Exhibit 2(ii)
AMENDMENT TO STOCK PURCHASE AGREEMENT
AND PLAN OF REORGANIZATION
This Amendment (this "Amendment") to Stock Purchase Agreement and Plan of
Reorganization (the "Agreement") is entered into as of this ____ day of October,
1996 by and among Software Technology, Inc., a Florida corporation ("STI");
Monogenesis Corporation, a Delaware corporation ("Monogenesis"); Xxxxxx Xxxxxx &
Sons, Inc., a Delaware corporation ("JWSI"); and the persons listed on Schedule
1.1 that are currently shareholders of STI (collectively referred to as the
"Shareholders").
WHEREAS, the parties have entered into the Agreement under which the
Shareholders will exchange their securities in STI for securities in Exigent
International, Inc. ("Exigent"), the Holding Company referred to in the
Agreement, and register certain of the securities to be issued by Exigent; and
WHEREAS, the parties desire to amend the Agreement to reflect current share
holdings and to change the designation of certain of the proposed classes of
stock of Exigent;
NOW THEREFORE, in consideration of the mutual covenants and conditions
hereinafter set forth, the parties amend the Agreement as follows:
1. Subject to the terms and conditions set forth in this Amendment and in
the Agreement, on the Closing Date (as defined in the Agreement), Exigent shall
cause to be issued and delivered to the Shareholders and JWSI the class and the
number of shares of its stock and the number of warrants set forth opposite
their names on Schedule 1.1, which is attached hereto and made a part hereof, in
exchange for which the Shareholders and JWSI shall deliver to Exigent all of the
issued and outstanding stock and warrants of STI.
2. The capitalization of Exigent described in the Agreement shall be
changed. Exigent shall have three classes of stock authorized: Common Shares,
Class B Common Shares and Preferred Shares as well as common stock purchase
warrants as described in the Agreement. In addition, Exigent shall designate
5,000,000 of the authorized Preferred Shares, Class A Preferred Shares. All
references to "Class B Common Shares" in the Agreement shall be amended to read
"Class A Preferred Shares" and all references to "Class D Common Shares" shall
be amended to read "Class B Common Shares."
3. All other provisions of the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Stock
Purchase Agreement and Plan of Reorganization to be executed and delivered on
the date first above written.
SOFTWARE TECHNOLOGY, INC.
By:
--------------------------------
Title:
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MONOGENESIS CORPORATION
By:
--------------------------------
Xxxx X. Xxxxxx, President
XXXXXX XXXXXX AND SONS
By:
--------------------------------
Title:
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THE SHAREHOLDERS
Software Technology, Inc. Restated
Employee Stock Ownership Plan and
Trust Agreement
By:
--------------------------------
Title:
-----------------------------
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Xxxx X. Xxxxx
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Xxxxxx X. Xxxxx
2
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Xxx X. Xxxxxxx, Xx.
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Xxxxxxx X. Xxxxxx
-----------------------------------
Xxxxxx X. Xxxxxxxx, Xx.
-----------------------------------
Xxxxx X. Xxxxxxxxx
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Xxxx X. Daily
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Xxxxxxx X. Xxxxxxx
-----------------------------------
Xxxxxxx X. Xxxx
-----------------------------------
Xxxxxxx X. Xxxxx
-----------------------------------
Xxxxx X. Reading
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Xxxxxx X. XxXxx
-----------------------------------
Xxxxxxx X. Xxxxxxxx
3
SCHEDULE 1.1
HOLDING COMPANY STOCK AND WARRANTS TO BE ISSUED TO STI SHAREHOLDERS
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RESTRICTED REGISTERED CLASS B REGISTERED
NAME COMMON SHARES COMMON SHARES COMMON SHARES WARRANTS
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Xxxx X. Xxxxx 414,870 138,290 110,632 74,610
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Xxxxxx X. Xxxxx 414,322 138,108 110,486 74,514
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Xxx X. Xxxxxxx, Xx. 193,342 64,448 51,558 34,770
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Xxxxxxx X. Xxxxxx 190,102 63,368 50,694 34,188
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Xxxxxx X. Xxxxxxxx, Xx. 46,316 15,439 12,351 8,328
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Xxxxx X. Xxxxxxxxx 33,150 11,050 8,840 5,964
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Xxxx X. Daily 10,076 3,359 2,687 1,812
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Xxxxxxx X. Xxxxxxx 8,734 2,911 2,329 1,572
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Xxxxxxx X. Xxxx 8,066 2,689 2,151 1,452
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Xxxxxxx X. Xxxxx 6,679 2,226 1,781 1,200
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Xxxxx X. Reading 5,351 1,784 1,427 960
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Xxxxxx X. XxXxx 3,750 1,250 1,000 672
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Xxxxxxx X. Xxxxxxxx 1,867 623 498 336
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ESOP -0- 1,704,430 340,886 229,896
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TOTAL 1,336,625 2,149,975 697,320 470,274
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