ASSET PURCHASE AND SALE AGREEMENT BY AND AMONG JPI CDI (HK) LIMITED, JPI/VII ACQUISITION CORP., JAKKS PACIFIC, INC., CREATIVE DESIGNS INTERNATIONAL, LTD., ARBOR TOYS COMPANY LIMITED, GEOFFREY GREENBERG, AND STEPHANIE COEAsset Purchase and Sale Agreement • January 24th, 2006 • Jakks Pacific Inc • Games, toys & children's vehicles (no dolls & bicycles) • New York
THIS ASSET PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of January 18, 2006 (the “Execution Date”), is by and among JPI CDI (HK) LIMITED, a Hong Kong corporation (“JAKKS HK”), JPI/VII ACQUISITION CORP., a Delaware corporation (“JAKKS US” and, together with JAKKS HK, the “Purchasers”), both of which are wholly-owned subsidiaries of JAKKS Pacific, Inc., a Delaware corporation (“JAKKS”), JAKKS, CREATIVE DESIGNS INTERNATIONAL, LTD., a Pennsylvania corporation (the “Company”), ARBOR TOYS COMPANY LIMITED, a Hong Kong corporation (“CDI Hong Kong” and, together with the Company, the “Sellers”), GEOFFREY GREENBERG, an individual residing at 5 Casey Court, Newtown, Pennsylvania 18940 (hereafter referred to as “Geoffrey”), and STEPHANIE COE, an individual residing at 450 Scott Court, Yardley, Pennsylvania 19067 (hereafter referred to as “Stephanie” and, together with Geoffrey, the “Stockholders”).
