Exhibit 10.11
AMENDMENT NO. 1 TO STOCK PURCHASE AGREEMENT
This is Amendment No. 1 (the "AMENDMENT") to the Stock Purchase
Agreement, dated as of June 15, 1999 (the "AGREEMENT"), among Xxx Xxxxxxxx
and Xxxxxxx Xxxxx, as Purchasers, and A. Xxxxxxx Xxxxx and Xxxxxx Xxxxxx,
Jr., as TriNet Stockholders.
RECITAL
The Purchasers and the TriNet Stockholders desire to amend the
Agreement as set forth herein.
1. AMENDMENTS.
a. The term "TriNet Stockholders" in the Agreement is hereby
changed to "TriNet Stockholder" in each place in which it
appears in the Agreement and shall mean solely Xxxxxx Xxxxxx,
Jr.
b. All amendments to the Agreement which are necessary to reflect
the fact that the term "TriNet Stockholders" is a singular
term are hereby deemed made.
c. The reference to "A. Xxxxxxx Xxxxx" in Section 5.6 is hereby
deleted.
2. MISCELLANEOUS.
a. Except as otherwise provided herein, the Agreement shall
remain unmodified and in full force and effect.
b. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York applicable
to contracts made and to be performed therein.
c. This Amendment may be executed in one or more counterparts,
each of which together shall constitute one and the same
agreement.
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed
as of July 26, 1999.
PURCHASERS
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Name: Xxx Xxxxxxxx
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Name: Xxxxxxx Xxxxx
TRINET STOCKHOLDERS
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Name: A. Xxxxxxx Xxxxx
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Name: Xxxxxx Xxxxxx, Jr.
