Common Stock Purchase Agreement股票购买合同

-37-CommonStockPurchaseAgreement股票购买合同核心提示：Datedasof_________,_________,_________(M,D,Y)BetweenAAAINC.andBBBCOPORATIONCOMMONSTOCKPURCHASEAGREEMENTThisCOMMONSTOCKPURCHASEAGREEMENT(thisAgreement)ismadeasofthis_________dayof_________,_________(M,Y)betweenAAAInc.Datedasof_________,_________,_________(M,D,Y)BetweenAAAINC.andBBBCOPORATIONCOMMONSTOCKPURCHASEAGREEMENTThisCOMMONSTOCKPURCHASEAGREEMENT(thisAgreement)ismadeasofthis_________dayof_________,_________(M,Y)betweenAAAInc.,a_________corporation(theCompany),andBBBCorporation,a_________corporation(thePurchaser).RECITALSWHEREAS,theCompanydesirestoselltothePurchaser,andthePurchaserdesirestopurchasefromtheCompany,sharesoftheCompany’sCommonStock,$,_________parvaluepershare(theCommonStock),onthetermsandconditionssetforthinthisAgreement;NOW,THEREFORE,inconsiderationoftheforegoingrecitals,themutualpromiseshereinaftersetforth,andothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesheretoagreeasfollows:SECTION1AgreementtoPurchaseandSellCommonStock1.1AgreementtoPurchaseandSellCommonStock.UponthetermsandsubjecttotheconditionsofthisAgreement,theCompanyherebyagreestoselltothePurchaserattheClosing(asdefinedbelow),andthePurchaseragreestopurchasefromtheCompanyattheClosing,_________sharesofCommonStock,(theShares)atapriceof$,_________pershare(thePerSharePurchasePrice)foranaggregatepurchasepriceof$,_________.SECTION2ClosingDate;Delivery2.1ClosingDate.TheClosingofthepurchaseandsaleoftheShareshereunder(theClosing)shallbeheldattheofficesoftheCompanyat_________a.m.on_________,_________,_________(M,D,Y),,oratsuchothertimeandplaceastheCompanyandthePurchasermutuallyagree(thedateoftheClosingbeinghereinafterreferredtoastheClosingDate).2.2Delivery.AttheClosing,theCompanywilldelivertothePurchaseracertificateorcertificatesrepresentingtheSharesagainstpaymentoftheaggregatepurchasepriceof$,_________bywiretransferofimmediatelyavailablefundstoanaccountdesignatedbytheCompany.ThecertificateorcertificatesrepresentingtheSharesshallbesubjecttoalegendrestrictingtransferundertheSecuritiesActof1933,asamended(theSecuritiesAct)andreferringtorestrictionsontransferherein,suchlegendtobesubstantiallyasfollows:ThesharesrepresentedbythiscertificatehavebeenacquiredforinvestmentandhavenotbeenregisteredundertheSecuritiesActof1933,asamended.SuchsharesmaynotbesoldortransferredintheabsenceofsuchregistrationoranopinionofcounselreasonablysatisfactorytotheCompanyastotheavailabilityofanexemptionfromregistration.Thesharesrepresentedbythiscertificatearesubjecttorestrictionsontransfer,includinganysale,pledgeorotherhypothecation,setforthinanagreementdatedasof_________,_________,_________(M,D,Y),betweentheCompanyandBBBCorporation,acopyofwhichagreementmaybeobtainedatnocostbywrittenrequestmadebytheholderofrecordofthiscertificatetothesecretaryoftheCompanyattheCompany’sprincipalexecutiveoffices.TheCompanyagrees(i)toremovethelegendsetforthinthesecondprecedingparagraphuponreceiptofanopinionofcounselinformandsubstancereasonablysatisfactorytotheCompanythattheSharesorthesharesofCommonStockissuableuponconversionoftheSharesareeligiblefortransferwithoutregistrationundertheSecuritiesActand(ii)toremovethelegendsetforthintheimmediatelyprecedingparagraphatsuchtimeastheSharesmaybetransferredupontheterminationofthecovenantsofSection7asprovidedforinSection8.4.SECTION3RepresentationsandWarrantiesoftheCompanyTheCompanyherebyrepresentsandwarrantstothePurchaserasfollows:3.1Organization.TheCompanyisacorporationdulyorganizedandvalidlyexistingunderthelawsoftheStateof_________andisingoodstandingundersuchlaws.TheCompanyhastherequisitecorporatepowertoownandoperateitspropertiesandassets,andtocarryonitsbusinessaspresentlyconductedandasproposedtobeconducted.TheCompanyisqualifiedtodobusinessasaforeigncorporationineachjurisdictioninwhichtheownershipofitspropertyorthenatureofitsbusinessrequiressuchqualification,exceptwherethefailuretobesoqualifiedwouldnothaveamateriallyadverseeffectontheCompanyanditssubsidiaries,takenasawhole.3.2Authorization.AllcorporateactiononthepartoftheCompanynecessaryfortheauthorization,execution,deliveryandperformanceofthisAgreementandtheRegistrationRightsAgreement(attachedasExhibitAhereto)bytheCompany,theauthorization,sale,issuanceanddeliveryoftheShareshereunder.ThisAgreementandtheRegistrationRightsAgreementconstitutelegal,validandbindingobligationsoftheCompanyenforceableinaccordancewiththeirrespectiveterms,subjecttolawsofgeneralapplicationrelatingtobankruptcy,insolvencyandthereliefofdebtorsandrulesoflawgoverningspecificperformance,injunctiverelieforotherequitableremedies,andtolimitationsofpublicpolicyastheymayapplytoSection6oftheRegistrationRightsAgreement.UpontheirissuanceanddeliverypursuanttothisAgreement,theShareswillbevalidlyissued,fullypaidandnonassessable.TheissuanceandsaleoftheShareswillnotgiverisetoanypreemptiverightsorrightsoffirstrefusalonbehalfofanypersoninexistenceonthedatehereof.3.3NoConflict.TheexecutionanddeliveryofthisAgreementandtheRegistrationRightsAgreementdonot,andtheconsummationofthetransactionscontemplatedherebyandtherebywillnot,conflictwith,orresultinanyviolationof,ordefault(withorwithoutnoticeorlapseoftime,orboth),orgiverisetoarightoftermination,cancellationoraccelerationofanyobligationortoalossofamaterialbenefitunder,anyprovisionoftheCertificateofIncorporationorBylawsoftheCompanyoranymortgage,indenture,leaseorotheragreementorinstrument,permit,concession,franchise,license,judgment,order,decree,statute,law,ordinance,ruleorregulationapplicabletotheCompany,itspropertiesorassets,theeffectofwhichwouldhaveamaterialadverseeffectontheCompanyanditssubsidiaries,takenasawhole,ormateriallyimpairorrestricttheCompany’spowertoperformitsobligationsascontemplatedundersaidagreements.3.4SECDocuments.TheCompanyhasfiledallrequiredreports,schedules,forms,statementsandotherdocumentsrequiredtobefiledbytheCompanywiththeSecuritiesandExchangeCommission(theSEC)since_________,_________,_________(M,D,Y),(theSECDocuments).Asoftheirrespectivedates,theSECDocumentscompliedinallmaterialrespectswithrequirementsoftheSecuritiesActortheSecuritiesExchangeActof1934,asamended(theExchangeAct),asthecasemaybeandtherulesandregulationsoftheSECpromulgatedthereunderapplicabletosuchSECDocuments,andnoneoftheSECDocuments,excepttotheextentthatinformationcontainedinanySECDocumenthasbeenrevisedorsupersededbyalaterFiledSECDocument(asdefinedbelow),containedanyuntruestatementofamaterialfactoromittedtostateamaterialfactrequiredtobestatedthereinornecessaryinordertomakethestatementstherein,inlightofthecircumstancesunderwhichtheyweremade,notmisleading.ThefinancialstatementsoftheCompanyincludedintheCompany’sForm10-Kfortheyearended_________,_________,_________(M,D,Y),andtheForm10-Qforthethreemonthsended_________,_________,_________(M,D,Y),complyastoforminallmaterialrespectswithapplicableaccountingrequirementsandthepublishedrulesandregulationsoftheSECwithrespectthereto,havebeenpreparedinaccordancewithU.S.generallyacceptedaccountingprinciples(GAAP)(except,inthecaseofunauditedstatementsaspermittedbyForm10-QoftheSEC)appliedonaconsistentbasisduringtheperiodsinvolved(exceptasmaybeindicatedinthenotestheretoorasdescribedinwritingtothePurchaserpriortothedatehereof)andfairlypresenttheconsolidatedfinancialpositionoftheCompanyanditsconsolidatedsubsidiariesasofthedatesthereofandtheconsolidatedresultsoftheiroperationandcashflowsfortheperiodsthenendinginaccordancewithGAAP(subject,inthecaseoftheunauditedstatements,tonormalyearendauditadjustments).ExceptassetforthintheFiledSECDocuments(asdefinedbelow),neithertheCompanynoranyofitssubsidiarieshasanymaterialliabilitiesorobligationsofanynature(whetheraccrued,absolute,contingentorotherwise)requiredbyGAAPtobesetforthonaconsolidatedbalancesheetoftheCompanyanditsconsolidatedsubsidiariesorinthenotestheretoandwhichcanreasonablybeexpectedtohaveamaterialadverseeffectontheCompanyanditssubsidiariestakenasawhole.3.5AbsenceofCertainChangesorEvents.ExceptasdisclosedintheSECDocumentsfiledandpubliclyavailable(eitherontheEDGARsystemorbydeliverytoPurchaser)priortothedateofthisAgreement(theFiledSECDocuments),sincethedateofthemostrecentauditedfinancialstatementsincludedintheFiledSECDocuments,therehasnotbeen(i)anydeclaration,settingasideorpaymentofanydividendordistribution(whetherincash,stockorproperty)withrespecttoanyoftheCompany’scapitalstock,(ii)anysplit,combinationorreclassificationofanyofitscapitalstockoranyissuanceortheauthorizationofanyissuanceofanyothersecuritiesinrespectof,inlieuoforinsubstitutionforsharesofitscapitalstock,(iii)anydamage,destructionorlossofproperty,whetherornotcoveredbyinsurance,thathasorislikelytohaveamaterialadverseeffectontheCompanyanditssubsidiariestakenasawhole,or(iv)anychangeinaccountingmethods,principlesorpracticesbytheCompanymateriallyaffectingitsassets,liabilities,orbusiness,exceptinsofarasmayhavebeenrequiredbyachangeinGAAP.3.6GovernmentalConsent,etc.InrelianceontherepresentationsofthePurchasercontainedherein,noconsent,approvalorauthorizationof,ordesignation,declarationorfilingwith,anygovernmentalauthorityonthepartoftheCompanyisrequiredinconnectionwiththevalidexecutionanddeliveryofthisAgreement,ortheoffer,saleorissuanceoftheShares,ortheconsummationofanyothertransactioncontemplatedhereby,exceptsuchfilingsasmayberequiredtobemadewiththeSECandtheNationalAssociationofSecuritiesDealers,Inc.3.7Litigation.ExceptasisdisclosedintheFiledSECDocuments,thereisnosuit,actionorproceedingpendingagainsttheCompanyoranyofitssubsidiariesthat,individuallyorintheaggregate,would(i)haveamaterialadverseeffectontheCompanyanditssubsidiariestakenasawhole,(ii)impairtheabilityoftheCompanytoperformitsobligationsunderthisAgreementandtheRegistrationRightsAgreement,or(iii)preventtheconsummationofanyofthetransactionscontemplatedbysaidagreements.3.8Capitalization.(a)AsofthedateofthisAgreement,theauthorizedcapitalstockoftheCompanyconsistsof_________sharesoftheCommonStockand_________sharesofpreferredstock,parvalue$,_________pershare,oftheCompany(theCompanyPreferredStock).(b)Asof_________,_________,_________(M,D,Y),thereareapproximately(1)_________sharesoftheCommonStockissuedandoutstanding,(2)nosharesoftheCommonStockheldinthetreasuryoftheCompany,(3)nosharesoftheCompanyPreferredStockissuedandoutstanding,(4)_________sharesoftheCommonStockreservedforissuanceuponexerciseofoutstandingstockoptionsissuedbytheCompanytocurrentorformeremployeesanddirectorsoftheCompanyanditssubsidiaries,(5)_________$sharesoftheCommonStockreservedforissuanceuponexerciseofauthorizedbutunissuedstockoptionsand(6)_________sharesoftheCommonStockreservedforissuanceuponexerciseofawarrantissuedtoTheAnshutzFamilyInvestmentCompany,LLC.(c)AlloutstandingsharesoftheCommonStockaredulyauthorized,validlyissued,fullypaidandnonassessable,freefromanylienscreatedbytheCompanywithrespecttotheissuanceanddeliverythereofandnotsubjecttopreemptiverights.3.9RegistrationRights.NopersonhastherighttoregistersharesofCommonStockonaRegistrationStatementfiledbytheCompanypursuanttothisAgreement.SECTION4RepresentationsandWarrantiesofthePurchaserThePurchaserherebyrepresentsandwarrantstotheCompanyasfollows:4.1Organization.ThePurchaserisacorporationdulyorganizedandvalidlyexistingandingoodstandingunderthelawsoftheStateof_________,withallrequisitecorporatepowerandauthoritytoown,leaseandoperateitspropertiesandtoconductitsbusinessasnowbeingconducted.4.2Authority.AllcorporateactiononthepartofthePurchasernecessaryfortheauthorization,execution,deliveryandperformanceofthisAgreementandtheRegistrationRightsAgreementbythePurchaserhasbeentaken.ThisAgreementandtheRegistrationRightsAgreementhavebeendulyexecutedanddeliveredbythePurchaserandconstitutelegal,validandbindingobligationsofthePurchaser,enforceableinaccordancewiththeirrespectiveterms,subjecttolawsofgeneralapplicationrelatingtobankruptcy,insolvencyandthereliefofdebtorsandrulesoflawgoverningspecificperformance,injunctiverelieforotherequitableremedies,andtolimitationsofpublicpolicyastheymayapplytoSection6oftheRegistrationRightsAgreement.Theexecutionanddeliveryofsaidagreementsdonot,andtheconsummationofthetransactionscontemplatedherebyandtherebywillnot,conflictwithorresultinanyviolationofanyobligationunderanyprovisionoftheArticlesofIncorporationorBylawsofthePurchaseroranyjudgment,order,decree,statute,law,ordinance,ruleorregulationapplicabletothePurchaser.4.3Investment.ThePurchaserisacquiringtheSharesforinvestmentforitsownaccount,notasanomineeoragent,andnotwithaviewto,orforresaleinconnectionwith,anydistributionthereof.ThePurchaserunderstandsthattheShareshavenotbeenregisteredundertheSecuritiesActbyreasonofaspecificexemptionfromtheregistrationprovisionsoftheSecuritiesActwhichdependsupon,amongotherthings,thebonafidenatureoftheinvestmentintentandtheaccuracyofthePurchaser’srepresentationsandwarrantiescontainedherein.4.4DisclosureofInformation.ThePurchaserhashadfullaccesstoallinformationitconsidersnecessaryorappropriatetomakeaninformedinvestmentdecisionwithrespecttotheSharestobepurchasedbythePurchaserunderthisAgreement.ThePurchaserfurtherhashadanopportunitytoaskquestionsandreceiveanswersfromtheCompanyregardingthetermsandconditionsoftheofferingoftheSharesandtoobtainadditionalinformationnecessarytoverifyanyinformationfurnishedtothePurchaserortowhichthePurchaserhadaccess.4.5InvestmentExperience.ThePurchaserunderstandsthatthepurchaseoftheSharesinvolvessubstantialrisk.ThePurchaserhasexperienceasaninvestorinsecuritiesofcompaniesandacknowledgesthatitisabletofendforitself,canbeartheeconomicriskofitsinvestmentintheSharesandhassuchknowledgeandexperienceinfinancialorbusinessmattersthatitiscapableofevaluatingthemeritsandrisksofthisinvestmentintheSharesandprotectingitsowninterestsinconnectionwiththisinvestment.4.6AccreditedInvestorStatus.ThePurchaserisanaccreditedinvestorwithinthemeaningofRegulationDpromulgatedundertheSecuritiesAct.4.7RestrictedSecurities.ThePurchaserunderstandsthattheSharestobepurchasedbythePurchaserhereunderarecharacterizedasrestrictedsecuritiesundertheSecuritiesActinasmuchastheyarebeingacquiredfromtheCompanyinatransactionnotinvolvingapublicofferingandthatundertheSecuritiesActandapplicableregulationsthereundersuchsecuritiesmayberesoldwithoutregistrationundertheSecuritiesActonlyincertainlimitedcircumstances.ThePurchaserisfamiliarwithRule144oftheSecuritiesAct,aspresentlyineffect,andunderstandstheresalelimitationsimposedtherebyandbytheSecuritiesAct.ThePurchaserunderstandsthattheCompanyisundernoobligationtoregisteranyoftheSharessoldhereunderexceptasprovidedintheRegistrationRightsAgreement.4.8GovernmentalConsent,etc.InrelianceontherepresentationsoftheCompanycontainedherein,noconsent,approvalorauthorizationof,ordesignation,declarationorfilingwith,anygovernmentalauthorityonthepartofthePurchaserisrequiredinconnectionwiththevalidexecutionanddeliveryofthisAgreement,ortheoffer,saleorissuanceoftheShares,ortheconsummationofanyothertransactioncontemplatedhereby,exceptsuchfilingsasmayberequiredtobemadewiththeSECandtheNationalAssociationofSecuritiesDealers,Inc.4.9PassiveInvestor.ThePurchaserisacquiringtheSharessolelyforthepurposeofinvestmentassuchphraseisdefinedin16C.F.R.ss.801.1(i)(1)andthePurchaserhasnointentionofparticipatingintheformulation,determinationordirectionofthebasicbusinessdecisionsoftheCompany.SECTION5ConditionstoObligationofthePurchaserThePurchaser’sobligationtopurchasetheSharesattheClosingissubjecttothefulfillmentonorpriortotheClosingDateofthefollowingconditions:5.1RepresentationsandWarranties.EachoftherepresentationsandwarrantiesoftheCompanycontainedinSection3willbetrueandcorrectonandasofthedatehereofandonandasoftheClosingDatewiththesameeffectasthoughsuchrepresentationsandwarrantieshadbeenmadeasoftheClosingDate.ThePurchasershallhavereceivedacertificatesignedbyanofficeroftheCompanytosucheffectontheClosingDate.5.2Covenants.Allcovenants,agreementsandconditionscontainedinthisAgreementtobeperformedbytheCompanyonorpriortotheClosingDateshallhavebeenperformedorcompliedwithinallmaterialrespects.ThePurchasershallhavereceivedacertificatesignedbyanofficeroftheCompanytosucheffectontheClosingDate.5.3NoOrderPending.ThereshallnotthenbeineffectanyorderenjoiningorrestrainingthetransactionscontemplatedbythisAgreement.5.4NoLawProhibitingorRestrictingSaleoftheShares.Thereshallnotbeineffectanylaw,ruleorregulationprohibitingorrestrictingthesaleoftheShares,orrequiringanyconsentorapprovalofanyPersonwhichshallnothavebeenobtainedtoissuetheShareswithfullbenefitsaffordedthePreferredStockortheCommonStockintowhichthePreferredStockisconvertible(exceptasotherwiseprovidedinthisAgreement).5.5RegistrationRightsAgreement.TheCompanyshallhaveexecutedanddeliveredtheRegistrationRightsAgreementsubstantiallyintheformattachedheretoasExhibitA.5.6OpinionofCounsel.ThePurchasershallhavereceivedanopiniondatedasoftheClosingDateofO’MelvenyMyersLLP,counseltotheCompany,substantiallyintheformattachedasExhibit5.6.SECTION6ConditionstoObligationoftheCompanyTheCompany’sobligationtosellandissuetheSharesattheClosingissubjecttothefulfillmentonorpriortotheClosingDateofthefollowingconditions:6.1RepresentationsandWarranties.TherepresentationsandwarrantiesofthePurchasercontainedinSection4willbetrueandcorrectonandasofthedatehereofandonandasoftheClosingDatewiththesameeffectasthoughsuchrepresentationsandwarrantieshadbeenmadeasoftheClosingDate.TheCompanyshallhavereceivedacertificatesignedonbehalfofthePurchaserbyanofficerofthePurchasertosucheffectontheClosingDate.6.2Covenants.Allcovenants,agreementsandconditionscontainedinthisAgreementtobeperformedbythePurchaseronorpriortotheClosingDateshallhavebeenperformedorcompliedwithinallmaterialrespects.TheCompanyshallhavereceivedacertificatesignedonbehalfofthePurchaserbyanofficerofthePurchasertosucheffectontheClosingDate.6.3NoOrderPending.ThereshallnotthenbeineffectanyorderenjoiningorrestrainingthetransactionscontemplatedbythisAgreement.6.4NoLawProhibitingorRestrictingtheSaleoftheShares.Thereshallnotbeineffectanylaw,ruleorregulationprohibitingorrestrictingthesaleoftheShares,orrequiringanyconsentorapprovalofanyPersonwhichshallnothavebeenobtainedtoissuetheShareswithfullbenefitsaffordedtheCommonStock(exceptasotherwiseprovidedinthisAgreement).6.5RegistrationRightsAgreement.ThePurchasershallhaveexecutedanddeliveredtheRegistrationRightsAgreementsubstantiallyintheformattachedheretoasExhibitA.6.6OpinionofCounsel.TheCompanyshallhavereceivedanopiniondatedasoftheClosingDateofPrestonGatesEllis,counseltothePurchaser,substantiallyintheformattachedasExhibit6.6.SECTION7CovenantsofthePurchaser7.1PurchaseRestrictions.(a)OtherthanpursuanttothetransactionscontemplatedbythisAgreement,thePurchasershallnot,andshallnotcauseorpermititsaffiliatesoranyGroup(asdefinedbelow)includingthePurchaseroranyofitsaffiliatesto,acquiresharesoftheCommonStock,whichwhencombinedwithsharesoftheCommonStockthenownedbythePurchaseranditssubsidiarieswouldresultinthePurchaserBeneficiallyOwning(asdefinedbelow)morethan5%ofthesharesoftheCommonStockthenissuedandoutstanding,exceptpursuanttoatransactionorseriesoftransactionsatpricesandontermsapprovedbytheBoardofDirectorsoftheCompany.(b)NothinginthisSection7.1shallrequirethePurchaseroritssubsidiariestotransferanysharesofCommonStockiftheaggregatepercentageownershipofthePurchaseranditssubsidiariesisincreasedasaresultofanyactiontakenbytheCompanyoritssubsidiariesincluding,withoutlimitation,byreasonofanyreclassification,recapitalization,stocksplit,reversestocksplit,combinationorexchangeofshares,redemption,repurchaseorcancellationofsharesoranyothersimilartransaction.7.2OtherRestrictions.NeitherthePurchasernoranyofitssubsidiariesshall,withouttheapprovaloftheBoardofDirectorsoftheCompany,(1)takeanyactionwithrespecttoanacquisitionproposalthatwouldrequiretheCompanytomakeapublicannouncement,(2)solicitproxiesorinitiate,orbecomeanactiveparticipantin,asolicitation(assuchtermsaredefinedinRegulation14AundertheExchangeAct)withrespecttotheCompanyinoppositiontoanymatterwhichhasbeenrecommendedbytheBoardofDirectorsoftheCompanyorinfavorofanymatterwhichhasnotbeenapprovedbytheBoardofDirectorsoftheCompany,(3)becomeamemberofaGroup(otherthanaGroupcomprisedsolelyofthePurchaseranditssubsidiaries),or(4)enterintoanydiscussions,negotiations,arrangementsorunderstandingswithanythirdpartywithrespecttoanyoftheforegoing.7.3RestrictionsonTransferofShares.ForaperiodoftwoyearsfromthedateofthisAgreement,thePurchasershallnot,directlyorindirectly,offer,sell,transfer,assign,exchange,encumber,pledge,hypothecateorotherwisedisposeoftheBeneficialOwnershipofanySharesacquiredpursuanttothisAgreementexcept(i)totheCompanyoranypersonsorGroupsapprovedinwritingbytheCompany,or(ii)toacorporationofwhichthePurchaserownsmorethan50%ofthevotingpowerentitledtobecastintheelectionofdirectors(aControlledCorporation),solongassuchControlledCorporationagreestoholdsuchSharessubjecttoalltheprovisionsofthisAgreement,includingthisSection7.3,andagreestotransfersuchSharestothePurchaseroranotherControlledCorporationofthePurchaserifitceasestobeaControlledCorporationofthePurchaser.TherestrictionsinthisSectionshallterminateintheeventofaChangeorControlorInsolvencyProceeding.SECTION8Miscellaneous8.1CertainDefinitions.AsusedinthisAgreement:(a)ThetermBeneficialOwnershipshallhavethemeaningcomprehendedbySection13(d)(3)oftheExchangeActandtherulesandregulationspromulgatedthereunder.(b)ThetermChangeofControlshallmean(i)anacquisitionofVotingStockbyaPersonorGroup(otherthantheCompanyoritsaffiliates)inapurchaseortransactionorseriesofrelatedpurchasesortransactionsifimmediatelythereaftersuchPersonorGrouphasBeneficialOwnershipofmorethanfiftypercent(50%)ofthecombinedvotingpoweroftheCompany’sthenoutstandingVotingStock;(ii)theexecutionofanagreementprovidingforatenderoffer,merger,consolidationorreorganization,orseriesofsuchrelatedtransactionsinvolvingtheCompany,unlessthestockholdersoftheCompany,immediatelyaftersuchtransactionortransactionsaretheBeneficialOwnersofatleastfiftypercent(50%)oftheVotingStock;(iii)achangeorchangesinthemembershipoftheCompany’sBoardofDirectorswhichrepresentachangeofamajorityormoreofsuchmembershipduringanytwelvemonthperiod(unlesssuchchangeorchangesinmembershiparecausedbytheactionsofthethenexistingBoardofDirectorsanddonotoccurwithintwelvemonthsofthecommencement,threatorproposalofanElectionContest(assuchtermisdefinedinRule14a-11ofRegulation14AundertheExchangeAct),tenderofferorothertransactionwhichwouldconstituteaChangeofControlunder(i)or(ii)ofthisSection8.1(a));or(iv)asaleofallorsubstantiallyalloftheCompany’sassets.(c)ThetermGroupshallhavethemeaningcomprehendedbySection13(d)(3)oftheExchangeActandtherulesandregulationspromulgatedthereunder.(d)ThetermInsolvencyProceedingshallmean(i)anassignmentforth