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This excerpt taken from the PRVT 8-K filed Nov 3, 2009. Section 2.2 Purchase Price Subject to the exercise by Callco of the Liquidation Call Right, the purchase price payable by PMG or Callco, as the case may be, for each Exchangeable Share to be purchased by PMG or Callco upon the exercise of the Insolvency Exchange Right of the Holders shall be an amount equal to the applicable Exchangeable Share Consideration on the last Business Day prior to the day of closing of the purchase and sale of such Exchangeable Shares. The applicable Exchangeable Share Consideration for each such Exchangeable Share so purchased shall be satisfied by the delivery by PMG (or Callco shall cause delivery) to the Holders exercising the Insolvency Exchange Right of the applicable Exchangeable Share Consideration, less any amounts properly withheld pursuant to Section 3.5 hereof. |
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