AMONGAsset Purchase Agreement • November 22nd, 1999 • Compu Dawn Inc • Services-computer integrated systems design • Florida
AMENDMENT TO THE ASSET PURCHASE AGREEMENT BETWEEN COMPU-DAWN, INC. AND GLOBAL PC, INC.Asset Purchase Agreement • November 22nd, 1999 • Compu Dawn Inc • Services-computer integrated systems design
Both parties have agreed to extend the closing date of the asset purchase transaction from September 30, 1999 to November 30, 1999 per section 10.1 of the Asset Purchase Agreement between Compu- DAWN, Inc., Global PC, Inc., Brian Dougherty and Mark Bradlee dated July 30, 1999, provided, however, in the event that Compu-DAWN, Inc. files for protection under the United States Bankruptcy laws, which is not contemplated, Global PC, Inc. may terminate the agreement on the date that such bankruptcy protection is sought by Compu-DAWN, Inc. All references in the Asset Purchase Agreement between Compu-DAWN, Inc., Global PC, Inc., Brian Dougherty and Mark Bradlee to September 30 shall hereby be amended to November 30, 1999.
SECOND AMENDMENT TO THE ASSET PURCHASE AGREEMENT BETWEEN COMPU-DAWN, INC. AND GLOBAL PC, INC.Asset Purchase Agreement • November 22nd, 1999 • Compu Dawn Inc • Services-computer integrated systems design
Both parties have agreed that in the event Compu-DAWN, Inc. does not successfully close bridge financing and transfer a minimum of $500,000 to Global PC's Silicon Valley Bank account by Friday, October 1, 1999, which is not contemplated, Global PC, Inc. may terminate the Asset Purchase Agreement between Compu-DAWN, Inc., and Global PC, Inc., Brian Dougherty and Mark Bradlee dated July 30, 1999 and amended on September 24, 1999. In the event that the Asset Purchase Agreement does need to be terminated, Compu-DAWN, Inc. will use its best efforts to expedite that process to enable Global PC, Inc. to attempt to find alternative interim and long term financing quickly.
