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Merger Agreement

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Title:

Merger Agreement

Entities:

Banc of America Securities LLC; Citibank, NA; Electronic Data Systems Corp.; SupportSoft, Inc.; Baker Botts; Cooley Godward LLP

Date:

2004

Size:

Preview shows 55KB of 261KB total

Price:

$99

ID:

#315008

► M&A ► Merger Agreements
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Start of Preview

MERGER AGREEMENT

dated as of December 30, 2003

among

ELECTRONIC DATA SYSTEMS CORPORATION

EDS GLOBAL SERVICES, INC.

THE FELD GROUP, INC.

AND

FELD PARTNERS INVESTMENTS, L.P.

TABLE OF CONTENTS


ARTICLE I. DEFINITIONS			1

ARTICLE II. THE MERGER			13

	SECTION 2.1	The Merger	13
	SECTION 2.2	Closing	13
	SECTION 2.3	Effective Time	14
	SECTION 2.4	Effects of the Merger	14
	SECTION 2.5	Certificate of Incorporation and Bylaws	14
	SECTION 2.6	Directors	14
	SECTION 2.7	Officers	14
	SECTION 2.8	Disclosure Schedule	15

ARTICLE III. EFFECT OF MERGER			15

	SECTION 3.1	Effect on Capital Stock	15
	SECTION 3.2	Dissenting Shares.	16
	SECTION 3.3	Adjustments to Merger Consideration	17
	SECTION 3.4	Payment of Merger Consideration	19
	SECTION 3.5	EDS Warrants	20
	SECTION 3.6	Taking of Necessary Action; Further Action	21

ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND FPI			21

	SECTION 4.1	Organization; Power; and Authority	21
	SECTION 4.2	Authorizations; Execution; and Validity	21
	SECTION 4.3	Capitalization	22
	SECTION 4.4	No Defaults or Conflicts	23
	SECTION 4.5	Subsidiaries	24
	SECTION 4.6	Consents	24
	SECTION 4.7	Financial Statements	24
	SECTION 4.8	Undisclosed Liabilities	24
	SECTION 4.9	Indebtedness	25
	SECTION 4.10	Accounts Receivable	25
	SECTION 4.11	Absence of Changes	25
	SECTION 4.12	Owned Real Property	25
	SECTION 4.13	Leased Real Property	25
	SECTION 4.14	Title to Assets; Condition and Sufficiency of Assets	26
	SECTION 4.15	Insurance	26
	SECTION 4.16	Contracts	27
	SECTION 4.17	Customers	30
	SECTION 4.18	Suppliers	30
	SECTION 4.19	Litigation; Orders	30
	SECTION 4.20	Compliance with Laws	30
	SECTION 4.21	Permits	30
	SECTION 4.22	Environmental Laws	31
	SECTION 4.23	Patents, Trademarks and Similar Rights	31


	SECTION 4.24	Directors and Officers	36
	SECTION 4.25	Employees	36
	SECTION 4.26	Noncompetition Agreements	36
	SECTION 4.27	Employee Benefit Matters	37
	SECTION 4.28	Taxes	40
	SECTION 4.29	Projections	43
	SECTION 4.30	Advisors Fees	43
	SECTION 4.31	Transactions with Related Parties	43
	SECTION 4.32	Agents	44
	SECTION 4.33	Commission Sales Contracts	44
	SECTION 4.34	Illegal or Unauthorized Payments, Political Contributions; Antitrust	44
	SECTION 4.35	Books and Records	44
	SECTION 4.36	Bank Accounts; Lock Boxes	45
	SECTION 4.37	Takeover Statutes	45
	SECTION 4.38	Information Furnished	45

ARTICLE V. REPRESENTATIONS AND WARRANTIES OF EDS AND MERGER SUB			45

	SECTION 5.1	Organization; Power and Authority	45
	SECTION 5.2	Authorizations; Execution and Validity	45
	SECTION 5.3	No Defaults or Conflicts	45
	SECTION 5.4	Consents	46
	SECTION 5.5	Advisors Fees	46
	SECTION 5.6	SEC Filings	46
	SECTION 5.7	Absence of Changes	47
	SECTION 5.8	Valid Issuance of EDS Warrants	47
	SECTION 5.9	SIP Awards and TIP Awards	47

ARTICLE VI. PRE-CLOSING COVENANTS			47

	SECTION 6.1	Efforts and Actions to Cause Merger to Occur	47
	SECTION 6.2	HSR Compliance	48
	SECTION 6.3	Employment Matters.	48
	SECTION 6.4	Interim Operations of the Company	49
	SECTION 6.5	Due Diligence Review; Access	52
	SECTION 6.6	Notice and Cure	53
	SECTION 6.7	Notice of Developments	54
	SECTION 6.8	Exclusivity	54
	SECTION 6.9	Termination of Employee Benefit Plans	54
	SECTION 6.10	Termination of Stockholder Agreements	54
	SECTION 6.11	Cancellation of Warrant	55
	SECTION 6.12	Termination of Equity Pay-Out Agreement	55
	SECTION 6.13	Bank Accounts	55
	SECTION 6.14	Consent of Holders of Series B Preferred Stock	55
	SECTION 6.15	Consent of Holders of Class B Partnership Interests	55

ARTICLE VII. ADDITIONAL COVENANTS OF FPI			55

	SECTION 7.1	Further Actions	55


	SECTION 7.2	Confidential Information	56
	SECTION 7.3	Noncompetition	56

ARTICLE VIII. ADDITIONAL COVENANTS OF EDS			57

	SECTION 8.1	Accounts Receivable Collection	57
	SECTION 8.2	Post-Closing Employment Benefits for Transitioned Employees.	57
	SECTION 8.3	Payments to Certain Non-Transitioned Employees.	58

ARTICLE IX. CONDITIONS TO MERGER			58

	SECTION 9.1	General Conditions	58
	SECTION 9.2	Conditions to Obligations of EDS and Merger Sub	58
	SECTION 9.3	Conditions to Obligations of the Company and FPI	61

ARTICLE X. TERMINATION			62

	SECTION 10.1	Termination of Agreement	62
	SECTION 10.2	Effect of Termination	63

ARTICLE XI. INDEMNIFICATION			64

	SECTION 11.1	Survival of Representations and Warranties, Covenants, Etc	64
	SECTION 11.2

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