Preview | Securities Purchase Agreement |

TABLE OF CONTENTS

		Page

ARTICLE 1	Definitions	1

ARTICLE 2	Purchase and Sale of Shares and Issuance of Note	4

2.1	Purchase of Shares	4
2.2	Issuance of Note	4
2.3	Purchase Price for Shares and Form of Payment; Delivery	4
2.4	Closing Date	4

ARTICLE 3	Buyers Representations and Warranties	4

3.1	Organization and Qualification	4
3.2	Authorization; Enforcement	4
3.3	Securities Matters	5
3.4	Information	5
3.5	Restrictions on Transfer	5
3.6	Stock Ownership	6

ARTICLE 4	Representations and Warranties of the Company	6

4.1	Organization and Qualification	6
4.2	Authorization; Enforcement	6
4.3	Capitalization; Valid Issuance of Securities	6
4.4	No Conflicts	7
4.5	SEC Documents; Financial Statements	8
4.6	Absence of Certain Changes	8
4.7	Absence of Litigation	8
4.8	Intellectual Property	9
4.9	Tax Status	9
4.10	Permits; Compliance	9
4.11	Environmental Matters	10
4.12	Title to Property	11
4.13	No Investment Company or Real Property Holding Company	11
4.14	No Brokers	11
4.15	Registration Rights	11
4.16	Exchange Act Registration	11
4.17	Labor Relations	11
4.18	Transactions with Affiliates and Employees	11
4.19	Insurance	11
4.20	Approved Acquisitions of Securities; No Anti-Takeover Provisions	12
4.21	ERISA	12
4.22	Disclosure	12

ARTICLE 5	Covenants	13

5.1	Form D; Blue Sky Laws	13
5.2	Use of Proceeds	13
5.3	Expenses	13
5.4	No Integration	13
5.5	Board Designee(s)	13
5.6	Future Acquisitions	13
5.7	Announcement of Rights Offering	14


ARTICLE 6	Conditions To The Companys Obligation	14

6.1	Delivery of Transaction Documents	14
6.2	Payment of Purchase Price	14
6.3	Representations and Warranties	14
6.4	Litigation	14

ARTICLE 7	Conditions to The Buyers Obligation	14

7.1	Delivery of Transaction Documents; Issuance of Securities	14
7.2	Representations and Warranties	14
7.3	Consents	15
7.4	Litigation	15
7.5	Project A	15
7.6	Opinion	15
7.7	No Material Adverse Effect	15
7.8	Board Approval	15
7.9	Amendment of Rights Plan	15
7.10	Control Share Statute	15

ARTICLE 8	Termination	15

8.1	Termination Provisions	15
8.2	Effect of Termination	16

ARTICLE 9	Indemnification	16

9.1	Indemnification by the Company	16
9.2	Notification	16

ARTICLE 10	Governing Law; Miscellaneous	17

10.1	Governing Law	17
10.2	Counterparts; Electronic Signatures	17
10.3	Headings	17
10.4	Severability	17
10.5	Entire Agreement; Amendments	17
10.6	Notices	18
10.7	Successors and Assigns	19
10.8	Third Party Beneficiaries	19
10.9	Publicity	19
10.10	Further Assurances	19
10.