Preview | Agreement and Plan of Merger |


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	Article I. The Merger

Section 1.1		The Merger		1
Section 1.2		Effective Time		1
Section 1.3		Effect of the Merger		1
Section 1.4		Certificate of Incorporation; Bylaws		1
Section 1.5		Directors and Officers		1
Section 1.6		Closing		2
Section 1.7		Subsequent Actions		2
Section 1.8		Tax and Accounting Treatment of the Merger		2

	Article II. Conversion of Securities; Exchange of Certificates

Section 2.1		Conversion of Securities		3
Section 2.2		Exchange of Certificates		4
Section 2.3		Restrictive Legends		5
Section 2.4		Treatment of Waves Stock Options		5
Section 2.5		Certain Adjustments		5

	Article III. Representations and Warranties of Waves and the Shareholders

Section 3.1		Organization and Qualification; Subsidiaries		6
Section 3.2		Certificate of Incorporation and Bylaws		6
Section 3.3		Capitalization		6
Section 3.4		Authority		7
Section 3.5		No Conflict; Required Filings and Consents		8
Section 3.6		Financial Statements		9
Section 3.7		No Undisclosed Liabilities		9
Section 3.8		Absence of Certain Changes or Events		10
Section 3.9		Absence of Litigation		10
Section 3.10		Licenses and Permits; Compliance with Laws		11
Section 3.11		Unlawful Payments		11
Section 3.12		Taxes		11
Section 3.13		Intellectual Property		12
Section 3.14		Material Contracts		12
Section 3.15		Employee Benefit Plans		14
Section 3.16		Properties; Assets		16
Section 3.17		Labor Relations		17
Section 3.18		Environmental Matters		17
Section 3.19		Insurance		18
Section 3.20		Board and Stockholder Approval		18


Section 3.21		Brokers	19
Section 3.22		Tax Matters	19
Section 3.23		Related Party Transactions	19
Section 3.24		Business Relationship	19
Section 3.25		Inventories	20
Section 3.26		Accounts Receivable	20
Section 3.27		Indebtedness and Payables	20
Section 3.28		Disclosure	20

	Article IV. Representations and Warranties of Merger Sub

Section 4.1		Organization and Qualification	21
Section 4.2		Certificate of Incorporation and Bylaws	21
Section 4.3		Authority	21
Section 4.4		No Conflict; Required Filings and Consents	22

	Article V. Representations and Warranties of MRI

Section 5.1		Organization and Qualification; Subsidiaries	22
Section 5.2		Certificate of Incorporation and Bylaws	23
Section 5.3		Capitalization	23
Section 5.4		Authority	24
Section 5.5		No Conflict; Required Filings and Consents	24
Section 5.6		SEC Filings; MRI Financial Statements	25
Section 5.7		No Undisclosed Liabilities	25
Section 5.8		Absence of Certain Changes or Events	26
Section 5.9		Board and Stockholder Approval	26
Section 5.10		Tax Matters	26
Section 5.11		Valid Issuances	26
Section 5.12		Disclosure	26

	Article VI. Covenants

Section 6.1		Affirmative Covenants of Waves	26
Section 6.2		Negative Covenants of Waves	27
Section 6.3		Negative Covenants of MRI	30
Section 6.4		Closing Date Balance Sheet	30

	Article VII. Additional Agreements

Section 7.1		Access and Information	30
Section 7.2		Confidentiality	31
Section 7.3		Public Announcements	31
Section 7.4		Indemnification	31
Section 7.5		Defense of Third Party Claims	32
Section 7.6		Payment; Arbitration	33


Section 7.7	Survival of Representations and Warranties	34
Section 7.8	Further Action; Commercially Reasonable Efforts

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