EXHIBIT 2.2
AMENDMENT TO
SECURITIES PURCHASE AGREEMENT
This AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT (the "Amendment")
is entered into as of July 10, 2003, by and between XGI Technology, Inc. (the
"COMPANY") and Trident Microsystems (Far East) Ltd., a Cayman Islands, B.W.I.
corporation ("TMFE")
RECITALS
The parties wish to amend that certain Securities Purchase Agreement
dated June 10, 2003 (the "AGREEMENT") by and between the Company and TMFE, upon
the terms and conditions set forth herein.
The parties incorrectly provided in Section 2.2 of the Agreement that
the purchase price to be paid by the Company to TMFE for the securities of XGI
Cayman Ltd. would include US $1,000,000.
The Company intends to purchase certain inventory directly from TMFE
with such $1,000,000.
NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth herein, the receipt and sufficiency of which are hereby acknowledged,
the parties hereby agree as follows:
1. The first paragraph to the Agreement shall be amended to correct the name
of TMFE's wholly owned subsidiary from XGI Cayman Ltd. to XGi Technology
Inc. (Cayman).
2. Section 2.2 of the Agreement is hereby amended by deleting such Section 2.4
in its entirety and replacing it with the following language:
"2.2 SALE. Subject to the terms and conditions hereof, at the
Closing (as such term is hereinafter defined), TMFE will sell and
transfer to XGI, all of the Stock for an aggregate purchase price of NT
$450,000,000.
2. Except as specifically amended herein, the Agreement shall remain in
full force and effect and is unaffected by the terms hereof.
3. All capitalized terms not otherwise defined herein shall have the
meanings ascribed to them in the Agreement. Each reference to a section number
shall, unless otherwise expressly provided herein, refer to such enumerated
section of the Agreement.
4. This Amendment may be executed in any number of counterparts, each of
which shall be deemed to be an original as against any party whose signature
appears thereon, and all of which shall together constitute one and the same
instrument. This Amendment shall become binding when all or more counterparts
hereof, individually or taken together, shall bear the signatures of all of the
parties reflected hereto as signatories.
IN WITNESS WHEREOF, this Amendment has been executed and delivered by
the parties set forth below.
COMPANY: XGI TECHNOLOGY INC.
By: /s/ Xxxxx Xxx
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Xxxxx Xxx, President
TMFE: TRIDENT MICROSYSTEMS (FAR EAST) LTD.
By: /s/ Xxxxx Xxx
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Xxxxx Xxx, Chief Executive Officer and President