EXHIBIT 2.2
AMENDMENT NO. 1
TO STOCK PURCHASE AGREEMENT
This Amendment No. 1 to Stock Purchase Agreement is entered into as of
November 15, 1998 by and among Tetra Tech, Inc., a Delaware corporation ("Tetra
Tech"), Tetra Tech Canada Ltd., an Ontario corporation and wholly-owned
subsidiary of Tetra Tech ("TTC"), and Xxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxxxx,
Xxxxxxx Xxxxxxxx, Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxxx, Xxxxx Xxxx, Xxxxxx Xxxxxx
and Xxxxx Xxxxx (collectively, the "Shareholders").
R E C I T A L S
WHEREAS, Tetra Tech, TTC and the Shareholders have entered into that
certain Stock Purchase Agreement dated as of September 22, 1998 (the "Original
Agreement") with respect to the purchase by TTC of the Shares (as defined in the
Original Agreement) owned by the Shareholders; and
WHEREAS, Tetra Tech, TTC and the Shareholders desire to amend certain
provisions of the Original Agreement as more specifically set forth below;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, Tetra Tech, TTC and the Shareholders agree as
follows:
1. The first two sentences of subparagraph (a) of Section 1.2 of the
Original Agreement are hereby amended in full to read as follows:
"The total price to be paid by TTC to the Shareholders for the Shares
shall be $21,596,865.13 U.S. Dollars (the "Purchase Price"). Of such amount,
$3,465,891.33 shall be paid in cash on the Closing Date (as defined in Section
6.1 hereof) by wire transfer of immediately available funds. In addition, the
Shareholders shall receive cash on the Closing Date in the aggregate sum of
$1,049,575.87 U.S. Dollars which represents the payment in full of liabilities
due to them by the Sentrex Companies (as defined in the Original Agreement)."
2. Exhibit 1.2C to the Original Agreement shall be deleted in its
entirety and replaced by Exhibit 1.2C attached hereto.
3. Article 8 of the Original Agreement is hereby incorporated herein
by reference.
4. Except as set forth in this Amendment No. 1 to Stock Purchase
Agreement, all of the terms and conditions of the Original Agreement shall
remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Stock Purchase Agreement as of the date first above written.
TETRA TECH, INC.
By: ______________________________
Li-San Hwang
Chief Executive Officer
and President
TETRA TECH CANADA LTD.
By: ______________________________
Xxxxxxx Xxxxxxxx
President
___________________________________
Xxxxxxx Xxxxxx
___________________________________
Xxxxxxxxx Xxxxxxxx
___________________________________
Xxxxxxx Xxxxxxxx
___________________________________
Xxxxx Xxxxxxxxx
___________________________________
Xxxxxxx Xxxxxxxxx
___________________________________
Xxxxx Xxxx
___________________________________
Xxxxxx Xxxxxx
___________________________________
Xxxxx Xxxxx
EXHIBIT 1.2C
STOCK PURCHASE AGREEMENT AMONG TETRA TECH, INC. AND
THE SENTREX GROUP OF COMPANIES
Consideration to be Received by the Company's Shareholders
Relative Total
Shareholder Shares Ownership Payment
------------------------- ---------- ------------ ---------------
1056584 ONTARIO LIMITED
Xxxxxxx Xxxxxxxx 101 100.00% 3,064,789
---------- ------------ ---------------
Total 101 100.00% 3,064,789
---------- ------------ ---------------
---------- ------------ ---------------
1056585 ONTARIO LIMITED
Xxxxx Xxxxxxxxx 101 100.00% 2,417,714
---------- ------------ ---------------
Total 101 100.00% 2,417,714
---------- ------------ ---------------
---------- ------------ ---------------
VENTURE CABLE LIMITED
Xxxxxxx Xxxxxxxx 32 32.00% 68,265
Xxxxx Xxxxxxxxx 32 32.00% 68,265
Xxxxx Xxxxx 18 18.00% 69,615
Xxxxxx Xxxxxx 18 18.00% 69,615
---------- ------------ ---------------
Total 100 100.00% 275,760
---------- ------------ ---------------
---------- ------------ ---------------
CEN-COMM COMMUNICATIONS INC.
Xxxxxxx Xxxxxx 124 40.00% 1,223,635
Xxxxxxxxx Xxxxxxxx 186 60.00% 1,844,046
---------- ------------ ---------------
Total 310 100.00% 3,067,681
---------- ------------ ---------------
---------- ------------ ---------------
SENTREX ELECTRONICS INC.
Xxxxxxx Xxxxxxxx 100 16.67% 116,060
Xxxxx Xxxxxxxxx 100 16.67% 116,060
Xxxxx Xxxx 200 33.33% 219,257
Xxxxxxxxx Xxxxxxxx 100 16.67% 116,060
Xxxxxxx Xxxxxxxxx 100 16.67% 116,060
---------- ------------ ---------------
Total 600 100.00% 683,497
---------- ------------ ---------------
---------- ------------ ---------------
LAL CORP.
Xxxxxxx Xxxxxxxx 1,350 45.00% 5,911,650
Xxxxx Xxxxxxxxx 750 25.00% 3,284,250
Xxxxx Xxxx 300 10.00% 1,313,700
Xxxxxxx Xxxxxx 600 20.00% 2,627,400
---------- ------------ ---------------
Total 3,000 100.00% 13,137,000
---------- ------------ ---------------
---------- ------------ ---------------
GRAND TOTALS
Xxxxxxx Xxxxxxxx 1,583 37.58% 9,160,764
Xxxxx Xxxxxxxxx 983 23.34% 5,886,289
Xxxxxxx Xxxxxx 724 17.19% 3,851,035
Xxxxx Xxxx 500 11.87% 1,532,957
Xxxxxxxxx Xxxxxxxx 286 6.79% 1,960,106
Xxxxxxx Xxxxxxxxx 100 2.37% 116,060
Xxxxx Xxxxx 18 0.43% 69,615
Xxxxxx Xxxxxx 18 0.43% 69,615
---------- ------------ ---------------
Total 4,212 100.00% 22,646,441
---------- ------------ ---------------
---------- ------------ ---------------
Advance Shares @
Shareholder Payment 19.70
------------------------- --------------- -------------
1056584 ONTARIO LIMITED
Xxxxxxx Xxxxxxxx 280,334.40 124,458
--------------- -------------
Total 280,334.40 124,458
--------------- -------------
--------------- -------------
1056585 ONTARIO LIMITED
Xxxxx Xxxxxxxxx 269,241.47 98,181
--------------- -------------
Total 269,241.47 98,181
--------------- -------------
--------------- -------------
VENTURE CABLE LIMITED
Xxxxxxx Xxxxxxxx - 2,772
Xxxxx Xxxxxxxxx - 2,772
Xxxxx Xxxxx - 3,533
Xxxxxx Xxxxxx - 2,827
--------------- -------------
Total - 11,904
--------------- -------------
--------------- -------------
CEN-COMM COMMUNICATIONS INC.
Xxxxxxx Xxxxxx - 49,690
Xxxxxxxxx Xxxxxxxx - 74,885
--------------- -------------
Total - 124,575
--------------- -------------
--------------- -------------
SENTREX ELECTRONICS INC.
Xxxxxxx Xxxxxxxx - 4,713
Xxxxx Xxxxxxxxx - 4,713
Xxxxx Xxxx - 8,903
Xxxxxxxxx Xxxxxxxx - 4,713
Xxxxxxx Xxxxxxxxx - 4,713
--------------- -------------
Total - 27,755
--------------- -------------
--------------- -------------
LAL CORP.
Xxxxxxx Xxxxxxxx 225,000.00 240,067
Xxxxx Xxxxxxxxx 125,000.00 133,370
Xxxxx Xxxx 50,000.00 53,348
Xxxxxxx Xxxxxx 100,000.00 106,696
--------------- -------------
Total 500,000.00 533,481
--------------- -------------
--------------- -------------
GRAND TOTALS
Xxxxxxx Xxxxxxxx 505,334 372,010
Xxxxx Xxxxxxxxx 394,241 239,036
Xxxxxxx Xxxxxx 100,000 156,386
Xxxxx Xxxx 50,000 62,251
Xxxxxxxxx Xxxxxxxx - 79,598
Xxxxxxx Xxxxxxxxx - 4,713
Xxxxx Xxxxx - 3,533
Xxxxxx Xxxxxx - 2,827
--------------- -------------
Total 1,049,575.87 920,354
--------------- -------------
--------------- -------------
Consideration Total
Shareholder Share Value* Cash Value Consideration
------------------------- --------------- --------------- ---------------
1056584 ONTARIO LIMITED
Xxxxxxx Xxxxxxxx 2,451,822.60 332,632.00 2,784,454.60
--------------- --------------- ---------------
Total 2,451,822.60 332,632.00 2,784,454.60
--------------- --------------- ---------------
--------------- --------------- ---------------
1056585 ONTARIO LIMITED
Xxxxx Xxxxxxxxx 1,934,165.70 214,306.83 2,148,472.53
--------------- --------------- ---------------
Total 1,934,165.70 214,306.83 2,148,472.53
--------------- --------------- ---------------
--------------- --------------- ---------------
VENTURE CABLE LIMITED
Xxxxxxx Xxxxxxxx 54,608.40 13,656.60 68,265.00
Xxxxx Xxxxxxxxx 54,608.40 13,656.60 68,265.00
Xxxxx Xxxxx 69,600.10 14.90 69,615.00
Xxxxxx Xxxxxx 55,691.90 13,923.10 69,615.00
--------------- --------------- ---------------
Total 234,508.80 41,251.20 275,760.00
--------------- --------------- ---------------
--------------- --------------- ---------------
CEN-COMM COMMUNICATIONS INC.
Xxxxxxx Xxxxxx 978,893.00 244,742.00 1,223,635.00
Xxxxxxxxx Xxxxxxxx 1,475,234.50 368,811.50 1,844,046.00
--------------- --------------- ---------------
Total 2,454,127.50 613,553.50 3,067,681.00
--------------- --------------- ---------------
--------------- --------------- ---------------
SENTREX ELECTRONICS INC.
Xxxxxxx Xxxxxxxx 92,846.10 23,213.90 116,060.00
Xxxxx Xxxxxxxxx 92,846.10 23,213.90 116,060.00
Xxxxx Xxxx 175,389.10 43,867.90 219,257.00
Xxxxxxxxx Xxxxxxxx 92,846.10 23,213.90 116,060.00
Xxxxxxx Xxxxxxxxx 92,846.10 23,213.90 116,060.00
--------------- --------------- ---------------
Total 546,773.50 136,723.50 567,437.00
--------------- --------------- ---------------
--------------- --------------- ---------------
LAL CORP.
Xxxxxxx Xxxxxxxx 4,729,319.90 957,330.10 5,686,650.00
Xxxxx Xxxxxxxxx 2,627,389.00 531,861.00 3,159,250.00
Xxxxx Xxxx 1,050,955.60 212,744.40 1,263,700.00
Xxxxxxx Xxxxxx 2,101,911.20 425,488.80 2,527,400.00
--------------- --------------- ---------------
Total 10,509,575.70 2,127,424.30 12,637,000.00
--------------- --------------- ---------------
--------------- --------------- ---------------
GRAND TOTALS
Xxxxxxx Xxxxxxxx 7,328,597.00 1,326,832.60 8,655,429.60
Xxxxx Xxxxxxxxx 4,709,009.20 783,038.33 5,492,047.53
Xxxxxxx Xxxxxx 3,080,804.20 670,230.80 3,751,035.00
Xxxxx Xxxx 1,226,344.70 256,612.30 1,482,957.00
Xxxxxxxxx Xxxxxxxx 1,568,080.60 392,025.40 1,960,106.00
Xxxxxxx Xxxxxxxxx 92,846.10 23,213.90 116,060.00
Xxxxx Xxxxx 69,600.10 14.90 69,615.00
Xxxxxx Xxxxxx 55,691.90 13,923.10 69,615.00
--------------- --------------- ---------------
Total 18,130,973.80 3,465,891.33 21,596,865.13
--------------- --------------- ---------------
--------------- --------------- ---------------
*Given the effect of cash in lieu of fractional shares
% 83.95% 16.05%
