CompUSA 2015 Annual Report Download - page 110
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SystemaxInc.
11HarborParkDrive
PortWashington,NY11050
Attention:LarryReinhold,ChiefFinancialOfficer
Email:[email protected]
withacopy,whichshallnotconstitutenotice,to:
KramerLevinNaftalis&Frankel
1177AvenueoftheAmericas
NewYorkNewYork10036
Attention:RichardGilden,Esq.
Email:[email protected]
11.5 Assignment .NeitherthisAgreementnoranyoftherights,interestsorobligationsunderthisAgreementmaybeassignedbyanypartytothis
AgreementwithoutthepriorwrittenconsentoftheotherpartiestothisAgreement,exceptthatfollowingtheClosingPurchaserandPCMmayassignanyoftheir
respectiverights,interestsorobligationsunderthisAgreementtoanAffiliateorsuccessor.Subjecttotheforegoing,thisAgreementandalloftheprovisionsof
thisAgreementwillbebindinguponandinuretothebenefitofthepartiestothisAgreementandtheirrespectivesuccessorsandpermittedassigns.
11.6 Third-Party Beneficiaries .NothingexpressedorreferredtointhisAgreementconfersanyrightsorremediesuponanyPersonthatisnota
partyorpermitted assignofapartytothisAgreement; provided,however,PCManditssubsidiariesshallbeintendedthirdpartybeneficiariesofallrightsof
PurchaserandPCMunderthisAgreementandSystemaxshallbeintendedthirdpartybeneficiaryofallrightsofSellersunderthisAgreement.
11.7 Severability . Wheneverpossible,eachprovisionofthisAgreement will be interpreted in such mannerastobeeffectiveandvalid under
applicableLegalRequirement,butifanyprovisionofthisAgreementisheldtobeprohibitedbyorinvalidunderapplicableLegalRequirement,suchprovision
willbe ineffective only to the extent ofsuchprohibitionorinvalidity,withoutinvalidatingtheremainderofsuchprovision or the remaining provisions ofthis
Agreement.
11.8 Complete Agreement .ThisAgreement,theNon-DisclosureAgreementbetweenSystemaxandPCMdatedJuly30,2015(the“NDA”)and
the Transaction Agreements, contain the complete agreement among the parties and supersede any prior understandings, agreements or representations by or
amongtheparties,whetherwrittenororal.Eachpartyacknowledgesthatnootherpartyhasmadeanyrepresentations,warranties,agreements,undertakingsor
promisesexceptforthoseexpresslysetforthinthisAgreementorintheTransactionAgreementsthatsurvivetheexecutionanddeliveryofthisAgreement.
11.9 Schedules .ThepartiesheretoagreethatanyreferenceinaparticularSectionoftheSellerDisclosureScheduleshallonlybedeemedtobean
exception to (or, as applicable, a disclosure for purposes of) (i) the representations and warranties (or covenants, as applicable) of the relevant party that are
containedinthecorrespondingSectionofthisAgreementand(ii)anyotherrepresentationsandwarrantiesofsuchpartythatiscontainedinthisAgreement,but
onlyiftherelevanceofthatreferenceasanexceptionto(oradisclosureforpurposesof)suchrepresentationsandwarrantieswouldbereasonablyapparenttoa
reasonablepersonwhohasreadthatreferenceandsuchrepresentationsandwarranties,withoutanyindependentknowledgeonthepartofthereaderregardingthe
matter(s)sodisclosed.TheinclusionofanyinformationontheSellerDisclosureScheduleshallnotbedeemedtobeanadmissionoracknowledgment,inandof
itself,thatsuchinformationisrequiredbythetermshereoftobedisclosed,ismaterial,hasresultedinorwouldresultinaMaterialAdverseEffectorisoutsidethe
ordinarycourseofbusiness.
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