Exhibit 2.1
[FTU Letterhead]
July 20, 2001
Wachovia Corporation
000 Xxxxx Xxxx Xxxxxx
Xxxxxxx-Xxxxx, XX 00000
Attention: Xxxxxxx X. XxXxxxxxxx
Senior Executive Vice President
and General Counsel
Ladies and Gentlemen:
This letter confirms our amendment of the Agreement and Plan of
Merger, dated as of April 15, 2001 and amended and restated, between you and us
(the "Agreement").
If either your or our shareholders fail to approve the plan of merger
contained in the Agreement at the Wachovia Meeting (as defined in the Agreement)
or the First Union Meeting (as defined in the Agreement), as applicable, we
agree that either of us may terminate the Agreement by written notice to the
other in accordance with Section 9.06 of the Agreement. Any such termination
will constitute termination pursuant to Section 8.01(a) of the Agreement and
will be subject to Section 8.02 of the Agreement.
This letter will operate to amend the Agreement on your acceptance.
Except as expressly set forth herein, the Agreement shall continue in full force
and effect in accordance with its terms.
First Union Corporation
By: /s/ Xxxx X. Xxxxxxx
-------------------------------
Xxxx X. Xxxxxxx
Executive Vice President,
Secretary and General Counsel
-2-
Wachovia Corporation
July 20, 2001
Accepted:
Wachovia Corporation
By: /s/ Xxxxxxx X. XxXxxxxxxx
---------------------------
Xxxxxxx X. XxXxxxxxxx
Senior Executive Vice President
and General Counsel
