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PLAN OF MERGER
This Plan of Merger ("Plan") is entered into this 30th day of December,
1998, by and between T-Netix International Corporation, a Colorado corporation
("TIC"), and Cell-Tel Monitoring, Inc., a Florida corporation ("Cell-Tel").
RECITALS
A. TIC is a wholly owned subsidiary of T-NETIX, Inc., a Colorado
corporation.
B. The respective Boards of Directors of TIC and Cell-Tel have
determined that it is in the best interest of said corporation and
their shareholders to merge Cell-Tel with and into TIC, with TIC as
the surviving corporation, upon the terms and conditions set forth
herein.
THEREFORE, in consideration of the mutual covenants contained herein, TIC
and Cell-Tel agree as follows:
1. On the effective date specified in the Articles of Merger to be filed
with the Colorado Secretary of State and the Articles of Merger to be
filed with the Florida Secretary of State, Cell-Tel shall merge with
and into TIC (the "Merger"), the separate existence of Cell-Tel shall
cease and TIC shall continue as the surviving corporation.
2. Upon consummation of the Merger, all outstanding shares of the common
stock and the preferred stock of Cell-Tel shall be canceled in
exchange for consideration described in the Shareholders and
Subscription Agreement dated December 3, 1997, by and among Cell-Tel,
T-NETIX, Inc., Xxxxxxx X. Xxxx and Xxxxx X. Xxxx, as amended.
3. The Articles of Incorporation and bylaws of TIC as in effect
immediately prior to the Merger will remain the Articles of
Incorporation and bylaws of TIC as the surviving corporation after
the Merger. TIC shall immediately after the Merger amend its Articles
of Incorporation to change its corporate name to "T-Netix Monitoring
Corporation" and shall take all actions necessary to become qualified
to transact business in the State of Florida as a foreign
corporation.
4. The directors and officers of TIC immediately prior to the Merger
shall be the directors and officers of TIC after the Merger until
their successors have been elected and have qualified.
5. After the Merger, all rights, privileges, powers and all property and
assets of TIC and Cell-Tel shall be vested in and be held by TIC as
the surviving corporation, without further act or deed, and all the
estates and interest of every kind of TIC and Cell-Tel, including all
debts due to either of them, shall be the property of TIC as the
surviving
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corporation. All rights of creditors and liens upon any property of
TIC or Cell-Tel shall be preserved unimpaired and all debts,
liabilities and duties of TIC and Cell-Tel shall be debts,
liabilities and duties of TIC as the surviving corporation and may
be enforced against it to the same extent as if said debts,
liabilities and duties had been incurred or contracted by it.
6. This Plan may be terminated and the Merger abandoned at any time
prior to the effective date by the mutual written consent of the
parties hereto.
IN WITNESS WHEREOF, this Plan of Merger has been signed by the duly
authorized officers of TIC and Cell-Tel on the date above written.
T-NETIX INTERNATIONAL CORPORATION
/s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx, President
CELL-TEL MONITORING, INC.
/s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx, President
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