EXHIBIT 2.2
FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
This First Amendment to Stock Purchase Agreement (the "First
Amendment") dated effective as of June 30, 2003, by and between AFC ENTERPRISES,
INC., a Minnesota corporation ("AFC") and STARBUCKS CORPORATION, a Washington
corporation ("Purchaser"), serves to amend the Stock Purchase Agreement dated as
of April 15, 2003, by and among the parties hereto (the "Stock Purchase
Agreement"). Capitalized terms not otherwise defined herein shall have the
meaning attributed to such terms in the Stock Purchase Agreement.
RECITAL
A. The Stock Purchase Agreement provides for the Closing to occur on
June 30, 2003. The parties now desire to delay the Closing until July 14, 2003.
Therefore, the parties agree to amend the Stock Purchase Agreement as
follows:
AMENDMENT
1. Amendment of Closing Provision. Section 3 of the Stock
Purchase Agreement is hereby amended in its entirety to read as follows:
"Subject to the terms and conditions set forth herein, the
Closing shall take place on July 14, 2003 (the "Closing Date")
at the offices of Xxxxx Xxxxxx Xxxxxxxx LLP, 0000 Xxxxxxx
Xxxxxx, 0000 Xxxxxx Xxxxxx, in Seattle, Washington, at 10:00
a.m. local time on the Closing Date, unless the parties
subsequently mutually agree as to a different date, time or
location. The Closing shall be effective as of 12:01 a.m. PDT
on the Closing Date."
2. Amendment of Effective Time Definition. The definition of
"Effective Time" as provided in Section 1 of Appendix B to the Stock Purchase
Agreement shall be amended to read as follows:
""EFFECTIVE TIME" means 12:01 a.m. PDT on the Closing Date."
3. Counterparts. This First Amendment may be executed in one or
more counterparts, all of which shall be considered one and the same agreement
and shall become effective when one or more counterparts have been signed by
each of the parties and delivered to the other parties.
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4. Entire Agreement; Effectiveness of First Amendment. This First
Amendment, together with the Stock Purchase Agreement (including without
limitation all exhibits, schedules and appendices thereto) constitutes the
entire agreement between the parties, and supersedes all prior agreements and
understandings, both written and oral, among the parties with respect to the
subject matter of this First Amendment. Except as expressly provided in this
First Amendment, all other terms and conditions of the Stock Purchase Agreement,
including all exhibits, schedules and appendices thereto, remain in full force
and effect and are not amended or modified in any respect.
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IN WITNESS WHEREOF, the parties hereto have executed or caused this First
Amendment to be executed and delivered their duly authorized officers, as of the
day and year first above written.
AFC ENTERPRISES, INC. STARBUCKS CORPORATION
By: /s/ Xxxxx X. Xxxxxxxxx By: /s/ Xxxxxxx Xxxxx
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Name: Xxxxx X. Xxxxxxxxx Name: Xxxxxxx Xxxxx
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Title: Senior Vice President Title: Executive Vice President
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