Exhibit 10.2
EXECUTION COPY
AMENDMENT NO. 2 TO PURCHASE AND SALE AGREEMENT
This AMENDMENT NO. 2 TO PURCHASE AND SALE AGREEMENT (this “Second Amendment”) dated as of December 28, 2007, is by and among ASC Signal Corporation, a corporation incorporated under the laws of Delaware (the “Purchaser”), Andrew Corporation, a Delaware corporation (“Andrew”), and Andrew Canada Inc., Andrew Limited, Andrew Holdings (Germany) GmbH, (each a “Seller”, and collectively with Andrew, the “Sellers”). Purchaser and Sellers may be referred to individually as a “Party” and collectively as the “Parties.”
WHEREAS, the Parties have previously entered into that certain Purchase and Sale Agreement (the “Original Agreement”), made as of November 5, 2007;
WHEREAS, the Parties have previously entered into that certain Amendment No. 1 to Purchase and Sale Agreement, made as of December 20, 2007, amending the Original Agreement;
WHEREAS, the Purchaser has requested an extension of certain deadlines contained in the Original Agreement to allow it to secure the financing needed to fund its acquisition of the Business;
WHEREAS, in an effort to facilitate such request, the Sellers have agreed to extend certain deadlines contained in the Original Agreement in connection with the Purchaser’s efforts to secure adequate financing; and
WHEREAS, the Parties desire to further amend the Original Agreement, as permitted by Section 13.2 thereof;
NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants set forth herein, the Parties agree as follows:
1. Amendment to Section 9.1. Section 9.1 of the Original Agreement is hereby amended to (i) delete “November 30, 2007” from this Section and replace such date with “January 31, 2008” and (ii) delete “12:01 a.m. (central standard time)” from this Section and replace such time with “the close of business (central standard time)”.
2. Amendment to Section 10.1(b). Section 10.1(b) of the Original Agreement is hereby amended to delete “December 30, 2007” from this Section and replace such date with “January 31, 2008”.
3. Amendment to Section 11.9. Section 11.9 of the Original Agreement is hereby amended and restated as follows:
Effective as of February 1, 2008, the Purchaser shall, or shall cause an Affiliate of the Purchaser to, take all action necessary or otherwise appropriate to have the entity employing Transferred US Employees adopt and become a participating employer in a cafeteria plan within the meaning of Section 125 of the Code maintained for the benefit of the