Common Contracts

ASSET PURCHASE AGREEMENT

Asset Purchase Agreement • November 27th, 2009 • Minnesota

• Contract Type
  Asset Purchase Agreement
• Filed
  November 27th, 2009
• Jurisdiction
  Minnesota

THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of November 27, 2009 (the “Execution Date”), is made by and among GENMAR HOLDINGS, INC., a Delaware corporation (“GHI”), GENMAR INDUSTRIES, INC., a Delaware corporation (“Genmar Industries”), GENMAR IP, L.L.C., a Delaware limited liability company (“Genmar IP”), GENMAR MICHIGAN, L.L.C., a Delaware limited liability company (“Genmar Michigan”), GENMAR MINNESOTA, INC., a Delaware corporation (“Genmar Minnesota”), GENMAR TENNESSEE, INC., a Delaware corporation (“Genmar Tennessee”), GENMAR TRANSPORTATION, INC., a Delaware corporation (“Genmar Transport”), WOOD MANUFACTURING COMPANY, INC., an Arkansas corporation (“Wood”; and, together with GHI, Genmar Industries, Genmar IP, Genmar Michigan, Genmar Minnesota, Genmar Tennessee, and Genmar Transport, the “Sellers” and each, individually, a “Seller”), and Project Boat Holdings, LLC, a Delaware limited liability company (“Buyer”). Capitalized terms used in this Agreement are defined or