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EXHIBIT 2.1(a)
ADDENDUM NO. 1
TO
STOCK PURCHASE AGREEMENT
This addendum (the "Addendum"), dated June 30, 1995, by and among
Landmark Graphics Corporation, a Delaware corporation ("Landmark"), MGI
Associates, Inc., a Texas corporation ("MGA"), and the other persons and
entities whose signatures appear upon this Addendum (the "Former
Shareholders"), relates to and is intended to amend that certain Stock Purchase
Agreement, dated September 29, 1994, by and among Landmark, MGA and the Former
Shareholders (the "Master Agreement"), and evidences that, in consideration of
the mutual obligations and covenants set forth herein, the parties hereto agree
as follows:
ARTICLE I
GENERAL
SECTION 1.1 RELATION TO MASTER AGREEMENT. Capitalized terms used but
not defined herein are used as defined in the Master Agreement. Except as
modified herein, the Master Agreement will remain in full force and effect in
accordance with the terms thereof. In the event of any conflict between the
terms and conditions of the Master Agreement and the terms and conditions of
this Addendum, the terms and conditions of this Addendum will govern and
control.
SECTION 1.2 AMENDMENT OF THE MASTER AGREEMENT. The definition of
"Actual Operating Income" set forth in Section 3.1 of the Master Agreement is
hereby amended by adding the following sub-paragraph:
"(d) If for any Earnout Period (hereinafter referred to in
this sub-paragraph (d) as the "Current Earnout Period"), other than the Earnout
Period ending June 30, 1995, the Actual Operating Income of MGA (calculated
without regard to the provisions of this sub-paragraph (d)) is less than its
Minimum Operating Income and during the immediately preceding Earnout Period
(hereinafter referred to in this sub-paragraph (d) as the "Prior Earnout
Period") the Actual Operating Income of MGA (calculated without regard to the
provisions of this sub-paragraph (d)) was greater than its Targeted Operating
Income for the Prior Earnout Period, the Actual Operating Income of MGA for the
Current Earnout Period (calculated without regard to the provisions of this
sub-paragraph (d)) will be increased by an amount equal to the result of
subtracting the Targeted Operating Income of MGA for the Prior Earnout Period
from the Actual Operating Income of MGA for the Prior Earnout Period
(calculated without regard to the provisions of this sub-paragraph (d))."
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ARTICLE II
MISCELLANEOUS
SECTION 2.1 COUNTERPARTS. This Addendum may be executed in multiple
counterparts, each of which will be deemed to be an original and all of which
will be deemed to be a single agreement. This Addendum will be considered
fully executed when all parties have executed an identical counterpart,
notwithstanding that all signatures may not appear on the same counterpart.
SECTION 2.2 SEVERABILITY. If any of the provisions of this Addendum
are determined to be invalid or unenforceable, such invalidity or
unenforceability will not invalidate or render unenforceable the remainder of
this Addendum, but rather the entire Addendum will be construed as if not
containing the particular invalid or unenforceable provision or provisions,
and the rights and obligations of the parties will be construed and enforced
accordingly. The parties acknowledge that if any provision of this Addendum
is determined to be invalid or unenforceable, it is their desire and intention
that such provision be reformed and construed in such manner that it will, to
the maximum extent practicable, be deemed to be valid and enforceable.
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IN WITNESS WHEREOF, Landmark, MGA and the Former Shareholders have
executed this Agreement as of the date first written above.
LANDMARK GRAPHICS CORPORATION
By: XXXXXXX X. XXXXXXX
__________________________
Its: Vice President, Finance
_______________________
MGI ASSOCIATES. INC.
By: XXXXX X. XxXXXXXX
____________________________
Name: Xxxxx X. XxXxxxxx
Title: President
XXXXX ENGINEERING INC.
By: XXXXXXXX X. XXXXX
____________________________
Name: Xxxxxxxx X. Xxxxx
Title: President
/s/ XXXXX X. XxXXXXXX
____________________________
Xxxxx X. XxXxxxxx
Xxxxxx, Xxxxxx & Xxxxxx, Inc. as
Custodian for the benefit of
Xxxxx X. XxXxxxxx
By: XXX X. XxXXXXXXX
____________________________
Name: Xxx X. XxXxxxxxx
Title: Vice President
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/s/ XXXXXXXXX McMORIDE-XXXXXXX Xxxxxx, Xxxxxx & Xxxxxx, Inc. as
_______________________________ Custodian for the Benefit of
Xxxxxxxxx XxXxxxxx-Xxxxxxx Xxxxxxx X. Xxxxx
/s/ XXXXXXXX X. XxXXXXXX
_______________________________
Xxxxxxxx X. XxXxxxxx By: XXXX X. XxXXXXXX
________________________________
Xxxx X. XxXxxxxx
Name: Xxxx X. XxXxxxxx
/s/ XXXXXXXXXXX X. XxXXXXXX Title: Vice President
_______________________________
Xxxxxxxxxxx X. XxXxxxxx
/s/ XXXXXXXX X. XXXXX
_____________________________________
Xxxxxxxx X. Xxxxx
/s/ XXXXX XXXXXXXX
_______________________________
Xxxxx Xxxxxxxx
Vendanges Investments, Inc.
/s/ XXXXXX X. BAYSTROM
_______________________________ By: XXXXXXXX X. XXXXX
Xxxxxx X. Baystrom _________________________________
Name: Xxxxxxxx X. Xxxxx
Title: President
Xxxxxx, Xxxxxx & Xxxxxx, Inc.
As Custodian for the Benefit of
Xxxxxx X. Baystrom Calyx Investments, Ltd.
By: XXX X. XxXXXXXX By: XXX XXXXX
___________________________ _________________________________
Name: Xxx X. XxXxxxxx Name: Xxx Xxxxx
Title: Vice President Title: Vice President
/s/ XXX X. XXXXXXXXX, XX. /s/ XXXXX X. XXXXXX
_______________________________ _____________________________________
Xxx X. Xxxxxxxxx, Xx. Xxxxx X. Xxxxxx
Xxxxxx, Xxxxxx & Xxxxxx, Inc. /s/ XXXX X. XXXXX
As Custodian for the Benefit of _____________________________________
Xxx X. Xxxxxxxxx, Xx. Xxxx X. Xxxxx
By: XXX X. XxXXXXXXX /s/ XXXXXXX CLOSE
___________________________ _____________________________________
Name: Max R. XxXxxxxxx Xxxxxxx Close
Title: Vice President
/s/ XXXXXXX X. XXXXX
_______________________________
Xxxxxxx X. Xxxxx
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/s/ XXXXX XXXXXXXX /s/ XXX XXXXXX
_________________________________ _________________________________
Xxxxx Xxxxxxxx Xxx Xxxxxx
/s/ XXXX XXXXXXXX /s/ XXXXXX XXXXXXXXX
_________________________________ _________________________________
Xxxx Xxxxxxxx Xxxxxx Xxxxxxxxx
/s/ XXXX XXXXXXX /s/ XXXXX XXXXXXXX
_________________________________ _________________________________
Xxxx Xxxxxxx Xxxxx Xxxxxxxx
/s/ XXXX XXX /s/ XXXXX XXXXXX
_________________________________ _________________________________
Xxxx Xxx Xxxxx Xxxxxx
/s/ XXX XXXXXXX /s/ XXXXXXX XXXXXX
_________________________________ _________________________________
Xxx Xxxxxxx Xxxxxxx Xxxxxx
/s/ XXX XXXX /s/ XXXXXXX XXXX
_________________________________ _________________________________
Xxx Xxxx Xxxxxxx Xxxx
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