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Subscribers | 2006 |
Asset Purchase Agreement
Asset Purchase Agreement (163K)
Doc #2282771: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
AGREEMENT, dated this 31ST day of July, 2006, by and between CONAGRA FOODS PACKAGED FOODS COMPANY, INC., a Delaware corporation (?Seller?), and SMITHFIELD FOODS, INC., a Virginia corporation (?Buyer?).
RECITALS:
(a)
Seller is engaged in the production, distribution and sale of certain refrigerated meat products (the ?Products?) under the brands listed on Exhibit ?A? (the ?Brands?) from (i) the Dedicated Locations (as defined in Section 1.1 below), which locations are used exclusively in such operations, and (ii) the Shared . . .
2282771
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Smithfield Foods
As referenced in this Asset Purchase Agreement:
SMITHFIELD FOODS, INC. – PURCHASE AGREEMENT
Exhibit 2.1
ASSET PURCHASE AGREEMENT
AGREEMENT, dated this 31ST day of July, 2006, by and between CONAGRA FOODS PACKAGED FOODS COMPANY, INC., a Delaware corporation (Seller), and SMITHFIELD FOODS, INC. , a Virginia corporation (Buyer).
RECITALS:
(a)
Seller is engaged in the production, distribution and sale of certain refrigerated meat products (the Products) under the brands listed on Exhibit A ( _____________
Smithfield Foods, Inc. – notice) to:
McGrath North Mullin & Kratz, PC LLO
Suite 3700, First National Tower
1601 Dodge Street
Omaha, NE 68102
Attn: Roger W. Wells
Fax: (402) 341-0216
To Buyer:
Smithfield Foods, Inc.
499 Park Avenue
6th Floor
New York, New York 10022
Attn: Richard J.M. Poulson
Fax: (212) 758-8421
with a copy (which shall
not constitute notice) to
Hunton & _____________
SMITHFIELD FOODS, INC. – IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written.
CONAGRA FOODS PACKAGED FOODS COMPANY, INC., a Delaware corporation
SMITHFIELD FOODS, INC. ,
a Virginia corporation
By:
/s/ Robert F. Sharpe, Jr.
By:
/s/ Richard J.M. Poulson
Name:
Robert F. Sharpe, Jr.
Richard J.M. Poulson
Its:
Authorized Representative
Executive Vice _____________
dt 1474595
;
Smithfield Foods
As referenced in this Asset Purchase Agreement:
SMITHFIELD FOODS, INC. – PURCHASE AGREEMENT
Exhibit 2.1
ASSET PURCHASE AGREEMENT
AGREEMENT, dated this 31ST day of July, 2006, by and between CONAGRA FOODS PACKAGED FOODS COMPANY, INC., a Delaware corporation (Seller), and SMITHFIELD FOODS, INC. , a Virginia corporation (Buyer).
RECITALS:
(a)
Seller is engaged in the production, distribution and sale of certain refrigerated meat products (the Products) under the brands listed on Exhibit A ( _____________
Smithfield Foods, Inc. – notice) to:
McGrath North Mullin & Kratz, PC LLO
Suite 3700, First National Tower
1601 Dodge Street
Omaha, NE 68102
Attn: Roger W. Wells
Fax: (402) 341-0216
To Buyer:
Smithfield Foods, Inc.
499 Park Avenue
6th Floor
New York, New York 10022
Attn: Richard J.M. Poulson
Fax: (212) 758-8421
with a copy (which shall
not constitute notice) to
Hunton & _____________
SMITHFIELD FOODS, INC. – IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written.
CONAGRA FOODS PACKAGED FOODS COMPANY, INC., a Delaware corporation
SMITHFIELD FOODS, INC. ,
a Virginia corporation
By:
/s/ Robert F. Sharpe, Jr.
By:
/s/ Richard J.M. Poulson
Name:
Robert F. Sharpe, Jr.
Richard J.M. Poulson
Its:
Authorized Representative
Executive Vice _____________
dt 1563588
;
ConAgra Foods
As referenced in this Asset Purchase Agreement:
ConAgra Foods, Inc – less the amount of all accrued expenses which relate to the Business, all as of the Effective Time, determined and calculated in accordance with Section 7 hereof.
ConAgra shall mean ConAgra Foods, Inc .
Confidentiality Agreement shall mean the Confidentiality Agreement dated June 13, 2006, between ConAgra and Buyer.
Control (including the terms Controlled by and under common Control with), with respect to _____________
ConAgra Foods, Inc – and exclusively retains, and Buyer acknowledges that it shall not acquire, any right, title or interest in or to the trade names ConAgra, ConAgra Foods Packaged Foods Company, Inc. and ConAgra Foods, Inc ., any derivations thereof, or any logos or trademarks related thereto or any other name, trademark or logo not included in the Intellectual Property (the Names). Buyer agrees that promptly _____________
CONAGRA FOODS, INC – corporation
By:
/s/ Robert F. Sharpe, Jr.
By:
/s/ Richard J.M. Poulson
Name:
Robert F. Sharpe, Jr.
Richard J.M. Poulson
Its:
Authorized Representative
Executive Vice President
GUARANTEE BY CONAGRA FOODS, INC .
By its signature below, ConAgra Foods, Inc. (ConAgra) hereby unconditionally and absolutely guarantees to Buyer the full and prompt performance of all obligations of Seller and its Affiliates under _____________
ConAgra Foods, Inc – By:
/s/ Richard J.M. Poulson
Name:
Robert F. Sharpe, Jr.
Richard J.M. Poulson
Its:
Authorized Representative
Executive Vice President
GUARANTEE BY CONAGRA FOODS, INC.
By its signature below, ConAgra Foods, Inc . (ConAgra) hereby unconditionally and absolutely guarantees to Buyer the full and prompt performance of all obligations of Seller and its Affiliates under this Agreement and the agreements ancillary thereto. _____________
CONAGRA FOODS, INC – proceed, with respect to any of the obligations of Seller or its Affiliates under this Agreement and the agreements ancillary thereto, against ConAgra without any proceeding or action against Seller.
CONAGRA FOODS, INC .,
a Delaware corporation
By:
/s/ Robert F. Sharpe, Jr.
Name:
Robert F. Sharpe, Jr.
Its:
Executive Vice President, Legal & External Affairs
73
EXHIBITS
Exhibit A
Brands
Exhibit B
_____________
dt 1580023
;
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Teamsters
As referenced in this Asset Purchase Agreement:
International Brotherhood of Teamsters – intended to satisfy the requirements of Section 4204 of ERISA with respect to the B.C.T.W. & G.M, International Unions Industry Wide Employees Pension Fund or the International Brotherhood of Teamsters Local Union 710 Pension Fund.
8.16
Cooperation. The parties shall reasonably cooperate with each other and exchange any information, filings or notices as appropriate to implement the provisions of _____________
dt 1563586
;
UBS Securities
As referenced in this Asset Purchase Agreement:
UBS Securities, LLC – business and, in the case of transactions related to the transfer of raw materials, supplies and finished goods, on an arms length basis.
9.24
Brokers and Finders. Except for UBS Securities, LLC , Centerview Partners LLC and J.P. Morgan, Seller has not employed any investment banker, broker or finder, or incurred any liability for any brokerage fees, commissions or finders fees _____________
dt 1421667
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Subscribers | 2003 |
Asset Sale and Purchase Agreement
Asset Sale and Purchase Agreement (83K)
Doc #1614161: Click preview link for longer preview.
ASSET SALE AND PURCHASE AGREEMENT
AMONG
U.S. PREMIUM BEEF, LTD.
USPBCo, LLC
and
U.S. PREMIUM PRODUCTS, LLC
AND
FARMLAND INDUSTRIES, INC., Debtor-in-Possession
FARMLAND FOODS, INC., Debtor-in-Possession
and
NBPCo., LLC,
Dated as of June 12, 2003
ASSET SALE AND PURCHASE AGREEMENT
THIS ASSET SALE AND
PURCHASE AGREEMENT (this "Agreement") is made and entered into this 12th
day of June, 2003, by and among Farmland Industries, Inc.,
Debtor-in-Possession, a Kansas . . .
1614161
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Smithfield Foods
As referenced in this Asset Sale and Purchase Agreement:
Smithfield Foods, Inc. – quot; have the meanings assigned to
such terms in Section 7.2 of this Agreement.
"Agreed Competitor"means any of Cargill, Inc.; Tyson Foods, Inc.;
Swift & Company; Smithfield Foods, Inc. ; Omaha Meat Processors, Inc.; and any Person
that acknowledges it is a competitor as defined in the Partnership Agreement.
"Alternative Transaction" has the meaning assigned to such _____________
dt 1474593
;
Smithfield Foods
As referenced in this Asset Sale and Purchase Agreement:
Smithfield Foods, Inc. – quot; have the meanings assigned to
such terms in Section 7.2 of this Agreement.
"Agreed Competitor"means any of Cargill, Inc.; Tyson Foods, Inc.;
Swift & Company; Smithfield Foods, Inc. ; Omaha Meat Processors, Inc.; and any Person
that acknowledges it is a competitor as defined in the Partnership Agreement.
"Alternative Transaction" has the meaning assigned to such _____________
dt 1335060
;
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Tyson Foods
As referenced in this Asset Sale and Purchase Agreement:
Tyson Foods, Inc – quot;Agencies" and "Agency" have the meanings assigned to
such terms in Section 7.2 of this Agreement.
"Agreed Competitor"means any of Cargill, Inc.; Tyson Foods, Inc .;
Swift & Company; Smithfield Foods, Inc.; Omaha Meat Processors, Inc.; and any Person
that acknowledges it is a competitor as defined in the Partnership Agreement.
"Alternative Transaction" _____________
dt 1354523
;
DB Trust
As referenced in this Asset Sale and Purchase Agreement:
Deutsche Bank Trust Co – and Adequate Protection
Stipulation dated as of June 5, 2002, by and among Industries and Foods, as borrowers, the
material subsidiaries of the borrowers, the financial institutions party thereto, and
Deutsche Bank Trust Co mpany Americas, as agent, as amended by that certain First Amendment
to First Amended and Restated Debtor-in-Possession Credit Agreement and Adequate
Protection Stipulation dated as of January 8, _____________
dt 1391269
;
Bryan Cave
As referenced in this Asset Sale and Purchase Agreement:
Bryan Cave – made not later than July 15, 2003); or (c) such other date as the
parties may mutually agree upon in writing (the "Closing Date"), at the office
of Bryan Cave LLP, 1200 Main, Suite 3500, Kansas City, Missouri. Failure to
consummate the purchase and sale provided for in this Agreement on such date will result
in the termination of _____________
Bryan Cave – Agreement. NBPCo. has no debts or Liabilities
except those Liabilities which are derivative from its position as a general partner of
National Beef. NBPCo. has no debts or Liabilities to Bryan Cave LLP, Goldsmith,
Agio, Helms & Lynner, LLC or any employee.
5.4 Litigation.
The Disclosure Schedule sets forth each instance in which Sellers (i) are
subject to any outstanding _____________
Bryan Cave – 713-6397
and
NBPCo., LLC
12200 North Ambassador Drive
Kansas City, Missouri 64163
Attention: Robert B. Terry
Fax: (816) 713-3903
with a copy (which shall not constitute notice) to:
Bryan Cave LLP
1200 Main Street, Suite 3500
Kansas City, Missouri 64105
Attention: Robert M. Thompson
Fax: (816) 374-3300
and with a copy (which shall not constitute notice) to:
Bryan _____________
Bryan Cave – Bryan Cave LLP
1200 Main Street, Suite 3500
Kansas City, Missouri 64105
Attention: Robert M. Thompson
Fax: (816) 374-3300
and with a copy (which shall not constitute notice) to:
Bryan Cave LLP
211 N. Broadway
Suite 3600
St. Louis, Missouri 63102
Attention: J. Powell Carman
Fax: (314) 259-2020
If to Buyers:
U.S. Premium Beef, Ltd./U.S. Premium _____________
dt 1392688
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Subscribers | 2003 |
Share Purchase Agreement
Share Purchase Agreement (185K)
Doc #187960: Click preview link for longer preview.
THIS SHARE PURCHASE AGREEMENT is made September 24, 2003 BETWEEN: SMITHFIELD FOODS, INC., a corporation governed by the laws of the Commonwealth of Virginia, (the Vendor) - and - MAPLE LEAF FOODS INC., a corporation governed by the laws of Canada, (the Purchaser). RECITALS:
A. The Vendor is the sole registered and beneficial owner of all of the issued and outstanding common shares and 4,827,326 exchangeable shares of Smithfield Canada Limited, a corporation governed by the laws of the Province of Ontario (Smithfield Canada), and all of the issued and outstanding shares of 2004171 Ontario Inc., a corporation governed by the laws of the Province of Ontario (Holdco).
B. Smithfield Canada and Holdco are the registered and beneficial owners of all of the issued and outstanding shares of Schneider Corporation, a corporation governed by the laws of Ontario (the Company).
C. The Vendor has agreed to sell to the Purchaser and the Purchaser has agreed to purchase from the Vendor, all of the issued and outstanding shares of Smithfield Canada and all of the issued and outstanding shares of Holdco (collectively, the Acquired Companies), on the terms and conditions of this Agreement.
THEREFORE, the parties agree as follows: ARTICLE 1 DEFINITIONS AND PRINCIPLES OF INTERPRETATION 1.1 Definitions Whenever used in this Agreement, the following words and terms have the meanings set out below: Accounts Payable and Accrued Liabilities means the accounts payable and accrued liabilities as shown in the Financial Statements and the Closing Date Balance Sheet; Accounts Receivable means the accounts receivable as shown in the Financial Statements and the Closing Date Balance Sheet; Acquired Companies means Smithfield Canada and Holdco, collectively; Adjustments has the meaning set forth in Section 3.1; Affiliate has the meaning given in the Business Corporations Act (Ontario), as amended from time to time; Agreement means this Share Purchase Agreement, including all schedules, and all instruments supplementing or amending or confirming this Agreement, and references to Article or Section mean and refer to the specified Article or Section of this Agreement; Appurtenances means all privileges, rights, easements and appurtenances both at law and equity belonging to or for the benefit of Real Property, including any means of access between such Real Property and a public way, rights in respect of or for any other uses upon which the present use is dependent (such as pipelines, cables, railway sidings) and all rights existing in and to any streets, alleys, passages and other rights-of-way; arms length means arms length as interpreted for the purposes of the Income Tax Act (Canada);
187960
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Smithfield Foods
As referenced in this Share Purchase Agreement:
SMITHFIELD FOODS, INC. –
Exhibit 2.1
EX-2.1 3 dex21.htm EXHIBIT 2.1
EXHIBIT 2.1
SMITHFIELD FOODS, INC.
- and -
MAPLE LEAF FOODS INC.
SHARE PURCHASE AGREEMENT
September 24, 2003
TABLE OF CONTENTS
Page
ARTICLE 1
DEFINITIONS AND PRINCIPLES OF INTERPRETATION
2
1.1
Definitions
2
1.2
_____________
SMITHFIELD FOODS, INC. – TABLE OF CONTENTS
(continued)
Page
14.5
Further Assurances
89
14.6
Counterparts
89
14.7
Facsimile Transmission
89
-v-
THIS SHARE PURCHASE AGREEMENT is made September 24, 2003
BETWEEN:
SMITHFIELD FOODS, INC. , a corporation governed by the laws of the Commonwealth of Virginia, (the Vendor)
- and -
MAPLE LEAF FOODS INC., a corporation governed by the laws of Canada, (the Purchaser).
RECITALS:
_____________
Smithfield Foods, Inc. – be established and maintained pursuant to a Collective Agreement and which are not maintained or administered by the Company, any of the Subsidiaries or any of their Affiliates;
Vendor means Smithfield Foods, Inc. , a corporation governed by the laws of the Commonwealth of Virginia;
Vendors Schedules has the meaning set forth in Section 11.17(a); and
Voting Trust Agreement means the _____________
Smithfield Foods, Inc. – in person, by courier service or other personal method of delivery), or if transmitted by facsimile or e-mail:
(a)
in the case of a Notice to the Vendor at:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention:
Richard J.M. Poulson
Facsimile
(757) 365-3025
E-mail:
dickpoulson@smithfieldfoods.com
with a copy to McCarthy Ttrault LLP
Suite 4700
_____________
SMITHFIELD FOODS, INC. – FOODS, INC.
By:
/s/ Tom Muir
Name: Tom Muir
Title: Chief Financial Officer
By:
/s/ Rocco Cappuccitti
Name: Rocco Cappuccitti
Title: Senior Vice-President, Transactions and Administration, and Corporate Secretary
SMITHFIELD FOODS, INC.
By:
/s/ Richard J. M. Poulson
Name: Richard J. M. Poulson
Title: Executive Vice President, General Counsel and Senior Advisor to the Chairman
By:
/s/ Michael H. Cole
Name: _____________
dt 1474575
;
Smithfield Foods
As referenced in this Share Purchase Agreement:
SMITHFIELD FOODS, INC. –
Exhibit 2.1
EX-2.1 3 dex21.htm EXHIBIT 2.1
EXHIBIT 2.1
SMITHFIELD FOODS, INC.
- and -
MAPLE LEAF FOODS INC.
SHARE PURCHASE AGREEMENT
September 24, 2003
TABLE OF CONTENTS
Page
ARTICLE 1
DEFINITIONS AND PRINCIPLES OF INTERPRETATION
2
1.1
Definitions
2
1.2
_____________
SMITHFIELD FOODS, INC. – TABLE OF CONTENTS
(continued)
Page
14.5
Further Assurances
89
14.6
Counterparts
89
14.7
Facsimile Transmission
89
-v-
THIS SHARE PURCHASE AGREEMENT is made September 24, 2003
BETWEEN:
SMITHFIELD FOODS, INC. , a corporation governed by the laws of the Commonwealth of Virginia, (the Vendor)
- and -
MAPLE LEAF FOODS INC., a corporation governed by the laws of Canada, (the Purchaser).
RECITALS:
_____________
Smithfield Foods, Inc. – be established and maintained pursuant to a Collective Agreement and which are not maintained or administered by the Company, any of the Subsidiaries or any of their Affiliates;
Vendor means Smithfield Foods, Inc. , a corporation governed by the laws of the Commonwealth of Virginia;
Vendors Schedules has the meaning set forth in Section 11.17(a); and
Voting Trust Agreement means the _____________
Smithfield Foods, Inc. – in person, by courier service or other personal method of delivery), or if transmitted by facsimile or e-mail:
(a)
in the case of a Notice to the Vendor at:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention:
Richard J.M. Poulson
Facsimile
(757) 365-3025
E-mail:
dickpoulson@smithfieldfoods.com
with a copy to McCarthy Ttrault LLP
Suite 4700
_____________
SMITHFIELD FOODS, INC. – FOODS, INC.
By:
/s/ Tom Muir
Name: Tom Muir
Title: Chief Financial Officer
By:
/s/ Rocco Cappuccitti
Name: Rocco Cappuccitti
Title: Senior Vice-President, Transactions and Administration, and Corporate Secretary
SMITHFIELD FOODS, INC.
By:
/s/ Richard J. M. Poulson
Name: Richard J. M. Poulson
Title: Executive Vice President, General Counsel and Senior Advisor to the Chairman
By:
/s/ Michael H. Cole
Name: _____________
dt 1335042
;
GS Credit
As referenced in this Share Purchase Agreement:
Goldman Sachs Credit Partners, – thereto, as reported upon by Ernst & Young LLP, Chartered Accountants, a copy of which is attached as Schedule 4.11;
Goldman Sachs means Goldman Sachs Credit Partners, L.P.;
Governmental Authorities means any government, regulatory authority, governmental department, agency, commission, board, bureau, tribunal, crown corporation, or court or other _____________
dt 108342
;
|
Toronto-Dominion
As referenced in this Share Purchase Agreement:
Toronto-Dominion Bank – shall be paid together with interest thereon calculated monthly from the Closing Date to the date of payment, at the rate per annum equal to the rate quoted by The Toronto-Dominion Bank on the Closing Date as the reference rate of interest it uses for determining interest rates on U.S. dollar commercial loans in Canada and designated as such banks prime _____________
dt 1447707
;
Maple Leaf Foods Inc.
|
| Preview
Subscribers | 2003 |
Share Purchase Agreement
Share Purchase Agreement (186K)
Doc #916951: Click preview link for longer preview.
EXHIBIT 2.1
Exhibit 2.1
EXHIBIT 2.1
SMITHFIELD FOODS, INC. - and - MAPLE LEAF FOODS INC. SHARE PURCHASE AGREEMENT September 24, 2003
TABLE OF CONTENTS
Page
ARTICLE 1
DEFINITIONS AND PRINCIPLES OF INTERPRETATION
2
1.1
Definitions
2
1.2
Certain Rules of Interpretation
15
1.3
. . .
916951
|
Smithfield Foods
As referenced in this Share Purchase Agreement:
SMITHFIELD FOODS, INC. –
Exhibit 2.1
EXHIBIT 2.1
SMITHFIELD FOODS, INC. - and - MAPLE LEAF FOODS INC. SHARE PURCHASE AGREEMENT September 24, 2003
TABLE OF CONTENTS
Page
ARTICLE 1
DEFINITIONS AND PRINCIPLES OF INTERPRETATION
2
1.1
Definitions
2
1.2
_____________
SMITHFIELD FOODS, INC. – TABLE OF CONTENTS (continued)
Page
14.5
Further Assurances
89
14.6
Counterparts
89
14.7
Facsimile Transmission
89
-v-
THIS SHARE PURCHASE AGREEMENT is made September 24, 2003 BETWEEN: SMITHFIELD FOODS, INC. , a corporation governed by the laws of the Commonwealth of Virginia, (the Vendor)
- and - MAPLE LEAF FOODS INC., a corporation governed by the laws of Canada,
(the _____________
Smithfield Foods, Inc. – and maintained pursuant to a Collective Agreement and which are not maintained or administered by the Company, any of the Subsidiaries or any of their Affiliates; Vendor means Smithfield Foods, Inc. , a corporation governed by the laws of the Commonwealth of Virginia;
Vendors Schedules has the meaning
set forth in Section 11.17(a); and _____________
Smithfield Foods, Inc. – in person, by courier service or other
personal method of delivery), or if transmitted by facsimile or e-mail:
(a)
in the case of a Notice to the Vendor at:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention:
Richard J.M. Poulson
Facsimile
(757) 365-3025
E-mail:
dickpoulson@smithfieldfoods.com
with a copy to McCarthy Tétrault LLP
_____________
SMITHFIELD FOODS, INC. – FOODS, INC.
By:
/s/ Tom Muir
Name: Tom Muir
Title: Chief Financial Officer
By:
/s/ Rocco Cappuccitti
Name: Rocco Cappuccitti
Title: Senior Vice-President, Transactions and Administration, and Corporate Secretary
SMITHFIELD FOODS, INC.
By:
/s/ Richard J. M. Poulson
Name: Richard J. M. Poulson
Title: Executive Vice President, General Counsel and Senior Advisor to the Chairman
By:
/s/ Michael H. Cole
Name: _____________
dt 1474580
;
Smithfield Foods
As referenced in this Share Purchase Agreement:
SMITHFIELD FOODS, INC. –
Exhibit 2.1
EXHIBIT 2.1
SMITHFIELD FOODS, INC. - and - MAPLE LEAF FOODS INC. SHARE PURCHASE AGREEMENT September 24, 2003
TABLE OF CONTENTS
Page
ARTICLE 1
DEFINITIONS AND PRINCIPLES OF INTERPRETATION
2
1.1
Definitions
2
1.2
_____________
SMITHFIELD FOODS, INC. – TABLE OF CONTENTS (continued)
Page
14.5
Further Assurances
89
14.6
Counterparts
89
14.7
Facsimile Transmission
89
-v-
THIS SHARE PURCHASE AGREEMENT is made September 24, 2003 BETWEEN: SMITHFIELD FOODS, INC. , a corporation governed by the laws of the Commonwealth of Virginia, (the Vendor)
- and - MAPLE LEAF FOODS INC., a corporation governed by the laws of Canada,
(the _____________
Smithfield Foods, Inc. – and maintained pursuant to a Collective Agreement and which are not maintained or administered by the Company, any of the Subsidiaries or any of their Affiliates; Vendor means Smithfield Foods, Inc. , a corporation governed by the laws of the Commonwealth of Virginia;
Vendors Schedules has the meaning
set forth in Section 11.17(a); and _____________
Smithfield Foods, Inc. – in person, by courier service or other
personal method of delivery), or if transmitted by facsimile or e-mail:
(a)
in the case of a Notice to the Vendor at:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention:
Richard J.M. Poulson
Facsimile
(757) 365-3025
E-mail:
dickpoulson@smithfieldfoods.com
with a copy to McCarthy Tétrault LLP
_____________
SMITHFIELD FOODS, INC. – FOODS, INC.
By:
/s/ Tom Muir
Name: Tom Muir
Title: Chief Financial Officer
By:
/s/ Rocco Cappuccitti
Name: Rocco Cappuccitti
Title: Senior Vice-President, Transactions and Administration, and Corporate Secretary
SMITHFIELD FOODS, INC.
By:
/s/ Richard J. M. Poulson
Name: Richard J. M. Poulson
Title: Executive Vice President, General Counsel and Senior Advisor to the Chairman
By:
/s/ Michael H. Cole
Name: _____________
dt 1335047
;
|
GS Credit
As referenced in this Share Purchase Agreement:
Goldman Sachs Credit Partners, L. – position and all notes thereto, as reported upon by Ernst & Young LLP, Chartered Accountants, a copy of which is
attached as Schedule 4.11; Goldman Sachs
means Goldman Sachs Credit Partners, L. P.; Governmental Authorities means any government, regulatory authority, governmental department, agency, commission, board, bureau, tribunal, crown corporation, or court or other law, rule or regulation-making entity having
_____________
dt 1552952
;
Toronto-Dominion
As referenced in this Share Purchase Agreement:
Toronto-Dominion Bank – shall be paid together with interest thereon calculated monthly from the Closing Date to the date of payment, at the rate per annum equal to the rate quoted by The Toronto-Dominion Bank on the Closing Date as the
reference rate of interest it uses for determining interest rates on U.S. dollar commercial loans in Canada and designated as such bank _____________
dt 1447800
|
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Subscribers | 2002 |
Stock Purchase Agreement
Stock Purchase Agreement (36K)
Doc #144325: Click preview link for longer preview.
STOCK PURCHASE AGREEMENT
This Stock Purchase Agreement dated November 16, 2001 ("Execution Date"), by and among Sumitomo Corporation of America, a New York corporation whose address is 600 Third Avenue, New York, New York 10016-2001("SCOA") and Daleco Resources Corporation, a Delaware corporation whose address is 120 North Church Street, West Chester, Pennsylvania 19380 ("DRC").
BACKGROUND
WHEREAS, DRC is a publicly owned holding company, whose subsidiaries own oil and gas reserves, timber concessions, mineral leases, and a patent for environmental remediation, U.S. Patent No: 5,387,738 ("Patent"); and
WHEREAS, as of the date hereof, DRC has 14,580,625 shares of common stock, par value $.01, issued and outstanding ("Common Stock") and 8,000 Class "A" and 898, 100 Class "B" shares of preferred stock, par value $.01 issued and outstanding ("Preferred Stock"); and
WHEREAS, DRC's articles authorize 20,000,000 shares of Common Stock and 10,000,000 shares of Preferred Stock; and
WHEREAS, SCOA is desirous of acquiring 640,000 shares of Common Stock at a price of $1.25 per share ("SCOA Stock"); and
WHEREAS, SCOA is desirous of obtaining warrants for 1, 700,000 shares of Common Stock at an exercise price ranging from $2.00 to $3.00 per share ("SCOA Warrants"); and
{Page}
WHEREAS, As a condition to the purchase of the SCOA Stock, SCOA desires to acquire, and DRC desires to grant to SCOA, marketing and distribution rights to designated minerals owned and/or under lease to DRC and/or its subsidiaries, and to a patented remediation processes, all as set forth in greater detail herein; and
WHEREAS, As a condition to the purchase of the SCOA Stock, SCOA has required that DRC enter into employment agreements with certain key officers of DRC, specifically: Mr. Gary J. Novinskie; Mr. Robert E. Martin; and Mr. Dov Amir; ("Key Man Contracts"); and
WHEREAS, the Key Man Contracts are to be for a term of not less than three (3) years; and
WHEREAS, DRC and SCOA are agreeable to the foregoing.
NOW THEREFORE, in consideration of the mutual agreement and covenants set forth herein and intending to be legally bound hereby, the parties hereto agree as follows:
ARTICLE I INCORPORATION BY REFERENCE
1.1. The parties incorporate the Background provisions hereof as though same were set forth at length herein. Any conflict between the Background provisions and the body of this Agreement shall be resolved in favor of the language in the body of this Agreement.
-2- {Page}
ARTICLE II THE PURCHASE AND SALE OF STOCK
2.1. The Execution. This Agreement shall be executed by the parties hereto on the date set forth above, with Closing to take place on the Closing Date, as that term is defined in Paragraph 2.3 below
2.2. THE CLOSING. At the Closing of the transactions contemplated by this Agreement, and subject to the satisfaction of the conditions precedent and all the other terms and conditions set forth herein, DRC shall sell and deliver, and SCOA shall purchase the SCOA Stock and receive the SCOA Warrants.
2.3. CLOSING DATE. The date of the Closing ("Closing Date") shall be a date mutually agreeable to the parties hereto but in no event later than November 30, 2001.
2.4. PLACE OF CLOSING. The Closing shall take place at the offices of SCOA, 600 Third Avenue, New York, New York 10016-2001, or such other place as the parties mutually agree.
ARTICLE III PURCHASE PRICE
3.1. The purchase price for the SCOA Stock shall be Eight Hundred Thousand Dollars ($800,000) payable in immediately available funds at Closing.
3.2. The purchase price for the SCOA Warrants shall range from $2.00 to $3.00 per share payable upon the exercise of a SCOA Warrant consistent with Article IV below.
144325
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Smithfield Foods
As referenced in this Stock Purchase Agreement:
Smithfield Foods, Inc. – discussions with other trading companies for
purposes of exploiting or developing any of DRC's businesses (or any business
of any of its subsidiaries); or
(b) meet with representatives of Smithfield Foods, Inc. , in
connection with any of DRC's air, water or soil remediation products without
the attendance of a representative of SCOA at any such meeting.
6.2. FILINGS. SCOA _____________
dt 1474572
;
Smithfield Foods
As referenced in this Stock Purchase Agreement:
Smithfield Foods, Inc. – discussions with other trading companies for
purposes of exploiting or developing any of DRC's businesses (or any business
of any of its subsidiaries); or
(b) meet with representatives of Smithfield Foods, Inc. , in
connection with any of DRC's air, water or soil remediation products without
the attendance of a representative of SCOA at any such meeting.
6.2. FILINGS. SCOA _____________
dt 1335039
;
| Sumitomo Corporation of America;
Daleco Resources Corp.
|
| Preview
Subscribers | 2001 |
Stock Purchase Agreement
Stock Purchase Agreement (65K)
Doc #1682190: Click preview link for longer preview.
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
STOCK PURCHASE AGREEMENT
This STOCK PURCHASE AGREEMENT is made this 31ST day of May, 2001 (the
"Agreement") among Pinnacle Foods, Inc., a Pennsylvania corporation (the
"Corporation"), the shareholders listed on Exhibit A (collectively the
"Shareholders"), and Smithfield Foods, Inc., a Virginia corporation ("Buyer").
RECITALS:
A. The . . .
1682190
|
Smithfield Foods
As referenced in this Stock Purchase Agreement:
Smithfield Foods, Inc. – AGREEMENT is made this 31ST day of May, 2001 (the
"Agreement") among Pinnacle Foods, Inc., a Pennsylvania corporation (the
"Corporation"), the shareholders listed on Exhibit A (collectively the
"Shareholders"), and Smithfield Foods, Inc. , a Virginia corporation ("Buyer").
RECITALS:
A. The Corporation wishes to issue 13,003,494 shares of its common stock,
representing 50% of the issued and outstanding shares of common _____________
Smithfield Foods, Inc. – 1 Notices. All notices and other communications required or
permitted hereunder will be in writing (including telex, telefax or similar
writing) and will be given:
(a) If to Buyer, to:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention: Richard J. M. Poulson, Esq.
Tel. No.: (757) 365-3024
Fax: (757) 365-3025
with a copy to:
McGuireWoods LLP
One James _____________
SMITHFIELD FOODS, INC. – executed by all of the
parties hereto.
[The next page is the signature page.]
21
<PAGE>
IN WITNESS WHEREOF the parties have caused this Agreement to be executed.
SMITHFIELD FOODS, INC.
By:________________________________
Name:______________________________
Title:_____________________________
[The signature page continues on the following page.]
22
<PAGE>
PINNACLE FOODS, INC.
By:________________________________
Name:______________________________
Title:_____________________________
[The signature _____________
dt 1675187
;
Smithfield Foods
As referenced in this Stock Purchase Agreement:
Smithfield Foods, Inc. – AGREEMENT is made this 31ST day of May, 2001 (the
"Agreement") among Pinnacle Foods, Inc., a Pennsylvania corporation (the
"Corporation"), the shareholders listed on Exhibit A (collectively the
"Shareholders"), and Smithfield Foods, Inc. , a Virginia corporation ("Buyer").
RECITALS:
A. The Corporation wishes to issue 13,003,494 shares of its common stock,
representing 50% of the issued and outstanding shares of common _____________
Smithfield Foods, Inc. – 1 Notices. All notices and other communications required or
permitted hereunder will be in writing (including telex, telefax or similar
writing) and will be given:
(a) If to Buyer, to:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention: Richard J. M. Poulson, Esq.
Tel. No.: (757) 365-3024
Fax: (757) 365-3025
with a copy to:
McGuireWoods LLP
One James _____________
SMITHFIELD FOODS, INC. – executed by all of the
parties hereto.
[The next page is the signature page.]
21
<PAGE>
IN WITNESS WHEREOF the parties have caused this Agreement to be executed.
SMITHFIELD FOODS, INC.
By:________________________________
Name:______________________________
Title:_____________________________
[The signature page continues on the following page.]
22
<PAGE>
PINNACLE FOODS, INC.
By:________________________________
Name:______________________________
Title:_____________________________
[The signature _____________
dt 1686218
;
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McGuireWoods
As referenced in this Stock Purchase Agreement:
McGuireWoods – d) Related Agreements. All Related Agreements shall have been
executed and delivered by the appropriate parties.
(e) Opinion of Counsel for Buyer. The Corporation shall have
received an opinion from McGuireWoods LLP, counsel for Buyer, in a form
reasonably satisfactory to t e Corporation.
15
<PAGE>
(f) Consents and Approvals. The consents and approvals of all
persons which _____________
McGuireWoods – Buyer, to:
Smithfield Foods, Inc.
200 Commerce Street
Smithfield, Virginia 23430
Attention: Richard J. M. Poulson, Esq.
Tel. No.: (757) 365-3024
Fax: (757) 365-3025
with a copy to:
McGuireWoods LLP
One James Center
901 East Cary Street
Richmond, Virginia 23219
Attention: T. Craig Harmon, Esq.
Tel. No.: (804) 775-1097
Fax:(804) 698-2074
(b) If to the _____________
dt 1681835
|
| Preview
Subscribers | 2001 |
Stock Purchase Agreement
Stock Purchase Agreement (36K)
Doc #2190937: Click preview link for longer preview.
STOCK PURCHASE AGREEMENT
This Stock Purchase Agreement dated November 16, 2001 ("Execution
Date"), by and among Sumitomo Corporation of America, a New York corporation
whose address is 600 Third Avenue, New York, New York 10016-2001("SCOA") and
Daleco Resources Corporation, a Delaware corporation whose address is 120 North
Church Street, West Chester, Pennsylvania 19380 ("DRC").
BACKGROUND
WHEREAS, DRC is a publicly owned holding company, whose subsidiaries
own oil . . .
2190937
|
Smithfield Foods
As referenced in this Stock Purchase Agreement:
Smithfield Foods, Inc. – discussions with other trading companies for
purposes of exploiting or developing any of DRC's businesses (or any business
of any of its subsidiaries); or
(b) meet with representatives of Smithfield Foods, Inc. , in
connection with any of DRC's air, water or soil remediation products without
the attendance of a representative of SCOA at any such meeting.
6.2. FILINGS. SCOA _____________
dt 1675188
;
Smithfield Foods
As referenced in this Stock Purchase Agreement:
Smithfield Foods, Inc. – discussions with other trading companies for
purposes of exploiting or developing any of DRC's businesses (or any business
of any of its subsidiaries); or
(b) meet with representatives of Smithfield Foods, Inc. , in
connection with any of DRC's air, water or soil remediation products without
the attendance of a representative of SCOA at any such meeting.
6.2. FILINGS. SCOA _____________
dt 1686219
;
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