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EXHIBIT 10.2
FIRST AMENDMENT
TO
AGREEMENT AND PLAN OF REORGANIZATION
This First Amendment (this "Amendment") is dated as of June 16, 1999, and
is made to the Agreement and Plan of Reorganization, dated as of January 21,
1999 (the "Original Agreement"), among FSI International, Inc., a Minnesota
corporation ("Parent"), BMI International, Inc., a Minnesota corporation and
wholly owned subsidiary of Parent, and YieldUP International Corporation, a
Delaware corporation ("YieldUP").
Whereas, Section 2.01(c) of the Original Agreement currently provides an
incorrect dollar amount to be paid to former YieldUP stockholders in lieu of the
issuance of fractional shares of Parent Common Stock;
Whereas, Section 8.01(b) of the Original Agreement currently provides that
either Parent or YieldUP may terminate the Original Agreement if the Merger
shall not have been consummated within 150 days of January 21, 1999; and
Whereas the parties to the Original Agreement desire to amend that
agreement to revise Sections 2.01(c) and 8.01(b) thereof.
Now, therefore, the parties hereby agree to amend the Original Agreement as
follows:
1. Fractional Shares. The reference in Section 2.01(c) of the Original
Agreement to "$1.8806" is hereby amended to read "$12.00."
2. Termination Date. Section 8.01(b) of the Original Agreement is hereby
amended and restated in its entirety to read as follows:
(b) by either Parent or YieldUP by action of its Board of Directors
if the Merger shall not have been consummated on or before August
31, 1999 (provided that the right to terminate this Agreement
under this Section 8.01(b) shall not be available to a party
whose failure to fulfill any obligation under this Agreement has
been the cause of or resulted in the failure of the Merger to
occur on or before such date);
3. Defined Terms. All capitalized terms used but not defined in this
Amendment have the meanings given them in the Original Agreement. All references
in the Original Agreement to "this Agreement" mean the Original Agreement as
amended by this Amendment.
4. Continuing Effect. Except as modified by this Amendment, the Original
Agreement remains in full force and effect, without change.
In witness whereof, the parties have caused this Amendment to be signed by
their respective officers thereunto duly authorized as of the date first written
above.
FSI INTERNATIONAL, INC.
By: Xxxxx X. Sand
Its: Chief Administrative Officer
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BMI INTERNATIONAL, INC.
By: Xxxxx X. Sand
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Its: Chief Administrative Officer
YIELDUP INTERNATIONAL CORPORATION
By: Xxx Xxxxxxxx
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Its: President and CEO
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