FIRST AMENDMENT TO AGREEMENT TO PURCHASE ASSETS AND STOCK
Exhibit 10-W(1)
FIRST AMENDMENT TO AGREEMENT TO PURCHASE ASSETS AND STOCK
THIS FIRST AMENDMENT TO AGREEMENT TO PURCHASE ASSETS AND STOCK (this “Amendment”),
dated as of June 5, 2007, by and between ORHAN HOLDING, A.S., an anonim sirket organized under the
laws of the Republic of Turkey (“Orhan”), and XXXX CORPORATION, a corporation organized
under the laws of the Commonwealth of Virginia (“Xxxx”).
RECITALS
A. Orhan and Xxxx are parties to that certain Agreement to Purchase Assets and Stock, dated as
of March 28, 2007 (the “Agreement”).
B. The parties desire to amend the Agreement on the terms and conditions set forth in this
Amendment.
AGREEMENT
In consideration of the foregoing, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree
as follows:
1. Amendment to Section 2.1(a). Section 2.1(a) is amended to delete the dollar figure
“$70 million” and replace it with “$85 million.”
2. Amendment to Section 4.19. Section 4.19 is amended to add at the end thereof the
following sentence: “All of the assets specifically identified on Schedules as Purchased Assets
are primarily related to the Business.”
3. Amendment to Section 5.1(b). Section 5.1(b) is amended to insert the words “or
other entity” after the word “corporation” in the first line thereof.
4. Amendment to Section 6.6. The first sentence of Section 6.6 is amended to insert
the parenthetical phrase “(together with all other breaches which have not been cured)” after the
word “breach” and before the word “causes” at the end of the third line thereof.
5. Amendment to Subsection 7.4(a)(ii). Subsection 7.4(a)(ii) is amended to insert the
word “reasonable” after the word “all” and before the word “steps” in the fourth line thereof.
6. Amendments to Section 7.5(a). Section 7.5(a) is amended to delete the last
sentence thereof in its entirety.
7. Continuance of Agreement; Single Document. Except as expressly amended by this
Amendment, all provisions of the Agreement remain in full force and effect. The Agreement, as
amended by this Amendment, will hereinafter be read as a single, integrated document, incorporating
the changes effected by this Amendment.
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8. Counterparts. This Amendment may be executed by the parties hereto in
counterparts, each of which shall be deemed to be an original, but all such counterparts taken
together shall constitute a single instrument.
IN WITNESS WHEREOF, the parties have caused this First Amendment to Agreement to Purchase and
Assets and Stock to be executed as of the date set forth above.
ORHAN HOLDING, A.S., an anonim sirket organized under the laws of the Republic of Turkey |
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By: | /s/ Murat Orhan | |||
Name: | ||||
Title: | ||||
XXXX CORPORATION, a corporation organized under the
laws of the Commonwealth of Virginia |
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By: | /s/ Xxxx Xxxxx | |||
Name: | Xxxx Xxxxx | |||
Title Director – Corporate Development | ||||
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