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EXHIBIT 10.13
AMENDMENT TO ASSET PURCHASE AND SALE AGREEMENT
This Amendment to Asset Purchase and Sale Agreement (this "Amendment"),
dated as of June 26, 1998, between OmniAmerica, Inc., a Delaware corporation,
(the "Buyer") and certain wholly-owned subsidiaries of Arch Communications
Group, Inc., a Delaware corporation, ("ACG") which are identified on the
signature page of this Amendment (the "Sellers" and each individually, a
"Seller") amends the Asset Purchase and Sale Agreement, dated as of April 10,
1998, between Buyer and Sellers for the sale of communications facilities (the
"Agreement") to the extent set forth herein. All capitalized terms used but not
defined herein shall have the same meaning as set forth in the Agreement.
1. The first sentence of Section 2(d)(i) of the Agreement is hereby
amended to read as follows:
(i) The Buyer agrees to pay to or for the benefit of the Sellers on
June 30, 1998, Thirty-eight Million Dollars ($38,000,000) (the
"Base Purchase Price") adjusted as provided herein (as adjusted,
the "Adjusted Purchase Price") by delivery of cash payable by
wire transfer or other delivery of immediately available funds;
provided, however, the Buyer may withhold the portion of the
Adjusted Purchase Price allocable to (a) the Frankfort, Kentucky
Site until the Nomura Security Interest is terminated in a manner
reasonably satisfactory to the Buyer, (b) the Taos, New Mexico
Site until the Buyer receives an executed Notice of Lease, and
(c) the Redding, California Site until the Buyer receives all
signatures on the conveyance and Lease Documents. If the Adjusted
Purchase Price is not paid with respect to any such Site by the
Second Closing Date, such Site(s) shall be re-conveyed to the
Sellers at the Second Closing.
2. The first sentence of Section 2(e) of the Agreement is hereby amended
to read as follows:
(e) The Closing. The closing of the transactions contemplated by this
Agreement (the "Closing") shall take place on June 26, 1998 (the
"Initial Closing Date") at the offices of Xxxxxxxx Xxxx & Xxxxx
LLP, 0000 Xxx Xxxxxx, Xxxxxxxxx, Xxxx 00000, commencing at 9:00
a.m. local time, provided the conditions identified in Section 7
below have been satisfied (except for conditions to be satisfied
at the Closing) on or before such date.
3. Section 3(i)(i), page 14, fourth line from the bottom of the paragraph
is hereby amended to read as follows:
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(i) Security Interests or (ii) Defects except for....
4. Section 6(e) is hereby added to the Agreement. Section 6(e) will read
as follows:
(e) Tax Liens. Buyer will withhold and retain $55,000 of the Adjusted
Purchase Price (the "Retained Funds") delivered at the Initial
Closing Date until such time as the Sellers deliver sufficient
documentation evidencing the payment of certain state tax liens
(the "Liens"). These Liens are more particularly described as:
(i) a New York lien against Arch Capital District, Inc.; (ii) a
New York lien against Xxxxxx Valley Mobile Telephone, Inc.; and
(iii) a California lien against The Westlink Company d/b/a
Westlink Paging. Upon receipt of sufficient documentation, Buyer
shall release the Retained Funds to an account designated by the
Sellers at such time.
5. Except as provided above, the Agreement remains unchanged and in full
force and effect.
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IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of
the date first above written.
BUYER:
OMNIAMERICA, INC.
By: /s/ F. XXXXXX XXXXXX
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F. Xxxxxx Xxxxxx, Vice President
and Assistant Secretary
SELLERS:
THE WESTLINK COMPANY, a Delaware corporation
USA MOBILE COMMUNICATIONS, INC., II, a Delaware corporation
ARCH CAPITAL DISTRICT, INC., a New York corporation
Q MEDIA COMPANY-PAGING, INC., a Kansas corporation
ARCH COMMUNICATIONS ENTERPRISES, INC., a Delaware corporation
ARCH MICHIGAN, INC., a Delaware corporation
ARCH SOUTHEAST COMMUNICATIONS, INC., a Delaware corporation
THE BEEPER COMPANY OF AMERICA, INC., a Colorado corporation
ARCH CONNECTICUT VALLEY, INC., a Massachusetts corporation
PROFESSIONAL COMMUNICATIONS, INC., a Pennsylvania corporation
ANSWER IOWA, INC., an Iowa corporation
Q MEDIA PAGING-ALABAMA, INC., a Delaware corporation
By: /s/ XXXXXX X. XXXXXXX
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Xxxxxx X. Xxxxxxx, Vice President -
Business Development
