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ARTICLE 1

PURCHASE AND SALE

1

Section 1.01.

Purchased Assets; Excluded Assets

1

Section 1.02.

Assumed Liabilities; Retained Liabilities

1

Section 1.03.

Assignment of Nonassignable Assets

1

Section 1.04.

Purchase Price

2

Section 1.05.

Closing and Closing Deliveries

2

Section 1.06.

Working Capital Adjustment

4

Section 1.07.

Allocation of Purchase Price

6

ARTICLE 2

REPRESENTATIONS AND WARRANTIES OF SELLER

6

Section 2.01.

Organization

6

Section 2.02.

Authority; Enforceability

7

Section 2.03.

Non-Contravention

7

Section 2.04.

Consents

7

Section 2.05.

Financial Statements

7

Section 2.06.

Events Subsequent to Financial Statements

8

Section 2.07.

Taxes

9

Section 2.08.

Litigation

10

Section 2.09.

Compliance with Law; Permits

10

Section 2.10.

Employee Benefits

10

Section 2.11.

Employees

11

Section 2.12.

Real Property

11

Section 2.13.

Intellectual Property

12

Section 2.14.

Material Contracts

13

Section 2.15.

Environmental Matters

14

Section 2.16.

Inventory

15

Section 2.17.

Title to and Sufficiency of the Purchased Assets

15

Section 2.18.

Insurance

16

Section 2.19.

Brokers

16

Section 2.20.

Affiliate Transactions

16

Section 2.21.

Accounts Receivable

16

Section 2.22.

Warranty

16

Section 2.23.

Product Liability

16

Section 2.24.

No Other Representations or Warranties

16

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF PURCHASER

17

Section 3.01.

Organization

17

Section 3.02.

Authority; Enforceability

17

Section 3.03.

Non-Contravention

17

Page

Section 3.04.

Consents

17

Section 3.05.

Litigation

18

Section 3.06.

No Other Representation or Warranties

18

ARTICLE 4

COVENANTS OF PURCHASER AND SELLER

18

Section 4.01.

Confidentiality

18

Section 4.02.

Maintenance and Access to Information; Cooperation

19

Section 4.03.

Noncompete; Nonsolicitation of Customers and Employees

21

Section 4.04.

Solicitation of Employees by Purchaser

21

Section 4.05.

Antidumping Duty Matters

22

Section 4.06.

Trademarks; Tradenames

22

Section 4.07.

Montville, New Jersey Monitoring Wells

23

ARTICLE 5

TAX MATTERS

23

Section 5.01.

General

23

Section 5.02.

Tax Cooperation

24

Section 5.03.

Transfer Taxes

24

Section 5.04.

Proration of Certain Taxes

24

ARTICLE 6

EMPLOYEES AND EMPLOYEE BENEFITS

25

Section 6.01.

Employees and Offers of Employment

25

Section 6.02.

Purchaser Benefit Plans

26

Section 6.03.

Purchaser?s 401(k) Plan

27

Section 6.04.

No Third Party Beneficiaries

27

ARTICLE 7

SURVIVAL; INDEMNIFICATION

27

Section 7.01.

Survival

27

Section 7.02.

Indemnification of Purchaser by Seller

27

Section 7.03.

Indemnification of Seller by Purchaser

28

Section 7.04.

Procedures Relating to Indemnification

29

Section 7.05.

Limitations on Indemnification

30

Section 7.06.

Exclusive Remedy

30

Section 7.07.

Letter of Credit

31

Section 7.08.

Character of Indemnification Payments

31

ARTICLE 8

MISCELLANEOUS

32

Section 8.01.

Definitions

32

Section 8.02.

Notices

40

Section 8.03.

Amendments and Waivers

41

Section 8.04.

Expenses

41

Section 8.05.

Successors and Assigns

41

Page

Section 8.06.

Governing Law

41

Section 8.07.

Specific Performance; Jurisdiction

41

Section 8.08.

Waiver of Jury Trial

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