FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (“Amendment”), dated September 21, 2006, by and
among Champion Retail, Inc., a Michigan corporation (“Seller”), Bayshore Advantage LLC, a Delaware
limited liability company (“Buyer”), and the other parties thereto.
The parties have entered into a Stock Purchase Agreement, dated September 8, 2006 (the
“Purchase Agreement”), for the purchase by Buyer of the equity interests of San Xxxx Advantage
Homes, Inc., a California corporation. The parties wish to amend the Purchase Agreement as
provided herein.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as
follows:
1. The first sentence of Section 2.1 of the Purchase Agreement is hereby amended to read in its
entirety as follows:
“The closing of the transactions contemplated by this Agreement (the
“Closing”) shall take place at the offices of Xxxxxx Xxxxxxx PLLC, Suite
300, 00000 Xxxxxxxx, Xxxxxxxxxx Xxxxx, Xxxxxxxx 00000, at 10:00 a.m., local time, on
November 8, 2006, or at such earlier date as may be mutually agreed upon by Seller
and Buyer (such time and date being referred to herein as the “Closing
Date”).”
2. This Amendment may be executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument.
3. All other terms and conditions of the Purchase Agreement are hereby ratified and confirmed and
remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above
written.
| BAYSHORE ADVANTAGE LLC | CHAMPION RETAIL, INC. | |||||||||
By:
|
/s/ Xxxxx X. Xxxxxxx | By: | /s/ Xxxx X. Xxxxxxx, Xx. | |||||||
| Xxxxx X. Xxxxxxx, Managing Member | Xxxx X. Xxxxxxx, Xx., Vice President | |||||||||
| ENCORE PARTNERS, LLC | CHAMPION ENTERPRISES, INC. | |||||||||
By:
|
/s/ Xxxxx X. Xxxxxxx | By: | /s/ Xxxx X. Xxxxxxx, Xx. | |||||||
| Xxxxx X. Xxxxxxx, Managing Member | Xxxx X. Xxxxxxx, Xx., Senior Vice President | |||||||||
