Following the Closing, at the request of the Harlands, the Buyer shall permit the spin-off Knightsbridge Corporation, the Subsidiary of the Company (the “Spin-Off”), to the then current stockholders of the Company who were stockholders of the Company immediately before the Closing. All expenses of the Spin-Off shall be paid by the Harlands, with no expenses to be paid by the Company.
(You guys will all be proud owners of Knightsbridge Corp. Go Sydney Harland)
I added italics to "were shareholders" so you can see the operative part of the sentence.
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