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Article IDefinitions and Interpretation
- Section 1.01Defined Terms
  - (a)Entity and Person Definitions
    - (i)Affiliate
      - (A)Successors
      - (B)Excluded Affiliates
    - (ii)Person
    - (iii)Subsidiary
    - (iv)Governmental Authority
  - (b)Transaction Definitions
    - (i)Closing
    - (ii)Closing Date
    - (iii)Purchase Price
    - (iv)Transaction Documents
    - (v)Disclosure Schedule
  - (c)Operational Definitions
    - (i)Ordinary Course of Business
    - (ii)Material Adverse Effect
      - (A)Macroeconomic
      - (B)Industry
      - (C)Law
      - (D)Force Majeure
      - (E)Announcement
      - (F)Buyer Direction
      - (G)Failure to Meet Projections
    - (iii)Knowledge
    - (iv)Working Capital
    - (v)Target Working Capital
  - (d)Indemnification Definitions
    - (i)Losses
    - (ii)Indemnified Party / Indemnifying Party
    - (iii)Basket
    - (iv)Cap
    - (v)Fundamental Representations
    - (vi)Survival Period
  - (e)Miscellaneous Definitions
    - (i)Confidential Information
    - (ii)Intellectual Property
    - (iii)Tax / Tax Return
    - (iv)Permits
    - (v)Environmental Law
    - (vi)Key Employee
- Section 1.02Interpretation
  - (a)Headings
  - (b)Gender and Number
  - (c)References
  - (d)“Including”
Article IIPurchase and Sale
- Section 2.01Purchase and Sale of Shares
- Section 2.02Purchase Price
  - (a)Closing Payment
  - (b)Escrow
- Section 2.03Estimated Closing Statement
- Section 2.04Post-Closing Adjustment
  - (a)Closing Statement
  - (b)Review Period
  - (c)Resolution of Disputes
    - (i)Negotiation
    - (ii)Independent Accountant
      - (A)Scope of Review
      - (B)Costs
Article IIIThe Closing
- Section 3.01Time and Place
- Section 3.02Seller Deliverables
  - (a)Stock Certificates
  - (b)Officers’ Certificate
  - (c)Ancillary Agreements
  - (d)Resignations
  - (e)Lien Releases
  - (f)FIRPTA Certificate
  - (g)Other Documents
- Section 3.03Buyer Deliverables
Article IVRepresentations and Warranties of the Seller
- Section 4.01General
- Section 4.02Organization
- Section 4.03Authority
- Section 4.04Capitalization
  - (a)No Other Securities
  - (b)Subsidiaries
- Section 4.05Title to Shares
- Section 4.06Financial Statements
  - (a)GAAP Compliance
- Section 4.07Absence of Certain Changes
- Section 4.08Material Contracts
  - (a)Customer and Supplier Contracts
  - (b)Indebtedness
  - (c)Real Property
  - (d)IP Licenses
  - (e)Restrictive Covenants
  - (f)Affiliate Transactions
  - (g)Government Contracts
- Section 4.09Litigation
- Section 4.10Intellectual Property
- Section 4.11Compliance with Laws; Permits
- Section 4.12Environmental Matters
- Section 4.13Employee Benefits
- Section 4.14Labor
- Section 4.15Taxes
  - (a)Tax Returns
  - (b)Tax Payments
  - (c)No Audits
  - (d)No Withholding Failures
  - (e)No Tax Sharing
- Section 4.16Brokers
- Section 4.17No Other Representations
Article VRepresentations and Warranties of the Buyer
- Section 5.01General
- Section 5.02Organization
- Section 5.03Authority; No Conflicts
- Section 5.04Financial Capacity
- Section 5.05Investment Intent
- Section 5.06No Reliance
Article VIPre-Closing Covenants
- Section 6.01Conduct of the Business
  - (a)Ordinary Course
  - (b)Preserve Goodwill
  - (c)Negative Covenants
    - (i)Equity Issuances
    - (ii)Dividends
    - (iii)Indebtedness
    - (iv)Acquisitions and Dispositions
    - (v)Material Contracts
    - (vi)Compensation
    - (vii)Accounting
    - (viii)Tax Elections
    - (ix)Litigation
- Section 6.02Access; Information
- Section 6.03Regulatory Approvals
- Section 6.04Exclusivity
- Section 6.05Schedule Updates
Article VIIConditions to Closing
- Section 7.01Mutual Conditions
  - (a)HSR
  - (b)No Order
- Section 7.02Conditions to Buyer’s Obligations
  - (a)Accuracy of Representations
  - (b)Performance of Covenants
  - (c)No MAE
  - (d)Deliverables
  - (e)Key Employee Retention
- Section 7.03Conditions to Seller’s Obligations
  - (a)Accuracy of Representations
  - (b)Performance of Covenants
  - (c)Closing Payment
Article VIIIIndemnification
- Section 8.01Survival
- Section 8.02Indemnification by Seller
  - (a)Breach of Reps
  - (b)Breach of Covenants
  - (c)Pre-Closing Taxes
  - (d)Specified Matters
- Section 8.03Indemnification by Buyer
- Section 8.04Indemnification Procedures
  - (a)Notice of Claim
  - (b)Third-Party Claims
    - (i)Acknowledgment
    - (ii)No Conflicts
    - (iii)No Criminal or Regulatory
      - (A)Settlement Limits
      - (B)Indemnified Party Participation
- Section 8.05Limitations on Indemnification
  - (a)Basket
  - (b)Cap
  - (c)No Double Recovery
  - (d)Insurance and Tax Benefits
  - (e)Mitigation
- Section 8.06Exclusive Remedy
Article IXTermination
- Section 9.01Termination Events
  - (a)Mutual Consent
  - (b)Outside Date
  - (c)Order
  - (d)Buyer Breach
  - (e)Seller Breach
- Section 9.02Effect of Termination
Article XMiscellaneous
- Section 10.01Notices
- Section 10.02Confidentiality
- Section 10.03Entire Agreement
- Section 10.04Expenses
- Section 10.05Assignment
- Section 10.06Amendments and Waivers
- Section 10.07Governing Law
- Section 10.08Dispute Resolution
  - (a)Forum
  - (b)Specific Performance
  - (c)Waiver of Jury Trial
- Section 10.09Counterparts; Electronic Signatures
- Section 10.10Severability