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<DESCRIPTION>CENUCO, INC. FORM 8-K/A
<TEXT>
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<TITLE>CENUCO, INC. FORM 8-K/A</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">


<P align="center" style="font-size: 18pt"><B>FORM 8-K/A</B>


<P align="center" style="font-size: 10pt">CURRENT REPORT



<P align="center" style="font-size: 10pt">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">



<P align="center" style="font-size: 10pt">Date of Report (Date of earliest event reported): May&nbsp;10, 2005


<P align="center" style="font-size: 24pt"><B>CENUCO, INC.</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
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    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">033-25900
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">75-2228820</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction<BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Commission File<BR>
Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">IRS Employer<BR>
Identification No.)</TD>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">6421 Congress Avenue, Boca Raton, Florida 33487<BR>
(Address of Principal Executive Offices)



<P align="center" style="font-size: 10pt">561-994-4446<BR>
(Registrant&#146;s Telephone Number, including Area Code)



<P align="center" style="font-size: 10pt">Not Applicable<BR>
(Former Name or Former Address, If Changed Since Last Report)



<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:


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    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
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    <TD nowrap><FONT style="font-family: Wingdings">&#120;</FONT>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
</TABLE>


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    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 140.14d-2(b))</TD>
</TR>
</TABLE>


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    <TD nowrap><FONT style="font-family: Wingdings">&#168;</FONT>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>
</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<P align="left" style="font-size: 10pt">SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995



<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Information included in this Form 8-K may contain forward-looking statements within the meaning of
Section&nbsp;27A of the Securities Act of 1933 (the &#147;Securities Act&#148;) and Section&nbsp;21E of the Securities
Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). This information may involve known and
unknown risks, uncertainties and other factors that may cause Cenuco, Inc.&#146;s (&#147;Cenuco&#148;) and Hermes
Acquisition Company I LLC&#146;s (&#147;Hermes&#148;) actual results, performance or achievements to be materially
different from future results, performance or achievements expressed or implied by any
forward-looking statements. Forward-looking statements, which involve assumptions and describe
Cenuco&#146;s and Hermes&#146; future plans, strategies and expectations, are generally identifiable by use
of the words &#147;may,&#148; &#147;will,&#148; &#147;should,&#148; &#147;expect,&#148; &#147;anticipate,&#148; &#147;estimate,&#148; &#147;believe,&#148; &#147;intend&#148; or
&#147;project&#148; or the negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are based on assumptions that may be incorrect, and there
can be no assurance that any projections or other expectations included in any forward-looking
statements will come to pass. Cenuco&#146;s and Hermes&#146; actual results could differ materially from
those expressed or implied by the forward-looking statements as a result of various factors.
Except as required by applicable laws, Cenuco undertakes no obligation to update publicly any
forward-looking statements for any reason, even if new information becomes available or other
events occur in the future.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;17, 2005, Cenuco filed a Current Report on Form 8-K (the &#147;Original Form&nbsp;8-K&#148;) with
the Securities and Exchange Commission (the &#147;Commission&#148;), disclosing that Cenuco had entered into
a Merger Agreement, dated March&nbsp;16, 2005 (the &#147;Original Merger Agreement&#148;), with Hermes Holding
Company, Inc., a newly formed Delaware corporation and wholly owned subsidiary of Cenuco (&#147;Merger
Sub&#148;), and Hermes. The Original Merger Agreement provided, among other things, that, subject to
the terms and conditions set forth therein, Merger Sub would be merged with and into Hermes (the
&#147;Merger&#148;), as a result of which the separate existence of Merger Sub would cease and Hermes would
continue as the surviving company in the merger and a wholly owned subsidiary of Cenuco. The
Original Merger Agreement provided that in connection with the Merger, the outstanding membership
interests in Hermes would be converted into the right to receive, in the aggregate, shares of
common stock, par value $.001 per share, of Cenuco (the &#147;Common Stock&#148;) representing 65% of the
shares of Common Stock to be outstanding after the Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hermes is a Delaware limited liability company organized in 2003 and headquartered in
Princeton, New Jersey. Hermes, through its subsidiaries, Lander Co., Inc. and Lander Co. Canada
Limited, is a manufacturer, marketer and distributor of value brand health and beauty products.
Lander also produces private label health and beauty products for certain major retailers. Lander
owns and/or operates two manufacturing and distribution facilities, one in Binghamton, New York and
the other in Toronto, Canada.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Founded in 1920, Lander is a recognized leader of value priced products available at
Wal-Mart, Kmart, ShopRite, Walgreens, CVS and other leading retailers throughout North


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<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">America. The company produces and ships more than 100,000,000 product units annually. Lander
and Cenuco believe that the combined company will create a platform through which they plan to
acquire select strategic brands that will further the combined company&#146;s position as a leader of
consumer products. It is anticipated, that through this transaction, the combined company&#146;s
strategic plans will accelerate.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco management believes that the Merger will provide additional logistics and distribution
knowledge, which Cenuco believes is a strong component of Lander&#146;s current business operations.
Cenuco believes that additional efficiencies and cost savings will be forthcoming for the entire
enterprise after the completion of the Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco management hopes to be able to introduce Cenuco wireless consumer products into
Lander&#146;s existing retail channels. Additionally, all of these retail channels have needs for remote
video monitoring technologies to combat theft and liability. Cenuco management intends to work
with these current Lander customers on how Cenuco wireless technologies can assist and extend their
loss-prevention and monitoring infrastructure.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally, Cenuco wireless technology applications have the ability to transmit virtually
any type of data to a cellular device, not just video. Cenuco believes that Lander represents a
unique opportunity to apply Cenuco&#146;s wireless technology to issues surrounding: warehousing,
inventory control, manufacturing review and control, supply chain management and numerous others.
It is management&#146;s belief that the combined knowledge of both companies will result in additional
wireless and consumer brand products focused on these and other markets.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At meetings of Cenuco&#146;s board of directors held on May&nbsp;2, 2005 and May&nbsp;9, 2005, the board
discussed the need for consummating the Merger as soon as practicable in order to execute its
strategic plan for the combined company. The board was advised by Hermes that the audited
financial statements required by Commission rules to be included in the proxy statement to be sent
to Cenuco stockholders in connection with the Merger would not be available until the end of May,
2005 or later. In light of such delays relating to preparation of the proxy statement, the board
concluded that unless the form of transaction was modified, the stockholder meeting to consider and
vote upon approval of the issuance of the shares of Common Stock in the Merger, as required by the
rules of the American Stock Exchange, could not be held before August, 2005 and that such delays
could have a material adverse effect on the ability of the combined company to execute its business
plan and potential acquisition opportunities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following such meetings, on May&nbsp;10, 2005, the parties to the Original Merger Agreement entered
into Amendment No.&nbsp;1 to the Merger Agreement (the Original Merger Agreement, as amended by
Amendment No.&nbsp;1, the &#147;Merger Agreement&#148;) pursuant to which the parties agreed to close the Merger
on or about May&nbsp;23, 2005. Stockholder approval of the Merger is no longer required by the Merger
Agreement. At the closing of the Merger, Cenuco will issue, in the aggregate, 2,553.67 shares of a
new series of the Preferred Stock, par value $.001 per share (&#147;Preferred Stock&#148;) designated as
&#147;Series&nbsp;A Junior Participating Preferred Stock&#148; to the members of Hermes in exchange for all the
outstanding membership interests in Hermes. As described herein, upon stockholder approval of the
Voting Proposals (as defined below), the Preferred


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<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Stock will be convertible into shares of Common Stock representing 65% of the outstanding
shares after the Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco&#146;s Amended and Restated Certificate of Incorporation, as amended, authorizes Cenuco to
issue up to 1,000,000 shares of preferred stock, and the board of directors has the authority,
without further action by the holders of the outstanding shares of the Common Stock, to issue
shares of the preferred stock from time to time in one or more series with such designations,
preferences, conversion rights, cumulative, relative, participating, optional or other rights,
including voting rights, qualifications, limitations or restrictions. On May&nbsp;9, 2005, the board of
directors approved a Form of Certificate of Designation, Preferences and Rights of the Series&nbsp;A Junior
Participating Preferred Stock (the &#147;Certificate of Designation&#148;) that provides the holders of the
Preferred Stock would have, among others, the following rights:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Dividends
&#150; quarterly cumulative cash dividends at the rate of $0.001 per share, commencing
March&nbsp;31, 2006, when and if declared by Cenuco&#146;s board of directors out of funds legally available
therefore, together with any dividends that would be payable to such holders if the shares had been
converted into shares of Common Stock at the time of the record date for any dividends payable to
holders of shares of Common Stock;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Liquidation
preference per share &#150; $1,000 plus any amount in excess of $.10 per share of
Common Stock that would be payable to such holders if the shares had been converted into shares of
Common Stock;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Rank &#150; senior to the Common Stock;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;Voting
rights &#150; (a)&nbsp;the holders of Preferred Stock vote, as a single class with the holders
of the Common Stock, on all matters submitted to a vote of, or the consent of, the holders of the
Common Stock, each holder of shares of the Preferred Stock to have that number of votes equal to
the number of shares of Common Stock as to which such shares of the Preferred Stock would be
converted upon a mandatory conversion and (b)&nbsp;the holders of Preferred Stock vote as a separate
class on any matter that would have an adverse effect on their shares. However, the holders of
Preferred Stock will not have the right to vote on any matters relating primarily to the Merger
Agreement, including approval of the Voting Proposals; and


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Mandatorily convertible &#150; each share of Preferred Stock shall mandatorily convert into
10,000 shares of Common Stock upon the authorization of Cenuco&#146;s holders of Common Stock (without
the vote of holders of Preferred Stock) to (a)&nbsp;an amendment to Cenuco&#146;s Amended and Restated
Certificate of Incorporation, as amended, increasing the authorized shares of the Common Stock to
such number as, at a minimum, would permit the conversion of all the shares of the Preferred Stock
and any other shares of Common Stock that may be issued in connection with the Merger and (b)&nbsp;the
issuance of the shares of Common Stock upon conversion of all of the shares of the Preferred Stock
(collectively, the &#147;Voting Proposals&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The conversion ratio set forth above assumes that no existing options or warrants are
exercised prior to the date of conversion of the Preferred Stock into Common Stock. Any such
exercise would result in an adjustment in the conversion ratio and the number of shares of


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<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Common Stock issuable upon conversion to retain the 65% ratio. The conversion ratio and the
shares of Common Stock issuable upon conversion are also subject to adjustment upon the occurrence
of stock splits, stock dividends or similar events.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are currently outstanding 13,750,556 shares of Common Stock and options and warrants
with respect to an aggregate of 2,786,712 shares of Common Stock. If the Merger is consummated and
the shares of the Preferred Stock are issued, the holders of the Preferred Stock will own 65% of
the outstanding voting power of Cenuco capital stock and, upon conversion of the Preferred Stock
into Common Stock, such holders will own 65% of the then outstanding shares of Common Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Merger Agreement obligates the board of directors of Cenuco, as soon as practicable, but
in no event later than 120&nbsp;days after the effective time of the Merger, to call a meeting of Cenuco
stockholders to consider and vote upon the Voting Proposals. Steven Bettinger, Cenuco&#146;s President
and Chief Executive Officer, a member of its board of directors and the beneficial owner of
3,817,767 shares of Common Stock (representing approximately 27.8% of Cenuco&#146;s outstanding shares
of Common Stock) has entered into a voting agreement with Hermes that provides, among other things,
that he will vote his shares of Common Stock in favor of the Voting Proposals. In addition,
certain other stockholders of Cenuco, owning an aggregate of 3,402,887 shares of Common Stock
(representing approximately 24.7% of the outstanding shares of Common Stock) have agreed to vote
their shares in favor of the Voting Proposals. Because the Cenuco stockholders who have agreed to
vote their shares in favor of the Voting Proposals hold approximately 52.5% of the outstanding
shares of Common Stock, their vote in favor of the Voting Proposals will be sufficient to approve
the Voting Proposals without the vote of any other Cenuco stockholder if no additional shares of
Common Stock are issued prior to the record date for the stockholder meeting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Merger Agreement, three of the four directors of Cenuco, and each of the
directors and officers of Merger Sub, shall resign at the closing of the Merger. The three
directors of Cenuco who will resign at the closing are Steven M. Bettinger, Andrew Lockwood and
Jack Phelan. Robert Picow, currently a Cenuco director, shall continue to serve as a director of
Cenuco and will also serve as a director of Lander Co., Inc. Following the closing, Mr.&nbsp;Picow will
appoint three new directors, Joseph A. Falsetti, Kenneth D. Taylor and Edward J. Doyle, all of whom
are designees of Hermes, to fill the newly created vacancies. The four directors will then appoint
a fifth director, Francis Ziegler, to the board. Steven M. Bettinger, the current Chief Executive
Officer and President of Cenuco, Jordan Serlin, the current Chief Operating Officer of Cenuco and
Adam Wasserman, the current Chief Financial Officer of Cenuco, shall resign their positions at the
closing. Following the closing, Mr.&nbsp;Bettinger will serve as Vice President of Corporate
Development and Investor Relations of Cenuco and Messrs.&nbsp;Picow, Serlin and Wasserman will become
officers of a newly created Wireless Data Products and Technology Division of Cenuco. Joseph A.
Falsetti will be appointed the new President and Chief Executive Officer of Cenuco, Brian J. Geiger
will be appointed the new Chief Financial Officer of Cenuco, William B. Acheson will be appointed
the new Vice President of Global Sales of Cenuco and Franco Pettinato will be appointed the new
Senior Vice President of Operations of Cenuco.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From and after the effective time of the Merger and prior to the earlier of (<U>x</U>)
December&nbsp;31, 2005 and (<U>y</U>) the date the Cenuco stockholders approve the Voting Proposals,
Hermes has


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<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">agreed that it shall not, by acting through Cenuco&#146;s board of directors or otherwise, cause
Cenuco to: (i)&nbsp;declare any dividends or distributions on any capital stock of Cenuco prior to March
31, 2006; (ii)&nbsp;cause any default or breach under the terms of the Certificate of Designation; (iii)
cause the liquidation (voluntary or otherwise), dissolution or winding up of Cenuco; (iv)&nbsp;enter
into any consolidation, merger, combination or other similar transaction in which issued and
outstanding shares of Common Stock are exchanged for or changed into other stock or securities,
cash and/or any other property; or (v)&nbsp;otherwise alter or change in any material respect the
powers, preferences or special rights of the Preferred Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
copy of each of Amendment No.&nbsp;1 and the Form of Certificate of Designation are attached to, and
incorporated by reference in this Item of, this Current Report on Form 8-K as Exhibits 10.2 and
3(i), respectively. The foregoing descriptions of the Merger Agreement and the Certificate of
Designation are qualified in their entirety by reference to the full text of the Original Form 8-K
and the full texts of the Merger Agreement and the Certificate of Designation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The summary disclosure above and the Merger Agreement attached as Exhibit&nbsp;10.2 to this Current
Report on Form 8-K and Exhibit&nbsp;10.1 to the Original Form 8-K are being furnished to provide
information regarding the terms and conditions of the Merger Agreement. No representation,
warranty, covenant, or agreement described in the summary disclosure or contained in the Merger
Agreement is, or should be construed as, a representation or warranty by Cenuco or Hermes to any
investor or covenant or agreement of Cenuco or Hermes with any investor. Investors should note the
limitation on third party beneficiary rights contained in Section&nbsp;15.5 of the Merger Agreement,
which provides that nothing in the Merger Agreement &#147;is intended or shall confer upon any ... Person
&#091;other than the parties and successors and assigns&#093; any legal or equitable right, benefit or remedy
of any nature under or by reason of &#091;the Merger&#093; Agreement.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There may be risks for investors associated with relying on representations, warranties,
covenants, and agreements contained in the Merger Agreement. The representations and warranties in
the Merger Agreement may be qualified by disclosure schedules that have not been filed with the
Commission, may be qualified by materiality standards that differ from what may be viewed as
material for securities law purposes, and represent an allocation of risk as between the parties as
part of the transaction reflected in the Merger Agreement. Moreover, the representations and
warranties may become incorrect after the date of the Merger Agreement, and changes, if any, may
not be reflected in Cenuco&#146;s public disclosures. The covenants and agreements contained in the
Merger Agreement are solely for the benefit of Cenuco and Hermes, and compliance with each covenant
and agreement may be waived, and the time for performance under each covenant and agreement may be
extended, by the party entitled to the benefit of the covenant or agreement.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.02 Unregistered Sales of Equity Securities</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the disclosure set forth under Item&nbsp;1.01 of this Current Report on Form
8-K, which disclosure is incorporated herein by reference. The shares of Preferred Stock were
offered to the owners of Hermes pursuant to an exemption from registration under Section&nbsp;4(2) of
the Securities Act and the rules and regulations promulgated thereunder.


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<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;10, 2005, Cenuco issued a press release announcing the amendment to the Merger
Agreement. A copy of the press release is furnished and attached hereto as Exhibit&nbsp;99.1 and is
incorporated herein by reference.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with General Instruction B.2 of Form 8-K, the information in Exhibit&nbsp;99.1
attached hereto is being furnished and is not deemed to be &#147;filed&#148; for purposes of Section&nbsp;18 of
the Exchange Act and is not otherwise subject to the liabilities of that section. Accordingly, the
information in Exhibit&nbsp;99.1 attached hereto will not be incorporated by reference into any filing
made by Cenuco under the Securities Act or the Exchange Act unless specifically identified therein
as being incorporated therein by reference.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exhibits</I>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
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<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3</TD>
    <TD nowrap valign="top">(i)</TD>
    <TD>&nbsp;</TD>

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form
of Certificate of Designation, Preferences and Rights of Series&nbsp;A Junior
Participating Preferred Stock (1)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Amendment No.&nbsp;1, dated May&nbsp;10, 2005, among Cenuco, Inc., Hermes Holding
Company, Inc. and Hermes Acquisition Company I LLC (1)</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Press Release dated May&nbsp;10, 2005 (2)</DIV></TD>
</TR>
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</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Filed herewith</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Furnished herewith</TD>
</TR>

</TABLE>


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<DIV style="font-family: 'Times New Roman',Times,serif">






<P align="center" style="font-size: 10pt">SIGNATURE



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">Date: May 10, 2005&nbsp;</TD>
    <TD colspan="3" align="left">CENUCO, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Steven M. Bettinger
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Steven M. Bettinger&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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<DOCUMENT>
<TYPE>EX-3.(I)
<SEQUENCE>2
<FILENAME>g95217exv3wxiy.htm
<DESCRIPTION>FORM OF CERTIFICATE OF DESIGNATION
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM OF CERTIFICATE OF DESIGNATION</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<P align="right" style="font-size: 10pt">EXHIBIT 3(i)



<P align="center" style="font-size: 10pt"><B>FORM OF<BR>
CERTIFICATE OF DESIGNATION, PREFERENCES AND RIGHTS<BR>
OF<BR>
SERIES A JUNIOR PARTICIPATING PREFERRED STOCK<BR>
OF<BR>
CENUCO, INC.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Section&nbsp;151 of the General Corporation Law of the State of Delaware, the
undersigned officers of Cenuco, Inc., a corporation organized and existing under the General
Corporation Law of the State of Delaware (the &#147;<U>Corporation</U>&#148;), in accordance with the
provisions of Section&nbsp;103 thereof, DO HEREBY CERTIFY:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That pursuant to the authority conferred upon the Board of Directors by the Amended and
Restated Certificate of Incorporation of the Corporation, as amended, the Board of Directors on
May&nbsp;9, 2005 adopted the following resolution creating a series of 2,553.6747 shares of
Preferred Stock designated as Series&nbsp;A Junior Participating Preferred Stock:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RESOLVED, that pursuant to the authority vested in the Board of Directors of this Corporation
in accordance with the provisions of its Amended and Restated Certificate of Incorporation, as
amended, a series of Preferred Stock of the Corporation be and it hereby is created, and that the
designation and amount thereof and the voting powers, preferences and relative, participating,
optional and other special rights of the shares of such series, and the qualifications, limitations
or restrictions thereof are as follows:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;1. Designation and Amount</I>. The shares of such series shall be designated as &#147;Series&nbsp;A
Junior Participating Preferred Stock&#148; and the number of shares constituting such series shall be
2,553.6747.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;2. Dividends and Distributions</I>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;The holders of shares of Series&nbsp;A Junior Participating Preferred Stock shall be entitled
to receive, when, as and if declared by the Board of Directors out of funds legally available for
the purpose, quarterly dividends payable in cash on the last day of March, June, September and
December in each year (each such date being referred to herein as a &#147;<U>Quarterly Dividend Payment
Date</U>&#148;), commencing on March&nbsp;31, 2006, in an amount per share equal to $0.001.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;In addition to all dividends payable pursuant to Paragraph (A)&nbsp;above, the Corporation
shall declare a dividend or distribution on the Series&nbsp;A Junior Participating Preferred Stock in an
amount per share equal to the product of the then effective Conversion Number (as defined in
Section&nbsp;8(A)) times the aggregate per share amount of all cash
dividends, and the then effective Conversion Number times the aggregate per share amount (payable in kind) of all
non-cash dividends or other distributions other than a dividend payable in shares of Common Stock
or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise),
declared on the Common Stock, par value $0.001 per share, of the Corporation (the &#147;<U>Common
Stock</U>&#148;) immediately after it declares a dividend or distribution on the Common Stock



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="left" style="font-size: 10pt">(other than a dividend payable in shares of Common Stock) and any such dividend shall be paid to holders
of shares of Series&nbsp;A Junior Participating Preferred Stock on or prior to the date of payment with
respect to shares of Common Stock.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;Dividends shall begin to accrue and be cumulative on outstanding shares of Series&nbsp;A Junior
Participating Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of
issue of such shares of Series&nbsp;A Junior Participating Preferred Stock, unless the date of issue of
such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which
case dividends on such shares shall begin to accrue from the date of issue of such shares, or
unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date
for the determination of holders of shares of Series&nbsp;A Junior Participating Preferred Stock
entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either
of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend
Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares
of Series&nbsp;A Junior Participating Preferred Stock in an amount less than the total amount of such
dividends at the time accrued and payable on such shares shall be allocated pro rata on a
share-by-share basis among all such shares at the time outstanding. The Board of Directors may fix
a record date for the determination of holders of shares of Series&nbsp;A Junior Participating Preferred
Stock entitled to receive payment of a dividend or distribution declared thereon, which record date
shall be no more than thirty (30)&nbsp;days prior to the date fixed for the payment thereof.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;3. Voting Rights</I>. The holders of shares of Series&nbsp;A Junior Participating Preferred
Stock shall have the following voting rights:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Each share of Series&nbsp;A Junior Participating Preferred Stock shall entitle the holder
thereof to a number of votes on all matters submitted to a vote of the holders of Common Stock
equal to the product of the Conversion Number times the number of votes to which each share of
Common Stock shall entitle the holder thereof; <I>provided, however</I>, that except as may be required by
law, the holders of shares of Series&nbsp;A Junior Participating Preferred Stock shall not be entitled
to any voting rights on any matters relating primarily or exclusively to the Merger Agreement (as
hereinafter defined) and the transactions contemplated thereby presented before or at any duly
convened meeting of the stockholders of the Corporation called for the primary purpose of approving
the issuance of shares of Common Stock of the Corporation in connection with that certain Merger
Agreement, dated as of March&nbsp;16, 2005, as amended, by and among the Corporation, Hermes Holding
Company, Inc. and Hermes Acquisition Company I LLC (the &#147;<U>Merger Agreement</U>&#148;).



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;Except as otherwise provided herein (including Section&nbsp;8(A)) or by law, the holders of
shares of Series&nbsp;A Junior Participating Preferred Stock and the holders of shares of
Common Stock shall vote together as one class on all matters submitted to a vote of
stockholders of the Corporation.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) (i)&nbsp;If at any time dividends on any Series&nbsp;A Junior Participating Preferred Stock shall be
in arrears in an amount equal to six (6)&nbsp;quarterly dividends thereon, the occurrence of such
contingency shall mark the beginning of a period (herein called a &#147;<U>default period</U>&#148;) which
shall extend until such time when all accrued and unpaid dividends for all




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<P align="left" style="font-size: 10pt">previous quarterly
dividend periods and for the current quarterly dividend period on all shares of Series&nbsp;A Junior
Participating Preferred Stock then outstanding shall have been declared and paid or set apart for
payment. During each default period, all holders of Preferred Stock (including holders of the
Series&nbsp;A Junior Participating Preferred Stock) with dividends in arrears in an amount equal to six
(6)&nbsp;quarterly dividends thereon, voting as a class, irrespective of series, shall have the right to
elect two (2)&nbsp;Directors.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;During any default period, such voting right of the holders of Series&nbsp;A Junior
Participating Preferred Stock may be exercised initially at a special meeting called pursuant to
subparagraph (iii)&nbsp;of this Section&nbsp;3(C) or at any annual meeting of stockholders, and thereafter at
annual meetings of stockholders, provided that such voting right shall not be exercised unless the
holders of ten percent (10%) in number of shares of Preferred Stock outstanding shall be present in
person or by proxy. The absence of a quorum of the holders of Common Stock shall not affect the
exercise by the holders of Preferred Stock of such voting right. At any meeting at which the
holders of Preferred Stock shall exercise such voting right initially during an existing default
period, they shall have the right, voting as a class, to elect Directors to fill such vacancies, if
any, in the Board of Directors as may then exist up to two (2)&nbsp;Directors or, if such right is
exercised at an annual meeting, to elect two (2)&nbsp;Directors. If the number which may be so elected
at any special meeting does not amount to the required number, the holders of the Preferred Stock
shall have the right to make such increase in the number of Directors as shall be necessary to
permit the election by them of the required number. After the holders of the Preferred Stock shall
have exercised their right to elect Directors in any default period and during the continuance of
such period, the number of Directors shall not be increased or decreased except by vote of the
holders of Preferred Stock as herein provided or pursuant to the rights of any equity securities
ranking senior to or <I>pari passu </I>with the Series&nbsp;A Junior Participating Preferred Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;Unless the holders of Preferred Stock shall, during an existing default period, have
previously exercised their right to elect Directors, the Board of Directors may order, or any
stockholder or stockholders owning in the aggregate not less than ten percent (10%) of the total
number of shares of Preferred Stock outstanding, irrespective of series, may request, the calling
of a special meeting of the holders of Preferred Stock, which meeting shall thereupon be called by
the President, a Vice-President or the Secretary of the Corporation. Notice of such meeting and of
any annual meeting at which holders of Preferred Stock are entitled to vote pursuant to this
Paragraph (C)(iii) shall be given to each holder of record of Preferred Stock by mailing a copy of
such notice to such holder at such holder&#146;s last address as the same appears on the books of the
Corporation. Such meeting shall be called for a time not earlier than twenty (20)&nbsp;days and not
later than sixty (60)&nbsp;days after such order or request, or in default of the calling of such
meeting within sixty (60)&nbsp;days after such order or request, such meeting may be called on similar
notice by any stockholder or stockholders owning in the
aggregate not less than ten percent (10%) of the total number of shares of Preferred Stock
outstanding. Notwithstanding the provisions of this Paragraph (C)(iii), no such special meeting
shall be called during the period within sixty (60)&nbsp;days immediately preceding the date fixed for
the next annual meeting of the stockholders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;In any default period, the holders of Common Stock, and other classes of stock of the
Corporation, if applicable, shall continue to be entitled to elect the whole


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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">number of Directors
until the holders of Preferred Stock shall have exercised their right to elect two (2)&nbsp;Directors
voting as a class, after the exercise of which right (<U>x</U>) the Directors so elected by the
holders of Preferred Stock shall continue in office until their successors shall have been elected
by such holders or until the expiration of the default period, and (<U>y</U>) any vacancy in the
Board of Directors may (except as provided in Paragraph (C)(ii) of this Section&nbsp;3) be filled by
vote of a majority of the remaining Directors theretofore elected by the holders of the class of
stock which elected the Director whose office shall have become vacant. References in this
Paragraph (C)&nbsp;to Directors elected by the holders of a particular class of stock shall include
Directors elected by such Directors to fill vacancies as provided in clause (<U>y</U>) of the
foregoing sentence.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;Immediately upon the expiration of a default period, (<U>x</U>) the right of the holders
of Preferred Stock as a class to elect Directors shall cease, (<U>y</U>) the term of any Directors
elected by the holders of Preferred Stock as a class shall terminate, and (<U>z</U>) the number of
Directors shall be such number as may be provided for in the Amended and Restated Certificate of
Incorporation, as amended, or By-laws of the Corporation irrespective of any increase made pursuant
to the provisions of Paragraph (C)(ii) of this Section&nbsp;3 (such number being subject, however, to
change thereafter in any manner provided by law or in the Amended and Restated Certificate of
Incorporation, as amended, or By-laws of the Corporation). Any vacancies in the Board of Directors
effected by the provisions of clauses (<U>y</U>) and (<U>z</U>) in the preceding sentence may be
filled by a majority of the remaining Directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)&nbsp;Except as set forth herein, holders of Series&nbsp;A Junior Participating Preferred Stock shall
have no special voting rights and their consent shall not be required (except to the extent they
are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate
action.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;4. Certain Restrictions</I>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Whenever quarterly dividends or other dividends or distributions payable on the Series&nbsp;A
Junior Participating Preferred Stock as provided in Section&nbsp;2 hereof are in arrears, thereafter and
until all accrued and unpaid dividends and distributions, whether or not declared, on shares of
Series&nbsp;A Junior Participating Preferred Stock outstanding shall have been paid in full, the
Corporation shall not:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;declare or pay dividends on, make any other distributions on, or redeem or purchase or
otherwise acquire for consideration any shares of stock ranking junior
(either as to dividends or upon liquidation, dissolution or winding up) to the Series&nbsp;A Junior
Participating Preferred Stock;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;declare or pay dividends on or make any other distributions on any shares of stock
ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with
the Series&nbsp;A Junior Participating Preferred Stock, except dividends paid ratably on the Series&nbsp;A
Junior Participating Preferred Stock and all such parity stock on which dividends are payable or in
arrears in proportion to the total amounts to which the holders of all such shares are then
entitled;


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;redeem or purchase or otherwise acquire for consideration shares of any stock ranking on
a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series&nbsp;A
Junior Participating Preferred Stock, provided that the Corporation may at any time redeem,
purchase or otherwise acquire shares of any such parity stock in exchange for shares of any stock
of the Corporation ranking junior (either as to dividends or upon dissolution, liquidation or
winding up) to the Series&nbsp;A Junior Participating Preferred Stock; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;purchase or otherwise acquire for consideration any shares of Series&nbsp;A Junior
Participating Preferred Stock, or any shares of stock ranking on a parity (either as to dividends
or upon liquidation, dissolution or winding up) with the Series&nbsp;A Junior Participating Preferred
Stock, except in accordance with a purchase offer made in writing or by publication (as determined
by the Board of Directors) to all holders of such shares upon such terms as the Board of Directors,
after consideration of the respective annual dividend rates and other relative rights and
preferences of the respective series and classes, shall determine in good faith will result in fair
and equitable treatment among the respective series or classes.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;The Corporation shall not permit any subsidiary of the Corporation to purchase or
otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation
could, under Paragraph (A)&nbsp;of this Section&nbsp;4, purchase or otherwise acquire such shares at such
time and in such manner.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;5. Reacquired Shares</I>. Shares of Series&nbsp;A Junior Participating Preferred Stock that
have been issued and reacquired in any manner, including shares purchased, redeemed or converted,
shall (upon compliance with any applicable provisions of the General Corporation Law of the State
of Delaware) have the status of authorized and unissued shares of the class of Preferred Stock
undesignated as to series and may be redesignated and reissued as part of any series of the
Preferred Stock; <I>provided, however, </I>that no such issued and reacquired shares of Series&nbsp;A Junior
Participating Preferred Stock shall be reissued or sold as Series&nbsp;A Junior Participating Preferred
Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;6. Liquidation, Dissolution or Winding Up</I>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Upon any liquidation (voluntary or otherwise), dissolution or winding up of the
Corporation, no distribution shall be made to the holders of shares of stock ranking junior (either
as to dividends or upon liquidation, dissolution or winding up) to the Series&nbsp;A Junior
Participating Preferred Stock unless, prior thereto, the holders of shares of Series&nbsp;A Junior
Participating Preferred Stock shall have received an amount equal to $1,000 per share of Series&nbsp;A
Junior Participating Preferred Stock, plus an amount equal to accrued and unpaid dividends and
distributions thereon, whether or not declared, to the date of such payment (the &#147;<U>Series&nbsp;A
Liquidation Preference</U>&#148;). Following the payment of the full amount of the Series&nbsp;A Liquidation
Preference, no additional distributions shall be made to the holders of shares of Series&nbsp;A Junior
Participating Preferred Stock unless, prior thereto, the holders of shares of Common Stock shall
have received an amount per share (the &#147;<U>Common Adjustment</U>&#148;) equal to the quotient obtained
by dividing (i)&nbsp;the Series&nbsp;A Liquidation Preference by (ii)&nbsp;the then effective Conversion Number.
Following the payment of the full amount of the Series&nbsp;A Liquidation Preference and the Common
Adjustment in respect of all outstanding shares of Series&nbsp;A Junior Participating




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<P align="left" style="font-size: 10pt">Preferred Stock
and Common Stock, respectively, holders of Series&nbsp;A Junior Participating Preferred Stock and
holders of shares of Common Stock shall receive their ratable and proportionate share of the
remaining assets to be distributed such that each share of Series&nbsp;A Junior Participating Preferred
Stock receives an amount that is equal to the product of (<U>x</U>) the then effective Conversion
Number and (<U>y</U>) the amount that is distributed with respect to each share of the Common
Stock.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;In the event, however, that there are not sufficient assets available to permit payment in
full of the Series&nbsp;A Liquidation Preference and the liquidation preferences of all other series of
Preferred Stock, if any, that rank on a parity (either as to dividends or upon liquidation,
dissolution or winding up) with the Series&nbsp;A Junior Participating Preferred Stock, then such
remaining assets shall be distributed ratably to the holders of such parity shares in proportion to
their respective liquidation preferences. In the event that after payment in full of the Series&nbsp;A
Liquidation Preference and the liquidation preferences of all other series of Preferred Stock, if
any, there are not sufficient assets available to permit payment in full of the Common Adjustment,
then such remaining assets shall be distributed ratably to the holders of Common Stock.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;7. Consolidation, Merger, etc. </I>In case the Corporation shall enter into any
consolidation, merger, combination or other transaction in which the shares of Common Stock are
exchanged for or changed into other stock or securities, cash and/or any other property (other than
the transactions contemplated by the Merger Agreement (as defined in Section&nbsp;3(A))), then in any
such case the shares of Series&nbsp;A Junior Participating Preferred Stock shall at the same time be
similarly exchanged or changed in an amount per share equal to the then effective Conversion Number
times the aggregate amount of stock, securities, cash and/or any other property (payable in kind),
as the case may be, into which or for which each share of Common Stock is changed or exchanged.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;8. Conversion</I>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <U>Automatic Conversion</U>. Each share of Series&nbsp;A Junior Participating Preferred Stock
shall be automatically converted, without the payment of any additional consideration by the holder
thereof, into a number of shares of Common Stock equal to the then effective Conversion Number
immediately upon the approval of resolutions authorizing (<U>x</U>) an amendment to the
Corporation&#146;s Amended and Restated Certificate of Incorporation, as amended, increasing the
authorized shares of the Common Stock to such number as, at a minimum, would permit the conversion
of all the shares of the Series&nbsp;A Junior Participating Preferred Stock and any other shares of
Common Stock that may be issued in connection with the consummation of the transactions
contemplated by that certain Plan of Merger, dated as of &#091;May &#95;&#95;&#95;, 2005&#093;, between Hermes Holding
Company, Inc. and Hermes Acquisition Company I LLC and (<U>y</U>) the issuance by the Corporation
of the shares of Common Stock upon conversion of all of the shares of the Series&nbsp;A Junior
Participating Preferred Stock, by vote of the holders of shares of Common Stock, voting as a single
class (without the vote of holders of shares of the Series&nbsp;A Junior Participating Preferred Stock),
representing a majority of the votes cast on such resolution at a duly convened meeting of the
stockholders of the Company. The term &#147;<U>Conversion Number</U>&#148; means the number of shares of
Common Stock that shall be deliverable upon conversion of each share of Series&nbsp;A Junior
Participating Preferred Stock, without the




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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">payment of any additional consideration by the holders
of Series&nbsp;A Junior Participating Preferred Stock, and shall be equal to ten thousand (10,000),
subject adjustment as hereinafter provided.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <U>Mechanics of Conversion</U>. Upon the occurrence of the event specified in Paragraph
(A)&nbsp;of this Section&nbsp;8, the Series&nbsp;A Junior Participating Preferred Stock shall be converted into a
number of shares of Common Stock equal to the then effective Conversion Number automatically
and without any further action by the holders of such shares and whether or not the
certificates representing such shares are surrendered to the Corporation or its transfer agent;
<I>provided, however</I>, that all holders of shares of Series&nbsp;A Junior Participating Preferred Stock
shall be given written notice of the occurrence of the event specified in Paragraph (A)&nbsp;of this
Section&nbsp;8, including the date such event occurred (the &#147;<U>Mandatory Conversion Date</U>&#148;), and
the Corporation shall not be obligated to issue certificates evidencing the shares of Common Stock
issuable upon such conversion unless certificates evidencing such shares of the Series&nbsp;A Junior
Participating Preferred Stock being converted are either delivered to the Corporation or its
transfer agent, or the holder notifies the Corporation or any transfer agent that such certificates
have been lost, stolen, or destroyed and executes an agreement satisfactory to the Corporation to
indemnify the Corporation from any loss incurred by it in connection therewith, but without the
need to provide any indemnity bond. On the Mandatory Conversion Date, all rights with respect to
the Series&nbsp;A Junior Participating Preferred Stock so converted, including the rights, if any, to
receive notices and vote, shall terminate, except any of the rights of the holders thereof, upon
surrender of their certificate or certificates therefor, to receive certificates for the number of
shares of Common Stock into which such Series&nbsp;A Junior Participating Preferred Stock has been
converted, together with cash in an amount equal to all dividends declared but unpaid on, and any
and all other amounts owing with respect to, the shares of Series&nbsp;A Junior Participating Preferred
Stock converted to and including the time of conversion. Upon the automatic conversion of the
Series&nbsp;A Junior Participating Preferred Stock, the holders of such Series&nbsp;A Junior Participating
Preferred Stock shall surrender the certificates representing such shares at the office of the
Corporation or of its transfer agent. If so required by the Corporation, certificates surrendered
for conversion shall be endorsed or accompanied by written instrument or instruments of transfer,
in form satisfactory to the Corporation, duly executed by the
registered holder or by the holder&#146;s attorney duly authorized in writing. Upon surrender of
such certificates there shall be issued and delivered to such holder, promptly at such office and
in the holder&#146;s name as shown on such surrendered certificate or certificates, a certificate or
certificates for the number of shares of Common Stock into which the shares of the Series&nbsp;A Junior
Participating Preferred Stock surrendered were convertible on the date on which such automatic
conversion occurred, together with cash in an amount equal to all dividends declared but unpaid on,
and any and all other amounts owing with respect to, the shares of Series&nbsp;A Junior Participating
Preferred Stock converted to and including the time of conversion. No fractional share of Common
Stock shall be issued upon automatic conversion of the Series&nbsp;A Junior Participating Preferred
Stock. In lieu of any fractional share to which the holder would otherwise be entitled, the
Corporation shall pay cash equal to such fraction multiplied by the then effective Fair Market
Value of the Common Stock (as defined in Section&nbsp;8(J)).



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) <U>Adjustments to Conversion Number for Diluting Issues</U>.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;<U>Options and Convertible Securities</U>. For purposes of this Section&nbsp;8(C), the
following definitions shall apply:


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&#147;<U>Option</U>&#148; shall mean rights, options or warrants to subscribe for, purchase or
otherwise acquire either Common Stock or Convertible Securities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&#147;<U>Original Issue Date</U>&#148; shall mean &#091;May &#95;&#95;&#95;, 2005&#093;, the first date on which a share
of Series&nbsp;A Junior Participating Preferred Stock was issued.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&#147;<U>Convertible Securities</U>&#148; shall mean any evidences of indebtedness, shares of
capital stock (other than Common Stock) or other securities directly or indirectly convertible into
or exchangeable for Common Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&#147;<U>Additional Shares of Common Stock</U>&#148; shall mean all shares of Common Stock issued
by the Corporation as a consequence of the exercise of any Option outstanding on the Original Issue
Date or the conversion or exchange of any Convertible Securities outstanding on the Original Issue
Date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;<U>Stock Dividends, Stock Distributions and Subdivisions</U>. In the event the
Corporation at any time or from time to time after the Original Issue Date shall declare or pay any
dividend or make any other distribution on the Common Stock or the Preferred Stock payable in
Common Stock, Options or Convertible Securities or effect a subdivision of the outstanding shares
of Common Stock (by reclassification or otherwise than by payment of a dividend in Common Stock),
then and in any such event, Additional Shares of Common Stock shall be deemed to have been issued:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;in the case of any such dividend or distribution, immediately after the close of business
on the record date for the determination of holders of any class of securities entitled to receive
such dividend or distribution; <I>provided, however, </I>that if such record date shall have been fixed
and no part of such dividend shall have been paid on the date fixed therefor, the adjustment
previously made in the Conversion Number that became effective on such record date shall be
cancelled as of the close of business on such record date,
and thereafter the Conversion Number shall be adjusted pursuant to this Section&nbsp;8(C)(ii) as of
the time of actual payment of such dividend; or


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;in the case of any such subdivision, at the close of business on the date immediately
prior to the date upon which such corporate action becomes effective.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;<U>Adjustment of Conversion Number Upon Issuance of Additional Shares of Common
Stock</U>. In the event that at any time or from time to time after the Original Issue Date, the
Corporation shall issue Additional Shares of Common Stock (including Additional Shares of Common
Stock deemed to be issued pursuant to Section&nbsp;8(C)(i)(d) but excluding Additional Shares of Common
Stock deemed to be issued pursuant to Section&nbsp;8(C)(ii), which event is dealt with in Section
8(C)(iv)(a)), then and in such event, such Conversion Number shall be increased, concurrently with
such issue, to a number (calculated to the nearest one hundred thousandth) determined in accordance
with the following formula:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>CN</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N<SUB>1</SUB> &#043; 1.8571429
(Q<SUB>1</SUB> &#247; Q<SUB>2</SUB>)</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">where:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"> - 8 -
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">CN
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New Conversion Number.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">N<SUB>1</SUB>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conversion Number of Series&nbsp;A Junior Participating
Preferred Stock in effect immediately prior to new
issue.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Q<SUB>1</SUB>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Number of Additional Shares of Common Stock issued or
deemed issued.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Q<SUB>2</SUB>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Number of shares of Series&nbsp;A Junior Participating
Preferred Stock outstanding at the time of the new
issue.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;<U>Adjustment for Dividends, Distributions, Subdivisions, Combinations or Consolidations
of Common Stock</U>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Stock Dividends, Distributions or Subdivisions</U>. In the event the Corporation
shall be deemed to issue Additional Shares of Common Stock pursuant to Section&nbsp;8(C)(ii) in a stock
dividend, stock distribution or subdivision, the Conversion Number in effect immediately before
such deemed issuance shall, concurrently with the effectiveness of such deemed issuance, be
proportionately increased by (<U>x</U>) multiplying the Conversion Number in effect immediately
prior to such deemed issuance by (<U>y</U>) the number of shares of Common Stock outstanding, or
deemed to be Additional Shares of Common Stock outstanding, immediately after such issuance and
(<U>z</U>) dividing the product thereof by the number of shares of Common Stock outstanding, or
deemed to be Additional Shares of Common Stock outstanding, immediately prior to such issuance.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Combinations or Consolidations</U>. In the event the outstanding shares of Common
Stock shall be combined or consolidated, by reclassification or
otherwise, into a lesser number of shares of Common Stock, the Conversion Number in effect
immediately prior to such combination or consolidation shall, concurrently with the effectiveness
of such combination or consolidation, be proportionately decreased by (<U>x</U>) multiplying the
Conversion Number in effect immediately prior to such combination or consolidation by (<U>y</U>)
the number of shares of Common Stock outstanding, or deemed to be Additional Shares of Common Stock
outstanding, immediately after such combination or consolidation and (<U>z</U>) dividing the
product thereof by the number of shares of Common Stock outstanding, or deemed to be Additional
Shares of Common Stock outstanding, immediately prior to such combination or consolidation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) <U>Adjustment for Reclassification, Exchange, or Substitution</U>. In the event that at
any time or from time to time after the Original Issue Date, the Common Stock issuable upon the
conversion of the Series&nbsp;A Junior Participating Preferred Stock shall be changed into the same or a
different number of shares of any class or classes of stock, whether by capital reorganization,
reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend
provided for in Paragraph (C)(iv) of this Section&nbsp;8, or a merger, consolidation, or sale of assets
provided for in Section&nbsp;7), then and in each such event the holder of any shares or shares of
Series&nbsp;A Junior Participating Preferred Stock shall have the right thereafter to




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<P align="left" style="font-size: 10pt">convert such
shares into the kind and amount of shares of stock and other securities and property receivable
upon such reorganization, reclassification, or other change, by the holder of a number of shares of
Common Stock equal to the number of shares of Common Stock into which such shares of Series&nbsp;A
Junior Participating Preferred Stock might have been converted immediately prior to such
reorganization, reclassification, or change, all subject to further adjustment as provided herein.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) <U>No Impairment</U>. The Corporation shall not, by amendment of its Amended and
Restated Certificate of Incorporation, as amended, or through any reorganization, transfer of
assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary
action, avoid or seek to avoid the observance or performance of any of the terms to be observed or
performed hereunder by the Corporation but shall at all times in good faith assist in the carrying
out of all the provisions of this Section&nbsp;8 and in the taking of all such action as may be
necessary or appropriate in order to protect the conversion rights of the holders of the Series&nbsp;A
Junior Participating Preferred Stock against impairment.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) <U>Certificate as to Adjustments</U>. Upon the occurrence of each adjustment or
readjustment of the Conversion Number pursuant to this Section&nbsp;8, the Corporation at its expense
shall promptly compute such adjustment or readjustment in accordance with the terms hereof and
furnish to each affected holder of Series&nbsp;A Junior Participating Preferred Stock a certificate
setting forth such adjustment or readjustment and showing in detail the facts upon which such
adjustment or readjustment is based. The Corporation shall, upon the written request at any time
of any affected holder of Series&nbsp;A Junior Participating Preferred Stock, furnish or cause to be
furnished to such holder a like certificate setting forth (i)&nbsp;such adjustments and readjustments,
(ii)&nbsp;the Conversion Number at the time in effect, and (iii)&nbsp;the number of shares of Common Stock
and the amount, if any, of other property which at the time would be received upon the conversion
of each share of Series&nbsp;A Junior Participating Preferred Stock.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) <U>Notices of Record Date</U>. In the event of any taking by the Corporation of a record
of the holders of any class of securities for the purpose of determining the holders thereof who
are entitled to receive any dividend or other distribution, the Corporation shall mail to each
holder of Series&nbsp;A Junior Participating Preferred Stock at least ten (10)&nbsp;days prior to such record
date a notice specifying the date on which any such record is to be taken for the purpose of such
dividend or distribution.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) <U>Certain Taxes</U>. The Corporation shall pay any issue or transfer taxes payable in
connection with the conversion of the Series&nbsp;A Junior Participating Preferred Stock; <I>provided,
however, </I>that the Corporation shall not be required to pay any tax that may be payable in respect
of any transfer to a name other than that of the holder of the Series&nbsp;A Junior Participating
Preferred Stock.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) <U>Closing of Books</U>. The Corporation shall at no time close its transfer books
against the transfer of any Series&nbsp;A Junior Participating Preferred Stock or of any shares of
Common Stock issued or issuable upon the conversion of any shares of Series&nbsp;A Junior Participating
Preferred Stock in any manner that interferes with the timely conversion or transfer of such Series
A Junior Participating Preferred Stock or Common Stock.




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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J) <U>Fair Market Value of the Common Stock</U>. For the purpose of any computation
hereunder, the &#147;Fair Market Value of the Common Stock&#148; on any date shall be deemed to be the
average of the daily closing prices per share of such Common Stock for the twenty (20)&nbsp;consecutive
Trading Days (as such term is hereinafter defined) immediately prior to such date; <I>provided,
however, </I>that in the event that the Fair Market Value of the Common Stock is determined during any
period following the announcement by the issuer of such Common Stock of (i)&nbsp;a dividend or
distribution on such Common Stock payable in such Common Stock or securities convertible into such
Common Stock or (ii)&nbsp;any subdivision, combination or reclassification of such Common Stock, and
prior to the expiration of thirty (30)&nbsp;Trading Days after the ex-dividend date for such dividend or
distribution, or the record date for such subdivision, combination or reclassification, then, and
in each such case, the &#147;Fair Market Value of the Common Stock&#148; shall be appropriately adjusted to
reflect the current market price per share of Common Stock equivalent. The closing price for each
day shall be the last sale price, regular way, or, in case no such sale takes place on such day,
the average of the closing bid and asked prices, regular way, in either case as reported in the
principal consolidated transaction reporting system with respect to securities listed or admitted
to trading on the American Stock Exchange or, if the shares of Common Stock are not listed or
admitted to trading on the American Stock Exchange, as reported in the principal consolidated
transaction reporting system with respect to securities listed on the principal national securities
exchange on which the shares of Common Stock are listed or admitted to trading or, if the shares of
Common Stock are not listed or admitted to trading on any national securities exchange, the last
quoted price or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by The Nasdaq Stock Market or such other system then in use,
or, if on any such date the shares of Common Stock are not quoted by any such organization, the
average of the closing bid and asked prices as furnished by a professional market maker making a
market in the shares of Common Stock selected by the Board of Directors of the Corporation. If on
any such date no such market maker is making a market in the Common Stock, the Fair Market Value of
the Common Stock on such date as determined in good faith by the Board of Directors of the
Corporation shall be used. The term &#147;<U>Trading Day</U>&#148; shall mean a day on which the
principal national securities exchange on which the shares of Common Stock are listed or admitted
to trading is open for the transaction of business or, if the shares of Common Stock are not listed
or admitted to trading on any national securities exchange, a day that banks in the City of New
York are open for business.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;9. No Redemption</I>. The shares of Series&nbsp;A Junior Participating Preferred Stock shall
not be redeemable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;10. Amendment</I>. The Amended and Restated Certificate of Incorporation, as amended, of
the Corporation shall not be further amended in any manner that would alter or change the powers,
preferences or special rights of the Series&nbsp;A Junior Participating Preferred Stock without the
affirmative vote of the holders of a majority or more of the outstanding shares of Series&nbsp;A Junior
Participating Preferred Stock, voting separately as a class.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;11. Fractional Shares</I>. Series&nbsp;A Junior Participating Preferred Stock may be issued in
fractions of a share that shall entitle the holder, in proportion to such holders fractional
shares, to exercise voting rights, receive dividends, participate in distributions and to have the
benefit of all other rights of holders of Series&nbsp;A Junior Participating Preferred Stock.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;12. Appraisal Rights</I>. Holders of shares of Series&nbsp;A Junior Participating Preferred
Stock shall have the same appraisal rights pursuant to Section&nbsp;262 of the General Corporation Law
of the State of Delaware as holders of shares of Common Stock.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, we have executed and subscribed this Certificate and do affirm the
foregoing as true under the penalties of perjury this
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> th day of May, 2005.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CENUCO, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade color="#000000">
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Attest:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><HR size="1" noshade color="#000000">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Secretary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>g95217exv10w2.htm
<DESCRIPTION>AMENDMENT NO.1 TO MERGER AGREEMENT
<TEXT>
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<TITLE>AMENDMENT NO.1 TO MERGER AGREEMENT</TITLE>
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<P align="right" style="font-size: 10pt">EXHIBIT 10.2



<P align="center" style="font-size: 10pt"><B>AMENDMENT NO 1 TO MERGER AGREEMENT</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No.&nbsp;1 (&#147;<U>Amendment No.&nbsp;1</U>&#148;), dated as of May&nbsp;10, 2005, to the Merger
Agreement, dated March&nbsp;16, 2005, by and among Cenuco, Inc., a Delaware corporation
(&#147;<U>Purchaser</U>&#148;), Hermes Holding Company, Inc., a Delaware corporation and a wholly owned
subsidiary of Purchaser (&#147;<U>Merger Sub</U>&#148;), and Hermes Acquisition Company I LLC, a Delaware
limited liability company (&#147;<U>Seller</U>&#148;).


<P align="center" style="font-size: 10pt"><U>W</U> <U>I</U> <U>T</U> <U>N</U> <U>E</U> <U>S</U> <U>S</U> <U>E</U> <U>T</U> <U>H</U> :



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, on March&nbsp;16, 2005, Purchaser, Merger Sub and Seller entered into a Merger Agreement
(the &#147;<U>Agreement</U>&#148;) pursuant to which Merger Sub will be merged with and into Seller, as a
result of which the separate existence of Merger Sub shall cease and Seller shall continue as the
surviving company and a wholly-owned subsidiary of Purchaser;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Purchaser, Merger Sub and Seller wish to amend the Agreement, on the terms and
conditions set forth in this Amendment No.&nbsp;1;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Purchaser, Merger Sub and Seller have duly authorized the execution and delivery of
this Amendment No.&nbsp;1.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the premises and mutual agreements herein set forth, and
intending to be legally bound hereby, the parties hereto agree that the Agreement shall be and
hereby is amended, in accordance with Section&nbsp;15.2 thereof, as follows:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Defined Terms</U>. Terms defined in the Agreement and used and not otherwise defined
herein shall have the meanings given to them in the Agreement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Amendment of Agreement</U>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Section&nbsp;1.1 of the Agreement is amended as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the definitions of &#147;Merger Shares&#148; and &#147;Merger Proxy Statement&#148; are deleted in
their entirety and the following definitions are inserted therein:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Cenuco Proxy Statement</U>&#148; shall mean the Proxy Statement (or if
appropriate, Information Statement) of Purchaser referred to in Section&nbsp;10.1, to be
filed with the Commission and sent to Purchaser&#146;s stockholders covering, among other
things, (a)&nbsp;the approval of the issuance of shares of Purchaser Common Stock that
may be issued upon conversion of the Merger Preferred Shares in accordance with the
terms of the Plan of Merger and the Certificate of
Designation, (b)&nbsp;the approval of an amendment to Purchaser&#146;s Amended and
Restated Certificate of Incorporation, as amended, to change the corporate name of
Purchaser to &#147;Lander Co., Inc.&#148; or another similar name designated by Seller and to
increase the number of authorized shares of Purchaser Common Stock to not less than
the greater of (<U>x</U>) 100,000,000 shares of Purchaser Common Stock or
(<U>y</U>) the number of shares of Purchaser Common Stock that may be issued upon
conversion of the Merger Preferred Shares plus any other shares of Purchaser


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="margin-left:3%; font-size: 10pt">Common
Stock that may be issued pursuant to the Plan of Merger, (c)&nbsp;the approval of
the issuance of an aggregate of 34,000 shares of Purchaser Common Stock to Robert
Picow and Doug McMillen and (d)&nbsp;such other matters as are appropriate and
necessary to consummate the transactions contemplated by this Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Common Shares</U>&#148; shall mean shares of Purchaser&#146;s common stock,
par value $.001 per share (&#147;<U>Purchaser Common Stock</U>&#148;), issued pursuant to the
Plan of Merger as adjustments to the merger consideration payable to the Owners of
Seller arising upon exercise of any Purchase Rights (as defined in the Plan of
Merger) following the date that the Merger Preferred Shares have been converted into
Purchaser Common Stock.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Preferred Shares</U>&#148; shall mean a number of shares of a new series
of preferred stock of Purchaser designated as &#147;Series&nbsp;A Junior Participating
Preferred Stock&#148; and having the designation, preferences and rights set forth in
<U>Exhibit&nbsp;F</U> attached hereto (&#147;<U>Certificate of Designation</U>&#148;) that is
equal to the quotient (rounded to the nearest ten thousandth) of which the numerator
is the product of (<U>x</U>) 0.65 and (<U>y</U>) the number of issued and
outstanding shares of Purchaser Common Stock immediately prior to the Effective Time
(as defined in the Plan of Merger) and the denominator is 3,500.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Shares</U>&#148; shall mean the Merger Common Shares and the Merger
Preferred Shares&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Agreement is amended by replacing all references to &#147;Merger Proxy Statement&#148; to read
&#147;Cenuco Proxy Statement&#148;.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Section&nbsp;2.1 of the Agreement is amended by deleting the phrase &#147;Purchaser,&#148; from the first
sentence thereof.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Section&nbsp;2.2 of the Agreement is amended to read in its entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Merger Shares</U>. At the Effective Time, by virtue of the Merger and
without any action on the part of the Seller or Purchaser, each equity interest in
the Seller issued and outstanding immediately prior to the Effective Time shall be
converted into the right to receive a pro-rata percentage of the Merger Preferred
Shares and the Merger Common Shares in accordance with <U>Schedule&nbsp;2.2</U> and the
Plan of Merger. Evidence of the issuance of the Merger Preferred Shares shall be
delivered to the Seller at the Closing. As soon as practicable after the Effective
Time, each Owner shall be entitled, upon evidence of transfer of such Owner&#146;s
equity interests in the Seller, to receive its pro-rata percentage of the
Merger Preferred Shares. As soon as practicable after any shares of Merger Common
Shares become issuable, each Owner shall be entitled to receive its pro-rata
percentage of the Merger Common Shares. Except for the right to receive Merger
Common Shares as set forth in the Plan of Merger, all rights in respect of each
Owner&#146;s equity interests in the Seller shall cease to exist upon receipt of such
Owner&#146;s pro-rata percentage of the Merger Preferred Shares. All shares of


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<P align="left" style="margin-left:3%; font-size: 10pt">Purchaser
Common Stock issued and outstanding immediately prior to the Effective Time shall be
unaffected by the Merger and such shares shall remain issued and outstanding.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Section&nbsp;7.3 of the Agreement is amended by inserting a new sentence at the end of such
Section that reads in its entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to make the above statements in this Section&nbsp;7.3 true and correct,
Seller hereby acknowledges and agrees that Purchaser will be required to include a
proposal in the Cenuco Proxy Statement seeking stockholder approval of the issuance
of an aggregate of 34,000 shares of Purchaser Common Stock to Robert Picow and Doug
McMillen.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Section&nbsp;7.21 of the Agreement is amended to read in its entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vote Required</U>. The affirmative vote of the holders of a majority of
the issued and outstanding shares of Common Stock, par value $.001 per share, of
Merger Sub is the only vote necessary to adopt the Plan of Merger and the
transactions contemplated thereby. A majority of the votes cast by holders of
Purchaser Common Stock at a duly convened meeting of the stockholders of Purchaser
will be required in order to approve the issuance of any shares of Purchaser Common
Stock upon conversion of the Merger Preferred Shares, and before such shares of
Purchaser Common Stock may be listed on the American Stock Exchange.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;The Agreement is hereby amended by adding a new Section&nbsp;8.7 that shall read in its
entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Post-Closing Conduct</U>. From and after the Effective Time and prior to
the earlier of (<U>x</U>) December&nbsp;31, 2005 and (<U>y</U>) the Mandatory
Conversion Date (as defined in the Certificate of Designation), Seller shall not, by
acting through the Purchaser&#146;s Board of Directors or otherwise, cause the Purchaser
to: (i)&nbsp;declare any dividends or distributions on any capital stock of the Purchaser
prior to March&nbsp;31, 2006, (ii)&nbsp;cause any default or breach under the terms of the
Certificate of Designation; (iii)&nbsp;cause the liquidation (voluntary or otherwise),
dissolution or winding up of the Purchaser; (iv)&nbsp;enter into any consolidation,
merger, combination or other similar transaction in which issued and
outstanding shares of Purchaser Common Stock are exchanged for or changed into other stock or
securities, cash and/or any other property; or (v)&nbsp;otherwise alter or change in any
material respect the powers, preferences or special rights of the Merger
Preferred Shares.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Section&nbsp;10.1(a) of the Agreement is amended to read in its entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As promptly as practicable after the date of this Agreement, but in no event
later than one hundred twenty (120)&nbsp;days after the Effective Time,


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<P align="left" style="margin-left:3%; font-size: 10pt">Purchaser shall
prepare and file the Cenuco Proxy Statement with the Commission. Purchaser shall
respond to any comments of the Commission and will use its reasonable best efforts
to have the Cenuco Proxy Statement cleared by the Commission as promptly as
practicable after such filing and will cause the Cenuco Proxy Statement to be mailed
to Purchaser&#146;s stockholders at the earliest practicable time. Purchaser shall file
all documents that it is responsible for filing with the Commission, and shall
comply in all material respects with all applicable requirements of law and the
rules and regulations promulgated thereunder. As promptly as practicable after the
date of this Agreement, Purchaser shall prepare and file with the Commission and
mail to its stockholders an information statement pursuant to Section 14(f) of the
1934 Act and Rule&nbsp;14f-1 promulgated thereunder. Seller will use its reasonable best
efforts to ensure that the individuals designated by Seller to serve on the Board of
Directors of Purchaser pursuant to Section&nbsp;12.7 hereof shall cause Purchaser to
comply with the obligations of Purchaser hereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Section&nbsp;10.2 of the Agreement is deleted in its entirety.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;Section&nbsp;10.3 of the Agreement is amended by replacing the clause &#147;this Agreement and the
Plan of Merger and the approval of the Merger&#148; to read &#147;a resolution approving the issuance of
shares of Purchaser Common Stock upon conversion of the Merger Preferred Shares&#148;.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;Section&nbsp;10.5 of the Agreement is amended to read in its entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>American Stock Exchange</U>. Purchaser and Seller agree to work together
in good faith and use their respective reasonable best efforts to (a)&nbsp;list the
Merger Common Shares and the shares of Purchaser Common Stock issuable upon
conversion of the Merger Preferred Shares on the American Stock Exchange, subject to
official notice of issuance and (b)&nbsp;maintain the listing of Purchaser Common Stock
on the American Stock Exchange so long as the Board of Directors shall determine in
its good faith business judgment that it is in the best interests of Purchaser and
its stockholders to maintain such listing.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;Section&nbsp;11.6 of the Agreement is amended by deleting the second sentence thereof in its
entirety and by changing the heading to read &#147;Fairness Opinion&#148;.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;Section&nbsp;12.6 of the Agreement is amended by deleting the second sentence thereof in its
entirety and by changing the heading to read &#147;Fairness Opinion&#148;.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;Section&nbsp;13.1(f) of the Agreement is amended to read in its entirety as follows:
&#147;&#091;Intentionally Omitted&#093;&#148;.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;Section&nbsp;13.4(a) of the Agreement is amended by deleting the words &#147;Section&nbsp;13.1(f), or
(iii)&#148;.




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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;Section&nbsp;15.2 of the Agreement is amended by inserting a new sentence at the end of such
Section that reads in its entirety as follows:




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After the Effective Time, this Agreement may not be amended without the
approval of a majority of the members of the Board of Directors of the Purchaser who
served on the Board of Directors of the Purchaser prior to the Effective Time or, if
no such individuals are then serving on the Board of Directors, a majority of the
independent directors, as defined by the rules of the American Stock Exchange.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;The Voting Agreement annexed to the Agreement as <U>Exhibit&nbsp;A</U> is hereby amended and
restated in the form attached hereto as <U>Annex&nbsp;&nbsp;A</U>.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;The Plan of Merger annexed to the Agreement as <U>Exhibit&nbsp;C </U>is hereby amended and
restated in the form attached hereto as <U>Annex B</U>.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Agreement as Amended</U>. The term &#147;Agreement&#148; as used in the Agreement shall be
deemed to refer to the Agreement as amended by this Amendment No.&nbsp;1 and shall be effective as of
May&nbsp;10, 2005, as if executed on such date. It is expressly understood and agreed that except as
otherwise provided herein, all terms, conditions and provisions contained in the Agreement shall
remain in full force and effect without any further change or modification whatsoever.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;<U>Full Force and Effect</U>. If any term, provision, covenant or restriction of this
Amendment No.&nbsp;1 is held by a court of competent jurisdiction or other authority to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this
Amendment No.&nbsp;1, and the Agreement, shall remain in full force and effect and shall in no way be
affected, impaired or invalidated.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;<U>Governing Law</U>. This Amendment No.&nbsp;1 shall be deemed to be a contract made under
the laws of the State of New York and for all purposes shall be governed by and construed in
accordance with the laws of such State applicable to contracts to be made and performed entirely
within the State.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Execution
in Counterparts</U>.
This Amendment No.&nbsp;1 may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>Ratification, Adoption and Approval</U>. In all respects not inconsistent with the
terms and provisions of this Amendment No.&nbsp;1, the Agreement is hereby ratified, adopted, approved
and confirmed.


<P align="center" style="font-size: 10pt"><B>&#091;Remainder of Page Intentionally Blank&#093;</B>



<P align="center" style="font-size: 10pt"> - 5 -
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties have caused this Amendment No.&nbsp;1 to be duly executed as of
the day and year first above written.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CENUCO, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Steven Bettinger
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" colspan="2">Name:&nbsp;&nbsp;Steven Bettinger&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" colspan="2">Title:&nbsp;&nbsp;President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">HERMES HOLDING COMPANY, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Steven Bettinger
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" colspan="2">Name:&nbsp;&nbsp;Steven Bettinger&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" colspan="2">Title:&nbsp;&nbsp;President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">HERMES ACQUISITION COMPANY I LLC<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Joseph A. Falsetti
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" colspan="2">Name:&nbsp;&nbsp;Joseph A. Falsetti&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" colspan="2">Title:&nbsp;&nbsp;Manager&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>g95217exv99w1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>PRESS RELEASE</TITLE>
</HEAD>
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt">EXHIBIT 99.1



<P align="left" style="font-size: 10pt"><IMG src="g95217g9521700.gif" alt="(CENUCO LOGO)">



<P align="left" style="font-size: 10pt"><B>Company Contact:</B><BR>
Jordan Serlin, Chief Operating Officer<BR>
561-997-2602


<P align="center" style="font-size: 10pt"><B>Cenuco and Lander Agree to Amend Merger Agreement and Expedite Merger</B>


<P align="left" style="font-size: 10pt"><B>BOCA RATON, FL and LAWRENCEVILLE, NJ, May&nbsp;10, 2005 </B>- Cenuco, Inc. (AMEX: ICU) and Hermes
Acquisition Company I LLC, the parent company of Lander Co., Inc., announced today that the two
companies have amended the merger agreement entered into on March&nbsp;16, 2005. Under the amended
agreement, the merger is expected to close on or about May&nbsp;23, 2005. At the closing of the merger,
Cenuco will issue shares of a new series of Cenuco preferred stock to the members of Hermes in
exchange for all the outstanding membership interests in Hermes. The newly issued Cenuco preferred
stock will be convertible into shares of Cenuco common stock representing 65% of the outstanding
shares after the merger. The issuance of the shares of Cenuco common stock upon conversion of the
preferred shares is conditioned upon, among other items, Cenuco stockholder approval.


<P align="left" style="font-size: 10pt">After the merger, the two existing businesses will remain focused in their respective current
markets but plan to integrate select overhead and administrative functions. The companies will
begin reporting combined financial information immediately after the merger is completed.


<P align="left" style="font-size: 10pt">At meetings of Cenuco&#146;s board of directors held on May&nbsp;2, 2005 and May&nbsp;9, 2005, the board discussed
the need for consummating the Merger as soon as practicable in order to accelerate its business
plan and potential acquisition opportunities.


<P align="left" style="font-size: 10pt">Founded in 1920, Lander is a recognized leader of value priced products available at Wal-Mart,
Kmart, ShopRite, Walgreens, CVS and other leading retailers throughout North America. Lander
produces and ships more than 100,000,000 product units annually. Lander and Cenuco believe that
the combined company will create a platform through which they plan to acquire select strategic
brands that will further the combined company&#146;s position as a leader of consumer products. It is
anticipated, that through this transaction, the combined company&#146;s strategic plans will
accelerate.


<P align="left" style="font-size: 10pt">Steven Bettinger, Chief
Executive Officer and President of Cenuco, stated, &#147;We believe that
expediting this merger preserves certain time sensitive business opportunities for the combined
organization. Our plan is for Lander and Cenuco to continue to focus on their current operations
&#151; Wireless Data Products and Technology, operating under the Cenuco name, and Consumer Products
operating under the Lander name.&#148;


<P align="left" style="font-size: 10pt">For additional information, please review the most recent Form 8-K and associated filings that are
available on the SEC website via http://www.sec.gov


<P align="left" style="font-size: 10pt"><B>About Cenuco</B>


<P align="left" style="font-size: 10pt">Cenuco, Inc. develops wireless and Internet based software solutions for transmitting live
streaming video, and other targeted content, directly onto cellular phones and remote computers.
Cenuco&#146;s technology has applications in a variety
of markets. Cenuco&#146;s wireless data technology is primarily focused on wireless video monitoring
solutions that allow



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P align="center" style="font-size: 10pt">-2-

<P align="left" style="font-size: 10pt">users to view real-time streaming video of security cameras or video content
feeds at their home or place of business from anywhere they receive a cellular connection,
regardless of the cellular carrier, user&#146;s location, or type of cellular phone or wireless device.
Cenuco&#146;s products address the fast-growing security, surveillance and Homeland Security markets,
and some of its monitoring products have been listed on the Federal General Services Administration
(GSA)&nbsp;schedule. These products have also been Windows Mobile Certified by Microsoft, have received
BREW certification from Qualcomm, and are listed in the Intel Mobility Catalog. Visit
http://<U>www.cenuco.com</U> for additional information.


<P align="left" style="font-size: 10pt"><B>About Lander Co., Inc.</B>


<P align="left" style="font-size: 10pt">Lander Co., Inc. and its Canadian affiliate, Lander Co. Canada Limited, manufacture, market and
distribute leading value brand (LANDER)&nbsp;health and beauty care products. Lander also produces
private label brands for a limited number of top retailers. Lander has a category leadership
position in the rapidly growing marketplace for value health and beauty care products &#151; sold in
dollar stores and value-focused retailers such as Wal-Mart and Kmart. Visit
<U>http://www.lander-hba.com</U> for additional information.


<P align="left" style="font-size: 10pt">The Lander brand is recognized as the largest specialty bath brand as reported in 2004 by
Information Resources, Inc. (IRI), a global provider of market content and business performance
management within consumer goods and retail industries. Lander is headquartered in Lawrenceville,
New Jersey. Lander operates two manufacturing and distribution facilities, one in Binghamton, New
York and the other in Toronto, Canada.


<P align="left" style="font-size: 10pt"><B>About the Merger</B>


<P align="left" style="font-size: 10pt">In connection with the issuance of Cenuco common stock upon conversion of the Cenuco preferred
stock, Cenuco will file a proxy statement with the Securities and Exchange Commission. <B>Investors
and security holders are advised to read the proxy statement when it becomes available because it
will contain important information including the financial statements of Lander</B>. Investors and
security holders may obtain a free copy of the proxy statement (when available) and other documents
filed by Cenuco at the Securities and Exchange Commission&#146;s web
site at <U>http://www.sec.gov</U>. The
proxy statement and such other documents may also be obtained by Cenuco stockholders for free from
Cenuco by directing such request to Steven Bettinger, Chief Executive Officer and President,
Cenuco, Inc., 6421 Congress Avenue, Suite&nbsp;201, Boca Raton, FL 33487, Telephone: 561-997-2602.


<P align="left" style="font-size: 10pt">Cenuco and its directors, executive officers and other members of its management and employees may
be deemed to be participants in the solicitation of proxies from its stockholders in connection
with the issuance of Cenuco common stock upon conversion of the Cenuco preferred stock.
Information concerning the interests of Cenuco&#146;s participants in the solicitation is set forth in
Cenuco&#146;s proxy statements and Annual Reports on Form 10-KSB, previously filed with the Securities
and Exchange Commission, and in the proxy statement relating to the issuance of the shares of
Cenuco common stock when it becomes available.


<P align="left" style="font-size: 10pt"><I>Certain statements contained herein may constitute forward-looking statements within the meaning of
Section&nbsp;27A of the Securities Act of 1933, 21E of the Exchange Act of 1934 and/or the Private
Securities Litigation Reform Act of 1995. Such statements include, without limitation, statements
regarding business plans and potential acquisitions. These forward-looking statements may be
affected by the risks and uncertainties inherent in Cenuco&#146;s and Lander&#146;s business. This
information is qualified in its entirety by cautionary statements and risk factor disclosure
contained in Cenuco&#146;s Securities and Exchange Commission filings. Cenuco and Lander wish to caution
readers that certain important factors may have affected and could in the future affect Cenuco&#146;s
and Lander&#146;s beliefs and expectations and could cause the actual results to differ materially from
those expressed in any forward-looking statement made by or on behalf of Cenuco and Lander. These
risk factors include, but are not limited to: (1)&nbsp;the inability to successfully integrate Lander&#146;s
operations with Cenuco&#146;s operations; (2)&nbsp;the inability to successfully consummate potential
acquisitions; (3)&nbsp;the accounting implications of the business
combination; and (4)&nbsp;Cenuco&#146;s
inability to comply with the rules and policies of the American Stock Exchange. Although Cenuco
believes the statements contained herein to be accurate as of the date they were made, it can give
no assurance that such expectations will prove to be correct. Cenuco undertakes no obligation to
update these forward-looking statements.</I>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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