PROMISSORY NOTEEn Pointe Technologies Inc • December 18th, 2006 • Wholesale-computers & peripheral equipment & software
FOR VALUE RECEIVED, the undersigned, EN POINTE TECHNOLOGIES, INC., a Delaware corporation (the “Borrower”), promises to pay, at El Segundo, California, to the order of Omar and Arif Saeed, (each as to a 50% interest)(herein the “Lender” and, along with each subsequent holder of this Promissory Note, referred to as the “Holder”), the principal sum of ONE MILLION TWO HUNDRED THOUSAND DOLLARS ($1,200,000), together with interest on the outstanding principal balance of this Promissory Note at the rate of the 6 month Karachi Interbank Offering Rate (KIBOR) plus 3%. Payment of principal on this Promissory Note, together with accrued interest, shall be made to Holder at the office of Holder, or at such other place as Holder may from time to time designate in writing, on or before October 1, 2007. Interest shall be paid in advance for each quarter commencing October 4, 2006, based on the KIBOR rate as of October 1, 2006.
FIRST CLARIFYING AMENDMENT TO SHARE PURCHASE AGREEMENTShare Purchase Agreement • December 18th, 2006 • En Pointe Technologies Inc • Wholesale-computers & peripheral equipment & software
THIS FIRST CLARIFYING AMENDMENT TO SHARE PURCHASE AGREEMENT (this “First Amendment”) is made and entered into to be effective as of October 1, 2006, by and among En Pointe Technologies, Inc., a Delaware corporation (“Purchaser”) and Omar Saeed and Arif Saeed (the “Shareholders”), joint owners of the entire shareholdings of Ovex Technologies (Pvt.) Limited and Ovex Technologies Pakistan Limited, both companies incorporated under the laws of Pakistan (the “Companies”).
