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Agreement and Plan of Merger

 

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Title:

Agreement and Plan of Merger

Entities:

Kaneb Services LLC

Date:

2004

Size:

192KB total

Price:

$42

ID:

#829845

 

 

► Plans ► Agreements ► Agreements & Plans of Merger
► Energy ► Oil & Gas Operations

 

 

Start of Preview


 

 

AGREEMENT AND PLAN OF MERGER

 

DATED AS OF OCTOBER 31, 2004

 

BY AND AMONG

 

VALERO L.P.

 

RIVERWALK LOGISTICS, L.P.

 

VALERO GP, LLC

 

VLI SUB A LLC

 

AND

 

KANEB SERVICES LLC

 

 



 

TABLE OF CONTENTS

 

ARTICLE I

CERTAIN DEFINITIONS

 

 

 

 

ARTICLE II

THE MERGER

 

 

 

 

2.1

The Merger

 

 

 

 

2.2

Effective Time of the Merger

 

 

 

 

2.3

Effects of the Merger

 

 

 

 

2.4

Closing

 

 

 

 

2.5

LLC Agreement

 

 

 

 

2.6

Directors and Officers

 

 

 

 

2.7

Alternative Transaction Structures

 

 

 

 

ARTICLE III

CONVERSION OF SECURITIES

 

 

 

 

3.1

Effect of the Merger on Equity Securities

 

 

 

 

3.2

KSL Stock Options; Other KSL Equity Awards

 

 

 

 

3.3

Exchange Fund

 

 

 

 

3.4

Exchange Procedures

 

 

 

 

3.5

No Further Ownership Rights in KSL Common Shares

 

 

 

 

3.6

Termination of Exchange Fund

 

 

 

 

3.7

No Liability

 

 

 

 

3.8

Investment of the Exchange Fund

 

 

 

 

3.9

Lost Certificates

 

 

 

 

3.10

Withholding Rights

 

 

 

 

3.11

Further Assurances

 

 

 

 

3.12

Stock Transfer Books

 

 

 

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

 

 

 

 

4.1

Representations and Warranties of KSL

 

 

i



 

4.2

Representations and Warranties of VLI

 

 

 

 

ARTICLE V

COVENANTS RELATING TO CONDUCT OF BUSINESS

 

 

 

 

5.1

Covenants of KSL

 

 

 

 

5.2

Covenants of VLI

 

 

 

 

5.3

Governmental Filings

 

 

 

 

5.4

Control of Other Partys Business

 

 

 

 

ARTICLE VI

ADDITIONAL AGREEMENTS

 

 

 

 

6.1

Preparation of Proxy Statement; Shareholders Meetings

 

 

 

 

6.2

Access to Information

 

 

 

 

6.3

Reasonable Best Efforts

 

 

 

 

6.4

Acquisition Proposals

 

 

 

 

6.5

Fees and Expenses

 

 

 

 

6.6

Directors and Officers Indemnification and Insurance

 

 

 

 

6.7

Employee Benefits

 

 

 

 

6.8

Public Announcements

 

 

 

 

6.9

KSL Rights Agreement

 

 

 

 

6.10

Section 16 Matters

 

 

 

 

6.11

Accountants Letter

 

 

 

 

6.12

Tax Matters

 

 

 

 

6.13

Other Payments

 

 

 

 

ARTICLE VII

CONDITIONS PRECEDENT

 

 

 

 

7.1

Conditions to Each Partys Obligation to Effect the KSL Merger

 

 

 

 

7.2

Additional Conditions to Obligations of VLI

 

 

 

 

7.3

Additional Conditions to Obligations of KSL

 

 

 

 

 

ii



 

ARTICLE VIII

TERMINATION AND AMENDMENT

 

 

 

 

8.1

Termination

 

 

 

 

8.2

Effect of Termination

 

 

 

 

8.3

Amendment

 

 

 

 

8.4

Extension; Waiver

 

 

 

 

ARTICLE IX

GENERAL PROVISIONS

 

 

 

 

9.1

Non-Survival of Representations, Warranties and Agreements

 

 

 

 

9.2

Notices

 

 

 

 

9.3

Interpretation

 

 

 

 

9.4

Counterparts

 

 

 

 

9.5

Entire Agreement; No Third Party Beneficiaries

 

 

 

 

9.6

Governing Law

 

 

 

 

9.7

Severability

 

 

 

 

9.8

Assignment

 

 

 

 

9.9

Submission to Jurisdiction; Waivers

 

 

 

 

9.10