CompUSA 2015 Annual Report Download - page 95

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6.20 Privacy .SellersareconductingtheBusinessincompliancewithallapplicableLegalRequirementsgoverningprivacyandtheprotectionof
personalinformation,includingthePersonal Information Protection and Electronic Documents Act (“PIPEDA”),otherthanactsofnon-compliancewhichwould
nothaveaMaterialAdverseEffect.Sellershaveawrittenprivacypolicywhichgovernsthecollection,useanddisclosureofpersonalinformationandSellersare
incomplianceinallmaterialrespectswithsuchpolicy.
6.21 Canadian Competition Act and Investment Canada Act .
(a)TheSellers,togetherwiththeiraffiliates(asthattermisdefinedinsubsection2(2)oftheCanadianCompetitionAct)haveassetsin
CanadathatdonotexceedC$100millioninaggregatevalue,andgrossrevenuesfromsalesin,fromorintoCanadathatdonotexceedC$195millioninaggregate
value;ineachcasedeterminedinaccordancewithsubsection109(1)oftheCanadianCompetitionActandtheregulationsthereunder.
(b)TheBusinessinCanadadoesnotcarryonanyoftheactivitiesofa“culturalbusiness”asthattermisdefinedinsubsection14.1(6)ofthe
InvestmentCanadaAct.
6.22 Full Disclosure .
(a)TotheKnowledgeofSellers,thereisnofact(otherthanpubliclyknownfactsrelatedexclusivelytopolitical,marketplace,accountingor
economicmattersofgeneralapplicabilitythatwilladverselyaffectEntitiescomparabletoSeller)thatmayhaveaMaterialAdverseEffectotherthanasmaybeset
forthontheSellerDisclosureSchedule.
(b)EachrepresentationandwarrantysetforthinthisARTICLE6isnotqualifiedinanywaywhatsoeverexceptasexplicitlyprovidedtherein
orintheSellerDisclosureSchedule,willnotmergeonClosingorbyreasonoftheexecutionanddeliveryofanyContractattheClosing,willremaininforceon
andimmediately aftertheClosingDatefortheperiodprovided inSection10.1, isgivenwiththe intentionthatLiabilityisnot limitedtobreachesdiscovered
beforeClosing,isseparateandindependentandisnotlimitedbyreferencetoanyotherrepresentationorwarrantyoranyotherprovisionofthisAgreementorthe
otherTransactionAgreements,andismadeandgivenwiththeintentionofinducingPurchasertoenterintothisAgreementortheotherTransactionAgreements.
ARTICLE 7.
REPRESENTATIONS AND WARRANTIES OF PURCHASER AND PCM
Purchaser and PCM hereby represent and warrant, jointly and severally, as of the date hereof and as of the Closing Date to Sellers and Systemax as
follows:
7.1 Organization and Good Standing .U.S.Purchaserisdulyorganized,validlyexistingandingoodstandingunderthelawsofDelaware.
Canadian Purchaser is duly organized, validly existing and in good standing under the laws of Alberta.  PCM is duly organized, validly existing and in good
standingunderthelawsofDelaware.PCMhasheretoforemadeavailabletoSellerstrueandcompletecopiesofthecertificatesofincorporationandbylawsof
PCMandPurchaserasineffectonthedatehereof.U.S.PurchaserisadirectwhollyownedsubsidiaryofPCM.CanadianPurchaserisadirectwhollyowned
subsidiaryofPCMSalesCanada,Inc.,andPCMSalesCanada,Inc.isadirectwhollyownedsubsidiaryofPCM.
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