Nautilus 2006 Annual Report Download - page 86
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“Seller” has the meaning given such term in the Preliminary Statements hereof.
“Seller’s Non-Competition Agreement” shall mean the Non-Competition, Non-Disclosure and Non-
Solicitation Agreement, between
Seller and Nautilus, in substantially the form of Exhibit A hereto.
“Shareholder” shall mean each of (*), who are sometimes collectively referred to as the “Shareholders”
“Shareholders’ Non-Competition Agreement” shall mean the Non-Competition, Non Disclosure and Non-Solicitation Agreement,
among the Shareholders and Nautilus, in substantially the form of Exhibit B hereto.
“Taxes” shall mean all tax and stamp duties charges, tariffs or other assessments charged by any Government Authority (including,
without limitation, business, income, capital gain, value added, use, transfer, sales, deed and excise or custom tax, and stamp duties
and however termed).
“Tangible Personal Property” all machinery, equipment, tools, dyes, molds, furniture, fixtures, office equipment, computer
hardware, supplies, materials, vehicles and other items of tangible personal property (other than Inventory) of every kind owned or
leased by Seller (wherever located and whether or not carried on Seller’s books), together with any express or implied warranty by the
manufacturers or sellers or lessors of any item or component part thereof and all maintenance records and other documents relating
thereto.
“Transaction Documents” mean each of this Agreement, Seller’s Non-Competition Agreement, the Shareholders’ Non-Competition
Agreement, the Escrow Agreement, the (*) Consulting Agreement, and each of the documents to be delivered by Seller pursuant to
Section 2.6 below.
“U.S. Dollars,” “US$” or “$” shall mean the currency of the United States of America.
“U.S. GAAP” shall mean United States generally accepted accounting principles.
5
Article 1.2 Construction of Certain Terms and Phrases . Unless the context of this Agreement otherwise requires, (i) words of any
gender include each other gender; (ii) words using the singular or plural number also include the plural or singular number,
respectively; (iii) the terms “hereof,” “herein,” “hereby” and derivative or similar words refer to this entire Agreement; and
(iv) the terms “Article” or “Clause” refer to the specified Article or Clause of this Agreement. Whenever this Agreement
refers to a number of days, such number shall refer to calendar days unless Business Days are specified.
(*) Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested
with respect to the omitted portions.