Preview | Asset Purchase Agreement |

Document Preview

Asset Purchase Agreement

Click "Add to Cart" button to purchase document.
Documents are emailed immediately after purchase.
You can also browse documents by title, category, or company... or click here for help finding documents.

Title:

Asset Purchase Agreement

Entities:

Powernomics Enterprise Corp.

Date:

2000

Size:

Preview shows 2KB of 8KB total

Price:

$40

ID:

#1618761

► Purchase & Sale ► Purchase ► Asset Purchase Agreements

Start of Preview

4

0004.txt

MATERIAL CONTRACT









                            ASSET PURCHASE AGREEMENT



     THIS AGREEMENT, made this 1st day of May A.D. 2000 BETWEEN Del Marva

Fisheries, principals Richard L. Sheriff, James L. Gischel, and Theodore F.

Bayer, (hereinafter called Seller), and Powernomics Enterprise Corporation, or

its assignee or nominee (hereinafter called Buyer).



                                   WITNESSETH:



           That Seller hereby agrees to sell and convey to Buyer, who hereby

agrees to purchase:



           ALL THAT CERTAIN lot or piece of ground known as NE Nealson Street,

Hurlock, Maryland 21643, building affixed thereon, equipment, furnishings,

supplies and all other assets (hereinafter called Assets) of Del Marva

Fisheries, upon the following terms and conditions to wit:--



1.   The price or consideration shall be Nine Hundred Fifty Thousand Dollars

     ($950,000) which shall be paid to the Seller by the Buyer in the way and

     manner following, to wit:



A.   Ninety Five Thousand ($95,000) Dollars in cash upon the execution of this

     agreement receipt whereof is hereby acknowledged.



B.   The balance thereof, Eight Hundred Fifty Five Thousand ($855,000) Dollars

     in cash or certified check at Settlement.



1.   Deposit or hand moneys shall be paid to Del Marva Fisheries. In exchange

     for the deposit, Seller grants Buyer access to the premises, for the

     purposes of raising and selling fish. Seller will vacate premises and Buyer

     will purchase inventory.



2.   The Assets are to be conveyed free and clear of all liens, encumbrances and

     easements, EXCEPTING HOWEVER, the following:-- Existing building

     restrictions, ordinances, easements of roads privileges or rights of public

End of Preview

Home Intelligence Services Subscriptions News About Us