 2003
This addendum ("Addendum"), dated April 3, 2003, modifies and supplements
the Amended and Restated Stock Purchase and Acquisition Agreement dated April 3,
2003 (the "Original Agreement") by and among Frontline Communications Corp.
("Frontline"), Proyecciones y Ventas Organizadas, S.A. de C.V. ("Provo"),
Xxxxxxx Xxxxxxxx del Rio Xxxxxxx ("Requejo") and Xxxxxxx Xxxxxxxx del Rio
Arrangoiz ("Arrangoiz").
In the event of a conflict between the Original Agreement and this
Addendum, the terms of this Addendum shall control.
1. Page 2, Section 1.01 (f) of the Agreement shall be stricken in its
entirety and replaced by the following:
"Conversion Date" shall mean the date which is the later of: (i) the
date on which the Series C Preferred and Series D Preferred (as
defined below) converts to common stock of the Buyer, in accordance
with section 3.03 or (ii) July 18, 2003, or such later date as agreed
upon in writing by the Holders of a majority of the Series C
Preferred. In the event the Conversion Date is delayed due to the
actions or inaction of a third party regulatory or governmental
agency, the Conversion Date shall be extended for an additional thirty
(30) day period.
2. The Original Agreement, as modified by this Addendum, is hereby
ratified and confirmed in all respects, is in full force and effect,
and is binding on and enforceable against the parties in accordance
with its terms.
3. This Addendum may be executed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.
4. This Addendum shall be governed by the laws of the State of New York.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, each of the parties has caused its duly authorized
representative to execute this Amendment on the day and year first above
written.
Frontline Communications Corp.
By: /s/
Xxxxxxx X. Xxxx-Xxxxxxxx
By: /s/ Xxxxxxx Xxxxxxxx Del Rio Arrangoiz
Proyecciones y Ventas Organizadas, S.S. de C.V.
By:
/s/ Xxxxxxx Xxxxxxxx del Rio Xxxxxxx
/s/ Xxxxxxx Xxxxxxxx del Rio Arrangoiz
