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EXHIBIT 10-2
XXXX OF SALE
THIS XXXX OF SALE made as of the 25th day of May, 2004, by and
between GBC Liquidating Corp., a New York corporation (the "Seller"), and St.
Xxxx Associates, LLC, a New York limited liability company (the "Buyer").
WITNESSETH:
That Seller, pursuant to the Note Purchase Agreement, dated as of May
25, 2004, between Seller and Buyer (the "Agreement"), for and in consideration
of the purchase price and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, does hereby (a) grant, bargain,
sell, assign, convey, transfer and deliver, without recourse, unto Buyer, its
successors and assigns, all right, title and interest of Seller in, to, under
and by virtue of the properties and assets, all as the same exist on the date
hereof (the "Assets"), described on Schedule A attached; and (b) authorize Buyer
to file amendments to all financing statements filed in New York State showing
High Falls Brewing Company, LLC as debtor and Seller as secured party of record,
which amendments shall assign to Buyer all of Seller's rights under such
financing statements:
TO HAVE AND TO HOLD the Assets hereby sold and transferred to the Buyer
and its successors and assigns FOREVER.
[Signature Page Follows]
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IN WITNESS WHEREOF, the parties hereto have caused this Xxxx of Sale to
be duly executed and attested, all as of the day and year first above written.
Attest: SELLER:
GBC Liquidating Corp.
__________________________
By: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: Vice President & CFO
Attest: BUYER:
St. Xxxx Associates, LLC
__________________________
By: /s/ Xxxxxx X. Xxxxxxx, Xx.
Name: Xxxxxx X. Xxxxxxx, Xx.
Title: President
State of )
County of ) ss:
On the _____ day of ___________________ in the year 20___, before me,
the undersigned, a Notary Public in and for said State, personally appeared
__________________________________________, personally known to me or proved to
me on the basis of satisfactory evidence to be the individual(s) whose name(s)
is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their capacity(ies), and that by
his/her/their signature(s) on the instrument, the individual(s), or the person
upon behalf of which the individual(s) acted, executed the instrument.
________________________________
Notary Public
State of )
County of ) ss:
On the _____ day of ___________________ in the year 20___, before me, the
undersigned, a Notary Public in and for said State, personally appeared
__________________________________________, personally known to me or proved to
me on the basis of satisfactory evidence to be the individual(s) whose name(s)
is/are subscribed to the
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within instrument and acknowledged to me that he/she/they executed the same in
his/her/their capacity(ies), and that by his/her/their signature(s) on the
instrument, the individual(s), or the person upon behalf of which the
individual(s) acted, executed the instrument.
________________________________
Notary Public
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SCHEDULE A
1. Security Agreement dated as of December 15, 2000 between HFBC
and The Genesee Brewery, Inc.
2. Contingent Trademark Assignment dated as of December 15, 2000
between HFBC and The Genesee Brewing Company, Inc.
3. Security Agreement Amendment No. 1 between The Genesee Brewing
Company, Inc. and HFBC dated as of July 30, 2002.
4. All financing statements filed by GBC against HFBC.
5. Amended and Restated Subordinated Promissory Note of even date
with this Xxxx of Sale in the principal amount of $4,000,000, executed by High
Falls Brewing Company, LLC, as Maker, and payable to GBC Liquidating Corp., as
Payee.
