AMENDMENT TO STOCK PURCHASE AGREEMENT
This Amendment to that certain Stock Purchase Agreement (this
"Amendment") between the shareholders (the "Sellers") of On-Line Bedding
Corporation formerly known as HOS -Pillow Corporation, an Illinois Corporation
("On-Line Bedding") and Circle Group Internet, Inc., an Illinois corporation
("CGI"), is made this 17th day of September, 1999.
WITNESSETH:
WHEREAS, the Sellers and CGI are parties to a Stock Purchase Agreement,
(the "Original Stock Purchase Agreement") with respect to the purchase and sale
of the common stock of On-Line Bedding;
WHEREAS, the Original Stock Purchase Agreement was entered into on
January 29, 1999 and to be effective as of January 2, 1999 as provided in
Section 6 thereof;
WHEREAS, pursuant to a scrivener's error, the first paragraph of the
Original Stock Purchase Agreement inaccurately stated the Closing Date or
execution date was January 2, 1999;
WHEREAS, the parties wish to amend the Original Stock Purchase
Agreement to clarify that the Closing Date or execution date was January 29,
1999 and the Effective Date was January 2, 1999; and
WHEREAS, the Purchaser and Seller desire to amend the Original Stock
Purchase Agreement to reflect this xxxxx.
NOW THEREFORE, theCGI and Sellers, intending to be legally bound, agree
as follows:
1. Amendment to Sentence 1 of Paragraph 1. The first sentence of the
first paragraph of the Original Stock Purchase Agreement is hereby amended by
changing the Closing Date from the 2nd to the 29th, and shall read in its
entirety as follows:
"THIS STOCK EXCHANGE AGREEMENT (the "Agreement') is made this
29th day of January, 1999 (the "Closing Date") between the shareholders of
HOS-Pillow, Corp., an Illinois corporation (the "Sellers") listed on Schedule A
hereto, and Circle Group Internet, Inc. an Illinois corporation ("CGI")."
2. Effect of Amendment. In the event of any inconsistency between this
Amendment and the Original Purchase Agreement, this Amendment shall govern.
Except as amended by this Amendment, the Original Purchase Agreement shall
remain in full force and effect.
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IN WITNESS WHEREOF,CGI and the Sellers have executed this Amendment as
of the date first above written.
Sellers:
By:/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
By:/s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxx
CIRCLE GROUP INTERNET, INC., an Illinois
corporation:
By:/s/ Xxxxxxx Xxxxxxx
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Xxxxxxx Xxxxxxx, Chief Executive
Officer and President
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