Exhibit 2.2
EXECUTION COPY
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AMENDMENT NO. 1
TO AMENDED AND RESTATED MEMORANDUM OF
UNDERSTANDING
This AMENDMENT NO. 1 to the AMENDED AND RESTATED MEMORANDUM OF
UNDERSTANDING, dated as of November 15, 2001, by and between The Furukawa
Electric Co., Ltd., a corporation organized under the laws of Japan
("FURUKAWA"), and CommScope, Inc., a Delaware corporation ("COMMSCOPE"),
(this "AMENDMENT"), is entered into as of October 9, 2002 by and between
Furukawa and CommScope.
WHEREAS, Furukawa and CommScope have entered into an Amended and
Restated Memorandum of Understanding, dated as of November 15, 2001, (the
"MOU");
WHEREAS, Lucent Technologies Inc. ("LUCENT"), CommScope and
Furukawa have entered into a Financing Agreement, dated as of July 24,
2001, as amended and supplemented by the Supplement to the Financing
Agreement, dated as of November 9, 2001 (as supplemented, the "FINANCING
AGREEMENT");
WHEREAS, CommScope, Furukawa and Lucent have entered into a Stock
Purchase Agreement dated as of October [ ], 2002; and
WHEREAS, Furukawa and CommScope desire to amend the definition of
"Exercise Period" and the time period for payment of the Exercise Price.
NOW, THEREFORE, in consideration of the foregoing and the
agreements set forth in this Amendment, and intending to be legally bound
hereby, Furukawa and CommScope agree as follows:
Section 1. DEFINED TERMS. Defined terms not otherwise defined herein
shall have the meanings assigned to such terms in the MOU.
Section 2. AMENDMENT TO DEFINITION OF EXERCISE PERIOD; PAYMENT OF
EXERCISE PRICE. The following amendments are made to Section 5.6:
(a) The definition of "Exercise Period" in Section 5.6 is hereby
amended by deleting "commencing on the earlier to occur of (i) May 1, 2004
and (ii) the date that the Cable JV delivers to the CTV Member, in
accordance with Section 10.2 of the Amended LLC Agreement, audited
financial statements for the fiscal year ending December 31, 2003 and
ending on the date that is three months after such date" and replacing it
with "commencing on February 15, 2006 and ending on March 15, 2006."
(b) All references to "100 calendar days" in Section 5.6 shall be
amended by deleting "100 calendar days" and replacing it with "80 calendar
days".
For the avoidance of doubt, no other amendments are made to Section 5.6.
Section 3. EFFECTIVENESS. This Amendment shall be effective as of the
date first written above.
Section 4. GOVERNING LAW. THIS AMENDEMENT SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, IRRESPECTIVE OF THE CHOICE OF LAWS PRINCIPLES OF THE STATE OF NEW
YORK, AS TO ALL MATTERS, INCLUDING MATTERS OF VALIDITY, CONSTRUCTION,
EFFECT, ENFORCEABLILITY, PERFORMANCE AND REMEDIES.
Section 5. CONTINUATION. Furukawa and CommScope agree and acknowledge
that, except as otherwise amended hereby, the MOU continues in full force
and effect in accordance with its terms.
Section 6. COUNTERPARTS. This Amendment may be executed in any number
of counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.
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IN WITNESS WHEREOF, each party hereto has duly executed, or has caused
this Amendment to be duly executed, as of the date first above written.
COMMSCOPE, INC.
By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
Title: Chairman and Chief Executive Officer
THE FURUKAWA ELECTRIC CO., LTD.
By: /s/ Xxxxx Xxxx
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Name: Xxxxx Xxxx
Title: Managing Director
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