Exhibit 10.2

 

EXECUTION VERSION

 

AMENDMENT NO. 1

to

PURCHASE AND SALE AGREEMENT

 

THIS AMENDMENT (this “Amendment”), is dated this 26th day of October, 2012, by
and between Robert Bosch GmbH, a corporation organized under the laws of Germany
(Purchaser”), and SPX Corporation, a Delaware corporation (“SPX”).  Capitalized
terms used and not defined elsewhere in this Amendment shall have the meanings
given them in the Agreement.

 

WHEREAS, Purchaser and SPX are parties to that certain Purchase and Sale
Agreement dated as of January 23, 2012 (the “Agreement”); and

 

WHEREAS, Purchaser and SPX desire to amend the Agreement in the manner set forth
below.

 

NOW, THEREFORE, in consideration of the premises, the mutual agreements
hereinafter set forth, and other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, Purchaser and SPX agree as
follows:

 

ARTICLE I

 

Launch

 

1.1.         Launch Shares.  The Agreement is hereby amended to eliminate the
provisions regarding the purchase and sale of the Launch Shares and to reduce
the Cash Purchase Price to $1,142,450,000.  None of the statements to be
prepared and delivered pursuant to Sections 1.2(e) and 1.5 shall include any
amounts relating to the Launch Shares.  Notwithstanding anything to the
contrary, SPX’s continued ownership of the Launch Shares or exercise of any of
its rights or performance of any of its obligations under the Launch Agreements
(as defined below) at any time after the Closing shall not constitute a
violation of Section 4.5(a).

 

1.2.         Launch Agreements.  Section 4.7 of the Agreement is hereby amended
to delete such section in its entirety and replace it with the phrase
“Intentionally Omitted”, to reflect the fact that the Shareholders Agreement and
the Cooperation Agreement referred to therein (the “Launch Agreements”) are not
being transferred to Purchaser.

 

1.3.         Allocation of Purchase Price.  Exhibit 4 to the Agreement is hereby
deleted in its entirety and replaced with Exhibit 4 attached hereto.

 

ARTICLE II

 

Miscellaneous

 

2.1.         Continuation of Agreement.  The Agreement, as amended hereby, shall
continue in full force and effect.  Except as expressly amended by this
Amendment, the Agreement is hereby ratified and confirmed in all respects.

 

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2.2.         Governing Law.  This Amendment shall be governed in all respects in
accordance with the provisions of Section 12.8 of the Agreement, as amended.

 

2.3.         Counterparts.  This Amendment may be executed (including by
facsimile) in one or more counterparts, each of which shall be deemed an
original, and each of which together shall constitute one and the same
instrument.

 

[Remainder of page intentionally left blank]

 

2

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IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date
first above written.

 

 

SPX CORPORATION

 

 

 

 

 

By:

KEVIN L. LILLY

 

 

Name: Kevin L. Lilly

 

 

Title: Sr. VP, Secretary and General Counsel

 

 

 

 

 

 

 

ROBERT BOSCH GMBH

 

 

 

 

 

 

 

By:

OLIVER FREI

 

 

Name: Oliver Frei

 

 

Title: Vice President

 

 

 

 

 

 

 

By:

H.P. MEYEN

 

 

Name: H.P. Meyen

 

 

Title: Executive Vice President

 

Signature Page — Amendment to Purchase and Sale Agreement

 

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Exhibit 4

 

Allocation of Purchase Price

 

Entity

 

Purchase Price
Allocation

 

SS US

 

45.55

%

SS Germany

 

21.15

%

SS UK

 

14.97

%

SS Italy

 

2.16

%

SS France

 

0.22

%

SS Australia

 

1.98

%

SS China

 

9.14

%

SS Brazil

 

3.63

%

SPX South Korea

 

0.17

%

SS Mexico

 

0.33

%

SPX India

 

0.16

%

SPX Iberica SA

 

0.09

%

SS Japan

 

0.44

%

SS Switzerland

 

0.00

%

The Launch Shares

 

0.00

%

Total

 

100

%

 

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