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Agreement and Plan of Merger

 

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Title:

Agreement and Plan of Merger

Entities:

Icop Digital, Inc

Date:

2004

Size:

Preview shows 5KB of 81KB total

Price:

$51

ID:

#1405737

 

 

► Plans ► Agreements ► Agreements & Plans of Merger

 

 

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                          AGREEMENT AND PLAN OF MERGER

                                   dated as of

                                December 31, 2003

                                      among

              VISTA EXPLORATION CORPORATION (a Nevada corporation)

             ICOP ACQUISITION CORPORATION (a Colorado corporation),

                                       and

                    ICOP DIGITAL, INC. (a Nevada corporation)




                                Table of Contents

                                                                            Page


ARTICLE I THE MERGER...........................................................1

         Section 1.1.      The Merger..........................................1
         Section 1.2.      Closing.............................................2
         Section 1.3.      Effective Time......................................2
         Section 1.4.      Effects of the Merger...............................2
         Section 1.5.      Certificate of Incorporation........................2
         Section 1.6.      Bylaws..............................................2
         Section 1.7.      Directors of Surviving Corporation and VISTA........2
         Section 1.8.      Officers of Surviving Corporation and VISTA.........2
         Section 1.9.      Effect on Capital Stock.............................2
                  (a)      Conversion of ICOP Common Stock.....................2
                  (b)      Capital Stock of Merger Sub.........................3
         Section 1.10.     Exchange of Certificates............................3
                  (a)      Exchange at Closing.................................3
                  (b)      No Further Ownership Rights in ICOP Capital Stock...3
                  (c)      Further Assurances..................................3

ARTICLE II COVENANTS RELATING TO CONDUCT OF BUSINESS...........................3

         Section 2.1.      Covenants of ICOP...................................3
         Section 2.2.      Covenants of VISTA and Merger Sub...................5
         Section 2.3.      Advice of Changes; Governmental Filings.............6

ARTICLE III REPRESENTATIONS AND WARRANTIES.....................................6

         Section 3.1.      Representations and Warranties of ICOP..............6
                  (a)      Organization and Standing of ICOP...................6
                  (b)      Authority; No Conflicts.............................6
                  (c)      Capitalization of ICOP and Indebtedness for
                           Borrowed Moneys.....................................7
                  (d)      ICOP Financial Statements...........................7
                  (e)      Present Status......................................8
                  (f)      Litigation..........................................8
                  (g)      Compliance With the Law and Other Instruments.......8
                  (h)      Title to Properties and Assets......................8
                  (i)      Records.............................................8
                  (j)      Absence of Certain Changes or Events................9
                  (k)      Taxes...............................................9
                  (l)      ICOP Benefit Plans..................................9
                  (m)      Finders and Advisors................................9
                  (n)      Vote Required.......................................9
                  (o)      Full Disclosure.....................................9
         Section 3.2.      Representations and Warranties by VISTA.............9
                  (a)      Organization and Standing of VISTA.................10
                  (b)      Authority; No Conflicts............................10


                                       i




                  (c)      Capitalization of VISTA and Indebtedness for
                           Borrowed Moneys....................................11
                  (d)      VISTA SEC Reports and Financial Statements.........11
                  (e)      Present Status.....................................11
                  (f)      Litigation.........................................11
                  (g)      Compliance With the Law and Other Instruments......12
                  (h)      Records............................................12
                  (i)      Absence of Certain Changes or Events...............12
                  (j)      Taxes..............................................12
                  (k)      VISTA Benefit Plans................................12
                  (l)      Finders and Advisors...............................12


 

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