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Asset Purchase Agreement

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Title:

Asset Purchase Agreement

Entities:

Inter TEL

Date:

2007

Size:

Preview shows 32KB of 212KB total

Price:

$74

ID:

#2803528

► Purchase & Sale ► Purchase ► Asset Purchase Agreements

Start of Preview

ASSET PURCHASE AGREEMENT

between

CELSION CORPORATION

and

BOSTON SCIENTIFIC CORPORATION

Dated as of

April 17, 2007

TABLE OF CONTENTS


		Page
ARTICLE I DEFINITIONS

SECTION 1.01 Certain Defined Terms		1

SECTION 1.02 Definitions		9

SECTION 1.03 Interpretation and Rules of Construction		9

ARTICLE II PURCHASE AND SALE

SECTION 2.01 Purchase and Sale of BPH Assets		10

SECTION 2.02 Assumption and Exclusion of Liabilities		12

SECTION 2.03 Purchase Price; Allocation of Purchase Price		14

SECTION 2.04 Closing		14

SECTION 2.05 Closing Deliveries by the Seller		14

SECTION 2.06 Closing Deliveries by the Purchaser		15

SECTION 2.07 Second Payment		15

SECTION 2.08 Third Payment		15

SECTION 2.09 Release of Excess Deductions		15

ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE SELLER

SECTION 3.01 Organization, Authority and Qualification of the Seller		16

SECTION 3.02 No Conflict		17

SECTION 3.03 Governmental Consents and Approvals		18

SECTION 3.04 Financial Information; Books and Records		18

SECTION 3.05 Absence of Undisclosed Liabilities		18

SECTION 3.06 Inventories		18

SECTION 3.07 Absence of Certain Changes, Events and Conditions		19

SECTION 3.08 Litigation		20


SECTION 3.09 Compliance with Laws		21

SECTION 3.10 Product Approvals		21

SECTION 3.11 Environmental Permits and Related Matters		22

SECTION 3.12 BPH Material Contracts		22

SECTION 3.13 Intellectual Property		24

SECTION 3.14 Real Property		25

SECTION 3.15 Tangible Personal Property		26

SECTION 3.16 BPH Assets		26

SECTION 3.17 Customers		26

SECTION 3.18 Suppliers		27

SECTION 3.19 Taxes		27

SECTION 3.20 Insurance		27

SECTION 3.21 Full Disclosure		27

SECTION 3.22 Brokers		28

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

SECTION 4.01 Organization and Authority of the Purchaser		28

SECTION 4.02 No Conflict		28

SECTION 4.03 Governmental Consents and Approvals		29

SECTION 4.04 Litigation		29

SECTION 4.05 Brokers		29

ARTICLE V ADDITIONAL AGREEMENTS

SECTION 5.01 Conduct of BPH Business Prior to the Closing		29

SECTION 5.02 Access to Information		30

SECTION 5.03 Confidentiality		31

SECTION 5.04 Regulatory and Other Authorizations; Notices and Consents		31


SECTION 5.05 Notice of Developments		32

SECTION 5.06 Non-Competition		32

SECTION 5.07 Excluded Liabilities		33

SECTION 5.08 Bulk Transfer Laws		33

SECTION 5.09 Transition Services		33

SECTION 5.10 Public Announcements		34

SECTION 5.11 License		34

SECTION 5.12 Stockholder Meeting; Proxy Materials		34

ARTICLE VI CONDITIONS TO CLOSING

SECTION 6.01 Mutual Conditions to the Closing		35

SECTION 6.02 Conditions to Obligations of the Seller		35

SECTION 6.03 Conditions to Obligations of the Purchaser		36

ARTICLE VII INDEMNIFICATION

SECTION 7.01 Survival of Representations and Warranties		37

SECTION 7.02 Indemnification by the Seller		37

SECTION 7.03 Indemnification by the Purchaser		38

SECTION 7.04 Enforcing Claims Under Indemnity		38

SECTION 7.05 Limits on Indemnification		40

SECTION 7.06 Treatment of Indemnity Payments		40

SECTION 7.07 Set-off Rights		40

ARTICLE VIII TERMINATION

SECTION 8.01 Termination		40

SECTION 8.02 Effect of Termination		41

ARTICLE IX MISCELLANEOUS

SECTION 9.01 Expenses; Transfer Taxes		42

iii


SECTION 9.02 Notices		42

SECTION 9.03 Headings

End of Preview

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Table of Contents

Table of Contents