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FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT

Purchase and Sale Agreement

FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT | Document Parties: HANMI FINANCIAL CORPORATION | LEADING INVESTMENT & SECURITIES CO, LTD You are currently viewing:
This Purchase and Sale Agreement involves

HANMI FINANCIAL CORPORATION | LEADING INVESTMENT & SECURITIES CO, LTD

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Title: FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT
Date: 8/3/2009
Industry: Regional Banks     Sector: Financial

FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT, Parties: hanmi financial corporation , leading investment & securities co  ltd
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Exhibit 10.1

FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT

     THIS FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT (this “ First Amendment ”) is dated as of July 31, 2009, by and between HANMI FINANCIAL CORPORATION, a Delaware corporation and registered bank holding company with its principal offices in Los Angeles, California (the “ Company ”) and LEADING INVESTMENT & SECURITIES CO., LTD., a Korean corporation with its principal offices in Seoul, Korea (the “ Purchaser ”).

RECITALS

     WHEREAS, the Company and the Purchaser have entered into a Securities Purchase Agreement dated June 12, 2009 (the “ Securities Purchase Agreement ”) whereby the Company has agreed to issue and sell the Shares (as defined in the Securities Purchase Agreement) to Leading and Leading has agreed to purchase the Shares from the Company, subject to the terms and conditions set forth in the Securities Purchase Agreement; and

     WHEREAS, the Company and the Purchaser have agreed to amend the Securities Purchase Agreement to (i) correct the number of Shares to be purchased by Leading in the Initial Acquisition and the Additional Acquisition (both, as defined in the Securities Purchase Agreement), (ii) extend the due date of certain obligations and conditions as set forth herein, and (iii) further specify the terms for funding the escrow account relating to the Initial Acquisition.

     NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this First Amendment, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the Purchaser hereby agree as follows:

     1.  Defined Terms . Capitalized terms contained in this First Amendment and not otherwise defined herein shall have the same meaning as accorded to them in the Securities Purchase Agreement.

     2.  Amendment to Number of Shares and Purchase Price .

 

a.

 

As of the date of this First Amendment, the number of issued and outstanding shares of the Common Stock of the Company is 46,145,967.

 

 

b.

 

The total number of Shares to be purchased and sold between the parties is 8,079,612. Of this amount, the number of Shares to be purchased by Leading in the Initial Acquisition


 
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