LQDT » Topics » 3. Sale and Purchase

This excerpt taken from the LQDT 10-Q filed Aug 8, 2008.

3.             Sale and Purchase


3.1           Each Seller shall sell the Set of Shares for which it is identified as the respective Seller in Schedule 1, and the Purchaser shall purchase the Shares. Each Set of Shares shall be sold with all rights attaching to them at Closing including the right to receive all distributions and dividends declared, paid or made in respect of each such Set of Shares after Closing.


3.2           The Shares shall be sold free from all Third Party Rights and ownership and risk in the Shares shall (except as otherwise set out in this Agreement) pass to the Purchaser with effect from Closing.


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