PROGRAM AGREEMENT TERM SHEETProgram Agreement Term Sheet • December 15th, 2003 • Ikon Office Solutions Inc • Wholesale-computers & peripheral equipment & software • New York
The parties agree that it is a condition precedent to the Closing under the Asset Purchase Agreement that GE and IKON enter into documentation with respect to a Customer financing program on terms mutually acceptable to GE and IKON. The terms of such Customer financing program will include, among others, those set forth in this Term Sheet. Notwithstanding the foregoing, each of GE and IKON acknowledge and agree (and it shall be a condition precedent to the Closing) that following the date hereof, this Term Sheet shall be modified in a manner mutually satisfactory to GE and IKON to take into account and (a) provide for the origination and servicing of Financing Contracts under the Program with Customers at locations in Canada (including without limitation, by implementing the Canadian Program Modifications), (b) provide for the origination of Financing Contracts under the Program in respect of which the Equipment subject thereto is, as is the case for IOS Capital’s “Customer Direct Prog
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • December 15th, 2003 • Ikon Office Solutions Inc • Wholesale-computers & peripheral equipment & software • New York
This ASSET PURCHASE AGREEMENT, dated December 10, 2003, is by and among GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (the “Purchaser”), IKON OFFICE SOLUTIONS, INC., an Ohio corporation (the “Seller”), and IOS CAPITAL, LLC, a Delaware limited liability company (“IOS Capital”), each of which agrees as follows:
