AMENDMENT NO. 2 TO PLAN OF REORGANIZATION
THIS AMENDMENT to that certain Agreement and Plan of Reorganization made
and entered into on the 6th day of November 1996 (the "Agreement"), by and
between ANTARES RESOURCES CORPORATION, a New York corporation with its
principal place of business located at 0000 Xxxxxxxx Xxxx, Xxxxxxxxxx Xxxxx,
Xxxxxxx 00000 ("ARC") and UNITED KINA BREWING GROUP, LTD., a Bermuda
corporation with its principal place of business located at 00xx Xxxxx,
Xxxxxxx Xxxxx, Xxxxxxx, Xxxx Xxxx ("Kina"), who hereby agree to amend the
specific provisions of the Agreement included hereinbelow as follow:
Section 3.5 (a)(iv), as amended, is hereby again amended to read as
follows:
(iv) the Closing does not take place by the close of business on or
before November 27, 1996, this Agreement shall be cancelled and void, unless
the Closing date is extended by the mutual consent of the parties hereto in
writing.
Section 3.8, as amended, is hereby again amended to read as follows:
Section 3.8 Effective Date. The parties hereto hereby agree that the
Effective Date of the transaction proposed herein shall be 5:00 P.M. Pacific
Time on November 27, 1996, unless the parties agree otherwise, in writing.
DATED this 6th day of November, 1996.
IN WITNESS WHEREOF, the corporate parties hereto have caused this
Amendment to the Agreement to be executed by their respective officers,
hereunto duly authorized, and entered into as of the date first above written.
ANTARES RESOURCES CORPORATION
ATTEST:
By: /s/ Xxxxxxx X. Xxxxx
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Secretary or Xxxxxxx X. Xxxxx, President
Assistant Secretary
ATTEST: UNITED KINA BREWING GROUP, LTD.
By: /s/ Xxxxxxxx Xxx
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Secretary or Xxxxxxxx Xxx, President
Assistant Secretary
