1
Exhibit 10(i)
AMENDMENT NO. 2
as of February 28, 1997
Xxxxx Xxxxxx ("Xxxxxx"), Astrotech International Corporation
("Astrotech") and Xxxxx-Minneapolis Tank & Fabrication Co. ("BMT") are parties
to a Stock Purchase Agreement dated February 7, 1994, and as amended on March
6, 1996, by and among the undersigned (the "BMT Agreement").
The parties of the BMT Agreement have agreed to amend certain
provisions relating to Contingent Payments to be made by Astrotech to Xxxxxx
under the BMT Agreement. All defined terms not otherwise defined herein will
have the meanings assigned in the BMT Agreement. All currently disputed and
future Contingent Payments as described in section 1.02 and 1.03 of the BMT
Agreement will be terminated and satisfied in consideration of Astrotech making
additional payments in 1997 to Xxxxxx, as follows:
1). A $600,000 initial payment upon signing of this
amendment
2). A final payment to be made with the amount to be
determined as follows:
a) If paid on or before April 30,
1997, the amount will be
$1,930,000;
b) If paid on or after May 1, 1997 but
before July 31, 1997, the amount
will be $1,970,000
c) If paid on or after August 1, 1997
but before September 30, 1997, the
amount will be $2,000,000. In any
event, the final payment will be
made no later than September 30,
1997.
IN WITNESS WHEREOF, the parties have executed this Amendment No. 2 as of the
date first above written.
/s/ XXXXX X. XXXXXX
-------------------
Xxxxx X. Xxxxxx
Astrotech International Corporation
by: /s/ XXXXX XXXXX XXXXXX
------------------------
its: Treasurer
-----------
Xxxxx-Minneapolis Tank & Fabricating Co.
by: /s/ XXXXX XXXXX XXXXXX
------------------------
its: Treasurer
-----------
