ASSET PURCHASE AGREEMENT among TROPICAL SPORTSWEAR INT’L CORPORATION SAVANE INTERNATIONAL CORP., TSI BRANDS, INC., TSIL, INC., APPAREL NETWORK CORP., FARAH OFFSHORE SOURCING COMPANY, FARAH MANUFACTURING (U.K.) LIMITED and PERRY ELLIS INTERNATIONAL,...Asset Purchase Agreement • December 16th, 2004 • Perry Ellis International Inc • Men's & boys' furnishgs, work clothg, & allied garments • Florida
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of December 16, 2004, by and among Tropical Sportswear Int’l Corporation, a Florida corporation (“TSIC”), Savane International Corp., a Texas corporation and a wholly owned subsidiary of TSIC (“Savane”), TSI Brands, Inc., a Delaware corporation and an indirect wholly owned subsidiary of TSIC (“TSI”), Apparel Network Corp., a Florida corporation and a wholly owned subsidiary of TSIC (“Apparel Network”), TSIL, Inc., a Delaware corporation and wholly owned subsidiary of TSI (“TSIL”), Farah Offshore Sourcing Company, a Cayman Islands corporation and an indirect wholly owned subsidiary of TSIC (“Farah”) (each of TSIC, TSI, Apparel Network, TSIL and Farah, individually, a “Seller”, and collectively, the “Sellers”), Farah Manufacturing (U.K.) Limited, a United Kingdom private limited company (the “Purchased Subsidiary”), and Perry Ellis International, Inc., a Florida corporation (the “Purchaser”).
