AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER
Execution Version
AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER ("Amendment"), dated as of August 31, 2012, among YouChange Holdings Corp, a Nevada corporation (YouChange"); You Change Merge Sub, a Delaware corporation and wholly owned subsidiary of YouChange ("YCMS"); and Earth911, Inc, a Delaware corporation ("Earth911").
RECITALS
WHEREAS, YouChange, YCMS, and Earth911 entered into that certain Agreement and Plan of Merger dated as of May 21, 2012, as amended by that certain Amendment No. 1 to Agreement and Plan of Merger, dated as of August 22, 2012 (collectively, the “Merger Agreement”);
WHEREAS, pursuant to Sections 6.2 and 7.6 of the Merger Agreement, the Merger Agreement may be modified or amended only by an agreement in writing duly executed by all parties thereto; and
WHEREAS, YouChange, YCMS, and Earth911 desire to amend the Merger Agreement as provided below.
NOW THEREFORE, in consideration of the foregoing premises and the mutual covenants and conditions set forth below, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties to this Amendment hereby agree as follows:
AMENDMENT
1. The last sentence of Section 6.3 is hereby amended and restated in its entirety to read as follows:
“This agreement shall be abandoned automatically if the Effective Time shall not have occurred on or before October 31, 2012, or such later date as shall have been mutually agreed to by the parties hereto under Section 6.2.”2. Except as
modified by this Amendment, the Merger Agreement shall remain in full force and effect in accordance with its terms.
3. This Amendment, and all questions relating to its validity, interpretation, performance, and enforcement, shall be governed by and construed in accordance with the laws of the state of Delaware, notwithstanding any Delaware or other conflict-of-law provisions to the contrary.
4. This Amendment may be executed in several counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument. Facsimile signatures shall be as effective as original signatures.
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