Amendmentto StockPurchase Agreement By and Between Tucows Inc.,William Ford, Granville Barker, Grant Spradling and Justin Thornton
Exhibit 10.1
Amendment to
Stock Purchase Agreement
By and Between
Tucows Inc., William Ford, Granville Barker, Grant Spradling and Justin Thornton
This amendment agreement (Amendment Agreement), effective as of May 3, 2005 shall amend the Stock Purchase Agreement (the Agreement) by and between Tucows Inc.(Tucows) and Boardtown Corporation (Boardtown) dated as of April 20, 2004.
The parties are desirous to amend the terms of the Agreement and accordingly agree as follows:
1. Section 1.4 (c) of the Agreement is hereby deleted and replaced with the following:
Hosted Helpdesk Service has the meaning set out in Schedule G. If the business contributions from the Shareholders as they relate to the Hosted Helpdesk Service are satisfied by no later than July 15, 2005, Tucows and the Shareholders will instruct the escrow agent to disburse $200,000 from Escrow Account 1 to the Shareholders, in accordance with the escrow agreement entered into by and between the parties simultaneously with the Agreement.
Save and except as modified herein, all terms and condition of the Agreement shall remain in full force and effect. In the event of any conflict between this Amendment Agreement and the Agreement, the terms of this Amendment Agreement shall prevail.
The parties acknowledge and agree that this Amendment Agreement shall be subject to the approval of Tucows Board of Directors.
/s/BRENDA LAZARE |
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Tucows Inc. | ||||
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/s/WILLIAM FORD |
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William Ford | ||||
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/s/GRANVILLE BARKER |
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Granville Barker | ||||
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/s/GRANT SPRADLING |
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Grant Spradling | ||||
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/s/JUSTIN THORNTON |
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Justin Thornton | ||||