Preview | Agreement and Plan of Merger |

TABLE OF CONTENTS


	Page
Article I THE MERGER		1

Section 1.1 The Merger		1
Section 1.2 Closing; Effective Time		1
Section 1.3 Effects of the Merger		2
Section 1.4 Certificate of Incorporation; By-Laws		2
Section 1.5 Directors and Officers		2

Article II EFFECT OF THE MERGER ON THE CAPITAL STOCK OF THE CONSTITUENT CORPORATIONS		3

Section 2.1 Conversion of Securities		3
Section 2.2 Treatment of Options		4
Section 2.3 Dissenting Shares		5
Section 2.4 Surrender of Shares		5

Article III REPRESENTATIONS AND WARRANTIES OF THE COMPANY		7

Section 3.1 Organization and Qualification; Subsidiaries		8
Section 3.2 Certificate of Incorporation and By-laws		8
Section 3.3 Capitalization		9
Section 3.4 Authority		10
Section 3.5 No Conflict; Required Filings and Consents		10
Section 3.6 Compliance		11
Section 3.7 SEC Filings; Financial Statements		11
Section 3.8 Absence of Certain Changes or Events		13
Section 3.9 Absence of Litigation		13
Section 3.10 Employee Benefit Plans		14
Section 3.11 Labor and Employment Matters		15
Section 3.12 Insurance		16
Section 3.13 Tax Matters		16
Section 3.14 Proxy Statement		17
Section 3.15 Opinions of Financial Advisors		17
Section 3.16 Brokers		18
Section 3.17 Takeover Statutes		18



Section 3.18 Intellectual Property			18
Section 3.19 Environmental Matters			18
Section 3.20 Contracts			19
Section 3.21 Affiliate Transactions			20
Section 3.22 Properties			20
Section 3.23 No Other Representations or Warranties			21

Article IV REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB			21

Section 4.1 Organization			21
Section 4.2 Certificate of Incorporation and By-Laws			22
Section 4.3 Authority			22
Section 4.4 No Conflict; Required Filings and Consents			22
Section 4.5 Absence of Litigation			23
Section 4.6 Proxy Statement			23
Section 4.7 Brokers			23
Section 4.8 Financing			23
Section 4.9 Operations of Merger Sub			24
Section 4.10 Ownership of Shares			24
Section 4.11 Vote/Approval Required			24
Section 4.12 No Other Representations or Warranties			24

Article V CONDUCT OF BUSINESS PENDING THE MERGER			25

Section 5.1 Conduct of Business of the Company Pending the Merger			25
Section 5.2 Conduct of Business of Parent and Merger Sub Pending the Merger			27
Section 5.3 No Control of Other Partys Business			27

Article VI ADDITIONAL AGREEMENTS			27

Section 6.1 Stockholders Meeting			27
Section 6.2 Proxy Statement			28
Section 6.3 Resignation of Directors			28
Section 6.4 Access to Information; Confidentiality			28
Section 6.5 Acquisition Proposals			29
Section 6.6 Employment and Employee Benefits Matters			31
Section 6.7 Directors and Officers Indemnification and Insurance			31

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Section 6.8 Further Action; Efforts			33
Section 6.9 Public Announcements			34
Section 6.10 Parent Financing			34
Section 6.11 Termination of Warrants			35
Section 6.12 Debt Tender			35

Article VII CONDITIONS OF MERGER			37

Section 7.1 Conditions to Obligation of Each Party to Effect the Merger			37
Section 7.2 Conditions to Obligations of Parent and Merger Sub			37
Section 7.3 Conditions to Obligations of the Company			37

Article VIII TERMINATION, AMENDMENT AND WAIVER			38

Section 8.1 Termination			38
Section 8.2 Effect of Termination			39
Section 8.3 Expenses			42
Section 8.4 Amendment			42
Section 8.5 Waiver			42

Article IX GENERAL PROVISIONS			42

Section 9.1 Non-Survival of Representations, Warranties, Covenants and Agreements

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