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December 6, 1993

SOFTKEY AMENDS WORDSTAR AND SPINNAKER MERGER AGREEMENT

By CBR Staff Writer

SoftKey Software Products Inc, Toronto has amended the merger agreement that will see it snap up WordStar International Inc and Spinnaker Software Corp: each Spinnaker shareholder will now receive between 1.599 and 1.641 WordStar common shares for each Spinnaker share, down from the 1.615 to 1.657 WordStar common shares previously; in the event that only SoftKey and Spinnaker merge, SoftKey shareholders will receive between 2.194 and 2.252 Spinnaker common shares for each SoftKey common share held; Spinnaker also said an arbitration panel awarded breach of contract damages of $1.4m to Software Publishing Corp in an arbitration.

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