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Document Preview Agreement and Plan of Merger |
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Title: |
Agreement and Plan of Merger |
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Entities: |
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Date: |
2004 |
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Size: |
119KB total |
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Price: |
$45 |
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ID: |
#343530 |
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Start of Preview |
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| Page | ||||
| INTRODUCTORY STATEMENT | 1 | |||
| DEFINITIONS | 2 | |||
| SECTION 1 - THE MERGER | 8 | |||
| 1.1 | Effective Time | 8 | ||
| 1.2 | Certificate of Merger | 8 | ||
| 1.3 | Effect of the Merger | 9 | ||
| 1.4 | Certificate of Incorporation, By-Laws | 9 | ||
| 1.5 | Officers | 9 | ||
| SECTION 2 - MERGER CONSIDERATION | 10 | |||
| 2.1 | Conversion of Stock of Company | 10 | ||
| 2.2 | Merger Consideration | 10 | ||
| 2.3 | Initial Consideration | 12 | ||
| 2.4 | Additional Consideration | 12 | ||
| 2.5 | Registration | 12 | ||
| 2.6 | Stock Certificates | 12 | ||
| 2.7. | Shareholder Loans | 13 | ||
| 2.8 | Adjustment to Initial Stock Consideration | 13 | ||
| SECTION 3 - CLOSING | 13 | |||
| 3.1 |
Cancellation |
13 | ||
| 3.2 | Delivery of Cash and Certificates | 14 | ||
| 3.3 | Supply Agreement | 15 | ||
| 3.4 | Circulation of Documents | 15 | ||
| SECTION 4 - REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS OF THOMAS AND THE COMPANY | 15 | |||
| 4.1 | Organization, Qualifications and Corporate Power | 15 | ||
| 4.2 | Authorization of Agreement | 16 | ||
| 4.3 | Capital Stock | 17 | ||
| 4.4 | Financial Statements | 17 | ||
| 4.5 | Absence of Changes | 18 | ||
| 4.6 | Legal Actions | 20 | ||
| 4.7 | Business Property Rights | 21 | ||
| 4.8 | Liabilities | 21 | ||
| 4.9 | Ownership of Assets and Leases | 21 | ||
| 4.10 | Taxes | 24 | ||
| 4.11 | Contracts, Other Agreements | 26 | ||
| 4.12 | Governmental Approvals | 26 | ||
| 4.13 | Lack of Defaults; Compliance with Law | 26 | ||
| 4.14 | Employees and Employee Benefit Plans | 27 | ||
| 4.15 | Insurance; Bonds | 28 | ||
| 4.16 | Labor and Employment Matters | 28 | ||
| 4.17 | Brokers and Finders | 29 | ||
| 4.18 | Accounts Receivable | 29 | ||
| 4.19 | Conflicts of Interests | 29 | ||
| 4.20 | Environmental Compliance | 30 | ||
| 4.21 | Ownership of the Stock | 30 | ||
| 4.22 | [Intentionally omitted.] | 31 | ||
| 4.23 | Approval of Merger; Related Matters | 31 | ||
| 4.24 | Withholding | 31 | ||
| SECTION 5 - REPRESENTATIONS, WARRANTS AND CERTAIN COVENANTS OF PARENT AND SUBSIDIARY | 31 | |||
| 5.1 | Organization, Qualifications and Corporate Power | 32 | ||
| 5.2 | Authorization, etc | 32 | ||
| 5.3 | Absence of Changes | 33 | ||
| 5.4 | Governmental Approvals | 35 | ||
| 5.5 | Brokers Fees | 35 | ||
| 5.6 | Authorized Shares of Stock | 35 | ||
| 5.7 | Survival of Company | 35 | ||
| 5.8 | No Section 338 Election | 35 | ||
| 5.9 | Taxes | 36 | ||
| 5.10 | Employees and Employee Benefit Plans | 37 | ||
| 5.11 | Releasing Thomas From Personal Guaranties | 37 | ||
| SECTION 6 - CONDITIONS TO CLOSING FOR PARENT | 38 | |||
| 6.1 | Performance of Agreements | 38 | ||
| 6.2 | Lack of Material Liabilities | 38 | ||
| 6.3 | Financial Statements | 38 | ||
| 6.4 | [Intentionally omitted] | 39 | ||
| 6.5 | [Intentionally omitted] | 39 | ||
| 6.6 | Employment Agreements | 39 | ||
| 6.7 | Opinion of Counsel | 39 | ||
| 6.8 | Compliance Certificate | 39 | ||
| 6.9 | [Intentionally omitted.] | 39 | ||
| 6.10 | [Intentionally omitted] | 39 | ||
| 6.11 | [Intentionally omitted] | 39 | ||
| 6.12 | Release from Thomas; Payment of Amounts Owed by Thomas | 39 | ||
| 6.13 | Corporate Documents | 40 | ||
| 6.14 | Corporate Filings | 40 | ||
| 6.15 | Trustee of Plans | 40 | ||
| 6.16 | Assignment and Assumption of Real Property Leases | 41 | ||
| 6.17 | Assignment and Assumption of Equipment Leases |
41 | ||
| 6.18 | Supply Agreement | 41 | ||
| 6.19 | Registration Rights Agreement | 41 | ||
| 6.20 | Cancellation of David Agreement | 42 | ||
| SECTION 7 CONDITIONS TO CLOSING FOR THE COMPANY AND THOMAS | 42 | |||
| 7.1 | Performance of Agreements | 42 | ||
| 7.2 | Lack of Material Liabilities | 42 | ||
| 7.3 | Employment Agreements | 42 | ||
| 7.4 | Opinion of Counsel | 43 | ||
| 7.5 | Compliance Certificate | 43 | ||
| 7.6 | Employee Stock Options | 43 | ||
| 7.7 | Corporate Documents | 43 | ||
| 7.8 | Corporate Filings | 44 | ||
| 7.9 | Assignment and Assumption of Real Property Leases | 44 | ||
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End of Preview |
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