FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT
Exhibit
2.2
FIRST
AMENDMENT TO
This
First Amendment to Asset Purchase Agreement (this “Amendment”) is made as of
September 27, 2006, by and between ClientLogic Operating Corporation, a Delaware
corporation (“Seller”) and Innotrac Corporation, a Georgia corporation
(“Buyer”).
WHEREAS,
Seller
and Buyer have executed and delivered that certain Asset Purchase Agreement
dated as of September 5, 2006 (the “Agreement”); and
WHEREAS,
Seller
and Buyer desire to amend the Agreement as contemplated in this Amendment.
NOW,
THEREFORE,
in
consideration of the foregoing and the agreements contained herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
1. Article
IV - Conditions Precedent to Closing; Section 4.01(c) - Mutual Conditions is
hereby amended in its entirety to read as follows:
The
Closing shall have occurred on or before October 31, 2006, unless otherwise
mutually agreed to by the parties.
2. Article
XI - Termination; Section 11.01(c) - Termination of Agreement is hereby amended
in its entirety to read as follows:
By
either
party if the Closing has not occurred on or before October 31, 2006;
3. Except
as
otherwise provided in this Amendment, the terms and conditions of the Agreement
shall remain in full force and effect.
IN
WITNESS WHEREOF,
the
parties have executed this Amendment through their duly authorized signatories
as of the date first set forth above.
INNOTRAC
CORPORATION
|
CLIENTLOGIC OPERATING CORPORATION | |||
By | /s/ Xxxxx X. Xxxxxxx | By | /s/ Xxxxxx X. Xxxxxxxx | |
|
|
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Name: | Xxxxx X. Xxxxxxx | Name: | Xxxxxx X. Xxxxxxxx | |
Title: | President and Chief Executive Officer | Title: | Vice Chairman |