To induce the individual defendants to purchase his shares in defendant corporation, plaintiff promised to pay certain "Guaranteed Obligations," which are defined in article VI of the subject agreement as "one-half of all claims, actions, litigation, and other liabilities[,] costs and expenses (a) in [certain pending legal actions, including a customs matter] and (b) of any type or nature of the Company ... which arise on account of the period up to and including the Closing...
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