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FIRST AMENDMENT AGREEMENT TO ASSET PURCHASE AGREEMENT

Asset Purchase Agreement

FIRST AMENDMENT AGREEMENT TO ASSET PURCHASE AGREEMENT | Document Parties: Austin State Bank | BRIMMER COMPANY, LLC | LAURUS CAPITAL MANAGEMENT LLC | LV ADMINISTRATIVE SERVICES INC | STEN CORPORATION | STENCOR, INC You are currently viewing:
This Asset Purchase Agreement involves

Austin State Bank | BRIMMER COMPANY, LLC | LAURUS CAPITAL MANAGEMENT LLC | LV ADMINISTRATIVE SERVICES INC | STEN CORPORATION | STENCOR, INC

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Title: FIRST AMENDMENT AGREEMENT TO ASSET PURCHASE AGREEMENT
Date: 6/2/2009
Industry: Medical Equipment and Supplies     Sector: Healthcare

FIRST AMENDMENT AGREEMENT TO ASSET PURCHASE AGREEMENT, Parties: austin state bank , brimmer company  llc , laurus capital management llc , lv administrative services inc , sten corporation , stencor  inc
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Exhibit 10.2

 

FIRST AMENDMENT AGREEMENT

TO

ASSET PURCHASE AGREEMENT

 

THIS FIRST AMENDMENT AGREEMENT is entered into on this ___ day of May, 2009, by and among BRIMMER COMPANY, LLC, a Minnesota limited liability company (the "Buyer"), STEN CORPORATION, a Minnesota corporation (“Sten”), and STENCOR, INC., a Minnesota corporation and wholly owned subsidiary of Sten (“Old Stencor”, and each of Old Stencor and Sten, a “Seller” and collectively, the “Sellers”).

 

WHEREAS, Buyer and Sellers entered into an Asset Purchase Agreement, dated November 26, 2008 (the “Asset Purchase Agreement”); and

 

WHEREAS, Buyer and Sellers have mutually agreed to amend the Asset Purchase Agreement as set forth herein.

 

NOW, THEREFORE, based upon the above recitals, the parties hereto agree as follows:

 

1.

All capitalized terms used herein shall have the same meaning given to them in the Asset Purchase Agreement, unless otherwise defined herein.

 

2.

Section 1.1(a) shall be deleted in its entirety and intentionally omitted.

 

3.

Section 2.1 of the Asset Purchase Agreement shall be deleted in its entirety and replaced with the following:

 

“2.1

Purchase Price .  The aggregate purchase price (the “ Purchase Price ”) to be paid by Buyer to Sellers in full consideration for the Assets sha


 
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