Preview | Agreement and Plan of Merger |

Document Preview

Agreement and Plan of Merger

Click "Add to Cart" button to purchase document.
Documents are emailed immediately after purchase.
You can also browse documents by title, category, or company... or click here for help finding documents.

Title:

Agreement and Plan of Merger

Entities:

Paetec Corp

Date:

2007

Size:

Preview shows 41KB of 236KB total

Price:

$82

ID:

#3241613

► Plans ► Agreements ► Agreements & Plans of Merger

Start of Preview

AGREEMENT AND PLAN OF MERGER

among

PAETEC HOLDING CORP.,

AWX ACQUISITION CORP.,

ALLWORX CORP.

and

ADVANTAGE CAPITAL NEW YORK PARTNERS I, LP,

AS THE STOCKHOLDERS? REPRESENTATIVE

Dated as of October 11, 2007

TABLE OF CONTENTS


		Page
ARTICLE I The Merger		1

Section 1.1	The Merger	1

Section 1.2	Closing	1

Section 1.3	Effective Time	2

Section 1.4	Effects of the Merger	2

Section 1.5	Certificate of Incorporation and By-laws of the Surviving Corporation	2

Section 1.6	Directors and Officers of the Surviving Corporation	2

ARTICLE II Effect of the Merger on the Capital Stock of the Constituent Corporations; Exchange of Certificates; Company Stock Options; Company Warrants		3

Section 2.1	Effect on Capital Stock	3

Section 2.2	Escrow Funds	4

Section 2.3	Company Stock Options and Company Warrants	6

Section 2.4	Escrow Fund Payments	6

Section 2.5	Appraisal Rights	7

Section 2.6	Exchange of Certificates	8

Section 2.7	Adjustments	10

Section 2.8	Aggregate Consideration	10

ARTICLE III Representations and Warranties of the Company		11

Section 3.1	Organization, Standing and Corporate Power; No Subsidiaries	11

Section 3.2	Capitalization	12

Section 3.3	Authority; Noncontravention; Voting Requirements	14

Section 3.4	Consents and Approvals	15

Section 3.5	Financial Statements; Undisclosed Liabilities	15

Section 3.6	Absence of Certain Changes or Events	16

Section 3.7	Legal Proceedings	116

Section 3.8	Compliance With Laws; Permits	17

Section 3.9	Information Statement	17

Section 3.10	Taxes	17

Section 3.11	Employee Benefits and Labor Matters	19

TABLE OF CONTENTS


		Page
Section 3.12	Environmental Matters	22

Section 3.13	Contracts	22

Section 3.14	Title to Properties; Leased Real Property	26

Section 3.15	Intellectual Property	26

Section 3.16	Products and Services	27

Section 3.17	Insurance	28

Section 3.18	Related Party/Affiliate Transactions	28

Section 3.19	Accounts Receivable.	29

Section 3.20	Customers and Suppliers	29

Section 3.21	Disclosure Controls/Financial Controls	29

Section 3.22	Bank Accounts	29

Section 3.23	Change in Ownership	30

Section 3.24	State Takeover Statutes	30

Section 3.25	Export Control Laws	30

Section 3.26	Certain Business Practices	30

Section 3.27	Brokers and Other Advisors	30

Section 3.28	Disclosure	30

ARTICLE IV Representations and Warranties of Parent and Merger Sub		30

Section 4.1	Organization, Standing and Corporate Power	30

Section 4.2	Authority; Noncontravention	31

Section 4.3	Governmental Approvals	31

Section 4.4	Ownership and Operations of Merger Sub	32

Section 4.5	Availability of Funds	32

Section 4.6	Brokers and Other Advisors	32

ARTICLE V Additional Covenants and Agreements		32

Section 5.1	Conduct of Business	32

Section 5.2	Stockholder Approval	35

Section 5.3	No Solicitation by the Company	36

Section 5.4	Commercially Reasonable Efforts; Consents; Further Assurances	37

Section 5.5	Public Announcements	38

TABLE OF CONTENTS


		Page
Section 5.6	Access to Information; Confidentiality	39

Section 5.7	Notification of Certain Matters	39

Section 5.8	Tax Matters	39

Section 5.9	Non-Competition Agreements; Non-Disclosure and Assignment Agreements	41

Section 5.10	Resignation of Officers and Directors	41

Section 5.11	Employee Matters	41

Section 5.12	Expenses	42

Section 5.13	Capitalization Spreadsheet	43

Section 5.14	Indebtedness	43

Section 5.15	Company Warrants	43

Section 5.16	Company Working Capital	44

Section 5.17	Notices	44

Section 5.18	Parent Debt Arrangements	44

Section 5.19	Termination of Amerisource Agreement	44

Section 5.20	Required Financial Statements	44

Section 5.21

End of Preview

Home Intelligence Services Subscriptions News About Us