ASSET PURCHASE AGREEMENTAsset Purchase Agreement |
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QUIXOTE CORP | SURFACE SYSTEMS, INC. | DATA TRANSMISSION NETWORK CORPORATION. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Asset Purchase Agreement by:
Exhibit 10(q)
EXECUTION COPY
ASSET PURCHASE AGREEMENT
between
DATA TRANSMISSION NETWORK CORPORATION
and
SURFACE SYSTEMS, INC.
Dated as of June 30, 2006
TABLE OF CONTENTS
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ARTICLE I |
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CONSTRUCTION |
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Section 1.01. |
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Construction and Interpretation |
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1 |
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ARTICLE II |
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TRANSFER OF ASSETS AND RIGHTS |
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Section 2.01. |
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Purchase and Sale of Assets |
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1 |
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Section 2.02. |
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Excluded Assets |
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3 |
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Section 2.03. |
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Assumed Forward Looking Obligations; Excluded Liabilities |
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4 |
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Section 2.04. |
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Purchase Price |
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4 |
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Section 2.05. |
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Closing |
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4 |
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Section 2.06. |
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Payment of Purchase Price |
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4 |
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Section 2.07. |
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Purchase Price Adjustment |
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5 |
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Section 2.08. |
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Allocation of Purchase Price |
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6 |
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ARTICLE III |
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REPRESENTATIONS AND WARRANTIES OF SELLER |
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Section 3.01. |
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Organization |
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6 |
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Section 3.02. |
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Authorization |
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6 |
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Section 3.03. |
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Noncontravention |
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7 |
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Section 3.04. |
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Litigation |
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7 |
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Section 3.05. |
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Assumed Agreements |
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7 |
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Section 3.06. |
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Customers |
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8 |
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Section 3.07. |
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Hardware and Other Equipment |
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9 |
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Section 3.08. |
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Software, Licenses and Data Bases |
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9 |
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Section 3.09. |
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Intellectual Property |
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10 |
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Section 3.10. |
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Supplies |
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11 |
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Section 3.11. |
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St. Louis Facility |
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11 |
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Section 3.12. |
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Compliance With Laws |
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11 |
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Section 3.13. |
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Tax Matters |
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11 |
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Section 3.14. |
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Financial Statements |
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11 |
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Section 3.15. |
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Absence of Specified Changes |
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12 |
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Section 3.16. |
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Title |
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13 |
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Section 3.17. |
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Licenses and Permits |
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13 |
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Section 3.18. |
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Consents and Approvals |
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14 |
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Section 3.19. |
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Broker or Finders’ Fees |
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14 |
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Section 3.20. |
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Employees; Compensation; Labor |
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14 |
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Section 3.21. |
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Employee Benefit Plans |
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15 |
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Section
3.22. |
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Insurance |
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15 |
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Section 3.23. |
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Fair Value |
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15 |
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Section 3.24. |
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Solvency |
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15 |
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Section 3.25. |
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Disclosure |
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16 |
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ARTICLE IV |
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REPRESENTATIONS AND WARRANTIES OF BUYER |
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Section 4.01. |
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Organization |
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17 |
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Section 4.02. |
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Authorization |
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17 |
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Section 4.03. |
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Noncontravention |
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17 |
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Section 4.04. |
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Litigation |
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17 |
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Section 4.05. |
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Broker or Finders’ Fees |
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17 |
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ARTICLE V |
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ADDITIONAL AGREEMENTS |
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Section 5.01. |
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Conduct of Business |
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17 |
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Section 5.02. |
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Employee Leasing Agreement |
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18 |
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Section 5.03. |
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Product Marketing Agreement |
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18 |
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Section 5.04. |
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Subcontract |
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18 |
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Section 5.05. |
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Public Announcements |
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18 |
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Section 5.06. |
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No Solicitation |
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Section 5.07. |
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Representations and Warranties |
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19 |
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Section 5.08. |
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Disclosure Schedules |
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19 |
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Section 5.09. |
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Due Diligence |
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20 |
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ARTICLE VI |
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POST-CLOSING COVENANTS |
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Section 6.01. |
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Further Action |
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Section 6.02. |
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Consents and Authorizations |
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Section 6.03. |
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Litigation Support |
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20 |
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Section 6.04. |
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Transition |
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21 |
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Section 6.05. |
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Confidentiality |
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20 |
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Section 6.06. |
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Noncompetition/Nonsolicitation Agreement |
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22 |
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Section 6.07. |
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Access to Records After the Closing |
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22 |
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Section 6.08. |
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RWIS Data Access |
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23 |
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ARTICLE VII |
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CONDITIONS TO CLOSING |
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Section 7.01. |
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Conditions to Obligation of Buyer |
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23 |
ii
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Section
7.02. |
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Conditions to Obligation of Seller |
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25 |
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ARTICLE VIII |
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SURVIVAL AND INDEMNIFICATION |
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Section 8.01. |
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Survival |
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Section 8.02. |
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Indemnification |
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27 |
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Section 8.03. |
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Time Limitation on Indemnification |
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28 |
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Section 8.04. |
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Third Party Claims, Etc |
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28 |
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Section 8.05. |
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Certain Other Indemnity Matters |
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28 |
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