ASSET PURCHASE AGREEMENT

Asset Purchase Agreement

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Title: ASSET PURCHASE AGREEMENT
Governing Law: Minnesota Date: 9/13/2006
Industry: HTHEQP

Asset Purchase Agreement

Exhibit 2.1

ASSET PURCHASE AGREEMENT

BY AND BETWEEN

KENSEY NASH CORPORATION,

A DELAWARE CORPORATION,

SOLELY FOR PURPOSES OF SECTION 7.17 HEREOF,

AND

THM ACQUISITION SUB, INC.,

A DELAWARE CORPORATION,

AND

THM BIOMEDICAL, INC., A MINNESOTA CORPORATION,

AND

THE STOCKHOLDERS OF THM BIOMEDICAL, INC.,

SOLELY FOR PURPOSES OF SECTIONS 6.4 AND 7.16 HEREOF

SEPTEMBER 1, 2000

TABLE OF CONTENTS


		Page
ARTICLE I PURCHASE AND SALE OF ASSETS		1
1.1	Assets	1
1.2	Assumption of Liabilities	4
1.3	Conveyance	4

ARTICLE II CONSIDERATION AND MANNER OF PAYMENT		5
2.1	Purchase Price
2.2	Other Agreements	5
2.3	Purchase Price Allocation	5

ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY		6
3.1	Authority	6
3.2	Organization and Qualification of the Company	6
3.3	Capital Stock; Title to Shares	6
3.4	Subsidiary	7
3.5	Transaction Not a Breach	7
3.6	No Consent Required	7
3.7	Financial Statements	7
3.8	Absence of Undisclosed Liabilities	8
3.9	Assets	8
3.10	Compliance with Laws; Permits	9
3.11	Real Property	9
3.12	Personal Property Leases	10
3.13	Contracts	10
3.14	Personal Property	11
3.15	Intellectual Property	11
3.16	Employee Benefit Plans	12
3.17	Employees	14
3.18	Labor and Employment Matters	14
3.19	Workers Compensation	15
3.20	Suppliers	15
3.21	Customers	16
3.22	Distributors and Representatives.	16
3.23	Affiliate Transactions	16
3.24	Insurance Policies	16
3.25	Bank Accounts	17
3.26	Taxes	17
3.27	Litigation	18
3.28	Product Warranties	19
3.29	Defects in Products or Designs; Product Safety	19
3.30	Environmental and Safety Requirements	19


3.31	Conduct of the Business	21
3.32	Absence of Questionable Payments	22
3.33	Government Contracts	22
3.34	Corporate Name; Business Location	22
3.35	Disclosure	23

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER		23
4.1	Organization and Good Standing	23
4.2	Authorization	23
4.3	No Violation	23
4.4	No Consent Required	23
4.5	Disclosure	24

ARTICLE V CLOSING		24
5.1	Closing	24
5.2	Deliveries by the Company	24
5.3	Deliveries by Buyer	25

ARTICLE VI COVENANTS AFTER CLOSING		25
6.1	The Company’s Access to Information	25
6.2	Intentionally Omitted	26
6.3	Liability for Taxes; Retention of Records	26
6.4	Indemnification	26
6.5	Restrictive Covenants	31
6.6	Name Change	33

ARTICLE VII MISCELLANEOUS		33
7.1	Notices, Consents, etc	33
7.2	Public Announcements	34
7.3	Severability	34
7.4	Amendment and Waiver	34
7.5	Counterparts	34
7.6	Expenses	35
7.7	Headings	35
7.8	Governing Law; Arbitration	35
7.9	Assignment	35
7.10	Definitions	35
7.11	Entire Agreement	38
7.12	Third Parties	38
7.13	Interpretative Matters	38
7.14	Brokers and Transaction Payments	38
7.15	Further Assurances	38
7.16	Stockholder Representative	39
7.17	Guaranty	40

GLOSSARY OF TERMS


		Section
“AAA”		7.8
“Affiliate”		7.10
“Affiliate Transactions”		3.23
“Alternate Stockholders’ Representative”		7.16
“Assets”		1.1
“Assumed Liabilities”		1.2
“Basket Amount”		6.4
“Beneficiaries”		7.17
“Bill of Sale”		1.3
“Business”		Preamble
“Buyer”		Introduction
“Buyer Indemnification Ceiling Amount”		6.4
“Buyer Indemnified Party”		6.4
“Buyer Transaction Documents”		7.10
“Ceiling Amount”		6.4
“Change of Control”		7.10
“Claim Notice”		6.4
“Closing”		5.1
“Closing Date”		5.1
“Closing Date Balance Sheet”		3.7
“Closing Date Balance Sheet Date”		3.7
“COBRA”		3.16
“Code”		7.10
“Company”		Introduction
“Company Indemnified Party”		6.4
“Company Transaction Documents”		7.10
“Confidential Information”		6.5
“Defense Counsel”		6.4
“Defense Notice”		6.4
“Direct Claim”		6.4
“Employment Agreement”		2.2
“Employee Benefit Plans”		3.16
“Environmental and Safety Requirements”		3.30
“ERISA”		7.10
“Excluded Assets”		1.1
“Excluded Liabilities”		1.2
“Financial Statements”		3.7
“GAAP”		7.10
“Guaranty”		7.17
“Hazardous Materials”		3.30
“Indemnified Party”		6.4

iii


		Section
“Indemnifying Party”		6.4
“Initial Cash Payment”		2.1
“IP Ceiling Amount”		6.4
“Knowledge”		7.10
“KNSY”		Introduction
“Leased Improvements”		3.11
“Leased Real Property”		3.11
“Liens”		1.1
“Losses”		6.4
“Material Adverse Effect”		7.10
“Material Contracts”		3.13
“Non-Competition Agreements”		2.2
“Notes”		2.1
“Obligations”		7.17
“Permits”		1.1
“Permitted Liens”		7.10
“Person”		7.10
“Plan Affiliate”		3.19
“Products”		3.28
“Proprietary Rights”		1.1
“Purchase Price”		2.1
“Quarterly Payments”		2.1
“Restricted Period”		6.5
“Rules”		3.5
“Stockholders”		Introduction
“Stockholders’ Representative”		7.16
“Tax”		7.10