This excerpt taken from the PLNR 8-K filed Aug 12, 2008.
ARTICLE IIPURCHASE AND SALE OF SHARES
Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Seller shall sell, convey, assign, transfer and deliver to the Purchaser the Shares, free and clear of all Liens or other defects of title, and the Purchaser shall purchase, acquire and accept the Shares from the Seller.
Subject to the terms and conditions of this Agreement, the closing of the Stock Purchase (the Closing) shall be deemed effective as of 12:02 a.m. Pacific time on August 6, 2008 (the Closing Date) at the offices of Perkins Coie LLP, 1120 N.W. Couch St., Tenth Floor, Portland, Oregon. At the Closing, the parties to this Agreement each shall deliver all documents, instruments, certificates and other items as may be required under this Agreement.
At the Closing, the Purchaser shall own all books and records of the Business. As soon as reasonably practicable following the Closing, the Seller shall deliver the books and records of the Business to the Purchaser, subject to Section 7.1(e).