CompUSA 2015 Annual Report Download - page 96

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7.2 Authority; Binding Nature of Agreements .ThisAgreementhasbeendulyandvalidlyexecutedanddeliveredbyPurchaserandPCM.The
execution,deliveryandperformancebyPCMandPurchaserofthisAgreementandtheconsummation byPCMandPurchaser ofthetransactionscontemplated
herebyarewithinthecorporatepowersofPCMandPurchaserandhavebeendulyauthorizedbyallnecessarycorporateactiononthepartofPCMandPurchaser.
EachofthisAgreementandtheotherTransactionAgreementstowhichitisapartyconstitutesthelegal,validandbindingobligationofPurchaserandPCM,as
applicable, enforceable against Purchaser and PCM, as applicable, in accordance with its terms, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium and other similar Legal Requirements and equitable principles related to or limiting creditors’ rights generally and by general
principlesofequity.
7.3 No Conflicts; Required Consents .  The execution, delivery and performance by Purchaser and PCM of this Agreement or any other
TransactionAgreementtowhichitisapartydonotandwillnot(withorwithoutnoticeorlapseoftime):
(a)conflictwith,violateorresultinanybreachof(i)anyoftheprovisionsofPurchaser’sorPCM’scertificatesofincorporation,bylawsor
other organizational documents, if any; (ii) any resolutions adopted by Purchaser’s or PCM’s stockholders, or their respective boards of directors, similar
governing bodies, or committees thereof; or (iii) any of the terms or requirements of any Governmental Approval held by Purchaser or PCM that relates to
Purchaser’sorPCM’sbusiness;
(b)exceptasdescribedinSection7.3(c),giveanyGovernmentalAuthorityorotherPersontherightto(i)challengetheTransaction;or(ii)
exerciseanyremedyorobtainanyreliefunderanyLegalRequirementoranyOrdertowhichPurchaseroranyofitsassetsissubject;or
(c)require PurchaserorPCMtoobtainanyConsent ormakeordeliver anyfilingornotice toaGovernmentalAuthority, otherthan(i)
compliancewithanyapplicablerequirementsoftheExchangeActandanyotherstate,provincialorfederalsecuritieslaws,and(ii)compliancewithanyapplicable
requirementsoftheNasdaqStockMarket.
7.4 ETA Registrant. TheCanadianPurchaserisaregistrantforpurposesofthetaximposedunderPartIXoftheETAanditsregistrationnumberis
103802435RT0001.
7.5 Canadian Competition Act .ThePurchaser,togetherwithitsaffiliates(asthattermisdefinedinsubsection2(2)oftheCanadianCompetition
Act)haveassetsinCanadathatdonotexceedC$300millioninaggregatevalue,andgrossrevenuesfromsalesin,fromorintoCanadathatdonotexceedC$205
millioninaggregatevalue;ineachcasedeterminedinaccordancewithsubsection109(1)oftheCanadianCompetitionActandtheregulationsthereunder.
7.6 Funding .AsofthedateofthisAgreementandattheClosing, PurchaserandPCMhasandwillhaveavailabilitytoborrowthePurchasePrice
pursuanttoPCM’sexistingcreditfacilitiesandtoutilizesuchborrowingstofulfillPurchaser’sobligationstopaythePurchasePricehereunder.
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