Danka Business Systems PLC (Danka) was an independent providers of document solutions, including office imaging equipment, software, support, and related services and supplies in the United States. Danka’s revenue was generated from two primary sources: new retail equipment, supplies and related sales, and service contracts. During the fiscal year ended March 31, 2008 (fiscal 2008), retail equipment, supplies and related sales accounted for approximately 45% of its total revenue. On June 27, 2008, the Company completed the sale of its United States operating subsidiary, Danka Office Imaging Company (DOIC). Pursuant to a stock purchase agreement (as amended, the Stock Purchase Agreement), dated as of April 8, 2008, among Danka, Danka Holding Company and Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), the Company sold its United States operations to Konica Minolta in a sale of all the outstanding capital stock of DOIC.