Conditions to the Offer
Notwithstanding 
any other provision of the Agreement or the Offer and in addition to (and not in limitation of) Merger Sub’s 
right to extend and amend
the Offer pursuant to the provisions of the Agreement, Merger Sub shall not be required to (and Parent shall 
not be required to cause Merger Sub to) accept for
payment or, subject to any applicable rules and regulations of the SEC, including 
Rule 14e-1(c) under the Exchange Act, pay for any Shares validly tendered and
not properly withdrawn pursuant to the Offer if any of the 
following conditions exist, or have occurred and are continuing, at the scheduled Expiration Time of the
Offer:
<omitted>

(f) Representations and Warranties. The representations and warranties of the Company

<omitted>

(iii) set forth in the Agreement, other than those Sections specifically identified in clause (i) or (ii) of this paragraph (f), shall not be true and correct (disregarding all qualifications or limitations as to “materiality”, “Material Adverse Effect” and words of similar import set forth therein) as of the Expiration Time with the same effect as though made as of the date of this Agreement and as of the Expiration Time (except to the extent expressly made as of an earlier date, in which case as of such earlier date), except, in the case of this clause (iii), where the failure to be true and correct would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (Page 43)

Conditions to the Offer


The representations and warranties of the Company

<omitted>

(iii) set forth in the Agreement, <omitted> shall not be true and correct <omitted> except, in the case of this clause (iii), where the failure to be true and correct would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (Page 43)

Conditions to the Offer
Notwithstanding 
any other provision of the Agreement or the Offer and in addition to (and not in limitation of) Merger Sub’s 
right to extend and amend
the Offer pursuant to the provisions of the Agreement, Merger Sub shall not be required to (and Parent shall 
not be required to cause Merger Sub to) accept for
payment or, subject to any applicable rules and regulations of the SEC, including 
Rule 14e-1(c) under the Exchange Act, pay for any Shares validly tendered and
not properly withdrawn pursuant to the Offer if any of the 
following conditions exist, or have occurred and are continuing, at the scheduled Expiration Time of the
Offer:
<omitted>

(f)            Representations and Warranties. The representations and warranties of the Company (i) set forth in Section 4.02(a) (Capital Structure) shall not be true and correct in all respects as of the date of this Agreement and as of the Expiration Time with the same effect as though made as of the Expiration Time (except to the extent expressly made as of an earlier date, in which case as of such earlier date), except for de minimis inaccuracies; (Page 43)

Conditions to the Offer


<omitted>

The representations and warranties of the Company (i) set forth in Section 4.02(a) (Capital Structure) shall not be true and correct in all respects except for de minimis inaccuracies (Page 43)

Section 4.02.      Capital Structure. <omitted> (j) <omitted> Each of the outstanding shares of capital stock or other securities of each of the Company’s Subsidiaries is duly authorized, validly issued, fully paid and non-assessable and, except for any directors’ qualifying shares and any shares of capital stock or other securities of any Non-Wholly Owned Subsidiaries owned by such Persons contemplated by Section 4.02(h)(iii)(B), owned by the Company or by a Wholly Owned Subsidiary of the Company, free and clear of any Encumbrance (other than any Permitted Encumbrance contemplated by clauses (d) and (e) of the definition thereof). <omitted>

Section 4.03.      Corporate Authority; Approval and Fairness.   (a)           <omitted> This Agreement has been duly executed and delivered by the Company and, assuming due execution and delivery by Parent and Merger Sub, constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to the Bankruptcy and Equity Exception.   (b)           The Company Board has, at a duly convened and held meeting: (i) unanimously (A) approved and declared advisable this Agreement and the transactions contemplated by this Agreement <omitted> (ii) received the opinion of its financial advisor, D.A. Davidson & Co., to the effect that the Offer Price and the Merger Consideration to be received by the holders of the Shares (other than Excluded Shares) is fair from a financial point of view, as of the date of such opinion, to the such holders, a copy of which opinion has been delivered to Parent solely for informational purposes <omitted>

4.04. Governmental Filings; No Violations
<omitted>
(b)
The execution 
and delivery of and performance under this Agreement by the Company do 
not, and the consummation of the
transactions contemplated by this Agreement, will not: (i) constitute or result in a 
breach or violation of or a contravention or conflict with the Organizational
Documents of (x) the Company

<omitted>
Conditions to the Offer
Notwithstanding 
any other provision of the Agreement or the Offer and in addition to (and not in limitation of) Merger Sub’s 
right to extend and amend
the Offer pursuant to the provisions of the Agreement, Merger Sub shall not be required to (and Parent shall 
not be required to cause Merger Sub to) accept for
payment or, subject to any applicable rules and regulations of the SEC, including 
Rule 14e-1(c) under the Exchange Act, pay for any Shares validly tendered and
not properly withdrawn pursuant to the Offer if any of the 
following conditions exist, or have occurred and are continuing, at the scheduled Expiration Time of the
Offer:
<omitted>

(f) Representations and Warranties. The representations and warranties of the Company

<omitted>

(ii) set forth in Section 4.01(a) (Organization, Good Standing and Qualification), Section 4.02 (Capital Structure) (other than clause (a)), Section 4.03 (Corporate Authority; Approval and Fairness), Section 4.04(b)(i)(x) (No Violations) and Section 4.22 (Brokers and Finders) shall not be true and correct (disregarding all qualifications or limitations as to “materiality”, “Material Adverse Effect” and words of similar import set forth therein) in all material respects as of the date of this Agreement and as of the Expiration Time with the same effect as though made as of the Expiration Time (except to the extent expressly made as of an earlier date, in which case as of such earlier date (Page 43)

Section 4.02.      Capital Structure. <omitted> (j) <omitted> Each of the outstanding shares of capital stock or other securities of each of the Company’s Subsidiaries is duly authorized, validly issued, fully paid and non-assessable and, except for any directors’ qualifying shares and any shares of capital stock or other securities of any Non-Wholly Owned Subsidiaries owned by such Persons contemplated by Section 4.02(h)(iii)(B), owned by the Company or by a Wholly Owned Subsidiary of the Company, free and clear of any Encumbrance (other than any Permitted Encumbrance contemplated by clauses (d) and (e) of the definition thereof). <omitted>
Section 4.03.      Corporate Authority; Approval and Fairness.   (a)           <omitted> This Agreement has been duly executed and delivered by the Company and, assuming due execution and delivery by Parent and Merger Sub, constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to the Bankruptcy and Equity Exception.   (b)           The Company Board has, at a duly convened and held meeting: (i) unanimously (A) approved and declared advisable this Agreement and the transactions contemplated by this Agreement <omitted> <omitted> (ii) received the opinion of its financial advisor, D.A. Davidson & Co., to the effect that the Offer Price and the Merger Consideration to be received by the holders of the Shares (other than Excluded Shares) is fair from a financial point of view, as of the date of such opinion, to the such holders, a copy of which opinion has been delivered to Parent solely for informational purposes <omitted>

4.04. Governmental Filings; No Violations
<omitted>
(b)
The execution 
and delivery of and performance under this Agreement by the Company do 
not, and the consummation of the
transactions contemplated by this Agreement, will not: (i) constitute or result in a 
breach or violation of or a contravention or conflict with the Organizational
Documents of (x) the Company

<omitted>

Conditions to the Offer

<omitted>

The representations and warranties of the Company

<omitted>

(ii) set forth in Section 4.01(a) (Organization, Good Standing and Qualification), Section 4.02 (Capital Structure) (other than clause (a)), Section 4.03 (Corporate Authority; Approval and Fairness), Section 4.04(b)(i)(x) (No Violations) and Section 4.22 (Brokers and Finders) shall not be true and correct <omitted> in all material respects (Page 43)

Question: Materiality/MAE Scrape applies to
Subquestion: Capitalization R&Ws
Answer: General R&Ws