{"id":38519,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/amendment-to-stock-purchase-agreement-gap.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"amendment-to-stock-purchase-agreement-gap","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/amendment-to-stock-purchase-agreement-gap.html","title":{"rendered":"Amendment to Stock Purchase Agreement – Gap"},"content":{"rendered":"

Exhibit 10.6 <\/strong><\/p>\n

AMENDMENT TO STOCK PURCHASE AGREEMENT <\/strong><\/p>\n

Amendment dated as of February 1, 2010 to STOCK PURCHASE AGREEMENT dated as
\nof November 17, 2009 (the “Stock Purchase Agreement<\/strong>“) between
\nThe Gap, Inc., a Delaware corporation (the “Company”<\/strong>) and
\nRobert J. Fisher (“Fisher”<\/strong> and, together with any revocable
\nfamily trust through which Fisher beneficially owns common stock of the Company,
\n“Seller”<\/strong>). Initially capitalized terms used herein but not
\ndefined herein shall have the meaning assigned to such terms in the Stock
\nPurchase Agreement.<\/p>\n

WITNESSETH: <\/strong><\/p>\n

WHEREAS, the parties to this Amendment entered into the Stock Purchase
\nAgreement in connection with the Company153s share repurchase agreement authorized
\nby the Board of Directors of the Company on November 17, 2009; and<\/p>\n

WHEREAS, the parties to the Stock Purchase Agreement desire to amend such
\nagreement to provide for its termination in the event of the death of Fisher;
\nand<\/p>\n

WHEREAS in consideration of the above recitals and of the mutual agreements
\nand covenants contained in this Agreement, the Company and the Seller intending
\nto be bound legally, each agree as follows:<\/p>\n

ARTICLE 1<\/p>\n

Section 1.1. Section 7.1 Termination. is hereby amended to add a new clause
\n(g) to Section 7.1 as follows:<\/p>\n

(g) notwithstanding Section 7.1(b), pursuant to written notice by the
\nsuccessor or executor of the estate of Fisher of the death of Fisher, such
\ntermination to be effective immediately upon delivery of notice thereof.<\/p>\n

Section 1.2. Section 7.1 Termination. is hereby amended to revise the
\nultimate sentence and add a new ultimate sentence to Section 7.1 as follows:\n<\/p>\n

The party desiring to terminate this Agreement pursuant to clauses (b), (c),
\n(d), (e) or (g) above shall give written notice of such termination to the other
\nparty.<\/p>\n

In clarification of the foregoing, in the event of a termination pursuant to
\nclauses (c) through (g) hereof, there shall be no further settlement of Acquired
\nShares in respect of any purchases pursuant to the Program (whether for a prior
\nmonth or the period in which the termination event occurs), and no Closing for
\nAcquired Shares shall follow any such termination of this Agreement.<\/p>\n<\/p>\n

\n

ARTICLE 2<\/p>\n

Miscellaneous<\/p>\n

Section 2.1. Effect.<\/em> Except as amended by this Amendment, the Stock
\nPurchase Agreement shall remain in full force and effect.<\/p>\n

Section 2.2. Governing Law<\/em>. This Amendment shall be governed by and
\nconstrued in accordance with the law of the State of California (without regard
\nto principles of conflicts of laws).<\/p>\n

Section 2.3. Counterparts; Third Party Beneficiaries<\/em>. This Agreement
\nmay be signed in any number of counterparts, each of which shall be an original,
\nwith the same effect as if the signatures thereto and hereto were upon the same
\ninstrument. This Agreement shall become effective when each party hereto shall
\nhave received a counterpart hereof signed by the other party hereto. No
\nprovision of this Agreement is intended to confer upon any Person other than the
\nCompany or Seller any rights or remedies hereunder.<\/p>\n

Section 2.4. Entire Agreement<\/em>. The Agreement, as amended by this
\nAmendment, constitutes the entire agreement between the parties with respect to
\nthe subject matter of this Agreement and supersedes all prior agreements and
\nunderstandings, both oral and written, between the parties with respect to the
\nsubject matter of this Agreement.<\/p>\n

Section 2.5. Captions<\/em>. The captions herein are included for
\nconvenience of reference only and shall be ignored in the construction or
\ninterpretation hereof.<\/p>\n

[remainder of page intentionally left blank] <\/em><\/p>\n<\/p>\n

\n

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
\nexecuted by their respective authorized officers as of the day and year first
\nabove written.<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

THE GAP, INC.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

By:<\/p>\n<\/td>\n

<\/td>\n\n

\/s\/ Jennifer Cho<\/p>\n<\/td>\n<\/tr>\n

\n

Name:<\/p>\n<\/td>\n

<\/td>\n\n

Jennifer Cho<\/p>\n<\/td>\n<\/tr>\n

\n

Title:<\/p>\n<\/td>\n

<\/td>\n\n

Vice President and Treasurer<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

ROBERT J. FISHER<\/p>\n<\/td>\n<\/tr>\n

\n

(on behalf of himself and on behalf of Seller)<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

By:<\/p>\n<\/td>\n

<\/td>\n\n

\/s\/ Robert J. Fisher<\/p>\n<\/td>\n<\/tr>\n

\n

Name:<\/p>\n<\/td>\n

<\/td>\n\n

Robert J. Fisher<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7600],"corporate_contracts_industries":[9494],"corporate_contracts_types":[9539,9542],"class_list":["post-38519","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-gap-inc","corporate_contracts_industries-retail__clothing","corporate_contracts_types-compensation","corporate_contracts_types-compensation__deferred"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38519"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38519"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38519"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}