COMPUTER TASK GROUP INC Exhibit
EX-2.1 2 d669773dex21.htm EX-2.1 EX-2.1 Exhibit 2.1   SALE AND PURCHASE AGREEMENT TECH-IT PSF SA 3 JANUARY 2019 Between Mr. Kaddour Hamid and KARP-KNEIP PARTICIPATIONS S.A. as the Sellers Computer Task Group Luxembourg PSF S.A. as Purchaser CONTENTS   Clause        Page   1   INTERPRETATION      4   2   SALE AND PURCHASE      6   3   NO LEAKAGE      6   4   CONDITION PRECEDENT      8   5   COMPLETION      9   6   CONSIDERATION      10   7   POST-COMPLETION      11   8   SELLERS’ WARRANTIES AND INDEMNITIES      12   9   PURCHASER’S WARRANTIES      13   10   PROTECTIVE COVENANTS      14   11   OTHER PRE-COMPLETION COVENANTS OF THE SELLERS      16   12   NON-SOLLICITATION AND NON-COMPETITION      17   13   ANNOUNCEMENTS AND CONFIDENTIALITY      18   14   NOTICES      19   15   FURTHER ASSURANCES      20   16   ASSIGNMENTS      20   17   PAYMENTS      20   18   GENERAL      21   19   COOPERATION DUTIES OF THE COMPANY      21   20   NO RESCISSION      22   21   EXCLUSIVE REMEDY      22   22   WHOLE AGREEMENT      22   23   ALLOCATION OF LIABILITIES BETWEEN THE SELLERS      22   24   GOVERNING LAW AND JURISDICTION      23     2 SCHEDULE    SCHEDULE 1 – DEFINITIONS      24   SCHEDULE 2 – COMPLETION      30   SCHEDULE 3 – SELLERS’ WARRANTIES      32   SCHEDULE 4 – WARRANTY CLAIMS      44   SCHEDULE 5 – LEAKAGE      50   SCHEDULE 6 – FUNDAMENTAL SELLERS’ WARRANTIES      51   SCHEDULE 7 – NEW SERVICES AGREEMENT WITH THE SELLER 2      52   SCHEDULE 8 – EBIT CALCULATIONS      53   SCHEDULE 9 – FORM OF SETTING OFF LETTER RELATING TO THE INTERCOMPANY RECEIVABLES      54   SCHEDULE 10 – LOCKED-BOX ACCOUNTS      56   SCHEDULE 11 – RESIGNATION LETTER      57   SCHEDULE 12 – COMMON AGREEMENT ON TERMINATION AND FIXED TERM EMPLOYMENT AGREEMENT      60   Signatories      61     3 THIS AGREEMENT is made on the date indicated on the cover page (the Agreement),…
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About COMPUTER TASK GROUP, INCORPORATED (NASDAQ:CTG)

Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing. CTG provides these primary services to all of the markets that it serves. The services provided encompass the IT business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the IT solution. It provides administrative or warehouse employees to clients to supplement the IT resources. The Company promotes a portion of its services through five vertical market focus areas: technology service providers, manufacturing, healthcare (which includes services provided to healthcare providers, health insurers, and life sciences companies), financial services, and diversified industrials.