FIRST AMENDMENT OF THE AGREEMENT AND PLAN OF SHARE EXCHANGE FOR GOOD AND VALUABLE CONSIDERATIONS, the receipt and sufficiency of which is hereby acknowledged, the Agreement And Plan Of Share Exchange (the "Agreement"), made as of the 5th day of May,...
FIRST AMENDMENT OF THE AGREEMENT AND PLAN OF SHARE EXCHANGE
FOR GOOD AND VALUABLE CONSIDERATIONS, the receipt and sufficiency of which is
hereby acknowledged, the Agreement And Plan Of Share Exchange (the "Agreement"),
made as of the 5th day of May, 1998, by and among INNOVUS CORPORATION, a
Delaware corporation ("Innovus"), INTERMARK CORPORATION, a California
corporation ("Intermark"), and the securityholders of Intermark identified on
the signature pages hereto who execute this Agreement ("Exchanging
Securityholders"), is hereby amended as follows:
Section 7 of the Agreement is amended to define the term Termination Date
to mean July 20, 1998 for any and all purposes under each and every Section,
term or provision of the Agreement in which the term Termination Date appears.
The Agreement, as expressly amended hereby, shall continue in full force
and effect, on and subject to the terms of the Agreement, as hereby amended.
Except as expressly stated herein, the Agreement is not otherwise amended
hereby.
IN WITNESS WHEREOF, the parties hereto have entered into the foregoing
First Amendment of Agreement and Plan of Share Exchange as of the 17th day of
June, 1998.
INNOVUS CORPORATION, INTERMARK CORPORATION,
a Delaware corporation a California corporation
Xxxxx X. Xxxx Xxx Xxxxxxxxx
By:------------------------ By:-----------------------
Xxxxx X. Xxxx, Chief Executive Officer Xxx Xxxxxxxxx, Chief Executive
and President Officer
Xxxxx Xxxx T. Xxxxxxx Xxxx
By:----------------------- By:-----------------------
Xxxxx Xxxx, Chief Financial Officer T. Xxxxxxx Xxxx, Secretary
and Chairman of the Board
Xxxxx Xxxx
By:-----------------------
Xxxxx Xxxx, Vice President
[SIGNATURES CONTINUE ON NEXT PAGE]
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[AGREEMENT AND PLAN OF SHARE EXCHANGE: SIGNATURES CONTINUED FROM PRIOR PAGE]
EXCHANGING SECURITYHOLDERS
/s/ Xxx Xxxxxxxxx
--------------------------
Xxx Xxxxxxxxx, an individual
Number of Intermark
Common Shares: 960,000
Number of Intermark Options: 250,000
/s/ Xxxxx Xxxx
--------------------------
Xxxxx Xxxx, an individual
Number of Intermark
Common Shares: 960,000
Number of Intermark Options: 100,000
/s/ T. Xxxxxxx Xxxx
--------------------------
T. Xxxxxxx Xxxx, an individual
Number of Intermark
Common Shares: 960,000
Number of Intermark Options: 100,000
/s/ Xxxxx Xxxxx
--------------------------
Xxxxx Xxxxx, an individual
Number of Intermark
Common Shares: 120,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxx Xxxx
--------------------------
Xxx Xxxx, an individual
Number of Intermark
Common Shares: 35,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ XX X'Xxxxxx
--------------------------
XX X'Xxxxxx, an individual
Number of Intermark
Common Shares: 90,000
By: Xxx Xxxxxxxxx, attorney-in-fact
[SIGNATURES CONTINUE ON NEXT PAGE]
2
[AGREEMENT AND PLAN OF SHARE EXCHANGE: SIGNATURES CONTINUED FROM PRIOR PAGE]
/s/ Xxxxx Xxxxx
--------------------------
Xxxxx Xxxxx, an individual
Number of Intermark
Common Shares: 35,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxx
--------------------------
Xxxxx Xxx, an individual
Number of Intermark
Common Shares: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxxxxx Xxxxx
--------------------------
Xxxxxxxx Xxxxx, an individual
Number of Intermark
Common Shares: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxxxx
--------------------------
Xxxxx Xxxxxx, an individual
Number of Intermark
Common Shares: 12,500
Number of Intermark Options: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxxxx
--------------------------
Xxxx Xxxxx, an individual
Number of Intermark
Common Shares: 12,500
Number of Intermark Options: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxxxx
--------------------------
Xxxx Xxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 20,000
Number of Intermark Options: 60,000
By: Xxx Xxxxxxxxx, attorney-in-fact
[SIGNATURES CONTINUE ON NEXT PAGE]
3
[AGREEMENT AND PLAN OF SHARE EXCHANGE: SIGNATURES CONTINUED FROM PRIOR PAGE]
/s/ Xxxxxxxx X. Xxxxx
--------------------------
Xxxxxxxx X. Xxxxx, an individual
Number of Intermark
Common Shares: 60,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxxxxx
--------------------------
Xxxxx Xxxxxxx, an individual
Number of Intermark
Common Shares: 45,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxxxx Xxxxxxx
--------------------------
Xxxxxxx Xxxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 3,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxxxxxx
--------------------------
Xxxx Xxxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 5,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxxxxxxx
--------------------------
Xxxx Xxxxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible notes: 79,155
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxxxx
--------------------------
Xxxxx Xxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible notes: 55,000
By: Xxx Xxxxxxxxx, attorney-in-fact
[SIGNATURES CONTINUE ON NEXT PAGE]
4
[AGREEMENT AND PLAN OF SHARE EXCHANGE: SIGNATURES CONTINUED FROM PRIOR PAGE]
/s/ Xxx X'Xxxxxx
--------------------------
Xxx X'Xxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxxxx X. Xxxxx
--------------------------
Xxxxxxx X. Xxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 2,500
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxxx
--------------------------
Xxxxx Xxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 2,500
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxx Xxxxx
--------------------------
Xxxx Xxx Xxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible notes: 5,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxxxx
--------------------------
Xxxxx Xxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 5,000
By: Xxx Xxxxxxxxx, attorney-in-fact
[SIGNATURES CONTINUE ON NEXT PAGE]
5
[AGREEMENT AND PLAN OF SHARE EXCHANGE: SIGNATURES CONTINUED FROM PRIOR PAGE]
/s/ Xxxxxxx X. Vierila
--------------------------
Xxxxxxx X. Vierila, Trustee of the
Xxxxxxx X. Vierila Trust
Number of Intermark
Common Shares issuable under
convertible note: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxx
--------------------------
Xxxxx Xxxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxx
--------------------------
Xxxx Xxx, an individual
Number of Intermark
Common Shares issuable under
convertible note: 2,500
By: Xxx Xxxxxxxxx, attorney-in-fact
GLOBAL MARKETING PARTNERS, INC.
By: /s/ Xxxx Xxxxxxxx
--------------------------
Xxxx Xxxxxxxx, President
Number of Intermark
Common Shares: 6,000
By: Xxx Xxxxxxxxx, attorney-in-fact
NUTRIDATA
By: /s/ Xxxx Xxxxxx
-------------------------------
Xxxx Xxxxxx, President
Number of Intermark
Common Shares: 6,000
By: Xxx Xxxxxxxxx, attorney-in-fact
[SIGNATURES CONTINUE ON NEXT PAGE]
6
[AGREEMENT AND PLAN OF SHARE EXCHANGE: SIGNATURES CONTINUED FROM PRIOR PAGE]
/s/ Xxxx Xxxxxxxxxx
--------------------------
Xxxx Xxxxxxxxxx, an individual
Number of Intermark
Common Shares issuable under
convertible notes: 25,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxx Xxxxx
--------------------------
Xxxx Xxxxx, an individual
Number of Intermark Options: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
/s/ Xxxxx Xxxxxx
--------------------------
Xxxxx Xxxxxx, an individual
Number of Intermark
Common Shares: 10,000
By: Xxx Xxxxxxxxx, attorney-in-fact
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