1
EXHIBIT 2.1.1
AMENDMENT NO. 1
TO
STOCK PURCHASE AGREEMENT
BY AND AMONG
O2WIRELESS SOLUTIONS, INC.,
O2WIRELESS, INC.
AND
XXXXXXX X. XXXXX
This Amendment No. 1 to the Stock Purchase Agreement dated as of
January 2, 2001 (the "Amendment"), is made and entered into this 13th day of
March, 2001, by and among o2wireless Solutions, Inc., a Georgia corporation
("o2wireless"), o2wireless, Inc., a Georgia corporation ("Buyer"), and Xxxxxxx
X. Xxxxx ("Shareholder") being the sole shareholder of Young & Associates, Inc.,
a Nevada corporation (the "Company").
W I T N E S S E T H:
WHEREAS, o2wireless, Buyer and the Shareholder entered into that
certain Stock Purchase Agreement dated as of January 2, 2001 (the "Stock
Purchase Agreement"); and
WHEREAS, the parties thereto, desire to amend the Stock Purchase
Agreement as provided herein.
NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements herein contained, the parties hereto hereby amend the
Stock Purchase Agreement as follows:
(1) Section 1.2(a) of the Stock Purchase Agreement shall be
amended by replacing the phrase "303,282 shares" with "314,044 shares".
(2) Section 1.2(b) of the Stock Purchase Agreement shall be
amended by replacing "$9,590,750" with "$9,684,500".
(3) Section 6.10 of the Stock Purchase Agreement is hereby deleted
in its entirety, and the following text is inserted in lieu thereof:
"6.10 Assumption of Bonus Plan. o2wireless shall
assume as a liability the obligations of the Company described
in Exhibit I attached hereto (the "Bonus Plan") providing for
the issuance of 184,502 shares of o2wireless common stock and
the payment of $1,362,500 in cash to certain employees of the
Company."
(4) Except as otherwise provided herein, all terms and provisions
of the Stock Purchase Agreement shall remain in full force and effect.
[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, the parties hereto have executed, or caused this
Amendment to be executed by their officers thereunto duly authorized, as of the
date and year first above written. This Amendment may be executed in two or more
counterparts which, when taken together, shall constitute a single original.
"O2WIRELESS"
O2WIRELESS SOLUTIONS, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, Executive Vice
President and Chief Financial Officer
"BUYER"
O2WIRELESS, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, Executive Vice
President and Chief Financial Officer
"SHAREHOLDER"
/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx