ANSLOW & JACLIN, LLP 4400 ROUTE 9, 2ND FLOOR FREEHOLD, NEW JERSEY 07728 (732)409-1212Stock Purchase Agreement • July 7th, 2003 • Global Business Resources Inc • Services-business services, nec
As you know, we represent Global Business Resources, Inc. ("Global Business"). This letter agreement will hereby confirm that the Stock Purchase Agreement ("Agreement"), Amendment to the Stock Purchase Agreement ("Amendment") and Agreement for the Exchange of Common Stock ("Share Exchange") are hereby deemed null and void. Pursuant to the Agreement and Amendment, your client, International Equities and Finance, LLC, was required to provide audited financial statements to Global Business for United States Coach Group. Specifically, pursuant to Section 1(iv) of the Amendment, Seller had the right to terminate the Agreement if the United States Coach Group audited financial statements were not received within fourteen days from the date of such Amendment. To date the audited financial statements have not been received by Global Business and therefore both parties have agreed that the Agreement and Amendment are terminated and this transaction is deemed null and void. The Share Exchange wa
