ASSET PURCHASE AGREEMENT BETWEEN FINDEX.COM, INC. AND ORG PROFESSIONAL, LLC

Asset Purchase Agreement

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FINDEX COM INC | Findexcom, Inc | ORG Professional, LLC

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Title: ASSET PURCHASE AGREEMENT BETWEEN FINDEX.COM, INC. AND ORG PROFESSIONAL, LLC
Governing Law: Nebraska Date: 2/28/2008

Exhibit 10.29

ASSET PURCHASE AGREEMENT

AMONG

FINDEX.COM, INC.,

ORG PROFESSIONAL, LLC,

ROBERT BORSARI,

AND

JOSEPH KOLINGER

________

FEBRUARY 25, 2008

TABLE OF CONTENTS

		Page
1.	DEFINITIONS…………………………………………………………………………………...........................................................................................................................................................................	1

2.	BASIC TRANSACTION……………………………………………………………………….........................................................................................................................................................................	4
	(a) Purchase and Sale of Assets…………………………………..........................................................................................................................................................................................................	4
	(b) Acquired Assets………………………………………………………………………......................................................................................................................................................................	4
	(c) Liabilities………………………………………………………………………………........................................................................................................................................................................	5
	(d) Assigned Contracts…………………………………………………………………….....................................................................................................................................................................	5
	(e) Purchase Price………………………………………………………………………….......................................................................................................................................................................	6
	(f) The Closing……………………………………………………………………………........................................................................................................................................................................	6
	(g) Deliveries at the Closing……………………………………………………………….....................................................................................................................................................................	6

3.	REPRESENTATIONS AND WARRANTIES OF THE SELLER……………………………........................................................................................................................................................................	7
	(a) Organization of Seller………………………………………………………………….......................................................................................................................................................................	7
	(b) Authorization of Transaction………………………………………………………….....................................................................................................................................................................	7
	(c) Noncontravention……………………………………………………………………........................................................................................................................................................................	7
	(d) Brokers’ Fees………………………………………………………………………….......................................................................................................................................................................	8
	(e) Title to Acquired Assets……………………………………………………………….....................................................................................................................................................................	8
	(f) Software………………………………………………………………………………..........................................................................................................................................................................	8
	(g) Online Properties……………………………………………………………………….....................................................................................................................................................................	8
	(h) Inventories……………………………………………………………………………........................................................................................................................................................................	8
	(i) Proprietary Rights…………………………………………………………………….........................................................................................................................................................................	8
	(j) Non-Infringement……………………………………………………………………..........................................................................................................................................................................	9
	(k) Legal Compliance…………………………………………………………………….........................................................................................................................................................................	9
	(l) Contracts………………………………………………………………………………........................................................................................................................................................................	9
	(m) Litigation………………………………………………………………………………......................................................................................................................................................................	9
	(n) Product Warranty………………………………………………………………………....................................................................................................................................................................	9
	(o) Product Liability……………………………………………………………………….......................................................................................................................................................................	10
	(p) Customer Base…………………………………………………………………………......................................................................................................................................................................	10
	(q) Accounts Receivable…………………………………………………………………......................................................................................................................................................................	10
	(r) Investment in Purchaser Common Stock………………………………………………..................................................................................................................................................................	10
	(s) Disclosure…………………………………………………………………………….........................................................................................................................................................................	11

4.	REPRESENTATIONS AND WARRANTIES OF THE SELLER PRINCIPALS…………….......................................................................................................................................................................	11

5.	REPRESENTATIONS AND WARRANTIES OF THE PURCHASER………………………......................................................................................................................................................................	11
	(a) Organization of Purchaser……………………………………………………………......................................................................................................................................................................	11
	(b) Authorization of Transaction…………………………………………………………....................................................................................................................................................................	11
	(c) Noncontravention…………………………………………………………………….......................................................................................................................................................................	11
	(d) Purchaser Common Stock……………………………………………………………......................................................................................................................................................................	11
	(e) Brokers’ Fees…………………………………………………………………………........................................................................................................................................................................	12

6.	POST-CLOSING COVENANTS……………………………………………………………….........................................................................................................................................................................	12
	(a) Restrictive Covenants………………………………………………………………….....................................................................................................................................................................	12
	(b) Sale, Transfer, Assignment of Purchaser Common Stock…………………………….................................................................................................................................................................	12
	(c) Purchase Price Allocation Schedule………………………………………………….....................................................................................................................................................................	12
	(d) Further Assurances……………………………………………………………………....................................................................................................................................................................	12

7.	OTHER AGREEMENTS………………………………………………………………………..........................................................................................................................................................................	13

	(a) Independent Sales Agreement…………………………………………………………...................................................................................................................................................................	13

8.	INDEMNIFICATION…………………………………………………………………………...........................................................................................................................................................................	13
	(a) Indemnification by Seller……………………………………………………………….....................................................................................................................................................................	13
	(b) Indemnification by Seller Principals…………………………………………………......................................................................................................................................................................	13
	(c) Indemnification by Purchaser…………………………………………………………....................................................................................................................................................................	13
	(d) Notice of Claim……………………………………………………………………….........................................................................................................................................................................	14
	(e) Defense………………………………………………………………………………..........................................................................................................................................................................	14
	(f) Time for Claims………………………………………………………………………..........................................................................................................................................................................	14
	(g) Reduction by Insurance Proceeds……………………………………………………....................................................................................................................................................................	14
	(h) Offset Against Purchase Money Note……………………………………………….....................................................................................................................................................................	14

9.	MISCELLANEOUS……………………………………………………………………………..........................................................................................................................................................................	15
	(a) Press Releases and Public Announcements……………………………………………................................................................................................................................................................	15
	(b) No Third-Party Beneficiaries…………………………………………………………......................................................................................................................................................................	15
	(c) Entire Agreement………………………………………………………………………......................................................................................................................................................................	15
	(d) Succession and Assignment……………………………………………………………..................................................................................................................................................................	15
	(e) Counterparts…………………………………………………………………………….....................................................................................................................................................................	15
	(f) Headings………………………………………………………………………………........................................................................................................................................................................	15
	(g) Notices………………………………………………………………………………….......................................................................................................................................................................	15
	(h) Governing Law……………………………………………………………………….........................................................................................................................................................................	16
	(i) Amendments and Waivers……………………………………………………………......................................................................................................................................................................	16
	(j) Severability…………………………………………………………………………….........................................................................................................................................................................	16
	(k) Expenses………………………………………………………………………………........................................................................................................................................................................	16
	(l) Construction……………………………………………………………………………......................................................................................................................................................................	16
	(m) Incorporation of Exhibits and Schedules………………………………………………................................................................................................................................................................	17
	(n) Arbitration……………………………………………………………………………........................................................................................................................................................................	17

Exhibit A – Form of Assignment of Intellectual Property

Exhibit B – Form of General Assignment, Bill of Sale and Assumption of Liabilities Agreement

Exhibit C – Form of Purchase Money Note

Exhibit D – Form of Independent Sales Agreement

Exhibit E – Product Warranties

Schedule 2(b)(i) – Description of Software

Schedule 2(b)(viii) – Assigned Contracts

Purchase Price Allocation Schedule

Disclosure Schedule

ASSET PURCHASE AGREEMENT

This Asset Purchase Agreement (together with all Schedules and Exhibits hereto, this “ Agreement ”), dated as of the 25 th day of February, 2008, by and among Findex.com, Inc., a Nevada corporation (the “ Purchaser ”), ORG Professional, LLC, a California limited liability company (the “ Seller ”), Robert Borsari, an individual and one of the two principals of Seller (“ Borsari ”), and Joseph Kolinger, an individual and the other of the two principals of Seller (“ Kolinger ”)(Borsari and Kolinger are referred to jointly hereinafter as the “ Seller Principals ”, Purchaser and Seller are referred to hereinafter individually as a “ Primary Party ” or jointly as the “ Primary Parties ”, and Purchaser, Seller, Borsari and Kolinger are referred to hereinafter individually as a “ Party ” or collectively as the “ Parties ”)

WHEREAS, Seller desires to sell certain of its assets, including certain computer software and know-how related thereto, in accordance with the terms and conditions of this Agreement;

WHEREAS, Purchaser desires to purchase such assets in accordance with the terms and provisions hereof; and

WHEREAS, Seller Principals desire to be named as the designees of certain consideration to which Seller is otherwise entitled in connection with the contemplated asset sale;

NOW, THEREFORE, for and in consideration of the premises and the mutual covenants, promises and agreements hereinafter set forth, and for other good and valuable consideration set forth hereinbelow, the Parties hereto hereby agree as follows:

Definitions . As used throughout this Agreement, the following terms shall have the correspondingly ascribed meanings:

“ Accounts Receivable ” has the meaning set forth in Section 2(b)(vii) of this Agreement.

“ Acquired Assets ” has the meaning set forth in Section 2(b) of this Agreement.

“ Agreement ” has the meaning set forth in the preamble of this Agreement.

“ Assigned Contracts ” has the meaning set forth in Section 2(b)(viii) of this Agreement.

“ Assumed Liabilities ” has the meaning set forth in Section 2(c)(i) of this Agreement.

“ Basis ” means any past or present fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction that forms or should form the basis for any specified consequence.

“ Borsari ” has the meaning set forth in the preamble of this Agreement.

“ Borsari Certificate ” has the meaning set forth in Section 2(e)(iii) of this Agreement.

“ Business Line ” means the business of Seller related to developing and licensing business and administrative forms software titles under the name FormTool, including FormTool Professional, FormTool Deluxe, FormTool Standard, FormTool Filler and FormTool Reader.

“ Cash Consideration ” has the meaning set forth in Section 2(e)(i) of this Agreement.

“ Closing ” has the meaning set forth in Section 2(f) of this Agreement.

“ Closing Date ” has the meaning set forth in Section 2(f) of this Agreement.

“ Code ” means the Internal Revenue Code of 1986, as amended.

“ Disclosure Schedule ” has the meaning set forth in Section 3 of this Agreement.

“ Distribution Agreement ” has the meaning set forth in Section 2(d)(i) of this Agreement.

“ Governmental Authority ” means any federal, state, local, municipal, foreign, or other government, or any governmental or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal).

“ Indemnified Party ” has the meaning set forth in Section 8(c) of this Agreement.

“ Indemnity Obligor ” has the meaning set forth in Section 8(c) of this Agreement.

“ Independent Sales Agreement ” has the meaning set forth in Section 7(a) of this Agreement.

“ Inventories ” has the meaning set forth in Section 2(b)(iii) of this Agreement.

“ Knowledge ” means actual knowledge after reasonable investigation.

“ Kolinger ” has the meaning set forth in the preamble of this Agreement.

“ Kolinger Certificate ” has the meaning set forth in Section 2(e)(iii) of this Agreement.

“ Liability/Liabilities ” means any direct or indirect, primary or secondary, liability, indebtedness, obligation, penalty, cost or expense (including costs of investigation, collection and defense), claim, deficiency, guaranty or endorsement of or by any Person of any type, whether known or unknown, accrued or unaccrued, absolute or contingent, liquidated or unliquidated, matured or unmatured, or otherwise, and whether due or to become due.

“ Lien ” means any lien, mortgage, pledge, security interest, option, right of first refusal, charge, claim or encumbrance or other restrictions of any kind or nature, except for (a) liens for Taxes not yet due and payable and (b) liens for assessments and other governmental charges or of landlords, carriers, warehouseman, mechanics and material men incurred in the Ordinary Course of Business, in each case for sums not yet due and payable or due but not delinquent.

“ Loss/Losses ” has the meaning set forth in Section 8(a) of this Agreement.

“ Material Adverse Effect ” means, with respect to any Person, any state of facts, development, event, circumstance, condition, occurrence or effect that, individually or taken collectively with all other preceding facts, developments, events, circumstances, conditions, occurrences or effects (a) is materially adverse to the condition (financial or otherwise), business, operations or results of such Person, or (b) impairs the ability of such Person to perform its obligations under this Agreement.

“Non-Compete Period” has the meaning set forth in Section 6(a)(ii) of this Agreement.

“ Online Properties ” has the meaning set forth in Section 2(b)(ii) of this Agreement.

“ Ordinary Course of Business ” means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency).

“ Party ” has the meaning set forth in the preamble of this Agreement.

“ Person ” means a natural person or any legal, commercial or Governmental Authority, including any corporation, general partnership, joint venture, limited partnership, limited liability company, trust, business association, group acting in concert, or any person acting in a representative capacity.

“ Primary P arty ” has the meaning set forth in the preamble of this Agreement.

“ Proprietary Rights ”

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