Amendment No. 1 to Asset Purchase Agreement between IMPRES Technology Solutions, Inc. and Wareforce Incorporated

Summary

This amendment updates the Asset Purchase Agreement between IMPRES Technology Solutions, Inc. and Wareforce Incorporated, effective June 19, 2001. It changes how certain service contracts (DPSS, DCFS, and CATS) are assigned after June 30, 2001. Specifically, the DCFS/CATS contract will be assigned directly to Richard Fu, pending approval from Los Angeles County, while other contracts will be assigned to the buyer or their designee(s).

EX-10.50 20 v78399orex10-50.txt EXHIBIT 10.50 Exhibit 10.50 AMENDMENT NO. 1 to ASSET PURCHASE AGREEMENT DATED AS OF JUNE 18, 2001 BY AND BETWEEN IMPRES TECHNOLOGY SOLUTIONS, INC. AND WAREFORCE INCORPORATED Effective as of June 19, 2001, the Asset Purchase Agreement dated as of June 18, 2001 by and between IMPRES Technology Solutions, Inc. and Wareforce Incorporated is hereby amended as follows: Strike Section (1)(g)(ii) which reads as follows: "Seller has several service contracts commonly known as DPSS, DCFS and CATS, which are paid monthly. Seller will continue these contracts through June 30, 2001 and assign these contracts to Buyer as of July 1, 2001, and" and replace it with: "Seller has several service contracts commonly known as DPSS, DCFS and CATS, which are paid monthly. Seller will continue these contracts through June 30, 2001 and assign these contracts to Buyer or Buyer's designee(s) as of July 1, 2001; specifically Seller and Buyer both agree that the DCFS / CATS contract shall be directly assigned by Seller to Richard Fu, an individual, upon the approval of Los Angeles County, and". Agreed and accepted this 19th day of June, 2001. WAREFORCE INCORPORATED IMPRES TECHNOLOGY SOLUTIONS, INC. /s/ Dan Ricketts /s/ Richard Fu - ---------------------------- -------------------------------- Dan Ricketts Richard Fu General Counsel President