Amendment to Stock Purchase Agreement between Intellicall, Inc. and Gotthardfin Limited (June 1, 2000)

Contract Categories: Business Finance › Purchase Agreements
Summary

This amendment updates the stock purchase agreement between Intellicall, Inc. and Gotthardfin Limited. It grants Intellicall the option, for one year after closing, to repurchase all or part of the shares sold at $250 per share, with adjustments for stock changes. Intellicall can assign this option with written notice. Additionally, if a third party offers to buy the shares, Gotthardfin must give Intellicall the right to match the offer within 24 hours. The amendment is effective as of June 1, 2000.

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EX-10.2 2 0002.txt AMENDMENT TO STOCK PURCHASE AGREEMENT AMENDMENT TO STOCK PURCHASE AGREEEMENT Effective June 1, 2000, the stock purchase agreement, dated as of March 10, 2000 between Intellicall, Inc. ("Seller") and Gotthardfin Limited ("Purchaser") is amended to read as follows: Further Agreements. ------------------ (c) During the period commencing on the Closing Date and ending on the one-year anniversary of the Closing Date (the "Option Period"), Purchaser hereby grants to Seller an option (the "Option") to repurchase all or any part of the Shares for a purchase price of U.S. $250 per share (subject to appropriate adjustment for any stock split, stock dividends or the like). The Option may be exercised by Seller by delivery of written note to Purchaser indicating the number of Shares to be repurchased and the date to be repurchased (which date may be no later than thirty (30) days following the date of such written notice). The repurchase price shall be paid in immediately available funds, unless otherwise agreed to by Purchaser. The Option shall be assignable by Seller upon written notice to Purchaser. (d) Upon an offer from a third party to purchase the ILD shares, the Purchaser grants the Seller the right of first refusal to match the offer presented by the third party within 24 hours of receipt of such offer. EXECUTED as of the date first set forth above. GOTTHARDFIN LIMITED ----------------------------- By: /s/ Nicola Mordasini Title: Vice-Chairman of the Executive Board ----------------------------- By: /s/ Gabriele Zanetti Title: Member of Management INTELLICALL, INC. ------------------------------ By: /s/ R. Phillip Boyd Title: CFO -25-