Contents – Page ii
1.
Definitions and interpretations ..................................................................................1
1.1
Definitions
.....................................................................................................1
1.2
Interpretation
.................................................................................................14
1.3
Business Day ...............................................................................................14
2.
Agreement to proceed with
Scheme....................................................................... 14
3.
Announcement and recommendation
.................................................................... 15
4.
Conditions precedent................................................................................................ 15
4.1
Conditions ....................................................................................................15
4.2
Benefit and waiver of Conditions Precedent
...............................................17
4.3
Conditions Precedent Not Met .....................................................................18
4.4
Notifications and Assistance
.......................................................................19
5.
Subscription option................................................................................................... 19
6.
Scheme....................................................................................................................... 20
6.1
Scheme ........................................................................................................20
6.2
Scheme Consideration
................................................................................20
6.3
Allotment and issue of New Intrepid Shares ................................................21
6.4
No other Conditions .....................................................................................22
7.
Implementation
........................................................................................................ 22
7.1
Emperor's obligations...................................................................................22
7.2
Intrepid's obligations.....................................................................................24
7.3
Implementation steps
..................................................................................27
7.4
Appeal process ............................................................................................27
7.5
Emperor Board post
Implementation...........................................................27
7.6
Preparation for Conduct of Business after Implementation Date
...............27
8.
No Solicitation
.......................................................................................................... 27
8.1
No-Shop restriction ......................................................................................27
8.2
No talk/ due diligence...................................................................................28
8.3
Notification ...................................................................................................28
8.4
Right to respond...........................................................................................28
8.5
Exceptions....................................................................................................29
8.6
Limitation on No Talk ...................................................................................29
9.
Termination
............................................................................................................... 29
9.1
Termination by
Emperor..............................................................................29
9.2
Termination by Intrepid ................................................................................30
9.3
Preservation of Rights .................................................................................30
10.
Warranties and Indemnities...................................................................................... 31
10.1
Intrepid representations and warranties ......................................................31
10.2
Emperor representations and warranties
....................................................32
10.3
Reliance on representations and warranties
...............................................33
10.4
When warranties are given...........................................................................33
10.5
Indemnity by Emperor ..................................................................................34
10.6
Indemnity by Intrepid
....................................................................................34
10.7
Release ........................................................................................................34
11.
GST...............................................................................................................................34