Asset Purchase Agreement printable pdf download

ASSET PURCHASE AG REEMEN T

(Buye r- O rie n te d Sh o rt Fo rm )

Th is As s e t P u r c h a s e Ag r e e me n t (“ Ag r e e me n t ” ) is ma d e a n d e n t e r e d in t o

a s o f t h is ____ d a y o f _____, b y a n d b e t we e n _____Ac q u is it io n Co r p ., a n Il l in o is

c o r p o r a t io n (t h e “ Bu ye r ” ), a n d ABC, In c ., a n Il l in o is c o r p o r a t io n (t h e “

S e l l e r ” ).

RECITALS

S e l l e r is e n g a g e d in t h e b u s in e s s o f p u b l is h in g ma g a z in e s wh ic h

t a r g e t t h e n a t io n a l f r a t e r n a l o r d e r in d u s t r y (t h e “ Bu s in e s s ” ); a n d

S e l l e r d e s ir e s t o s e l l s u b s t a n t ia l l y a l l o f it s a s s e t s t o Bu ye r , a n d

Bu ye r d e s ir e s t o p u r c h a s e t h o s e a s s e t s a n d a s s u me c e r t a in s p e c if ie d

l ia b il it ie s , o n t h e t e r ms a n d s u b j e c t t o t h e c o n d it io n s h e r e in a f t e r s e t

f o r t h ;

NOW, THEREF ORE, in c o n s id e r a t io n o f t h e p r e mis e s a n d t h e r e s p e c t ive

wa r r a n t ie s , r e p r e s e n t a t io n s , c o ve n a n t s a n d a g r e e me n t s h e r e in a f t e r s e t

f o r t h , S e l l e r a n d Bu ye r h e r e b y mu t u a l l y a g r e e a s f o l l o ws :

1 .

Purch a se d Asse ts. S e l l e r a g r e e s t o s e l l , a s s ig n , t r a n s f e r a n d d e l ive r

t o Bu ye r , a n d Bu ye r a g r e e s t o p u r c h a s e f r o m S e l l e r , o n t h e Cl o s in g Da t e

(a s d e f in e d in s e c t io n 4 h e r e o f ), a l l o f t h e r ig h t , t it l e a n d in t e r e s t o f

S e l l e r in a n d t o a l l o f t h e f o l l o win g a s s e t s (t h e “ P u r c h a s e d As s e t s ” )

wh ic h a r e o wn e d a n d /o r u s e d b y S e l l e r in c o n n e c t io n wit h t h e Bu s in e s s ,

f r e e

a n d

c l e a r

o f

a l l

s e c u r it y in t e r e s t s , l ie n s , c l a ims

a n d

o t h e r

e n c u mb r a n c e s :

a l l c a s h a n d ma r k e t a b l e s e c u r it ie s (e q u a l in a mo u n t t o t h e b o o k

va l u e

o f

a l l

As s u me d Lia b il it ie s

c o n t e mp l a t e d in

s e c t io n

2 (a )

h e r e o f ), l ic e n s e s , a c c o u n t s r e c e iva b l e , p r e p a id e xp e n s e s , in ve n t o r y,

e q u ip me n t in c l u d in g a l l

p h o n e s ys t e ms , f ixt u r e s a n d f u r n it u r e ,

c u s t o me r

a n d

s u p p l ie r

l is t s ,

p h o n e

n u mb e r s ,

t r a d e ma r k s ,

t r a d e n a me s ,

c o r p o r a t e

n a me s ,

s e r vic e

ma r k s ,

t r a d e

s e c r e t s ,

p r o p r ie t a r y d a t a , a n d o t h e r in t e l l e c t u a l p r o p e r t y r ig h t s , l e a s e s a n d

c o n t r a c t s s e t f o r t h a s As s u me d Lia b il it ie s a n d c o n t e mp l a t e d in

s e c t io n 2 (b ) a n d S c h e d u l e 2 (b ) a t t a c h e d h e r e t o a n d ma d e a p a r t

h e r e o f , a n d b o o k s a n d r e c o r d s .

Th e P u r c h a s e d As s e t s s h a l l n o t in c l u d e , a n d S e l l e r s h a l l r e t a in , a l l o f

it s c a s h , c e r t if ic a t e s o f d e p o s it a n d ma r k e t a b l e s e c u r it ie s wh ic h in t h e

a g g r e g a t e e xc e e d t h e b o o k va l u e o f t h e a mo u n t o f As s u me d Lia b il it ie s

c o n t e mp l a t e d in s e c t io n 2 (a ).

2 .

Lia b ilitie s Assum e d b y Buye r. Bu ye r a n d S e l l e r a g r e e t h a t Bu ye r s h a l l

n o t a s s u me , n o r s h a l l Bu ye r in a n y wa y b e r e s p o n s ib l e f o r , a n y l ia b il it y,

o b l ig a t io n , c l a im o r c o mmit me n t , c o n t in g e n t , a c t u a l o r o t h e r wis e , k n o wn o r

u n k n o wn , o f

S e l l e r

o r

a n y o f

it s

s h a r e h o l d e r s , d ir e c t o r s , o f f ic e r s ,

e mp l o ye e s o r a g e n t s , it b e in g e xp r e s s l y u n d e r s t o o d a n d a g r e e d t h a t S e l l e r

s h a l l c o n t in u e t o b e r e s p o n s ib l e f o r a n y a n d a l l l ia b il it ie s , o b l ig a t io n s ,

Asset Purchase Agreement

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