ASSET PURCHASE AGREEMENTAsset Purchase Agreement • September 25th, 2009 • Custom Restaurant & Hospitality Group, Inc. • Crude petroleum & natural gas • California
THIS ASSET PURCHASE AGREEMENT, dated as of September 16, 2009, is made by and among American Restaurant Concepts, Inc., a Nevada corporation (the “Purchaser”), The Custom Restaurant & Hospitality Group, a Nevada corporation (“Parent”), and Millie’s, Inc., a California corporation (the “Seller”). The Seller and the Purchaser are referred to herein collectively as the “Parties” and individually as a “Party.” In addition, the Purchaser Guarantors are each a party to this Agreement solely with respect to their obligations under Section 9.3(d). Certain capitalized terms used herein are defined in Article I below.
