Exhibit 2.1
ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT (the "Agreement") is made and entered into as
of this 31st day of August, 1996 (the "Effective Date") by and between OMEGA
ORTHODONTICS, INC., a Delaware corporation (the "Buyer"), and THE ORTHODONTIC
MANAGEMENT EFFECTIVENESS GROUP OF AMERICA, LLC, a California limited liability
company (the "Seller").
WHEREAS, the Seller operates an orthodontic practice management and
consulting business (the "Business"); and
WHEREAS, the Buyer wishes to purchase the Purchased Assets, it being the
intention of the Buyer to employ such Purchased Assets as part of its own
business and not to continue the Seller's enterprise as such, it being
understood that the Buyer shall not be deemed to be a successor to, or a
continuation of, the Seller; and
WHEREAS, subject to the foregoing, the Seller desires to sell and the Buyer
desires to purchase the Purchased Assets, in accordance with the terms,
conditions, and agreements hereinafter contained.
NOW, THEREFORE, in consideration of the mutual premises and the covenants
and promises hereinafter contained, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound hereby, agree as follows:
Section 1. Sale and Purchase of Assets.
1.1 Sale of Purchased Assets. On the terms and subject to the conditions
set forth in this Agreement, on the Effective Date, the Seller will sell,
convey, transfer and assign to the Buyer, and the Buyer will purchase and accept
from the Seller, all right, title and interest in and to certain of the assets
of the Seller used in or related to the Business which are identified on the
attached Schedule 1.1, as such assets shall exist on the Effective Date
(collectively, the "Purchased Assets"), free and clear of all Liens (as defined
below).
1.2 Excluded Assets. Any provisions of this Agreement to the contrary
notwithstanding, there shall be excluded from the purchase and sale contemplated
hereunder those assets of the Seller which are not described on the attached
Schedule 1.1, which assets shall not be considered or treated as Purchased
Assets (the "Excluded Assets").
1.3 Method of Conveyance.
(a) Upon payment of the Purchase Price described in Section 2, the
sale, transfer, conveyance, assignment and delivery by the Seller of the
Purchased Assets to the Buyer in accordance with Section 1.1 shall be effected
by the Seller's execution and delivery of one or more bills of sale,
assignments, and other instruments of conveyance and transfer.
(b) On the Effective Date, the Seller shall sell, transfer, convey, assign
and deliver to the Buyer absolute title to and exclusive possession of all of
the Purchased Assets free and clear of any and all Liens, mortgages,
encumbrances, claims, conditional sales agreements, charges, security interests,
rights of the Seller and any third party, rights of redemption, equities, and
any other restrictions of any kind or nature whatsoever (individually, a "Lien"
and collectively, "Liens"), and subject only to the Assumed Obligations.
1.4 Assumed Obligations. On the Effective Date, the Buyer shall assume and
shall, subject to all rights of offset, defenses, causes of action,
counterclaims and claims of any nature against third parties that may be
available to the Buyer in respect of the Assumed Obligations, agree to satisfy
and discharge, as the same shall become due, all of the Seller's obligations
under the contracts, agreements and commitments of the Seller which are
specifically identified in Schedule 1.4 (the "Contracts") and are assigned to
the Buyer on the Effective Date, if and to the extent assignable, but only to
the extent any such obligations arise and accrue after the Effective Date and
then only in respect of events and time periods occurring after the Effective
Date (collectively, the "Assumed Obligations").
1.5 Excluded Obligations. The Buyer is not assuming, and the Seller shall
remain fully responsible for, all past, present and future indebtedness,
liabilities, obligations, contracts and commitments of the Seller and any
predecessors in interest of the Business, known or unknown, fixed or contingent,
whether arising out of or resulting from the Business or the assets thereof, or
otherwise, that are not Assumed Obligations (the "Excluded Obligations").
Without limiting the foregoing, the Excluded Obligations shall include, but not
be limited to, any and all liabilities arising from or related to:
(a) the negligent acts or omissions of the Seller, whether in tort or
otherwise;
(b) any suits, actions, or claims alleging infringement by the Seller,
prior to the Effective Date, of patents, trademarks, trade names, copyrights or
other intellectual property rights held by others;
(c) any other suits, actions or claims against the Seller; and
(d) any liability or obligation relating to an Excluded Asset.
All Excluded Obligations shall remain the sole responsibility of the
Seller, and the Seller agrees to pay, perform, discharge, and indemnify, in
accordance with Section 5.2
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hereof, the Buyer from and against, any and all such indebtedness, obligations
and liabilities.
Section 2. Purchase Price. On the Effective Date, the Seller shall convey,
transfer, assign and deliver to the Buyer the Purchased Assets in exchange for
(a) the Buyer's assumption of the Assumed Obligations; and (b) the Buyer's
issuance to the Seller of one million-fifty thousand (1,050,000) shares (the
"Shares") of the common stock, par value $.01 per share, of the Buyer (the
"Common Stock").
Section 3. Representations and Warranties.
3.1 Seller. The Seller hereby represents and warrants to the Buyer, all of
which representations and warranties are true, complete, and correct in all
respects as of the date hereof, as follows:
(a) Organization and Qualification. The Seller is a limited liability
company duly organized, validly existing and in good standing under the laws of
the state of California. The Seller has all requisite power and authority to own
those properties and conduct those businesses presently owned or conducted by
it. The copies of the Articles of Organization and the Operating Agreement of
the Seller, which have been delivered to the Buyer, are complete and correct and
are in full force and effect at the date hereof.
(b) Authorization; No Restrictions, Consents or Approvals. The Seller has
full power and authority to enter into and perform this Agreement and the
Ancillary Agreements (as defined below) and all corporate and member action
necessary to authorize the execution and delivery of this Agreement and the
Ancillary Agreements and the performance hereunder and thereunder has been duly
taken. This Agreement and the Ancillary Agreements have been duly executed by
the Seller and constitute the legal, valid, binding and enforceable obligations
of the Seller, enforceable against the Seller in accordance with their terms.
The execution and delivery of this Agreement and the Ancillary Agreements, the
sale of the Purchased Assets and the consummation by the Seller of the
transactions contemplated herein and therein, do not (i) conflict with or
violate any of the terms of the Articles of Organization or the Operating
Agreement of the Seller or any applicable law, (ii) conflict with, or result in
a breach of any of the terms of any Contract or constitute a default thereunder,
(iii) result in the creation or imposition of any Lien on any of the Purchased
Assets, (iv) constitute an event permitting termination of any Contract pursuant
to the terms of such Contract, or (v) conflict with, or result in or constitute
a default under or breach or violation of or grounds for termination of, any
license, permit or other governmental authorization to which the Seller is a
party or by which the Seller may be bound, or result in the violation by the
Seller of any law, statute, rule, regulation, judgment, writ, injunction, decree
or order to which the Seller or any assets of the Seller may be subject, which
would materially adversely affect the transactions contemplated herein. No
authorization, consent or approval of, notice to, or filing with, any public
body or governmental authority or any other person is necessary in connection
with the execution and delivery by the Seller of this Agreement and the
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Ancillary Agreements or the performance by the Seller of its obligations
hereunder or thereunder.
(c) Title to Properties. The Seller has good and marketable title to all of
the Purchased Assets, free and clear of any Lien.
(d) Contracts and Other Documents. Schedule 1.4 sets forth a complete and
accurate listing or description of all Contracts to which the Seller is a party
in connection with the Business. Each of the Contracts is valid, binding and
enforceable in accordance with its terms, and is in full force and effect; there
are no existing defaults on the part of the Seller or, to the best of the
Seller's knowledge, any other party, under any Contract, and no event of default
under any such Contract has occurred and is continuing which (whether with or
without the giving of notice, lapse of time or both, or the happening of any
other event) would constitute a default under such Contract; each such Contract
will continue to be in full force and effect on the same terms and conditions
immediately after the Effective Date without the need for any action on the part
of the Buyer, except for the Buyer's performance of the Assumed Obligations; to
the best of the Seller's knowledge, each such Contract reflects the complete
understanding among the parties thereto; and accurate and complete copies of
each such Contract including all amendments thereto, have been delivered to the
Buyer at or prior to the date hereof. The Seller's interest in each of the
Contracts is free and clear of all Liens or other encumbrances (other than any
created by the Buyer). Neither the Seller nor any other party is in default
under any Contract.
(e) Compliance With Law. The Seller has at all times operated in all
respects and is presently in compliance with all applicable federal, state,
local, foreign or other laws, rules, regulations, guidelines, orders,
injunctions, building and other codes, ordinances, permits, licenses,
authorizations, judgments, decrees of federal, state, local, foreign or other
authorities, and all orders, writs, decrees and consents of any governmental or
political subdivision or agency thereof, or any court or similar person
established by any such governmental or political subdivision or agency thereof,
including but not limited to all applicable domestic and foreign laws, rules and
regulations relating to the safe conduct of business, employment discrimination,
wages and hours, employment of illegal aliens, collective bargaining, the
payment of withholding and social security taxes, product labeling, antitrust,
consumer protection, occupational safety and health, consumer product safety,
the importation of goods, product liability, currency exchange, securities and
trading with the enemy matters, and to the best of the Seller's knowledge no
event has occurred which would constitute reasonable grounds for a claim that
non-compliance has occurred or is occurring.
(f) Intellectual Property. The Seller owns or possesses valid and binding
licenses or other rights to use, whether or not registered, all intellectual
property and intangible assets used or useful in the Business (the "Intellectual
Property"). Schedule 3.1(f) sets forth a complete and accurate list of all such
Intellectual Property (identifying those owned and those licensed), including
all United States, state and
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foreign registrations or applications for registration thereof and all
agreements (including, without limitation, agreements pursuant to which the
Seller has granted licenses to third parties to use any Intellectual Property)
relating thereto. All actions necessary to maintain the registered Intellectual
Property have been taken by the Seller. The Seller is not required to pay any
royalty, license fee or similar compensation with respect to the Intellectual
Property in connection with the current or prior conduct of the Business. The
use by the Seller of any of the Intellectual Property does not violate the
proprietary rights of any other person and no claims have been asserted by any
person with respect to the use of the Intellectual Property by the Seller. To
the best of the Seller's knowledge, no person is infringing upon the
Intellectual Property. The Seller has taken reasonable security measures to
protect the secrecy, confidentiality and value of the Intellectual Property. No
person, other than the Seller, owns or has any proprietary, financial or other
interest, direct or indirect, in whole or in part, in any Intellectual Property.
(g) Investment Representations. The Seller (i) was not organized for the
specific purpose of acquiring the Shares; (ii) has sufficient knowledge and
experience in investing in companies similar to the Buyer so as to be able to
evaluate the risks and merits of its investment in the Buyer and is able
financially to bear the risks thereof; (iii) has had a full and adequate
opportunity to discuss the Buyer's business, management and financial affairs
with the Buyer's management; (iv) is acquiring the Shares for its own account
for the purpose of investment and not with view to or for sale in connection
with any distribution thereof; and (v) understands that (w) the Shares have not
been registered under the Securities Act of 1933, as amended (the "Act") by
reason of the issuance of the Shares in a transaction exempt from the
registration requirements of the Act pursuant to Section 4(2) thereof or Rule
505 or 506 promulgated under the Act, (x) the Shares must be held indefinitely
unless a subsequent disposition thereof is registered under the Act or is exempt
from such registration, (y) the Shares will bear a legend to such effect and (z)
the Buyer will make a notation on its transfer books to such effect.
3.2 Buyer. The Buyer hereby represents and warrants to the Seller, all of
which representations and warranties are true, complete, and correct in all
respects as of the date hereof, as follows:
(a) Organization and Qualification. The Buyer is a corporation duly
incorporated, validly existing and in good standing under the laws of the state
of Delaware.
(b) Authorization; No Restrictions, Consents or Approvals. The Buyer has
full corporate power and authority to enter into and perform this Agreement and
the General Assignment and Assumption Agreement and to issue the Shares, and has
taken all necessary action to authorize the execution and delivery of this
Agreement and the General Assignment and Assumption Agreement and the issuance
and sale of the Shares and the performance by the Buyer of its obligations
hereunder and thereunder. This Agreement and the General Assignment and
Assumption Agreement have been duly executed by the Buyer and constitute the
legal, valid, binding, and enforceable
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obligations of the Buyer. The execution and delivery of this Agreement and the
General Assignment and Assumption Agreement and the consummation by the Buyer of
the transactions contemplated herein and therein, do not and will not on the
Effective Date (i) conflict with or violate any of the terms of the Buyer's
Certificate of Incorporation or By-laws or any applicable law, or (ii) conflict
with, or result in a breach of any of the terms of, or result in the
acceleration of any indebtedness or obligations under, any agreement,
obligation, or instrument by which the Buyer is bound or to which any property
of the Buyer is subject, or constitute a default thereunder. No authorization,
consent, or approval of any governmental authority or any other person is
necessary or required in connection with the execution and delivery by the Buyer
of this Agreement and the General Assignment and Assumption Agreement or the
performance by the Buyer of the Buyer's obligations hereunder and thereunder.
(c) Authorized Capital Stock ; The Shares. As of the Effective Date, the
authorized capital stock of the Buyer shall consist of 10,000,000 shares of
Common Stock, 450,000 of which shall be issued and held in escrow for delivery
upon completion of the Buyer's initial public offering of its Common Stock (the
"Escrow Shares"). Upon release of the escrow, the Escrow Shares will be validly
issued and outstanding, fully paid and non-assessable shares of the Common
Stock. As of the Effective Date, the Shares shall have been duly authorized and,
when issued in accordance with this Agreement, will be validly issued, fully
paid and non-assessable shares of the Common Stock.
Section 4. Closing.
4.1 Buyer's Closing Documents. On the Effective Date, the Buyer will
deliver to the Seller, in form and substance reasonably satisfactory to the
Seller and consistent with this Agreement:
(a) The General Assignment and Assumption Agreement relating to the Assumed
Obligations (the "General Assignment").
(b) A certificate evidencing the Shares.
(c) Such other documents as the Seller shall reasonably request.
4.2 Seller's Closing Documents. On the Effective Date, the Seller will
deliver to the Buyer, in form and substance reasonably satisfactory to the
Buyer, all consents required under the Contracts, and appropriate documents to
effect or evidence the sale, conveyance, assignment and transfer to the Buyer of
the Purchased Assets as contemplated hereby and necessary to place the Buyer,
its officers, agents and employees in full possession and enjoyment of all the
Purchased Assets as contemplated hereby, including the following:
(a) The General ▇▇▇▇ of Sale and Assignment relating to the Purchased
Assets (the "▇▇▇▇ of Sale").
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(b) Such other documents (collectively, with the General Assignment and the
▇▇▇▇ of Sale, the "Ancillary Agreements") as the Buyer shall reasonably request.
4.3 Further Assurances. The Seller from time to time after the Effective
Date, at the Buyer's request, will execute, acknowledge and deliver to the Buyer
such other instruments of conveyance and transfer and will take such other
actions and execute and deliver such other documents, certifications and further
assurances as the Buyer may reasonably require in order to vest more effectively
in the Buyer, or to put the Buyer more fully in possession of, any of the
Purchased Assets. Each of the parties hereto will cooperate with the other and
execute and deliver to the other party hereto such other instruments and
documents and take such other actions as may be reasonably requested from time
to time by the other party as necessary to carry out, evidence and confirm the
intended purposes of this Agreement.
Section 5. Survival of Representations and Warranties; Indemnification.
5.1 Survival of Representations and Warranties and Covenants. The
representations, warranties, covenants, and obligations of the Buyer and the
Seller set forth in this Agreement and the Ancillary Agreements and in any
certificate, agreement, or instrument delivered in connection with the
transactions contemplated hereby or thereby shall survive the Effective Date for
three years.
5.2 Indemnification. Each party (the "Indemnifying Party") agrees to
defend, indemnify and hold the other party (the "Indemnified Party") harmless
from and against any damages, liabilities, losses and expenses (including
reasonable counsel fees and disbursements) of any kind or nature whatsoever
which may be sustained or suffered by the Indemnified Party based upon a breach
of any representation, warranty or covenant made by the Indemnifying Party in
this Agreement, the Ancillary Agreements or in any schedule, exhibit or
certificate delivered hereunder, or by reason of any claim, action or proceeding
asserted or instituted growing out of any matter or thing covered by such
representations, warranties or covenants.
Section 6. General Provisions.
6.1 Sales and Transfer Taxes. The Seller shall pay any and all taxes,
federal, state, or local, in the nature of income, sales, conveyance, recording,
or transfer taxes required to be paid in respect of the conveyance, assignment,
or transfer to the Buyer of the Purchased Assets and the filing and recording
thereof.
6.2 Amendment and Waiver. This Agreement may not be changed or terminated
orally. No waiver of compliance with any provision or condition hereof, and no
consent provided for herein, shall be effective unless evidenced by an
instrument in writing duly executed by the party hereto sought to be charged
with such waiver or
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consent.
6.3 Miscellaneous. The Section headings of this Agreement are for
convenience of reference only and do not form a part hereof and do not in any
way modify, interpret, or construe the intentions of the parties. This Agreement
may be executed in one or more counterparts and all such counterparts shall
constitute one and the same instrument. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware, without giving
effect to the conflict of laws principles thereof.
6.4 Binding Effect. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective administrators, legal
representatives, successors and permitted assigns.
6.5 Complete Agreement. This Agreement, the Ancillary Agreements and the
exhibits and schedules and other documents referred to herein contain the entire
agreement between the parties hereto with respect to the transactions
contemplated herein and supersede all previous negotiations, commitments, and
writings.
6.6 Notices. Any notice, report, demand, waiver, consent or other
communication given by a party under this Agreement (each a "notice") shall be
in writing, may be given by a party or its legal counsel, and shall deemed to be
duly given (a) when personally delivered, or (b) upon delivery by United States
Express Mail or similar overnight courier service which provides evidence of
delivery, or (c) when five (5) days have elapsed after its transmittal by
registered or certified mail, postage prepaid, return receipt requested,
addressed to the party to whom directed, or (d) when transmitted by telex (or
equivalent service), the sender having received the answerback of the addressee,
or (e) when delivered by facsimile transmission if a copy thereof is also
delivered in person or by overnight courier. Notices of address change shall be
effective only upon receipt notwithstanding the provisions of the foregoing
sentence.
6.7 Assignment. Except as expressly provided herein, this Agreement and any
rights pursuant hereto shall not be assignable by the Seller without the prior
written consent of the Buyer.
6.8 Severability. If any term or provision of this Agreement shall be held
to be invalid or unenforceable for any reason, such term or provision shall be
ineffective to the extent of such invalidity or unenforceability without
invalidating the remaining terms and provisions hereof, and this Agreement shall
be construed as if such invalid or unenforceable term or provisions had not been
contained herein.
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IN WITNESS WHEREOF, each of the parties has caused this Agreement to be
duly executed as of the date first above written.
OMEGA ORTHODONTICS, INC.
By: /s/ ▇. ▇. ▇▇▇▇▇▇▇▇
------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇▇▇
Title: President
THE ORTHODONTIC MANAGEMENT
EFFECTIVENESS GROUP OF AMERICA, LLC
By: /s/ ▇. ▇. ▇▇▇▇▇▇▇▇
------------------------------
Name: ▇. ▇. ▇▇▇▇▇▇▇▇
Title: Manager
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SCHEDULE 1.1 -- THE PURCHASED ASSETS
Internal Equipment value $3928.08
2 IBM Compatible 486 Computers
1 HP Laserject 5p Printer
1 HP Scanjet 3c Scanner
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SCHEDULE 1.4 -- THE CONTRACTS
Agent Agreement: Glovsky/Mayflower
Ancillary Agreements:
▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Consulting Services Agreements
▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
Agreement/Working Arrangements with Consultants
▇▇▇▇ ▇▇▇▇▇▇▇▇: Books at reduced rates plus $100 per month per practice
served; Scheduling at reduced rate -- $2,500 per practice
▇▇▇▇▇ ▇▇▇▇▇▇▇: $2,500 per in Practice Seminar, $300 per month for coaching
▇▇▇ ▇▇▇: $1,000 per practice survey
▇▇▇▇▇▇ ▇▇▇▇▇: $500 per month plus materials for promotional programs for
practices
Facilities -- Agreements to use home offices as company facilities
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SCHEDULE 3.1(f) -- INTELLECTUAL PROPERTY
Legal agreements and research with respect to MSO affiliations
Right to Exceptional Practice and Perpetual Practice concepts
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GENERAL ▇▇▇▇ OF SALE AND ASSIGNMENT
KNOW ALL MEN BY THESE PRESENTS, that as of the close of business on the
31st day of August, 1996, The Orthodontic Management Effectiveness Group of
America, LLC, a California limited liability company (the "Seller"), for good
and valuable consideration received on behalf of Omega Orthodontics, Inc., a
corporation formed under the laws of the State of Delaware (the "Buyer"), does
hereby grant, sell, convey, transfer, assign and deliver to Buyer, and Buyer
does hereby purchase from Seller all of Seller's right, title and interest in
those assets of Seller (the "Purchased Assets") described as being acquired by
Buyer on Schedule 1.1 attached hereto and incorporated herein by this reference.
Specifically excluded from the Purchased Assets being sold and assigned
hereunder are the "Excluded Assets" which are all the assets of Seller which are
not described on Schedule 1.1.
Anything herein to the contrary notwithstanding, no Purchased Assets shall
be deemed transferred or assigned pursuant to this instrument if any attempted
transfer or assignment of the same without the consent or approval of another
person or entity would in any way adversely affect the rights of Seller or Buyer
in the Purchased Assets. Seller covenants and agrees that in any such case the
beneficial interest in or to the Purchased Assets shall in any event pass
hereunder as of the date hereof to Buyer; and Seller covenants and agrees to use
its best efforts to obtain and secure any and all such consents and approvals
and take all actions necessary to put Buyer in actual possession and control of
the Purchased Assets purchased by Buyer.
Seller is lawfully seized of all the Purchased Assets and has clear title
to and good and lawful authority to convey the Purchased Assets to Buyer. The
Purchased Assets of Seller transferred, sold, assigned and conveyed to Buyer
hereby are free and clear of all liens, mortgages, encumbrances, claims,
conditional sales agreements, charges, security interests, rights of Seller and
any third party, rights of redemption, equities, and any other restrictions of
any kind and nature whatsoever.
Seller hereby irrevocably and unconditionally constitutes and appoints
Buyer (and its successors and assigns) the true and lawful attorneys of Seller
with full power of substitution and resubstitution on behalf of and for the
benefit of Seller and at the expense of Seller (i) to institute and prosecute
all proceedings which Buyer may deem necessary or proper in order to assert or
enforce any claim, right or title of any kind in or to the Purchased Assets
hereby
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sold, transferred or assigned, (ii) to defend and compromise any and all
actions, suits or proceedings in respect of any of the Purchased Assets hereby
sold, transferred or assigned and (iii) to take all such further acts and
actions in relation thereto as Buyer shall deem advisable. Seller covenants and
agrees that the foregoing powers are coupled with an interest and are and shall
be irrevocable.
Seller covenants and agrees that, at any time from time to time after the
delivery hereof, Seller will, upon the request of Buyer and at its expense,
execute, acknowledge and deliver, or will cause to be executed, acknowledged and
delivered, all such further deeds, assignments, transfers, conveyances, powers
of attorney or assurances and shall take or cause to be taken all such further
acts and actions as may be reasonably required for the better assigning,
transferring, granting, conveying, assuring and confirming to Buyer or for
aiding and assisting in the collection of or reducing to possession by Buyer of
any of the Purchased Assets hereby sold, transferred or assigned to Buyer.
This instrument and the covenants and agreements herein set forth shall
inure to the benefit of Buyer and its successors and assigns and shall be
binding upon Seller and its successors and assigns.
Seller will warrant and defend the sale of Purchased Assets against all and
every person or persons whomsoever claiming or to claim against any or all of
the same.
This instrument shall be governed by and construed in accordance with the
laws of the State of Delaware, without giving effect to the conflict of law
principles thereof.
IN WITNESS WHEREOF, Seller, intending to be legally bound, has executed and
delivered, or caused to be duly executed and delivered on its behalf by its duly
authorized representative, this General ▇▇▇▇ of Sale and Assignment as of the
day and date first above set forth.
ATTEST: THE ORTHODONTIC MANAGEMENT
EFFECTIVENESS GROUP OF AMERICA, LLC
By /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ By: /s/ ▇. ▇. ▇▇▇▇▇▇▇▇
--------------------- ----------------------
Name: ▇. ▇. ▇▇▇▇▇▇▇▇
Its: Manager
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SCHEDULE 1.1 -- THE PURCHASED ASSETS
Internal Equipment value $3928.08
2 IBM Compatible 486 Computers
1 HP Laserject 5p Printer
1 HP Scanjet 3c Scanner
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