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Title: |
Stock Purchase Agreement |
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Entities: |
NPC International Inc; PepsiCo, Inc.; U.S. Bank, NA; Bank of America, NA |
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Date: |
2006 |
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Size: |
Preview shows 57KB of 288KB total |
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Price: |
$51 |
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ID: |
#2577867 |
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Start of Preview |
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EXECUTION VERSION
STOCK PURCHASE AGREEMENT
Among
Mr. O. Gene Bicknell,
The Stockholders of NPC International, Inc.,
NPC Acquisition Holdings, LLC
and
NPC International, Inc.
Dated as of March 3, 2006
TABLE OF CONTENTS
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Page |
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ARTICLE I | |
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DEFINITIONS | |
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SECTION 1.01. Certain Defined Terms |
1 |
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SECTION 1.02. Interpretation and Rules of Construction |
14 |
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ARTICLE II | |
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PURCHASE AND SALE | |
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SECTION 2.01. Purchase and Sale of the Shares |
15 |
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SECTION 2.02. Purchase Price |
15 |
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SECTION 2.03. Closing |
15 |
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SECTION 2.04. Closing Deliveries by the Sellers |
15 |
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SECTION 2.05. Closing Deliveries by the Company |
16 |
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SECTION 2.06. Closing Deliveries by the Purchaser |
17 |
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SECTION 2.07. Determination of Final Company Indebtedness |
18 |
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SECTION 2.08. Escrow |
21 |
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ARTICLE III | |
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REPRESENTATIONS AND WARRANTIES | |
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OF THE SELLERS | |
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SECTION 3.01. Organization, Authority and Qualification of the Sellers |
21 |
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SECTION 3.02. No Conflict |
22 |
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SECTION 3.03. Governmental Consents and Approvals |
23 |
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SECTION 3.04. Ownership of Shares |
23 |
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SECTION 3.05. Litigation |
23 |
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SECTION 3.06. Brokers |
23 |
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ARTICLE IV | |
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REPRESENTATIONS AND WARRANTIES | |
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ABOUT THE COMPANY | |
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SECTION 4.01. Organization, Authority and Qualification of the Company |
23 |
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SECTION 4.02. Subsidiaries |
24 |
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SECTION 4.03. Capitalization |
25 |
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SECTION 4.04. Corporate Books and Records |
25 |
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SECTION 4.05. No Conflict |
26 |
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SECTION 4.06. Governmental Consents and Approvals |
26 |
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SECTION 4.07. Financial Information; Books and Records |
26 |
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SECTION 4.08. Absence of Undisclosed Liabilities |
27 |
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SECTION 4.09. Inventories |
28 |
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SECTION 4.10. Conduct in the Ordinary Course; Absence of Certain Changes, Events and Conditions |
28 |
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SECTION 4.11. Litigation |
31 |
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SECTION 4.12. Compliance with Laws |
31 |
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SECTION 4.13. Permits; Liquor Licenses |
32 |
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SECTION 4.14. Environmental and Other Permits and Licenses; Related Matters |
32 |
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SECTION 4.15. Material Contracts |
34 |
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SECTION 4.16. Franchise Matters |
36 |
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SECTION 4.17. Intellectual Property |
38 |
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SECTION 4.18. Real Property |
38 |
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SECTION 4.19. Assets |
41 |
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SECTION 4.20. Suppliers |
41 |
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SECTION 4.21. Employee Benefit Matters |
42 |
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SECTION 4.22. Labor Matters |
44 |
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SECTION 4.23. Key Employees |
44 |
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SECTION 4.24. Related Party Interests |
44 |
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SECTION 4.25. Taxes |
45 |
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SECTION 4.26. Insurance |
47 |
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SECTION 4.27. Risk Management Instruments |
48 |
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SECTION 4.28. Certain Capital Expenditures |
48 |
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SECTION 4.29. Brokers |
48 |
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ARTICLE V | |
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REPRESENTATIONS AND WARRANTIES | |
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OF THE PURCHASER | |
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SECTION 5.01. Organization and Authority of the Purchaser |
48 |
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SECTION 5.02. No Conflict |
49 |
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SECTION 5.03. Governmental Consents and Approvals |
49 |
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SECTION 5.04. Investment Purpose |
49 |
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SECTION 5.05. Financing |
49 |
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SECTION 5.06. Litigation |
49 |
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SECTION 5.07. Brokers |
49 |
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ARTICLE VI | |
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ADDITIONAL AGREEMENTS | |
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SECTION 6.01. Conduct of Business Prior to the Closing |
50 |
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SECTION 6.02. Access to Information |
52 |
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SECTION 6.03. Confidentiality |
53 |
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SECTION 6.04. Regulatory and Other Authorizations; Notices and Consents |
53 |
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SECTION 6.05. Notice of Developments |
54 |
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SECTION 6.06. Financing |
55 |
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SECTION 6.07. Use of Intellectual Property |
56 |
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SECTION 6.08. Non-Competition |
57 |
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SECTION 6.09. Credit Facilities and Other Financing Arrangements |
57 |
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SECTION 6.10. Certain Affiliate Arrangements |
58 |
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SECTION 6.11. Purchase of Hawk-Eye Interests |
59 |
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SECTION 6.12. OGB LLC |
60 |
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SECTION 6.13. Certain Related Party Indebtedness |
60 |
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SECTION 6.14. Termination of Split Dollar Arrangements |
60 |
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SECTION 6.15. Disclaimer Regarding Representations and Warranties |
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End of Preview |
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