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ASSET PURCHASE AGREEMENT

Asset Purchase Agreement

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This Asset Purchase Agreement involves

EURONET WORLDWIDE INC

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Title: ASSET PURCHASE AGREEMENT
Governing Law: Kansas     Date: 3/15/2004
Industry: Consumer Financial Services     Sector: Financial

ASSET PURCHASE AGREEMENT, Parties: euronet worldwide inc
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BODINE AND DAVID HAWKINS +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0-black align+AD0-left+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Dated: August 23, 2003 +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-TABLE OF CONTENTS+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-i +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-THIS ASSET PURCHASE AGREEMENT +ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(this +ADw-b+AD4gHA-Agreement+IB0APA-/b+AD4-) is made as of August 23, 2003, among: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-EURONET WORLDWIDE, INC., a Delaware corporation (the +ADw-b+AD4gHA-Buyer+IB0APA-/b+AD4-) whose principal place of business is at 4601 College Boulevard, 66211 Leawood, Kansas 66211+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Austin International Marketing and Investments, Inc., a Kansas corporation, located at 7009 West 81+ADw-/span+AD4APA-sup+AD4APA-span style+AD0-'font-size:7.5pt+ADs-color:black'+AD4-st+ADw-/span+AD4APA-/sup+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4-, Suite 101, Overland Park, Kansas 66204 (the +ADw-b+AD4gHA-Seller+IB0APA-/b+AD4-)+ADs- and +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Joseph P. Bodine, residing at 4314 W. 112+ADw-/span+AD4APA-sup+AD4APA-span style+AD0-'font-size:7.5pt+ADs-color:black'+AD4-th+ADw-/span+AD4APA-/sup+AD4APA-span style+AD0-'font-size:10.0pt+ADs- color:black'+AD4- Terrace, Leawood, Kansas 66211, and David Hawkins, residing at 816 Wagon Knob Road, Odessa, Missouri 64076 (Mr. Bodine and Mr. Hawkins are collectively referred to herein as the +ADw-b+AD4gHA-Shareholders+IB0APA-/b+AD4-.) +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-WHEREAS: +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-A. +ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Seller is engaged in the Business, as defined on +ADw-u+AD4-Schedule 1+ADw-/u+AD4- to this Agreement, and desires to transfer to Buyer the Business and all of its properties and assets related to such Business+ADs- and +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-B.+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- Buyer desires to acquire such Business, properties and assets, all upon the terms and conditions set forth herein+ADs- +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-C.+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- Certain capitalized terms used herein but not defined elsewhere in this Agreement are defined in +ADw-u+AD4-Schedule 1+ADw-/u+AD4- hereof. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-IN CONSIDERATION +ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size: 10.0pt'+AD4-of the mutual covenants, agreements, representations and warranties contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Buyer and Seller agrees as follows: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1. PURCHASE AND SALE OF ASSETS +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Purchase and Sale+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. On the terms and subject to the conditions of this Agreement, Seller will, at Closing, sell, convey, transfer, assign and deliver to Buyer, and Buyer will purchase and acquire from Seller, free and clear of all liens (except for Permitted Liens), the entire right, title and interest in and to the following assets (+IBw-collectively, the +ADw-b+AD4gHA-Assets+IB0APA-/b+AD4-): +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.1.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Personal Property+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All furniture, computers, printers, software, files, books, records, tools, supplies, equipment, furnishings, and all other tangible personal property owned by Seller or used in the Business as of the date hereof or acquired for use in the Business by Seller between the date hereof and the Closing, including the items described in +ADw-u+AD4-Schedule 1.1.1+ADw-/u+AD4- (the +ADw-b+AD4gHA-Personal Property+IB0APA-/b+AD4-). +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.2.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Inventory+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All inventory and supplies (the +ADw-b+AD4gHA-Inventory+IB0APA-/b+AD4-) owned by Seller in the Business as of the Closing, including the PIN, card, and signage inventory described in +ADw-u+AD4-Schedule 1.1.2.+ADw-/u+AD4- +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.3.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Contract Rights+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All Contracts, as defined in Section 2.13, that are assignable to Buyer without consent or for which consent to assignment to Buyer has been obtained on or before the Closing (the +ADw-b+AD4gHA-Transferred Contracts+IB0APA-/b+AD4-). +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4-+ADw-span style+AD0-'font-size:10.0pt'+AD4-1.1.4.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Accounts Receivable+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All accounts receivable (the +ADw-b+AD4gHA-Receivables+IB0APA-/b+AD4-) of Seller outstanding as of the Closing, including those receivables listed on +ADw-u+AD4-Schedule 1.1.4+ADw-/u+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.5.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Permits+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All Permits that are assignable to Buyer. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.6.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Records+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All of Seller+IBk-s documents, records, files and reports, whether written, printed or electronically stored, related to the Business or the Assets. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.7.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Certain Claims+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All of Seller+IBk-s rights and incidents of interest in and to causes of action, suits, proceedings, judgments, claims and demands of any nature, whenever maturing or asserted, relating to or arising directly or indirectly out of the Assets or the Business, including all interests in and rights to claims under insurance policies and insurance contracts and claims thereunder. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.1.8.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Intangible Assets+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All goodwill of Seller associated with the Business, all Intellectual Property Rights owned or used by Seller, including the trade name +IBw-Austin International Marketing and Investments, Inc.+IB0-, all telephone listings and telephone numbers, all lists of customers, files, books and records and other information relating to the day to day carrying on of the Business by Seller, and all other rights used by Seller in connection with the Business (collectively, the +ADw-b+AD4gHA-Goodwill+IB0APA-/b+AD4-). +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.2.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Excluded Assets+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Notwithstanding the Assets described in Section 1.1, the properties, assets, rights and interests owned by Seller and listed on +ADw-u+AD4-Schedule 1.2+ADw-/u+AD4- (collectively, the +ADw-b+AD4gHA-Excluded Assets+IB0APA-/b+AD4-) will be retained by Seller and will not be included in the Assets transferred to Buyer at the Closing. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.3.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Liabilities+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Subject to the terms and conditions of this Agreement, Buyer will, as of the Closing Date, assume and agree to discharge only those unpaid obligations and liabilities and trade payables included in the Seller+IBk-s Financial Statements attached hereto as +ADw-u+AD4-Schedule 2.17.1+ADw-/u+AD4- and all liabilities and obligations arising after the date hereof with respect to any Contracts transferred to Seller in accordance with this Agreement. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1.4.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Payment of Purchase Price+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Buyer will pay the purchase price for the Assets as provided in +ADw-u+AD4-Schedule 1.4+ADw-/u+AD4- (the +ADw-b+AD4gHA-Purchase Price+IB0APA-/b+AD4-). Notwithstanding any provision to the contrary, the payment of the Purchase Price shall not, in any way, be contingent upon either of the Shareholders+IBk- employment or affiliation with Buyer. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2. REPRESENTATIONS AND WARRANTIES OF SELLER +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:24.45pt+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Seller and the Shareholders, jointly and severally, hereby represent and warrant to Buyer as follows, and acknowledge and confirm that Buyer is relying upon such warranties and representations in connections with the purchase of the Assets. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.1.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Organization, Power and Authority+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Seller is a corporation duly organized, validly existing and in good standing under the Laws of the State of Kansas, and has the power and authority to own, operate and lease its properties and carry on the Business as it is presently being conducted. Except for such lack of qualification that will not have a Material Adverse Effect on the Business, the Seller is duly qualified and licensed to transaction business in each jurisdiction in which the nature of the Business or the location of its properties makes such qualification or licensing necessary. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.2.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Validity of Agreement+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Seller has the authority to execute and deliver this Agreement and the other agreements, documents and instruments entered into or to be entered into by Seller in connection with this Agreement (this Agreement, together with such other agreements, documents and instruments required to be entered into by Seller by this Agreement being herein referred to collectively as the +ADw-b+AD4gHA-Seller+IBk-s Agreements+IB0APA-/b+AD4-), to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby without the necessity of any act or Consent of any other Person. The Seller+IBk-s Agreements constitute, or will, when executed and delivered, constitute the valid and legally biding obligations of Seller and the Shareholders, enforceable against the Seller and/or the Shareholders in accordance with their terms. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.3.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Conflicts and Defaults+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Except as set forth on +ADw-u+AD4-Schedule 2.3+ADw-/u+AD4-, neither the execution and delivery of Seller+IBk-s Agreements by Seller, nor the performance by Seller of the transactions contemplated hereby will (i) violate or conflict with any of the terms of the Articles of Incorporation or Bylaws of Seller or any provision thereof+ADs- (ii) violate or constitute an occurrence of default under any provision of, or conflict with, or result in acceleration of default under, or give rise to a right by any party to terminate its obligations under, any contract, sales commitment, license, permit, purchase order, security agreement, mortgage, conveyance to secure debt, note, deed, loan, Lien, lease, agreement, instrument, order, judgment, decree or other arrangement by which any of the Assets are affected+ADs- (iii) result in the creation or imposition +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-of any Liens in favor of any third Person upon any of the Assets+ADs- or (iv) result in the violation or breach of or conflict with any Law applicable to Seller or any of the Assets, except such violations or conflicts as do not have a Material Adverse Affect. Seller is not in violation of its Articles of Incorporation or Bylaws and, to Seller+IBk-s knowledge, except as set forth on +ADw-u+AD4-Schedule 2.3+ADw-/u+AD4-, Seller is not in violation of or default under any provision of any contract, Permit, order, judgment, decree to which Seller is a party or is bound or by which any of the Assets are affected which would have a Material Adverse Effect, and to Seller+IBk-s and Shareholders+IBk- knowledge there exists no condition or event which, after notice or lapse of time or both, would result in any such violation or default. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.4.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Ownership of Assets and Leases+ADs- Condition+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. At the Closing Seller will have good and marketable title to or a valid and enforceable leasehold interest in, as the case may be, the Assets, free and clear of any Liens, except for Liens expressly set forth in the Contracts (+ADw-b+AD4gHA-Permitted Liens+IB0APA-/b+AD4-). Except in connection with this Agreement, no person has any right to acquire the Assets or any portion thereof. Since the Balance Sheet Date, none of the Assets have been materially and adversely affected in any way as a result of any casualty, whether or not covered by insurance. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.5.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Real Property+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-u+AD4-Schedule 2.5+ADw-/u+AD4- constitutes a complete and correct list of all Real Property that was leased or used in the Business by Seller. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.6.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Licenses and Permits+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. To Seller+IBk-s and Shareholders+IBk- knowledge, +ADw-u+AD4-Schedule 2.6+ADw-/u+AD4- sets forth a correct and complete list of all Permits required for the conduct of the Business immediately prior to the Closing under any applicable Law. To Seller+IBk-s knowledge, Seller is in compliance with all of the material terms and conditions of the Permits. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.7.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Nondisclosure and Non-competition Agreements+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Except as set forth on +ADw-u+AD4-Schedule 2.7+ADw-/u+AD4-, Seller is not a party to or bound by any nondisclosure, know-how or other similar technology agreement relating to the Business, nor is Seller a party to any non-competition agreement or covenant, or any similar agreement relating to the Business. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.8.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Labor Relations+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Seller is not a party to any collective bargaining or union contract and to Seller+IBk-s knowledge there is no current union organization effort with respect to Seller+IBk-s employees. During the most recent two-year period, Seller has not received any notice of, and there have not been, any strikes, slowdowns, work stoppages, lockouts or threats thereof, by or with respect to any of Seller+IBk-s employees. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-4 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.9.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Employees and Employee Plans+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.9.1.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Schedule 2.9.1+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- lists (i) all employees of Seller and their respective starting dates, current titles, current rates of pay and benefits and (ii) all Employee Plans. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.9.2.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Neither Seller nor the Shareholders have taken any action directly or indirectly to obligate Seller to adopt any additional Employee Plans. True, correct and complete copies of all written Employee Plans and related documents, including amendments thereto, any related trust agreements, any documents setting out Seller+IBk-s employee policies and procedures, any insurance contracts under which benefits are provided, as currently in effect, and descriptions of any such plan that is not written, have been supplied to Buyer. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.9.3.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Seller has fulfilled its obligations, to the extent applicable, under the minimum funding requirements of Section 302 of ERISA and Section 412 of the Code, with respect to each +IBw-employee plan+IB0- (as defined in Section 3(2) of ERISA) set forth in +ADw-u+AD4-Schedule 2.9.1+ADw-/u+AD4-. To Seller+IBk-s knowledge, each Employee Plan is in compliance with and has been administered in all respects consistent with, the presently applicable provisions of ERISA, the Code and other applicable Laws. Seller has made all payments to all Employee Plans as required by the terms of each such plan in accordance, if applicable, with the actuarial and funding assumptions in effect as of the most recent actuarial valuations of such plans. Seller has funded or will fund each Employee Plan attributable to it in accordance with the terms thereof through Closing, including payment of applicable premiums on any insurance contract funding an Employee Plan for coverage provided through Closing. To the extent that any annual contribution for the current year is not yet required for any Employee Plan as of the Closing Date, Seller will make a pro rata contribution to such plan for the period ended at the Closing Date or said contribution will be accrued on the closing balance sheet. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.9.4.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-To Seller+IBk-s knowledge, no +IBw-prohibited transaction+IB0-, as defined in Section 406 of ERISA and Section 4975 of the Code, has occurred in respect of any such Employee Plan, and no civil or criminal action brought pursuant to Part 5 of Title I of ERISA is pending or to Seller+IBk-s knowledge threatened in writing or orally against any fiduciary of any such plan. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.10.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Litigation+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.10.1.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Except as set forth on +ADw-u+AD4-Schedule 2.10.1+ADw-/u+AD4-, no litigation, action, suit, judgment, investigation, claim or proceeding is pending or to Seller+IBk-s knowledge threatened against Seller or the Assets, either at Law or in equity, before any Governmental Authority or any arbitration panel. To +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-5 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-13+ACUAIg- style+AD0-'width:13.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4-+ADw-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Seller+IBk-s knowledge, there are no facts or circumstances or other events which have occurred that reasonably can be expected to give rise to any such litigation. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.10.2.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-There are no obligations or restrictions imposed on Seller, Seller+IBk-s conduct of the Business or the Assets as a result of any litigation involving Seller or the Assets. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.11.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Tax+ADw-/span+AD4-+ADw-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.11.1.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Except as set forth on +ADw-u+AD4-Schedule 2.11.1+ADw-/u+AD4-, Seller has, as of the date hereof, correctly and properly prepared, and will prior to Closing have duly and timely filed, all Tax Returns required to be filed by it prior to such dates and has timely paid, or will prior to Closing timely pay, all Taxes shown as due on such returns and reports, including all withholding or other payroll related taxes shown on such returns and reports. No assessments or notices of deficiency or other communications have been received by Seller with respect to any such Tax Return which has not been paid in full, completely discharged or fully reserved in the Seller Financial Statements. There are no agreements between Seller and any Governmental Authority, including the Internal Revenue Service, waiving or extending any statute of limitations for assessment or collection with respect to any Tax Return which Seller has filed. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.11.2.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Except as set forth on +ADw-u+AD4-Schedule 2.11.2+ADw-/u+AD4-, Seller (i) has timely withheld proper and correct amounts in compliance with the Tax withholding provisions of all applicable Laws for all compensation paid to Seller+IBk-s officers and employees, (ii) has correctly and properly prepared and duly and timely filed all returns and reports relating to those amounts withheld from its officers and employees and to its employer liability for employment Taxes under the Code and applicable state and local Laws and (iii) has duly and timely paid and remitted to the appropriate Governmental Authorities the amounts withheld from its officers and employees and any additional amounts that represent its employer liability under applicable Law for employment Taxes, except where the failure to take any of the above actions could not reasonably be expected to have a Material Adverse Effect. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.11.3.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-No issue has been raised by the Internal Revenue Service or any state or local Governmental Authority in connection with any audit of Tax Returns or reports which Seller has filed that will have, or can be expected to have, a Material Adverse Effect. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.11.4.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-The Seller Financial Statements include for all periods up to and including the Closing Date, adequate provision for all unpaid applicable Taxes hereof relating to Seller. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span 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Except as set forth on +ADw-u+AD4-Schedule 2.12+ADw-/u+AD4-, to Seller+IBk-s knowledge Seller has complied with all Laws, except where the failure of Seller to comply could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. To Seller+IBk-s knowledge, no fact, circumstance, condition or situation exists which, after notice or lapse of time or both, would constitute noncompliance by Seller (except where such noncompliance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect) or give rise to any future liability of Seller with respect to any Laws heretofore or currently in effect. Seller is not required to make any unusual expenditure to achieve or maintain compliance with any Laws. Seller has not received notice of any violation of any Law, or any potential liability under any Law, nor is Seller aware of any such violation. Except as set forth on Schedule 2.12, to the knowledge of Seller, there is not any present requirement of any applicable Law which is due to be imposed on Seller or the Assets that is reasonably likely to increase the cost of complying with such Laws. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.13.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Contracts+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-u+AD4-Schedules 2.13 (a), (b) and (c)+ADw-/u+AD4- to this Agreement constitute a complete and accurate list of each contract, lease, agreement, engagement or commitment, whether oral or written, express or implied relating to the Business, to which Seller is a party by which Seller or any of the Assets is bound (the +ADw-b+AD4gHA-Contracts+IB0APA-/b+AD4-). +ADw-u+AD4-Schedule 2.13(a)+ADw-/u+AD4- includes a complete and accurate list of all carriers or providers of wireless or land based telecommunications services from which Seller has purchased the Products or other telecommunications time or services +ADw-b+AD4-(+IBw-Telecom Carriers+IB0-), +ADw-/b+AD4-together with a list of all contracts or amendments thereto that have been entered into between such Telecom Carriers and Seller. +ADw-u+AD4-Schedule 2.13(b)+ADw-/u+AD4- constitutes a complete and accurate list of all persons or entities acting as resellers of telecommunications services, and includes a complete and accurate list of (i) all ISOs, agents or distributors who are promoting the sale of the Products or are commissioned based on the sales of the Products, including all undocumented relationships with agents and distributors +ADw-b+AD4-(+IBw-Undocumented Agency Relationships+IB0-)+ADs- +ADw-/b+AD4-and (ii) all merchants or retailers offering the Products for sale, including those operating POS terminals. +ADw-u+AD4-Schedule 2.13(c)+ADw-/u+AD4- is a complete and accurate list of all other contracts entered into by Seller or the Shareholders in connection with the Business. In each case, Schedule 2.13 indicates the name and address of the contracted party and identifies the type of contract concerned. Seller has delivered or made available to Buyer complete copies of all Contracts and all modifications or amendments thereto. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-7 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.14.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Consents+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. The parties acknowledge that many of the Contracts require consent of the other contracting party prior to an assignment or transfer thereof and that consents, in many cases, will not be obtained. Buyer and (subject to the terms of +ADw-u+AD4-Section 4.1+ADw-/u+AD4-) Seller will continue to attempt to obtain consents to assignment for all of the Contracts following the Closing. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.15.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Brokers, Finders and Agents+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Seller is not directly or indirectly obligated to anyone acting as an agent, broker, finder or in any other similar capacity in connection with this Agreement or Seller+IBk-s Agreements or the transactions contemplated hereby or thereby. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.16.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Insurance+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-u+AD4-Schedule 2.16+ADw-/u+AD4- to this Agreement constitutes a full and complete list of all insurance policies maintained by Seller with respect to the Assets. All such policies are in full force and effect and, to Seller+IBk-s knowledge, no event has occurred that would give any insurance carrier a right to terminate any such policy. All premiums due on such policies have been paid in full. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.17.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Financial Matters and Liabilities of Seller+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.17.1.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Schedule 2.17.1+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- to this Agreement contains true, correct and complete copies of Seller+IBk-s balance sheets as of July 31, 2003, and the related statements of earnings and retained earnings (the +ADw-b+AD4gHA-Seller Financial Statements+IB0APA-/b+AD4-). The Seller Financial Statements are complete, have been prepared in accordance with Seller+IBk-s normal practices, fully and properly reflect all transactions of the Seller, fairly present the financial condition of Seller as of the respective dates thereof and disclose all known liabilities of Seller, whether absolute, contingent, accrued or otherwise, existing as of the date thereof. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.17.2.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Seller has, and the Business is subject to, no liability or obligation (whether accrued, absolute, contingent or otherwise), except for (a) the liabilities and obligations which are disclosed or reserved against in the Seller Financial Statements to the extent and in the amounts so disclosed or reserved against, and (b) liabilities incurred or accrued in the Ordinary Course since the Balance Sheet Date. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.17.3.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Since the Balance Sheet Date, except for the payment of available cash to the Shareholders at or prior to Closing, there has not been (i) any Material Adverse Change in Seller+IBk-s financial condition or the financial condition, (ii) any sale or transfer of any assets or properties except in the Ordinary Course with suitable replacements therefor, or (iii) capital expenditures by Seller involving payment in the aggregate in excess of +ACQ-5,000. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- valign+AD0-top style+AD0-'width:5.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.17.4.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-The Financial Projections referred to in +ADw-u+AD4-Schedule 2.17.4+ADw-/u+AD4- reflect Seller+IBk-s good faith estimate of the future financial performance of Seller. To the knowledge of Seller, except as disclosed in the Financial Projections or +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-8 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-13+ACUAIg- style+AD0-'width:13.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-any commentary thereto furnished by Seller, there are no market or business conditions or developments relating to the Business that could reasonably be expected in the future to have a Material Adverse Effect. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.18.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Accounts Payable+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All the accounts payable of the Business reflect actual transactions and have been incurred by Seller in the Ordinary Course. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.19.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Accounts Receivable+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. All the Receivables will reflect actual transactions, have arisen from bona fide transactions in the Ordinary Course and are not subject to any material setoff or counterclaim. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- 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2.20.3+ADw-/u+AD4-, Seller owns and has the exclusive right to use and sell, transfer and convey to Buyer the Intellectual Property Rights free and clear of all Liens and free from any past, present or future royalty payments, license fees, charges or other payments, conditions or restrictions. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4-+ADw-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- 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2.20.5+ADw-/u+AD4-, to the knowledge of Seller the conduct by Seller of the Business does not infringe upon and no claim or allegation has been made that the conduct of the Business infringes upon any trademark, trade name, service mark, patent, invention, know-how, copyright, confidential business information, trade secret, proprietary information, industrial design, drawing, process, or formula owned or licensed by any third party. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- 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+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-9 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span 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Except for the distribution of cash to Shareholders at or prior to Closing, since the Balance Sheet Date the Seller has conducted the Business in the Ordinary Course (as defined herein) and has not engaged in any action that would have violated Section 4.6 hereof had such Section applied to the Seller during such time period. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.23.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Disclosure+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. This Agreement and the Schedules hereto disclose all facts material to Seller and the Assets. Neither this Agreement nor any other certificate, financial statement or other document delivered to Buyer in connection therewith contains an untrue statement of a material fact or omits to state a material fact necessary to make the statements and facts contained therein, in light of the circumstances in which they were or are made, not false or misleading. Any disclosure made in any Schedule hereto shall be deemed to be made in any other Schedule where applicable. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2.24.+ACY-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Accuracy+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. The representations and warranties of Seller set forth in this Agreement are true and correct on the date of this Agreement and will be true and correct as of the Closing (with the same force and effect as if such representations and warranties were made anew at and as of the Closing). +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3. REPRESENTATIONS AND WARRANTIES OF BUYER +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:24.45pt+ADs- margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Buyer hereby represents and warrants to Seller as follows: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.1.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Organization, Power and Authority+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the corporate power and authority to own, operate and lease its properties and to carry on its business as presently being conducted. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.2.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Validity of Agreement+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. This Agreement, together with the other agreements, documents and instruments required to be entered into by Buyer by this Agreement (collectively, +IBw-Buyer Agreements+IB0-), will, when executed and delivered by Buyer, constitute the legal, valid and binding obligations of the Buyer, enforceable against the Buyer in accordance with their respective terms. The Buyer has the corporate power and authority to enter into the Buyer Agreements and to undertake and perform fully the transactions contemplated hereby and thereby. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.3.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Conflicts and Defaults+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-. Neither the execution and delivery of the Buyer Agreements by Buyer nor the performance by Buyer of the transactions contemplated hereby or thereby will violate or conflict with any of the terms of the Articles of Incorporation or Bylaws of Buyer or any provisions thereof. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.4.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Capitalization of Buyer.+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4- The authorized capital stock of Buyer consists of (i) sixty million (60,000,000) shares of common stock, +ACQ-0.02 par value per +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-10 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-8+ACUAIg- style+AD0-'width:8.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-share +ADw-b+AD4-(+IBw-Common Stock+IB0-), +ADw-/b+AD4-of which, as of June 30, 2003, approximately 26,681,768 were outstanding, and (ii) ten million (10,000,000) shares of preferred stock, +ACQ-1.00 par value per share, none of which are outstanding. All of the outstanding shares of Common Stock have been validly issued and are fully paid, nonassessable and not subject to any preemptive rights, and all shares of Common Stock issued pursuant to this Agreement will be, when issued, duly authorized and validly issued, fully paid, nonassessable and not subject to any preemptive rights. All of the outstanding shares of Common Stock and options and warrants to purchase shares of Common Stock (collectively, +IBw-Buyer Securities+IB0-) were issued in compliance with the Securities Act and applicable state securities laws. There are no stockholder agreements, voting trusts or other arrangements or understandings to which Buyer is a party or by which it or the Buyer+IBk-s Board of Directors is bound. Approximately 925,000 shares of Buyer are issued and held by Buyer in its treasury as of the date hereof. +ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in 0in 0in 0in'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0AIg-4+ACUAIg- style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0AIg-4+ACUAIg- valign+AD0-top style+AD0-'width:4.0+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3.5.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td valign+AD0-top style+AD0-'padding:0in 0in 0in 0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-u+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-SEC Reports+ADs- Financial Statements+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'font-size:10.0pt'+
 
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