Addendum to Common Stock Purchase Agreement between Giant Beverage, Inc. and Hispanica International Delights of America, Inc.
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Summary
This addendum to the Common Stock Purchase Agreement is between Giant Beverage, Inc. (with Frank Iemmiti and Anthony Iemmiti as sellers) and Hispanica International Delights of America, Inc. (purchaser). It states that the stock purchase agreement will be held in escrow until certain conditions are met, including the execution of a New York commercial lease, delivery of cashier's checks, execution of a promissory note, and completion of an audit. If there is any conflict between this addendum and the original agreement, the original agreement will prevail.
EX-10.2 3 ex10-2.htm ADDENDUM TO COMMON STOCK PURCHASE AGREEMENT EX 10-2
Exhibit 10.2
ADDENDUM TO COMMON STOCK PURCHASE AGREEMENT
Seller: Giant Beverage, Inc.
Frank Iemmiti and Anthony Iemmiti
Purchaser: Hispanica International Delights of America, Inc.
In the event of any inconsistency between the provisions of this Addendum and those contained in the Common Stock Purchase Agreement( the "Stock Agreement", the provisions of the Stock Agreement shall govern and be binding.
It is agreed by and between the Parties that the said Common Stock Purchase Agreement shall be held in escrow until the following conditions precedent have been satisfied:
1. A New York commercial lease between Frank Iemmiti and Anthony Iemmiti, Landlord, and Hispanica International Delights of America, Inc., Tenant, including all agreed upon terms, shall be executed by the Parties at or prior to closing.
2. Cashiers checks payable to Wells Fargo and Empire State Bank, as set forth in provision 1.04(a) of the Stock Agreement, shall be delivered at closing by Purchaser to Frank Iemmiti and Anthony Iemmiti.
3. Promissory Note as set forth in Stock Agreement to be executed at closing by the Purchaser and delivered to Frank Iemmiti and Anthony Iemmiti.
4, The audit of Giant Beverage, Inc. shall be completed priorto closing.
| | Giant Beverage, Inc., Seller By: /s/ Frank Iemmiti Frank Iemmiti, Seller Anthony Iemmiti, Seller Hispanica International Delights of America, Inc., Purchaser |
