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AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER BY AND AMONG BEVERAGE NETWORK OF MARYLAND, INC. XSTREAM BEVERAGE NETWORK, INC. GLOBAL MERGER CORP. AND GLOBAL BEVERAGE SOLUTIONS, INC

Agreement and Plan of Merger

AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER BY AND AMONG BEVERAGE NETWORK OF MARYLAND, INC. XSTREAM BEVERAGE NETWORK, INC. GLOBAL MERGER CORP. AND GLOBAL BEVERAGE SOLUTIONS, INC | Document Parties: Global Beverage Solutions, Inc | Global Merger Corp | Maryland, Inc | XStream Beverage Network, Inc You are currently viewing:
This Agreement and Plan of Merger involves

Global Beverage Solutions, Inc | Global Merger Corp | Maryland, Inc | XStream Beverage Network, Inc

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Title: AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER BY AND AMONG BEVERAGE NETWORK OF MARYLAND, INC. XSTREAM BEVERAGE NETWORK, INC. GLOBAL MERGER CORP. AND GLOBAL BEVERAGE SOLUTIONS, INC
Governing Law: Florida     Date: 3/2/2007

AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER BY AND AMONG BEVERAGE NETWORK OF MARYLAND, INC. XSTREAM BEVERAGE NETWORK, INC. GLOBAL MERGER CORP. AND GLOBAL BEVERAGE SOLUTIONS, INC, Parties: global beverage solutions  inc , global merger corp , maryland  inc , xstream beverage network  inc
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EXHIBIT 2.2

AMENDMENT NO. 1

TO THE

AGREEMENT AND PLAN OF MERGER

BY AND AMONG

BEVERAGE NETWORK OF MARYLAND, INC.

XSTREAM BEVERAGE NETWORK, INC.

GLOBAL MERGER CORP.

AND

GLOBAL BEVERAGE SOLUTIONS, INC.


This AMENDMENT NO. 1 (“ Amendment ”), dated February 23, 2007, is entered into by and among Beverage Network of Maryland, Inc., a Florida corporation, XStream Beverage Network, Inc., a Nevada corporation, Global Beverage Solutions, Inc., a Nevada corporation, and Global Merger Corp., a Nevada corporation, for the purpose of amending the terms of that certain Agreement and Plan of Merger, dated January 31, 2007 (the “ Merger Agreement ”).


WHEREAS, the parties have heretofore agreed to amend the Merger Agreement with respect to the repayment of the Note; and


NOW, THEREFORE, in accordance with Section 9.1 of the Merger Agreement and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto amend the Merger Agreement and agree as follows:


1.

All capitalized terms not defined herein shall have the same meaning ascribed to them in the Merger Agreement.


2.

Section 2.6(ii) of the Merger Agreement is hereby replaced in its entirety as follows:


 “(ii)

Two Million Dollars ($2,000,000) in the form of a secured promissory note substantially in the form of Exhibit B hereto (the “ Note ”) of which (A) Two Hundred and Twenty Nine Thousand Dollars ($229,000) sh


 
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