ASSET PURCHASE AGREEMENT by and among LUBY’S, INC., FUDDRUCKERS, INC., MAGIC BRANDS, LLC, ATLANTIC RESTAURANT VENTURES, INC., R. WES, INC., FUDDRUCKERS OF HOWARD COUNTY, LLC and FUDDRUCKERS OF WHITE MARSH, LLCAsset Purchase Agreement • June 29th, 2010 • Lubys Inc • Retail-eating places • Delaware
This ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into and dated as of June 23, 2010 (the “Effective Date”), by and among Luby’s, Inc., a Delaware corporation (the “Purchaser”), Fuddruckers, Inc., a Texas corporation (“Fuddruckers”), Magic Brands, LLC, a Delaware limited liability company (“Magic”, and together with Fuddruckers, collectively, the “Company”), Atlantic Restaurant Ventures, Inc., a Virginia corporation (“ARVI,” and together with each of Magic and Fuddruckers, the “Debtors”), R. Wes, Inc., a Texas corporation (“R. Wes”), Fuddruckers of Howard County, LLC, a Maryland limited liability company (“Howard County”), and Fuddruckers of White Marsh, LLC, a Maryland limited liability company (“White Marsh,” and together with R. Wes and Howard County, the “Non-Debtor Sellers,” and the Non-Debtor Sellers together with the Debtors, each a “Seller” and, collectively, the “Sellers”).
