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Acquisition Agreement and Plan of Merger

 

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Title:

Acquisition Agreement and Plan of Merger

Entities:

Jupiter Marine International Holdings Inc/Fl

Date:

2007

Size:

122KB total

Price:

$47

ID:

#2982723

 

 

► Plans ► Agreements ► Merger ► Acquisition Agreements & Plan of Merger

 

 

Start of Preview


ACQUISITION AGREEMENT AND PLAN OF MERGER

DATED AS OF JULY 3, 2007

BY AND AMONG

JUPITER MARINE INTERNATIONAL HOLDINGS, INC. (JMIH), a Florida corporation,

JUPITER MARINE SUB CORP. (JMSC), a Florida corporation

AND

DIAMOND INFORMATION INSTITUTE (DII), a New Jersey corporation

 

TABLE OF CONTENTS

ARTICLE 1. The Merger

1

Section 1.1.

The Merger

1

Section 1.2.

Effective Time

1

Section 1.3.

Closing of the Merger

2

Section 1.4.

Effects of the Merger

2

Section 1.5.

Articles of Incorporation; Bylaws

2

Section 1.6.

Board of Directors and Officers

2

Section 1.7.

Conversion of Shares

2

Section 1.8.

Exchange of Certificates

4

Section 1.9.

Taking of Necessary Action; Further Action

5

 

 

 

ARTICLE 2. Representations and Warranties of JMIH

5

Section 2.1.

Organization and Qualification

5

Section 2.2.

Capitalization of JMIH

6

Section 2.3.

Authority Relative to this Agreement; Recommendation.

7

Section 2.4.

SEC Reports; Financial Statements

7

Section 2.5.

Information Supplied

8

Section 2.6.

Consents and Approvals; No Violations

8

Section 2.7.

No Default

8

Section 2.8.

No Undisclosed Liabilities; Absence of Changes

9

Section 2.9.

Litigation

9

Section 2.10.

Compliance with Applicable Law

10

Section 2.11.

Employee Benefit Plans; Labor Matters

10

Section 2.12.

Environmental Laws and Regulations

11

Section 2.13.

Tax Matters

12

Section 2.14.

Title To Property

12

Section 2.15.

Insurance

13

Section 2.16.

Vote Required

13

Section 2.17.

Tax Treatment

13

Section 2.18.

Affiliates

13

Section 2.19.

Certain Business Practices

13

 

 


 

Section 2.20.

Insider Interests

13

Section 2.21.

Opinion of Financial Adviser

13

Section 2.22.

Brokers

13

Section 2.23.

Disclosure

14

Section 2.24.

No Existing Discussion

14

Section 2.25.

Material Contracts

14

 

 

 

ARTICLE 3. Representations and Warranties of DII.

15

Section 3.1.

Organization and Qualification

15

Section 3.2.

Capitalization of DII

15

Section 3.3.

Authority Relative to this Agreement; Recommenda­tion

16

Section 3.4.

Financial Statements

16

Section 3.5.

Information Supplied

17

Section 3.6.

Consents and Approvals; No Violations

17

Section 3.7.

No Default

18

Section 3.8

No Undisclosed Liabilities; Absence of Changes

18

Section 3.9.

Litigation

18

Section 3.10.

Compliance with Applicable Law

18

Section 3.11.

Employee Benefit Plans; Labor Matters

19

Section 3.12.

Environmental Laws and Regulations

20

Section 3.13.

Tax Matters

20

Section 3.14.

Title to Property

21

Section 3.15.

Intellectual Property

21

Section 3.16.

Insurance

21

Section 3.17.

Vote Required

21

Section 3.18.

Tax Treatment

22

Section 3.19.

Affiliates

22

Section 3.20.

Certain Business Practices

22

Section 3.21.

Insider Interests

22

Section 3.22.

Opinion of Financial Adviser

22

Section 3.23.

Brokers

22

Section 3.24.

Disclosure

22

Section 3.25.

No Existing Discussions

22

Section 3.26.

Material Contracts

22

 

 

 

ARTICLE 4. Covenants

23

Section 4.1.

Conduct of Business of JMIH

23

Section 4.2.

Conduct of Business of DII

25

Section 4.3.

Preparation of 8-K and the Information Statement

27

Section 4.4.

Other Potential Acquirers

27

Section 4.5.

Meetings of Stockholders

27

Section 4.6.

OTC:BB Listing

28

Section 4.7.

Access to Information

28

Section 4.8.

Additional Agreements; Reasonable Efforts.

28

 

 

ii 

 


 


 

Section 4.9.

Public Announcements

28

Section 4.10.

Indemnification

29

Section 4.11.

Notification of Certain Matters

30

 

 

 

ARTICLE 5. Conditions to Consummation of the Merger

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