ContractAsset Purchase Agreement • May 5th, 2020 • Iowa
Contract Type FiledMay 5th, 2020 Jurisdiction<DOCUMENT> <TYPE>EX-2.1 <SEQUENCE>2 <FILENAME>ex2-1.txt <DESCRIPTION>ASSET PURCHASE AGREEMENT <TEXT> Exhibit 2.1 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement ("AGREEMENT") is entered into this 31st day of July, 2008 ("EFFECTIVE Date") by and between DANBOM TEMPORARY, INC., an Iowa corporation ("BUYER"), and CRAGAR INDUSTRIES, INC., a Delaware corporation ("SELLER"). The Seller is engaged in the business of selling and licensing others to sell various customized vehicles, vehicle parts, kits, and other goods and services (the "PRODUCTS") distributed under various trademarks and trade dress (the "TRADEMARKS") through its offices located at 1600 North Desert Drive, #301, Tempe, AZ 85281 (the "BUSINESS"). Seller desires to sell, and Buyer desires to purchase, substantially all of Seller's assets used in connection with the Business for the consideration and on the terms set forth in this Agreement. The parties, intending to be legally bound, agree as follows: 1. PURCHASE AND SALE