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Title: |
Acquisition Agreement |
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Entities: |
Banc of America Securities LLC; Helen of Troy Ltd.; JPMorgan Chase Bank; Skadden, Arps, Slate, Meagher & Flom LLP |
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Date: |
2004 |
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Size: |
Preview shows 9KB of 182KB total |
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Price: |
$76 |
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ID: |
#393609 |
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ACQUISITION AGREEMENT
by and among
WORLD KITCHEN (GHC), LLC
WKI HOLDING COMPANY, INC.,
WORLD KITCHEN, INC.
HELEN OF TROY LIMITED (Barbados)
and
HELEN OF TROY LIMITED (Bermuda)
April 29, 2004
{PAGE}
TABLE OF CONTENTS
(not part of Agreement)
{Table}
{Caption}
Page
----
{S} {C}
ARTICLE I PURCHASE AND SALE
Section 1.1 Purchase and Sale .............................................. 6
Section 1.2 Excluded Assets ................................................ 9
Section 1.3 Assumed Liabilities ............................................ 10
Section 1.4 Prorations ..................................................... 11
Section 1.5 Purchase Price ................................................. 11
Section 1.6 Closing ........................................................ 12
Section 1.7 Allocation of Purchase Price ................................... 13
Section 1.8 Assignment of Contracts and Rights ............................. 14
ARTICLE II REPRESENTATIONS AND WARRANTIES OF SELLER
Section 2.1 Organization ................................................... 15
Section 2.2 Authorization; Validity of Agreement ........................... 15
Section 2.3 Consents and Approvals; No Violations .......................... 16
Section 2.4 Income Statement ............................................... 17
Section 2.5 No Undisclosed Liabilities ..................................... 18
Section 2.6 Absence of Certain Changes ..................................... 18
Section 2.7 Litigation ..................................................... 18
Section 2.8 No Default; Compliance with Applicable Laws; Permits ........... 19
Section 2.9 Taxes .......................................................... 19
Section 2.10 ERISA ......................................................... 20
Section 2.11 Intellectual Property ......................................... 22
Section 2.12 Contracts ..................................................... 23
Section 2.13 Title to Assets ............................................... 23
Section 2.14 Legal Compliance .............................................. 24
Section 2.15 Real Property ................................................. 24
Section 2.16 Affiliate Transactions ........................................ 25
{/Table}
2
{PAGE}
{Table}
{Caption}
Page
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{S} {C}
Section 2.17 Inventory ..................................................... 25
Section 2.18 Sufficiency of Assets ......................................... 25
Section 2.19 Brokers or Finders ............................................ 25
Section 2.20 No Other Representations or Warranties ........................ 25
ARTICLE III REPRESENTATIONS AND WARRANTIES OF PURCHASER
Section 3.1 Organization ................................................... 26
Section 3.2 Authorization; Validity of Agreement ........................... 26
Section 3.3 Consents and Approvals; No Violations .......................... 27
Section 3.4 Sufficient Funds; Solvency ..................................... 27
Section 3.5 Brokers or Finders ............................................. 28
Section 3.6 Investigation by Purchaser ..................................... 28
ARTICLE IV COVENANTS
Section 4.1 Interim Operations ............................................. 29
Section 4.2 Access to Information; Books and Records ....................... 31
Section 4.3 Publicity ...................................................... 32
Section 4.4 Approvals and Consents; Cooperation; Notification .............. 33
Section 4.5 Further Assurances ............................................. 34
Section 4.6 Supplements to the Disclosure Schedule ......................... 34
Section 4.7 Insurance Coverage ............................................. 34
Section 4.8 Seller's Names ................................................. 34
Section 4.9 [Intentionally Omitted] ........................................ 35
Section 4.10 Employees ..................................................... 35
Section 4.11 Release of Liens .............................................. 37
Section 4.12 Financing ..................................................... 37
Section 4.13 Non-Competition; No Solicitation .............................. 38
Section 4.14 Financial Statements .......................................... 40
ARTICLE V CONDITIONS
Section 5.1 Conditions to Each Party's Obligation to Effect the Closing .... 41
{/Table}
3
{PAGE}
{Table}
{Caption}
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{S} {C}
Section 5.2 Conditions to the Obligations of Purchaser ..................... 42
Section 5.3 Conditions to the Obligations of Seller ........................ 43
ARTICLE VI INDEMNIFICATION
Section 6.1 Indemnification ................................................ 44
Section 6.2 Adjustment to Purchase Price ................................... 47
Section 6.3 Exclusive Remedies ............................................. 47
ARTICLE VII TERMINATION
Section 7.1 Termination .................................................... 48
Section 7.2 Procedure and Effect of Termination ............................ 49
ARTICLE VIII MISCELLANEOUS
Section 8.1 Amendment and Modification ..................................... 50
Section 8.2 Transfer Taxes ................................................. 50
Section 8.3 Notices ........................................................ 50
Section 8.4 Interpretation ................................................. 51
Section 8.5 Counterparts ................................................... 52
Section 8.6 Entire Agreement; Third Party Beneficiaries .................... 52
Section 8.7 Severability ................................................... 53
Section 8.8 Governing Law .................................................. 53
Section 8.9 Jurisdiction ................................................... 53
Section 8.10 Assignment .................................................... 54
Section 8.11 Expenses ...................................................... 54
Section 8.12 Headings ...................................................... 54
Section 8.13 Waivers ....................................................... 54
Section 8.14 Schedules ..................................................... 54
Section 8.15 Representations and Warranties Joint and Several .............. 55
Section 8.16 Guarantee ..................................................... 55
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