4.5    Meeting of the Company’s Stockholders; Company Change in Recommendation. <omitted> (c) <omitted> (ii)    any state of fact, event, change, effect, circumstance, occurrence or development, or combination thereof, arises following the date of this Agreement that was neither known to nor reasonably foreseeable by the Company Board or executive officers as of the date of this Agreement (or, if known to or reasonably foreseeable by the Company Board or executive officers, the consequences of which were neither known to nor reasonably foreseeable by the Company Board or executive officers as of the date of this Agreement) and that (A) is not related to aCompany Acquisition Proposal or a Company Superior Proposal or any inquiry or communications relating thereto, any matter relating thereto or consequences thereof, (B) does not relate to, in each case in and of itself, any changes in the market price or trading volume of Company Common Stock or the fact that the Company meets, fails to meet or exceeds any internal or published projections, forecasts or estimates of its revenue, earnings or other financial performance or results of operations for any period (it being understood, however, that any underlying cause of any of the foregoing may be taken into account) or (C) is not related to any event, condition or circumstance that has had or would reasonably be expected to have an adverse effect on the business or financial condition of Parent, unless such event, condition or circumstance constitutes, or would reasonably be expected to constitute, a Parent Material Adverse Effect (any such state of fact, event, change, effect, circumstance, occurrence, development, condition, circumstance, or combination thereof, being referred to as a “Company Intervening Event”); and, prior to making such Company Change in Recommendation, (1) the Company Board or executive officers determines in good faith, after consultation with its outside legal counsel and its financial advisor, that, in light of such Company Intervening Event, a failure to effect45
a Company Change in Recommendation would be reasonably likely to be inconsistent with the Company Board or executive officers’s fiduciary duties under applicable Legal Requirements; (2) less than four Business Days prior to the making of such Company Change inRecommendation, Parent receives a written notice from the Company confirming that the Company Board or executive officers intends to effect suchCompany Change in Recommendation, specifying the reasons therefor in reasonable detail; (3) during such four Business Day period, if requested by Parent, the Company engages in good faith negotiations with Parent to amend this Agreement in such a manner that obviates the need for the Company Board or executive officers to effect a Company Change in Recommendation; and (4) following the end of such four Business Day period, the Company Board or executive officers determines in good faith, after consultation with its outside legal counsel and after taking into account any amendments to this Agreement that Parent and Acquisition Sub have committed in writing to make as a result of the negotiations contemplated by clause “(3)” above, that, in light of such Company InterveningEvent, a failure to effect a Company Change in Recommendation would be reasonably likely to be inconsistent with theCompany Board or executive officers’s fiduciary duties under applicable Legal Requirements, even if such changes committed to in writing were to be given effect.<omitted> Company Intervening Event. “Company Intervening Event” shall have the meaning set forth in Section 4.5(c)(ii).  (Page 81)

Question: Knowledge persons include Target management (intervening event)
Subquestion: <NONE>
Answer: Yes