AMENDMENT NO. 1 TO ACQUISITION AGREEMENTAcquisition Agreement • August 12th, 2005 • CabelTel International Corp • Services-skilled nursing care facilities
THIS AMENDMENT NO. 1 TO ACQUISITION AGREEMENT (“Amendment No. 1”) is made and entered into effective as of the close of business in Dallas, Texas on July 29, 2005, among CABELTEL INTERNATIONAL CORPORATION (formerly Greenbriar Corporation), a Nevada corporation (“GBR” or the “Company”), RONALD C. FINLEY, an individual (“R. Finley”), JEFFREY A. FINLEY, an individual (“J. Finley”), BRADFORD A. PHILLIPS, an individual (“B. Phillips”) and GENE E. PHILLIPS, an individual (“G. Phillips,” all of R. Finley, J. Finley, B. Phillips and G. Phillips are sometimes collectively referred to herein as the “Individuals”), joined by CIC INVESTMENT LLC, a Nevada limited liability company (“CICILLC”), and PS II MANAGEMENT LLC, a Texas limited liability company (“PSIIMLLC,” each of CICILLC and PSIIMLLC are sometimes referred to herein as the “Transferees,” and all of the signatories hereto are collectively called the “Parties”).
