PURCHASE AND SALE 1. SECTION 2.1. Purchase and Sale of the Shares 1 SECTION 2.2. Purchase and Sale of the Assets 2 SECTION 2.3. Determination of Closing Date Net Working Capital Amount 2 SECTION 2.4. Adjustments 4 SECTION 2.5. Allocation of Purchase Price 5 ARTICLE III THE CLOSING 5 SECTION 3.1. Closing Date 5 SECTION 3.2. Transactions to be Effected at the Closing 6 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE SELLERS 7 ARTICLE V REPRESENTATIONS AND WARRANTIES OF GC, ASIA GC, GC NORTH AMERICA AND SATURN 10 SECTION 5.1. Organization and Standing 10 SECTION 5.2. Capital Stock and Share Capital of the Companies 10 SECTION 5.3. Subsidiaries 11 SECTION 5.4. Financial Statements 11 SECTION 5.5. Absence of Certain Changes 12 SECTION 5.6. Litigation 14 SECTION 5.7. Compliance with Applicable Laws 14 SECTION 5.8. Material Contracts 14 SECTION 5.9. Intellectual Property 15 SECTION 5.10. Benefit Plans 16 SECTION 5.11. Taxes 19 SECTION 5.12. Environmental Matters 20 SECTION 5.13. Insurance 21 SECTION 5.14. Major Customers and Suppliers 22 SECTION 5.15. Labor Matters 22 SECTION 5.16. Product Warranty 22 SECTION 5.17. Fairness Opinions 23 SECTION 5.18. Certain IPC Entity Guarantees and Obligations 23 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE BUYER 23 SECTION 6.1. Organization and Existence 23 SECTION 6.2. Authorization 23 SECTION 6.3. Consent and Filings 23 SECTION 6.4. Noncontravention 24 SECTION 6.5. Litigation 24 SECTION 6.6. Brokers and Intermediaries 24 SECTION 6.7. Investment Intent 24 SECTION 6.8. Investigation 24 SECTION 6.9. Funding 24
PURCHASE AND SALE 1. Section 1.2. Assets 1 Section 1.3. Excluded Assets 3
Section 2.1. Purchase Price 4 Section 2.2. Performance Deposit 4 Section 2.3. Allocation of the Purchase Price 5
PURCHASE AND SALE 1. The Closing -----------
PURCHASE AND SALE 1. Section 1.1 Transaction; Assets 1 Section 1.2 Excluded Assets 3 Section 1.3 Excluded Liabilities. 4
PURCHASE AND SALE 1. Purchase and Sale of Company Interests; Letter of Credit 1 Section 2.2. Closing 2 Section 2.3. Transactions to be Effected at the Closing 2 Section 2.4. Withholding 3 Section 2.5. Purchase Price Adjustment 3
PURCHASE AND SALE 1. Section 1.1 Purchased Assets 1
Section 1.2 Excluded Assets 1
Section 1.3 Assumed Liabilities 1 Section 1.4 Excluded Liabilities 1
PURCHASE AND SALE 1. 2 Closing 1.3 Deliveries of the Vendor
(1) Shares (2) Books and Records (3) Resignations (4) Data. A copy of the Seismic Data delivered in the format in which it is currently stored, using quality redundant storage appliances as a means of transfer.
PURCHASE AND SALE 1. Purchase and Sale of the Subject Shares 1
PURCHASE AND SALE 1. Section 1.1 Purchase and Sale of the Units 1 Section 1.2 Closing 1
PURCHASE AND SALE 1. Section 1.1 Agreement of Purchase and Sale 1 Section 1.2 Property Defined 3 Section 1.3 Purchase Price 3 Section 1.4 Termination of Merger Agreement 4 Section 1.4 Payment of the Purchase Price 5
