CompUSA 2015 Annual Report Download - page 77

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ARTICLE 2.
CONSIDERATION FOR TRANSFER
2.1 Purchase Price .Asfullconsiderationforthesale,assignment,transferanddeliveryofthePurchasedAssetsbySellerstoPurchaserandthe
otheragreementssetforthherein,PurchaserandPCM,jointlyandseverally,shallpaytoSellersanaggregateamountof$14,000,000(the“PurchasePrice”).
2.2 Allocation of Purchase Price .PurchasershalldelivertoSystemaxanallocationofthePurchasePrice,includingamountstreatedasLiabilities
for Tax purposes (amongst the Purchased Assets and for the other agreements set forth herein) within 90 days following the Closing Date (the “ Allocation
Schedule”).TheAllocationScheduletobedeliveredbyPurchaserisintendedtocomplywiththerequirementsofSection1060oftheCode.IfSystemaxnotifies
PurchaserinwritingthatitobjectstooneormoreitemsreflectedintheAllocationSchedule,SystemaxandPurchasershallnegotiateingoodfaithtoresolvesuch
dispute;provided,however,thatifSystemaxandPurchaserareunabletoresolveanydisputewithrespecttotheAllocationSchedulewithin60daysfollowing
Purchaser’sdeliveryoftheAllocationScheduletoSystemax,suchdisputeshallberesolvedbyKPMGLLP(the“IndependentAccountingFirm”).Thefeesand
expenses of such Independent Accounting Firm shall be borne equally by Systemax and Purchaser.  The parties covenant and agree that (i) such Allocation
Schedulewillbedeterminedinanarm’slengthnegotiationandnoneofthepartiesshalltakeapositiononanyTaxReturn(includingIRSForm8594),beforeany
TaxAuthorityorinanyProceedingthatisinanywayinconsistentwithsuchAllocationSchedulewithoutthewrittenconsentoftheotherpartiestothisAgreement
or unless specifically required pursuant to a determination by an applicable Tax Authority; (ii) they shall cooperate with each other in connection with the
preparation,executionandfilingofallTaxReturnsrelatedtosuchAllocationSchedule;and(iii)theyshallpromptlyadviseeachotherregardingtheexistenceof
anyTaxauditorProceedingrelatedtosuchAllocationSchedule.
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