[EXHIBIT 10.3(a)]
[FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT, ITOLUR]
Translation No. 20/2002 - MODIFICATION OF THE PROMISE OF SALE OF
SHARES.
In the city of Montevideo, this October 1st, 2002, there appear Xx. Xxxxxxxx
Xxxxx XXXXXXX BUZIO, Uruguayan, of legal age, holder of I.D. Card number
_.___.___-, married in first and only marriage with Xxxxxxxx Xxxxx, and Xx.
Xxxxxx Xxxxxx GURMENDEZ XXXXXXX, Uruguayan, of legal age, holder of I.D. Card
number _.___.___-_, married in first and only marriage with Xxxxxxx Xxxxxxxxx,
establishing their domicile for these proceedings at 000 Xxxxxxxx Xxxxxx, xxxxx
000 of this. city, as party of the first part, and ITOLUR SOCIEDAD ANONIMA, an
authorized legal entity, registered with the Tax Payers- Sole Register under
number 00.000.000.0000, domiciled at 0000 Xxxxxx Xxxxxxxx Xxxxxx, xxxxx 000, and
establishing domicile for these proceedings at 000 Xxxxxxx Xxxxxx, Xxxxx 000,
both domiciles of this city, being represented in these proceeding by a special
attorney Xx. Xxxxxxxxx Xxxxxx Xxxxxx, holder of I.D. Card number _.___.___-_, as
party of the second part, and they agree to the following provisions: FIRST; On
August 22nd, 2002, the appearers promised to execute an agreement of sell of
shares of the company DONIMAR SOCIEDAD ANONIMA.- On said document, the parties
agreed that the term of payment of the agreed price should be 25 days counting
as from that date.- SECOND: The parties agree to modify said promise, but only
the part regarding the manner of payment of the agreed price; the modification
being the following: three
consecutive and monthly installments of the same amount, US$ 2.666 each. The
first installment shall be due on October 15th, 2002. The definite contract
shall be executed upon the payment of the third installment.- THIRD; ITOLUR S.A.
has already paid to the selling party the amount of US$ 7.500 corresponding to
the first check bound to cover in the thirteenth provision of said promise. The
other amounts shall be paid by Itolur S.A to the selling party in some of the
ways established in said thirteenth provision.
In certification and confirmation of the above we execute and sign these
presents in three copies of the same tenor.
/There appear three illegible signatures/
The undersigned Public Translator declares the foregoing -the copy of which is
registered under her private file under No. 20/2002 - to be a faithful and
complete translation, into English of the original document (MODIFICATION OF THE
PROMISE OF SALE OF SHARES), written in Spanish, attached hereto. Montevideo,
November 5th, 2002. ------- Xxxxxxx Xxxxxxx /s/, Public Translator