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Agreement and Plan of Merger

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Title:

Agreement and Plan of Merger

Entities:

Date:

2001

Size:

Preview shows 5KB of 211KB total

Price:

$59

ID:

#890140

► Plans ► Agreements ► Agreements & Plans of Merger

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<SEQUENCE>2

<FILENAME>0002.txt

<DESCRIPTION>AGREEMENT AND PLAN OF MERGER

<TEXT>







                          AGREEMENT AND PLAN OF MERGER



                                  by and among



Insituform Technologies, Inc., K Acquisition Corp. and TRX Acquisition Corp.,



              Kinsel Industries, Inc. and Tracks of Texas, Inc.



                                       and



                         the Kinsel/Tracks Shareholders



                                      dated



                                January 13, 2001





<PAGE>







                                Table of Contents



ARTICLE 1. DEFINITIONS.......................................................2





ARTICLE 2. TERMS OF MERGER...................................................2



2.1 The Kinsel Merger........................................................2

2.2 The Tracks Merger........................................................2

2.3 Closing and Effective Time...............................................2

2.4 Articles of Incorporation, Bylaws, Directors and Officers of Kinsel......3

2.5 Articles of Incorporation, Bylaws, Directors and Officers of Tracks......3

2.6 Other Effects of Merger..................................................3

2.7 Conversion; Merger Consideration.........................................3

2.8 Surrender and Exchange of Company Share Certificates.....................5

2.9 Holdback.................................................................6

2.10 Registration Statement..................................................7

2.11 Tax-Free Reorganization................................................12

2.12 Additional Actions.....................................................12

2.13 Kinsel/Tracks Shareholders' Representative and Durable

       Power of Attorney....................................................12



ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF KINSEL, TRACKS AND THE

KINSEL/TRACKS SHAREHOLDERS..................................................14



3.1 Company Organization, Qualification and Good Standing...................14

3.2 Company Authorization...................................................14

3.3 No Company Conflicts....................................................15

3.4 Company Consents........................................................15

3.5 Capitalization and Ownership............................................15

3.6 Company Financial Statements; Changes in Condition......................15

3.7 No Undisclosed Liabilities..............................................18

3.8 Taxes...................................................................18

3.9 No Company Subsidiaries.................................................21

3.10 Ownership of Assets....................................................21

3.11 Completeness of Assets.................................................21

3.12 Accounts Receivable....................................................21

3.13 Inventory..............................................................22

3.14 Other Personal Property................................................22

3.15 Facilities.............................................................22

3.16 Insurance..............................................................23

3.17 Contracts..............................................................23

3.18 Intellectual Property..................................................24

3.19 Employees..............................................................24

3.20 Labor Matters..........................................................25

3.21 Employee Benefit Plans.................................................25

3.22 Environmental Matters..................................................26

3.23 Litigation.............................................................27

3.24 Transactions with Affiliates...........................................27

3.25 Compliance with Laws...................................................28

3.26 No Insolvency..........................................................28

3.27 Business Relationships.................................................28

<PAGE>



3.28 No Company Brokers.....................................................28

3.29 Books and Records; Disclosure..........................................28

3.30 JEA Contract and Joint Venture.........................................29

3.31 Permits................................................................29

3.32 Net Equity.............................................................29

3.33 Work in Progress.......................................................29

3.34 Former Shareholders....................................................29



ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF KINSEL/TRACKS SHAREHOLDERS.....29

End of Preview

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