CompUSA 2015 Annual Report Download - page 82

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4.3 No Solicitation .Untiltheearlierof(a)theClosingand(b)theterminationofthisAgreementpursuanttoitsterms,Systemaxshallnot,and
shall cause its Affiliates (including Sellers) and Representatives not to, directly or indirectly, (i) initiate, solicit or encourage (including by way of furnishing
informationregardingtheBusinessorthePurchasedAssetsorAssumedLiabilities)anyinquiries,ormakeanystatementstothirdpartieswhichmayreasonablybe
expected to lead to any proposal concerning thesale of the Business or the Purchased Assetsor Assumed Liabilities (whether by way of merger, purchase of
capital shares, purchase of assets or otherwise) (a “ Competing Transaction ”); or (ii) hold any discussions or enter into any agreements with, or provide any
informationorrespondto,anythirdpartyconcerningaproposedCompetingTransactionorcooperateinanywaywith,agreeto,assistorparticipatein,solicit,
consider,entertain,facilitateorencourageanyeffortorattemptbyanythirdpartytodoorseekanyoftheforegoing.Ifatanytimepriortotheearlierof(x)the
Closingand(y)the terminationofthisAgreementpursuanttoitsterms,SystemaxoranyofitsRepresentativesareapproached inanymanner byathird party
concerningaCompetingTransaction(a“CompetingParty”),SystemaxshallpromptlyinformPurchaserregardingsuchcontactandfurnishPurchaserwithacopy
ofanyinquiryorproposal,or,ifnotinwriting,adescriptionthereof,includingthenameofsuchCompetingParty,andSellersshallkeepPurchaserinformedofthe
statusanddetailsofanyfuturenotices,requests,correspondenceorcommunicationsrelatedthereto.
4.4 Certain Notifications .
(a)FromthedatehereofthroughtheClosing,uponPurchaser’sreasonablerequest,Systemaxshallconferduringnormalbusinesshourswith
one or more designated Representatives of Purchaser to report material operational matters and the general status of on-going operations of the Business.
Systemax shall promptly notify Purchaser of any known material change in respect of the Purchased Assets and shall keep Purchaser fully informed of such
events.Exceptformatters described on Schedules 4.1 or 4.2, fromthe date ofthis Agreement untilthe Closing,Systemax shall promptlynotify Purchaserin
writingregardingany:
(i)Anycircumstance oreventknowntoSystemaxoranySellerthat couldreasonablybeexpectedtohaveaMaterialAdverse
Effect;
(ii)Fact,circumstance,event,oractionknownbySystemaxoranySeller(i)which,ifknownonthedateofthisAgreement,would
havebeenrequiredtobedisclosedinorpursuanttothisAgreement;or(ii)theexistence,occurrence,ortakingofwhichwouldresultinanyoftherepresentations
andwarrantiesofSellerscontainedinthisAgreementorinanyTransactionAgreementnotbeingtrueandcorrectwhenmadeoratClosing;
(iii)BreachofanycovenantorobligationofanySellerhereunder;or
(iv)Circumstance or event which will result in, or could reasonably beexpected to result in, the failure of anySeller to timely
satisfyanyoftheclosingconditionsspecifiedinthisAgreement.
(b)FromthedateofthisAgreementuntiltheClosing,PurchasershallpromptlynotifySystemaxinwritingregardingany:
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