Ex-10.20 Amendment No. 1, dated May 20, 2005, to Asset Purchase Agreement between Vintage Pharmaceuticals, LLC and Cornerstone BioPharma, Inc. (as assignee of Cornerstone Biopharma Ltd

Contract Categories: Business Finance - Purchase Agreements
EX-10.20 24 b72760ctexv10w20.htm EX-10.20 AMENDMENT NO. 1, DATED MAY 20, 2005, TO ASSET PURCHASE AGREEMENT BETWEEN VINTAGE PHARMACEUTICALS, LLC AND CORNERSTONE BIOPHARMA, INC. (AS ASSIGNEE OF CORNERSTONE BIOPHARMA LTD. exv10w20
Exhibit 10.20
FIRST AMENDMENT TO
ASSET PURCHASE AGREEMENT
     THIS FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”) is entered into as of May 20th, 2005, by and between CORNERSTONE PHARMACEUTICALS LTD., an Anguilla company (“Cornerstone”), and VINTAGE PHARMACEUTICALS, LLC, a Delaware limited liability company (“Vintage”).
RECITALS:
     A. Cornerstone and Vintage are parties to that certain Asset Purchase Agreement, dated as of July 20, 2004 (the “Agreement”);
     B. The parties desire to amend certain provisions of the Agreement.
     NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereby agree as follows:
     SECTION 1. DEFINED TERMS. Capitalized terms used in this Amendment, unless otherwise defined herein, shall have the meanings given such terms in the Agreement.
     SECTION 2. RECITALS. The recitals set forth above are incorporated herein by reference, as if fully restated herein.
     SECTION 3. STATUS OF AGREEMENT. The Agreement, as amended, hereby remains in full force and effect, and, except to the extent expressly set forth in this Amendment, shall not be deemed waived, modified, superseded or otherwise affected in any respect.
     SECTION 4. AMENDMENTS TO AGREEMENT. Section 3.02(ii) is amended by replacing “January 15, 2005” with “August 1, 2005,” and Section 3.02(iii) is amended by replacing “July 15, 2005,” with “November 1, 2005.”
     SECTION 5. COUNTERPARTS. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
     IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of date first above written.
                 
CORNERSTONE PHARMACEUTICALS LTD.       VINTAGE PHARMACEUTICALS, LLC
 
                
By:
  /s/ Craig A. Collard       By:   /s/ William S. Propst, Jr.
 
               
Name:
  Craig A. Collard       Name:   William S. Propst, Jr.
Its:
  CEO       Its:   President