Exhibit No

EX-10.1 3 f83952exv10w1.txt EXHIBIT 10.1 Exhibit 10.1 August 14, 2002 VIA FACSIMILE (+81-(0)3-3500-0108) Vespasianus Co., Ltd. Hibiya Dai-Bldg., 15th Floor 1-2-2 Uchisaiwai-cho, Chiyoda-ku Tokyo, Japan 100-0011 Attention: Norimitsu Niwa Ladies and Gentlemen: Reference is made to that certain Stock Purchase Agreement (the "Purchase Agreement") dated as of April 11, 2002, between Valtona Holding B.V. ("Valtona") and MTS, Incorporated ("Seller"), as assigned by Valtona to Vespasianus Co., Ltd. ("Purchaser") and amended pursuant to that certain Assumption and Release Agreement dated as of May 10, 2002, among Seller, Valtona and Purchaser, and as further amended pursuant to those certain letter agreements dated May 21, 2002 and July 22, 2002, among Seller and Purchaser. Capitalized terms used but not defined herein are used as defined in the Purchase Agreement. Seller and Purchaser agree that Section 8.1(e) of the Purchase Agreement is hereby amended and restated in its entirety as follows: "(e) By either Purchaser or Seller if the Closing shall not have occurred on or prior to August 30, 2002, provided that such date shall be postponed by no more than sixty (60) days by an involuntary bankruptcy of Seller that is subsequently stayed or dismissed (as extended from time to time in accordance herewith, the `Outside Date'); and provided further that the failure of the Closing to occur on or before such date is not the result of the breach of the covenants, agreements, representations or warranties of the party seeking such termination." Except as expressly set forth herein, the Purchase Agreement shall remain in full force and effect. This letter may be signed in one or more counterparts all of which, when taken together, shall constitute one original. [Signature page follows] Sincerely, MTS, INCORPORATED By: /s/ DeVaughn Searson ------------------------- Name: DeVaughn Searson Title: Chief Financial Officer, Secretary ACKNOWLEDGED AND AGREED: VESPASIANUS CO., LTD. By: /s/ Norimitsu Niwa ----------------------- Name: Norimitsu Niwa Title: Director