Supercuts 2008 Annual Report Download - page 150

(h) made or granted any bonus or any wage or salary increase to any employee or group of employees (except as required by pre-existing
contracts described on the attached Contracts Schedule or in the ordinary course of business consistent with past practice), or made or granted
any increase in any employee benefit plan or arrangement, or amended or terminated any existing employee benefit plan or arrangement or
adopted any new employee benefit plan or arrangement;
(i) suffered any extraordinary losses or waived any rights of material value (whether or not in the ordinary course of business or consistent
with past practice) in excess of $50,000 in the aggregate;
(j) made capital expenditures or commitments therefor that aggregate in excess of $50,000;
(k) delayed or postponed the payment of any accounts payable or commissions or any other liability or obligation or agreed or negotiated
with any party to extend the payment date of any accounts payable or commissions or any other liability or obligation or accelerated the
collection of (or discounted) any accounts or notes receivable;
(l) made any loans or advances to, guaranties for the benefit of, or any Investments in, any Person (other than Investments in a Subsidiary
of the Company and advances to the Company's or its Subsidiaries' employees in the ordinary course of business consistent with past practice);
(m) made any charitable contributions or pledges exceeding in the aggregate $10,000 or made any political contributions;
(n) suffered any damage, destruction or casualty loss exceeding in the aggregate $50,000, whether or not covered by insurance;
(o) made any change in any method of accounting or accounting policies or made any write-down in the value of its inventory that is
material or that is other than in the usual, regular and ordinary course of business consistent with past practice or reversed any accruals other than
in the ordinary course of business consistent with past practice;
(p) taken any steps to incorporate or organize any Subsidiary;
(q) amended its articles of incorporation, by-laws or other organizational documents;
(r) entered into any agreement or arrangement prohibiting or restricting it from freely engaging in any business or otherwise restricting the
conduct of its business anywhere in the world;
(s) taken any action or failed to take any action that has had, or could reasonably be expected to have, the effect of accelerating to pre-
Closing periods sales to the trade or other customers that would otherwise be expected to occur after the Closing (including any failure to market
and sell its products in normal commercial quantities and through normal commercial channels prior to the Closing);
(t) made any changes to its normal and customary practices regarding the solicitation, booking or fulfillment of orders or the shipment and
delivery of goods (other than as agreed with Regis as to certain excess inventory);
(u) entered into any material contract other than in the ordinary course of business consistent with past practice, entered into any other
material transaction, whether or not in the ordinary course of business or consistent with past practice, or changed in any significant respect any
business practice (in anticipation of the transactions contemplated hereby or otherwise);
(v) paid any amount to or transferred any asset to the Seller or any of its Affiliates, or assumed, paid or satisfied any liability or obligation
of the Seller or any of its Affiliates; or
(w) agreed, whether orally or in writing, to do any of the foregoing.
5.10 Assets.
(a) Except as set forth on the attached Assets Schedule , the Company has good and marketable title to, or a valid leasehold interest in, all
properties and assets used by it, located on its premises or
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