Document:

exv10w2

 

EXHIBIT 10.2

RESTRICTIVE COVENANT AGREEMENT

     THIS AGREEMENT (“Agreement”) dated as of ___, 2006 (the “Effective
Date”) is by and between ProQuest Company, a Delaware corporation (“Seller”), and
Snap-on Incorporated, a Delaware corporation (“Buyer”). Seller and Buyer may be referred to
in this Agreement individually as a “Party” or collectively as “Parties.”

     WHEREAS, pursuant to the Stock and Asset Purchase Agreement by and between Buyer and Seller
dated October ___, 2006 (the “Stock and Asset Purchase Agreement”), Seller will purchase
certain stock and assets of Seller (all capitalized terms not otherwise defined shall have the
meanings set forth in the Stock and Asset Purchase Agreement);

     WHEREAS, Seller engages in the Business and is selling to Buyer pursuant to the Stock and
Asset Purchase Agreement all rights, title and interest in the Acquired Business to Buyer
(including all rights to engage in the business in the future); and in connection therewith has
agreed to the restrictive covenants set forth herein;

     WHEREAS, Seller, pursuant to the transactions contemplated by the Stock and Asset Purchase
Agreement, will realize substantial economic benefits, including the receipt of the Purchase Price
thereunder;

     WHEREAS, the execution of this Agreement between Buyer and Seller is an express condition to
closing under the Stock and Asset Purchase Agreement, as set forth in Section 9.3 of the Stock and
Asset Purchase Agreement and Buyer would not have consummated the transactions contemplated therein
in the absence of this Agreement; and

     WHEREAS, to protect the assets and the related business being acquired by Buyer pursuant to
the Stock and Asset Purchase Agreement, Buyer and Seller desire to enter into this Agreement.

ARTICLE I

AGREEMENT NOT TO COMPETE; AGREEMENT NOT TO SOLICIT

     SECTION 1.01 Agreement Not to Compete. Seller shall not, for a period of five years
after the Effective Date, in any location in the world where the Acquired Business conducts
operations other than in the United Kingdom and for a period of two years after the Effective Date
in the United Kingdom: (a) directly or indirectly, own, manage, establish, operate, participate in,
provide financial assistance to, or control any business, company, partnership, organization,
proprietorship, or other entity that is engaged in the business of developing and deploying
electronic parts and service information retrieval products and dealer performance applications for
the automotive, powersports and outdoor power markets as conducted by the Acquired Entities and by
the

 

 

Retained Subsidiaries with the Foreign Assets on the Effective Date (except as a holder of no more
than five percent (5%) of the stock of a publicly held company, provided the Seller does not
participate in the business of such company or render advice or assistance to such company); or (b)
entice or attempt to entice any third party with which the Acquired Business transacts business
directly or indirectly so as to cause or attempt to cause any such third party not to engage in or
reduce its business with Buyer; provided, however, that this agreement not to compete shall not
apply to retrieval products and services provided by Seller’s Affiliates to libraries, colleges,
schools and universities.

     SECTION 1.02 Agreement Not to Solicit Employees. Seller agrees and acknowledges that
the value and goodwill related to the Acquired Business purchased by the Buyer depends on
continued, amicable relations with its employees, and Seller agrees that for a period of two years
after the Effective Date, Seller shall not, directly or indirectly, induce or attempt to induce any
Business Employee to terminate his or her employment with Buyer or any of its Affiliates; provided
that such restriction shall not prevent Seller or its Subsidiaries from (i) advertising to the
general public openings that it may have and hiring individuals in response to those
advertisements, or (ii) hiring any Business Employee who has been terminated by Buyer or any of its
Affiliates.

ARTICLE II

NON-DISCLOSURE AGREEMENT

     SECTION 2.01 Definition. “Confidential Information” means any data or
information of the Acquired Business, including, without limitation, Buyer’s customer lists,
business connections, financial information, fees, business and marketing plans, forecasts and
techniques, personnel data, employee compensation, the terms of this Agreement, business
strategies, and proprietary information, as well as information of any kind provided to Buyer by
its customers or their respective representatives, including all written materials, notes, data,
reports assessment, analysis, whether transcribed or on computer disk, or databases, prepared by
either their employees or other personnel in connection in any way with the work Buyer is doing for
its customers; provided that Confidential Information shall not include information which
(i) is now or becomes publicly available, other than through disclosure by Seller or one of its
Representatives (as hereinafter defined), (ii) is now or becomes available to Seller or its
Affiliates on a non-confidential basis from a source other than Buyer or any of its
Representatives, provided that such source is not bound by a confidentiality agreement with or
other contractual, legal or fiduciary obligation of confidentiality to Buyer or its Affiliates that
requires the source of the information to keep such disclosed information confidential, or (iii)
that is developed by Seller independently with no use of the Confidential Information.

     SECTION 2.02 Recitals. The Parties agree that Confidential Information shall be
treated as confidential by the Seller, shall be disclosed only as permitted in this Agreement and
is valuable to the Acquired Business and Buyer. The Parties further agree that Buyer would suffer
injury if Seller would disclose such information or use it to compete with Buyer (except as
permitted pursuant to this Agreement) and Buyer would

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not have consummated the transactions contemplated herein without this agreement with respect to
the Confidential Information.

     SECTION 2.03 Use. Seller shall not directly or indirectly use or induce or permit
others to use any of the Confidential Information for any purposes, except as may be reasonably
necessary for purposes of providing services under the Transition Services Agreement referred to in
Section 9.4 of the Stock and Asset Purchase Agreement (the “Transition Services”). Seller
shall not directly or indirectly divulge, disclose, or communicate to any person, firm, entity, or
other third party in any manner whatsoever any information relating to or constituting a part of
the Confidential Information; provided, however, that such disclosures may be made
to those of Seller’s directors, officers, employees, attorneys, accountants, and other agents
(collectively, “Representatives”) with a specific need to know for purposes of providing or
administering Transition Services or for valid legal purposes of Seller (including in connection
with disputes pursuant to the Stock and Asset Purchase Agreement); and provided
further that Seller may disclose Confidential information to the extent it is requested or
required to do so by deposition, interrogatories, requests for information or documents in legal
proceedings, subpoenas, civil investigative demand or similar process or by court order, provided
that Seller first gives Buyer written notice that Seller has been requested or will be required to
make such disclosure so as to allow Buyer to seek a protective order to prevent such disclosure.
Seller shall inform all Representatives who are given access to any of the Confidential Information
of the nature and existence of this Agreement, and shall advise them that they shall be responsible
for the observance of the obligations of Seller under this Agreement.

     SECTION 2.04 Term. The provisions of this Article II shall continue in perpetuity
with respect to any Confidential Information.

     SECTION 2.05 Effect. As to Confidential Information disclosed on or after the date of
this Agreement, this Article supersedes any prior confidentiality or non-disclosure agreements
between the parties.

ARTICLE III

AGREEMENT OF SELLER

     SECTION 3.01 Enforceability of this Agreement. Seller agrees and acknowledges that
the geographic boundaries, scope of prohibited activities and the time duration of the provisions
of this Agreement are reasonable and are no broader than are necessary to protect the legitimate
business interests of Buyer including, without limitation, the ability of Buyer to realize the
benefit of its bargain from the Stock and Asset Purchase Agreement. The Parties agree and
stipulate that the agreements and covenants not to compete or solicit contained in this Agreement
are fair and reasonable in light of all the facts and circumstances of the relationship between
Buyer and Seller; however, Buyer and Seller are aware that in certain circumstances courts have
refused to enforce certain agreements not to compete and laws have placed limitations on certain
agreements not to compete. Therefore, in furtherance of, and not in derogation of this

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Agreement, Buyer and Seller agree that in the event a court should decline to enforce some of the
provisions of this Agreement or if any law should limit the enforceability of any provisions of
this Agreement, that this Agreement shall be deemed to be modified or reformed to restrict Seller’s
competition with Buyer and any of its Affiliates or Subsidiaries to the maximum extent, as to time,
geography and business scope, which the court shall find enforceable or the applicable law shall
permit; provided, however, in no event shall any such modifications or reformations of this
Agreement be deemed to be more restrictive to Seller than those contained herein.

     SECTION 3.02 Available Remedies. Seller acknowledges that it would be difficult to
fully compensate Buyer or any of its Affiliates or Subsidiaries for damages resulting from any
breach by Seller of this Agreement and Seller hereby agrees to stipulate in any proceeding that
money damages are insufficient. In the event of any actual or threatened breach of this Agreement,
Buyer, its Affiliates and its Subsidiaries shall (in addition to any other remedies which it may
have) be entitled to temporary and/or permanent injunctive relief in a court of competent
jurisdiction to enforce such provisions and to recover reasonable attorneys’ fees and costs for
same, and such relief may be granted without the necessity of proving actual damages; provided that
to the extent that Buyer, its Affiliates and its Subsidiaries are unable to obtain injunctive
relief, Seller shall remain liable for any and all actual damages incurred by Buyer, its Affiliates
or its Subsidiaries as a result of a breach of this Agreement by Seller. The preceding remedies are
cumulative and nonexclusive and shall be in addition to any other remedy to which Buyer may be
entitled. It is understood by and between the parties hereto that the covenants by Seller set forth
in Articles I and II are essential elements of this Agreement and that but for the agreement of
Seller to comply with such covenants, Buyer would not have entered into the Stock and Asset
Purchase Agreement. Seller further acknowledges that this Agreement as a whole constitutes a
material condition to Buyer’s consummation of the transactions contemplated by the Stock and Asset
Purchase Agreement and the related documents.

ARTICLE IV

GENERAL PROVISIONS

     SECTION 4.01 Assignment. This Agreement is binding on the parties and their
successors and permitted assigns.

     SECTION 4.02 Notices. All notices and other communications given or made pursuant to
this Agreement shall be in writing and shall be deemed to have been duly given or made as of the
date delivered, mailed or transmitted, and shall be effective upon receipt, if delivered
personally, sent by reputable overnight express courier, charges prepaid, or, if mailed, three days
after deposit with the United States Postal Service, to the parties at the following addresses (or
at such other address for a party as shall be specified by like changes of address) or sent by
electronic transmission to the facsimile number specified below:

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	 	If to Buyer:	 	 
	 
	 	 	 	 
	 

	 	 	 	Snap-on Incorporated
	 

	 	 	 	2801 80th Street
	 

	 	 	 	Kenosha, Wisconsin 53143
	 

	 	 	 	Attention: Martin M. Ellen, Chief Financial Officer
	 

	 	 	 	Fax: 262-656-5221
	 
	 	 	 	 
	 

	 	with copies to:	 	 
	 
	 	 	 	 
	 

	 	 	 	Snap-on Incorporated
	 

	 	 	 	2801 80th Street
	 

	 	 	 	Kenosha, Wisconsin 53143
	 

	 	 	 	Attention: Susan F. Marrinan, Chief Legal Officer
	 

	 	 	 	Fax: 262-656-4762
	 
	 	 	 	 
	 

	 	 	 	Quarles & Brady LLP
	 

	 	 	 	One South Pinckney Street
	 

	 	 	 	Suite 600
	 

	 	 	 	Madison, Wisconsin 53701-2113
	 

	 	 	 	Attention: Mark T. Ehrmann, Esquire
	 

	 	 	 	Fax: 608-294-4944
	 
	 	 	 	 
	 

	 	If to Seller:
	 	ProQuest Company
	 

	 	 	 	789 Eisenhower Parkway
	 

	 	 	 	P.O. Box 1346
	 

	 	 	 	Ann Arbor, MI 48106
	 

	 	 	 	Attention: General Counsel
	 

	 	 	 	Fax: 734-997-4040
	 
	 	 	 	 
	 

	 	With a copy to:
	 	McDermott Will & Emery LLP
	 

	 	 	 	227 West Monroe Street
	 

	 	 	 	Chicago, Illinois 60606-5096
	 

	 	 	 	Attention: Thomas Murphy, Esquire
	 

	 	 	 	Fax: 312-984-7700

     SECTION 4.03 Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall
be governed by, and construed in accordance with, the Laws of the State of Delaware. Each of the
Parties agrees that if any dispute is not resolved by the Parties, it shall be resolved only in the
Courts of the State of New York sitting in the County of New York or the United States District
Court for the Southern District of New York and the appellate courts having jurisdiction of appeals
in such courts (collectively, the “Proper Courts”). In that context, and without limiting
the generality of the

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foregoing, each of the Parties irrevocably and unconditionally (a) submits for itself and its
property in any action relating to this Agreement or for recognition and enforcement of any
judgment in respect thereof, to the exclusive jurisdiction of the Proper, and appellate courts
having jurisdiction of appeals from any of the foregoing, and agrees that all claims in respect of
any such action shall be heard and determined in such Proper Courts; (b) consents that any such
action may and shall be brought in the Proper Courts and waives any objection that it may now or
thereafter have to the venue or jurisdiction of any such action in any such court or that such
action was brought in an inconvenient court and agrees not to plead or claim the same; (c) waives
all right to trial by jury in any action (whether based on contract, tort or otherwise) arising out
of or relating to this Agreement or any document delivered pursuant to this Agreement, or its
performance under or the enforcement of this Agreement or any document delivered pursuant to this
Agreement; (d) agrees that service of process in any such action may be effected by mailing a copy
of such process by registered or certified mail (or any substantially similar form of mail),
postage prepaid, to such party at its address as provided in Section 4.02 of this Agreement; and
(e) agrees that nothing in this Agreement or any document delivered pursuant to this Agreement
shall affect the right to effect service of process in any other manner permitted by the Laws of
the State of New York.

     SECTION 4.04 Amendments and Waivers. This Agreement may not be amended or waived
except in writing executed by the Party against which such amendment or waiver is sought to be
enforced. The failure of any Party to insist, in any one or more instances, upon the performance
of the terms or conditions of this Agreement shall not be construed as a waiver or relinquishment
of any right granted hereunder or of the future performance of any such term, covenant or
condition. No valid waiver of any provision of this Agreement at any time shall be deemed a waiver
of any other provision of this Agreement at such time or will be deemed a valid waiver of such
provision at any other time. The Parties agree that nothing in this Agreement shall be construed to
limit or negate the common law of torts or trade secrets where it provides Buyer with broader
protection than that provided herein.

     SECTION 4.05 Other Agreements. This Agreement represents one of a number of
agreements among the Parties. Each existing agreement is intended to be separately enforceable. To
the extent another agreement, whether executed before or after this Agreement, purports to further
restrict Seller’s ability to compete or use or disclose Confidential Information, including trade
secrets, such agreement shall also be enforceable. To the extent the provisions of the Stock and
Asset Purchase Agreement purport to apply to this Agreement or are incorporated herein by
reference, such provisions shall, as applicable, apply or be incorporated.

     SECTION 4.06 Advice of Counsel. Buyer and Seller have independently consulted their
respective counsel and have been advised in all respects concerning the reasonableness and
propriety of such covenants, with specific regard to the nature of the businesses conducted by
Buyer.

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     SECTION 4.07 Severability. The provisions of this Agreement (including in particular,
but not limited to, the provisions of Article I and Article II hereof) shall be deemed severable,
and the invalidity or unenforceability of any one or more of the provisions hereof shall not affect
the validity or enforceability of any one or more of the other provisions hereof.

     SECTION 4.08 Section Headings. The section headings in this Agreement are included
solely for convenient reference, and shall not define, limit, or affect the construction or
interpretation of this Agreement.

     SECTION 4.09 Counterparts. This Agreement may be executed by facsimile and in one or
more counterparts, each of which shall be deemed an original but all of which together, when each
party hereto has signed a counterpart, shall constitute one and the same instrument.

[Signature Page Follows]

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     IN WITNESS WHEREOF, Seller and Buyer have caused this Agreement to be executed as of
the date first written above by its respective officers duly authorized.

	 	 	 	 	 	 	 	 	 
	 	 	PROQUEST COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SNAP-ON INCORPORATED	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

8exv10w3

 

EXHIBIT 10.3

 

TRANSITION SERVICES AGREEMENT

by and between

PROQUEST COMPANY

and

SNAP-ON INCORPORATED

Dated as of ___, 2006

 

 

 

TRANSITION SERVICES AGREEMENT

     This TRANSITION SERVICES AGREEMENT, dated as of ___, 2006 (this “Agreement”),
is by and between ProQuest Company, a Delaware corporation (“Seller”), and Snap-on
Incorporated, a Delaware corporation (“Buyer”). Seller and Buyer may be referred to in
this Agreement individually as a “Party” or collectively as “Parties.” Capitalized
terms used herein shall have the meanings set forth in Article I unless otherwise defined herein.

     WHEREAS, Seller and Buyer entered into a Stock and Asset Purchase Agreement, dated as of
October 20, 2006 (the “Purchase Agreement”), pursuant to which Buyer agreed to acquire the
Acquired Business from Seller;

     WHEREAS, Seller’s operations other than the Acquired Business currently provide certain
services to the Acquired Business, and the Acquired Business currently provides certain services to
Seller and its Subsidiaries;

     WHEREAS, (i) Buyer wishes that Seller or one of its Subsidiaries continue to provide certain
of such services to Buyer after the Closing so that Buyer may operate the Acquired Business in all
material respects in the manner in which the Acquired Business was run by Seller prior to Closing,
and Seller wishes to provide such services or cause such services to be provided for a limited
duration, all as more fully set forth herein and (ii) Seller wishes that Buyer or one of its
Subsidiaries to provide certain of such services to Seller after the Closing and Buyer wishes to
provide such services or cause such services to be provided for a limited duration, all as more
fully set forth herein; and

     NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS

     1.1 Definitions. As used in this Agreement, the following terms have the meanings set
forth or referenced below:

     “Affiliates” shall mean, with respect to any Person, any other Person that controls,
is controlled by, or is under common control with such Person. The term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of a Person, by ownership of securities, contract, credit arrangement or otherwise.

     “Agreement” means this Transition Services Agreement, as the same may be amended or
supplemented from time to time in accordance with the terms hereof.

     “Buyer” has the meaning set forth in the introductory paragraph of this Agreement.

     “Buyer Services” has the meaning set forth in Section 2.2.

 

 

     “Business Day” means any day, excluding Saturday, Sunday and any other day on which
commercial banks in New York, New York are authorized or required by Law to close.

     “Force Majeure” has the meaning set forth in Section 7.12.

     “Governmental Authority” shall mean any foreign, federal, state, provincial or local
governmental or regulatory commission, board, bureau, agency, court or regulatory or administrative
body.

     “Law” shall mean any foreign, federal, state or local law, statute, ordinance,
regulation, rule, constitution, code, order or treaty of any Governmental Authority.

     “Person” means an individual, a corporation, a limited liability company, a
partnership, an association, a trust or other entity.

     “Providing Party” means (a) Seller, with respect to its provision of the Seller
Services hereunder, and (b) Buyer, with respect to its provision of the Buyer Services hereunder.

     “Purchase Agreement” has the meaning set forth in the first “Whereas” clause.

     “Recipient Party” means (a) Buyer, with respect to Seller’s provision of the Seller
Services hereunder, and (b) Seller, with respect to Buyer’s provision of the Buyer Services
hereunder.

     “Seller” has the meaning set forth in the introductory paragraph of this Agreement.

     “Seller Services” has the meaning set forth in Section 2.1.

     “Service” or “Services” means either the Buyer Services or the Seller
Services.

     “Service Provider” means (a) Seller or a Subsidiary which is providing to or obtaining
for Buyer, or any Subsidiary, the particular Seller Service pursuant to Section 2.1, (b) Buyer or a
Subsidiary which is providing to or obtaining for Seller, or any Subsidiary the particular Buyer
Service pursuant to Section 2.2, or (c) any third party that is providing any Service to either
Party, which third party is to provide pursuant to Section 2.1 or Section 2.2.

     “Term” has the meaning set forth in Section 3.1.

     “Termination Date” has the meaning set forth in Section 3.1.

     1.2 Interpretation and Rules of Construction. In this Agreement, except to the extent
otherwise provided or that the context otherwise requires:

          (a) when a reference is made in this Agreement to an Article, Section or
Attachment, such reference is to an Article or Section of, or an Attachment to, this
Agreement unless otherwise indicated;

          (b) the headings for this Agreement are for reference purposes only and do not
affect in any way the meaning or interpretation of this Agreement;

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          (c) whenever the words “include,” “includes” or “including” are used in this
Agreement, they are deemed to be followed by the words “without limitation”;

          (d) the words “hereof,” “herein” and “hereunder” and words of similar import, when
used in this Agreement, refer to this Agreement as a whole and not to any particular
provision of this Agreement;

          (e) all terms defined in this Agreement have the defined meanings when used in any
certificate or other document made or delivered pursuant hereto, unless otherwise
defined therein;

          (f) the definitions contained in this Agreement are applicable to the singular as
well as the plural forms of such terms;

          (g) references to a Person are also to its successors and permitted assigns;

          (h) the use of “or” is not intended to be exclusive unless expressly indicated
otherwise; and

          (i) all capitalized terms used herein, but not otherwise defined herein, shall have
the meanings ascribed to such terms in the Purchase Agreement, which meanings are
incorporated herein by reference.

ARTICLE II

SERVICES

     2.1 Seller Services. On the terms and conditions of this Agreement, Seller hereby
agrees to provide or cause one or more of its Subsidiaries or Affiliates or a Service Provider that
is providing a Service to Seller or any such Subsidiary or Affiliate to provide the services listed
on Attachment A (the “Seller Services”) to Buyer for the Term of this Agreement
with respect to each Seller Service.

     2.2 Buyer Services. On the terms and conditions of this Agreement, Buyer hereby
agrees to provide or cause one or more of its Subsidiaries or Affiliates or a Service Provider that
is providing a Service to the Acquired Business to provide the services listed on Attachment
B (the “Buyer Services”) to Seller and its Subsidiaries or Affiliates for the Term of
this Agreement with respect to each Buyer Service.

     2.3 Consent of Service Providers. Each Party’s obligation to deliver any Service is
conditioned upon such Party’s obtaining the consent, where necessary, of any relevant third party
Service Provider. If that consent cannot reasonably be obtained, the Parties will use reasonable
efforts to arrange for alternative methods of delivering any such Service.

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ARTICLE III

TERM

     3.1 Term. Subject to the terms herein, this Agreement shall commence on the Closing
Date and shall terminate with respect to each Service on that date which is one (1) year after the
Closing Date, except (a) if Attachment A or Attachment B expressly identifies a
different expiration date for a particular Service, such particular Service shall terminate on the
identified different expiration date, and (b) as terminated pursuant to Article VI (the
“Termination Date”); provided, however, that this Agreement shall continue
until the last Termination Date of a Service. The Parties may extend a Termination Date for a
particular Service upon mutual written agreement. With respect to each Service, the period from
the Effective Date to the Termination Date collectively with any extension, the “Term”).

     3.2 Effect of Termination. Neither the termination of this Agreement with respect to
a Service pursuant to Article VI nor the expiration of this Agreement with respect to a Service
pursuant to Section 3.1 shall affect (i) the liability of a Party for breach of this Agreement,
(ii) the obligations of a Party to make payments when due hereunder or (iii) the provisions
contained in Articles IV, V, VI and VII and the related definitions, each of which shall survive
the termination or expiration of this Agreement.

ARTICLE IV

PRICING AND PAYMENT

     4.1 Pricing. Subject to Sections 4.2 and 4.3, each Service rendered pursuant to this
Agreement shall be charged to and payable by the Recipient Party monthly at the price set forth in
the completed Attachment A or Attachment B, as the case may be, related to such
Service.

     4.2 Changes. During the Term with respect to each Service, in the event that a
Recipient Party asks the Providing Party to (a) make any change to a Service provided by the
Providing Party which would cause such Service to no longer be provided in substantially the manner
and to the extent that it was provided by a Service Provider to the Acquired Business prior to the
Closing Date or (b) provide any service that does not constitute a Service whether or not provided
by the Providing Party prior to the Closing Date, the Providing Party shall use commercially
reasonable efforts to cause a Service Provider to make such change or provide such service if Buyer
and Seller mutually agree, each in its reasonable discretion, to make such change or provide such
service. The price charged by such Service Provider to the Recipient Party, for such changed or
provided Service shall be set forth on a revised Attachment A or revised Attachment
B, as the case may be, which shall replace the version attached hereto.

     4.3 Payment Terms. Fees and expenses shall be charged in arrears each month for
Services rendered and expenses incurred during the immediately preceding calendar month. In the
case of disputed invoices, the Recipient Party will not be obligated to pay that portion of the
invoice that is reasonably in dispute until the dispute is resolved pursuant to Section 7.11.

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ARTICLE V

WARRANTY AND LIABILITY

     5.1 Performance of Services. Each Party warrants that the Services performed by it,
and by any other Service Provider shall be performed in a workmanlike manner and at a quality
consistent with that provided to the Acquired Business by Seller.

     5.2 Service Provider Warranties and Indemnities. During the Term of this Agreement,
upon the Recipient Party’s written request, the Providing Party shall use commercially reasonable
efforts to pursue any warranty or indemnity under any contract with a third party Service Provider
on the Recipient Party’s behalf and at the Recipient Party’s request with respect to any Service
provided to the Recipient Party by any third party Service Provider. The Recipient Party shall
reimburse the Providing Party for all reasonable out-of-pocket costs incurred by the Providing
Party in connection with pursuing any such warranty or indemnity.

     5.3 Limitation on Damages. THE MAXIMUM LIABILITY OF THE PROVIDING PARTY, ITS
DIRECTORS, OFFICERS, AND AFFILIATES, TO THE RECIPIENT PARTY FOR DAMAGES FOR ANY AND ALL CAUSES
WHATSOEVER, AND THE RECIPIENT PARTY’S MAXIMUM REMEDY, REGARDLESS OF THE FORM OF ACTION, WHETHER IN
CONTRACT, TORT OR OTHERWISE, SHALL BE LIMITED TO AN AMOUNT EQUAL TO THE TOTAL FEES PAID BY SUCH
RECIPIENT PARTY TO THE PROVIDING PARTY HEREUNDER FOR THE PORTION OF THE SERVICES GIVING RISE TO ANY
CLAIM. IN NO EVENT SHALL THE PROVIDING PARTY, ITS DIRECTORS, OFFICERS, SUBSIDIARIES, AND
AFFILIATES BE LIABLE FOR ANY LOST DATA OR CONTENT, LOST PROFITS, BUSINESS INTERRUPTION OR FOR ANY
INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES ARISING OUT OF OR
RELATING TO THE SERVICES PROVIDED UNDER THIS AGREEMENT, EVEN IF THE PROVIDING PARTY HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ESSENTIAL PURPOSE OF
ANY LIMITED REMEDY.

ARTICLE VI

TERMINATION

     6.1 Termination of Services. This Agreement is a master agreement and shall be
construed as a separate and independent agreement for each and every Service provided under this
Agreement. Any termination or expiration of this Agreement with respect to any Service shall not
terminate this Agreement with respect to any other Service then being provided under this
Agreement.

     6.2 Notice of Termination. Subject to Section 6.1 hereof, upon written notice either
Party may terminate this Agreement with respect to any Service if there has occurred a material
breach of this Agreement by the other party with respect to such Service, unless within a period of
thirty (30) days after receipt of such notice the breaching party remedies the breach. For so

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long
as a material breach is not remedied, the non-breaching party may choose to suspend its own
performance with respect to such Service.

     6.3 Post-Termination. Upon the expiration or termination of this Agreement with
respect to any Service, all rights under this Agreement to receive such Service will cease.

     6.4 Right of Termination.

          (a) Except as otherwise provided in Attachment A with respect to a
particular Service, Buyer may terminate this Agreement for any reason with respect to
any Seller Service upon thirty (30) days’ prior written notice to Seller.

          (b) Except as otherwise provided in Attachment B with respect to a
particular Service, Seller may terminate this Agreement for any reason with respect to
any Buyer Service upon thirty (30) days’ prior written notice to Buyer.

ARTICLE VII

MISCELLANEOUS

     7.1 Notices. All communications provided for hereunder shall be in writing and shall
be deemed to be given when delivered in person or by private courier with receipt, when telefaxed
and received, and,

If to Buyer:

Snap-on Incorporated

2801 80th Street

Kenosha, Wisconsin 53143

Attention: Martin M. Ellen, Chief Financial Officer

Fax: 262-656-5221

with a copy to:

Snap-on Incorporated

2801 80th Street

Kenosha, Wisconsin 53143

Attention: Susan F. Marrinan, Chief Legal Officer

Fax: 262-656-4762

Quarles & Brady LLP

One South Pinckney Street

Suite 600

Madison, Wisconsin 53701-2113

Attention: Mark T. Ehrmann, Esquire

Fax: 608-294-4944

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If to Seller:

ProQuest Company

789 Eisenhower Parkway

P.O. Box 1346

Ann Arbor, Michigan 48106

Attention: General Counsel

Fax: 734-997-4040

with a copy to:

McDermott Will & Emery LLP

227 West Monroe Street

Chicago, Illinois 60606

Attention: Thomas J. Murphy, P.C.

Fax.: 312-984-7700

or to such other address as any such Party shall designate by written notice to the other parties
hereto.

     7.2 Survival. The termination or expiration of the Term, howsoever occasioned, shall
not affect any of the provisions of this Agreement which are expressly or by implication to come
into or continue in force after such termination or expiration.

     7.3 Amendment; Waiver. This Agreement may be amended, supplemented or otherwise
modified only by a written instrument executed by the Parties hereto. No waiver by either Party of
any of the provisions hereof shall be effective unless explicitly set forth in writing and executed
by the Party so waiving. The waiver by any Party hereto of a breach of any provision of this
Agreement shall not operate or be construed as a waiver of any subsequent breach.

     7.4 Expenses. Except as otherwise expressly provided herein or in the Purchase
Agreement, each Party to this Agreement shall pay its respective expenses (such as legal,
investment banker and accounting fees) incurred in connection with the origination, negotiation,
execution and performance of this Agreement. The provisions of this Section 7.4 shall survive any
termination of this Agreement.

     7.5 Entire Transaction. This Agreement and the documents referred to herein and
therein contain the entire understanding among the Parties as to the transactions contemplated
hereby and supersede all other agreements, understandings and undertakings among the Parties on the
subject matter hereof. All exhibits and schedules hereto are hereby incorporated by reference and
made a part of this Agreement.

     7.6 Other Rules of Construction. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. Any undertakings, representations and indemnities contained in
this Agreement are made and given subject to the contents of the Attachments attached hereto

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and are deemed to be modified and amended accordingly. No matter disclosed with respect to a
specific Attachment shall be deemed to be an exception to any other Attachment hereunder, unless
the applicability of such item is reasonably apparent by reference to such other Attachment.

     7.7 Partial Invalidity. In the event that any provision of this Agreement shall be
held invalid or unenforceable by any court of competent jurisdiction, such holding shall not
invalidate or render unenforceable any other provision hereof.

     7.8 Authorship. The Parties agree that the terms and language of this Agreement were
the result of negotiations between the Parties and, as a result, there shall be no presumption that
any ambiguities in this Agreement shall be resolved against either Party. Any controversy over
construction of this Agreement shall be decided without regard to events of authorship or
negotiation.

     7.9 Assignment. This Agreement shall bind and inure to the benefit of the Parties and
their respective successors and permitted assigns. This Agreement shall not be assigned by either
Party without the prior express written consent of the other Party, which consent shall not be
unreasonably withheld. This Agreement does not create any rights, claims or benefits inuring to
any person that is not a Party nor create or establish any third-party beneficiary hereto, unless
expressly provided herein.

     7.10 Governing Law. The Governing Law provision contained in the Purchase Agreement
shall govern this Agreement with respect to the law governing this Agreement.

     7.11 Dispute Resolution.

          (a) Negotiation. Should a dispute arise between the Parties relating to
this Agreement, the Parties will in good faith attempt to resolve the dispute between
their respective business contacts. Either Party may give notice of such a dispute to
the representative of the other party identified in Section 7.1 (Notice), and the
business contacts will meet and attempt to resolve the dispute within ten (10) Business
Days following delivery of such notice.

          (b) Senior Executives. Failing resolution during the period provided in the
preceding paragraph (a), each Party shall proceed with a hearing by senior executives
of Buyer and Seller (“Senior Executives”). Each Party shall appoint a Senior
Executive, and the Senior Executives shall meet in person within ten (10) Business Days
after the end of the period described in the preceding paragraph (a) and in good faith
attempt to resolve the dispute. If the Senior Executives cannot resolve the dispute
within fifteen (15) Business Days after their initial meeting, the aggrieved Party may
terminate this Agreement and exercise such other remedies as may be available to it
(whether at law or in equity).

     7.12 Force Majeure. Neither Buyer, nor Seller, shall be held responsible for failure
or delay in delivery of Services hereunder, if such failure or delay is due to an event Force
Majeure. Subject to the following paragraph, in the event of failure of or delay in the provision
or acceptance of Services under this Agreement as a result of any acts of God or governmental
authority, war, terrorism, strikes, boycotts, labor disputes or other forms of concerted
activity, fire or other loss of facilities, accident or any other cause beyond its control
(“Force Majeure”),

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the invoice price of such Services ordered may be reduced accordingly by
written notice by either Party to the other. If the performance of this Agreement by either Party
hereunder is prevented, restricted or interfered with by reason of a Force Majeure event, the Party
whose performance is so affected, upon giving prompt notice to the other Party, shall be excused
from such performance to the extent of such Force Majeure event; provided, however,
that (a) the Party so affected shall take all commercially reasonable steps to avoid or remove such
causes of nonperformance and shall continue performance hereunder with dispatch whenever such
causes are removed and (b) the term of this Agreement and the duration of the performance of the
Services rendered or stopped due to such Force Majeure shall be extended for the number of days
that such Service is materially impacted by the Force Majeure (provided that such extension shall
not be greater than thirty (30) days).

     7.13 Conflicts. To the extent this Agreement is in conflict with any Attachment
hereto, the Attachment will take precedence.

     7.14 Sales and Use Taxes. The Providing Party shall use reasonable efforts, consistent
with past practice, to comply with all applicable sales and use tax collection, remittance and
accounting and other obligations with respect to transactions billed by the Providing Party on
behalf of the Recipient Party pursuant to this Agreement, and shall provide the Recipient Party and
its authorized representatives with all information in the possession of the Providing Party
reasonably relating thereto. Seller and Buyer shall reasonably cooperate with respect to such
sales and use tax collection, remittance, accounting and other obligations, including audits with
respect thereto.

     7.15 Severability. If any provision of this Agreement shall be declared by any court
of competent jurisdiction to be illegal, void or unenforceable, all other provisions of this
Agreement shall not be affected and shall remain in full force and effect. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the Parties as closely as possible to the fullest extent permitted by applicable Law in an
acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent
possible.

     7.16 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed to be an original and all of which together shall be deemed to be one and
the same instrument.

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     IN WITNESS WHEREOF, the parties have caused this Transition Services Agreement to be duly
executed as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	PROQUEST COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SNAP-ON INCORPORATED	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:

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