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Covenants and Additional Agreements


1.      Perform Actions (Consents, Approvals and Filings)
1.1.     Best Efforts
1.2.     Cooperation
1.3.     Consents and Approvals
1.4.     Stockholder Meeting (Approval)
1.5.     Third Party Consents
1.6.     Regulatory Filings
1.7.     Governmental Approval
1.8.     Securities-Related
1.9.     Listing Approvals
1.10. Exclusive Rights
1.11. Fees and Expenses
1.12. Assistance

2.      Information and Notification
2.1.     Access to Information
2.2.     Public Announcements
2.3.     General Information Obligation
2.4.     Financial Statements
2.5.     Information Regarding Collateral
2.6.     Title Information
2.7.     Casualty and Condemnation
2.9.     Notice of Default
2.10. Notice of Litigation
2.11. ERISA Notices
2.12. Environmental Notices
2.13. Regulatory Notices
2.14. Officer’s Certificates
2.15. Inspection

3.      Business and Operations
3.1.     Corporate Existence
3.2.     Charter Documents; Amendment of Material Documents
3.3.     Nature of the Business; Lines of Business
3.4.     Conduct of the Business (Ordinary Course)
3.5.     Goodwill
3.6.     Company Name; Company Headquarters
3.7.     Maintain Books and Records
3.8.     Accounting Changes
3.9.     Fiscal Year; Fiscal Quarters
3.10. Limitations on Changes; Fundamental Changes
3.11. Ownership of Subsidiaries
3.12. Transactions with Affiliates

4.      Equity; Ownership Interests
4.1.     Capital Structure
4.2.     Transfer of Equity Interests
4.3.     Dividends; Distributions
4.4.     Issuance of Securities
4.5.     Stock Option Plans
4.6.     Capital Expenditures
4.7.     Restricted Payments

5.      Assets
5.1.     Acquisition of Property
5.2.     Disposition of Property
5.3.     Limitations on Leases
5.4.     Limitations on Sale Leasebacks
5.5.     Maintain Properties
5.6.     Maintain Insurance
5.7.     Intellectual Property

6.      Liabilities
6.1.     Pay Obligations
(a)    Payment of Taxes
(b)    Payment of Debt
6.2.     Limitations on Indebtedness
(a)    Leverage Ratio
(b)    Fixed Charge Coverage Ratio
(c)     Liquidity
6.3.     Subordinated Debt
6.4.     Limitations on Liens
6.5.     Limitations on Loans, Advances and Investments
6.6.     Limitations on Guaranty Obligations
6.7.     Limitations on Contingent Obligations
6.8.     Limitation on Negative Pledges
6.9.     Limitations on Swap Agreements / Hedging
6.10. Restrictive Agreements / Burdensome Agreements
6.11. Protection of Lender’s Priority Status
6.12. Additional Collateral
6.13. Additional Guarantors
6.14. Pledged Assets
6.15. Appraisals

7.      Personnel & Employment
7.1.     Compensation
7.2.     Employee Benefit Plans
7.3.     Directors and Officer’s Insurance
7.4.     Resignation of Directors
7.5.     Severance Arrangements
7.6.     Employee Matters; Hiring Employees
7.7.     Employee Inventions Agreements
7.8.     Employee Confidentiality Agreements

8.      Compliance with Laws and Obligations
8.1.     Comply with Laws and Regulations
(a)    Environmental Compliance
(b)    Bulk Sales Law
(c)     Blue Sky Laws
8.2.     Comply with Agreements and Obligations
8.3.     Performance of Obligations

9.      Use of the Transferred or Licensed Asset
9.1.     Use of Proceeds
9.2.     Restrictions on Use of Licensed Property

10.  Restrictive Covenants
10.1. Confidentiality
10.2. Non-Competition
10.3. Non-Solicitation of Business
10.4. Non-Solicitation of Employees
10.5. Non-Disparagement
10.6. Enforcement
10.7. Acknowledgement

11.  Further Assurances
11.1. Further Assurances
11.2. Disclosure Supplements
1. Perform Actions

1.1. Best Efforts. Each Party will use its best efforts to take all actions and to do all things necessary, proper, or advisable to consummate, make effective, and comply with all of the terms of this Agreement.

2. Information and Notification

2.1. Access to Information. Between the date of this Agreement and the Closing Date, Seller will permit representatives of Buyer (including legal counsel and accountants) to have full access at all reasonable times, and in a manner so as not to interfere with the normal business operations,  to all Seller’s premises, properties, personnel, books, records, contracts, and documents.

2.2. Public Announcements. No party shall make any press release or other announcement with respect to the subject matter of this Agreement without the consent of the other party.

2.7. Notification of Certain Events. Each Party shall give prompt written notice to the other parties of:

(a) the occurrence, or failure to occur, of any [known] event which occurrence or failure would be likely to cause any representation or warranty contained in this Agreement to be untrue or inaccurate in any material respect [at any time from the Agreement Date through the Closing Date];

(b) any [known] failure of a Party to comply with, perform or satisfy in any material respect any covenant or comply with, perform or satisfy any condition contained in this Agreement to be complied with, performed or satisfied by either such party; or

(c) any change, event, condition or development that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.