PURCHASE AND SALE AGREEMENT among Meritor France SELLER and ArvinMeritor, Inc. SELLER GUARANTOR and BUYER Dated as of August 3, 2010______________________________ Purchase and Sale Agreement • August 5th, 2010 • Arvinmeritor Inc • Motor vehicle parts & accessories • New York
Page ARTICLE I DEFINITIONS 1 Section 1.1 Specific Definitions 1 Section 1.2 Other Terms 18 Section 1.3 Other Definitional Provisions 18 Section 1.4 Currency and Payments 19 ARTICLE II PURCHASE AND SALE OF THE ACQUIRED PARENT SHARES 19 Section 2.1 Purchase and Sale 19 Section 2.2 Purchase Price and Payment 19 Section 2.3 Adjustment Amounts and Payment; Settlement of Intercompany Balances 20 Section 2.4 Adjustment Procedure 21 Section 2.5 Closing; Delivery and Payment 23 Section 2.6 Taxes and Fees 24 Section 2.7 Further Assurances 25 Section 2.8 Post Closing Access to Books and Records 25 Section 2.9 Cooperation 25 ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER 26 Section 3.1 Organization and Authority 26 Section 3.2 No Conflict 26 Section 3.3 Financial Information 26 Section 3.4 Absence of Certain Changes or Events 27 Section 3.5 Real Property 27 Section 3.6 Business Assets 28 Section 3.7 Litigation 28 Section 3.8 Compliance with Law 28 Section 3.9 Business Contracts 29 Section 3.
