1
EXHIBIT 10.2
AMENDMENT NO. 1 TO
INVESTMENT AGREEMENT
This Amendment No. 1 to Investment Agreement (the "Amendment") is
entered into as of September 20, 2001, by and between eMerge Interactive, Inc.,
a Delaware corporation ("eMerge") and Allflex Holdings, Inc., a Delaware
corporation ("Allflex").
RECITALS
A. eMerge and Allflex entered into that certain Investment
Agreement, dated as of August 29, 2001 (the "Investment Agreement"), whereby
eMerge agreed to issue and sell, and Allflex agreed to purchase from eMerge,
certain shares of eMerge Class A common stock, par value $0.008 per share.
B. Section 14(f) of the Investment Agreement allows the
Investment Agreement to be amended by a writing executed by authorized
representatives of both parties.
C. eMerge and Allflex desire to amend the Investment Agreement as
set forth below.
AGREEMENT
1. Amendment of Section 1(b). Section 1(b) of the Investment
Agreement is hereby amended to replace the date of September 20, 2001 as it
appears in the first and second sentences of Section 1(b) with the date of
September 27, 2001.
2. Ratification of Investment Agreement. Except as specified
above, all other terms of the Investment Agreement remain unchanged and are
ratified and confirmed. All references to "this Agreement" or "the Agreement"
appearing in the Investment Agreement shall be deemed to refer to the Investment
Agreement as amended by this Amendment.
3. Governing Law. This Amendment shall be governed by, and
construed in accordance with, the laws of the State of Delaware, excluding those
laws that direct the application of the laws of another jurisdiction.
4. Counterparts. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute but are agreement,
and any of the parties hereby may execute this Amendment by signing any such
counterpart.
5. Effective Date. This Amendment shall be effective as of the
date first above written.
2
IN WITNESS WHEREOF, the parties to this Amendment have executed this
Amendment as of the as of the date first set forth above.
EMERGE INTERACTIVE, INC.
By: /s/ Xxxxx X. Xxxxxx
---------------------------
Name: Xxxxx X. Xxxxxx
Title: Chief Executive Officer
ALLFLEX HOLDINGS, INC.
By: /s/ Xxxxxx xx Xxxxxx
---------------------------
Name: Xxxxxx xx Xxxxxx
Title: Chief Executive Officer
2
