Exhibit 2.01
AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER
THIS AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER (this
"Amendment"), dated as of September 25, 2006, by and among FMFG
OWNERSHIP, INC., a Delaware corporation ("Parent"), FMFG ACQUISITIONCO, INC.,
a New Jersey corporation and wholly-owned subsidiary of Parent ("Merger Sub")
and FIRST MONTAUK FINANCIAL CORPORATION, a New Jersey corporation (the
"Company").
WHEREAS, Parent , Merger Sub and the Company are parties to that
certain Agreement and Plan of Merger, dated as of May 5, 2006 (the "Merger
Agreement");
WHEREAS, pursuant to Section 10.11 of the Merger Agreement, the parties
desire to amend the Merger Agreement as provided in this Amendment; and
WHEREAS, the respective Boards of Directors of Parent, Merger Sub and
the Company have approved this Amendment and the other transactions contemplated
hereby; and
NOW, THEREFORE, in consideration of the foregoing and the mutual
agreements contained in this Amendment, and for other good and valuable
consideration, the receipt and sufficient of which are hereby acknowledged,
intending to be legally bound, the parties hereto agree as follows:
Section 1. Amendment to Section 8.01. Termination or Abandonment.
Section 8.01(b)(i) of the Merger Agreement is hereby amended by deleting
"October 31, 2006" and replacing it with "December 31, 2006".
Section 2. General Provisions.
(a) Modification; Full Force and Effect. Except as expressly
modified and superseded by this Amendment, the terms, representations,
warranties, covenants and other provisions of the Merger Agreement are and shall
continue to be in full force and effect in accordance with their respective
terms.
(b) References to the Merger Agreement. After the date
hereof, all references to "this Agreement," "the transactions contemplated by
this Agreement," "the Merger Agreement" and phrases of similar import, shall
refer to the Merger Agreement as amended by this Amendment (it being understood
that all references to the date hereof or the date of this Agreement shall
continue to refer to May 5, 2006).
(c) Definitions. Capitalized terms used but not defined
herein shall have the meanings ascribed to such terms in the Merger Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be signed by their respective officers thereunto duly authorized,
all as of the date first written above.
FIRST MONTAUK FINANCIAL
CORP., as the Company
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
President and Chief Executive
Officer
FMFG OWNERSHIP, INC., as Parent
By: /s/ Xxxxxx X. Xxxx
----------------------------------
Xxxxxx X. Xxxx
President and Chief Executive
Officer
FMFG ACQUISITIONCO, INC., as
Merger Sub
By: /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
President and Chief Executive
Officer
