PURCHASE AGREEMENT dated as of February 28, 2011 by and among POLYONE CORPORATION, 1997 CHLORALKALI VENTURE, LLC, OLIN CORPORATION and OLIN SUNBELT II, INC.Purchase Agreement • March 3rd, 2011 • Polyone Corp • Plastic materials, synth resins & nonvulcan elastomers • Delaware
PURCHASE AGREEMENT dated as of February 28, 2011 (this “Agreement”), by and among POLYONE CORPORATION, an Ohio corporation (“PolyOne”), 1997 CHLORALKALI VENTURE, LLC, an Alabama limited liability company (the “Seller”), OLIN CORPORATION, a Virginia corporation (“Olin”), and OLIN SUNBELT II, INC., a Delaware corporation (the “Purchaser”). Capitalized terms shall have the respective meanings ascribed to them in Section 6.04.
PolyOne Corporation and Subsidiaries Pro Forma Condensed Consolidated Financial Information (Unaudited)Polyone Corp • March 3rd, 2011 • Plastic materials, synth resins & nonvulcan elastomers
On February 28, 2011, PolyOne Corporation (“we”, “us” or “our”) and Olin Corporation (“Olin”) entered into a Purchase Agreement (the “Purchase Agreement”), and completed the transactions contemplated by the Purchase Agreement (the “Closing”). Prior to the Closing, 1997 Chloralkali Venture, LLC (formerly known as 1997 Chlorakali Venture, Inc.), a wholly owned subsidiary of PolyOne (“1997 CVI”), and Olin SunBelt, Inc., a wholly owned subsidiary of Olin, each owned a 50% interest in the Sunbelt Chlor Alkali Partnership (“SunBelt”). Concurrent with the execution of the Purchase Agreement, Olin, through an affiliate, bought all of 1997 CVI’s equity interests in SunBelt. As a result, Olin now owns, indirectly, all of the equity interests in SunBelt.
