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Re: None

Monday, 08/16/2010 2:49:17 AM

Monday, August 16, 2010 2:49:17 AM

Post# of 4759
These are interesting points in the purchase agreement. Besides Samara has extra money when he bought WorldSpace for a "song and a dance" (like 23 Mil cheaper).

4.           Acquired Subsidiaries.  The following is hereby added to the list of “Acquired Subsidiaries” in Schedule 1.1(o):  WorldSpace Europe Holdings ApS.

7.           Subsidiary Operating Funds.  For the avoidance of doubt, Section 1.2(a) does not include the cash and cash equivalents held by the Acquired Subsidiaries, including capital investments in the German and Danish entities to be formed.

Read more:

http://www.faqs.org/sec-filings/100629/WorldSpace-Inc_8-K/ss94863_ex202.htm#ixzz0wk7vqRLT

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