AMENDMENT NO. 1 TO PURCHASE AND SALE AGREEMENT
Exhibit 2.2
This AMENDMENT NO. 1 TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is
entered into as of January 11, 2008 among Analog Devices, Inc., a Massachusetts
corporation (the “Parent”), Analog Devices, B.V., a limited liability company
formed under the laws of the Netherlands (“Analog BV”), Analog Devices ApS, a
company organized under the laws of Denmark (“Analog ApS”), Analog Devices
Limited, a company organized under the laws of England (“Analog Limited”), Analog
Devices India Private Limited, a company organized under the laws of India (“Analog
India”), Analog Devices Hong Kong, Ltd., a company organized under the laws of Hong
Kong (“Analog Hong Kong”), Analog Devices Korea, Ltd., a company organized under
the laws of Korea (“Analog Korea”), Analog Devices (Shanghai) Co., Ltd., a
company organized under the laws of the People’s Republic of China (“Analog Shanghai”),
Analog Devices (China) Co., Ltd., a company organized under the laws of the People’s
Republic of China (“Analog China”), and Analog Devices Taiwan, Ltd., a company
organized under the laws of Taiwan (“Analog Taiwan”) (the Parent, Analog BV, Analog ApS,
Analog Limited, Analog India, Analog Hong Kong, Analog Korea, Analog Shanghai, Analog China and
Analog Taiwan are each individually referred to herein as a “Seller” and are collectively
referred to herein as the “Sellers”), and MediaTek Inc., a company organized under
the laws of Taiwan (the “Buyer”).
WHEREAS, Sellers and Buyer are parties to that certain Purchase and Sale Agreement dated
September 9, 2007 (the “Purchase Agreement”); and
WHEREAS, Sellers and Buyer wish to make certain amendments to the Purchase Agreement, as
further set forth in this Amendment.
NOW, THEREFORE, pursuant to Section 12.7 of the Purchase Agreement and in consideration of
good and valuable consideration, the receipt of which is hereby acknowledged, the undersigned
hereby agree as follows:
1. Amendment
(a) The following is hereby inserted into the Purchase Agreement as Section 4.8 thereof:
“4.8 Reimbursement for Certain Third Party IP Licenses. From and after the date of
this Agreement, Parent shall promptly upon the Buyer’s written request reimburse the Buyer in
respect of any amounts paid by Buyer or any of its Affiliates to any third party listed in Annex I
hereto in respect of (i) license fees or (ii) maintenance or support fees, in each case relating to
the period from the Closing until the third anniversary of the Closing, with respect to each of the
software products listed in Annex I hereto and solely for incorporation in the Analog
Development Tools (as defined in the License Agreement). Buyer will deliver to Parent a copy
of the paid invoice and license, maintenance or support agreement, as applicable, as a condition to
such reimbursement. This Section 4.8 shall be without limitation of, nor subject to the
limitations under, any rights of any Buyer Indemnified Party to claim indemnification pursuant to
Section 6.1(c).”
(b) The following is hereby inserted into the Purchase Agreement as Section 9.1(h) thereof:
“9.1(h) Notwithstanding anything to the contrary in this Agreement, for the avoidance of
doubt, the Parties hereby agree that the standard of performance with respect to any obligation of
the Buyer or any of its Affiliates to provide any Continuing Employees or Continuing Contractors
with substantially comparable severance and other benefits after Closing pursuant to this Section
9.1 shall be compared only to Sellers’ written plans and policies, and any terms agreed to by the
Buyer as part of the TUPE consultation process in Europe, and shall not be compared to practices,
unwritten policies or informal arrangements.”
(c) Article XI of the Purchase Agreement is hereby amended as follows:
The defined term “Purchase Price” is hereby amended and restated in its entirety as follows:
““Purchase Price” shall mean U.S. $349,572,000.”
2. Effect of Amendment and Waiver. Except as amended hereby and set forth above, the
Purchase Agreement shall continue in full force and effect.
3. Governing Law; Jurisdiction. This Amendment and any disputes hereunder shall be
governed by and construed in accordance with the internal laws of the State of New York without
giving effect to any choice or conflict of law provision or rule (whether of the State of New York
or any other jurisdiction) that would cause the application of laws of any jurisdiction other than
those of the State of New York. Any dispute, controversy or claim arising out of or relating to
this Amendment, will be resolved in accordance with Section 12.11 of the Purchase Agreement.
4. Counterparts and Facsimile Signature. This Amendment may be executed in one or
more counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument. This Amendment may be executed by facsimile signature.
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IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 1 as of the date first
above written.
| ANALOG DEVICES, INC. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Treasurer | ||||||
| ANALOG DEVICES, B.V. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Attorney-in-Fact | ||||||
| ANALOG DEVICES APS | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| ANALOG DEVICES LIMITED | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| ANALOG DEVICES INDIA PRIVATE LIMITED | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| ANALOG DEVICES HONG KONG, LTD. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| ANALOG DEVICES KOREA, LTD. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| ANALOG DEVICES TAIWAN, LTD. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| ANALOG DEVICES (SHANGHAI) CO., LTD. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| ANALOG DEVICES (CHINA) CO., LTD. | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxx
|
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| Name: Xxxxxxx X. Xxxxxx | ||||||
| Title: Director | ||||||
| MEDIATEK INC. | ||||||
| By: | /s/ Ji-Xxxxx Xxx
|
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| Name: Ji-Xxxxx Xxx | ||||||
| Title: | ||||||
