Company Name Cloverleaf Communications
Mailing Address 3 Crossways Park Drive Woodbury, NY 11797
Company Description Cloverleaf Communications develops data storage systems. The Cloverleaf iSN is an intelligent storage management network system that can work with multiple types of data storage and with computer servers running the Linux, UNIX, and Windows operating systems.
M&A Terms Under the terms of the agreement, Dot Hill will purchase the company for cash of $2.5 million plus approximately $9.5 million inshares of unregistered Dot Hill common stock based on the 30 day trailing average closing price of the common stock as ofDecember 31, 2009. Additional details of the transaction have been provided in the Current Report on Form 8-K filed today byDot Hill with the Securities and Exchange Commission.