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Quotes & Info
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| ENPT > SEC Filings for ENPT > Form 8-K on 2-Dec-2008 | All Recent SEC Filings |
2-Dec-2008
Entry into a Material Definitive Agreement
On December 1, 2008, En Pointe Technologies Sales, Inc., a wholly-owned subsidiary of En Pointe Technologies, Inc., entered into a first amendment of the Limited Liability Company Interest Purchase Agreement with Allied Digital Services Lmited to sell a majority interest in its wholly-owned subsidiary, En Pointe Global Services, LLC that was originally executed on July 9, 2008. Under the amended agreement that is effective September 22, 2008, the cash consideration of two million dollars ($2,000,000) that was originally due from Allied Digital Services Limited on or about September 23, 2008 is amended to be due on December 15, 2008 with accrued interest at 5% per annum payable from September 23, 2008, forward until paid.
The foregoing summary of the terms of the amended purchase agreement is subject to, and qualified in its entirety by, such document attached hereto as Exhibit 10.73 and is incorporated herein by reference.
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