REPRESENTATIONS AND WARRANTIES OF CROSSBOX AND MERGER SUB 16. Section 3.1. Organization; Standing and Power; Subsidiaries 16 Section 3.2. Authority; Binding Nature of Agreement 17 Section 3.3. Absence of Restrictions; Required Consents 17 Section 3.4. Capitalization 18 Section 3.5. Title to and Sufficiency of Assets 19 Section 3.6. Properties 19 TABLE OF CONTENTS (continued) Page Section 3.7. Intellectual Property 20 Section 3.8. Contracts 20 Section 3.9. Compliance with Laws; Governmental Authorizations 21 Section 3.10. Tax Matters 21 Section 3.11. Environmental Matters 21 Section 3.12. Crossbox SEC Filings 22 Section 3.13. Crossbox Financial Statements 23 Section 3.14. Valid Issuance 23 Section 3.15. Legal Proceedings; Orders 23 Section 3.16. Absence of Certain Changes 24 Section 3.17. Finder’s Fee 24 Section 3.18. Certain Payments 24 Section 3.19. Full Disclosure 26 ARTICLE IV. CERTAIN COVENANTS AND AGREEMENTS 25 Section 4.1. Access and Investigation 25 Section 4.2. Operation of the Company’s Business 25 Section 4.3. Operation of Crossbox’s and Merger Sub’s Businesses 27 Section 4.4. Notification 28 Section 4.5. Intentionally Omitted 30 Section 4.6. Private Placement 30 Section 4.7. Board of Directors 30 Section 4.8. Blue Sky Filings 30 Section 4.9. Crossbox Articles of Amendment 31 Section 4.10. Crossbox SEC Documents; 31 Section 4.11. Majority Stockholders Consent 31 Section 4.12. Public Announcements 31 Section 4.13. Reasonable Efforts; Further Assurances; Cooperation 32 Section 4.14. Stock Option Plan 32 Section 4.15. Third Party Loan 32 Section 4.16. 8-K Interim Report 33 Section 4.17. Indemnification 33 ARTICLE V. CONDITIONS PRECEDENT TO OBLIGATIONS OF CROSSBOX AND MERGER SUB 35 Section 5.1. Accuracy of Representations 35 Section 5.2. Performance of Covenants 35 Section 5.3. Company Compliance Certificate 35 Section 5.4. No Company Material Adverse Effect 35 Section 5.5. Company Stockholder Approval 35 Section 5.6. Due Diligence Investigation 35 Section 5.7. Consents 36 -ii- TABLE OF CONTENTS (continued) Page
