Common use of PURCHASE AND SALE 1 Clause in Contracts

PURCHASE AND SALE 1. Section 1.1 Purchase and Sale 1 Section 1.2 Assets 1 Section 1.3 Excluded Assets 3 Section 1.4 Effective Time 4 ARTICLE 2 PURCHASE PRICE 6 Section 2.1 Purchase Price 6 Section 2.2 Adjustment to Purchase Price 6 Section 2.3 Allocation of Purchase Price 7 Section 2.4 Earn-Out 7 ARTICLE 3 POST-CLOSING CONSENTS 8 Section 3.1 Post-Closing Consents 8 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER 9 Section 4.1 Existence and Qualification 9 Section 4.2 Power 9 Section 4.3 Authorization and Enforceability 9 Section 4.4 No Conflicts 9 Section 4.5 Broker’s or Finder’s Fees 9 Section 4.6 Leases and Unit 9 Section 4.7 Compliance with Laws 10 Section 4.8 Environmental Matters 10 Section 4.9 Preferential Purchase Rights and Material Required Consents 10 Section 4.10 Litigation 10 Section 4.11 Bankruptcy 11 Section 4.12 Taxes 11 Section 4.13 Certain Disclaimers 11 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER 12 Section 5.1 Existence 12 Section 5.2 Power 12 Section 5.3 Authorization and Enforceability 12 Section 5.4 No Conflicts 13 Section 5.5 Broker’s and Finder’s Fees 13 Section 5.6 Bankruptcy 13

PURCHASE AND SALE 1. Section 1.1 2.1 Purchase and Sale of the Purchased Interests 1 Section 1.2 Assets 1 2.2 Closing 2 Section 1.3 Excluded Assets 3 2.3 Transactions to Be Effected at the Closing 2 Section 1.4 Effective Time 4 ARTICLE 2 PURCHASE PRICE 6 Section 2.1 2.4 Purchase Price 6 Adjustment 4 Section 2.2 Adjustment to Purchase Price 6 Section 2.3 Allocation of Purchase Price 7 Section 2.4 Earn-Out 2.5 Withholding 7 ARTICLE 3 POST-CLOSING CONSENTS 8 Section 3.1 Post-Closing Consents 8 ARTICLE 4 III REPRESENTATIONS AND WARRANTIES OF THE SELLER 7 Section 3.1 Organization and Existence 8 Section 3.2 Authority and Enforceability 8 Section 3.3 Capitalization of the Company; Title to Purchased Interests 8 Section 3.4 Company Subsidiaries 9 Section 4.1 Existence 3.5 Noncontravention 10 Section 3.6 Financial Statements 10 Section 3.7 Absence of Undisclosed Liabilities 11 Section 3.8 Absence of Changes 11 Section 3.9 Proceedings and Qualification 9 Orders 13 Section 4.2 Power 9 Section 4.3 Authorization and Enforceability 9 Section 4.4 No Conflicts 9 Section 4.5 Broker’s or Finder’s Fees 9 Section 4.6 Leases and Unit 9 Section 4.7 3.10 Compliance with Laws 10 Laws; Permits 13 Section 4.8 3.11 Material Contracts 15 Section 3.12 Real and Personal Property 17 Section 3.13 Employee Benefits 18 Section 3.14 Labor and Employment Matters 20 Section 3.15 Environmental Matters 10 21 Section 4.9 Preferential Purchase Rights 3.16 Insurance 22 Section 3.17 Taxes. 22 Section 3.18 Intellectual Property 24 Section 3.19 Affiliate Transactions 27 Section 3.20 Major Customers and Material Required Consents 10 Major Vendors 27 Section 4.10 Litigation 10 3.21 Brokers 28 Section 4.11 Bankruptcy 11 3.22 Product Liability 28 Section 4.12 Taxes 11 3.23 Accounts and Notes Receivable; Accounts Payable 28 Section 4.13 Certain Disclaimers 11 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER 12 3.24 Inventory 29 Section 5.1 Existence 12 Section 5.2 Power 12 Section 5.3 Authorization and Enforceability 12 Section 5.4 No Conflicts 13 Section 5.5 Broker’s and Finder’s Fees 13 Section 5.6 Bankruptcy 133.25 Disclaimer of Warranties 29

PURCHASE AND SALE 1. Section 1.1 Purchase and Sale of the Membership Interests 1 Section 1.2 Assets 1 Earn Out 5 Section 1.3 Excluded Assets 3 Section 1.4 Effective Time 4 ARTICLE 2 PURCHASE PRICE 6 Section 2.1 Purchase Price 6 Section 2.2 Adjustment to Purchase Price 6 Section 2.3 Allocation of Purchase Price 7 Section 2.4 Earn-Out Closing 7 ARTICLE 3 POST-CLOSING CONSENTS 8 Section 3.1 Post-Closing Consents 8 ARTICLE 4 II REPRESENTATIONS AND WARRANTIES OF SELLER THE COMPANY AND THE MEMBERS 8 Section 2.1 Organization, Etc 8 Section 2.2 Capitalization 8 Section 2.3 Authority Relative to this Agreement 9 Section 4.1 Existence 2.4 Consents and Qualification Approvals; No Violations 9 Section 4.2 Power 2.5 Financial Statements 9 Section 4.3 Authorization and Enforceability 9 2.6 No Undisclosed Liabilities; Discharge of Obligations 10 Section 4.4 No Conflicts 9 2.7 Absence of Certain Changes 10 Section 4.5 Broker’s or Finder’s Fees 9 Section 4.6 Leases and Unit 9 Section 4.7 2.8 Compliance with Laws 10 Law 11 Section 4.8 2.9 Material Contracts 11 Section 2.10 Permits 12 Section 2.11 Litigation 12 Section 2.12 Taxes 12 Section 2.13 Owned and Leased Properties; Sufficiency of Assets 14 Section 2.14 Intellectual Property; Personal Information 17 Section 2.15 Insurance 19 Section 2.16 Environmental Matters 10 19 Section 4.9 Preferential Purchase Rights 2.17 Employee and Material Labor Matters 21 Section 2.18 Employee Plans 21 Section 2.19 Brokers and Finders 23 Section 2.20 Member Vote Required Consents 10 23 Section 4.10 Litigation 10 2.21 Absence of Questionable Payments 23 Section 4.11 Bankruptcy 11 2.22 Books and Records 24 Section 4.12 Taxes 11 2.23 Bank Accounts; Powers of Attorney 24 Section 4.13 2.24 Customers and Suppliers 24 Section 2.25 Accounts Receivable 24 Section 2.26 Accounts Payable 24 Section 2.27 Certain Disclaimers 11 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PURCHASER 12 Transactions 24 Section 5.1 Existence 12 2.28 No Other Representations and Warranties. 25 Section 5.2 Power 12 Section 5.3 Authorization and Enforceability 12 Section 5.4 No Conflicts 13 Section 5.5 Broker’s and Finder’s Fees 13 Section 5.6 Bankruptcy 132.29 Disclosure 25

PURCHASE AND SALE 1. Section 1.1 SECTION 2.1. Purchase and Sale of the Shares 1 Section 1.2 SECTION 2.2. Purchase and Sale of the Assets 1 Section 1.3 Excluded Assets 3 Section 1.4 Effective Time 2 SECTION 2.3. Determination of Closing Date Net Working Capital Amount 2 SECTION 2.4. Adjustments 4 ARTICLE 2 PURCHASE PRICE 6 Section 2.1 Purchase Price 6 Section 2.2 Adjustment to Purchase Price 6 Section 2.3 SECTION 2.5. Allocation of Purchase Price 7 Section 2.4 Earn-Out 7 5 ARTICLE 3 POST-III THE CLOSING CONSENTS 8 Section 3.1 Post-5 SECTION 3.1. Closing Consents 8 Date 5 SECTION 3.2. Transactions to be Effected at the Closing 6 ARTICLE 4 IV REPRESENTATIONS AND WARRANTIES OF SELLER 9 Section 4.1 Existence and Qualification 9 Section 4.2 Power 9 Section 4.3 Authorization and Enforceability 9 Section 4.4 No Conflicts 9 Section 4.5 Broker’s or Finder’s Fees 9 Section 4.6 Leases and Unit 9 Section 4.7 Compliance with Laws 10 Section 4.8 Environmental Matters 10 Section 4.9 Preferential Purchase Rights and Material Required Consents 10 Section 4.10 Litigation 10 Section 4.11 Bankruptcy 11 Section 4.12 Taxes 11 Section 4.13 Certain Disclaimers 11 THE SELLERS 7 ARTICLE 5 V REPRESENTATIONS AND WARRANTIES OF PURCHASER GC, ASIA GC, GC NORTH AMERICA AND SATURN 10 SECTION 5.1. Organization and Standing 10 SECTION 5.2. Capital Stock and Share Capital of the Companies 10 SECTION 5.3. Subsidiaries 11 SECTION 5.4. Financial Statements 11 SECTION 5.5. Absence of Certain Changes 12 Section 5.1 SECTION 5.6. Litigation 14 SECTION 5.7. Compliance with Applicable Laws 14 SECTION 5.8. Material Contracts 14 SECTION 5.9. Intellectual Property 15 SECTION 5.10. Benefit Plans 16 SECTION 5.11. Taxes 19 SECTION 5.12. Environmental Matters 20 SECTION 5.13. Insurance 21 SECTION 5.14. Major Customers and Suppliers 22 SECTION 5.15. Labor Matters 22 SECTION 5.16. Product Warranty 22 SECTION 5.17. Fairness Opinions 23 SECTION 5.18. Certain IPC Entity Guarantees and Obligations 23 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE BUYER 23 SECTION 6.1. Organization and Existence 12 Section 5.2 Power 12 Section 5.3 23 SECTION 6.2. Authorization 23 SECTION 6.3. Consent and Enforceability 12 Section 5.4 No Conflicts 13 Section 5.5 Broker’s Filings 23 SECTION 6.4. Noncontravention 24 SECTION 6.5. Litigation 24 SECTION 6.6. Brokers and Finder’s Fees 13 Section 5.6 Bankruptcy 13Intermediaries 24 SECTION 6.7. Investment Intent 24 SECTION 6.8. Investigation 24 SECTION 6.9. Funding 24

PURCHASE AND SALE 1. Section 1.1 Purchase and Sale of the Membership Interests 1 Section 1.2 Assets 1 Working Capital Adjustment 2 Section 1.3 Excluded Assets 3 Section 1.4 Effective Time 4 Closing 2 ARTICLE 2 PURCHASE PRICE 6 Section 2.1 Purchase Price 6 Section 2.2 Adjustment to Purchase Price 6 Section 2.3 Allocation of Purchase Price 7 Section 2.4 Earn-Out 7 ARTICLE 3 POST-CLOSING CONSENTS 8 Section 3.1 Post-Closing Consents 8 ARTICLE 4 II REPRESENTATIONS AND WARRANTIES OF SELLER THE COMPANY AND THE MEMBER 3 Section 2.1 Organization, Etc 3 Section 2.2 Capitalization 3 Section 2.3 Authority Relative to this Agreement 3 Section 2.4 Consents and Approvals; No Violations 4 Section 2.5 Financial Statements 4 Section 2.6 No Undisclosed Liabilities; Discharge of Obligations 4 Section 2.7 Compliance with Law 4 Section 2.8 Material Contracts 5 Section 2.9 Litigation 5 Section 2.10 Taxes 5 Section 2.11 Owned and Leased Properties 6 Section 2.12 Intellectual Property; Personal Information 7 Section 2.13 Insurance 7 Section 2.14 Environmental Laws 7 Section 2.15 Employee and Labor Matters 8 Section 2.16 Employee Plans 8 Section 2.17 Brokers and Finders 9 Section 4.1 Existence and Qualification 2.18 Absence of Questionable Payments 9 Section 4.2 Power 9 Section 4.3 Authorization 2.19 Books and Enforceability 9 Section 4.4 No Conflicts 9 Section 4.5 Broker’s or Finder’s Fees 9 Section 4.6 Leases and Unit 9 Section 4.7 Compliance with Laws Records 10 Section 4.8 Environmental Matters 2.20 Bank Accounts; Powers of Attorney 10 Section 4.9 Preferential Purchase Rights and Material Required Consents 2.21 Certain Transactions 10 Section 4.10 Litigation 10 Section 4.11 Bankruptcy 11 Section 4.12 Taxes 11 Section 4.13 Certain Disclaimers 11 ARTICLE 5 III REPRESENTATIONS AND WARRANTIES OF PURCHASER 12 THE MEMBER 10 Section 5.1 Existence 12 3.1 Ownership of Membership Interests 10 Section 5.2 Power 12 3.2 Authority Relative to this Agreement 11 Section 5.3 Authorization 3.3 Consents and Enforceability 12 Approvals; No Violations 11 Section 5.4 No Conflicts 13 3.4 Litigation 11 Section 5.5 Broker’s 3.5 Brokers and Finder’s Fees 13 Section 5.6 Bankruptcy 13Finders 11