Audiovox 2012 Annual Report Download - page 117

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17. Sellers' Liability
Any of the Sellers' liability under or in connection with this Agreement shall be several and not joint ( Teilschuldnerschaft) and
be limited to the respective Seller's own shares held in the Company's stated capital, or the individual Seller Quota in the
respective claim and to each Seller's Quota in the Shares Purchase Price paid by the Purchaser. For the avoidance of doubt,
in case of any claim of the Purchaser under or in connection with this Agreement, the Purchaser may request payment from
the Escrow Fund in any case and irrespective of which of the Sellers, and to what extent, should be liable with respect to the
individual claim.
18. Access to Documents
The Purchaser shall procure that following the Completion Date all of the Companies will maintain proper books and records of
all of their business matters. The Purchaser will procure that the Companies make such information or documents relating to
the period until and including the Completion Date available to any of the Sellers or their legal successors as reasonably
requested by the Sellers or their legal successors in good faith and to the extent required to safeguard his/its interests in
respect of his/its former position as the Company's shareholder.
19. Joint Statement
At the date to be jointly determined by the Parties, the Sellers and the Purchaser shall issue a joint statement to the
employees, customers, other of the Companies' business partners and to the public announcing of the Transaction.
20. Confidentiality
The contents hereof shall be kept fully confidential by all parties hereto, except that they may be disclosed
a. to the Companies, or
b. to professional advisors of each party who are subject to professional duties of confidentiality, or
c. in the course of the Parties' disclosure to fiscal or other (in particular stock exchange) authorities as legally
required, or
d. in a statement pursuant to Section 19 above or
e. in any other way as mutually agreed by the Parties.
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