Exhibit 10.1
AMENDMENT TO STOCK SALE AND PURCHASE AGREEMENT
The undersigned parties, Axia Group, Inc. ("Seller") and Motorsports
Emporium, Inc. (now International Building Technologies Group, Inc.)
("Company"), having previously entered into a certain Stock Sale and Purchase
Agreement (the "SPA" or the "Transaction") on May 2, 2007, herein mutually
agrees to the following:
WHEREAS, the SPA set forth a purchase price or compensation for the
Transaction;
WHEREAS, the Parties now agree that the PURCHASE PRICE as set forth was
renegotiated and an adjustment is required in order to part fairness to both
Parties to this Transaction;
THEREFORE, the Parties mutually agree to rescind and retire the Note for $1
million by the Company to Axia Group, except for any and all payments on the
Note that have been made by the Company to date.
All other terms and conditions set forth in the SPA shall remain valid and
in full force.
Agreed this 25th day of September, 2007.
International Building Technologies Group, Inc. Axia Group, Inc.
/s/ Xxxxxxx Xxxxx /s/ Xxxx Xxxxxxxx
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By: Xxxxxxx Xxxxx By: Xxxx Xxxxxxxx
President CEO
