ASSET PURCHASE AGREEMENTAsset Purchase Agreement • February 27th, 2007 • Michigan
Contract Type FiledFebruary 27th, 2007 JurisdictionTHIS ASSET PURCHASE AGREEMENT is dated as of February 15, 2007, by and between Williamston Products, Inc., a Michigan corporation (“Purchaser”), and Collins & Aikman Plastics, Inc., a Delaware corporation (“Seller”), and for purposes of Article IV and Section 13.1 only, Collins & Aikman Corporation, a Delaware corporation (“C&A” and collectively, with Seller and the other debtors, the “Debtors”). C&A and the Seller are each debtors and debtors in possession under cases jointly administered under chapter 11 Case No. 05-55927 pending in the United States Bankruptcy Court for the Eastern District of Michigan. In consideration of the mutual covenants, agreements and warranties herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: