CompUSA 2015 Annual Report Download - page 74
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Please find page 74 of the 2015 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.(b)PersonalProperty.Allpersonalproperty,equipment,officefurnishingsandfurniture,suppliesandothertangiblepersonalproperty(i)
locatedinthefacilitieswhicharethesubjectoftheLeasedRealPropertyandRealPropertySubleases,(ii)usedbytheTransferredEmployeesinconnectionwith
theiremploymentwithsuchSellerand(iii)usedintheoperationandmaintenanceofallwebsites,thenetworkandsystemsoftheBusinessandPurchasedAssets
(collectively,the“PersonalProperty”);
(c)PersonalPropertyLeases.Allrightsin,toandunderleasesofpersonalproperty,equipment,officefurnishingsandfurniture,supplies
andothertangiblepersonalpropertysetforthonSchedule1.1(c)(collectively,the“PersonalPropertyLeases”);
(d)DepositsandAdvances.AllsecurityandotherdepositsinrespectofanyLeasedRealPropertythatisnotsubjecttoaRealProperty
Sublease;
(e)SellerContracts.Allrightsin,toandundertheContractssetforthonSchedule1.1(e)(collectively,“SellerContracts”),butinallcases
excludinganyopenpurchaseordersrelatedtosuchSellerContracts;
(f)IntellectualProperty.AllIntellectualPropertyRightssetforthonSchedule1.1(f)(collectively,“SellerIntellectualProperty”);
(g)CustomerDataandIntangibleRights.(a)withrespecttotheBusiness,allofSellers’interestinandtothecustomerandprospective
customer lists and data (including purchasing history, credit and financing information, contact information and any consents), telephone numbers, facsimile
numbers,emailaddresses,websiteaddresses,socialmediaaccountsandsimilargoodwillandintangiblerights;and(b)withrespecttoSellers’consumercustomer
andprospectivecustomerdataandintangiblerightsusedinconnectionwithorgeneratedbythewebNATGbusinessinCanada,allofSellers’interestinandtothe
customer and prospective customer lists and data (including purchasing history, credit and financing information , contact information and any consents) and
similargoodwillandintangible rights(including,withoutlimitation,customerandprospectivecustomerdataofPocahontasCorp.(f/k/aCircuitCity.com Inc.));
and
(h)Claims.Allclaims,rightsinaction,rightstotenderclaimsordemands,whetherknownorunknown,contingentornon-contingent,tothe
extentrelatedtoproprietaryinformation,tradesecretsorothercompetitiverestrictionsapplicabletothePurchasedAssetsortheTransferredEmployees.
1.2 Excluded Assets .AllassetsofSellersnotspecificallyincludedasPurchasedAssetspursuanttoSection1.1shallnotbesold,assignedor
transferredpursuanttothisAgreementandshallberetainedbySellers,includingwithoutlimitation,theassetsofSellerssetforthonSchedule1.2(collectively,the
“ Excluded Assets ”). Purchaser acknowledges and agrees that the Sellers may terminate Seller contracts which are not Purchased Assets other than Seller
contractsrequiredtobemaintainedinorderforthepartiestoperformtheirrespectiveobligationsunderthisAgreementandtheTransactionAgreements.
1.3 Assumed Liabilities .SubjecttothetermsandconditionsofthisAgreement,attheClosing,SellershallassignandPurchasershallassume(and
PCMshallcausePurchasertoassume)theAssumedLiabilities;providedthat,inallinstances,U.S.PurchasershallassumeonlythoseAssumedLiabilitiesrelated
to the operations in the United States and Canadian Purchaser shall assume only those Assumed Liabilities related to the operations in Canada. Thereafter,
Purchasershallpayanddischarge(andPCMshallcausePurchasertopayanddischarge)allsuchAssumedLiabilities.ForthepurposesofthisAgreement,the“
AssumedLiabilities”shallmeanonlythefollowingLiabilitiesofSellers:
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