Teligent Transaction

Teligent Transaction. Following the TSI Closing and TSI Liquidation, the Buyer wishes to purchase, and Teligent wishes to sell, substantially all of Teligent's assets, including without limitation the TSI Stock Consideration distributed to Teligent in connection with the TSI Liquidation, to the Buyer in exchange for the Teligent Stock Consideration and the assumption by the Buyer of the Assumed Teligent Liabilities, as those terms are defined herein (the "Teligent Transaction");