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Asset purchase and sale agreement enervest acquisition ii lp form
FF 10/96 © STP 8012-1 Form 8.01[2]—Purchase and Sale Agreement ASSET PURCHASE AND SALE AGREEMENT THIS ASSET PURCHASE AND SALE AGREEMENT (“Agreement”) is entered into as of the day of , 19 , between , a corporation (the “Seller”), and (individually, a “Shareholder” and collectively, the “Shareholders”), and , a corporation (the “Purchaser”). RECITALS A. The Seller is licensed to own and operate a restaurant business featuring (the “Franchised Business”) under a Franchise Agreement dated , 19 , (the “Current Franchise”) with ABC, Inc., a corporation (“ABC”). Seller desires to sell, and the Purchaser desires to purchase, certain assets owned by the Seller and used in connection with the Franchised Business. B. The Shareholders own all of the outstanding capital stock of the Seller. C. The parties hereto desire to enter into this Agreement for the purpose of setting forth the terms and conditions upon which such purchase and sale are being effected. In consideration of premises and the mutual promises contained herein, and other good and valuable consideration, the parties hereto agree as follows: 1. Transfer of Assets. The Purchaser hereby purchases and acquires from the Seller, and the Seller
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