REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. SUB 35 4.01. Representations and Warranties of Buyer and Buyer Sub 35 ARTICLE FIVE — FURTHER COVENANTS OF SELLER 54 5.01. Operation of Business 54 5.02. Notification 59 5.03. No Solicitation 60 5.04. Delivery of Information 63 5.05. Takeover Laws 63 5.06. No Control 63 5.07. Exchange Listing 63 5.08. Section 16 Votes 63 5.09. [Reserved] 63 5.10. Dividend Reinvestment 64 5.11. ESOP and 401(k) Matters 64 5.12. Seller Restricted Stock 65 ARTICLE SIX — FURTHER COVENANTS OF BUYER 65 6.01. Access to Information 65 6.02. Opportunity of Employment; Employee Benefits; Retention Pool 65 6.03. Exchange Listing 68 6.04. Notification 68 6.05. Takeover Laws 68 6.06. Officers’ and Directors’ Indemnification and Insurance 68 6.07. Appointment of Seller Director to Board of Directors 70 6.08. Operation of Business 70 6.09. Buyer Forbearances 70 6.10. Seller Shares 71 ARTICLE SEVEN — FURTHER OBLIGATIONS OF THE PARTIES 71 7.01. Confidentiality 71 7.02. Necessary Further Action 72 7.03. Cooperative Action 72 7.04. Satisfaction of Conditions 72 7.05. Press Releases 72 7.06. Registration Statements; Proxy Statement; Shareholders’ Meetings 72 7.07. Regulatory Applications 75 7.08. Coordination of Dividends 76 ARTICLE EIGHT — CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE PARTIES 76 8.01. Conditions to the Obligations of Buyer and Buyer Sub 76 8.02. Conditions to the Obligations of Seller and Seller Sub 77 8.03. Mutual Conditions 78 ARTICLE NINE — CLOSING 79 9.01. Closing 79 9.02. Closing Transactions Required of Buyer 79 9.03. Closing Transactions Required of Seller 80 ARTICLE TEN — NON-SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS 80 10.01. Non-Survival of Representations, Warranties and Covenants 80 ARTICLE ELEVEN — TERMINATION 81 11.01. Termination 81 11.02. Effect of Termination 85 ARTICLE TWELVE — MISCELLANEOUS 86 12.01. Notices 86 12.02. Counterparts 87 12.03. Entire Agreement; No Third-Party Rights 87 12.04. Successors and Assigns 87 12.05. Captions 88 12.06. Governing Law 88 12.07. Payment of Fees and Expenses 88 12.08. Amendment 88 12.09. Waiver 88 12.10. Disclosure Schedules 88 12.11. Waiver of Jury Trial 89 12.12. Severability 89 12.13. Specific Performance 89
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. GUARANTOR ISSUER 22
6.1. Buyer’s Representations and Warranties 22 6.2. Buyer Guarantor’s Representations and Warranties 23
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. S PARENT 37 Section 5.01 Organization of Buyer and Buyer’s Parent. 37 Section 5.02 Authority of Buyer and Buyer’s Parent. 37 Section 5.03 Issuance of Buyer’s Parent’s Shares 37 Section 5.04 No Conflicts; Consents. 38 Section 5.05 Public Filings. 38 Section 5.06 Brokers. 38 Section 5.07 No Other Representations or Warranties. 38 ARTICLE VI COVENANTS 39 Section 6.01 Confidentiality 39
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. S GUARANTOR 40 5.1 Organization 40 5.2 Authority; Non-Contravention 40 5.3 Governmental Approvals 41 5.4 SEC Documents. 41 5.5 Shares of Common Stock 42 5.6 Resources 42 Article VI GUARANTEE BY BUYER’S GUARANTOR 42 Article VII CERTAIN AGREEMENTS OF THE PARTIES 43 7.1 Governmental Authorities 43 7.2 Public Announcements 43 7.3 Confidentiality 43 7.4 Tax Matters 44 7.5 Non-Competition, Non-Solicitation and Non-Hire Covenants 46 7.6 Release 46 7.7 Discharge of Director 46 7.8 Employee Matters and Company Plans 47 7.9 Registration of Shares 47 7.10 No subsequent transfer of Shares. 47 Article VIII CLOSING 48 8.1 Closing Obligations of Buyer 48 8.2 Closing Obligation of Seller 48 Article IX POST-CLOSING COVENANTS 49
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. GUARANTOR. 55 5.1 Organization; Capacity. 55 5.2 Authority; Non-contravention; Binding Agreement. 55 5.3 Litigation. 56 5.4 Brokers and Finders. 56 5.5 Financing; Solvency. 56
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. GUARANTOR 41 4.1 Organization; Capacity; Capitalization 41
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. PARENT 4.1 Organization; Power and Authority 4.2 Authorization; Execution and Validity 4.3 No Conflict; Buyer Consents 4.4 Litigation; Orders 4.5 Sufficient Funds 4.6 Brokers ARTICLE 5 COVENANTS OF QUEST 5.1 Cooperation by Quest 5.2 Pre-Closing Access to Information 5.3 Operation of Business 5.4 Further Assurances 5.5
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. BANK Section 4.1 Organization and Related Matters of Buyer 32 Section 4.2 Capitalization 33 Section 4.3 Financial Statements; Filings 33 Section 4.4 Authority; No Violation 34 Section 4.5 Consents and Approvals 35 Section 4.6 Absence of Certain Changes or Events 35 Section 4.7 Buyer Information 35 Section 4.8 Regulatory Matters 35 Section 4.9 Deposit Insurance 35 Section 4.10 Legal Proceedings, Etc. 35 Section 4.11 Controls and Procedures 36 Section 4.12 SEC Filings 37 Section 4.13 Reorganization Treatment 37 Section 4.14 Access to Funds 37 Section 4.15 Compliance with Laws 37 Section 4.16 Broker’s Fee 38 Section 4.17 Derivative Contracts 38 Section 4.18 Untrue Statements and Omissions 39 Section 4.19 Certain Loans and Related Matters 39 Section 4.20 Taxes and Tax Returns 39 Section 4.21 Environmental Matters 40 ARTICLE 5
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. PARENT 29 4.1 Organization, Good Standing and Power 29 4.2 Authorization and Validity of Agreements 29 4.3 Consents and Approvals; No Conflict 29 4.4 Legal Proceedings 30 4.5 Certain Fees 30 4.6 Financing 30 4.7 Access and Investigation 30 4.8 No Other Representations or Warranties 31
REPRESENTATIONS AND WARRANTIES OF BUYER AND BUYER. BANK 37 ARTICLE V - COVENANTS RELATING TO CONDUCT OF BUSINESS 44 ARTICLE VI - ADDITIONAL AGREEMENTS 48
