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Agreement and Plan of Merger
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Title:
Agreement and Plan of Merger
Entities:
Telesciences Inc
Date:
2002
Size:
Preview shows 6KB of 212KB total
Price:
$80
ID:
#1402628
► Plans ► Agreements ► Agreements & Plans of Merger
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                          AGREEMENT AND PLAN OF MERGER



                                  BY AND AMONG



                                   P-COM, INC.



                                 XT CORPORATION



                                       AND



                       TELAXIS COMMUNICATIONS CORPORATION



                          DATED AS OF SEPTEMBER 9, 2002















<PAGE>







                                Table of Contents



                                                                           Page

                                                                           ----



Article I THE MERGER.........................................................1

         1.1      The Merger.................................................1

         1.2      Effective Time.............................................2

         1.3      Effect of the Merger.......................................2

         1.4      Articles of Organization; By-laws..........................2

         1.5      Directors and Officers.....................................2

         1.6      Effect on Capital Stock....................................2

         1.7      Surrender of Certificates..................................4

         1.8      No Further Ownership Rights in Company Common Stock........6

         1.9      Lost, Stolen or Destroyed Certificates.....................6

         1.10     Tax Consequences...........................................6

         1.11     Taking of Necessary Actions; Further Action................6

Article II REPRESENTATIONS AND WARRANTIES OF THE COMPANY.....................6

         2.1      Organization of the Company................................6

         2.2      Company Capital Structure..................................7

         2.3      Obligations With Respect to Capital Stock..................8

         2.4      Authority..................................................8

         2.5      SEC Filings; Company Financial Statements..................9

         2.6      Absence of Certain Changes or Events......................10

         2.7      Taxes.....................................................10

         2.8      Absence of Liens and Encumbrances.........................12

         2.9      Intellectual Property.....................................12

         2.10     Agreements, Contracts and Commitments.....................13

         2.11     No Default................................................14

         2.12     Governmental Authorization................................14

         2.13     Litigation................................................14

         2.14     Environmental Matters.....................................14

         2.15     Brokers' and Finders' Fees................................15

         2.16     Labor Matters.............................................15

         2.17     Employee Benefit Plans....................................15

         2.18     Compliance With Laws......................................17

         2.19     Registration Statement; Proxy Statement/Prospectus........17

         2.20     Board Approval............................................17

         2.21     Fairness Opinion..........................................18

         2.22     Antitakeover Laws.........................................18

         2.23     Rights Agreement..........................................18

Article III REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB.........18

         3.1      Organization of Parent and Merger Sub.....................18

         3.2      Capital Structure.........................................19

         3.3      Obligations With Respect to Capital Stock.................19



                                       i

<PAGE>







                          Table of Contents (Continued)

                                                                           Page

                                                                           ----



         3.4      Authority.................................................20

         3.5      SEC Filings, Parent Financial Statements..................21

         3.6      Absence of Certain Changes or Events......................22

         3.7      Taxes.....................................................22

         3.8      Absence of Liens and Encumbrances.........................23

         3.9      Intellectual Property.....................................23

         3.10     Agreements, Contracts and Commitments.....................24

         3.11     No Default................................................25

         3.12     Governmental Authorization................................25

         3.13     Litigation................................................25

         3.14     Environmental Matters.....................................25

         3.15     Broker's and Finders' Fees................................26

         3.16     Labor Matters.............................................26

         3.17     Employee Benefit Plans....................................26

         3.18     Compliance With Laws......................................28

         3.19     Registration Statement; Proxy Statement/Prospectus........28

         3.20     Board Approval............................................28

         3.21     Fairness Opinion..........................................28
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