The purchase price is based on Indesit's average net debt position for 2013 (to be audited). Fineldo and Merloni Family Agreements Closings under the Fineldo Agreement and the Merloni Family Agreement are subject to the prior issuance of required antitrust clearances in the EMEA region and authorization by the Court of Ancona (which must approve the sale under the terms of the guardianship of Mr. Vittorio Merloni, Fineldo's controlling shareholder) and other customary conditions. Closings under the Fineldo and Merloni Family Agreements are to take place simultaneously and are currently expected to occur by the end of 2014. Fineldo and the Merloni Family Members have agreed with Whirlpool not to initiate, solicit, agree or execute with any other person any transaction concerning their Indesit shares until the earliest to occur of closings under the agreements; July 31, 2015; or, if the Court of Ancona does not authorize the transaction with Whirlpool, December 31, 2014.