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Subscribers | 2002 |
Agreement Relating to the Sale and Purchase of the Entire Issued Share Capital
Agreement Relating to the Sale and Purchase of the Entire Issued Share Capital (176K)
Doc #137288: Click preview link for longer preview.
DATED 18 DECEMBER 2001
MULLION INTERNATIONAL LIMITED
and
ROYAL HOLDINGS, INC.
--------------------------------------------------
AGREEMENT RELATING TO
THE SALE AND PURCHASE OF THE
ENTIRE ISSUED SHARE CAPITAL OF LMK LIMITED
AND SHARES IN THE CAPITAL OF PENHALIGON'S
& JEAVONS INVESTMENT CO LIMITED, MULMKION BV
AND PENHALIGON'S PACIFIC LIMITED
-----------------------------------------------------
Skadden, Arps, Slate, Meagher & Flom LLP
One Canada Square
Canary Wharf
London
E14 5DS
{Page}
CONTENTS
{TABLE}
{S} {C}
1. INTERPRETATION................................................................................1
2. SALE AND PURCHASE.............................................................................1
3. CONSIDERATION.................................................................................1
4. CONDITIONS TO COMPLETION......................................................................3
5. SELLER'S COVENANTS AND CONDUCT OF THE ACQUIRED BUSINESS BEFORE COMPLETION.....................5
6. COMPLETION....................................................................................9
7. SELLER'S WARRANTIES..........................................................................10
8. PURCHASER'S WARRANTIES.......................................................................11
9. PURCHASER'S UNDERTAKINGS AND ACKNOWLEDGEMENT.................................................12
10. INTRA-GROUP GUARANTEES.....................................................................12
11. EFFECT OF COMPLETION.......................................................................13
12. PROTECTION OF GOODWILL.....................................................................13
13. ACCESS.....................................................................................14
14. REMEDIES AND WAIVERS.......................................................................15
15. ASSIGNMENT.................................................................................15
16. FURTHER ASSURANCE..........................................................................15
17. ENTIRE AGREEMENT...........................................................................15
18. NOTICES....................................................................................16
19. ANNOUNCEMENTS..............................................................................18
20. CONFIDENTIALITY............................................................................18
21. COSTS AND EXPENSES.........................................................................19
22. COUNTERPARTS...............................................................................19
23. TIME OF ESSENCE............................................................................20
24. INVALIDITY.................................................................................20
25. GOVERNING LAW..............................................................................20
26. JURISDICTION...............................................................................20
27. SELLER'S AGENT FOR SERVICE.................................................................20
28. PURCHASER'S AGENT FOR SERVICE..............................................................21
29. SPECIFIC PERFORMANCE.......................................................................22
SCHEDULE 1..........................................................................................23
Interpretation......................................................................................23
SCHEDULE 2..........................................................................................30
Completion arrangements.............................................................................30
SCHEDULE 3..........................................................................................34
The Warranties......................................................................................34
1. OWNERSHIP OF THE SHARES.......................................................................34
2. CAPACITY OF THE SELLER........................................................................34
3. ARRANGEMENTS BETWEEN THE GROUP AND THE SELLER'S GROUP.........................................34
4. GROUP STRUCTURE, ETC..........................................................................35
5. OWNERSHIP, CONDITION AND SUFFICIENCY OF ASSETS................................................36
6. STOCK.........................................................................................36
7. ACCURACY OF INFORMATION.......................................................................36
8. ACCOUNTS AND MANAGEMENT ACCOUNTS..............................................................37
9. EVENTS SINCE THE ACCOUNTS DATE................................................................37
10. CONTRACTS AND COMMITMENTS..................................................................38
11. BANK ACCOUNTS AND BORROWINGS...............................................................38
{/TABLE}
{Page}
{TABLE}
{S} {C}
12. POWERS OF ATTORNEY.........................................................................39
13. GRANTS AND ALLOWANCES......................................................................39
14. COMPLIANCE WITH LAWS.......................................................................39
15. LICENCES...................................................................................39
16. LITIGATION.................................................................................39
17. DELINQUENT AND WRONGFUL ACTS...............................................................39
18. OWNERSHIP OF LAND..........................................................................40
19. INTELLECTUAL PROPERTY......................................................................40
20. INSURANCES.................................................................................40
21. EMPLOYMENT.................................................................................40
22. PENSIONS...................................................................................41
23. TAX........................................................................................41
24. TAX RETURNS, DISPUTES, RECORDS AND CLAIMS ETC..............................................42
25. STAMP DUTY.................................................................................42
26. VALUE ADDED TAX............................................................................42
27. DEDUCTIONS AND WITHHOLDINGS................................................................42
28. RESIDENCE..................................................................................42
29. BROKER'S FEES..............................................................................42
30. ENVIRONMENTAL..............................................................................43
31. UNDISCLOSED LIABILITIES....................................................................43
32. DATA ROOM..................................................................................43
SCHEDULE 4..........................................................................................44
(Limitations on liability)..........................................................................44
1. LIMITATION ON QUANTUM AND GENERAL.............................................................44
2. TIME LIMITS FOR BRINGING CLAIMS...............................................................44
3. CONDUCT OF LITIGATION.........................................................................44
4. NO LIABILITY IF LOSS IS OTHERWISE COMPENSATED FOR.............................................45
5. RECOVERY FROM INSURERS AND OTHER THIRD PARTIES................................................46
6. ACTS OF PURCHASER.............................................................................46
7. THE ACCOUNTS..................................................................................47
8. RETROSPECTIVE LEGISLATION.....................................................................48
9. PURCHASER'S KNOWLEDGE.........................................................................48
10. INFORMATION MEMORANDUM, DATA ROOM AND INDEPENDENT ADVICE OF PURCHASER.........................48
11. DISCLOSURE....................................................................................49
12. CLAIM TO BE REDUCTION OF PURCHASE PRICE.......................................................49
13. TAXATION......................................................................................49
PART I PENHALIGON'S LIMITED........................................................................50
SCHEDULE 5..........................................................................................51
PART II PENHALIGON'S PACIFIC LIMITED................................................................51
SCHEDULE 6..........................................................................................52
PART I PENHALIGON'S AND JEAVONS INVESTMENT CO LIMITED..............................................52
SCHEDULE 6..........................................................................................53
SCHEDULE 6 PART II MULMKION B.V.....................................................................53
SCHEDULE 6..........................................................................................54
PART III LMK LIMITED................................................................................54
SCHEDULE 7..........................................................................................56
The Properties......................................................................................56
SCHEDULE 8..........................................................................................58
Pro Forma Net Working Capital Statement.............................................................58
{/TABLE}
ii
{Page}
{TABLE}
{S} {C}
SCHEDULE 9..........................................................................................59
Registered Intellectual Property....................................................................59
{/TABLE}
iii
{Page}
THIS AGREEMENT is made the 18th day of December, 2001
BETWEEN:
1. Mullion International Limited whose registered office is at PO Box 3186,
Roadtown, Tortola, British Virgin Islands (the "Seller");
AND
2. Royal Holdings, Inc., a Delaware corporation, whose business address is c/o
Fox Paine & Co LLC, 950 Tower Lane, Suite 1150, Foster City, California 94404
(the "Purchaser").
WHEREAS:
The Seller has agreed to sell and the Purchaser has agreed to purchase and pay
for the Shares (as defined in this Agreement) on the terms and subject to the
conditions of this Agreement.
WHEREBY IT IS AGREED as follows:
1. INTERPRETATION
(A) Certain words and expressions used in this Agreement are defined in
Schedule 1.
(B) The Schedules form part of this Agreement and shall have the same force
and effect as if set out in the body of this Agreement and any
reference to this Agreement shall include the Schedules.
2. SALE AND PURCHASE
(A) On the terms and subject to the conditions set out in this Agreement,
the Seller shall with full title guarantee sell and the Purchaser shall
purchase the Shares as at and with effect from Completion free from all
claims, liens, charges and Encumbrances together with all rights
attached or accruing to them at Completion.
(B) The Purchaser shall from Completion be entitled to exercise all rights
attached or accruing to the Shares including, without limitation, the
right to receive all dividends paid or made on or after the Completion
Date.
3. CONSIDERATION
(A) The total consideration for the sale of the Shares shall be the payment
by the Purchaser of the Purchase Price subject to adjustment in
accordance with sub-clauses 3(C) to 3(F) inclusive below. The Purchase
Price is payable in accordance with Clause 6 (Completion) and any
adjustment to the Purchase Price shall be payable in accordance with
sub-clauses 3(B) to 3(G).
(B) If the Net Working Capital Amount of the Group as agreed or determined
pursuant to clauses 3(C) to 3(F) inclusive is:-
137288
|
Warnaco Group
As referenced in this Agreement Relating to the Sale and Purchase of the Entire Issued Share Capital:
Warnaco Group, – Shares under this
Agreement without limit in time and are without prejudice to the
provisions of the confidentiality undertaking entered into between The
Warnaco Group, Inc. (as agent for the Seller) and Fox Paine & Co LLC
and dated 30 October 2001.
21. COSTS AND EXPENSES
(A) Save
_____________
Warnaco Group – clauses (i) through (iv) above of any other Person;
"Information
Memorandum" means the information memorandum relating to the Acquired
Business prepared by The Warnaco Group Inc. on behalf of the
Seller and dated September 2001;
"Intellectual
Property" means patents, trade marks and service marks, rights in
designs, trade
_____________
Warnaco Group – or on the objection deadline date with respect
to a hearing on the disclosure statement associated with the plan of
reorganization of the Warnaco Group proposed by or filed with the
concurrence of debtors (whichever is the earlier) PROVIDED that the
liability of the Seller in respect of
_____________
dt 221098
;
 Kaye Scholer
As referenced in this Agreement Relating to the Sale and Purchase of the Entire Issued Share Capital:
Kaye Scholer – 1150
Foster City, CA
94404
For the attn. of: Jason Hurwitz
with a copy to:
Kaye Scholer LLP 425 Park Avenue 001 212 836 8000
New York
NY 10022
For the
Kaye Scholer – served on it in connection with
Proceedings in New York by service on its agent Kaye Scholer , if no
replacement agent has been appointed and notified to the Seller
pursuant to
Kaye Scholer – Any Service Document served pursuant to this clause shall be marked for
the attention of Kaye Scholer LLP, 425 Park Avenue, New York, New York
10022 for the attention of Marc
Kaye Scholer – other subsidiaries of any such holding company from time to
time;
"Purchaser's
Solicitors" means Kaye Scholer LLP of 425 Park Avenue, New York, New
York 10022 and 10th Floor, 88
dt 37618
;
Sidley Austin
As referenced in this Agreement Relating to the Sale and Purchase of the Entire Issued Share Capital:
Sidley, Austin – 735 2000
Four Times Square
New York
NY 10036
For the attn. of: Alan Myers
Sidley, Austin , Brown & Wood 001 212 906 2021
875 Third Avenue
New York
NY 10022
For
dt 33981
;
|
Skadden
As referenced in this Agreement Relating to the Sale and Purchase of the Entire Issued Share Capital:
Skadden, – CAPITAL OF PENHALIGON'S
& JEAVONS INVESTMENT CO LIMITED, MULMKION BV
AND PENHALIGON'S PACIFIC LIMITED
-----------------------------------------------------
Skadden, Arps, Slate, Meagher & Flom LLP
One Canada Square
Canary Wharf
London
E14 5DS
{Page}
Skadden, – 503 8536
26th Floor
New York
NY 10016
For the attn. of: The General Counsel
Skadden, Arps, Slate, Meagher & Flom LLP 001 212 735 2000
Four Times Square
New York
Skadden, – served on them in connection with
Proceedings in New York by service on their agent Skadden, Arps, Slate,
Meagher & Flom LLP, if no replacement agent has been appointed and
notified
Skadden, – Service Document served pursuant to this clause shall be marked for
the attention of:
(i) Skadden, Arps, Slate, Meagher & Flom LLP at 4 Times Square,
New York, NY 10036 6522
Skadden, – and affiliates of any such holding
company from time to time;
"Seller's
Solicitors" means Skadden, Arps, Slate, Meagher & Flom LLP; One Canada
Square, Canary Wharf, London E14 5DS;
"Senior
dt 34179
;
Mullion International Limited;
More... |
| Preview
Subscribers | 2003 |
Stock Purchase Agreement [Amended and Restated]
Stock Purchase Agreement [Amended and Restated] (265K)
Doc #195421: Click preview link for longer preview.
AMENDED AND RESTATED
STOCK PURCHASE AGREEMENT
among
JAMES F. SOFFE,
JOHN D. SOFFE,
ANTHONY M. CIMAGLIA,
M. J. SOFFE CO.,
MJS ACQUISITION COMPANY
and
DELTA APPAREL, INC.
October 3, 2003
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
PAGE
{S} {C}
ARTICLE 1 Purchase and Sale......................................................................................1
1.1. Purchase and Sale of the Stock.......................................................................2
1.2. Consideration for Purchase and Sale of the Stock.....................................................2
1.3. Cash Closing Payment.................................................................................2
1.4. Promissory Notes.....................................................................................2
1.5. EBITDA Earnout Amount................................................................................3
1.6. Return Rate Earnout Amount...........................................................................5
1.7. Payment of EBITDA Earnout Amounts and Return Rate Earnout Amounts....................................6
1.8. Pro Rata Payments to Shareholders....................................................................8
ARTICLE 2 Closing The Transaction................................................................................8
2.1. Closing..............................................................................................8
2.2. Shareholders' Deliveries at Closing..................................................................8
2.3. The Buyer's Deliveries at Closing...................................................................10
2.4. Delta's Deliveries at Closing.......................................................................11
ARTICLE 3 Representations and Warranties of the Shareholders and the Company....................................11
3.1. Shareholders; Company; Entry Into Agreements........................................................12
3.2. Financial Information...............................................................................13
3.3. Stock...............................................................................................15
3.4. Assets..............................................................................................16
3.5. Liabilities.........................................................................................20
3.6. Business............................................................................................21
3.7. No Brokers Fees; No Commissions.....................................................................26
3.8. HSR Act.............................................................................................26
3.9. Disclosure..........................................................................................27
ARTICLE 4 Representations and Warranties of Delta...............................................................27
4.1. Entry Into Agreements...............................................................................27
4.2. Delta Consents......................................................................................28
4.3. HSR Act.............................................................................................28
4.4. Financial Information...............................................................................28
4.5. No Brokers Fees; No Commissions.....................................................................29
4.6. Assets..............................................................................................29
4.7. Liabilities.........................................................................................30
4.8. Business............................................................................................30
4.9. Funds for Acquisition; Not Insolvent................................................................31
4.10. Securities Filings.................................................................................32
4.11. Disclosure.........................................................................................32
ARTICLE 5 Representations and Warranties of the Buyer...........................................................32
5.1. Entry Into Agreements...............................................................................32
5.2. Buyer Consents......................................................................................33
{PAGE}
5.3. Acquisition of Stock................................................................................33
5.4. No Brokers Fees; No Commissions.....................................................................34
5.5. Funds for the Acquisition; Not Insolvent............................................................34
5.6. Litigation..........................................................................................34
5.7. Compliance with Laws................................................................................34
5.8. Licenses............................................................................................34
5.9. Disclosure..........................................................................................34
ARTICLE 6 Conditions To Consummating The Transaction............................................................35
6.1. Joint Conditions....................................................................................35
6.2. Delta's and the Buyer's Conditions..................................................................35
6.3. Shareholders' and the Company's Conditions to Closing...............................................37
ARTICLE 7 Covenants to Satisfy Conditions and Consummate the Transaction........................................38
7.1. Joint Responsibilities..............................................................................38
ARTICLE 8 Covenants of the Sellers, the Buyer, and Delta........................................................38
8.1. Conduct of Business of the Company Pending Closing..................................................38
8.2. Disclosure Supplements..............................................................................39
8.3. Public Announcements................................................................................40
8.4. Employee Communications.............................................................................40
8.5. Access to Books, Records and Personnel..............................................................40
8.6. Consents, Approvals and Releases....................................................................40
8.7. No Solicitation.....................................................................................41
8.8. Discharge of Bonus Obligation.......................................................................41
8.9. Disclosure of Additional Information................................................................41
8.10. Nondisclosure......................................................................................41
8.11. Closing Financial Information......................................................................42
ARTICLE 9 Post-Closing Agreements...............................................................................42
9.1. Further Actions.....................................................................................42
9.2. Inspection of Records; Back-up......................................................................42
9.3. Tax Matters.........................................................................................42
9.4. Indemnification for Officers and Directors..........................................................43
9.5. Maintenance of Employee Benefits....................................................................43
9.6. WARN................................................................................................44
9.7. Accounts Receivable.................................................................................44
9.8. Corporate Name......................................................................................44
ARTICLE 10 Indemnification......................................................................................45
10.1. Survival; Etc......................................................................................45
10.2. Indemnities........................................................................................46
10.3. Limitations on Indemnities.........................................................................48
10.4. Notice and Opportunity to Defend...................................................................49
10.5. Delays or Omissions, Etc...........................................................................50
10.6. Indemnification Payment as Purchase Price Adjustment...............................................50
{PAGE}
10.7. Duty to Mitigate...................................................................................51
10.8. Net Indemnifiable Losses...........................................................................51
10.9. Exclusive Remedy...................................................................................51
10.10. Pro Rata Liability of Shareholders................................................................52
ARTICLE 11 Termination..........................................................................................53
11.1. Reasons for Termination............................................................................53
11.2. Notice of Problems.................................................................................54
11.3. Delta and Buyer Termination Procedure..............................................................54
11.4. Shareholders' Termination Procedure................................................................54
11.5. Effect of Termination..............................................................................54
ARTICLE 12 Guaranty.............................................................................................55
12.1. Guaranty Obligations...............................................................................55
ARTICLE 13 Miscellaneous........................................................................................56
13.1. Entire Agreement...................................................................................56
13.2. Waiver and Amendment...............................................................................56
13.3. Partial Invalidity.................................................................................56
13.4. Governing Law; Mediation; Jurisdiction.............................................................56
13.5. Successors and Assigns.............................................................................57
13.6. Notices, Etc.......................................................................................57
13.7. No Third Party Beneficiary, Etc....................................................................58
13.8. Counterparts.......................................................................................58
13.9. Definitions; Interpretation........................................................................59
13.10. Expenses..........................................................................................59
13.11. Confidentiality...................................................................................59
13.12 Shareholder Acknowledgement.......................................................................59
EXHIBIT A Shareholder Information..............................................................................A-1
EXHIBIT B Indebtedness Target..................................................................................B-1
EXHIBIT C EBITDA Earnout.......................................................................................C-1
EXHIBIT D Return Rate Earnout..................................................................................D-1
EXHIBIT E Form of Shareholders' Closing Certificate............................................................E-1
EXHIBIT F Employment Agreements................................................................................F-1
EXHIBIT G Form of Buyer's Closing Certificate..................................................................G-1
EXHIBIT H Form of Delta's Closing Certificate..................................................................H-1
EXHIBIT I Exchange Agreement...................................................................................I-1
{PAGE}
EXHIBIT J DC Lease.............................................................................................J-1
EXHIBIT K Guaranty.............................................................................................K-1
EXHIBIT L Definitions..........................................................................................A-2
{/TABLE}
SCHEDULES:
Sellers' Disclosure Schedule
Delta's Disclosure Schedule
Buyer's Disclosure Schedule
Schedule X - EBITDA Methodologies for Company's Opening Balance Sheet
{PAGE}
AMENDED AND RESTATED
STOCK PURCHASE AGREEMENT
THIS AMENDED AND RESTATED STOCK PURCHASE AGREEMENT (this "AGREEMENT") is
entered into as of October 3, 2003, by and among Delta Apparel, Inc., a Georgia
corporation ("DELTA") and MJS Acquisition Company, a North Carolina corporation
(the "BUYER"), on the one hand, and M. J. Soffe Co., a North Carolina
corporation (the "COMPANY"), and the shareholders of the Company, James F.
Soffe, John D. Soffe and Anthony M. Cimaglia (collectively, the "SHAREHOLDERS"),
on the other hand. The Company and the Shareholders are sometimes collectively
referred to herein as the "SELLERS."
R E C I T A L S
A. The Company is engaged in the business of manufacturing, marketing and
selling casual and athletic apparel (the "BUSINESS").
B. The Shareholders own all of the issued and outstanding shares of
capital stock of the Company (collectively, the "STOCK"), consisting in
the aggregate of six hundred (600) shares of common stock, par value
$100 per share.
C. The Shareholders, the Company, and Delta entered into that certain
Stock Purchase Agreement (the "ORIGINAL STOCK PURCHASE AGREEMENT"),
dated as of July 3, 2003, pursuant to which the Shareholders agreed to
sell, and Delta agreed to purchase, the Stock on the terms and subject
to the conditions set forth in the Original Stock Purchase Agreement.
D. Delta has caused Buyer, a wholly-owned subsidiary of Delta, to be
formed under the laws of the State of North Carolina for the purpose of
consummating the acquisition of the Stock.
E. The Shareholders, the Company, and Delta desire to amend certain
provisions of the Original Stock Purchase Agreement to, among other
things, provide for the acquisition by Buyer of the Stock.
F. Buyer desires to become a party to this Agreement and to purchase the
Stock on the terms and subject to the conditions of this Agreement.
A G R E E M E N T
In consideration of the premises and the representations, warranties,
covenants and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
intending to be legally bound hereby, the parties agree that the Original Stock
Purchase Agreement is hereby amended and restated in its entirety as follows:
{PAGE}
ARTICLE 1
PURCHASE AND SALE
1.1. Purchase and Sale of the Stock. Upon the terms and subject to the
conditions contained herein, and in reliance on the representations, warranties
and agreements of the parties contained herein, at the Closing, each Shareholder
shall sell, convey, transfer, assign and deliver to the Buyer, and the Buyer
shall purchase from each Shareholder, all the shares of Stock owned by each
Shareholder and set forth opposite such Shareholder's name on Exhibit A hereto
under the caption "Shares Sold," which Stock represents all of the issued and
outstanding shares of capital stock of the Company.
1.2. Consideration for Purchase and Sale of the Stock. As consideration for
the sale of the Stock, the Buyer shall deliver, at the times and in accordance
with the provisions of Sections 1.3, 1.4, 1.5, 1.6, and 1.7, the following
aggregate consideration (the "PURCHASE PRICE"):
(a) The Cash Closing Payment described in Section 1.3;
(b) The Promissory Notes described in Section 1.4;
(c) The EBITDA Earnout Amounts (if any) described in Section 1.5; and
(d) The Return Rate Earnout Amounts (if any) described in Section 1.6.
1.3. Cash Closing Payment. At the Closing, the Buyer shall deliver to the
Shareholders, by wire transfer of immediately-available funds to the account(s)
previously designated in writing by the Shareholders to the Buyer, the aggregate
amount of Forty Million Dollars ($40,000,000) (the "CASH CLOSING PAYMENT"),
subject to adjustment as follows:
(a) The Cash Closing Payment shall be decreased, on a
dollar-for-dollar basis, by the amount by which the Closing Date
Indebtedness exceeds the applicable Indebtedness Target set forth on
Exhibit B; and
(b) The Cash Closing Payment shall be increased, on a
dollar-for-dollar basis, by the amount by which the applicable Indebtedness
Target set forth on Exhibit B hereto exceeds Closing Date Indebtedness.
The amount of Closing Date Indebtedness shall be determined based on pay-off
letters reasonably acceptable to the Buyer and the Sellers, and at Closing the
Buyer shall pay, or cause the Company to pay from funds provided by the Buyer or
borrowings incurred at Closing, all Closing Date Indebtedness to the creditor(s)
of such Closing Date Indebtedness.
1.4. Promissory Notes. At the Closing, the Buyer shall execute and deliver
in favor of the Shareholders one or more subordinated promissory notes in the
aggregate principal amount of Eight Million Dollars ($8,000,000) (the
"PROMISSORY NOTES") in form and substance reasonably acceptable to the Buyer and
the Shareholders. The Promissory Notes shall be secured by a lien on all the
assets and properties of the Company and the Buyer (which lien shall be
subordinate only to the lien of the Senior Lender) and a pledge of the Stock and
all of the issued and outstanding shares of capital stock of the Buyer (the
"BUYER'S STOCK") to the Shareholders (which lien shall be subordinate only to
the lien of the Senior Lender and only if the Senior Lender takes a pledge of
the Stock and the Buyer's Stock) pursuant to the terms of one or more security
and/or pledge agreements in form and substance reasonably satisfactory to the
Shareholders and the Buyer, and the Guaranty (the "SECURITY DOCUMENTS"). The
indebtedness evidenced by the Promissory Notes shall be subordinate and junior
195421
|
Delta Apparel
As referenced in this Stock Purchase Agreement [Amended and Restated]:
DELTA APPAREL, – AND RESTATED
STOCK PURCHASE AGREEMENT
among
JAMES F. SOFFE,
JOHN D. SOFFE,
ANTHONY M. CIMAGLIA,
M. J. SOFFE CO.,
MJS ACQUISITION COMPANY
and
DELTA APPAREL, INC.
October 3, 2003
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
PAGE
{S} {C}
ARTICLE 1 Purchase and Sale......................................................................................1
1.1. Purchase
_____________
Delta Apparel, – STOCK PURCHASE AGREEMENT
THIS AMENDED AND RESTATED STOCK PURCHASE AGREEMENT (this "AGREEMENT") is
entered into as of October 3, 2003, by and among Delta Apparel, Inc., a Georgia
corporation ("DELTA") and MJS Acquisition Company, a North Carolina corporation
(the "BUYER"), on the one hand, and M. J.
_____________
Delta Apparel, – to: Poyner & Spruill LLP
3600 Glenwood Avenue
Raleigh, NC 27612
Attention: James M. O'Brien III
Fax: (919) 783-1075
If to Delta: Delta Apparel, Inc.
2750 Premiere Parkway
Suite 100
Duluth, GA 30097
Attention: Robert W. Humphreys
Fax: (678) 775-9998
with a copy to: Wyche,
_____________
DELTA APPAREL, – M. CIMAGLIA
The Buyer:
MJS ACQUISITION COMPANY
By: /s/ Robert W. Humphreys
------------------------------------
Name: Robert W. Humpheys
Title: President and Chief Executive
Officer
Delta:
DELTA APPAREL, INC.
By: /s/ Robert W. Humphreys
------------------------------------
Name: Robert W. Humphreys
Title: President and Chief Executive
Officer
{PAGE}
{TABLE}
{CAPTION}
A-1
EXHIBIT
_____________
Delta
Apparel, – October 3, 2003, by and among James F. Soffe, John D. Soffe,
Anthony M. Cimaglia, M. J. Soffe Co., MJS Acquisition Company, and Delta
Apparel, Inc., as the same may be modified or amended from time to time.
"ASSERTED LIABILITY" has the meaning set forth in Section
_____________
dt 220824
;
 BofA
As referenced in this Stock Purchase Agreement [Amended and Restated]:
Bank of America, – in the Ordinary Course of Business and Liens incurred
under its existing loan agreements with Bank of America, N.A., mortgaged,
pledged or subjected to any Lien or other encumbrance any material
Bank of
America, – its cash
or other liquid assets to the payment of its line of credit with Bank of
America, N.A.
8.2. Disclosure Supplements.
(a) At any time at least five (5)
dt 40614
;
James F. Soffe;
| John D. Soffe;
Anthony M. Cimaglia;
More... |
| Preview
Subscribers | 2004 |
Asset Purchase Agreement
Asset Purchase Agreement (18K)
Doc #202189: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made as of October 8,
2003, by and between Hampshire Investments, Limited, a corporation organized
under the laws of the State of Delaware ("Seller"), and K Holdings, LLC, a
limited liability company organized under the laws of the State of Delaware
("Buyer").
RECITALS
WHEREAS, Seller has determined to dispose of the assets specified on Annex
A hereto (the "Purchased Assets");
WHEREAS, Seller desires to sell the Purchased Assets to Buyer, and Buyer
desires to purchase the Purchased Assets from Seller, on the terms and subject
to the conditions set forth herein; and
WHEREAS, Buyer is the owner of 250,000 shares of common stock, par value
$0.10 per share, of Hampshire Group, Limited (the "HGL Shares"), which shares
shall be transferred to Seller as consideration for the Purchased Assets.
NOW, THEREFORE, in consideration of the mutual promises and covenants
herein, and for other good and valuable consideration, the sufficiency of which
is hereby acknowledged, the parties hereto hereby agree as follows:
AGREEMENT
1. DEFINITIONS
For purposes of this Agreement, the following terms have the meanings
specified or referred to in this Section 1:
"Buyer" shall have the meaning given to such term in the first paragraph of
this Agreement.
"Closing" shall have the meaning given to such term in Section 2.3.
"Lien" means any mortgage, deed of trust, pledge, hypothecation,
assignment, encumbrance, lien, security interest, charge, preference,
participation interest, priority or security agreement.
"Person" means any individual, corporation (including any non-profit
corporation), general or limited partnership, limited liability company, joint
venture, estate, trust, association, organization, labor union or other entity.
202189
|
Hampshire Group
As referenced in this Asset Purchase Agreement:
Hampshire Group, – set forth herein; and
WHEREAS, Buyer is the owner of 250,000 shares of common stock, par value
$0.10 per share, of Hampshire Group, Limited (the "HGL Shares"), which shares
shall be transferred to Seller as consideration for the Purchased Assets.
NOW, THEREFORE, in consideration of
_____________
Hampshire Group, – or to
such other addresses and fax numbers as a party may designate by notice to the
other parties):
Seller: Hampshire Investments, Limited - Hampshire Group, Limited
Special Committee of the Board of Directors
605 Park Avenue
Apartment 9D
New York, New York 10021
Attention: Irwin Winter
Facsimile: (
_____________
dt 220858
;
Willkie Farr
As referenced in this Asset Purchase Agreement:
Willkie Farr – 712 Plank Road
Keene, Virginia 22946
Facsimile No.: (434) 293-5721
with a copy to: Willkie Farr & Gallagher LLP
767 Seventh Avenue, 39th Floor
New York, New York 10019
Attention: Steven
dt 32221
;
| Hampshire Investments, Limited;
K Holdings, LLC
|
| Preview
Subscribers | 2004 |
Membership Interests Purchase Agreement
Membership Interests Purchase Agreement (184K)
Doc #376434: Click preview link for longer preview.
MEMBERSHIP INTERESTS PURCHASE AGREEMENT
BY AND AMONG
W.C. BRADLEY CO.,
BRADLEY SPECIALTY RETAILING, INC.,
YOUNG AN HAT COMPANY,
J. NEIL STILLWELL,
GEORGIA NELL STILLWELL,
PHIL R. STILLWELL,
JEFFERY N. STILLWELL,
THOMAS PATRICK ALLISON, JR.,
CALVIN J. . . .
376434
|
Ashworth
As referenced in this Membership Interests Purchase Agreement:
ASHWORTH, INC – {DOCUMENT}
{TYPE}EX-99.1
{SEQUENCE}2
{FILENAME}a00428exv99w1.txt
{DESCRIPTION}EXHIBIT 99.1
{TEXT}
{PAGE}
**CONFIDENTIAL TREATMENT REQUESTED BY ASHWORTH, INC .**
EXHIBIT 99.1
MEMBERSHIP INTERESTS PURCHASE AGREEMENT
BY AND AMONG
W.C. BRADLEY CO.,
BRADLEY SPECIALTY RETAILING, INC.,
YOUNG AN HAT COMPANY,
J. NEIL STILLWELL,
GEORGIA NELL STILLWELL,
PHIL
_____________
ASHWORTH, INC – Such material is denoted by the insertion of
"****" in place of the omitted text. An unredacted version of this document was
filed with the Commission.
{PAGE}
**CONFIDENTIAL TREATMENT REQUESTED BY ASHWORTH, INC .**
MEMBERSHIP INTERESTS PURCHASE AGREEMENT
THIS MEMBERSHIP INTERESTS PURCHASE AGREEMENT (this "AGREEMENT") is made as
of July 6, 2004 by and among W.C. Bradley Co., a Georgia corporation ("W.
_____________
ASHWORTH, INC – 000) in favor of W.C. Bradley, in the form attached hereto as
Exhibit A (the "BRADLEY NOTE"); plus (c) any Installment Payments, as
applicable.
{PAGE}
**CONFIDENTIAL TREATMENT REQUESTED BY ASHWORTH, INC .**
1.3 INSTALLMENT PAYMENTS.
Schedule 1.3 sets forth the terms and conditions of the Installment
Payments (as defined in Schedule 1.3).
1.4 BASE PURCHASE PRICE HOLDBACK.
(
_____________
ASHWORTH, INC – as amended (the "CODE"). The Buyer
and each Selling Member shall prepare and file an IRS Form 8594 in a timely
fashion in accordance
2
{PAGE}
**CONFIDENTIAL TREATMENT REQUESTED BY ASHWORTH, INC .**
with the rules under Section 1060 of the Code. To the extent that the Purchase
Price is adjusted after the Closing Date, the parties hereto shall revise and
amend
_____________
ASHWORTH, INC – of the Secretary of State of the
jurisdiction of their respective organization as to the legal existence and good
standing (including tax) of each
3
{PAGE}
**CONFIDENTIAL TREATMENT REQUESTED BY ASHWORTH, INC .**
subsidiary of the Company in such jurisdiction, dated no more than ten (10)
business days prior to the Closing Date;
(x) certificates of the Secretaries of State or other
_____________
dt 1515421
;
|
Gibson Dunn
As referenced in this Membership Interests Purchase Agreement:
Gibson, Dunn – preparing Schedule 1.6 attached hereto.
1.7 CLOSING.
(a) Closing Date. The Closing will take place via facsimile with
originals to follow via overnight delivery at the offices of Gibson, Dunn &
Crutcher LLP, 4 Park Plaza, Irvine, California, on either July 6, 2004 or such
other date that the parties hereto may mutually agree after all the conditions
set forth
_____________
Gibson, Dunn – the conditions specified in
Section 5.3(a).
(c) Opinion of Counsel. Buyer shall have delivered to the Selling
Members a legal opinion, dated as of the Closing Date, from Gibson, Dunn &
Crutcher LLP, counsel to Buyer, in substantially the form attached hereto as
Exhibit J.
(d) Sublease Guaranty. Buyer shall have delivered to the Selling
Members a duly executed Sublease
_____________
Gibson, Dunn – Loker Avenue West
Carlsbad, California 92008
Attn: President
Telephone No.: (760) 929-6142
Facsimile No.: (760) 929-4697
43
{PAGE}
**CONFIDENTIAL TREATMENT REQUESTED BY ASHWORTH, INC.**
With a copy to: Gibson, Dunn & Crutcher LLP
Jamboree Center
4 Park Plaza
Irvine, California 92614
Attn: Mark W. Shurtleff, Esq.
Telephone No.: (949) 451-3800
Facsimile No.: (949) 451-4220
IF TO A SELLING
_____________
dt 1001308
|
| Preview
Subscribers | 2004 |
Securities Purchase Agreement
Securities Purchase Agreement (434K)
Doc #380303: Click preview link for longer preview.
SECURITIES PURCHASE AGREEMENT
This Securities Purchase Agreement (this "AGREEMENT") is dated as of
December 6, 2004, among Tarrant Apparel Group, a California corporation (the
"COMPANY"), and each purchaser identified on the signature pages hereto (each,
including its successors and assigns, a "PURCHASER" and collectively the
"PURCHASERS").
WHEREAS, subject to the terms and conditions set forth in this
Agreement and pursuant to Section 4(2) of the Securities Act of 1933, as amended
(the "SECURITIES ACT") and Rule 506 promulgated thereunder, the Company desires
to issue and sell to each Purchaser, and each Purchaser, severally and not
jointly, desires to purchase from the Company, securities of the Company as more
fully described in this Agreement.
NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in
this Agreement, and for other good and valuable consideration the receipt and
adequacy of which are hereby acknowledged, the Company and each Purchaser agrees
as follows:
ARTICLE I.
DEFINITIONS
1.1 DEFINITIONS. In addition to the terms defined elsewhere in
this Agreement: (a) capitalized terms that are not otherwise defined herein have
the meanings given to such terms in the Debentures (as defined herein), and (b)
the following terms have the meanings indicated in this Section 1.1:
"ACTION" shall have the meaning ascribed to such term in
Section 3.1(j).
"AFFILIATE" means any Person that, directly or indirectly
through one or more intermediaries, controls or is controlled by or is
under common control with a Person, as such terms are used in and
construed under Rule 144 under the Securities Act. With respect to a
Purchaser, any investment fund or managed account that is managed on a
discretionary basis by the same investment manager as such Purchaser
will be deemed to be an Affiliate of such Purchaser.
"CLOSING" means the closing of the purchase and sale of the
Securities pursuant to Section 2.1.
"CLOSING DATE" means the Trading Day when all of the
Transaction Documents have been executed and delivered by the
applicable parties thereto, and all conditions precedent to (i) the
Purchasers' obligations to pay the Subscription Amount and (ii) the
Company's obligations to deliver the Securities have been satisfied or
waived.
"CLOSING PRICE" means, for any date, the price determined by
the first of the following clauses that applies: (a) if the Common
Stock is then listed or quoted on a
{PAGE}
Trading Market, the closing bid price of the Common Stock for such date
(or the nearest preceding date) on the Trading Market on which the
Common Stock is then listed or quoted as reported by Bloomberg
Financial L.P. (based on a Trading Day from 9:30 a.m. Eastern Time to
4:02 p.m. Eastern Time); (b) if the Common Stock is not then listed or
quoted on a Trading Market and if prices for the Common Stock are then
reported in the "Pink Sheets" published by the Pink Sheets, LLC (or a
similar organization or agency succeeding to its functions of reporting
prices), the most recent bid price per share of the Common Stock so
reported; or (c) in all other cases, the fair market value of a share
of Common Stock as determined by an independent appraiser selected in
good faith by the Purchasers and reasonably acceptable to the Company.
"COMMISSION" means the Securities and Exchange Commission.
"COMMON STOCK" means the common stock of the Company, no par
value per share, and any securities into which such common stock shall
hereinafter have been reclassified into.
"COMMON STOCK EQUIVALENTS" means any securities of the Company
or the Subsidiaries which would entitle the holder thereof to acquire
at any time Common Stock, including without limitation, any debt,
preferred stock, rights, options, warrants or other instrument that is
at any time convertible into or exchangeable for, or otherwise entitles
the holder thereof to receive, Common Stock.
"COMPANY COUNSEL" means Stubbs Alderton & Markiles, LLP.
"CONVERSION PRICE" shall have the meaning ascribed to such
term in the Debentures.
"DEBENTURES" means, the 6% Secured Convertible Debentures due,
subject to the terms therein, three years from their date of issuance,
issued by the Company to the Purchasers hereunder, in the form of
EXHIBIT A.
"DISCLOSURE SCHEDULES" shall have the meaning ascribed to such
term in Section 3.1.
"EFFECTIVE DATE" means the date that the initial Registration
Statement filed by the Company pursuant to the Registration Rights
Agreement is first declared effective by the Commission.
"ESCROW AGENT" shall have the meaning set forth in the Escrow
Agreement.
"ESCROW AGREEMENT" shall mean the Escrow Agreement in
substantially the form of EXHIBIT E hereto executed and delivered
contemporaneously with this Agreement.
"EVALUATION DATE" shall have the meaning ascribed to such term
in Section 3.1(r).
"EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.
2
{PAGE}
"EXEMPT ISSUANCE" means the issuance of (a) shares of Common
Stock or options to employees, officers, directors, consultants,
vendors or agents of the Company (except that, if to consultants or
agents, only up to a maximum of 250,000 shares of Common Stock in any
12 month period) pursuant to any stock or option plan duly adopted by a
majority of the non-employee members of the Board of Directors of the
Company or a majority of the members of a committee of non-employee
directors established for such purpose, (b) securities upon the
exercise of or conversion of any securities issued hereunder,
convertible securities, options or warrants issued and outstanding on
the date of this Agreement, provided that such securities have not been
amended since the date of this Agreement to increase the number of such
securities or to decrease the exercise or conversion price of any such
securities, (c) securities issued pursuant to acquisitions or strategic
transactions, provided any such issuance shall only be to a Person
which is, itself or through its subsidiaries, an operating company in a
business synergistic with the business of the Company and in which the
Company receives benefits in addition to the investment of funds, but
shall not include a transaction in which the Company is issuing
securities primarily for the purpose of raising capital or to an entity
whose primary business is investing in securities and (d) shares of
Common Stock issued in connection with, but not as primary
consideration for, any equipment loan or leasing arrangement, real
property leasing arrangement, commercial credit arrangement or debt
financing from a bank or similar financial institution approved by the
Board of Directors of the Company provided such issuance shall not
include a transaction in which the Company is issuing securities
primarily for the purpose of raising capital or to an entity whose
380303
|
Tarrant Apparel
As referenced in this Securities Purchase Agreement:
Tarrant Apparel Group, – 2
{FILENAME}exhibit10-1.txt
{DESCRIPTION}EX-10.1
{TEXT}
EXHIBIT 10.1
SECURITIES PURCHASE AGREEMENT
This Securities Purchase Agreement (this "AGREEMENT") is dated as of
December 6, 2004, among Tarrant Apparel Group, a California corporation (the
"COMPANY"), and each purchaser identified on the signature pages hereto (each,
including its successors and assigns, a "PURCHASER" and collectively the
"PURCHASERS").
WHEREAS, subject to
_____________
TARRANT APPAREL GROUP – 31
{PAGE}
IN WITNESS WHEREOF, the parties hereto have caused this Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.
TARRANT APPAREL GROUP ADDRESS FOR NOTICE:
-------------------
By: /s/ Corazon Reyes 3151 East Washington Boulevard
------------------------------- Los Angeles, CA 90023
Name: Corazon Reyes Attn: Chief Financial Officer
Title: Chief Financial Officer
With a copy
_____________
Tarrant Apparel Group, – to adjustment herein): $2.00
$---------------
6% SECURED CONVERTIBLE DEBENTURE
DUE DECEMBER ___, 2007
THIS DEBENTURE is one of a series of duly authorized and issued 6%
Secured Convertible Debentures of Tarrant Apparel Group, a California
corporation, having a principal place of business at
_____________________________ (the "COMPANY"), designated as its 6% Secured
Convertible Debenture, due December ___, 2007 (the "DEBENTURE(S)").
FOR VALUE
_____________
TARRANT APPAREL GROUP
– of the Holders.
*********************
22
{PAGE}
IN WITNESS WHEREOF, the Company has caused this Debenture to be duly
executed by a duly authorized officer as of the date first above indicated.
TARRANT APPAREL GROUP
By:__________________________________________
Name:
Title:
23
{PAGE}
ANNEX A
NOTICE OF CONVERSION
The undersigned hereby elects to convert principal under the 6% Secured
Convertible Debenture of Tarrant Apparel Group, a
_____________
Tarrant Apparel Group, – above indicated.
TARRANT APPAREL GROUP
By:__________________________________________
Name:
Title:
23
{PAGE}
ANNEX A
NOTICE OF CONVERSION
The undersigned hereby elects to convert principal under the 6% Secured
Convertible Debenture of Tarrant Apparel Group, a California corporation (the
"COMPANY"), due on December __, 2007, into shares of common stock, no par value
per share (the "COMMON STOCK"), of the Company according to the
_____________
dt 1435600
| |
| Preview
Subscribers | 2000 |
Equipment Purchase Agreement
Equipment Purchase Agreement (17K)
Doc #380436: Click preview link for longer preview.
EQUIPMENT PURCHASE AGREEMENT
----------------------------
THIS EQUIPMENT PURCHASE AGREEMENT is made and effective as of the
fifth day of October, 2000, by and between TARRANT MEXICO, S. de R.L. de C.V., a
limited liability company formed under the laws of the Republic of Mexico
("Seller"), and TEX TRANSAS, S.A. de C.V., a corporation formed under the laws
of the Republic of Mexico ("Buyer"), with respect to the following facts:
A. Seller is the owner of certain equipment and other tangible, . . .
380436
| | |
| Preview
Subscribers | 2003 |
Purchase Agreement
Purchase Agreement (155K)
Doc #393078: Click preview link for longer preview.
PURCHASE AGREEMENT
dated as of
August 7, 2003
by and between
Kasper A.S.L., Ltd.
and
Jones Apparel Group, Inc.
relating to the purchase and sale
of
New Common Stock
of
Kasper A.S.L., Ltd.
TABLE OF CONTENTS
Page
ARTICLE 1 DEFINITIONS
2
Section 1.01.
Certain Definitions
2
Section 1.02.
Other Definitional and Interpretive Matters
8
ARTICLE 2 PURCHASE AND SALE
9
Section 2.01.
Purchase and Sale
9
Section 2.02.
Unadjusted Purchase Price
9
Section 2.03.
Adjustment of Purchase . . .
393078
|
Citicorp USA
As referenced in this Purchase Agreement:
Citicorp USA, Inc – Priority Debtor-In-Possession Revolving Credit Agreement, dated as of January 30, 2003, among
5
the Company, as borrower, certain of the Company's U.S. Subsidiaries, as guarantors, and Citicorp USA, Inc ., as administrative agent, arranger and book manager and the lenders and issuers party thereto, and any and all of the documents, instruments and agreements relating thereto, including, without limitation,
_____________
dt 1014563
;
Jones Apparel
As referenced in this Purchase Agreement:
Jones Apparel Group, Inc – 2.1
EX-2 3 exhibit2_1.htm EXHIBIT 2.1
EXHIBIT 2.1
PURCHASE AGREEMENT
dated as of
August 7, 2003
by and between
Kasper A.S.L., Ltd.
and
Jones Apparel Group, Inc .
relating to the purchase and sale
of
New Common Stock
of
Kasper A.S.L., Ltd.
TABLE OF CONTENTS
Page
ARTICLE 1 DEFINITIONS
2
Section 1.01.
Certain Definitions
_____________
Jones Apparel Group, Inc – Conduct Outside Ordinary Course of Business between Signing Date and Closing Date
Schedule 8.01
Exceptions to Tax Representations
i
PURCHASE AGREEMENT
AGREEMENT dated as of August 7, 2003 between Jones Apparel Group, Inc ., a Pennsylvania corporation (the "Buyer"), and Kasper A.S.L., Ltd., a Delaware corporation (the "Company").
W I T N E S S E T H :
WHEREAS, on February
_____________
Jones Apparel Group, Inc – 12.01. Notices. All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission) and shall be given,
42
if to the Buyer, to:
Jones Apparel Group, Inc .
1411 Broadway
39th Floor
New York, New York 10018
Attention: Ira M. Dansky
Executive Vice President and General Counsel
Fax: (212) 790-9988
with copies to:
Kaye Scholer LLP
_____________
Jones Apparel Group, Inc – respective authorized officers as of the day and year first above written.
Kasper A.S.L., Ltd.
By: /s/ John D. Idol
Name: John D. Idol
Title: Chairman & CEO
Jones Apparel Group, Inc .
By: /s/Wesley R. Card
Name: Wesley R. Card
Title: Chief Operating and Financial Officer
46
_____________
dt 1389515
;
BofA
As referenced in this Purchase Agreement:
Bank of America, N.A. – 03 shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to the rate of interest announced by Bank of America, N.A. from time to time as its base rate in New York City in effect from time to time during the period from the Closing Date to the date of
_____________
Bank of America, N.A. – in connection with Losses and/or enforcement of this Agreement, plus interest from the date incurred through the date of payment at two percent above the prime lending rate of Bank of America, N.A. from time to time prevailing (in all, "Indemnified Losses") incurred or to be incurred by any of them ("Buyer Indemnified Losses") to the extent resulting from or arising out
_____________
dt 1032767
;
|
Citicorp USA
As referenced in this Purchase Agreement:
Citicorp USA, Inc – Priority Debtor-In-Possession Revolving Credit Agreement, dated as of January 30, 2003, among
5
the Company, as borrower, certain of the Company's U.S. Subsidiaries, as guarantors, and Citicorp USA, Inc ., as administrative agent, arranger and book manager and the lenders and issuers party thereto, and any and all of the documents, instruments and agreements relating thereto, including, without limitation,
_____________
dt 1014563
;
Kaye Scholer
As referenced in this Purchase Agreement:
Kaye Scholer – Jones Apparel Group, Inc.
1411 Broadway
39th Floor
New York, New York 10018
Attention: Ira M. Dansky
Executive Vice President and General Counsel
Fax: (212) 790-9988
with copies to:
Kaye Scholer LLP
425 Park Avenue
New York, New York 10022
Attention: Marc Rosenberg and Lynn Toby Fisher
Fax: (212) 836-8689
if to the Company, to:
Kasper A.S.L.
_____________
dt 1002373
;
Weil Gotshal
As referenced in this Purchase Agreement:
Weil, Gotshal – and regulations promulgated pursuant thereto or published thereunder.
"ERISA" means the Employee Retirement Income Security Act of 1974, as amended and the rules and regulations promulgated thereunder.
"Escrow Agent" means Weil, Gotshal & Manges LLP, as Escrow Agent under the Escrow Agreement.
"Escrow Agreement" means the Escrow and Deposit Agreement, dated as of July 31, 2003, by and among the Company,
_____________
Weil, Gotshal – Order of the Bankruptcy Court.
11
Section 2.04. Closing. The closing (the "Closing") of the purchase and sale of the Shares hereunder shall take place at the offices of Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, New York, as soon as practicable after, but in no event later than five (5) business days after, satisfaction of the
_____________
Weil, Gotshal – financial and legal advisors, consultants and other professionals of the Estates, the Company and the Official Committee of the Unsecured Creditors of the Estates including Peter J. Solomon Company Limited, Weil, Gotshal & Manges LLP, and Anderson, Kill & Olick, P.C.;
(f) any equity-based plan or compensation program related to Old Common Stock or other Company Securities including without
_____________
Weil, Gotshal – 8689
if to the Company, to:
Kasper A.S.L. Ltd.
11 West 42nd Street
New York, New York 10036
Attention: General Counsel
Fax: (212) 626-6354
with copies to:
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153
Attention: Jeffrey J. Weinberg and Alan B. Miller
Fax: (212) 310-8007
All such notices, requests and other
_____________
dt 1002631
|
| Preview
Subscribers | 2004 |
Asset Purchase Agreement
Asset Purchase Agreement (18K)
Doc #393807: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made as of October 8,
2003, by and between Hampshire Investments, Limited, a corporation organized
under the laws of the State of Delaware ("Seller"), and K Holdings, LLC, a
limited liability company organized under the laws of the State of Delaware
("Buyer").
RECITALS
WHEREAS, Seller has determined to dispose of the assets specified on Annex
A hereto (the "Purchased Assets");
. . .
393807
| |
Willkie Farr
As referenced in this Asset Purchase Agreement:
Willkie Farr – and Scott L.
Kaufman, Esq.
Facsimile No.: (212) 479-6275
Buyer: Ludwig Kuttner, President
627/712 Plank Road
Keene, Virginia 22946
Facsimile No.: (434) 293-5721
with a copy to: Willkie Farr & Gallagher LLP
767 Seventh Avenue, 39th Floor
New York, New York 10019
Attention: Steven J. Gartner, Esq.
Facsimile No.: (212) 728-8111
5.5. GOVERNING LAW. This Agreement will
_____________
dt 1004205
|
| Preview
Subscribers | 2004 |
Stock Purchase Agreement
Stock Purchase Agreement (24K)
Doc #393808: Click preview link for longer preview.
STOCK PURCHASE AGREEMENT
THIS AGREEMENT ("Agreement") is made as of October 8, 2003, by and between
Hampshire Group, Limited, a corporation organized under the laws of the State of
Delaware ("Seller"), and each individual listed on Annex A to this Agreement
(each a "Buyer" and together, "Buyers").
RECITALS
WHEREAS, Seller owns all of the issued and outstanding shares of capital
stock (the "HIL Shares") of Hampshire Investments, Limited (the "HIL"); . . .
393808
| |
Willkie Farr
As referenced in this Stock Purchase Agreement:
Willkie Farr – after such Buyer's name on Annex A hereto.
2.2. CLOSING. The purchase and sale (the "Closing") provided for in this
Agreement will take place at the offices of Willkie Farr & Gallagher LLP, 787
Seventh Avenue, New York, New York 10019, at such time (the "Closing Date") as:
(a) Seller delivers to Buyers certificates representing the HIL
Shares, duly endorsed (
_____________
Willkie Farr – and Scott L.
Kaufman, Esq.
Facsimile No.: (212) 479-6275
Buyer: Ludwig Kuttner, President
627/712 Plank Road
Keene, Virginia 22946
Facsimile No.: (434) 293-5721
with a copy to: Willkie Farr & Gallagher LLP
|