Document:

Agreement and Plan of Merger

 Exhibit 10.34 
  
 AGREEMENT AND PLAN OF MERGER 
  
 THIS AGREEMENT AND PLAN OF MERGER (“Agreement”) dated as of the 18th day of November, 2004, by and among KOPPERS INC., a Pennsylvania corporation (“Koppers” or the “Surviving Corporation”), MERGER SUB FOR KI
INC., a Pennsylvania corporation (“Merger Sub”) (Koppers and Merger Sub being herein sometimes collectively referred to as the “Constituent Corporations”) and KI Holdings Inc., a Pennsylvania corporation (“KI
Holdings”). 
  
 WITNESSETH: 
  
 WHEREAS, Merger Sub is a wholly-owned subsidiary of KI Holdings; 

 
 WHEREAS, the Constituent Corporations and KI Holdings desire that Merger
Sub be merged with and into Koppers, with Koppers being the surviving corporation, upon the terms and conditions set forth herein (the “Proposed Merger”); 
  
 WHEREAS, the Constituent Corporations and KI Holdings desire that in the Proposed Merger each share of the voting common
stock, $.01 par value, of Koppers will be converted into one share of voting common stock, $.01 par value of KI Holdings, and each share of senior convertible preferred stock, $.01 par value, of Koppers will be converted into one share of senior
convertible preferred stock, $.01 par value of KI Holdings, with the result that upon consummation of the Proposed Merger Koppers will be a wholly-owned subsidiary of KI Holdings; 
  
 WHEREAS, the Board of Directors and the sole shareholder of Merger Sub have adopted resolutions approving this Agreement in
accordance with the Pennsylvania Business Corporation Law of 1988 (the “BCL”); 
  
 WHEREAS, the Board of Directors and the shareholders of Koppers have adopted resolutions approving this Agreement in accordance with the BCL; and 
  
 WHEREAS, the Board of Directors of KI Holdings have adopted resolutions approving this Agreement in accordance with the BCL
(it being noted that no approval of the shareholders of KI Holdings is required because KI Holdings does not have any shareholders at the time of the Proposed Merger). 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and intending to be legally bound
hereby, Koppers, Merger Sub and KI Holdings hereby agree as follows: 
  
 1. Terms of Merger. At the Effective Time (as hereinafter defined), Merger Sub shall be merged with and into Koppers pursuant to the provisions of Section 1921 of the BCL (the “Merger”). 
  
 2. Surviving Corporation. The corporation surviving the Merger
shall be Koppers. 
  
 3. Treatment of Shares. At the
Effective Time by virtue of the Merger and without any action on the part of any holder of any shares of the voting common stock of Koppers, the senior convertible preferred stock of Koppers or the common stock of Merger Sub (a) each share of voting
common stock of Koppers issued and outstanding immediately prior to the Merger shall be converted into one share of voting common stock of KI Holdings, (b) each share of common stock of 

  

 
Merger Sub issued and outstanding immediately prior to the Merger shall be converted into one share of voting common stock of Koppers, (c) each share of
senior convertible preferred stock of Koppers issued and outstanding immediately prior to the Merger shall be converted into one share of senior convertible preferred stock of KI Holdings, (d) each share of voting common stock of Koppers held in the
treasury of Koppers shall be deemed retired and cancelled without necessity of further action and (e) each share of senior convertible preferred stock of Koppers held in the treasury of Koppers, if any, shall be deemed retired and cancelled without
necessity of further action. KI Holdings agrees that, immediately prior to the Effective Time, it will cause any and all shares of capital stock of KI Holdings issued and outstanding prior to the Effective Time to be cancelled, with the result that
immediately upon the Effective Time the owners and percentages of ownership of the capital stock of KI Holdings will be identical to the owners and percentages of ownership of the capital stock of Koppers immediately prior to the Effective Time.

  
 4. Options. At the Effective Time, by virtue of
the Merger and without any action on the part of Koppers or the holder of any outstanding unexpired and unexercised option to purchase shares of voting common stock of Koppers (a “Koppers Stock Option”), each Koppers Stock Option granted
under any employee stock option or compensation plan or other arrangement of Koppers, whether or not exercisable or vested, shall be automatically converted into an option to purchase, on the same terms, shares of voting common stock of KI Holdings.
KI Holdings agrees that immediately prior to the Effective Time it will execute such agreements as are necessary or desirable to undertake obligations identical to those of Koppers with respect to any Koppers Stock Option which were in place
immediately prior to the Effective Time. 
  
 5. Effective
Time. If this Agreement is not terminated as contemplated by Section 9 hereof, Articles of Merger (the “Articles of Merger”), executed in accordance with the BCL, shall be delivered to the Department of State of the Commonwealth of
Pennsylvania (the “Department”). The Merger shall become effective upon the filing of the Articles of Merger in the Department (the “Effective Time”). 
  
 6. Articles of Incorporation. The Articles of Incorporation of Koppers as in effect at the Effective Time,
from and after the Effective Time and until further amended as provided by applicable law, shall be, and may be separately certified as, the Articles of Incorporation of the Surviving Corporation. 
  
 7. Bylaws. The Bylaws of Koppers, as in effect at the Effective
Time, shall be the Bylaws of the Surviving Corporation, to remain unchanged until amended in accordance with the provisions thereof and of applicable law. 
  
 8. Directors and Officers. At the Effective Time, the Board of Directors of the Surviving Corporation shall consist of those persons who
were directors of Koppers immediately prior to the Effective Time, and the officers of the Surviving Corporation shall be the persons who were officers of Koppers immediately prior to the Effective Time, each such person to hold, in accordance with
the Bylaws and at the pleasure of the Board of Directors of the Surviving Corporation, the same office or offices with the Surviving Corporation as he or she then held with Koppers. 
  
 9. Termination and Amendment. This Agreement may be terminated by the Board of Directors of any one of
Koppers, Merger Sub and KI Holdings at any time prior to the Effective Time. In addition, the respective Boards of Directors and shareholders of Koppers, Merger Sub and KI Holdings may authorize amendment of this Agreement at any time prior to the
Effective Time. 
  
 10. Miscellaneous. At the
Effective Time, all the property, rights, privileges, franchises, patents, trademarks, licenses, registrations and other assets of every kind and description of 

  

 -2- 

 
Merger Sub shall be transferred to, vested in and devolve upon Koppers without further act or deed and all property, rights, and every other interest of
Koppers and Merger Sub shall be as effectively the property of Koppers as they were of Koppers and Merger Sub respectively. Merger Sub hereby agrees from time to time, as and when requested by Koppers or by its successors or assigns, to execute and
deliver or cause to be executed and delivered all such deeds and instruments and to take or cause to be taken such further or other action as Koppers may deem necessary or desirable in order to vest in and confirm to Koppers title to and possession
of any property of Merger Sub acquired or to be acquired by reason of or as a result of the Merger herein provided for and otherwise to carry out the intent and purposes hereof and the proper officers and directors of Merger Sub and the proper
officers and directors of Koppers are fully authorized in the name of Merger Sub or otherwise to take any and all such action. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

 -3- 

 IN WITNESS WHEREOF, Koppers, Merger Sub and KI Holdings have caused this Agreement to be executed by
their respective Chairmen of the Board of Directors or Presidents or Vice Presidents and attested by their respective Secretaries or Assistant Secretaries all as of the date first above written. 
  

									
	 ATTEST:
	 	 	 	 KOPPERS INC.

					
	By:	 	 	 	 	 	By:	 	 
	 Name:
	 	 	 	 	 	 Name:
	 	 
	 Title:
	 	 	 	 	 	 Title:
	 	 

  

									
	 ATTEST:
	 	 	 	 MERGER SUB FOR KI INC.

					
	By:	 	 	 	 	 	By:	 	 
	 Name:
	 	 	 	 	 	 Name:
	 	 
	 Title:
	 	 	 	 	 	 Title:
	 	 

  

									
	 ATTEST:
	 	 	 	 KI HOLDINGS INC.

					
	By:	 	 	 	 	 	By:	 	 
	 Name:
	 	 	 	 	 	 Name:
	 	 
	 Title:
	 	 	 	 	 	 Title:
	 	 

  

 -4-Third Amendment to Stockholders' Agreement

 Exhibit 10.35 
  
 THIRD AMENDMENT TO STOCKHOLDERS’ AGREEMENT 
  
 THIS THIRD AMENDMENT TO STOCKHOLDERS’ AGREEMENT (this “Amendment”) is made as of the 18th day of
November, 2004, by and among KOPPERS INC., a Pennsylvania corporation (“Koppers”), KI HOLDINGS INC., a Pennsylvania corporation (“Holdings”), SARATOGA PARTNERS III, L.P., a Delaware limited partnership
(“Saratoga”) and the Representatives of the Management Investors (as defined in the Stockholders’ Agreement). 
  
 RECITALS: 
  
 WHEREAS, Koppers, Saratoga and certain Management Investors (as defined in the Stockholders’ Agreement) are parties to a Stockholders’ Agreement
dated December 1, 1997 (as amended or restated from time to time the “Stockholders’ Agreement”); and 
  
 WHEREAS, substantially simultaneously with the execution of this Amendment, Koppers has entered into a merger transaction which has resulted in Koppers
becoming a wholly-owned subsidiary of Holdings; and 
  
 WHEREAS,
Koppers, Saratoga and the Representatives of the Management Investors desire to amend the Stockholders’ Agreement to, among other things, provide that Holdings will become and be a party to the Stockholders’ Agreement; and 
  
 WHEREAS, the Stockholders’ Agreement may be amended by a written
instrument signed by Saratoga, the Representatives of the Management Investors, Koppers, and any stockholder holding at least 5% of the outstanding Voting Shares (as defined in the Stockholders’ Agreement); and 
  
 WHEREAS, there is no stockholder who holds at least 5% of the outstanding
Voting Shares. 
  
 NOW, THEREFORE, in consideration of the
foregoing recitals which are incorporated by reference herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:

  
 1. The recitals set forth above are incorporated into and made
a part of this Amendment. 
  
 2. Capitalized terms used in this
Amendment and not otherwise defined shall have the same meanings ascribed to those terms in the Stockholders’ Agreement, as may be amended hereby. 
  

 3. From and after the date hereof, every reference in the Stockholders’ Agreement to the
“Company” shall be and be deemed to be a reference to “KI Holdings Inc.,” except for the references referred to in Section 7 of this Amendment. 
  
 4. From and after the date hereof, Holdings shall become and be a party to, and be bound by the terms and conditions of, the
Stockholders’ Agreement. 
  
 5. For avoidance of doubt,
notwithstanding the introduction to the Stockholders’ Agreement, Holdings is not a Stockholder (as defined in the Stockholders’ Agreement). 
  
 6. From and after the date hereof, Koppers shall not have any obligations under the Stockholders’ Agreement. 
  
 7. From and after the date hereof, the reference to the “Company’s
Pension Plan for Salaried Employees” found in Section 11.1 of the Stockholders’ Agreement shall be and be deemed to be a reference to “the Pension Plan for Salaried Employees of Koppers Inc.” and the reference to “the
Company” found in Section 11.1 of the Stockholders’ Agreement shall be and be deemed to be a reference to “Koppers Inc.” 
  
 8. Koppers, Saratoga, Holdings and the Representatives of the Management Investors hereby ratify and confirm the Stockholders’ Agreement, as amended
by this Amendment, in all respects. 
  
 9. This Amendment may be
executed in counterparts, as may be deemed necessary and convenient by the parties hereto, each of which counterpart, when so executed and delivered, shall be deemed an original, but all of such counterparts shall constitute but one and the same
instrument. 
  
 10. This Amendment shall be construed in
accordance with and governed by the laws of the Commonwealth of Pennsylvania. 
  
 [Signature Page to Follow] 
  

  
 WITNESS the due execution
hereof as of the day and year first above written. 
  

			
	 KOPPERS INC.
 a Pennsylvania corporation

		
	 By:
	 	/s/    BRIAN H.
MCCURRIE        
	 Title:
	 	VP & CFO
	 Print Name:
	 	Brian H. McCurrie
	
	 KI HOLDINGS INC.,
 a Pennsylvania corporation

		
	 By:
	 	/s/    STEVEN R. LACY        
	 Title:
	 	SVP
	 Print Name:
	 	Steven R. Lacy
	
	 SARATOGA PARTNERS III, L.P.,
 a Delaware limited partnership

		
	 By:
	 	/s/    CHRISTIAN L.
OHERBECK        
	 Title:
	 	 
	 Print Name:
	 	Christian L. Oherbeck
	
	REPRESENTATIVES OF THE MANAGEMENT INVESTORS
	
	/s/    WALTER W.
TURNER        
	Walter W. Turner
	
	/s/    RANDALL D.
COLLINS        
	Randall D. Collins

  
 [Signature Page to
Third Amendment To Stockholders’ Agreement]

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