Nautilus 2009 Annual Report Download - page 156
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TABLE OF CONTENTS
i
Page
ARTICLE 1
-
DEFINITIONS
1
ARTICLE 2
-
BASIC TRANSACTION
4
2.1
Purchase and Sale of Assets
4
2.2
Assumption of Assumed Liabilities
4
2.3
Purchase Price
4
2.4
The Closing
4
2.5
Deliveries at the Closing
4
2.6
Allocation
5
2.7
Accounts Payable Reconciliation
5
2.8
Finished Goods Inventory
5
ARTICLE 3
-
NAUTILUS
’
REPRESENTATIONS AND WARRANTIES
5
3.1
Organization of Nautilus
6
3.2
Authorization of Transaction
6
3.3
Non
-
Contravention
6
3.4
Brokers
’
Fees
6
3.5
Title to Assets
6
3.6
Financial Information
6
3.7
Inventory
7
3.8
Contracts
7
3.9
Terms of Sale
7
3.10
Customers and Suppliers
7
3.11
Litigation
7
3.12
Tangible Personal Property
7
3.13
Employment Matters
7
3.14
Environmental, Health and Safety Matters
8
ARTICLE 4
–
BUYER
’
S REPRESENTATIONS AND WARRANTIES
8
4.1
Organization of Buyer
8
4.2
Authorization of Transaction
8
4.3
Non
-
contravention
8
4.4
Brokers
’
Fees
9