Common use of Procedure for Payment Clause in Contracts

Procedure for Payment. (i) Immediately after the Effective Time Buyer will furnish to Durham, Evans, Jones & Pinegar, P.C. (▇▇▇ "Ex▇▇▇▇▇▇ Agent") (A) stock certificates (issued in the names of the Papyrus Stockholders or their nominees) representing that number of whole Merger Shares issuable to the Papyrus Stockholders equal to the product of (I) the Exchange Ratio times (II) the number of outstanding Papyrus Shares held of record by each Papyrus Stockholder, less the number of Merger Shares to be deposited in the Escrow Fund on such holder's behalf pursuant to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(f), and (B) checks representing presently available funds payable to the Papyrus Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount of the Cash Payment which such holder has the right to receive in accordance with Section 2.4(e) in respect of Papyrus Shares formerly evidenced by such tendered certificate, (2) any dividends or other distributions to which such holder is entitled pursuant to Section 2.4(m), (3) cash (without interest) in respect of fractional shares as provided in Section 2.4(i), and (4) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f), and (C) the Buyer Note(s) (collectively such Merger Shares, the Buyer Note(s) and cash consideration, "Merger Consideration"). (ii) Buyer shall cause the Exchange Agent to mail a letter of transmittal (with instructions for its use) in the form attached hereto as Exhibit B, together with such other customary documents as may be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 to each record holder of outstanding Papyrus Shares for the holder to use in surrendering the certificates which represent his or its Papyrus Shares in exchange for the Merger Consideration payable to such holder. (iii) Upon surrender to the Exchange Agent of a Papyrus Certificate for cancellation, together with such letter of transmittal and other documents, duly completed and validly executed in accordance with the instructions thereto, the holder of such Papyrus Shares shall be entitled to receive in exchange therefor the Merger Consideration payable to such Holder. Upon delivery of such payment to the Papyrus Stockholder, the Papyrus Certificate so surrendered shall forthwith be canceled. Until so surrendered, each outstanding Papyrus Certificate that, prior to the Effective Time, represented Papyrus Shares will be deemed from and after the Effective Time, for all corporate purposes, other than the payment of dividends, to evidence the ownership of the number of full Merger Shares and the cash consideration described in this Section 2.4(l)(iii). (iv) If any Papyrus Certificates shall have been lost, stolen or destroyed, the Exchange Agent shall issue in exchange for such lost, stolen or destroyed Papyrus Certificates, upon the making of an affidavit of that fact by the holder thereof, such Merger Consideration as may be required pursuant to this Section 2.4. (v) Any portion of the Merger Consideration delivered to the Exchange Agent which remains undistributed to the Papyrus Stockholders one hundred eighty (180) days after the Effective Time shall be delivered to Buyer, upon demand, and any Papyrus Stockholders who have not previously complied with this Section 2.4 shall thereafter look only to Buyer for payment of their claim for the Merger Consideration. (vi) Notwithstanding anything to the contrary in this Agreement, none of the Exchange Agent, the Surviving Corporation or any party hereto shall be liable to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar law. (vii) Buyer shall pay all charges and expenses of the Exchange Agent.

Procedure for Payment. (ia) Immediately after the Effective Time Buyer will furnish to DurhamTime, Evans, Jones & Pinegar, P.C. (▇▇▇ "Ex▇▇▇▇▇▇ Agent") (A) stock certificates (issued in the names of the Papyrus Stockholders or their nominees) representing that number of whole Merger Shares issuable and pursuant to the Papyrus Stockholders equal to the product of (I) the Exchange Ratio times (II) the number of outstanding Papyrus Shares held of record by each Papyrus Stockholder, less the number of Merger Shares to be deposited in the Escrow Fund on such holder's behalf pursuant to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(f), and (B) checks representing presently available funds payable to the Papyrus Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount of the Cash Payment which such holder has the right to receive in accordance with Section 2.4(e) in respect of Papyrus Shares formerly evidenced by such tendered certificate, (2) any dividends or other distributions to which such holder is entitled pursuant to Section 2.4(m), (3) cash (without interest) in respect of fractional shares as provided in Section 2.4(i), and (4) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f), and (C) the Buyer Note(s) (collectively such Merger SharesPaying Agent Agreement, the Buyer Note(s) and cash consideration, "Merger Consideration"). (ii) Buyer shall Parent will cause the Exchange Paying Agent to mail a letter of transmittal (with instructions for its use) substantially in the form of the attached hereto as Exhibit B, together with such other customary documents as may be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 D to each record holder of outstanding Papyrus Shares Target Stock for the such holder to use in surrendering the certificates which represent his certificate(s) that represented his, her or its Papyrus Shares Target Stock against payment of that portion of the Merger Consideration to be issued in exchange for the Merger Consideration payable to such holdercertificate(s). (iiib) Upon the surrender of a certificate(s) representing Common Stock by a Common Holder (other than a Vested Option/Warrant Holder) to the Exchange Agent of a Papyrus Certificate for cancellationPaying Agent, together with such letter of transmittal and other documentstransmittal, duly completed executed, and validly executed in accordance with the instructions theretosuch other documents as may be required, the holder of such Papyrus Shares shall be entitled Paying Agent will pay to receive the Common Holder, in exchange therefor the Merger Consideration payable to for such Holder. Upon delivery of such payment certificate(s), cash in an amount equal to the Papyrus Stockholder, the Papyrus Certificate so surrendered shall forthwith be canceled. Until so surrendered, each outstanding Papyrus Certificate that, prior to the Effective Time, represented Papyrus Shares will be deemed from and after the Effective Time, for all corporate purposes, other than the payment of dividends, to evidence the ownership product of the number of full Merger Shares and shares evidenced by such certificate(s) times the cash consideration described in this Section 2.4(l)(iii)Per Share Common Cash Amount. (ivc) If any Papyrus Certificates shall have been lostUpon the surrender of a certificate(s) by a Preferred Holder to the Paying Agent, stolen or destroyedtogether with such letter of transmittal, duly executed, and such other documents as may be required, the Exchange Paying Agent shall issue will pay to the Preferred Holder, in exchange for such lostcertificate(s), stolen cash in an amount equal to the product of the number of shares evidenced by such certificate(s) times the Per Share Preferred Cash Amount. (d) Upon the surrender of all agreements, instruments and other documents previously representing Vested Options or destroyed Papyrus CertificatesWarrants, upon as applicable (the making "Vested Options/Warrants Documents"), together with such letter of an affidavit of that fact by the holder thereoftransmittal, duly executed, and such Merger Consideration other documents as may be required required, by a Vested Option/Warrant Holder to the Paying Agent, the Paying Agent will pay to the Vested Option/Warrant Holder, in exchange for the Vested Options/Warrants Documents, cash in an amount equal to the product of the number of shares of Common Stock issuable pursuant to this Section 2.4such Vested Option or Warrant, as applicable, times the excess, if any, of the Per Share Common Cash Amount over the exercise price per share for the Common Stock issuable pursuant to such Vested Option or Warrant. (ve) Any Immediately after the Paying Agent receives the Remaining Escrow, if any, the Paying Agent will pay (i) to each Common Holder (other than a Vested Option/Warrant Holder) who satisfied the requirements set forth in Section 2.5(b) of this Agreement, cash in an amount equal to the product of the number of shares evidenced by such certificate(s) times the Per Share Escrow Amount, and (ii) to each Vested Option/Warrant Holder who satisfied the requirements set forth in Section 2.5(d) of this Agreement, cash in an amount equal to the product of the number of shares of Common Stock issuable pursuant to such Vested Option or Warrant, as applicable, times the Per Share Escrow Amount. (f) Immediately after the Paying Agent receives the Remaining 2004 Earnout Payment, if any, the Paying Agent will pay (i) to each Common Holder (other than a Vested Option/Warrant Holder) who satisfied the requirements set forth in Section 2.5(b) of this Agreement, cash in an amount equal to the product of the number of shares evidenced by such certificate(s) times the Per Share 2004 Earnout Amount, and (ii) to each Vested Option/Warrant Holder who satisfied the requirements set forth in Section 2.5(d) of this Agreement, cash in an amount equal to the product of the number of shares of Common Stock issuable pursuant to such Vested Option or Warrant, as applicable, times the Per Share 2004 Earnout Amount. (g) Immediately after the Paying Agent receives the Remaining 2005 Earnout Payment, if any, the Paying Agent will pay (i) to each Common Holder (other than a Vested Option/Warrant Holder) who satisfied the requirements set forth in Section 2.5(b) of this Agreement, cash in an amount equal to the product of the number of shares evidenced by such certificate(s) times the Per Share 2005 Earnout Amount, and (ii) to each Vested Option/Warrant Holder who satisfied the requirements set forth in Section 2.5(d) of this Agreement, cash in an amount equal to the product of the number of shares of Common Stock issuable pursuant to such Vested Option or Warrant, as applicable, times the Per Share 2005 Earnout Amount. (h) The Parent may cause the Paying Agent to pay over to the Surviving Corporation any portion (including any earnings) of the Merger Consideration delivered to the Exchange Agent which remains undistributed to the Papyrus Stockholders one hundred eighty (180) remaining 150 days after the Effective Time shall be delivered to Buyer, upon demandPaying Agent received each such amount, and any Papyrus Stockholders who have not previously complied with this Section 2.4 shall thereafter all former Holders will be entitled to look only to Buyer for payment of their claim for the Merger Consideration. (vi) Notwithstanding anything to the contrary in this Agreement, none of the Exchange Agent, the Surviving Corporation or any party hereto shall be liable (subject to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat and other similar laws) as general creditors with respect to any Merger Consideration then owed to such former Holder, as applicable, payable upon surrender of certificate(s) representing his, her or similar lawits Target Stock. (vii) Buyer shall pay all charges and expenses of the Exchange Agent.

Procedure for Payment. (i) Immediately after the Effective Time At Closing, Buyer will furnish deliver to Durham, Evans, Jones & Pinegar, P.C. (▇▇▇▇▇ "Ex& ▇▇▇▇▇▇ ▇▇, P.C. (the "Exchange Agent") (A) stock certificates (issued in the names of the Papyrus Target Stockholders or their nominees) representing that number of whole Merger Shares issuable to the Papyrus Target Stockholders equal to the product of (I) the Exchange Ratio times (II) the number of outstanding Papyrus Target Shares held of record by each Papyrus Target Stockholder, less the number of Merger Shares to be deposited in the Escrow Fund on such holder's behalf pursuant to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(f), and (B) checks representing presently available funds payable to the Papyrus Target Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount of the Cash Payment which such holder has the right to receive in accordance with Section 2.4(e) in respect of Papyrus the Target Shares formerly evidenced by such tendered certificate, (2) any dividends or other distributions to which such holder is entitled pursuant to Section 2.4(m), (3) cash (without interest) in respect of fractional shares as provided in Section 2.4(i), and (4) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f), and (C) the Buyer Note(s) (collectively such Merger Shares, the Buyer Note(s) Shares and cash consideration, "Merger Consideration"). (ii) Buyer shall cause the Exchange Agent to mail a letter of transmittal (with instructions for its use) in the form attached hereto as Exhibit B, together with such other customary documents as may be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 to each record holder of outstanding Papyrus Target Shares for the holder to use in surrendering the certificates which represent his or its Papyrus Target Shares in exchange for the Merger Consideration payable to such holder. (iii) Upon surrender to the Exchange Agent of a Papyrus Target Certificate for cancellation, together with such letter of transmittal and other documents, duly completed and validly executed in accordance with the instructions thereto, the holder of such Papyrus Target Shares shall be entitled to receive in exchange therefor the Merger Consideration payable to such Holder. Upon delivery of such payment to the Papyrus Target Stockholder, the Papyrus Target Certificate so surrendered shall forthwith be canceled. Until so surrendered, each outstanding Papyrus Target Certificate that, prior to the Effective Time, represented Papyrus Target Shares will be deemed from and after the Effective Time, for all corporate purposes, other than the payment of dividends, which shall be paid in full upon surrender of such Target Certificate or affidavit of lost certificate as described below, to evidence the ownership of the number of full Merger Shares and the cash consideration described in this Section 2.4(l)(iii). (iv) If any Papyrus Target Certificates shall have been lost, stolen or destroyed, the Exchange Agent Buyer shall issue cause to be issued in exchange for such lost, stolen or destroyed Papyrus Target Certificates, upon the making of an affidavit of that fact by the holder thereofthereof in form acceptable to Buyer, such Merger Consideration as may be required pursuant to this Section 2.4; provided, however, that any such affidavit shall include a covenant by such Target Stockholder indemnifying Buyer for any claim that may be made against Buyer, the Surviving Corporation or the Exchange Agent with respect to the Target Certificates alleged to have been lost, stolen or destroyed. (v) Any portion of the Merger Consideration delivered to the Exchange Agent which remains undistributed to the Papyrus Target Stockholders one hundred eighty (180) days 180)days after the Effective Time shall be delivered to Buyer, upon demand, and any Papyrus Target Stockholders who have not previously complied with this Section 2.4 shall thereafter look only to Buyer for payment of their claim for the Merger Consideration. (vi) Notwithstanding anything to the contrary in this Agreement, none of the Exchange Agent, the Surviving Corporation or any party hereto shall be liable to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar law. (vii) Buyer shall pay all charges and expenses of the Exchange Agent.

Procedure for Payment. (ia) Immediately after the Effective Time Buyer the Parent will furnish to Durhamcause the Paying Agent, Evans, Jones & Pinegar, P.C. (▇▇▇ "Ex▇▇▇▇▇▇ Agent") (A) stock certificates (issued in the names of the Papyrus Stockholders or their nominees) representing that number of whole Merger Shares issuable pursuant to the Papyrus Stockholders equal to the product of (I) the Exchange Ratio times (II) the number of outstanding Papyrus Shares held of record by each Papyrus StockholderPaying Agent Agreement, less the number of Merger Shares to be deposited in the Escrow Fund on such holder's behalf pursuant to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(f), and (B) checks representing presently available funds payable to the Papyrus Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount of the Cash Payment which such holder has the right to receive in accordance with Section 2.4(e) in respect of Papyrus Shares formerly evidenced by such tendered certificate, (2) any dividends or other distributions to which such holder is entitled pursuant to Section 2.4(m), (3) cash (without interest) in respect of fractional shares as provided in Section 2.4(i), and (4) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f), and (C) the Buyer Note(s) (collectively such Merger Shares, the Buyer Note(s) and cash consideration, "Merger Consideration"). (ii) Buyer shall cause the Exchange Agent to mail a letter of transmittal (with instructions for its use) substantially in the form attached hereto as Exhibit B, together with such other customary documents as may be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 D to each record holder of outstanding Papyrus Target Shares and each holder of a Warrant, and the Parent will mail a Vested Option Cancellation Agreement to each holder of Vested Options (if any) who shall have not executed and delivered to the Parent a Vested Option Cancellation Agreement prior to the Effective Time, for the such holder to use in surrendering the certificates which represent his or its Papyrus Shares in exchange for the Merger Consideration payable to such holder. (iii) Upon surrender to the Exchange Agent of a Papyrus Certificate for cancellation, together with such letter of transmittal and other documents, duly completed and validly executed in accordance with the instructions thereto, the holder of such Papyrus Shares shall be entitled to receive in exchange therefor the Merger Consideration payable to such Holder. Upon delivery of such payment to the Papyrus Stockholder, the Papyrus Certificate so surrendered shall forthwith be canceled. Until so surrendered, each outstanding Papyrus Certificate that, prior to the Effective Time, represented Papyrus Shares will be deemed from and after the Effective Time, for all corporate purposes, other than the following against payment of dividends, to evidence the ownership of the number of full Merger Shares and the cash consideration described in this Section 2.4(l)(iii). (iv) If any Papyrus Certificates shall have been lost, stolen or destroyed, the Exchange Agent shall issue in exchange for such lost, stolen or destroyed Papyrus Certificates, upon the making of an affidavit of that fact by the holder thereof, such Merger Consideration as may be required pursuant to this Section 2.4. (v) Any portion of the Merger Consideration to be issued in exchange for such certificate(s), Vested Option Documents or Warrants Documents: (i) the certificate(s) that represented his, her or its Target Shares; (ii) the Vested Option Documents; or (iii) the Warrants Documents. (b) Upon the surrender of a certificate(s) representing Target Shares to the Paying Agent, together with the applicable letter of transmittal, duly executed, and such other documents as may be required, the Paying Agent will pay to such a holder of Target Shares, in exchange for the delivered certificate(s), cash in an amount equal to the product of the following: (i) the number of Target Shares evidenced by such certificate(s), multiplied by (ii) the Per Share Cash Amount. (c) Upon the surrender of Vested Option Documents representing Vested Options or Warrant Documents representing Warrants, as applicable, together with the applicable letter of transmittal in the case of a holder of Warrants or the Vested Option Cancellation Agreement in the case of a holder of Vested Options, duly executed, and such other documents as may be required, the Paying Agent in the case of a holder of Warrants or the Surviving Corporation in the case of a holder of Vested Options will, as applicable, pay to such holder, cash in an amount equal to the following: (i) the product of (A) the number of Target Shares issuable pursuant to each Vested Option or Warrant evidenced by the delivered Vested Option Documents or Warrants Documents, as applicable; multiplied by (B) the Adjusted Per Share Cash Amount for such Vested Option or Warrant; and less (ii) any applicable withholding Taxes. (d) Immediately after the Paying Agent receives any funds for distribution to the Target Equityholders, including pursuant to Sections 2.4(e) or 2.7(d)(i) of this Agreement from the Parent, pursuant to Section 10.3 of this Agreement from the Shareholders’ Representative, pursuant to the Escrow Agreement from the Escrow Agent following the release of the Remaining Escrow, if any, the Paying Agent will pay to each Target Equityholder who satisfied the requirements set forth in Sections 2.5(b) or 2.5(c) of this Agreement, as applicable, cash in an amount, after subtraction of any applicable withholding Taxes, equal to the product of the following: (i) the quotient of (A) the funds delivered to the Exchange Paying Agent which remains undistributed by the Parent in satisfaction of any of the foregoing; divided by (B) the Total Target Share Number, multiplied by (ii) the number of Target Shares formerly held by (or formerly available for issuance to) such Target Equityholder. Any funds delivered to the Papyrus Stockholders one hundred eighty Paying Agent that are in excess of the amount that is required to be paid to Target Equityholders will promptly be paid over to the Surviving Corporation. (180e) The Parent will cause the Paying Agent to pay over to the Surviving Corporation any cash (including any earnings thereon) remaining 365 days after the Effective Time shall be delivered to Buyer, upon demandPaying Agent received any such amount, and any Papyrus Stockholders who have not previously complied with this Section 2.4 shall thereafter all Target Equityholders will be entitled to look only to Buyer for payment of their claim for the Merger Consideration. (vi) Notwithstanding anything to the contrary in this Agreement, none of the Exchange Agent, the Surviving Corporation or any party hereto shall be liable (subject to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat and other similar laws) as general unsecured creditors with respect to any amounts then owed to such Target Equityholders pursuant to this Section 2, as applicable, payable upon surrender of certificate(s) representing his, her or similar lawits Target Shares or Vested Options Documents or Warrants Documents representing his, her or its Vested Options or Warrants, as applicable. (vii) Buyer shall pay all charges and expenses of the Exchange Agent.

Procedure for Payment. (i) Immediately after At the Effective Time Buyer Closing, Parent will furnish to Durhamdeposit, Evans, Jones & Pinegar, P.C. (▇▇▇ "Ex▇▇▇▇▇▇ Agent") (A) stock certificates (issued in the names of the Papyrus Stockholders or their nominees) representing that number of whole Merger Shares issuable to the Papyrus Stockholders equal to the product of (I) the Exchange Ratio times (II) the number of outstanding Papyrus Shares held of record by each Papyrus Stockholder, less the number of Merger Shares cause to be deposited with U.S. Bank, National Association (the “Exchange Agent”) in cash (the “Payment Fund”) an amount sufficient in the Escrow Fund on such holder's behalf pursuant aggregate for the Exchange Agent to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(f), and (B) checks representing presently available funds payable to the Papyrus Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount make full payment of the Cash Payment which such holder has the right to receive amounts due at Closing in accordance with Section 2.4(e2(e)(v) in respect (assuming compliance with the terms hereof by all holders of Papyrus Shares formerly evidenced Company Shares) and Section 2(e)(vii) (assuming compliance with the terms hereof by such tendered certificateall holders of Company Options and Company Warrants, (2) any dividends or other distributions to which such holder is entitled pursuant to including Section 2.4(m2(e)(vii)(C), (3) cash (without interest) in respect of fractional shares ). As soon as provided in Section 2.4(i)practicable following the Closing, and in any event within five (45) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f)Business Days thereafter, and (C) the Buyer Note(s) (collectively such Merger Shares, the Buyer Note(s) and cash consideration, "Merger Consideration"). (ii) Buyer shall Parent will cause the Exchange Agent to mail a letter of transmittal (with instructions for its use) in the form attached hereto as Exhibit B, together with such other customary documents as may F (a “Letter of Transmittal”) to be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 mailed to each record holder of outstanding Papyrus Company Shares for the holder to use in surrendering the certificates which represent his that represented his, her, or its Papyrus Company Shares in exchange for against payment of the Merger Consideration payable to amount due such holder. (iii) . Upon surrender of certificates by a holder representing his, her, or its Company Shares for cancellation to Parent or the Exchange Agent of a Papyrus Certificate for cancellationAgent, together with such letter a Letter of transmittal and other documentsTransmittal, duly completed and validly executed in accordance with the instructions thereto, and such other documents as may reasonably be required by the holder Exchange Agent (including any required Internal Revenue Service Form W-9 or Form W-8), the holders of such Papyrus Shares certificates shall be entitled to receive in exchange therefor a certified check or wire transfer in the amount of U.S. dollars representing the applicable portion of the Merger Consideration payable that such holders have the right to such Holder. Upon delivery of such payment receive at the Closing pursuant to Section 2(e)(v), and the Papyrus Stockholder, the Papyrus Certificate certificates so surrendered shall forthwith be canceledcancelled. Until so surrenderedAny Company Stockholder that surrenders certificates representing his, each outstanding Papyrus Certificate thather, prior or its Company Shares for cancellation, together with a Letter of Transmittal, in accordance with the preceding sentence shall be entitled to be paid the Effective Time, represented Papyrus Shares will be deemed from and after the Effective Time, for all corporate purposes, other than the payment of dividends, to evidence the ownership of the number of full Merger Shares and the cash consideration described in this Section 2.4(l)(iii). (iv) If any Papyrus Certificates shall have been lost, stolen or destroyed, the Exchange Agent shall issue in exchange for such lost, stolen or destroyed Papyrus Certificates, upon the making of an affidavit of that fact by the holder thereof, such Merger Consideration as may be required pursuant to this Section 2.4. (v) Any applicable portion of the Merger Consideration delivered that such holder has the right to receive at the Closing pursuant to Section 2(e)(v) at the Closing. No interest will accrue or be paid to the holder of any outstanding Company Shares. (ii) The Exchange Agent which remains undistributed to shall hold the Papyrus Stockholders one hundred eighty (180) days after cash in the Effective Time shall be delivered to Buyer, upon demand, Payment Fund in trust and any Papyrus Stockholders who have not previously complied pay out such cash in accordance with this Section 2.4 2. Any interest produced by cash deposited into the Payment Fund shall thereafter look only be payable to Buyer the Surviving Corporation or Parent, as directed by Parent. The Surviving Corporation shall pay all charges and expenses, including those of the Exchange Agent, incurred in connection with the exchange of Company Shares for payment of their claim for the Merger Consideration. (viiii) Notwithstanding anything Parent may cause the Exchange Agent to the contrary in this Agreement, none pay over to Surviving Corporation any portion of the Exchange AgentPayment Fund remaining five (5) Business Days after the six-month anniversary of the Effective Time, the and thereafter all former stockholders shall be entitled to look to Surviving Corporation or any party hereto shall be liable (subject to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or escheat, and other similar lawlaws) as general creditors thereof with respect to the cash upon surrender of their certificates. (vii) Buyer shall pay all charges and expenses of the Exchange Agent.

Procedure for Payment. (i) Immediately after Simultaneously with and as a condition to the Effective Time Buyer will furnish to Durham, Evans, Jones & Pinegar, P.C. (▇▇▇ "Ex▇▇▇▇▇▇ Agent") Time: (A) stock certificates the Buyer will furnish, or will cause the Surviving Corporation to furnish, to a commercial bank or trust company or similar financial institution mutually acceptable to Buyer and the Company (issued the "PAYING AGENT") a corpus (the "PAYMENT FUND") consisting of cash sufficient in the names aggregate for the Paying Agent to make full payment of the Papyrus Stockholders or their nominees) representing that number of whole Merger Shares issuable Consideration to the Papyrus Stockholders equal to holders of all of the product of outstanding Company Shares (I) the Exchange Ratio times (II) the number of outstanding Papyrus other than any Dissenting Shares held of record by each Papyrus Stockholder, less the number of Merger Shares to be deposited in the Escrow Fund on such holder's behalf pursuant to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(fBuyer-owned Shares), ; and (B) checks representing presently available funds payable to the Papyrus Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount of the Cash Payment which such holder has the right to receive in accordance with Section 2.4(e) in respect of Papyrus Shares formerly evidenced by such tendered certificate, (2) any dividends or other distributions to which such holder is entitled pursuant to Section 2.4(m), (3) cash (without interest) in respect of fractional shares as provided in Section 2.4(i), and (4) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f), and (C) the Buyer Note(s) (collectively such Merger Shares, the Buyer Note(s) and cash consideration, "Merger Consideration"). (ii) Buyer shall will cause the Exchange Paying Agent to mail a letter of transmittal (with instructions for its use) in form reasonably acceptable to each of the form attached hereto Company and the Buyer to each record holder of outstanding Company Shares for the holder to use in surrendering the certificates which represented his, her or its Company Shares against payment of the Merger Consideration. No interest will accrue or be paid to the holder of any outstanding Company Shares. (ii) The Paying Agent shall, pursuant to irrevocable instructions, pay the Merger Consideration out of the Payment Fund as Exhibit B, soon as practicable after the Effective Time. Upon surrender of a certificate representing Company Shares for cancellation to the Paying Agent together with a letter of transmittal, duly executed, or an "agents message" in the case of a book entry transfer, and such other customary documents as may be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 to each record holder of outstanding Papyrus Shares for the holder to use in surrendering the certificates which represent his or its Papyrus Shares in exchange for the Merger Consideration payable to such holder. (iii) Upon surrender to the Exchange Agent of a Papyrus Certificate for cancellation, together with such letter of transmittal and other documents, duly completed and validly executed in accordance with the instructions thereto, the holder of such Papyrus Shares certificate shall be entitled to receive in exchange therefor respect thereof cash in an amount equal to the product of (1) the number of Company Shares formerly represented by such certificate, multiplied by (2) $5.85. If any holder of a certificate shall be unable to surrender such holder's certificates because such certificates have been lost, mutilated or destroyed, such holder may deliver in lieu thereof an affidavit and indemnity bond in form and substance and with surety reasonably satisfactory to the Surviving Corporation. (iii) The Buyer may cause the Paying Agent to invest the cash included in the Payment Fund in one or more of the permitted investments set forth on EXHIBIT E attached hereto; PROVIDED, HOWEVER, that the terms and conditions of the investments shall be such as to permit the Paying Agent to make prompt payment of the Merger Consideration payable as necessary. The Buyer may cause the Paying Agent to such Holder. Upon delivery of such payment pay over to the Papyrus Stockholder, the Papyrus Certificate so surrendered shall forthwith be canceled. Until so surrendered, each outstanding Papyrus Certificate that, prior Surviving Corporation any net earnings with respect to the Effective Timeinvestments, represented Papyrus Shares and the Buyer will be deemed from and replace, or will cause the Surviving Corporation to replace, promptly any portion of the Payment Fund which the Paying Agent loses through investments. (iv) The Buyer may cause the Paying Agent to pay over to the Surviving Corporation any portion of the Payment Fund (including any earnings thereon) remaining 180 days after the Effective Time, for and thereafter all corporate purposesformer stockholders shall be entitled to look to the Surviving Corporation (subject to abandoned property, escheat, and other than the payment of dividends, similar laws) as general creditors thereof with respect to evidence the ownership of the number of full Merger Shares and the cash consideration described in this Section 2.4(l)(iii). (iv) If any Papyrus Certificates shall have been lost, stolen or destroyed, the Exchange Agent shall issue in exchange for such lost, stolen or destroyed Papyrus Certificates, payable upon the making surrender of an affidavit of that fact by the holder thereof, such Merger Consideration as may be required pursuant to this Section 2.4their certificates. (v) Any portion of the Merger Consideration delivered to the Exchange Agent which remains undistributed to the Papyrus Stockholders one hundred eighty (180) days after the Effective Time The Buyer shall be delivered to Buyer, upon demand, and any Papyrus Stockholders who have not previously complied with this Section 2.4 shall thereafter look only to Buyer for payment of their claim for the Merger Consideration. (vi) Notwithstanding anything to the contrary in this Agreement, none of the Exchange Agent, cause the Surviving Corporation or any party hereto shall be liable to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar law. (vii) Buyer shall pay all charges and expenses of the Exchange Paying Agent.

Procedure for Payment. (ia) Immediately after the Effective Time Buyer will furnish to Durham, Evans, Jones & Pinegar, P.C. (▇▇▇ "Ex▇▇▇▇▇▇ Agent") (A) stock certificates (issued in the names of the Papyrus Stockholders or their nominees) representing that number of whole Merger Shares issuable to the Papyrus Stockholders equal to the product of (I) the Exchange Ratio times (II) the number of outstanding Papyrus Shares held of record by each Papyrus Stockholder, less the number of Merger Shares to be deposited in the Escrow Fund on such holder's behalf pursuant to Article 7 hereof, and subject to any adjustment in such number resulting from Section 2.4(f), and (B) checks representing presently available funds payable to the Papyrus Stockholders in amounts equal to the sum of (1) cash (without interest) in the amount of the Cash Payment which such holder has the right to receive in accordance with Section 2.4(e) in respect of Papyrus Shares formerly evidenced by such tendered certificate, (2) any dividends or other distributions to which such holder is entitled pursuant to Section 2.4(m), (3) cash (without interest) in respect of fractional shares as provided in Section 2.4(i), and (4) any additional cash payment payable to any Unqualified Stockholder or Sophisticated Stockholder pursuant to Section 2.4(f), and (C) the Buyer Note(s) (collectively such Merger SharesTime, the Buyer Note(s) and cash consideration, "Merger Consideration"). (ii) Buyer shall Parent will cause the Exchange Paying Agent to mail a letter of transmittal (with instructions for its use) substantially in the form of the attached hereto as Exhibit B, together with such other customary documents as may be required pursuant to such instructions, including without limitation, a Form W-9 or W-8 D to each record holder of outstanding Papyrus Shares Target Stock for the such holder to use in surrendering the certificates which represent his certificate(s) that represented his, her or its Papyrus Shares Target Stock against payment of that portion of the Merger Consideration to be issued in exchange for the Merger Consideration payable to such holdercertificate(s). (iiib) Upon the surrender of a certificate(s) by a Series D Holder to the Exchange Agent of a Papyrus Certificate for cancellationPaying Agent, together with such letter of transmittal and other documentstransmittal, duly completed executed, and validly executed in accordance with such other documents as may be required, within five business days the instructions theretoPaying Agent will pay to the Series D Holder, the holder of such Papyrus Shares shall be entitled to receive in exchange therefor the Merger Consideration payable to for such Holder. Upon delivery of such payment certificate(s), cash in an amount equal to the Papyrus Stockholder, the Papyrus Certificate so surrendered shall forthwith be canceled. Until so surrendered, each outstanding Papyrus Certificate that, prior to the Effective Time, represented Papyrus Shares will be deemed from and after the Effective Time, for all corporate purposes, other than the payment of dividends, to evidence the ownership product of the number of full Merger Shares and shares evidenced by such certificate(s) times the cash consideration described in this Section 2.4(l)(iii)Per Share Series D Cash Amount. (ivc) If any Papyrus Certificates shall have been lostImmediately after the Paying Agent receives the Remaining Escrow, stolen or destroyedif any, the Exchange Paying Agent shall issue will pay to each Series D Holder who satisfied the requirements set forth in exchange for Section 2.5(b) of this Agreement cash in an amount equal to the product of the number of shares evidenced by such certificate(s) times the Per Share Series D Escrow Amount. (d) The Parent may cause the Paying Agent to pay over to the Surviving Corporation any portion (including any earnings) of the Merger Consideration remaining 150 days after the Paying Agent received each such amount, and thereafter all former Series D Holders will be entitled to look to the Surviving Corporation (subject to abandoned property, escheat and other similar laws) as general creditors with respect to any Merger Consideration then owed to such former Series D Holder, as applicable, payable upon surrender of certificate(s) representing his, her or its Target Stock (or the affidavit of lost, stolen or destroyed Papyrus Certificates, upon the making of an affidavit of that fact by the holder thereof, such Merger Consideration stock certificate as may be required described and pursuant to this the terms of Section 2.4. (v2.6(c) Any portion of the Merger Consideration delivered to the Exchange Agent which remains undistributed to the Papyrus Stockholders one hundred eighty (180) days after the Effective Time shall be delivered to Buyer, upon demand, and any Papyrus Stockholders who have not previously complied with this Section 2.4 shall thereafter look only to Buyer for payment of their claim for the Merger Consideration. (vi) Notwithstanding anything to the contrary in this Agreement, none of the Exchange Agent, the Surviving Corporation or any party hereto shall be liable to any person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar law). (vii) Buyer shall pay all charges and expenses of the Exchange Agent.