CompUSA 2015 Annual Report Download - page 120

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“IntellectualPropertyRights”meansanyorall rightsinandtointellectual propertyandintangibleindustrialpropertyrights,including,withoutlimitation,(i)
Patents,TradeSecrets,Copyrights,Trademarksand(ii)anyrightssimilar,correspondingorequivalenttoanyoftheforegoinganywhereintheworld.
“IRS”meanstheInternalRevenueService.
“InvestmentCanadaAct”meanstheInvestmentCanadaAct,R.S.C.1985,c.28(1stSupp.),asamended.
“Knowledge”ofSellers,oranysimilarphrase,means,withrespecttoanyfactormatter,theactualknowledgeafterreasonableinquiry,ofthefollowingpersons:
LarryReinhold,TexClark,EricLernerand/orAdamShaffer.
“Legal Requirement ” means any federal, provincial state, local, municipal, foreign or other law, statute, legislation, constitution, principle of common law,
resolution, ordinance, code, Order, edict, decree, proclamation, treaty, convention, rule, regulation, permit, ruling, directive, pronouncement, requirement
(licensing or otherwise), specification, determination, decision, opinion or interpretation issued, enacted, adopted, passed, approved, promulgated, made,
implementedorotherwiseputintoeffectbyorundertheauthorityofanyGovernmentalAuthoritypriortothedatehereof.
“ Liability ” means any debt, obligation, duty or liability of any nature (including any unknown, undisclosed, unmatured, unaccrued, unasserted, contingent,
indirect,conditional,implied, vicarious, derivative, joint, severalor secondaryliability), regardlessofwhethersuchdebt,obligation,dutyor liability would be
requiredtobedisclosedonabalancesheetpreparedinaccordancewithGAAPandregardlessofwhethersuchdebt,obligation,dutyorliabilityisimmediatelydue
andpayable.
“MaterialAdverseEffect”meansanyevent,changeoreffectthat,whentakenindividuallyortogetherwithallotheradverseevents,changesandeffects,isoris
reasonablylikely(a)tobemateriallyadversetotheconditionoftheBusiness,PurchasedAssetsorAssumedLiabilities,takenasawhole,otherthaninthecaseof
anyoftheforegoing,anysucheffecttotheextentresultingfrom(A)changesinthefinancialorsecuritiesmarketsorgeneraleconomicorpoliticalconditionsin
theUnitedStatesoranyothermarketinwhichSellersoperatenothavingamateriallydisproportionateeffectontheSellersandtheBusiness,takenasawhole,
relative to other participants in the industry in which the Sellers operate, (B) changes required by GAAP or changes required by the regulatory accounting
requirements applicable to any industry in which the Sellers operate, (C) changes (including changes of Applicable Law) or conditions generally affecting the
industryinwhichtheSellersoperateandnotspecificallyrelatingtoorhavingamateriallydisproportionateeffectonSellersandtheBusiness,takenasawhole,
relativetootherparticipantsintheindustryinwhichtheSellersoperate,(D)anyengagementinhostilities,whetherornotpursuanttothedeclarationofanational
emergencyorwar,ortheoccurrenceofanyactsofwar,sabotageorterrorismornaturaldisastersinvolvingtheUnitedStatesofAmericaoccurringpriorto,onor
afterthedateofthisAgreement,(E)theentryintoorannouncementofthetransactionscontemplatedbythisAgreementortheconsummationofthetransactions
contemplatedhereby(includinganyimpactoncustomersoremployeesexceptasspecificallysetforthelsewhereintheAgreement),(F)anyfailurebyanySeller
ortheBusinesstomeetanyinternalorpublishedbudgets,projections,forecastsorpredictionsoffinancialperformanceforanyperiod(itbeingunderstoodthatthis
clause (F) shall not prevent a party from asserting that any fact, change, event, occurrence, circumstance or effect that may have contributed to such failure
independentlyconstitutesaMaterialAdverseEffect),or(G)anyactiontaken(oromittedtobetaken)asrequiredbythisAgreementoratthewrittenrequestofthe
Purchaseror (b) to preventormateriallydelayconsummationoftheTransaction or otherwise to preventtheSellersfromperformingtheirmaterialobligations
underthisAgreement.
ExhibitA-Page4