Nautilus 2009 Annual Report Download - page 74
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TABLE OF CONTENTS
i
Page
ARTICLE 1
-
DEFINITIONS
1
ARTICLE 2
-
BASIC TRANSACTION
3
2.1
Purchase and Sale of Assets
3
2.2
Assumption of Liabilities
3
2.3
Purchase Price
3
2.4
Adjustment Procedure
4
2.5
The Closing
5
2.6
Deliveries at the Closing
5
2.7
Allocation
5
ARTICLE 3
-
NAUTILUS
’
REPRESENTATIONS AND WARRANTIES
5
3.1
Organization of Nautilus
5
3.2
Authorization of Transaction
5
3.3
Non
-
contravention
5
3.4
Brokers
’
Fees
6
3.5
Title to Assets
6
3.6
Financial Information
6
3.7
Inventory
6
3.8
Contracts
6
3.9
Terms of Sale
6
3.10
Product Liability
7
3.11
Customers and Suppliers
7
ARTICLE 4
-
BUYER
’
S REPRESENTATIONS AND WARRANTIES
7
4.1
Organization of Buyer
7
4.2
Authorization of Transaction
7
4.3
Non
-
contravention
7
4.4
Brokers
’
Fees
8
ARTICLE 5
-
PRE
-
CLOSING COVENANTS
8
5.1
General
8
5.2
Notices and Consents
8
5.3
Full Access
8