Amendment No. 1 to Master Sale and Purchase Agreement between W.C. Heraeus GmbH and Kulicke and Soffa Industries, Inc.
This amendment updates the original Master Sale and Purchase Agreement dated July 31, 2008, between W.C. Heraeus GmbH and Kulicke and Soffa Industries, Inc. The changes include setting the target working capital at $94,633,829 (with $19,548,548 allocated for inventory) and replacing certain schedules and annexes in the original agreement. Both parties have agreed to these modifications as of September 5, 2008.
Exhibit 2.2
September 5, 2008
Kulicke and Soffa Industries, Inc.
1005 Virginia Drive
Ft. Washington, PA 19034
Re: Amendment No. 1 to MSPA
Dear Sir:
Reference is made to that certain Master Sale and Purchase Agreement dated as of July 31, 2008 (the MSPA) by and between W.C. Heraeus GmbH and Kulicke and Soffa Industries, Inc. (and its Subsidiaries by joinder). This letter confirms our agreement to amend the MSPA as follows (terms used but not defined herein shall have the meaning as set forth in the MSPA):
1. Target Working Capital shall be $94,633,829, which includes $19,548,548 for Inventory.
2. Schedule 1.4 attached hereto, including the Annexes thereto, shall replace and supersede in its entirety Schedule 1.4 of the MSPA, including Annex 1.4 thereto.
3. Annex 1.4(a) to Schedule 1.4 attached hereto shall replace and supersede in its entirety Schedule 2.4(a)(ii) of the MSPA.
Very truly yours, | ||||||
W.C. HEREAUS GMBH | ||||||
By: | /s/ Dr. Roland Gerner | By: | /s/ Alfons Link | |||
Name: | Dr. Roland Gerner | Name: | Alfons Link | |||
Title: | Managing Director | Title: | Vice President |
ACKNOWLEDGED AND AGREED TO | ||
ON BEHALF OF SELLER AND THE | ||
OTHER SELLER PARTIES: | ||
KULICKE AND SOFFA INDUSTRIES, INC. | ||
By: | /s/ Maurice E. Carson | |
Name: | Maurice E. Carson | |
Title: | Senior Vice President and Chief Financial Officer |