Document:

exh10-1.htm

    

      
        

         

        

      

      
        

         

        

      

      ASSET AND
STOCK PURCHASE AGREEMENT

       

      among

       

      TEREX
CORPORATION

       

      and

       

      BUCYRUS
INTERNATIONAL, INC.

       

      dated as
of December 20, 2009

       

      
        

         

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Table
of Contents

                                                                                                  Page

       

       

      

       

      
        	
                ARTICLE
      I

              
	
                Definitions

              
	
                SECTION
      1.1. Certain Defined Terms

              	
                2

              
	
                SECTION
      1.2. Other Interpretive Provisions

              	
                13

              
	
                ARTICLE
      II

              
	
                Purchase
      and Sale of Assets and Shares

              
	
                SECTION
      2.1. Transfers of Assets.

              	
                13

              
	
                SECTION
      2.2. Assumption of Liabilities by Buyer.

              	
                16

              
	
                SECTION
      2.3. Transfer of Shares; Issuance of Shares

              	
                18

              
	
                SECTION
      2.4. Consideration

              	
                18

              
	
                SECTION
      2.5. Equity Option

              	
                19

              
	
                SECTION
      2.6. The Closing

              	
                21

              
	
                SECTION
      2.7. Deliveries at the Closing.

              	
                21

              
	
                SECTION
      2.8. Post-Closing Purchase Price Adjustment.

              	
                24

              
	
                SECTION
      2.9. Purchase Price Allocation.

              	
                26

              
	
                SECTION
      2.10. Completion of Transfers.

              	
                26

              
	
                ARTICLE
      III

              
	
                Representations
      and Warranties of Seller Parent

              
	
                SECTION
      3.1. Organization

              	
                28

              
	
                SECTION
      3.2. Authorization, Enforceability

              	
                29

              
	
                SECTION
      3.3. Capital Stock of the Sold Companies

              	
                29

              
	
                SECTION
      3.4. Subsidiaries.

              	
                29

              
	
                SECTION
      3.5. Financial Statements.

              	
                29

              
	
                SECTION
      3.6. Undisclosed Liabilities

              	
                30

              
	
                SECTION
      3.7. Non-Contravention.

              	
                30

              
	
                SECTION
      3.8. Compliance with Law; Governmental Authorizations;
      Consents.

              	
                31

              
	
                SECTION
      3.9. Litigation

              	
                31

              
	
                SECTION
      3.10. Permits

              	
                31

              
	
                SECTION
      3.11. Absence of Material Changes

              	
                32

              
	
                SECTION
      3.12. Tax Matters

              	
                33

              
	
                SECTION
      3.13. Labor Matters.

              	
                35

              
	
                SECTION
      3.14. Employee Benefit Matters.

              	
                35

              
	
                SECTION
      3.15. Intellectual Property

              	
                38

              
	
                SECTION
      3.16. Contracts.

              	
                39

              
	
                SECTION
      3.17. Environmental Matters

              	
                41

              
	
                SECTION
      3.18. Accounts Receivable

              	
                42

              
	
                SECTION
      3.19. Insurance

              	
                42

              
	
                SECTION
      3.20. Real Property

              	
                42

              
	
                SECTION
      3.21. Personal Property

              	
                44

              
	
                SECTION
      3.22. Inventory

              	
                44

              
	
                SECTION
      3.23. Assets

              	
                44

              
	
                SECTION
      3.24. Guarantees

              	
                45

              
	
                SECTION
      3.25. Warranties/Product Liability

              	
                45

              
	
                SECTION
      3.26. Export Control Compliance

              	
                45

              
	
                SECTION
      3.27. Anti-Bribery Compliance

              	
                45

              
	
                SECTION
      3.28. Related Party Transactions

              	
                46

              
	
                SECTION
      3.29. Operation of the Business

              	
                46

              
	
                SECTION
      3.30. No Brokers’ or Other Fees

              	
                46

              
	
                SECTION
      3.31. No Other Representations or Warranties

              	
                46

              
	
                ARTICLE
      IV

              
	
                Representations
      and Warranties of Buyer

              
	
                SECTION
      4.1. Organization

              	
                47

              
	
                SECTION
      4.2. Authorization, Enforceability

              	
                47

              
	
                SECTION
      4.3. Non-Contravention

              	
                47

              
	
                SECTION
      4.4. Litigation

              	
                47

              
	
                SECTION
      4.5. Compliance with Laws; Governmental Authorizations

              	
                48

              
	
                SECTION
      4.6. Financial Resources

              	
                48

              
	
                SECTION
      4.7. No Brokers’ or Other Fees

              	
                48

              
	
                SECTION
      4.8. Purchase for Investment

              	
                48

              
	
                SECTION
      4.9. No Other Representations or Warranties

              	
                48

              
	
                ARTICLE
      V

              
	
                Covenants
      and Agreements

              
	
                SECTION
      5.1. Conduct of Business Prior to the Closing

              	
                48

              
	
                SECTION
      5.2. Access to Books and Records; Final Financial
    Statements.

              	
                51

              
	
                SECTION
      5.3. Notification of Certain Matters

              	
                52

              
	
                SECTION
      5.4. Efforts; Regulatory Filings and Consents.

              	
                53

              
	
                SECTION
      5.5. Third Party Consents

              	
                55

              
	
                SECTION
      5.6. Tax Matters.

              	
                55

              
	
                SECTION
      5.7. Tax Indemnity.

              	
                57

              
	
                SECTION
      5.8. Procedures Relating to Indemnity of Tax Claims.

              	
                60

              
	
                SECTION
      5.9. Refunds

              	
                62

              
	
                SECTION
      5.10. Employment Matters Generally.

              	
                62

              
	
                SECTION
      5.11. U.S. Employment Matters.

              	
                63

              
	
                SECTION
      5.12. Non-U.S. Employment Matters.

              	
                66

              
	
                SECTION
      5.13. Vacation

              	
                67

              
	
                SECTION
      5.14. No Third Party Beneficiaries

              	
                67

              
	
                SECTION
      5.15. Employee Notifications

              	
                68

              
	
                SECTION
      5.16. Contact with Customers and Suppliers

              	
                68

              
	
                SECTION
      5.17. Use of Trademarks

              	
                68

              
	
                SECTION
      5.18. Credit and Performance Support Obligations

              	
                69

              
	
                SECTION
      5.19. Directors and Officers; Organizational Documents

              	
                70

              
	
                SECTION
      5.20. Further Assurances

              	
                70

              
	
                SECTION
      5.21. Intercompany Debt

              	
                71

              
	
                SECTION
      5.22. Expenses; Transfer Taxes

              	
                71

              
	
                SECTION
      5.23. Pre-Closing Environmental Matters.

              	
                72

              
	
                SECTION
      5.24. Delivery of Accounts Receivable

              	
                72

              
	
                SECTION
      5.25. Insurance Proceeds

              	
                72

              
	
                SECTION
      5.26. Post-Closing Cooperation

              	
                72

              
	
                SECTION
      5.27. Non-Solicitation/Non-Competition.

              	
                73

              
	
                SECTION
      5.28. Non-Disparagement

              	
                74

              
	
                SECTION
      5.29. Confidentiality

              	
                75

              
	
                SECTION
      5.30. Bulk Transfer Laws

              	
                75

              
	
                ARTICLE
      VI

              
	
                Conditions
      to Seller Parent’s Obligations

              
	
                SECTION
      6.1. Representations and Warranties

              	
                75

              
	
                SECTION
      6.2. Performance

              	
                75

              
	
                SECTION
      6.3. Officer’s Certificate

              	
                75

              
	
                SECTION
      6.4. Consents and Approvals

              	
                75

              
	
                SECTION
      6.5. Injunction

              	
                76

              
	
                SECTION
      6.6. No Proceedings

              	
                76

              
	
                SECTION
      6.7. Closing Agreements

              	
                76

              
	
                ARTICLE
      VII

              
	
                Conditions
      to Buyer’s Obligations

              
	
                SECTION
      7.1. Representations and Warranties

              	
                76

              
	
                SECTION
      7.2. Performance

              	
                76

              
	
                SECTION
      7.3. Officer’s Certificate

              	
                76

              
	
                SECTION
      7.4. Final Financial Statements

              	
                77

              
	
                SECTION
      7.5. Consents and Approvals

              	
                77

              
	
                SECTION
      7.6. Injunctions

              	
                77

              
	
                SECTION
      7.7. No Proceedings

              	
                77

              
	
                SECTION
      7.8. Collateral

              	
                77

              
	
                SECTION
      7.9. Closing Agreements

              	
                77

              
	
                ARTICLE
      VIII

              
	
                Termination

              
	
                SECTION
      8.1. Termination

              	
                77

              
	
                SECTION
      8.2. Effect of Termination

              	
                78

              
	
                ARTICLE
      IX

              
	
                Indemnification

              
	
                SECTION
      9.1. Indemnification by Seller Parent.

              	
                78

              
	
                SECTION
      9.2. Indemnification by Buyer.

              	
                79

              
	
                SECTION
      9.3. Indemnification as Exclusive Remedy

              	
                80

              
	
                SECTION
      9.4. Indemnification Calculations.

              	
                80

              
	
                SECTION
      9.5. Survival

              	
                80

              
	
                SECTION
      9.6. Notice and Opportunity to Defend

              	
                80

              
	
                SECTION
      9.7. Payments

              	
                81

              
	
                SECTION
      9.8. Tax Indemnity

              	
                82

              
	
                SECTION
      9.9. Other Limitations on Indemnification

              	
                82

              
	
                ARTICLE
      X

              
	
                Miscellaneous

              
	
                SECTION
      10.1. Governing Law

              	
                82

              
	
                SECTION
      10.2. Projections

              	
                82

              
	
                SECTION
      10.3. Materiality; Schedules

              	
                82

              
	
                SECTION
      10.4. Amendment

              	
                83

              
	
                SECTION
      10.5. Waiver

              	
                83

              
	
                SECTION
      10.6. Assignment

              	
                83

              
	
                SECTION
      10.7. Notices

              	
                83

              
	
                SECTION
      10.8. Complete Agreement

              	
                85

              
	
                SECTION
      10.9. Counterparts

              	
                85

              
	
                SECTION
      10.10. Publicity; Confidentiality.

              	
                85

              
	
                SECTION
      10.11. Headings

              	
                85

              
	
                SECTION
      10.12. Severability

              	
                85

              
	
                SECTION
      10.13. Third Parties

              	
                86

              
	
                SECTION
      10.14. Consent to Jurisdiction; Waiver of Jury Trial

              	
                86

              
	
                SECTION
      10.15. Enforcement of Agreement

              	
                86

              

      

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Schedules

       

      
        	
                Schedule
      1

              	
                Asset
      Sellers

              
	
                Schedule
      1.1(a)

              	
                Base
      Cash Amount

              
	
                Schedule
      1.1(b)

              	
                Buyer
      Knowledge Parties

              
	
                Schedule
      1.1(c)

              	
                Seller
      Parent Knowledge Parties

              
	
                Schedule
      2

              	
                German
      Restructuring

              
	
                Schedule
      2.1(b)(ix)

              	
                Excluded
      IT Assets

              
	
                Schedule
      2.1(c)(xvi)

              	
                Additional
      Excluded Assets

              
	
                Schedule
      2.2(b)(xi)

              	
                Additional
      Assumed Liabilities

              
	
                Schedule
      2.2(c)(ix)

              	
                Additional
      Excluded Liabilities

              
	
                Schedule
      2.8(a)

              	
                Base
      Statement of Net Asset Value

              
	
                Schedule
      2.9

              	
                Purchase
      Price Allocation

              
	
                Schedule
      3.3

              	
                Capital
      Stock of the Sold Companies

              
	
                Schedule
      3.4

              	
                Subsidiaries

              
	
                Schedule
      3.5(a)

              	
                Unaudited
      Financial Statements

              
	
                Schedule
      3.5(b)

              	
                Non-Conforming
      Financial Statements

              
	
                Schedule
      3.6

              	
                Liabilities

              
	
                Schedule
      3.8(a)

              	
                Non-Compliance
      with Law; Permits

              
	
                Schedule
      3.8(b)

              	
                Required
      Consents

              
	
                Schedule
      3.9

              	
                Litigation

              
	
                Schedule
      3.11

              	
                Absence
      of Certain Changes

              
	
                Schedule
      3.12

              	
                Tax
      Matters

              
	
                Schedule
      3.13(a)

              	
                Union
      Action

              
	
                Schedule
      3.13(b)

              	
                Labor
      Practices

              
	
                Schedule
      3.13(c)

              	
                Collective
      Bargaining Agreements

              
	
                Schedule
      3.13(d)

              	
                Pending
      Workers’ Compensation Claims

              
	
                Schedule
      3.14(a)

              	
                Benefit
      Plans

              
	
                Schedule
      3.14(b)

              	
                Benefit
      Plans: Non-Compliance

              
	
                Schedule
      3.14(c)

              	
                Qualified
      Plans

              
	
                Schedule
      3.14(d)

              	
                Benefit
      Plans: Unfunded Liabilities

              
	
                Schedule
      3.14(f)

              	
                Benefit
      Plans: Liabilities

              
	
                Schedule
      3.14(g)

              	
                Benefit
      Plans: Severance, Change-in-Control, Bonus Payments

              
	
                Schedule
      3.14(i)

              	
                Unregistered
      U.K. Benefit Plans

              
	
                Schedule
      3.14(j)

              	
                Undertakings

              
	
                Schedule
      3.14(k)

              	
                Unpaid
      Fees and Expenses

              
	
                Schedule
      3.14(l)

              	
                U.K.
      Stakeholder Pension Compliance

              
	
                Schedule
      3.14(m)

              	
                Death
      Benefits Insurance

              
	
                Schedule
      3.14(n)

              	
                TUPE
      Benefits

              
	
                Schedule
      3.14(o)

              	
                U.K.
      Pensions Act Liabilities

              
	
                Schedule
      3.14(p)

              	
                U.K.
      Occupational Benefit Schemes

              
	
                Schedule
      3.15(a)

              	
                Owned
      Intellectual Property

              
	
                Schedule
      3.15(b)

              	
                Intellectual
      Property Proceedings

              
	
                Schedule
      3.16(a)

              	
                Material
      Contracts

              
	
                Schedule
      3.16(b)

              	
                Customers
      and Suppliers

              
	
                Schedule
      3.16(b)(1)

              	
                Material
      Disputes

              
	
                Schedule
      3.16(c)

              	
                Enforceability
      and Breaches of Material Contracts

              
	
                Schedule
      3.17

              	
                Environmental
      Matters

              
	
                Schedule
      3.18

              	
                Non-Conforming
      Accounts Receivable

              
	
                Schedule
      3.19

              	
                Insurance

              
	
                Schedule
      3.20(a)

              	
                Leased
      Real Property; Owned Real Property

              
	
                Schedule
      3.20(b)

              	
                Leased
      Owned Real Property or Subleased Leased Real Property

              
	
                Schedule
      3.20(c)

              	
                Condition
      of Real Property

              
	
                Schedule
      3.20(d)

              	
                Encumbrances
      on Real Property

              
	
                Schedule
      3.22

              	
                Inventory

              
	
                Schedule
      3.23

              	
                Assets

              
	
                Schedule
      3.24

              	
                Guarantees

              
	
                Schedule
      3.25

              	
                Product
      Liability

              
	
                Schedule
      3.28

              	
                Related
      Party Transactions

              
	
                Schedule
      3.28(a)

              	
                Credit
      Support Agreements

              
	
                Schedule
      3.29

              	
                Operation
      of the Business

              
	
                Schedule
      4.4

              	
                Buyer
      Litigation

              
	
                Schedule
      4.5(b)

              	
                Buyer
      Approvals and Consents

              
	
                Schedule
      5.1

              	
                Exceptions
      to Interim Operating Covenants

              
	
                Schedule
      5.1(b)

              	
                Foreign
      Structure Changes

              
	
                Schedule
      5.10(a)

              	
                Transferred
      Collective Bargaining Agreements

              
	
                Schedule
      5.12(a)

              	
                Non-U.S.
      Transferred Employee Benefits

              
	
                Schedule
      5.26

              	
                Business’
      Website Domains

              
	
                Schedule
      6.4

              	
                Jurisdictions
      of Competition Law Consents and Governmental
  Authorizations

              
	
                Schedule
      6.5

              	
                Jurisdictions

              
	
                Schedule
      7.5(a)

              	
                Jurisdictions
      of Competition Law Consents

              
	
                Schedule
      7.5(b)

              	
                Governmental
      Authorizations

              
	
                Schedule
      7.5(c)

              	
                Required
      Consents and Permits

              

      
v

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Exhibits

       

      
        	 
      	 
      
	
                Exhibit
      A

              	
                Transition
      Services Agreement

              
	
                Exhibit
      B

              	
                IP
      License Agreement

              

      

      

vii

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Index
of Defined Terms

       

      
        	
                Defined Term

              	
                Section

              
	
                Accounts
      Receivable                                                                               

              	
                1.1

              
	
                Acquired
      Assets                                                                               

              	
                2.1(b)

              
	
                Acquired
      Contracts                                                                               

              	
                2.1(b)(iv)

              
	
                Actual
      Closing
      Cash                                                                               

              	
                1.1

              
	
                Affiliate                                                                               

              	
                1.1

              
	
                Aggregate
      Discounted
      Amount                                                                               

              	
                1.1

              
	
                Agreement                                                                               

              	
                1.1

              
	
                Allocation
      Schedule                                                                               

              	
                2.9(a)

              
	
                Ancillary
      Agreements                                                                               

              	
                2.7(d)(iii)

              
	
                Applicable
      Non-U.S. Transferred Employees Transition Date                  

              	
                
                  1.1

                

              
	
                Asset
      Sellers                                                                               

              	
                Preamble

              
	
                Assigned
      Intellectual
      Property                                                                               

              	
                2.1(b)(iii)

              
	
                Assignment
      and Assumption
      Agreement                                                                               

              	
                1.1

              
	
                Assignment
      and Assumption of Real Estate Leases

              	
                2.7(a)(vii)

              
	
                Assignment
      of
      Copyrights                                                                               

              	
                1.1

              
	
                Assignment
      of Intellectual
      Property                                                                               

              	
                1.1

              
	
                Assignment
      of
      Patents                                                                               

              	
                1.1

              
	
                Assignment
      of
      Trademarks                                                                               

              	
                1.1

              
	
                Assumed
      Liabilities                                                                               

              	
                2.2(b)

              
	
                Auditors                                                                               

              	
                1.1

              
	
                Average
      Bucyrus Stock
      Price                                                                               

              	
                1.1

              
	
                Base
      Cash
      Amount                                                                               

              	
                1.1

              
	
                Base
      Statement of Net Asset
      Value                                                                               

              	
                1.1

              
	
                Benefit
      Plans                                                                               

              	
                3.14(a)

              
	
                Bills
      of
      Sale                                                                               

              	
                2.7(a)(i)

              
	
                Books
      and
      Records                                                                               

              	
                1.1

              
	
                Bucyrus
      Stock                                                                               

              	
                1.1

              
	
                Business                                                                               

              	
                1.1

              
	
                Business
      Day                                                                               

              	
                1.1

              
	
                Business
      Employee                                                                               

              	
                1.1

              
	
                Buyer

              	
                Preamble

              
	
                Buyer
      Excess

              	
                2.8(d)

              
	
                Buyer
      Indemnified Persons

              	
                9.1(a)

              
	
                Buyer
      NAV Threshold

              	
                1.1

              
	
                Buyer
      Tax Act

              	
                5.7(b)

              
	
                Buyer
      Welfare Plans

              	
                5.11(f)(i)

              
	
                Buyer’s
      401(k) Plan

              	
                5.11(e)

              
	
                Cash

              	
                1.1

              
	
                Closing

              	
                2.6

              
	
                Closing
      Agreements

              	
                2.7(d)(ii)

              
	
                Closing
      Date

              	
                2.6

              
	
                Closing
      Date Net Cash

              	
                2.4(b)

              
	
                Closing
      Receivables

              	
                5.24

              
	
                Code                                                                               

              	
                1.1

              
	
                Company
      Material Adverse
      Effect                                                                               

              	
                1.1

              
	
                Confidentiality
      Agreement

              	
                1.1

              
	
                Consents

              	
                1.1

              
	
                Contracts

              	
                1.1

              
	
                Control                                                                               

              	
                1.1

              
	
                Copyrights                                                                               

              	
                1.1

              
	
                CPA
      Firm

              	
                2.8(c)

              
	
                Credit
      Support Agreements

              	
                5.18

              
	
                De
      Minimis Foreign Transfer

              	
                2.10(b)

              
	
                Deeds

              	
                2.7(a)(vii)

              
	
                Discounted
      Amount

              	
                1.1

              
	
                DOJ

              	
                5.4(b)

              
	
                Domestic
      Assets

              	
                1.1

              
	
                Domestic
      Closing Date

              	
                2.6

              
	
                Domestic
      Seller

              	
                1.1

              
	
                Effective
      Time

              	
                2.6

              
	
                Encumbrance

              	
                1.1

              
	
                Engagement
      Letter

              	
                1.1

              
	
                Environmental
      Claim

              	
                1.1

              
	
                Environmental
      Laws

              	
                1.1

              
	
                Equipment

              	
                1.1

              
	
                Equity
      Agreement

              	
                2.5(d)

              
	
                Equity
      Amount

              	
                2.5(a)

              
	
                Equity
      Notice

              	
                2.5(a)

              
	
                ERISA

              	
                1.1

              
	
                Estimated
      Aggregate Discounted Amount

              	
                2.4(b)

              
	
                Estimated
      Net Cash

              	
                2.4(b)

              
	
                Excess
      Tier I Amount

              	
                1.1

              
	
                Excess
      Tier II Amount

              	
                1.1

              
	
                Excess
      Tier III Amount

              	
                1.1

              
	
                Excluded
      Assets

              	
                2.1(c)

              
	
                Excluded
      Liabilities                                                                               

              	
                2.2(c)

              
	
                February
      Buyer
      Excess                                                                               

              	
                2.8(d)

              
	
                Final
      Financial
      Statements                                                                               

              	
                5.2(b)

              
	
                Final
      Statement of Net Asset Value

              	
                2.8(c)

              
	
                Financial
      Statements

              	
                1.1

              
	
                Foreign
      Acquired Assets

              	
                1.1

              
	
                Foreign
      Assumed Liabilities

              	
                1.1

              
	
                Foreign
      Closing

              	
                2.6

              
	
                Foreign
      Deferred Transfers

              	
                2.10(b)

              
	
                Foreign
      Implementation Agreements

              	
                1.1

              
	
                Foreign
      Outside Date

              	
                2.10(d)

              
	
                Foreign
      Sold Shares

              	
                1.1

              
	
                FTC

              	
                5.4(b)

              
	
                German
      Restructuring

              	
                Preamble

              
	
                Governmental
      Antitrust Authority

              	
                1.1

              
	
                Governmental
      Authority

              	
                1.1

              
	
                Halco

              	
                Preamble

              
	
                Hazardous
      Materials

              	
                1.1

              
	
                Hedging
      Contracts

              	
                1.1

              
	
                HSR
      Act

              	
                1.1

              
	
                Hypac

              	
                Preamble

              
	
                Indebtedness

              	
                1.1

              
	
                Indemnified
      Party

              	
                9.6(a)

              
	
                Indemnifying
      Party

              	
                9.6(a)

              
	
                Initial
      Purchase Price

              	
                2.4(a)

              
	
                Intellectual
      Property

              	
                1.1

              
	
                Intercompany
      Machine Payables

              	
                1.1

              
	
                Interim
      Date

              	
                1.1

              
	
                Inventory

              	
                1.1

              
	
                Investments

              	
                1.1

              
	
                IP
      License
      Agreement                                                                               

              	
                1.1

              
	
                IRS                                                                               

              	
                1.1

              
	
                Knowledge
      of
      Buyer                                                                               

              	
                1.1

              
	
                Knowledge
      of Seller
      Parent                                                                               

              	
                1.1

              
	
                Law                                                                               

              	
                1.1

              
	
                Leased
      Real
      Property                                                                               

              	
                1.1

              
	
                Liabilities                                                                               

              	
                1.1

              
	
                Losses                                                                               

              	
                9.1(a)

              
	
                Material
      Contracts

              	
                3.16(a)

              
	
                Net
      Asset Value

              	
                2.8(a)

              
	
                Net
      Asset Value Base Amount

              	
                1.1

              
	
                Net
      Asset Value Statement

              	
                2.8(a)

              
	
                Net
      COBRA Cost

              	
                5.11(f)

              
	
                Non-compete
      Expiration Date

              	
                5.27(b)

              
	
                Non-U.S.
      Benefit Plans

              	
                3.14(a)

              
	
                Non-U.S.
      Employees

              	
                5.12(a)

              
	
                Non-U.S.
      Transferred Employees

              	
                5.12(a)

              
	
                O&K

              	
                Preamble

              
	
                O&K
      Limited

              	
                Preamble

              
	
                Objection

              	
                2.8(b)

              
	
                Order

              	
                1.1

              
	
                Ordinary
      Course or Ordinary Course of Business

              	
                1.1

              
	
                Other
      Competition Laws

              	
                1.1

              
	
                Owned
      Real Property

              	
                1.1

              
	
                Owned
      Intellectual Property

              	
                3.15(a)

              
	
                Patents

              	
                1.1

              
	
                Permits

              	
                3.10

              
	
                Permitted
      Encumbrances

              	
                1.1

              
	
                Person

              	
                1.1

              
	
                Phase
      I Audits

              	
                5.23(a)

              
	
                Post-Closing
      Consents                                                                               

              	
                5.5

              
	
                Pre-Closing
      Period                                                                               

              	
                1.1

              
	
                Pre-Closing
      Tax
      Returns                                                                               

              	
                5.6(b)

              
	
                Proceeding

              	
                3.9

              
	
                Product

              	
                3.25

              
	
                Purchase
      Price

              	
                2.4(a)

              
	
                Qualified
      Plans

              	
                3.14(c)

              
	
                Real
      Estate
      Leases                                                                               

              	
                1.1

              
	
                Real
      Property                                                                               

              	
                1.1

              
	
                Reedrill                                                                               

              	
                1.1

              
	
                Reedrill
      Third Party
      Payables                                                                               

              	
                1.1

              
	
                Reedrill
      Third Party
      Receivables                                                                               

              	
                1.1

              
	
                Registered                                                                               

              	
                1.1

              
	
                Release

              	
                1.1

              
	
                Rental
      Equipment

              	
                1.1

              
	
                SEC

              	
                1.1

              
	
                SEC
      Filings

              	
                5.2(c)

              
	
                Second
      Request

              	
                5.4(b)

              
	
                Securities
      Act

              	
                4.8

              
	
                Seller
      Guarantees

              	
                1.1

              
	
                Seller
      NAV Threshold

              	
                1.1

              
	
                Seller
      Parent

              	
                Preamble

              
	
                Seller
      Parent Indemnified Persons

              	
                9.2(a)

              
	
                Seller
      Parent’s Savings Programs

              	
                5.11(e)

              
	
                Sellers

              	
                1.1

              
	
                Share
      Seller

              	
                Preamble

              
	
                Sold
      Companies

              	
                Preamble

              
	
                Sold
      Shares

              	
                Preamble

              
	
                Stand-Alone
      Pre-Closing Tax Return

              	
                5.6(b)

              
	
                Stock
      Consideration

              	
                1.1

              
	
                Straddle
      Period

              	
                5.6(b)

              
	
                Subsidiaries

              	
                1.1

              
	
                Superior

              	
                Preamble

              
	
                Tangible
      Personal Property

              	
                1.1

              
	
                Tax
      or Taxes

              	
                1.1

              
	
                Tax
      Claim

              	
                5.8(a)

              
	
                Tax
      Equalization Clawback

              	
                5.7(c)

              
	
                Tax
      Proceeding

              	
                5.8(b)

              
	
                Tax
      Return

              	
                1.1

              
	
                Taxing
      Authority

              	
                1.1

              
	
                Terex
      Equipment

              	
                Preamble

              
	
                Terex
      Germany

              	
                Preamble

              
	
                Terex
      Holdings UK

              	
                Preamble

              
	
                Terex
      LLC

              	
                Preamble

              
	
                Terex
      Mining

              	
                Preamble

              
	
                Terex
      Mining
      Australia                                                                               

              	
                Preamble

              
	
                Terex
      Mining
      Division                                                                               

              	
                3.16(b)

              
	
                Terex
      NHL                                                                               

              	
                Preamble

              
	
                Tier
      I Amount

              	
                1.1

              
	
                Tier
      II Amount

              	
                1.1

              
	
                Tier
      I Rate

              	
                1.1

              
	
                Tier
      II Rate

              	
                1.1

              
	
                Tier
      III Rate

              	
                1.1

              
	
                Trade
      Secrets                                                                               

              	
                1.1

              
	
                Trademarks                                                                               

              	
                1.1

              
	
                Trading
      Day                                                                               

              	
                1.1

              
	
                Transfer
      Documents                                                                               

              	
                2.7(a)(i)

              
	
                Transfer
      Taxes

              	
                1.1

              
	
                Transferred
      Employees

              	
                1.1

              
	
                Transition
      Agreements

              	
                1.1

              
	
                TUPE
      Related Labor Claims

              	
                1.1

              
	
                U.K.
      Benefit Plans

              	
                3.14(i)

              
	
                U.K.
      Business Employees

              	
                3.14(j)

              
	
                UKT

              	
                3.14(n)

              
	
                Update
      Schedule

              	
                5.3

              
	
                Updated
      Financial Statements

              	
                5.2(b)

              
	
                U.S.
      Benefit Plans

              	
                3.14(a)

              
	
                U.S.
      Business Employee

              	
                1.1

              
	
                U.S.
      GAAP

              	
                1.1

              
	
                U.S.
      Transferred Employees

              	
                5.11(b)

              
	
                U.S.
      Transferred Employees Transition Date

              	
                1.1

              
	
                WARN
      Act

              	
                1.1

              

      

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      ASSET
AND STOCK PURCHASE AGREEMENT

      This
ASSET AND STOCK PURCHASE AGREEMENT, dated as of December 20, 2009, by and
between Terex Corporation, a company organized under the laws of Delaware
(“Seller
Parent”), and Bucyrus International, Inc., a company organized under the
laws of Delaware (“Buyer”).

       

      W I T N E S S E T H:

       

      WHEREAS,
Seller Parent together with (i) New Terex Holdings UK Limited, a company
organized under the laws of England and Wales (“Terex Holdings UK”),
(ii) Terex Equipment Limited, a company organized under the laws of Scotland
(“Terex
Equipment”),  (iii) Terex GmbH, a company organized under the
laws of Germany (“Terex Germany”), (iv)
Terex USA, LLC, a limited liability company formed under the laws of Delaware
(“Terex LLC”)
and (v) PT Onjaya Kokoh (“PT Terex”), a company
organized under the laws of Indonesia (in the process of changing its name to PT
Terex Nusantara), are engaged, directly or indirectly, in the
Business;

       

      WHEREAS,
Terex Germany shall restructure its operations to move the portions of its
business constituting the Business into a new entity in accordance with Schedule 2 (the
“German
Restructuring”);

       

      WHEREAS,
Seller Parent, Terex Holdings UK and Terex Equipment (individually, each a
“Share Seller”,
and collectively referred to as the “Share Sellers”) are
the direct or indirect legal and beneficial owners of (A) all of the outstanding
capital stock (as more fully set forth on Schedule 3.3) of (i)
Superior Highwall Holding, Inc. (“Superior”),  a
Delaware corporation, (ii) Terex Mining Equipment, Inc., a Delaware corporation
(“Terex
Mining”), (iii) O&K Orenstein & Koppel, Inc., a company organized
under the Canada Business Corporation Act (“O&K”), (iv) Hypac
(Tianjin) International Trading Company Limited, a company organized under the
laws of the People’s Republic of China (“Hypac”), (v) Terex
Mining Australia Pty Limited, a company organized under the laws of Australia
(“Terex Mining
Australia”), (vi) Halco Holdings Limited, a company organized under the
laws of England and Wales (“Halco”), and (vii)
O&K Orenstein & Koppel Limited, a company organized under the laws of
England and Wales (“O&K Limited”),
and (B) 50% of Terex NHL Mining Equipment Company Limited, a company organized
under the laws of the People’s Republic of China (“Terex NHL”) (each
entity set forth in clause (A)(i) through (A)(vii) and clause (B), individually
a “Sold
Company”, and collectively, together with any entities whose shares are
transferred to Buyer pursuant to the German Restructuring, the “Sold
Companies”);

       

      WHEREAS,
Seller Parent and each of the entities set forth on Schedule 1 hereto
(individually, an “Asset Seller”, and
collectively, with Seller Parent, the “Asset Sellers”) own
the Acquired Assets (as defined below); and

       

      WHEREAS,
the parties hereto desire that (i) Seller Parent shall cause the Share Sellers
to sell and transfer to Buyer, and Buyer shall purchase from the Share Sellers,
the issued and outstanding capital stock of the Sold Companies as set forth on
Schedule 3.3
hereto (the “Sold
Shares”), and (ii) Seller Parent shall cause the Asset Sellers to sell
and transfer to Buyer,

       

      
        
           

        

        
          
            

          

        

        
           

        

      

      and Buyer
shall purchase from the Asset Sellers, all of the Acquired Assets and assume all
of the Assumed Liabilities (as defined below).

       

      NOW,
THEREFORE, in consideration of the premises and the representations, warranties,
covenants and agreements herein contained and intending to be legally bound
hereby, the parties hereto hereby agree as follows:

       

      ARTICLE
I

       

      DEFINITIONS

       

      SECTION
1.1. Certain Defined
Terms.  As
used in this Agreement, the following terms shall have the following
meanings:

       

      “Accounts Receivable”
shall mean accounts, notes and other receivables of the Business as of the
Closing Date.

       

      “Actual Closing Cash”
shall mean for each Sold Company listed on Schedule 1.1(a)
hereto the actual amount of Cash held by such Sold Company at the Closing
Date.

       

      “Affiliate” shall
mean, with respect to any specified Person, any other Person that directly or
indirectly through one or more intermediaries, Controls, is Controlled by, or is
under common Control with, such specified Person, as of the date on which, or at
any time during the period for which, the determination of affiliation is being
made.

       

      “Aggregate Discounted
Amount” shall mean the sum of the Discounted Amounts for each Sold
Company set forth on Schedule 1.1(a)
hereto, provided however, the Aggregate Discounted Amount shall be equal to zero
to the extent the Actual Closing Cash for each Sold Company, taken in the
aggregate, is equal to, or less than, for each Sold Company the Base Cash
Amount, taken in the aggregate.

       

      “Agreement” shall mean
this Asset and Stock Purchase Agreement by and between the parties hereto
(including the Exhibits and Schedules attached hereto), as amended, modified or
supplemented from time to time.

       

      “Applicable Non-U.S.
Transferred Employees Transition Date” shall have the meaning set forth
in the Transition Agreement within the context and meaning of Schedule 1
thereto.

       

      “Assignment and Assumption
Agreement” shall mean an assignment and assumption agreement, to be dated
as of the Closing Date, in form and substance mutually agreed to by Seller
Parent and Buyer.

       

      “Assignment of
Copyrights” shall mean the assignment of Copyrights, to be dated as of
the Closing Date, in form and substance mutually agreed to by Seller Parent and
Buyer.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      “Assignment of Intellectual
Property” shall mean the assignment of Assigned Intellectual Property, to
be dated as of the Closing Date, in form and substance mutually agreed to by
Seller Parent and Buyer.

       

      “Assignment of
Patents” shall mean the assignment of Patents and proprietary processes,
to be dated as of the Closing Date, in form and substance mutually agreed to by
Seller Parent and Buyer.

       

      “Assignment of
Trademarks” shall mean the assignment of Trademarks, to be dated as of
the Closing Date, in form and substance mutually agreed to by Seller Parent and
Buyer.

       

      “Auditors” shall mean
PricewaterhouseCoopers LLP.

       

      “Average Bucyrus Stock
Price” shall mean the average of the daily volume weighted average price
per share of Bucyrus Stock on the NASDAQ Global Select Market for the period of
ten consecutive Trading Days ending on the second full Trading Day prior to the
date of this Agreement.

      

      “Base Cash Amount”
shall mean, for a Sold Company listed thereon, the amount reflected on Schedule 1.1(a)
hereto with respect to such Sold Company.

      

      “Base Statement of Net Asset
Value” shall mean the statement of net asset value of the Business as set
forth on Schedule
2.8(a) (which for avoidance of doubt includes September actual Reedrill
Third Party Receivables and September actual Reedrill Third Party Payables, and
includes Intercompany Machine Payables).

      

      “Books and Records”
shall mean files, documents, books, records, ledgers, correspondence, lists,
plats, architectural plans, drawings and specifications, creative materials,
marketing and promotional materials, studies, reports, and any other printed or
written materials solely pertaining to the Business or the Acquired Assets,
including any Tax Returns solely related to the Business or the Acquired Assets,
regardless of the manner or form (for example, as paper files or computer files)
in which the same exist or are maintained.

      

      “Bucyrus Stock” shall
mean shares of the common stock, par value $.01 per share, of Bucyrus
International, Inc.

       

      “Business” shall mean
the business carried on by Seller Parent and its Affiliates currently conducted
in its mining division within the Materials Processing and Mining segment,
including Seller Parent’s and its Affiliates’ operations in designing,
manufacturing, marketing, distributing and selling (a) high capacity off-road
surface mining trucks that have a rigid body (as opposed to articulated) and a
payload capacity of 120 metric tons or greater; (b) hydraulic track drills,
jumbo drills, and rotary blasthole drills, but excluding auger drills and
related tools business; (c) highwall miners; (d) hydraulic excavators with an
operating weight of 150 metric tons or greater; and (e) related components,
replacement parts and after sales services for (a) - (d) above.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      “Business Day” shall
mean any day that is not a Saturday, a Sunday or other day on which banks are
required or authorized by Law to be closed in The City of New York.

       

      “Business Employee”
shall mean each employee of any Seller or any Sold Company or any Subsidiary of
a Sold Company employed in the Business as of the end of the Business Day prior
to the Closing Date, including those employees who are on a leave of absence,
and as set forth in the list of Business Employees provided or to be provided
prior to the Closing Date to Buyer in accordance with Section
3.14(s).

       

      “Buyer NAV Threshold”
means the Net Asset Value Base Amount plus $15,000,000.

       

      “Cash” shall mean cash
and cash equivalents, liquid investments and the like, including “money market”
funds, commercial paper funds, certificates of deposits, Treasury Bills and
accrued interest thereon (plus all uncollected bank deposits and less all
outstanding checks).

       

      “Code” shall mean the
U.S. Internal Revenue Code of 1986, as amended, and the rules and regulations
promulgated thereunder.

       

      “Company Material Adverse
Effect” shall mean any change, effect, occurrence, circumstance or
development that has a material adverse effect on the business, properties,
assets, results of operations or financial condition of the Business, taken as a
whole, but shall exclude any effects resulting from or relating to (i) events
affecting the United States, Canada, Europe, Asia, Australia or global economy
or capital or financial markets generally; (ii) events that generally affect the
industries in which the Business or its customers conduct business; (iii)
changes in Law, U.S. GAAP, or in the authoritative interpretations thereof
applicable to the Business; (iv) earthquakes or similar catastrophes, or acts of
war (whether declared or undeclared), sabotage, terrorism, military action or
any material escalation or worsening thereof; (v) the execution, announcement or
existence of this Agreement or the transactions contemplated hereby, or the
identity of Buyer, including if any customer, dealer, agent or supplier ceases
to do business with a Sold Company or the Business as a result of the execution,
announcement or existence of this Agreement or identity of Buyer; and (vi) any
act expressly required under this Agreement or for which the consent of Buyer is
required pursuant to this Agreement and as to which Buyer has withheld its
consent; provided, however, that in each case of (i), (ii), (iii) and (iv), in
the event such change, effect, occurrence, state of facts, circumstance or
development has, or would have reasonably be expected to have, a materially
disproportionate adverse effect on the Business, relative to other Persons
manufacturing and selling the same products made by the Business in the
industries in which the Business operates then it shall be a Company Material
Adverse Effect.

       

      “Confidentiality
Agreement” shall mean the confidentiality letter agreement dated August
15, 2009 between Buyer and Seller Parent.

       

      “Consents” shall mean
consents, approvals, authorizations, permits, clearances, exemptions, waivers,
notices or the expiration or termination of any prescribed waiting
period.

       

      “Contracts” shall mean
any contract, agreement, mortgage, indenture, lease and sublease, purchase
order, arrangement license and commitment, whether written or oral.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      “Control” (including
the terms “controlled by” and “under common control with”), with respect to the
relationship between or among two or more Persons, shall mean the possession,
directly or indirectly, of the power to direct or cause the direction of the
affairs or management of a Person, whether through the ownership of voting
securities, by contract or otherwise, including the ownership, directly or
indirectly, of securities having the power to elect a majority of the board of
directors or similar body governing the affairs of such Person.

       

      “Copyright” or “Copyrights” shall
mean any work of authorship, published or unpublished, and any United States or
foreign copyrights, and registrations thereof and applications therefor,
including all renewals and extensions thereof and rights corresponding thereto
in both published and unpublished works throughout the world, owned by any of
the Sellers and the Sold Companies and exclusively used in connection with the
conduct of the Business.

       

      “Discounted Amount”
shall mean, for each Sold Company listed on Schedule 1.1(a)
hereto, the sum of the following: (i) the product of the Tier I Rate times the
Excess Tier I Amount for such Sold Company, plus (ii) the product of the Tier II
Rate times the Excess Tier II Amount for such Sold Company, plus (iii) the
product of the Tier III Rate times the Excess Tier III Amount for such Sold
Company.

       

      “Domestic Assets”
shall mean any Acquired Assets owned by a Domestic Seller which are not subject
to a foreign Governmental Authority and concerning which no Consent of a foreign
Governmental Authority is required pursuant to this Agreement.

       

      “Domestic Seller”
shall mean any Seller of Acquired Assets or Sold Shares incorporated or
organized pursuant to the Laws of a state or other political subdivision of the
United States.

       

      “Domestic Shares”
shall mean the Sold Shares, other than the Foreign Sold Shares.

       

      “Encumbrance” shall
mean, with respect to any property or asset, any lien, charge, claim,
encumbrance, mortgage, pledge, easement, license, use restriction, option or
other rights to acquire an interest, rights of first refusal or security
interest thereupon or in respect thereof, or restriction on voting.

       

      “Engagement Letter”
shall mean the Engagement Letter, dated as of September 29, 2009, among the
Auditors, Seller Parent and Buyer.

       

      “Environmental Claim”
shall mean any written notice, claim, demand, action, suit, complaint or
proceeding by any Person alleging Liability or potential Liability (including
Liability or potential Liability for investigatory costs, cleanup costs,
governmental response costs, natural resource damages, fines or penalties)
relating to any Environmental Laws, or concerning any Release or alleged Release
of or exposure to Hazardous Materials.

       

      “Environmental Laws”
shall mean all Laws now or previously in effect, including common law relating
to (x) pollution or protection of the environment (including indoor and outdoor
air, surface water, groundwater, drinking water supplies, and surface or
subsurface land

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      or
structures) or human health and safety related to exposure to Hazardous
Materials, (y) the exposure to, or the use, storage, recycling, treatment,
generation, transportation, processing, labeling, release or disposal of any
Hazardous Materials or wastes, or (z) asbestos, lead-based paint,
polychlorinated biphenyls, noise, or odor, including, but not limited to, any
Liability for remediation, investigation, or responding to any contamination or
alleged contamination relating to these or any other Hazardous Materials or to
human health or safety related to exposure to Hazardous Materials.

       

      “Equipment” shall mean
furniture, trade fixtures, furnishings, machinery, vehicles, equipment,
computers, tools and other tangible personal property and interests therein of
the Sellers that are primarily used in the Business, wherever located, including
any of the foregoing purchased subject to any conditional sales or title
retention agreement in favor of any other Person, but excluding Books and
Records and Inventory.

       

      “ERISA” shall mean the
Employee Retirement Income Security Act of 1974, as amended, and the rules and
regulations promulgated thereunder.

       

      “Excess Tier I Amount”
shall mean the excess, if any, of (x) the lesser of the Tier I Amount or the
Actual Closing Cash over (y) the Base Cash Amount.

       

      “Excess Tier II
Amount” shall mean the excess, if any, of (x) the lesser of the Tier II
Amount or the Actual Closing Cash over (y) the Tier I Amount.

       

      “Excess Tier III
Amount” shall mean the excess, if any, of the Actual Closing Cash over
the Tier II Amount.

       

      “Financial Statements”
shall mean (a) the combined balance sheets of the Business as of December 31,
2008 and 2007 and the related combined income statements and cash flow for the
periods ended December 31, 2008, 2007 and 2006, and (b) the combined balance
sheet of the Business as of September 30, 2009 (the “Interim Date”) and
the related combined statements of income and cash flow for the period then
ended.

       

      “Foreign Acquired
Assets” shall mean all Acquired Assets located outside the United States
or owned by a Seller that is not a Domestic Seller, to the extent such Acquired
Assets and the transfer thereof are subject to any non-United States
Law.

       

      “Foreign Assumed
Liabilities” shall mean all Assumed Liabilities of any Seller that is not
a Domestic Seller.

       

      “Foreign Implementation
Agreements” shall mean the various agreements to be executed by the
applicable Sellers and Buyer after the date of this Agreement for the purpose of
implementing the transfer and conveyance on the Closing Date, or as soon
thereafter as can be effected, of the Foreign Acquired Assets, Foreign Assumed
Liabilities and the Foreign Sold Shares to Buyer by such Sellers.

       

      “Foreign Sold Shares”
shall mean the Sold Shares of a Sold Company that is not incorporated or
organized pursuant to the laws of a state or other political subdivision of the
United States.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      “Governmental Antitrust
Authority” shall mean any Governmental Authority with regulatory
jurisdiction over any Consent required for the consummation of the transactions
contemplated by this Agreement, under the HSR Act or under Other Competition
Laws.

       

      “Governmental
Authority” shall mean any sovereign nation or any state, province,
commonwealth, territory, county, municipality or locality or any other political
jurisdiction of any nature, or any government thereof, and any governmental,
regulatory or administrative authority, agency, division, department,
instrumentality, ministry, commission or other body or any court, tribunal or
judicial body, in each case acting for, with or by empowerment of such
government.

       

      “Hazardous Materials”
shall mean any pollutant, contaminant or hazardous, toxic or dangerous waste,
substance or material regulated in, for purposes of, any Environmental Law, or
which results in Liability under any Environmental Law, including any petroleum
compounds or wastes (including crude oil or any fraction thereof), asbestos
containing material, lead-based paint, mold, and polychlorinated
biphenyls.

       

      “Hedging Contracts”
shall mean any derivative financial instruments or contracts or any other
hedging agreements, including options, forward and futures purchase contracts,
puts, calls, swaps or other agreements or instruments that may be used for, or
may have the effect of, hedging or protecting against risks relating to interest
rates, currency exchange rates, commodities prices or similar market
risks.

       

      “HSR Act” shall mean
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the
rules and regulations promulgated thereunder.

       

      “Indebtedness” shall
mean, with respect to any Person, items treated as indebtedness under U.S. GAAP
as in existence on December 31, 2009, as consistently applied in the Business,
including, without duplication, (i) all obligations of such Person for borrowed
money (including with respect to overdraft facilities), or with respect to
deposits or advances of any kind (excluding advances received from customers
against delivery of products or services in the Ordinary Course of Business
consistent with past practice of such Person); (ii) all obligations of such
Person evidenced by debt bonds, debentures, notes or similar instruments; (iii)
all liabilities in respect of mandatorily redeemable or purchasable capital
stock or securities convertible into capital stock; (iv) all liabilities for the
deferred purchase price of assets or property (other than ordinary course trade
payables, operating leases and other than customary reservations or retentions
of title under agreements with suppliers in the Ordinary Course of Business);
(v) all obligations of such Person upon which interest is customarily charged
(other than trade payables incurred and paid in the Ordinary Course of Business
consistent with past practice of such Person); (vi) all liabilities in respect
of any lease of (or other arrangement conveying the right to use) real and/or
personal property which are required to be accounted for as capital leases under
U.S. GAAP and (vii) all liabilities in respect of derivative transactions
and securities or for the reimbursement of any obligor on any letter of credit,
bank’s acceptance or similar credit transaction in each case related to or
securing obligations of a type described in clauses (i) through (v) above to the
extent of the obligation secured, and all liabilities as obligor, guarantor, or
otherwise, to the extent of the obligation secured or guaranteed, as the case
may be;

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      provided, however, that
Indebtedness shall not include any operating lease obligations, all Liabilities
in respect of Hedging Contracts or any factored Accounts
Receivable.

       

      “Intellectual
Property” shall mean (i) all Patents, Copyrights and Trademarks;
(ii) all trade secrets, confidential business and technical information and
any other confidential information (including research and development,
know-how, prototypes, models, production and other designs, formulae, technology
and other processes and techniques, schematics, technical data, business
methods, customer lists and supplier lists, and any other information meeting
the definition of a trade secret under the Uniform Trade Secrets Act or similar
laws in any jurisdiction) (“Trade Secrets”); and
(iii) all other proprietary technology, intellectual property, industrial or
similar proprietary rights in any country worldwide.

       

      “Intercompany Machine
Payables” shall mean all trade intercompany payables associated with
non-mining machine sales with respect to the Business and the Sold Companies due
to the Sellers or their Affiliates (other than the Sold Companies) which have a
corresponding offsetting non-cash asset reflected in the Net Asset
Value.

       

      “Inventory” shall mean
raw materials, work in progress, goods consigned by the Sellers, finished goods,
parts, packaging and labels in respect of the Business (including, without
limitation, any of the foregoing held for the benefit of the Business in the
possession of third party manufacturers, suppliers, dealers or others in
transit).

       

      “Investments” shall
mean partnership interests or any other equity interest in any corporation,
limited liability company, partnership, joint venture, trust or other business
association.

       

      “IP License Agreement”
shall mean the Intellectual Property License Agreement in substantially the form
of Exhibit B to be
entered into between the Seller Parent and Buyer pursuant to which Seller Parent
and its Subsidiaries grant Buyer and its Affiliates a perpetual, royalty-free,
assignable, sublicensable, license (which shall be exclusive within the
Business’s field of use and non-exclusive outside the field of use of the
Business as currently conducted) to use any and all Intellectual Property (other
than Assigned Intellectual Property) that is used, useful in, or otherwise
necessary to operate, the Business and that Seller Parent and its Subsidiaries
own, control or otherwise have the right to license or sublicense provided,
however, Buyer shall not be permitted to assign, sublicense or otherwise
transfer any intellectual property licensed under the IP License Agreement
except (i) to its current or future affiliates or successors, and (ii)
sublicenses to third party vendors or contractors solely for the purpose of
enabling Buyer and its affiliates to source materials and components or
outsource manufacturing, assembly or other processes.

       

      “IRS” shall mean the
U.S. Internal Revenue Service.

       

      “Knowledge of Buyer”
shall mean the actual knowledge (after reasonable inquiry of current employees
with management responsibility for the fact or matter at issue) of the
individuals listed on Schedule 1.1(b).

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      “Knowledge of Seller
Parent” shall mean the actual knowledge (after reasonable inquiry of
current employees with management responsibility for the fact or matter at
issue) of the individuals listed on Schedule
1.1(c).

       

      “Law” shall mean any
statute, law, ordinance, regulation, rule or Order enacted, issued, promulgated,
enforced or entered by any Governmental Authority.

       

      “Leased Real Property”
shall mean those parcels of real property set forth on Schedule 3.20(a) or
otherwise primarily used or held for use in the Business as leased property
together with all easements, rights of way, reservations, privileges,
appurtenances and other estates and rights pertaining thereto, including in each
case, (i) any pre-paid rent, security deposits and options to renew or purchase
in connection therewith and (ii) any fixtures, structures or improvement
appurtenant to such real property, held by the Sellers pursuant to a lease,
sublease, license or other written agreement.

       

      “Liabilities” shall
mean any and all liabilities, commitments, responsibilities and obligations of
any kind, whether fixed, contingent or absolute, matured or unmatured,
liquidated or unliquidated, accrued or not accrued, asserted or not asserted,
known or unknown, determined, determinable or otherwise, whenever or however
arising (including, whether arising out of any contract, any Law, Order or tort)
and whether or not the same would be required to be reflected in financial
statements or disclosed in the notes thereto.

       

      “Net Asset Value Base
Amount” shall mean the net asset value as set forth in the Base Statement
of Net Asset Value.

       

      “Order” shall mean any
order, judgment, writ, injunction, decree, stipulation, determination or award
entered by or with any Governmental Authority or arbitration
tribunal.

       

      “Ordinary Course” or
“Ordinary Course of
Business” shall mean the conduct of the Business in accordance with the
Sellers’ normal day-to-day customs, practices, procedures and applicable
agreements in the operation of the Business.

       

      “Other Competition
Laws” shall mean all non-U.S. Laws intended to prohibit, restrict or
regulate actions having an anticompetitive effect or purpose, including, but not
limited to, competition, restraint of trade, antimonopolization, merger control
or antitrust Laws.

       

      “Owned Real Property”
shall mean those parcels of real property listed on Schedule 3.20(a) or
otherwise primarily used or held for use in the Business as owned property,
including any buildings, structures and improvements located on any such real
property and all fixtures attached thereto and all easements, rights of way,
reservations, privileges, appurtenances and other estates and rights pertaining
thereto.

       

      “Patent” or “Patents” shall mean
any United States or foreign utility or design patents, together with any
extensions, reexaminations and reissues of such patents, patents of addition,
patent applications, divisions, continuations, continuations-in-part, and any
subsequent filings in any country or jurisdiction claiming priority therefrom,
owned by any of the Sellers or the Sold Companies and exclusively used in the
conduct of the Business.

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      “Permitted
Encumbrances” shall mean any (i) Encumbrances disclosed on the Schedules
to this Agreement, (ii) Encumbrances for Taxes not yet due and payable, or being
contested in good faith by appropriate proceedings and for which appropriate
reserves have been established, (iii) Encumbrances in respect of property or
assets imposed by Law that were incurred in the Ordinary Course of Business,
such as carriers’, warehousemen’s, workers’, repairman’s, materialmen’s and
mechanics’ liens and other similar liens, (iv) pledges or deposits made in the
Ordinary Course of Business to secure obligations under workers’ compensation
laws or similar legislation or to secure public or statutory obligations, (v)
Encumbrances that will be released and, as appropriate, removed of record, at or
prior to Closing in accordance with the terms of this Agreement, (vi)
Encumbrances arising under original purchase price conditional sales contracts,
reservation of title agreement and equipment leases with third parties that are
contracts entered into in connection with the Business and (vii) in addition
with respect to the Real Property, (A) reciprocal easement agreements, utility
easements and other customary encumbrances on title, (B) Encumbrances which
would be disclosed on a current title report or similar report or listing
relating to the Real Property, (C) zoning, ordinances, building codes,
regulations and enactments of any governmental or administrative agency having
jurisdiction over the Real Property, and (D) any conditions that would be shown
by a current (as of the date of this Agreement) and accurate survey or personal
inspection of the Real Property, provided that such matters described in clauses
(A) through (D) do not, individually or in the aggregate, materially impair the
present use of the Real Property affected thereby.

       

      “Person” shall mean
any individual, partnership, firm, corporation, association, trust,
unincorporated organization, joint venture, limited liability company or other
entity.

       

      “Pre-Closing Period”
shall mean the period from and after the date of this Agreement and until the
earlier of (x) the termination of this Agreement or (y) the close of business
local time in each applicable jurisdiction on the Closing Date.

       

      “Real Estate Leases”
shall mean, collectively, each lease, sublease, license and other agreement
pursuant to which any Seller or Sold Company is granted the right to use or
occupy, now or in the future, the Leased Real Property or any portion thereof,
including any and all modifications, amendments and supplements thereto and any
assignments thereof.

       

      “Real Property” shall
mean, collectively, the Owned Real Property and the Leased Real
Property.

       

      “Reedrill” shall mean
the Reedrill Division of the Business in the United States.

       

      “Reedrill Third Party
Payables” shall mean third party payables administered by Seller Parent’s
affiliate Terex LLC on behalf of Reedrill.

       

      “Reedrill Third Party
Receivables” shall mean third party receivables administered by Seller
Parent’s affiliate Terex LLC on behalf of Reedrill.

       

      “Registered” shall
mean issued by, registered with, renewed by or the subject of a pending
application before any Governmental Authority or Internet domain name
registrar.

       

      “Release” shall have
the meaning provided in 42 U.S.C. Section 9601(22).

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      “Rental Equipment”
shall mean equipment that is designated on the Books and Records of the Business
as owned by the Sellers and intended for rent to third parties primarily in
connection with the Business.

       

      “SEC” shall mean the
United States Securities and Exchange Commission.

       

      “Seller Guarantees”
shall mean any guarantees, indemnities, surety bonds, letters of credit and
letters of comfort given or obtained by Seller Parent or its Affiliates (other
than the Sold Companies), as applicable, for the benefit of the Sold Companies,
the Acquired Assets or the Business.

       

      “Seller NAV Threshold”
means the Net Asset Value Base Amount minus $15,000,000.

       

      “Sellers” shall mean
each of the Asset Sellers and Share Sellers.

       

      “Stock Consideration”
shall mean the number of fully paid and nonassessable shares of Bucyrus Stock
(rounded down to the nearest whole share) equal to the quotient of (A) the
Equity Amount divided by (B) the Average Bucyrus Stock Price.

       

      “Subsidiaries” shall
mean, with respect to any Person, any and all corporations, partnerships,
limited liability companies and other entities with respect to which such
Person, directly or indirectly, has the power to elect members of the board of
directors or similar body governing the affairs of such entity.

       

      “Tangible Personal
Property” shall mean all tangible personal property of the Asset Sellers
which are primarily used in the Business, in each case including Equipment, but
excluding Inventory.

       

      “Tax” or “Taxes” shall mean (i)
any foreign, federal, state, or local taxes of any kind or nature, including but
not limited to those measured on, measured by or referred to as, income,
alternative or add-on minimum, gross income, gross receipts, capital, capital
gains, sales, use, ad
valorem, franchise, license, profits or excess profits, transfer,
withholding, payroll, employment, social, excise, severance, production, stamp,
value added, real or personal property or windfall profits taxes, assessments,
taxes or charges of any kind whatsoever (whether computed on a separate or
consolidated, unitary or combined basis, or in any other manner), together with
any interest and any penalties, additions to tax or additional amounts with
respect thereto, and any interest in respect of such penalties, additions to
tax, or additional amounts, and (ii) liability for the payment of any amounts as
a result of an express or implied obligation to indemnify any other Person with
respect to the payment of any amounts described in clause (i).

       

      “Tax Return” shall
mean any return, report or statement required to be filed with any Taxing
Authority with respect to Taxes relating to the Acquired Assets or the Sold
Companies, including (i) any schedule or attachment thereto or amendment
thereof, and (ii) where permitted or required, combined or consolidated returns
for any group of entities that includes the Sold Companies or any Subsidiary,
and any amendments thereof.

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      “Taxing Authority”
shall mean, with respect to any Tax, the Governmental Authority or political
subdivision thereof or any transnational or supranational authority that imposes
such Tax or is charged with the collection of such Tax.

       

      “Tier I Amount” shall
mean, for each Sold Company listed thereon, the amount reflected on Schedule 1.1(a) under
the heading “Tier I Amount” hereto with respect to such Sold
Company.

       

      “Tier II Amount” shall
mean, for each Sold Company listed thereon, the amount reflected on Schedule 1.1(a)
hereto under the heading “Tier II Amount” with respect to such Sold
Company.

       

      “Tier I Rate” shall
mean 71⁄2%.

       

      “Tier II Rate” shall
mean 15%.

       

      “Tier III Rate” shall
mean 100%.

       

      “Trademark” or “Trademarks” shall
mean any unregistered or registered trademarks and service marks in the United
States or foreign jurisdictions, and any applications to register same; any
trade names, brand names, product identifiers, certification marks, logos, trade
dress, and Internet domain names, and any registration thereof or application
therefor in the United States or foreign jurisdictions, including any extension,
modification or renewal of any such registration or application, and all
goodwill associated with all of the foregoing throughout the world, owned by any
of the Sellers and the Sold Companies and exclusively used in connection with
the conduct of the Business.

       

      “Trading Day” shall
mean a day on which shares of Bucyrus Stock are traded on the NASDAQ Global
Select Market.

       

      “Transfer Taxes” shall
mean any liability, obligation or commitment for transfer, documentary, sales,
use, registration, value-added, stamp duty and other similar Taxes (including
all applicable real estate transfer Taxes) and related amounts (including any
penalties, interest and additions to Taxes).

       

      “Transferred
Employees” shall mean those Business Employees who accept employment with
Buyer or any of its Affiliates or whose employment transfers from an Asset
Seller or an Affiliate of Seller Parent to Buyer or any of its Affiliates by
operation of Law, as a result of the arrangements set out in this
Agreement.

       

      “Transition
Agreements” shall mean the agreements for the provision of transition
services substantially in the form attached as Exhibit A
hereto.

       

      “TUPE Related Labor
Claims” shall mean the claims asserted against Buyer, any Subsidiary of
Buyer, Seller Parent or its Subsidiaries, or any Sold Company or its
Subsidiaries, as the case may be, by any employee of Seller Parent or its
Affiliates, including the Transferred Employees, passed to Buyer, any Subsidiary
of Buyer, or any Sold Company or its Subsidiaries, as the case may be, or any
Business Employee, based upon the allegation that his or her

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      employment
relationship passed or did not pass to Buyer, any Subsidiary of Buyer, or any
Sold Company or its Subsidiaries, as the case may be.

       

      “U.S. Business
Employee” shall mean any Business Employee of a Domestic
Seller.

       

      “U.S. GAAP” shall mean
United States generally accepted accounting principles and
practices.

       

      “U.S. Transferred Employees
Transition Date” shall have the meaning set forth in the Transition
Agreement.

       

      “WARN Act” shall mean
the Worker Adjustment and Retraining Notification Act of 1988, as amended, and
any successor or similar state or local Law, and the rules and regulations
promulgated thereunder and under any successor or similar state or local
Law.

       

      SECTION
1.2. Other
Interpretive Provisions.  The
words “hereof,” “herein” and “hereunder” and words of similar import when used
in this Agreement shall refer to this Agreement as a whole (including the
Schedules and Exhibits hereto) and not to any particular provision of this
Agreement, and all Article, Section, Schedule and Exhibit references are to this
Agreement unless otherwise specified.  The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without
limitation.”  The meanings given to terms defined herein shall be
equally applicable to both the singular and plural forms of such
terms.  Whenever the context may require, any pronoun shall include
the corresponding masculine, feminine and neuter forms.  Except as
otherwise expressly provided herein, all references to “dollars” or “$” shall be
deemed references to the lawful money of the United States of
America.

       

      ARTICLE
II

       

      PURCHASE
AND SALE OF ASSETS AND SHARES

       

      SECTION
2.1. Transfers of
Assets.

       

      (a) On
the Closing Date and subject to the terms and conditions set forth in this
Agreement, Seller Parent shall, and shall cause the Asset Sellers to, sell,
convey, assign, transfer and deliver to Buyer (and Buyer shall purchase, acquire
and accept from Seller Parent or such Asset Sellers), all of Seller Parent’s or
such Asset Sellers’ right title and interest to and in the Acquired Assets, free
and clear of all Encumbrances other than Permitted Encumbrances.

       

      (b) As
used in this Agreement, the term “Acquired Assets”
shall consist of all assets, property, rights and privileges of the Asset
Sellers that are primarily used or primarily held for use in the Business as of
the Closing Date wherever located, including all of the following items, but
excluding the Excluded Assets:

       

      (i)      all
right, title and interest of Seller Parent or the Asset Sellers in and to the
Owned Real Property;

       

      
        
           

        

        
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      (ii)           all
right, title and interest of Seller Parent or Asset Sellers in and to the Leased
Real Property, pursuant to the Real Estate Leases;

       

      (iii)           all
(i) Intellectual Property set forth on Schedule 3.15(a);
(ii) right, title and interest of Asset Sellers and their Subsidiaries
(including the Sold Companies) in any other Intellectual Property owned or
licensed or sublicensed by Seller Parent or any of the Asset Sellers or any of
their Subsidiaries (including the Sold Companies) to the extent exclusively used
in the Business, (iii) any goodwill associated with the foregoing, licenses and
sublicenses granted and obtained with respect thereto, and rights thereunder,
remedies against third parties for past, present, and future infringements
thereof, and rights to protection of past, present, and future interests therein
(including the rights to sue for and remedies against past, present and future
infringements of, and rights of priority and protection of interests therein
under the laws of any jurisdiction worldwide) under the law of all jurisdictions
(“Assigned
Intellectual Property”), all of which will be transferred by the holder
thereof directly to Buyer, through, inter alia, the assignments
described in Section 2.7(a)(iii)-(vi);

       

      (iv)           all
Contracts and Hedging Contracts to which a Sold Company or an Asset Seller is
party that are primarily related to the Business, excluding (x) such
arrangements relating to employment and employee benefits as set forth in this
Agreement and (y) confidentiality agreements relating to the sale of the
Business (collectively, the “Acquired
Contracts”);

       

      (v)           all
Books and Records;

       

      (vi)           Permits
held by the Sold Companies and, to the extent transferable under applicable Law,
Permits held by any of the Asset Sellers;

       

      (vii)           all
Tangible Personal Property and Rental Equipment;

       

      (viii)           
all Inventory held by or for the account of the Business as of the Effective
Time;

       

      (ix)           except
as set forth on Schedule 2.1(b)(ix),
(A) all computer and automatic machinery, servers, network equipment and
connections, that are primarily used or primarily held for use in the Business
and (B) all software, program documentation, tapes, manuals, forms, guides and
other materials with respect thereto and related licenses and other agreements
that are primarily used or primarily held for use in the Business;

       

      (x)           all
Accounts Receivable or other rights to receive payments arising out of or
primarily relating to the Business, any Acquired Asset or any Assumed Liability
as of the Effective Time, including Reedrill Third Party
Receivables;

       

      (xi)           all
causes of action, lawsuits, judgments, claims and demands of any nature
available to or being pursued by Seller Parent or any of its Affiliates to the
extent primarily related to the Business, any Acquired Asset or any Assumed
Liability, or the ownership, use, function or value of any Acquired Asset,
whether arising by way of counterclaim or otherwise;

       

      
        
           

        

        
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      (xii)           all
rights, claims and credits to the extent arising out of or relating to the
Business, any Acquired Asset or any Assumed Liability, including claims in
bankruptcy, and any such items arising under guarantees, warranties, offsets,
indemnities and all other intangible property rights or claims and similar
rights in favor of Seller Parent or any Asset Seller or any of their Affiliates
(other than the Sold Companies) to the extent arising out of or relating to the
Business, any Acquired Asset or any Assumed Liability;

       

      (xiii)           all
credits, prepaid expenses, deferred charges, advance or progress payments,
security deposits, prepaid items and duties to the extent related to the
Business, any Acquired Asset or any Assumed Liability;

       

      (xiv)           properties
and assets of any Benefit Plans to the extent contemplated by this Agreement;
and

       

      (xv)           all
goodwill of Seller Parent, the Asset Sellers, Sold Companies or their Affiliates
associated with the Acquired Assets, the Assumed Liabilities and the
Business.

       

      (c) As
used in this Agreement, the term “Excluded Assets”
shall mean the following assets of the Sellers and their
Affiliates:

       

      (i)           any
intercompany accounts receivable between the Business and the Sold Companies, on
the one hand, and Seller Parent or any of its other Affiliates, on the other
hand (other than the Sold Companies);

       

      (ii)           all
rights of the Sellers and their Affiliates (other than the Sold Companies) under
this Agreement, the Ancillary Agreements, if any, the Closing Agreements and any
other documents, instruments or certificates executed in connection with this
Agreement and the transactions contemplated hereby;

       

      (iii)           all
assets, other than Acquired Assets, of any kind whatsoever of the Sellers and
their Affiliates not primarily used or held for use in the
Business;

       

      (iv)           subject
to Section 5.17, Intellectual Property in and to the “Terex” brand name,
the “Terex”
logotype and trademark, service marks, trade names and domain names using the
“Terex” brand
name;

       

      (v)           except
to the extent as set forth in this Agreement, all properties and assets of any
Benefit Plans;

       

      (vi)           Cash
(except for Cash of the Sold Companies as of the Closing Date);

       

      (vii)           any
interest bearing securities held by the Sellers or the Sold
Companies;

       

      (viii)           the
corporate charters (or local equivalents), minutes and stock record books and
corporate seals of each Asset Seller;

       

      (ix)           any
confidentiality or other agreements relating to the potential sale of the
Business or any portion thereof;

       

      
        
           

        

        
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      (x)           any
capital stock of or any equity interest in any Person other than the Sold
Companies;

       

      (xi)           all
Tax losses and Tax loss carry forwards of the Asset Sellers and rights to
receive refunds, credits and credit carry forwards with respect to any and all
Taxes, to the extent attributable to a taxable period (or portion thereof)
ending on or prior to the Closing Date, including interest thereon, whether or
not the foregoing is derived from the Business;

       

      (xii)           all
current and prior insurance policies and all rights of any nature with respect
thereto, including all insurance recoveries thereunder and rights to assert
claims with respect to any such insurance recoveries;

       

      (xiii)           any
Books and Records to the extent their transfer is prohibited by applicable
Law;

       

      (xiv)           any
Permits to the extent not transferable under applicable Law;

       

      (xv)           all
rights, claims and credits to the extent arising out of or primarily relating to
any Excluded Asset or any Excluded Liability, including claims in bankruptcy,
and any such items arising under guarantees, warranties, offsets, indemnities
and all other intangible property rights or claims and similar rights in favor
of any Asset Seller or any of their Affiliates arising out of or primarily
relating to any Excluded Asset or any Excluded Liability; and

       

      (xvi)           the
assets listed or described on Schedule
2.1(c)(xvi).

       

      SECTION
2.2. Assumption of
Liabilities by Buyer.

       

      (a) On
the Closing Date and subject to the terms and conditions set forth in this
Agreement, Buyer shall expressly assume, and agree to pay or otherwise perform
or discharge, the Assumed Liabilities.

       

      (b) As
used in this Agreement, the term “Assumed Liabilities”
shall mean all Liabilities (including, for avoidance of doubt, the Liabilities
of the Sold Companies other than Excluded Liabilities), to the extent arising
out of, in respect of or relating to the Business or the Acquired Assets before,
on or after the Closing Date, including the following:

       

      (i)        all
Liabilities of any Seller under the Acquired Contracts;

       

      (ii)        all
trade accounts payable arising out of or primarily relating to the Business or
any Acquired Asset including Reedrill Third Party Payables, other than any such
accounts payable constituting an Excluded Liability;

       

      (iii)        all
Liabilities of any Seller or Sold Company under each of the Real Estate
Leases;

       

      (iv)        all
Liabilities of any Seller or any of their Affiliates in respect of any adverse
claims, disputes, Proceedings, investigations or inquiries (asserted, instituted
or rendered, or otherwise existing or occurring, prior to, on or at any time
after, the Closing Date)

       

      
        
           

        

        
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      arising
out of, relating to or otherwise in respect of, (x) any and all goods sold or
supplied, or services or other work performed (including, without limitation,
all liabilities, obligations or commitments of any Seller based on express or
implied warranties), by the Business before, on or after the Closing Date, or
(y) the Acquired Assets or the Business, or the existence, ownership,
possession, operation, conduct or condition thereof (whether by the Sellers or
any other Person) before, on or after the Closing Date;

       

      (v)        all
Liabilities, including liabilities relating to or arising out of employee
benefit plans or collective bargaining agreements, to the extent assumed by
Buyer pursuant to this Agreement;

       

      (vi)        to
the maximum extent permitted by Law, all Liabilities of the Sellers and their
Affiliates relating to workers’ compensation insurance, claims and benefits for
and by Transferred Employees, including, for the avoidance of doubt (A) all
similar statutory or contractual obligations in any jurisdiction to provide
insurance, compensation or benefits for injured employees, and (B) all
administrative functions pertaining to existing and future worker compensation
claims;

       

      (vii)        all
other Liabilities relating to or arising out of the employment or termination
thereof of any Transferred Employee to the extent assumed by Buyer pursuant to
this Agreement and all TUPE Related Labor Claims;

       

      (viii)                  
all Liabilities arising out of, based upon, resulting from or relating to the
Acquired Assets or the Business, whether express or implied, liquidated,
absolute, accrued, contingent or otherwise, or known or unknown, and based upon,
relating to, arising out of or resulting from any fact, circumstance,
occurrence, condition, act or omission occurring or existing, in whole or in
part, after the Closing;

       

      (ix)        all
Indebtedness that reduces the Purchase Price in accordance with Section
2.4;

       

      (x)        all
other Liabilities to the extent accrued on the Final Statement of Net Asset
Value;

       

      (xi)        all
other Liabilities listed or described on Schedule 2.2(b)(xi).

       

      (c)
Notwithstanding anything in this Agreement to the contrary, Buyer will not
assume or have any responsibility for any Excluded Liabilities.  As
used in this Agreement, the term “Excluded Liabilities”
shall mean the following Liabilities of the Sellers and their Affiliates arising
out of, in respect of, or relating to the Business or the Acquired
Assets:

       

      (i)           unless
otherwise required by applicable Law in respect of the Business and the Sold
Companies, any intercompany accounts payable due to the Sellers or their
Affiliates (other than the Sold Companies) as of the Closing Date other than
Intercompany Machine Payables created in the Ordinary Course of Business or set
forth in the Net Asset Value Statement;

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      (ii)           all
Liabilities, whether express or implied, liquidated, absolute, accrued,
contingent or otherwise, or known or unknown, to the extent arising out of the
operation or conduct or other activity by a Seller or any of its Affiliates of
any business other than the Business;

       

      (iii)           any
obligation of any Seller or any Sold Company to indemnify any Person (including
any of such Seller’s or Sold Company’s stockholders) by reason of the fact that
such Person was a director or officer of Seller or any of its Subsidiaries or
was serving at the request of any such entity as a partner, trustee, director or
officer of another entity (whether such indemnification is for judgments,
damages, penalties, fines, costs, amounts paid in settlement, losses, expenses
or otherwise and whether such indemnification is pursuant to any statute,
charter document, bylaw, agreement or otherwise), in each case, to the extent
relating to or arising from acts and circumstances arising prior to the Closing
Date;

       

      (iv)           all
Liabilities that relate primarily to, or that arise primarily out of, any
Excluded Asset;

       

      (v)           all
Liabilities of the Sellers or their Affiliates or the Business under
confidentiality agreements to which any Seller is a party relating to the sale
of the Business;

       

      (vi)           any
Liability for any unpaid Taxes of any Person under Treasury Regulation §1.1502-6
(or any similar provision of state, local or non-U.S. Law), as a transferee or
successor, by contract or otherwise;

       

      (vii)           all
Liabilities for Taxes, whether or not accrued, assessed or currently due and
payable, relating to the operation or ownership of the Business (including for
clarification the Sold Companies and the Acquired Assets) for any period ending
on or prior to the Closing Date and, in the case of a Straddle Period (all
Liabilities for Taxes apportioned to the period ending on or before the Closing
Date in the manner described in Section 5.7(d) hereof), except to the extent of
the amounts reflected on the Final Statement of Net Asset Value;

       

      (viii)           Liabilities
relating to the factoring of Accounts Receivable; and

       

      (ix)           all
other Liabilities listed or described on Schedule 2.2(c)(ix).

       

      SECTION
2.3. Transfer of
Shares; Issuance of Shares.  On
the Closing Date and subject to the terms and conditions set forth in this
Agreement, Seller Parent shall, and shall cause the Share Sellers to, sell,
convey, assign, transfer and deliver to Buyer, and Buyer will purchase, acquire
and accept from Seller Parent and the Share Sellers, all of Seller Parent’s and
the Share Sellers’ right, title and interest in and to the Sold Shares, free and
clear of all Encumbrances other than Permitted Encumbrances and such
Encumbrances, if any, as may be created by or on behalf of Buyer.

       

      SECTION
2.4. Consideration. (a)  On
the Closing Date and subject to the terms and conditions set forth in this
Agreement, in consideration of the sale, conveyance, assignment and transfer of
the Sold Shares and the Acquired Assets, Buyer will pay to Seller Parent and the
other Sellers, $1,300,000,000.00 (One Billion Three Hundred Million Dollars)
less the Estimated Aggregate Discounted Amount, if any, plus or minus Estimated
Net Cash (i.e. minus Estimated

       

      
        
           

        

        
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      Net Cash
if Estimated Net Cash is determined to be negative), by wire transfer of
immediately available funds in U.S. dollars, net of any withholdings that Buyer
reasonably determines may be required by Law and for which Buyer notifies Seller
Parent in writing thereof by January 30, 2010 (the “Initial Purchase
Price,” and as adjusted pursuant to Section 2.4(b), Section 2.8 and
Section 2.10(d), the “Purchase Price”);
provided however, that Buyer shall not
withhold an amount from the Purchase Price if Seller Parent provides Buyer with
a written opinion from a nationally recognized accounting firm or law firm that
it is more likely than not that Buyer is not required to withhold such amounts
in respect of the Purchase Price.  Buyer and Seller Parent agree to
cooperate in determining whether and to what extent the amounts paid in respect
of the Purchase Price may be subject to withholding. In furtherance thereof,
Buyer and Seller shall cooperate to prepare and file all forms, applications and
other procedures to minimize any required withholdings, including, without
limitation, the filing of an application with the Canada Revenue Agency for a
clearance certificate.  Notwithstanding the foregoing, Buyer shall not
withhold any amounts for which Seller Parent was not notified in writing of such
amounts by January 30, 2010, without Seller Parent’s written consent not to be
unreasonably withheld.

       

      (b) No
later than two Business Days prior to the Closing Date, Seller Parent shall
deliver to Buyer a good faith estimate of (x) Cash of the Sold Companies as of
the Closing Date, less the sum of any Indebtedness of the Sold Companies (“Closing Date Net
Cash”, and such estimate referred to as “Estimated Net Cash”)
and (y) the Aggregate Discounted Amount (such estimate referred to as the “Estimated Aggregate
Discounted Amount”).  Following the Closing, the parties shall
calculate and agree upon Closing Date Net Cash and the Aggregate Discounted
Amount (or failing such agreement under Section 2.8(a), Closing Date Net Cash
and Aggregate Discounted Amount will be determined as provided in Section 2.8
using the procedural requirements set forth in Section 2.8).  To the
extent Estimated Net Cash exceeds Closing Date Net Cash, Seller Parent shall pay
to Buyer such excess in U.S. dollars.  To the extent Closing Date Net
Cash exceeds Estimated Net Cash, Buyer shall pay to Seller Parent such excess in
U.S. dollars. To the extent Estimated Aggregate Discounted Amount exceeds
Aggregate Discounted Amount, Buyer shall pay to Seller Parent such excess in
U.S. dollars. To the extent Aggregate Discounted Amount exceeds Estimated
Aggregate Discounted Amount, Seller Parent shall pay Buyer such excess in U.S.
dollars.  Such payment shall be made contemporaneously with, and
without duplication of, payments between the parties pursuant to
Section  2.8(d).

       

      SECTION
2.5. Equity
Option.  (a)  Seller
Parent may request that $300,000,000.00 (such amount, as may be adjusted upon
mutual agreement of the Parties, the “Equity Amount”) of
the Purchase Price be paid in the form of Bucyrus Stock in accordance with this
Section 2.5, and as set forth in the Equity Agreement (as defined
below).  To make such request, Seller Parent shall give written notice
(the “Equity
Notice”) to Buyer, as promptly as practicable following the date of this
Agreement.  The amount of Bucyrus Stock to be delivered in respect of
the Equity Amount shall equal the Stock Consideration (as defined
below).  Seller Parent may request that the Equity Amount be paid in
whole or in part for Acquired Assets and/or in whole or in part in exchange for
the equity of certain of the Sold Companies (and such request shall be specified
in the Equity Notice).  Buyer and Seller Parent shall cooperate with
one another in good faith in an effort to structure the Equity Agreement and the
allocation of the Stock Consideration between Acquired Assets and equity of Sold
Subsidiaries in a mutually beneficial manner, including in respect of
taxes.

       

      
        
           

        

        
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      (b)
Completion of the Equity Agreement and the delivery of the Stock Consideration,
as part of the Initial Purchase Price (and the corresponding reduction in the
cash portion of the Purchase Price under Section 2.4(a)), is conditioned upon
(i) receipt of the Equity Notice; (ii) completion of the due diligence
contemplated by Section 2.5(c) reasonably satisfactory to Seller Parent; (iii)
the entry into the purchase agreement and any amendments to this Agreement as
contemplated by Section 2.5(d), in each case reasonably satisfactory to Buyer
and Seller Parent; and (iv) satisfaction of any conditions precedent in the
Equity Agreement; provided that in the event that each of the conditions set
forth in clauses (i) through (iii) are not satisfied on or before January 15,
2010, the Equity Notice shall be deemed to have been fully and irrevocably
withdrawn.

       

      (c) Prior
to Closing (following Seller Parent’s delivery of the Equity Notice), Buyer
shall, subject to Seller Parent’s entering into customary confidentiality
arrangements similar to the Confidentiality Agreement, afford Seller Parent the
opportunity, at Seller Parent’s request, to conduct customary due diligence with
respect to Buyer and the Bucyrus Stock, including making the Buyer’s management
team reasonably available for such purposes.

       

      (d) Upon
receipt by Buyer of the Equity Notice, Buyer and Seller Parent shall in good
faith negotiate mutually acceptable transfer documentation (the “Equity Agreement”)
for the Stock Consideration, including amending this Agreement to the extent
necessary.  Such documentation or amendment to this Agreement shall in
any event include or provide for the following:

       

      (i)           The
Equity Agreement shall include customary representations and warranties from
Buyer in favor of the Seller Parent as to Buyer’s and its Subsidiaries
existence, good standing, authorization and absence of conflicts and required
consents, capitalization, the validity of the Bucyrus Stock, Buyer’s periodic
reports under the Exchange Act, financial statements and absence of a material
adverse change and from Seller Parent in favor of Buyer as to existence, good
standing, authorization and absence of conflicts and required consents that are
customary, where the consideration or a portion of the consideration is to be
paid in the stock of a publicly traded company listed on a national securities
exchange, and from Seller Parent in favor of Buyer as to which representations
and warranties shall (i) survive the Closing for a period of 18 months (except
for certain representations and warranties that shall survive for periods
consistent with those set forth in Section 9.5 hereof) and (ii) otherwise be
deemed to be representations and warranties under this Agreement for all
purposes, including Article IX hereof.

       

      (ii)           A
Stockholders’ Agreement under which Seller Parent shall agree to be subject to
(A) a customary standstill agreement restricting certain corporate actions for a
period of the shorter of (x) five (5) years and (y) the time at which
Seller Parent and its Affiliates no longer hold 5% or more of the outstanding
Bucyrus Stock and (B) restrictions on transferring or selling the Stock
Consideration, including an initial lockup period of one year.  Seller
Parent shall not at any time during the lock-up period, enter into any Hedging
Contracts with respect to, or enter any other transaction that is intended to or
otherwise would have the effect of transferring an economic interest in, the
Stock Consideration.

       

      
        
           

        

        
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      (iii)           Under
the Stockholders’ Agreement, Buyer will agree, after the Closing Date to effect
one underwritten demand registration pursuant to which the Stock Consideration
shall be registered (subject to customary “cutback” provisions) and will agree
to maintain a “shelf” registration, subject to customary terms and conditions,
at Seller Parent’s request in order to facilitate Seller Parent’s desired
liquidity in the Bucyrus Stock.  Buyer shall also provide Seller
Parent with customary “piggy back” registration rights, subject to customary
limitations.  Seller Parent’s registration rights will expire at such
time as Seller Parent is entitled to sell all of the Stock Consideration in any
three-month period without material restriction pursuant to Rule 144 under the
Securities Act.

       

      SECTION
2.6. The
Closing.  Unless
this Agreement shall have been terminated pursuant to Article VIII, and subject
to satisfaction or waiver of the conditions set forth in Articles VI and VII,
the closing (the “Closing”) of the
transactions contemplated by this Agreement with respect to the Domestic Assets
and the Domestic Shares shall take place at the offices of Bryan Cave LLP, 1290
Avenue of the Americas, New York, New York, 10104, on a day that is at least
five Business Days following the satisfaction or waiver of all of the conditions
set forth in Articles VI and VII hereof (the “Domestic Closing
Date”, or “Closing Date”), or at
such other place and time as may be agreed upon by Seller Parent and
Buyer.  Unless the parties agree otherwise, the Closing will be deemed
to have occurred at the close of business local time in each applicable
jurisdiction on the Closing Date (with respect to each such jurisdiction, the
“Effective
Time”). The closings of the sale of the Foreign Acquired Assets and
Foreign Sold Shares (the “Foreign Closing”)
shall take place on the Domestic Closing Date, or as soon as practicable
thereafter, at such places as may be specified in the respective Foreign
Implementation Agreements relating to the such Foreign Acquired Assets and
Foreign Sold Shares.

       

      SECTION
2.7. Deliveries at the
Closing.

       

      (a) At or
prior to the Closing, Seller Parent shall deliver or cause to be delivered to
Buyer the following:

       

      (i)           with
respect to the Acquired Assets, bills of sale in form and substance mutually
agreed upon by Buyer and Seller Parent, each acting reasonably (the “Bills of Sale”) and
any other deeds, assignments and other instruments of transfer necessary to
transfer and assign all right, title and interest of the Sellers in, to and
under the Acquired Assets (exclusive of the Real Property) (the “Transfer Documents”),
duly executed by the appropriate Sellers;

       

      (ii)           the
Ancillary Agreements to which each Seller is a party, duly executed and
delivered by such Seller, to the extent not executed and delivered by such
parties prior to Closing;

       

      (iii)           the
Assignment of Intellectual Property, executed by the appropriate Sellers, and
any and all documents, agreements, certificates and other instruments as may be
necessary to register any Assigned Intellectual Property in the name of Buyer or
designee thereof;

       

      
        
           

        

        
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      (iv)           the
Assignment of Trademarks, executed by the appropriate Sellers, and any and all
documents, agreements, certificates and other instruments as may be necessary to
register the trademarks constituting Assigned Intellectual Property in the name
of Buyer or designee thereof;

       

      (v)           the
Assignment of Patents, executed by the appropriate Sellers, and any and all
documents, agreements, certificates and other instruments as may be necessary to
register any patent constituting Assigned Intellectual Property in the name of
Buyer or designee thereof;

       

      (vi)           the
Assignment of Copyrights, executed by the appropriate Sellers, and any and all
documents, agreements, certificates and other instruments as may be necessary to
register any copyright constituting Assigned Intellectual Property in the name
of Buyer or designee thereof;

       

      (vii)           with
respect to each parcel of Owned Real Property that is owned by an Asset Seller,
a duly executed and acknowledged deed (or local legal equivalent), in each case
in proper recordable form and sufficient to vest in Buyer good and marketable
title to each such parcel of Owned Real Property, in each case free and clear of
all Encumbrances other than Permitted Encumbrances (collectively, the “Deeds”), together
with such affidavits, tax forms, and other documentation as may be required by
applicable Law to allow for recordation;

       

      (viii)           an
assignment and assumption agreement relating to each Real Estate Lease held by
an Asset Seller, in form and substance to be mutually agreed by Buyer and Seller
Parent, each acting reasonably (subject to any modifications advisable to
comport with local applicable Law) (the “Assignment and Assumption of
Real Estate Leases”);

       

      (ix)           forms
relating to Transfer Taxes (to the extent required from the grantor of property
in the applicable jurisdiction);

       

      (x)           from
each Asset Seller conveying a “United States real property interest” (within the
meaning of Section 897(c) of the Code) an affidavit, sworn to under penalty of
perjury, setting forth such Asset Seller’s name, address and federal tax
identification number and stating that such Asset Seller is not a “foreign
person” within the meaning of Section 1445 of the Code and Treasury Regulation
Section 1.1445-2(b);

       

      (xi)           from
each Share Seller conveying a Sold Company that owns a “United States real
property interest” (within the meaning of Section 897(c) of the Code), either
(i) an affidavit, sworn to under penalty of perjury, setting forth such Share
Seller’s name, address and federal tax identification number and stating that
such Share Seller is not a “foreign person” within the meaning of Section 1445
of the Code and Treasury Regulation Section 1.1445-2(b), or (ii) a statement
issued by the Sold Company pursuant to Treasury Regulation Sections 1.897-2(h)
and 1.1445-2(c)(3) and dated not more than 30 days prior to Closing certifying
that interests in the Sold Company are not “United States real property
interests” within the meaning of Section 897(c) of the Code and a copy of the
notice provided to the IRS in connection with such statement as required
pursuant to Treasury Regulation Section 1.897-2(h)(2);

       

      (xii)           the
certificate to be delivered pursuant to Section 7.3; and

       

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

      (xiii)           such
other instruments and documents, in form and substance reasonably acceptable to
Seller Parent and Buyer, as may be reasonably requested by Buyer to effect the
Closing.

       

      (b) At or
prior to the Closing, Seller Parent shall deliver or cause to be delivered to
Buyer the following:

       

      (i)           with
respect to the Sold Shares, stock certificates (or local legal equivalent),
evidencing the Sold Shares to be sold by such Share Seller (duly endorsed in
blank if required by local Law), or accompanied by stock powers (or other
instruments of transfer, effective to transfer the Sold Shares to Buyer) duly
executed in blank;

       

      (ii)           the
corporate charters (or local equivalent), minutes and stock record books and
corporate seals of each Sold Company, in each case, to the extent
available;

       

      (iii)           from
each Share Seller conveying a Sold Company that owns Real Property located in
the United States, an affidavit, sworn to under penalty of perjury, setting
forth such Share Seller’s name, address and federal tax identification number
and stating that such Share Seller is not a “foreign person” within the meaning
of Section 1445 of the Code; and

       

      (iv)           such
other instruments and documents, in form and substance reasonably acceptable to
Buyer and Seller Parent, contemplated to be delivered by it pursuant to Article
VII below or otherwise as may be reasonably requested by Buyer to effect the
Closing.

       

      (c) At or
prior to the Closing, Buyer shall deliver or cause to be delivered to the
Sellers the following:

       

      (i)           the
Initial Purchase Price by wire transfer of immediately available funds to an
account or accounts designated in writing by Seller Parent;

       

      (ii)           duly
executed agreements and other documents and instruments providing for the
effective assumption of the Assumed Liabilities, in form and substance
reasonably acceptable to the Sellers;

       

      (iii)           the
Transfer Documents (to the extent required);

       

      (iv)           the
Assignment of Intellectual Property, the Assignment of Trademarks, the
Assignment of Patents and the Assignment of Copyrights;

       

      (v)           the
Assignment and Assumption of Real Estate Leases, each in form and substance
reasonably satisfactory to Seller Parent and Buyer and duly executed by
Buyer;

       

      (vi)           the
certificate to be delivered pursuant to Section 6.3;

       

      (vii)           the
Ancillary Agreements, duly executed and delivered by Buyer, to the extent not
executed and delivered by such parties prior to Closing; and

       

      
        
           

        

        
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      (viii)           such
other instruments and documents, in form and substance reasonably acceptable to
Buyer and Seller Parent, as contemplated to be delivered by it pursuant to
Article VI below or otherwise as may be reasonably requested by Seller Parent to
effect the Closing.

       

      (d) At or
prior to the Closing, Seller Parent and Buyer shall, or shall cause their
respective Affiliates to, as applicable, execute and deliver each of the
following agreements, if Seller Parent and Buyer shall determine that such
agreements shall be necessary:

       

      (i)           the
Foreign Implementation Agreements;

       

      (ii)           the
Transition Agreements (together with the Foreign Implementation Agreements, the
“Closing
Agreements”); and

       

      (iii)           the
IP License Agreement and the Equity Agreement, if any (the “Ancillary
Agreements”).

       

      SECTION
2.8. Post-Closing
Purchase Price Adjustment.

       

      (a)
Within 60 days after the Closing Date, Buyer will prepare, or cause to be
prepared, a statement containing a calculation of the Net Asset Value as of the
Closing Date (the “Net
Asset Value Statement”), which shall be prepared in accordance with the
definition of Net Asset Value.  “Net Asset Value”
shall mean the book value of those components of the Acquired Assets (excluding
any Excluded Assets) less those components of the Assumed Liabilities (excluding
any Excluded Liabilities), and the book value of those components of the assets
and liabilities of the Sold Companies, in each case as set forth in Schedule 2.8(a) and
determined on a combined basis in accordance with the same accounting principles
used in the preparation of the Base Statement of Net Asset Value applied on a
basis consistent with, and reflecting all categories of adjustments on, the Base
Statement of Net Asset Value in each case in accordance with U.S. GAAP as in
effect as of December 31, 2009 and on the same currency exchange rates as those
reflected on such Schedule
2.8(a).  For the avoidance of doubt, Cash and Indebtedness
shall be excluded in the determination of Net Asset Value.  Seller
Parent will assist and cooperate with Buyer in the preparation of the Net Asset
Value Statement, including by providing Buyer and its accountants access to the
books and records of the Business in its possession and to any other information
in its possession necessary to prepare the Net Asset Value
Statement.

       

      (b)
Seller Parent shall, within 30 days after the delivery by Buyer of the Net Asset
Value Statement, complete its review of the Net Asset Value
Statement.  In the event that Seller Parent determines that the Net
Asset Value Statement has not been prepared on a basis consistent with the
requirements of Section 2.8(a), Seller Parent shall, on or before the last day
of such 30-day period, inform Buyer in writing (the “Objection”), setting
forth a specific description of the basis of the Objection, the adjustments to
the Net Asset Value Statement which Seller Parent believes should be made, and
Seller Parent’s calculation of the Net Asset Value, and Seller Parent shall be
deemed to have accepted any items not specifically disputed in the
Objection.  Failure to so notify Buyer within such 30-day period shall
constitute acceptance and approval of Buyer’s calculation of the Net Asset
Value.

       

      
        
           

        

        
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      (c) Buyer
shall have 30 days following the date it receives the Objection to review and
respond to the Objection.  Seller Parent will provide Buyer and its
accountants access to any relevant books and records of the Business not in the
possession of Buyer, work papers and to any other information necessary to
evaluate the Objection.  If Seller Parent and Buyer are unable to
resolve all of their disagreements with respect to the determination of the
foregoing items by the 30th day
following Buyer’s response thereto, after having used their good faith efforts
to reach a resolution, they shall refer their remaining differences to Ernst
& Young LLP or another internationally recognized firm of independent public
accountants as to which Seller Parent and Buyer mutually agree (the “CPA Firm”), who
shall, acting as experts in accounting and not as arbitrators, determine on a
basis consistent with the requirements of Section 2.8(a), and only with respect
to the specific remaining accounting related differences so submitted, whether
and to what extent the Net Asset Value Statement requires
adjustment.  Seller Parent and Buyer shall request the CPA Firm to
render its determination within 45 days.  The CPA Firm’s determination
shall be conclusive and binding upon Seller Parent and Buyer.  Seller
Parent and Buyer shall make reasonably available to the CPA Firm and each other
all relevant books and records, any work papers (including those of the parties’
respective accountants) and supporting documentation relating to the Net Asset
Value Statement and all other items reasonably requested by the CPA
Firm.  The “Final Statement of Net Asset
Value” shall be (i) the Net Asset Value Statement in the event that
Seller Parent notifies Buyer that there will be no Objection or no Objection is
delivered to Buyer during the initial 30-day period specified above, (ii) the
Net Asset Value Statement, as adjusted in accordance with the Objection, in the
event that Buyer notifies Seller Parent that it accepts its Objection or Buyer
does not respond to the Objection during the 30-day period specified above
following receipt by Buyer of the Objection or (iii) the Net Asset Value
Statement, as adjusted pursuant to the agreement of Buyer and Seller Parent or
as adjusted by the CPA Firm, together with any other modifications to the Net
Asset Value Statement agreed upon by Seller Parent and Buyer.  All
fees and disbursements of the CPA Firm shall be borne equally by Seller Parent,
on the one hand, and Buyer, on the other hand.

       

      (d) (i)
If the calculation of the Net Asset Value contained in the Final Statement of
Net Asset Value is less than the Seller NAV Threshold, Seller Parent shall pay
an amount in cash equal to the amount of such deficiency in immediately
available funds to Buyer within three (3) Business Days after the ultimate
determination of the Final Statement of Net Asset Value as provided in this
Section 2.8(d).

       

      (ii) If
the Closing Date occurs on or before February 28, 2010 and the calculation of
the Net Asset Value contained in the Final Statement of Net Asset Value is
greater than the Buyer NAV Threshold (such difference being referred to as
“Buyer
Excess”), Buyer shall pay an amount in cash equal to the amount of such
Buyer Excess to Seller Parent up to a maximum of $25,000,000.

       

      (iii) If
the Closing Date occurs after February 28, 2010 and the Buyer Excess is less
than or equal to $25,000,000, Buyer shall pay an amount in cash equal to the
amount of such Buyer Excess to Seller Parent.

       

      (iv) If
the Closing Date occurs after February 28, 2010 and the Buyer Excess is greater
than $25,000,000, the Buyer Excess shall also be calculated as of February 28,
2010 (the “February
Buyer Excess”).  If the Buyer Excess as of the Closing Date is
(x) less than the

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

      February
Buyer Excess, Buyer shall pay an amount in cash equal to the amount of such
February Buyer Excess up to a maximum of $25,000,000 or (y) greater than the
February Buyer Excess, Buyer shall pay an amount in cash equal to the amount of
such February Buyer Excess up to a maximum of $25,000,000, plus an amount equal
to the amount by which the Buyer Excess as of the Closing Date exceeds the
February Buyer Excess.

      

      SECTION
2.9. Purchase Price
Allocation.

       

      (a) The
Purchase Price (including the amount of Liabilities that are treated as assumed
for Tax purposes) shall initially be allocated among (i) the Acquired Assets and
(ii) the Sold Shares as set forth on Schedule
2.9.  Where the allocation on Schedule 2.9 is for a
group of Acquired Assets or a Sold Company for which a Section 338(g) election
is made pursuant to Section 5.6(d) herein, then prior to the Closing, Seller
Parent and Buyer shall mutually agree to make further sub-allocations in the
Purchase Price to the applicable Acquired Assets in each such group listed on
Schedule 2.9 in
accordance with Section 1060 of the Code, as appropriate, and such allocation
shall be set forth on a separate schedule (the “Allocation
Schedule”).  To the extent Seller Parent and Buyer cannot agree
on a mutually acceptable Allocation Schedule, the Allocation Schedule shall be
prepared by the mutually agreed upon CPA Firm, whose decision shall be final and
binding and whose expenses shall be shared equally by Seller Parent and
Buyer.  The Allocation Schedule shall be finalized and agreed to as
soon as reasonably practicable after the Final Statement of Net Asset Value is
determined in accordance with the procedures set forth in the preceding
sentence.  In the event an adjustment to the Purchase Price is made
pursuant to Section 2.8 or otherwise under this Agreement, Seller Parent will
prepare, in accordance with the above provisions, and provide to Buyer a revised
Allocation Schedule and Buyer and Seller Parent will file amended IRS Forms
8594.

       

      (b)
Except as otherwise required by applicable Law, Seller Parent and Buyer shall,
and shall cause their respective Affiliates, to report the Tax consequences of
the transactions contemplated by this Agreement in a manner consistent with the
Allocation Schedule and the Purchase Price allocation described therein, as it
may be revised from time to time, and shall not take any position inconsistent
therewith in preparing any Tax Returns, IRS Form 8594 and any other Tax forms or
filings, as well as in preparing any published financial statements, and, unless
required by Law, none of Buyer, Seller Parent or their respective Affiliates
shall take any position inconsistent therewith upon examination of any Tax
Return, in any Tax refund claim, or in any Tax litigation or investigation,
without the prior written consent of Buyer or Seller Parent, as the case may be;
provided, however, that Buyer’s
Tax basis in the Acquired Assets and the Sold Shares may exceed the total amount
allocated to the Acquired Assets and the Sold Shares pursuant to this Section
2.9 to reflect Buyer’s capitalized transaction costs, and the Sellers’ amount
realized may be less than the total amount allocated to the Acquired Assets and
the Sold Shares pursuant to this Section 2.9 in order to reflect the Sellers’
transaction costs.

       

      SECTION
2.10. Completion of
Transfers. 

       

      (a) The
entire beneficial interest in and to, and the risk of loss with respect to, the
Sold Shares, the Acquired Assets and the Assumed Liabilities shall pass to Buyer
as of the Domestic Closing Date, regardless of when legal title thereto shall be
transferred to Buyer.  All

       

      
        
           

        

        
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      operations
of the Business shall be for the account of the Sellers up to the Effective Time
and shall be for the account of Buyer thereafter, subject to Section
2.10(d).  In the event legal title to any of the Sold Shares or the
Acquired Assets is not transferred at the Closing, the Seller of such Sold
Shares or Acquired Assets shall hold such Sold Shares or Acquired Assets as
nominee for Buyer until completion of such transfers.

       

      (b) In
the event that (i) the legal interest in the Foreign Sold Shares or the Foreign
Acquired Assets, or any claim, right or benefit arising thereunder or resulting
therefrom cannot be sold, assigned, transferred, conveyed or delivered as
contemplated hereunder as of the Domestic Closing Date because any Consents
required for such transfer have not been obtained or waived (“Foreign Deferred
Transfers”) and (ii) such Foreign Deferred Transfers consist solely of De
Minimis Foreign Transfers, then the sale, assignment, transfer, conveyance and
delivery of the legal interest in such De Minimis Foreign Transfers shall be
deferred until such Consents have been obtained.  Seller Parent shall,
and shall cause the Share Sellers and the Asset Sellers, and Buyer shall and
shall cause its Affiliates to use commercially reasonable efforts to cooperate
in obtaining such Consents as may be necessary to complete such transfers as
soon as practicable (provided that neither the Sellers nor Buyer or its
Affiliates shall be required to expend money, commence any litigation or offer
or grant any accommodation (financial or otherwise) to any third party (other
than immaterial filing, recordation or similar fees).  Subject to
Article VII, the failure of Seller Parent to obtain any required Consents prior
to Closing in respect of De Minimis Foreign Transfers shall not affect Buyer’s
obligations to close under this Agreement or to pay, or cause to be paid, the
Initial Purchase Price.  Nothing in this Agreement shall be construed
as an attempt to assign to Buyer any legal interest in any of the Sold Shares or
the Acquired Assets which, as a matter of law or by the terms of any legally
binding contract, engagement or commitment to which any of the Sellers or the
Sold Companies are subject, is not assignable without the consent of any other
party, unless such consent shall have been given.  Once such Consents
are obtained, Seller Parent shall, and shall cause the Asset Sellers or the
Share Sellers, as the case may be, to sell, assign, transfer, convey and deliver
any such De Minimis Foreign Transfers.  For purposes of this Section
2.10(b), “De Minimis
Foreign Transfer” means the shares or assets with respect to any or all
of the following:  (i) PT Terex (Indonesia); (ii) Hypac (China); (iii)
Terex NHL (China); (iv) the portion of the Business and Acquired Assets located
in or subject to the jurisdiction of Chile; and (v) the portion of the Business
and Acquired Assets located in or subject to the jurisdiction of South
Africa.  For the avoidance of doubt, De Minimis Foreign Transfers
shall not include any of the following:  (i) any portion of the
Business and Acquired Assets located in or subject to the jurisdiction of
Germany; (ii) Terex Mining Australia and any portion of the Business and
Acquired Assets located in or subject to the jurisdiction of Australia; (iii)
Equipo de Acuña S.A. de C.V. and any portion of the Business and Acquired Assets
located in or subject to the jurisdiction of Mexico; (iv) O&K and any
portion of the Business and Acquired Assets located in or subject to the
jurisdiction of Canada; and (v) Halco and any portion of the Business and
Acquired Assets located in or subject to the jurisdiction of the United
Kingdom.

       

      (c)
Pending the assignments, conveyances and transfers referred to in Section
2.10(b), Seller Parent shall hold and cause the other Sellers to hold any such
non-assigned Sold Shares or Acquired Assets for the benefit and at the risk of
Buyer and shall cooperate with Buyer in any lawful and reasonable arrangements
designed to provide Buyer the benefits of ownership thereof, including
indemnities, that they would have obtained had such Sold Shares or
Acquired

       

      
        
           

        

        
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      Assets
been sold, assigned, transferred, conveyed or delivered to Buyer at the Closing,
and shall pay to Buyer promptly upon receipt thereof, all income, proceeds and
other monies received by Seller Parent or any of its Affiliates in connection
with its use of any such Foreign Sold Shares or Foreign Acquired Assets (net of
any Taxes and any other costs imposed upon Seller Parent or any of its
Affiliates) in connection with the arrangements under this Section 2.10,
including, without limitation, entering into at the reasonable request of Buyer
appropriate management agreements in form and substance mutually agreeable to
the parties.  Each Party shall pay its own expenses in connection with
establishing the arrangements under this Section 2.10.  Any Taxes,
costs, expenses or other Liabilities imposed on or incurred by Seller Parent or
any of its Affiliates with respect to any Foreign Sold Shares or Foreign
Acquired Assets in connection with the arrangements under this Section 2.10
shall be borne by Buyer.

       

      (d) If,
after the Domestic Closing Date, any Foreign Acquired Assets or any Foreign Sold
Shares are unable to be transferred as contemplated by this Agreement by
March 31, 2011 (the “Foreign Outside
Date”) as a result of failure to obtain the applicable Consent, then this
Agreement shall terminate with respect to such Foreign Acquired Assets or
Foreign Sold Shares and the Purchase Price shall be further adjusted by (i)
recalculating the Final Net Asset Value to exclude such Foreign Acquired Assets,
Foreign Sold Companies and the Foreign Assumed Liabilities, as of the Closing
Date and (ii) including any benefits received by Buyer with respect to such
Foreign Acquired Assets or Foreign Sold Companies from the Closing Date through
the Foreign Outside Date.  To the extent (x) the Purchase Price is
increased as result of such adjustment, Buyer shall pay Seller Parent such
difference and (y) the Purchase Price is decreased by such adjustment, Seller
Parent shall pay Buyer such difference.  In the event failure to
obtain a Consent is the result of a failure by a party hereto to perform any
covenants or agreements in this Agreement in connection with obtaining a
Consent, such failing party may not receive payment pursuant to this Section
2.10(d), and the non-defaulting party shall retain all its indemnity and other
rights set out in this Agreement with respect to such failure to perform its
agreements hereunder. Buyer and Seller Parent shall enter into such arrangements
to the extent permitted by applicable Law (including subleasing, sublicensing or
subcontracting) to provide to the parties hereto the economic (taking into
account Tax and other costs and benefits) and operational equivalent, to the
extent permitted, of obtaining such Consents and the performance by the
applicable Sellers of the obligations thereunder.

       

      ARTICLE
III

       

      REPRESENTATIONS
AND WARRANTIES OF SELLER PARENT

       

      Seller
Parent hereby represents and warrants to Buyer as follows:

       

      SECTION
3.1. Organization.  Each
of the Sellers and the Sold Companies is a corporation or other business entity
duly incorporated or organized, validly existing and in good standing under the
Laws of its jurisdiction of incorporation or organization.  Each of
the Sellers and the Sold Companies has all requisite corporate or other power
and authority to own its assets and to carry on its business as now being
conducted and is duly qualified or licensed to do business and is in good
standing in the jurisdictions in which the ownership of its property or the
conduct of its business requires such qualification or license, except where the
failure to be so

       

      
        
           

        

        
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      qualified
or licensed would not reasonably be expected, individually or in the aggregate,
to have a Company Material Adverse Effect.

       

      SECTION
3.2. Authorization;
Enforceability. (a)  Each
of the Sellers and the Sold Companies has all requisite corporate power and
authority to carry on its business as it is now being conducted and to execute
and deliver this Agreement, each Ancillary Agreement and each Closing Agreement
to which it is a party, and to perform its obligations hereunder and thereunder.
The execution, delivery and performance by any Seller or Sold Company of this
Agreement and each Closing Agreement to which it is a party, and the performance
by such Seller or Sold Company of its obligations hereunder and thereunder, have
been or will have been at the Closing duly and validly authorized by all
requisite corporate action.

       

      (b) This
Agreement constitutes, and each Ancillary Agreement or Closing Agreement to
which any Seller or Sold Company is a party will constitute, a valid and binding
obligation of such Seller or Sold Company, as the case may be, enforceable
against such Seller or Sold Company, as the case may be, in accordance with its
terms, except as enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar Laws affecting creditors’ rights generally
or by general principles of equity (regardless of whether enforcement is sought
in a proceeding in equity or Law).

       

      SECTION
3.3. Capital Stock of
the Sold
Companies.  Set forth on Schedule 3.3 is
the jurisdiction of incorporation or organization and the number of authorized,
issued and outstanding shares (or other applicable equity interest) of the Sold
Companies and, except as set forth on Schedule 3.3, there
are no other authorized, issued or outstanding shares of capital stock of the
Sold Companies.  Except as set forth on Schedule 3.3, all of
the issued and outstanding Sold Shares are owned of record and will be
transferred free and clear of any Encumbrances other than Permitted Encumbrances
by the Share Seller identified on Schedule 3.3 as
owning such Sold Shares.  Except as set forth on Schedule 3.3, all of
such issued and outstanding Sold Shares have been validly issued, are fully paid
and nonassessable and have not been issued in violation of any preemptive or
similar rights. Except as set forth on Schedule 3.3, there
are no preemptive or outstanding options, warrants, calls, rights or any other
agreements or commitments relating to the sale, issuance, disposition or voting
of any shares of the capital stock of, or other equity interests in, the Sold
Companies, or any securities or other instruments convertible into, exchangeable
for or evidencing the right to purchase any shares of capital stock of, or other
equity interests in, the Sold Companies.  There are no phantom stock
or similar rights providing economic benefits based, directly or indirectly, on
the value or price of the stock of, or other equity interest in, the Sold
Companies.

       

      SECTION
3.4. Subsidiaries.
No Sold
Companies have any Subsidiaries or own any Investments, except as set forth on
Schedule
3.4.  Except as set forth on Schedule 3.4, none of
the Sold Companies or any of their Subsidiaries is obligated under any Contract
or applicable Law (i) to advance funds to, or otherwise make any Investments in,
any other Person or (ii) to raise or increase capital (including by issuing or
incurring any additional equity or debt).

       

      
        
           

        

        
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      SECTION
3.5. Financial Statements.
(a)  Attached as Schedule 3.5(a) are
the Financial Statements.  Except for incomplete footnotes and as
otherwise described in Schedule 3.5(b), the
Financial Statements (i) were derived from the books and records of the Business
and have been prepared in accordance with U.S. GAAP, and (ii) present
fairly in all material respects the combined financial position and results of
operations and cash flows of the Business as of the dates and for the periods
indicated.

       

      (b) The
Final Financial Statements, when delivered in accordance with Section 5.2(b),
(i) will be consistent in all material respects with the Financial Statements
attached as Schedule
3.5(a), derived from the books and records of the Business and prepared
in accordance with U.S. GAAP consistently applied, and will conform with
Regulation S-X and (ii) will present fairly in all material respects the
combined financial position and results of operations and cash flows of the
Business as of the dates and for the periods indicated.  The Updated
Financial Statements, when delivered, (i) will be derived from the books and
records of the Business and prepared in accordance with U.S. GAAP consistently
applied, and will conform with Regulation S-X and (ii) will present fairly in
all material respects the combined financial position and results of operations
and cash flows of the Business as of the dates and for the periods
indicated.

       

      (c)
Except as disclosed pursuant to this Agreement, including the Schedules attached
hereto, there are no off-balance sheet transactions, arrangements, obligations
or relationships attributable to the Business or to which any Sold Company is a
party that could reasonably be expected to have a Company Material Adverse
Effect.

       

      (d)
Seller Parent maintains a system of internal accounting and financial controls
applicable to the Sellers, the Sold Companies and the Business sufficient to
provide reasonable assurances, with respect to the Business that transactions
are recorded as necessary to permit preparation of financial statements in
accordance with U.S. GAAP in all material respects.

       

      SECTION
3.6. Undisclosed
Liabilities.  None
of the Sold Companies or the Acquired Assets has or is subject to any
Liabilities of any kind that would be required to be reflected or disclosed on
financial statements prepared in accordance with U.S. GAAP (other than
Liabilities that would not, individually or in the aggregate, reasonably be
expected to materially adversely affect the Business and that would if not
reflected in the financial statements of the Business require those financial
statements to be restated under U.S. GAAP and SEC accounting policies), except
for (i) Liabilities reflected or disclosed in Financial Statements and Final
Financial Statements; (ii) Liabilities which have arisen after the Interim Date
in the Ordinary Course of Business; (iii) obligations under any Contract entered
into subsequent to the Interim Date in compliance with the terms of this
Agreement; (iv) Liabilities or obligations, arising, or specifically permitted
to be incurred, under this Agreement, (v) without limiting item (ii), warranty
obligations entered into in the Ordinary Course of Business with respect to
Products or services to the extent provided by the Business; and (vi)
Liabilities set forth on Schedule
3.6.

       

      SECTION
3.7. Non-Contravention.  The
execution, delivery and performance of this Agreement, each Ancillary Agreement
and each Closing Agreement by any Seller or Sold Company and the consummation of
the transactions contemplated hereby and thereby do not and

       

      
        
           

        

        
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      will not
(i) violate any provision of the certificate of incorporation or bylaws of such
Seller or Sold Company or the comparable organizational documents of any of the
Sellers or the Sold Companies; (ii) subject to obtaining the Consents referred
to in Schedule 3.8(b),
conflict with, result in the breach of, constitute a default under, result in
the termination, cancellation or acceleration (whether after the giving of
notice or the lapse of time or both) of any right or obligation of the Sellers
or the Sold Companies under, or result in a loss of any benefit of the Business
to which the Sellers or any Sold Company is entitled under, any Material
Contract, lease of real estate or license of any Assigned Intellectual Property
to which any of the Sellers or the Sold Companies is a party or to which its
assets are subject and which relates to the Business, or result in the creation
of any Encumbrance (other than a Permitted Encumbrance) upon any of the Acquired
Assets; and (iii) assuming compliance with the matters set forth in Section
3.8(b) and Section 4.5(b), violate or result in a breach of or constitute a
default under any Law or other restriction of any Governmental Authority to
which any Seller or Sold Company is subject; except, with respect to clauses
(ii) and (iii), for any violations, breaches, conflicts, defaults, terminations,
cancellations or accelerations as would not, individually or in the aggregate
have a Company Material Adverse Effect.

       

      SECTION
3.8. Compliance with
Law; Governmental Authorizations;
Consents.

       

      (a)      Except
as set forth on Schedule 3.8(a),
the Sold Companies and the Asset Sellers in respect of the Acquired Assets and
the conduct of the Business are in compliance, in all material respects, with
the Orders and Laws applicable to them and their respective properties and all
Permits held by them.  Neither the Sellers nor the Sold Companies have
received any written notice alleging, nor to the Knowledge of the Seller Parent
is there any claim alleging, any material violation of, or material failure to
comply with, any applicable Law, except where such violation or failure to
comply would not, individually or in the aggregate, reasonably be expected to
materially adversely affect the Business. This Section 3.8 does not relate to
matters with respect to (i) Tax Matters, which are the subject of Section 3.12,
(ii) ERISA and other Laws applicable to the benefit plans, which are the subject
of Section 3.14 or (iii) Environmental Matters, which are the subject of Section
3.17.

       

      (b) Other
than as set forth on Schedule 3.8(b),
the execution, delivery and performance of this Agreement, or any Ancillary
Agreement or Closing Agreement, by the Sellers or the Sold Companies does not
require any Consent of any Person (including any Governmental Authority), except
for Consents, the failure of which to obtain, would not reasonably be expected
to have a Company Material Adverse Effect.

       

      SECTION
3.9. Litigation.  Except
as would not, individually or in the aggregate, reasonably be expected to
materially adversely affect the Business, or as otherwise set
forth on Schedule 3.9,
there is (i) no outstanding Order against any Seller relating to the Business or
any of the Acquired Assets, (ii) no suit, action demand, claim, or legal,
governmental, administrative, arbitration or regulatory proceeding (“Proceeding”) that is
pending or, to the Knowledge of Seller Parent, threatened against any Seller or
Sold Company relating to the Business or any of the Acquired Assets or that
questions the validity of this Agreement, any of the Ancillary Agreements or
Closing Agreements, and (iii) to the Knowledge of Seller Parent, no
investigation by any Governmental Authority pending or threatened against the
Sellers or the Sold Companies relating to the Business or any of the Acquired
Assets.

       

      
        
           

        

        
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      Section
3.10. Permits.  The
Asset Sellers and the Sold Companies have all licenses, permits, franchises,
registrations and other governmental authorizations necessary to conduct the
Business (“Permits”)
substantially as currently conducted, except where the failure to have such
licenses, permits and other governmental authorizations would not, individually
or in the aggregate, reasonably be expected to materially adversely affect the
Business.  This Section 3.10 does not relate to matters with respect
to Environmental Matters which are subject to Section 3.17.

       

      SECTION
3.11. Absence of
Material Changes.  Since
September 30, 2009, except as set forth on Schedule 3.11, there
has not been any:

       

      (a)
Company Material Adverse Effect;

       

      (b) sale,
lease, license, abandonment or other disposition by any of the Sold Companies or
the Asset Sellers of any material assets used in the Business, except (i) in the
Ordinary Course of the Business; (ii) to another Sold Company or Asset Seller;
or (iii) relating to the transactions contemplated hereby;

       

      (c)
capital expenditures with respect to the Business which were not budgeted for in
the operating plans of the Business then in effect, except for capital
expenditures that would, together with the amounts otherwise budgeted and
committed, exceed for any quarterly period the budgeted amount in such plan by
an amount no more than $500,000 in the aggregate;

       

      (d)
acquisition or merger or consolidation with any business or acquisition of
substantially all or a material part of the assets of any Person with respect to
the Business;

       

      (e)
cancellation, extinguishment or termination without replacement any material
insurance policy or other material insurance arrangement naming any Sold Company
or Asset Seller as (or to which the Business is) a beneficiary or loss-payable
payee or any amendment or modification thereto which would materially adversely
affect the Business’ rights with respect thereto;

       

      (f)
acceleration of delivery or sale of products or services or offering of
discounts to accelerate the sale of products or services, except in the Ordinary
Course of Business;

       

      (g)
assumption of or entry into any labor or collective bargaining agreement
relating to the Business or transfer any employees of the Business who would
have been a Transferred Employee to other operations, or employees of other
operations to the Business other than in the Ordinary Course of
Business;

       

      (h)
material change to any accounting principle, method, estimate or practice, or to
any material method of Tax accounting with respect to the Business, except for
any such change required by reason of U.S. GAAP or local generally accepted
accounting principles;

       

      (i)
settlement of any claims, actions, arbitrations, disputes or other Proceedings
with respect to the Business other than in the Ordinary Course of
Business;

       

      
        
           

        

        
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      (j)
changes or amendments to the charter or bylaws or similar organizational
documents of any Sold Company, except as required by Law or required to
effectuate the transactions contemplated by this Agreement;

       

      (k) with
respect to the Business, except as would not adversely affect Buyer, making of
any material Tax election or any change to material Tax election (including,
without limitation, an election under Section 301.7701-3 of the Treasury
Regulations) or any change in any material position taken on any Tax Return
filed prior to the date of this Agreement or the adoption of any method therefor
that is inconsistent with elections made, positions taken or methods used in
preparing or filing similar Tax Returns in prior periods or the settlement or
compromise of any Tax liability; and

       

      (l)
increases or enhancements of the compensation or benefits of the Business
Employees other than as required by Contract or otherwise in the Ordinary Course
of Business consistent with past practice, (including normal periodic
performance reviews and related compensation benefits).

       

      SECTION
3.12. Tax
Matters.  Except
as set forth on Schedule 3.12:

       

      (a) All
material Tax Returns filed or required to be filed before the Closing Date
(subject to permitted extensions applicable to such filing) by or with respect
to the Sold Companies or in connection with or with respect to the Business or
the Acquired Assets (i) have been, or will be by the Closing Date, duly and
timely filed (subject to permitted extensions applicable to such filing), and
(ii) are, or, to the extent not filed as of the date hereof, will be, correct
and complete in all material respects. All material Taxes due (by withholding or
otherwise) in respect of such Tax Returns that have been filed on or prior to
the Closing Date in respect of the Business, the Acquired Assets or the Sold
Companies have been, or will be by the Closing Date, fully, duly and timely
paid.

       

      (b) No
claim for any unpaid material Taxes has become an Encumbrance against the
Acquired Assets or any assets or property of the Sold Companies except for
Permitted Encumbrances.

       

      (c) There
are no agreements or consents currently in effect and no such agreements or
consents have been requested for the waiver of any statute of limitations or
extension of time with respect to an assessment or collection of any material
Taxes of the Sold Companies or in respect of the Business or the Acquired
Assets, other than an extension arising out of an extension of the due date for
filing a Tax Return.

       

      (d) There
are no examinations, audits, actions, proceedings, investigations, disputes,
assessments or claims pending regarding Taxes of the Sold Companies, the
Business or the Acquired Assets that would reasonably be expected to result in a
material increase in Taxes relating to the Sold Companies, the Business or the
Acquired Assets.

       

      (e) No
material issues that have been raised by the relevant Taxing Authority with
regard to the Sold Companies in connection with the examination of any of the
Tax Returns referred to in Section 3.12(g) are currently pending.

       

      
        
           

        

        
          33

          
            

          

        

        
           

        

      

      (f) The
Sold Companies have withheld from their employees and timely paid to the
appropriate authorities or set aside in an account for such purpose all material
amounts for all periods through the date of this Agreement in compliance with
all Tax withholding provisions (including income, social security, and
employment Tax withholding for all types of compensation).

       

      (g) The
Share Sellers have made available to Buyer, true and correct copies of the Sold
Companies’ national, federal, state, provincial, or local material income Tax
Returns or, for Tax Returns in respect of a Sold Company that files a
consolidated or combined return, a pro forma Tax Return, (including all
schedules and attachments thereto), as applicable, correctly reflecting material
Tax information reported on such income tax returns filed by such Sold Company
for each of such Sold Company’s fiscal years ended December 31, 2008,
December 31, 2007, and December 31, 2006.

       

      (h) None
of the Sold Companies will be required, as a result of (A) a change in
accounting method for a Tax Period beginning on or before the Closing, to
include any material adjustment under Section 481(c) of the Code (or any similar
provision of state, local, or foreign law) in taxable income for any Tax period
beginning on or after the Closing Date, or (B) any “closing agreement” as
described in Section 7121 of the Code (or any similar provision of state, local,
or foreign Tax law), to include any material item of income in or exclude any
material item of deduction from any Tax period beginning on or after the
Closing.

       

      (i) No
closing agreements, private letter rulings, technical advance memoranda, or
similar agreements or rulings have been entered into or issued by any Taxing
Authority with respect to the Sold Companies.

       

      (j) As a
result of Buyer’s purchase of the Sold Companies ownership interests or shares,
as applicable, neither Buyer nor any of the Sold Companies will be obligated to
make a payment to an individual that would be a “parachute payment” to a
“disqualified individual” as those terms are defined in Section 280G of the Code
without regard to whether such payment is reasonable compensation for personal
services performed or to be performed in the future.

       

      (k) The
Sold Companies are not a party to any “reportable transaction” within the
meaning of Section 1.6011-4 of the Treasury Regulations.

       

      (l)
Within the two years preceding the date of this Agreement, no written claim has
been made by a Taxing Authority in a jurisdiction where a Sold Company does not
file Tax Returns that it is or may be subject to taxation by that jurisdiction
with respect to the Sold Companies, Acquired Assets, or the
Business.

       

      (m) None
of the Sold Companies have ever been a member of an affiliated, combined,
consolidated, or unitary Tax group for purposes of filing any Tax Return, other
than, for purposes of filing consolidated U.S. Federal income tax returns, a
group of which a Share Seller was the common parent.

       

      (n) The
transaction contemplated by this Agreement is not part of a transaction
identified in Notice 2001-16, as modified and supplemented by Notice
2008-20.

       

      
        
           

        

        
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      SECTION
3.13. Labor
Matters.

       

      (a)
Except as set forth on Schedule 3.13(a), to
the Knowledge of Seller Parent, there is no controversy existing, pending or
threatened in writing with any association or union or collective bargaining
representative of the Business Employees.

       

      (b)
Except as set forth on Schedule 3.13(b),
there is no charge or complaint relating to an unfair labor practice pending
against the Sold Companies or the Asset Sellers (in respect of the Business) nor
is there any labor strike, work stoppage, material grievance by an organized
group of employees or their union, or other labor dispute pending or, to the
Knowledge of Seller Parent, threatened in writing against the Sold Companies or
the Asset Sellers (in respect of the Business).

       

      (c)
Except as set forth on Schedule 3.13(c),
there are no collective bargaining, works council and similar agreements
(including material agreements referenced therein) between the Sold Companies or
the Asset Sellers (in respect of the Business) or any employers’ or trade
association of which the Sold Companies or the Asset Sellers (in respect of the
Business) is a member and any trade union, staff association or other body
representing employees of the Sold Companies or the Asset Sellers (in respect of
the Business), which would reasonably be expected to materially adversely affect
the Business.

       

      (d)
Except as set forth on Schedule 3.13(d),
there are no pending or, to the Knowledge of Seller Parent, written threatened
workers’ compensation claims or similar claims under applicable Law outside the
United States involving the Sold Companies or the Asset Sellers (in respect of
the Business).

       

      SECTION
3.14. Employee Benefit
Matters.

       

      (a) Schedule 3.14(a)
lists all employee benefit plans and programs to which any of the Sold Companies
or any of their Subsidiaries or the Asset Sellers (in respect of the Business)
is a party, contributes, sponsors, has any liability, or that are otherwise
applicable to former employees, Business Employees or beneficiaries of such
employees or current or former directors, as of the date hereof, including plans
and programs providing for pension, retirement, profit sharing, savings, bonus,
deferred or incentive compensation, hospitalization, medical, life or disability
insurance, sick leave, vacation and paid holiday, termination or severance pay,
retention, compensation, change in control, restricted stock, restricted stock
unit, stock option or stock appreciation rights or other equity-based
compensation and benefit plans (“Benefit
Plans”).  Benefit Plans maintained in the United States are
hereinafter referred to as “U.S. Benefit Plans”;
other Benefit Plans are referred to as “Non-U.S. Benefit
Plans.”  With respect to each Benefit Plan that is being
assumed by Buyer, Buyer or its agents have been provided with a copy of the plan
document or a summary thereof, and where applicable, the most recent copies of
the following: summary plan description, actuarial estimates of Benefit Plan
liabilities and employer liabilities, audited financial statements for the
Benefit Plans and trust agreements.

       

      (b)
Except as set forth in Schedule 3.14(b), the
Sellers and their Affiliates have acted at all times in relation to the Benefit
Plans in compliance with applicable Laws in all material respects.

       

      
        
           

        

        
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      (c) Schedule 3.14(c)
identifies each of the U.S. Benefit Plans that is intended to meet the
requirements of Section 401(a) of the Code (the “Qualified
Plans”).  With respect to the Qualified Plans, each Qualified
Plan has received a favorable determination letter from the IRS and all IRS
qualification determination letters remain in effect and have not been
revoked.  No issue concerning qualification of any Qualified Plan is
pending before or, to the Knowledge of Seller Parent, threatened by, the IRS,
except for routine requests for determination and qualification.

       

      (d) The
Sellers and their Affiliates have made full and timely payment of, or have
accrued pending full and timely payment of, all amounts which are required under
the terms of each Benefit Plan and in accordance with applicable Law to be paid
as a contribution to each Benefit Plan.  Except as disclosed in Schedule 3.14(d), the
Sellers and their Affiliates have no material unfunded liabilities with respect
to any Non U.S. Benefit Plan.

       

      (e) None
of the U.S. Benefit Plans is (i) a “multi-employer plan” within the meaning of
the Multiemployer Pension Plan Amendments Act of 1980, or (ii) subject to Title
IV of ERISA.

       

      (f)
Except as set forth in Schedule 3.14(f),
other than routine claims for benefits, there are no actions, audits,
investigations, suits, or claims pending or, to the Knowledge of Seller Parent,
threatened (i) against any of the Benefit Plans or any fiduciary thereof or
against the assets of any of the Benefit Plans, or (ii) by any of the Benefit
Plans.  No event has occurred, and there exists no condition or set of
circumstances in connection with any of the Benefit Plans as to which the Sold
Companies could, directly, or indirectly be subject to any liability under
ERISA, the Code or any other applicable Law, except liability for benefits
claims and funding obligations payable in the Ordinary Course of Business,
consistent with past practice.

       

      (g)
Except as set forth in Schedule 3.14(g),
neither the execution of this Agreement, nor the consummation of the
transactions contemplated hereby will (i) accelerate the time of vesting or
payment or increase any of the rights or benefits to which Business Employees or
former employees may be entitled under any Benefit Plan (except as provided in
this Agreement) or (ii) result in any payment under any of the U.S. Benefit
Plans which would not be deductible under Section 280G of the Code, nor
will the consummation of the transactions contemplated hereunder entitle any
Business Employee or former employee of the Sold Companies or the Sellers (in
respect of the Business) to severance pay, change-in-control payments, or
transaction bonuses payable by Buyer or its Affiliates.

       

      (h) With
respect to any U.S. Benefit Plan that is a “welfare plan” within the meaning of
Section 3(2) of ERISA, (i) each such Benefit Plan for which contributions are
claimed as deductions under any provision of the Code is in material compliance
with all applicable requirements pertaining to such deduction and (ii) any such
Benefit Plan that is a “group health plan” (within the meaning of the Code)
complies in all material respects and has been operated in material compliance
with the applicable requirements of Part 6 of Subtitle B of Title I of
ERISA.  All Benefit Plans retained by the Sold Companies after the
Closing Date may be amended or terminated by the Sold Companies or Buyer at any
time on or after the Closing Date in accordance with their terms and to the
extent permitted by applicable Law.

       

      
        
          
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      (i)
Except as set forth in Schedule 3.14(i), all
Benefit Plans which are maintained in the United Kingdom (“U.K. Benefit Plans”)
are registered with HM Revenue and Customs for the purposes of the U.K. Finance
Act 2004.

       

      (j)
Except as set forth in Schedule 3.14(j), to
the Knowledge of Seller Parent, no undertakings or assurances have been given to
any Business Employees  who are based in the United Kingdom (“U.K. Business
Employees”) as to the introduction, continuance, increase or improvement
of benefits or as to the enhancement of benefits in any U.K. Benefit Plans on
the happening of a given set of circumstances, in either case, which would
reasonably be expected to materially adversely affect the Business.

       

      (k)
Except as set forth in Schedule 3.14(k) or
except as would not reasonably be expected to materially adversely affect the
Business, all undisputed consulting, actuarial, trusteeship, accounting,
investment and other fees, charges and expenses of whatever nature with respect
to U.K. Benefit Plans for which an account or invoice has been delivered have
been paid in the Ordinary Course of Business.

       

      (l)
Except as set forth in Schedule 3.14(l), the
employers of U.K. Business Employees have complied in all material respects with
their obligations in relation to stakeholder pensions under section 3 of the
U.K. Welfare Reform and Pensions Act 1999 and such employers are not under any
obligation to make any employer contributions to any stakeholder
arrangement.

       

      (m)
Except as set forth in Schedule 3.14(m) or
except as would not reasonably be expected to materially adversely affect the
Business, any benefits payable on the death of a U.K. Business Employee while in
employment (other than a return of that employee’s own contributions and
contributions paid in respect of him to a Benefit Plan) or during a period of
sickness or disability are fully insured and all premiums due to the insurance
company have been paid in the Ordinary Course of Business.

       

      (n)
Except as set forth in Schedule 3.14(n) or
except as would not reasonably be expected to materially adversely affect the
Business, to the Knowledge of Seller Parent, no Business Employee or former
employee who transferred his employment to any of the Sold Companies or
Subsidiaries of a Sold Company or the Asset Sellers under the U.K. Transfer of
Undertakings (Protection of Employment) Regulations 1981 or 2006 (as
appropriate) (“UKT”) has any legal
entitlement to benefits in excess of those to which he is entitled to by virtue
of his membership of the U.K. Benefit Plans or has retired early on terms which
are less favorable than the early retirement terms which would have applied to
him under the pension arrangement of which he was a member prior to the UKT
transfer.

       

      (o)
Except as set forth in Schedule 3.14(o), to
the Knowledge of Seller Parent, no circumstances exist which would or might
expose any Sold Company and/or any Subsidiary of a Sold Company to any
liabilities arising under sections 38 to 51 (inclusive) of the U.K. Pensions Act
2004 which would reasonably be expected to materially adversely affect the
Business.

       

      (p)
Except as set forth in Schedule 3.14(p), to
the Knowledge of Seller Parent, other than in respect of the Terex Pension
Scheme, no Person which is or has been associated or

       

      
        
           

        

        
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      connected
to any Sold Company and/or any Subsidiary of a Sold Company prior to Closing has
established, participates in or has participated in a U.K. defined benefit
occupational benefit scheme within the six year period preceding the
Closing.

       

      (q) To
the Knowledge of Seller Parent, there are no actions, audits, investigations,
suits or claims pending or threatened in relation to the provision of
immigration or tax assistance by any Seller or Sold Company for or on behalf of
any Business Employee.

       

      (r) To
the Knowledge of Seller Parent, each Business Employee has, where necessary, a
valid work permit to work in the relevant country and the Sold Companies and any
of their Subsidiaries have complied in all material respects with all applicable
immigration legislation.

       

      (s)
Seller Parent has or will provide to Buyer a list of all Business Employees
showing the following information in relation to the Business Employees: name of
employing company; name; job title; location; and name of employer, subject to
applicable privacy laws.

       

      SECTION
3.15. Intellectual
Property .

       

      (a) Schedule 3.15(a) sets
forth a list of all material registered or pending applications to register (1)
Patents, (2) Trademarks, and (3) Copyrights (x) owned or held exclusively by the
Sold Companies and their Subsidiaries and (y) owned or held exclusively by the
Asset Sellers and used exclusively in Business (the “Owned Intellectual
Property”), all of which will be transferred free and clear of any
Encumbrances, other than Permitted Encumbrances and all of which are, to the
Knowledge of Seller Parent, (a) subsisting, valid and enforceable, and (b) not
subject to any outstanding order, judgment, decree or agreement adversely
affecting the rights to such Owned Intellectual Property.

       

      (b) To
the Knowledge of Seller Parent, (i) there is no litigation, opposition,
cancellation, proceeding, objection or claim pending, asserted or threatened
against the Seller Parent or its subsidiaries concerning the ownership,
validity, registerability, enforceability, infringement or use of, or licensed
right to use, any Assigned Intellectual Property, and neither the Sellers nor
Sold Companies have received notice that the current use of the Assigned
Intellectual Property by each of the Sellers or the Sold Companies conflicts
with, infringes upon or violates any rights of any third party, and (ii) the
Sellers and the Sold Companies have no liability for any past unauthorized use,
disclosure, infringement, misappropriation or violation of the Intellectual
Property rights of any third party.  Except as set forth on Schedule 3.15(b),
none of the Sellers is currently (i) a party to any proceeding brought by any of
them, nor is any proceeding threatened by any of them, involving a claim of
unauthorized use, disclosure,  infringement or violation by any third
party of any Assigned Intellectual Property right, nor to the Knowledge of
Seller Parent, does any such unauthorized use,
disclosure,  infringement or violation exist; or (ii) a party to any
proceeding brought by a third party, nor, to the Knowledge of Seller Parent, is
any proceeding threatened by any third party, involving a claim of unauthorized
use, disclosure,  infringement or violation by any Seller or Sold
Company of the intellectual property rights of any third party as a result of
the Sellers’ or the Sold Companies’ conduct of the Business.

       

      
        
           

        

        
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      (c) Other
than the Owned Intellectual Property and the Intellectual Property licensed to
the Sold Companies and the Asset Sellers, to the Knowledge of Seller Parent,
there is no other Intellectual Property that is necessary to conduct the
Business as currently conducted.

       

      SECTION
3.16. Contracts.

       

      (a) Schedule 3.16(a) sets
forth a complete list as of the date hereof of each of the following contracts
to which any of Seller Parent, the Sold Companies and the Asset Sellers is a
party or by which any of them is bound in respect of the Business other than
Benefit Plans (collectively, the “Material
Contracts”):

       

      (i)           any
contract involving the expenditure by any of Seller Parent, the Sold Companies
or the Asset Sellers in respect of the Business of more than $10,000,000 in any
instance for the purchase of materials, supplies, equipment or services
(including any manufacturing contract), but excluding any such contracts that
are terminable by Seller Parent, the Sold Companies or the Asset Sellers without
penalty on not more than 180 days notice; provided, that,
payments made during such notice period of such Contract pursuant to the terms
of such Contract shall not be deemed a penalty for purposes of this Section
3.16(a)(i);

       

      (ii)           any
contract for the distribution or provision of products or services by Seller
Parent, the Sold Companies or the Asset Sellers in respect of the Business, in
excess of $250,000, but excluding contracts entered into in the Ordinary Course
of Business for the sale of products to distributors that are party to a
distribution agreement listed on Schedule 3.16(a) and
for direct sales to customers;

       

      (iii)           warehousing,
inventory or logistics contracts regarding the storage, transfer and other
logistics matters in respect primarily of the Business, and sales, agency,
marketing, promotion, license and royalty agreements in respect of the Business
with a value in excess of $1,000,000 in any year;

       

      (iv)           maintenance
and repair contracts with a value in excess of $1,000,000 in any one year, but
excluding maintenance and repair contracts entered into in the Ordinary Course
of Business in connection with the sales of products;

       

      (v)           indentures,
mortgages, loan agreements, capital leases, security agreements, or other
agreements of the Sold Companies for the borrowing of money in excess of
$1,000,000, provided, however, it shall not be a breach of this representation
and warranty so long as any such agreements entered into during the Pre-Closing
Period shall be terminated on or prior to the Closing Date;

       

      (vi)           contracts
setting forth any operational arrangements, financial arrangements or tax
sharing arrangements to which any Seller (in relation to the Business) or any
Sold Company is a party;

       

      (vii)           any
Hedging Contracts with respect to the Business having a notional amount in
excess of $2,000,000;

       

      
        
           

        

        
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      (viii)           “take
or pay” contracts that require payments by the Business whether or not products,
services or raw materials are required or received, in excess of $1,000,000, but
excluding any such contracts that are terminable by Seller Parent, the Sold
Companies or the Asset Sellers without penalty on not more than 180 days notice;
provided, that, payments made during such notice period of such Contract
pursuant to the terms of such Contract shall not be deemed a penalty for
purposes of this Section 3.16(a)(viii);

       

      (ix)           “requirements”
contracts or any contract committing the Business to provide the quantity of
goods or services required by another Person that in each case could involve
annual payments in excess of $2,000,000, but excluding contracts entered into in
the Ordinary Course of Business;

       

      (x)           contracts
providing any Person with the right of first refusal or first offer or similar
type provision with respect to the disposition or acquisition of any material
assets other than sales of products or services in the Ordinary Course of
Business;

       

      (xi)           partnerships,
joint ventures, teaming or similar arrangements pursuant to which any of the
Sold Companies shares in the profits or losses of any business with any other
Person;

       

      (xii)           contracts
that restrict any of Seller Parent, the Sold Companies or the Asset Sellers
after the date of this Agreement from engaging in the Business in any geographic
area, competing with any Person in the Business, expanding the Business in any
way or entering into any new businesses that materially impairs the operation of
the Business, taken as a whole;

       

      (xiii)           written
employment contracts with any officer, executive or other Person on a full-time
or consulting basis requiring annual cash compensation in excess of $250,000 for
U.S. Business Employees and €200,000 for Non-US. Employees, or any notice,
severance or change-of-control agreements; and

       

      (xiv)           contracts
between any of Seller Parent, the Sold Companies or the Asset Sellers in respect
of the Business, on the one hand, and any of the Sellers or any Subsidiaries of
any of the Sellers (excluding the Sold Companies), on the other, which provides
for aggregate payments after the date hereof by or to any of the Sold Companies
or any Asset Sellers in respect of the Business of more than $500,000 during any
one-year period, other than any inter-company trade payables entered into in the
Ordinary Course of Business;

       

      (b) Schedule 3.16(b) sets
forth a complete and accurate list in all material respects of the
following:  (i) the top ten customers of the Seller Parent’s mining
division (“Terex
Mining Division”) within the Materials Processing and Mining segment for
each of 2007, 2008 and year-to-date through August 2009; (ii) the top five
customers for 2008 and year-to-date through August 2009 for each of Terex Mining
Division-Excavators, Terex Mining Division-Trucks and Terex Mining
Division-Drills, (iii) the top 30 suppliers for Terex Mining Division for 2008
and year-to-date through August 2009; (iv) the top 30 suppliers for the Hypac
Business for 2008 and year-to-date through August 2009; (v) (A) the top 30
suppliers for the Acuña manufacturing facility for 2008 and (B) the top 27
suppliers for the Acuña manufacturing facility for year-to-date through August
2009; (vi) the top 30 suppliers for the manufacture of excavators at
the

       

      
        
           

        

        
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      Dortmund
facility for 2008 and year-to-date through August 2009; (vii) the top 30
suppliers for the manufacture of trucks at the Denison facility for 2008 and
year-to-date through August 2009; and (viii) the top 30 suppliers for the
manufacture of drills at the Denison facility for 2008 and year-to-date through
August 2009.  Except as set forth on Schedule 3.16(b)(1),
to the Knowledge of Seller Parent, neither Seller Parent nor any of its
Affiliates has received any written notice of any material disputes from
customers, suppliers or distributors listed on Schedule 3.16
that such Person intends to cease doing business with the Sold Companies or the
Business, and which is reasonably likely to result in a material adverse effect
on the operations of the Business.

       

      (c)
Except as set forth on Schedule 3.16(c) or
as would not, individually or in the aggregate, reasonably be expected to have a
Company Material Adverse Effect, each Material Contract is in full force and
effect, and is a valid and binding agreement of Seller Parent or the applicable
Sold Company or the applicable Asset Seller, enforceable against Seller Parent
or such Sold Company or Asset Seller in accordance with its terms, subject to
the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar Laws relating to or affecting creditors’ rights
generally, general equitable principles (whether considered in a proceeding in
equity or at Law) and an implied covenant of good faith and fair
dealing.  Except as set forth on Schedule 3.16(c),
or as would not, individually or in the aggregate, reasonably be expected to
have a Company Material Adverse Effect, to the Knowledge of Seller Parent, no
condition exists or event has occurred that (whether with or without notice or
lapse of time or both) would constitute a default by any of the Sold Companies
or any Asset Seller under any Material Contract.

       

      SECTION
3.17. Environmental
Matters.  Except
as set forth on Schedule 3.17 or
except as would not reasonably be expected, individually or in the aggregate, to
have a Company Material Adverse Effect:

       

      (a) Each
of Seller Parent, the Sold Companies and the Asset Sellers in respect of the
Business are, and within the last five years (or, with respect to any Real
Property owned or leased by Seller Parent or its Affiliates for less than such
five year period, for the length of time so owned or leased), have been in
compliance with all Environmental Laws;

       

      (b) Each
of Seller Parent, the Sold Companies and Asset Sellers has obtained all Permits
which are required under the Environmental Laws for the ownership, use and
operation of the Business, such Permits are in effect, each Sold Company and
Asset Seller is in compliance with all terms and conditions of such Permits and,
to the Knowledge of Seller Parent, there is no condition or circumstance that
could be reasonably be expected to prevent the renewal or reissuance of such
Permits in the Ordinary Course on substantially similar terms;

       

      (c) None
of Seller Parent, the Sold Companies or the Asset Sellers in respect of the
Business has received any Environmental Claim which remains outstanding and, to
the Knowledge of Seller Parent, there are no conditions existing at any property
currently owned, leased or operated by any Sold Company that require, or could
reasonably be expected to require, material investigation, remedial or
corrective action, removal, monitoring or closure of any such property or
location;

       

      
        
           

        

        
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      (d) None
of Seller Parent, the Sold Companies or the Asset Sellers in respect of the
Business has entered into, has agreed to, or is subject to, any decree or Order
of any Governmental Authority, or indemnity obligation to any third party
relating to any Environmental Law;

       

      (e) None
of Seller Parent, the Sold Companies or the Asset Sellers in respect of the
Business has Released Hazardous Materials into the environment in violation of
Environmental Laws or in a manner that would reasonably be expected to result in
Liability under Environmental Laws;

       

      (f) To
the Knowledge of Seller Parent, no property currently or formerly owned or
operated in connection with the Business has been contaminated with any
Hazardous Materials in a manner that could reasonably be expected to require
investigation or remediation or result in Liability of Seller Parent, the Sold
Companies or the Asset Sellers in connection with any Environmental
Law;

       

      (g) To
the Knowledge of Seller Parent, none of Seller Parent, the Sold Companies or the
Asset Sellers in respect of the Business is subject to any liability for
Hazardous Material disposal or contamination or any Release or threatened
Release of any Hazardous Material on any third party property; and

       

      (h) The
Sellers have made available to Buyer copies of all material environmental
reports, studies, assessments, sampling data and other environmental information
in their possession relating to the Business and its current and former
properties and operations.

       

      This
Section 3.17 comprises the sole and exclusive representations and warranties of
the Sellers relating to Environmental Laws and Hazardous Materials.

       

      SECTION
3.18. Accounts
Receivable.  Except
as set forth in Schedule 3.18,
all accounts receivable of the Business, (a) are valued for purposes of the
Financial Statements in accordance with U.S. GAAP consistent with past practices
and policies, (b) represent actual amounts incurred by the applicable account
debtors and (c) arose from bona fide transactions in the Ordinary Course of
Business.

       

      SECTION
3.19. Insurance.  Schedule 3.19 lists
all insurance policies covering the properties, assets, employees and operations
of the Business (including policies providing property, casualty, liability and
workers’ compensation coverage), separately designating those insurance policies
that will be Acquired Assets and those that will be retained by the
Sellers.  All policies listed on Schedule 3.19 are in
full force and effect, all premiums due thereon have been paid and the Sold
Companies have complied in all material respects with the provisions of such
policies.

       

      SECTION
3.20. Real
Property.  (a)  Neither
the Sellers nor the Sold Companies own, lease or sublease, occupy or otherwise
hold any real property or interests therein primarily used or primarily held for
use in the Business as of the date of this Agreement, other than the Owned Real
Property and Leased Real Property.

       

      
        
           

        

        
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      (b) The
Sellers or Sold Companies own and have good and marketable title in and to the
Owned Real Property and all the buildings, structures and other improvements
located thereon and fixtures attached thereto.  Except as set forth on
Schedule
3.20(b), there are no leases, subleases, licenses, concessions, or other
agreements entered into by any of the Sold Companies or the Asset Sellers,
granting to any Person or Persons the right of use or occupancy to any portion
of any of such Owned Real Property.  The Sold Companies and the Asset
Sellers have not received any written notice of any pending, and to the
Knowledge of Seller Parent, any threatened, condemnation, eminent domain or
similar proceeding that in any such case would materially affect the conduct of
the Business as currently conducted.

       

      (c)
Except as provided in Schedule 3.20(c), (i)
the Sellers and the Sold Companies have good, valid and enforceable leasehold
title to all Leased Real Property, in each case, free and clear of all
Encumbrances, except Permitted Encumbrances; (ii) to the Knowledge of Seller
Parent, the applicable Real Estate Lease is in full force and effect, (iii) to
the Knowledge of Seller Parent, such Seller or Sold Company is not in material
breach or default, and no event has occurred which, with notice or lapse of
time, has had or would constitute such a material breach or default or permit
termination, modification or acceleration under a Real Estate Lease, which
termination, modification or acceleration would reasonably be expected to
materially affect the conduct of the Business as currently conducted or (iv)
such Seller or Sold Company has not subleased, licensed or otherwise granted any
Person the right to use or occupy such Leased Real Property or any portion
thereof except in the Ordinary Course of Business.

       

      (d) Schedule 3.20(d)
identifies all mortgages, deeds of trust and other Encumbrances (other than
Permitted Encumbrances and Encumbrances that will either be discharged on or
prior to Closing or for which binding undertakings to discharge with effect from
the Closing will be delivered on or prior to Closing) upon Owned Real Property
and Leased Real Property of any of the Seller or Sold Company which fully or
partially secure indebtedness for money borrowed in a principal amount that
individually or in the aggregate exceeds $250,000.

       

      (e)
Except as would not reasonably be expected to have a Company Material Adverse
Effect or as set forth on Schedule 3.20(c),
with respect to the Real Property:

       

      (i)           Seller
Parent has delivered to Buyer complete and accurate copies of each of the leases
to be assigned to and assumed by Buyer in the Assignment and Assumption of Real
Estate Leases and any documents or instruments affecting the rights or
obligations of any of the parties thereto;

       

      (ii)           There
is no pending or, to the Knowledge of Seller Parent, threatened or contemplated,
appropriation, condemnation or like proceeding affecting the Real Property or
any part thereof or of any sale or other disposition of the Real Property or any
part thereof in lieu of condemnation;

       

      (iii)           No
Seller or Sold Company has received written notice that it is in violation of
any applicable zoning law, regulation or other applicable Law, related to or
affecting the Real Property;

       

      
        
           

        

        
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      (iv)           each
facility (including all buildings, structures and improvements) included in the
Acquired Assets is suitable in all material respects for its current use,
operation and occupancy;

       

      (v)           the
ownership, occupancy, use and operation of the Real Property, or any portion
thereof and the improvements erected thereon, (A) to the Knowledge of Seller
Parent, complies in all material respects with all applicable Laws, and (B) does
not violate or conflict with (x) any covenants, conditions or restrictions
applicable thereto or (y) the terms and provisions of any instrument of record
or contractual obligations relating thereto, except to the extent, in the case
of both clause (A) and (B), it shall not have a Company Material Adverse Effect;
and

       

      (vi)           none
of the Real Property has suffered any material damage by fire or other casualty
which has not heretofore been (or at Closing shall have been) repaired and
restored in all material respects, except for damages that would not,
individually or in the aggregate, have a Company Material Adverse
Effect.

       

      SECTION
3.21. Personal
Property.  The
items of material Tangible Personal Property currently being used in the
operation of the Business included in the Acquired Assets are in operating
condition and good repair, ordinary wear and tear excepted.  A Seller
or Sold Company (a) owns and has good title to all of the material Tangible
Personal Property included in the Acquired Assets purported to be owned by it
and (b) has valid and subsisting leasehold interests in all of the material
Equipment purported to be leased by it, in each case, free and clear of any
Encumbrances other than Permitted Encumbrances.

       

      SECTION
3.22. Inventory.  Except
as set forth on Schedule 3.22, all
Inventories of the Business are usable and salable (or rentable) in the Ordinary
Course of Business, and subject to other normal and customary reserves
(including reserves for excess and obsolete inventory) consistent with past
practice.

       

      SECTION
3.23. Assets.  Except
for the services and assets listed in Schedule 3.23,
and those services and assets to be provided pursuant to the Ancillary
Agreements, the Acquired Assets constitute all the assets, properties and rights
of the Sellers and the Sold Companies necessary to conduct the Business in all
material respects as conducted by Sellers immediately prior to the
Closing.  Except as set forth on Schedule 3.23 or as
otherwise provided in this Agreement, Seller Parent and each Asset Seller owns,
leases or has the legal right to use all the Acquired Assets (other than
Intellectual Property and Real Property, which are the subject of Section 3.15
and Section 3.20, respectively), and each Sold Company owns, leases or has the
legal right to use its assets (other than Intellectual Property and Real
Property, which are the subject of Section 3.15 and Section 3.20, respectively).
Except as disclosed on Schedule 3.23,
each Asset Seller has good title to (or in the case of leased Acquired Assets,
valid leasehold interests in) the Acquired Assets (other than Intellectual
Property and Real Property, which are the subject of Section 3.15 and Section
3.20, respectively) and each Sold Company has good title to (or in the case of
leased assets, a valid leasehold interest in) its assets, in either case except
for Permitted Encumbrances.

       

      
        
           

        

        
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      Section
3.24. Guarantees.  Schedule 3.24 sets
forth, as of the date of this Agreement, all of the Seller Guarantees, other
than Seller Guarantees entered into in the Ordinary Course of Business involving
payment obligations not exceeding $5,000,000 in the aggregate.

       

      SECTION
3.25. Warranties/Product
Liability.  Except
as set forth on Schedule 3.25
and except as reflected, reserved against or otherwise disclosed in the
Financial Statements or incurred since the Interim Date and as would not
reasonably be expected to, individually, or with respect to related matters, in
the aggregate, be materially adverse to the operations of the Business (a)
neither the Sellers nor the Sold Companies have within the past five years
received written notice of any demand, claim, action, suit, inquiry, hearing,
proceeding, notice of violation or investigation from, by or before any
Governmental Authority relating to any product, including the packaging and
advertising related thereto, designed, formulated, manufactured, processed, sold
or placed in the stream of commerce by the Business or any services provided by
the Business, including any product sold in the United States by the Business as
the distributor, agent or pursuant to any other contractual relationship with a
non-U.S. manufacturer (a “Product”), (b) there
is no claim or lawsuit involving a Product which is pending or, to the Knowledge
of Seller Parent and the Asset Sellers, threatened, by any Person, and (c) there
is no currently outstanding or currently planned by the Sellers or the Sold
Companies, Product recall or post-sale warning of a material nature conducted by
or on behalf of the Business concerning any Product.

       

      SECTION
3.26. Export Control
Compliance.  To
the Knowledge of Seller Parent, the Business has conducted its export
transactions in accordance in all material respects with applicable provisions
of export control laws and regulations, including any applicable provisions of
the United States Export Administration Act and implementing Export
Administration Regulations, except where the failure to be in such compliance
would not reasonably be expected to have a Company Material Adverse Effect on
Seller Parent, the Sold Companies, the Acquired Assets or the
Business.  Without limiting the foregoing, with respect to the
Business, to the Knowledge of Seller Parent:  (a) Seller Parent and
each of its Affiliates has obtained all material export licenses and other
material approvals required for its exports of Products, software and
technologies; (b) Seller Parent and each of its Affiliates is in material
compliance with the terms of all applicable export licenses or other approvals;
(c) there are no material pending or threatened claims against Seller Parent or
any of its Affiliates with respect to such export licenses or other approvals;
and (d) there are no actions, conditions or circumstances pertaining to Seller
Parent’s or any of its Affiliates’ export transactions that would reasonably be
expected to give rise to any material Liabilities.  To the Knowledge
of Seller Parent, Seller Parent has not engaged in any activity in connection
with the Business that is in material violation of the economic sanctions
regulations administered by the United States Department of the Treasury’s
Office of Foreign Assets Control.

       

      SECTION
3.27. Anti-Bribery
Compliance.

       

      (a) To
the Knowledge of Seller Parent, the Business for the past five years has been
and currently is conducted in all material respects in accordance with the
Foreign Corrupt Practices Act and other laws prohibiting the bribery of foreign
government officials.  No Seller and no other Person owned or
controlled by Seller Parent has, to the Knowledge of Seller Parent,

       

      
        
           

        

        
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      offered,
made or received, directly or indirectly, any payment, gift or gratuity that is
illegal under the Foreign Corrupt Practices Act or any other Law prohibiting
bribery. The books and records of Seller Parent and its Subsidiaries in
reasonable detail accurately and fairly reflect Seller Parent's transactions in
all material respects.  Seller Parent and its Subsidiaries maintain a
system of internal accounting controls sufficient to provide reasonable
assurances that transactions are executed in accordance with management's
authorization.

       

      (b) The
Sold Companies and their Subsidiaries and, with respect to the Business, Seller
Parent or any of the other Sellers, have implemented an appropriate legal
compliance program with respect to the Foreign Corrupt Practices Act and other
laws prohibiting the bribery of foreign government officials in accordance with
the United States Sentencing Commission, Federal Sentencing Guidelines, Chapter
Eight–Sentencing Organizations.

       

      SECTION
3.28. Related Party
Transactions.  Except
as set forth in Schedule 3.28
and except for compensation, benefits and advances received in the Ordinary
Course of Business by employees, directors or consultants of the Business, there
are no material agreements or contracts entered into by the Business or by any
Sold Company or any of their Subsidiaries under which continuing obligations
exist, with Seller Parent or any of its Subsidiaries (other than any Sold
Company) or any Person who is an officer, director or Affiliate of Seller Parent
or any of its Subsidiaries, any member of the “immediate family” (as such term
is defined in Item 404 of Regulation S-K promulgated under the Securities Act)
of any of the foregoing or any entity of which any of the foregoing is an
Affiliate.  Schedule 3.28(a) sets
forth a true and complete list of all Credit Support Agreements.

       

      SECTION
3.29. Operation of the
Business.  Except
as set forth on Schedule 3.29, no
part of the Business is currently operated through any entity other than the
Sellers and the Sold Companies.

       

      SECTION
3.30. No Brokers’ or
Other Fees.  Except
for Goldman Sachs & Co., whose investment banking fees will be paid by
Seller Parent (exclusive of any fees related to any financing or related
services that Goldman Sachs may provide to Buyer, which shall be paid by Buyer),
no broker, finder or investment banker is entitled to any fee or commission in
connection with the transactions contemplated hereby based upon arrangements
made by or on behalf of any of the Sellers.

       

      SECTION
3.31. No Other
Representations or Warranties.  Except
for the representations and warranties contained in this Article III,
neither Seller Parent nor any other Person makes any other express or implied
representation or warranty on behalf of Seller Parent or any Affiliate of Seller
Parent with respect to the Business, the Sold Companies, the Sellers, the
Acquired Assets or otherwise with respect to the subject matter of this
Agreement.

       

      
        
           

        

        
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      ARTICLE
IV

       

      REPRESENTATIONS
AND WARRANTIES OF BUYER

       

      Buyer
hereby represents and warrants to Seller Parent as follows:

       

      SECTION
4.1. Organization.  Buyer
is a corporation duly incorporated, validly existing and in good standing under
the Laws of Delaware.  Buyer has all requisite corporate power and
authority to own its assets and to carry on its business as now being conducted
and is duly qualified or licensed to do business and is in good standing in the
jurisdictions in which the ownership of its property or the conduct of its
business requires such qualification or license, except where the failure to be
so qualified or licensed would not reasonably be expected, individually or in
the aggregate, to materially impede or delay the ability of Buyer to consummate
the transactions contemplated by this Agreement.

       

      SECTION
4.2. Authorization;
Enforceability.

       

      (a) Buyer
has and will have all requisite corporate power and authority to execute and
deliver this Agreement, the Ancillary Agreements and the Closing Agreements, and
to perform its obligations hereunder and thereunder. The execution, delivery and
performance by Buyer of this Agreement, the Ancillary Agreements and the Closing
Agreements has been and will be duly authorized by all requisite corporate
action on the part of Buyer.

       

      (b) This
Agreement and each Ancillary Agreement or Closing Agreement constitutes a valid
and binding obligation of Buyer, enforceable against Buyer in accordance with
its terms, except as enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights generally
or by general principles of equity (regardless or whether enforcement is sought
in a proceeding in equity or law).

       

      SECTION
4.3. Non-Contravention.  The
execution, delivery and performance by Buyer of this Agreement and each of the
Ancillary Agreements or the Closing Agreements, and the consummation of the
transactions contemplated hereby, do not and will not (i) violate any provision
of the certificate of incorporation or bylaws of Buyer; (ii) result in a breach
of, or default under, or right to accelerate with respect to, any term or
provision of any contract, commitment or other obligation to which Buyer or any
of its Affiliates is a party or is subject; or (iii) assuming compliance with
the matters set forth in Section 3.8(b) and Section 4.5(b), violate or result in
a breach of or constitute a default under any Law or other restriction of any
Governmental Authority to which Buyer is subject, except with respect to clauses
(ii) and (iii), for violations, breaches, defaults, or accelerations as would
not, individually or in the aggregate, impair or delay Buyer’s ability to
perform its obligations hereunder.

       

      SECTION
4.4. Litigation.  Except
as set forth in Schedule 4.4, there
are no Proceedings pending or, to the Knowledge of Buyer, threatened against
Buyer or any of its Subsidiaries that would reasonably be expected to materially
impede or delay the ability of Buyer to consummate the transactions as
contemplated by this Agreement.  Except as set forth in

       

      
        
           

        

        
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      Schedule 4.4, Buyer
is not subject to any Order that would reasonably be expected to materially
impede or delay its ability to consummate the transactions as contemplated by
this Agreement.

       

      SECTION
4.5. Compliance with
Laws; Governmental Authorizations.  (a)
Buyer is not in violation of any Order or Law applicable to it or its
properties, except where noncompliance would not reasonably be expected to
materially impede or delay the ability of Buyer to consummate the transactions
contemplated by this Agreement.  Buyer has all licenses, permits and
other governmental authorizations necessary to conduct its business as currently
conducted, except where the failure to have such licenses, permits and other
governmental authorizations would not reasonably be expected to materially
impede or delay the ability of Buyer to consummate the transactions contemplated
by this Agreement.

       

      (b) Other
than as set forth in Schedule 4.5(b), the
execution, delivery and performance of the transaction contemplated by this
Agreement by Buyer does not require any material consent or approval of any
Governmental Authority.

       

      SECTION
4.6. Financial
Resources.  Buyer
has available, and will have on the Closing Date sufficient resources to pay the
Purchase Price and any other amounts payable by Buyer in connection with the
transactions contemplated by this Agreement.

       

      SECTION
4.7. No Brokers’ or
Other Fees.  Except
for Greenhill & Co., LLC, whose fees and expenses will be paid by Buyer, no
broker, finder or investment banker is entitled to any fee or commission in
connection with the transactions contemplated hereby based upon arrangements
made by or on behalf of Buyer.

       

      SECTION
4.8. Purchase for
Investment.  Buyer
or its Affiliates, as the case may be, are purchasing the Sold Shares for their
own account and solely for investment, with no present intention to sell,
transfer or distribute any Sold Shares to any other Person.  Buyer
acknowledges that none of the Sold Shares are registered under the Securities
Act of 1933, as amended (the “Securities Act”) or
under any state or foreign securities laws, and Buyer will not, and shall cause
all of its Affiliates that purchase the Sold Shares not to, sell, transfer or
distribute any Sold Shares except in compliance with the registration
requirements or exemption provisions under the Securities Act and the rules and
regulations promulgated thereunder, or any other applicable securities
Law.

       

      SECTION
4.9. No Other
Representations or Warranties.  Except
for the representations and warranties contained in this Article IV,
neither Buyer nor any other Person makes any other express or implied
representation or warranty on behalf of Buyer or any Affiliate of Buyer with
respect to the subject matter of this Agreement.

       

      ARTICLE
V

       

      COVENANTS
AND AGREEMENTS

       

      SECTION
5.1. Conduct of
Business Prior to the Closing.  During
the Pre-Closing Period, except (i) as set forth on Schedule 5.1 or as
otherwise contemplated by this Agreement or (ii) as Buyer shall otherwise
consent in writing, which consent shall not be unreasonably

       

      
        
           

        

        
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      withheld,
Seller Parent agrees that it shall conduct the Business, and shall cause the
Business to be conducted, in the Ordinary Course consistent with past practice,
and use commercially reasonable efforts to preserve intact the Business and
related relationships with customers, suppliers, creditors and other third
parties and keep available the services of the present Business Employees.
During the Pre-Closing Period, except (i) as set forth on Schedule 5.1 or
as otherwise contemplated by this Agreement, (ii) as Buyer shall otherwise
consent in writing, which consent shall not be unreasonably withheld, (iii) as
may be necessary or advisable, in the reasonable discretion of Seller Parent, to
remove any Excluded Assets (provided that Seller Parent shall give notice to
Buyer of any such proposed removal of any Excluded Assets that are tangible
physical property) or remove any Cash from the Sold Companies, the Business or
the Sellers, (iv) to take any action (including for the avoidance doubt, any of
the actions set forth in Section 5.1(a) through 5.1(w) below) to effectuate the
transactions contemplated on Schedule 5.1(b) and
(v) Seller Parent and its Affiliates may, but shall not be required to, enter
into Hedging Contracts, or otherwise enter into arrangements hedging or
protecting against risk, Seller Parent covenants and agrees that it shall, and
shall cause the Sold Companies and the Asset Sellers to, in each case with
respect to the Business:

       

      (a) not
become committed to any capital expenditures which are not budgeted for or are
not funded prior to Closing in the operating plans of the Business then in
effect, except for capital expenditures that would, together with the amounts
otherwise budgeted and committed, exceed for any quarterly period the budgeted
amount in such plan by an amount no more than $500,000 in the
aggregate;

       

      (b) not
acquire any business or otherwise merge or consolidate with or acquire
substantially all or a material part of the assets of, or otherwise acquire any
Person;

       

      (c)
maintain insurance coverage at levels consistent with presently existing levels
so long as such insurance is available at commercially reasonable
rates;

       

      (d) not
agree or permit any material insurance policy or other material insurance
arrangement naming it as (or to which the Business is) a beneficiary or
loss-payable payee to be cancelled, extinguished or terminated without
replacement or otherwise agree or permit any amendment or modification thereto
which would reasonably be expected to materially adversely affect the Business’s
right to receive the proceeds of any such policy;

       

      (e) not
incur, create or assume any Encumbrance with respect to any material asset other
than Permitted Encumbrances;

       

      (f) not
acquire or dispose of any material assets (including any merger or consolidation
with another Person) outside of the Ordinary Course of the Business consistent
with past practice, other than assets that are no longer in use and that have
not been used in the Business during the most recent 12 month
period;

       

      (g) not
enter into any contract that would have been a Material Contract if entered into
before the date of this Agreement or amend any material term of, or waive or
exercise any material right under, or make any election (including to extend the
term) under, any Material Contract;

       

      
        
           

        

        
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      (h) not
make any material change to any accounting principle, method, estimate or
practice, or to any material method of tax accounting except for any such change
required by reason of US GAAP or local generally accepted accounting
principles;

       

      (i) not
grant, extend, amend, dispose of or permit to lapse, abandon, cancel, sell,
assign, lease, transfer, license, waive or modify, any rights in, to or for the
use of any Intellectual Property used exclusively or required for use in the
Business or any Intellectual Property Contracts, or extend or exercise any
option to do any of the foregoing, or fail to exercise a right of renewal or
extension under any material Intellectual Property Contract, or disclose to any
Person not an Employee any such Intellectual Property used exclusively or
required for use in the Business not heretofore a matter of public knowledge,
except (i) pursuant to judicial or administrative process, (ii) in the Ordinary
Course of Business; or (iii) in connection with the development, sale or license
of products or services and non-exclusive licenses;

       

      (j) not
hire any employee or individual independent contractor with annual salary and
target bonus in excess of $250,000 for U.S. Business Employees and €200,000 for
Non-U.S. Employees, other than to fill vacancies arising in the Ordinary Course
of Business at compensation levels not in excess of those prevailing in the
market, or enter into any new employment, change-of-control or severance
agreements that would result in material post-termination payments becoming due
or payable upon termination of employment of the employee or the individual
independent contractor (other than in the Ordinary Course of Business or any
such payments that are expressly agreed to be Excluded
Liabilities);

       

      (k) not
increase or enhance compensation (including the granting of bonuses) to Business
Employees except (i) as required by Contract or Law, (ii) for the restoration of
pre-existing salary levels in connection with the reversal of the Business’s
5-10% salary reduction program, and (iii) in the Ordinary Course of Business
consistent with past practice;

       

      (l) (i)
not incur any additional Indebtedness in excess of $1,000,000, except (x) any
Indebtedness that will be satisfied in full by the Effective Time, (y) under the
current terms of any Material Contracts disclosed on Schedule 3.16(a) or
(z) in the Ordinary Course of Business provided that any such Indebtedness
shall, if it becomes an Assumed Liability, be prepayable by Buyer at any time
without penalty, (ii) issue any debt securities or assume, guarantee or endorse
any material obligations of any Person provided that any
such Indebtedness shall, if it becomes an Assumed Liability, be prepayable by
Buyer at any time without penalty, or (iii) not make any loans, advances (other
than loans and advances in the Ordinary Course of Business, and loans and
advances for the Business by or among Seller Parent and its Affiliates) or
capital contributions to, or investments (other than investments in, and capital
contributions to, the Business or among the Sold Companies) in, any other Person
in excess of $1,000,000 in the aggregate;

       

      (m) not
change or amend the charter or bylaws or similar organizational documents of any
Sold Company, except as required by Law or required to effectuate the
transactions contemplated by this Agreement;

       

      (n) not
settle any claims, actions, arbitrations, disputes or other Proceedings other
than in the Ordinary Course of Business that affect in any manner the completion
of the

       

      
        
           

        

        
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      transactions
contemplated under this Agreement, the Ancillary Agreements or the Closing
Agreements;

       

      (o) not
assume or enter into any labor or collective bargaining agreement relating to
the Business or transfer any employees of the Business who would have been a
Transferred Employee to other operations, or employees of other operations to
the Business other than in the Ordinary Course of Business;

       

      (p) not
accelerate the delivery or sale of products or services or offer of discounts to
accelerate the sale of products or services, except in the Ordinary Course of
Business;

       

      (q) not
make or change any material Tax election (including, without limitation, an
election under Section 301.7701-3 of the Treasury Regulations), take any
material position on any Tax Return filed on or after the date of this
Agreement, or adopt any method therefor that is inconsistent with elections
made, positions taken, or methods used in preparing or filing similar Tax
Returns in prior periods, or amend any Tax Return or settle or compromise any
Tax Liability (provided however, Seller Parent shall be permitted to do any of
the foregoing to the extent such action would not cause an adverse Tax Liability
for Buyer);

       

      (r) not
split, combine, subdivide, reclassify any outstanding securities of the Sold
Companies;

       

      (s) not
permit any Sold Company to adopt a plan of complete or partial liquidation or
authorize or undertake a dissolution, consolidation, restructuring,
recapitalization or other reorganization of any Sold Company;

       

      (t)  not
issue, sell, pledge, transfer, repurchase or redeem or propose to issue, sell,
pledge, transfer, repurchase or redeem any shares of capital stock of any Sold
Company, or securities convertible into or exchangeable or exercisable for, or
options with respect to, or warrants to purchase or rights to subscribe for,
shares of capital stock of any Sold Company;

       

      (u)
factor Accounts Receivable or defer accounts payable beyond commercially
reasonable terms, except, in each case, in the Ordinary Course of
Business;

       

      (v) sell
any Inventory below net book value, other than in the Ordinary Course of
Business; and

       

      (w) not
agree to take any of the foregoing actions.

       

      SECTION
5.2. Access to Books
and Records;
Final Financial Statements.

       

      (a)
During the Pre-Closing Period, Seller Parent shall, and shall cause the Asset
Sellers and Sold Companies to (i) provide Buyer and its representatives
(including representatives of entities providing or arranging financing for
Buyer) reasonable access during normal business hours and upon reasonable prior
notice to the management, accountants and other representatives and the
properties and Books and Records related to the Business as Buyer may from time
to time reasonably request, provided that such access shall be provided solely
for purposes related to the transactions contemplated by this Agreement (and the
financing of

       

      
        
           

        

        
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      Buyer’s
obligations hereunder) and provided further that Seller Parent may impose
reasonable limitations on such access to ensure that such access does not
interfere with the normal business operations of Seller Parent, the Asset Seller
or the Sold Companies (including requiring Buyer’s representatives to be bound
by customary confidentiality agreements); and (ii) furnish, or cause to be
furnished, to Buyer any financial and operating data and other information that
is available with respect to the Business as Buyer from time to time reasonably
requests, provided, that Buyer
shall pay any out-of-pocket costs associated with such access.  The
parties agree that the provisions of the Confidentiality Agreement shall
continue in full force and effect following the execution and delivery of this
Agreement, and all information obtained pursuant to this Section 5.2 shall be
kept confidential in accordance with the Confidentiality Agreement.

       

      (b)
Seller Parent shall use commercially reasonable efforts to prepare and deliver
to Buyer by January 15, 2010, audited combined balance sheets as of December 31,
2007 and December 31, 2008, and the audited combined statements of income and
cash flows for the Business for the periods ended on December 31, 2008, 2007 and
2006 and the unaudited combined balance sheet as of September 30, 2009 and the
unaudited combined statements of income and cash flows for the nine month
periods ended September 30, 2008 and 2009 for the Business (the “Final Financial
Statements”).  The Seller Parent shall use commercially
reasonable efforts to cause to be delivered to Buyer as promptly as practicable,
audited combined balance sheet and combined statements of income and cash flows
of the Business for the fiscal period ended December 31, 2009 (the “Updated Financial
Statements”).  The fees and expenses of the Auditors and other
expenses relating to the Updated Financial Statements shall be borne by the
Buyer.

       

      (c) From
the Closing Date through the date on which separate financial statements of the
Business are no longer required under Rule 3-05 of Regulation S-X promulgated by
the SEC to be provided in a periodic report or registration statement filed by
Buyer with the SEC, Seller Parent shall cooperate with Buyer to request the
Auditors, with Buyer being responsible for any out-of-pocket costs of Seller
Parent, to (i) deliver to Buyer one or more duly executed consents to the
inclusion of the Auditors report on the Final Financial Statements or the
Updated Financial Statements to the extent required to be audited pursuant to
Regulation S-X, as the case may be, to the extent required to be included in
reports or registration statements filed with the SEC pursuant to the Securities
Act or the Exchange Act by Buyer or its Affiliates and their respective
successors from time to time (“SEC Filings”) and the
references in such SEC Filings to the Auditors as experts subject in each case
to the Auditors’ usual procedures and professional standards and after being
given reasonable opportunity to review such SEC Filings and documents
incorporated by reference therein and (ii) issue customary comfort letters
(concerning matters which are the subject of Final Financial Statements and the
Updated Financial Statements, if applicable, that may be required in connection
with any offering of debt or equity securities by Buyer or any of its Affiliates
or their respective successors (after being given reasonable opportunity to
review such offering documents)); provided that none of
the Sellers shall have any liability to Buyer with respect to such comfort
letters.  Any fees and expenses of the Auditors with respect to the
Final Financial Statements will be borne by Buyer, except as contemplated in the
Engagement Letter.

       

      
        
           

        

        
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      SECTION
5.3. Notification of Certain Matters.  Seller
Parent may deliver to Buyer no later than the third (3rd)
Business Day prior to the Closing Date a true and complete schedule of changes
(the “Update
Schedule”) to any of the information contained in the Disclosure
Schedules (including changes to any other representations or warranties in
Article III hereof as to which no Disclosure Schedule has been created as of the
date hereof but as to which a Disclosure Schedule would have been required if
such changes had existed on the date hereof), which changes are required as a
result of events or circumstances occurring subsequent to the date hereof which
would render any representation or warranty materially inaccurate or incomplete
at any time after the date of this Agreement until the Closing Date, which
Update Schedule shall be dated as of the Closing Date; provided, however, that if such
supplemental information relates to an event or circumstance occurring
subsequent to the date hereof and if Buyer would have the right to not
consummate the transactions contemplated by this Agreement as a result of the
failure of the condition contained in Section 7.1 on the basis of the
supplemental information so disclosed and it does not exercise such right prior
to the Closing, then such supplemental information shall constitute an amendment
of the representation, warranty or statement to which it relates for purposes of
Article X of this Agreement.

       

      SECTION
5.4. Efforts;
Regulatory Filings and Consents.

       

      (a) Each
of Seller Parent and Buyer shall use commercially reasonable efforts to take, or
cause to be taken, all actions and to do, or cause to be done, all things
necessary, proper or advisable to consummate and make effective the transactions
contemplated by this Agreement, including to obtain any and all required
Consents and Permits and to obtain any Consent of any Governmental Antitrust
Authority required to be obtained or made by Seller Parent or Buyer, or any of
their respective Subsidiaries or Affiliates in connection with the transactions
contemplated by this Agreement or the taking of any action contemplated by this
Agreement, provided, however, that Seller
shall not be required to divest any assets, and provided, further, the Sellers
and their respective Affiliates shall not be required to make any material
monetary expenditure, commence or be a plaintiff in any litigation or offer or
grant any material accommodation (financial or otherwise) to any
Person.  Without limiting the generality of the undertakings pursuant
to this Section 5.4, Buyer and Seller Parent each agrees to take or cause to be
taken the following actions:  (i) provide promptly to any Governmental
Authority information and documents requested by any Governmental Authority or
necessary, proper or advisable to permit consummation of the transactions
contemplated by this Agreement, the Ancillary Agreements and the Closing
Agreements and (ii) in the event that, after substantial compliance with all
requests for information, any complaint or challenge by any Governmental
Authority seeking a preliminary or permanent injunction or other order, or, in
the case of a Governmental Authority located outside the United States, decision
or decree (in all cases other than a request for information) becomes reasonably
foreseeable to be made or filed and such injunction or other order, decision or
decree would make consummation of the transactions contemplated by the terms of
this Agreement, any Ancillary Agreements or any Closing Agreements unlawful or
would prevent or prohibit consummation of the transactions contemplated hereby
or thereby, take promptly all commercially reasonable steps necessary to
prevent, vacate, modify or suspend such injunction or order so as to permit such
consummation on a schedule as close as possible to that contemplated by this
Agreement, any Ancillary Agreements or any Closing Agreements. Buyer agrees to (A) sell
or otherwise dispose of, (B) hold separate and agree to sell or otherwise
dispose of, or (C) enter into any other agreement or

       

      
        
           

        

        
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      arrangement
affecting such assets, categories of assets or businesses of the Business of
Buyer or its Subsidiaries (and to enter into agreements with the relevant
Governmental Authority giving effect thereto) if such action should be required
by any Governmental Authority in connection with permitting the consummation of
the transactions contemplated hereby or thereby or any court order obtained by
or on behalf of any Governmental Authority; provided that with
respect to clauses (A), (B) and (C), (x) Buyer shall not be obligated
to make any sale or disposition or enter into any agreement or arrangement that
would have a Company Material Adverse Effect or a material adverse effect on the
financial condition, results of operation or business of Buyer and its
Subsidiaries taken as a whole and (y) Buyer may condition its commitment to any
Governmental Authority to take any such action on the Closing
occurring.

       

      (b) Each
of Seller Parent and Buyer shall as promptly as practicable, but in any event by
the later of (x) 10 days after the date of this Agreement and (y)
January 8, 2010, (i) file with the United States Federal Trade Commission
(the “FTC”) and
the United States Department of Justice (the “DOJ”) the
notification and report form, if any, required for the transactions contemplated
hereby or thereby and any supplemental information requested in connection
therewith pursuant to the HSR Act, (ii) make all filings under applicable Other
Competition Laws, if any, required or advisable for the transactions
contemplated hereby or thereby, and (iii) make all required filings for approval
of this Agreement, the Ancillary Agreements and the Closing Agreements and the
transactions contemplated hereby under applicable laws of Australia, Brazil,
Canada, China, Russia, South Africa and Ukraine and such other jurisdictions as
may be required by Law.  Any such antitrust notification and report
form or filing and supplemental information shall be in substantial compliance
with the requirements of the HSR Act or the applicable Other Competition Laws,
as the case may be.  All other regulatory filings shall be in
substantial compliance with the requirements of applicable laws.  Each
of Seller Parent and Buyer shall furnish to the other such necessary information
and reasonable assistance as the other may request in connection with its
preparation of any filing or submission that is necessary under the HSR Act,
applicable Other Competition Laws or other applicable laws and regulations, as
the case may be.  Seller Parent and Buyer shall use their respective
commercially reasonable efforts to comply promptly with any inquiries or
requests for additional information and documentary material (“Second Request”) from
the FTC or the DOJ, or similar request for information from any other
Governmental Authority having jurisdiction.

       

      (c)
Without limiting the generality of the undertakings and subsections (a) and (b)
of this Section 5.4 and subject to any appropriate confidentiality protections,
Seller Parent and Buyer shall each furnish to counsel for the other such
necessary information and reasonable assistance as the other party may request
in connection with the foregoing and shall each promptly provide counsel for the
other party with copies of all filings made by such party, and all
correspondence between such party (and its advisors) with any Governmental
Antitrust Authority or other Governmental Authority and any other information
supplied by such party and such party’s Affiliates to a Governmental Antitrust
Authority or other Governmental Authority in connection with this Agreement, the
Ancillary Agreements and the Closing Agreements and the transactions
contemplated hereby or thereby.  Each such party shall, subject to
applicable Law, permit counsel for the other party (i) to review in advance, if
practicable, any proposed written or oral, communication to any Governmental
Antitrust Authority or other Governmental Authority; and (ii) to attend any
telephonic or in person meeting with any

       

      
        
           

        

        
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      Governmental
Antitrust Authority or other Governmental Authority.  Neither Seller
Parent nor Buyer shall participate in any meeting with any Governmental
Authority in respect of the foregoing without giving the other party prior
notice of the meeting.  Seller Parent and Buyer will use commercially
reasonable efforts to consult and cooperate with one another in connection with
any analyses, appearances, presentations, memoranda, briefs, arguments, opinions
and proposals made or submitted by or on behalf of each party in connection with
all meetings, actions and proceedings under or relating to the HSR Act or any
Other Competition Laws or other applicable laws and regulations.

       

      (d) The
filing fees under the HSR Act, Other Competition Laws and other applicable Laws
shall be borne by Buyer.  The fees and disbursements of any legal
counsel or other advisor retained by a Party in connection with any such filings
and any other filings with Governmental Authorities shall be borne by the Party
engaging such counsel or advisor except as otherwise agreed between the
Parties.

       

      (e) In
the event that the Closing occurs prior to the time the matters addressed in
Section 5.4 shall have been resolved (including obtaining all consents and
approvals), the obligations hereunder shall continue until such
resolution.

       

      SECTION
5.5. Third Party
Consents.  Seller
Parent shall use its commercially reasonable efforts to obtain any Consent of
any Person (other than Governmental Authorities) required to consummate and make
effective the transactions contemplated by this Agreement.  Buyer
agrees to use its commercially reasonable efforts to cooperate with such parties
in obtaining such Consents.  To the extent that Seller Parent and
Buyer are unable to obtain any required third party Consents prior to the
Closing (such Consents, the “Post-Closing
Consents”), each of Seller Parent and Buyer, respectively, shall use all
commercially reasonable efforts (including the making of any filing required to
obtain any Post-Closing Consents) to obtain (or cause to be obtained) as
promptly as practicable all Post-Closing Consents.  For purposes of
this Section 5.5, the term “all commercially reasonable efforts” shall not be
deemed to require any Person to pay or commit to pay any amount to (or incur any
obligation in favor of) any Person from whom any consent or waiver may be
required (other than nominal filing or application fees).

       

      SECTION
5.6. Tax
Matters.

       

      (a) Buyer
and Seller Parent agree to furnish or cause to be furnished to each other, upon
request, as promptly as practicable, such information and assistance relating
directly to the Sold Companies or the Acquired Assets (including information
relating to the tax attributes of each of the Sold Companies, access to books
and records, employees, contractors and representatives) as is reasonably
necessary for the filing of all Tax Returns, the making of any election related
to Taxes, the preparation for any audit by any Taxing Authority, and the
prosecution or defense of any claim, suit or proceeding relating to any Tax
Return; provided, however, that if such requested information is contained
within a document containing any unrelated information, only portions pertaining
to such relevant information shall be furnished.  Buyer and Seller
Parent shall retain all books and records with respect to Taxes pertaining to
the Sold Companies and the Acquired Assets until the expiration of all relevant
statutes of limitations (and, to the extent notified by Buyer and Seller Parent,
as the case may be, any

       

      
        
           

        

        
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      extensions
thereof).  At the end of such period, each party shall provide the
other with at least 30 days prior written notice before destroying any such
books and records, during which period the party receiving such notice can elect
to take possession, at its own expense, of such books and records.

       

      (b)
Seller Parent shall prepare, or cause to be prepared, in a manner consistent
with past practice, all Tax Returns in respect of the Sold Companies or the
Acquired Assets for all tax periods that end on or before the Closing Date
(“Pre-Closing Tax
Returns”).  With regard to a Pre-Closing Tax Return of a Sold
Company that (1) is not part of a consolidated, unitary, combined or similar
basis Tax Return that includes such Sold Company and any of the Seller Parent or
any of its Affiliates other than a Sold Company (a “Stand Alone Pre-Closing Tax
Return”) and (2) will be filed after the Closing Date, (i) Seller Parent
shall permit Buyer to review and comment on each such Pre-Closing Tax Return and
shall make such revisions as are reasonably requested by Buyer, (ii) Seller
Parent and Buyer shall provide to each other such cooperation and information,
as and to the extent reasonably requested, in connection with the filing of any
such Pre-Closing Tax Returns, and (iii) Buyer shall timely file, or cause to be
filed, all such Pre-Closing Tax Returns and provide final copies to Seller
Parent.  Seller Parent shall timely file, or cause to be filed, all
other Pre-Closing Tax Returns.  In the case of a Stand Alone
Pre-Closing Tax Return to be filed by Seller Parent after the date of this
Agreement and prior to the Closing Date, Seller Parent shall provide Buyer with
a copy of a substantially final draft of such Tax Return at least 10 days prior
to filing.  Buyer shall prepare, or cause to be prepared, all Tax
Returns in respect of the Sold Companies for any taxable period ending after the
Closing Date which begins before the Closing Date (a “Straddle Period”), in
a manner consistent with past practices.  Buyer shall provide Seller
Parent with a copy of a substantially final draft of each Straddle Period Tax
Return prepared by Buyer (and such additional information regarding such
Straddle Period Tax Return as may reasonably be requested by Seller Parent) for
its review and comment at least 60 days prior to the filing of such Tax
Return.  Buyer shall pay the amounts shown to be due on any such
Straddle Period Tax Returns.  In advance of the filing of such
Straddle Period Tax Returns, Seller Parent shall pay to Buyer its share of any
such Taxes, with the timing of such payment and the amount of such share
determined in accordance with Section 5.7(d).

       

      (c)
Except for the Sold Companies organized under the laws of the United Kingdom or
Germany, Buyer acknowledges and agrees that each Sold Company that is not a
United States entity shall not pay any distributions or dividends to its
shareholders prior to January 1 of the calendar year following the year in which
the Closing occurs.  The preceding sentence shall not apply to any
Sold Company for which Buyer makes a valid election under Section 338(g) of the
Code in accordance with the terms of Section 5.6(d) hereof.

       

      (d)
Without the prior written consent of Seller Parent (which consent may be
withheld in Seller Parent’s sole discretion) Buyer shall not make any Tax
election under the Code (or the Tax Laws of any other jurisdiction) with respect
to the Sold Companies (including, for the avoidance of doubt, any election under
Section 301.7701-3 of the Treasury Regulations or election pursuant to Section
338 of the Code (or any comparable state, local or foreign provision)) to the
extent such election would cause the sale of the Sold Shares to be treated as an
asset sale for Tax purposes, except that Buyer shall be allowed to make an
election under Section 338(g) of the Code with respect to the sale of shares for
Terex Mining Australia Pty. Ltd., O&K

       

      
        
           

        

        
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      Australia
Pty. Ltd., and O&K Orenstein & Koppel, Inc. provided that for each Sold
Company for which Buyer makes such election, (i) Buyer timely notifies Seller
Parent in writing of such election and (ii) cooperates in the filings of Tax
Returns reflecting such election (i.e., IRS Forms 8023 and
8883).  Buyer shall not (i) amend any Pre-Closing Tax Return without
Seller Parent’s written consent, or (ii) without the written consent of Seller
Parent (not to be unreasonably withheld) or unless otherwise required by
applicable Law as reasonably determined by Buyer in good faith (A) take any Tax
position on any Tax Return (other than the United States federal consolidated
tax return of which Buyer is a member) of a Sold Company that is inconsistent
with elections made, positions taken or methods used in preparing the Tax
Returns of such Sold Company for tax periods (including the portion of any
Straddle Period) that end on or before the Closing Date, (B) compromise or
settle any Tax
liability of a Sold Company if such action adversely affects Seller Parent’s
obligation to indemnify Buyer under ‎Section 5.7(a), or (C) amend a Straddle
Period Tax Return to the extent such action adversely affects Seller Parent’s
obligation to indemnify Buyer under ‎Section 5.7(a).  Buyer shall not
consent to the waiver of the statute of limitations of the Sold Companies for
any period ending on or before the Closing Date, without the prior written
consent of Seller Parent, which written consent will not unreasonably be
withheld.

       

      (e) If a
Sold Company was treated as a controlled foreign corporation (as defined in
Section 957 of the Code) prior to the Closing Date, Buyer shall cause a Form
5471, Information Return of U.S. Persons with Respect to Certain Foreign
Corporations (including profit and loss balance sheets), to be timely and
accurately filed for each such Sold Company for the Tax year in which the Buyer
acquires such Sold Company.  Each such Form 5471 shall be filed as a
joint information return in respect of Buyer (or its applicable Affiliate) and
Seller Parent (or its applicable Affiliate).  In connection with the
filing of each such Form 5471, Seller Parent agrees to furnish or cause to be
furnished to Buyer, upon request, as promptly as practicable, such information
and assistance that is reasonably required to properly complete such Form
5471.  Buyer shall provide copies of the Forms 5471 to Seller Parent
no later than 10 Business Days prior to the due date for filing such Forms 5471
for Seller Parent’s review and comment. In the event a Section 338(g) election
is made with respect to a Sold Company pursuant to Section 5.6(d) then the
parties shall mutually cooperate in the filing of any required Forms
5471.

       

      (f) Prior
to the Closing Date, Seller Parent shall terminate any tax-sharing allocation,
and indemnification agreements and arrangements of the Sold Companies and such
agreements shall have no further effect for any taxable year or period (whether
a past, present or future year or period), no additional payments shall be made
thereunder on or after the Closing Date with respect to any period, and the
liability for any obligations or amounts payable thereunder shall be excluded
from the Final Statement of Net Asset Value.

       

      SECTION
5.7. Tax
Indemnity.

       

      (a)
Seller Parent shall indemnify Buyer and its Affiliates (including the Sold
Companies) and each of their respective officers, directors, employees and
agents and hold them harmless against (i) all Tax liabilities of Seller Parent,
the Sold Companies or their Affiliates for all taxable periods (or portions
thereof in the case of a Straddle Period) ending on or before the Closing Date
except to the extent of the amounts reflected on the Final Statement of Net
Asset

       

      
        
           

        

        
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      Value and
all Losses, claims, liabilities, costs, and expenses relating to such Tax
liabilities, (ii) all Taxes that are Excluded Liabilities described in Section
2.2(c)(ix) hereof, (iii) all Tax liabilities arising out of or due to any breach
of any representation or warranty in Section 3.12, treating such representation
or warranty as though made on and as of the date hereof and the Closing Date,
except to the extent such representation or warranty relates to a specified date
(in which case such representation and warranty shall be true and correct only
on and as of such specified date), covenant or other agreement of any Share
Seller contained in this Agreement, (iv) Taxes (net of all foreign tax credits
attributable thereto that are actually realized within three years of the
Closing Date) imposed on subpart F income (as defined in Section 952 of the
Code) or as a result of a Section 956 inclusion (as defined in Section 956 of
the Code) in respect of the Sold Companies that is allocable to any taxable
period (or portion thereof in the case of a Straddle Period) ending on or before
the Closing Date based on a closing of the books method as of the Closing Date
(for clarification, the determination of Taxes will be calculated based on a
hypothetical closing of the books method on the Closing Date, even though Law
may require the calculation of such Taxes on an annual basis, thus, any
dividends, distributions, or other actions of the Sold Companies after the
Closing will not affect such determination), (v) any liability for Taxes imposed
on any of the Sellers, their Affiliates or the Sold Companies (including,
without limitation, by manner of withholding) as a result of the transactions
contemplated by this Agreement (other than any Transfer Taxes required to be
paid by Buyer pursuant to Section 5.22(b)), any internal restructuring in
anticipation of the transactions contemplated by this Agreement (other than
Taxes that Buyer is obligated to indemnify Seller Parent for pursuant to Section
5.7(c))or any repayment, discharge, cancellation, or extinguishment of an
intercompany liability, (vi) any liability for Taxes of the Share Sellers or
their Affiliates (other than any of the Sold Companies), (vii) any liability for
Taxes attributable to any entity other than the Sold Companies but imposed on
any of the Sold Companies pursuant to Treasury Regulation Section 1.1502-6 or
similar provision of state, local, or foreign Law solely as a result of such
Sold Company having been a member of Share Sellers’ Group or any Retained
Affiliate Group, (viii) any Tax Equalization Clawback amount for which it is
liable pursuant to Section 5.7(c), and (ix) any liability for Transfer Taxes
required to be paid by Seller Parent pursuant to Section 5.22(b).

       

      (b)
Notwithstanding anything in Section 5.7(a) to the contrary, the Tax indemnity
provided under Section 5.7(a) shall not cover Tax liabilities (i) directly
resulting from the operations of the Sold Companies after the Closing Date to
the extent such liabilities would have been imposed in the absence of any event
giving rise to an obligation of Seller Parent to indemnify Buyer under Section
5.7(a), or, (ii) resulting from a breach of any covenant or other agreement of
Buyer contained in this Agreement, including without limitation a breach of
Sections 5.6(c) or 5.6(d) (a “Buyer Tax Act”).  With respect to the
transactions contemplated in Schedule 2, hereto,  Buyer and its
Affiliates, on the one hand, and Seller Parent and its Affiliates, on the other
hand, agree that neither party is warranting to the other party any Tax
consequences of the Hive-Down (as defined in Schedule 2) and neither party shall
be liable to the other party for the failure of such other party to realize the
anticipated Tax consequences.

       

      (c)
Buyer, jointly and severally, and the Sold Companies shall indemnify Seller
Parent and its Affiliates and each of its officers, directors, employees and
agents and hold them harmless against (i) all Tax liabilities of the Sold
Companies proximately resulting from any Buyer Tax Act, (ii) all Tax liabilities
with respect to any taxable period (or portions thereof in the case of a
Straddle Period) that begins after the Closing Date and that are imposed on or
in respect

       

      
        
           

        

        
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      of the
Sold Companies and all Losses, claims, liabilities, costs, and expenses relating
to such Tax liabilities, (iii) all Tax liabilities and costs described under the
“Additional German Carve-out Indemnification” set forth in Schedule 2 (and
subject to the terms set forth on such Schedule 2), and (iv) the increased Tax
liability imposed as a result of a determination that the income from the sale
of the Carve-out Intellectual Property (as defined in Schedule 2),is, solely as
a result of such Carve-out Intellectual Property not being transferred to the
German Carve-out Newco and instead being transferred directly to Buyer or its
designee pursuant to Schedule 2, treated as subpart F income (as defined in
Section 952 of the Code), to the extent that such subpart F income exceeds the
amount of subpart F income that would have been realized upon the sale of the
German Carve-out Newco in respect of such Carve-out Intellectual Property if
such property had been transferred to German Carve-out Newco pursuant to the
hive down; provided, however, that amounts for which Buyer is liable to
indemnify Seller Parent or its Affiliates pursuant to this clause (iv) shall be
reduced (and promptly refunded to Buyer) by the following: to the extent Terex
European Holdings BV or any of its Subsidiaries or any non-US direct or indirect
shareholder of Terex European Holding BV makes a distribution or otherwise
enters into a transaction that would, in each case, have caused Seller Parent to
include within three years following the Closing Date an amount equal to the
excess of the United States income taxes that would have been paid by Seller
Parent on such distribution had the gain realized on the sale of the Carve-out
Intellectual Property not been treated as subpart F income over the United
States income taxes that would have been paid by Seller Parent on such
distribution had the gain realized on the sale of the Carve-out Intellectual
Property been treated as subpart F income (the “Tax Equalization
Clawback”).

       

      (d) For
purposes of this Section 5.7, in the case of any Taxes that are payable for a
Straddle Period, the portion of such Tax related to the portion of such Straddle
Period ending on and including the Closing Date shall (i) in the case of any
Taxes imposed on a periodic basis (e.g. ad valorem property and license fees)
other than taxes set forth in clause (ii) below, be deemed to be the amount of
such Tax for the entire Tax period multiplied by a fraction the numerator of
which is the number of days in the Tax period ending as of the Closing Date and
the denominator of which is the number of days in the entire Tax period, and
(ii) in the case of any non-periodic Taxes, including but not limited to any Tax
based upon or related to income, gains or receipts or based upon or related to
employment or sales or use, value added, and customs duty, be deemed equal to
the amount that would be payable if the relevant Tax period ended as of the
Closing Date.  Any credits relating to a Taxable period that begins
before and ends after the Closing Date shall be taken into account as though the
relevant Taxable period ended on the Closing Date.  The portion of any
credits relating to a Straddle Period shall be determined as though the relevant
taxable period ended on and included the Closing Date.  All
determinations necessary to give effect to the foregoing allocations shall be
made in a manner consistent with the past practice of the Sold
Companies.  In the case of any written notice by any of Buyer or its
Affiliates indicating that Taxes are due for a Straddle Period Tax Return, such
notice shall set forth in reasonable detail the calculations regarding Seller
Parent’s share of such Taxes, and if within ten (10) Business Days after receipt
of such notice, Seller Parent notifies Buyer in writing that it disagrees with
the computation of their share of such Taxes, Seller Parent and Buyer shall
proceed in good faith to determine Seller Parent’s share of such
Taxes.  If Seller Parent and Buyer cannot agree in good faith on
Seller Parent’s share within thirty (30) days after receipt of such notice,
Seller Parent’s share of such Taxes shall be determined pursuant to Section
5.7(f), and Seller Parent’s payment shall be due three (3) Business Days after
the amount

       

      
        
           

        

        
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      payable
is determined by agreement between Seller Parent and Buyer or pursuant to
Section 5.7(f).

       

      (e)
Payment by the indemnitor of any amount due under this Section 5.7 shall be made
within ten (10) Business Days following written notice by the indemnitee that
payment of such amounts to the appropriate Taxing Authority is due, provided
that the indemnitor shall not be required to make any payment earlier than 5
Business Days before it is due to the appropriate Taxing
Authority.  In the case of a Tax that is contested in accordance with
the provisions of Section 5.8 below, payment of the Tax to the appropriate
Taxing Authority shall not be considered to be due earlier than the date a final
determination to such effect is made by the appropriate Taxing Authority or
court; provided, however, that payment of such
Tax will be considered due in all cases if the relevant Tax is required to be
paid in advance of a final determination (including, without limitation,
payments that are required to be made to challenge a proposed
adjustment).

       

      (f) Any
disputes between the parties with respect to the Tax matters Section 5.6,
Section 5.7, Section 5.8 and Section 5.9 shall be resolved by a national public
accounting firm reasonably satisfactory to Seller Parent and Buyer, whose fees
and expenses shall be borne by the non-prevailing party in such dispute (it
being understood that for purpose of this sentence, a party shall be deemed to
have prevailed in such a dispute if the amount ultimately determined pursuant to
this Section 5.7(f) is within 10% of the amount claimed by such party to be the
correct amount and is not within 10% of the amount claimed by the other party to
be the correct amount) or, if there is no non-prevailing party, shall be borne
equally by the parties in such dispute.

       

      SECTION
5.8. Procedures
Relating to Indemnity of Tax Claims.

       

      (a)
Seller Parent shall promptly notify Buyer in writing upon receipt of notice of
any pending Tax audits, assessments, or administrative or court proceedings
relating to the Taxes of the Sold Companies.  If a claim shall be made
against Buyer or Seller Parent, as the case may be, or any of their Affiliates
by any Taxing Authority, which, if successful, would result in an indemnity
payment to Buyer or Seller Parent, as the case may be, or one of their
Affiliates pursuant to Section 5.7(a) or Section 5.7(c) (a “Tax Claim”), Buyer or
Seller Parent, as the case may be, shall promptly notify Seller Parent, or
Buyer, as the case may be, in writing of such Tax Claim stating the nature and
basis of such Tax Claim and the amount thereof, to the extent known by Buyer or
Seller Parent, as the case may be, provided, however, that the failure to
provide such sufficient written notice shall not excuse the Buyer or Seller
Parent from any of its obligations, except to the extent that Buyer or Seller
Parent, as the case may be, is prejudiced thereby.

       

      (b)
Subject to Section 5.8(d), with respect to any audit, assessment, or
administrative or court proceeding or similar proceeding (“Tax Proceeding”) that
relates to a Pre-Closing Tax Return, Seller Parent shall control at its expense
all proceedings taken in connection with such Tax Proceeding (including
selection of counsel) and, without limiting the foregoing, may in their sole
discretion pursue or forego any and all administrative appeals, proceedings,
hearings and conferences with any Taxing Authority with respect thereto and may,
in their sole discretion, either pay the Tax claimed and sue for a refund where
applicable Law permits such

       

      
        
           

        

        
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      refund
suits or contest the Tax Proceeding in any permissible manner.  With
respect to any Tax matter covered by the preceding sentence, Seller Parent shall
not, without the prior written approval of Buyer (which shall not be
unreasonably withheld or delayed), agree or consent to compromise or settle,
either administratively or after the commencement of litigation, any issue or
claim arising in such proceeding, or otherwise agree or consent to any Tax
liability, to the extent that any such compromise, settlement, consent or
agreement may increase the Tax Liability of Buyer or the Sold Companies or any
of their Affiliates for any Tax period beginning on or after the Closing Date
(or portion thereof in the case of a Straddle Period), unless Seller Parent
indemnifies Buyer for the increase in Taxes resulting from such compromise,
settlement, consent or agreement.  Buyer shall be entitled to
participate at its own expense in any Tax Proceeding subject to this Section
5.8(b) to the extent that such Tax Proceeding relates to a Sold Company, the
Business, or the Acquired Assets, provided, however, that Buyer shall not be
entitled to participate in the portion of such Tax Proceeding that relates to a
Tax Return that is not a Stand Alone Pre-Closing Tax Return or relates to items
that are not in connection with the Acquired Assets.

       

      (c)
Subject to Section 5.8(d), with respect to any Tax Proceeding relating to a
Straddle Period Tax Return, Buyer shall control at its expense all proceedings
taken in connection with such Tax Claim (including selection of counsel) but
shall not, without the prior written approval of Seller Parent (which shall not
be unreasonably withheld or delayed), agree or consent to compromise or settle,
either administratively or after the commencement of litigation, any issue or
claim arising in such proceeding, or otherwise agree or consent to any Tax
liability, to the extent that any such compromise, settlement, consent or
agreement may increase the Taxes for which Seller Parent would be liable under
Section 5.7(a), unless Buyer indemnifies the Seller Parent for the increase in
Taxes resulting from such compromise, settlement, consent or
agreement.  Seller Parent shall be entitled to participate at its own
expense in any Tax Proceeding subject to this Section 5.8(c), to the extent that
such Tax Proceeding relates to a Sold Company, the Business, or the Acquired
Assets, provided, however, that Seller Parent shall not be entitled to
participate in the portion of such Tax Proceeding that relates to a Tax Return
that is not a Straddle Period Tax Return.

       

      (d) In
the event of any Tax Proceeding that relates to Stand Alone Pre-Closing Tax
Returns and other Tax Returns for periods commencing after the Closing Date in
respect of the Sold Companies or the Acquired Assets, Buyer and Seller Parent
shall attempt to mutually agree (and to the extent Buyer and Seller Parent
cannot agree, the parties shall permit the relevant Taxing Authority to
determine) whether one or more issues can be separated in all respects
(including as to settlements) into (A) those for which Seller Parent would be
liable under Section 5.7(a) and (B) those for which Buyer would be liable under
Section 5.7(c) and, in such case, Seller Parent shall control the defense of
those issues that fall under clause (A) of this sentence, subject to the
provisions of Section 5.8(b), and Buyer shall control the defense of those
issues that fall under clause (B) of this sentence, subject to the provisions of
Section 5.8(c).  With respect to all other issues, Buyer shall have
the right to control the defense employing counsel and other advisors of its
choice; provided that (i)
Seller Parent shall have the right to participate at its own expense in the
defense with respect to the issues for which Seller Parent would be liable under
Section 5.7(a), (ii) Buyer will cooperate with Seller in the defense of any such
issues, and (iii) Buyer shall not, without the prior written approval of Seller
Parent (which shall not be unreasonably withheld or delayed), agree or consent
to compromise or settle, either

       

      
        
           

        

        
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      administratively
or after the commencement of litigation, any issue or claim arising in such
proceeding, or otherwise agree or consent to any Tax Liability, to the extent
that any such compromise, settlement, consent or agreement may increase the
Taxes for which Seller Parent would be liable under Section 5.7(a), unless Buyer
indemnifies Sellers for the increase in Taxes resulting from such compromise,
settlement, consent or agreement.  Notwithstanding the foregoing,
Buyer shall control any Tax Proceeding to the extent it relates to an issue that
is subject to indemnification by Buyer pursuant to Section
5.7(c)(iv).

       

      SECTION
5.9. Refunds
Any Tax
refunds that are received by Buyer, or the Sold Companies, and any refunds,
overpayments, or tax credits credited against Tax for taxable periods ending on
or before the Closing Date to which Buyer or the Sold Companies become entitled,
which such refunds, overpayments or tax credits credited relate to taxable
periods of the Sold Companies (or portions thereof in the case of a Straddle
Period) ending on or before the Closing Date shall be for the account of Seller
Parent and Buyer shall pay over to Seller Parent an amount of cash equal to the
actual cash received or the Tax refund or overpayment actually credited in
excess of what it would have received or had credited in the absence of any such
refund or credit within 15 days of the receipt of such benefit.  In
addition, to the extent that a claim for refund, credit or overpayment in
connection with any audits, examinations or Tax proceedings results in a refund
or credit against Tax by a Taxing Authority to Buyer or the Sold Companies of
any amount accrued for any taxable periods (or portions thereof in the case of
the Straddle Period) ending on or before the Closing Date, including any Tax
refund or credit allowable in connection with the Excluded Liabilities or
Excluded Assets, Buyer shall pay an amount of cash equal to the actual cash
received, or Tax refund or overpayment actually credited in excess of what it
would have received in the absence of any such refund or credit within 15 days
of the receipt of such benefit.  Buyer agrees that it shall not,
without Seller Parent’s consent, cause or permit the Sold Companies to carry
back to any taxable period ending on or prior to the Closing Date any net
operating loss, loss from operations or other Tax attribute, and further agrees
that Seller Parent has no obligation under this Agreement to return or remit any
refund or other Tax benefit attributable to a breach by Buyer of the foregoing
undertaking.  Any Tax refunds that are received by a Share Seller or
any of the Share Seller’s Affiliates and any overpayments credited against Tax
to which a Share Seller or any of the Share Seller’s Affiliates become entitled,
that relate to taxable periods (or portions thereof in the case of a Straddle
Period) of the Sold Companies ending after the Closing Date shall be for the
account of Buyer, and Seller Parent shall pay over to Buyer an amount of cash
received or the Tax refund actually received by a Share Seller or any of the
Share Seller’s Affiliates in excess of what it would have received in the
absence of any such refund or credit within 15 days of the receipt of such
benefit.

       

      SECTION
5.10. Employment
Matters Generally.

       

      (a) In
regard to the Closing (i) where applicable Law or rules provide for the
automatic transfer or continuation of employment of the Business Employees upon
the sale of the Business, (A) Buyer or one of its Affiliates shall assume and
honor all terms and conditions of employment in respect of the Business
Employees to the extent required by Law, (B) Buyer and Parent Seller agree to
take such actions as are reasonably practicable such that the employment of the
Business Employees will transfer to Buyer or its Affiliate as a matter of
law

       

      
        
           

        

        
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      as of the
Closing Date, and, except as otherwise required by Law, (C) Buyer or one of its
Affiliates shall employ each Business Employee at salary and wages which are
reasonably comparable in aggregate value to those payable by Seller Parent or
its Affiliates to such Business Employee immediately prior to the Closing Date
and, as and to the extent required by Law, shall maintain terms and conditions
of employment which are of reasonably comparable aggregate value to those
provided by Seller Parent or its Affiliates immediately prior to the Closing
Date, and (ii) where applicable Law or rules do not provide for the automatic
transfer or continuation of employment of the Employees upon the sale of the
Business, Buyer or one of its Affiliates shall make an offer of employment, to
be effective as of the Closing Date, to such Business Employees which is of
reasonably comparable aggregate value to the salary, wages and terms and
conditions of employment provided by Seller Parent or its Affiliates to such
Business Employees immediately prior to the Closing Date.  Effective
as of the Closing Date, Buyer shall, or shall cause one or more of its
Affiliates to, assume each of the collective bargaining agreements listed or
described on Schedule
5.10(a).

       

      (b) Buyer
and Seller Parent shall use commercially reasonable efforts to take any and all
required actions necessary to minimize to the greatest extent practicable the
possibility that severance benefits and/or government-required termination
liabilities shall be payable to a Business Employee regardless of whether such
Business Employee becomes employed by Buyer or one of its Affiliates or accepts
Buyer’s or one of its Affiliates’ offer of employment; provided, however, that
to the extent the payment of severance benefits and/or government-required
termination liabilities to any such Business Employee is nevertheless required
as a result of the consummation of the transactions contemplated by this
Agreement and the consequent transfers of employment, notwithstanding that Buyer
or one of its Affiliates has employed, or made an offer of employment to, such
Business Employee in accordance with the terms of this Agreement, such severance
benefits and government-required termination liabilities shall be the sole
responsibility of Buyer.  Buyer shall indemnify Seller Parent and its
Affiliates and hold them harmless from and against any Losses which may be
incurred or suffered by any of them in connection with any claim made by a
Business Employee for any reason due to a Business Employee’s termination or
deemed termination of employment on or after the Closing Date for any
reason.

       

      SECTION
5.11. U.S. Employment
Matters.

       

      (a) On or
prior to the Closing Date, Buyer shall, or shall cause one or more of its
Affiliates to, offer employment, with reasonably comparable job responsibilities
as those performed prior to the Closing Date, to each U.S. Business Employee
(other than employees of the Sold Companies, all of whom shall continue
employment with such Sold Company as of the Closing Date by operation of Law)
who is either actively employed by a Seller as of the Closing Date or is absent
from work as of the Closing Date by reason of any leave of absence.

       

      (b) Such
offers of employment described in Section 5.11(a) shall include an offer, for a
period of not less than one year, of compensation programs that are of
reasonably comparable aggregate value to those as in effect with respect to such
U.S. Business Employee immediately prior to the Closing Date as previously
disclosed.  As of the Closing Date or, with respect to any U.S.
Business Employee on a leave of absence, as of the date such U.S. Business
Employee commences active employment with Buyer or its Affiliates or returns to
active

       

      
        
           

        

        
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      employment
with a Sold Company, each U.S. Business Employee who accepts Buyer’s offer of
employment, each U.S. Business Employee whose employment automatically transfers
to a Buyer by operation of local law, and each employee of the Sold Companies
(herein, collectively referred to as “U.S. Transferred
Employees”) shall become an employee of Buyer or one or more of its
Affiliates (or a Sold Company, as applicable).

       

      (c)
During the one year period from and after the Closing, Buyer shall provide to
the U.S. Transferred Employees overall employee benefits that are of reasonably
comparable aggregate value to those provided on average to the U.S. Transferred
Employees immediately prior to the Closing Date as previously disclosed; provided, however, that any
specific provision regarding employee benefits set forth elsewhere in this
Section 5.11 shall take precedence over the foregoing general obligation with
respect to the benefits that are the subject of such specific
provision.

       

      (d)
Notwithstanding anything herein to the contrary, this Agreement shall not alter
the at-will nature of any U.S. Transferred Employee’s
employment.  Nothing in this Agreement shall restrict, limit or
interfere with the ability (after the Closing) of Buyer or its respective
Affiliates to terminate, amend or replace any particular agreement, plan or
program, to alter the terms and conditions of employment or to terminate the
employment of any person, provided that the requirements of this Section 5.11
are otherwise satisfied.

       

      (e)
Retirement Benefits:  Seller Parent shall, effective as of the Closing
Date, cease all contributions in respect of each U.S. Transferred Employee in
Seller Parent’s tax-qualified defined contribution plans in which such
individual is then participating.  Such tax-qualified Plans that are
individual account plans are set forth on Schedule 3.14(c)
(“Seller Parent’s
Savings Programs”).  As of the Closing Date, Buyer or one of
its Affiliates shall have in effect one or more defined contribution plans that
includes a qualified cash or deferred arrangement within the meaning of Section
401(k) of the Code (“Buyer’s 401(k)
Plan”).  As soon as practicable following the Closing Date, to
the extent elected by a U.S. Transferred Employee, Seller Parent agrees to cause
the Seller Parent’s Savings Programs to transfer to the Buyer’s 401(k) Plan, and
Buyer agrees to cause the Buyer’s 401(k) Plan to accept “eligible rollover
distributions within the meaning of Section 402(c)(4) of the Code of U.S.
Transferred Employees’ account balances (including outstanding Plan loans) under
Seller Parent’s Savings Programs as of the valuation date next preceding the
date of transfer.  Except as otherwise required under any collective
bargaining agreement, as of the Closing Date, Seller Parent will fully vest the
account balances of each U.S. Transferred Employee (to the extent not then fully
vested), if any, under Seller Parent’s Savings Programs.

       

      (f) Welfare Benefits and
COBRA:

       

      (i)           As
of the U.S. Transferred Employees Transition Date, Buyer or one of its
Affiliates shall establish and designate a health and welfare plan or plans
providing medical, dental, group life, travel, disability and accidental and
dismemberment insurance coverages or policies for the benefit of the U.S.
Transferred Employees that are of reasonably comparable aggregate value to the
health and welfare plan or plans covering the U.S. Transferred Employees
immediately prior to the Closing (the “Buyer Welfare
Plans”).  Buyer shall be responsible for all claims incurred by
U.S. Transferred Employees and their spouses/dependents under Buyer

       

      
        
           

        

        
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      Welfare
Plans on or after the U.S. Transferred Employees Transition Date, and Seller
Parent shall retain responsibility for all claims incurred by U.S. Transferred
Employees and their spouses/dependents prior to the U.S. Transferred Employees
Transition Date pursuant to the terms of the Transition
Agreement.  Reimbursement of U.S. Transferred Employees for expenses
associated with such claims shall be determined in accordance with the terms of
the applicable plans as in effect at the time such claims are made.

       

      (ii)           Buyer
shall, or shall cause their respective Affiliates to, recognize each U.S.
Transferred Employee’s service with Seller Parent, the Sold Companies or their
respective Affiliates for purposes of eligibility, vesting and eligibility
waiting periods in Buyer Welfare Plans.  In addition, to the extent
pre-existing condition limitations have been met or are otherwise inapplicable
with respect to the U.S. Transferred Employees under Seller Parent’s employee
benefit plans as of the U.S. Transferred Employees Transition Date, Buyer shall,
or shall cause its respective Affiliates to, waive any such pre-existing
condition under Buyer Welfare Plans applicable to the U.S. Transferred
Employees, and shall recognize the dollar amount of all expenses incurred by the
U.S. Transferred Employees and their respective spouses or dependents during the
calendar year in which the U.S. Transferred Employees Transition Date occurs for
purposes of satisfying the deductibles and co-payment or out-of-pocket
limitations for such calendar year under Buyer Welfare Plans.

       

      (iii)           Buyer
shall assume the liability for all M &A Qualified Beneficiaries of the
Sellers (as that term is defined in 26 C.F.R. Section 54.4980B-9 Q & A 4)
under Seller Parent’s group health plan.  On a monthly basis following
the Closing, Seller Parent shall notify Buyer of any and all actual costs
incurred by Seller Parent’s group health plan on account the M&A Qualified
Beneficiaries referenced herein, less the aggregate premiums actually received
from the M&A Qualified Beneficiaries for such coverage (the “Net COBRA
Cost”).  Upon receipt thereof, Buyer shall timely remit payment
to Seller Parent’s group health plan in an amount equal to the Net COBRA
Cost.

       

      (g)           Buyer’s
workers’ compensation program shall be responsible for all claims for benefits
which are incurred on or after the Closing Date by participating U.S.
Transferred Employees.  Seller Parent’s workers’ compensation program
shall be responsible for all claims for benefits which are incurred prior to the
Closing Date by participating U.S. Transferred Employees.

       

      (h) Labor
matters:

       

      (i)           Buyer
shall not, and shall cause its Affiliates not to, at any time prior to 90 days
after the Closing Date, effectuate a “Plant Closing” or “Mass Layoff,” as those
terms are defined in the WARN Act, affecting in whole or in part any site of
employment, facility, operating unit or employee with respect to the
Business.  Seller Parent agrees that between the date hereof and the
Closing Date, it will cause the Sold Companies and the Asset Sellers in respect
of the Business not to effect or permit a “Plant Closing” or “Mass Layoff” as
these terms are defined in the WARN Act without notifying Buyer in advance and
without complying with the notice requirements and all other provisions of the
WARN Act.

       

      
        
           

        

        
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      (ii)           Buyer
and Seller Parent shall, and Seller Parent shall cause the other Sellers and the
Sold Companies to, cooperate in connection with any required notifications as
required in accordance with Section 5.15.

       

      (i) A
breach by Buyer or Seller Parent of their respective obligations under this
Section 5.11 shall give rise to an obligation by the breaching party to
indemnify, defend and hold harmless the non-breaching party from and against any
and all damages incurred thereby or caused thereto under or pursuant to the WARN
Act based on, arising out of, resulting from or relating to any act or omission
to act by or of the breaching party with regard to any single site of
employment, facility, operating unit or employee of the breaching
party.

       

      SECTION
5.12. Non-U.S.
Employment Matters.

       

      (a)
Effective as of the Effective Time, in accordance with the principles set forth
in Section 5.10(a), Buyer or one of its Affiliates shall offer employment to or
shall continue the employment of Business Employees who are employed outside of
the United States (“Non-U.S. Employees”)
with compensation programs of reasonably comparable aggregate value to those as
in effect with respect to such Non-U.S. Employees immediately prior to the
Effective Time (or the same as may be required by Law) for a period of not less
than one year following the Effective Time, and shall grant to Non-U.S.
Employees who become Transferred Employees (“Non-U.S. Transferred
Employees”) reasonably comparable in the aggregate terms and conditions
of employment (or the same as may be required by Law) as are in effect
immediately prior to the Effective Time for a period not less than that provided
for by local country Law.  In addition, for a period of not less than
one year following the Effective Time, Buyer or one of its Affiliates shall
maintain employee benefit plans, programs, policies and arrangements for
Non-U.S. Transferred Employees (other than the features of any plans or
arrangements based on employer equity securities) that, with respect to those
set forth on Schedule
5.12(a) that Seller Parent and its Affiliates have in effect at the
Effective Time for Non-U.S. Employees, are of reasonably comparable aggregate
value; provided, however, that nothing herein is intended to require Buyer to
provide terms and conditions of employment after the Effective Time that would
conflict or otherwise be inconsistent with the requirements of local country
Law.

       

      (b) Non-U.S. Employee Benefit
Plans:

       

      (i)           Effective
as of the Effective Time, except as may otherwise be provided in the Transition
Agreement, Buyer or one of its Affiliates shall establish and qualify or
register with applicable regulatory authorities employee benefit plans,
programs, policies and arrangements for, or shall extend or transfer existing
employee benefit plans, programs, policies and arrangements of Buyer to, the
Non-U.S. Transferred Employees which are in accordance with local Law and which
provide benefits to such Employees on terms and conditions consistent with
Section 5.10 and Section 5.11 hereof.

       

      (ii)           Effective
as of the Effective Time, except as may otherwise be provided in the Transition
Agreement, Non-U.S. Transferred Employees shall cease to be active participants
in any Benefit Plans of Seller Parent or its Affiliates and all such persons
shall become eligible to participate in such Benefit Plans to be established by
Buyer or one of its Affiliates in connection with Buyer’s obligations
hereunder.

       

      
        
           

        

        
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      (iii)           Effective
as of the Effective Time, except as may otherwise be provided in the Transition
Agreement, all liabilities in connection with Non-U.S. Transferred Employees and
their eligible dependents under any of Seller Parent’s or its Affiliates’
Benefit Plans covering such Non-U.S. Transferred Employees and all security
means and pension assets attributable to the liabilities shall be transferred to
Buyer.

       

      (iv)           Effective
as of the Effective Time, should local law require that Buyer or one of its
Affiliates having become the sponsor and participant to a Benefits Plan are
required to cease participation in that plan, then Buyer or one of its
Affiliates shall take receipt of all of the assets and liabilities attributable
under local Law to its sponsorship of that Benefits Plan and transfer these to
another suitable Benefits Plan of Buyer or its Affiliates. All Non-U.S.
Transferred Employees affected by such transfers of assets and liabilities will
have all their benefits secured with Buyer or an Affiliate's Benefit Plan and
such persons shall be eligible to participate in that same Benefits Plan in
connection with Buyer's obligations hereunder.

       

      (v)           Effective
as of the Effective Time, Buyer or its Affiliates shall become liable for any
and all unfunded liabilities of Non-U.S. Benefit Plans, including those arising
from the operation of the U.K. Pensions Act 1995, including any and all
liabilities related to Section 75 or Section 75A thereof or any regulations made
under either section and/or any re-enactment or replacement thereof, and the
German Act on Company Pensions (Gesetz zur verbesserung der
betrieblichen Altersversorgung, BetrAVG), which relate to the sponsorship
or participation of Buyer or its Affiliates in any Benefits Plan.  For
the avoidance of doubt, Buyer or its Affiliates shall assume liability for any
and all unfunded liabilities associated with the Terex Pension Scheme – Halco
Section (UK) (not the remainder of the Terex Pension Scheme unrelated to Halco)
and the Terex O&K GmbH Pension Scheme, relating to all participants covered
by such plans, including deferred vested members and retirees.

       

      (c) Employment
Liabilities:

       

      (i)           Buyer
shall be responsible for all claims incurred by Non-U.S. Transferred Employees
and their eligible spouses/dependents under health and welfare plans covering
Non-U.S. Transferred Employees on or after the Applicable Non-U.S. Transferred
Employees Transition Date, and Seller Parent shall retain responsibility for all
claims incurred by Non-U.S. Transferred Employees and their eligible
spouses/dependents prior to the Applicable Non-U.S. Transferred Employees
Transition Date pursuant to the terms of the Transition
Agreement.  Reimbursement of Non-U.S. Transferred Employees for
expenses associated with such claims shall be determined in accordance with the
terms of the applicable plans in effect at the time such claims are
made.

       

      (ii)           Buyer
shall be responsible for all workers’ compensation claims of any Non-U.S.
Transferred Employee after the Effective Time.  Seller Parent shall be
responsible for all workers’ compensation claims of any Non-U.S. Transferred
Employee prior to the Effective Time.

       

      SECTION
5.13. Vacation.  With
respect to all Transferred Employees, Buyer will recognize all accrued and
unused vacation days which are reflected and have been accrued as “accrued
expenses” in the Closing Statements, and will allow the Transferred Employees to
take

       

      
        
           

        

        
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      such
accrued vacation days which have accrued to such Transferred Employee following
the Closing Date in accordance with the policies of the Business, as in effect
from time to time following the Closing Date subject always to applicable
Law.

       

      SECTION
5.14. No Third Party
Beneficiaries.  No
agreement between the parties hereto nor any action by Seller Parent, Buyer or
their Affiliates shall be deemed to create any third party beneficiary rights in
any employees of Seller Parent, Buyer, or any Affiliate of either, and no Person
other than the parties hereto shall have any rights to enforce any provision
hereof.

       

      SECTION
5.15. Employee
Notifications.  Where
required under applicable Law, Buyer and Seller Parent shall, and Seller Parent
shall cause the other Sellers or the Sold Companies prior to the Closing Date
(or the date of a deferred closing, as contemplated by Section 2.10), to,
properly and timely notify, or where appropriate, consult or negotiate with,
employees, employee representatives, the local works council, union, labor board
or any relevant governmental agency concerning the transactions contemplated by
this Agreement.  In the event any payment is required in lieu of such
notice, Seller Parent shall bear such expense.

       

      SECTION
5.16. Contact with
Customers and Suppliers.  During
the Pre-Closing Period, Buyer and Seller Parent shall cooperate in communicating
with the Sold Companies’ and Asset Sellers’ customers, suppliers, dealers and
licensors concerning the transactions contemplated hereby, including Buyer’s
intentions concerning the operation of the Business following the
Closing.  During the Pre-Closing Period, Buyer and its representatives
shall contact or communicate with the customers, suppliers, dealers and
licensors of the Business in connection with the transactions contemplated
hereby only with the prior written consent of Seller Parent, which shall not be
unreasonably withheld and may be conditioned upon a designee of Seller Parent
being present at any such meeting or conference. For the avoidance of doubt,
nothing in this Section 5.16 shall prohibit Buyer from contacting the customers,
suppliers, dealers and licensors of the Business in the ordinary course of
Buyer’s businesses for the purpose of selling products of Buyer’s businesses or
for any other purpose unrelated to the Business and the transactions
contemplated by this Agreement.

       

      SECTION
5.17. Use of
Trademarks.

       

      (a) Buyer
shall have the right to use, for a period of six (6) months following the
Closing Date, the “Terex” name and logo.  Without limiting the prior
sentence, Buyer shall, and shall cause the Sold Companies to, take reasonable
measures to transition away from using the “Terex” name and logo as soon after
Closing as practicable.  No other use of the Sellers’ or any of their
Affiliates’ (except for the Sold Companies) trademarks, service marks, trade
names and domain names is permitted.  All rights under the first
sentence of this Section 5.17 shall terminate six (6) months after the Closing
Date.  Buyer shall cause each Sold Company, or division of the
Business, that has the name “Terex” or any confusingly similar name thereof, in
its corporate or trade name to take all necessary action, including the filing
of any documents required to be filed with any governmental authority, to effect
(within six (6) months of the Closing Date) a change of its corporate or trade
name, as the case may be, not to include the name “Terex”, or the equivalent or
corresponding trademark or name in a foreign jurisdiction (e.g. Terex’s Chinese
character trademark or name), or words confusingly similar to
thereto.

       

      
        
           

        

        
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      (b)
Notwithstanding anything to the contrary in this Agreement, Seller Parent, on
behalf of itself and its Affiliates, grants to Buyer and its Affiliates, a
non-assignable, non-sublicensable, royalty-free, non-exclusive license (i) to
use the “Terex” name and logo in an incidental manner on any equipment or
fixtures with respect to the Acquired Assets or the Business, which items are
not readily removable or the “Terex” name and logo are not readily removable
from such items, until such items are refurbished or replaced in the Ordinary
Course of Business; (ii) to use tools, dies, printing plates, and molds acquired
by Buyer (or its Affiliates) hereunder which, as of Closing, cause any of the
“Terex” name and logo to be cast, struck or molded into, or printed upon,
products currently being produced by or for the Business until such tools, dies,
printing plates, and molds are refurbished in the Ordinary Course of Business
and (iii) to sell products manufactured with the use of such tools, dies,
printing plates, and molds until such products have been sold in the Ordinary
Course of Business (including all Inventory existing as of the Closing Date or
created within six (6) months thereafter, following which Buyer may use such
plates and molds but shall not actively use Seller Parent’s
trademarks).  Buyer and its Affiliates shall in any event phase out
such use of the “Terex” name and logo from such equipment, fixtures, tools,
dies, printing plates, and molds as soon as is reasonably practicable but in no
event later than two (2) years following the Closing, and, subject to the
foregoing, shall remove the cast for the “Terex” name and logo from each such
tool, die or mold on the first occasion after the Closing Date when such tool,
die or mold is refurbished by Buyer or its Affiliates in the Ordinary Course of
Business.  For the avoidance of doubt, any such tools, dies, printing
plates, and molds acquired by Buyer (or its Affiliates) hereunder that cause any
of the “Terex” name and logo to be cast, struck or molded into, or printed upon,
products may be used for any purpose, provided that the cast for the “Terex”
name and logo is removed or otherwise permanently deleted from
it.  Buyer agrees that products of the Business manufactured following
the Closing Date bearing the “Terex” name and logo will be consistent with past
practice and of a standard of quality equivalent in all material respects to the
standard of quality for such products existing prior to the Closing
Date.  Buyer further agrees that it will not, and will cause its
Affiliates not to, use the “Terex” name and logo in its sales, marketing or
other promotional materials after six (6) months after the Closing
Date.

       

      SECTION
5.18. Credit and
Performance Support Obligations.  Seller
Parent agrees to take any and all actions reasonably necessary to transfer and
assign to Buyer any guaranties, bank guarantees, letters of credit, performance
bonds, advance payment bonds, bid bonds or warranty bonds and other similar
items (“Credit Support
Agreements”) issued and outstanding in connection with or for the benefit
of the Business of the Sold Companies or in respect of the Acquired Assets that
are assignable or transferable.  Buyer agrees to take any and all
actions reasonably necessary (and Seller Parent and its Affiliates will
cooperate with Buyer) to cause Seller Parent and its Affiliates (other than the
Sold Companies) to be absolutely and unconditionally relieved on or prior to the
Closing Date of all Liabilities arising out of any Credit Support Agreements,
including by causing Buyer or its Affiliate to be substituted in all respects
for Seller Parent and its Affiliates in respect of such liabilities and
obligations, in each case to the extent such relief and/or substitution is
permitted under the Credit Support Agreements, and Buyer shall indemnify Seller
Parent and its Affiliates (other than the Sold Companies) against any Losses of
any kind whatsoever with respect to such liabilities and
obligations.  To the extent that Seller Parent and its Affiliates are
not absolutely and unconditionally relieved of all such liabilities and
obligations on or prior to the Closing Date, (i) Buyer agrees to continue to
take any and all actions reasonably necessary to absolutely and unconditionally
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      its
Affiliates of all such Liabilities as promptly as practicable after the Closing
Date, (ii) indemnify Seller Parent and Affiliates (other than the Sold
Companies) in form and substance as reasonably acceptable to Seller Parent with
respect to any such Liabilities under the Credit Support Agreements and (iii)
cause a letter of credit to be issued, in form and substance and from a
financial institution reasonably satisfactory to Seller Parent, naming Seller
Parent and its Affiliates as beneficiaries, as security for any Liabilities
under the Credit Support Agreement, provided, however, Buyer shall
not be required to arrange for such letter of credit in support of any indemnity
of an unsecured Seller Parent guarantee where failure to have such letter of
credit would not affect Seller Parent’s liquidity under its credit facility or
other similar arrangement, until such time as Seller Parent have been relieved
of any such Liabilities.  Any costs associated with any termination of
the Credit Support Agreements shall be borne by Seller Parent and any costs
associated with the implementation of new or substituted arrangements of Buyer
shall be borne by Buyer.

       

      SECTION
5.19. Directors and
Officers; Organizational Documents.

       

      (a) Each
Share Seller, at the request of Buyer, shall use reasonable efforts to cause
each of the directors and officers (other than any Transferred Employees) of
each Sold Company to resign or be removed from all director and officer
positions with the Sold Companies effective at the Closing and shall request
that, to the extent permitted by Law, such resignation include a release by such
director or officer of any and all rights and claims (other than any claims that
are Assumed Liabilities) against such Sold Companies to the extent permitted by
law.

       

      (b) Each
Share Seller shall use its reasonable efforts to cause each Sold Company to
amend to the extent practicable, effective at the Closing, its memorandum,
articles of incorporation or association, bylaws or similar organizational
documents as reasonably requested by Buyer to the extent permitted by
Law.  Any filing fees or other costs and expenses in connection with
such amendments shall be borne by Buyer.

       

      SECTION
5.20. Further
Assurances.  (a)           Subject
to Section 5.4, each of the parties hereto shall use all commercially reasonable
efforts to take, or cause to be taken, all appropriate action, do or cause to be
done all things necessary, proper or advisable under applicable Law, and execute
and deliver such documents and other papers, as reasonably requested by the
other party and necessary to consummate the transactions contemplated by this
Agreement.  Without limiting the foregoing, subject to the provisions
of Section 5.4, after the Closing Date each of Buyer and Seller Parent at the
reasonable request of the other shall execute and deliver, or cause to be
executed and delivered, to or as directed by, and at the reasonable expense of,
the requesting party (i) such assignments, deeds, bills of sale and other
instruments of transfer as either party reasonably may request as necessary or
desirable in order to effect or further evidence the sale and assignment of the
Acquired Assets to Buyer or its Affiliates, and the retention of the Excluded
Assets by Seller Parent as specified in Section 2.1, and (ii) such assumption
agreements (including assumption agreements in relation to specific Acquired
Contracts (including such assumption agreements expressly for the benefit of the
counterparties thereto)) and other instruments of assumption as either party may
reasonably request as necessary or desirable in order to effect or further
evidence Buyer’s assumption of, and agreement to pay, perform and discharge when
due, the Assumed Liabilities, or to obtain

       

      
        
           

        

        
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      releases
of Seller Parent and its Affiliates from any liability or obligation with
respect to the Assumed Liabilities, in each case as specified in Section
2.2.

       

      (b) To
the extent that, from time to time after the Closing, Buyer or any of the
Sellers shall identify Acquired Assets that are in the possession of Seller
Parent or the other Sellers, or Excluded Assets that are in the possession of
Buyer, the Party in possession of those Acquired Assets or Excluded Assets shall
use commercially reasonable efforts to locate such Acquired Assets or Excluded
Assets, as the case may be, and, to the extent successful in locating such
items, take such action as is reasonably necessary to put the Party entitled to
such Assets in actual possession thereof (it being understood and agreed that
delivery thereof to the nearest facility of such Party shall in any event
suffice).

       

      (c) Each
of Seller Parent and Buyer shall retain and cause its Subsidiaries to retain all
Books and Records that relate to the Business and are in existence as of the
Closing Date that are held by such party following the Closing in accordance
with the existing document retention policy of such party as made available to
the other party and to make personnel available (without undue disruption of
employment or such party’s operations) to the extent that access is reasonably
related to the Business (as operated by Seller Parent or Buyer) and necessary
for the requesting party to comply with Applicable Law or is necessary or useful
in connection with any Tax inquiry, audit, investigation or dispute, any
litigation or investigation or any other matter requiring any such Books and
Records, information or employees for any reasonable business purpose. Each
party will use commercially reasonable efforts to inform the other party prior
to the destruction of any such Books and Records in accordance with its document
retention policies and will cooperate in taking steps reasonably requested by
the requesting party (at the requesting party’s expense) to preserve such Books
and Records.

       

      SECTION
5.21. Intercompany
Debt.  To
the extent that there are receivables or payables (other than intercompany trade
accounts payable and receivable created in the Ordinary Course of Business or
set forth on the Net Asset Value Statement) between the Sold Companies, on the
one hand, and Seller Parent or the Sellers or any of their Affiliates, on the
other hand, all such payables shall be paid and satisfied by the party that is
the obligor on or prior to the Closing Date.

       

      SECTION
5.22. Expenses;
Transfer Taxes.  (a)
Whether or not the Closing takes place, and except as otherwise specified in
this Agreement, all costs and expenses incurred in connection with this
Agreement, the Ancillary Agreements and the Closing Agreements and the
transactions contemplated hereby and thereby shall be paid by the party
incurring such expense.

       

      (b) All
Transfer Taxes applicable to the conveyance and transfer from Seller Parent or
the other Sellers to Buyer of the Sold Shares, Sold Companies, the Business or
the Acquired Assets and any other transfer or documentary Taxes in connection
therewith shall be borne equally by Seller Parent and Buyer.  Each
party shall use reasonable efforts to avail itself of any available exemptions
from any such Taxes or fees, and to cooperate with the other parties in
providing any information and documentation that may be necessary to obtain such
exemptions.

       

      
        
           

        

        
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      (c) The
costs of recording documents conveying title from Seller Parent or another
Seller to Buyer (including deeds and assignments, as well as any surveys and
policies of title insurance that may be required or desired) covering any or all
of the Real Property shall be borne by Buyer.

       

      SECTION
5.23. Pre-Closing
Environmental Matters.

       

      (a)
During the Pre-Closing Period, Seller Parent or other Sellers shall conduct
environmental assessments pursuant to ASTM 1527e to the extent applicable
(“Phase I
Audits”) at 11 facilities operated by the Business located
in:  Denison, Texas; Beckley, West Virginia; Gillette, Wyoming;
Halifax, United Kingdom; Dortmund, Germany; Acuña, Mexico; Perth, Australia;
Mackay, Australia; Rutherford, Australia; Leduc, Canada; and Sudbury,
Canada.  Seller Parent shall provide Buyer with copies of such Phase I
Audit reports subject to any limitations required to preserve applicable legal
privileges.

       

      (b) Prior
to the Closing, the Sellers and Buyer shall cooperate in effectuating at Closing
the transfer of all permits, licenses and authorizations required pursuant to
any Environmental Law in connection with the Business.

       

      SECTION
5.24. Delivery of
Accounts Receivable.  Buyer
and its Affiliates shall have the right and authority, from and after the
Closing, to collect for their own account all Accounts Receivable of the
Business included in the Acquired Assets (the “Closing Receivables”)
and to endorse with the name of any Seller any checks or drafts received with
respect to any Closing Receivables.  The Sellers shall (i) deliver to
Buyer such documentation of, and information relating to, the Closing
Receivables as Buyer shall reasonably request and (ii) promptly deliver to Buyer
any cash or other property received by them in respect of any Closing
Receivables.  From and after the Closing Date, Buyer and its
Affiliates promptly shall deliver or cause to be delivered to Seller Parent any
proceeds of Accounts Receivable received directly or indirectly by Buyer, its
Affiliates or the Sold Companies with respect to any Excluded Assets or
businesses or assets of Seller Parent and its Affiliates other than the Acquired
Assets or the Business.

       

      SECTION
5.25. Insurance
Proceeds.  Seller
Parent shall, and shall cause its Affiliates to pay any proceeds received by it
or any of its Affiliates to Buyer promptly upon the receipt thereof, of any
third party insurance policies to the extent related to any Assumed
Liabilities.  Seller Parent will, at the reasonable request of Buyer,
(i) use commercially reasonable efforts to identify to Buyer or assist Buyer in
identifying insurance policies that may be related to any Assumed Liabilities
and (ii) reasonably cooperate with Buyer, at no cost to Seller Parent or its
Affiliates and without any disruption to Seller Parents or its Affiliates, to
assist Buyer in making claims under such third party insurance policies,
including by providing access to relevant books and records under the control of
Seller Parent and any of its Affiliates.

       

      SECTION
5.26. Post-Closing
Cooperation.  (a)  Buyer,
on the one hand, and Seller Parent, on the other, shall cooperate with each
other, and shall cause their Affiliates, officers, employees, agents, auditors
and representatives to cooperate with each other after the Closing to ensure the
orderly transition of the Business from Seller Parent and the other Sellers to
Buyer and to minimize any disruption to the Business and the other respective
businesses of

       

      
        
           

        

        
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      Seller
Parent and the other Sellers and Buyer that might result from the transactions
contemplated hereby.  After the Closing, upon reasonable notice, Buyer
and Seller Parent shall furnish or cause to be furnished to each other and their
employees, counsel, auditors, other representatives and advisors reasonable
access (including the ability to make copies), during normal business hours, to
such employees, advisors, representatives, Books and Records relating to the
Business within the control of such party or any of its Affiliates as is
reasonably necessary for (i) financial reporting, Tax and accounting matters and
(ii) defense or prosecution of litigation and disputes.

       

      (b)
Except as otherwise provided pursuant to Section 5.6 hereunder with respect to
Tax matters and Tax records, Buyer and Seller Parent shall, and shall cause each
Seller, to retain all Books and Records and other documents pertaining to the
Business in existence on the Closing Date for a period of five years following
the Closing.  No such Books and Records or other documents shall be
destroyed or disposed of by any retaining party during such five year period
without first advising the other party in writing and giving such party a
reasonable opportunity to obtain possession thereof for the purposes permitted
by this Section 5.26.

       

      (c) Each
Seller shall authorize and empower Buyer on and after the Closing Date to
receive and to open all mail received by Buyer, whether addressed to Buyer or a
Seller, to determine whether the contents relate to the Business conducted by an
Asset Seller or a Sold Company and to deal with the contents of such
communications in a proper manner.  Each Seller shall promptly deliver
to Buyer any mail or other communication received by such Seller on or after the
Closing Date pertaining to the Business.  Buyer shall promptly deliver
to Seller Parent any mail or other communication received by Buyer after the
Closing Date pertaining to the Excluded Assets or the Excluded
Liabilities.

       

      (d) Each
party shall reimburse the other for reasonable out-of-pocket costs and expenses
incurred in assisting the other pursuant to this Section
5.26.  Neither party shall be required by this Section 5.26 to take
any action that would unreasonably interfere with the conduct of its business or
unreasonably disrupt its normal operations.  Any information relating
to the Business received by the Sellers pursuant to this Section 5.26 shall be
subject to the Confidentiality Agreement.

       

      (e)
Seller Parent shall cooperate with Buyer to enable customer inquiries related to
the Business to be directed to Buyer, including by developing redirects and a
jump-page on its website domains related to the Business (including those
website domains listed on Schedule 5.26)
directing traffic to relevant pages on Buyer’s website.

       

      SECTION
5.27. Non-Solicitation/Non-Competition.

       

      (a)
Seller Parent agrees that for the period commencing on the Closing Date and
expiring on the second (2nd)
anniversary of the Closing Date neither it nor any of its Affiliates will
directly or indirectly (i) induce or encourage any employees of the Business to
reject Buyer’s offer of employment or to accept any other position or
employment, (ii) solicit for employment or any similar arrangement any
Transferred Employee, or (iii) hire or assist any other Person in hiring any
Transferred Employee; provided, however, that this
Section 5.27(a) shall not apply to (x) general solicitations by Seller Parent or
any of its Affiliates;

       

      
        
           

        

        
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      (y) solicitations
undertaken by a third party on behalf of Seller Parent or any of its Affiliates
without Seller Parent requesting the recruiting of such Person and (z) any
Person whose employment is terminated following the Closing (without prior
solicitation in violation of this Section 5.27(a)).

       

      (b)
Seller Parent agrees that, for the period commencing on the Closing Date and
expiring on the Non-compete Expiration Date, neither it nor any of its
Affiliates shall compete, either directly or indirectly, alone or with others,
as stockholders or otherwise, with the Business; provided that nothing
in this Section 5.27(b) shall restrict Seller Parent from (i) owning up to
5% of the outstanding voting stock of any Person competing with the Business
provided that such ownership interest shall be passive and no officer or
employee of Seller Parent or any of its Subsidiaries shall be engaged in the
management or serve as a director, officer or employee of such Person, (ii)
hereafter acquiring and continuing to own a Person that owns, operates or
otherwise competes with the Business if such operations account for no more than
25% of such acquired Person’s consolidated revenues at the time of such
acquisition and (iii) hereafter be acquired or merge or otherwise be
consolidated into by a Person that competes with the Business; provided
that neither such acquired Person nor Seller Parent or any of its Subsidiaries
shall use a Terex brand in connection with the operations of such acquired or
acquiring Person or provide replacement parts on after sales services with
respect to products of the Business.  “Non-compete Expiration
Date” shall mean the fifth (5th)
anniversary of the Closing Date; provided that neither Seller Parent nor any of
its Subsidiaries shall (a) use a Terex brand, trademark or tradename in
connection with any business that competes with the Business prior to the tenth
(10th) anniversary of the Closing Date or (b) provide replacement parts or after
sales services targeted at products manufactured by the Business as of the
Closing Date prior to the tenth (10th) anniversary of the Closing
Date.

       

      (c) The
parties hereto agree that the covenants set forth in this Section 5.27 are
reasonable with respect to their duration, geographical area, and
scope.  If the final judgment of a court of competent jurisdiction
declares that any term or provision of this Section 5.27 is invalid or
unenforceable, the parties agree that the court making the determination of
invalidity or unenforceability shall have the power to reduce the scope,
duration, or area of the term or provision, to delete specific words or phrases,
or to replace any invalid or unenforceable term or provision with a term or
provision that is valid and enforceable and that comes closest to expressing the
intention of the invalid or unenforceable term or provision, and this Agreement
shall be enforceable as so modified.  The parties acknowledge that the
consideration to be delivered at the Closing is sufficient consideration for the
enforcement of this Section 5.27.

       

      SECTION
5.28. Non-Disparagement.  (a)           For
a period of five (5) years following the Closing Date, neither Seller Parent nor
any of its Affiliates (now existing or hereafter incorporated, formed or
otherwise organized) shall, except as required by applicable Law, make or
publish written or oral statements or remarks that are intended to or would
reasonably be expected to damage the reputation or goodwill of Buyer, its
Affiliates, the Business, the Sold Companies or the Products; provided that
Seller Parent may make any statement or remark (i) to the extent necessary to
enforce any right under this Agreement pursuant to a Proceeding (or to defend
against any such Proceeding) or (ii) with respect to general economic, market or
industry conditions.

       

      
        
           

        

        
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      (b) For a
period of five (5) years following the Closing Date, neither Buyer nor any of
its Affiliates (now existing or hereafter incorporated, formed or otherwise
organized) shall, except as required by applicable Law, make or publish written
or oral statements or remarks that are intended to or would reasonably be
expected to damage the reputation or goodwill of Seller Parent, its Affiliates,
their business or their products (in each case other than the Business);
provided that Buyer may make any statement or remark (i) to the extent necessary
to enforce any right under this Agreement pursuant to a Proceeding (or to defend
against any such Proceeding) or (ii) relating to general economic, market or
industry conditions.

       

      SECTION
5.29. Confidentiality.  For
a period of two (2) years following the Closing Date, Seller Parent shall use
commercially reasonable efforts to enforce, at Buyer’s expense, the terms of any
confidentiality or non-disclosure agreement which are not part of the Acquired
Assets to reasonably ensure, that neither it nor any third party use (A) any
confidential or proprietary information regarding the Business or any
of  the Acquired Assets, or (B) trade secrets primarily regarding the
Business, in each case only to the extent permitted by Law and the applicable
non-disclosure or confidentiality agreement.  Buyer will reimburse
Seller Parent for its reasonable out-of-pocket expenses associated with
enforcing such agreements.  For a period of two (2) years following
the Closing Date, Seller Parent shall, and shall cause each of its Affiliates to
hold all non-public information of the Business in strict confidence and may use
or disclose any such non-public information solely to the extent permitted were
Seller Parent the “Recipient” under the Confidentiality Agreement.

       

      SECTION
5.30. Bulk Transfer
Laws.  Buyer
acknowledges that Seller Parent and the other Sellers have not taken, and do not
intend to take, any action required to comply with any applicable bulk sale or
bulk transfer laws or similar Laws.

       

      ARTICLE
VI

      

      CONDITIONS
TO SELLER PARENT’S OBLIGATIONS

       

      The
obligation of Seller Parent to effect the Closing under this Agreement is
subject to the satisfaction, at or prior to the Closing, of each of the
following conditions, unless validly waived in writing by Seller
Parent.

       

      SECTION
6.1. Representations
and Warranties.  Buyer’s
representations and warranties made in this Agreement shall be true and correct
in all respects as of the date hereof and as of the Closing Date as though made
as of such date, except to the extent such representations and warranties
expressly relate to a specified date (in which case such representations and
warranties shall be true and correct on and as of such specified date), and
except for such breaches of representations and warranties that, in the
aggregate, would not reasonably be expected to prevent or materially delay the
ability of Buyer to consummate the transactions contemplated by this
Agreement.

       

      SECTION
6.2. Performance.  Buyer
shall have performed and complied in all material respects with all agreements,
covenants and obligations required by this Agreement to be so performed or
complied with by it prior to the Closing.

       

      
        
           

        

        
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      SECTION
6.3. Officer’s
Certificate.  Buyer shall have
delivered to Seller Parent a certificate, dated as of the Closing Date and
executed by an officer of Buyer, certifying to the fulfillment of the conditions
specified in Section 6.1 and Section 6.2 hereof.

       

      SECTION
6.4. Consents and
Approvals.  All
applicable waiting periods under the HSR Act with respect to the transactions
contemplated hereby shall have expired or been terminated, and all Consents
required under Other Competition Laws of the jurisdictions set forth on Schedule 6.4 shall
have been obtained or any applicable waiting period thereunder shall have
expired or been terminated.  All filings with Governmental Authorities
or any third parties listed on Schedule 6.4 shall
have been made and any necessary authorizations, consents or approvals required
from such authorities shall have been obtained and shall be in full force and
effect, except as contemplated by Section 2.10.

       

      SECTION
6.5. Injunction.  There
shall not be in effect any Law or Order enacted, entered, promulgated or
enforced by any Governmental Authority of the jurisdictions listed on Schedule 6.5
directing that the transactions provided for herein not be consummated as
provided herein or which has the effect of rendering it impossible or illegal to
consummate such transactions.

       

      SECTION
6.6. No
Proceedings.  There
shall not be pending or threatened by any Governmental Authority any suit,
action or proceeding challenging or seeking to prohibit or materially limit the
transactions contemplated by this Agreement or seeking to obtain any material
damages or material commitments or seeking to prohibit or limit the ownership or
control by Buyer of the Business.

       

      SECTION
6.7. Closing
Agreements.  Each
Closing Agreement and all other documents required to have been executed and
delivered to Seller Parent prior to Closing shall have been executed and
delivered by all parties thereto (other than Seller Parent or any other Seller)
in the form contemplated by this Agreement and shall be in full force and
effect.

       

      ARTICLE
VII

       

      CONDITIONS
TO BUYER’S OBLIGATIONS

       

      The
obligation of Buyer to effect the Closing under this Agreement is subject to the
satisfaction, at or prior to the Closing, of each of the following conditions,
unless waived in writing by Buyer.

       

      SECTION
7.1. Representations
and Warranties.  Seller
Parent’s representations and warranties made in this Agreement shall be true and
correct in all respects as of the date hereof and as of the Closing Date as
though made as of such date, except to the extent such representations and
warranties expressly relate to a specified date (in which case such
representations and warranties shall be true and correct on and as of such
specified date), and except for such breaches of representations and warranties
that, in the aggregate, would not reasonably be expected to have a Company
Material Adverse Effect.

       

      SECTION
7.2. Performance.  The
Sellers shall have performed and complied in all material respects with all
agreements, covenants and obligations required by this Agreement to be performed
or complied with by them prior to the Closing.

       

      
        
           

        

        
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      SECTION
7.3. Officer’s
Certificate.  Seller Parent shall have
delivered to Buyer a certificate, dated as of the Closing Date and executed by
an officer of Seller Parent, certifying to the fulfillment of the conditions
specified in Section 7.1 and Section 7.2 hereof.

       

      SECTION
7.4. Final Financial
Statements.  Buyer
shall have received (i) the Final Financial Statements of the Business as
contemplated by Section 5.2 and (ii) if the Closing has not occurred by March 1,
2010, the Updated Financial Statements.

       

      SECTION
7.5. Consents and
Approvals.  All
applicable waiting periods under the HSR Act with respect to the transactions
contemplated hereby shall have expired or been terminated, and all Consents
required under Other Competition Laws of the jurisdictions set forth on Schedule 7.5(a) shall
have been obtained or any applicable waiting period thereunder shall have
expired or been terminated. All filings with Governmental Authorities or any
third parties listed on Schedule 7.5(b) shall
have been made and any necessary authorizations, consents or approvals required
from such authorities shall have been obtained and shall be in full force and
effect, except as contemplated by Section 2.10.  Seller Parent shall
have delivered to Buyer the contractual Consents and Permits described in Schedule
7.5(c).

       

      SECTION
7.6. Injunctions.  There
shall not be in effect any Law or Order enacted, entered, promulgated or
enforced by any Governmental Authority of the jurisdictions listed on Schedule 6.5
directing that the transactions provided for herein not be consummated as
provided herein or which has the effect of rendering it impossible or illegal to
consummate such transactions.

       

      SECTION
7.7. No
Proceedings.  There
shall not be pending or threatened by any Governmental Authority any suit,
action or proceeding challenging or seeking to prohibit or materially limit the
transactions contemplated by this Agreement or seeking to obtain any material
damages or material commitments or seeking to prohibit or limit the ownership or
control by Buyer of the Business.

       

      SECTION
7.8. Collateral.  Seller
Parent shall have obtained and delivered to Buyer the written release of, or
evidence of payment with respect to, any security interests in the Acquired
Assets and the debt or equity securities of any Sold Company (or any Subsidiary
thereof) in form and substance reasonably acceptable to Buyer.

       

      SECTION
7.9. Closing
Agreements.  Each
Closing Agreement and Ancillary Agreement and all other documents required to
have been executed and delivered to Buyer prior to Closing shall have been
executed and delivered by all parties thereto (other than Buyer or its
Affiliates) in the form contemplated by this Agreement and shall be in full
force and effect.

       

      ARTICLE
VIII

       

      TERMINATION

       

      SECTION
8.1. Termination.  (a)
Notwithstanding anything to the contrary in this Agreement, this Agreement may
be terminated and the transactions contemplated by this Agreement abandoned at
any time prior to the Closing:

       

      
        
           

        

        
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      (i)           by
mutual written consent of Seller Parent and Buyer;

       

      (ii)        by
the Sellers or Buyer, if the Closing does not occur on or prior to May 30,
2010; provided that a party may not terminate pursuant to this clause if the
failure of such consummation shall be due to the failure of the party wishing to
terminate to comply in all material respects with the agreements and covenants
contained herein; and

       

      (iii)        by
Seller Parent or Buyer, if consummation of the transactions contemplated by this
Agreement, the Ancillary Agreements or any Closing Agreement would violate any
nonappealable Order, or any Governmental Authority shall have adopted any
applicable Law permanently restraining, enjoining or otherwise prohibiting the
transactions contemplated hereby or thereby.

       

      (b) In
the event of termination by Seller Parent or Buyer pursuant to this Section 8.1,
written notice thereof shall forthwith be given to the other and the
transactions contemplated by this Agreement, the Ancillary Agreements and the
Closing Agreements shall be terminated, without further action by any
party.  If the transactions contemplated by this Agreement, the
Ancillary Agreements and the Closing Agreements are terminated as provided
herein, Seller Parent and Buyer shall return all documents and other material
received from the other party or any of their Affiliates relating to the
transactions contemplated hereby, whether so obtained before or after the
execution hereof, to such other party.

       

      SECTION
8.2. Effect of
Termination.  If
this Agreement is terminated and the transactions contemplated hereby are
abandoned as described in Section 8.1, this Agreement shall become null and void
and of no further force and effect, except for the provisions of
(i) Section 5.2 relating to the obligation of Buyer and Seller Parent to
keep confidential certain information and data obtained by it from the other
party, (ii) Section 5.2(b), Section 5.2(c) and  5.22, in each case as
they relate to certain expenses, (iii) Section 8.1 and this Section 8.2, (iv)
the indemnification obligations of Buyer set forth on Schedule 2 hereto,
and (v) Section 10.10 relating to publicity, which shall survive such
termination.  Nothing in this Section 8.2 shall be deemed to release
any party from any liability for any breach by such party of the terms and
provisions of this Agreement; provided that no party hereto shall be entitled to
recover any special, consequential or exemplary damages in respect of any breach
by the other party.

       

      ARTICLE
IX

       

      INDEMNIFICATION

       

      SECTION
9.1. Indemnification by Seller
Parent.

       

      (a)
Subject to the limits set forth in this Article IX, from and after the Closing,
Seller Parent shall indemnify, defend and hold harmless Buyer and each of its
Affiliates (including, after the Closing, the Sold Companies) and their
respective officers, directors, stockholders, members, partners, employees,
counsel, agents and representatives (the “Buyer Indemnified
Persons”) from, against and in respect of any and all actions, suits,
proceedings, claims, liabilities, losses, charges, damages, costs and reasonable
expenses (including reasonable fees and expenses of counsel) (collectively,
“Losses”), that
they incur arising out of or due to

       

      
        
           

        

        
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      (i) any
breach of any representation or warranty of the Sellers contained in this
Agreement (other than the Tax representations and warranties contained in
Section 3.12 which shall be governed by Section 5.7), treating such
representation or warranty as though made on and as of the date hereof and the
Closing Date, except to the extent such representation or warranty relates to a
specified date (in which case such representation and warranty shall be true and
correct only on and as of such specified date), any Ancillary Agreements, any
Closing Agreement or any document delivered pursuant to this Agreement for the
period such representation or warranty survives, it being understood that for
purposes of this Section 9.1(a) any qualifications relating to materiality,
including the term “Company Material Adverse Effect”, or relating to knowledge
contained in such representation and warranty, shall be disregarded for purposes
of determining the amount of any Loss incurred as a result of any breach of a
representation or warranty, (ii) any failure of the Sellers to perform any
covenant or other agreement of the Sellers contained in this Agreement, and
(iii) any Excluded Asset or Excluded Liability.

       

      (b)
Notwithstanding anything to the contrary contained herein, in respect of Section
9.1(a)(i) and Section 9.1(a)(ii) (solely with respect to any covenants or
agreements required to be performed prior to the Closing), the following
thresholds and limits shall apply:

       

      (i)        none
of the Buyer Indemnified Persons shall be entitled to recover from the Sellers
any such individual Loss that is $500,000 or less,

       

      (ii)        none
of the Buyer Indemnified Persons shall be entitled to recover from the Sellers
any such Losses unless and until the total of all such Losses which individually
exceed $500,000 collectively exceeds $13,000,000, and then only for the amount
by which such Losses collectively exceed $13,000,000, provided, however, if
Buyer incurs an individual Loss in excess of $500,000 arising from Seller Parent
or its Affiliates entering into a Material Contract in violation of Section 5.1,
then Buyer may recover for the full amount of such Loss, and

       

      (iii)        the
Buyer Indemnified Persons shall not be entitled to recover more, in the
aggregate, than $165,000,000 from the Sellers with respect to all such
Losses.

       

      SECTION
9.2. Indemnification
by Buyer.

       

      (a)
Subject to the limits set forth in this Article IX, from and after the Closing,
Buyer shall indemnify, defend and hold harmless the Sellers, each of their
Affiliates and their respective officers, directors, stockholders, employees,
counsel, agents and representatives (the “Seller Parent Indemnified
Persons”) against and in respect of any and all Losses, that they incur
arising out of or due to (i) any breach of any representation or warranty of
Buyer contained in this Agreement, the Ancillary Agreements or the Closing
Agreements treating such representation or warranty as though made on and as of
the date hereof and the Closing Date, except to the extent such representation
or warranty relates to a specified date (in which case such representation and
warranty shall be true and correct only on and as of such specified date), (ii)
any failure of Buyer to perform any covenant or other agreement of Buyer
contained in this Agreement, the Ancillary Agreements or the Closing Agreements
and (iii) any Acquired Asset or Assumed Liability.

       

      
        
           

        

        
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      (b)
Notwithstanding anything to the contrary contained herein, in respect of Section
9.2(a)(i) and Section 9.2(a)(ii) (solely with respect to any covenants or
agreements required to be performed prior to the Closing), the following
thresholds and limits shall apply:

       

      (i)        none
of the Seller Indemnified Persons shall be entitled to recover from the Sellers
any such individual Loss that is $500,000 or less,

       

      (ii)        none
of the Seller Indemnified Persons shall be entitled to recover from the Sellers
any such Losses unless and until the total of all such Losses which individually
exceed $500,000 collectively exceeds $13,000,000, and then only for the amounts
by which such Losses collectively exceed $13,000,000, and

       

      (iii)        the
Seller Indemnified Persons shall not be entitled to recover more, in the
aggregate, than $165,000,000 from Buyer with respect to all such
Losses.

       

      SECTION
9.3. Indemnification
as Exclusive Remedy.  Except
as otherwise expressly provided in Article V, the indemnification provided in
this Article IX, subject to the limitations set forth herein, shall be the
exclusive post-Closing remedy available to any party in connection with any
Losses arising out of or resulting from a breach of any representation and
warranty or of any pre-Closing covenant under this Agreement or the transactions
contemplated hereby.

       

      SECTION
9.4. Indemnification
Calculations.

       

      (a) The
amount of any Losses for which indemnification is provided under this Agreement
shall be computed net of any insurance proceeds or proceeds pursuant to any
claim, recovery, settlement or payment by and against any other Person received
by the indemnified party in connection with such Losses.  If an
indemnified party receives insurance proceeds or other proceeds in connection
with Losses for which it has received indemnification, such party shall refund
to the indemnifying party the amount of such insurance proceeds or other
proceeds when received, up to the amount of indemnification received, net of any
actual out-of-pocket costs or expenses in securing or obtaining such
proceeds.  An indemnified party shall use its commercially reasonable
efforts to pursue insurance claims with respect to any Losses.

       

      (b)
Indemnifiable Losses shall in no event include any special, indirect,
incidental, punitive or consequential damages whatsoever.

       

      (c)
Seller Parent and Buyer agree to use commercially reasonable efforts to mitigate
any Loss that forms the basis of a claim hereunder.

       

      SECTION
9.5. Survival.  The
representations and warranties of the parties contained in this Agreement or in
any instrument delivered pursuant hereto will survive the Closing and will
remain in full force and effect until 5:00 p.m. (New York City time) on the date
18 months after the Closing Date, except that the representations and
warranties contained in (i) Section 3.1 (Organization), Section 3.2(a)
(Authorization),  Section 4.1 (Organization) and Section 4.2(a)
(Authorization) shall survive indefinitely, (ii) Section 3.17 (Environmental
Matters) shall survive for a period of three (3) years after the Closing Date
and (iii) Section 3.12 (Tax Matters) shall survive until 30 days following
the expiration of the applicable statute of

       

      
        
           

        

        
          80

          
            

          

        

        
           

        

      

      limitations;
provided, that such representations and warranties shall survive beyond such
period with respect to any breach thereof if written notice thereof shall have
been duly given within such period in accordance with Section 9.6
hereof.

       

      SECTION
9.6. Notice and
Opportunity to Defend.  (a)  If
there occurs an event which a party asserts is an indemnifiable event pursuant
to Section 9.1 or Section 9.2, the party or parties seeking indemnification (the
“Indemnified
Party”) shall notify the other party or parties obligated to provide
indemnification (the “Indemnifying Party”)
promptly, provided, however, that the failure to provide such written notice
shall not excuse the Indemnifying Party from any of its obligations under this
Article IX except to the extent that the Indemnifying Party is prejudiced
thereby.

       

      (b) If
any third party notifies any party hereto with respect to any matter which may
give rise to a claim for indemnification under this Agreement against the other
party hereto, then the Indemnified Party will notify the Indemnifying Party
thereof in writing promptly, but in no event later than 30 days following the
Indemnified Party’s receipt of such notice, stating the nature and basis of any
claim made by the third party; provided, that no delay on the part of the
Indemnified Party in notifying the Indemnifying Party will relieve the
Indemnifying Party from any obligation hereunder except to the extent that the
Indemnifying Party is prejudiced thereby.  Within 30 days after
receiving such notice, the Indemnifying Party shall give written notice to the
Indemnified Party stating whether it disputes the claim for indemnification and
whether it will defend against any third party claim or liability at its own
cost and expense.  In the event that the Indemnifying Party notifies
the Indemnified Party that it desires to defend the Indemnified Party against
such third party claim or liability, the Indemnifying Party shall only be
entitled to direct the defense against a third party claim or liability with
counsel selected by it (subject to the consent of the Indemnified Party, which
consent shall not be unreasonably withheld) as long as the Indemnifying Party is
conducting a good faith and diligent defense (it being agreed that counsel for
an Indemnifying Party’s insurer shall be deemed consented to by the Indemnified
Party).  The Indemnifying Party shall not (x) consent to the entry of
a judgment with respect to any matter or (y) enter into any settlement which, in
either case, does not include a provision whereby the plaintiff or claimant in
the matter releases the Indemnified Party from all liability with respect
thereto.  The Indemnified Party shall at all times have the right to
fully participate in the defense of a third party claim or liability at its own
expense directly or through counsel; provided, however, that if (i) the named
parties to an action or proceeding include both the Indemnifying Party and the
Indemnified Party and (ii) the Indemnified Party is advised in writing by its
outside counsel that representation of both parties by the same counsel would be
inappropriate under applicable standards of professional conduct, then, in such
event, the Indemnified Party may engage separate counsel (subject to the consent
of the Indemnifying Party, which consent shall not be unreasonably withheld) for
such action or proceeding at the reasonable expense of the Indemnifying
Party.  If an Indemnifying Party (i) elects not to defend against a
third party claim, (ii) fails to timely notify the Indemnified Party that the
Indemnifying  Party will defend against a third party claim or (iii)
fails to commence, or if commenced, fails to prosecute, a diligent defense of a
third party claim, then in either of such event, the Indemnified Party shall
have the right, at the reasonable expense of the Indemnifying Party, to
undertake the defense of such claim (with counsel selected by the Indemnified
Party and reasonably acceptable to the Indemnifying Party), and to compromise or
settle such claim, with the prior written consent of the Indemnifying Party,
which consent shall not be unreasonably withheld.  If a
third

       

      
        
           

        

        
          81

          
            

          

        

        
           

        

      

      party
claim or liability is one that by its nature cannot be defended solely by the
Indemnifying Party, then the Indemnified Party shall make available such
information and assistance as the Indemnifying Party may reasonably request and
shall cooperate with the Indemnifying Party in such defense, at the expense of
the Indemnifying Party.

       

      SECTION
9.7. Payments.  The
Indemnifying Party shall pay all amounts payable pursuant to this Article IX, by
wire transfer of immediately available funds, promptly following receipt from an
Indemnified Party of a bill, together with all accompanying reasonably detailed
back-up documentation reasonably acceptable to the Indemnifying Party, for a
Loss that is the subject of indemnification hereunder, unless the Indemnifying
Party in good faith disputes the Loss, in which event it shall so notify the
Indemnified Party.  In any event, the Indemnifying Party shall pay to
the Indemnified Party, by wire transfer of immediately available funds, the
amount of any Loss for which it is liable hereunder no later than three (3)
Business Days following any final determination of such Loss and the
Indemnifying Party’s liability therefor.  A “final determination”
shall exist when (i) the parties to the dispute have reached an agreement in
writing, (ii) a court of competent jurisdiction shall have entered a final and
nonappealable order or judgment, or (iii) an arbitration or like panel shall
have rendered a final nonappealable determination with respect to disputes the
parties have agreed to submit thereto.

       

      SECTION
9.8. Tax
Indemnity.  Other
than as specifically set forth in Section 9.9, indemnification with respect to
Taxes shall be governed by Section 5.6, Section 5.7, Section 5.8 and Section
5.9.  Seller Parent and Buyer agree to treat any indemnity payment
made pursuant to Article V or Article IX hereof as an adjustment to the Purchase
Price for federal, state, local and foreign income Tax purposes.

       

      SECTION
9.9. Other Limitations
on Indemnification.  Notwithstanding
anything to the contrary contained in this Agreement, no Buyer Indemnified
Person shall be entitled to indemnification under Article V or IX for any Losses
to the extent that such Losses are reflected as a liability of the Business on
the Final Statement of Net Asset Value.

       

      ARTICLE
X

       

      MISCELLANEOUS

       

      SECTION
10.1. Governing
Law.  This
Agreement shall be construed under and governed by the Laws of the State of New
York.

       

      SECTION
10.2. Projections.  In
connection with Buyer’s investigation of the Sold Companies and the Business,
Buyer may have received, or may receive, from Seller Parent and/or their
respective representatives certain projections and other forecasts for the
Business, and certain business plan and budget information.  Buyer
acknowledges that (i) there are uncertainties inherent in attempting to make
such projections, forecasts, plans and budgets, (ii) Buyer is familiar with such
uncertainties, (iii) Buyer is taking full responsibility for making its own
evaluation of the adequacy and accuracy of all estimates, projections,
forecasts, plans and budgets so furnished to it, and (iv)  Buyer will not
assert any claim against Seller Parent or any of their respective directors,
officers, employees, Affiliates or representatives, or hold Seller Parent or any
such Persons liable, with respect to such projections, forecasts, business plans
and

       

      
        
           

        

        
          82

          
            

          

        

        
           

        

      

      budget
information.  Accordingly, Buyer acknowledges that Seller Parent makes
no representation or warranty with respect to such projections, forecasts,
business plans or budget information and that Seller Parent makes only those
representations and warranties explicitly set forth in Article III.

       

      SECTION
10.3. Materiality;
Schedules.  (a)  As
used in this Agreement, unless the terms otherwise provide or the context
otherwise requires, the terms “material” and the concept of the “material”
nature of an effect upon the Sold Companies or the Business shall be measured
relative to the entire Business, taken as a whole, as such business is currently
being conducted.

       

      (b) There
have been included in the Schedules and may be included elsewhere in this
Agreement items which are not “material” within the meaning of the immediately
preceding sentence for informational purposes and in order to avoid any
misunderstanding, and such inclusion shall not be deemed to be an agreement by
the Sellers that such items are “material” or to further define the meaning of
such term for purposes of this Agreement.  With respect to the
Schedules hereto, the disclosures made on any Schedule with respect to any
representation or warranty shall be deemed to be made with respect to any other
representation or warranty to which it relates.

       

      SECTION
10.4. Amendment.  This
Agreement may not be amended, modified or supplemented except upon the execution
and delivery of a written agreement executed by the parties hereto.

       

      SECTION
10.5. Waiver.  Any
of the terms or conditions of this Agreement, which may be lawfully waived, may
be waived in writing at any time by each party which is entitled to the benefits
thereof.  Any waiver of any of the provisions of this Agreement by any
party hereto shall be binding only if set forth in an instrument in writing
signed on behalf of such party.  No failure to enforce any provision
of this Agreement shall be deemed to or shall constitute a waiver of such
provision and no waiver of any of the provisions of this Agreement shall be
deemed to or shall constitute a waiver of any other provision hereof (whether or
not similar) nor shall such waiver constitute a continuing waiver.

       

      SECTION
10.6. Assignment.  This
Agreement and the rights and obligations hereunder shall not be assignable or
transferable by any Buyer or any Seller (including by operation of law in
connection with a merger or consolidation of any Buyer or any Seller) without
the prior written consent of the other parties
hereto.  Notwithstanding the foregoing, prior to Closing, Buyer may
assign its right to purchase the Acquired Assets, the Sold Shares or any of its
other rights or any portion thereof hereunder to one or more Affiliates of such
Buyer without the prior written consent of Seller Parent provided that such
assignment (i) shall not relieve Buyer of its obligations hereunder, (ii) will
not render a representation of Buyer hereunder untrue, and (iii) does not
adversely impact or delay the obtaining of any material Consent required by this
Agreement to be obtained, or otherwise hinder or delay the completion of the
transactions contemplated by this Agreement.  Seller Parent hereby
consents to the collateral assignment of any claims of any Buyer under this
Agreement to any banks or other lenders under such Buyer’s senior secured credit
agreements.  Notwithstanding the foregoing, Seller Parent may, or may
cause its Affiliates, to transfer assets, create holding companies
or

       

      
        
           

        

        
          83

          
            

          

        

        
           

        

      

      otherwise
restructure the Business to facilitate the sale to Buyer, so long as such
restructuring does not adversely affect Buyer.

       

      SECTION
10.7. Notices.  Any
notice, demand, or communication required or permitted to be given by any
provision of this Agreement shall be deemed to have been sufficiently given or
served for all purposes if (a) personally delivered, (b) sent by an
internationally recognized overnight courier service to the recipient at the
address below indicated or (c) delivered by facsimile with email or telephonic
confirmation of receipt:

       

      
        	
                 
      

              	
                If
      to Buyer:

              

      

       

      Bucyrus
International, Inc.

      P.O. Box
500

      1100
Milwaukee Avenue

      South
Milwaukee, Wisconsin 53172

      Attn:  General
Counsel

      (414)
768-5060 (facsimile)

      (414)
768-4000 (telephone)

       

      
        	
                 
      

              	
                With
      a copy to (which copy shall not constitute
  notice):

              

      

       

      Sullivan
& Cromwell LLP

      1870
Embarcadero Road

      Palo
Alto, California 94303

      Attn:  Scott
D. Miller

      (650)
461-5777 (facsimile)

      (650)
461-5620 (telephone)

       

      
        	
                 
      

              	
                If
      to Seller Parent:

              

      

       

      Terex
Corporation

       

      200 Nyala
Farm Road

       

      Westport,
CT 06880

       

      Attn:
Eric I Cohen, Senior Vice President

       

      Secretary
and General Counsel

       

      (203)
227-6372 (facsimile)

       

      (203)
222-5950 (telephone)

       

      
        	
                 
      

              	
                With
      a copy to (which copy shall not constitute
  notice):

              

      

       

      Bryan
Cave LLP

      1290
Avenue of the Americas

      New York,
New York 10104

      Attn:  Stuart
A. Gordon, Esq.

                David
E. Fisher, Esq.

      (212)
541-4630 (facsimile)

      (212)
541-2000 (telephone)

       

      or to
such other address as any party hereto may, from time to time, designate in a
written notice given in like manner.  Except as otherwise provided
herein, any notice under this Agreement will be deemed to have been given (x) on
the date such notice is personally delivered or delivered by facsimile or (y)
the second succeeding Business Day after the date such notice is delivered to
the overnight courier service if sent by overnight courier; provided that in each
case notices received after 4:00 p.m. (local time of the recipient) shall be
deemed to have been duly given on the next Business Day.

      

      SECTION
10.8. Complete
Agreement.  This
Agreement, the Confidentiality Agreement, the Ancillary Agreements, the Closing
Agreements and the other documents and writings referred to herein or delivered
pursuant hereto contain the entire understanding of the parties with respect to
the subject matter hereof and thereof and supersede all prior agreements and
understandings, both written and oral, between the parties with respect to the
subject matter hereof and thereof.  This Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns.

       

      SECTION
10.9. Counterparts.  This
Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same agreement and each of which shall be deemed an
original.

       

      SECTION
10.10. Publicity; Confidentiality.

       

      (a) The
Sellers and Buyer will consult with each other and will mutually agree upon any
publication or press release of any nature with respect to this Agreement, the
Ancillary Agreements, the Closing Agreements or the transactions contemplated
hereby and thereby and shall not issue any such publication or press release
prior to such consultation and agreement except as may be required by applicable
Law or by obligations pursuant to any listing agreement with any securities
exchange or any securities exchange regulation of any securities exchange upon
which the securities of one of the parties is listed, in which case the party
proposing to issue such publication or press release shall make reasonable
efforts to consult in good faith with the other party or parties before issuing
any such publication or press release and shall provide a copy thereof to the
other party or parties prior to such issuance.

       

      (b)
Except as requested or required by applicable Law (including securities laws of
any applicable jurisdiction and rules and regulations of any applicable stock
exchange) or legal, judicial or regulatory process, from and after the date
hereof, the parties hereto shall each keep confidential and not directly or
indirectly disclose to any third party (other than its Affiliates, officers,
members, partners, directors, employees, attorneys, accountants, advisors,
agents and other representatives) the terms and conditions of this Agreement or
any Closing Agreement.

       

      SECTION
10.11. Headings.  The
headings contained in this Agreement are for reference only and shall not affect
in any way the meaning or interpretation of this Agreement.

       

      SECTION
10.12. Severability.   Any
provision of this Agreement which is invalid, illegal or unenforceable in any
jurisdiction shall, as to that jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability, without affecting in any way
the remaining provisions hereof in such jurisdiction or rendering that or any
other provision of this Agreement invalid, illegal or unenforceable in any other
jurisdiction.

       

      SECTION
10.13. Third
Parties.   Nothing
herein expressed or implied is intended or shall be construed to confer upon or
give to any Person, other than the parties hereto and their permitted successors
or assigns, any rights or remedies under or by reason of this
Agreement.

       

      SECTION
10.14. Consent to
Jurisdiction; Waiver of Jury Trial .  Each
of the parties irrevocably submits to the exclusive jurisdiction of the United
States District Court for the Southern District of New York located in the
borough of Manhattan in the City of New York, or if such court does not have
jurisdiction, the Supreme Court of the State of New York, New York County, for
the purposes of any suit, action or other proceeding arising out of this
Agreement or any transaction contemplated hereby.  Each of the parties
further agrees that service of any process, summons, notice or document to such
party’s respective address listed above in one of the manners set forth in
Section 10.7 hereof shall be deemed in every respect effective service of
process in any such suit, action or proceeding.  Nothing herein shall
affect the right of any Person to serve process in any other manner permitted by
Law.  Each of the parties hereto irrevocably and unconditionally
waives any objection to the laying of venue of any action, suit or proceeding
arising out of this Agreement or the transactions contemplated hereby in (a) the
United States District Court for the Southern District of New York or (b) the
Supreme Court of the State of New York, New York County, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any
such court that any such action, suit or proceeding brought in any such court
has been brought in an inconvenient forum.  The parties hereto hereby
irrevocably and unconditionally waive trial by jury in any legal action or
proceeding relating to this Agreement or any other agreement entered into in
connection therewith and for any counterclaim with respect thereto.

       

      SECTION
10.15. Enforcement of
Agreement.   Each
party acknowledges and agrees that, prior to Closing, the other party would be
irreparably damaged if any of the provisions of this Agreement are not performed
in accordance with their specific terms and that any breach of this Agreement by
Seller Parent or Buyer could not be adequately compensated in all cases by
monetary damages alone.  Accordingly, in addition to any other right
or remedy to which any party may be entitled at law or in equity, prior to
Closing it shall be entitled to enforce any provision of this Agreement by a
decree of specific performance and to temporary, preliminary and permanent
injunctive relief to prevent breaches or threatened breaches of any of the
provisions of this Agreement, without posting any bond or other
undertaking.

       

      

       

      
        
           

        

        
          84

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed by its duly authorized officer, in each case as of the date first above
written.

       

      
        	 
      	
                TEREX
      CORPORATION

              
	 
      	
                By:

              
	 
      	
                Name:

              
	 
      	
                Title:

              
	 
      	
                BUCYRUS
      INTERNATIONAL, INC.

              
	 
      	
                By:

              
	 
      	
                Name:

              
	 
      	
                Title:exh10-2.htm

    
      
         

      

      
         

      

      
         

      

    

    
      EXECUTION
COPY

       

      

    

    

    

    

    

    

    

    

    EQUITY
AGREEMENT

     

    

     

    between

     

    

     

    TEREX
CORPORATION

     

    

     

    

     

    and

     

    

     

    

     

    BUCYRUS
INTERNATIONAL, INC.

     

    

     

    

     

    dated as
of January 15, 2010

     

    

    

    

    

    

    

    

    

    
      

       

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Table of Contents

     

                                                                                                   Page

     

    
      	
              ARTICLE
      I

            
	
              PURCHASE
      AND SALE OF SHARES

            	 
      
	
              SECTION
      1.1.

            	
              Share
      Issuance

            	
              1

            
	
              SECTION
      1.2.

            	
              Deliveries
      at the Closing

            	
              1

            
	
              ARTICLE
      II

            
	
              REPRESENTATIONS
      AND WARRANTIES OF BUCYRUS

            
	
              SECTION
      2.1.

            	
              Existence
      and Good Standing

            	
              2

            
	
              SECTION
      2.2.

            	
              Authorization;
      Enforceability

            	
              2

            
	
              SECTION
      2.3.

            	
              Non-Contravention;
      Consents

            	
              3

            
	
              SECTION
      2.4.

            	
              Capitalization.

            	
              3

            
	
              SECTION
      2.5.

            	
              Bucyrus
      Stock

            	
              4

            
	
              SECTION
      2.6.

            	
              SEC
      Reports; Financial Statements

            	
              4

            
	
              SECTION
      2.7.

            	
              Certain
      Registration Matters

            	
              5

            
	
              SECTION
      2.8.

            	
              Listing
      Compliance

            	
              5

            
	
              SECTION
      2.9.

            	
              No
      Other Representations or Warranties

            	
              5

            
	
              ARTICLE
      III

            
	
              REPRESENTATIONS
      AND WARRANTIES OF TEREX

            
	
              SECTION
      3.1.

            	
              Existence
      and Good Standing

            	
              5

            
	
              SECTION
      3.2.

            	
              Authorization;
      Enforceability

            	
              5

            
	
              SECTION
      3.3.

            	
              Non-Contravention;
      Consents

            	
              6

            
	
              SECTION
      3.4.

            	
              No
      Brokers’ or Other Fees

            	
              6

            
	
              SECTION
      3.5.

            	
              Purchase
      for Investment

            	
              6

            
	
              SECTION
      3.6.

            	
              Legends

            	
              7

            
	
              SECTION
      3.7.

            	
              No
      Other Representations or Warranties

            	
              7

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              ARTICLE
      IV

            
	
              OTHER
      AGREEMENTS

            
	
              SECTION
      4.1.

            	
              Expenses

            	
              7

            
	
              SECTION
      4.2.

            	
              Listing
      of the Consideration Shares

            	
              7

            
	
              SECTION
      4.3.

            	
              Indemnification

            	
              7

            
	
              SECTION
      4.4.

            	
              Conduct
      of Business Prior to the Closing

            	
              8

            
	
              SECTION
      4.5.

            	
              Further
      Assurances

            	
              8

            
	
               

                        ARTICLE
      V

                     CONDITIONS TO
      THE PARTIES’ OBLIGATIONS

            
	
               

               

            
	
              SECTION
      5.1.

            	
              Conditions
      to Each Party’s Obligation to Effect the Transaction

            	
              8

            
	
              SECTION
      5.2.

            	
              Additional
      Conditions to Obligations of Bucyrus

            	
              9

            
	
              SECTION
      5.3.

            	
              Additional
      Conditions to Obligations of Terex

            	
              9

            
	
              SECTION
      5.4.

            	
              Effect
      of Equity Restraint.

            	
              10

            
	
              ARTICLE
      VI

            
	
              MISCELLANEOUS

            
	
              SECTION
      6.1.

            	
              Governing
      Law

            	
              10

            
	
              SECTION
      6.2.

            	
              Amendment

            	
              10

            
	
              SECTION
      6.3.

            	
              Waiver

            	
              10

            
	
              SECTION
      6.4.

            	
              Assignment

            	
              11

            
	
              SECTION
      6.5.

            	
              Notices

            	
              11

            
	
              SECTION
      6.6.

            	
              Complete
      Agreement

            	
              12

            
	
              SECTION
      6.7.

            	
              Counterparts

            	
              12

            
	
              SECTION
      6.8.

            	
              Headings

            	
              12

            
	
              SECTION
      6.9.

            	
              Severability

            	
              12

            
	
              SECTION
      6.10.

            	
              Third
      Parties

            	
              12

            
	
              SECTION
      6.11.

            	
              Consent
      to Jurisdiction; Waiver of Jury Trial

            	
              12

            
	
              SECTION
      6.12.

            	
              Enforcement
      of Agreement

            	
              13

            

    

    

    

    

    -ii-

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    EQUITY
AGREEMENT (this “Agreement”), dated as
of January 15, 2010, by and between Terex Corporation, a corporation organized
under the laws of the State of Delaware (“Terex”), and Bucyrus
International, Inc., a corporation organized under the laws of the State of
Delaware (“Bucyrus”).  Terex
and Bucyrus are referred to collectively in this Agreement as the “Parties”.  Capitalized
terms not otherwise defined herein are used as defined in the ASPA (as defined
below).

     

    RECITALS

     

    WHEREAS,
Terex and Bucyrus are parties to an Asset and Stock Purchase Agreement, dated as
of December 20, 2009 (the “ASPA”), pursuant to
which Terex has agreed to sell, transfer and convey to Bucyrus, and Bucyrus has
agreed to purchase and acquire, certain assets and liabilities relating to the
Business (the “Acquisition”).

     

    WHEREAS,
in connection with the Acquisition, and pursuant to Section 2.5 of the
ASPA, Terex has provided Bucyrus with the Equity Notice notifying Bucyrus that
Terex desires to receive a portion of the Purchase Price in the form of shares
of Bucyrus Stock, all on the terms and subject to the conditions set forth
herein.

     

    NOW,
THEREFORE, in consideration of the premises and the representations, warranties,
covenants and agreements herein contained and intending to be legally bound
hereby, the parties hereto hereby agree as follows:

     

    ARTICLE
I

     

    PURCHASE
AND SALE OF SHARES

     

    SECTION
1.1.                         Share Issuance.

     

    (a)           On
the Closing Date and subject to the terms and conditions set forth in this
Agreement, Bucyrus shall issue and deliver to Terex (and Terex shall acquire and
accept from Bucyrus), 5,809,731 shares (the “Consideration
Shares”) of Bucyrus Stock.

     

    SECTION
1.2.                         Deliveries at the Closing.  At the
Closing:

     

    (a)           Bucyrus
shall deliver or cause to be delivered to Terex:

     

    (i)           Certificates
representing the Consideration Shares issued in the name of Terex;

     

    (ii)           A
duly executed counterpart original of a stockholders agreement between Terex and
Bucyrus, in the form attached hereto as Exhibit A (the “Stockholders
Agreement”); and

     

    (iii)           A
duly executed certificate of an authorized officer of Bucyrus as to the
satisfaction of the conditions specified in Section 5.3.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)           Terex
shall deliver or cause to be delivered to Bucyrus the following:

     

    (i)           A
consent from the requisite lenders as required under Terex’s Credit Agreement,
dated as of July 14, 2006, as amended, to consummate the transactions
contemplated by this Agreement (the “Terex Consent”),
which (1) has been obtained prior to the date hereof and (2) shall
remain in full force and effect at the Closing;

     

    (ii)           A
duly executed counterpart original of the Stockholders Agreement;
and

     

    (iii)           A
duly executed certificate of an authorized officer of Terex as to the conditions
specified in Section 5.2.

     

    ARTICLE
II

     

    REPRESENTATIONS
AND WARRANTIES OF BUCYRUS

     

    Bucyrus
hereby represents and warrants to Terex as follows:

     

    SECTION
2.1.                         Existence and Good
Standing.  Bucyrus and each Subsidiary thereof is a corporation
or other business entity duly incorporated or organized, validly existing and in
good standing under the Laws of its jurisdiction of incorporation or
organization.  Each of Bucyrus and its Subsidiaries has all requisite
corporate or other power and authority to own its assets and to carry on its
business as now being conducted and is duly qualified or licensed to do business
and is in good standing in the jurisdictions in which the ownership of its
property or the conduct of its business requires such qualification or license
except where the failure to be so qualified or licensed would not reasonably be
expected, individually or in the aggregate, to have a Bucyrus Material Adverse
Effect.  For purposes of this Agreement, the term “Bucyrus Material Adverse
Effect” means any change, effect, occurrence, circumstance or development
that has a material adverse effect on the business, properties, assets, results
of operations or financial condition of Bucyrus and its Subsidiaries, taken as a
whole, but shall exclude any effects resulting from or relating to
(i) events affecting the United States, Canada, Europe, Asia, Australia or
global economy or capital or financial markets generally; (ii) events that
generally affect the industries in which Bucyrus and its Subsidiaries or their
customers conduct business; (iii) changes in Law, U.S. GAAP, or in the
authoritative interpretations thereof applicable to Bucyrus and its
Subsidiaries; (iv) earthquakes or similar catastrophes, or acts of war
(whether declared or undeclared), sabotage, terrorism, military action or any
material escalation or worsening thereof; or (v) the execution,
announcement or existence of this Agreement or the transactions contemplated
hereby; provided, however, that in each
case of (i), (ii), (iii) and (iv), in the event such change, effect, occurrence,
state of facts, circumstance or development has, or would have reasonably be
expected to have, a materially disproportionate adverse effect on Bucyrus and
its Subsidiaries, relative to other Persons manufacturing and selling the same
products made by Bucyrus and its Subsidiaries in the industries in which Bucyrus
and its Subsidiaries operate then it shall be a Bucyrus Material Adverse
Effect.

     

    
      
         

      

      
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    SECTION
2.2.                         Authorization;
Enforceability.  (a) Bucyrus has all requisite corporate power
and authority to execute and deliver this Agreement and the Stockholders
Agreement and to perform its obligations hereunder and
thereunder.  The execution, delivery and performance by Bucyrus of
this Agreement and the Stockholders Agreement, and the performance by Bucyrus of
its obligations hereunder and thereunder, have been or will have been at the
Closing duly and validly authorized by all requisite corporate action on the
part of Bucyrus.

     

    (b)           This
Agreement constitutes, and the Stockholders Agreement when executed and
delivered will constitute, a valid and binding obligation of Bucyrus,
enforceable against Bucyrus in accordance with its terms, except as enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar
Laws affecting creditors’ rights generally or by general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or
Law).

     

    SECTION
2.3.                         Non-Contravention;
Consents.  (a) The execution, delivery and performance by
Bucyrus of this Agreement and the Stockholders Agreement and the consummation of
the transactions contemplated hereby and thereby, do not and will not
(i) violate any provision of the certificate or articles of incorporation,
bylaws or comparable organizational documents of Bucyrus or any Subsidiary
thereof; (ii) conflict with, result in a breach of, constitute a default
under, result in the termination, cancellation or acceleration with respect to,
any term or provision of any contract, commitment, right or other obligation to
which Bucyrus, its Subsidiaries or any of its Affiliates is a Party or is
subject; or (iii) violate or result in a breach of or constitute a default under
any Law or other restriction of any Governmental Authority to which Bucyrus or
any Subsidiary thereof is subject, except with respect to clauses (ii) and
(iii), for violations, breaches, conflicts, defaults, terminations,
cancellations or accelerations as would not reasonably be expected, individually
or in the aggregate, to have a Bucyrus Material Adverse Effect.

     

    (b)           The
execution, delivery and performance of this Agreement and the Stockholders
Agreement and the consummation of the transactions contemplated hereby do not
require any consent, authorization or approval from any third party or any
Governmental Authority on the part of Bucyrus or its Subsidiaries or
Affiliates.

     

    SECTION
2.4.                         Capitalization.

     

    (a)           As
of December 31, 2009, the authorized capital stock of Bucyrus consisted of
200,000,000 shares of Bucyrus Stock, of which there were
75,096,761 shares issued and outstanding, and 10,000,000 shares of
preferred stock, par value $0.01 per share, of which there are no shares issued
or outstanding.  All outstanding shares of Bucyrus Stock issued and
outstanding as of December 31, 2009 were duly authorized and validly issued
and are fully paid and nonassessable.

     

    (b)           The
aggregate number of shares of Bucyrus Stock reserved for issuance under
Bucyrus’s stock option and equity incentive plans, is as specified in the
Bucyrus SEC Reports (as defined herein) as of the respective dates specified
therein.  No holders of securities of Bucyrus are entitled to
preemptive or similar rights, and no Person has any right of first

     

    
      
         

      

      
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    refusal,
preemptive right, right of participation, or any similar right to participate in
the transactions contemplated by this Agreement.  The issue and sale
of the Consideration Shares will not obligate Bucyrus to issue shares of Bucyrus
Stock or other securities to any Person (other than Terex) and will not result
in a right of any holder of Bucyrus securities to adjust the exercise,
conversion, exchange or reset price under any option, right or warrant to
acquire (or any similar instrument), or any securities convertible into or
exchangeable for, Bucyrus Stock.

     

    SECTION
2.5.                         Bucyrus
Stock.  The Consideration Shares will be, when issued in
accordance with the terms hereof, duly authorized, validly issued, fully paid
and nonassessable, free and clear of any lien, charge, encumbrance, security
interest, right of first refusal or other restrictions of any kind, other than
as created by the Stockholders Agreement.

     

    SECTION
2.6.                         SEC Reports; Financial
Statements.

     

    (a)           Bucyrus
has filed or furnished all forms, reports and documents required to be filed or
furnished by Bucyrus with the SEC since January 1, 2008 on a timely basis or has
timely filed a valid extension of such time of filing and has filed any such
Bucyrus SEC Reports prior to the expiration of any such
extension.  All such required forms, reports and documents (including
those that Bucyrus may file subsequent to the date hereof) are referred to
herein as the “Bucyrus
SEC Reports”.  As of the time of their respective filing or
furnishing (or if amended or superseded by a later filing prior to the date
hereof, then on the date of later such filing), the Bucyrus SEC Reports (i) were
or will be prepared in accordance with and complied or will comply with the
requirements of the Securities Act or the Exchange Act, as the case may be, and
the rules and regulations of the SEC thereunder applicable to such Bucyrus SEC
Reports, and (ii) did not or will not (or if amended or superseded by a later
filing prior to the date hereof, then on the date of such later filing) contain
any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made not
misleading.

     

    (b)           Each
of the consolidated financial statements (including, in each case, any related
notes thereto) contained in any Bucyrus SEC Reports (the “Bucyrus Financials”),
(i) complied or will comply in all material respects with the published rules
and regulations of the SEC with respect thereto, (ii) was or will be prepared in
accordance with U.S. GAAP applied on a consistent basis throughout the periods
involved (except as may be indicated in the notes thereto or, in the case of
unaudited interim financial statements, as may be permitted by the SEC on
Forms 10-Q, 8-K or any successor form under the Exchange Act) and conform
with the SEC’s Regulation S-X and (iii) fairly presents or will fairly present
in all material respects the consolidated financial position of Bucyrus and its
Subsidiaries as at the respective dates thereof and the consolidated results of
Bucyrus’s operations and cash flows for the periods indicated, except that the
unaudited interim financial statements may contain condensed footnotes in
accordance with Article 10 of Regulation S-X and were or are subject
to recurring year-end adjustments.

     

    (c)           Since
September 30, 2009, there has not been a Bucyrus Material Adverse
Effect.

     

    
      
         

      

      
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    (d)           Bucyrus
maintains a system of internal accounting and financial controls sufficient to
provide reasonable assurances that transactions are recorded as necessary to
permit preparation of financial statements in accordance with U.S. GAAP in all
material respects.

     

    SECTION
2.7.                         Certain Registration
Matters.  Assuming the accuracy of Terex’s representations and
warranties set forth in Section 3.5, no registration under the Securities Act is
required for the offer and sale of the Consideration Shares to Terex under this
Agreement.  Bucyrus is eligible to register the Bucyrus Stock for
resale by Terex under Form S-3 promulgated under the Securities
Act.  Bucyrus has not granted or agreed to grant to any Person any
rights (including “piggy-back” registration rights) to have any of its
securities registered with the SEC or any other Governmental Authority that have
not been satisfied.

     

    SECTION
2.8.                         Listing Compliance.  Bucyrus
is in compliance in all respects with the requirements for continued listing of
the Bucyrus Stock on the Trading Market on which the Bucyrus Stock is currently
listed.  The issuance and sale of the Consideration Shares under this
Agreement does not contravene the rules and regulations of the Trading Market on
which the Bucyrus Stock is currently listed, and no approval of the stockholders
of Bucyrus thereunder is required for Bucyrus to issue and deliver to Terex the
Consideration Shares contemplated by this Agreement.

     

    SECTION
2.9.                         No Other Representations or
Warranties.  Except for the representations and warranties
contained in this Article II, neither Bucyrus nor any other Person makes
any other express or implied representation or warranty on behalf of Bucyrus or
any Affiliate of Bucyrus with respect to the subject matter of this
Agreement.

     

    ARTICLE
III

     

    REPRESENTATIONS
AND WARRANTIES OF TEREX

     

    Terex
hereby represents and warrants to Bucyrus as follows:

     

    SECTION
3.1.                         Existence and Good
Standing.  Terex is a corporation duly incorporated, validly
existing and in good standing under the Laws of the State of
Delaware.  Terex has all requisite corporate power and authority to
own its assets and to carry on its business as now being conducted and is duly
qualified or licensed to do business and is in good standing in the
jurisdictions in which the ownership of its property or the conduct of its
business requires such qualification or license, except where the failure to be
so qualified or licensed would not reasonably be expected to, individually or in
the aggregate, materially impede or delay the ability of Terex to consummate the
transactions contemplated by this Agreement.

     

    SECTION
3.2.                         Authorization;
Enforceability.

     

    (a)           Terex
has all requisite corporate power and authority to execute and deliver this
Agreement and the Stockholders Agreement and to perform its obligations
hereunder and thereunder.  The execution, delivery and performance by
Terex of this Agreement and the Stockholders Agreement, and the performance by
Terex of its obligations hereunder and thereunder, have been or will have been
at the Closing duly authorized by all requisite corporate action on the part of
Terex.

     

    
      
         

      

      
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    (b)           This
Agreement constitutes, and the Stockholders Agreement when executed and
delivered will constitute, a valid and binding obligation of Terex, enforceable
against Terex in accordance with its terms, except as enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting
creditors’ rights generally or by general principles of equity (regardless or
whether enforcement is sought in a proceeding in equity or Law).

     

    SECTION
3.3.                         Non-Contravention;
Consents.

     

    (a)           The
execution, delivery and performance by Terex of this Agreement and the
Stockholders Agreement and the consummation of the transactions contemplated
hereby and thereby, do not and will not (i) violate any provision of the
certificate of incorporation or bylaws of Terex; (ii) result in a breach of, or
default under, or right to accelerate with respect to, any term or provision of
any contract, commitment or other obligation to which Terex or any of its
Affiliates is a Party or is subject; or (iii) violate or result in a breach of
or constitute a default under any Law or other restriction of any Governmental
Authority to which Terex is subject, except with respect to clauses (ii) and
(iii), for violations, breaches, defaults, or accelerations as would not
reasonably be expected to, individually or in the aggregate, materially impede
or delay the ability of Terex to consummate the transactions contemplated by
this Agreement.

     

    (b)           Other
than the Terex Consent, the execution, delivery and performance of this
Agreement and the consummation of the transactions contemplated hereby do not
require any consent, authorization or approval from any third party or any
Governmental Authority on the part of Terex, except for consents, authorizations
or approvals, the failure of which to obtain, would not reasonably be expected
to, individually or in the aggregate, materially impede or delay the ability of
Terex to consummate the transactions contemplated by this
Agreement.

     

    SECTION
3.4.                         No Brokers’ or Other
Fees.  Except for Goldman, Sachs & Co., whose fees and
expenses will be paid by Terex, no broker, finder or investment banker is
entitled to any fee or commission in connection with the transactions
contemplated hereby based upon arrangements made by or on behalf of
Terex.

     

    SECTION
3.5.                         Purchase for
Investment.  Terex is an “accredited investor” within the
meaning of Rule 501(a) under the Securities Act.  Terex is
acquiring the Consideration Shares for its own account and solely for
investment, with no intention to sell, transfer or distribute any Consideration
Shares to any other Person.  Terex has no present intention of
selling, granting any participation in or otherwise distributing the
Consideration Shares.  Terex does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant
participations to such person or to any third person, with respect to any of the
Consideration Shares.  Terex acknowledges that it can bear the
economic risk of its investment in the Consideration Shares and has such
knowledge and experience in financial or business matters that it is capable of
evaluating the merits and risks of the investment in the Consideration
Shares.  Terex acknowledges that none of the Consideration Shares have
been registered under the Securities Act or under any state or foreign
securities laws, and Terex will not, and shall cause any of its Affiliates that
acquire the Consideration Shares not to, sell, transfer or distribute any
Consideration Shares except in compliance with the registration requirements or
exemption provisions under the Securities Act and the rules and
regulations

     

    
      
         

      

      
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    promulgated
thereunder, or any other applicable Law.  Terex has made such inquiry
concerning Bucyrus, its business, personnel, assets, liabilities, financial
condition, prospects and other matters as Terex has deemed appropriate for
purposes of making this investment.  Bucyrus has made available to
Terex any and all written or other information which Terex has requested and has
answered to Terex’s satisfaction all inquiries made by Terex.  Neither
Terex nor any of its Affiliates has engaged in any transaction that is intended
to transfer, or that would otherwise have the effect of transferring, in whole
or in part, directly or indirectly, the economic consequence of its acquisition
and ownership of the Consideration Shares, whether such transaction is to be
settled by delivery of securities, cash or other consideration.

     

    SECTION
3.6.                         Legends.  Terex
understands that the certificates evidencing the Consideration Shares may bear a
legend in substantially the form set forth in the Stockholders
Agreement.

     

    SECTION
3.7.                         No Other Representations or
Warranties.  Except for the representations and warranties
contained in this Article III, neither Terex nor any other Person makes any
other express or implied representation or warranty on behalf of Terex or any
Affiliate of Terex with respect to the subject matter of this
Agreement.

     

    ARTICLE
IV

     

    OTHER
AGREEMENTS

     

    SECTION
4.1.                         Expenses.  Whether
or not the Closing takes place, and except as otherwise specified in this
Agreement, all costs and expenses incurred in connection with this Agreement and
the transactions contemplated hereby shall be paid by the Party incurring such
expense.  Bucyrus shall pay any filing fees or similar charges with
respect to any governmental approval.

     

    SECTION
4.2.                         Listing of the Consideration
Shares.  Bucyrus agrees (i) if Bucyrus applies to have the
Bucyrus Stock traded on any other Trading Market, it will include in such
application the Consideration Shares, and will use commercially reasonable
efforts to cause the Consideration Shares to be listed on such other Trading
Market contemporaneously with the listing of the Bucyrus Stock, or as promptly
thereafter as practicable, (ii) it will take all action reasonably necessary to
list the Consideration Shares on the applicable Trading Market and to continue
the listing and trading of its Bucyrus Stock (and the Consideration Shares) on a
Trading Market and (iii) if required, prior to Closing Bucyrus will submit an
Additional Listing Application with the NASDAQ Global Select Market with respect
to the issuance of the Consideration Shares.  For purposes hereof
“Trading Market” means whichever of the New York Stock Exchange, the American
Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market, the
NASDAQ Capital Market or OTC Bulletin Board on which the Bucyrus Stock is listed
or quoted for trading on the date in question.

     

    SECTION
4.3.                         Indemnification.  All
claims for indemnification under this Agreement shall be made pursuant to, and
shall be subject to the limitations and conditions of, Article IX of the
ASPA as if such claims were made pursuant to the ASPA.  For the
avoidance of doubt, all representations and warranties in this Agreement shall
be deemed to be representations

     

    
      
         

      

      
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    and
warranties made pursuant to the ASPA and the representations and warranties
contained in Sections 2.1, 2.2, 2.5, 3.1 and 3.2 hereof shall remain in full
force and effect and survive indefinitely, and the balance of the
representations and warranties contained in this Agreement shall remain in full
force and effect and survive for 18 months after the Closing Date.

     

    SECTION
4.4.                         Conduct of Business Prior to the
Closing.

     

    (a)           During
the period from and after the date of this Agreement and until the earlier of
(x) the termination of this Agreement or (y) the close of business local time on
the Closing Date, Bucyrus agrees that it shall not (i) adjust, split, combine,
subdivide, or reclassify the Bucyrus Stock or take any other action that could
have a similar effect on Bucyrus Stock, (ii) pay any stock dividend in respect
of any shares of its capital stock, (iii) materially modify or amend Bucyrus’s
certificate of incorporation or by-laws, except as required by Law or required
to effectuate the transactions contemplated by this Agreement and the ASPA or
(iv) authorize any of, or commit to do or enter into any, binding contract,
agreement or arrangement with respect to any of the foregoing actions in clauses
(i) through (iii) of this Section
4.4.

     

    (b)           In
the event of a merger or consolidation of Bucyrus into another company prior to
the Closing as a result of which the outstanding Bucyrus Stock is converted into
or exchanged for securities and/or other property or assets of the surviving
corporation Terex, rather than being entitled to the Consideration Shares, will
be entitled to receive at the Closing the kind and amount of securities and/or
other property or assets of the surviving corporation that Terex would have
received in respect of the Consideration Shares had it acquired the
Consideration Shares immediately prior to the record date for determining the
holders of Bucyrus Stock entitled to receive such securities and/or other
property or assets in respect of such merger or consolidation.

     

    SECTION
4.5.                         Further
Assurances.  Each Party shall use all commercially reasonable
efforts to take, or cause to be taken, all appropriate action, do or cause to be
done all things necessary, proper or advisable under applicable Law, and execute
and delivery such documents and other papers, as reasonably requested by the
other Party and necessary to consummate the transactions contemplated by this
Agreement, including, but not limited to, satisfying the conditions set forth
under Article V
hereof.

     

    ARTICLE
V

     

    CONDITIONS
TO THE PARTIES’ OBLIGATIONS

     

    SECTION
5.1.                         Conditions to Each Party’s
Obligation to Effect the Transaction.  The respective
obligations of each Party to effect the transactions contemplated hereby shall
be subject to the satisfaction at or prior to the Closing of each of the
following conditions:

     

    (a)           Asset and Stock Purchase
Agreement.  The completion of the transactions contemplated at
the Closing under the ASPA.

     

    (b)           No Injunctions or
Restraints.  No judgment, order, injunction, decree, statute,
law, ordinance, rule or regulation, or other legal restraint or prohibition
(whether temporary, preliminary or permanent), entered, enacted, promulgated,
enforced or issued by any

     

    
      
         

      

      
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    court or
other Governmental Authority of competent jurisdiction (each, an “Equity Restraint”),
shall be in effect that prohibits, makes illegal or enjoins the consummation of
the transactions contemplated hereby.

     

    SECTION
5.2.                         Additional Conditions to
Obligations of Bucyrus.  The obligation of Bucyrus to effect
the transactions contemplated hereby shall be subject to the satisfaction at or
prior to the Closing of each of the following conditions, any of which may be
waived in writing by Bucyrus:

     

    (a)           Accuracy of Representations
and Warranties.  The representations and warranties of Terex
set forth herein shall be true and correct in all respects as of the date hereof
and as of the Closing Date, as if made at and as of such time (except to the
extent expressly made as of an earlier date, in which case as of such date),
except to the extent that the failure of any such representations and warranties
to be so true and correct would not reasonably be expected to have, in the
aggregate, a Company Material Adverse Effect.

     

    (b)           Covenants.  Terex
shall have performed and complied in all material respects with all of its
covenants under this Agreement on or before the Closing (to the extent that such
covenants require performance by Terex on or before the Closing).

     

    (c)           Required
Consents.  The Terex Consent shall have been obtained and shall
remain in full force and effect.

     

    (d)           Terex
Deliverables.  Terex shall have delivered the items set forth
in Section 1.2(b) in accordance with the provisions thereof.

     

    SECTION
5.3.                         Additional Conditions to
Obligations of Terex.  The obligation of Terex to effect the
Transaction shall be subject to the satisfaction at or prior to the Closing of
each of the following conditions, any of which may be waived in writing by
Terex:

     

    (a)           Accuracy of Representations
and Warranties.  The representations and warranties of Bucyrus
set forth herein shall be true and correct in all respects as of the date hereof
and as of the Closing Date, as if made at and as of such time (except to the
extent expressly made as of an earlier date, in which case as of such date),
except to the extent that the failure of any such representations and warranties
to be so true and correct does not have, and would not reasonably be expected to
have, individually or in the aggregate, a Bucyrus Material Adverse
Effect.

     

    (b)           Covenants.  Bucyrus
shall have performed and complied in all material respects with all of its
covenants under this Agreement at or before the Closing (to the extent that such
covenants require performance by Bucyrus at or before the Closing).

     

    (c)           NASDAQ
Approval.  The Consideration Shares shall be approved for
listing by the NASDAQ Global Select Market.

     

    (d)           Bucyrus
Deliverables.  Bucyrus shall have delivered the items set forth
in Section 1.2(a) in accordance with the provisions thereof.

     

    
      
         

      

      
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    SECTION
5.4.                                Effect of Equity
Restraint.   (a) If all the conditions to the Closing
under the ASPA have been satisfied or waived, and an Equity Restraint exists
such that the condition set forth in Section 5.1(b) hereof
as to the issuance of the Consideration Shares has not been satisfied, then for
a period of 30 days commencing on such date that all other conditions precedent
to the Closing under the ASPA were satisfied, the parties shall use their
commercially reasonable efforts to remove or cause to be removed the Equity
Restraint and consummate the transactions contemplated hereby, including the
issuance of the Consideration Shares as a portion of the Purchase Price in
accordance with this Agreement and the ASPA; provided that, subject to Section 5.4(b)(ii),
the parties shall not be obligated to complete the transactions contemplated
hereby and by the ASPA unless and until the Equity Restraint is no longer in
effect for the parties or the parties mutually agree to the termination of this
Agreement under Section 5.4(b)(i)
below.

     

    (b)           If
following the 30-day period referred to in Section 5.4(a) above,
the condition set forth in Section 5.1(b)
remains unsatisfied, then on the Business Day immediately following the
expiration of such 30-day period the parties shall:

     

    (i)  upon the mutual consent
of the parties, proceed to consummate the transactions under the ASPA by
delivery of the original Purchase Price in cash as though the Equity Notice had
not been delivered, in which case, this Agreement shall terminate automatically;
or

     

    (ii) if the mutual consent of the
parties is not obtained as contemplated in clause (i) above, then the parties
shall thereafter continue to use their commercially reasonable efforts to
satisfy the conditions set forth in Section 5.1(b) hereof
and enable the issuance of the Consideration Shares and the completion of the
transactions under the ASPA at Closing.

     

    

    ARTICLE
VI

     

    MISCELLANEOUS

     

    SECTION
6.1.                         Governing
Law.  This Agreement shall be construed under and governed by
the Laws of the State of New York.

     

    SECTION
6.2.                         Amendment.  This
Agreement may not be amended, modified or supplemented except upon the execution
and delivery of a written agreement executed by the parties hereto.

     

    SECTION
6.3.                         Waiver.  Any
of the terms or conditions of this Agreement, which may be lawfully waived, may
be waived in writing at any time by each Party which is entitled to the benefits
thereof.  Any waiver of any of the provisions of this Agreement by any
Party shall be binding only if set forth in an instrument in writing signed on
behalf of such Party.  No failure to enforce any provision of this
Agreement shall be deemed to or shall constitute a waiver of such provision and
no waiver of any of the provisions of this Agreement shall be

     

    
      
         

      

      
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    deemed to
or shall constitute a waiver of any other provision hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver.

     

    SECTION
6.4.                         Assignment.  This
Agreement and the rights and obligations hereunder shall not be assignable or
transferable by Bucyrus or Terex (including by operation of law in connection
with a merger or consolidation of the Bucyrus or Terex) without the prior
written consent of the other parties hereto, provided however, prior to Closing,
Terex may assign its rights hereunder to an Affiliate, provided that such
assignment should not relieve Terex of its obligations hereunder.

     

    SECTION
6.5.                         Notices.  Any
notice, demand, or communication required or permitted to be given by any
provision of this Agreement shall be deemed to have been sufficiently given or
served for all purposes if (a) personally delivered, (b) sent by an
internationally recognized overnight courier service to the recipient at the
address below indicated or (c) delivered by facsimile with email or telephonic
confirmation of receipt:

     

    If to
Bucyrus:

     

    

     

    Bucyrus
International, Inc.

     

    P.O. Box
500

     

    1100
Milwaukee Avenue

     

    South
Milwaukee, Wisconsin 53172

     

    Attn:  General
Counsel

     

    (414)
768-5060 (facsimile)

     

    (414)
768-4000 (telephone)

     

    With a
copy to (which copy shall not constitute notice):

     

    

     

    Sullivan
& Cromwell LLP

     

    1870
Embarcadero Road

     

    Palo
Alto, California 94303

     

    Attn:  Scott
D. Miller

     

    (650)
461-5777 (facsimile)

     

    (650)
461-5620 (telephone)

     

    If to
Terex:

     

    

     

    Terex
Corporation

     

    200 Nyala
Farm Road

     

    Westport,
CT 06880

     

    Attn:
Eric I Cohen, Senior Vice President

     

    Secretary
and General Counsel

     

    (203)
227-6372 (facsimile)

     

    (203)
222-5950 (telephone)

     

    
      
         

      

      
        - 11-

        
          

        

      

      
         

      

    

    With a
copy to (which copy shall not constitute notice):

     

    

     

    Bryan
Cave LLP

     

    1290
Avenue of the Americas

     

    New York,
New York 10104

     

    Attn:  Stuart
A. Gordon, Esq.

     

              David
E. Fisher, Esq.

     

    (212)
541-4630 (facsimile)

     

    (212)
541-2000 (telephone)

     

    or to
such other address as any Party hereto may, from time to time, designate in a
written notice given in like manner.  Except as otherwise provided
herein, any notice under this Agreement will be deemed to have been given (x) on
the date such notice is personally delivered or delivered by facsimile or (y)
the second succeeding Business Day after the date such notice is delivered to
the overnight courier service if sent by overnight courier; provided that in each case
notices received after 4:00 p.m. (local time of the recipient) shall be deemed
to have been duly given on the next Business Day.

     

    SECTION
6.6.                         Complete
Agreement.  This Agreement and the other documents and writings
referred to herein or delivered pursuant hereto contain the entire understanding
of the parties with respect to the subject matter hereof and supersede all prior
agreements and understandings, both written and oral, between the parties with
respect to the subject matter hereof.  This Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns.

     

    SECTION
6.7.                         Counterparts.  This
Agreement may be executed in one or more counterparts, all of which shall be
considered one and the same agreement and each of which shall be deemed an
original.

     

    SECTION
6.8.                         Headings.  The
headings contained in this Agreement are for reference only and shall not affect
in any way the meaning or interpretation of this Agreement.

     

    SECTION
6.9.                         Severability.  Any
provision of this Agreement which is invalid, illegal or unenforceable in any
jurisdiction shall, as to that jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability, without affecting in any way
the remaining provisions hereof in such jurisdiction or rendering that or any
other provision of this Agreement invalid, illegal or unenforceable in any other
jurisdiction.

     

    SECTION
6.10.                                Third
Parties.  Nothing herein expressed or implied is intended or
shall be construed to confer upon or give to any Person, other than the parties
hereto and their permitted successors or assigns, any rights or remedies under
or by reason of this Agreement.

     

    SECTION
6.11.                                Consent to Jurisdiction;
Waiver of Jury Trial.  Each of the parties irrevocably submits
to the exclusive jurisdiction of the United States District Court for the
Southern District of New York located in the borough of Manhattan in the City of
New York, or if such court does not have jurisdiction, the Supreme Court of the
State of New York, New York County, for the purposes of any suit, action or
other proceeding arising out of this Agreement or

     

    
      
         

      

      
        - 12-

        
          

        

      

      
         

      

    

    any
transaction contemplated hereby.  Each of the parties further agrees
that service of any process, summons, notice or document to such Party’s
respective address listed above in one of the manners set forth in Section 6.5
hereof shall be deemed in every respect effective service of process in any such
suit, action or proceeding.  Nothing herein shall affect the right of
any Person to serve process in any other manner permitted by
Law.  Each of the parties hereto irrevocably and unconditionally
waives any objection to the laying of venue of any action, suit or proceeding
arising out of this Agreement or the transactions contemplated hereby in (a) the
United States District Court for the Southern District of New York or (b) the
Supreme Court of the State of New York, New York County, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any
such court that any such action, suit or proceeding brought in any such court
has been brought in an inconvenient forum.  The parties hereto hereby
irrevocably and unconditionally waive trial by jury in any legal action or
proceeding relating to this Agreement or any other agreement entered into in
connection therewith and for any counterclaim with respect thereto.

     

    SECTION
6.12.                                Enforcement of
Agreement.  Each
Party acknowledges and agrees that, prior to Closing, the other Party would be
irreparably damaged if any of the provisions of this Agreement are not performed
in accordance with their specific terms and that any breach of this Agreement by
a Party could not be adequately compensated in all cases by monetary damages
alone.  Accordingly, in addition to any other right or remedy to which
any Party may be entitled at law or in equity, prior to Closing it shall be
entitled to enforce any provision of this Agreement by a decree of specific
performance and to temporary, preliminary and permanent injunctive relief to
prevent breaches or threatened breaches of any of the provisions of this
Agreement, without posting any bond or other undertaking.

     

     [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

    SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
        - 13-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed by its duly authorized officer, in each case as of the date first above
written.

     

    
      	 
      	
              TEREX
      CORPORATION

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:             

            
	 
      	
              Name:   

            
	 
      	
              Title:

            
	 
      	 
      
	 
      	 
      
	 
      	
              BUCYRUS
      INTERNATIONAL, INC.

            
	 
      	 
      
	 
      	 
      
	 
      	
              By:               

            
	 
      	
              Name:   

            
	 
      	
              Title:

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