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AMENDMENT
TO
ASSET PURCHASE AGREEMENT
This Amendment to the Asset Purchase Agreement
(“Amendment”), by and between Global Sports Edge,
Inc., Winning Edge International, Inc., Wayne Allyn Root and
Betbrokers plc, and dated June 27, 2007, is entered into on this
31 st day of August, 2007, by and between Global
Sports Edge, Inc., Winning Edge International, Inc., Wayne Allyn
Root and Betbrokers plc.
PREMISES:
A. On June 27, 2007, the
parties entered into an Asset Purchase Agreement (the
“Agreement”).
B. The parties
desire to amend Section 1.02, Consideration and set the buyers
price per share price.
C. The parties desire to amend
Section 1.04 of the Agreement to extend the closing
deadline.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual
covenants of the parties, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereby agree as follows:
1. Consideration and Price per
Share. The second sentence of Section 1.02 of the
Agreement is hereby amended by replacing it with the following
two sentences: Solely for purposes of this Agreement, the
value of the shares of Buyer’s stock shall be determined
by the higher of (i) the average of the closing bid price on the
five consecutive trading days prior to Closing, or (ii) 5.00
pence. For purposes of valui
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