Common use of CONDITIONS TO THE MERGER Clause in Contracts

CONDITIONS TO THE MERGER. SECTION 9.1. Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS

CONDITIONS TO THE MERGER. SECTION 9.17.01. Conditions to the Obligations of Each Party................ 28 ...............48 SECTION 9.27.02. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Parent...................49 SECTION 9.37.03. Conditions to the Obligations of the Company............... 30 ..............50 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUSVIII TERMINATION, AMENDMENT AND WAIVER

CONDITIONS TO THE MERGER. SECTION 9.17.01. Conditions to the Obligations of Each Party................ 28 ....................47 SECTION 9.27.02. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Parent........................48 SECTION 9.37.03. Conditions to the Obligations of the Company............... 30 ...................49 ARTICLE X TERMINATION VIII TERMINATION, AMENDMENT AND WAIVER SECTION 10.18.01. Termination................................................ 30 ....................................................50 SECTION 10.28.02. Effect of Termination...................................... 31 ..........................................51 SECTION 8.03. Amendment......................................................51 SECTION 8.04. Waiver.........................................................52 SECTION 8.05. Expenses.......................................................52 ARTICLE XI MISCELLANEOUSIX

CONDITIONS TO THE MERGER. SECTION 9.16.01. Conditions to the Obligations of Each Party................ 28 Party to Effect the Merger... 34 SECTION 9.26.02. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub.. 35 SECTION 9.36.03. Additional Conditions to the Obligations of the Company............... 30 ............ 36 ARTICLE X VII. TERMINATION SECTION 10.17.01. Termination................................................ 30 .................................................... 36 SECTION 10.27.02. Effect of Termination...................................... 31 .......................................... 38 SECTION 7.03. Fees and Expenses.............................................. 38 ARTICLE XI MISCELLANEOUSVIII.

CONDITIONS TO THE MERGER. SECTION 9.149 7.1. Conditions to Obligations of Each Party to Effect the Merger........49 7.2. Additional Conditions to Obligations of the Company.................49 7.3. Additional Conditions to the Obligations of Each Party................ 28 SECTION 9.2Buyer...................50 ARTICLE 8. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1TERMINATION.......................................................52 8.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS.........................................................52 TABLE OF CONTENTS (Continued)

CONDITIONS TO THE MERGER. SECTION 9.18.01. Conditions to the Obligations of Each Party................ 28 ...................37 SECTION 9.28.02. Conditions to the Obligations of Parent Buyer and Merger Subsidiary.............................................. 28 .................................38 SECTION 9.38.03. Conditions to the Obligations of the Company............... 30 ..................40 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS9 TERMINATION

CONDITIONS TO THE MERGER. SECTION 9.17.01. Conditions to the Obligations of Each Party................ 28 Party to Consummate the Merger..........................................38 SECTION 9.27.02. Conditions to the Obligations of the Company...................39 SECTION 7.03. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub.........39 ARTICLE VIII TERMINATION, AMENDMENT AND WAIVER SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.18.01. Termination................................................ 30 ....................................................40 SECTION 10.28.02. Notice of Termination; Effect of Termination...................................... 31 ...................42 SECTION 8.03. Amendment......................................................42 SECTION 8.04. Waiver.........................................................42 SECTION 8.05. Expenses. ....................................................42 ARTICLE XI MISCELLANEOUSIX

CONDITIONS TO THE MERGER. ..54 SECTION 9.1. 8.1 Conditions to the Obligations of Each Party................ 28 ....................54 SECTION 9.2. 8.2 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 ..55 SECTION 9.3. 8.3 Conditions to the Obligations of the Company............... 30 ...................56 ARTICLE X TERMINATION 9 TERMINATION.........................................................57 SECTION 10.1. 9.1 Termination................................................ 30 ....................................................57 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS9.2

CONDITIONS TO THE MERGER. SECTION 9.149 7.1. Conditions to Obligations of Each Party to Effect the Merger......49 7.2. Additional Conditions to Obligations of the Company...............49 7.3. Additional Conditions to the Obligations of Each Party................ 28 SECTION 9.2Buyer.................50 ARTICLE 8. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1TERMINATION........................................................52 8.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS.......................................................52 TABLE OF CONTENTS (Continued)

CONDITIONS TO THE MERGER. SECTION 9.16.01. Conditions to the Obligations of Each Party................ 28 ....................................................... 31 SECTION 9.26.02. Conditions to Obligation of the Company to Effect the Merger...................................... 32 SECTION 6.03. Conditions to Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions Subsidiary to Effect the Obligations of the Company............... 30 Merger........................... 32 ARTICLE X VII TERMINATION SECTION 10.17.01. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ....................................................................................... 33 ARTICLE XI VIII MISCELLANEOUS

CONDITIONS TO THE MERGER. 24 SECTION 9.1. 6.1 Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger.................................................... 24 SECTION 9.2. 6.2 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Acquisition......... 25 SECTION 9.3. 6.3 Conditions to the Obligations Obligation of the Company............... 30 ..................... 25 ARTICLE X TERMINATION VII TERMINATION............................................................................. 25 SECTION 10.1. 7.1 Termination................................................ 30 ................................................. 25 SECTION 10.2. 7.2 Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS....................................... 26 SECTION 7.3

CONDITIONS TO THE MERGER. 37 SECTION 9.1. 7.01 Conditions to the Obligations of Each Party................ 28 Party to Effect the Merger........... 37 SECTION 9.2. 7.02 Additional Conditions to the Obligations of Parent Purchaser and Merger Subsidiary.............................................. 28 Purchaser Sub.... 38 SECTION 9.3. 7.03 Additional Conditions to the Obligations of the Company............... 30 Company and SymmetriCom............................................................ 39 ARTICLE X TERMINATION VIII TERMINATION, AMENDMENT AND WAIVER............................................... 40 SECTION 10.1. 8.01 Termination................................................ 30 ............................................................ 40 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS8.02

CONDITIONS TO THE MERGER. 24 SECTION 9.16.01. Conditions to the Obligations of Each Party................ 28 ....................................................... 24 SECTION 9.26.02. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 ..................................... 25 SECTION 9.36.03. Conditions to the Obligations of the Company............... 30 ...................................................... 25 ARTICLE X TERMINATION 7 TERMINATION................................................................................................ 26 SECTION 10.17.01. Termination................................................ 30 ....................................................................................... 26 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS7.02.

CONDITIONS TO THE MERGER. 47 SECTION 9.16.01. Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger................................... 47 SECTION 9.26.02. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub............................... 49 SECTION 9.36.03. Additional Conditions to the Obligations Obligation of the Company............... 30 .... 50 ARTICLE X TERMINATION VII TERMINATION............................... 50 SECTION 10.17.01. Termination................................................ 30 ........................................... 50 SECTION 10.27.02. Effect of Termination...................................... 31 ................................. 52 SECTION 7.03. Fees and Expenses..................................... 53 ARTICLE XI MISCELLANEOUSVIII

CONDITIONS TO THE MERGER. SECTION 9.1. Section 7.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Party ..........................................................49 Section 7.2 Conditions to the Obligations of Parent and Acquisition Sub to Effect the Merger Subsidiary.............................................. 28 SECTION 9.3. ....................................................................................................................49 Section 7.3 Conditions to the Obligations Obligation of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Company to Effect the Merger ...........................50 Section 7.4 Frustration of Termination...................................... 31 ARTICLE XI MISCELLANEOUSClosing Conditions ..........................................................................50 Article VIII TERMINATION, AMENDMENT AND WAIVER

CONDITIONS TO THE MERGER. 35 SECTION 9.1. 7.01 Conditions to the Obligations of Each Party................ 28 ........................ 35 SECTION 9.2. 7.02 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub............. 35 SECTION 9.3. 7.03 Conditions to the Obligations of the Company............... 30 ....................... 37 ARTICLE X TERMINATION VIII TERMINATION, AMENDMENT AND WAIVER......................................................... 37 SECTION 10.1. 8.01 Termination................................................ 30 ........................................................ 37 SECTION 10.2. 8.02 Method of Termination; Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS....................... 39

CONDITIONS TO THE MERGER. 39 SECTION 9.18.01. Conditions to the Obligations of Each Party................ 28 ..................................39 SECTION 9.2. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.38.02. Conditions to the Obligations of the Company............... 30 Parent and Merger Sub...................39 ARTICLE X TERMINATION IX TERMINATION..................................................................40 SECTION 10.19.01. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS..................................................................40

CONDITIONS TO THE MERGER. 44 SECTION 9.1. 6.01 Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger........................................ 44 SECTION 9.2. 6.02 Additional Conditions to the Obligations Obligation of Parent PARENT and Merger Subsidiary.............................................. 28 SUB............................................... 45 SECTION 9.3. 6.03 Additional Conditions to the Obligations Obligation of the Company............... 30 TARGET..... 46 SECTION 6.04 Frustration of Closing Conditions................. 47 ARTICLE X VII TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS47

CONDITIONS TO THE MERGER. SECTION 9.163 Section 9.01 . Conditions to the Obligations of Each Party................ 28 SECTION 9.2Party .....................................................63 Section 9.02 . Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3Sub .................................64 Section 9.03 . Conditions to the Obligations of the Company............... 30 Company ..................................................65 ARTICLE X 10 TERMINATION SECTION 10.1..........................................................................................................65 Section 10.01 . Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUSTermination ......................................................................................................65 iii #92864921v30

CONDITIONS TO THE MERGER. SECTION 9.1. 39 Section 7.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Party to Effect the Merger.................39 Section 7.2 Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Sub................40 Section 7.3 Additional Conditions to the Obligations Obligation of the Company............... 30 ...........................40 ARTICLE X TERMINATION SECTION 10.1. VIII TERMINATION................................................................................41 Section 8.1 Termination................................................ 30 SECTION 10.2. ..................................................................41 Section 8.2 Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS........................................................42 Section 8.3 Fees and Expenses............................................................42

CONDITIONS TO THE MERGER. SECTION 9.19.01. Conditions to Obligations of Each Party......................47 SECTION 9.02. Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 ...........49 SECTION 9.39.03. Conditions to the Obligations of the Company............... 30 .................50 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS10 TERMINATION

CONDITIONS TO THE MERGER. 31 SECTION 9.16.1. Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger..........................31 SECTION 9.26.2. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub............................31 SECTION 9.36.3. Additional Conditions to the Obligations Obligation of the Company............... 30 .......33 ARTICLE X TERMINATION VII. TERMINATION....................................................33 SECTION 10.17.1. Termination................................................ 30 ..............................................33 SECTION 10.27.2. Effect of Of Termination...................................... 31 ARTICLE XI MISCELLANEOUS....................................35 SECTION 7.3. Fees and Expenses........................................35

CONDITIONS TO THE MERGER. 36 SECTION 9.16.01. Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger..............................................36 SECTION 9.26.02. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub..........................................36 SECTION 9.36.03. Additional Conditions to the Obligations Obligation of the Company............... 30 .................................................37 TABLE OF CONTENTS (continued) Page ---- ARTICLE X TERMINATION VII TERMINATION..................................................38 SECTION 10.17.01. Termination................................................ 30 .............................................38 SECTION 10.27.02. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS...................................40 SECTION 7.03. Parent's Fees and Expenses..............................41 SECTION 7.04. Company's Fees and Expenses.............................42

CONDITIONS TO THE MERGER. SECTION 9.1. 55 6.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Party to Effect the Merger.....................................55 6.2 Additional Conditions to Obligations of Company............55 6.3 Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations Sub.................................56 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER..........................58 7.1 Termination................................................58 7.2 Notice of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. ; Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS...............61

CONDITIONS TO THE MERGER. SECTION 9.1. 32 Section 8.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. ...................................... 32 Section 8.2 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Sub........................... 33 Section 8.3 Conditions to the Obligations of the Company............... 30 ..................................... 33 ARTICLE X TERMINATION SECTION 10.1. IX.TERMINATION; AMENDMENT; WAIVER.......................................................... 34 Section 9.1 Termination................................................ 30 SECTION 10.2. ...................................................................... 34 Section 9.2 Effect of Termination...................................... 31 ............................................................ 36 ARTICLE XI MISCELLANEOUSX.MISCELLANEOUS............................................................................ 36

CONDITIONS TO THE MERGER. SECTION 9.17.01. Conditions to the Obligations of Each Party................ 28 ..........................40 SECTION 9.27.02. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub...............40 SECTION 9.37.03. Conditions to the Obligations of the Company............... 30 .........................41 ARTICLE X TERMINATION VIII TERMINATION, AMENDMENT AND WAIVER SECTION 10.18.01. Termination................................................ 30 ..........................................................42 SECTION 10.28.02. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS................................................43 SECTION 8.03. Amendment............................................................44 SECTION 8.04. Waiver...............................................................44 SECTION 8.05. Expenses.............................................................44

CONDITIONS TO THE MERGER. 37 SECTION 9.1. 7.01 Conditions to the Obligations of Each Party................ 28 .............................................. 37 SECTION 9.2. 7.02 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Purchaser.................................... 37 SECTION 9.3. 7.03 Conditions to the Obligations Obligation of the Company............... 30 .............................................. 38 ARTICLE X TERMINATION 8 TERMINATION, AMENDMENT AND WAIVER........................................................... 39 SECTION 10.1. 8.01 Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS.......................................................................... 39

CONDITIONS TO THE MERGER. SECTION 9.1. 52 Section 6.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. 's Obligation to Effect the Merger .................................................. 52 Section 6.2 Conditions to the Obligations of Parent and Merger SubsidiarySubsidiary .............................................. 28 SECTION 9.3. 52 Section 6.3 Conditions to the Obligations Obligation of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect Company ................. 53 Section 6.4 Frustration of Termination...................................... 31 ARTICLE XI MISCELLANEOUSClosing Conditions ....................... 54

CONDITIONS TO THE MERGER. 47 SECTION 9.1. 5.1 Conditions to the Obligations of Each Party................ 28 's Obligation to Effect the Merger.............47 SECTION 9.2. 5.2 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub.................48 SECTION 9.3. 5.3 Conditions to the Obligations of the Company............... 30 ...........................48 SECTION 5.4 Frustration of Closing Conditions......................................49 ARTICLE X TERMINATION VI TERMINATION...................................................................49 SECTION 10.1. 6.1 Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS............................................................49

CONDITIONS TO THE MERGER. SECTION 9.1. ..35 Section 8.1 Conditions of Each Party's Obligation to Effect the Merger..................35 Section 8.2 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Partner....................................36 Section 8.3 Conditions to the Obligations of Parent Company and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 ..............37 ARTICLE X TERMINATION SECTION 10.1. IX TERMINATION........................................................................38 Section 9.1 Termination................................................ 30 SECTION 10.2. Effect .................................................................38 Section 9.2 Effects of Termination...................................... 31 ARTICLE XI MISCELLANEOUS......................................................40

CONDITIONS TO THE MERGER. SECTION 9.17.01. Conditions to the Obligations of Each Party................ 28 Party to Consummate the Merger....38 SECTION 9.27.02. Conditions to the Obligations of the Company................................39 SECTION 7.03. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub..................39 ARTICLE VIII TERMINATION, AMENDMENT AND WAIVER SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.18.01. Termination................................................ 30 ..............................40 SECTION 10.28.02. Notice of Termination; Effect of Termination...................................... 31 ...........................42 SECTION 8.03. Amendment................................42 SECTION 8.04. Waiver...................................42 SECTION 8.05. Expenses.................................42 ARTICLE XI MISCELLANEOUSIX

CONDITIONS TO THE MERGER. 33 SECTION 9.1. 7.01 Conditions to the Obligations of Each Party................ 28 ............33 SECTION 9.2. 7.02 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub....................................................33 SECTION 9.3. 7.03 Conditions to the Obligations of the Company............... 30 ...........34 ARTICLE X TERMINATION VIII TERMINATION, AMENDMENT AND WAIVER................................34 SECTION 10.1. 8.01 Termination................................................ 30 ............................................34 SECTION 10.2. 8.02 Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS..................................36

CONDITIONS TO THE MERGER. 45 SECTION 9.18.01. Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger...........45 SECTION 9.28.02. Conditions Additional Condition to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations Obligation of the Company............... 30 .....................45 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUSIX TERMINATION......................................................................45 4 TABLE OF CONTENTS

CONDITIONS TO THE MERGER. SECTION 9.16.1. Conditions to the Obligations of Each Party................ 28 .................. 34 SECTION 9.26.2. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub....... 35 SECTION 9.36.3. Conditions to the Obligations of the Company............... 30 ................. 36 ARTICLE X TERMINATION VII TERMINATION, AMENDMENT AND WAIVER SECTION 10.17.1. Termination................................................ 30 Termination or Abandonment................................... 36 SECTION 10.27.2. Amendment or Supplement...................................... 38 SECTION 7.3. Effect of Termination...................................... 31 ........................................ 38 SECTION 7.4. Fees and Expenses............................................ 38 SECTION 7.5. Extension; Waiver............................................ 39 ARTICLE XI MISCELLANEOUSVIII

CONDITIONS TO THE MERGER. 2 SECTION 9.16.01. Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger..................2 SECTION 9.26.02. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub................2 SECTION 9.36.03. Additional Conditions to the Obligations Obligation of the Company............... 30 ...........................2 ARTICLE X TERMINATION VII INDEMNIFICATION..............................................................2 SECTION 10.17.01. Termination................................................ 30 Survival of Representations and Warranties...................................2 SECTION 10.27.02. Effect Indemnification by the Shareholders and the Company..........................2 SECTION 7.03. Indemnification by Parent and Merger Sub.....................................2 SECTION 7.04. Procedure of Termination...................................... 31 ARTICLE XI MISCELLANEOUSIndemnification.................................................2

CONDITIONS TO THE MERGER. SECTION 9.1. 52 Section 7.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. 's Obligation to Effect the Merger........................52 Section 7.2 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. .........................52 Section 7.3 Conditions to the Obligations Obligation of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect ...........................................53 Section 7.4 Frustration of Termination...................................... 31 ARTICLE XI MISCELLANEOUSClosing Conditions.................................................54

CONDITIONS TO THE MERGER. SECTION 9.1. 39 Section 9.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. ...........................................39 Section 9.2 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Sub................................40 Section 9.3 Conditions to the Obligations of the Company............... 30 ..........................................40 ARTICLE X TERMINATION SECTION 10.1. X. TERMINATION..................................................................................41 Section 10.1 Termination................................................ 30 SECTION 10.2. ...........................................................................41 Section 10.2 Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS.................................................................42

CONDITIONS TO THE MERGER. SECTION 9.16.01. Conditions to the Obligations of Each Party................ 28 ...............32 SECTION 9.26.02. Conditions to Obligation of the Company to Effect the Merger................................................32 SECTION 6.03. Conditions to Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions Subsidiary to Effect the Obligations of the Company............... 30 Merger......................................33 ARTICLE X VII TERMINATION SECTION 10.17.01. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ...............................................34 ARTICLE XI VIII MISCELLANEOUS

CONDITIONS TO THE MERGER. SECTION 9.1. 31 Section 7.01 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. ............. 31 Section 7.02 Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Sub.. 31 Section 7.03 Conditions to the Obligations of the Company............... 30 ............ 32 ARTICLE X TERMINATION SECTION 10.1. VIII TERMINATION..................................................... 32 Section 8.01 Termination................................................ 30 SECTION 10.2. ............................................. 32 Section 8.02 Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS................................... 33 Section 8.03 Fees and Expenses; Termination Fees..................... 34

CONDITIONS TO THE MERGER. 27 SECTION 9.18.01. Conditions to the Obligations of Each Party................ 28 ..............................................27 SECTION 9.28.02. Conditions to the Obligations of Parent Buyer and Merger Subsidiary.............................................. 28 .............................27 SECTION 9.38.03. Conditions to the Obligations of the Company............... 30 .............................................28 ARTICLE X TERMINATION 9 TERMINATION....................................................................................29 SECTION 10.19.01. Termination................................................ 30 ..............................................................................29 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS9.02.

CONDITIONS TO THE MERGER. SECTION 9.1. 41 6.1 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Party to Effect the Merger................................ 41 6.2 Additional Conditions to Obligations of Company............................................. 41 -ii- TABLE OF CONTENTS (continued) Page ---- 6.3 Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 Sub........................... 42 ARTICLE X TERMINATION SECTION 10.1. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUSVII TERMINATION, AMENDMENT AND WAIVER.......................................................... 43

CONDITIONS TO THE MERGER. SECTION 9.17.01. Conditions to the Obligations of Each Party................ 28 ....................49 SECTION 9.27.02. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub.........50 SECTION 9.37.03. Conditions to the Obligations of the Company............... 30 ...................51 ARTICLE X TERMINATION VIII TERMINATION, AMENDMENT AND WAIVER SECTION 10.18.01. Termination................................................ 30 ....................................................51 SECTION 10.28.02. Notice of Termination; Effect of Termination...................................... 31 ...................52 SECTION 8.03. Amendment......................................................52 SECTION 8.04. Extension; Waiver..............................................53 ARTICLE XI MISCELLANEOUSIX INDEMNIFICATION

CONDITIONS TO THE MERGER. SECTION 9.1.. 21 Section 6.01. Conditions to the Obligations of Each Party................ 28 SECTION 9.2................................... 21 Section 6.02. Conditions to Obligation of the Company to Effect the Merger.................. 22 Section 6.03. Conditions to Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3Subsidiary to Effect the Merger....... 22 ARTICLE VII. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1TERMINATION....................................................................... 23 Section 7.01. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS................................................................... 23

CONDITIONS TO THE MERGER. 30 SECTION 9.16.01. Conditions to the Obligations Obligation of Each Party................ 28 Party to Effect the Merger................................................30 SECTION 9.26.02. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub................................................31 SECTION 9.36.03. Additional Conditions to the Obligations Obligation of the Company............... 30 ........32 ARTICLE X TERMINATION VII INDEMNIFICATION...........................................33 SECTION 10.17.01. Termination................................................ 30 Survival of Representations and Warranties................33 SECTION 10.27.02. Effect Indemnification by the Shareholders and the Company.......33 SECTION 7.03. Indemnification by Parent and Merger Sub..................34 SECTION 7.04. Procedure of Termination...................................... 31 ARTICLE XI MISCELLANEOUSIndemnification..............................34

CONDITIONS TO THE MERGER. 39 SECTION 9.16.01. Conditions to the Obligations of Each Party................ 28 Party to Effect the Merger... 39 SECTION 9.26.02. Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 Sub.................................................. 39 SECTION 9.36.03. Additional Conditions to the Obligations Obligation of the Company............... 30 ARTICLE X TERMINATION ............ 40 Article VII. TERMINATION........................................................ 41 SECTION 10.17.01. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS................................................... 41

CONDITIONS TO THE MERGER. 44 SECTION 9.16.01. Conditions to the Obligations of Each Party................ 28 ....44 SECTION 9.26.02. Conditions to Obligation of the Company to Effect the Merger .............................45 SECTION 6.03 Conditions to Obligations of Parent and Merger Subsidiary.............................................. 28 Subsidiary to Effect the Merger................45 ARTICLE VII TERMINATION...................................................46 SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.17.01. Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS....................................46

CONDITIONS TO THE MERGER. SECTION 9.1. 47 Section 6.1 Conditions to the Obligations Obligation of Each Party................ 28 SECTION 9.2. Party to Effect the Merger................................................47 Section 6.2 Additional Conditions to the Obligations Obligation of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Acquisition Sub to Effect the Merger......................49 Section 6.3 Additional Conditions to the Obligations Obligation of the Company............... 30 Company to Effect the Merger......................................50 ARTICLE X TERMINATION SECTION 10.1. VII TERMINATION...........................................................50 Section 7.1 Termination................................................ 30 SECTION 10.2. ...............................................50 Section 7.2 Effect of Termination...................................... 31 .....................................52 Section 7.3 Fees and Expenses.........................................52 ARTICLE XI MISCELLANEOUSVIII

CONDITIONS TO THE MERGER. SECTION 9.1. 13 Section 4.1 Conditions to the Obligation of the Company......13 Section 4.2 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. Conditions to the Obligations of Parent UNITRIN and Merger Subsidiary.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 Sub.................................15 ARTICLE X TERMINATION SECTION 10.1. V TERMINATION.................................................17 Section 5.1 Termination................................................ 30 SECTION 10.2. ......................................17 Section 5.2 Effect of Termination...................................... 31 ............................18 ARTICLE XI VI MISCELLANEOUS..............................................18 Section 6.1 Notices..........................................18 Section 6.2 Successors and Assigns...........................20 Section 6.3

CONDITIONS TO THE MERGER. SECTION 9.1. 69 Section 7.1 Conditions to the Obligations Obligation of Each Party................ 28 SECTION 9.2. Party to Effect the Merger...........................69 Section 7.2 Additional Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. Sub.........................70 Section 7.3 Additional Conditions to the Obligations Obligation of the Company............... 30 ....................................71 ARTICLE X TERMINATION SECTION 10.1. VIII TERMINATION...................................................................................72 Section 8.1 Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS...........................................................................72 Section 8.2

CONDITIONS TO THE MERGER. SECTION 9.1. Section 8.01 Conditions to the Obligations of Each Party................ 28 SECTION 9.2Party to Consummate the Merger. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3. 29 Section 8.02 Conditions to the Obligations of the Company............... .................... 30 Section 8.03 Conditions to the Obligations of Parent......................... 30 ARTICLE X TERMINATION SECTION 10.1IX TERMINATION, AMENDMENT AND WAIVER Section 9.01 Termination. Termination................................................ 30 SECTION 10.2. 31 Section 9.02 Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS........................................... 32 Section 9.03 Amendment....................................................... 32 Section 9.04 Waiver.......................................................... 32 Section 9.05 Expenses........................................................ 32

CONDITIONS TO THE MERGER. SECTION 9.182 Section 6.01. Conditions to the Obligations of Each Party................ 28 SECTION 9.2..........................................82 Section 6.02. Conditions to the Obligations of Parent and Merger Subsidiary.............................................. 28 SECTION 9.3Parent..............................................83 Section 6.03. Conditions to the Obligations of the Company............... 30 .........................................84 ARTICLE X TERMINATION SECTION 10.1VII TERMINATION..........................................................................................84 Section 7.01. Termination................................................ 30 SECTION 10.2..........................................................................84 Section 7.02. Effect of Termination...................................... 31 ................................................................86 ARTICLE XI VIII MISCELLANEOUS.......................................................................................87

CONDITIONS TO THE MERGER. SECTION 9.1. 38 Section 10.01 Conditions to the Obligations of Each Party................ 28 SECTION 9.2. ............ 38 Section 10.02 Conditions to the Obligations of Parent and Merger Subsidiary......................................... 38 ARTICLE 11 TERMINATION.............................................. 28 SECTION 9.3. Conditions to the Obligations of the Company............... 30 ARTICLE X TERMINATION SECTION 10.1. 39 Section 11.01 Termination................................................ 30 SECTION 10.2. Effect of Termination...................................... 31 ARTICLE XI MISCELLANEOUS........................................ 39