MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
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8.04 Relationship of Parties.<br />
(a) Seller shall act under this Agreement solely as an independent contractor and not<br />
as an agent, partner, employee or joint venturer of Buyer. Employees and agents of a Seller or<br />
Seller Party rendering Services to Buyer pursuant to this Agreement (collectively, the<br />
“Transition Employees”) shall not be deemed employees or agents of Buyer.<br />
(b) As between the Parties, Seller shall retain the exclusive right of control with<br />
respect to the Transition Employees, and Seller shall be solely responsible for human resources<br />
administration (“HR Administration”) in connection with each such Transition Employee so long<br />
as such Transition Employee is an employee of a Seller Party.<br />
(c) Buyer shall be solely responsible for HR Administration in connection with all of<br />
Buyer’s employees. No Seller or Seller Party or Transition Employee shall be responsible for<br />
any HR Administration in connection with any of Buyer’s employees, agents or subcontractors.<br />
8.05 Mutual Cooperation. The Parties shall reasonably cooperate with each other in<br />
connection with the performance and receipt of the Services under this Agreement and any<br />
required transition at the end of the term of this Agreement, including by developing reasonable<br />
procedures with respect to information sharing, transfer of data and similar matters. Buyer shall<br />
make available on a timely basis to Seller all information and materials reasonably requested by<br />
Seller to enable it to provide the Services. Buyer shall give Seller reasonable access, during<br />
regular business hours and at such other times as are reasonably required, to the premises on<br />
which Buyer conducts business to the extent necessary for the purposes of providing Services.<br />
8.06 Resources.<br />
(a) Buyer shall be responsible for providing all resources reasonably necessary or<br />
appropriate for Seller to provide the General Services, including: (i) all computer equipment and<br />
software; (ii) all telephones, facsimile and copy machines; (iii) training (including safety<br />
training) in connection with Buyer’s processes and production; and (iv) all office space,<br />
furniture, supplies and equipment (collectively, the “Buyer-Provided Resources”). Seller<br />
(including by or through any Seller Party or Transition Employee) shall be under no obligation to<br />
use any equipment, software, documentation, tools, electronic communications, computer<br />
systems, materials, information or other items of Seller in performing the General Services, nor<br />
shall there be any obligation to disclose any equipment, software, documentation, tools,<br />
electronic communications, computer systems, materials, information or other items so used to<br />
Buyer.<br />
(b) The equipment, software, documentation, tools, electronic communications,<br />
computer systems, materials, information and other items provided by Seller or its affiliates used<br />
in the Information Systems Services (whether used by Buyer, Seller or their respective affiliates<br />
or agents) are collectively the “Seller-Provided Resources”. Seller shall have no obligation to<br />
provide Seller-Provided Resources where obligations regarding third party content in Seller-<br />
Provided Resources or otherwise prevent or limit access or use by Buyer or others. Buyer-<br />
Provided Resources and Seller-Provided Resources shall together constitute the “Resources”.<br />
C2-4<br />
Exhibit C-2<br />
Form of Initial Closing TSA - Seller