Signature Page Follows]
EXHIBIT
2.1
THIRD
AMENDMENT TO AGREEMENT AND PLAN OF MERGER
THIS THIRD AMENDMENT, dated as of March
31, 2008 (this “Third
Amendment”), amends the Agreement and Plan of Merger, dated as of May 25,
2007 (the “Merger
Agreement”), by and among Virium Pharmaceuticals Inc., a New York
corporation (the “Company”), REIT Americas,
Inc., a Maryland corporation (“RAI”), Virium Pharmaceuticals,
Inc., a Delaware corporation and direct, wholly-owned subsidiary of RAI (“Pharmaceuticals”) and Virium
Merger Sub, Inc., a Delaware corporation and direct, wholly-owned subsidiary of
Pharmaceuticals (“Merger
Sub”). Terms not otherwise defined herein which are defined in
the Merger Agreement shall have the same respective meanings herein as
therein.
WHEREAS, the parties have agreed to
modify certain terms and conditions of the Merger Agreement as specifically set
forth in this Third Amendment.
NOW, THEREFORE, in consideration of the
mutual agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:
I. Amendments to the Merger
Agreement.
1. Section
7.1(b) of the Merger Agreement is hereby deleted in its entirety and replaced
with the following:
“(b) by either the Company
or Parent, by written notice to the other if, for any reason, the Closing has
not occurred prior to the close of business on or before April 30, 2008;
provided, however, that (i) the right to terminate this Agreement pursuant to
this Section 7.1(b) shall not be available to the Company or Parent, as
applicable, if the party seeking to terminate the Agreement is responsible for
the delay;”
II. Ratification,
Etc. Except as expressly amended hereby, all terms and
conditions of the Merger Agreement, as amended, are hereby ratified and
confirmed in all respects and shall continue in full force and
effect. All references to the Merger Agreement shall hereafter refer
to the Merger Agreement, as amended hereby.
III. Counterparts. This
Third Amendment may be executed in two or more counterparts, each of which shall
be deemed an original but which together shall constitute one and the same
instrument. The executed signature pages hereto may be delivered by
facsimile or other means of electronic image transmission, such a copy of any
signature page hereto shall have the same force an effect as an original
thereof.
IV. Governing
Law. This Third Amendment shall be governed by, and construed
in accordance with, the laws of the State of New York (without reference to
principles of conflict of laws).
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IN WITNESS WHEREOF, the parties hereto
have executed this Third Amendment as a document under seal as of the date first
above written.
Virium Pharmaceuticals Inc. | ||
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By: |
/s/
Xxxxx Xxxxxxxx
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Name:
Xxxxx Xxxxxxxx
Title:
President & CEO
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REIT Americas, Inc. | ||
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By: |
/s/
F. Xxxx Xxxxxxx
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Name:
F. Xxxx Xxxxxxx
Title:
President
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Virium Pharmaceuticals, Inc.
(Delaware)
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By: |
/s/
F. Xxxx Xxxxxxx
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Name:
F. Xxxx Xxxxxxx
Title:
President
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Virium Merger Sub, Inc. | ||
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By: |
/s/
F. Xxxx Xxxxxxx
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Name:
F. Xxxx Xxxxxxx
Title:
President
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