EXHIBIT 2.3
ADDENDUM NO. 2
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STOCK PURCHASE AND SALE AGREEMENT
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This ADDENDUM No. 2 dated as of the 20th, day of September, 1996, to the
original Agreement dated and entered into as of the 6th day of September 1996,
by and among Tuboscope Pipeline Services, Inc., a Texas corporation (hereinafter
referred to as "Purchaser") and Vetco Pipeline Services, Inc., a Texas
corporation (hereinafter referred to as "Company"), Rauma USA, Inc. a Delaware
corporation (hereinafter referred to as "Seller" and/or "Shareholder"), and
Rauma Corporation, a Finland corporation (hereinafter referred to as
"Guarantor").
It is expressly agreed and acknowledged that Vetco Pipeline Services Mexico,
Inc. is hereby deleted in its entirely from Schedule 4.3 of the above referenced
Agreement in that its shares have been transferred from Company to Seller with
the consent and approval of all parties hereto.
It is further expressly agreed and acknowledged that the requirement for the
resignation of ▇▇▇▇ de Ma ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ as a director of Vetco Pipeline
Services S.A. de C.V. prior to closing is hereby waived by all parties.
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TUBOSCOPE PIPELINE SERVICES INC.
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VETCO PIPELINE SERVICES INC.
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RAUMA USA, INC.
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RAUMA CORPORATION
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