AMENDMENT NO.1 TO SHARE TRANSFER, EXCHANGE AND CONTRIBUTION AGREEMENT
Exhibit 2.2
This AMENDMENT NO. 1 TO SHARE TRANSFER, EXCHANGE AND CONTRIBUTION AGREEMENT (this
“Amendment”) dated August 28, 2007 is by and among CELLULAR TECHNICAL SERVICES COMPANY,
INC., a Delaware corporation (“Parent”), SAFESTITCH LLC, a Virginia limited liability
company (the “Company”) and the members of the Company (the “Company Members”).
RECITALS
A. On July 25, 2007, Parent, the Company and the Company Members entered into that certain
Share Transfer, Exchange and Contribution Agreement (the “Share Exchange Agreement”).
B. The parties to the Share Exchange Agreement now desire to amend the Share Exchange
Agreement as specified below.
All terms used, but not defined herein, shall have the meanings ascribed to them in the Share
Exchange Agreement.
NOW THEREFORE, in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereby agree
as follows:
Section 8.1(b) of the Share Exchange Agreement is hereby deleted in its entirety and replaced
by the following:
“by Parent or the Company (i) if the Closing Date shall not have occurred on or prior
to September 30, 2007 (the “Deadline Date”) unless the failure of such occurrence
shall be due to the failure of the party seeking to terminate this Agreement to
perform or observe its agreements set forth herein to be performed or observed by such
party at or before the Closing Date;”
Except as expressly modified by this Amendment, the Share Exchange Agreement shall remain in
full force and effect, and this Amendment shall be subject to all the terms, provisions and
conditions, except as herein modified, of the Share Exchange Agreement. This Amendment may be
executed in one or more counterparts, all of which shall be considered one and the same agreement
and each of which shall be deemed an original. The exchange of copies of this Amendment and of
signature pages by facsimile transmission shall constitute effective execution and delivery of this
Amendment as to the parties hereto and may be used in lieu of the original Amendment for all
purposes. Signatures of the parties hereto transmitted by facsimile shall be deemed to be their
original signatures for all purposes.
[Signature Pages Follow]
IN WITNESS WHEREOF, Parent, the Company and each of the Company Members has duly
executed this Agreement as of the day and year first above written.
Parent: |
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CELLULAR TECHNICAL SERVICES COMPANY, INC. | ||||||
By: | /s/ Xxxxxxx Xxxx | |||||
Name: | Xxxxxxx Xxxx | |||||
Title: | Chief Executive Officer and | |||||
Chairman of the Board | ||||||
Company: |
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SAFESTITCH LLC | ||||||
By: | /s/ Xxxxxxx Xxxxxxxx | |||||
Name: | Xxxxxxx Xxxxxxxx | |||||
Title: | CEO and President | |||||
Company Members: |
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/s/ Xx. Xxxxxxx Xxxxxx | ||||||
XX. XXXXXXX XXXXXX | ||||||
/s/ Xxxxxxx X. Xxxxxxxx | ||||||
XXXXXXX X. XXXXXXXX | ||||||
/s/ Xxxx Xxxxx | ||||||
XXXX XXXXX | ||||||
/s/ Xxxxxx Xxxxx | ||||||
XXXXXX XXXXX | ||||||
/s/ Xxx Xxxxxxxx | ||||||
XXX XXXXXXXX | ||||||
THE XXX X. XXXXXXXX FAMILY TRUST DATED NOVEMBER 18, 2003 |
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By: | /s/ Xxxxxxxx Xxxxxx | |||||
Name: | Xxxxxxxx Xxxxxx | |||||
Title: | Trustee |
RSLS INVESTMENTS LLC | ||||||
By: | /s/ Xxxxxxx Xxxxxxxx | |||||
Name: | Xxxxxxx Xxxxxxxx | |||||
Title: | Manager | |||||
FROST GAMMA INVESTMENTS TRUST | ||||||
By: | /s/ Dr. Xxxxxxx Xxxxx | |||||
Name: | Dr. Xxxxxxx Xxxxx | |||||
Title: | Trustee |