ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT
(this "Agreement") is dated November 1, 2006, between Visitrade, a
Florida company (the "Company"), and Square Shooter, Incorporated
(Purchaser").
WHEREAS, subject to the terms
and conditions set forth in this Agreement, the Company desires sell to the
Purchaser, and the Purchaser desire to acquire from the Company, the assets set
forth herein;
IN CONSIDERATION of the mutual
covenants contained in this Agreement, the Company and Purchaser agree as
follows:
ARTICLE
I
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PURCHASE
AND SALE OF THE SHARES
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1.1
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Purchase and
Sale.
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(a)
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Subject
to the terms and conditions set forth herein, the Company shall sell to
the Purchaser, and the Purchaser shall purchase from the Company all of
the assets of the Company free and clear of any leans or encumbrances on
the Closing Date (as defined
below),
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(b)
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Purchaser
shall purchase such assets and Purchaser shall deliver to the Company the
purchase price for such assets as set forth in Exhibit
A.
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1.2
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The
Closing.
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(a)
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The
Closing. The closing of the purchase and sale of the Assets (the
"Closing") shall take place at the offices of Xxxxxxxx Stichtman, Esq.,
closing shall take place on or before Thursday November 2, 2006 or this
Agreement is null and void. The conditions set forth in Section
4.1 shall be satisfied or waived by the appropriate party prior to that
date. At the Closing:
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(i)
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the
Purchaser shall deliver to the Company, after a 1 share for 5 share
reverse stock split, an aggregate of 19,852,723 common restricted shares
of the Purchaser;
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(ii)
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at
Closing Date the Company shall deliver to Purchaser the all appropriate
ownership documents for the Assets
purchased.
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(iii)
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the
parties shall execute and deliver each of the documents referred to in
Section 4.1 hereof;
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ARTICLE
II
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REPRESENTATIONS
AND WARRANTIES
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2.1 Representations, Warranties
and Agreements of the Company.
The
Company hereby makes the following representations and warranties to the
Purchaser:
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(a)
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Organization
and Qualification. The Company is a company, validly existing and in good
standing under the laws of the State of Florida, with the requisite
corporate power and authority to own and use its properties and assets and
to carry on its business as currently conducted. Except as set forth
herein, the Company has no subsidiaries (collectively, the
"Subsidiaries"). Company is duly qualified to do business
and is in good standing as a corporation in each jurisdiction in which the
nature of the business conducted or property owned by it makes such
qualification necessary, except where the failure to be so qualified or in
good standing, as the case may be, would not, individually or in the
aggregate, (1) adversely affect the legality, validity or enforceability
of any of this Agreement or the Transaction Documents (as defined below)
or any of the transaction contemplated thereby, (2) have or result in a
material adverse effect on the results of operations, assets, prospects,
or financial condition of the Company and its Subsidiaries, taken as a
whole or (3) adversely impair the Company's ability to perform fully on a
timely basis its obligations under any Transaction Document (any of (1),
(2) or (3), being a "Material Adverse
Effect").
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(b)
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Authorization;
Enforcement. The Company has the requisite corporate power and authority
to enter into and to consummate the transaction contemplated by this
Agreement, and otherwise to carry out its obligations
hereunder. The execution and delivery of each of this Agreement
by the Company and the consummation by it of the transactions contemplated
hereby have been duly authorized by all necessary corporate action and no
further action is required by the Company, its Board of Directors or its
stockholders. This Agreement have been duly executed by the
Company and when delivered in accordance with the terms hereof will
constitute the valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation or similar laws relating to, or
affecting generally the enforcement of, creditors' rights and remedies or
by other equitable principles of general
application.
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(c)
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No
Conflicts. The execution, delivery and performance of this Agreement by
the Company and the consummation by the Company of the transactions
contemplated hereby (including the sale of the Underlying Assets) do not
and will not,
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(1)
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conflict
with or violate any provision of the Articles of Incorporation, bylaws or
other charter documents of the Company or any of the
Subsidiaries,
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(2)
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result
in a violation of any law, rule, regulation, order, judgment, injunction,
decree or other restriction of any court or governmental authority to
which the Company is subject (including Federal and state assets laws and
regulations), or by which any material property or asset of the Company or
any Subsidiary is bound or
affected.
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(d)
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Consents
and Approvals. Except as specifically set forth in this Section, the
Company is not required to obtain any consent, waiver, authorization or
order of, give any notice to, or make any filing or registration with, any
court or other federal, state, local or other governmental authority or
other person in connection with the execution, delivery and performance by
the Company of this Agreement, other
than
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(1)
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the
approval of the Company's Board of
Directors,
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(2)
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any
filings, notices or registrations under applicable state assets laws
(together with the consents, waivers, authorizations, orders, notices and
filings referred to in Section 2.1(f), the "Required
Approvals").
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(e)
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Litigation;
Proceedings. Except as specifically set forth in Section 2.1(g), there is
no action, suit, notice of violation, proceeding or investigation pending
or, to the knowledge of the Company, threatened against or affecting the
Company or any of their respective properties before or by any court,
governmental or administrative agency or regulatory authority (federal,
state, county, local or foreign)
which
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(1)
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adversely
affects or challenges the legality, validity or enforceability of any of
this Agreement or
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(2)
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would
individually or in the aggregate, have a Material Adverse Effect upon the
Company.
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(f)
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No
Default or Violation. The Company:
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(1)
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is
not in default under or in violation or breach of any indenture, loan or
credit agreement or any other agreement or instrument to which it is a
party or by which it or any of its properties is
bound,
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(2)
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is
not in violation of any order of any court, arbitrator or governmental
body applicable to it, or
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(3)
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is
not in violation of any statute, rule or regulation of any governmental
authority to which it is subject.
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(g)
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Disclosure;
Absence of Certain Changes. Neither this Agreement, the Exhibits to this
Agreement, contains any untrue statement of a material fact or omits to
state any material fact necessary in order to make the statements made
herein and therein, in light of the circumstances under which they were
made, not misleading. Except as disclosed in herein, there has been no
material adverse change and no material adverse development in the
business, properties, operations, financial condition, liabilities or
results of operations or, insofar as can reasonably be foreseen, prospects
of the Companies. The Company has not taken any steps, and does
not currently expect to take any steps, to seek protection pursuant to any
bankruptcy law nor does the Company have any knowledge or reason to
believe that its creditors intend to initiate involuntary bankruptcy
proceedings. No event, liability, development or circumstance has occurred
or exists, or is contemplated to occur, with respect to the Company or
their respective business, properties, operations or financial condition
or, insofar as can reasonably be foreseen, prospects, that would be
required to be disclosed by the Company on a registration statement
(including by way of incorporation by reference) filed with the SEC, on
the date this representation is made or deemed to be
made.
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(h)
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Investment
Company. The Company is not, and is not
controlled by or under common control with an affiliate (an "Affiliate")
of an "investment company" within the meaning of the Investment Company
Act of 1940, as amended.
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(i)
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Broker's
Fees. No fees or commissions or similar payments with respect to the
transactions contemplated by this Agreement or the Transaction Documents
have been paid or will be payable by the Company to any broker, financial
advisor, finder, investment banker, or bank. The Purchasers shall have no
obligation with respect to any fees or with respect to any claims made by
or on behalf of other Persons for fees of a type contemplated in this
Section 2.1(n) that may be due in connection with the transactions
contemplated by this Agreement.
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(j)
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Patents
and Trademarks. The Company has, or has right to use, all patents, patent
applications, trademarks, trademark applications, service marks, trade
names, copyrights, licenses and rights (collectively, the "Intellectual
Property Rights") which are necessary for use in connection with its
business. To the best knowledge of the Company, there is no
existing infringement by another Person of any of the Intellectual
Property Rights which are necessary for use in connection with the
Company's business which would individually or in the aggregate, have a
Material Adverse Effect and the Company is not infringing on any other
person's Intellectual Property
Rights.
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(k)
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Employee
Relations. The Company is not involved in any union labor dispute nor, to
the knowledge of the Company, is any such dispute
threatened. The Company is not party to a collective bargaining
agreement, and the Company believes that relations with their employees are
good. Except as set forth herein, no executive officer (as defined in Rule
501(f) of the Assets Act) has notified the Company that such officer
intends to leave the Company or otherwise terminate such officer's
employment with the Company.
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(l)
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Permits.
Except as set forth herein, the Company possess all certificates,
authorizations, licenses, easements, consents, approvals, orders and
permits necessary to own, lease and operate their respective properties
and to conduct their respective businesses as currently conducted except
where the failure to possess such permits would not, individually or in
the aggregate, have a Material Adverse Effect on the Company ("Material
Permits"), and there is no proceeding pending, or, to the knowledge of the
Company, threatened relating to the revocation, modification, suspension
or cancellation of any Material Permit. Neither the Company nor any of the
Subsidiaries is in conflict with or default or violation of any Material
Permit.
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(m)
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Internal
Accounting Controls. The Company maintains a system of internal accounting
controls sufficient to provide reasonable assurance that all
transactions are executed in accordance with management's general or
specific authorizations,
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(1)
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transactions
are recorded as necessary to permit preparation of financial statements in
conformity with generally accepted accounting principles and to maintain
asset accountability,
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(2)
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access
to assets is permitted only in accordance with management's general or
specific authorization and
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(n)
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Tax
Status; FIRPTA. The Company has made or filed all federal and state income
and all other tax returns, reports and declarations required by any
jurisdiction to which it is subject (unless and only to the extent that
the Company has set aside on its books provisions reasonably adequate for
the payment of all unpaid and unreported taxes) and has paid all taxes and
other governmental assessments and charged that are material in amount,
shown or determined to be due on such returns, reports and declarations,
except those being contested in good faith and has set aside on it books
provisions reasonably adequate for the payment of all taxes for periods
subsequent to the periods to which such returns, reports or declarations
apply. There are no unpaid taxes in any material amount claimed to be due
by the taxing authority of any jurisdiction, and the officers of the
Company know of no basis for any such claim. The Company is not a "United
States real property holding corporation" within the meaning of Section
847 (c) (2) of the Internal Revenue Code of 1986, as
amended.
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(o)
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Transactions
With Affiliates. None of the officers, directors, or employees of the
Company is presently a party to any transaction with the Company (other
than for services as employees, officers and directors), including any
contract, agreement or other arrangement providing for the furnishing of
services to or by, providing for rental of real or personal property to or
from, or otherwise requiring payments to or from any officer, director or
such employee or, to the knowledge of the Company, any corporation,
partnership, trust or entity in which any officer, director, or any such
employee has a substantial interest or is an officer, director, trustee or
partner other than transactions that would not require disclosure under
Section 404 of Regulation S-K of the Assets Act and the Exchange
Act.
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(p)
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Foreign
Corrupt Practices. Neither the Company, nor any director, officer, agent,
employee or other person acting on behalf of the Company has, in the
course of its actions for, or on behalf of, the Company used any corporate
funds for any unlawful contribution, gift, entertainment or other unlawful
expenses relating to political activity; made any direct or indirect
unlawful payment to any foreign or domestic government official or
employee from corporate funds; materially violated or is in material
violation of any provision of the U.S. Foreign Corrupt Practices Act of
1977, as amended; or made any unlawful bribe, rebate, payoff, influence
payment, kickback or other unlawful payment to any foreign or domestic
government official or employee.
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2.2 Representations and
warranties of the Purchasers.
Purchaser
represents and warrants to the Company as follows:
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(a)
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Organization;
Authority. Such Purchaser is a corporation duly formed, validly existing
and in good standing under the laws of the jurisdiction of the State of
Nevada, with the requisite power and authority, corporate or otherwise, to
enter into and to consummate the transactions contemplated hereby and
otherwise to carry out its obligations hereunder. The purchase by such
Purchaser of the Assets hereunder has been duly authorized by all
necessary action on the part of such Purchaser. This Agreement has been
duly executed and delivered by such Purchaser and constitutes the valid
and legally binding obligation of such Purchaser, enforceable against such
Purchaser in accordance with its terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of
general applicability relating to or affecting creditors' rights generally
and to general principles of
equity.
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(b)
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Reliance.
Purchaser understands and acknowledges
that
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(1)
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the
Assets are being offered and sold to the Purchaser without registration
under the Assets Act in a private placement that is exempt from the
registration provisions of the Assets Act under Section 4(2) of the Assets
Act or Regulation D promulgated thereunder
and
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(2)
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the
availability of such exemption, depends in part on, and the Company will
rely upon the accuracy and truthfulness of, the representations set forth
in this Section 2.2 and such Purchaser hereby consents to such reliance.
The Company acknowledges and agrees that the Purchaser make no
representations or warranties with respect to the transactions
contemplated hereby other than those specifically set forth in this
Section 2.2.
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ARTICLE III OTHER
AGREEMENTS
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3.1
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Notice of
Breaches.
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(a)
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The
Company and Purchaser shall give prompt written notice to the other of any
breach by it of any representation, warranty or other agreement contained
in this Agreement or in the Registration Rights Agreement, as well as any
events or occurrences arising after the date hereof and prior to the
Closing Date, as applicable, which would reasonably be likely to cause any
representation or warranty or other agreement of such party, as the case
may be, contained herein to be incorrect or breached as of such Closing
Date provided such notice will not constitute material non-public
information.
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(b)
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The
Company shall promptly notify, provided such notification will not
constitute material non-public information, Purchaser of any notice or
claim (written or oral) that it receives from any lender of the Company to
the effect that the consummation of the transactions contemplated hereby
violates or would violate any written agreement or understanding between
such lender and the Company, promptly furnish by facsimile to the
Purchasers a copy of any written statement in support of or relating to
such claim or notice.
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3.2
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Reimbursement.
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In the event that either party hereto,
other than by reason of its gross negligence or willful misconduct, becomes
involved in any capacity in any action, proceeding or investigation brought by
or against any person, including shareholders of the Company, in connection with
or as a result of
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(a)
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any
misrepresentation or breach of any representation or warranty made by such
party in this Agreement or any other certificate, instrument or document
contemplated hereby or thereby,
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(b)
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any
breach of any covenant, agreement or obligation of such party contained in
this Agreement or any other certificate, instrument or document hereby or
thereby, or
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(c)
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any
cause of action, suit or claim brought or made against such Party and
arising out of or resulting from the execution, delivery, performance or
enforcement of this Agreement or the Transaction Documents or any other
certificate, instrument or document contemplated hereby or thereby, the
other party will reimburse such Party for its legal and other actual
out-of-pocket expenses (including the cost of any investigation and
preparation) incurred in connection therewith. To the extent
that the foregoing undertaking by the parties may be unenforceable for any
reason, the obligating party shall make the maximum contribution to the
payment and satisfaction of its obligations hereunder which is permissible
under applicable law.
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ARTICLE
IV CONDITIONS
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(a)
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Conditions
Precedent to the Obligation of the Company to Sell the Assets. The
obligation of the Company to sell the Assets hereunder is subject to the
reliance and satisfaction or waiver (with prior written notice to
Purchaser) by the Company, at or before the Closing, of each of the
following conditions:
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(1)
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Accuracy
of the Purchasers' Representations and Warranties. The representations and
warranties of each Purchaser in this Agreement shall be true and correct
in all material respects as of the date when made and as of the Closing
Date;
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(2)
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Performance
by the Purchasers. Purchaser shall have performed, satisfied and complied
in all material respects with all covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by
such Purchaser at or prior to the Closing;
and
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(3)
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No
Injunction. No statute, rule, regulation, executive order, decree, ruling
or injunction shall have been enacted, entered, promulgated or endorsed by
any court or governmental authority of competent jurisdiction which
prohibits the consummation of any of the transactions contemplated by this
Agreement or the Transaction
Documents.
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(b)
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Conditions
Precedent to the Obligation of the Purchaser to Purchase the Assets. The
obligation of Purchaser hereunder to acquire and pay for the Assets is
subject to the satisfaction or waiver by such Purchaser, at or before the
Closing, of each of the following
conditions:
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(1)
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Accuracy
of the Company's Representations and Warranties. The representations and
warranties of the Company set forth in this Agreement and in the
Registration Rights Agreement shall be true and correct in all respects as
of the date when made and as of the Closing
Date;
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(2)
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Performance
by the Company. The Company shall have performed, satisfied and complied
in all respects with all covenants, agreements and conditions required by
this Agreement to be performed, satisfied or complied with by the Company
at or prior to the Closing;
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(c)
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No
Injunction. No statute, rule, regulation, executive order, decree, ruling
or injunction shall have been enacted, entered, promulgated or endorsed by
any court or governmental authority of competent jurisdiction which
prohibits the consummation of any of the transactions contemplated by this
Agreement and the Transaction
Documents;
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(d)
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Required
Approvals. All Required Approvals shall have been
obtained.
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(e)
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Documents
and Certificates. At the Closing, the Company shall have delivered to the
Purchaser, the following in form and substance reasonably satisfactory to
the Purchaser:
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(1)
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Secretary's
Certificate. A Secretary's Certificate dated the Closing Date and signed
by the Secretary or Assistant Secretary of the Company
certifying
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(i)
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that
attached thereto is a true and complete copy of the Certificate of
Incorporation of the Company, as in effect on the Closing
Date,
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(ii)
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that
attached thereto is a true and complete copy of the by-laws of the
Company, as in effect on the Closing Date
and
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(iii)
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that
attached thereto is a true and complete copy of the resolutions duly
adopted by the Board of Directors of the Company authorizing the
execution, delivery and performance this Agreement, and that such
resolutions have not been modified, rescinded or
revoked.
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ARTICLE
V MISCELLANEOUS
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5.1
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Fees and
Expenses.
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Except as set forth in this Agreement,
each party shall pay the fees and expenses of its advisers, counsel, accountants
and other experts, if any, and all other expenses incurred by such party
incident to the negotiation, preparation, execution, delivery and performance of
this Agreement. The Company shall pay all stamp and other taxes and duties
levied in connection with the sale of the Assets.
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5.2
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Entire Agreements
Amendments.
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This
Agreement, together with the Exhibits hereto contain the
entire understanding of the parties with respect to the subject matter hereof
and supersede all prior agreements and understandings, oral or written, with
respect to such matters.
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5.3
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Notices.
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Any notice or other communication
required or permitted to be given hereunder shall be in writing and shall be
deemed to have been received
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(a)
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upon
hand delivery (receipt acknowledged) or delivery by telex (with correct
answer back received), telecopy or facsimile (with transmission
confirmation report) at the address or number designated below (if
received by 7:00 p.m. EST where such notice is to be received), or the
first business day following such delivery (if delivered on a business day
after during normal business hours where such notice is to be received)
or
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(b)
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on
the second business day following the date of mailing by express courier
service, fully prepaid, addressed to such address, or upon actual receipt
of such mailing, whichever shall first occur. The addresses for such
communications are
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(1)
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if
to the Company, to:
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Visitrade,
LLC
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(2)
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if
to the Purchaser, to:
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Square
Shooter Incorporated
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5.4
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Amendments;
Waivers.
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No provision of this Agreement may be
waived or amended except in a written instrument signed, in the case of an
amendment, by both the Company and the Purchaser; or, in the case of a waiver,
by the party against whom enforcement of any such waiver is sought. No waiver of
any default with respect to any provision, condition or requirement of this
Agreement shall be deemed to be a continuing waiver in the future or a waiver of
any other provision, condition or requirement hereof, nor shall any delay or
omission of either party to exercise any right hereunder in any manner impair
the exercise of any such right accruing to it thereafter.
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5.5
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Headings; Interpretive
Matters.
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The headings herein are for convenience
only, do not constitute a part of this Agreement and shall not be deemed to
limit or affect any of the provisions hereof. No provision of this Agreement
will be interpreted in favor of, or against, any of the parties hereto by reason
of the extent to which any such party or its counsel participated in the
drafting thereof or by reason of the extent to which any such provision is
inconsistent with any prior draft hereof or thereof.
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5.6
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Successors and
Assigns.
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This Agreement shall be binding upon
and inure to the benefit of the parties and their successors and permitted
assigns. The Company may not assign this Agreement or any rights or obligations
hereunder without the prior written consent of the Purchaser. The Purchaser may
assign this Agreement or any rights or obligations hereunder without the prior
written consent of the Company, except that any assignees must make the
representations and warranties set forth in Section 2.2 and otherwise comply
with the terms of this Agreement otherwise applicable to its assignor. This
provision shall not limit a Purchaser's right to transfer assets in accordance
with all of the terms of this Agreement or under the Registration Rights
Agreement.
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5.7
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No
Third-Party
Beneficiaries.
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This Agreement is intended for the
benefit of the parties hereto and their respective permitted successors and
assigns and is not for the benefit of, nor may any provision hereof be enforced
by, any other person.
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5.8
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Governing
Law.
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This Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Nevada without regard to the principles of conflicts of law thereof. Each party
hereby irrevocably submits to the nonexclusive jurisdiction of the state and
federal courts sitting in the City of Las Vegas, Nevada, for the adjudication of
any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and
agrees not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, that such suit, action
or proceeding is improper. Each party hereby irrevocably waives personal service
of process and consent to process being served in any such suit, action or
proceeding by mailing a copy thereof to such party at the address for such
notices to it under this Agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained
herein shall be deemed to limit in any way any right to serve process in any
manner permitted by law.
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5.9
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Survival.
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The agreements, covenants,
representations, warranties and provisions contained in this Agreement shall
survive the delivery of the Assets pursuant to this Agreement.
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5.10
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Execution.
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This Agreement may be executed in two
or more counterparts, all of which when taken together shall be considered one
and the same agreement and shall become effective when counterparts have been
signed by each party and delivered to the other party, it being understood that
both parties need not sign the same counterpart. In the event that any signature
is delivered by facsimile transmission, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is
executed) the same with the same force and effect as if such facsimile signature
page were an original thereof.
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5.11
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Publicity.
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The Company and the Purchaser shall
consult with each other in issuing any press releases or otherwise making public
statements with respect to the transactions contemplated hereby and neither
party shall issue any such press release or otherwise make any such public
statement without the prior written consent of the other, which consent shall
not be unreasonably withheld or delayed, except that no prior consent shall be
required if such disclosure is required by law, in which such case the
disclosing party shall provide the other party with prior notice of such public
statement. The Company shall not publicly or otherwise disclose the name of the
Purchaser without Purchaser's prior written consent. The Purchaser and its
affiliated companies shall, without further cost, have the right to use in its
advertising, marketing or other similar materials all or parts of the Company’s
press releases that focus on the Transaction forming the subject matter of this
Agreement or which make reference to the Transaction. The Purchaser understand
that this grant by the Company only waives objections that the Company might
have to the use of such materials by the Purchaser and in no way constitutes a
representation by the Company that references in such materials to the
activities of third-parties have been cleared or constitute a fair
use.
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5.12
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Severability.
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In case any one or more of the
provisions of this Agreement shall be invalid or unenforceable in any respect,
the validity and enforceability of the remaining terms and provisions of this
Agreement shall not in any way be affecting or impaired thereby and the parties
will attempt to agree upon a valid and enforceable provision which shall be a
reasonable substitute therefore, and upon so agreeing, shall incorporate such
substitute provision in this Agreement.
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5.13
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Remedies.
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In addition to being entitled to
exercise all rights provided herein or granted by law, including recovery of
damages, the Parties will be entitled to specific performance of the obligations
of each other under this Agreement or the Transaction Documents without the
showing of economic loss and without any bond or other security being required.
Each of the Company and the Purchaser (severally and not jointly) agree that
monetary damages would not be adequate compensation for any loss incurred by
reason of any breach of its obligations described in the foregoing sentence and
hereby agrees to waive in any action for specific performance of any such
obligation the defense that a remedy at law would be adequate.
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5.14
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Further
Assurances.
|
Each party shall do and perform, or
cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and
documents, as the other party may reasonably request in order to carry out the
intent and accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby.
IN WITNESS WHEREOF, the
parties hereto have caused this Assets Purchase Agreement to be duly executed by
their respective authorized persons as of the date first indicated
above.
VISITRADE
/s/ Xxxxx Xxxxxx
____________________________________________
Xxxxx
Xxxxxx, President and Director
SQUARE
SHOOTER INCORPORATED
/s/ C. Xxxxxxx Xxxxxxxxx
____________________________________________
C.
Xxxxxxx Xxxxxxxxx, Chairman of the Board and Director
EXHIBIT
A
List of
Assets to be Purchased
Assets to
be purchased.
All
assets of the Company including, but not limited to, all:
Licenses
License
Agreements
Patents
Names,
Trade Names, Trade Marks and Logos including the name Visitrade &
Vizitrade.
Goods in
Process
Production
Equipment and technology
Contracts
Contacts
Referrals
Intellectual
Properties
Web
Site
to be
delivered free of any liens or encumbrances or any other cloud on its
ownership.
This
agreement requires Square Shooter Incorporated to change its name.
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