Common use of REPRESENTATIONS AND WARRANTIES OF THE COMPANY PARTIES Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF THE COMPANY PARTIES. 19 Section 4.1 Organization, Standing and Power 20 Section 4.2 Capital Structure 20 Section 4.3 Authority; No Violations; Consents and Approvals 22 Section 4.4 Consents 23 Section 4.5 Company SEC Documents; Financial Statements 23 Section 4.6 Absence of Certain Changes or Events 25 Section 4.7 No Undisclosed Material Liabilities 25 Section 4.8 Information Supplied 25 Section 4.9 Company Permits; Compliance with Applicable Law 26 Section 4.10 Compensation; Benefits 26 Section 4.11 Labor Matters 28 Section 4.12 Taxes 30 Section 4.13 Litigation 31 Section 4.14 Intellectual Property 31 Section 4.15 Information Technology and Data Matters 32 Section 4.16 Real Property 33 Section 4.17 Rights-of-Way 33 Section 4.18 Oil and Gas Matters 34 Section 4.19 Environmental Matters 37 Section 4.20 Material Contracts 37 Section 4.21 Insurance 40 Section 4.22 Derivative Transactions and Hedging 40 Section 4.23 Opinion of Financial Advisor 41 Section 4.24 Brokers 41 Section 4.25 Related Party Transactions 41 Section 4.26 Regulatory Matters 41 Section 4.27 Takeover Laws 41 Section 4.28 Tax Treatment 42 Section 4.29 No Additional Representations 42 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE PARENT PARTIES 43 Section 5.1 Organization, Standing and Power 43 Section 5.2 Capital Structure 43 Section 5.3 Authority; No Violations; Consents and Approvals 45 Section 5.4 Consents 46 Section 5.5 Parent SEC Documents; Financial Statements 47 Section 5.6 Absence of Certain Changes or Events 48 Section 5.7 No Undisclosed Material Liabilities 48 Section 5.8 Information Supplied 49 Section 5.9 Parent Permits; Compliance with Applicable Law 49 Section 5.10 Compensation; Benefits 50 Section 5.11 Labor Matters 51 Section 5.12 Taxes 52 Section 5.13 Litigation 53 Section 5.14 Real Property 53 Section 5.15 Rights-of-Way 54 Section 5.16 Oil and Gas Matters 54 Section 5.17 Environmental Matters 57 Section 5.18 Material Contracts 58 Section 5.19 Insurance 60 Section 5.20 Derivative Transactions and Hedging 60 Section 5.21 Opinion of Financial Advisor 60 Section 5.22 Brokers 60 Section 5.23 Related Party Transactions 61 Section 5.24 Business Conduct 61 Section 5.25 Regulatory Matters 61 Section 5.26 Takeover Laws 61 Section 5.27 Tax Treatment 62 Section 5.28 Financing 62 Section 5.29 Ownership of Company Capital Stock 62 Section 5.30 Production 62 Section 5.31 No Additional Representations 62 -ii- ARTICLE VI COVENANTS AND AGREEMENTS 63 Section 6.1 Conduct of the Company Business Pending the Mergers 63 Section 6.2 Conduct of Parent Business Pending the Mergers 67 Section 6.3 No Solicitation by the Company 69 Section 6.4 No Solicitation by Parent 75 Section 6.5 Preparation of the Joint Proxy Statement/Prospectus and Registration Statement 80 Section 6.6 Stockholders Meetings 82 Section 6.7 Access to Information 84 Section 6.8 Reasonable Best Efforts; HSR and Other Approvals 85 Section 6.9 Employee Matters 88 Section 6.10 Indemnification; Directors’ and Officers’ Insurance 90 Section 6.11 Transaction Litigation 92 Section 6.12 Public Announcements 92 Section 6.13 Control of Business 93 Section 6.14 Transfer Taxes 93 Section 6.15 Section 16 Matters 93 Section 6.16 Stock Exchange Listing and Deregistration 93 Section 6.17 Registration Rights Agreement 94 Section 6.18 Intended Tax Treatment; Tax Cooperation 94 Section 6.19 Takeover Laws 95 Section 6.20 Obligations of Merger Sub I and Merger Sub II 95 Section 6.21 Financing Matters 96 Section 6.22 Derivative Contracts; Hedging Matters 96 Section 6.23 Dividends and Distributions 97 Section 6.24 Form S-3 97 ARTICLE VII CONDITIONS PRECEDENT 98 Section 7.1 Conditions to Each Party’s Obligation to Consummate the Mergers 98 Section 7.2 Additional Conditions to Obligations of the Parent Parties 98 Section 7.3 Additional Conditions to Obligations of the Company Parties 99 Section 7.4 Frustration of Closing Conditions 100

REPRESENTATIONS AND WARRANTIES OF THE COMPANY PARTIES. 19 11 Section 4.1 Organization, Standing 3.1. Organization and Power 20 Qualification; Subsidiaries 11 Section 4.2 Capital Structure 20 3.2. Capitalization 12 Section 4.3 Authority3.3. Authority 14 Section 3.4. No Conflict; No Violations; Required Filings and Consents and Approvals 22 15 Section 4.4 Consents 23 Section 4.5 3.5. Company SEC Documents; Financial Statements 23 16 Section 4.6 3.6. Information Supplied 18 Section 3.7. Absence of Certain Changes or Events 25 18 Section 4.7 No 3.8. Undisclosed Material Liabilities 25 19 Section 4.8 Information Supplied 25 Section 4.9 Company 3.9. Permits; Compliance with Applicable Law Laws 19 Section 3.10. Litigation 20 Section 3.11. Employee Benefits 20 Section 3.12. Labor Matters 22 Section 3.13. Tax Matters 23 Section 3.14. Properties 26 Section 4.10 Compensation; Benefits 26 3.15. Environmental Matters 29 Section 4.11 Labor Matters 28 Section 4.12 Taxes 3.16. Intellectual Property 30 Section 4.13 Litigation 3.17. Contracts 31 Section 4.14 Intellectual Property 31 Section 4.15 Information Technology and Data Matters 32 Section 4.16 Real Property 33 Section 4.17 Rights-of-Way 33 Section 4.18 Oil and Gas Matters 34 Section 4.19 Environmental Matters 37 Section 4.20 Material Contracts 37 Section 4.21 Insurance 40 Section 4.22 Derivative Transactions and Hedging 40 Section 4.23 3.18. Opinion of Financial Advisor 41 33 Section 4.24 3.19. Takeover Statutes 34 Section 3.20. Vote Required 34 Section 3.21. Insurance 34 Section 3.22. Investment Company Act 34 Section 3.23. Brokers 41 35 Section 4.25 Related Party Transactions 41 Section 4.26 Regulatory Matters 41 Section 4.27 Takeover Laws 41 Section 4.28 Tax Treatment 42 Section 4.29 3.24. Acknowledgement of No Additional Other Representations 42 or Warranties 35 ARTICLE V IV REPRESENTATIONS AND WARRANTIES OF THE PARENT PARTIES 43 ENTITIES, MERGER SUB I AND MERGER SUB II 36 Section 5.1 Organization, Standing 4.1. Organization 36 Section 4.2. Authority 37 Section 4.3. No Conflict; Required Filings and Power 43 Consents 37 Section 5.2 Capital Structure 43 4.4. Litigation 38 Section 5.3 Authority; No Violations; Consents and Approvals 45 4.5. Brokers 38 Section 5.4 Consents 46 Section 5.5 Parent SEC Documents; Financial Statements 47 Section 5.6 Absence of Certain Changes or Events 48 Section 5.7 No Undisclosed Material Liabilities 48 Section 5.8 4.6. Information Supplied 49 39 Section 5.9 Parent Permits; Compliance with Applicable Law 49 Section 5.10 Compensation; Benefits 50 Section 5.11 Labor Matters 51 Section 5.12 Taxes 52 Section 5.13 Litigation 53 Section 5.14 Real Property 53 Section 5.15 Rights-of-Way 54 Section 5.16 Oil and Gas Matters 54 Section 5.17 Environmental Matters 57 Section 5.18 Material Contracts 58 Section 5.19 Insurance 60 Section 5.20 Derivative Transactions and Hedging 60 Section 5.21 Opinion of Financial Advisor 60 Section 5.22 Brokers 60 Section 5.23 Related Party Transactions 61 Section 5.24 Business Conduct 61 Section 5.25 Regulatory Matters 61 Section 5.26 Takeover Laws 61 Section 5.27 Tax Treatment 62 Section 5.28 Financing 62 Section 5.29 Ownership of Company Capital Stock 62 Section 5.30 Production 62 Section 5.31 No Additional Representations 62 -ii- ARTICLE VI COVENANTS AND AGREEMENTS 63 Section 6.1 Conduct of the Company Business Pending the Mergers 63 Section 6.2 Conduct of Parent Business Pending the Mergers 67 Section 6.3 No Solicitation by the Company 69 Section 6.4 No Solicitation by Parent 75 Section 6.5 Preparation of the Joint Proxy Statement/Prospectus and Registration Statement 80 Section 6.6 Stockholders Meetings 82 Section 6.7 Access to Information 84 Section 6.8 Reasonable Best Efforts; HSR and Other Approvals 85 Section 6.9 Employee Matters 88 Section 6.10 Indemnification; Directors’ and Officers’ Insurance 90 Section 6.11 Transaction Litigation 92 Section 6.12 Public Announcements 92 Section 6.13 Control of Business 93 Section 6.14 Transfer Taxes 93 Section 6.15 Section 16 Matters 93 Section 6.16 Stock Exchange Listing and Deregistration 93 Section 6.17 Registration Rights Agreement 94 Section 6.18 Intended Tax Treatment; Tax Cooperation 94 Section 6.19 Takeover Laws 95 Section 6.20 Obligations of 4.7. Merger Sub I and Merger Sub II 95 39 Section 6.21 Financing 4.8. Sufficient Funds 39 Section 4.9. Guaranty 41 Section 4.10. Solvency 41 Section 4.11. Absence of Certain Arrangements 41 Section 4.12. Tax Matters 96 42 Section 6.22 Derivative Contracts; Hedging Matters 96 Section 6.23 Dividends 4.13. Acknowledgement of No Other Representations and Distributions 97 Section 6.24 Form S-3 97 ARTICLE VII CONDITIONS PRECEDENT 98 Section 7.1 Conditions to Each Party’s Obligation to Consummate the Mergers 98 Section 7.2 Additional Conditions to Obligations of the Parent Parties 98 Section 7.3 Additional Conditions to Obligations of the Company Parties 99 Section 7.4 Frustration of Closing Conditions 100Warranties 42

REPRESENTATIONS AND WARRANTIES OF THE COMPANY PARTIES. 18 Section 5.01 Corporate Organization of the Company 18 Section 5.02 Subsidiaries 19 Section 4.1 Organization, Standing and Power 5.03 Due Authorization 19 Section 5.04 No Conflict 19 Section 5.05 Governmental Authorities; Consents 20 Section 4.2 Capital Structure 5.06 Current Capitalization 20 Section 4.3 Authority5.07 Capitalization of Subsidiaries 20 Section 5.08 Financial Statements 21 Section 5.09 Undisclosed Liabilities 21 Section 5.10 Litigation and Proceedings 21 Section 5.11 Compliance with Laws 21 Section 5.12 Contracts; No Violations; Consents and Approvals Defaults 22 Section 4.4 Consents 23 5.13 Company Benefit Plans 24 Section 4.5 Company SEC Documents; Financial Statements 23 Section 4.6 Absence of Certain Changes or Events 25 Section 4.7 No Undisclosed Material Liabilities 25 Section 4.8 Information Supplied 25 Section 4.9 Company Permits; Compliance with Applicable Law 5.14 Labor Matters 26 Section 4.10 Compensation; Benefits 5.15 Taxes 26 Section 4.11 Labor Matters 28 Section 4.12 Taxes 5.16 Insurance 30 Section 4.13 Litigation 5.17 Permits 30 Section 5.18 Real Property 30 Section 5.19 Intellectual Property, Data Privacy and IT Security 31 Section 4.14 Intellectual Property 31 Section 4.15 Information Technology and Data Matters 32 Section 4.16 Real Property 33 Section 4.17 Rights-of-Way 33 Section 4.18 Oil and Gas 5.20 Environmental Matters 34 Section 4.19 Environmental Matters 37 Section 4.20 Material Contracts 37 Section 4.21 Insurance 40 Section 4.22 Derivative Transactions and Hedging 40 Section 4.23 Opinion of Financial Advisor 41 Section 4.24 Brokers 41 Section 4.25 Related Party Transactions 41 Section 4.26 Regulatory Matters 41 Section 4.27 Takeover Laws 41 Section 4.28 Tax Treatment 42 Section 4.29 No Additional Representations 42 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE PARENT PARTIES 43 Section 5.1 Organization, Standing and Power 43 Section 5.2 Capital Structure 43 Section 5.3 Authority; No Violations; Consents and Approvals 45 Section 5.4 Consents 46 Section 5.5 Parent SEC Documents; Financial Statements 47 Section 5.6 5.21 Absence of Certain Changes or Events 48 Section 5.7 No Undisclosed Material Liabilities 48 Section 5.8 Information Supplied 49 Section 5.9 Parent Permits; Compliance with Applicable Law 49 Section 5.10 Compensation; Benefits 50 Section 5.11 Labor Matters 51 Section 5.12 Taxes 52 Section 5.13 Litigation 53 Section 5.14 Real Property 53 Section 5.15 Rights-of-Way 54 Section 5.16 Oil and Gas Matters 54 Section 5.17 Environmental Matters 57 Section 5.18 Material Contracts 58 Section 5.19 Insurance 60 Section 5.20 Derivative Transactions and Hedging 60 Section 5.21 Opinion of Financial Advisor 60 34 Section 5.22 Brokers 60 Brokers’ Fees 35 Section 5.23 Related Party Transactions 61 35 Section 5.24 Business Conduct 61 Customers and Suppliers 35 Section 5.25 Regulatory Matters 61 Section 5.26 Takeover Laws 61 Section 5.27 Tax Treatment 62 Section 5.28 Financing 62 Section 5.29 Ownership of Company Capital Stock 62 Section 5.30 Production 62 Section 5.31 No Additional Representations 62 -ii- Proxy Statement 35 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF SPAC 35 Section 6.01 Corporate Organization 35 Section 6.02 Due Authorization 36 Section 6.03 No Conflict 36 Section 6.04 Litigation and Proceedings 37 Section 6.05 Governmental Authorities; Consents 37 Section 6.06 Compliance with Laws 37 Section 6.07 Financial Ability; Trust Account 38 Section 6.08 Brokers’ Fees 38 Section 6.09 SEC Reports; Financial Statements; Xxxxxxxx-Xxxxx Act; Undisclosed Liabilities 38 Section 6.10 Business Activities 39 Section 6.11 Tax Matters 40 Section 6.12 Capitalization 41 Section 6.13 Listing 42 Section 6.14 SPAC Material Contracts 42 Section 6.15 Investment Company Act 42 Section 6.16 Proxy Statement 42 ARTICLE VII COVENANTS OF THE COMPANY AND AGREEMENTS 63 ITS SUBSIDIARIES 42 Section 6.1 7.01 Conduct of Business 42 Section 7.02 Inspection 45 Section 7.03 No Claim Against the Company Business Pending the Mergers 63 Trust Account 45 Section 6.2 Conduct of Parent Business Pending the Mergers 67 Section 6.3 No Solicitation by the Company 69 Section 6.4 No Solicitation by Parent 75 Section 6.5 Preparation of the Joint 7.04 Form F-4 and Proxy Statement/Prospectus Prospectus; Other Actions 45 Section 7.05 Closing Preparation Matters 46 ARTICLE VIII COVENANTS OF SPAC 46 Section 8.01 Indemnification and Registration Statement 80 Insurance 46 Section 6.6 Stockholders Meetings 82 8.02 Conduct of SPAC During the Interim Period 48 Section 6.7 Access to Information 84 8.03 Certain Transaction Agreements 49 Section 6.8 Reasonable Best Efforts; HSR and Other Approvals 85 8.04 Inspection 49 Section 6.9 Employee Matters 88 8.05 SPAC NASDAQ Listing 49 Section 6.10 Indemnification; Directors’ and Officers’ Insurance 90 8.06 SPAC Public Filings 49 Section 6.11 Transaction Litigation 92 Section 6.12 Public Announcements 92 Section 6.13 Control of Business 93 Section 6.14 Transfer Taxes 93 Section 6.15 8.07 Section 16 Matters 93 50 Section 6.16 Stock Exchange Listing 8.08 Financial Statements 50 ARTICLE IX JOINT COVENANTS 50 Section 9.01 Regulatory Approvals 50 Section 9.02 Support of Transaction 51 Section 9.03 Preparation of Form F-4 and Deregistration 93 Proxy Statement/Prospectus; SPAC Special Meeting 52 Section 6.17 Registration Rights 9.04 SPAC Special Meeting 53 Section 9.05 Intervening Event 53 Section 9.06 Exclusivity 54 Section 9.07 Tax Matters 54 Section 9.08 Confidentiality; Publicity 55 Section 9.09 Post-Closing Cooperation; Further Assurances 56 Section 9.10 Transaction Agreement 94 56 Section 6.18 Intended Tax Treatment; Tax Cooperation 94 9.11 Pubco Board of Directors 56 Section 6.19 Takeover Laws 95 9.12 Audited Financial Statements 57 ARTICLE X CONDITIONS TO OBLIGATIONS 57 Section 6.20 10.01 Conditions to Obligations of Merger Sub I and Merger Sub II 95 All Parties 57 Section 6.21 Financing Matters 96 Section 6.22 Derivative Contracts; Hedging Matters 96 Section 6.23 Dividends and Distributions 97 Section 6.24 Form S-3 97 ARTICLE VII CONDITIONS PRECEDENT 98 Section 7.1 Conditions to Each Party’s Obligation to Consummate the Mergers 98 Section 7.2 10.02 Additional Conditions to Obligations of the Parent Parties 98 SPAC 57 Section 7.3 10.03 Additional Conditions to the Obligations of the Company Parties 99 58 Section 7.4 10.04 Frustration of Closing Conditions 10059 ARTICLE XI TERMINATION/EFFECTIVENESS 59 Section 11.01 Termination 59 Section 11.02 Effect of Termination 60 ARTICLE XII MISCELLANEOUS 60 Section 12.01 Waiver 60 Section 12.02 Notices 60 Section 12.03 Assignment 61 Section 12.04 Rights of Third Parties 62 Section 12.05 Expenses 62 Section 12.06 Governing Law 62 Section 12.07 Captions; Counterparts 62 Section 12.08 Schedules and Exhibits 62 Section 12.09 Entire Agreement 63 Section 12.10 Amendments 63 Section 12.11 Severability 63 Section 12.12 Jurisdiction; WAIVER OF TRIAL BY JURY 63 Section 12.13 Enforcement 63 Section 12.14 Non-Recourse 64 Section 12.15 Nonsurvival of Representations, Warranties and Covenants 64 Section 12.16 Acknowledgements 64 EXHIBITS Exhibit A-1 – Investor Exchange and Support Agreement Exhibit A-2 – Management Exchange and Support Agreement Exhibit B – Pubco Charter Exhibit C – A&R Sponsor Agreement Exhibit D – Registration Rights Agreement Exhibit E – Warrant Assumption Agreement Exhibit F – Director Nomination Agreement Exhibit G – Certificate of Merger AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of November 22, 2022, by and among CIIG Capital Partners II, Inc. a Delaware corporation (“SPAC”), Zapp Electric Vehicles Limited, a private company limited by shares registered in England and Wales with registered number 10870546, and having its registered office at 0 Xxxxxxxxxx Xxxx, Xxxxxxxxx Xxxx, Xxxxxxx, Xxxxxx XX0 0XX (the “Company”), Zapp Electric Vehicles Group Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands (“Pubco”) and Zapp Electric Vehicles, Inc., a Delaware corporation and direct, wholly owned subsidiary of Pubco (“Merger Sub”). SPAC, the Company, Pubco and Merger Sub are collectively referred to herein as the “Parties” and individually as a “Party.” Capitalized terms used and not otherwise defined herein have the meanings set forth in Section 1.01.

REPRESENTATIONS AND WARRANTIES OF THE COMPANY PARTIES. 19 Section 4.1 Organization, Standing 4.1. Company Organization 27 Section 4.2. Subsidiaries 27 Section 4.3. Due Authorization 27 Section 4.4. No Conflict 28 Section 4.5. Governmental Authorities; Consents 29 Section 4.6. Capitalization of the Company Parties 29 Section 4.7. Capitalization of Subsidiaries 30 Section 4.8. Financial Statements 31 Section 4.9. Undisclosed Liabilities 32 Section 4.10. Litigation and Power 20 Proceedings 32 TABLE OF CONTENTS (continued) Page Section 4.2 Capital Structure 20 4.11. Legal Compliance 32 Section 4.3 Authority4.12. Contracts; No ViolationsDefaults 32 Section 4.13. Company Benefit Plans 35 Section 4.14. Labor Relations; Consents Employees 37 Section 4.15. Taxes 39 Section 4.16. Brokers’ Fees 41 Section 4.17. Insurance 41 Section 4.18. Licenses 41 Section 4.19. Equipment and Approvals 22 Other Tangible Property 42 Section 4.4 Consents 23 4.20. Real Property 42 Section 4.5 Company SEC Documents; Financial Statements 23 4.21. Intellectual Property 43 Section 4.6 4.22. Regulatory Compliance 46 Section 4.23. Privacy and Cybersecurity 48 Section 4.24. Environmental Matters 49 Section 4.25. Absence of Certain Changes or Events 25 49 Section 4.7 No Undisclosed Material Liabilities 25 4.26. Anti-Corruption Compliance 50 Section 4.8 4.27. Sanctions and International Trade Compliance 50 Section 4.28. Information Supplied 25 50 Section 4.9 Company Permits; Compliance with Applicable Law 26 4.29. Vendors 51 Section 4.10 Compensation; Benefits 26 4.30. Government Contracts 51 Section 4.11 Labor Matters 28 4.31. No Outside Reliance 51 Section 4.12 Taxes 30 Section 4.13 Litigation 31 Section 4.14 Intellectual Property 31 Section 4.15 Information Technology and Data Matters 32 Section 4.16 Real Property 33 Section 4.17 Rights-of-Way 33 Section 4.18 Oil and Gas Matters 34 Section 4.19 Environmental Matters 37 Section 4.20 Material Contracts 37 Section 4.21 Insurance 40 Section 4.22 Derivative Transactions and Hedging 40 Section 4.23 Opinion of Financial Advisor 41 Section 4.24 Brokers 41 Section 4.25 Related Party Transactions 41 Section 4.26 Regulatory Matters 41 Section 4.27 Takeover Laws 41 Section 4.28 Tax Treatment 42 Section 4.29 4.32. No Additional Representations 42 Representation or Warranties 51 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE PARENT PARTIES 43 ACQUIROR AND MERGER SUB Section 5.1 Organization, Standing 5.1. Company Organization 52 Section 5.2. Due Authorization 52 Section 5.3. No Conflict 53 Section 5.4. Litigation and Power 43 Proceedings 53 Section 5.2 Capital Structure 43 5.5. SEC Filings 53 Section 5.3 Authority5.6. Internal Controls; No Violations; Consents and Approvals 45 Section 5.4 Consents 46 Section 5.5 Parent SEC DocumentsListing; Financial Statements 47 54 Section 5.6 5.7. Governmental Authorities; Consents 54 Section 5.8. Trust Account 55 Section 5.9. Investment Company Act; JOBS Act 55 Section 5.10. Absence of Certain Changes or Events 48 55 Section 5.7 5.11. No Undisclosed Material Liabilities 48 56 Section 5.8 Information Supplied 49 5.12. Capitalization of Acquiror 56 Section 5.9 Parent Permits; Compliance with Applicable Law 49 Section 5.10 Compensation; Benefits 50 Section 5.11 Labor Matters 51 Section 5.12 Taxes 52 Section 5.13 Litigation 53 Section 5.14 Real Property 53 Section 5.15 Rights-of-Way 54 Section 5.16 Oil and Gas Matters 54 Section 5.17 Environmental Matters 57 Section 5.18 Material Contracts 5.13. Brokers’ Fees 58 Section 5.19 Insurance 5.14. Indebtedness 58 Section 5.15. Taxes 58 Section 5.16. Business Activities 59 Section 5.17. Stock Market Quotation 60 Section 5.20 Derivative Transactions 5.18. Registration Statement, Proxy Statement and Hedging Proxy Statement/Registration Statement 60 TABLE OF CONTENTS (continued) Section 5.21 Opinion of Financial Advisor 60 Section 5.22 Brokers 60 Section 5.23 Related Party Transactions 5.19. No Outside Reliance 61 Section 5.24 Business Conduct 61 Section 5.25 Regulatory Matters 61 Section 5.26 Takeover Laws 61 Section 5.27 Tax Treatment 62 Section 5.28 Financing 62 Section 5.29 Ownership of Company Capital Stock 62 Section 5.30 Production 62 Section 5.31 5.20. No Additional Representations 62 -ii- Representation or Warranties 61 ARTICLE VI COVENANTS AND AGREEMENTS 63 OF THE COMPANY PARTIES Section 6.1 6.1. Conduct of the Business 61 Section 6.2. Inspection 65 Section 6.3. Preparation and Delivery of Additional Company Business Pending the Mergers 63 Financial Statements 65 Section 6.2 Conduct of Parent Business Pending the Mergers 6.4. Affiliate Agreements 66 Section 6.5. Pre-Closing Restructuring 66 Section 6.6. Acquisition Proposals 66 ARTICLE VII COVENANTS OF ACQUIROR Section 7.1. Employee Matters 67 Section 6.3 7.2. Trust Account Proceeds and Related Available Equity 68 Section 7.3. Listing 68 Section 7.4. No Solicitation by the Company 69 Acquiror 68 Section 6.4 No Solicitation by Parent 75 7.5. Acquiror Conduct of Business 68 Section 6.5 7.6. Post-Closing Directors and Officers of Acquiror 70 Section 7.7. Inspection 71 Section 7.8. Indemnification and Insurance 71 Section 7.9. Acquiror Public Filings 73 Section 7.10. PIPE Subscriptions; Forward Purchase Agreement 73 ARTICLE VIII JOINT COVENANTS Section 8.1. HSR Act; Other Filings 74 Section 8.2. Preparation of the Joint Proxy Statement/Prospectus Registration Statement; Stockholders’ Meeting and Registration Statement 80 Approvals 75 Section 6.6 Stockholders Meetings 82 8.3. Support of Transaction 78 Section 6.7 Access to Information 84 Section 6.8 Reasonable Best Efforts; HSR and Other Approvals 85 Section 6.9 Employee Matters 88 Section 6.10 Indemnification; Directors’ and Officers’ Insurance 90 Section 6.11 Transaction Litigation 92 Section 6.12 Public Announcements 92 Section 6.13 Control of Business 93 Section 6.14 Transfer Taxes 93 Section 6.15 8.4. Section 16 Matters 93 78 Section 6.16 Stock Exchange Listing and Deregistration 93 8.5. Cooperation; Consultation 79 Section 6.17 Registration Rights Agreement 94 8.6. Stockholder Litigation 79 Section 6.18 Intended Tax Treatment; Tax Cooperation 94 Section 6.19 Takeover Laws 95 Section 6.20 Obligations of Merger Sub I and Merger Sub II 95 Section 6.21 Financing Matters 96 Section 6.22 Derivative Contracts; Hedging Matters 96 Section 6.23 Dividends and Distributions 97 Section 6.24 Form S-3 97 8.7. Stockholder Approval 80 TABLE OF CONTENTS (continued) Page ARTICLE VII CONDITIONS PRECEDENT 98 Section 7.1 Conditions to Each Party’s Obligation to Consummate the Mergers 98 Section 7.2 Additional Conditions to Obligations of the Parent Parties 98 Section 7.3 Additional Conditions to Obligations of the Company Parties 99 Section 7.4 Frustration of Closing Conditions 100IX