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EXCEL - IDEA: XBRL DOCUMENT - LITHIA MOTORS INCFinancial_Report.xls
EX-32 - EXHIBIT 32.1 - LITHIA MOTORS INCex32-1.htm
EX-32 - EXHIBIT 32.2 - LITHIA MOTORS INCex32-2.htm
EX-31 - EXHIBIT 31.1 - LITHIA MOTORS INCex31-1.htm
EX-2 - EXHIBIT 2.1 - LITHIA MOTORS INCex2-1.htm
EX-31 - EXHIBIT 31.2 - LITHIA MOTORS INCex31-2.htm
10-Q - FORM 10-Q - LITHIA MOTORS INClad20140630_10q.htm

Exhibit 2.2

 

FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT

 

This FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (this “Amendment”), effective July 15, 2014, is made and entered into by and between Lithia Motors, Inc., an Oregon corporation (“Buyer”), and DCH Auto Group (USA) Limited, a British Virgin Islands corporation (“Seller”).

 

A.     Buyer and Seller entered into the Stock Purchase Agreement dated June 14, 2014 between Buyer and Seller (the “Agreement”). Any term capitalized but not defined in this Amendment shall have the meaning therefor set forth in the Agreement.

 

B.     Section 10.09 of the Agreement states that the Agreement may be amended by an agreement in writing signed by Buyer and Seller.

 

C.     Buyer and Seller wish to amend the Agreement as provided herein.

 

NOW, THEREFORE, in consideration of the premises and mutual agreements and covenants set forth herein, and intending to be legally bound hereby, Buyer and Seller agree as follows:

 

SECTION 1

AMENDMENTS TO AGREEMENT

 

1.01     Section 2. Section 2 of the Agreement is amended to replace the date July 15, 2014 therein with the date July 21, 2014.

 

1.02     Section 2.15. Section 2.15 of the Agreement is amended to replace the date July 15, 2014 therein with the date July 21, 2014.

 

1.03     Section 2.16(a) and (b). Section 2.16(a) and (b) of the Agreement are amended to replace the date July 15, 2014 therein with the date July 21, 2014.

 

1.04     Section 2.18(f). Section 2.18(f) of the Agreement is amended to replace the date July 15, 2014 therein with the date July 21, 2014.

 

1.05     Section 4.04(b). Section 4.04(b) of the Agreement is amended to replace the date July 15, 2014 therein with the date July 21, 2014.

 

1.06     Section 9.01(c). Section 9.01(c) of the Agreement is amended to replace the date July 15, 2014 therein with the date July 21, 2014.

 

1.07     Appendix I. The definition of “Disclosure Schedules” set forth in Appendix I of the Agreement is amended by replacing the date “July 15, 2014” therein with the date July 21, 2014.

 

 
 

 

  

SECTION 2

MISCELLANEOUS

 

2.01     References. All references in the Agreement to “Agreement,” “herein,” “hereof,” or terms of like import referring to the Agreement or any portion thereof are hereby amended to refer to the Agreement as amended by this Amendment.

 

2.02     Effect of Amendment. Except as and to the extent expressly modified by this Amendment, the Agreement shall remain in full force and effect in all respects.

 

2.03     Governing Law. This Amendment shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether the State of Delaware or any other jurisdiction) that would result in this Amendment being governed by or construed in accordance with the internal laws of any jurisdiction other than the State of Delaware.

 

2.04     Counterparts. This Amendment may be executed and delivered in several counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one agreement.

 

[SIGNATURE PAGES FOLLOW]

 

 
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The parties hereto have caused this Amendment to be executed as of the date first written above by their respective, duly authorized officers.

 

 

BUYER:

 

LITHIA MOTORS, INC.

 

 

By:                              

Name: Bryan DeBoer

Title: Chief Executive Officer

 

 
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The parties hereto have caused this Amendment to be executed as of the date first written above by their respective, duly authorized officers.

 

 

SELLER:

 

DCH AUTO GROUP (USA) LIMITED

 

 

By:                              

Name: Shau-Wai Lam

Title: Vice President