|
|
|
|
Document Preview Asset Purchase Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Asset Purchase Agreement |
|||
|
Entities: |
Citibank, NA; Intel Corp.; Gibson, Dunn & Crutcher; Wilson Sonsini Goodrich & Rosati; New Focus Inc. |
|||
|
Date: |
2002 |
|||
|
Size: |
Preview shows 12KB of 180KB total |
|||
|
Price: |
$70 |
|||
|
ID: |
#137528 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
ASSET PURCHASE AGREEMENT
By and Between
NEW FOCUS, INC.,
on the one hand,
and
INTEL CORPORATION,
on the other hand
Dated May 23, 2002
{PAGE}
TABLE OF CONTENTS
ARTICLE I DEFINITIONS ............................................... 1
1.1 Definitions ............................................... 1
1.2 Index of Other Defined Terms .............................. 7
ARTICLE II PURCHASE AND SALE ......................................... 9
2.1 Purchased Assets .......................................... 9
2.2 Excluded Assets ........................................... 10
2.3 Assumption of Liabilities ................................. 11
2.4 Excluded Liabilities ...................................... 11
2.5 Assignment of Contracts and Rights ........................ 12
2.6 Purchase Price ............................................ 12
2.7 Closing ................................................... 12
ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER .................. 13
3.1 Existence and Good Standing ............................... 13
3.2 Authorization and Enforceability .......................... 14
3.3 Seller Approvals .......................................... 14
3.4 Non-Contravention ......................................... 14
3.5 Undisclosed Liabilities; Financial Information ............ 14
3.6 Absence of Certain Changes ................................ 15
3.7 Tangible Personal Property ................................ 15
3.8 Litigation ................................................ 16
3.9 Material Contracts ........................................ 16
3.10 Permits ................................................... 17
3.11 Compliance with Applicable Law ............................ 17
3.12 Employees; Employee Benefits .............................. 17
i
{PAGE}
3.13 Labor and Employment Matters .............................. 18
3.14 Intellectual Property ..................................... 18
3.15 Insurance ................................................. 26
3.16 Tax Matters ............................................... 26
3.17 Title to and Sufficiency of the Purchased Assets .......... 27
3.18 Supplier and Foundry Relationships ........................ 27
3.19 Customers ................................................. 27
3.20 Inventory ................................................. 28
3.21 Product Warranties ........................................ 28
3.22 Advisory Fees ............................................. 28
3.23 Full Disclosure ........................................... 28
3.24 Substantially All Assets .................................. 28
3.25 Photonetics Litigation .................................... 28
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PURCHASER ............... 28
4.1 Existence and Good Standing ............................... 28
4.2 Authorization and Enforceability .......................... 28
4.3 Governmental or Other Authorization ....................... 29
4.4 Non-Contravention ......................................... 29
4.5 Advisory Fees ............................................. 29
ARTICLE V COVENANTS OF SELLER ....................................... 29
5.1 Compliance with Terms of Required Seller Approvals ........ 29
5.2 Access to Information ..................................... 29
5.3 Retention of Books and Records ............................ 30
5.4 Delivery .................................................. 30
5.5 Transfer of Purchased Assets .............................. 30
5.6 Nonsolicitation ........................................... 30
ii
{PAGE}
ARTICLE VI COVENANTS OF PURCHASER .................................... 31
6.1 Compliance with Terms of Governmental Approvals and
Consents .................................................. 31
6.2 Employees and Offers of Employment ........................ 31
6.3 Nonsolicitation ........................................... 33
ARTICLE VII COVENANTS OF ALL PARTIES .................................. 33
7.1 Further Assurances ........................................ 33
7.2 Public Announcements ...................................... 33
7.3 Tax Matters ............................................... 34
7.4 Allocation of Purchase Price .............................. 35
7.5 Confidentiality ........................................... 35
ARTICLE VIII CONDITIONS TO CLOSING ..................................... 36
8.1 Conditions to Obligations of Purchaser and Purchaser ...... 36
8.2 Conditions to Obligations of Seller ....................... 37
ARTICLE IX INDEMNIFICATION ........................................... 38
9.1 Agreement to Indemnify .................................... 38
9.2 Survival; Limits on Indemnification ....................... 38
9.3 Escrow .................................................... 39
9.4 Claims for Indemnification ................................ 39
9.5 Defense of Claims ......................................... 40
9.6 Photonetics Warranty ...................................... 41
ARTICLE X MISCELLANEOUS ............................................. 41
10.1 Notices ................................................... 41
10.2 Amendments; Waivers; Cumulative Remedies .................. 42
10.3 Expenses .................................................. 43
10.4 Successors and Assigns .................................... 43
10.5 Governing Law ............................................. 43
iii
{PAGE}
10.6 Counterparts; Effectiveness ............................... 43
10.7 Entire Agreement .......................................... 43
10.8 Captions .................................................. 43
10.9 Severability .............................................. 43
10.10 Construction .............................................. 44
10.11 Dispute Resolution ........................................ 44
10.12 Submission to Jurisdiction; Waiver of Jury Trial .......... 44
10.13 Meaning of Include and Including .......................... 45
10.14 Third Party Beneficiaries ................................. 45
iv
{PAGE}
ASSET PURCHASE AGREEMENT
------------------------
THIS ASSET PURCHASE AGREEMENT, dated as of May 23, 2002 (the
"Agreement"), is by and between New Focus, Inc., a Delaware corporation
("Seller"), and Intel Corporation, a Delaware corporation ("Purchaser"). All
capitalized terms have the meanings ascribed to such terms in Article I or as
otherwise defined herein.
W I T N E S S E T H:
WHEREAS, the Seller desires to sell to Purchaser, and Purchaser desires
to purchase from Seller certain of Seller's assets;
WHEREAS, Purchaser desires to license from Seller, and Seller desires to
license to Purchaser, certain Intellectual Property Rights not included in the
Purchased Assets;
WHEREAS, Seller desires to license from Purchaser, and Purchaser desires
to license to Seller, certain Intellectual Property Rights relating to the
Purchased Assets;
WHEREAS, as an inducement for Purchaser to enter into this Agreement,
certain of the Designated Employees have orally accepted contingent offers of
employment extended by Purchaser prior to the Closing Date, to be effective upon
the Closing Date;
WHEREAS, Purchaser and Seller are entering into certain ancillary
agreements simultaneously with the closing of the transactions contemplated
hereby; and
NOW, THEREFORE, in consideration of the foregoing premises, the mutual
representations, warranties, covenants and agreements hereinafter set forth, and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
1.1 Definitions. The following terms, as used herein, have the
-----------
following meanings:
"Acquisition Documents" means this Agreement, the Bill of Sale, the
Assignment and Assumption Agreement, the License Agreement, the Transition
Services Agreement, the OEM and Supply Agreement, the Noncompetition Agreement,
the Escrow Agreement, the Patent Assignments and any other document or agreement
executed in connection with any of the foregoing, together with any Exhibits and
Schedules thereto, and in each case as modified, amended, supplemented, restated
or renewed from time to time. Notwithstanding the foregoing, for the purposes of
Article IX, the definition of "Acquisition Document" shall not include the
License Agreement, the Noncompetition Agreement, the OEM and Supply Agreement or
the Transition Services Agreement.
"Affiliate" means, with respect to any Person, any Person directly or
indirectly controlling, controlled by or under direct or indirect common control
|
End of Preview |
Home Intelligence Services Subscriptions News About Us