Exhibit 2
AMENDMENT NO. 1 TO AGREEMENT REGARDING ANNUAL MEETING
Amendment No. 1 to Agreement regarding Annual Meeting (this
"Amendment") dated as of April 1, 2004 between Wynnefield Capital, Inc., a
Delaware corporation ("WCI"), and Sylvan Inc., a Nevada corporation (the
"Company").
BACKGROUND
A. WCI and the Company are parties to that certain Agreement dated as
of December 15, 2003 (the "Agreement") relating to, among other things, the
Company's 2004 annual meeting of stockholders. Capitalized terms used herein and
not defined are used as defined in the Agreement.
B. WCI and the Company desire to amend the Agreement as set forth
herein.
NOW THEREFORE, the parties agree as follows:
1. Section 1(a). Section 1(a) of the Agreement is hereby amended by
deleting "May 26, 2004" each time it appears and replacing it with "July 12,
2004".
2. Sections 1(c) and 1(d). Each of Sections 1(c) and 1(d) of the
Agreement is hereby amended by deleting "May 27, 2004" each time it appears and
replacing it with "July 13, 2004".
3. Effect. Except to the extent expressly set forth in this Amendment,
all the terms and conditions of the Agreement shall remain in full force and
effect and all such terms are hereby ratified and confirmed in all respects.
This Amendment is limited as specified and shall not constitute a modification,
acceptance or waiver of any other provision of the Agreement.
4. Counterparts. This Amendment may be signed in any number of
counterparts and via facsimile with the same effect as if the signature to each
counterpart were upon a single instrument. All counterparts shall be deemed an
original of this Amendment.
5. Governing Law. This Amendment, in all respects, shall be
interpreted, enforced and governed by and under the laws of the State of New
York, excluding conflict of law principles, as they exist on the date that this
Amendment is fully executed by the parties.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the date first written above.
SYLVAN INC.
By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
Title: Secretary/Treasurer
WYNNEFIELD CAPITAL, INC.
By: /s/ Xxxxxx Xxxx
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Name: Xxxxxx Xxxx
Title: President
