AMENDMENT TO THE ASSET PURCHASE AGREEMENT BY AND AMONG
SIGNAL APPAREL COMPANY, INC., TAHITI APPAREL, INC. AND THE
STOCKHOLDERS OF TAHITI APPAREL, INC., DATED AS OF DECEMBER 18, 1998
In the event of any conflict between this Amendment and the provisions of
the Asset Purchase Agreement (the "Agreement"), to which this Amendment is
annexed, the provisions of this Amendment shall be deemed to control. Any
reference to "the Agreement" or "this Agreement" shall be deemed to include the
provisions set forth in this Amendment.
1. Section 2.01 of the Agreement, relating to the purchase price of the
Assets, is hereby amemded as follows: For purposes of determining the number of
shares of Buyer Common Stock issuable to the Company under Section 2.04 of the
Agreement, it is agreed that each share of Buyer Common Stock has a value of
$1.18750 and the number of shares of Buyer Common Stock issuable shall be
determined by dividing the Purchase Price by $1.18750.
2. Unless otherwise defined herein, capitalized terms used herein shall
have the meanings given them in the Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
16th day of March, 1999.
SIGNAL APPAREL COMPANY, INC.
By: /s/ Xxxxxx X. XxXxxx
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Name: Xxxxxx X. XxXxxx
Title: CEO
TAHITI APPAREL, INC.
By: /s/ Xxx Xxx-Xxxx
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Name: Xxx Xxx-Xxxx
Title: President
/s/ Xxx Xxx-Xxxx
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Xxx Xxx-Xxxx
/s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
