AMENDMENT NUMBER 1 TO THE SHARE PURCHASE AGREEMENT THIS AMENDMENT NUMBER 1 ("Amendment") to the Share Purchase Agreement of even date herewith between the same parties ("Agreement") is made and entered into as of the 27th day of April, by and among...
AMENDMENT NUMBER 1
TO THE SHARE PURCHASE AGREEMENT
THIS AMENDMENT NUMBER 1 ("Amendment") to the Share Purchase Agreement of even
date herewith between the same parties ("Agreement") is made and entered into as
of the 27th day of April, by and among (i) Intersil Holding Corporation, a
Delaware corporation ("Holding"), (ii) Intersil B.V., a Netherlands corporation
and indirect wholly-owned subsidiary of Holding ("Buyer"), (iii) No Wires Needed
B.V., a Netherlands corporation (the "Company"), (iv) Gilde It Fund B.V., a
Netherlands corporation, (v) Parnib B.V., a Netherlands corporation, (vi) 3Com
Corporation, a California corporation, ("3Com") (vii) Kennet I L.P., a limited
partnership incorporated under the Limited Partnership (Jersey) Law 1994,
Channel Islands, ("Kennet"), (viii) Xxxx X. van der Hoek ("Van der Hoek"), a
private individual residing in the Netherlands, and (ix) the persons listed on
Exhibit I of the Agreement (as from (iv) up to and including (ix) referred to as
the "Shareholder" and collectively the "Shareholders").
RECITALS:
WHEREAS, the parties identified as the Shareholders, the Company, Holding and
the Buyer have entered into the Agreement as of the date hereof; and
WHEREAS, all of the parties desire to amend the Agreement prior to the Closing;
ARTICLE I
1.1. Definitions. Except as may be defined in this Amendment, all of the
capitalized terms shall have the same meaning as set forth in the Agreement.
ARTICLE II
2.2. Amendment.
2.2.1. Section 1.4 of the Agreement is hereby deleted and the following
substituted therefore:
1.4. Exchange Agreement. On the terms and subject to the
conditions of this Agreement, at the Closing each Optionholder
and Buyer will enter into the Exchange Agreement, whereby each
Optionholder agrees to receive that number of shares of
Holding Common Stock set forth on Schedule 1.4 hereof in lieu
of shares to purchase Company Common Stock upon exercise of
such Optionholder's Options and payment of the applicable
exercise price.
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2.2.2. The designation of the Preferred Shares in Section 4.3 as 12
1/2% (twelve and one half percent) Cumulative Compound Convertible is hereby
deleted.
2.2.3. Section 5.3 of the Agreement is hereby deleted and the following
substituted therefore:
5.3. US Securities Registration. The distribution of the
Holding Common Stock to the Shareholders hereunder is being
made pursuant to an effective registration statement under the
United States Securities Act of 1933 (the "Securities Act").
Affiliates (as that term is defined in Rule 144 under the
Securities Act) of the Company who do not become affiliates of
Holding may resell the Holding Common Stock pursuant to an
effective registration statement under the Securities Act
covering such shares, or in compliance with Rule 145
promulgated under the Securities Act or another applicable
exemption from the registration requirements of the Securities
Act. Shareholders who are not affiliates of the Company or
Holding may resell the Holding Common Stock without an
effective registration statement under the Securities Act.
2.2.4. Section 6.1(b) is hereby deleted and the following substituted
therefore:
6.1(d) Insurance. The Shareholders' Vendors Indemnity and
Warranty Insurance Policy (the "Insurance Policy") shall have
been delivered to the Holding, together with evidence
satisfactory to the Holding and the Shareholders that the
insurance premium for the Insurance Policy has been paid or
shall be paid by Holding or, alternatively the Shareholders
may increase the Escrow Funds within 14 days after the Closing
with US$ 238,000 which may be used at the option of the
Shareholders to take the Insurance Policy within 6 months from
Closing and, alternatively this amount shall stay in escrow
until it is in all reasonableness evident to Buyer based on
amongst others, a tax risk assessment prepared by Ernst &
Young, that there are no breaches of the tax representations
and warranties as contained in section 3.17 anticipated. Such
amount or any amounts remaining shall be released by Buyer to
the Shareholders within 7 years hereof. This amount shall
substitute the Insurance Policy where relevant.
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ARTICLE III
3.1. Full Force and Effect. Except as amended by this Amendment, all other
terms and conditions of the Agreement remain unchanged and in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement in two or
more counterparts, each of which shall be deemed one and the same instrument, as
of the day and year first above written.
HOLDING:
-------
INTERSIL HOLDING CORPORATION
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
BUYER:
-----
INTERSIL B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
PARNIB B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
3COM CORPORATION
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
KENNET I L.P.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
XXXX X. VAN DER HOEK
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
XXXXXX XXXXXXXXX XXXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
X.X. XXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
XXXX XXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
XXXXXXX XXXXXX XXXXXXXXX XXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
ARNOUD XXXXXXXX XXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
X. XXX XXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X.X. XXXXXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
N. ARBEITSTEIN
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X.X. XXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
X. XXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. XXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. XXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X.X. XXXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
B.H. VAN DEN HEUVEL
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
PROCESSOR LEUSDEN B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
Q4 HOLDING B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. XXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
X. XXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. X. XXXXXX BEHEER B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X.X. XXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
C.I. KOUWENHOVEN
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
H. VAN LEEUWEN
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
F.M.A. VAN LIESHOUT
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
WHEP BEHEER B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X.X. XXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
X. X. XXXXX-XXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. XXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
M. J. M. XXXXXX-XXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. X. XXXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
X. X. XXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. XXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. X. XXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
HAPIN B. V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
U. J. DE BOER
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
M. C. VAN BOMMEL
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
A. M. M. JOBSE
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. XXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
S. D. JOBSE
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
M. A. JOBSE
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. X. XXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
RJR MANAGEMENT B.V.
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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SHAREHOLDERS (continued)
H. J. VAN OENE
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
R. S. VAN BOMMEL
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
A. D. JOBSE
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
X. X. XXXXXXXXXX
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
D. A. DOORNHEIN
By:
---------------------------------
Name:
---------------------------------
Title:
---------------------------------
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