Lululemon 2010 Annual Report Download - page 120

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- 23 -
Documents Transferring Equipment:
Other Documents:
ARTICLE 8
CLOSING PROCEDURE
(h) a bill of sale conveying and assuring to the Purchaser good and marketable title in and to the Equipment, free and clear from
any lien, claim, charge or encumbrance of any kind or nature whatsoever;
(i)
a Statement of Adjustments prepared in accordance with section 3.3;
(j) a certificate of the Vendor, dated the Completion Date, that certifies that the Vendor has complied with all of its obligations
under this Agreement in all material respects and that each of the warranties and representations of the Vendor set out herein is
true and accurate on the Completion Date in all material respects;
(k)
a mutual undertaking to make final adjustments in accordance with section 3.3; and
(l) such further documentation relating to the completion of the transaction contemplated herein as the Purchaser or the Vendor
may reasonably require.
7.2
D
ELIVERY
OF
C
LOSING
D
OCUMENTS
BY
P
URCHASER
.
On or before the Completion Date, the Purchaser will cause the Purchaser’s Solicitors to deliver to the Vendor’s Solicitors the
following documents to be dealt with pursuant to Article 8:
(a)
any documents contemplated by section 7.1 which require execution or delivery by the Purchaser, executed by the Purchaser;
(b)
the HST Certificate, executed by the Purchaser; and
(c) such further documentation relating to the completion of the transactions contemplated herein as the Vendor may reasonably
require.
7.3
REPARATION
OF
C
LOSING
D
OCUMENTS
.
Except for the Statement of Adjustments, which will be prepared by the Vendor pursuant to section 3.3, the closing documents
contemplated in sections 7.1 and 7.2 will be prepared by the Purchaser’s Solicitors, for approval by the Vendor’s Solicitors, acting
reasonably, and delivered to the Vendor’s Solicitors by the Purchaser’s Solicitors at least two (2) Business Days prior to the
Completion Date. All documents referred to in sections 7.1 and 7.2 will be in form and substance reasonably satisfactory to the
solicitors for the party entitled to delivery thereof.
8.1
AYMENT
IN
T
RUST
.
On or before the Completion Date, the Purchaser will pay to the Purchaser’s Solicitors in trust the amount due to the Vendor pursuant
to subsection 2.3(c), as adjusted pursuant to section 3.3, less the amount to be advanced to the Purchaser on the Completion Date under
any mortgage financing arranged by the Purchaser.