Amendment to Closing Certificate for Stock Purchase Agreement between Flexxtech Corporation and W3M, Inc.

Contract Categories: Business Finance › Purchase Agreements
Summary

This amendment updates the closing date of the stock purchase transaction between Flexxtech Corporation (the buyer) and W3M, Inc. (dba Paradigm Cabling Systems), Michael Cummings, and Ashford Capital (the sellers) to October 1, 2002. The sellers must provide all required documents and stock certificates, while the buyer must deliver documents and agree to issue Class A Preferred shares by November 1, 2002, pending shareholder approval. If not approved, common shares will be issued instead. The company will still prepare audited financial statements for the past two years.

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EX-10.3 4 flexxtech_8kex-3.txt EXHIBIT 10.3 AMENDMENT TO CLOSING CERTIFICATE FOR FLEXXTECH CORPORATION AND W3M, INC. (DBA PARADIGM CABLING SYSTEMS) Pursuant to the Stock Purchase Agreement between Flexxtech Corporation, the Buyer, and the Sellers, W3M, Inc. (dba Paradigm Cabling Systems), Michael Cummings and Ashford Capital, dated August 20, 2002, and the Closing Certificate dated September 13, 2002, this Amendment changes the closing date of the Transaction to October 1, 2002 instead of the closing of the transaction upon the completion of audited financial statements. The Company will continue to prepare audited statements for the last two years. The Seller shall deliver all necessary documents, including stock certificates to the buyer. The Buyer shall deliver all necessary documents including an agreement to deliver upon shareholder approval the Class A Preferred shares no later than November 1, 2002. Should the shareholders not approve the Preferred shares, the Buyer shall deliver common shares of the Buyer. This Amended Closing Certificate is accepted and agreed to as of today, 1st day of October 2002, by the parties signing below. SELLING SHAREHOLDERS MICHAEL CUMMINGS, AN INDIVIDUAL /S/ MICHAEL CUMMINGS - ------------------------------ By: Michael Cummings Shareholder, an individual ASHFORD CAPITAL, LLC /S/ WALTER WRIGHT - ------------------------------ By: Walter Wright, Manager Shareholder and Manager W3M,INC. (DBA PARADIGM CABLING SYSTEMS) /S/ MICHAEL CUMMINGS - ------------------------------ By: Michael Cummings President, Director and Shareholder PURCHASER FLEXXTECH CORPORATION /S/ GREG MARDOCK - ------------------------------ By: Greg Mardock Its President