{Seller.Representative.US.Letterhead}

Disclosure Letter

• Effective Date: {EffectiveDate.YMD}
• {Buyer.N/1/2}
  
  
• We refer to the {SPA.Doc.Ti} (the “{_Purchase_Agreement}”) to be entered into today between the undersigned individuals (“{_Sellers}”) and {Buyer.Name.Full} (“{_Buyer}”) pursuant to which {_Sellers} are to sell and {_Buyer} is to purchase all the issued and outstanding capital stock of the {_Company} as provided in the {_Agreement}.
• Terms defined in the {_Purchase_Agreement} are used with the same meaning in this {_Disclosure_Letter}.
• By reference to Article 3 of the {_Purchase_Agreement} (using the numbering in such Article), the following is disclosed:

1. Part 3.1
2. Part 3.2
3. Part 3.3
4. Part 3.6
5. Part 3.8
6. Part 3.9
7. Part 3.10
8. Part 3.11
9. Part 3.13
10. Part 3.14
11. Part 3.15
12. Part 3.16
13. Part 3.17
14. Part 3.18
15. Part 3.19
16. Part 3.20
17. Part 3.21
18. Part 3.22
19. Part 3.24
20. Part 3.26
21. Part 3.27
22. Part 4
23. Part 4.2
24. Part 11.2

• Very truly yours,

• {Seller.Representative.US.Frame.Sign.Block}

  
  
  
• {_Buyer} acknowledges receipt of this {_Disclosure_Letter}.

• {Buyer.US.Frame.Sign.Block}