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Title: |
Acquisition Agreement and Plan of Merger |
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Entities: |
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Date: |
2007 |
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Size: |
122KB total |
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Price: |
$47 |
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ID: |
#2982723 |
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Start of Preview |
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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
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ARTICLE 1. The Merger |
1 | |
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Section 1.1. |
The Merger |
1 |
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Section 1.2. |
Effective Time |
1 |
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Section 1.3. |
Closing of the Merger |
2 |
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Section 1.4. |
Effects of the Merger |
2 |
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Section 1.5. |
Articles of Incorporation; Bylaws |
2 |
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Section 1.6. |
Board of Directors and Officers |
2 |
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Section 1.7. |
Conversion of Shares |
2 |
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Section 1.8. |
Exchange of Certificates |
4 |
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Section 1.9. |
Taking of Necessary Action; Further Action |
5 |
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ARTICLE 2. Representations and Warranties of JMIH |
5 | |
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Section 2.1. |
Organization and Qualification |
5 |
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Section 2.2. |
Capitalization of JMIH |
6 |
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Section 2.3. |
Authority Relative to this Agreement; Recommendation. |
7 |
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Section 2.4. |
SEC Reports; Financial Statements |
7 |
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Section 2.5. |
Information Supplied |
8 |
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Section 2.6. |
Consents and Approvals; No Violations |
8 |
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Section 2.7. |
No Default |
8 |
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Section 2.8. |
No Undisclosed Liabilities; Absence of Changes |
9 |
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Section 2.9. |
Litigation |
9 |
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Section 2.10. |
Compliance with Applicable Law |
10 |
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Section 2.11. |
Employee Benefit Plans; Labor Matters |
10 |
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Section 2.12. |
Environmental Laws and Regulations |
11 |
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Section 2.13. |
Tax Matters |
12 |
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Section 2.14. |
Title To Property |
12 |
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Section 2.15. |
Insurance |
13 |
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Section 2.16. |
Vote Required |
13 |
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Section 2.17. |
Tax Treatment |
13 |
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Section 2.18. |
Affiliates |
13 |
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Section 2.19. |
Certain Business Practices |
13 |
i
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Section 2.20. |
Insider Interests |
13 |
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Section 2.21. |
Opinion of Financial Adviser |
13 |
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Section 2.22. |
Brokers |
13 |
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Section 2.23. |
Disclosure |
14 |
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Section 2.24. |
No Existing Discussion |
14 |
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Section 2.25. |
Material Contracts |
14 |
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ARTICLE 3. Representations and Warranties of DII. |
15 | |
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Section 3.1. |
Organization and Qualification |
15 |
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Section 3.2. |
Capitalization of DII |
15 |
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Section 3.3. |
Authority Relative to this Agreement; Recommendation |
16 |
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Section 3.4. |
Financial Statements |
16 |
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Section 3.5. |
Information Supplied |
17 |
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Section 3.6. |
Consents and Approvals; No Violations |
17 |
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Section 3.7. |
No Default |
18 |
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Section 3.8 |
No Undisclosed Liabilities; Absence of Changes |
18 |
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Section 3.9. |
Litigation |
18 |
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Section 3.10. |
Compliance with Applicable Law |
18 |
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Section 3.11. |
Employee Benefit Plans; Labor Matters |
19 |
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Section 3.12. |
Environmental Laws and Regulations |
20 |
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Section 3.13. |
Tax Matters |
20 |
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Section 3.14. |
Title to Property |
21 |
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Section 3.15. |
Intellectual Property |
21 |
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Section 3.16. |
Insurance |
21 |
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Section 3.17. |
Vote Required |
21 |
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Section 3.18. |
Tax Treatment |
22 |
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Section 3.19. |
Affiliates |
22 |
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Section 3.20. |
Certain Business Practices |
22 |
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Section 3.21. |
Insider Interests |
22 |
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Section 3.22. |
Opinion of Financial Adviser |
22 |
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Section 3.23. |
Brokers |
22 |
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Section 3.24. |
Disclosure |
22 |
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Section 3.25. |
No Existing Discussions |
22 |
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Section 3.26. |
Material Contracts |
22 |
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ARTICLE 4. Covenants |
23 | |
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Section 4.1. |
Conduct of Business of JMIH |
23 |
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Section 4.2. |
Conduct of Business of DII |
25 |
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Section 4.3. |
Preparation of 8-K and the Information Statement |
27 |
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Section 4.4. |
Other Potential Acquirers |
27 |
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Section 4.5. |
Meetings of Stockholders |
27 |
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Section 4.6. |
OTC:BB Listing |
28 |
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Section 4.7. |
Access to Information |
28 |
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Section 4.8. |
Additional Agreements; Reasonable Efforts. |
28 |
ii
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Section 4.9. |
Public Announcements |
28 |
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Section 4.10. |
Indemnification |
29 |
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Section 4.11. |
Notification of Certain Matters |
30 |
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ARTICLE 5. Conditions to Consummation of the Merger |
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