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Axsys Technologies, Inc.

 

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Title:

Axsys Technologies, Inc.

Entities:

Axsys Technologies Inc.

Date:

2007

Size:

151KB total

Price:

$49

ID:

#2979861

 

 

► Purchase & Sale ► Purchase ► Asset Purchase Agreements
► Miscellany ► Optical Instruments & Lenses

 

 

Start of Preview


 

ASSET PURCHASE AGREEMENT

by and among

AXSYS TECHNOLOGIES IR SYSTEMS, INC.,

AXSYS TECHNOLOGIES, INC.,

CINEFLEX, LLC,

HELINET AVIATION SERVICES, LLC,

JOHN COYLE

and

ALAN D. PURWIN

 

Dated as of April 13, 2007




TABLE OF CONTENTS

 

 

 

Page

 

 

 

 

 

ARTICLE 1:

 

DEFINITIONS

 

1

 

 

 

 

 

ARTICLE 2:

 

PURCHASE AND SALE OF ASSETS; ASSUMPTION OF LIABILITIES

 

10

 

 

 

 

 

 

2.1

Purchase and Sale of Assets

 

10

 

 

 

 

 

 

2.2

Excluded Assets

 

11

 

 

 

 

 

 

2.3

Assumption of Liabilities

 

12

 

 

 

 

 

 

2.4

Excluded Liabilities

 

12

 

 

 

 

 

 

2.5

Purchase Price

 

12

 

 

 

 

 

 

2.6

Earnout

 

12

 

 

 

 

 

 

2.7

Post-Earnout Bookings

 

16

 

 

 

 

 

 

2.8

  Default

 

17

 

 

 

 

 

 

2.9

Working Capital Adjustment

 

17

 

 

 

 

 

 

2.10

Allocation of Consideration

 

18

 

 

 

 

 

ARTICLE 3:

 

DELIVERIES AND OTHER ACTIONS

 

19

 

 

 

 

 

 

3.1

Closing

 

19

 

 

 

 

 

 

3.2

Deliveries by Seller Group

 

19

 

 

 

 

 

 

3.3

Deliveries by Buyer

 

20

 

 

 

 

 

ARTICLE 4:

 

REPRESENTATIONS AND WARRANTIES OF SELLER GROUP

 

20

 

 

 

 

 

 

4.1

Organization; Standing; Corporate Power

 

20

 

 

 

 

 

 

4.2

Capacity; Authority; Enforceability

 

21

 

 

 

 

 

 

4.3

Conflicts; Consents

 

21

 

 

 

 

 

 

4.4

Compliance with Applicable Laws; Litigation

 

21

 

 

 

 

 

 

4.5

Employee Benefit Plans

 

22

 

 

 

 

 

 

4.6

Taxes

 

23

 

 

 

 

 

 

4.7

Environmental Matters

 

23

 

 

 

 

 

 

4.8

Property

 

24

 

 

 

 

 

 

4.9

Intellectual Property

 

25

 

 

 

 

 

 

4.10

Labor Agreements and Employee Issues

 

26

 

 

 

 

 

 

4.11

Contracts

 

26

 

 

 

 

 

 

4.12

Insurance

 

26

 

i




 

 

 

 

Page

 

 

 

 

 

 

4.13

Conduct of Business

 

27

 

 

 

 

 

 

4.14

Permits

 

28

 

 

 

 

 

 

4.15

Financial Statements

 

28

 

 

 

 

 

 

4.16

Undisclosed Liabilities; Indebtedness

 

29

 

 

 

 

 

 

4.17

Inventories

 

29

 

 

 

 

 

 

4.18

Product Liability and Warranty

 

29

 

 

 

 

 

 

4.19

Customers and Suppliers

 

30

 

 

 

 

 

 

4.20

Related Party Transactions

 

30

 

 

 

 

 

 

4.21

Brokers

 

30

 

 

 

 

 

 

4.22

Government Contracts

 

31

 

 

 

 

 

ARTICLE 5:

 

REPRESENTATIONS AND WARRANTIES OF BUYER

 

31

 

 

 

 

 

 

5.1

Organization and Power

 

31

 

 

 

 

 

 

5.2

Authority; Enforceability