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4.7 Reasonable Commercial Efforts .FromthedateofthisAgreementuntiltheClosing,eachofSystemaxandSellersontheonehand,andPCM
andPurchaserontheotherhand,shallusetheirrespectivereasonablecommercialeffortstocausetobefulfilledandsatisfiedalloftheotherparty’sconditionsto
ClosingsetforthinARTICLE3.
4.8 Purchaser Replacement Guaranties . InconnectionwithSellersobtainingtheconsentsfortheassignmentoftheLeasedRealProperty(or
consent to sublease pursuant to the Real Property Subleases), Purchaser or PCM shall provide replacement guaranties in form and substance similar to the
guaranties being terminated by Sellers and otherwise satisfactory to the respective landlords.  No Seller shall terminate any such guaranty prior to the valid
assignmentoftheLeasedRealPropertytoPurchaser(orpriortoreceivingconsenttosubleasepursuanttotheRealPropertySubleases).
ARTICLE 5.
TERMINATION
5.1 Circumstances for Termination .AtanytimepriortotheClosing,thisAgreementmaybeterminatedbywrittennoticeexplainingthereason
forsuchtermination(withoutprejudicetootherremedieswhichmaybeavailabletothepartiesunderthisAgreementorpursuanttoanyLegalRequirement):
(a)bythemutualwrittenconsentofPurchaserandSeller;
(b)byPurchaserif(i)SellershavenotsatisfiedalloftheclosingconditionssetforthinSection3.2hereofpriortoDecember31,2015(the“
DropDeadDate”),and(ii)neitherPurchasernorPCMis,onthedateoftermination,inmaterialbreachofanymaterialprovisionofthisAgreement;or
(c)bySellersif(i)PurchaserhasnotsatisfiedalloftheclosingconditionssetforthinSection3.3hereofonorpriortotheDropDeadDate,
and(ii)Sellersarenot,onthedateoftermination,inmaterialbreachofanymaterialprovisionofthisAgreement.
5.2 Effect of Termination .IfthisAgreementisterminatedinaccordancewithSection5.1,allobligationsofthepartieshereunderafterthedateof
such termination shall terminate; provided , however , that nothing herein shall relieve any party from Liability for the pre-termination breach of any of its
covenantsoragreementssetforthinthisAgreement.
ARTICLE 6.
REPRESENTATIONS AND WARRANTIES OF SELLERS
Subject to Section 11.9 , except as disclosed in any publicly available current, quarterly or annual report filed by Systemax with the Securities and
ExchangeCommissionsinceJanuary1,2015andbeforethedateofthisAgreement(the“SECFilings”),orasspecificallysetforthonSchedule6(the“Seller
Disclosure Schedule ”) attached to this Agreement, Sellers, jointly and severally, hereby represent and warrant as of thedate of this Agreement and as of the
ClosingDate(withoutlimitinganyotherrepresentationsorwarrantiesmadebySellersinthisAgreementoranyotherTransactionAgreement)toPurchaserand
PCMasfollows,andSellersagreeandacknowledgethateachofPurchaserandPCMisrelyingupontherepresentationsandwarrantiesinconnectionwiththe
Transaction:
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