ADDENDUM TO STOCK PURCHASE AGREEMENT (MPI)
 
This ADDENDUM TO STOCK PURCHASE AGREEMENT (MPI) (this “Addendum”) is dated as of
July 17, 2007, by and among Management Properties, Inc., a Tennessee corporation
(the “Company”), the undersigned stockholders of the Company (collectively, the
“Sellers”), and Management Properties, Inc., a Utah corporation (the “Buyer”).
 
WITNESSETH:
 
WHEREAS, the Buyer, the Company and the Sellers made and entered into a Stock
Purchase Agreement dated July 17, 2007 (the “Agreement”), pursuant to which
Buyer has agreed to purchase, and Sellers have agreed to sell, all of the issued
and outstanding capital stock of the Company, on the terms and conditions set
forth in the Agreement; and
 
WHEREAS, the parties wish to amend the Agreement as set forth below.
 
NOW, THEREFORE, for and in consideration of the foregoing recitals, and other
good and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged, the parties agree as follows:
 

 
1.
Section 2.3 of the Agreement is hereby amended by deleting from clause (a)
thereof “August 31, 2007” and inserting in its place “October 4, 2007.”

 

 
2.
Section 9.7 of the Agreement is hereby amended by deleting therefrom
“contemporaneously with” and inserting in its place “prior to.”

 

 
3.
Section 10.1(d) of the Agreement is hereby amended by deleting therefrom
“August 31, 2007” and inserting in its place “October 4, 2007.”

 

 
4.
As amended hereby, the Agreement shall remain in full force and effect.

 
[Signatures are on the next page.]

 
 

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IN WITNESS WHEREOF, this Addendum has been executed as of the date first above
written.
 

       
BUYER:

 
TITAN GLOBAL HOLDINGS, INC.
 
   
   
 
By:  /s/ Bryan M. Chance
 

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Name:  Bryan M. Chance
 
Title:  President and Chief Executive Officer

 

       
THE COMPANY:

 
MANAGEMENT PROPERTIES, INC.
 
   
   
 
By:  /s/Jeffrey H. Benedict
 

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Name:  Jeffrey H. Benedict
 
Title:  Vice-President

 

       
SELLERS:
 
   
   
 
/s/ Sara G. MacLean
 

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SARA G. MACLEAN
 
(by Jeffrey H. Benedict under Power of Attorney
dated 7-11-07)

 

       
THE LINDA R. MACLEAN
IRREVOCABLE TRUST
 
   
   
 
By:  /s/ Sara G. MacLean
 

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Sara G. MacLean, Trustee
 
(by Jeffrey H. Benedict under Power of Attorney
dated 7-11-07)

 

       
THE JAMES R. MACLEAN
REVOCABLE TRUST OF 2005
 
   
   
 
By:  /s/ James R. MacLean
 

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James R. MacLean, Trustee

 
 
 

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