CompUSA 2015 Annual Report Download - page 75

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(a)AnyLiabilityarisingaftertheClosingDateundertheSellerContractsthathavebeenmadeavailabletoPurchaserintheVDR,but(i)
onlytotheextentsuchobligationsariseoraretobesatisfiedaftertheClosingDate,(ii)onlytotheextentsuchobligationsdonotarisefromorrelatetoanybreach
byaSellerofanyprovisionofanyofsuchSellerContractsotherthanabreachexpresslydisclosedtoPurchaserhereunderonSection6.5oftheSellerDisclosure
Schedule(ifany),(iii)onlytotheextentsuchobligationsdonotarisefromorrelatetoanyevent,circumstanceorconditionoccurringorexistingonorpriortothe
ClosingDatethat,withnoticeorlapseoftime,wouldconstituteorresultinabreachofanyofsuchSellerContractsotherthananysuchpotentialbreachexpressly
disclosedtoPurchaserhereunderonSection6.5oftheSellerDisclosureSchedule(ifany),and(iv)subjecttosubparts(i),(ii)and(iii)ofthissubsection,onlyto
theextentsuchobligationsariseunderSellerContractsforwhichthefulltextoftheSellerContracthasbeendisclosed(itbeingunderstoodthatifthetextofany
suchContracthasnotbeendisclosedtoPurchaseroritsRepresentativesduetoconfidentialityorotherrestrictions(itbeingunderstoodthatdisclosurelimitedto
Purchaser’sRepresentativesshallconstitutevaliddisclosurehereunder and any such Seller Contractsodisclosedisherebyassumed by Purchaser to theextent
madeavailableintheVDR)suchContractshallconstituteanUndisclosedContractandshallbesubjecttothetermsandconditionsofSection1.5(b);and
(b)Liabilitiesforaccruedvacationandpaid-time-offofanyTransferredEmployeeswhobecomeemployeesofPurchaseroranAffiliateof
PurchaseronorpromptlyfollowingtheClosingDate.
1.4 Excluded Liabilities .NotwithstandingSection1.3oranyotherprovisionofthisAgreement,Purchasershallnotassumeandshallnotbeliable
orresponsibleforanyLiabilitythatisnotspecificallyidentifiedasanAssumedLiability(collectively,the“ExcludedLiabilities”).AsbetweenPurchaserand
Sellers,SellersshallremainboundbyandliableforallExcludedLiabilities.
1.5 Non-Assignable Assets; Undisclosed Contracts .
(a)Notwithstandingtheforegoing,ifanyoftheSellerContractsorotherPurchasedAssetsarenotassignableortransferable(each,a“Non-
AssignableAsset”)withouttheconsentof,orwaiverby,athirdparty(each,an“AssignmentConsent”),eitherasaresultoftheprovisionsthereoforapplicable
LegalRequirements,andanyofsuchAssignmentConsentsarenotobtainedbyaSelleronorpriortotheClosingDate,thenwithrespecttoeachNon-Assignable
Asset,PurchasershalltakeallactionsnecessarytoperformtheobligationsundersuchNon-AssignableAssetsandeachSellershallcooperatewithPurchaserin
anyreasonablearrangementdesignedtoprovidePurchaserwithallofthebenefitsofsuchNon-AssignableAssetasifanappropriateAssignmentConsenthadbeen
obtained, including, without limitation, by granting sublicenses, conducting business under such Non-Assignable Assets in the name of such Seller for the
economicbenefit of Purchaser(unlessprohibitedunderthe terms ofanysuch Non-AssignableAsset)andestablishing other similar arrangements. EachSeller
shall use its reasonable commercial efforts to obtain the Assignment Consent as soon as reasonably practicable following the Closing.  In such case, this
Agreement and the related instruments of transfer shall not constitute an assignment or transfer of such Non-Assignable Assets until the requisite Assignment
Consentisprovided,atwhichtimesuchassetsshallbedeemedPurchasedAssetsforpurposesofthisAgreementwithoutanyfurtheractionbySellers.
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