FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
DATED JUNE 29, 1999
The undersigned are all parties to a certain "Stock Purchase Agreement"
dated June 29, 1999, and hereby agree to amend the terms and conditions of such
Stock Purchase Agreement in accordance herewith.
1. Section 1.5 of the Stock Purchase Agreement is hereby amended to
provide that the Closing shall occur no later than August 31, 1999 (the
"Termination Date").
2. Section 9.1 of the Agreement is hereby amended to provide that Wamar
Products, Inc. shall bear the cost and expense of XxXxxxx & Xxxxx, counsel for
the Sellers, in an amount not to exceed Forty Five Thousand Dollars ($45,000),
and Wamar Products, Inc. shall bear the cost and expense of Xxxx Xxxxxx'x
services rendered on behalf of Company for due diligence compliance by Company
and Sellers, and other services related to the Stock Purchase Agreement, in an
amount not to exceed Fifteen Thousand Dollars ($15,000). Other than as modified
hereby, Section 9.1 shall remain in full force and effect.
3. In all other respects the terms and conditions of the Stock Purchase
Agreement shall remain unchanged.
Date:________________, 1999 "SELLER"
_______________________________________
XXXXX X. XXXXXX
Date:________________, 1999 "BUYER"
CLARION PLASTICS TECHNOLOGIES,
INC., an Ohio corporation
By:____________________________________
Xxxxxxx Xxxxxxx, Chief Executive
Officer
Date:________________, 1999 "PARENT"
CLARION TECHNOLOGIES, INC.,
a Delaware corporation
By:____________________________________
Xxxx X. Xxxxxxxxxx, Chief Executive
Officer
