Assetpurchaseagreement

Assetpurchaseagreement - Sample Contracts : ASSET PURCHASE...

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Unformatted text preview: Sample Contracts : ASSET PURCHASE AGREEMENT -------------------------------------------------------------- By and Among OPTIMUM GROUP, INC., JAMES H. FERGUSON, MICHAEL J. HALLORAN, CHRISTINA M. HEILE, DAVID E. HUDDLESTON, THOMAS E. LACHENMAN, RODERICK S. TAYLOR, THOMAS L. WESSLING, OG ACQUISITION CORP. and INMARK ENTERPRISES, INC. Dated as of December 8, 1997 ============================================================== <PAGE> <TABLE> TABLE OF CONTENTS <S> <C> Page 1.1 Certain Defined Terms.................................................2 ARTICLE 2 PURCHASE AND SALE OF ASSETS.............................15 2.1 Purchase and Sale of Assets......................................15 (a) Cash....................................................15 (b) Assigned Contracts......................................15 (c) Intellectual Property...................................16 (d) Name and Goodwill.......................................16 (e) Records.................................................16 (f) Insurance Policies......................................16 (g) Tangible Personal Property and Fixtures.................16 (h) Safe Deposit Boxes and Off-Site Storage Facilities..............................................16 (i) Inventories and Supplies................................16 2.2 Excluded Assets..................................................17 (a) Corporate Documents.....................................17 (b) This Agreement..........................................17 (c) Shareholder Promissory Notes............................17 2.3 Assumption of Liabilities........................................17 2.4 Purchase Price...................................................18 2.5 Allocation of Purchase Price.....................................18 2.6 Closing..........................................................19 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF SELLER AND THE SHAREHOLDERS..........................20 3.1 Organization and Qualification of Seller.............................20 3.2 Authority; Due Execution; Binding Obligation.........................20 3.3 Capital Stock of Seller..............................................21 3.4 Subsidiaries and Affiliates..........................................21 3.5 Corporate Books and Records..........................................22 3.6 No Conflict..........................................................22 3.7 Governmental Consents and Approvals..................................23 3.8 Financial Information, Books and Records and Operating Data...................................................23 3.9 Title................................................................24 3.10 Solvency and Payment of Liabilities..................................25 3.11 Inventories..........................................................25 3.12 Acquired Assets......................................................26 3.13 [INTENTIONALLY DELETED]..............................................26 3.14 Conduct in the Ordinary Course; Absence of 3....
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Assetpurchaseagreement - Sample Contracts : ASSET PURCHASE...

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