Agenda 
June 1, 2006

0800 
Recruit Processing, Networking & Continental Breakfast

0825 
Roll Call

Mergers & Acquisitions Session

0830
Conducting Due Diligence into M&A Deals 

• Determination of criteria versus opportunistic acquisitions
• Managing and compensating your M&A team
• The role of investment bankers
• Scrutiny of principals and analysis of current and former shareholders
• Disclosures and representations
• Gathering information while complying with confidentiality agreements

Moderator:  James L. Sullivan, National Director, DataSite, Merrill Corporation

Panelists: Robert FX Fusaro, (former) VP of M&A, Praxair, Inc.
                Eric Steager, Senior Associate, Safeguard Scientifics, Inc.
Panelists: David G. Monderer, Vice President, Eastman Kodak Company
                Ron Laurie, Managing Director, Inflexion Point Strategy, LLC
                Christian Oberbeck, Managing Director, Saratoga Partners

0930
Integration Issues

• Reorganizing organizational charts
• Sales-force management – rebalancing commission schedules, territories and customers
• Corporate cultural integration
• Locationing issues
• Calibrating compensation and benefits packages
• Information technology and data management
• Minimizing customer defections

Panelists: Terence Bentley, VP Corporate Development, Starlight Resources
                Seth D. Shepetin, Principal, Katzenbach Partners, LLC
                Harvey Mallement, Senior Managing Director, Harvest Partners

1015 
Networking Break

1045 
Legal Issues Associated with Mergers & Acquisitions

• Assumption of Liabilities of Target Entity 
• Post-Closing Indemnification by the Sellers
• Conditions to Closing of Transaction 
• Treatment of Employees 
• Non-Compete/No Solicitation (of Customers and Employees) Agreement 
• Break-Up Fees/Reverse Break Up Fees 
• Post-Closing Earn-Out as Additional Consideration 
• Consideration of Minority Shareholder Rights

1130 
Valuing and Structuring the Deal

This session will focus on scrutinizing financials such as revenue recognition and revenue smoothing; accounts receivables; inventory accounting; depreciation schedules; working capital levels; and, funding of pension obligations. This discussion will also focus on financing strategies using instruments such as cash; restricted and unrestricted stock; performance notes; earn-outs; escrows and indemnifications.

Moderator: David Wanetick, Managing Director, IncreMental Advantage

Panelists: Robert A. Tyre, VP - Corporate Development, Dover Corporation
                Alexander Friedman, Director, Investment Banking and Coordinator, 
                       U.S. Financial Sponsor Group, Lazard Freres & Co. LLC
                Tomer Regev, VP Investment Banking Division, Morgan Stanley
                Kenneth P. Kramer, Managing Director, American Appraisal Capital Services

1230
Lunch

Intellectual Property Session

1345
Best Practices for In-Licensing 

• Determining scope and performance thresholds of licensing agreement
• Negotiating royalty rates
• Obtaining other items (samples, support, customer lists) to make the licensing arrangement successful
• Using IP to bring business opportunities in-house
• Structuring cross-licenses

Moderator: David Wanetick, Managing Director, IncreMental Advantage

Panelists:  Raymond Parker III, Associate Vice President & Head, Internal Medicine, 
                        Aventis Pharmaceuticals
                  Sherry L. Jetter, Esq., VP - Intellectual Property & Legal Affairs, 
                        Polo Ralph Lauren Corporation

1415 
The Strategic Impact of Patent Brokerage on Company Interests

• Developing a powerful response to patent attacks
• Planning to ensure future freedom of action
• Developing a strategic patent position to support market activities
• Monetizing patent assets

Speaker: Dan McCurdy, President & CEO, ThinkFire    

        
1445 
Best Practices for Out-Licensing

• Determining which technologies to out-license
• Appropriate role of indemnifications
• Evaluating licensees
• Setting standards
• Muting rivals research and development efforts
• Merits of giving away IP or offering royalty-free licenses

Moderator: Andrew Pickup, President, The Wall Street Transcript

Panelists: Ruth Hay, Assistant General Counsel, Nationwide Insurance Company
                Matthew McCooe, Director, New Ventures, 
                      Columbia University Science and Technology Ventures 
                Ramana Jampala, Partner, SAS Investors
                Gus G. Orphanides, Ph.D., Director of Licensing, Air Products and Chemicals, Inc. 

1545 
Networking Break

1600 
Alternative Strategic Methods of Leveraging Intellectual Property 

• Overview of securitization
• Using IP to block rivals
• Designing IP strategy to maximize market share and product pricing
• Using IP litigation to advance business objectives
• Preempting IP lawsuits and frustrating patent trolls
• Achieving higher productivity from research staff 

Moderator:  Ron Laurie, Managing Director, Inflexion Point Strategy, LLC

Panelists:  William J. Cotreau, Sr. Counsel, E.I. DuPont de Nemours & Co.
                 Winston Chang, Director, Standard & Poor's
                 Carol Beckham, Vice President, BellSouth IP Marketing and Management Corp.
                 Alisa D. Hurlburt, Senior Counsel Trademarks and Copyrights, Philip Morris, USA

1700
Fallout & Cocktail Reception
Sponsored by Merrill Corporation

*agenda is subject to change