1
EXHIBIT 10.62
FIRST AMENDMENT TO
ASSET PURCHASE AGREEMENT
THIS AMENDMENT made and entered into this 30th day of September, 1996,
by and between TOTAL COMMUNICATION SERVICES, INC., a corporation organized and
existing under the laws of the State of Iowa, ("Seller") and XXXXXX
TELEMANAGEMENT, INC., an Iowa corporation with its principal place of business
in Cedar Rapids, Iowa ("Buyer"), is the First Amendment to that Asset Purchase
Agreement dated September 5, 1996 executed by Seller and Buyer ("Agreement"),
and is joined in by the shareholders and management of Seller listed on Exhibit
"B" to the Agreement for the limited purpose of agreeing not to compete, all as
set forth in the Agreement.
1. FIRST AMENDMENT. Buyer and Seller agree that the Closing Date
provided in Paragraph 5 of the Agreement is hereby extended from no later than
September 30, 1996 to no later than October 31, 1996. Buyer and Seller agree
to read all other dates or terms contained in the Agreement and its Exhibits A,
B, C and D and which affect the Closing Date to be modified to be consistent
with a Closing Date not later than October 31, 1996.
2. RATIFICATION. Except as modified by this First Amendment, the
Agreement is hereby ratified and confirmed and shall remain in full force and
effect according to the terms of the Agreement.
3. SIGNATURES. Buyer and Seller agree that the execution of this
Amendment may be made by facsimile signatures and facsimile signatures shall be
as binding on the respective parties as original signatures.
IN WITNESS WHEREOF, Buyer and Seller have executed this First
Amendment to Agreement effective as of the date first above written.
TOTAL COMMUNICATION SERVICES, XXXXXX TELEMANAGEMENT, INC.
INC. ("SELLER") ("BUYER")
By: /s/ XXXXXX XXXXXXX By: /s/ XXXXX X. XXXXX
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Its: Chairman Its: Senior Vice President
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& General Counsel
THE SHAREHOLDERS AND MANAGEMENT OF SELLER LISTED ON EXHIBIT "B" ATTACHED TO THE
AGREEMENT FOR THE LIMITED PURPOSE OF AGREEING TO EXECUTE A NON-COMPETITION
AGREEMENT PURSUANT TO THE TERMS OF THE AGREEMENT:
/s/ XXXXXX XXXXXXX /s/ XXXXXXX XXXXXX
--------------------------------- ------------------------------
Xxxxxx Xxxxxxx Xxxxxxx Xxxxxx
2
/s/ XXXXXX XXXXXX
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Xxxx Xxxxx Xxxxxx Xxxxxx
-------------------------------- -------------------------------
Xxxxx Xxxxxxxxxxx Xxxxxxx Xxxxxx
I.S.H., INC. PENTON MARKETING GROUP, L.C.
By: By: /s/ XXXXXX XXXXXXX
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Its: Its: Chairman
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3
-------------------------------- -------------------------------
Xxxx Xxxxx Xxxxxx Xxxxxx
/s/ XXXXX XXXXXXXXXXX
-------------------------------- -------------------------------
Xxxxx Xxxxxxxxxxx Xxxxxxx Xxxxxx
I.S.H., INC. PENTON MARKETING GROUP, L.C.
By: By: /s/ XXXXXX XXXXXXX
----------------------------- ----------------------------
Its: Its: Chairman
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4
-------------------------------- -------------------------------
Xxxx Xxxxx Xxxxxx Xxxxxx
/s/ XXXXXXX XXXXXX
-------------------------------- -------------------------------
Xxxxx Xxxxxxxxxxx Xxxxxxx Xxxxxx
I.S.H., INC. PENTON MARKETING GROUP, L.C.
By: [SIG] By: /s/ XXXXXX XXXXXXX
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Its: President Its: Chairman
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5
/s/ XXXX XXXXX
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Xxxx Xxxxx Xxxxxx Xxxxxx
-------------------------------- -------------------------------
Xxxxx Xxxxxxxxxxx Xxxxxxx Xxxxxx
I.S.H., INC. PENTON MARKETING GROUP, L.C.
By: By: /s/ XXXXXX XXXXXXX
----------------------------- ----------------------------
Its: Its: Chairman
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