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Document Preview Asset Purchase Agreement |
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Title: |
Asset Purchase Agreement |
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Entities: |
Citadel Security Software Inc.; Mcafee, Inc.; Bank of America, NA |
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Date: |
2006 |
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Size: |
Preview shows 43KB of 221KB total |
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Price: |
$66 |
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ID: |
#2573402 |
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Start of Preview |
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ARTICLE I |
Purchase of Assets | 2 | ||||
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1.1 |
Purchase of Assets | 2 | ||||
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1.2 |
Excluded Assets | 3 | ||||
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1.3 |
Assumed Liabilities | 4 | ||||
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1.4 |
Excluded Liabilities | 5 | ||||
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1.5 |
Consideration | 6 | ||||
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1.6 |
Closing | 9 | ||||
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1.7 |
Closing Deliveries | 9 | ||||
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1.8 |
Further Assurances | 10 | ||||
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1.9 |
Allocation of Purchase Price | 10 | ||||
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ARTICLE II |
Representations and Warranties of the Sellers | 11 | ||||
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2.1 |
Organization | 11 | ||||
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2.2 |
Authority | 12 | ||||
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2.3 |
Title to Assets | 12 | ||||
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2.4 |
No Violation | 13 | ||||
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2.5 |
Governmental Consents | 13 | ||||
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2.6 |
SEC Filings; Seller Financial Statements | 14 | ||||
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2.7 |
Business Changes | 15 | ||||
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2.8 |
Taxes | 16 | ||||
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2.9 |
Litigation | 18 | ||||
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2.10 |
Compliance with Laws | 18 | ||||
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2.11 |
Permits | 18 | ||||
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2.12 |
Employee Matters | 18 | ||||
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2.13 |
Employee Benefit Plans; Change of Control Benefits | 20 | ||||
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2.14 |
Business Contracts | 21 | ||||
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2.15 |
Customers | 23 | ||||
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2.16 |
Intellectual Property Rights | 24 | ||||
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2.17 |
Environmental Matters | 26 | ||||
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2.18 |
Competing Interests | 27 | ||||
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2.19 |
Illegal Payments or Activities | 28 | ||||
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2.20 |
No Misrepresentations | 28 | ||||
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2.21 |
Sufficiency of Consideration | 28 | ||||
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2.22 |
No Involuntary Liquidation, Insolvency, Winding-Up | 28 | ||||
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2.23 |
Disclosure | 29 | ||||
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2.24 |
Bulk Transfer Laws | 29 | ||||
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2.25 |
Product Warranties | 29 | ||||
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2.26 |
Various Agreements | 30 | ||||
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2.27 |
Settlement Agreements | 30 | ||||
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2.28 |
Insurance Coverage | 30 | ||||
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2.29 |
Backlog | 30 | ||||
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2.30 |
Privacy of Customer Information | 30 | ||||
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2.31 |
Distributors and Partners | 31 | ||||
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2.32 |
Suppliers | 31 | ||||
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2.33 |
Fairness Opinion Provider | 31 | ||||
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2.34 |
Broker Fees | 31 | ||||
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2.35 |
[Intentionally Omitted] | 31 | ||||
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2.36 |
Internal Controls | 31 | ||||
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2.37 |
Export Control Laws | 32 | ||||
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2.38 |
[Intentionally Omitted] | 32 | ||||
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2.39 |
Ordinary Course of Business | 32 | ||||
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2.40 |
Remaining Proceeds | 32 | ||||
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2.41 |
2006 Reorganization | 32 | ||||
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ARTICLE III |
Representations and Warranties of Buyer | 33 | ||||
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3.1 |
Organization | 33 | ||||
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3.2 |
Authority | 33 | ||||
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3.3 |
No Violation | 33 | ||||
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3.4 |
Governmental Consents | 33 | ||||
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3.5 |
Disclosure | 33 | ||||
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3.6 |
Financing | 34 | ||||
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3.7 |
Certain Proceedings | 34 | ||||
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3.8 |
Brokers Fees | 34 | ||||
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ARTICLE IV |
Covenants and Agreements | 34 | ||||
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4.1 |
Conduct of Business | 34 | ||||
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4.2 |
Access and Information | 37 | ||||
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4.3 |
Supplemental Disclosure | 38 | ||||
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4.4 |
Regulatory Filings; Reasonable Efforts | 38 | ||||
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4.5 |
Publicity | 40 | ||||
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4.6 |
Transaction Costs | 40 | ||||
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4.7 |
No-Shop Provisions | 40 | ||||
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4.8 |
Nondisclosure | 43 | ||||
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4.9 |
Employee Matters | 43 | ||||
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4.10 |
Tax Information | 45 | ||||
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4.11 |
Proxy Statement | 45 | ||||
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4.12 |
Meeting of Citadels Stockholders | 46 | ||||
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4.13 |
Post-Closing Payment of Citadel Party Liabilities | 47 | ||||
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4.14 |
Name Changes | 48 | ||||
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4.15 |
Access to Records | 49 | ||||
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4.16 |
Voluntary Self-Disclosure Proceedings | 49 | ||||
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4.17 |
Buyers Certificate | 49 | ||||
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4.18 |
Third Party Consents | 49 | ||||
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ARTICLE V |
Closing Conditions | 50 | ||||
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5.1 |
Conditions to Obligations of Buyer | 50 | ||||
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5.2 |
Conditions to Obligations of the Sellers | 52 | ||||
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ARTICLE VI |
Indemnification | 53 | ||||
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6.1 |
Indemnification of Buyer and Parent | 53 | ||||
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6.2 |
Indemnification of the Citadel Parties | 54 | ||||
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6.3 |
Survival | 54 | ||||
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6.4 |
Notice | 55 | ||||
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6.5 |
Defense of Claims | 55 | ||||
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6.6 |
Amount Limitation of Indemnification | 56 | ||||
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ARTICLE VII |
Covenant Not to Compete or Solicit | 57 | ||||
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7.1 |
Covenant Not to Compete | 57 | ||||
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7.2 |
Covenant Not to Solicit | 57 | ||||
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7.3 |
Enforcement | 58 | ||||
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7.4 |
Acknowledgement of Consideration | 58 | ||||
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7.5 |
Remedies | 58 | ||||
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ARTICLE VIII |
Termination, Amendment And Waiver | 58 | ||||
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8.1 |
Termination | 58 | ||||
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8.2 |
Effect of Termination | 60 | ||||
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ARTICLE IX |
Miscellaneous | 60 | ||||
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9.1 |
Notices | 60 | ||||
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9.2 |
Fees and Expenses | 61 | ||||
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9.3 |
Counterparts | 62 | ||||
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9.4 |
Interpretation | 63 | ||||
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9.5 |
Severability | 63 | ||||
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9.6 |
Binding Effect; Assignment | 63 | ||||
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9.7 |
Entire Agreement, Amendment | 63 | ||||
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9.8 |
Specific Performance, Remedies Not Exclusive | 63 | ||||
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9.9 |
GOVERNING LAW | 64 | ||||
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9.10 |
JURISDICTION AND VENUE | 64 | ||||
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9.11 |
Drafting | 64 | ||||
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9.12 |
Usage | 64 | ||||
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9.13 |
Certain Definitions | 64 | ||||
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End of Preview |
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