THIS AGREEMENT is made on 13 May 2019 BETWEEN (1) KVH MEDIA GROUP LIMITED, a company incorporated in England and Wales with registered number 06462774 and having its registered office at 2a Queen Street, Leeds, West Yorkshire LS1 2TW (the "Lender");...Agreement • May 16th, 2019 • KVH Industries Inc \De\ • Radio & tv broadcasting & communications equipment • London
CONTENTS 1. Interpretation .................................................... ............................................................. 3 2. Sale and purchase .........................................................................Agreement • May 16th, 2019 • KVH Industries Inc \De\ • Radio & tv broadcasting & communications equipment • England
THIS DEED was made on 13 May 2019 BETWEEN: 1. KVH MEDIA GROUP LIMITED, a private limited company incorporated under the laws of England with registered number 06462774 and having its registered office at 2a Queen Street Leeds, West Yorkshire LS1 2TW...KVH Industries Inc \De\ • May 16th, 2019 • Radio & tv broadcasting & communications equipment
ContractConsent • May 16th, 2019 • KVH Industries Inc \De\ • Radio & tv broadcasting & communications equipment
KVH INDUSTRIES, INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTSKVH Industries Inc \De\ • May 16th, 2019 • Radio & tv broadcasting & communications equipment
On May 13, 2019, KVH Industries, Inc., a Delaware corporation (the “Company”), and Oakley Capital, a UK company, entered into a Stock Purchase Agreement (the “Purchase Agreement”) pursuant to which Oakley agreed to purchased from the Company all of the outstanding equity of Super Dragon Limited and Videotel Marine Asia Limited (together referred to as “Videotel”) for $90.0 million in cash, on a cash-free, debt-free basis, subject to working capital adjustments.The sale (“Transaction”) was completed immediately upon execution of definitive agreements. The Company expects to receive payment of the purchase price within 30 business days, subject to subsequent adjustment for working capital. Payment of the purchase price is pursuant to a loan agreement (the “Bridge Loan”) secured by a charge (a type of foreign security interest) over the shares of Super Dragon Limited and Videotel Marine Asia Limited, and is further backed by an equity commitment letter from Oakley Capital IV Master SCSp t
