FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER
EXHIBIT
2.2
FIRST
AMENDMENT TO AGREEMENT AND PLAN OF MERGER
This
First Amendment (“Amendment”)
to the
Agreement and Plan of Merger (the “Merger
Agreement”),
dated
as of January 31, 2005, by and among MicroMed Technology, Inc., a Delaware
corporation (“MicroMed”),
on
the one hand, and Salmon Express, Inc., a publicly traded Nevada corporation
(“Salmon”),
Salmon Acquisition Corp., a Nevada corporation and wholly owned subsidiary
of
Salmon (“Merger
Sub”),
and
Xxxx Xxxxx, Sr., an individual stockholder of Salmon (the “Salmon
Stockholder”),
on
the other hand, is made and entered into to be effective for all purposes as
of
16th day of May, 2005. Capitalized terms used but not defined herein shall
have
the meanings ascribed to those terms in the Merger Agreement.
WHEREAS,
Salmon, Merger Sub, the Salmon Stockholder and MicroMed each determined to
engage in the Merger pursuant to which Merger Sub will merge with and into
MicroMed, with MicroMed being the surviving corporation, and the outstanding
shares of MicroMed shall be converted into shares of Salmon’s common stock in
the manner described in the Merger Agreement.
WHEREAS,
the parties still intend to consummate the transactions contemplated by the
Merger Agreement and to proceed to Closing.
WHEREAS,
the parties desire to amend certain sections of the Merger
Agreement.
NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained
herein and in reliance upon the representations and warranties hereinafter
set
forth, the parties hereto hereby agree as follows:
A. Amendment
of Section 6.2(a).
Section
6.2(a) of the Merger Agreement is hereby amended and restated in its entirety
as
follows:
“(a) the
Merger shall not have been consummated by July 31, 2005, whether such date
is
before or after the date of approval of the Merger by MicroMed’s shareholders
and Salmon’s stockholders (the “Termination Date”); or”
B. Full
Force and Effect.
Except
as expressly amended herein, all other terms and provisions of the Merger
Agreement remain in full force and effect and are hereby ratified and confirmed
in all respects.
C. Counterparts.
This
Amendment may be executed in one or more counterparts, each of which such
counterparts shall be deemed an original and all of which together shall
constitute one and the same Amendment.
D. Recitals.
The
Recitals hereto are hereby incorporated into this Amendment as if fully stated
herein.
[SIGNATURES
FOLLOW]
IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
written above.
MICROMED TECHNOLOGY, INC. | ||
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By: | /S/ XXXXXX X. XXXXX | |
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Name:
Xxxxxx X. Xxxxx Title: President and Chief Executive Officer |
SALMON EXPRESS, INC. | ||
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By: | /S/ XXXX XXXXX, SR. | |
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Name:
Xxxx Xxxxx, Sr. Title: President |
SALMON STOCKHOLDER | ||
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By: | /S/ XXXX XXXXX, SR. | |
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Name: Xxxx Xxxxx, Sr. |
SALMON ACQUISITION CORP. | ||
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By: | /S/ XXXX XXXXX, SR. | |
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Name:
Xxxx Xxxxx, Sr. Title: President |