Corum Sample Clauses

Corum. Upon completion of the matters referred to in Section 9.1 and immediately prior to the Closing, the Buyer shall transfer to InfoBasis £80,257 (Eighty Thousand, Two Hundred and Fifty Seven Pounds), and the Principals and Additional Shareholders shall procure that InfoBasis shall promptly then pay such amount to Corum Group Ltd. (“Corum Fee”) in full and final satisfaction of all monies due to Corum Group Ltd. pursuant to a Letter of Understanding dated 14 September 2006 between InfoBasis and Corum Group Ltd. (“Corum Agreement”) under which InfoBasis has agreed to pay Corum the Corum Fee coincident with the sale of the Shares to Xxxxxx.xxx. The Buyer shall transfer an amount equal to the Corum Fee to the bank account of Plainlaw LLP referred to in Section 2.1(g). Such transfer by the Buyer in accordance with this Section 9.4 shall constitute a full discharge of the Buyer’s obligation to make any such payment. The Principals and Additional Shareholders will provide the Buyer with written confirmation from Corum that such payment constitutes a full discharge of InfoBasis’ obligations under the Corum Agreement and that following such payment Corum will not have any claim against InfoBasis on any account whatsoever.
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