|
|
|
|
Document Preview Asset Purchase Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Asset Purchase Agreement |
|||
|
Entities: |
||||
|
Date: |
2002 |
|||
|
Size: |
Preview shows 4KB of 152KB total |
|||
|
Price: |
$62 |
|||
|
ID: |
#120973 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
ASSET PURCHASE AGREEMENT
BY AND AMONG
POWERCERV CORPORATION,
POWERCERV TECHNOLOGIES CORPORATION
PCV ACQUISITION, INC
AND
ASA INTERNATIONAL, LTD.
Dated as of October 1, 2002
{PAGE}
INDEX OF EXHIBITS
Exhibit Description
------- -----------
Exhibit A Form of Promissory Note
Exhibit B Form of Instrument of Assumption of Liabilities
Exhibit C Bill of Sale and General Assignment of Seller Assets
Exhibit D Trademark Assignment
Exhibit E Copyright Assignment
Exhibit F Non-Competition Agreement
{PAGE}
INDEX OF SCHEDULES
Seller Schedule Description
--------------- -----------
{PAGE}
ASSET PURCHASE AGREEMENT
This ASSET PURCHASE AGREEMENT (the or this "Agreement") is made and
entered into as of October 1, 2002 by and among PCV Acquisition, Inc., a
Delaware corporation ("Buyer"); PowerCerv Corporation, a Florida corporation
("PowerCerv"); PowerCerv Technologies Corporation, a Florida Corporation and
wholly-owned subsidiary of PowerCerv (the "Subsidiary", and together with
PowerCerv, the "Seller"); and ASA International Ltd., a Delaware Corporation and
the sole Stockholder of Buyer ("ASA").
RECITALS
A. The Boards of Directors of each of Seller and Buyer believe it is in the
best interests of each company and its respective stockholders that Buyer
acquire certain of the assets of, and assume certain of the liabilities of,
Seller (the "Acquisition").
B. Seller is engaged in the business of designing, developing, licensing,
supporting, maintaining, selling and marketing and implementing software
primarily for manufacturing companies (the "Business").
NOW, THEREFORE, in consideration of the covenants, promises and
representations set forth herein, and for other good and valuable consideration,
the parties agree as follows:
ARTICLE I
THE ACQUISITION
1.1 Purchase of Assets.
(a) Purchase and Sale of Assets. On the terms and subject to the
conditions set forth in this Agreement, Seller will sell, convey, transfer,
assign and deliver to Buyer, and Buyer will purchase and acquire from Seller on
the Closing Date (as defined in Section 1.5), all of Seller's rights, title and
interest in and to all of the assets of Seller (collectively the "Seller
Assets") free and clear of all liens, pledges, charges, claims, security
interests or other encumbrances of any sort (collectively, "Liens"), (excluding
Liens listed on Schedule 2.7), including without limitation, the following
(provided, however, that the Seller Assets shall not include those assets set
|
End of Preview |
Home Intelligence Services Subscriptions News About Us