CompUSA 2015 Annual Report Download - page 94

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(c)EachSellerhasproperlywithheldandtimelypaidtotheproperTaxAuthorityallTaxesrequiredtohavebeenwithheldandpaidin
connectionwithamountspaidorowingtoanyemployee,independentcontractor,creditororotherthirdpartyrelatedtotheBusiness,andhascompliedwithall
informationreportingandbackupwithholdingrequirements,includingmaintenanceofrequiredrecordswithrespecttheretoinconnectionwithanyamountspaid
toanysuchPerson.
(d)NoSellerContractisaTaxindemnityagreement,TaxsharingagreementorsimilarContract.NoSellerContractcreatesajointventure,
partnership,orotherarrangementwhichcouldbetreatedasapartnershipor“disregardedentity”forUnitedStatesfederalincometaxpurposes.
(e)EachSellerhastreateditselfasownerofeachofthePurchasedAssetsforTaxpurposes.NoneofthePurchasedAssetsisthesubjectofa
“safe-harborlease”withintheprovisionsofformerSection168(f)(8)oftheCode,asineffectpriortoamendmentbytheTaxEquityandFiscalResponsibilityAct
of1982.NoneofthePurchasedAssetsdirectlyorindirectlysecuresanydebt,theinterestonwhichistaxexemptunderSection103(a)oftheCode.Noneofthe
PurchasedAssetsis“tax-exemptuseproperty”withinthemeaningofSection168(h)oftheCode.
(f)EachSeller(otherthanTigerDirectCA,Inc.)isa“UnitedStatesperson”withinthemeaningofSection7701(a)(30)oftheCode.
(g)Other than any of the Purchased Assets beingsold by TigerDirect CA Inc, (“ CanadianSeller”),none of the Purchased Assetsare
“taxableCanadianproperty”oftheSellerswithinthemeaningoftheIncome Tax Act (Canada)(the“ITA”).CanadianSellerisnotanon-resident ofCanada
withinthemeaningoftheITA.CanadianSellerisaregistrantforthepurposesofthetaximposedunderPartIXoftheExcise Tax Act (Canada)(the“ETA”)and
itsregistrationnumberis103676441RN0001.NoSeller,otherthantheCanadianSeller,is(orisrequiredtobe)registeredforthepurposesofthetaximposed
underPartIXoftheETA.
6.17 Brokers .SystemaxhasretainedabrokerorfinderinconnectionwiththeTransaction.Systemaxwillpayallresultingbrokerfees.
6.18 No Delay .SellersarenotenteringintotheTransactionwiththeintenttohinder,delayordefraudanyPersontowhichitis,ormaybecome,
indebted.
6.19 No Other Agreement .Otherthanforsalesofassetsintheordinarycourseofbusiness,neitherSellernoranyofitsRepresentativeshasentered
intoanyContractwithrespecttothesaleorotherdispositionofthePurchasedAssetsexceptassetforthinthisAgreement.
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