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AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT

Asset Purchase Agreement

AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT | Document Parties: Tectonic Network, Inc You are currently viewing:
This Asset Purchase Agreement involves

Tectonic Network, Inc

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Title: AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT
Date: 12/27/2005
Industry: Software and Programming     Sector: Technology

AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT, Parties: tectonic network  inc
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Exhibit 99.1

 

AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT

This Amendment No. 4 to Asset Purchase Agreement (“Amendment”) is made and entered into as of December 19, 2005, by and among Tectonic Network, Inc., a Delaware corporation and its subsidiary Tectonic Solutions, Inc., a Georgia corporation (each a Seller, and collectively the "Seller"), and Boston Equities Corporation, a Nevada corporation (“Boston”), and Tectonic, Inc. a Delaware corporation and subsidiary of Boston (the "Buyer') with respect to the following facts:

 

A.

Seller and Boston entered into that certain Asset Purchase Agreement dated as of October 3, 2005, as amended by that certain Amendment No. 1 to Asset Purchase Agreement dated October 12, 2005 and by that certain Amendment No. 2 to Asset Purchase Agreement dated October 28, 2005 and by that certain Amendment No. 3 to Assets Purchase Agreement dated November 8, 2005 (the “Agreement”).

 

 

B.

Seller, Boston and Buyer now wish to amend the Agreement as set forth herein.

IN CONSIDERATION OF the foregoing premises and mutual covenants contained herein and in the Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties to this Amendment agree as follows:

1.           Amendments to Agreement . The specific provisions of the Agreement indicated below are hereby amended as follows:

 

(a)

Purchase Price . Section 4.1 is hereby amended to provide as follows:

The total consideration to be paid by the Buyer for the Assets and the assumption of the Assumed Liabilities (the "Purchase Price


 
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