Restated Articles of Organization

Exhibit 2.2

WHEREAS, the parties entered into a Share Sale and Purchase Agreement dated 25 April 2018 concerning the sale and purchase of 100% of the issues and outstanding shares in Mobile Industrial Robots A/S.

WHEREAS, the Sellers sold the shares of the Company and the Buyer purchased the shares of the Company on 25 April 2018.

WHEREAS, the Agreement included a 2018 Revenue Earn-Out, a Phase-1 Revenue Earn-out and a Phase-2 Revenue Earn-Out.

WHEREAS, the Parties wish to modify and amend the terms of the Phase-1 Revenue Earn-Out and the Phase-2 Revenue Earn-Out as hereinafter set forth:

The minimum EBIT Margin for the Phase-1 Revenue Period shall be changed from 16% to 9% under clause 6.3.1 and Schedule 6.2.1 of the Agreement. The maximum Earn-Out Payment with respect to the Phase-1 Revenue Earn-Out shall be reduced from EUR 35,200,000 to EUR 17,600,000. Accordingly, the Sellers shall be entitled to a linear Earn-Out Payment of EUR 0.09778 for every DKK 1 of consolidated Revenues of the Group during the Phase-1 Revenue Period that exceeds the Phase-1 Revenue Hurdle up to a maximum Earn-Out Payment of EUR 17,600,000 if the Phase-1 Revenue Target is met or exceeded. All other terms related to the Phase-1 Revenue Earn-Out shall remain unchanged.

The minimum EBIT Margin for the Phase-2 Revenue Period shall be changed from 17% to 11% under clause 6.4.1 and Schedule 6.2.1 of the Agreement. The maximum Earn-Out Payment with respect to the Phase-2 Revenue Earn-Out shall be increased from EUR 38,800,000 to EUR 56,400,000. Accordingly, the Sellers shall be entitled to a linear Earn-Out Payment of EUR 0.15667 for every DKK 1 of consolidated Revenues of the Group during the Phase-2 Revenue Period that exceeds the Phase-2 Revenue Hurdle up to a maximum Earn-Out Payment of EUR 56,400,000 if the Phase-1 Revenue Target is met or exceeded.

In addition, the Earn-Out Payment for the Phase-2 Revenue Earn-Out Period is subject to a multiplier from 0% to 100% for EBIT Margin during the Phase-2 Revenue Period between 11% and 15% calculated as follows:

All other terms related to the Phase-2 Revenue Earn-Out shall remain unchanged.

The Business Plan attached as Schedule 6.9 to the Agreement shall be modified as described in the attached Business Plan modification exhibit. The Parties agree that this Business Plan modification is a requirement for the changes to the Phase-2 Revenue Earn Out in Section 2 above. The Parties further agree that the Business Plan modification shall not constitute non-compliance with any of the provisions of Clause 6 (Earn Outs) of the Agreement, including for the avoidance of doubt clause 6.9. Consequently, such Business Plan modification shall not entitle any Seller(s) to raise any claims for adjustment of the Revenues or EBIT pursuant to clause 6.9.7 of the Agreement.

The terms defined in this Amendment have the defined meanings when used in the Agreement and in any Schedule, appendix, certificate or other document delivered or made available pursuant thereto. The Parties may execute this Amendment in multiple counterparts, all of which constitute one amendment. The signatures of all Parties need not appear on the same counterpart and the delivery of signed counterparts may be in pdf. format by email transmission which shall be as effective as originals.

The calculation changes for the Phase 1 and 2 Earn Out Periods outlined in sections 1 and 2 above also shall apply to the Employee Bonus Plan.

SEPARATE SIGNATURE PAGE TO FOLLOW

Signature page to Amendment No. 1 to Share Sale and Purchase Agreement

For Teradyne Robotics Holdings Denmark ApS				Teradyne, Inc. (as Guarantor)
Name:				Name:
For Jaccon 2 ApS				For TPC Management ApS
Name:				Name:
For Esben ApS				For Visti Jensen Holding ApS
Name:				Name:
For juul Holding ApS
Name: