|
|
|
|
Document Preview Agreement and Plan of Reorganization |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Agreement and Plan of Reorganization |
|||
|
Entities: |
||||
|
Date: |
2002 |
|||
|
Size: |
Preview shows 18KB of 250KB total |
|||
|
Price: |
$51 |
|||
|
ID: |
#884916 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
AGREEMENT AND PLAN OF REORGANIZATION
by and among
ENDOCARE, INC.,
TMT ACQUISITION CORPORATION
and
TIMM MEDICAL TECHNOLOGIES, INC.
and
its Principal Stockholders
dated February 21, 2002
--------------------------------------------------------------------------------
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
<S> <C> <C> <C>
Article I Definitions.......................................................................2
1.1 Defined Terms.........................................................2
1.2 Construction of Certain Terms and Phrases............................11
Article II The Merger......................................................................12
2.1 The Merger...........................................................12
2.2 Effective Time.......................................................12
2.3 Effect of the Merger.................................................12
2.4 Certificate of Incorporation; Bylaws.................................12
2.5 Directors and Officers...............................................12
2.6 Effect on Capital Stock/Merger Consideration.........................12
2.7 Dissenters' Rights...................................................14
2.8 Exchange Procedure...................................................15
2.9 Closing..............................................................16
2.10 Effective Time.......................................................18
2.11 Private Placement....................................................18
Article III Representations and Warranties of the Company..................................18
3.1 Organization of the Company..........................................18
3.2 Capital Stock of the Company.........................................19
3.3 Ownership of Shares..................................................20
3.4 Authority of the Company.............................................20
3.5 No Affiliates........................................................20
3.6 No Conflicts.........................................................21
3.7 Consents and Governmental Approvals and Filings......................21
3.8 Books and Records....................................................21
3.9 Company Financial Statements.........................................21
3.10 Absence of Changes...................................................22
3.11 No Undisclosed Liabilities...........................................22
3.12 Tangible Personal Property...........................................22
3.13 Benefit Plans; ERISA.................................................22
3.14 Real Property........................................................24
3.15 Intellectual Property Rights.........................................24
3.16 Proprietary Information of Third Parties.............................27
3.17 Compliance with Legal Requirements; Governmental Authorizations......27
3.18 Legal Proceedings; Orders............................................28
3.19 Contracts............................................................29
3.20 Environmental Matters................................................31
3.21 Inventory............................................................33
3.22 Accounts Receivable..................................................33
3.23 Equipment............................................................33
3.24 Insurance............................................................34
</TABLE>
i
<PAGE>
TABLE OF CONTENTS (Continued)
<TABLE>
<CAPTION>
Page
<S> <C> <C> <C>
3.25 Tax Matters..........................................................34
3.26 Labor and Employment Relations.......................................35
3.27 Certain Employees....................................................36
3.28 Absence of Certain Developments......................................37
3.29 Customers and Suppliers..............................................38
3.30 Necessary Property...................................................38
3.31 Bank Accounts........................................................38
3.32 Permits..............................................................39
3.33 Regulatory Compliance................................................39
3.34 Third Party Consents.................................................40
3.35 Relationships with Related Persons...................................40
3.36 Certain Payments.....................................................40
3.37 Brokers..............................................................40
3.38 Material Misstatements and Omissions.................................41
Article IV Representations and Warranties of Parent and Acquisition Co....................41
4.1 Organization.........................................................41
4.2 Authority............................................................41
4.3 Litigation...........................................................41
4.4 Reports and Financial Statements.....................................42
4.5 Brokers..............................................................42
Article V Representations, Warranties and covenants Of The Principal Stockholders..........42
5.1 Requisite Power and Authority........................................42
5.2 Ownership of Shares..................................................42
5.3 Investment Representations...........................................43
5.4 Transfer Restrictions................................................44
5.5 Notification of Change...............................................44
5.6 Proxy................................................................44
Article VI Covenants.......................................................................44
6.1 Proxy; Election of Directors.........................................44
6.2 No Solicitation or Negotiation.......................................45
6.3 Public Announcements; Company Literature.............................45
6.4 Fees and Expenses....................................................45
6.5 Confidentiality......................................................46
6.6 Stock Options........................................................46
6.7 Argomed Agreement....................................................47
6.8 Consents.............................................................47
6.9 Tail Policy..........................................................47
Article VII Conditions to Consummation of the Merger.......................................48
7.1 Conditions to Each Party's Obligations to Effect the Merger..........48
</TABLE>
ii
<PAGE>
TABLE OF CONTENTS (Continued)
<TABLE>
<CAPTION>
Page
<S> <C> <C> <C>
Article VIII Termination...................................................................48
8.1 Termination..........................................................48
8.2 Effect of Termination................................................48
Article IX Stockholder Representatives.....................................................48
9.1 Authorization of the Stockholder Representatives.....................48
9.2 Exculpation; Indemnity...............................................49
9.3 Replacement of a Stockholder Representatives; Successor Stockholder
Representatives......................................................50
Article X Actions by the Parties After the Closing.........................................50
10.1 Survival of Representations, Warranties, Etc. .......................50
10.2 Indemnification......................................................50
10.3 Indemnity Escrow Account.............................................53
10.4 Exclusivity..........................................................53
Article XI Miscellaneous...................................................................53
11.1 Restriction on Transferability of the Parent Common Shares...........53
11.2 Further Assurances...................................................54
11.3 Notices..............................................................54
11.4 Entire Agreement.....................................................55
11.5 Waiver...............................................................56
11.6 Amendment............................................................56
11.7 No Third Party Beneficiary...........................................56
11.8 No Assignment; Binding Effect........................................56
11.9 Headings.............................................................56
11.10 Severability.........................................................56
11.11 Governing Law........................................................56
11.12 Consent to Jurisdiction and Forum Selection..........................56
11.13 Construction.........................................................57
11.14 Counterparts.........................................................57
11.15 Attorneys Fees.......................................................57
</TABLE>
iii
<PAGE>
SCHEDULES AND EXHIBITS
<TABLE>
<S> <C>
Schedules
Schedule 1 Key Employees
Schedule 2 Merger Consideration
Company Disclosure Schedule
Exhibits
Exhibit A -- Certificate of Merger
Exhibit B -- Escrow Agreement
Exhibit C -- Spousal Consent
Exhibit D -- Non-Competition and Non-Solicitation Agreements
Exhibit E -- Lock-Up Agreement
Exhibit F -- Proxy
Exhibit G -- Company Officer's and each Principal Stockholder's Certificate
Exhibit H -- Company Secretary Certificate
Exhibit I -- Release
Exhibit J -- Opinion of Counsel to Company and Company Stockholders
Exhibit K -- Registration Rights Agreement
Exhibit L -- Stockholder Rights Termination Agreement
Exhibit M -- Parent Officer's Certificate
Exhibit N -- Parent Secretary Certificate
Exhibit O -- Opinion of Counsel to Parent and Acquisition Co.
Exhibit P -- Option Assumption Agreement
Exhibit Q -- Option Termination Agreement
</TABLE>
iv
<PAGE>
AGREEMENT AND PLAN OF REORGANIZATION
This Agreement and Plan of Reorganization (this "Agreement") is made and
entered into as of February 21, 2002 (the "Effective Date"), by and among
Endocare, Inc., a Delaware corporation ("Parent"), TMT Acquisition Corporation,
a Delaware corporation and a wholly-owned subsidiary of Parent ("Acquisition
Co."), Timm Medical Technologies, Inc., a Delaware corporation (the "Company"),
FFT Partners I, L.P., FFT Executive Partners I, L.P., Gerald W. Timm, Gerald R.
Mattys, Joseph A. Hafermann, and D&W Ventures I, LLC (collectively, the
"Principal Stockholders").
RECITALS
A. Upon the terms and subject to the conditions of this Agreement and in
accordance with the Delaware General Corporation Law (the "DGCL"), Parent and
the Company will enter into a business combination transaction pursuant to which
the Company will merge with and into Acquisition Co. (the "Merger").
B. The Board of Directors of Parent (i) has determined that the Merger is
consistent with and in furtherance of the long-term business strategy of Parent
and fair to, and in the best interests of, Parent and its stockholders, and (ii)
has approved this Agreement, the Merger and the other transactions contemplated
by this Agreement.
C. The Board of Directors of the Company (i) has determined that the
Merger is consistent with and in furtherance of the long-term business strategy
of the Company and fair to, and in the best interests of, the Company and its
stockholders, and (ii) has approved this Agreement, the Merger and the other
transactions contemplated by this Agreement.
D. The Principal Stockholders, constituting holders of Company Shares
having not less than the minimum number of votes necessary to authorize any
action by the Company have approved this Agreement, the Merger and the other
transactions contemplated by this Agreement.
E. Parent, as sole stockholder of Acquisition Co., has approved this
Agreement, the Merger and other transactions contemplated by this Agreement.
F. Parent, Acquisition Co. and the Company desire to make certain
representations and warranties and other agreements in connection with the
Merger.
G. The parties intend, by executing this Agreement, to adopt a plan of
reorganization within the meaning of Section 368 of the Code, and to cause the
Merger to qualify as a reorganization under the provisions of Section 368(a) of
the Code.
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and promises contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:
<PAGE>
ARTICLE I
DEFINITIONS
1.1 DEFINED TERMS. As used in this Agreement, the following defined terms
have the meanings indicated below:
"Accounts Receivable" has the meaning set forth in Section 3.22.
"Acquisition Co." has the meaning set forth in the first paragraph of this
Agreement.
"Acquisition Co. Common Stock" has the meaning set forth in Section 2.6(g).
"Actions or Proceedings" means any action, suit, proceeding, arbitration,
Order, inquiry, hearing, assessment with respect to fines or penalties or
litigation (whether civil, criminal, administrative, investigative or informal)
commenced, brought, conducted or heard by or before, or otherwise involving, any
Governmental or Regulatory Authority.
"Affiliate" means, with respect to any Person, another Person that
directly, or indirectly through one or more intermediaries, controls, is
controlled by or is under common control with such Person, but shall in no event
include Imagyn Medical Technologies, Inc. or its Affiliates.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us