AMENDMENT AGREEMENT
EXHIBIT 99.6
AMENDMENT AGREEMENT
This AMENDMENT No. 1 (this “Amendment”), dated as of March 30, 2007, to the Stock
Purchase Agreement (the “Agreement”), dated as of February 28, 2007, by and among DelStaff,
LLC, a Delaware limited liability company (“Buyer”), W. Xxxxxx Xxxxxx (“WRS”) and
each of the stockholders of Westaff, Inc., a Delaware corporation (the “Company”), listed
on Exhibit A attached to the Agreement (collectively, the “Stockholders”), is
entered into by and among Buyer, WRS and each of the Stockholders. Capitalized terms used but not
defined herein shall have the meanings assigned to such terms in the Agreement.
WITNESSETH:
WHEREAS, the parties have entered into the Agreement, pursuant to which on February 28, 2007
Buyer purchased the Share Interests from each of the Stockholders, and each Stockholder sold his,
her or its Share Interest to Buyer; and
WHEREAS, the parties wish to amend the Agreement as set forth in this Amendment.
NOW, THEREFORE, in consideration of the premises and in reliance on the representations,
warranties, covenants and agreements contained in the Agreement and herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending
to be legally bound hereby, the parties hereto hereby agree as follows:
Section 1. Amendment to Definition of Outside Date. The definition of Outside Date
contained in Section 1.01(a) of the Agreement is hereby amended and restated in its entirety to
read as follows:
““Outside Date” means October 30, 2007, (a) as it may be extended by Buyer in its sole
discretion, by written notice to the Stockholders, for up to two (2) consecutive six-month periods,
provided Buyer is in compliance in all material respects with the provisions of this Agreement
(including Sections 6.01 and 6.04), and (b) as it may be further extended by written agreement of
the parties hereto.”
Section 2. Successors and Assigns. The provisions of this Amendment shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns,
provided that no party may assign, delegate or otherwise transfer any of its rights or obligations
under this Amendment without the consent of the other parties hereto; provided,
however, that Buyer may, without the consent of any of the other parties hereto (a) (i)
assign any or all of its rights and interests hereunder to one or more of its Affiliates and (ii)
designate one or more of its Affiliates to perform its obligations hereunder, and (b) assign its
rights and obligations pursuant to this Amendment, in whole or in part, in connection with any
sale, transfer or other disposition of all or any portion of the Shares in any form of transaction
or to its lenders providing financing for the purchase of the Shares. Notwithstanding the
foregoing, in any and all of the cases described in clauses (a) and (b) of this Section 2, Buyer
nonetheless shall remain responsible for the performance of all of its obligations hereunder.
Section 3. Counterparts; No Third Party Beneficiaries. This Amendment may be signed
in any number of counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. This Amendment and each other
agreement or instrument entered into in connection herewith or therewith or contemplated hereby or
thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a
facsimile machine or e-mail, shall be treated in all manner and respects as an original signed
version thereof delivered in person. At the request of any party hereto or to any such agreement
or instrument, each other party hereto or thereto shall re-execute original forms thereof and
deliver them to all other parties. No party hereto or to any such agreement or instrument shall
raise the use of a facsimile machine or e-mail to deliver a signature or the fact that any
signature or agreement or instrument was transmitted or communicated through the use of a facsimile
machine or e-mail as a defense to the formation or enforceability of a contact and each such party
forever waives any such defense. No provision of this Amendment is intended to confer any rights,
benefits, remedies, obligations, or liabilities hereunder upon any Person other than the parties
hereto and their respective successors and assigns.
Section 4. Entire Agreement. This Amendment, the Agreement (and all exhibits and
schedules thereto), the Pledge Agreement, the Custody Agreement, the Promissory Notes and the
Guaranty constitute the entire agreement between the parties hereto with respect to the subject
matter hereof and thereof and supersede all prior agreements and understandings, both oral and
written, between the parties with respect to the subject matter hereof and thereof.
Section 5. Severability. If any term or provision of this Amendment is held by a
court of competent jurisdiction or other authority to be invalid, void or unenforceable, the
remainder of the terms and provisions of this Amendment or any related agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any party. Upon such a determination, the parties shall negotiate in good
faith to modify this Amendment so as to effect the original intent of the parties as closely as
possible in an acceptable manner in order that the transactions contemplated hereby be consummated
as originally contemplated to the fullest extent possible.
Section 6. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of
such state.
Section 7. Jurisdiction. Any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this Amendment and any
related agreement or the transactions contemplated hereby or thereby shall be brought exclusively
in any federal or state court located in the State of Delaware, and each of the parties hereby
consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in
any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law,
any objection that it may now or hereafter have to the laying of the venue of any such suit, action
or proceeding in any such court or that any such suit, action or proceeding brought in any such
court has been brought in an inconvenient form. Process in any such suit, action or proceeding may
be served on any party anywhere in the world, whether within or without the jurisdiction of any
such court. Without limiting the foregoing, each party agrees that
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service of process on such party as provided in Section 9.01 of the Agreement shall be deemed
effective service of process on such party.
Section 8. Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES
ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS
AMENDMENT OR ANY RELATED AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
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IN WITNESS WHEREOF, the parties hereto have duly executed, or caused to be duly executed by
their respective authorized officers, this Amendment as of the day and year first above written.
DELSTAFF, LLC |
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By: | /s/ Xxxx Xxxxx | |||
Name: | Xxxx Xxxxx | |||
Title: | Manager | |||
XXXXXX REVOCABLE TRUST DATED NOVEMBER 16, 1988, AS AMENDED |
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By: | /s/ W. Xxxxxx Xxxxxx | |||
Name: | W. Xxxxxx Xxxxxx | |||
Title: | Co-Trustee | |||
W. XXXXXX XXXXXX |
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/s/ W. Xxxxxx Xxxxxx | ||||
THE XXXXXX FOUNDATION |
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By: | /s/ W. Xxxxxx Xxxxxx | |||
Name: | W. Xxxxxx Xxxxxx | |||
Title: | Vice President, Treasurer and Director | |||
XXXXXX 1999 CHARITABLE REMAINDER UNITRUST DATED 4/21/99 |
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By: | /s/ W. Xxxxxx Xxxxxx | |||
Name: | W. Xxxxxx Xxxxxx | |||
Title: | Xx-Xxxxxxx |
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XXX XXXXXX-XXXXXX |
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/s/ Xxx Xxxxxx-Xxxxxx | ||||
XXXXXXX XXXXXX |
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/s/ Xxxxxxx Xxxxxx | ||||
XXXXX XXXXXX |
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/s/ Xxxxx Xxxxxx | ||||
/s/ Xxxxx X. Xxxxxx | ||||
XXXXX X. XXXXXX, AS CO-TRUSTEE OF THE XXXXX X. XXXXXX GST IRREVOCABLE TRUST | ||||
U.S. BANK, AS CO-TRUSTEE OF THE XXXXX X. XXXXXX GST
IRREVOCABLE TRUST |
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By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | VP and Trust Relationship Manager | |||
/s/ Xxxxxxx X. Xxxxxx | ||||
XXXXXXX X. XXXXXX, AS CO-TRUSTEE OF
THE XXXXXXX X. XXXXXX IRREVOCABLE TRUST AS AMENDED 3/28/96 |
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WAYNESBURG COLLEGE |
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By: | /s/ Xxx X. Xxxxxxxx | |||
Name: | Xxx X. Xxxxxxxx | |||
Title: | Vice President for Business and Finance | |||
PRESBYTERIAN LAY COMMITTEE, INC. |
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By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
Title: | Chairman of Board | |||
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