Exhibit 2.2
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FIRST AMENDMENT
TO
ASSET PURCHASE AGREEMENT
This First Amendment to Asset Purchase Agreement (this "Amendment") is
entered into and effective as of September 6, 2001, by and between Beacon
Manufacturing Company, a North Carolina corporation ("Seller") and Beacon
Acquisition Corporation, a North Carolina corporation ("Acquiror").
RECITALS
A. Seller and Aquiror are parties to an Asset Purchase Agreement
dated July 27, 2001 (the "Purchase Agreement").
B. The parties to this Amendment desire to amend the Purchase
Agreement to clarify the Closing Date.
NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:
1. Capitalized Terms. Unless otherwise indicated, all capitalized
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terms used in this Amendment, including the above Recitals, shall have the same
meaning ascribed to those terms in the Agreement.
2. Effective Date. The parties hereby agree that the Closing Date is
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September 6, 2001.
3. Counterparts. This Amendment may be executed in counterparts, each
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of which shall be deemed to be an original and both of which when taken
together, shall constitute a single instrument.
4. Continuance of Purchase Agreement; Single Document. Except as
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specifically amended or modified by this Amendment, all provisions of the
Purchase Agreement shall remain in full force and effect. The Purchase
Agreement, as amended by this Amendment, should hereafter be read as a single,
integrated document, incorporating the changes effected by this Amendment.
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IN WITNESS WHEREOF, the parties to this Amendment have caused this
Amendment to be duly executed by their respective authorized officers as of the
day and year first above written.
SELLER:
BEACON MANUFACTURING COMPANY
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Vice President and Chief Financial Officer
ACQUIROR:
BEACON ACQUISITION CORPORATION
By: /s/ Xxxx Xxxxx
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Xxxx Xxxxx
President
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