AMENDMENT TO AGREEMENT AND PLAN OF MERGER
Exhibit
10.2
AMENDMENT
TO AGREEMENT
AND
PLAN
OF MERGER
This
Amendment (“Amendment”) to Agreement and Plan of Merger dated as of March 10,
2008 among Xxxxx International, Inc., a Nevada corporation, (“Xxxxx”), Xxxxx
Merger Sub, Inc. (“Merger Sub”) and Xxxxx Xxxxxx, on the one hand; and Pro
Sports & Entertainment, Inc. (the “Company”), on the other hand, is made
with reference to the following:
A. The
parties to this Amendment (the “Parties”) entered into an Agreement and Plan of
Merger dated as of August 20, 2007 (the “Merger Agreement”).
B. The
Parties with to amend the Merger Agreement to change the number of shares being
issued to the shareholders of the Company
NOW
THEREFORE, the Parties hereby amend the Merger Agreement as
follows:
1. Section
2.6(a) is hereby amended by changing “53,146,359” for “36,000,000” and “90%” for
“85.22%” and deleting the word “possible” before “conversion.”
2. Section
4.2 is hereby amended by deleting the phrase “except for the Convertible Note
which Note may be convertible into 6,000,000 shares of the Common Stock of
Xxxxx.”
3. Section
3.2(a) is hereby amended by changing “thirteen million three hundred and eighty
four thousand three hundred and fifty nine (13,384,359)” to “thirteen million
eight hundred and eighty three thousand and forty three
(13,883,043).”
4. Section
8.7 is hereby amended by changing “6,000,000” to “5,836,651.”
5. There
shall be added to Article VII a new Section 8.12 as follows:
8.12 Cancellation
of Shares.
84,000
shares of the outstanding shares of Xxxxx shall have been
cancelled.
6. In
all
other respects, the Merger Agreement shall remain in full force and
effect.
IN
WITNESS WHEREOF, the Parties have executed this Amendment as of the day and
year
first above written.
Xxxxx
International, Inc.
a
Nevada Corporation
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By: | ||
Name:
Xxxxx Xxxxxx
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Title:
President
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Xxxxx
Merger Sub, Inc.
a
California Corporation
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By: | ||
Name:
Xxxxx Xxxxxx
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Title:
President
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Pro
Sports and Entertainment, Inc., a
California
Corporation
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By: |
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Name:
Xxxx
Xxxxxx
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Title:
President
&
Chief
Executive Officer
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Xxxxx
Xxxxxx
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