REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 4.1. Qualification, Organization, Subsidiaries, etc. 27
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 5.1 Qualification, Organization, Subsidiaries, etc. 27 Section 5.2 Corporate Authority Relative to this Agreement; No Violation. 27 Section 5.3 Investigations; Litigation 28 Section 5.4 Proxy Statement; Other Information 28 Section 5.5 Capitalization of Merger Sub 28 Section 5.6 Financing 29 Section 5.7 Guaranty 30 Section 5.8 Finders or Brokers 30 Section 5.9 Certain Arrangements 30 Section 5.10 Ownership of Common Stock 30 Section 5.11 Solvency 30 Section 5.12 No Additional Representations. 31 ARTICLE VI. COVENANTS AND AGREEMENTS 31 Section 6.1 Conduct of Business by the Company and Parent. 31 Section 6.2 Control of Operations 35 Section 6.3 Access. 35 Section 6.4 Alternative Proposals. 36 Section 6.5 Filings; Other Actions. 38 Section 6.6 Employee Matters. 39 Section 6.7 Efforts. 40 Section 6.8 Takeover Statute 42 Section 6.9 Public Announcements 42 Section 6.10 Indemnification and Insurance 42 Section 6.11 Parent Financing 44 Section 6.12 Further Assurances 48 Section 6.13 Notices of Certain Events 48 Section 6.14 Rule 16b-3 48 Section 6.15 Defense of Litigation 49 Section 6.16 Obligations of Merger Sub 49 Section 6.17 Voting of Shares 49 Section 6.18 Repayment of Indebtedness 49 ARTICLE VII. CONDITIONS TO THE MERGER 50 Section 7.1 Conditions to Each Party’s Obligation to Effect the Merger 50 Section 7.2 Conditions to Obligation of the Company to Effect the Merger 50 Section 7.3 Conditions to Obligations of Parent and Merger Sub to Effect the Merger 51 Section 7.4 Frustration of Closing Conditions 51 ARTICLE VIII. TERMINATION 52 Section 8.1 Termination and Abandonment 52 Section 8.2 Manner and Effect of Termination 53 Section 8.3 Termination Fee 53 ARTICLE IX. MISCELLANEOUS 55 Section 9.1 No Survival of Representations and Warranties 55 Section 9.2 Expenses 55 Section 9.3 Counterparts; Effectiveness 55 Section 9.4 Governing Law; Jurisdiction 56 Section 9.5 Specific Enforcement 56 Section 9.6 WAIVER OF JURY TRIAL 57 Section 9.7 Notices 57 Section 9.8 Binding Effect; Benefit; Assignment 58 Section 9.9 Severability 59 Section 9.10 Entire Agreement 59 Section 9.11 Amendments; Waivers 59 Section 9.12 No Recourse 59 THIS AGREEMENT AND PLAN OF MERGER, dated as of August 23, 2015 (this “Agreement”), by and among Bear Parent Inc., a Delaware corporation (“Parent”), Bear Merger Sub Inc., a Delaware corporation and a wholly owned Subsidiary of Parent (“Merger Sub”), and Xxxx, Inc., a Delaware corporation (the “Company”).
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 3.1. Qualification; Organization, Subsidiaries, etc 27 Section 3.2. Corporate Authority Relative to This Agreement; No Violation 28 Section 3.3. Investigations; Litigation 29 Section 3.4. Financing 29 Section 3.5. Commitment Agreement 29 Section 3.6. Capitalization of Merger Sub; No Prior Activities 29 Section 3.7. Information in Proxy Statement 29 Section 3.8. Finders or Brokers 29 Section 3.9. Lack of Ownership of Company Common Stock 30 Section 3.10. Solvency 30 Section 3.11. No Additional Representations 30 Section 3.12. Acknowledgement Regarding Company Representations 30
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 3.1 Due Organization; Etc 27
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. 5.1 Organization and Standing 27 5.2 Corporate Power 27 5.3 Authorization 27 5.4 Authorized Securities 28 5.5 Subsidiaries 28 5.6 Capitalization 28 5.7 Compliance with Securities Laws 29 5.8 Absence of Certain Changes or Events 30 5.9 Internal Controls 30 5.10 Material Agreements 30 5.11 Title to Properties and Assets; Liens 31 5.12 Compliance with Other Instruments and Laws 31 5.13 Litigation 31 5.14 Governmental or Third Party Consents 32 5.15 Permits 32 5.16 Brokers or Finders 32 5.17 Tax Returns and Payments 32 5.18 Insurance 33 5.19 Environmental and Safety Laws 33 5.20 No Assets; No Liabilities 33 5.21 Application of Takeover Protections 33 5.22 Operations of Merger Sub 34 5.23 Disclosure 34 5.24 Trading Matters 34 5.25 Foreign Corrupt Practices 34 5.26 OFAC 34 5.27 Patriot Act 34 6.1 Confidentiality and Announcements 35 6.2 Tax Free Contribution for U.S. Federal Income Tax Purposes 35 6.3 Transaction Form 8-K; Form 8-A; Other Filings 35 6.4 Kidville Manager and Member Meetings and Merger Sub Stockholder Meeting 36
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 4.1 Organization and Qualification; Subsidiaries 27
Section 4.2 Certificate of Incorporation, Bylaws, and Other Organizational Documents 27
Section 4.3 Authority Relative to Agreement 28
Section 4.4 No Conflict; Required Filings and Consents 28 Section 4.5 Absence of Certain Agreements 29 Section 4.6 Absence of Litigation 29
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. Section 4.1 Organization 27 Section 4.2 Authority 28 Section 4.3 No Conflict; Required Filings and Consents 28 Section 4.4 Absence of Litigation 29 Section 4.5 Capitalization and Operations 29 Section 4.6 Brokers 29 Section 4.7 Certain Arrangements 29 Section 4.8 Financing 29 Section 4.9 Limited Guarantee 30 Section 4.10 Ownership of Shares 30 Section 4.11 Solvency 30 Section 4.12 No Other Contracts 31 Section 4.13 Schedule 13E-3; Proxy Statement 31 Section 4.14 Non-Reliance on Company Estimates 31 Section 4.15 Independent Investigation 31 Section 4.16 No Other Representations or Warranties 32
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27. 4.1 Corporate Organization 27 4.2 Authority Relative to this Agreement 29 4.3 Consents and Approvals; No Violations 29 4.4 Litigation 30 4.5 Brokers 30 4.6 Available Funds 30 4.7 Ownership of Merger Sub; No Prior Activities 31 4.8 No Ownership of Company Capital Stock 31 4.9 Proxy Statement 31
