CompUSA 2014 Annual Report Download - page 176

Download and view the complete annual report

Please find page 176 of the 2014 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 200

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200

(h) Resolutions.
A certified copy of the resolutions of the Board of Directors (or equivalent) of each Company
authorizing and approving the consummation of the transactions contemplated by this Agreement and any closing documents to be entered into
by such Company.
(i) Escrow Agreement. The Escrow Agreement signed by the Seller and the Escrow Agent.
(j) Other Documents.
Such other documents or instruments as the Buyer reasonably requests and are reasonably
necessary to consummate the transactions contemplated by this Agreement.
(k) Letter.
An irrevocable instruction letter executed by the Company directing JPMorgan Chase Bank, NA to
terminate the cash sweep of the bank accounts of the U.S. Companies as of the end of the day on the Closing Date, and a confirmation executed
by JPMorgan Chase Bank, NA accepting such instruction.
(l) JP Morgan Chase.
A release and termination of the guarantees made by the Companies executed by JPMorgan
Chase Bank, NA.
(m) Milwaukee Office Lease. The Milwaukee Office Lease signed by the Seller.
(n) Websites.
To the extent not previously transferred, Seller will transfer the URL and content of the websites for
IS.com , Productos and PFI to one of the Companies.
6.9 Cybersource.
Seller shall cause Cybersource to successfully test (in connection with Paymentech, LLC) the authorization and
settlement process for each of the new Merchant IDs. Seller and Buyer together shall initiate the request to use each of the new Merchant IDs on
the appropriate date (to coincide with the Closing Date).
6.10 Corporate Minute Books and Stock Records.
The Seller shall have delivered the original corporate minute books, corporate
seals and stock records of each Company to the Buyer.
6.11 Bank Accounts. The signatories to the bank accounts listed in Schedule 3.13 shall have been changed to the Buyer
s
satisfaction.
6.12 Seller Employees.
All employees that perform services for Seller and are set forth on Schedule 6.12, but are employed as of
the date hereof by C&H Distributors, shall be transferred to Seller and will no longer be employees of C&H Distributors (the “
Seller
Employees”).
55