Amendment to Sale and Purchase Agreement between Wireless Ronin Technologies, Inc. and Sealy Corporation

Contract Categories: Business Finance › Purchase Agreements
Summary

This amendment, dated January 24, 2007, is between Wireless Ronin Technologies, Inc. and Sealy Corporation. It extends the deadline for Sealy to meet certain order and installation quantity requirements under their original Sale and Purchase Agreement from December 31, 2006, to June 30, 2007. The amendment clarifies that Wireless Ronin's exclusivity obligations remain contingent on Sealy fulfilling these requirements by the new date. Both parties have agreed to this extension by signing the amendment.

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EX-10.1 2 c11741exv10w1.htm AMENDMENT TO SALE AND PURCHASE AGREEMENT exv10w1  

EXHIBIT 10.1
January 24, 2007
Sealy Corporation
One Office Parkway at Sealy Drive
Trinity, NC 27370
Attention: Michael Q. Murray, Vice President—Legal Counsel
Re: Sale and Purchase Agreement, dated July 11, 2006, by and between Wireless Ronin Technologies, Inc. and Sealy Corporation (the “Agreement”).
Dear Mike,
As we discussed, Section 1.8 of the Agreement provides that WRT’s exclusivity obligations are contingent upon Sealy meeting the order and installation quantity requirements under the Agreement. Also as we discussed, we would like to extend the measurement date for meeting such requirements by replacing each reference in Section 1.8 of the Agreement to “the quarter ending December 31, 2006” to “the quarter ending June 30, 2007.”
If you agree to this extension, please indicate by signing the copy of this letter enclosed and returning the same to my attention.
Very truly yours,
       
   
/s/ Scott W. Koller    
Scott W. Koller   
   
 
SEALY CORPORATION
       
   
By:   /s/ Michael Q. Murray    
  Name:   Michael Q. Murray   
  Title:   Vice President, Legal Counsel