Article I The Merger

1

1.01

The Merger

1

1.02

Closing

1

1.03

Effective Time

2

1.04

Certificate of Incorporation and Bylaws

2

1.05

Directors

2

1.06

Officers

2

Article II Conversion of Securities; Payment of Merger Consideration

2

2.01

Effect on Capital Stock

2

2.02

Exchange of Certificates

3

2.03

Company Equity Awards

5

2.04

Withholding Rights

6

Article III Representations and Warranties of the Company

7

3.01

Organization, Standing and Corporate Power

7

3.02

Subsidiaries

7

3.03

Capital Structure

8

3.04

Authority; Noncontravention

10

3.05

Governmental Approvals

11

3.06

Company SEC Documents; No Undisclosed Liabilities

12

3.07

Information Supplied

12

3.08

Absence of Certain Changes or Events

13

3.09

Litigation

13

3.10

Contracts

13

3.11

Compliance with Laws

15

3.12

Employee Benefit Plans

17

3.13

Taxes

20

3.14

Intellectual Property; Software

22

3.15

Properties and Assets

25

3.16

Environmental Matters

26

3.17

Transactions with Related Parties

27

3.18

Brokers and Other Advisors

27

3.19

Opinion of Financial Advisor

27

3.20

Insurance

27

3.21

Vote Required

27

3.22

Rights Agreement

28

3.23

State Takeover Statutes

28

Article IV Representations and Warranties of Parent and Merger Sub

28

4.01

Organization, Standing and Corporate Power

28

4.02

Authority; Non-contravention

28

4.03

Governmental Approvals

30

4.04

Information Supplied

30

4.05

Litigation

30

4.06

No Business Activities

30

4.07

Financing

30

Article V Covenants Relating to Conduct of Business

30

5.01

Conduct of Business

30

5.02

No Solicitation by the Company

35

Article VI Additional Agreements

37

6.01

Preparation of the Proxy Statement; Stockholder Meetings

37

6.02

Access to Information; Confidentiality

38

6.03

Reasonable Best Efforts

39

6.04

Indemnification, Exculpation and Insurance

40

6.05

Fees and Expenses

41

6.06

Public Announcements

41

6.07

Stockholder Litigation

41

6.08

Employee Matters

41

6.09

Employment Agreements

42

6.10

Standstill Agreements, Confidentiality Agreements, Anti-takeover Provisions

42

6.11

Cooperation

42

6.12

Mogul Sub

42

6.13

Subsidiaries other than Mogul Sub

42

6.14

Estimated Balance Sheet

43

6.15

Target Company Cash

43

6.16

Payment of Expenses

44

6.17

Shareholder and Employee Accounts

44

6.18

Management Bonuses

45

Article VII Conditions Precedent

45

7.01

Conditions to Each Partys Obligation to Effect the Merger

45

7.02

Conditions to Obligations of Parent and Merger Sub

45

7.03

Conditions to Obligations of the Company

47

7.04

Frustration of Closing Conditions

48

Article VIII Termination, Amendment and Waiver

48

8.01

Termination

48

8.02

Termination Fee

49

8.03

Effect of Termination

51

8.04

Amendment