EX-2.08(B) AMENDMENT AGREEMENT AND PLAN OF MERGER

EX-2.08(B) 3 g79587exv2w08xby.txt EX-2.08(B) AMENDMENT AGREEMENT AND PLAN OF MERGER EXHIBIT 2.08(b) October 10, 2002 Spire Capital Partners, L.P. Spire Investment, L.L.C. Waller-Sutton Media Partners, L.P. Other former stockholders of iNNERHOST, Inc. c/o Spire Capital Management 30 Rockefeller Plaza, Suite 4200 New York, NY 10112 Attention: Richard H. Patterson Re: Agreement and Plan of Merger dated as of August 30, 2002 by and among Interland, Inc., PantherCub Acquisition Corporation, iNNERHOST, Inc. (the "Company") and the former stockholders of the Company (collectively, the "Stockholders") Dear Stockholders: Capitalized terms used in this letter that are not otherwise defined shall have the meaning ascribed to such terms in the Merger Agreement. Based on the performance of the Company's business during the first two months of the Calculation Period, Interland hereby agrees to cause all of the Purchase Price to be deemed earned as of the date hereof, without forfeiture, so that the Investor Stockholders shall be entitled to retain all of the Forfeiture Shares and the Other Stockholders shall be entitled to retain all of the Forfeiture Cash. Interland shall cause the Stockholders' Representative to distribute the Forfeiture Cash to the Other Stockholders and the Forfeiture Shares to the Investor Stockholders on or before November 30, 2002 in accordance with the terms of the Merger Agreement. Accordingly, Section 2.7(b)(ii), Section 2.7(d), Section 2.7(f) and Sections 6.1 and 6.4 of the Merger Agreement are hereby terminated, the proviso in the last sentence of Section 2.7(b)(i) is hereby amended consistent with the previous sentence of this letter, and the term "Forfeiture Date," as used in Section 2.7(c)(iii)(B) shall mean the date hereof. Except as amended hereby, the Merger Agreement remains in full force and effect. Please acknowledge your acceptance and agreement with the terms of this letter by executing in the space provided below. A facsimile of your signatures on this letter shall have the same legal effect as an original thereof, and multiple counterparts of your acknowledgements to this letter shall be deemed to constitute one original agreement. Very truly yours, INTERLAND, INC. By: /s/ Allen L. Shulman ---------------------------- Name: Allen L. Shulman -------------------------- Title: General Counsel V.P. and Corporate Secretary ------------------------ iNNERHOST, INC. By: /s/ Allen L. Shulman ---------------------------- Name: Allen L. Shulman -------------------------- Title: President ------------------------- Acknowledged and agreed to this ____ day of October, 2002: SPIRE CAPITAL PARTNERS, L.P. By: Spire Capital Partners, L.L.C., its General Partner By: /s/ Richard H. Patterson --------------------------------------- Name: Richard H. Patterson --------------------------------- Title: Managing Member -------------------------------- SPIRE INVESTMENT, L.L.C. By: /s/ Richard H. Patterson --------------------------------------- Name: Richard H. Patterson --------------------------------- Title: Managing Member -------------------------------- WALLER-SUTTON MEDIA PARTNERS, L.P. By: Waller-Sutton Media, L.L.C., Its General Partner By: /s/ Richard H. Patterson --------------------------------------- Name: Richard H. Patterson --------------------------------- Title: Managing Member -------------------------------- /s/ Luis Navarro /s/ Wilfred Navarro - -------------------------------- ------------------------------- LUIS NAVARRO WILFRED NAVARRO /s/ Jose Gonzalez /s/ Alex Gonzalez - -------------------------------- ------------------------------- JOSE GONZALEZ ALEX GONZALEZ /s/ Hecktor Rivera /s/ Suresh Ganesh - -------------------------------- ------------------------------- HECKTOR RIVERA SURESH GANESH /s/ David Meynarez /s/ Wayne Wisehart - -------------------------------- ------------------------------- DAVID MEYNAREZ WAYNE WISEHART /s/ Roniel Rodriguez /s/ Louis Cires - -------------------------------- ------------------------------- RONIEL RODRIGUEZ LOUIS CIRES