ASSET PURCHASE AGREEMENT by and among RE/MAX of New Jersey, Inc., RE/MAX, LLC, and Stockholders dated as of November 3, 2016Asset Purchase Agreement • November 3rd, 2016 • RE/MAX Holdings, Inc. • Real estate agents & managers (for others) • Colorado
This Asset Purchase Agreement (this “Agreement”), dated as of November 3, 2016, is entered into by and among RE/MAX of New Jersey, Inc., a New Jersey corporation (“Seller”), RE/MAX, LLC, a Delaware limited liability company (“Buyer”), Joseph L. Ventresca and Jeffrey L. Snyder (together, the “Principals” and each, a “Principal”), and the Maximum Family Trust, a New Jersey trust (the “Maximum Trust”) (the Principals, and the Maximum Trust if and when it becomes an owner of shares of Seller, being referred to herein, collectively, as the “Stockholders”).
RE/MAX, LLC Agrees to Purchase RE/MAX New Jersey Master FranchiseRE/MAX Holdings, Inc. • November 3rd, 2016 • Real estate agents & managers (for others)
DENVER, Nov. 3, 2016 /PRNewswire/ -- RE/MAX, LLC, the global real estate franchisor headquartered in Denver, Colo., has signed an agreement to purchase the Master Franchise for the state of New Jersey from RE/MAX of New Jersey, Inc. The announcement comes less than six months after RE/MAX, LLC purchased the Master Franchise rights for Alaska and eight months after the company reacquired RE/MAX New York.
