AMENDMENT TO THE STOCK PURCHASE AND SALE AGREEMENT
AMENDMENT
TO THE STOCK PURCHASE AND SALE AGREEMENT
This
Amendment to the Stock Purchase and Sale Agreement (this “Amendment”)
is
dated as of June 9, 2008, by and among NTS-WIT Holdings, LLC, a limited
liability company incorporated under the laws of the State of Delaware (the
“Buyer”),
American Technologies Group, Inc., a corporation incorporated under the laws
of
the State of Nevada (“ATG”)
and
Omaha Holdings Corp., a corporation incorporated under the laws of the State
of
Delaware (the “Seller”).
WHEREAS,
the
Buyer, ATG and the Seller are parties to that certain Stock Purchase and Sale
Agreement, dated as of April 7, 2008 (the “Agreement”);
WHEREAS,
pursuant to Section 12.1 of the Agreement, the parties intend to amend, modify
and supplement the Agreement by this Amendment; and
WHEREAS,
defined
terms not otherwise defined herein shall have the meanings ascribed to such
terms in the Agreement.
NOW,
THEREFORE,
in
consideration of the premises and the mutual covenants and agreements
hereinafter set forth, the parties hereto hereby agree as follows:
1. Amendment.
Section 11.1(b) of the Agreement shall be deleted in its entirety and restated
as follows:
“(b)
By
the Buyer.
By the Buyer, upon written notice to the Seller (i) if the transactions
contemplated by this Agreement have not been consummated on or prior to August
31, 2008 unless such failure of consummation shall be due to the failure of
the
Buyer to perform or observe in all material respects the covenants and
agreements hereof to be performed or observed by the Buyer or (ii) for any
breach by the Seller or ATG of any of its covenants and agreements hereof to
be
performed or observed.”
2. Amendment
and Waiver.
Except as specifically amended by the terms of this Amendment, the Agreement
shall remain unmodified and in full force and effect, and shall not be in any
way changed, modified or superseded by the terms set forth herein. Neither
this Amendment nor any term hereof may be amended, waived, discharged or
terminated, except by a written instrument signed by all the parties
hereto.
3. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall
be deemed an original, but shall constitute one and the same
instrument.
4. Notices.
Any and
all notices or other communications or deliveries required or permitted to
be
provided hereunder shall be delivered as set forth in the Agreement, except
as
set forth on the signature pages hereto.
[SIGNATURE
PAGES FOLLOW]
SIGNATURE
PAGE TO AMENDMENT TO THE STOCK
PURCHASE
AND SALE AGREEMENT
BUYER:
|
|
NTS-WIT
HOLDINGS, LLC
|
|
/s/
Xxxxxxx Xxxxx, Authorized Signatory
|
|
ATG:
|
|
AMERICAN
TECHNOLOGIES GROUP, INC.
|
|
/s/
Xxxxxx X. Xxxxxx, III, President
|
|
|
|
SELLER:
|
|
OMAHA
HOLDINGS CORP.
|
|
|
|
/s/
Xxxxxx X. Xxxxxx, III, Authorized
Person
|