EXHIBIT B
AMENDMENT NO.1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO.1, dated as of June 8, 2007 (hereinafter called this
"Amendment"), to that certain Agreement and Plan of Merger (the "Agreement and
Plan of Merger"), dated as of May 15, 2007, among 21st Century Insurance Group,
a Delaware corporation (the "Company"), American International Group, Inc., a
Delaware corporation ("Parent"), and AIG TW Corp., a Delaware corporation and a
wholly owned subsidiary of Parent ("Merger Sub"). Capitalized terms used but not
otherwise defined in this Amendment shall have the respective meanings ascribed
to them in the Agreement and Plan of Merger.
RECITALS
WHEREAS, the Company, Parent and Merger Sub desire to make a certain
amendment to the Agreement, pursuant to Section 9.2 of the Agreement and Plan of
Merger;
NOW, THEREFORE, in consideration of the premises and agreements contained
herein, the parties hereto agree as follows:
1. Section 7.2(d) of the Agreement and Plan of Merger is hereby amended
and restated in its entirety to read as follows:
Governmental Consents. All Company Approvals, Parent Approvals and
Governmental Consents shall have been obtained or made, and shall have been
obtained without the imposition of any term, condition or consequence the
acceptance of which would constitute an Adverse Condition.
2. This Amendment may be executed in any number of counterparts, each such
counterpart being deemed to be an original instrument, and all such counterparts
shall together constitute the same agreement.
[Signature Page Follows]
IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by
the duly authorized officers of the parties hereto as of the date first written
above.
21ST CENTURY INSURANCE GROUP
By: /s/ Xxxxxxx X. Xxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxx
Title: Senior Vice President, Secretary and
General Counsel
AMERICAN INTERNATIONAL GROUP, INC.
By: /s/ Xxxxx X. Xxxxxxxxx
Name: Xxxxx X. Xxxxxxxxx
Title: Senior Vice President - Strategic Planning
AIG TW CORP.
By: /s/ Xxxxx X. Xxxxxxxxx
Name: Xxxxx X. Xxxxxxxxx
Title: President
[Amendment No.1 Signature Page]
