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Exhibit 4.10
FIRST AMENDMENT
TO THE STOCK PURCHASE AGREEMENT
THIS FIRST AMENDMENT TO THE STOCK PURCHASE AGREEMENT (this
"AMENDMENT") is dated as of January 26, 2001 and entered into by and among NTN
Communications, Inc., a Delaware corporation (the "Company"), and the buyers
listed on the signature pages hereof (the "BUYERS") and is made with reference
to that certain Stock Purchase Agreement, dated as of November 14, 2000 (the
"PURCHASE AGREEMENT"), by and among Company and Buyers. Capitalized terms used
herein without definition shall have the same meanings herein as set forth in
the Purchase Agreement.
RECITALS
WHEREAS, the Company and the Buyers are concurrently entering
a Restructure Agreement as of even date hereof, which requires the Company and
the Buyers to enter into this Amendment; and
WHEREAS, the Company and the Buyers desire to amend the
Purchase Agreement to delete the covenant regarding delivery of Additional
Shares.
NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree
as follows:
SECTION 1. AMENDMENT TO THE PURCHASE AGREEMENT
Section 4 of the Purchase Agreement is hereby amended by
deleting subsection (o) contained therein in its entirety.
SECTION 2. MISCELLANEOUS
A. REFERENCE TO AND EFFECT ON THE PURCHASE AGREEMENT AND THE
OTHER DOCUMENTS.
(i) Except as specifically amended by this Amendment, the
Purchase Agreement shall remain in full force and effect and are hereby
ratified and confirmed.
(ii) The execution, delivery and performance of this Amendment
shall not, except as expressly provided herein, constitute a waiver of
any provision of, or operate as a waiver of any right, power or remedy
of any Buyer under, the Purchase Agreement.
B. HEADINGS. Section and subsection headings in this Amendment
are included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.
C. APPLICABLE LAW. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW
YORK (INCLUDING
WITHOUT
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LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF
NEW YORK), WITHOUT REGARD TO INCONSISTENT CONFLICTS OF LAWS PRINCIPLES.
D. EFFECTIVENESS. This Amendment shall become effective upon
the execution of counterparts hereof by the Company and the Buyers and receipt
by the Company and the Buyers of written or telephonic notification of such
execution and authorization of delivery thereof.
E. COUNTERPARTS. This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument;
signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to
the same document.
[signature page to follow]
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IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective officers
thereunto duly authorized as of the date first written above.
BORROWERS:
NTN COMMUNICATIONS, INC.
By: ________________________________
Name:
Title:
BUYERS:
BAYSTAR CAPITAL, L.P.
By: BayStar Capital Management LLC, its
General Partner
By: ________________________________
Name:
Title:
BAYSTAR INTERNATIONAL LTD.
By: BayStar International Management LLC,
its Investment Manager
By: ________________________________
Name:
Title:
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