RECITALSShare Purchase Agreement • May 15th, 2001 • Seneca Investments LLC • Services-business services, nec • New York
May 14, 2001Seneca Investments LLC • May 15th, 2001 • Services-business services, nec
We own 45.3% of the Agency.com Ltd. common shares. In addition, we have entered into a binding agreement to acquire an additional 20.4% of the outstanding shares. The ultimate consideration to be paid for these shares is calculated under an earn-out structure. Under this structure, a payment of $0.94 per share would be made at the closing, an additional $0.47 per share would subsequently be paid and further payments, if any, would depend on substantial improvements in the Company's results of operations through December 31, 2006.
