Amendment to Section 2.3 of the Agreement. Section 2.3 of the Agreement is hereby amended and restated in its entirety as follows: “Holders of Registrable Securities. Each of the following shall be deemed to be a Stockholder: (a) any Person owning of record Registrable Securities, or holding an option to purchase, or a security convertible into or exercisable or exchangeable for, Registrable Securities, whether or not such acquisition or conversion has actually been effected, and (b) with respect to any shares of Class A Common Stock issued or issuable pursuant to the TWNY Exchange or the High Vote-Low Vote Exchange, whether held or to be held by AOLTW or its Affiliates or to be transferred to AOLTW pursuant to the Separation Agreement, AOLTW. If the Issuer receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Issuer may act upon the basis of the instructions, notice or election received from
Amendment to Section 2.3 of the Agreement. The first sentence of Section 2.3 of the Agreement is hereby amended and restated in its entirety as follows: “As security for CyberDefender's prompt payment of any amounts owing to GRM under Sections 2.2, 2.4 or 2.5 (the “Payment Obligations”), CyberDefender has granted to GRM a security interest and lien in any proceeds held in the Merchant Service Account, including, without limitation, any settlement accounts and/or reserve accounts held in connection therewith, and any rights to receive credits or payments under any merchant services agreement or other similar agreement relating to the Merchant Services Account.”
Amendment to Section 2.3 of the Agreement. Section 2.3 of the Agreement is hereby amended and restated in its entirety to read as follows:
