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Asset Purchase Agreement
Asset Purchase Agreement (175K)
Doc #101536: Click preview link for longer preview.
{DOCUMENT}
{TYPE}EX-10.1
{SEQUENCE}3
{PAGE}
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC.,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
NOVEMBER 27, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
{S} {C} {C}
ARTICLE I DEFINITIONS AND RULES OF CONSTRUCTION...................................................................1
1.1 Definitions.....................................................................................1
1.2 Rules of Construction..........................................................................12
ARTICLE II PURCHASE AND SALE; ASSUMPTION OF CERTAIN LIABILITIES..................................................12
2.1 Purchase and Sale of Assets....................................................................12
2.2 Assignment and Assumption of Certain Liabilities...............................................15
2.3 Excluded Assets................................................................................15
2.4 No Other Liabilities Assumed...................................................................16
2.5 Assumption of Certain Contractual Obligations; Excluded Contracts..............................18
2.6 Deemed Consents; Cures.........................................................................19
ARTICLE III BASIC TRANSACTION....................................................................................19
3.1 Purchase Price.................................................................................19
3.2 Payment of the Deposit and Purchase Price......................................................19
3.3 Allocation of Purchase Price...................................................................20
ARTICLE IV CLOSING; CONDITIONS TO CLOSING........................................................................20
4.1 Closing........................................................................................20
4.2 The Debtors' Conditions........................................................................21
4.3 Buyer's Conditions.............................................................................22
ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE DEBTORS..........................................................26
5.1 Organization; Authorization....................................................................26
5.2 No Conflict; Consents..........................................................................26
5.3 Consents and Approvals of Governmental Authorities.............................................26
5.4 Contracts......................................................................................27
5.5 Financial Statements...........................................................................27
5.6 Equipment......................................................................................27
5.7 Inventory......................................................................................27
5.8 Intellectual Property..........................................................................27
5.9 Compliance with Laws...........................................................................29
5.10 Books and Records..............................................................................29
5.11 Permits........................................................................................29
5.12 Environmental Matters..........................................................................29
5.13 Employees; Benefit Plans.......................................................................30
5.14 Absence of Certain Changes.....................................................................31
5.15 Liabilities....................................................................................31
5.16 Insurance......................................................................................31
5.17 Taxes..........................................................................................32
5.18 Accounts Receivable............................................................................32
5.19 Brokers; Agents................................................................................32
5.20 Warranty Obligations...........................................................................32
5.21 Real Property..................................................................................32
i
{PAGE}
5.22 Litigation.....................................................................................33
5.23 Trade Relations................................................................................33
5.24 Subsidiaries...................................................................................33
ARTICLE VI REPRESENTATIONS AND WARRANTIES OF BUYER...............................................................33
6.1 Organization...................................................................................33
6.2 Authorization..................................................................................33
6.3 No Conflict or Violation.......................................................................34
6.4 Consents and Approvals.........................................................................34
6.5 Brokers........................................................................................34
ARTICLE VII ACTIONS PRIOR TO AND ON THE CLOSING..................................................................34
7.1 Conduct of the Business prior to the Closing...................................................34
101536
|
Diamond Brands
As referenced in this Asset Purchase Agreement:
DIAMOND BRANDS INC –
{DOCUMENT}
{TYPE}EX-10.1
{SEQUENCE}3
{PAGE}
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC .,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
NOVEMBER 27, 2002
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
{S} {C} {
_____________
Diamond Brands, Inc – is made and entered into as of
this 27th day of November, 2002, by and among Jarden Corporation, a Delaware
corporation (the "BUYER"), Diamond Brands, Inc orporated, a Minnesota corporation
("DBI"), Diamond Brands Operating Corp., a Delaware corporation and wholly-owned
subsidiary of DBI ("DBOC"), Diamond Brands Kansas, Inc.,
_____________
Diamond Brands, Inc – Floor
Chicago, Illinois 60601
Attention: Gary R. Silverman
Fax No: (312) 861-2200
e-mail: gsilverman@chicago.kirkland.com
if to the Debtors:
Diamond Brands, Inc .
1660 South Highway 100
Suite 122
Minneapolis, MN 55416
Attn: Naresh K. Nakra
Fax No. (952) 543-6211
e-mail: nnakra@diamondbrands.
_____________
DIAMOND BRANDS INC – to be executed and delivered on the date first above written.
BUYER:
JARDEN CORPORATION
By: /s/ Desiree DeStefano
-----------------------------
Desiree DeStefano
Vice President
DEBTORS:
DIAMOND BRANDS INC .
By: /s/ Naresh Nakra
-----------------------------
Naresh Nakra
Chief Executive Officer
DIAMOND BRANDS OPERATING CORP.
By: /s/ Naresh Nakra
-----------------------------
Naresh Nakra
Chief Executive Officer
_____________
dt 220273
;
Chicago Title
As referenced in this Asset Purchase Agreement:
Chicago Title Insurance – of Assumed Owned Real Property and each
material Assumed Facility identified by the Buyer (the "TITLE COMMITMENTS"),
issued by the corporate office of Chicago Title Insurance Company located in
Chicago, Illinois (the "TITLE INSURER"), in such amount as the Buyer determines
to be the fair market value (including all
_____________
dt 157755
;
Jarden
As referenced in this Asset Purchase Agreement:
JARDEN CORP –
JARDEN CORP
_____________
dt 1851300
;
|
 Wells Fargo Bank
As referenced in this Asset Purchase Agreement:
Wells Fargo Bank, Na – means the $1,000,000 in earnest money deposited by
the Buyer pursuant to the Earnest Money Deposit Agreement.
"DIP ADMINISTRATIVE AGENT" means Wells Fargo Bank, Na tional
Association with respect to that certain DIP Loan Agreement.
"DIP LENDERS" means the syndicate of banks and other financial
institutions which are
_____________
dt 114591
;
 Kirkland & Ellis
As referenced in this Asset Purchase Agreement:
Kirkland & Ellis, – Parties may mutually agree (the "CLOSING DATE"). The Closing
shall occur at the offices of Kirkland & Ellis, 200 East Randolph Drive,
Chicago, Illinois.
4.2 THE DEBTORS' CONDITIONS. All of the
Kirkland & Ellis
– Franklin
Fax No. (914) 967-9405
e-mail: mfranklin@jardencorp.com
with a copy to:
Kirkland & Ellis
200 East Randolph Drive
56th Floor
Chicago, Illinois 60601
Attention: Gary R. Silverman
Fax
dt 37721
;
Skadden
As referenced in this Asset Purchase Agreement:
Skadden – Nakra
Fax No. (952) 543-6211
e-mail: nnakra@diamondbrands.com
with a copy to:
Skadden Arps Slate Meagher & Flom
333 West Wacker Drive
Chicago, Illinois 60606
Attn: Timothy R. Pohl
@skadden. – Chicago, Illinois 60606
Attn: Timothy R. Pohl
Fax No. (312) 404-0411
e-mail: tpohl@skadden. com
or to such other address as any Party may designate by notice to the
dt 34099
|
| Preview
Full Doc
| 2003 |
Asset Purchase Agreement
Asset Purchase Agreement (175K)
Doc #101555: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC.,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
November 27, 2002
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
{S} {C}
ARTICLE I DEFINITIONS AND RULES OF CONSTRUCTION...................................................................1
1.1 Definitions.....................................................................................1
1.2 Rules of Construction..........................................................................10
ARTICLE II PURCHASE AND SALE; ASSUMPTION OF CERTAIN LIABILITIES..................................................10
2.1 Purchase and Sale of Assets....................................................................10
2.2 Assignment and Assumption of Certain Liabilities...............................................12
2.3 Excluded Assets................................................................................12
2.4 No Other Liabilities Assumed...................................................................13
2.5 Assumption of Certain Contractual Obligations; Excluded Contracts..............................15
2.6 Deemed Consents; Cures.........................................................................15
ARTICLE III BASIC TRANSACTION....................................................................................15
3.1 Purchase Price.................................................................................15
3.2 Payment of the Deposit and Purchase Price......................................................16
3.3 Allocation of Purchase Price...................................................................16
ARTICLE IV CLOSING; CONDITIONS TO CLOSING........................................................................16
4.1 Closing........................................................................................16
4.2 The Debtors' Conditions........................................................................17
4.3 Buyer's Conditions.............................................................................18
ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE DEBTORS..........................................................21
5.1 Organization; Authorization....................................................................21
5.2 No Conflict; Consents..........................................................................21
5.3 Consents and Approvals of Governmental Authorities.............................................21
5.4 Contracts......................................................................................21
5.5 Financial Statements...........................................................................21
5.6 Equipment......................................................................................21
5.7 Inventory......................................................................................22
5.8 Intellectual Property..........................................................................22
5.9 Compliance with Laws...........................................................................23
5.10 Books and Records..............................................................................23
5.11 Permits........................................................................................23
5.12 Environmental Matters..........................................................................23
5.13 Employees; Benefit Plans.......................................................................23
5.14 Absence of Certain Changes.....................................................................24
5.15 Liabilities....................................................................................25
5.16 Insurance......................................................................................25
5.17 Taxes..........................................................................................25
5.18 Accounts Receivable............................................................................25
5.19 Brokers; Agents................................................................................25
5.20 Warranty Obligations...........................................................................25
5.21 Real Property..................................................................................25
5.22 Litigation.....................................................................................26
5.23 Trade Relations................................................................................26
5.24 Subsidiaries...................................................................................26
ARTICLE VI REPRESENTATIONS AND WARRANTIES OF BUYER...............................................................26
6.1 Organization...................................................................................26
6.2 Authorization..................................................................................26
6.3 No Conflict or Violation.......................................................................26
6.4 Consents and Approvals.........................................................................27
i
{PAGE}
6.5 Brokers........................................................................................27
ARTICLE VII ACTIONS PRIOR TO AND ON THE CLOSING..................................................................27
7.1 Conduct of the Business prior to the Closing...................................................27
7.2 Inspection.....................................................................................28
7.3 Consents and Commercially Reasonable Efforts...................................................29
7.4 Employee Benefit Plans.........................................................................30
7.5 Employees......................................................................................30
7.6 Debtors' Cooperation in Hiring of Employees....................................................30
7.7 WARN Act.......................................................................................31
7.8 Bankruptcy Actions.............................................................................31
7.9 Excluded Real Property.........................................................................31
ARTICLE VIII ACTIONS AFTER THE CLOSING...........................................................................31
8.1 Employee Benefit Plans.........................................................................31
8.2 Cooperation of the Buyer and the Debtors.......................................................32
8.3 Further Assurances; Certain Consents...........................................................32
8.4 Name Changes...................................................................................32
8.5 Accounts Receivable/Collections................................................................32
8.6 Access to Information..........................................................................33
8.7 Transition Services............................................................................33
ARTICLE IX TERMINATION ..........................................................................................33
9.1 Termination and Abandonment....................................................................33
9.2 Notice of Termination..........................................................................34
9.3 Effect of Termination..........................................................................34
9.4 No Survival of Representations and Warranties..................................................34
ARTICLE X GENERAL PROVISIONS.....................................................................................34
10.1 Amendment and Modification.....................................................................34
10.2 Assignments....................................................................................34
10.3 Business Day...................................................................................34
10.4 Captions.......................................................................................34
10.5 Counterpart Facsimile Execution................................................................34
10.6 Counterparts...................................................................................34
10.7 Entire Agreement...............................................................................35
10.8 Schedules and Exhibits.........................................................................35
10.9 Expenses Incurred by the Parties...............................................................35
10.10 Failure or Delay...............................................................................35
10.11 Governing Law..................................................................................35
10.12 Legal Fees.....................................................................................35
10.13 Notices Between the Parties....................................................................35
10.14 Publicity Regarding This Agreement.............................................................36
10.15 Remedies Are Exclusive.........................................................................36
10.16 Severability...................................................................................36
10.17 Specific Performance and Injunctive Relief.....................................................37
10.18 Submission to Jurisdiction.....................................................................37
10.19 Successors and Assigns.........................................................................37
10.20 Third-Party Beneficiary........................................................................37
10.21 Effective Control..............................................................................37
10.22 Liability of Buyer's Affiliates................................................................37
{/TABLE}
ii
{PAGE}
LIST OF SCHEDULES AND EXHIBITS
Schedule 2.1.1.5 - Assumed Contracts
Schedule 2.1.1.6 - Bank Accounts
Schedule 2.1.1.7 - Assumed Owned Real Property
Schedule 2.1.1.22 - Assumed Plans
Schedule 2.2.1(vi) - Assumed Obligations
Schedule 2.3.5 - Excluded Assets
Schedule 3.3 - Allocation Schedule
Schedule 5.3 - No Conflict or Violation
Schedule 5.4 - Contracts
Schedule 5.5 - Financial Statements
Schedule 5.6 - Equipment
Schedule 5.8 - Intellectual Property
Schedule 5.9 - Compliance with Laws
Schedule 5.11 - Permits
Schedule 5.12 - Environmental Matters
Schedule 5.13 - Employee Benefit Plans
Schedule 5.14 - Absence of Certain Changes
Schedule 5.15 - Liabilities
Schedule 5.16 - Insurance
Schedule 5.17 - Taxes
Schedule 5.20 - Warranty Obligations
Schedule 5.21 - Real Property
Schedule 5.22 - Litigation
Schedule 5.23 - Trade Relations
Schedule 5.24 - Subsidiaries
Schedule 7.1.1 - Conduct of Business
Schedule 7.5.1 - Employees
Exhibits
--------
Exhibit A - Plan of Reorganization
iii
{PAGE}
ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT is made and entered into as of
this 27th day of November, 2002, by and among Jarden Corporation, a Delaware
corporation (the "Buyer"), Diamond Brands, Incorporated, a Minnesota
corporation ("DBI"), Diamond Brands Operating Corp., a Delaware corporation
and wholly-owned subsidiary of DBI ("DBOC"), Diamond Brands Kansas, Inc., a
Kansas corporation ("DBKI"), and Forster, Inc., a Maine corporation and
wholly-owned subsidiary of DBOC ("Forster"). DBI, DBOC, DBKI and Forster are
sometimes referred to herein individually as a "Debtor" and collectively as
the "Debtors." Capitalized terms used but not otherwise defined herein shall
have the meanings accorded to them in Section 1.1 hereof.
RECITALS
A. The Debtors are engaged in the business of designing,
manufacturing, marketing and selling plastic cutlery, matches, toothpicks and
other wooden and plastic consumer items (the "Acquired Product Lines").
B. On May 22, 2001, the Debtors filed in the United States Bankruptcy
Court for the District of Delaware (the "Bankruptcy Court") for bankruptcy
protection pursuant to chapter 11 of the United States Bankruptcy Code, 11
U.S.C. ss.101 et seq. (the "Bankruptcy Code"), which chapter 11 case is being
administered under case number 01-1825 (the "Reorganization Cases").
C. The Debtors continue to produce the Acquired Product Lines as
debtors-in-possession.
D. The Buyer wishes to cause the Asset Buyer(s) to purchase from the
Debtors, and the Debtors wish to sell to the Asset Buyer(s), certain assets of
the Debtors upon the terms set forth herein.
AGREEMENT
In consideration of the foregoing, the mutual covenants herein
contained and other good and valuable consideration (the receipt, adequacy and
sufficiency of which are hereby acknowledged by the Parties by their execution
hereof), the Parties, intending to be legally bound, hereby agree as follows:
ARTICLE I
DEFINITIONS AND RULES OF CONSTRUCTION
Definitions. For purposes of this Agreement, the following
capitalized terms have the following meanings:
"Accounts Receivable" means all accounts receivable (including
all intercompany accounts receivable), notes receivable, trade accounts,
security deposits and other debts due or accruing to the Debtors.
"Acquired Assets" has the meaning set forth in Section 2.1.1
hereof.
"Acquired Product Lines" has the meaning set forth in Recital A.
"Additional Consideration" means, at the Buyer's election, (i)
$6,000,000 in cash payable by wire transfer of immediately available funds or
(ii) shares of the Buyer's Common Stock with an aggregate Fair Market Value of
101555
|
Diamond Brands
As referenced in this Asset Purchase Agreement:
DIAMOND BRANDS INC –
{DOCUMENT}
{TYPE}EX-99
{SEQUENCE}5
Exhibit 99.3
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC .,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
November 27, 2002
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
{S} {C}
_____________
Diamond Brands, Inc – is made and entered into as of
this 27th day of November, 2002, by and among Jarden Corporation, a Delaware
corporation (the "Buyer"), Diamond Brands, Inc orporated, a Minnesota
corporation ("DBI"), Diamond Brands Operating Corp., a Delaware corporation
and wholly-owned subsidiary of DBI ("DBOC"), Diamond Brands Kansas, Inc.,
_____________
Diamond Brands, Inc – Floor
Chicago, Illinois 60601
Attention: Gary R. Silverman
Fax No: (312) 861-2200
e-mail: gsilverman@chicago.kirkland.com
if to the Debtors:
Diamond Brands, Inc .
1660 South Highway 100
Suite 122
Minneapolis, MN 55416
Attn: Naresh K. Nakra
Fax No. (952) 543-6211
e-mail: nnakra@diamondbrands.
_____________
DIAMOND BRANDS INC – to be executed and delivered on the date first above
written.
BUYER:
JARDEN CORPORATION
By: /s/ Desiree DeStefano
------------------------------
Desiree DeStefano
Vice President
DEBTORS:
DIAMOND BRANDS INC .
By: /s/ Naresh Nakra
------------------------------
Naresh Nakra
Chief Executive Officer
DIAMOND BRANDS OPERATING CORP.
By: /s/ Naresh Nakra
------------------------------
Naresh Nakra
Chief Executive Officer
_____________
dt 220274
;
Chicago Title
As referenced in this Asset Purchase Agreement:
Chicago Title
Insurance – of Assumed Owned Real
Property and each material Assumed Facility identified by the Buyer (the
"Title Commitments"), issued by the corporate office of Chicago Title
Insurance Company located in Chicago, Illinois (the "Title Insurer"), in such
amount as the Buyer determines to be the fair market value (including all
_____________
dt 157756
;
Wells Fargo Bank
As referenced in this Asset Purchase Agreement:
Wells Fargo Bank, Na – means the $1,000,000 in earnest money deposited by the
Buyer pursuant to the Earnest Money Deposit Agreement.
"DIP Administrative Agent" means Wells Fargo Bank, Na tional
Association with respect to that certain DIP Loan Agreement.
"DIP Lenders" means the syndicate of banks and other financial
institutions which are
_____________
dt 114592
;
|
Kirkland & Ellis
As referenced in this Asset Purchase Agreement:
Kirkland & Ellis, – Parties may mutually agree (the "Closing Date"). The Closing
shall occur at the offices of Kirkland & Ellis, 200 East Randolph Drive,
Chicago, Illinois.
16
{PAGE}
The Debtors' Conditions. All of the
Kirkland & Ellis
– No. (914) 967-9405
e-mail: mfranklin@jardencorp.com
35
{PAGE}
with a copy to:
Kirkland & Ellis
200 East Randolph Drive
56th Floor
Chicago, Illinois 60601
Attention: Gary R. Silverman
Fax
dt 37722
;
Skadden
As referenced in this Asset Purchase Agreement:
Skadden – Nakra
Fax No. (952) 543-6211
e-mail: nnakra@diamondbrands.com
with a copy to:
Skadden Arps Slate Meagher & Flom
333 West Wacker Drive
Chicago, Illinois 60606
Attn: Timothy R. Pohl
@skadden. – Chicago, Illinois 60606
Attn: Timothy R. Pohl
Fax No. (312) 404-0411
e-mail: tpohl@skadden. com
or to such other address as any Party may designate by notice to the
dt 34100
|
| Preview
Full Doc
| 2003 |
Asset Purchase Agreement
Asset Purchase Agreement (175K)
Doc #829612: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC.,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
November 27, 2002
. . .
829612
|
Diamond Brands
As referenced in this Asset Purchase Agreement:
DIAMOND BRANDS INC – {DOCUMENT}
{TYPE}EX-99
{SEQUENCE}5
{FILENAME}ex9938k.txt
{DESCRIPTION}EXHIBIT 99.3
{TEXT}
Exhibit 99.3
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC .,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
November 27, 2002
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
{S} {C}
ARTICLE I DEFINITIONS AND RULES OF CONSTRUCTION...................................................................
_____________
Diamond Brands, Inc – ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT is made and entered into as of
this 27th day of November, 2002, by and among Jarden Corporation, a Delaware
corporation (the "Buyer"), Diamond Brands, Inc orporated, a Minnesota
corporation ("DBI"), Diamond Brands Operating Corp., a Delaware corporation
and wholly-owned subsidiary of DBI ("DBOC"), Diamond Brands Kansas, Inc., a
Kansas corporation ("DBKI"), and Forster, Inc.,
_____________
Diamond Brands, Inc – Kirkland & Ellis
200 East Randolph Drive
56th Floor
Chicago, Illinois 60601
Attention: Gary R. Silverman
Fax No: (312) 861-2200
e-mail: gsilverman@chicago.kirkland.com
if to the Debtors:
Diamond Brands, Inc .
1660 South Highway 100
Suite 122
Minneapolis, MN 55416
Attn: Naresh K. Nakra
Fax No. (952) 543-6211
e-mail: nnakra@diamondbrands.com
with a copy to:
Skadden Arps
_____________
DIAMOND BRANDS INC – hereto have caused this Asset
Purchase Agreement to be executed and delivered on the date first above
written.
BUYER:
JARDEN CORPORATION
By: /s/ Desiree DeStefano
------------------------------
Desiree DeStefano
Vice President
DEBTORS:
DIAMOND BRANDS INC .
By: /s/ Naresh Nakra
------------------------------
Naresh Nakra
Chief Executive Officer
DIAMOND BRANDS OPERATING CORP.
By: /s/ Naresh Nakra
------------------------------
Naresh Nakra
Chief Executive Officer
DIAMOND BRANDS KANSAS, INC.
By: /s/ Naresh
_____________
dt 1733903
| |
| Preview
Full Doc
| 2003 |
Asset Purchase Agreement
Asset Purchase Agreement (175K)
Doc #1521570: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC.,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
November 27, 2002
<PAGE>
<TABLE>
<CAPTION>
. . .
1521570
|
Diamond Brands
As referenced in this Asset Purchase Agreement:
DIAMOND BRANDS INC – lt;SEQUENCE>5
<FILENAME>ex9938k.txt
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
Exhibit 99.3
ASSET PURCHASE AGREEMENT
BY AND AMONG
JARDEN CORPORATION,
AND
DIAMOND BRANDS INC .,
DIAMOND BRANDS OPERATING CORP.,
DIAMOND BRANDS KANSAS, INC.
AND
FORSTER, INC.
November 27, 2002
<PAGE>
<TABLE>
<CAPTION>
TABLE OF CONTENTS
<S> &
_____________
Diamond Brands, Inc – ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT is made and entered into as of
this 27th day of November, 2002, by and among Jarden Corporation, a Delaware
corporation (the "Buyer"), Diamond Brands, Inc orporated, a Minnesota
corporation ("DBI"), Diamond Brands Operating Corp., a Delaware corporation
and wholly-owned subsidiary of DBI ("DBOC"), Diamond Brands Kansas, Inc., a
Kansas corporation ("DBKI"), and Forster, Inc.,
_____________
Diamond Brands, Inc – amp; Ellis
200 East Randolph Drive
56th Floor
Chicago, Illinois 60601
Attention: Gary R. Silverman
Fax No: (312) 861-2200
e-mail: gsilverman@chicago.kirkland.com
if to the Debtors:
Diamond Brands, Inc .
1660 South Highway 100
Suite 122
Minneapolis, MN 55416
Attn: Naresh K. Nakra
Fax No. (952) 543-6211
e-mail: nnakra@diamondbrands.com
with a copy to:
Skadden Arps
_____________
DIAMOND BRANDS INC – hereto have caused this Asset
Purchase Agreement to be executed and delivered on the date first above
written.
BUYER:
JARDEN CORPORATION
By: /s/ Desiree DeStefano
------------------------------
Desiree DeStefano
Vice President
DEBTORS:
DIAMOND BRANDS INC .
By: /s/ Naresh Nakra
------------------------------
Naresh Nakra
Chief Executive Officer
DIAMOND BRANDS OPERATING CORP.
By: /s/ Naresh Nakra
------------------------------
Naresh Nakra
Chief Executive Officer
DIAMOND BRANDS KANSAS, INC.
By: /s/ Naresh
_____________
dt 1664069
;
| |
| Preview
Full Doc
| 2003 |
Underwriting Agreement
Underwriting Agreement (108K)
Doc #887467: Click preview link for longer preview.
Jarden Corporation
The guarantors party hereto
$30,000,000
9 3/4% Senior Subordinated Notes due 2012
Underwriting Agreement
dated May 1, 2003
CIBC World Markets Corp.
Banc of America Securities LLC
<PAGE>
Table of Contents
<TABLE>
< . . .
887467
|
Diamond Brands
As referenced in this Underwriting Agreement:
Diamond Brands, Inc – notes
thereto) filed with the Commission as part of the Registration Statement and
included in the Prospectus, and who has expressed their opinion with respect to
the financial statements of Diamond Brands, Inc . and its subsidiaries filed with
the Commission as part of the Registration Statement and included or
incorporated by reference in the Prospectus, are independent public or certified
public accountants
_____________
Diamond Brands, Inc – any supplement thereto or amendment thereof, present
fairly in all material respects the consolidated financial position of each of
(i) the Company, the Guarantors and their respective subsidiaries and (ii)
Diamond Brands, Inc . and its subsidiaries as of and at the dates indicated and
the results of their operations and cash flows for the periods specified. Such
financial statements have been prepared
_____________
Diamond Brands, Inc – gt;
(a) Accountant's Comfort Letter. On the date hereof, the Underwriters
shall have received from Ernst & Young LLP, independent public or certified
public accountants for the Company and Diamond Brands, Inc . a letter dated the
date hereof addressed to the Underwriters, in form and substance satisfactory to
the Underwriters, containing statements and information of the type ordinarily
included in accountant'
_____________
Diamond Brands, Inc – Bring-down Comfort Letter. On the Closing Date the Underwriters shall
have received from each of Ernst & Young LLP, independent public or certified
public accountants for the Company and Diamond Brands, Inc . a letter dated such
date, in form and substance satisfactory to the Underwriters, to the effect that
they reaffirm the statements made in the letter furnished by them pursuant
_____________
dt 1415805
;
BofA Securities
As referenced in this Underwriting Agreement:
Banc of America Securities LLC – gt;
EXECUTION COPY
Jarden Corporation
The guarantors party hereto
$30,000,000
9 3/4% Senior Subordinated Notes due 2012
Underwriting Agreement
dated May 1, 2003
CIBC World Markets Corp.
Banc of America Securities LLC
<PAGE>
Table of Contents
<TABLE>
<CAPTION>
<S> <C>
SECTION 1. Representations and Warranties..........................................................5
(a) Compliance with Registration Requirements.....................................................
_____________
BANC OF AMERICA SECURITIES LLC – Default of One or More of the Underwriters.............................................24
SECTION 18. General Provisions.....................................................................25
</TABLE>
iii
<PAGE>
Underwriting Agreement
May 1, 2003
CIBC WORLD MARKETS CORP.
BANC OF AMERICA SECURITIES LLC
c/o CIBC WORLD MARKETS CORP.
425 Lexington Avenue 3rd Floor
New York, New York 10017
Ladies and Gentlemen:
Jarden Corporation, a Delaware corporation (the "Company"),
proposes to issue
_____________
Banc of America
Securities LLC – Lexington Avenue 3rd Floor
New York, New York 10017
Ladies and Gentlemen:
Jarden Corporation, a Delaware corporation (the "Company"),
proposes to issue and sell to CIBC World Markets Corp. and Banc of America
Securities LLC (the "Underwriters"), acting severally and not jointly, the
respective amounts set forth in such Schedule A of the Company's 9 3/4% Senior
Subordinated Notes due 2012 (the "
_____________
Banc of America Securities LLC – hereto as
follows:
If to the Underwriters:
CIBC World Markets Corp.
425 Lexington Avenue, 5th Floor
New York, NY 10017
Facsimile: (212) 885-4801
Attention: High Yield Capital Markets
and
Banc of America Securities LLC
9 West 57th Street, 31st Floor
New York, NY 10019
Facsimile: 212-583-8324
Attention: High Yield Capital Markets
with a copy to:
Latham & Watkins LLP
885 Third
_____________
BANC OF AMERICA SECURITIES LLC – DeStefano
Title: Vice President
<PAGE>
The foregoing Underwriting Agreement is hereby confirmed and
accepted by the Underwriters as of the date first above written.
CIBC WORLD MARKETS CORP.
BANC OF AMERICA SECURITIES LLC
By: CIBC World Markets Corp.
On behalf of the Underwriters and
as Independent Underwriter
By: /s/ Peter Mejlander
----------------------
Name: Peter Mejlander
Title: Director
</TEXT>
</DOCUMENT>
_____________
dt 1355698
;
BofA
As referenced in this Underwriting Agreement:
Bank of America, N.A. – their respective obligations under
each of this Agreement, the Registration Rights Agreement, the Securities and
the Indenture and the credit agreement, dated as of April 24, 2002 among the
Company, Bank of America, N.A. , as Administrative Agent, Swing Line Lender and
L/C Issuer, Canadian Imperial Bank of Commerce, as Syndication Agent, National
City Bank of Indiana, as Documentation Agent, and the other
_____________
dt 1554731
;
|
BNY
As referenced in this Underwriting Agreement:
Bank of New
York, – 424(b)(5) under the Securities Act.
The Notes will be issued pursuant to an indenture (the "Existing
Indenture") dated as of January 29, 2003 between the Company and The Bank of New
York, as trustee (the "Trustee"), as supplemented by the first supplemental
indenture (the "Supplemental Indenture" and, together with the Existing
Indenture, the "Indenture") to be entered into by the Company,
_____________
dt 1584916
;
CIBC
As referenced in this Underwriting Agreement:
Canadian Imperial Bank of Commerce, – the Indenture and the credit agreement, dated as of April 24, 2002 among the
Company, Bank of America, N.A., as Administrative Agent, Swing Line Lender and
L/C Issuer, Canadian Imperial Bank of Commerce, as Syndication Agent, National
City Bank of Indiana, as Documentation Agent, and the other Lenders party
thereto, as amended by Amendment No. 1 to Credit Agreement, dated as of
_____________
dt 1372517
;
More... |