First Amendment to Asset Purchase Agreement between GlobalOptions Group, Inc. and James Lee Witt Associates, LLC
This amendment updates the original Asset Purchase Agreement between GlobalOptions Group, Inc. (the buyer) and James Lee Witt Associates, LLC (the seller). The main change is to the closing date and location, allowing the closing to occur by March 10, 2006, or later if the seller needs more time to provide audited financial statements. All other terms of the original agreement remain unchanged.
Exhibit 10.2
FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT
THIS FIRST AMENDMENT, dated as of February 28, 2006 to Asset Purchase Agreement (the “Agreement”) dated as ofianuary 13. 2006 by and between GLOBALOPTIONS GROUP, INC., a Nevada corporation (“Buyer”) and JAMES LEE WITT ASSOCIATES, LLC, a Delaware limited liability company (“Seller”).
For good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
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| 1. | Section 1.6 of the Agreement is hereby amended and restated as follows: |
Closing. The consummation of the purchase and sale provided for in this Agreement (the “Closing”) will take phice at the offices of Buyer’s legal counsel at 1201 15th Street, N.W. Second Floor, Washington, DC 20005, or such other place as the parties mutually agree, at 10:00 a.m. (local time) on a date mutually agreed to by the parties but not later than Friday, March 10, 2006 (the “Closing Date”); provided, however, that the Closing Date shall automatically be extended, if necessary, to permit Seller sufficient time to deliver to Buyer the audited financial statements in a form which complies with Section 2.4 hereof.
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| 2. | In all other respects, the Agreement remains according to its terms. |
Signatures on following page
IN WITNESS WHEREOF, the parties have executed this First Amendment to Asset Purchase Agreement as or the date first written above.
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| BUYER: | ||
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| GLOBALOPTIONS GROUP, INC. | ||
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| By: | /s/ Harvey Schiller | ||
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| Name: | Harvey Schiller | |
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| Its: | Chairman | |
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| SELLER: | ||
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| JAMES LEE WITT ASSOCIATES, LLC | ||
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| By: | /s/ James Lee Witt | |
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| Name: | James Lee Witt | |
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| Its: | Holder of Majority of Class A Common Interests | |
