全面解读：销售与购买协议（Sale-and-Purchase-Agreement）.doc

('SaleandPurchaseAgreement买卖合同-1.INTERPRETATION2.SALEOFTHESHARESANDPRICE3.COMPLETION4.POSTCOMPLETIONUNDERTAKINGS5.WARRANTIES6.ENTIREAGREEMENT7.VARIATION8.ANNOUNCEMENTS9.COSTS10.SEVERABILITY11.NOTICES12.WAIVERS/BUYER’SRIGHTSANDREMEDIES13.FURTHERASSURANCE14.NORIGHTSUNDERCONTRACTS(RIGHTSOFTHIRDPARTIES)ACT199915.CONFLICTWITHJVAGREEMENT16.COUNTERPARTS17.GOVERNINGLAWTHISAGREEMENTismadeon_________,_________,_________(M/D/Y)BETWEEN(1)AAA,INC.acompanyincorporatedunderthelawsofDelawareandhavingitsprincipalplaceofbusinessat_________(address)(theSeller);(2)BBBLTDacompanyincorporatedunderthelawsofEnglandandWaleswhoseregisteredofficeisat_________(address)(theBuyer);(3)CCCLIMITEDincorporatedunderthelawsofEnglandandWaleswhoseregisteredofficeisat_________(address)(CCC);and(4)DDDincorporatedunderthelawsoftheNetherlandswhoseprincipalplaceofbusinessisat_________(address)(DDD).WHEREAS:CCC,DDDandtheSellerarepartiestoajointventureagreementdated_________,_________,_________(M/D/Y)governingtherelationshipoftheSellerandDDDasshareholdersinCCCAAA(Europe)Limited(theJVAgreement).CCCAAA(Europe)Limited(theCompany)isaprivatecompanylimitedbysharesincorporatedinEnglandandWales.TheCompanyhasanauthorisedsharecapitalof￡_________dividedinto_________ASharesof_________pence(AShares)eachand_________Bsharesof￡_________each._________AShareseachhavebeenissuedandarefullypaidandarebeneficiallyownedbytheSeller(theShares)._________ASharesareheldbyDDDand_________BOrdinarySharesof￡_________eachareheldbytheBuyer.TheSellerhasagreedtoselltheSharestotheBuyer,andBuyerhasagreedtopurchasetheSharesfromtheSellerfortheconsiderationanduponthetermsofthisAgreement.ITISAGREEDasfollows:1.INTERPRETATIONInthisAgreement,unlessthecontextotherwiserequires:(a)AncillaryAgreementsmeanstheTransitionalServicesAgreement,theWAT/CMSLicenseAgreement,andtheAssignmentofBigChartsSalesMOU(eachasdefinedinclause3.2);(b)Buyer’sGroupmeanstheBuyer,anyholdingcompanyfromtimetotimeoftheBuyerandanysubsidiaryfromtimetotimeoftheBuyeroranysuchholdingcompany(withholdingcompanyandsubsidiarybeingconstruedinaccordancewithSection736oftheCompaniesAct1985);(c)BuyerPartymeanseachmemberoftheBuyer’sGroupwhichisapartytothisAgreement;(d)CompletionmeanscompletionofthesaleandpurchaseoftheSharesuponthetermsandtheconditionsofthisAgreement;(e)Seller’sGroupmeanstheSeller,anyholdingcompanyfromtimetotimeoftheSellerandanysubsidiaryfromtimetotimeoftheSelleroranysuchholdingcompany;(f)theheadingsareinsertedforconvenienceonlyandshallnotaffecttheconstructionofthisAgreement;(g)anyreferencetoadocumentintheagreedformistotheformoftherelevantdocumentagreedbetweenthepartiesandforthepurposeofidentificationinitialledbyeachofthemorontheirbehalf(ineachcasewithsuchamendmentsasmaybeagreedbyoronbehalfoftheSellerandtheBuyer).2.SALEOFTHESHARESANDPRICE2.1TheSellershallsell,andtheBuyershallpurchase,theShares,onthetermsthatthesamecovenantsshallbedeemedtobegivenbytheSelleronCompletioninrelationtotheSharesasareimpliedunderPartIoftheLawofProperty(MiscellaneousProvisions)Act1994whereadispositionisexpressedtobemadewithfulltitleguarantee.TheSharesshallbesoldfreefromallsecurityinterests,options,equities,claimsorotherthirdpartyrights(includingrightsofpre-emption)ofanynaturewhatsoever,togetherwithallrightsattachingtothem.2.2ThetotalpricepayablebytheBuyertotheSellerfortheSharesshallbethesumofUS$1(thePurchasePrice).3.COMPLETION3.1CompletionshallbeeffectedimmediatelyafterthesigningofthisAgreement.Theeventsreferredtointhefollowingprovisionsofthisclause3shalltakeplaceonorpriortoCompletion,andshallbedeemedtobeconditionstoCompletion(unlesswaivedinwritingbeforehandbytheSeller,asregardstheconditionssetforthinclause3.3ortheBuyer,asregardstheconditionssetforthinclause3.2):3.2TheSellershalldeliver(orcausetobedelivered)totheBuyerthefollowing:(a)dulyexecutedtransfersintothenameoftheBuyer(oramemberoftheBuyer’sGroupasitsnominee)inrespectofalloftheShares,togetherwiththeappropriatesharecertificate(s)andacertifiedcopyofanyauthorityunderwhichsuchtransferismade;(b)allsuchotherdocuments(includinganynecessarywaiversorconsents)asmayberequiredtoenabletheBuyer(oramemberoftheBuyer’sGroupasitsnominee)toberegisteredastheholder(s)oftheShares;(c)aletterofresignation,totakeeffectuponCompletion,intheagreedformdulyexecutedbyeachofJoanPlatt,LarryKramerandBillBishopasdirectorsoftheCompany;(d)acounterpartoriginalofanagreementrelatingtotheprovisionoftransitionalservicesbytheSellertotheCompanyintheagreedformbetweentheSellerandtheCompany,dulyexecutedbytheSeller(theTransitionalServicesAgreement);(e)acounterpartoriginalofalicenceagreementrelatingtothelicensingofWAT/CMSintheagreedformbetweentheSellerandtheCompanydulyexecutedbytheSeller(theWAT/CMSLicenseAgreement);and(f)acounterpartoriginalofanassignmentoftheRevisedMemorandumofUnderstandingbetweentheSellerandtheCompanydatedOctober4th,2001(theBigChartsSalesMOU)intheagreedformdulyexecutedbythetheSeller(theAssignmentoftheBigChartsSalesMOU).3.3TheBuyerand/oreachBuyerPartyshalldeliver(orcausetobedelivered)totheSellerthefollowing:(a)acounterpartoriginalofTransitionalServicesAgreementdulyexecutedbytheCompany;(b)acounterpartoriginaloftheWAT/CMSLicenseAgreementdulyexecutedbytheCompany;and(c)acounterpartoriginaloftheAssignmentoftheBigChartsSalesMOUdulyexecutedbytheCompanyandCCCInformationLtd.3.4ThepartiesshallprocurethatresolutionsoftheBoardofDirectorsoftheCompanyarepassedbywhichthefollowingbusinessistransacted:(a)theregistration(subjecttotheirbeingdulystamped)ofthetransferinrespectoftheSharesreferredtoinclause3.2isapproved;and(b)theresignationsreferredtoinclause3.2(c)areacceptedandtheArticlesofAssociationoftheCompanyareamendedwithregardtothenumberofdirectorsandtheappointmentandremovalofdirectors.3.5TheBuyershall,insatisfactionofitsobligationsunderclause2.2,paythePurchasePriceincashatCompletion.4.POSTCOMPLETIONUNDERTAKINGS4.1TheBuyerandeachoftheBuyerParties,ifapplicable,agreesthat,assoonaspracticableandinanyeventwithin90daysofCompletion,itwillceasetheuseordisplayofanytradeorservicemarks,tradeorservicenames,domainnamesorlogoscontainingthewords‘MarketWatch’oranyconfusinglysimilarmark,nameorlogo,excepttotheextentthatthisperiodmaybeextendedwiththepriorwrittenconsentofSelleratitssolediscretion.TheSelleracceptsthattheBuyerandtheCompanymayusethename‘FTMarkets’or,subjecttotheforegoingsentence,asimilarname.4.2TotheextentthatthishasnotalreadybeendonepursuanttoClause2.6(b)oftheJVAgreementtheSelleragreesthatitshalltransfertotheBuyer’sGroupassoonaspracticablefollowingCompletionalldomainnamesithasregisteredwhichcompriseorincludethenames‘FT’or‘CCC’includingwithoutlimitation‘ftAAA’,‘ftmarketwatch.net’,‘ftmarketwatch.org’and‘ftmarketwatch.co.uk.’Buyershallpayallcostsandfeesassociatedwiththeforegoingtransfer.5.WARRANTIES5.1TheSellerrepresentsandwarrantstotheBuyerasfollows:(a)theSellerhasobtainedallcorporateauthorisationsandallotherapplicablegovernmental,statutory,regulatoryorotherconsents,licences,authorisations,waiversorexemptionsrequiredtoempowerittoenterintoandperformitsobligationsunderthisAgreementandtheAncillaryAgreements;and(b)alloftheSharesarefully-paidorproperlycreditedasfully-paidandtheSelleristhesolelegalandbeneficialownerofthemfreefromallsecurityinterests,options,equities,claimsorotherthirdpartyrights(includingrightsofpre-emption)ofanynaturewhatsoever.5.2TheSelleracknowledgesthattheBuyerhasenteredintothisAgreementandtheAncillaryAgreementsinrelianceuponthewarrantiescontainedinclause5.1.5.3ExceptasregardstheBuyer’sandeachBuyerParty’srepresentationsandwarrantiesinclause5.4,andexceptforfraudanddeliberatemalfeasance,theSelleragreestowaivethebenefitofallrights(ifany)whichtheSellermayhaveagainsttheCompany,oranypresentorformerofficeroremployeeoftheCompany,onwhomtheSellermayhavereliedinagreeingtoanytermofthisAgreementandtheSellerundertakesnottomakeanyclaiminrespectofsuchreliance.5.4TheBuyerandeachBuyerPartyrepresentsandwarrantstotheSellerasfollows:(a)ithasobtainedallcorporateauthorisationsandallotherapplicablegovernmental,statutory,regulatoryorotherconsents,licences,authorisations,waiversorexemptionsrequiredtoempowerittoenterintoandperformitsobligationsunderthisAgreementandtheAncillaryAgreementstowhichitisaparty;(b)theCompanyhasobtainedallcorporateauthorisationsandallotherapplicablegovernmental,statutory,regulatoryorotherconsents,licences,authorisations,waiversorexemptionsrequiredtoempowerittoenterintoandperformitsobligationsundertheAncillaryAgreementstowhichitisaparty;and(c)thereisnoagreement(whetherinwritingorotherwise)oranypresentintentionornegotiationsbyoronbehalfoftheBuyeroranymemberofBuyer’sGroup,toissue,transferorotherwisedisposeofanyequityinterestintheCompany,ortransferorotherwisedisposeofallorsubstantiallyalloftheassetsoftheCompany,toathirdparty.5.5TheBuyerandeachBuyerPartyacknowledgesthattheSellerhasenteredintothisAgreementandtheAncillaryAgreementsinrelianceuponthewarrantiescontainedinclause5.4.5.6ExceptasregardstheSeller’srepresentationsandwarrantiescontainedinclause5.1andexceptforfraudanddeliberatemalfeasance,theBuyerandeachmemberoftheBuyer’sGroupthatisapartytothisAgreementagreestowaivethebenefitofallrights(ifany)whichitmayhaveagainsttheSelleroranymemberoftheSeller’sGrouporanypresentorformerofficeroremployeeoftheSelleroranymemberoftheSeller’sGrouponwhomitmayhavereliedinagreeingtoanytermofthisAgreementandundertakesnottomakeanyclaiminrespectofsuchreliance.5.7Eachofthewarrantiesinthisclause5shallbeconstruedasaseparatewarrantyandshallnotbelimitedorrestrictedbyreferencetoorinferencefromthetermsoftheotherwarrantyoranyothertermofthisAgreement.6.ENTIREAGREEMENTThisAgreement,theTransitionalServicesAgreement,theWAT/CMSLicenseAgreementandtheAssignmentofBigChartsSalestogetherconstitutetheentireagreementandunderstandingbetweenthepartiesinconnectionwiththesaleandpurchaseoftheSharesandthetransactionscontemplatedhereunderandthereunder.NoneofthepartieshasenteredintothisAgreementortheAncillaryAgreementsinrelianceuponanyrepresentation,warrantyorundertakingwhichisnotsetoutorreferredtointhisAgreementortheAncillaryAgreements.7.VARIATION7.1NovariationofthisAgreement(orofanyofthedocumentsreferredtointhisAgreement)shallbevalidunlessitisinwritingandsignedbyoronbehalfofeachofthepartiestoit.Theexpressionvariationshallincludeanyvariation,supplement,deletionorreplacementhowevereffected.7.2Unlessexpresslyagreed,novariationshallconstituteageneralwaiverofanyprovisionsofthisAgreement,norshallitaffectanyrights,obligationsorliabilitiesunderorpursuanttothisAgreementwhichhavealreadyaccrueduptothedateofvariation,andtherightsandobligationsofthepartiesunderorpursuanttothisAgreementshallremaininfullforceandeffect,exceptandonlytotheextentthattheyaresovaried.8.ANNOUNCEMENTSNoannouncementorcircularinconnectionwiththeexistenceorthesubjectmatterofthisAgreementshallbemadeorissuedbyoronbehalfoftheSellerortheBuyerwithoutthepriorwrittenapprovaloftheother,(suchapprovalnottobeunreasonablywithheldordelayed)duringanyperiodpriortoorwithinthree(3)monthsafterCompletion.Thisshallnotaffectanyannouncementorcircularrequiredbylawortherulesofanystockexchange.9.COSTS9.1Subjectto9.2andasexpresslyprovidedin4.2and13.2,eachofthepartiesshallpayitsowncosts(beingliabilities,losses,damages,costs(includinglegalcosts)andexpenses(includingtaxation)ineachcaseofanynaturewhatsoever)incurredinconnectionwiththenegotiation,preparationandimplementationofthisAgreement.9.2TheBuyershallbearallstamporotherdocumentaryortransactiondutiesandanyothertransfertaxesarisingasaresultorinconsequenceofthisAgreementorofitsimplementation.10.SEVERABILITYIfanyprovisionofthisAgreementisheldtobeinvalidorunenforceable,thensuchprovisionshall(sofarasitisinvalidorunenforceable)begivennoeffectandshallbedeemednottobeincludedinthisAgreementbutwithoutinvalidatinganyoftheremainingprovisionsofthisAgreement.Thepartiesshallthenuseallreasonableendeavourstoreplacetheinvalidorunenforceableprovisionsbyavalidandenforceablesubstituteprovisiontheeffectofwhichisascloseaspossibletotheintendedeffectoftheinvalidorunenforceableprovision.11.NOTICES11.1Anynoticeorothercommunicationtobegivenbyonepartytotheotherpartyunder,orinconnectionwith,thisAgreementshallbeinwritingandsignedbyoronbehalfofthepartygivingit.Itshallbeservedbysendingitbyfaxtothenumbersetoutinclause11.2,ordeliveringitbyhand,orsendingitbypre-paidrecordeddelivery,specialdeliveryorregisteredpost,totheaddresssetoutinclause11.2andineachcasemarkedfortheattentionoftherelevantpartysetoutinclause11.2(orasotherwisenotifiedfromtimetotimeinaccordancewiththeprovisionsofthisclause11).Anynoticesoservedbyhand,faxorpostshallbedeemedtohavebeendulygiven:(a)inthecaseofdeliverybyhand,whendelivered;(b)inthecaseoffax,atthetimeoftransmission;(c)inthecaseofprepaidrecordeddelivery,specialdeliveryorregisteredpost,at10a.m.onthesecondbusinessdayfollowingthedateofposting.providedthatineachcasewheredeliverybyhandorbyfaxoccursafter6pmonabusinessdayoronadaywhichisnotabusinessday,serviceshallbedeemedtooccurat9a.m.onthenextfollowingbusinessday.Referencestotimeandbusinessdaysinthisclause11aretolocaltimeandbusinessdaysinthecountryoftheaddressee.11.2Theaddressesandfaxnumbersofthepartiesforthepurposeofclause11.1areasfollows:SellerAddress:AAA,Inc.,_________(address)Fax:_________Fortheattentionof:_________BuyerAddress:CCC.com,_________Fax:_________Fortheattentionof:_________11.3ApartymaynotifytheotherpartytothisAgreementofachangetoitsname,relevantaddressee,addressorfaxnumberforthepurposesofthisclause11,providedthat,suchnoticeshallonlybeeffectiveon:(a)thedatespecifiedinthenoticeasthedateonwhichthechangeistotakeplace;or(b)ifnodateisspecifiedorthedatespecifiedislessthanfivebusinessdaysafterthedateonwhichnoticeisgiven,thedatefollowingfivebusinessdaysafternoticeofanychangehasbeengiven.12.WAIVERS/BUYER’SANDSELLER’SRIGHTSANDREMEDIES12.1NofailureordelaybyeitherofthepartiesinexercisinganyrightorremedyprovidedbylawunderorpursuanttothisAgreementshallimpairsuchrightorremedyoroperateorbeconstruedasawaiverorvariationofitorprecludeitsexerciseatanysubsequenttimeandnosingleorpartialexerciseofanysuchrightorremedyshallprecludeanyotherorfurtherexerciseofitortheexerciseofanyotherrightorremedy.12.2TherightsandremediesofthepartiesunderorpursuanttothisAgreementarecumulative,maybeexercisedasoftenassuchpartyconsidersappropriateandareinadditiontoitsrightsandremediesundergenerallaw.12.3TherightsandremediesofeitherofthepartiesunderthisAgreementshallnotbeaffected,andtheparties’respectiveliabilitiesunderthisAgreementshallnotbereleased,dischargedorimpaired,by(i)Completion,(ii)subjecttocompliancewiththenoticerequirementsinclause11,theexpiryofanylimitationperiodprescribedbylaw,or(iii)anyeventormatterwhatsoever,otherthanaspecificanddulyauthorisedwrittenwaiverorreleasebytheotherparty.13.FURTHERASSURANCE13.1Thepartiesagreetoperform(orprocuretheperformanceof)allfurtheractsandthings,andexecuteanddeliver(orprocuretheexecutionanddeliveryof)suchfurtherdocuments,asmayberequiredbylaworastheotherpartymayreasonablyrequire,whetheronorafterCompletion,toimplementand/orgiveeffecttothisAgreementandthetransactionscontemplatedbyitandforthepurposeofvestingintheBuyertheSharestobetransferredtoitpursuanttotheprovisionsofthisAgreement.13.2TheBuyerandeachBuyerPartyagreethateachshallprocurethatthereismadeavailabletotheSelleratsuchtime(s)andplace(s)aspartymayreasonablydirectallinformationinthepossessionorunderthecontroloftheBuyeroranyBuyerPartywhichSelleroritsauditorsmayfromtimetotimereasonablyrequire,whetherbeforeorafterCompletion,inrelationtothebusinessandaffairsoftheCompany.TheSellershallcooperatereasonablywiththeCompanyandtheBuyer’sGrouponalltaxmattersincludingwithoutlimitationfuturetaxfilings,butonlytotheextentthereisnoadverseaffectonSeller’staxpositionoritstaxexpenses,andprovidedthatCompanyorBuyer’sGroup,asthecasemaybe,reimburseSellerforallreasonableout-of-pocketexpensesandcostsincurredinconnectionherewith.14.NORIGHTSUNDERCONTRACTS(RIGHTSOFTHIRDPARTIES)ACT1999ApersonwhoisnotapartytothisAgreementshallhavenorightundertheContracts(RightsofThirdParties)Act1999toenforceanyofitsterms.15.CONFLICTWITHJVAGREEMENTTotheextent,ifany,thatthisAgreementisinconflictwiththeprovisionsoftheJVAgreement,theprovisionsofthisAgreementshallprevail.TotheextentthattheimplementationandexecutionofthisAgreementandthesaleandpurchaseoftheSharesisinconsistentwithanyprovisionoftheJVAgreementsuchprovisionisherebyamendedprotanto.16.COUNTERPARTSThisAgreementmaybeexecutedinanynumberofcounterpartsandanypartyheretomayexecuteanysuchcounterpart,eachofwhichwhenexecutedanddeliveredshallbedeemedtobeanoriginalandallofwhichcounterpartstakentogethershallconstitutebutoneandthesameinstrument.ThisAgreementshallbecomebindingwhenoneormorecounterpartstakentogethershallhavebeenexecutedanddeliveredbyalloftheparties.ItshallnotbenecessaryinmakingproofofthisAgreementoranycounterparthereoftoproduceoraccountforanyoftheothercounterparts.17.GOVERNINGLAWThisAgreementandtherelationshipbetweenthepartiesshallbegovernedby,andinterpretedinaccordancewith,Englishlaw.ASWITNESSthisAgreementhasbeensignedonbehalfofthepartiesthedayandyearfirstbeforewritten.SIGNEDby_________forandonbehalfofAAA,INC./s/_________SIGNEDby_________forandonbehalfofBBBLTD/s/_________SIGNEDby_________forandonbehalfofCCCLTD/s/_________SIGNEDby_________forandonbehalfofDDDinthepresenceof:_________/s/_________SaleandPurchaseAgreement买卖合同-Amendmentdatedasof_________,_________,_________(M,D,Y)(thisAmendment)totheSaleandPurchaseAgreement,dated_________,_________,_________(M,D,Y),betweenBBBplc(theSeller)andAAALtd.(thePurchaser)inrespectof_________andinterestsincertainothercompanies(theAgreement).CapitalizedtermsusedhereinbutnototherwisedefinedhereinshallhavemeaningsassignedtothemintheAgreement.WHEREAS,clause20(10)oftheAgreementprovidesthatavariationoftheAgreementispermittedifmadeinwritingandsignedbyoronbehalfofbothpartiestotheAgreement;WHEREAS,thepartiesheretoarethepartiestotheAgreementanddesiretoamendcertainprovisionsoftheAgreement;NOW,THEREFORE,inconsiderationofthemutualcovenantscontainedherein,thepartiesheretoherebyagreeasfollows:A.AmendmentoftheAgreement.(1)Thewordsinclause4(3),thedatespecifiedinsubclause(2)above,shallbedeleted,andreplacedby_________,_________,_________(M,D,Y).(2)Thewordsinclause5(1),thefifthBusinessDayaftertheconditionsreferredtoinclause4(1)havebeenfulfilled,shallbedeletedandreplacedby_________,_________,_________(M,D,Y)orsuchearlierdateasthepartiesmayagree,subjecttotheconditionreferredtoinclause4(1)havingbeenfulfilledonorpriortothatdate.B.Miscellaneous.(1)SaveasexpresslyamendedinaccordancewiththeprovisionsofthisAmendmenttheprovisionsoftheAgreementshallcontinueinfullforceandeffect.(2)ThisAmendmentshallbegovernedbyandconstruedinaccordancewiththelawsofEngland.Theprovisionofclause21oftheAgreementshallapplytothisAmendmentmutatismutandis.(3)ThisAmendmentmaybeexecutedinanynumberofcounterparts,eachofwhichisanoriginalandallofwhichtogetherevidencethesameagreement.INWITNESSWHEREOF,PurchaserandSellerhavecausedthisAmendmenttobesignedbytheirrespectiveofficersthereuntodulyauthorizedasofthedatefirstwrittenabove.AAALTD.BBBPLCBy:/s/_________By:/s/_________Name:_________Name:_________Title:_________Title:_________',)