|
|
|
|
Document Preview Stock Purchase Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Stock Purchase Agreement |
|||
|
Entities: |
||||
|
Date: |
2002 |
|||
|
Size: |
Preview shows 11KB of 83KB total |
|||
|
Price: |
$58 |
|||
|
ID: |
#1611991 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
3 e789618.txt STOCK PURCHASE AGREEMENT
STOCK PURCHASE AGREEMENT
AMONG
HOMADA LLC,
HABITAT SOLUTIONS, INC.
AND
INTERIORS, INC.,
JANUARY 16 2002
TABLE OF CONTENTS
PAGE
ARTICLE I DEFINITIONS ..................................................1
ARTICLE II PURCHASE AND SALE OF SHARES ......................................7
SECTION 2.01 Purchase and Sale of Shares ............................7
SECTION 2.02 Purchase Price .........................................7
SECTION 2.03 Adjustment for Future Performance ......................9
SECTION 2.04 Closing ................................................10
SECTION 2.05 Actions Prior to and at the Closing ....................10
ARTICLE III REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY .........11
SECTION 3.01 Organization and Good Standing; Authorization...........11
SECTION 3.02 No Conflicts............................................11
SECTION 3.03 Capitalization .........................................12
SECTION 3.04 Financial Statements; Completion Schedule ..............12
SECTION 3.05 Title to Property; Encumbrances. .......................13
SECTION 3.06 Inventory ..............................................14
SECTION 3.07 Compliance with Law ....................................14
SECTION 3.08 Insurance ..............................................15
SECTION 3.09 Indebtedness ...........................................16
SECTION 3.10 Judgments; Litigation ..................................16
SECTION 3.11 Income and Other Taxes .................................17
SECTION 3.12 Corporate Records ......................................18
SECTION 3.13 Employee Benefit Matters ...............................18
SECTION 3.14 No Undisclosed Liabilities .............................18
SECTION 3.15 Permits, Licenses, Etc. ................................18
SECTION 3.16 Regulatory Filings .....................................18
SECTION 3.17 Consents ...............................................19
SECTION 3.18 Material Contracts; No Defaults ........................19
SECTION 3.19 Absence of Certain Changes .............................21
SECTION 3.20 Employees and Labor Matters ............................21
SECTION 3.21 Affiliations ...........................................22
SECTION 3.22 Warranty Liability .....................................23
SECTION 3.23 Hazardous Materials ....................................23
SECTION 3.24 Brokers' Fees ..........................................24
SECTION 3.25 Disclosure .............................................24
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER ......................24
SECTION 4.01 Organization, Power and Authority of Buyer .............24
SECTION 4.02 Authorization ..........................................24
SECTION 4.03 No Conflict or Violation ...............................24
SECTION 4.04 Capitalization .........................................25
i
SECTION 4.05 Consents and Approvals .................................25
SECTION 4.06 Reports and Financial Statements .......................25
SECTION 4.07 Brokers' Fees ..........................................26
ARTICLE V REPRESENTATIONS AND WARRANTIES OF Shareholder ...............26
SECTION 5.01 Ownership of Shares ....................................26
SECTION 5.02 Delivery of Good Title .................................26
SECTION 5.03 Execution and Delivery .................................26
SECTION 5.04 No Conflicts ...........................................26
ARTICLE VI CONDITIONS TO CONSUMMATION OF SALE OF SHARES .................28
SECTION 6.01 Conditions to Obligations of Buyer .....................28
SECTION 6.02 Conditions to Obligations of the Shareholder ...........30
ARTICLE VII ADDITIONAL COVENANTS .........................................33
SECTION 7.01 Covenants of the Shareholder ...........................33
SECTION 7.02 Covenants of Buyer .....................................34
SECTION 7.03 Access and Information .................................34
SECTION 7.04 Expenses ...............................................35
SECTION 7.05 Certain Notifications ..................................35
SECTION 7.06 Publicity; Employee Communications .....................35
SECTION 7.07 Further Assurances .....................................36
SECTION 7.08 Competing Offers; Merger or Liquidation ................36
SECTION 7.09 Inconsistent Action ....................................36
SECTION 7.10 Post-Termination Employment ............................36
ARTICLE VIII TERMINATION, AMENDMENT AND WAIVER ............................37
SECTION 8.01 Termination ............................................37
SECTION 8.02 Effect of Termination ..................................37
SECTION 8.03 Amendment ..............................................37
SECTION 8.04 Waiver .................................................37
ARTICLE IX INDEMNIFICATION ..............................................38
SECTION 9.01 Survival of Representations and Warranties
and Covenants ........................................38
SECTION 9.02 Indemnification ........................................38
SECTION 9.03 Third Party Claims .....................................39
SECTION 9.04 Indemnification Non-Exclusive ..........................40
ARTICLE X GENERAL PROVISIONS ...........................................40
SECTION 10.01 Notices ................................................40
SECTION 10.02 Severability ...........................................41
SECTION 10.03 Entire Agreement .......................................41
SECTION 10.04 Successors and Assigns..................................42
SECTION 10.05 Counterparts............................................42
SECTION 10.06 Schedules and Annexes ..................................42
SECTION 10.07 Construction ...........................................42
SECTION 10.08 Governing Law ..........................................42
ii
SECTION 10.09 Arbitration Concerning Disputes Regarding EBIT .........42
LIST OF ANNEXES
Annex A - Form of Shareholder Certificate
Annex B - Certificate of the Company's Officers
Annex C - Certificate of the Company's Secretary
iii
STOCK PURCHASE AGREEMENT
THIS STOCK PURCHASE AGREEMENT (this "AGREEMENT") is entered into as of
January 16, 2002, by and among Habitat Solutions, Inc., a Delaware corporation
("SHAREHOLDER"), Interiors, Inc., a Delaware corporation and the parent
corporation of the Shareholder ("Interiors"), and Homada LLC, a California
Limited Liability Company ("BUYER").
R E C I T A L S
(d) The Shareholder owns 100 shares of common stock (the "SHARES") of ------
Concepts 4, Inc., a California corporation (the "COMPANY"). The -------
Shareholder is the owner of all the issued and outstanding common stock of
the Company.
(e) The Shareholder desires to sell to Buyer, and Buyer desires to purchase
from the Shareholder, the Shares in accordance with the terms of this
Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants, agreements,
representations and warranties herein contained, the parties hereto agree as
follows:
ARTICLE I.
DEFINITIONS
Unless the context otherwise requires, the terms defined in this Article I
shall have the meanings herein specified for all purposes of this Agreement,
applicable to both the singular and plural forms of any of the terms herein
defined. All accounting terms defined in this Article I and those accounting
terms used in this Agreement and not defined in this Article I shall, except as
otherwise provided for herein, be construed in accordance with GAAP.
"ACTION" shall mean any actual or threatened claim, action, suit,
arbitration, hearing, inquiry, proceeding, complaint, charge or investigation by
or before any Governmental Entity or arbitrator and any appeal from any of the
foregoing.
"AFFILIATE" shall mean any Person which directly or indirectly controls,
is controlled by, or is under common control with, the indicated Person.
"AGREEMENT" shall have the meaning assigned to such term in the
introductory paragraph of this Agreement.
"BALANCE SHEET DATE" shall have the meaning assigned to such term in
Section 3.04(a) hereof.
"BROKER" shall have the meaning assigned to such term in Section 3.24
hereof.
"BUYER" shall have the meaning assigned to such term in the introductory
paragraph of this Agreement.
"CLAIM NOTICE" shall have the meaning assigned to such term in Section
9.03 hereof.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us