Common use of Closing and Closing Deliveries Clause in Contracts

Closing and Closing Deliveries. 10 Section 3.1 Closing; Time and Place 10 Section 3.2 Closing Deliveries by Seller 10 Section 3.3 Closing Deliveries by Purchaser 11 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER 12 Section 4.1 Organization, Good Standing, Qualification 12 Section 4.2 Authority of Seller 12 Section 4.3 Subsidiaries 13 Section 4.4 Seller Financial Statements and Internal Controls 14 Section 4.5 Liabilities 15 Section 4.6 Absence of Certain Changes 15 Section 4.7 Real Property; Leases 16 Section 4.8 Title to Property 16 Section 4.9 Intellectual Property 17 Section 4.10 Product Warranties; Defects; Liabilities 19 Section 4.11 Contracts 19 Section 4.12 Change of Control Payments 21 Section 4.13 Interested Party Transactions 21 Section 4.14 Compliance with Laws 21 Section 4.15 Litigation 21 Section 4.16 Insurance 22 Section 4.17 Environmental Matters 22 Section 4.18 Brokers’ and Finders’ Fees 22 Section 4.19 Employee Benefit Plans 22 Section 4.20 Employment Matters 23 Section 4.21 Tax Matters 24 Section 4.22 Governmental Approval 24 Section 4.23 Opinion of Financial Advisor 25 Section 4.24 Compliance with OFAC 25 Section 4.25 Information Supplied 25 Section 4.26 Existing Confidentiality Agreements 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER 25 Section 5.1 Organization of Purchaser 25 Section 5.2 Authority 25 Section 5.3 No Conflict 26 Section 5.4 Sufficient Funds 26 Table of Contents Section 5.5 Information Supplied 26 Section 5.6 No Other Seller Representations or Warranties 26

Closing and Closing Deliveries. 10 Section 3.1 Closing; Time and Place 10 Section 3.2 Closing 28 9.2 Deliveries by Seller 10 Section 3.3 Closing Sellers 28 9.3 Deliveries by Purchaser 11 Buyer 29 ARTICLE 4 X 30 RIGHTS OF BUYER AND SELLERS 30 10.1 Termination 30 10.2 Effect of Termination 31 10.3 Specific Performance 31 ARTICLE XI 31 SURVIVAL OF REPRESENTATIONS AND WARRANTIES OF SELLER 12 Section 4.1 Organization, Good Standing, Qualification 12 Section 4.2 Authority 31 11.1 Representations and Warranties 31 11.2 Indemnification by Sellers 31 11.3 Indemnification by Buyer 32 11.4 Procedure for Indemnification 32 11.5 Right of Seller 12 Section 4.3 Subsidiaries 13 Section 4.4 Seller Financial Statements Offset 33 ARTICLE XII 34 MISCELLANEOUS 34 12.1 Notices 34 12.2 Benefit and Internal Controls 14 Section 4.5 Liabilities 15 Section 4.6 Absence Binding Effect 35 12.3 Headings 35 12.4 Gender and Number 35 12.5 Counterparts 35 12.6 Entire Agreement 35 12.7 Amendment 36 12.8 Severability 36 12.9 Governing Law; Consent to Jurisdiction and Venue 36 12.10 Cumulative Remedies 36 SCHEDULE 2.8 39 Xxxxxx Xxxxxx 39 EXHIBITS Exhibit A - Form of Certain Changes 15 Section 4.7 Real Property; Leases 16 Section 4.8 Title to Property 16 Section 4.9 Intellectual Property 17 Section 4.10 Product Warranties; Defects; Liabilities 19 Section 4.11 Contracts 19 Section 4.12 Change Xxxx of Control Payments 21 Section 4.13 Interested Party Transactions 21 Section 4.14 Compliance with Laws 21 Section 4.15 Litigation 21 Section 4.16 Insurance 22 Section 4.17 Environmental Matters 22 Section 4.18 Brokers’ Sale Exhibit B - Form of Assignment and Finders’ Fees 22 Section 4.19 Employee Benefit Plans 22 Section 4.20 Assumption Agreement Exhibit C-1 - Form of Copyright Assignment Exhibit C-2 - Form of Trademark Assignment Exhibit D - Form of Seller’s Certificate Exhibit E - Form of Buyer’s Certificate Exhibit F - Form of Employment Matters 23 Section 4.21 Tax Matters 24 Section 4.22 Governmental Approval 24 Section 4.23 Opinion of Financial Advisor 25 Section 4.24 Compliance with OFAC 25 Section 4.25 Information Supplied 25 Section 4.26 Existing Confidentiality Agreements 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER 25 Section 5.1 Organization of Purchaser 25 Section 5.2 Authority 25 Section 5.3 No Conflict 26 Section 5.4 Sufficient Funds 26 Table of Contents Section 5.5 Information Supplied 26 Section 5.6 No Other Seller Representations or Warranties 26Agreement

Closing and Closing Deliveries. 10 Section 3.1 Closing; Time and Place 10 Section 22 3.2 Closing Deliveries by Seller 10 Section 23 3.3 Closing Deliveries by Purchaser 11 24 3.4 Payment Mechanics 24 3.5 Local Share Transfer Agreements 24 ARTICLE 4 IV REPRESENTATIONS AND WARRANTIES OF SELLER 12 Section 4.1 Authority; Enforceability 25 4.2 Non-Contravention; Consents 25 4.3 Organization, Good Standing, Qualification 12 Section 4.2 Authority of Seller 12 Section 4.3 Subsidiaries 13 Section ; Acquired Companies 26 4.4 Seller Title; Equity Interests 27 4.5 Financial Statements and Internal Controls 14 Section 4.5 Information; Liabilities 15 Section 27 4.6 Absence of Certain Changes 15 Section 28 4.7 Real Property; Leases 16 Section Compliance with Legal Requirements 28 4.8 Title to Property 16 Section Material Contracts 28 4.9 Litigation 29 4.10 Intellectual Property 17 Section 4.10 Product Warranties; Defects; Liabilities 19 Section 30 4.11 Contracts 19 Section Real Property 33 4.12 Change Labor Matters 36 4.13 Employee Benefits 39 4.14 Taxes 41 4.15 Sufficiency of Control Payments 21 Section 4.13 Interested Party Transactions 21 Section 4.14 Assets 44 4.16 Environmental Matters 44 4.17 Anti-Bribery Matters 45 4.18 Compliance with Customs and Trade Laws 21 Section 4.15 Litigation 21 Section 4.16 and Sanctions 45 4.19 Brokers 45 4.20 Insurance 22 Section 4.17 Environmental Matters 22 Section 4.18 Brokers’ and Finders’ Fees 22 Section 4.19 Employee Benefit Plans 22 Section 4.20 Employment Matters 23 Section 45 4.21 Tax Matters 24 Section Accounts Receivable 46 4.22 Governmental Approval 24 Section Inventory 46 4.23 Opinion Certain Guarantees 46 4.24 Disclaimer of Financial Advisor 25 Section 4.24 Compliance with OFAC 25 Section 4.25 Information Supplied 25 Section 4.26 Existing Confidentiality Agreements 25 Seller 46 ARTICLE 5 V REPRESENTATIONS AND WARRANTIES OF PURCHASER 25 Section 5.1 Authority; Enforceability 47 5.2 Non-Contravention; Consents 47 5.3 Organization of Purchaser 25 Section 5.2 Authority 25 Section 5.3 No Conflict 26 Section 48 5.4 Sufficient Funds 26 Table of Contents Section Litigation 48 5.5 Information Supplied 26 Section Securities Matters 48 5.6 Financing 49 5.7 Guarantee 50 5.8 Solvency 50 5.9 Brokers 51 5.10 Pending Transactions 51 5.11 Inspection; No Other Seller Representations or Warranties 2651 ARTICLE VI COVENANTS OF THE PARTIES

Closing and Closing Deliveries. 10 Section 3.1 ‌ 13 4.1 Closing; Time and Place 10 Section 3.2 Closing ‌ 13 4.2 Deliveries by Seller 10 Section 3.3 Closing Entities ‌ 13 4.3 Deliveries by Purchaser 11 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER 12 Section 4.1 Organization, Good Standing, Qualification 12 Section 4.2 Authority of Seller 12 Section 4.3 Subsidiaries 13 Section 4.4 Seller Financial Statements and Internal Controls ‌ 14 Section 4.5 Liabilities 15 Section 4.6 Absence of Certain Changes 15 Section 4.7 Real Property; Leases 16 Section 4.8 Title to Property 16 Section 4.9 Intellectual Property 17 Section 4.10 Product Warranties; Defects; Liabilities 19 Section 4.11 Contracts 19 Section 4.12 Change of Control Payments 21 Section 4.13 Interested Party Transactions 21 Section 4.14 Compliance with Laws 21 Section 4.15 Litigation 21 Section 4.16 Insurance 22 Section 4.17 Environmental Matters 22 Section 4.18 Brokers’ and Finders’ Fees 22 Section 4.19 Employee Benefit Plans 22 Section 4.20 Employment Matters 23 Section 4.21 Tax Matters 24 Section 4.22 Governmental Approval 24 Section 4.23 Opinion of Financial Advisor 25 Section 4.24 Compliance with OFAC 25 Section 4.25 Information Supplied 25 Section 4.26 Existing Confidentiality Agreements 25 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER 25 Section SELLER ‌ 15 5.1 Organization and Good Standing ‌ 15 5.2 Financial Information ‌ 15 5.3 Purchased Inventory ‌ 15 5.4 Absence of Purchaser Changes ‌ 16 5.5 Taxes ‌ 18 5.6 Solvency; No Fraudulent Conveyance ‌ 19 5.7 Reserved ‌ 19 i ​ ​ 5.8 Intellectual Property ‌ 19 5.9 Authority; Binding Nature of Agreements ‌ 22 5.10 No Conflicts; Required Consents ‌ 23 5.11 Material Contracts ‌ 23 5.12 Insurance ‌ 25 Section 5.2 Authority 25 Section 5.3 5.13 Real Property ‌ 26 5.14 Environmental Matters ‌ 26 5.15 Compliance with Laws ‌ 26 5.16 Product Liability; Governmental Approvals ‌ 26 5.17 Proceedings and Orders ‌ 27 5.18 Title, Condition and Sufficiency of Assets ‌ 27 5.19 Brokers ‌ 28 5.20 Regulatory Matters. ‌ 28 5.21 Full Disclosure ‌ 31 ARTICLE 6 REPRESENTATIONS AND WARRANTIES OF PURCHASER ‌ 31 6.1 Organization and Good Standing ‌ 31 6.2 Authority; Binding Nature of Agreements ‌ 31 6.3 No Conflict 26 Section 5.4 Conflicts; Required Consents ‌ 32 6.4 Sufficient Funds 26 Table Funds; Note Purchase Agreement ‌ 32 6.5 Proceedings and Orders ‌ 33 6.6 Brokers ‌ 33 6.7 Condition of Contents Section 5.5 the Business. ‌ 33 ARTICLE 7 PRE-CLOSING COVENANTS ‌ 33 7.1 Conduct of the Business Prior to Closing ‌ 33 7.2 No Solicitation ‌ 34 7.3 Access to Information Supplied 26 Section 5.6 No Other Seller Representations or Warranties 26‌ 35 7.4 Commercially Reasonable Efforts ‌ 35 7.5 Governmental Review ‌ 35 7.6 Consents ‌ 36 7.7 Regulatory Matters. ‌ 37 7.8 Note Purchase Agreement and Convertible Promissory Note Purchase Agreement. ‌ 37 7.9 Cooperation. ‌ 38 7.10 Transitional Trademark License ‌ 39 ARTICLE 8 POST-CLOSING COVENANTS ‌ 40 ii ​ ​