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Title: |
Stock Purchase Agreement |
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Date: |
2000 |
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Preview shows 12KB of 54KB total |
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$45 |
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ID: |
#1358096 |
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STOCK PURCHASE AGREEMENT
BETWEEN
ELISKA WIRELESS VENTURES I, INC.
AND
POWERTEL, INC.
DATED AS OF MAY 30, 2000
<PAGE> 2
TABLE OF CONTENTS
<TABLE>
<S> <C>
ARTICLE I DEFINITIONS........................................................................................ 1
SECTION 1.1 Certain Defined Terms......................................................... 1
ARTICLE II PURCHASE AND SALE................................................................................. 4
SECTION 2.1 Purchase and Sale of the Shares............................................... 4
SECTION 2.2 Purchase Price................................................................ 4
SECTION 2.3 Closing....................................................................... 4
SECTION 2.4 Closing Deliveries by the Seller.............................................. 4
SECTION 2.5 Closing Deliveries by the Purchaser........................................... 4
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE SELLER..................................................... 4
SECTION 3.1 Organization, Authority and Qualification of the Seller....................... 5
SECTION 3.2 Capitalization of the Seller.................................................. 5
SECTION 3.3 Subsidiaries.................................................................. 6
SECTION 3.4 No Conflict................................................................... 6
SECTION 3.5 Governmental Consents and Approvals........................................... 6
SECTION 3.6 Compliance with Laws.......................................................... 6
SECTION 3.7 Private Placement............................................................. 6
SECTION 3.8 Brokers....................................................................... 6
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASER................................................... 7
SECTION 4.1 Organization and Authority of the Purchaser................................... 7
SECTION 4.2 Investment Purpose............................................................ 7
SECTION 4.3 Accredited Investor........................................................... 7
SECTION 4.4 Brokers....................................................................... 7
ARTICLE V ADDITIONAL AGREEMENTS.............................................................................. 8
SECTION 5.1 Filing of Second Amended and Restated Certificate of
Incorporation................................................................. 8
SECTION 5.2 Regulatory and Other Authorizations; Notices and Consents..................... 8
SECTION 5.3 Resale Restrictions........................................................... 8
SECTION 5.4 Registration of Shares........................................................ 9
SECTION 5.5 Reservation of Common Stock................................................... 9
SECTION 5.6 Further Action................................................................ 9
SECTION 5.7 Restriction on Transfer....................................................... 9
SECTION 5.8 Designation of Director....................................................... 9
ARTICLE VI CONDITIONS TO CLOSING............................................................................. 9
SECTION 6.1 Conditions to Obligations of the Seller....................................... 9
SECTION 6.2 Conditions to Obligations of the Purchaser.................................... 10
ARTICLE VII SURVIVAL......................................................................................... 11
SECTION 7.1 Survival of Representations and Warranties.................................... 11
ARTICLE VIII TERMINATION AND WAIVER.......................................................................... 12
SECTION 8.1 Termination................................................................... 12
SECTION 8.2 Effect of Termination......................................................... 13
SECTION 8.3 Waiver........................................................................ 13
</TABLE>
i
<PAGE> 3
<TABLE>
<S> <C>
ARTICLE IX GENERAL PROVISIONS................................................................................ 13
SECTION 9.1 Expenses...................................................................... 13
SECTION 9.2 Notices....................................................................... 13
SECTION 9.3 Public Announcements.......................................................... 14
SECTION 9.4 Headings...................................................................... 15
SECTION 9.5 Severability.................................................................. 15
SECTION 9.6 Entire Agreement.............................................................. 15
SECTION 9.7 Assignment.................................................................... 15
SECTION 9.8 No Third Party Beneficiaries.................................................. 15
SECTION 9.9 Amendment..................................................................... 15
SECTION 9.10 Governing Law................................................................. 16
SECTION 9.11 Counterparts.................................................................. 16
SECTION 9.12 Specific Performance.......................................................... 16
</TABLE>
ANNEX I SECOND AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
EXHIBIT A ELISKA AGREEMENT
EXHIBIT B SONERA AGREEMENT
ii
<PAGE> 4
This STOCK PURCHASE AGREEMENT, dated as of May 30, 2000, is entered
into between ELISKA WIRELESS VENTURES I, INC., a Delaware corporation (the
"Seller"), and POWERTEL, INC., a Delaware corporation (the "Purchaser").
WITNESSETH:
WHEREAS, the Seller wishes to issue and to sell to the Purchaser, and
the Purchaser wishes to purchase from the Seller, shares of the Seller's Series
A preferred stock (the "Series A Preferred Stock"), upon the terms and subject
to the conditions set forth herein and as of the closing of the transaction
contemplated herein; and
WHEREAS, the terms of the Series A Preferred Stock are set forth in the
form of the Second Amended and Restated Certificate of Incorporation attached as
Annex I hereto (the "Second Amended and Restated Certificate of Incorporation");
NOW, THEREFORE, in consideration of the premises and the mutual
agreements and covenants hereinafter set forth, the Purchaser and the Seller
hereby agree as follows:
ARTICLE I
DEFINITIONS
SECTION 1.1 Certain Defined Terms. As used in this Agreement, the
following terms shall have the following meanings:
"Action" means any claim, action, suit, arbitration, inquiry,
proceeding or investigation by or before any Governmental Authority.
"Affiliate" means, with respect to any specified Person, any other
Person that directly, or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with, such specified
Person.
"Aggregate Purchase Price" has the meaning specified in Section 2.2.
"Agreement" or "this Agreement" means this Stock Purchase Agreement,
dated as of May 30, 2000, between the Seller and the Purchaser (including the
Annex and the Exhibits hereto) and all amendments hereto made in accordance with
the provisions of Section 9.9.
"Asset Purchase Agreement" has the meaning specified in Section 8.1(c).
"Assets" means the properties, assets (including, without limitation,
Licenses) and contract rights used in the conduct of the Business or otherwise
owned, leased or used by the Seller or any Subsidiary or, with respect to
contract rights, to which the Seller or any Subsidiary is a party or is bound.
<PAGE> 5
"Business" means the business of the Seller and any Subsidiary as
currently conducted.
"Business Day" means any day other than a Saturday, Sunday or a day on
which banking institutions in the State of Georgia are authorized or obligated
by law or executive order to close.
"Closing" has the meaning specified in Section 2.3.
"Closing Date" has the meaning specified in Section 2.3.
"Common Stock" means the common stock of the Seller.
"DiGiPH Entities" has the meaning specified in Section 8.1(c).
"DiGiPH Transaction" means (a) the acquisition of all or substantially
all of the stock or assets of DiGiPH PCS, Inc. by the Seller, pursuant to that
certain Asset Purchase Agreement of even date herewith between such parties and
(b) the series of transactions pursuant to the agreements identified in Schedule
1.1 between and among, as applicable, the Seller, the Purchaser, Eliska Wireless
Investors I, L.P and Sonera Holding B.V.
"Eliska" has the meaning specified in Section 3.2.
"Eliska Agreement" has the meaning specified in Section 3.2.
"Encumbrance" means any security interest, pledge, mortgage, lien,
charge, encumbrance, adverse claim, preferential right, arrangement or
restriction of any kind, including, without limitation, any restriction on the
use, voting, transfer, receipt of income or other exercise of any attributes of
ownership.
"FCC" means the United States Federal Communications Commission.
"FCC Licenses" means all licenses granted by the FCC to the Seller for
and related to the provision of personal communications services in connection
with the Business.
"FCC Rules" has the meaning specified in Section 5.7.
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