EXHIBIT 6.37
Amendment to Merger Agreement
Xxxxxx Xxxxxxxx
Arrow Towing and Recovery, Inc.
July 30, 1999
The legal documentation necessary to close the funding has not been completed
despite a tremendous effort by the personnel at 1-800-AutoTow and the attorneys
for all parties. We request an extension on your Purchase Agreement until August
6, 1999.
Because of this delay and for your consideration of this extension, rather than
utilize the contracted stock price calculation in the Agreement, we are willing
to fix your stock price at $0.70 per share. Regarding the $25,000 of stock that
was a deposit, we acknowledge that it is forfeited to you, however, in
determining the number of shares for the deposit, that portion will be
calculated in the orginal way, which is, the average stock price of the 5
trading days before and the 5 trading days after the closing (funding).
By executing this Amendment, you acknowledge a waiver of the July 30, 1999
funding date in the Purchase Agreement and grant an extension until the end of
this week (August 6, 1999).
Sincerely,
Agreed:
/s/ Xxxx X. Xxxxxxxxx /s/ Xxxxxx Xxxxxxxx
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Xxxx X. Xxxxxxxxx Xxxxxx Xxxxxxxx
President & CEO Seller
