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Acquisition Agreement
Acquisition Agreement (105K)
Doc #1439971: Click preview link for longer preview.
ACQUISITION AGREEMENT
THIS AMENDED AND RESTATED ACQUISITION AGREEMENT (this "Agreement") is
made this 22nd day of June, 2000, by and between Paramount International
Telecommunications, Inc., a Nevada corporation ("Buyer") and a wholly owned
subsidiary of Carnegie International Corporation, a Colorado corporation
("Carnegie"), and S. R. Alexander Benningfield, and Craig N. Bass (sometimes
referred to collectively as "Sellers" and each individually a "Seller").
RECITALS
A. On June 1, 2000, Buyer and . . .
1439971
|
 Blank Rome
As referenced in this Acquisition Agreement:
Blank Rome – shall have the meaning set forth in Section 12.15 hereof.
CLOSING
The purchase and sale (the "Original Closing") provided for in the
Acquisition Agreement occurred at the offices of Blank Rome Comisky & McCauley
LLP, 250 West Pratt Street, Suite 1100, Baltimore, Maryland 21201 at 12:00 noon
(local time) on June 1, 2000. The amendments to the Acquisition Agreement,
_____________
Blank Rome – and must
be in full force and effect.
8.4. ADDITIONAL DOCUMENTS
Buyer must have caused the following documents to be delivered to Sellers:
8.4.1. An opinion of Blank Rome Comisky & McCauley LLP dated the Closing Date,
in the form of Schedule 8.4.1.
The Employment Agreements, executed by Buyer.
Stock Certificates evidencing the Preferred Stock.
8.
_____________
Blank Rome – Executive Plaza 3, Suite 1001
11350 McCormick Rd.
Hunt Valley, Maryland 21031
Attn: Lowell Farkas, President
Facsimile No.: (410) 785-7415
and a copy to:
James R. Deveney, II, Esquire
Blank Rome Comisky & McCauley LLP
250 West Pratt Street, Suite 1100
Baltimore, Maryland 21201
Facsimile No.: 410.659.1414
11.5. JURISDICTION; SERVICE OF PROCESS
Any action or proceeding seeking
_____________
dt 1470258
;
| |
Preview
Full Doc
| 2003 |
Agreement and Plan of Merger
Agreement and Plan of Merger (201K)
Doc #128452: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
between
KEYSTONE SAVINGS BANK
and
FIRST COLONIAL GROUP, INC.
dated as of March 5, 2003
(Appendixes Omitted)
{PAGE}
AGREEMENT AND PLAN OF MERGER
TABLE OF CONTENTS
Page
----
ARTICLE I DEFINITIONS............................................... 1
ARTICLE II THE MERGER................................................ 6
2.1 The Merger................................................ 6
2.2 Effective Time; Closing................................... 7
2.3 Treatment of Capital Stock................................ 7
2.4 Shareholder Rights; Stock Transfers....................... 8
2.5 Fractional Shares......................................... 8
2.6 Options................................................... 8
2.7 Exchange Procedures....................................... 9
2.8 Additional Actions........................................ 10
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY............. 11
3.1 Capital Structure......................................... 11
3.2 Organization, Standing and Authority of the Company....... 11
3.3 Ownership of the Company Subsidiaries..................... 11
3.4 Organization, Standing and Authority of
the Company Subsidiaries................................ 12
3.5 Authorized and Effective Agreement........................ 12
3.6 Securities Documents and Regulatory Reports............... 13
3.7 Financial Statements...................................... 14
3.8 Material Adverse Change................................... 14
3.9 Environmental Matters..................................... 14
3.10 Tax Matters............................................... 15
3.11 Legal Proceedings......................................... 16
3.12 Compliance with Laws...................................... 16
3.13 Certain Information....................................... 16
3.14 Employee Benefit Plans.................................... 17
3.15 Certain Contracts......................................... 18
3.16 Brokers and Finders....................................... 19
3.17 Insurance................................................. 19
3.18 Properties................................................ 19
3.19 Labor..................................................... 19
3.20 Affiliates................................................ 19
3.21 Allowance for Loan Losses................................. 20
3.22 Fairness Opinion.......................................... 20
3.23 Disclosures............................................... 20
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF KEYSTONE................ 20
4.1 Capital Structure......................................... 20
i
{PAGE}
4.2 Organization, Standing and Authority of Keystone and the
Holding Company ........................................ 20
4.3 Ownership of the Keystone Subsidiaries.................... 21
4.4 Organization, Standing and Authority
of the Keystone Subsidiaries............................ 21
4.5 Authorized and Effective Agreement........................ 21
4.6 Regulatory Reports........................................ 23
4.7 Financial Statements...................................... 23
4.8 Material Adverse Change................................... 23
4.9 Environmental Matters..................................... 23
4.10 Tax Matters............................................... 24
4.11 Legal Proceedings......................................... 25
4.12 Compliance with Laws...................................... 25
4.13 Certain Information....................................... 25
4.14 Employee Benefit Plans.................................... 26
4.15 Certain Contracts......................................... 27
4.16 Brokers and Finders....................................... 28
4.17 Insurance................................................. 28
4.18 Properties................................................ 28
4.19 Labor..................................................... 28
4.20 Ownership of Company Common Stock......................... 28
4.21 Allowance for Losses on Loans............................. 29
4.22 Disclosures............................................... 29
ARTICLE V COVENANTS................................................. 29
5.1 Reasonable Best Efforts................................... 29
5.2 Shareholder and Depositor Meetings........................ 29
5.3 Regulatory Matters........................................ 30
5.4 Investigation and Confidentiality......................... 31
5.5 Press Releases............................................ 31
5.6 Business of the Parties................................... 32
5.7 Certain Actions........................................... 34
5.8 Current Information....................................... 36
5.9 Indemnification; Insurance................................ 36
5.10 Directors and Executive Officers.......................... 38
5.11 Employees and Employee Benefit Plans...................... 38
5.12 Bank Merger............................................... 40
5.13 Organization of the Holding Company....................... 41
5.14 Shareholder and Depositor Agreements...................... 41
5.15 Integration of Policies................................... 41
5.16 Disclosure Supplements.................................... 41
5.17 Failure to Fulfill Conditions............................. 42
5.18 Section 16 Matters........................................ 42
ARTICLE VI CONDITIONS PRECEDENT...................................... 42
6.1 Conditions Precedent - Keystone and the Company........... 42
6.2 Conditions Precedent - The Company........................ 43
6.3 Conditions Precedent - Keystone........................... 44
ii
{PAGE}
ARTICLE VII TERMINATION, WAIVER AND AMENDMENT......................... 45
7.1 Termination............................................... 45
7.2 Effect of Termination..................................... 46
7.3 Survival of Representations, Warranties
and Covenants........................................... 46
7.4 Waiver.................................................... 47
7.5 Amendment or Supplement................................... 47
ARTICLE VIII MISCELLANEOUS................................................ 47
8.1 Expenses; Termination Fees................................ 47
8.2 Entire Agreement.......................................... 48
8.3 No Assignment............................................. 49
8.4 Notices................................................... 49
8.5 Alternative Structure..................................... 50
8.6 Interpretation............................................ 50
8.7 Counterparts.............................................. 50
8.8 Governing Law............................................. 50
Appendix A Form of Shareholder Agreement
Appendix B Form of Depositor Agreement
Appendix C Articles of Incorporation of KNBT Bancorp, Inc.
Appendix D Bylaws of KNBT Bancorp, Inc.
Appendix E Form of Employment Agreement with Scott V. Fainor
Appendix F Form of Employment Agreement with Eugene T. Sobol
Appendix G Form of Accession to Agreement
Appendix H Form of Affiliate's Letter
iii
{PAGE}
AGREEMENT AND PLAN OF MERGER
Agreement and Plan of Merger (the "Agreement"), dated as of March 5,
2003, between Keystone Savings Bank ("Keystone"), a Pennsylvania-chartered
mutual savings bank, and First Colonial Group, Inc. (the "Company"), a
Pennsylvania corporation.
W I T N E S S E T H:
WHEREAS, the Boards of Directors of Keystone and the Company have
determined to consummate the business combination transactions provided for
herein, subject to the terms and conditions set forth herein;
WHEREAS, the parties desire to provide for certain undertakings,
conditions, representations, warranties and covenants in connection with the
transactions contemplated hereby;
WHEREAS, as an inducement to Keystone to enter into this Agreement and
simultaneously with the execution of this Agreement, each director of the
Company and the Bank is entering into an agreement (the "Shareholder
Agreement"), in the form of Appendix A hereto pursuant to which they have
agreed, among other things, to vote their shares of Company Common Stock in
favor of this Agreement; and
WHEREAS, as an inducement to the Company to enter into this Agreement
and simultaneously with the execution of this Agreement, each Trustee of
Keystone is entering into an agreement (the "Depositor Agreement"), in the form
of Appendix B hereto, pursuant to which they have agreed to vote, to the extent
they are depositors of Keystone eligible to vote on the Plan of Conversion, in
favor of the Plan of Conversion.
NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements herein contained, the parties hereto do hereby agree as
follows:
ARTICLE I
DEFINITIONS
The following terms shall have the meanings ascribed to them for all
purposes of this Agreement.
"Acquisition Proposal" means any proposal or offer with respect to any
of the following (other than the transactions contemplated hereunder) involving
the Company or any of its Subsidiaries: (i) any merger, consolidation, share
exchange, business combination or other similar transaction; (ii) any sale,
lease, exchange, mortgage, pledge, transfer or other disposition of 20% or more
of its consolidated assets in a single transaction or series of transactions;
(iii) any tender offer or exchange offer for 20% or more of the outstanding
shares of its capital stock or the filing of a registration statement under the
Securities Act in connection therewith; or (iv) any public announcement of a
proposal, plan or intention to do any of the foregoing or any agreement to
engage in any of the foregoing.
"Acquisition Transaction" means any of the following (other than the
transaction contemplated hereunder) involving the Company or any of its
Subsidiaries: (i) any merger, consolidation, share exchange, business
combination or other similar transaction; (ii) any sale, lease, exchange,
mortgage, pledge, transfer or other disposition of 20% or more of its
128452
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Fainor
President and Chief Executive Officer
Fax: (610) 746-7300
With a required copy to:
Blank Rome LLP
One Logan Square
Philadelphia, Pennsylvania 19103
Attn: Lawrence J. Wiseman, Esq.
Fax: (215)
dt 29621
;
 KNBT Bancorp
As referenced in this Agreement and Plan of Merger:
KNBT Bancorp, Inc. – 6 Interpretation............................................ 50
8.7 Counterparts.............................................. 50
8.8 Governing Law............................................. 50
Appendix A Form of Shareholder Agreement
Appendix B Form of Depositor Agreement
Appendix C Articles of Incorporation of KNBT Bancorp, Inc.
Appendix D Bylaws of KNBT Bancorp, Inc.
Appendix E Form of Employment Agreement with Scott V. Fainor
Appendix F Form of Employment Agreement with Eugene T. Sobol
Appendix G
_____________
KNBT Bancorp, Inc. – 8.8 Governing Law............................................. 50
Appendix A Form of Shareholder Agreement
Appendix B Form of Depositor Agreement
Appendix C Articles of Incorporation of KNBT Bancorp, Inc.
Appendix D Bylaws of KNBT Bancorp, Inc.
Appendix E Form of Employment Agreement with Scott V. Fainor
Appendix F Form of Employment Agreement with Eugene T. Sobol
Appendix G Form of Accession to Agreement
Appendix H
_____________
KNBT Bancorp, Inc. – and the Conversion, as amended and supplemented.
"Governmental Entity" shall mean any federal or state court,
administrative agency or commission or other governmental authority or
instrumentality.
"Holding Company" shall mean KNBT Bancorp, Inc. , a business corporation
which shall be organized by Keystone under the BCL for the purposes of becoming
the holding company of Keystone upon consummation of the Conversion and
acquiring
_____________
"KNBT Bancorp, Inc. – sometimes called the "Surviving Corporation")
of the Merger, and shall continue its corporate existence under the laws of the
Commonwealth of Pennsylvania. The name of the Surviving Corporation shall be
"KNBT Bancorp, Inc. " as stated in the Articles of Incorporation of the Holding
Company immediately prior to the Effective Time. Upon consummation of the
Merger, the separate corporate existence of the Company
_____________
dt 1449483
;
| Keystone Savings Bank;
First Colonial Group, Inc.
|
Preview
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| 2003 |
Agreement and Plan of Merger
Agreement and Plan of Merger (127K)
Doc #171544: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
AMONG
NCO GROUP, INC.,
NCPM ACQUISITION CORPORATION
AND
NCO PORTFOLIO MANAGEMENT, INC.
Dated as of December 12, 2003
================================================================================
{PAGE}
AGREEMENT AND PLAN OF MERGER
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
{S} {C}
ARTICLE I THE MERGER....................................................................................1
1.1. The Merger.............................................................................1
1.2. Certificate of Incorporation...........................................................1
1.3. By-Laws................................................................................1
1.4. Directors and Officers.................................................................2
1.5. Effective Time.........................................................................2
ARTICLE II CONVERSION OF SHARES.........................................................................2
2.1. Company Common Stock...................................................................2
2.2. Fractional Interests...................................................................3
2.3. Anti-Dilution Provisions...............................................................3
2.4. Purchaser Common Stock.................................................................3
2.5. Exchange of Shares.....................................................................3
2.6. Employee Stock Options.................................................................5
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY...............................................5
3.1. Organization...........................................................................5
3.2. Capitalization.........................................................................6
3.3. Authorization of this Agreement........................................................6
3.4. Consents and Approvals; No Violation...................................................6
3.5. Information in Proxy Statement/Prospectus, Registration Statement......................7
3.6. Opinion of Financial Advisor...........................................................7
3.7. Finders and Brokers....................................................................7
3.8. Disclosure.............................................................................7
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PARENT AND THE PURCHASER...............................8
4.1. Organization...........................................................................8
{/TABLE}
i
{PAGE}
{TABLE}
{CAPTION}
Page
{S} {C}
4.2. Capitalization.........................................................................8
4.3. Authorization of this Agreement........................................................8
4.4. Consents and Approvals; No Violation...................................................9
4.5. Financial Statements and Reports.......................................................9
4.6. Absence of Material Adverse Change....................................................10
4.7. Information in Proxy Statement/Prospectus, Registration Statement.....................10
4.8. Undisclosed Liabilities...............................................................10
4.9. Taxes.................................................................................11
4.10. Litigation............................................................................11
4.11. Compliance with Laws..................................................................11
4.12. Finders and Investment Bankers........................................................11
4.13. Disclosure............................................................................11
ARTICLE V CONDUCT OF BUSINESS PENDING THE MERGER.......................................................12
5.1. Conduct of the Business of the Company................................................12
5.2. Conduct of the Business of Parent and the Purchaser...................................12
5.3. SEC Filings...........................................................................13
5.4. Control of Company's Business.........................................................13
ARTICLE VI ADDITIONAL AGREEMENTS.......................................................................13
6.1. Proxy Statement/Prospectus; S-4 Registration Statement................................13
6.2. Access to Information.................................................................14
6.3. Consents..............................................................................14
6.4. Board Actions; Company Stockholder Meeting............................................15
6.5. Commercially Reasonable Efforts.......................................................15
6.6. Public Announcements..................................................................16
6.7. Consent of the Purchaser and the Parent...............................................16
6.8. No Solicitation.......................................................................16
6.9. Indemnification.......................................................................18
6.10. Employee Benefits and Communication...................................................19
6.11. Tax Covenants.........................................................................20
6.12. Section 16b-3.........................................................................20
6.13. Rule 145..............................................................................20
{/TABLE}
ii
{PAGE}
{TABLE}
{CAPTION}
Page
{S} {C}
6.14. Board Actions; Parent Shareholder Meeting.............................................20
ARTICLE VII CLOSING CONDITIONS.........................................................................21
7.1. Conditions to the Obligations of the Parent, the Purchaser and the Company............21
7.2. Conditions to the Obligations of the Parent and the Purchaser.........................21
7.3. Conditions to the Obligations of the Company..........................................23
ARTICLE VIII CLOSING...................................................................................24
8.1. Time and Place........................................................................24
8.2. Filings at the Closing................................................................24
ARTICLE IX TERMINATION AND ABANDONMENT.................................................................25
9.1. Termination...........................................................................25
9.2. Procedure and Effect of Termination...................................................26
ARTICLE X MISCELLANEOUS................................................................................26
10.1. Amendment and Modification............................................................26
10.2. Waiver of Compliance; Consents........................................................27
10.3. Survival of Warranties................................................................27
10.4. Notices...............................................................................27
10.5. Assignment; Parties in Interest.......................................................28
10.6. Expenses..............................................................................28
10.7. Specific Performance..................................................................29
10.8. Governing Law.........................................................................29
10.9. Counterparts..........................................................................29
10.10. Interpretation........................................................................29
10.11. Entire Agreement......................................................................29
10.12. Severability..........................................................................29
10.13. Jurisdiction and Process..............................................................29
10.14. Interpretation of Representations.....................................................29
10.15. Reliance by Parent and Purchaser......................................................30
10.16. Tax Disclosure........................................................................30
{/TABLE}
iii
{PAGE}
{TABLE}
{CAPTION}
Page
{S} {C}
ANNEX I: Defined Terms
ANNEX III: Form of Parent Tax Certificate
ANNEX IV: Form of Company Tax Certificate
ANNEX V: Form of Tax Opinion from Parent's Counsel
ANNEX VI: Form of Tax Opinion from Company's Counsel
{/TABLE}
iv
{PAGE}
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated as of December 12, 2003,
among NCO Group, Inc., a Pennsylvania corporation (the "Parent"), NCPM
Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of
the Parent (the "Purchaser"), and NCO Portfolio Management, Inc., a Delaware
corporation (the "Company").
WHEREAS, the Boards of Directors of the Parent, the Purchaser
and the Company have approved the merger of the Company with and into the
Purchaser (the "Merger"), upon the terms and subject to the conditions set forth
herein; and
WHEREAS, this Agreement is intended to be and is adopted as a
plan of reorganization within the meaning of Section 368(a) of the Internal
Revenue Code of 1986, as amended (the "Code"), and the regulations promulgated
thereby.
NOW, THEREFORE, in consideration of the representations,
warranties and agreements herein contained, the parties hereto agree as follows:
ARTICLE I
THE MERGER
1.1. The Merger. (a) Upon the terms and subject to the satisfaction or
waiver, if permissible, of the conditions set forth in Article VII hereof, and
in accordance with the provisions of this Agreement and the Delaware General
Corporation Law (the "DGCL"), the parties hereto shall cause the Company to be
merged with and into the Purchaser, and the Purchaser shall be the surviving
corporation (hereinafter sometimes called the "Surviving Corporation") and shall
continue its corporate existence under the laws of the State of Delaware. At the
Effective Time, the separate existence of the Company shall cease.
(b) The Surviving Corporation, by virtue of the Merger, shall change
its name to that of the Purchaser and shall possess all the property, rights,
privileges, immunities, powers and franchises of the Purchaser and the Company
and shall by operation of law become liable for all the debts, liabilities and
duties of the Company and the Purchaser.
1.2. Certificate of Incorporation. Subject to Section 6.9(a) hereof,
the Certificate of Incorporation of the Purchaser in effect immediately prior to
the Effective Time shall be the Certificate of Incorporation of the Surviving
Corporation, except that the name of the Surviving Corporation shall be changed
to NCO Portfolio Management, Inc., until thereafter amended in accordance with
provisions thereof and as provided by law.
1
{PAGE}
1.3. By-Laws. Subject to Section 6.9(a) hereof, the By-Laws of the
Purchaser in effect immediately prior to the Effective Time shall be the By-Laws
of the Surviving Corporation, except that the name of the Surviving Corporation
shall be changed to NCO Portfolio Management, Inc., until thereafter amended,
altered or repealed as provided therein and by law.
1.4. Directors and Officers. The directors of the Purchaser immediately
prior to the Effective Time shall be the directors, of the Surviving Corporation
after the Effective Time, each to hold office in accordance with the Certificate
of Incorporation and By-Laws of the Surviving Corporation. The officers of the
Company immediately prior to the Effective Time shall be the officers of the
Surviving Corporation after the Effective Time, each to hold office in
accordance with the Certificate of Incorporation and By-Laws of the Surviving
Corporation.
1.5. Effective Time. The Merger shall become effective at the time when
a properly executed certificate of merger (the "Certificate of Merger"),
together with any other documents required by law to effectuate the Merger,
shall be filed and recorded with the Secretary of State of the State of Delaware
in accordance with Sections 103 and 251 of the DGCL. The Certificate of Merger
shall be filed in accordance with Section 103 of the DGCL as soon as practicable
after the Closing. The date and time when the Merger shall become effective is
herein referred to as the "Effective Time."
ARTICLE II
CONVERSION OF SHARES
2.1. Company Common Stock. (a) Each share (a "Share") of common stock,
par value $0.01 per share (the "Common Stock"), of the Company issued and
outstanding immediately prior to the Effective Time (except for Shares then
owned beneficially or of record by the Company, the Parent, the Purchaser or any
of the other Parent Subsidiaries or the Company Subsidiaries), shall, by virtue
of the Merger and without any action on the part of the holder thereof, be
converted into the right to receive that number of fully paid and non-assessable
shares of the common stock, no par value per share, of the Parent ("Parent
Common Stock"), as follows (hereinafter the "Exchange Ratio"): (i) except as
provided in clause (ii), the Exchange Ratio shall be 0.36187; and (ii) if the
Parent Common Stock Value is less than $21.50, Parent may elect, at its sole
option, to adjust the Exchange Ratio to an amount equal to $7.78021 divided by
the Parent Common Stock Value, rounded to five decimal places (together with any
cash in lieu of such fractional shares of Parent Common Stock to be paid
pursuant to Section 2.2, the "Merger Consideration").
(b) Each Share issued and outstanding immediately prior to the
Effective Time which is then owned beneficially or of record by the Company, the
Parent, the Purchaser or any of the other Parent Subsidiaries or the Company
Subsidiaries, shall, by virtue of the Merger and without any action on the part
of the holder thereof, be canceled and retired and cease to exist, without any
conversion thereof.
171544
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Code and to cause
its respective officers to furnish such customary and appropriate
representations to Blank Rome LLP ("Parent's Counsel") and Winston & Strawn LLP
("Company's Counsel") as may be
Blank Rome – Place. The closing of the Merger (the "Closing") shall
take place at the offices of Blank Rome LLP, One Logan Square, Philadelphia,
Pennsylvania, as soon as practicable following satisfaction or waiver,
Blank Rome – Horsham, PA 19044
Email: josh.gindin@ncogroup.com
Fax: 215-441-3929
Attention: Joshua Gindin
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Email: dehel@blankrome.com
Fax: 215-832-
dt 29644
;
NCO Group
As referenced in this Agreement and Plan of Merger:
NCO GROUP, INC – EX-2
{SEQUENCE}3
{FILENAME}ex2-1.txt
{DESCRIPTION}EX2-1.TXT
{TEXT}
{PAGE}
Exhibit 2.1
================================================================================
AGREEMENT AND PLAN OF MERGER
AMONG
NCO GROUP, INC .,
NCPM ACQUISITION CORPORATION
AND
NCO PORTFOLIO MANAGEMENT, INC.
Dated as of December 12, 2003
================================================================================
{PAGE}
AGREEMENT AND PLAN OF MERGER
TABLE OF
_____________
NCO Group, Inc – Company's Counsel
{/TABLE}
iv
{PAGE}
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated as of December 12, 2003,
among NCO Group, Inc ., a Pennsylvania corporation (the "Parent"), NCPM
Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of
the Parent (the "Purchaser"), and
_____________
NCO Group, Inc – that notices of a change of address
shall be effective only upon receipt thereof):
(a) if to the Parent or the Purchaser, to
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Email: paul.weitzel@ncogroup.com
Fax: 215-441-3908
Attention: Paul E. Weitzel, Jr.
with copies
_____________
NCO Group, Inc – 507 Prudential Road
Horsham, PA 19044
Email: paul.weitzel@ncogroup.com
Fax: 215-441-3908
Attention: Paul E. Weitzel, Jr.
with copies to
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Email: josh.gindin@ncogroup.com
Fax: 215-441-3929
Attention: Joshua Gindin
Blank Rome LLP
One
_____________
NCO GROUP, INC – the Company
have caused this Agreement to be signed by their respective duly authorized
officers as of the date first above written.
PARENT: NCO GROUP, INC .
By: /s/ Paul E. Weitzel, Jr.
------------------------------------
Name: Paul E. Weitzel, Jr.
Title: EVP
PURCHASER: NCPM ACQUISITION CORPORATION
By: /s/ Paul E. Weitzel,
_____________
dt 269733
;
Deutsche Bank
As referenced in this Agreement and Plan of Merger:
Deutsche Bank
Securities, Inc – applicable to them or
any of their properties or their operations which are reasonably likely to have
a Parent Material Adverse Effect.
4.12. Finders and Investment Bankers. Except for Deutsche Bank
Securities, Inc ., no agent, investment banker, broker, finder, intermediary, or
other Person acting on behalf of the Parent or any of the Parent Subsidiaries is
or shall be entitled to any
_____________
dt 1375980
;
|
JMP Securities
As referenced in this Agreement and Plan of Merger:
JMP Securities LLC – in the Proxy Statement/Prospectus.
3.6. Opinion of Financial Advisor. The Board of Directors of the
Company has received an opinion of JMP Securities LLC dated as of the date
hereof, that the Exchange Ratio is fair, from a financial point of view, to the
holders of
_____________
JMP Securities LLC – point of view, to the
holders of the Shares, other than the Parent.
3.7. Finders and Brokers. Except for fees payable to JMP Securities LLC
for services as are set forth in the engagement letter previously provided to
Parent, no agent, investment banker, broker, finder, intermediary or
_____________
JMP Securities
LLC – respect
of which fees, commissions or other amounts may become payable to, and all
indemnification and other contracts related to the engagement of, JMP Securities
LLC .
3.8. Disclosure. No representation or warranty by the Company in this
Agreement contains or will contain any untrue statement of a
_____________
dt 197204
;
Winston & Strawn
As referenced in this Agreement and Plan of Merger:
Winston & Strawn – to furnish such customary and appropriate
representations to Blank Rome LLP ("Parent's Counsel") and Winston & Strawn LLP
("Company's Counsel") as may be reasonably requested to enable such counsel to
deliver
Winston & Strawn – palmer@ncogroup.com
Fax: 410-594-9620
Attention: Richard F. Palmer
with a copy to
Winston & Strawn LLP
200 Park Avenue
New York, New York 10166-4193
Email: dkroenlein@winston.com
Fax:
dt 32291
;
More... |
Preview
Full Doc
| 2003 |
Agreement and Plan of Merger
Agreement and Plan of Merger (127K)
Doc #171568: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated as of December 12, 2003,
among NCO Group, Inc., a Pennsylvania corporation (the "Parent"), NCPM
Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of
the Parent (the "Purchaser"), and NCO Portfolio Management, Inc., a Delaware
corporation (the "Company").
WHEREAS, the Boards of Directors of the Parent, the Purchaser
and the Company have approved the merger of the Company with and into the
Purchaser (the "Merger"), upon the terms and subject to the conditions set forth
herein; and
WHEREAS, this Agreement is intended to be and is adopted as a
plan of reorganization within the meaning of Section 368(a) of the Internal
Revenue Code of 1986, as amended (the "Code"), and the regulations promulgated
thereby.
NOW, THEREFORE, in consideration of the representations,
warranties and agreements herein contained, the parties hereto agree as follows:
ARTICLE I
THE MERGER
1.1. The Merger. (a) Upon the terms and subject to the satisfaction or
waiver, if permissible, of the conditions set forth in Article VII hereof, and
in accordance with the provisions of this Agreement and the Delaware General
Corporation Law (the "DGCL"), the parties hereto shall cause the Company to be
merged with and into the Purchaser, and the Purchaser shall be the surviving
corporation (hereinafter sometimes called the "Surviving Corporation") and shall
continue its corporate existence under the laws of the State of Delaware. At the
Effective Time, the separate existence of the Company shall cease.
(b) The Surviving Corporation, by virtue of the Merger, shall change
its name to that of the Purchaser and shall possess all the property, rights,
privileges, immunities, powers and franchises of the Purchaser and the Company
and shall by operation of law become liable for all the debts, liabilities and
duties of the Company and the Purchaser.
1.2. Certificate of Incorporation. Subject to Section 6.9(a) hereof,
the Certificate of Incorporation of the Purchaser in effect immediately prior to
the Effective Time shall be the Certificate of Incorporation of the Surviving
Corporation, except that the name of the Surviving Corporation shall be changed
to NCO Portfolio Management, Inc., until thereafter amended in accordance with
provisions thereof and as provided by law.
1
{PAGE}
1.3. By-Laws. Subject to Section 6.9(a) hereof, the By-Laws of the
Purchaser in effect immediately prior to the Effective Time shall be the By-Laws
of the Surviving Corporation, except that the name of the Surviving Corporation
shall be changed to NCO Portfolio Management, Inc., until thereafter amended,
altered or repealed as provided therein and by law.
1.4. Directors and Officers. The directors of the Purchaser immediately
prior to the Effective Time shall be the directors, of the Surviving Corporation
after the Effective Time, each to hold office in accordance with the Certificate
of Incorporation and By-Laws of the Surviving Corporation. The officers of the
Company immediately prior to the Effective Time shall be the officers of the
Surviving Corporation after the Effective Time, each to hold office in
accordance with the Certificate of Incorporation and By-Laws of the Surviving
Corporation.
1.5. Effective Time. The Merger shall become effective at the time when
a properly executed certificate of merger (the "Certificate of Merger"),
together with any other documents required by law to effectuate the Merger,
shall be filed and recorded with the Secretary of State of the State of Delaware
in accordance with Sections 103 and 251 of the DGCL. The Certificate of Merger
shall be filed in accordance with Section 103 of the DGCL as soon as practicable
after the Closing. The date and time when the Merger shall become effective is
herein referred to as the "Effective Time."
ARTICLE II
CONVERSION OF SHARES
2.1. Company Common Stock. (a) Each share (a "Share") of common stock,
par value $0.01 per share (the "Common Stock"), of the Company issued and
outstanding immediately prior to the Effective Time (except for Shares then
owned beneficially or of record by the Company, the Parent, the Purchaser or any
of the other Parent Subsidiaries or the Company Subsidiaries), shall, by virtue
of the Merger and without any action on the part of the holder thereof, be
converted into the right to receive that number of fully paid and non-assessable
shares of the common stock, no par value per share, of the Parent ("Parent
Common Stock"), as follows (hereinafter the "Exchange Ratio"): (i) except as
provided in clause (ii), the Exchange Ratio shall be 0.36187; and (ii) if the
Parent Common Stock Value is less than $21.50, Parent may elect, at its sole
option, to adjust the Exchange Ratio to an amount equal to $7.78021 divided by
the Parent Common Stock Value, rounded to five decimal places (together with any
cash in lieu of such fractional shares of Parent Common Stock to be paid
pursuant to Section 2.2, the "Merger Consideration").
(b) Each Share issued and outstanding immediately prior to the
Effective Time which is then owned beneficially or of record by the Company, the
Parent, the Purchaser or any of the other Parent Subsidiaries or the Company
Subsidiaries, shall, by virtue of the Merger and without any action on the part
of the holder thereof, be canceled and retired and cease to exist, without any
conversion thereof.
171568
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Code and to cause
its respective officers to furnish such customary and appropriate
representations to Blank Rome LLP ("Parent's Counsel") and Winston & Strawn LLP
("Company's Counsel") as may be
Blank Rome – Place. The closing of the Merger (the "Closing") shall
take place at the offices of Blank Rome LLP, One Logan Square, Philadelphia,
Pennsylvania, as soon as practicable following satisfaction or waiver,
Blank Rome – Horsham, PA 19044
Email: josh.gindin@ncogroup.com
Fax: 215-441-3929
Attention: Joshua Gindin
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Email: dehel@blankrome.com
Fax: 215-832-
dt 29645
;
NCO Group
As referenced in this Agreement and Plan of Merger:
NCO Group, Inc – TXT
{TEXT}
{PAGE}
Exhibit 2.1
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated as of December 12, 2003,
among NCO Group, Inc ., a Pennsylvania corporation (the "Parent"), NCPM
Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of
the Parent (the "Purchaser"), and
_____________
NCO Group, Inc – that notices of a change of address
shall be effective only upon receipt thereof):
(a) if to the Parent or the Purchaser, to
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Email: paul.weitzel@ncogroup.com
Fax: 215-441-3908
Attention: Paul E. Weitzel, Jr.
with copies
_____________
NCO Group, Inc – 507 Prudential Road
Horsham, PA 19044
Email: paul.weitzel@ncogroup.com
Fax: 215-441-3908
Attention: Paul E. Weitzel, Jr.
with copies to
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Email: josh.gindin@ncogroup.com
Fax: 215-441-3929
Attention: Joshua Gindin
Blank Rome LLP
One
_____________
NCO GROUP, INC – the Company
have caused this Agreement to be signed by their respective duly authorized
officers as of the date first above written.
PARENT: NCO GROUP, INC .
By:
------------------------------------
Name:
------------------------------------
Title:
------------------------------------
PURCHASER: NCPM ACQUISITION CORPORATION
By:
------------------------------------
Name:
------------------------------------
Title:
------------------------------------
THE COMPANY NCO PORTFOLIO MANAGEMENT, INC.
By:
------------------------------------
Name:
------------------------------------
Title:
------------------------------------
31
{PAGE}
ANNEX
_____________
NCO GROUP, INC – from Parent's Counsel
ANNEX VI: Form of Tax Opinion from Company's Counsel
{/TABLE}
iv
{PAGE}
================================================================================
AGREEMENT AND PLAN OF MERGER
AMONG
NCO GROUP, INC .,
NCPM ACQUISITION CORPORATION
AND
NCO PORTFOLIO MANAGEMENT, INC.
Dated as of December 12, 2003
================================================================================
{/TEXT}
{/DOCUMENT}
_____________
dt 269734
;
Deutsche Bank
As referenced in this Agreement and Plan of Merger:
Deutsche Bank
Securities, Inc – applicable to them or
any of their properties or their operations which are reasonably likely to have
a Parent Material Adverse Effect.
4.12. Finders and Investment Bankers. Except for Deutsche Bank
Securities, Inc ., no agent, investment banker, broker, finder, intermediary, or
other Person acting on behalf of the Parent or any of the Parent Subsidiaries is
or shall be entitled to any
_____________
dt 1375981
;
|
JMP Securities
As referenced in this Agreement and Plan of Merger:
JMP Securities LLC – in the Proxy Statement/Prospectus.
3.6. Opinion of Financial Advisor. The Board of Directors of the
Company has received an opinion of JMP Securities LLC dated as of the date
hereof, that the Exchange Ratio is fair, from a financial point of view, to the
holders of
_____________
JMP Securities LLC – point of view, to the
holders of the Shares, other than the Parent.
3.7. Finders and Brokers. Except for fees payable to JMP Securities LLC
for services as are set forth in the engagement letter previously provided to
Parent, no agent, investment banker, broker, finder, intermediary or
_____________
JMP Securities
LLC – respect
of which fees, commissions or other amounts may become payable to, and all
indemnification and other contracts related to the engagement of, JMP Securities
LLC .
3.8. Disclosure. No representation or warranty by the Company in this
Agreement contains or will contain any untrue statement of a
_____________
dt 197205
;
Winston & Strawn
As referenced in this Agreement and Plan of Merger:
Winston & Strawn – to furnish such customary and appropriate
representations to Blank Rome LLP ("Parent's Counsel") and Winston & Strawn LLP
("Company's Counsel") as may be reasonably requested to enable such counsel to
deliver
Winston & Strawn – palmer@ncogroup.com
Fax: 410-594-9620
Attention: Richard F. Palmer
with a copy to
Winston & Strawn LLP
200 Park Avenue
New York, New York 10166-4193
Email: dkroenlein@winston.com
Fax:
dt 32292
;
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| 2001 |
Agreement and Plan of Merger
Agreement and Plan of Merger (257K)
Doc #293654: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
NATIONWIDE FINANCIAL SERVICES, INC.
EAGLE ACQUISITION CORPORATION
AND
PROVIDENT MUTUAL LIFE INSURANCE COMPANY
DATED AS OF AUGUST 7, 2001
{PAGE}
Table of Contents
Page
AGREEMENT AND PLAN OF MERGER...................................................1
ARTICLE I THE MERGER..................................................2
Section 1.1 The Merger.................................................2
Section 1.2 Closing....................................................2
Section 1.3 Effective Time of the Merger...............................2
Section 1.4 Directors and Officers of the Surviving Corporation........2
ARTICLE II DEMUTUALIZATION; MEMBER APPROVAL............................3
Section 2.1 Plan of Conversion.........................................3
Section 2.2 No-Action Letter; Information Statement;
Registration Statement....................................4
Section 2.3 Special Meeting of Members.................................5
Section 2.4 Sponsor Information Statement..............................5
Section 2.5 No False or Misleading Statements..........................6
ARTICLE III CONVERSION AND EXCHANGE OF SECURITIES.......................7
Section 3.1 Aggregate Consideration....................................7
Section 3.2 Conversion of Membership Interests.........................9
Section 3.3 Approval and Adoption of the Plan of Merger...............10
Section 3.4 Exchange of Company Shares for Merger Consideration.......10
Section 3.5 Election Procedure........................................10
Section 3.6 Funding of and Limitations on Policy Credits and Cash.....11
Section 3.7 Payment of Merger Consideration; Conversion Agent.........12
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SPONSOR AND MERGER SUB...13
Section 4.1 Organization..............................................14
Section 4.2 Capitalization............................................14
Section 4.3 Merger Sub and Sponsor Subsidiaries.......................15
Section 4.4 Authority Relative to this Agreement......................16
Section 4.5 Consents and Approvals; No Violations.....................16
Section 4.6 Sponsor Financial Statements..............................18
Section 4.7 Statutory Financial Statements............................19
Section 4.8 Absence of Certain Changes................................19
Section 4.9 SEC Filings...............................................20
Section 4.10 Litigation................................................20
Section 4.11 Absence of Undisclosed Liabilities........................20
Section 4.12 Taxes.....................................................20
Section 4.13 Title to Property.........................................21
Section 4.14 Insurance Practices; Permit and Insurance Licenses........22
Section 4.15 Regulatory Filings........................................22
Section 4.16 Post-Merger Integration...................................22
Section 4.17 Information in Information Statement, Registration
Statement and Sponsor Information Statement.............23
Section 4.18 Brokers...................................................23
Section 4.19 Employee Benefit Plans; ERISA.............................23
Section 4.20 Rating....................................................24
Section 4.21 Financing.................................................24
Section 4.22 Voting Agreement; Nationwide Mutual Consent...............24
Section 4.23 Investigation by Sponsor..................................25
ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE COMPANY..............25
Section 5.1 Organization..............................................25
Section 5.2 Company Subsidiaries; Licensing...........................25
Section 5.3 Authority Relative to this Agreement and the
Plan of Conversion......................................27
Section 5.4 Consents and Approvals; No Violations.....................28
Section 5.5 Company Financial Statements..............................29
Section 5.6 Statutory Financial Statements............................30
Section 5.7 Absence of Certain Changes................................30
Section 5.8 Litigation................................................31
Section 5.9 Absence of Undisclosed Liabilities........................31
Section 5.10 Taxes.....................................................31
Section 5.11 Title to Property.........................................32
Section 5.12 Insurance Practices; Permits and Insurance Licenses.......32
Section 5.13 Ratings...................................................34
Section 5.14 Regulatory Filings........................................34
Section 5.15 Investments...............................................34
Section 5.16 Reserves..................................................35
Section 5.17 Information in Information Statement and
Registration Statement..................................35
Section 5.18 Brokers...................................................36
Section 5.19 Employee Benefit Plans; ERISA.............................36
Section 5.20 Labor Relations; Employees................................38
Section 5.21 Intellectual Property Rights..............................39
Section 5.22 Takeover Statute..........................................39
Section 5.23 Opinion of Financial Advisor..............................40
Section 5.24 Contracts.................................................40
Section 5.25 Environmental Laws and Regulations........................41
Section 5.26 Insurance Coverage........................................42
Section 5.27 Clients...................................................42
Section 5.28 Client Contracts..........................................42
Section 5.29 Registered Fund Clients...................................42
Section 5.30 Regulatory Compliance.....................................42
Section 5.31 Compliance with Privacy Laws and Policies.................43
Section 5.32 Investigation by the Company..............................43
ARTICLE VI CONDUCT OF BUSINESS PENDING THE MERGER.....................43
Section 6.1 Conduct of Business by the Company Pending the Merger.....43
Section 6.2 Conduct of Business by Sponsor Pending the Merger.........47
ARTICLE VII ADDITIONAL AGREEMENTS......................................48
Section 7.1 Access and Information....................................48
Section 7.2 Acquisition Proposals.....................................49
293654
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Ohio 43215
Telecopy: (614) 249-7254
Telephone: (614) 249-7683
Attention: Roger Craig
Associate Vice President - Associate General Counsel
With a copy to:
Blank Rome Comisky & McCauley LLP
One Logan Square
Philadelphia, PA 19103
Telecopy: (215) 569-5555
Telephone: (215) 569-5514
Attention: Barry H. Genkin
and
_____________
dt 235983
;
AFLAC
As referenced in this Agreement and Plan of Merger:
AFLAC Inc – under any written or oral
contract, agreement, instrument, obligation, offer, commitment, arrangement
or understanding.
IRS: Internal Revenue Service.
Index Group: Allmerica Financial Corporation; AFLAC Inc .; Jefferson
Pilot Corporation; John Hancock Financial Services, Inc.; Lincoln National
Corporation; MetLife Inc.; Protective Life Corporation; and T. Rowe Price
Associates, the
_____________
dt 257619
;
McGraw-Hill Companies
As referenced in this Agreement and Plan of Merger:
McGraw-Hill Companies, Inc – rated of the highest quality by Moody's Investor
Services, Inc. ("Moody's") or Standard & Poor's Ratings Group, a division of The
McGraw-Hill Companies, Inc . ("S&P"), and certificates of deposit issued by a
commercial bank whose long-term debt obligations are rated at least A2 by
_____________
dt 311859
;
|
MetLife
As referenced in this Agreement and Plan of Merger:
MetLife Inc – understanding.
IRS: Internal Revenue Service.
Index Group: Allmerica Financial Corporation; AFLAC Inc.; Jefferson
Pilot Corporation; John Hancock Financial Services, Inc.; Lincoln National
Corporation; MetLife Inc .; Protective Life Corporation; and T. Rowe Price
Associates, the common stock of all of which shall be publicly traded and
as to
_____________
dt 249494
;
NFS
As referenced in this Agreement and Plan of Merger:
NATIONWIDE FINANCIAL SERVICES, INC – TYPE}EX-2
{SEQUENCE}3
{FILENAME}ex21.txt
{DESCRIPTION}MERGER AGREEMENT
{TEXT}
EXHIBIT 2.1
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
NATIONWIDE FINANCIAL SERVICES, INC .
EAGLE ACQUISITION CORPORATION
AND
PROVIDENT MUTUAL LIFE INSURANCE COMPANY
DATED AS OF AUGUST 7, 2001
{PAGE}
Table of Contents
Page
AGREEMENT AND
_____________
NATIONWIDE FINANCIAL SERVICES, INC – Conversion Term Sheet
{PAGE}
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated as of August 7, 2001, by and among
NATIONWIDE FINANCIAL SERVICES, INC ., a Delaware corporation ("Sponsor"), EAGLE
ACQUISITION CORPORATION, a Pennsylvania corporation and a wholly-owned
subsidiary of Sponsor ("Merger Sub"), and PROVIDENT MUTUAL
_____________
Nationwide Financial Services, Inc – addresses (or such other address for a party as shall be
specified by like notice):
(a) If to Sponsor or Merger Sub, to:
Nationwide Financial Services, Inc .
One Nationwide Plaza
Columbus, Ohio 43215
Telecopy: (614) 249-7254
Telephone: (614) 249-7683
Attention: Roger Craig
Associate Vice President - Associate General
_____________
NATIONWIDE FINANCIAL SERVICES, INC – WHEREOF, each of Sponsor, Merger Sub, and the Company has caused
this Agreement to be executed as of the date first above written.
NATIONWIDE FINANCIAL SERVICES, INC .
By: /s/ Robert A. Oakley
Name: Robert A. Oakley
Title: Executive V.P. - CFO
EAGLE ACQUISITION CORPORATION
By: /s/ David A. Jacoby
_____________
Nationwide Financial Services, Inc – Kloss
Title: Chief Executive Officer
{PAGE}
EXHIBIT A
CONSENT
In accordance with the requirements of Section 3.1 of the Intercompany
Agreement among Nationwide Financial Services, Inc . ("NFS"), Nationwide Mutual
Insurance Company ("Nationwide") and Nationwide Corporation, dated as of March
10, 1997, Nationwide hereby consents to the execution and
_____________
dt 252540
;
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| 2005 |
Agreement and Plan of Reorganization
Agreement and Plan of Reorganization (188K)
Doc #971021: Click preview link for longer preview.
Exhibit 2.1
AGREEMENT
AND PLAN OF REORGANIZATION
among
STARK BANK GROUP, LTD.,
SBG
II, LTD.,
and
PELICAN FINANCIAL, INC.
Dated as of November 30,
2005
Table
of Contents
ARTICLE I. DEFINITIONS AND
INTERPRETATION
1
1.1.
Definitions
1
1.2.
Terms Defined Elsewhere
5
1.3.
Interpretation
5
. . .
971021
|
Blank Rome
As referenced in this Agreement and Plan of Reorganization:
Blank
Rome – Kendall Brown
50
And
(b)
If to PFI, to:
Pelican Financial, Inc.
3767 Ranchero Drive
Ann Arbor, MI 48108
Attention: Charles C. Huffman,
Chief
Executive Officer
with
a copy to:
Blank
Rome LLP
Watergate, 600 New Hampshire Avenue, NW
Washington, DC 20037
Attention: Edward L. Lublin,
Esquire
10.5. Counterparts. This Agreement may
_____________
dt 1470172
;
Fannie Mae
As referenced in this Agreement and Plan of Reorganization:
Fannie Mae – Procedures Act and Regulation X, the Fair Credit Reporting
Act, the Fair Debt Collection Practices Act, the Office of Foreign Asset
Control rules and regulations and all HUD, Ginnie Mae, Fannie Mae , Freddie
Mac, other investor and mortgage insurance company requirements relating to the
origination, sale and servicing of mortgage and consumer loans.
(g) &#
_____________
dt 1608582
;
|
Freddie Mac
As referenced in this Agreement and Plan of Reorganization:
Freddie
Mac, – and Regulation X, the Fair Credit Reporting
Act, the Fair Debt Collection Practices Act, the Office of Foreign Asset
Control rules and regulations and all HUD, Ginnie Mae, Fannie Mae, Freddie
Mac, other investor and mortgage insurance company requirements relating to the
origination, sale and servicing of mortgage and consumer loans.
(g)
_____________
dt 1328217
;
Pelican
As referenced in this Agreement and Plan of Reorganization:
PELICAN FINANCIAL, INC. – 1
2
a05-21464_1ex2d1.htm
PLAN OF ACQUISITION, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR SUCCESSION
Exhibit 2.1
AGREEMENT
AND PLAN OF REORGANIZATION
among
STARK BANK GROUP, LTD.,
SBG
II, LTD.,
and
PELICAN FINANCIAL, INC.
Dated as of November 30,
2005
Table
of Contents
ARTICLE I. DEFINITIONS AND
INTERPRETATION
1
1.1.
Definitions
1
1.2.
Terms Defined Elsewhere
5
1.3.
Interpretation
5
_____________
Pelican
Financial, Inc. – 30, 2005, among Stark
Bank Group, Ltd., a Iowa Corporation (“Buyer”), SBG II, Ltd. an Iowa
corporation and a wholly owned subsidiary of Buyer (“Newco”), and Pelican
Financial, Inc. , a Delaware corporation (“PFI”).
RECITALS
PFI owns all of the issued and outstanding
stock of Pelican National Pelican, a national banking association (“Pelican”).
The Boards
_____________
Pelican Financial, Inc. – each director, officer and
employee of PFI and its Subsidiaries.
(e) As
of the Effective Time, Buyer shall merge the Pelican Financial, Inc.
Retirement Plan into the Stark Bank Group, Ltd. 401(k) Profit Sharing Plan and
Trust (the “Buyer’s Plan”). The Buyer’s
Plan shall
_____________
Pelican Financial, Inc. – IA 50266-6717
Attention: John D. Hunter
And
Brown and Associates
558 - 28th Street
Des Moines, IA 50312-5300
Attention W. Kendall Brown
50
And
(b)
If to PFI, to:
Pelican Financial, Inc.
3767 Ranchero Drive
Ann Arbor, MI 48108
Attention: Charles C. Huffman,
Chief
Executive Officer
with
a copy to:
Blank
Rome LLP
Watergate, 600 New Hampshire Avenue, NW
Washington, DC
_____________
PELICAN FINANCIAL, INC. – written.
STARK BANK GROUP, LTD.
By:
/s/ Thomas G. Schnurr
Name:
Thomas G. Schnurr
Title:
CEO
SBG II, LTD.
By:
/s/ Thomas G. Schnurr
Name:
Thomas G. Schnurr
Title:
CEO
PELICAN FINANCIAL, INC. ,
a Delaware corporation
By:
/s/ Charles C. Huffman
Name:
Charles C. Huffman
Title:
Chairman
[signature page to
Agreement and Plan of Reorganization]
53
_____________
dt 1453021
|
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| 2000 |
Agreement and Plan of Reorganization
Agreement and Plan of Reorganization (118K)
Doc #991397: Click preview link for longer preview.
<DESCRIPTION>AGREEMENT AND PLAN OF REORGANIZATION
<TEXT>
AGREEMENT AND PLAN OF REORGANIZATION
dated as of
August 30, 2000
among
COMSTOCK COAL COMPANY, INC.
and
COMSTOCK ACQUISITION CORP.
(a wholly-owned subsidiary of Comstock Coal Company, Inc.)
and
TELKONET COMMUNICATIONS, . . .
991397
|
Blank Rome
As referenced in this Agreement and Plan of Reorganization:
Blank, Rome – and validly taken by the officers and directors of
Telkonet.
Section 9.04. OPINION OF TELKONET'S COUNSEL. Comstock and CAC shall
have been furnished an opinion or opinions of Blank, Rome , Comisky & McCauley
LLP, counsel to Telkonet, dated the Effective Date, in form and substance
satisfactory to Comstock and CAC concerning the standing, capitalization, due
authorization and enforceability and, to
_____________
Blank, Rome – Facsimile No.: (801) 415-3500
(b) If to Telkonet:
Telkonet Communications, Inc.
670 Ritchie Highway
Severna Park, Maryland 21146
Facsimile No.: (410) 544-6306
37
with a copy to:
Blank, Rome , Comisky & McCauley, LLP
Attention: James R. Deveney, II
250 West Pratt Street, Suite 1100
Baltimore, Maryland 21201
Facsimile No.: (410) 654-1414
or at such other address or addresses
_____________
dt 1470178
;
|
Telkonet
As referenced in this Agreement and Plan of Reorganization:
"Telkonet, Inc. – as
the "EFFECTIVE DATE." At the Effective Date, the separate existence of CAC shall
cease, Telkonet shall maintain the name Telkonet Communications, Inc., and
Comstock shall change its name to "Telkonet, Inc. "
ARTICLE III
CERTIFICATE OF INCORPORATION, BY-LAWS, DIRECTORS AND OFFICERS
Section 3.01. CERTIFICATE OF INCORPORATION. The Certificate of
Incorporation of Telkonet in effect on the Effective Date shall
_____________
TELKONET, INC. – or on behalf of the corporation therein named and
acknowledged to me that the corporation executed it.
[Notary stamp here] /s/ Carol J. Nye
--------------------------------
Notary Public
DATED: August 30, 2000 TELKONET, INC.
---------------
By: /s/ L. Peter Larson
------------------------------
Its: President
----------------------------
STATE OF MARYLAND )
: ss.
COUNTY OF BALTIMORE )
On this 30th day of August, in the year 2000, before me, a Notary
Public,
_____________
dt 1462270
|
Preview
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| 2000 |
Agreement and Plan of Reorganization
Agreement and Plan of Reorganization (173K)
Doc #1203031: Click preview link for longer preview.
AGREEMENT AND PLAN OF REORGANIZATION
AMONG
INTEGRAL SYSTEMS, INC.
AND
SAT CORPORATION
ISI ACQUISITION CORPORATION
AND
HERBERT PARDULA
EFFECTIVE AS OF
August 31, 2000
<PAGE>
AGREEMENT AND PLAN OF . . .
1203031
|
Blank Rome
As referenced in this Agreement and Plan of Reorganization:
Blank Rome – Wallace E. Christner, Esq.
Fax No.: (202) 429-3231
If to the Company, to:
SAT Corporation
1151 Sonora Court
Sunnyvale, CA 94086
Attn:
Fax No:
with a required copy to:
Blank Rome Comisky & McCauley, LLP
One Logan Square
Philadelphia, PA 19103
Attn: Frederick D. Lipman, Esq.
Fax No.: 215-569-5628
43
<PAGE>
If to the Shareholder, to:
_____________
Blank Rome – lt;PAGE>
If to the Shareholder, to:
Herbert Pardula
c/o Todd Pardula
15091 Esther Drive
San Jose, CA 95124
Fax No.: 408-377-1974
with a copy to:
Blank Rome Comisky & McCauley, LLP
One Logan Square
Philadelphia, PA 19103
Attn: Frederick D. Lipman, Esq.
Fax No.: 215-569-5628
or to such other address as the person to
_____________
dt 1470213
;
Integral Systems
As referenced in this Agreement and Plan of Reorganization:
INTEGRAL SYSTEMS, INC. – gt;2
<FILENAME>0002.txt
<DESCRIPTION>AGREEMENT AND PLAN OF REORGANIZATION
<TEXT>
<PAGE>
EXHIBIT 2.1
AGREEMENT AND PLAN OF REORGANIZATION
AMONG
INTEGRAL SYSTEMS, INC.
AND
SAT CORPORATION
ISI ACQUISITION CORPORATION
AND
HERBERT PARDULA
EFFECTIVE AS OF
August 31, 2000
<PAGE>
AGREEMENT AND PLAN OF REORGANIZATION
THIS AGREEMENT AND PLAN OF REORGANIZATION (
_____________
Integral Systems, Inc. – 2000
<PAGE>
AGREEMENT AND PLAN OF REORGANIZATION
THIS AGREEMENT AND PLAN OF REORGANIZATION (this "Agreement") is effective
as of the 31st day of August, 2000 by and among Integral Systems, Inc. , a
Maryland corporation ("Integral"), ISI Acquisition Corporation, a California
corporation and a wholly owned subsidiary of Integral (the "Merger Sub"), SAT
Corporation, a California corporation (the "Company") and Herbert
_____________
Integral Systems, Inc. – given if delivered personally or sent by
telefax (with confirmation of receipt), by registered or certified mail, postage
prepaid, or by recognized courier service, as follows:
If to Integral, to:
Integral Systems, Inc.
5000 Philadelphia Way
Lanham, Maryland 20706
Attn: Elaine M. Parfitt
Fax: (301) 731-9606
with a required copy to:
Venable, Baetjer and Howard, LLP
1615 L Street, NW, Suite
_____________
INTEGRAL SYSTEMS, INC. – the matter or matters upon which such reliance is made.
46
<PAGE>
IN WITNESS WHEREOF, this Agreement is effective as of the day and year
first above written.
INTEGRAL SYSTEMS, INC.
By: /s/ Steven R. Chamberlain
---------------------------------
Name: Steven R. Chamberlain
Title: Chairman and Chief Executive
Officer
ISI ACQUISITION CORPORATION
By: /s/ Steven R. Chamberlain
---------------------------------
Name: Steven R. Chamberlain
Title: Chairman
_____________
dt 1459571
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Venable
As referenced in this Agreement and Plan of Reorganization:
Venable, – right to appraisal pursuant to the CGCL.
2. CLOSING.
-------
2.1 Closing. The closing of the transactions contemplated by this
-------
Agreement (the "Closing") shall take place at the offices of Venable, Baetjer,
Howard and Civiletti, LLP in Washington, DC commencing at 10:00 a.m. on August
31, 2000 or at such other time and date as the Parties may
_____________
Venable, – courier service, as follows:
If to Integral, to:
Integral Systems, Inc.
5000 Philadelphia Way
Lanham, Maryland 20706
Attn: Elaine M. Parfitt
Fax: (301) 731-9606
with a required copy to:
Venable, Baetjer and Howard, LLP
1615 L Street, NW, Suite 400
Washington, DC 20036
Attn: Wallace E. Christner, Esq.
Fax No.: (202) 429-3231
If to the Company, to:
SAT
_____________
dt 1419344
;
Venable Baetjer
As referenced in this Agreement and Plan of Reorganization:
Venable, Baetjer – right to appraisal pursuant to the CGCL.
2. CLOSING.
-------
2.1 Closing. The closing of the transactions contemplated by this
-------
Agreement (the "Closing") shall take place at the offices of Venable, Baetjer ,
Howard and Civiletti, LLP in Washington, DC commencing at 10:00 a.m. on August
31, 2000 or at such other time and date as the Parties may mutually
_____________
Venable, Baetjer – courier service, as follows:
If to Integral, to:
Integral Systems, Inc.
5000 Philadelphia Way
Lanham, Maryland 20706
Attn: Elaine M. Parfitt
Fax: (301) 731-9606
with a required copy to:
Venable, Baetjer and Howard, LLP
1615 L Street, NW, Suite 400
Washington, DC 20036
Attn: Wallace E. Christner, Esq.
Fax No.: (202) 429-3231
If to the Company, to:
SAT Corporation
_____________
dt 1382268
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Agreement and Plan of Merger
Agreement and Plan of Merger (228K)
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Appendix A
AGREEMENT AND PLAN OF MERGER
dated February 4, 2003
FOR THE ACQUISITION OF
H.T.E., INC.
BY
SUNGARD DATA SYSTEMS INC.
THIS COPY OF THE AGREEMENT AND PLAN OF MERGER IS BEING DELIVERED TO THE SHAREHOLDERS OF H.T.E., INC. IN COMPLIANCE WITH SECTION 607.1104 OF THE FLORIDA BUSINESS CORPORATION ACT.
TABLE OF CONTENTS
Page
Section 1:
THE OFFER
. . .
1438461
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Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – and the transactions contemplated hereby shall have been abandoned pursuant to Section 8 hereof, the consummation of the Merger (the Closing) shall take place at the Philadelphia, Pennsylvania offices of Blank Rome LLP, at 10:00 a.m., local time, on a date to be designated by Parent (the Closing Date), which shall be no later than the fifth (5th) business
_____________
dt 1674733
;
Onvia.com
As referenced in this Agreement and Plan of Merger:
Onvia.com, Inc. – record and beneficial owner of all of the shares of capital stock or other equity interest of each of its Subsidiaries and of 109,700 shares of common stock of Onvia.com, Inc. , and the Company has good and marketable title to all such shares or other equity interest, free and clear of any Encumbrances. There are no shares of Company Common
_____________
dt 1685296
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SunGard Data
As referenced in this Agreement and Plan of Merger:
SUNGARD DATA SYSTEMS INC. – AGREEMENT AND PLAN OF MERGER
Exhibit (d)(1)
Execution Copy
Appendix A
AGREEMENT AND PLAN OF MERGER
dated February 4, 2003
FOR THE ACQUISITION OF
H.T.E., INC.
BY
SUNGARD DATA SYSTEMS INC.
THIS COPY OF THE AGREEMENT AND PLAN OF MERGER IS BEING DELIVERED TO THE SHAREHOLDERS OF H.T.E., INC. IN COMPLIANCE WITH SECTION 607.1104 OF THE FLORIDA
_____________
SUNGARD DATA SYSTEMS INC. – 28
Financial Advisory and Other Fees
ii
AGREEMENT AND PLAN OF MERGER
PARTIES:
H.T.E., INC.
a Florida corporation (the Company)
1000 Business Center Drive
Lake Mary, Florida 32746
SUNGARD DATA SYSTEMS INC.
a Delaware corporation (Parent)
1285 Drummers Lane, Suite 300
Wayne, Pennsylvania 19087
LAKE ACQUISITION CORP. INC.
a Florida corporation (Acquisition Sub)
1285 Drummers Lane, Suite 300
Wayne, Pennsylvania 19087
_____________
SUNGARD DATA SYSTEMS INC. – Sections of this Agreement and Exhibits or Annexes to this Agreement.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written.
SUNGARD DATA SYSTEMS INC.
By:
/s/ RICHARD C. TARBOX
Name: Richard C. Tarbox
Title: Senior Vice PresidentCorporate Development
LAKE ACQUISITION CORP. INC.
By:
/s/ RICHARD C. TARBOX
Name: Richard C. Tarbox
Title: Vice
_____________
dt 1685233
;
Tyler
As referenced in this Agreement and Plan of Merger:
Tyler Technologies, Inc. – a resolution that Acquisition Sub shall have full voting rights with respect to shares of Company Common Stock owned by the shareholders who execute the Tender and Voting Agreement, including Tyler Technologies, Inc. (Tyler), that are acquired by Acquisition Sub
3
pursuant to the Offer and that the proxy agents named pursuant to the Tender and Voting Agreement shall have full voting
_____________
Tyler Technologies, Inc. – E. Goodrow
Susan D. Falotico
Gilbert O. Santos
Del King
William C. Barnett
L. A. Gornto, Jr.
A-8
Exhibit B
List of Persons Entering into Tender and Voting Agreement
Tyler Technologies, Inc.
Constellation Software, Inc.
Bernard B. Markey
Joseph M. Loughry, III
L.A. Gornto, Jr.
Ozzie Ramos
Edward A. Moses
George P. Keeley
D. Van R. Morris
B-1
ANNEX
_____________
dt 1685241
;
Greenberg
As referenced in this Agreement and Plan of Merger:
Greenberg Traurig – ii) if to Company, to the address stated on page one of this Agreement to the attention of the President and CEO (fax # (407) 304-1075), with a copy to Greenberg Traurig , P.A., 450 South Orange Avenue, Suite 650, Orlando, Florida 32801, Attention: Randolph H. Fields, Esq. (fax # (407) 420-5909).
9.10 Cooperation. Each party to this Agreement agrees
_____________
dt 1685541
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AGREEMENT AND PLAN OF MERGER
DATED FEBRUARY 4, 2003
FOR THE ACQUISITION OF
H.T.E., INC.
BY
SUNGARD DATA SYSTEMS INC.
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
. . .
1438472
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Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – and the transactions contemplated hereby shall have been abandoned
pursuant to Section 8 hereof, the consummation of the Merger (the "Closing")
shall take place at the Philadelphia, Pennsylvania offices of Blank Rome LLP, at
10:00 a.m., local time, on a date to be designated by Parent (the "Closing
Date"), which shall be no later than the fifth (5th) business
_____________
dt 1674734
;
Onvia.com
As referenced in this Agreement and Plan of Merger:
Onvia.com, Inc. – record and beneficial owner of all of the shares of capital stock or other
equity interest of each of its Subsidiaries and of 109,700 shares of common
stock of Onvia.com, Inc. , and the Company has good and marketable title to all
such shares or other equity interest, free and clear of any Encumbrances. There
are no shares of Company Common
_____________
dt 1685297
;
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SunGard Data
As referenced in this Agreement and Plan of Merger:
SUNGARD DATA SYSTEMS INC. – PLAN OF MERGER
<TEXT>
<PAGE>
EXHIBIT 2.1
AGREEMENT AND PLAN OF MERGER
DATED FEBRUARY 4, 2003
FOR THE ACQUISITION OF
H.T.E., INC.
BY
SUNGARD DATA SYSTEMS INC.
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S> <C> <C>
Section 1: THE OFFER.......................................................................................2
1.1
_____________
SunGard Data Systems Inc. – lt;/TABLE>
iii
<PAGE>
AGREEMENT AND PLAN OF MERGER
PARTIES: H.T.E., INC.
a Florida corporation (the "Company")
1000 Business Center Drive
Lake Mary, Florida 32746
SunGard Data Systems Inc.
a Delaware corporation ("Parent")
1285 Drummers Lane, Suite 300
Wayne, Pennsylvania 19087
Lake Acquisition Corp. Inc.
a Florida corporation ("Acquisition Sub")
1285 Drummers Lane, Suite 300
Wayne, Pennsylvania 19087
_____________
SUNGARD DATA SYSTEMS INC. – and Exhibits or Annexes to this Agreement.
48
<PAGE>
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the date first above written.
SUNGARD DATA SYSTEMS INC.
By: /s/ Richard C. Tarbox
-----------------------------------
Name: Richard C. Tarbox
Title: Vice President
LAKE ACQUISITION CORP. INC.
By: /s/ Richard C. Tarbox
-----------------------------------
Name: Richard C. Tarbox
Title: Vice President
H.
_____________
dt 1685234
;
Tyler
As referenced in this Agreement and Plan of Merger:
Tyler Technologies, Inc. – a resolution that Acquisition Sub shall have full voting
rights with respect to shares of Company Common Stock owned by the shareholders
who execute the Tender and Voting Agreement, including Tyler Technologies, Inc.
("Tyler"), that are acquired by Acquisition Sub pursuant to the Offer and that
the proxy agents named pursuant to the Tender and Voting Agreement shall have
full voting rights
_____________
Tyler Technologies, Inc. – D. Falotico
Gilbert O. Santos
Del King
William C. Barnett
L. A. Gornto, Jr.
A-10
<PAGE>
EXHIBIT B
LIST OF PERSONS ENTERING INTO TENDER AND VOTING AGREEMENT
Tyler Technologies, Inc.
Constellation Software, Inc.
Bernard B. Markey
Joseph M. Loughry, III
L.A. Gornto, Jr.
Ozzie Ramos
Edward A. Moses
George P. Keeley
D. Van R. Morris
B-1
<
_____________
dt 1685242
;
Greenberg
As referenced in this Agreement and Plan of Merger:
Greenberg Traurig – ii) if to Company,
to the address stated on page one of this Agreement to the attention of the
President and CEO (fax # (407) 304-1075), with a copy to Greenberg Traurig ,
P.A., 450 South Orange Avenue, Suite 650, Orlando, Florida 32801, Attention:
Randolph H. Fields, Esq. (fax # (407) 420-5909).
47
<PAGE>
9.10 COOPERATION. Each party
_____________
dt 1685542
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AGREEMENT AND PLAN OF MERGER
between
KEYSTONE SAVINGS BANK
and
FIRST COLONIAL GROUP, INC.
dated as of March 5, 2003
<PAGE>
AGREEMENT AND PLAN OF MERGER
TABLE OF CONTENTS
<TABLE>
<CAPTION>
<S> . . .
1456280
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Group, Inc.
76 South Main Street
Nazareth, Pennsylvania 18064
Attn: Scott V. Fainor
President and Chief Executive Officer
Fax: (610) 746-7300
<PAGE>
With a required copy to:
Blank Rome LLP
One Logan Square
Philadelphia, Pennsylvania 19103
Attn: Lawrence J. Wiseman, Esq.
Fax: (215) 569-5549
8.5 Alternative Structure
---------------------
Notwithstanding any provision of this Agreement to the contrary,
_____________
dt 1674737
;
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KNBT Bancorp
As referenced in this Agreement and Plan of Merger:
KNBT Bancorp, Inc. – 6 Interpretation........................................................................... 50
8.7 Counterparts............................................................................. 50
8.8 Governing Law............................................................................ 50
Appendix A Form of Shareholder Agreement
Appendix B Form of Depositor Agreement
Appendix C Articles of Incorporation of KNBT Bancorp, Inc.
Appendix D Bylaws of KNBT Bancorp, Inc.
Appendix E Form of Employment Agreement with Scott V. Fainor
Appendix F Form of Employment Agreement with Eugene T. Sobol
<PAGE&
_____________
KNBT Bancorp, Inc. – 8.8 Governing Law............................................................................ 50
Appendix A Form of Shareholder Agreement
Appendix B Form of Depositor Agreement
Appendix C Articles of Incorporation of KNBT Bancorp, Inc.
Appendix D Bylaws of KNBT Bancorp, Inc.
Appendix E Form of Employment Agreement with Scott V. Fainor
Appendix F Form of Employment Agreement with Eugene T. Sobol
<PAGE>
Appendix G Form of Accession to
_____________
KNBT Bancorp, Inc. – and the Conversion, as amended and supplemented.
"Governmental Entity" shall mean any federal or state court, administrative
agency or commission or other governmental authority or instrumentality.
"Holding Company" shall mean KNBT Bancorp, Inc. , a business corporation
which shall be organized by Keystone under the BCL for the purposes of becoming
the holding company of Keystone upon consummation of the Conversion and
acquiring
_____________
"KNBT Bancorp, Inc. – sometimes called the "Surviving Corporation") of the
Merger, and shall continue its corporate existence under the laws of the
Commonwealth of Pennsylvania. The name of the Surviving Corporation shall be
"KNBT Bancorp, Inc. " as stated in the Articles of Incorporation of the Holding
Company immediately prior to the Effective Time. Upon consummation of the
Merger, the separate corporate existence of the Company
_____________
dt 1673262
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Agreement and Plan of Merger
Agreement and Plan of Merger (138K)
Doc #1476892: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
By and Between
the ESOP of STV GROUP, INCORPORATED
and
STV GROUP, INCORPORATED
Dated as of April 30, 2001
<PAGE>
TABLE OF CONTENTS
1. THE MERGER................................................................1
1.2 The Closing........................................................2
1.3 . . .
1476892
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Agreement shall have been terminated
pursuant to the provisions of Article 8, the closing of the transactions
contemplated by this Agreement (the "Closing") will take place at the offices of
Blank Rome Comisky & McCauley LLP, One Logan Square, Philadelphia, Pennsylvania
19103-6998, at 10:00 a.m., local time, within two business days following the
date on which the last
_____________
Blank Rome – the Company:
STV Group, Incorporated
205 West Welsh Drive
Douglassville, PA 19518
Attention: Domenick M. Servedio, CEO & President
Facsimile: 610-385-8500
33
<PAGE>
with copies to:
Blank Rome Comisky & McCauley LLP
One Logan Square
Philadelphia, Pennsylvania 19103-6998
Attention: Richard J. McMahon, Esquire
Facsimile: 215-569-5628
If to the ESOP:
LaSalle Bank
135 LaSalle Street
_____________
dt 1674740
;
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Agreement and Plan of Merger
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AGREEMENT AND PLAN OF MERGER
AMONG
NCO GROUP, INC.,
NCOG ACQUISITION CORPORATION
AND
RMH TELESERVICES, INC.
Dated as of November 18, 2003
================================================================================
<PAGE>
AGREEMENT AND PLAN OF MERGER
TABLE OF CONTENTS
. . .
1564549
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Merger to qualify as a
reorganization under the provisions of Section 368(a) of the Code and to cause
its respective officers to furnish such customary and appropriate
representations to Blank Rome LLP ("Parent's Counsel") and Faegre & Benson LLP
("Company's Counsel") as may be reasonably requested to enable such counsel to
deliver the opinions described in Sections 7.2(
_____________
Blank Rome – to consummate the transactions
contemplated by this Agreement.
ARTICLE VIII
CLOSING
8.1. Time and Place. The closing of the Merger (the "Closing") shall
take place at the offices of Blank Rome LLP, One Logan Square, Philadelphia,
Pennsylvania, as soon as practicable following satisfaction or waiver, if
permissible, of the conditions set forth in Article VII. The date on which the
_____________
Blank Rome – 19044
Email: mike.barrist@ncogroup.com
Attention: Michael J. Barrist
with copies to
NCO Group, Inc.
507 Prudential Road
Horsham, PA 19044
Email: josh.gindin@ncogroup.com
Attention: Joshua Gindin
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Email: wiseman@blankrome.com
Attention: Lawrence R. Wiseman, Esquire
(b) if to the Company, to
RMH Teleservices, Inc.
15 Campus Boulevard
Newtown
_____________
dt 1674751
;
NCO Group
As referenced in this Agreement and Plan of Merger:
NCO GROUP, INC –
EX-2
3
ex2-1.txt
EX2-1.TXT
Exhibit 2.1
================================================================================
AGREEMENT AND PLAN OF MERGER
AMONG
NCO GROUP, INC .,
NCOG ACQUISITION CORPORATION
AND
RMH TELESERVICES, INC.
Dated as of November 18, 2003
================================================================================
AGREEMENT AND PLAN OF MERGER
TABLE OF CONTENTS
Page
ARTICLE I THE MERGER........................................................1
1.
_____________
NCO Group, Inc – Counsel
ANNEX VI: Form of Tax Opinion from Company's Counsel
v
AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated as of November 18, 2003,
among NCO Group, Inc ., a Pennsylvania corporation (the "Parent"), NCOG
Acquisition Corporation, a Pennsylvania corporation and a wholly-owned
subsidiary of the Parent (the "Purchaser"), and RMH Teleservices, Inc., a
Pennsylvania corporation (the "
_____________
NCO Group, Inc – shall be specified by like notice; provided that notices of a change of address
shall be effective only upon receipt thereof):
(a) if to the Parent or the Purchaser, to
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Email: mike.barrist@ncogroup.com
Attention: Michael J. Barrist
with copies to
NCO Group, Inc.
507 Prudential Road
Horsham, PA 19044
Email: josh.
_____________
NCO Group, Inc – a) if to the Parent or the Purchaser, to
NCO Group, Inc.
507 Prudential Road
Horsham, PA 19044
Email: mike.barrist@ncogroup.com
Attention: Michael J. Barrist
with copies to
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Email: josh.gindin@ncogroup.com
Attention: Joshua Gindin
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Email: wiseman@blankrome.com
Attention: Lawrence
_____________
NCO GROUP, INC – WITNESS WHEREOF, the Parent, the Purchaser and the Company have
caused this Agreement to be signed by their respective duly authorized officers
as of the date first above written.
PARENT: NCO GROUP, INC .
By: /s/ Michael Barrist
----------------------------------
Name: Michael Barrist
----------------------------------
Title: Chairman, President & CEO
----------------------------------
PURCHASER: NCOG ACQUISITION CORPORATION
By: /s/ Michael Barrist
----------------------------------
Name: Michael Barrist
----------------------------------
Title: Chairman, President & CEO
----------------------------------
THE COMPANY RMH
_____________
dt 1651928
;
|
Deutsche Bank
As referenced in this Agreement and Plan of Merger:
Deutsche Bank
Securities, Inc – applicable to them or
any of their properties or their operations which are reasonably likely to have
a Parent Material Adverse Effect.
4.12. Finders and Investment Bankers. Except for Deutsche Bank
Securities, Inc ., no agent, investment banker, broker, finder, intermediary, or
other Person acting on behalf of the Parent or any of the Parent Subsidiaries is
or shall be entitled to any
_____________
dt 1650601
;
Faegre & Benson
As referenced in this Agreement and Plan of Merger:
Faegre & Benson – the provisions of Section 368(a) of the Code and to cause
its respective officers to furnish such customary and appropriate
representations to Blank Rome LLP ("Parent's Counsel") and Faegre & Benson LLP
("Company's Counsel") as may be reasonably requested to enable such counsel to
deliver the opinions described in Sections 7.2(d) and 7.3(c).
6.12. Section
_____________
Faegre & Benson – to the Company, to
RMH Teleservices, Inc.
15 Campus Boulevard
Newtown Square, PA 19073
Email: jfellows@rmh.com
Attention: John Fellows, President and CEO
37
with a copy to
Faegre & Benson LLP
1900 15th Street
Boulder, CO 80302
Email: jcarroll@faegre.com
Attention: James H. Carroll, Esquire
RMH Teleservices, Inc.
15 Campus Boulevard
Newtown Square, PA 19073
Email: dlofton@rmh.com
_____________
dt 1650540
|
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AGREEMENT AND PLAN OF MERGER
dated May 19, 2005
by and among
FINLAY FINE JEWELRY CORPORATION,
FFJ ACQUISITION CORP.,
CARLYLE & CO. JEWELERS,
CERTAIN STOCKHOLDERS OF CARLYLE & CO. JEWELERS
SET FORTH ON EXHIBIT A HERETO
and
RUSSELL L. COHEN (AS STOCKHOLDERS' AGENT)
TABLE OF . . .
1593927
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – Exchange Account").
1.10 Closing.
(a) Time and Place of Closing The closing of the Merger and the
transactions contemplated hereby (the "Closing") shall take place at the offices
of Blank Rome LLP, 405 Lexington Avenue, New York, New York 10174 (or at such
other place as the parties shall mutually agree) on May 19, 2005, except that
the parties agree
_____________
Blank Rome – executed by the Secretary and Chairman or President of Purchaser and Acquisition
Subsidiary;
(vii) an opinion in form and substance reasonably
satisfactory to the Principal Stockholders and the Company of Blank Rome LLP, as
counsel to Purchaser and Acquisition Subsidiary in connection with this
Agreement and the Operative Agreements to which Purchaser and Acquisition
Subsidiary is a party, dated the Closing
_____________
Blank Rome – M. Melvin
with a copy (which shall not constitute notice) to:
Bonni G. Davis, Esq.
529 Fifth Avenue; 6th Floor
New York, New York 10017
Facsimile No.: (212) 808-0349
Blank Rome LLP
405 Lexington Avenue
New York, NY 10174
Facsimile No.: (212) 885-5001
Attn: James Martin Kaplan, Esq.
(b) If to the Company, the Principal Stockholders or the Stockholders'
_____________
dt 1674754
;
|
ISDA
As referenced in this Agreement and Plan of Merger:
ISDA – Facility, including without any limitation any early termination fees
thereunder. Termination of the Revolving Credit Facility will trigger the
Company's obligation to pay an early termination fee for its ISDA mark to market
derivative due October 2007 in the amount of $77,440.
-35-
2.34 Updates. From the date hereof, until the Closing, the Company
shall promptly notify
_____________
dt 1670767
;
BofA
As referenced in this Agreement and Plan of Merger:
Bank of America, N.A. – the Closing), and each of their respective
officers, employees, agents, counsel, accountants, financial advisors,
consultants and other representatives.
"Revolving Credit Facility" means the Fourth Amended and Restated
Credit Agreement Between Bank of America, N.A. and Carlyle & Co. Jewelers, dated
as of November 18, 2004.
"Russell L. Cohen Employment Agreement" means that employment
agreement between Purchaser and Russell L. Cohen in the form of
_____________
dt 1684166
|
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Agreement and Plan of Merger
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AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER (�AGREEMENT�) made this 26th day of September, 2005, by and between RENOVO HOLDINGS, a Nevada corporation (�Renovo�), EI3 CORPORATION, a Delaware corporation (�EI3�), and Stephen Carnes (the �Principal Stockholder�).
WHEREAS, the Board of Directors of each of Renovo and EI3 has determined that it is in the best interests of their respective stockholders for Renovo to acquire EI3 upon the terms and subject to the conditions set forth herein;
WHEREAS, in furtherance of the foregoing, EI3 and Renovo are desirous of . . .
1637031
|
Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – 7.15 Stockholder Approval. EI3 shall have obtained the EI3 Stockholder Approval.
ARTICLE VIII
Closing
8.1 Closing. The Closing of this Agreement shall be held at the offices of Blank Rome LLP, 405 Lexington Avenue, New York, New York 10174, at any mutually agreeable time on the second business day following the satisfaction or waiver of all conditions to the
_____________
Blank Rome – If to EI3 to:
EI3 Corporation Summit Avenue
Montvale, New Jersey 07645
Attn: Mr. Brett S. Smith, Chief Executive Officer
Fax:
22
With a copy to:
Robert J. Mittman, Esquire
Blank Rome LLP
The Chrysler Building
405 Lexington Avenue
New York, New York 10174
Fax: (212) 885-5001
If to Renovo or the Principal Stockholder:
Steve Carnes
Renovo
100 Candace Drive,
_____________
dt 1674759
;
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Agreement and Plan of Merger
Agreement and Plan of Merger (214K)
Doc #2174166: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
By and Among
Liberty Partners Holdings 28 LLC,
Teach Acquisition Corporation
and
Concorde Career Colleges, Inc.
June 21, 2006
057223.00125/11527213v.17
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS1
1.1 Defined Terms.............................................................................................................. . . .
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Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – the Effective Time.
2.3 Closing. Unless this Agreement shall have been terminated in accordance with Section 10.1, the Closing of the Merger shall occur at the offices of Blank Rome LLP, The Chrysler Building, 42nd Street and Lexington Avenue, New York, New York 10174, commencing at 10:00 A.M., local time, on the third business day following the
_____________
Blank Rome – Avenue of the Americas
34th Floor
New York, New York 10036
Telephone: (212) 541-7676
Telecopier: (212) 649-6076
Attention: G. Michael Stakias
with a copy to:
Ronald Fisher, Esquire
Blank Rome LLP
One Logan Square
Philadelphia, Pennsylvania 19103
Telephone: (215) 569-5500
Telecopier: (215) 569-5555
57
or such other Persons or addresses as may be designated in writing by
_____________
dt 1614650
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – of its Subsidiaries would be deemed a single employer within the meaning of Section 4001(b)(1) of ERISA or Section 414(m) or (o) of the Code.
Escrow Agent: Citibank, N.A. , or such other escrow agent selected by Buyer and reasonably acceptable to the Company.
Escrow Agreement: The escrow agreement, substantially in the form of Exhibit 1.1, to be
_____________
dt 1616201
;
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Concorde
As referenced in this Agreement and Plan of Merger:
Concorde Career Colleges, Inc. – 1 2 ex2-1.htm EX-2.1 AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER
By and Among
Liberty Partners Holdings 28 LLC,
Teach Acquisition Corporation
and
Concorde Career Colleges, Inc.
June 21, 2006
057223.00125/11527213v.17
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS1
1.1 Defined Terms.....................................................................................................................................................................................................................2
1.2 Additional Terms................................................................................................................................................................................................................2
ARTICLE II TERMS OF THE
_____________
CONCORDE CAREER COLLEGES, INC. – and among LIBERTY PARTNERS HOLDINGS 28 LLC, a Delaware limited liability company (the Buyer), Teach Acquisition Corporation, a Delaware corporation and wholly-owned subsidiary of Buyer (the Merger Sub), and CONCORDE CAREER COLLEGES, INC. , a Delaware corporation (the Company).
RECITALS
A. The Board of Directors of the Buyer has determined that it is in the best interests of its stockholders that Merger Sub
_____________
Concorde Career Colleges, Inc. – by overnight courier), or express overnight delivery, or sent by certified mail, return receipt requested, as follows:
If to the Company, to
Jack L. Brozman
President and Chief Executive Officer
Concorde Career Colleges, Inc.
5800 Foxridge Drive
Mission, Kansas 66202
Telephone: (913) 831-9977
Telecopier: (913) 831-6460
with a copy to:
Thomas W. Van Dyke, Esquire
Bryan Cave LLP
3500 One Kansas
_____________
CONCORDE CAREER COLLEGES, INC. – the Parties hereto have caused this Agreement and Plan of Merger to be executed and delivered by their respective duly authorized officers as of the date first above written.
COMPANY:
CONCORDE CAREER COLLEGES, INC.
By:
Name: Jack L. Brozman
Title:
President and Chief Executive Officer
BUYER:
LIBERTY PARTNERS HOLDINGS 28 LLC
By: Liberty Partners, L.P., its Sole Manager
By: PEB Associates, Inc.,
_____________
dt 1614528
;
Bryan Cave
As referenced in this Agreement and Plan of Merger:
Bryan Cave – Chief Executive Officer
Concorde Career Colleges, Inc.
5800 Foxridge Drive
Mission, Kansas 66202
Telephone: (913) 831-9977
Telecopier: (913) 831-6460
with a copy to:
Thomas W. Van Dyke, Esquire
Bryan Cave LLP
3500 One Kansas City Place
1200 Main Street
Kansas City, Missouri 64105
Telephone: (816) 374-3200
Telecopier: (816) 374-3300
If to Buyer or Merger Sub, to
Liberty
_____________
dt 1654602
|
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| 2006 |
Agreement and Plan of Merger
Agreement and Plan of Merger (212K)
Doc #2267371: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
AMONG
COLLECT HOLDINGS, INC.,
COLLECT ACQUISITION CORP.
AND
NCO GROUP, INC.
Dated as of July 21, 2006
TABLE OF CONTENTS
Page
ARTICLE I
THE MERGER
2
1.1.
The Merger
2
1.2.
Closing
2
1.3.
Effective Time of the Merger
2
1.4.
Effects of the Merger
2
ARTICLE II
EFFECT OF THE MERGER ON THE OUTSTANDING SECURITIES OF THE COMPANY AND . . .
2267371
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Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – in Article VI (and, in any event, not more than two (2) Business Days following the satisfaction or waiver of all such conditions) (the Closing Date), at the offices of Blank Rome LLP, One Logan Square, Philadelphia, Pennsylvania 19103, unless another date, time or place is agreed to in writing by the parties hereto. Business Day means any day that is
_____________
Blank Rome – 212) 225-3999
(b) if to the Company, to:
NCO Group, Inc.
507 Prudential Road
Horsham, PA 19044
Attention: Joshua Gindin, Esquire
Facsimile: (215) 441-3931
with a copy to:
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Attention: Lawrence R. Wiseman, Esquire
Facsimile: (215) 832-5549
and
Bass, Berry & Sims PLC
315 Deaderick Street, Suite 2700
Nashville, TN
_____________
dt 1614652
;
Citizens Bank
As referenced in this Agreement and Plan of Merger:
Citizens Bank of Pennsylvania, – other than liens by the lenders in connection with the Seventh Amended and Restated Credit Agreement dated as of June 21, 2005 by and among the Company, certain lenders and Citizens Bank of Pennsylvania, as administrative agent and issuer (the Citizens Loan Agreement). All such issued and outstanding shares of capital stock or other ownership interests are validly issued, fully paid and nonassessable
_____________
dt 1655858
;
NCO Group
As referenced in this Agreement and Plan of Merger:
NCO GROUP, INC – by St Ives Financial
EX-2.1 4 b414144_ex2-1.htm EXHIBIT 2.1
Exhibit 2.1
AGREEMENT AND PLAN OF MERGER
AMONG
COLLECT HOLDINGS, INC.,
COLLECT ACQUISITION CORP.
AND
NCO GROUP, INC .
Dated as of July 21, 2006
TABLE OF CONTENTS
Page
ARTICLE I
THE MERGER
2
1.1.
The Merger
2
1.2.
Closing
2
1.3.
Effective Time of
_____________
NCO GROUP, INC – Agreement), is made and entered into by and among COLLECT HOLDINGS, INC., a Delaware corporation (Parent), COLLECT ACQUISITION CORP., a Pennsylvania corporation and wholly-owned subsidiary of Parent (Acquisition), and NCO GROUP, INC ., a Pennsylvania corporation (the Company).
RECITALS
WHEREAS, the Board of Directors of each of Parent, Acquisition and the Company (in the case of the Company acting on the recommendation
_____________
NCO Group, Inc – the Effective Time (as hereinafter defined). At the Effective Time, the separate corporate existence of Acquisition shall cease and the Company shall continue as the surviving corporation under the name NCO Group, Inc . and shall succeed to and assume all of the rights and obligations of the Company and Acquisition in accordance with the PBCL. As the context requires, the Company is
_____________
NCO Group, Inc – Amended and Restated Exclusivity Agreement, dated as of June 30, 2005, by and among CFSC Capital Corp. XXXIV and NCOP Lakes, Inc., NCO Financial Systems, Inc., NCO Portfolio Management, Inc., NCO Group, Inc ., NCOP Capital, Inc., and NCOP Capital I, LLC (the CFSC Agreement), (D) intercompany mergers between or among wholly-owned Subsidiaries of the Company, or (E) as required by existing
_____________
NCO Group, Inc – 2222
and
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
Attention: Robert J. Raymond, Esquire
Facsimile: (212) 225-3999
(b) if to the Company, to:
NCO Group, Inc .
507 Prudential Road
Horsham, PA 19044
Attention: Joshua Gindin, Esquire
Facsimile: (215) 441-3931
with a copy to:
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Attention: Lawrence
_____________
dt 1651929
;
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JPMorgan Chase
As referenced in this Agreement and Plan of Merger:
JPMorgan Chase Bank, – Parent has received, executed and delivered a commitment letter, dated as of July 18, 2006 (the Senior Bank and Bridge Loan Commitment Letter) from Morgan Stanley Senior Funding, Inc. and JPMorgan Chase Bank, N.A. (the Lenders), pursuant to which the Lenders have committed, subject to the terms and conditions set forth therein, to provide to Acquisition (i) up to $550 million
_____________
dt 1661942
;
MS Sr. Funding
As referenced in this Agreement and Plan of Merger:
Morgan Stanley Senior Funding, Inc – collateral in the reasonable business judgment of banks, investment banks or other financial institutions that generally conduct business in a marketplace similar to that of an institutional lender similar to Morgan Stanley Senior Funding, Inc . For purposes of this Agreement, (i) Default means (a) any actual breach or default, (b) the occurrence of an event that, with the passage of time, the giving of
_____________
Morgan Stanley Senior Funding, Inc – in any business activities.
(d) Financing. Parent has received, executed and delivered a commitment letter, dated as of July 18, 2006 (the Senior Bank and Bridge Loan Commitment Letter) from Morgan Stanley Senior Funding, Inc . and JPMorgan Chase Bank, N.A. (the Lenders), pursuant to which the Lenders have committed, subject to the terms and conditions set forth therein, to provide to Acquisition (i)
_____________
dt 1636762
;
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| 2006 |
Agreement and Plan of Merger
Agreement and Plan of Merger (228K)
Doc #2408849: Click preview link for longer preview.
EXECUTION FORM
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
TERRA NOVA ACQUISITION CORPORATION,
("PARENT")
CPBR ACQUISITION, INC.,
("MERGER SUB")
CLEARPOINT BUSINESS RESOURCES, INC.
(THE "COMPANY")
AND
. . .
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Blank Rome
As referenced in this Agreement and Plan of Merger:
Blank Rome – and Christopher
Ferguson, as President, in the forms of Exhibits G and H, respectively, shall be
in full force and effect.
(g) Opinion of Counsel. Parent shall have received from Blank Rome LLP,
counsel to the Company, an opinion of counsel in substantially the form of
Exhibit I annexed hereto.
49
(h) Other Deliveries. At or prior to Closing, the Company
_____________
Blank Rome – Business Resources, Inc.
1600 Manor Drive, Suite 110
Chalfont, PA 18914
59
Attention: Michael Traina, Chief Executive Officer
Telephone: 215-997-7710
Telecopy: 866-997-7711
with a copy to:
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Attention: Alan L. Zeiger, Esq.
Telephone: 215-569-5754
Telecopy: 215-832-5754
10.2 Interpretation. The definitions of the terms herein
_____________
BLANK ROME – FORM OF OPINION OF GRAUBARD MILLER
EXHIBIT G - FORM OF EMPLOYMENT AGREEMENT FOR MICHAEL TRAINA
EXHIBIT H - FORM OF EMPLOYMENT AGREEMENT FOR CHRISTOPHER FERGUSON
EXHIBIT I - FORM OF OPINION OF BLANK ROME LLP
EXHIBIT J - FORM OF ADVISORY SERVICES AGREEMENT
SCHEDULES
---------
SCHEDULE 2 - COMPANY SCHEDULE
SCHEDULE 3 - PARENT SCHEDULE
SCHEDULE 4.1 - COMPANY AND PARENT PERMITTED ACTIONS
SCHEDULE 5.2 - DIRECTORS
_____________
dt 1614653
;
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| 2002 |
Agreement for Sale
Agreement for Sale (96K)
Doc #1557554: Click preview link for longer preview.
AGREEMENT FOR SALE
------------------
THIS AGREEMENT FOR SALE ("Agreement") is dated as of March 15, 2002
---------
(the "Effective Date"), by and between MOUNT PLEASANT KPT LLC, a Delaware
--------------
limited liability company ("Seller"), and DRA ADVISORS, INC., a Delaware
------
corporation ("Buyer").
-----
IN CONSIDERATION of the respective agreements hereinafter set forth,
Seller and . . .
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Blank Rome
As referenced in this Agreement for Sale:
Blank Rome – follows:
If to Buyer: DRA Advisors, Inc.
-----------
220 East 42/nd/ Street
27/th/ Floor
New York, NY 10017
Attn: Andrew E. Peltz
Fax No: (212) 697-7403
Copy to: Blank Rome Tenzer Greenblatt LLP
-------
405 Lexington Avenue
New York, NY 10174
Attn: Martin Luskin
Fax No: (212) 885-5003
If to Seller: Mount Pleasant KPT LLC
------------
c/o Konover Property
_____________
dt 1470280
;
| |
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| 2003 |
Agreement of Purchase and Sale
Agreement of Purchase and Sale (148K)
Doc #130317: Click preview link for longer preview.
AGREEMENT OF PURCHASE AND SALE
Among
ECHELON MALL JOINT VENTURE AND ECHELON ACQUISITION, LLC ("Seller"),
and
PR ECHELON LIMITED PARTNERSHIP ("Buyer"),
March 7, 2003
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
{S} {C} {C}
ARTICLE I Defined Terms...........................................................................................1
1.1 Certain Defined Terms.......................................................................1
ARTICLE II Purchase and Sale of Property Assets..................................................................10
2.1 Sale of Property Assets....................................................................10
2.2 Purchase Price.............................................................................12
ARTICLE III Deposits, Assumption of Liabilities; Adjustments and Prorations......................................13
3.1 Deposits...................................................................................13
3.2 Assumption of Liabilities..................................................................14
3.3 Debt Restructure...........................................................................14
3.4 Adjustments and Prorations.................................................................15
3.5 Release of Mortgage........................................................................15
ARTICLE IV Failure to Close......................................................................................15
4.1 Buyer's Default............................................................................15
4.2 Seller's Default...........................................................................16
4.3 Disposition of Deposit upon Termination and Lack of Satisfaction of Conditions.............17
ARTICLE V Closing; Deliveries at Closing.........................................................................18
5.1 Closing....................................................................................18
5.2 Deliveries to be Made on the Closing Date..................................................18
ARTICLE VI Employment Matters....................................................................................23
6.1 Employees..................................................................................23
6.2 Vesting....................................................................................26
6.3 Indemnity..................................................................................26
6.4 No Third Party Beneficiaries...............................................................26
ARTICLE VII Buyer Inspections....................................................................................27
7.1 Document and Property Inspection..........................................................27
7.2 Feasibility Period.........................................................................28
7.3 Survey Contingency.........................................................................29
7.4 Title Contingency..........................................................................31
7.5 Property Financial Statements..............................................................31
ARTICLE VIII Conditions to Closing...............................................................................32
8.1 Conditions to Obligations of Seller........................................................32
8.2 Conditions to Obligations of Buyer.........................................................33
{/TABLE}
{PAGE}
TABLE OF CONTENTS (CONT.)
{TABLE}
{CAPTION}
{S} {C}
ARTICLE IX Maintenance, Improvement and Leasing of the Property..................................................37
9.1 Maintenance and Improvement................................................................37
9.2 Leasing....................................................................................37
9.3 Service and Maintenance Contracts..........................................................40
9.4 Additional Covenants of Seller.............................................................40
9.5 Management Agreements......................................................................42
9.6 Estoppels and Consent and SNDAs............................................................42
9.7 Existing Debt..............................................................................42
ARTICLE X Representations and Warranties of Seller...............................................................42
10.1 Formation and Authority....................................................................43
10.2 No Conflict................................................................................44
10.3 Consents and Approvals.....................................................................45
10.4 Personal Property..........................................................................46
10.5 Litigation.................................................................................46
10.6 Compliance with Laws.......................................................................46
10.7 Taxes......................................................................................47
10.8 Real Property..............................................................................47
10.9 Environmental, Health and Safety Matters...................................................48
10.10 Insurance..................................................................................49
10.11 Material Contracts.........................................................................49
10.12 Rent Roll..................................................................................51
10.13 Knowledge..................................................................................52
10.14 Intentionally Omitted......................................................................52
10.15 Employment Matters.........................................................................52
10.16 Limitations on Representations and Warranties..............................................54
10.17 Schedules..................................................................................56
ARTICLE XI Representations and Warranties of Buyer...............................................................56
11.1 Formation and Authority....................................................................56
11.2 No Conflict................................................................................57
11.3 Consents and Approvals.....................................................................57
11.4 Litigation.................................................................................58
11.5 Knowledge of Buyer.........................................................................58
ARTICLE XII Broker...............................................................................................59
ARTICLE XIII Survival; Indemnification...........................................................................59
13.1 Survival of Warranties.....................................................................59
13.2 Indemnification by Seller..................................................................60
13.3 Indemnification by Buyer...................................................................61
13.4 Indemnity - General........................................................................62
13.5 Survival...................................................................................64
ARTICLE XIV Assignment...........................................................................................64
{/TABLE}
-ii-
{PAGE}
TABLE OF CONTENTS (CONT.)
{TABLE}
{CAPTION}
{S} {C}
ARTICLE XV Notices...............................................................................................65
ARTICLE XVI Expenses.............................................................................................67
ARTICLE XVII Casualty and Condemnation...........................................................................68
17.1 Casualty...................................................................................68
17.2 Condemnation...............................................................................68
17.3 Material Casualty or Condemnation..........................................................69
ARTICLE XVIII Like Kind Exchange.................................................................................69
18.1 Like Kind Exchange.........................................................................69
ARTICLE XIX Miscellaneous........................................................................................70
19.1 Successors and Assigns.....................................................................70
19.2 Gender.....................................................................................71
19.3 Captions...................................................................................71
19.4 Not Construed against Drafter..............................................................71
19.5 Entire Agreement...........................................................................71
19.6 Recording..................................................................................72
19.7 Time of Essence............................................................................72
19.8 Original Document..........................................................................72
19.9 Governing Law..............................................................................72
19.10 Post-Closing Inspection....................................................................73
19.11 Non Compete................................................................................73
19.12 Joint and Several Liability................................................................74
19.13 Other Closings.............................................................................74
ARTICLE XX Confidentiality.......................................................................................75
20.1 Confidentiality Agreement..................................................................75
20.2 Public Announcements.......................................................................75
ARTICLE XXI Further Undertakings.................................................................................76
21.1 Further Assurances.........................................................................76
{/TABLE}
-iii-
{PAGE}
TABLE OF CONTENTS (CONT.)
LIST OF EXHIBITS AND SCHEDULES
Exhibits Description
-------- -----------
Exhibit A-1 Description of Owned Land
Exhibit A-2 Description of Lease Land (NONE)
Exhibit B Assumed Debt Loan Documents (NONE)
Exhibit C Personal Property
Exhibit C-1 GE Capital Equipment
Exhibit D Excluded Personal Property
Exhibit E Due Diligence Documents and Information
Exhibit F Intentionally Omitted
Exhibit G Service Contracts
Exhibit H Permitted Encumbrances
Exhibit I Intentionally Omitted
Exhibit J COREA Estoppel
Exhibit K Intentionally Omitted
Exhibit L Transfer Tax Indemnity (NONE)
Exhibit M Guaranty by the Rouse Company L.P.
Exhibit N Guaranty by PREIT Associates, L.P.
Exhibit O Anchor Tenant Estoppels
Schedules Description
--------- -----------
Schedule 1.1A Intermediate Entities (NONE)
Schedule 1.1B Anchor Department Stores
Schedule 2.4 Liquor Licenses (NONE)
Schedule 3.4 Adjustments and Prorations
Schedule 5.1 Price Reduction Schedule
Schedule 6.1 Property Employees[Note: Not attached to Contract].
Schedule 8.2 Anchor Tenants
Schedule 10.1(c) Organizational Documents of Owner
Entities and Predecessors
Schedule 10.1(d) Lists Predecessor Entities (NONE)
Schedule 10.3(a) Government Consents - Seller
Schedule 10.3(b) Third Party Consents - Seller
Schedule 10.4 Leases of Personal Property to be assigned
Schedule 10.5 Litigation, Bankruptcies
Schedule 10.6 Compliance with Laws
Schedule 10.7 Taxes
Schedule 10.7(a) All Tax Returns Filed (NONE)
All Refunds due to Tenants or
COREA parties for prior years
Schedule 10.8(b) Condemnations
Schedule 10.9 Environmental Reports
-iv-
{PAGE}
TABLE OF CONTENTS (CONT.)
Schedule 10.10 Insurance in Place
Schedule 10.11(a) Material Contracts - COREAs
Schedule 10.11(b) Material Contracts - Developer Agreements
Schedule 10.11(c) Other Material Contracts
Schedule 10.11(d) Material Contract Exceptions
Schedule 10.12(a) Leases - Rent Roll
Schedule 10.12(b) Claimed Lessor Defaults
Schedule 10.12(c) Tenant Defaults
Schedule 10.12(d) Security Deposits/Construction Deposits
-v-
{PAGE}
AGREEMENT OF PURCHASE AND SALE
ECHELON MALL
THIS AGREEMENT OF PURCHASE AND SALE ("Agreement") is made and entered
into as of the 7th day of March, 2003, (the "Effective Date") by and between
ECHELON MALL JOINT VENTURE, a New Jersey joint venture ("EMJV") and ECHELON
ACQUISITION, LLC, a Maryland limited liability company ("Acquisition")
(collectively "Seller"), and PR ECHELON LIMITED PARTNERSHIP, a Pennsylvania
limited partnership ("Buyer").
W I T N E S S E T H:
WHEREAS, Seller is the owner of certain real property located in
Voorhees, New Jersey and known as Echelon Mall; and
WHEREAS, Seller desires to sell, convey, transfer and assign to Buyer,
and Buyer desires to purchase and acquire from Seller, all of the Property
Assets (hereinafter defined) pursuant to the terms hereof.
NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Seller and Buyer agree as follows:
-1-
{PAGE}
ARTICLE I
DEFINED TERMS
1.1 Certain Defined Terms.
As used in this Agreement, the following terms shall have the following
meanings:
"Access Agreement" means the Access Agreement dated January 31, 2003
between The Rouse Company, an Affiliate of Seller, and PREIT Associates, L.P.
"Additional Matters Objection" is defined in Section 7.3.
"Adjusted Purchase Price" is defined in Section 2.2.
"Affiliate" means, with respect to any specified Person, any other
Person that directly, or indirectly through one or more intermediaries,
controls, is controlled by or is under common control with such specified
Person.
"Affiliated Contracts" is defined in Section 19.13(a).
"Agreement" means this Agreement of Purchase and Sale, including,
without limitation, the Schedules and Exhibits hereto, as the same may be
amended pursuant to the terms hereof.
"Anchors" means the Anchor Tenants and Anchor Department Stores
collectively.
"Anchor Department Stores" means those department stores that are
adjacent to the Real Property and are identified on Schedule 1.1.B.
"Anchor Tenant" is defined in Section 8.2(a)(iv).
"Ancillary Agreements" means the agreements and documents to be
executed at Closing as specified in this Agreement.
130317
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Blank Rome
As referenced in this Agreement of Purchase and Sale:
Blank Rome – Floor
Philadelphia, PA 19102
Attn: George Rubin
Fax: (215) 546-0240
with a copy to:
Blank Rome LLP
One Logan Square
Philadelphia, PA 19103
Attn: G. Craig Lord
Fax: (215) 832-
dt 29623
;
PREIT
As referenced in this Agreement of Purchase and Sale:
Pennsylvania Real Estate Investment Trust – Section 19.13(a).
"Confidentiality Agreement" means those certain confidentiality
agreements dated May 30, 2002, January 2, 2003 and January 29, 2003 between
Pennsylvania Real Estate Investment Trust ("PREIT") and The Rouse Company.
-3-
{PAGE}
"Contract" means contract, agreement, lease, sublease, purchase or sale
order, license, permit, franchise, instrument, undertaking,
_____________
Pennsylvania Real Estate Investment Trust, – ECHELON LIMITED PARTNERSHIP,
a Pennsylvania limited partnership
By: PR ECHELON LLC, its general partner
By: PREIT Associates, L.P., its sole member
By: Pennsylvania Real Estate Investment Trust,
its general partner
By: /s/ Jeffrey A. Linn
------------------------
Jeffrey A. Linn
Executive Vice President
{/TEXT}
{/DOCUMENT}
_____________
dt 110038
;
Rouse
As referenced in this Agreement of Purchase and Sale:
Rouse Co – Exhibit I Intentionally Omitted
Exhibit J COREA Estoppel
Exhibit K Intentionally Omitted
Exhibit L Transfer Tax Indemnity (NONE)
Exhibit M Guaranty by the Rouse Co mpany L.P.
Exhibit N Guaranty by PREIT Associates, L.P.
Exhibit O Anchor Tenant Estoppels
Schedules Description
--------- -----------
Schedule 1.1A Intermediate Entities (
_____________
Rouse Co – in this Agreement, the following terms shall have the following
meanings:
"Access Agreement" means the Access Agreement dated January 31, 2003
between The Rouse Co mpany, an Affiliate of Seller, and PREIT Associates, L.P.
"Additional Matters Objection" is defined in Section 7.3.
"Adjusted Purchase Price" is
_____________
Rouse Co – certain confidentiality
agreements dated May 30, 2002, January 2, 2003 and January 29, 2003 between
Pennsylvania Real Estate Investment Trust ("PREIT") and The Rouse Co mpany.
-3-
{PAGE}
"Contract" means contract, agreement, lease, sublease, purchase or sale
order, license, permit, franchise, instrument, undertaking, commitment and other
binding arrangement.
"
_____________
Rouse Co – complete.
(xviii) Intentionally Omitted.
(xix) Guaranty Agreement. A Guaranty Agreement, in the form of
that attached as Exhibit M, duly executed by The Rouse Co mpany L.P.
-21-
{PAGE}
(xx) Other Documents and Deliveries. Such other documents or
instruments as may be reasonably required by Buyer or
_____________
Rouse Co – before
March 31, 2003, that Seller shall either (1) reduce the Purchase Price by the
estimated remediation cost, or (2) together with The Rouse Co mpany, L.P. agree
with Buyer and Buyer's lenders (A) to pay for the remediation if, as and when it
is performed,
_____________
dt 109409
;
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Piper Rudnick
As referenced in this Agreement of Purchase and Sale:
Piper Rudnick – the
transaction contemplated by this Agreement (the "Closing") shall take place at
the offices of Piper Rudnick LLP located at 6225 Smith Avenue, Baltimore,
Maryland 21209, at 10:00 a.m.,
dt 33198
;
Echelon Mall Joint Venture;
More... |