EX-2.2 3 v65102a1ex2-2.txt EXHIBIT 2.2 1 EXHIBIT 2.2 AGREEMENT RE FINAL CLOSING DATE PRO FORMA ASSET VALUE LIST AND RELATED TOTAL VALUE Telect, Inc., Thomas & Betts Corporation and Thomas & Betts International, Inc., hereby agree that in accordance with Section 2(f) of the Asset Purchase Agreement dated March 6, 2000, Exhibit A hereto represents the final determination of the Closing Date Pro Forma Asset Value List and related Total Value. DATED: August _____, 2000. TELECT, INC. THOMAS & BETTS CORPORATION By:_______________________________ By:_____________________________________ Name: ____________________________ Name: __________________________________ Title:____________________________ Title:__________________________________ THOMAS & BETTS INTERNATIONAL, INC. By:_____________________________________ Name: __________________________________ Title:__________________________________ 2 EXHIBIT A FINAL CLOSING DATE PRO FORMA ASSET VALUE LIST AND RELATED TOTAL VALUE
---------------------------------------------------------------------- DESCRIPTION AMOUNT ---------------------------------------------------------------------- Attleboro $ 2,463,985 Firestation/Monterrey 2,645,083 Sparks 223,460 Bromont/Canada 64,809 After-discovered Inventory 372,237 ----------- Total Inventory 5,769,574 Fixed Assets 266,480 Intellectual Property 4,011,000 ----------- Total Final Purchase Price (Total Value) 10,047,054 Total Original Purchase Price 10,941,480 ----------- Amount Due Telect $ 894,426 ===========
*There are four (4) Steinwall molds currently being shared by Telect and T&B. As of September 15, 2000, the molds will be Telect's sole and separate property. T&B will advise Steinwall of the change in ownership.