ASSET PURCHASE AGREEMENTAsset Purchase Agreement • July 15th, 2019 • Rent a Center Inc De • Services-equipment rental & leasing, nec • Delaware
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of July 12, 2019, is by and among C/C Financial Corp., a Delaware corporation (“C/C”), MPLPS II Holdings, LLC, a Delaware limited liability company (“Holdings”), MPLPS II, LLC, a Delaware limited liability company (“MPLPS”), MP Lease-Purchase Services, Inc., a Delaware corporation (“LPS”), Synterra Capital Management LLC, in its capacity as the representative of Sellers appointed pursuant to Section 8.10 of this Agreement (“Representative”), solely for the purposes set forth in Section 1.4, Rent-A-Center, Inc., a Delaware corporation (“RAC”), and Braveheart Acquisition, LLC, a Delaware limited liability company (“Purchaser”). C/C, Holdings, MPLPS and LPS are sometimes referred to in this Agreement collectively as “Sellers” and each individually as a “Seller.” Sellers, Representative, RAC and Purchaser are sometimes referred to in this Agreement collectively as the “Parties” and each individually as a “Party.”
RENT-A-CENTER Enters Into Definitive Agreement to Acquire Merchants Preferred, a Nationwide Virtual Rent-to-Own ProviderRent a Center Inc De • July 15th, 2019 • Services-equipment rental & leasing, nec
Plano, Texas, July 15, 2019 - Rent-A-Center, Inc. (NASDAQ: RCII) (“Rent-A-Center” or the “Company”) today announced that it has entered into a definitive agreement to acquire substantially all of the assets of C/C Financial Corp. dba Merchants Preferred (“Merchants Preferred”), a nationwide provider of virtual rent-to-own services.
