SEC Info - Digimarc Corp - 8-K - For 3/23/08

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ARTICLE I	THE MERGER	1

SECTION 1.1	The Merger	1

SECTION 1.2	Closing	2

SECTION 1.3	Effective Time	2

SECTION 1.4	Effects of the Merger	2

SECTION 1.5	Certificate of Incorporation and Bylaws of the Surviving Corporation	2

SECTION 1.6	Directors and Officers of the Surviving Corporation	2

ARTICLE II	EFFECT OF THE MERGER ON CAPITAL STOCK; EXCHANGE OF CERTIFICATES; COMPANY STOCK OPTIONS	3

SECTION 2.1	Effect on Capital Stock	3

SECTION 2.2	Exchange of Certificates	5

SECTION 2.3	Company Stock Options; Company Restricted Stock; Employee Stock Purchase Plan	7

SECTION 2.4	Appraisal Rights	8

ARTICLE III	REPRESENTATIONS AND WARRANTIES OF THE COMPANY	9

SECTION 3.1	Organization, Standing and Corporate Power	9

SECTION 3.2	Capitalization	9

SECTION 3.3	Authority; Noncontravention; Voting Requirements	11

SECTION 3.4	Governmental Approvals	12

SECTION 3.5	Company SEC Documents; Undisclosed Liabilities	12

SECTION 3.6	Absence of Certain Changes or Events	15

SECTION 3.7	Legal Proceedings	15

SECTION 3.8	Compliance With Laws; Permits	15

SECTION 3.9	Information Supplied	15

SECTION 3.10	Tax Matters	16

SECTION 3.11	Employee Benefits and Labor Matters	18

SECTION 3.12	Environmental Matters	20

SECTION 3.13	Contracts	22

SECTION 3.14	Government Contracts	24

SECTION 3.15	Properties	26

SECTION 3.16	Intellectual Property	26

SECTION 3.17	Insurance; Claims; Warranties	30

SECTION 3.18	Affiliate Transactions	31

SECTION 3.19	Opinion of Financial Advisor	31

SECTION 3.20	Brokers and Other Advisors	31

SECTION 3.21	State Takeover Statutes	31

SECTION 3.22	Export Controls	32

SECTION 3.23	Material Customers and Suppliers	32

SECTION 3.24	Foreign Corrupt Practices	32

SECTION 3.25	Rights Plan	32

ARTICLE IV	REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB	33

SECTION 4.1	Organization, Standing and Corporate Power	33

SECTION 4.2	Capital Structure	33

SECTION 4.3	Authority; Noncontravention	34

SECTION 4.4	Governmental Approvals	34

SECTION 4.5	Parent SEC Documents; Undisclosed Liabilities	35

SECTION 4.6	Information Supplied	37

SECTION 4.7	Ownership and Operations of Merger Sub	37

SECTION 4.8	Brokers and Other Advisors	37

SECTION 4.9	Absence of Certain Changes or Events	38

SECTION 4.10	Legal Proceedings	38

SECTION 4.11	Compliance With Laws; Permits	38

SECTION 4.12	Sufficient Funds	38

SECTION 4.13	No Vote Required	38

SECTION 4.14	Ownership of Shares	38

SECTION 4.15	Material Customers and Suppliers	39

SECTION 4.16	Export Controls	39

ARTICLE V	ADDITIONAL COVENANTS AND AGREEMENTS	39

SECTION 5.1	Preparation of the Form S-4, the Form 10 and the Proxy Statement; Stockholder Meeting	39

SECTION 5.2	Company Conduct of Business	40

SECTION 5.3	Parent Conduct of Business	44

SECTION 5.4	No Solicitation	45

SECTION 5.5	Reasonable Best Efforts	48

SECTION 5.6	Public Announcements	49

SECTION 5.7	Access to Information; Confidentiality	49

SECTION 5.8	Notification of Certain Matters	50

SECTION 5.9	Securityholder Litigation	50

SECTION 5.10	Fees and Expenses	51

SECTION 5.11	Spin-Off	51

SECTION 5.12	Rule 16b-3	51

SECTION 5.13	Employee Benefits and Labor Matters	51

SECTION 5.14	Indemnification, Exculpation and Insurance	53

SECTION 5.15	Resignation of Directors and Officers	54

SECTION 5.16	NYSE Listing	54

SECTION 5.17	Rights Plan	54

ARTICLE VI	CONDITIONS PRECEDENT	54

SECTION 6.1	Conditions to Each Party’s Obligation to Effect the Merger	54

SECTION 6.2	Conditions to Obligations of Parent and Merger Sub	55

SECTION 6.3	Conditions to Obligation of the Company	56

SECTION 6.4	Frustration of Closing Conditions	57

ARTICLE VII	TERMINATION	57

SECTION 7.1	Termination	57

SECTION 7.2	Effect of Termination	59

SECTION 7.3	Termination Fee	59

ARTICLE VIII	MISCELLANEOUS	61

SECTION 8.1	No Survival	61

SECTION 8.2	Amendment or Supplement	61

SECTION 8.3	Extension of Time; Waiver	62

SECTION 8.4	Assignment	62

SECTION 8.5	Counterparts	62

SECTION 8.6	Entire Agreement; No Third-Party Beneficiaries	62

SECTION 8.7	Governing Law; Jurisdiction; Waiver of Jury Trial

Digimarc Corp · 8-K · For 3/23/08 · EX-2.1