FIRST AMENDMENT TO PURCHASE AGREEMENT
Exhibit 2.1
FIRST AMENDMENT TO PURCHASE AGREEMENT
FIRST AMENDMENT TO PURCHASE AGREEMENT (this “Amendment”), dated as of December 19,
2005, by and among , Bally Total Fitness Corporation, Crunch Fitness International, Inc., Health &
Tennis Corporation of New York, Inc., Xxxx Xx Xxxxx Fitness Centers, Inc., Soho Ho, LLC, Crunch
L.A. LLC, 708 Gym, LLC, West Village Gym at the Archives LLC, 00xx Xxxxxx Gym, LLC, Flambe LLC,
Ace, LLC, Crunch World, LLC, Crunch CFI, LLC, and AGT Crunch Acquisition LLC, each herein sometimes
being referred to individually as a “party” and collectively as the “parties,” is made with
reference to the following facts.
W I T N E S S E T H:
WHEREAS, the parties have entered into that certain Purchase Agreement (the “Purchase
Agreement”), dated September 16, 2005;
WHEREAS, pursuant to Section 5.07 of the Purchase Agreement, the parties have used their
respective commercially reasonable efforts to satisfy or cause to be satisfied all the conditions
precedent that are set forth in Article VIII of the Purchase Agreement, as applicable to each of
them, no later than December 31, 2005;
WHEREAS, the conditions precedent that are set forth in Article VIII of the Purchase Agreement
will not be satisfied on or prior to December 31, 2005;
WHEREAS, pursuant to Section 10.01 of the Purchase Agreement, either the Sellers or the
Purchaser may terminate Purchase Agreement if the Closing shall not have occurred by December 31,
2005; and
WHEREAS, the parties hereto have agreed to amend the Purchase Agreement in accordance with the
terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein, the parties
hereby agree as follows:
I. Definitions. Terms used but not defined herein shall have the meanings assigned
thereto in the Purchase Agreement.
II. Amendments to Purchase Agreement.
1. Section 5.04(b) of the Purchase Agreement shall be, and it hereby is, amended to remove the
date “December 31, 2005” where such date appears in such section and insert the date “January 17,
2006” in lieu thereof.
2. Section 10.01(a) of the Purchase Agreement shall be, and it hereby is, amended to remove
the date “December 31, 2005” where such date appears in such section and insert the date “January
17, 2006” in lieu thereof.
III. Incorporation by Reference. The provisions of Sections 11.04 (Severability),
11.07 (Amendment), 11.08 (Waiver), 11.11 (Governing Law) and 11.14
(Counterparts) of the Purchase Agreement shall be incorporated into this Amendment, mutatis
mutandis, as if references to “this Agreement” in the Purchase Agreement were references to “this
Amendment” in this Amendment.
IV. Purchase Agreement in Full Force and Effect. All of the provisions of the
Purchase Agreement shall remain in full force and effect from and after the date hereof as amended
hereby.
V. References to Purchase Agreement. From and after the date hereof, (i) all
references in the Purchase Agreement to “this Agreement,” “hereof,” “herein,” or similar terms,
(ii) all references to the Purchase Agreement in each agreement, instrument and other document
executed or delivered in connection with the Purchase Agreement, and (iii) all references to the
Purchase Agreement and all other related documents, shall mean and refer to the Purchase Agreement
as amended by this Amendment.
* * * * *
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
date first written above by their respective officers thereunto duly authorized.
SELLERS:
Crunch Fitness International, Inc.
Health & Tennis Corporation of New York, Inc.
Xxxx Xx Xxxxx Fitness Centers, Inc.
Soho Ho, LLC
Crunch L.A. LLC
708 Gym LLC
West Village Gym at the Archives LLC
00xx Xxxxxx Gym, LLC
Flambe LLC
Ace, LLC
Crunch World, LLC
Bally Total Fitness Holding Corporation
Health & Tennis Corporation of New York, Inc.
Xxxx Xx Xxxxx Fitness Centers, Inc.
Soho Ho, LLC
Crunch L.A. LLC
708 Gym LLC
West Village Gym at the Archives LLC
00xx Xxxxxx Gym, LLC
Flambe LLC
Ace, LLC
Crunch World, LLC
Bally Total Fitness Holding Corporation
By: | ||||
BALLY TOTAL FITNESS CORPORATION | ||||
By: | /s/ Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Attorney-in-Fact | |||
BALLY TOTAL FITNESS CORPORATION |
||||
By: | /s/ Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Senior Vice President | |||
PURCHASER:
AGT CRUNCH ACQUISITION LLC |
||||
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Manager | |||