AMENDMENT TO AGREEMENT AND PLAN OF MERGER
AMENDMENT TO
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER
THIS AMENDMENT, dated as of July 10, 2006 (this "Amendment"), amends that certain Agreement
and Plan of Merger, dated as of June 3, 2006 (the “Agreement”), by and among AMERICAN MEDICAL
SYSTEMS HOLDINGS, INC., a Delaware corporation (“Parent”), XXXXXX MERGER CORP., a California
corporation and an indirect subsidiary of Parent (“Merger Sub”), and LASERSCOPE, a California
corporation (the “Company”). Capitalized terms used in this Amendment and not otherwise defined
herein have the meaning given in the Agreement.
WHEREAS, the respective Boards of Directors of each of the Company, Parent, and Merger Sub
deem it advisable and in the best interests of their respective companies and shareholders to
extend the initial term of the Offer, to correct the definition of the Revised Minimum Condition
consistent with the desired treatment of the Merger under Section 1101 of the CGCL and to waive
certain conditions to the Offer during the extension effected hereby
NOW, THEREFORE, in consideration of the premises, and of the representations, warranties,
covenants and agreements contained herein, and intending to be legally bound hereby, the parties
hereto hereby agree as follows:
1. Extension of Initial Offer Period. The second sentence of Section 1.1(d) of the
Agreement is amended in its entirety to provide as follows:
“The Offer shall initially be scheduled to expire at 12:00 midnight Central
time on the date that is the 25th Business Day after the commencement date of the
Offer.”
2. Definition of Revised Minimum Condition. The definition of “Revised Minimum
Condition” contained in Section 1.1(e) of the Agreement is amended to mean “49.9% of the total
number of shares of Company Common Stock outstanding at the expiration of the Offer.”
3. Waived Condition; Officer Certificate. The conditions to the Offer set forth in
paragraphs (a), (b), (c) and (h) of Annex I to the Agreement (the “Waived
Conditions”) are hereby waived by Parent and Merger Sub with respect to any facts or
circumstances arising or existing during the period of time beginning immediately after 12:00
midnight, Central time, on July 12, 2006, and ending at 12:00 midnight, Central time, on July 19,
2006 (the “Extension Period”), and the certificate required by paragraph (d) of Annex
I to the Agreement (the “Officer Certificate”) shall be dated as of July 12, 2006;
provided, however, if the Offer is extended in accordance with the terms of the
Agreement beyond 12:00 midnight, Central time, on July 19, 2006, such wavier will not apply with
respect to any facts or circumstances arising at any time thereafter, and the Officer Certificate
shall be dated as of the scheduled expiration date of the Offer as so extended. For the avoidance
of doubt, nothing in this Amendment shall be deemed to be a waiver of any Waived Conditions first
existing prior to 12:00 midnight, Central time, on July 12, 2006. Parent and Merger Sub also waive
their right to terminate the Agreement pursuant to Section 10.1(e) thereof during the Extension
Period; provided, however, if the Offer is extended in accordance with the terms of
the Agreement beyond 12:00 midnight, Central time,
on July 19, 2006, such waiver will not apply to any facts or circumstances arising at any time
thereafter.
4. Effect of Amendment. In the event of any conflict or inconsistency between the
terms of this Amendment and the terms of the Agreement, the terms of this Amendment will control.
Except to the extent expressly modified herein or in conflict with the terms of this Amendment, the
terms of the Agreement shall remain in full force and effect.
[Remainder of Page Left Blank Intentionally]
IN WITNESS WHEREOF, Parent, Merger Sub and the Company have caused this Amendment to be
executed by their respective officers hereunto duly authorized as of the date first above written.
AMERICAN MEDICAL SYSTEMS HOLDINGS, INC. |
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By: | /s/ Xxxxxx X. Xxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxx | |||
Title: | President and Chief Executive Officer | |||
XXXXXX MERGER CORP. |
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By: | /s/ Xxxxxx X. Xxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxx | |||
Title: | President and Chief Executive Officer | |||
LASERSCOPE |
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By: | /s/ Xxxxx Xxxxxxxx | |||
Name: | Xxxxx Xxxxxxxx | |||
Title: | Vice President, Legal Affairs and Business Development | |||
SIGNATURE PAGE TO AMENDMENT TO AGREEMENT AND PLAN OF MERGER