FIRST AMENDMENT
TO
AGREEMENT AND PLAN OF MERGER
This First Amendment to Agreement and Plan of Merger dated as of this 22nd
day of November, 1996 (the "Amendment"), by and among ANALOGY, INC., an Oregon
corporation ("Analogy"), ANALOGY ACQUISITION CORPORATION, an Oregon corporation
and a wholly owned subsidiary of Analogy ("Subsidiary"), and SYMMETRY DESIGN
SYSTEMS, INC., a California corporation ("Symmetry").
WITNESSETH:
WHEREAS, the Parties have previously executed that certain Agreement and
Plan of Merger (the "Agreement"), dated as of October 23, 1996, by and among
Analogy, Symmetry and Subsidiary; and
WHEREAS, Analogy, Symmetry and Subsidiary desire to amend the Agreement to
revise certain of the terms and conditions contained therein relating to the
escrow of shares of Analogy's common stock;
NOW, THEREFORE, in consideration of the foregoing premises and other good
and valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the Parties hereby agree as follows:
1. Section 3.1(b) of the Agreement shall be hereby amended by deleting
the text of such Section 3.1(b) in its entirety and substituting the following
therefor:
"(b) FIXED MERGER CONSIDERATION means 90.9% of the Total Merger
Consideration (590,784 shares of Analogy common stock)."
2. Section 3.1(c) of the Agreement shall be hereby amended by deleting
the text of such Section 3.1(c) in its entirety and substituting the following
therefor:
"(c) CONTINGENT MERGER CONSIDERATION means 9.1% of the Total Merger
Consideration (59,216 shares of Analogy common stock)."
3. Section 3.1(d) of the Agreement shall be hereby amended by deleting
the text of such Section 3.1(d) in its entirety and substituting the following
therefor:
"(d) PRO RATA SHARE means that portion of the Fixed Merger Consideration,
Clause (i) Escrow Fund, Clause (ii) Escrow Fund, or Representatives' Fund (as
the case may be), allocable to each Shareholder (as hereinafter defined) as set
forth on Exhibit 3.1(d) attached hereto."
4. The first sentence of Section 10.1(e) shall be hereby amended by
deleting such sentence in its entirety and substituting the following therefor:
1 - First Amendment
"Analogy shall deposit the Contingent Merger Consideration in escrow under
the Escrow Agreement, in three certificates: one for 26,182 shares of the
Contingent Merger Consideration (the "Clause (i) Escrow Fund"), one for 31,850
shares of the Contingent Merger Consideration (the "Clause (ii) Escrow Fund"),
and one for 1,184 shares of the Contingent Merger Consideration (the
"Representative's Fund")."
5. The third sentence of Section 10.1(e) shall be hereby amended by
inserting the following prior to the period at the end of such sentence:
";provided, however, that Martin Walker shall not be entitled to receive
any shares of the Analogy common stock held in the Clause (i) Escrow Fund, and,
provided further, that Martin Walker shall be entitled to receive not more than
5,785 shares of the Analogy common stock held in the Clause (ii) Escrow Fund."
6. Any capitalized term used but not defined herein, shall have the
meaning ascribed to it in the Agreement.
7. Except as amended hereby, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed
intending it to be effective as of the date first hereinabove written.
ANALOGY, INC. SYMMETRY DESIGN SYSTEMS, INC.
By: /s/ Gary Arnold By: /s/ Alan Grebene
------------------------------------- -------------------------------
Gary Arnold, President and Chief Alan Grebene, President and
Executive Officer Chief Executive Officer
ANALOGY ACQUISITION CORPORATION FOR THE PURPOSE OF ACCEPTING HIS
APPOINTMENT AND ASSUMING HIS
OBLIGATIONS AS SHAREHOLDER
By: /s/ Gary Arnold REPRESENTATIVE PURSUANT TO ARTICLE
------------------------------------- X ONLY:
Gary Arnold, President
/s/ Alan Grebene
-------------------------------
Alan Grebene
2 - First Amendment
Exhibit 3.1 (d)
PRO RATA SHARE
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CONTINGENT
FIXED MERGER MERGER CLAUSE(I) CLAUSE(II) REPRESENTATIVE'S
CONSIDERATION CONSIDERATION ESCROW FUND ESCROW FUND FUND
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ALAN GREBENE 42.297354% 46.889354% 51.967000% 42.715856% 46.875000%
- ----------------------------------------------------------------------------------------------------------------------------
CHENMIN HU 24.673485% 27.350716% 30.310901% 24.916797% 27.364865%
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MARTIN WALKER 18.602907% 9.769319% 0.000000% 17.799058% 9.797298%
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ANDREW HUGHES 10.574424% 11.721494% 12.989840% 10.678179% 11.739865%
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WENGE WU 0.881202% 0.977776% 1.084715% 0.891680% 0.929054%
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E-HUI XU 0.881202% 0.977776% 1.084715% 0.891680% 0.929054%
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XINPING HE 0.572798% 0.634964% 0.702773% 0.577708% 0.675676%
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YU LIU 0.458882% 0.508309% 0.565274% 0.464678% 0.422297%
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ZHENG SHI 0.352582% 0.390097% 0.431594% 0.354788% 0.422297%
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QING CHANG 0.352582% 0.390097% 0.431594% 0.354788% 0.422297%
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JOHN WILSON 0.352582% 0.390097% 0.431594% 0.354788% 0.422297%
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TOTAL: 100.000000% 100.000000% 100.000000% 100.000000% 100.000000%
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