FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
Exhibit 10.1
FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (“First Amendment”) is made effective as of September 30, 2006, by and among (i) Federal Services Acquisition Corporation, a Delaware corporation (“FSAC”); (ii) Advanced Technology Systems, Inc., a Virginia corporation (“ATS”); (iii) Xxxxxx Xxxxx, Xxxxxx Xxxxxx and Xxxxx Xxxxxxxxxx as all of the shareholders of ATS (collectively, the “Shareholders”); and (iv) Xxxxxx Xxxxxx in his capacity as the Shareholders’ Representative (the “Shareholders’ Representative”).
RECITALS:
R-1. By the terms of a Stock Purchase Agreement dated April 19, 2006 by and among FSAC, ATS, the Shareholders and the Shareholders’ Representative (the “Stock Purchase Agreement”), FSAC agreed to purchase from the Shareholders and the Shareholders agreed to sell to FSAC all of the Shareholders respective shares of ATS “Capital Stock” (as defined in the Stock Purchase Agreement) pursuant to the terms and conditions contained therein.
R-2. Section 10.1(b) of the Stock Purchase Agreement provides that either party may terminate the Stock Purchase Agreement if the “Closing” (as defined in the Stock Purchase Agreement) has not occurred by September 30, 2006 for any reason other than a breach of the Stock Purchase Agreement by the terminating party.
R-3. The undersigned wish to amend the Stock Purchase Agreement by this First Amendment to extend from September 30, 2006 to November 30, 2006, the date specified in Section 10.1(b) of the Stock Purchase Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned do hereby agree as follows:
1. The reference to “September 30, 2006” in Section 10.1(b) of the Stock Purchase Agreement is hereby deleted and replaced with “November 30, 2006.”
2. This First Amendment shall in all respects be governed by, and construed in accordance with, the laws (excluding conflict of laws, rules and principles) of the Commonwealth of Virginia applicable to agreements made and to be performed entirely within the Commonwealth of Virginia, including all matters of construction, validity and performance.
3. Except as specifically amended by this First Amendment, the Stock Purchase Agreement is unmodified and in full force and effect and is hereby ratified and affirmed by the undersigned.
This First Amendment may be executed in several counterparts, all of which taken together shall be deemed one and constitute a single instrument. Any manual signature upon this First Amendment that is faxed, scanned or photocopied shall for all purposes have the same validity, effect and admissibility in evidence as an original signature and the parties hereby waive any objection to the contrary.
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IN WITNESS WHEREOF, each of the parties hereto has caused this First Amendment to be duly executed and delivered in its name and on its behalf, all as of the day and year first above written.
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FEDERAL SERVICES |
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ACQUISITION CORPORATION, |
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a Delaware corporation |
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By: |
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/s/ Xxxxx X. Xxxxxxx |
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Name: |
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Xxxxx X. Xxxxxxx |
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Title: |
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President |
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ADVANCED TECHNOLOGY |
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SYSTEMS, INC., |
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a Virginia corporation |
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By: |
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/s/ Xxxxxx Xxxxxx |
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Name: |
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Xxxxxx Xxxxxx |
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Title: |
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Vice-Chairman |
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SHAREHOLDERS: |
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/s/ Xxxxxx Xxxxx |
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Xxxxxx Xxxxx |
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/s/ Xxxxxx Xxxxxx |
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Xxxxxx Xxxxxx |
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/s/ Xxxxx Xxxxxxxxxx |
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Xxxxx Xxxxxxxxxx |
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SHAREHOLDERS’ REPRESENTATIVE: |
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/s/ Xxxxxx Xxxxxx |
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Xxxxxx Xxxxxx |
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