Asset Purchase Agreement资产购买合同-7

-9-AssetPurchaseAgreement资产购买合同核心提示：DATEDASOF_________,_________,_________BYANDAMONGAAA,INCA_________(Placename)CORPORATION,BBB,INCA_________(Placename)CORPORATIONANDCCC,INCA_________(Placename)CORPORATIONTABLEOFCONTENTSSECTION1.SALEOFASSETSSECTION2.CODATEDASOF_________,_________,_________BYANDAMONGAAA,INCA_________(Placename)CORPORATION,BBB,INCA_________(Placename)CORPORATIONANDCCC,INCA_________(Placename)CORPORATIONTABLEOFCONTENTSSECTION1.SALEOFASSETSSECTION2.CONSIDERATIONFORTRANSFEROFTHEASSETS2.1PurchasePrice2.2Earn-OutPayments2.3Audit2.4Conversion2.5LicenseBack2.6DistributionSECTION3.THECLOSING3.1TheClosing3.2DocumentstobeDeliveredatClosing3.3UseofAssetsSECTION4.REPRESENTATIONSANDWARRANTIESOFSELLERS4.1Organization;Power;GoodStanding4.2Authority,ApprovalandEnforceability4.3NoConflict4.4NoConsentRequired4.5TitletoAssetsSECTION5.REPRESENTATIONSANDWARRANTIESOFBUYER5.1Organization;Power;GoodStanding5.2Authority,ApprovalandEnforceability5.3NoConflict5.4NoConsentRequiredSECTION6.ADDITIONALAGREEMENTS6.1Confidentiality6.2PaymentofExpenses6.3Sales,TransferandUseTaxes6.4InformationRelatingtoTaxes6.5Employees6.6Buyer’sAdvisors6.7FurtherAssurancesSECTION7.MISCELLANEOUS7.1EntireAgreement7.2AmendmentandWaiver7.3DelaysorOmissions7.4Assignment:BindingUponSuccessorsandAssigns7.5Notices7.6SurvivalofRepresentationsandWarranties7.7IncorporationofSchedulesandExhibits7.8Expenses7.9Captions7.10Severability7.11GoverningLaw7.12Counterparts7.13Attorneys’FeesASSETPURCHASEAGREEMENTTHISASSETPURCHASEAGREEMENT(theAgreement)isenteredintoasof_________,_________,_________(M,D,Y),byandamongAAA,INC.,a_________(Placename)corporationandBBB,INC.,a_________(Placename)corporation(collectively,theSellers)andCCC,INC.,a_________(Placename)corporation(theBuyer).RECITALSWHEREAS,Sellershavebeenengagedinthebusinessofdevelopingandmarketingautomationproductsforuseinsemiconductormanufacturingandhasannounceditsintentiontowithdrawfromsuchbusiness(theBusiness);WHEREAS,SellershaveinthecourseofoperatingtheBusinessdevelopedpreliminaryproductdesignsandprototypesforproductsrelatedtotheautomationofsemiconductormanufacturingthathavenotbeenmarketedandSellersowncertainequipmentusefulinthisproductdevelopmentthatitwillnotneedtomeetitsremainingcustomerobligationsassociatedwiththeBusiness;andWHEREAS,BuyerdesirestopurchasefromSellersandSellersdesiretoselltoBuyer,suchsoftware,designs,prototypesandequipment,togetherwithSellers’intellectualpropertyrightspertainingtheretoallasdescribedinExhibitAhereto(collectively,theAssets)onthetermsandsubjecttotheconditionshereinaftersetforth.AGREEMENTNOW,THEREFORE,inconsiderationoftheforegoingrecitalsandthemutualpromises,representations,warranties,covenantsandagreementshereinaftersetforth,andintendingtobelegallybound,thepartiesheretoherebyagreeasfollows:[*]=CERTAININFORMATIONINTHISEXHIBITHASBEENOMITTEDANDFILEDSEPARATELYWITHTHECOMMISSION.CONFIDENTIALTREATMENTHASBEENREQUESTEDWITHRESPECTTOTHEOMITTEDPORTIONS.SECTION1.SALEOFASSETS.UponthetermsandsubjecttotheconditionssetforthinthisAgreement,ontheClosingDate(asdefinedbelow),Sellersshallsell,convey,assign,grant,transferanddelivertoBuyer,andBuyershallpurchase,acquireandreceivefromSellerstheAssets,freeandclearofallliens,mortgages,pledges,securityinterests,restrictions,priorassignments,encumbrancesandclaimsofeverykind,natureorcharacter(Liens).ThepartiesacknowledgethatSellers’rightsundertheSoftwareLicenseAgreement(theLicenseAgreement)amongBBB,Inc.,DDDCo.,Ltd.(DDD)andEEECo.,Ltd.(relatingtotheMCSsoftware)areintendedtobeincludedintheAssetsbutthattheLicenseAgreementmayonlybeassignedbySellerstoBuyerwiththeconsentofDDD.Sellerswillusecommerciallyreasonableeffortstoobtainsuchconsent.Notwithstandinganysuchassignment,SellersshallremainresponsibletopayDDDtheinstallmentpaymentssetforthinSection5.1oftheLicenseAgreementandBuyershallbeliableforroyaltiespayableunderSection5.2oftheLicenseAgreementforsoftwaresoldbyBuyer.SellersshallhavenofurtherliabilitytoBuyerpursuanttotheLicenseAgreement.AnyintellectualpropertyrelatingtotheField(asdefinedbelow)whichisdevelopedbySellers’employeeswhoseprincipalworkrelatedtotheFieldincludingMihirParikhandAnthonyBonoraonorbefore_________,_________,_________(M,D,Y),shallbedeemedtobeincludedwithintheAssetsandtobethepropertyofBuyer.SECTION2.CONSIDERATIONFORTRANSFEROFTHEASSETS2.1PURCHASEPRICE.SubjecttothetermsandconditionsoftheseAgreement,inconsiderationofthetransferoftheAssets,BuyershallpaytoSellerstheEarn-OutPayments(asdefinedbelow)uptoanaggregateof$,_________.NotwithstandinganythingelseinthisAgreementtothecontrary,exceptasspecificallysetforthinSection1,Buyershallnotassume,pay,perform,ordischarge,andSellersshallsolelyretain,pay,performanddischarge,allobligationsandliabilitiesofSellersrelatingtotheBusiness,whetherdisclosed,undisclosed,direct,indirect,fixedorcontingent,knownorunknown,incurredintheordinarycourseofbusinessorotherwise.2.2Earn-OutPayments.SubjecttothetermsandconditionsofthisAgreement,inconsiderationofthetransferoftheAssets,BuyershallpaytoSellersEarn-OutPaymentsequalto4.0%oftheGrossRevenueofBuyer.TheGrossRevenueofBuyermeanstheBuyer’sactualrevenuefromallsourcesrelatingtotransportsystemsandtransfer(conveyortotoolloadportand/orstocker)systemsinconnectionwithmanufacturingautomation(theField)lessfreight,salestaxandinsurance,andshallbedeterminedusingGenerallyAcceptedAccountingPrinciples.TheEarn-OutPaymentsshallbepaidquarterlywithinforty-five(45)daysfollowingtheendofeachquarter(thePaymentDate).OneachPaymentDate,BuyershalldelivertoSellersastatementsettingforthinreasonabledetailtheGrossRevenueofBuyerandtheEarn-OutPayments.2.3AUDIT.Forsix(6)monthsfo