RECITALS
0.00 INTERPRETATION
0.01 Definitions
0.01.01 Activities
0.01.02 Account Receivable
0.01.03 Additional Amount
0.01.04 Adjustment Period
0.01.05 Adverse Event
0.01.06 Affiliates
0.01.07 Agreement
0.01.08 Anti-corruption Laws
0.01.09 Applicable Law
0.01.10 Articles
0.01.11 Best Effort
0.01.12 Breach
0.01.13 By-Laws
0.01.14 Change in Control
0.01.15 Client
0.01.16 Closing Date
0.01.17 Competition Laws
0.01.18 Confidential Information
0.01.19 Consumer Protection Laws
0.01.20 Control
0.01.21 CORPORATION
0.01.22 Creditors
0.01.23 Directors
0.01.24 Discrimination Laws
0.01.25 Domain Name
0.01.26 Effective Date
0.01.27 Employees
0.01.28 Employment Agreement
0.01.29 Encumber or Encumbrance
0.01.30 Environmental Laws
0.01.31 Equipment
0.01.32 Event of Default
0.01.33 Financial Statements
0.01.34 Financial Year
0.01.35 Fully Diluted Basis
0.01.36 GAAP
0.01.37 Governing Statute
0.01.38 Group
0.01.39 Hazardous Materials
0.01.40 Health and Safety Laws
0.01.41 ICT Assets
0.01.42 Insolvency Laws
0.01.43 Intellectual Property
0.01.44 Intellectual Property Laws
0.01.45 Interim Period
0.01.46 INTERVENORS
0.01.47 Key Person
0.01.48 Law
0.01.49 Legal Representatives
0.01.50 Offer
0.01.51 Ordinary Course of Business
0.01.52 PARTY
0.01.53 Person
0.01.54 Personal Privacy Laws
0.01.55 Prime Rate
0.01.56 Product
0.01.57 Property
0.01.58 Purchased Shares
0.01.59 Real Estate Taxes
0.01.60 Related Agreement
0.01.61 Related Person
0.01.62 Securities
0.01.63 Securities Laws
0.01.64 Services
0.01.65 Shareholder Agreement
0.01.66 Shareholders' Equity
0.01.67 Subsidiary
0.01.68 Suppliers
0.01.69 Taxes
0.01.70 Tax Laws
0.01.71 Territory
0.01.72 Transaction
0.01.73 Transitional Period
0.01.74 Voting and Participating Shares
0.01.75 Year
0.02 Precedence
0.03 Jurisdiction
0.03.01 Governing Law
0.03.02 Non-compliance
(
a) Severability
(
b) Substitute Provision
0.04 Miscellaneous
0.04.01 Cumulative Rights
0.04.02 Time and Dates
(
a) Time of the Essence
(
b) Computation of Time
(
c) Delays
0.04.03 Financial References
0.04.04 References within Agreement
0.04.05 Gender and Number
0.04.06 Headings
0.04.07 Presumptions
0.04.08 Knowledge
0.04.09 Approval
1.00 PURPOSE
1.01 Sale
1.02 Conditions
1.02.01 Required by PURCHASER
1.02.02 Required by VENDOR
2.00 CONSIDERATION
2.01 Base Price
2.02 Adjustment
3.00 TERMS OF PAYMENT
3.01 Payment Schedule
3.02 Initial Instalment
3.03 Balance
3.03.01 Monthly Instalments
3.03.02 Interest
3.04 Pre-payment
3.05 Loss of Term
3.06 Adjustment
4.00 SECURITY
4.01 In Favour of VENDOR
4.01.01 Transfer of Title
4.01.02 Escrow of Purchased Shares
4.01.03 Suretyship
(
a) Scope
(
b) Variance of Terms and Conditions
(
c) Other Security
4.01.04 Immovable Hypothec
4.02 In Favour of the PURCHASER
5.00 MUTUAL REPRESENTATIONS AND WARRANTIES
5.01 Status
5.02 Authority
5.03 Binding Agreement
5.04 Canadian Resident
5.05 Canadian Status
5.06 Disclosure
5.07 Exempt Transaction
5.08 Commission
6.00 REPRESENTATIONS AND WARRANTIES OF PURCHASER
6.01 Nominee
6.02 Exempt Investor
7.00 REPRESENTATIONS AND WARRANTIES OF VENDOR
7.01 Person
7.01.01 Status
7.01.02 Authority
7.01.03 Exempt Investor
7.01.04 Insolvency
7.02 Purchased Shares
7.02.01 Ownership
7.02.02 Issue and Transfer
7.02.03 Encumbrances
7.02.04 Assignability
7.02.05 Dividend
7.02.06 Dilution
7.03 CORPORATION
7.03.01 Status
7.03.02 Certificates
7.03.03 Share Capital
7.03.04 Books and Records
7.03.05 Insolvency
7.04 Shareholders
7.05 General Compliance
7.05.01 Applicable Laws
7.05.02 Knowledge
7.06 Subsidiaries and Affiliates
7.06.01 Chart
7.06.02 Knowledge
7.07 Human Resources
7.07.01 Employment Agreements
7.07.02 Indemnity
7.07.03 Collective Bargaining Agreement
(
a) Existence
(
b) Certification
(
c) Breach
(
d) Work Stoppage
7.07.04 Employee Benefit Plan
(
a) Existence
(
b) Maintenance
7.07.05 Compliance
7.07.06 Health and Safety
7.07.07 Accidents
7.07.08 Pay Equity
7.07.09 Key Employees
7.08 Corporate Finance
7.08.01 Financing Agreements and Instruments
7.08.02 Leasing Agreements
7.08.03 No Default
7.08.04 No Conflict or Breach
7.09 Financial Matters
7.09.01 Financial Statements
7.09.02 Financial Position
7.09.03 Guarantee and Security
7.09.04 Advances from the CORPORATION
7.09.05 Accounting Method
7.10 Tax Matters
7.10.01 Reporting
7.10.02 Filing
7.10.03 Payment of Taxes
7.10.04 Deductions and Remittance
7.11 Occupancy Rights
7.11.01 List
7.11.02 Real Property
7.11.03 Leases
7.12 Real Estate Transactions
7.13 Procurement
7.13.01 Equipment
(
a) Ownership
(
b) Condition
(
c) Maintenance and Warranties
(
d) Encumbrance
7.13.02 List of Supply Agreements
7.13.03 Suppliers
7.13.04 Raw Materials
7.14 Operations
7.14.01 Clients
7.14.02 Products
7.14.03 Warranties
(
a) List
(
b) Claims
7.14.04 Product Recalls
7.14.05 Conduct of Business
7.14.06 Discriminatory Practices
7.14.07 Behaviour in the Performance of Duties
7.15 Permits and Licences
7.15.01 List
7.15.02 Situation
7.15.03 Good Standing
7.15.04 No Adverse Restriction
7.16 Environmental Matters
7.16.01 Permits
7.16.02 Hazardous Materials
(
a) Use
(
b) Compliance
(
c) Properties and Leased Premises
(
d) Notices
7.17 Intellectual Property
7.17.01 List
7.17.02 Entitlement
7.17.03 Claims
7.17.04 Transaction
7.17.05 Copyright
7.17.06 Trade-marks
7.17.07 Patents
7.17.08 Trade Secrets/Know-how
7.18 ICT Assets
7.18.01 List
7.18.02 Status
7.19 Advertising and Promotions
7.19.01 List
7.19.02 Compliance
7.20 Marketing
7.20.01 List
7.20.02 Trade Practices
7.20.03 Consumer Protection
7.20.04 E-commerce
7.21 Customer Credit
7.21.01 Accounts Receivable
7.21.02 Consignment
7.22 Insurance
7.22.01 List of Policies
7.22.02 Coverage
7.22.03 Good Standing
7.22.04 Claims
7.23 Legal Proceedings
7.24 Limitation Periods
7.24.01 Tax Matters
7.24.02 Other Matters
7.24.03 Fraud
7.24.04 Undertaking
8.00 MUTUAL DUTIES AND OBLIGATIONS
8.01 Confidential Information
8.01.01 Undertaking
8.01.02 End of Agreement
8.02 Indemnification
8.02.01 “Loss”
8.02.02 Scope
8.02.03 Procedure
8.02.04 VENDOR’s Deductible
8.03 Disclosure
9.00 DUTIES AND OBLIGATIONS OF THE PURCHASER
9.01 Release and Discharge
9.02 Use of an Automobile
9.03 Financial Statements
10.00 DUTIES AND OBLIGATIONS OF THE VENDOR
10.01 Transition
10.02 Resignation
10.03 Non-competition
10.03.01 Scope
10.03.02 Competing Business
10.03.03 Prohibition Period
10.03.04 Penalty
10.03.05 Other Remedies
10.03.06 Application
10.03.07 Effect on Sale Price
10.03.08 Exceptions
10.03.09 Assignment of Rights
10.03.10 Acknowledgement
10.04 Non-solicitation
11.00 SPECIAL PROVISIONS
11.01 Assignment
11.01.01 Prohibition
11.01.02 Effect of Breach
11.01.03 Exception
11.02 Force Majeure
11.02.01 No Default
11.02.02 Duty
11.02.03 Rights of Other PARTY
11.03 Further Assurances
11.04 Other Remedies
11.04.01 Choices
11.04.02 No Limitations
11.05 Limitations on Actions
11.06 Drafting Costs
11.07 Closing Session
11.08 Miscellaneous
11.08.01 Waiver and Release
11.08.02 Release and Discharge
12.00 GENERAL PROVISIONS
12.01 Notices
12.02 Dispute Resolution
12.02.01 Good Faith Negotiations
12.02.02 Mediation
12.02.03 Arbitration
(
a) Jurisdiction
(
b) Ruling
(
c) Costs
12.03 Election
12.04 Counterparts
12.05 Amendment
12.06 Waiver of Rights
12.07 Electronic Transmission
13.00 TERMINATION
13.01 Notice
13.02 Option
13.03 Survival
14.00 EFFECTIVE DATE
14.01 Retroactive
14.02 Execution
14.03 Deferral
15.00 SCOPE
SCHEDULE A - RESOLUTION OF THE PURCHASER
SCHEDULE B - RESOLUTION OF THE SURETY
SCHEDULE
0.01.10 – COPY OF ARTICLES
SCHEDULE
0.01.31 – EQUIPMENT
SCHEDULE
0.01.33 –FINANCIAL STATEMENTS
SCHEDULE
0.01.47 – KEY PERSONS
SCHEDULE
0.01.50 – COPY OF THE OFFER TO PURCHASE (IF NECESSARY)
SCHEDULE
0.01.57 – IDENTIFICATION OF PROPERTY
SCHEDULE
0.01.60 – RELATED AGREEMENTS
SCHEDULE
0.01.65 – [UNANIMOUS] SHAREHOLDER AGREEMENT
SCHEDULE 3.01 – PAYMENT SCHEDULE OF PURCHASE PRICE
SCHEDULE 6.02 – PURCHASER’S DECLARATION OF EXEMPT INVESTOR
SCHEDULE
7.01.03 – VENDOR’S DECLARATION OF EXEMPT INVESTOR
SCHEDULE
7.02.04 – RESOLUTION AUTHORIZING THE TRANSFER
SCHEDULE
7.06.01 – CHART
SCHEDULE
7.07.01 – EMPLOYMENT AGREEMENTS
SCHEDULE
7.07.03(A) – COLLECTIVE AGREEMENTS
SCHEDULE
7.07.04(A) – DESCRIPTION OF PENSION AND INCENTIVE PLANS
SCHEDULE
7.08.01 – FINANCIAL AGREEMENTS AND INSTRUMENTS
SCHEDULE
7.08.02 – LEASING AGREEMENTS
SCHEDULE 7.11 – LIST OF PROPERTY OF THE VENDOR
SCHEDULE
7.11.02 – LIST OF ENCUMBRANCES
SCHEDULE
7.13.02 – LIST OF SUPPLY AGREEMENTS
SCHEDULE
7.14.03 – WARRANTIES
SCHEDULE
7.15.01 – LICENCES AND PERMITS
SCHEDULE
7.16.01 – ENVIRONMENTAL PERMITS
SCHEDULE
7.17.01 – LIST OF INTELLECTUAL PROPERTY
SCHEDULE
7.18.01 – INFORMATION AND COMMUNICATIONS TECHNOLOGY ASSETS
SCHEDULE
7.19.01 – MATERIAL AGREEMENTS RELATING TO PROMOTION
SCHEDULE
7.20.01 – MATERIAL AGREEMENTS RELATING TO SALE AND DISTRIBUTION
SCHEDULE 7.22 – INSURANCE POLICIES
SCHEDULE
7.22.04 – CLAIMS
SCHEDULE 7.23 – LEGAL PROCEEDINGS
